Category - RBI

RBI to constitute Expert Committee to mitigate the incidence of divergence and frauds

Reserve Bank of India (RBI), as part of its ongoing efforts for strengthening of the supervisory framework in the country, has been issuing necessary instructions to banks from time to time on a variety of issues of prudential supervisory concern, including the management of operational risks inherent in the functioning of banks. The risks arising… Read More

RBI circular on Acceptance of coins

RBI/2017-18/132 DCM (RMMT) No.2945/11.37.01/2017-18 February 15, 2018 The Chairman and Managing Director / The Managing Director/ The Chief Executive Officer All Banks Dear Sir Acceptance of coins We invite a reference to Paragraph 1 (d) of our Master Circular DCM (NE) No. G – 1/08.07.18/2017-18 dated July 03, 2017 on Facility for Exchange of Notes and Coins… Read More

RBI releases revised framework of resolution of stressed assets

RBI/2017-18/131 DBR.No.BP.BC.101/21.04.048/2017-18 February 12, 2018 All Scheduled Commercial Banks (Excluding Regional Rural Banks (RRB)), All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir/Madam, Resolution of Stressed Assets – Revised Framework 1. The Reserve Bank of India has issued various instructions aimed at resolution of stressed assets in the economy, including introduction of certain… Read More

RBI cautions about Fake Websites in its Name

It has come to the notice of the Reserve Bank of India that a fake website of the Reserve Bank of India has been created with the URL www.indiareserveban.orgby some unknown person(s). The layout of the fake website is similar to the original RBI website. The home page of the fake website also contains a provision… Read More

RBI releases Sixth Bi-monthly Monetary Policy Statement, 2017-18

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent. Consequently, the reverse repo rate under the LAF remains at 5.75 per cent, and the… Read More

Statement on Developmental and Regulatory Policies – February 2018

Statement on Developmental and Regulatory Policies – February 2018 Relief for MSME Borrowers who have registered under Goods and Services Tax 1. The formalisation of business through registration under Goods and Services Tax (GST) adversely impacted cash flows of the smaller entities during the transition phase with consequent difficulties in meeting their repayment obligations to… Read More

Formation of new districts in the State of Assam – Assignment of Lead Bank Responsibility :RBI

RBI/2017-18/122 FIDD.CO.LBS.BC.No.2195/02.08.001/2017-18 January 18, 2018 The Chairmen & Managing Directors/ Chief Executive Officers All Lead Banks Dear Sir/Madam, Formation of new districts in the State of Assam - Assignment of Lead Bank Responsibility The Government of Assam vide Gazette Notifications dated January 25, 2016, February 26, 2016 and August 5, 2016 had notified the creation… Read More

Interest rates for Small Savings Schemes:RBI

RBI/2017-18/120 DGBA.GBD.1781/15.02.005/2017-18 January 11, 2018 All Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated December 27, 2017 advised the rate of interest on various small… Read More

Schemes of Arrangement by Listed Entities and (ii) Relaxation under Rule 19 of the Securities Contracts (Regulation) Rules, 1957

CIRCULAR CFD/DIL3/CIR/2018/2 January 03, 2018 To All Listed Entities who have listed their equity and convertibles All the Recognized Stock Exchanges Dear Sir/Madam, Sub: Schemes of Arrangement by Listed Entities and (ii) Relaxation under Sub-rule (7) of Rule 19 of the Securities Contracts (Regulation) Rules, 1957 1. SEBI Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017… Read More

XBRL Returns – Harmonization of Banking Statistics

RBI/2017-18/117 DBR.No.BP.BC.99/08.13.100/2017-18 January 04, 2018 All Scheduled Commercial Banks (Excluding Regional Rural Banks), Madam/Dear Sir, XBRL Returns – Harmonization of Banking Statistics The Reserve Bank of India had constituted an inter-departmental Task-force in December 2014, to provide “harmonised” definitions of major balance sheet/ profit and loss/ off-balance sheet items covered in the banking/ regulatory returns… Read More

Refinancing of External Commercial Borrowings

RBI/2017-18/116 A.P. (DIR Series) Circular No.15 January 4, 2018 To All Category-I Authorised Dealer Banks Madam / Sir Refinancing of External Commercial Borrowings Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to paragraph 2 of the Statement on Developmental and Regulatory Policies issued along with the Fifth Bi-monthly Monetary Policy Statement for… Read More

Submission of Financial Information to Information Utilities

RBI/2017-18/115 DNBR.PD(ARC)CC.No.05/26.03.001/2017-18 January 04, 2018 The Chairman/ Managing Director/ Chief Executive Officer All registered Asset Reconstruction Companies Dear Sir/Madam, Submission of Financial Information to Information Utilities Please refer to circular DBR.No.Leg.BC.98/09.08.019/2017-18 dated December 19, 2017 on the captioned subject. Instructions contained therein are applicable to all registered Asset Reconstruction Companies (ARCs) as well. Yours faithfully, (C.D. Srinivasan)… Read More

RBI issues Master Direction on Foreign investment in India

The Reserve Bank of India, in consultation with the Government of India, has revised the Regulations on foreign investment in India and has repealed and replaced the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000 (Notification No. FEMA 20) and Foreign Exchange Management (Investment in a Firm… Read More

Page 2 of 10« First...23...10...Last »

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates