FIFO

Import of Gold by Nominated Banks/Agencies/Entities

RBI/2013-14/423 A.P. (DIR Series) Circular No.82 December 31, 2013 To All Scheduled Commercial Banks which are Authorized Dealers (ADs) in Foreign Exchange/ All Agencies nominated for import of gold Madam / Sir, Import of Gold by Nominated Banks/Agencies/Entities Attention of Authorized Persons is drawn to the Reserve Bank™s A.P. (DIR Series) Circular No. 25 dated August… Read More

Tags: AccrualFederal Emergency Management AgencyFIFOForeign Exchange Management ActImportIndiaIndia governmentReserve Bank of India

Damaged Currency Notes

Reserve Bank of India (RBI) has informed that no instance of damage of currency notes in various public sector banks across the country have been brought to their notice in the recent past. However, during the year 2010 currency notes amounting to Rs. 3.75 crores kept in Currency Chest at SBI Fatehpur, Barabanki (U.P.) were… Read More

Tags: BanknoteCurrencyFIFOLok SabhaLucknowministry of financeReserve Bank of IndiaRun batted in

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