Mumbai | Corporate Law Reporter

Indian Banking: the New Landscape

- Keynote address by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India, at the Mint™s Annual Banking Conference, 2014 in Mumbai on January 31, 2014 Sukumar and Tamal, thank you very much, for this invite. I am happy to note that you and your paper- the Mint, have been focussing on the process of change… Read More

Tags: Banking in India, Basel III, Citibank-India, India, Mumbai, Reserve Bank of India, State Bank of India, United States

Notification under regulation 3 of the SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007

THE GAZETTE OF INDIA EXTRAORDINARY PART - III - SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, JANUARY 27, 2014 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 27th day of January, 2014 Notification under regulation 3 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007.… Read More

Tags: Board, Certified Financial Planner, Financial Planning Standards Board India, India, Mumbai, National Institute of Securities Markets, Regulation, Securities & Exchange Board of India

Conference : Corporate Landscape – Recent Developments and Perspective

Achromic Point Presents Corporate Landscape - Recent Developments and Perspective - Mumbai 21st February 2014 Dear Industry Colleague, Greetings from Achromic Point We would like to take this opportunity to inform and invite you to our upcoming seminar "Corporate Landscape - Recent Developments and Perspectivewith our knowledge partner MPC Legal in Mumbai on 21st February 2014. The seminar aims… Read More

Tags: chartered accountant, Corporate law, Corporation, Income tax, India, Law, Mumbai, United States

The Risk Management, Governance & Compliance Summit 2014

Achromic Point Presents The Risk Management, Governance & Compliance Summit 2014 - Strategy For Better Performance And Accountability - Mumbai 7th February | Bengaluru 14th February | Chennai 12th March Dear Industry Colleague, Greetings from Achromic Point. We would like to take this opportunity to inform and invite you to The Risk Management, Governance & Compliance… Read More

Tags: Business, Chennai, Deloitte, Financial services, Internal audit, Management, Mumbai, Risk management

Prepaid Payment Instruments issued by Non-Banking Institutions

RBI/2013-14/461 DNBS(PD).CC. No 368 /03.10.01 /2013-14 January 24 , 2014 All Non Banking Financial Companies Dear Sirs, Prepaid Payment Instruments issued by Non-Banking Institutions Nonbanking institutions (NBIs) are allowed to issue prepaid payment instruments (PPIs) and collect money in this behalf from the customers, subject to authorisation under the Payment and Settlement Systems Act (PSS… Read More

Tags: Cuffe Parade, Financial institution, General manager, Mumbai, NSV machine gun, Reserve Bank of India, Run batted in, Settlement Systems Act

RBI Reviews Guidelines on Restructuring of Advances by NBFCs

RBI/2013-14/459 DNBS.CO. PD. No. 367/03.10.01/2013-14 January 23, 2014 All NBFCs excluding Primary Dealers Dear Sirs, Review of Guidelines on Restructuring of Advances by NBFCs As indicated in paragraph 42 of the Second Quarter Review of Monetary Policy 2013-14 announced on October 29, 2013, the extant instructions on restructuring of advances by NBFCs have been reviewed… Read More

Tags: ANNEX, Bank, COLABA, Cuffe Parade, Monetary policy, Mumbai, Reserve Bank of India, Working Group

RBI Advises Banks regarding NEFT Customer Service and Charges, Adherence to Procedural Guidelines and Circulars

RBI/2013-14/457 DPSS.CO.EPPD No.1583/04.03.01/2013-14 January 21, 2014 The Chairman and Managing Director / Chief Executive Officer of member banks participating in NEFT Madam / Dear Sir, NEFT Customer Service and Charges Adherence to Procedural Guidelines and Circulars The National Electronic Fund Transfer (NEFT) System, operational since November 2005 has seen an exponential growth in terms of volumes… Read More

Tags: Bank account, Branch (banking), Indian Settlement Systems, Mumbai, NEFT, rbi, Reserve Bank of India, Run batted in

SEBI First International Research Conference-2014

Securities and Exchange Board of India (SEBI), in its silver jubilee year, is organizing its First International Research Conference during January 27-28, 2014 in Mumbai. The theme of the Conference is HFT, Algo Trading and Co-location. SEBI has invited academicians/market practitioners/regulators, having experience in the field, from countries such as USA, Spain, Australia, Canada, Japan,… Read More

Tags: Business, canada, India, Investing, Mumbai, SEBI, Securities & Exchange Board of India, United States

Lending against Gold Jewellery

RBI/2013-14/453 DBOD.BP.BC.No.86 /21.01.023 /2013-14 January 20, 2014 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Lending against Gold Jewellery Please refer to our circular DBOD.No.BC.138/21.01.023/94 dated November 22, 1994 on ˜Advances against Gold Ornaments and Jewellery for the purpose of Medical Expenses and Meeting Unforeseen Liabilities™, wherein banks were advised that while granting advances against… Read More

Tags: Board of directors, Gold, India, Jewellery, Loan, Loan-to-value ratio, Mumbai, Rajesh Verma

RBI releases Report of the Committee on Comprehensive Financial Services for Small Business and Low Income Households

The Reserve Bank of India has today released on its website for public comments, the Report of the Committee on Comprehensive Financial Services for Small Business and Low Income Households and additional comments from two members in this regard. The Comments may be emailed or sent by post to the Principal Chief General Manager, Rural Planning and Credit Department, Reserve Bank… Read More

Tags: Committee, Financial services, Money Services Business, Mumbai, Nachiket Mor, Non-governmental organization, Reserve Bank of India, Telephone exchange

Submission of online Quarterly Statements by Securitisation Companies/Reconstruction Companies registered with the Reserve Bank of India under Section 3(4) of the SARFAESI Act

RBI/2013-2014/422 DNBS (PD) CC. No. 34/SCRC/26.03.001/2013-2014 December 31, 2013 All registered Securitisation Companies/ Reconstruction Companies Submission of online Quarterly Statements by Securitisation Companies/ Reconstruction Companies registered with the Reserve Bank of India under Section 3(4) of the SARFAESI Act Please refer to our Circular DNBS (PD) CC. No. 5/SCRC/10.30.000/2006-2007 dated April 25, 2007 and subsequent Circular DNBS… Read More

Tags: Bank, COLABA, Cuffe Parade, Mumbai, Reconstruction Era, Reserve Bank of India, Securitisation, Securitisation Companies/Reconstruction Companies

Excerpts from SEBI Board Meeting

The SEBI Board met in Mumbai today and took the following decisions: 1. The Amendment to Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 The Securities Laws (Amendment) Ordinance, 2013 provides for regulation of pooling of funds under any scheme or arrangement, involving a corpus amount of one hundred crore rupees or… Read More

Tags: Collective investment scheme, Financial Stability Board, Mumbai, National Housing Bank, Search and seizure, SEBI, Securities & Exchange Board of India, Shelf registration

RBI seeks Comments on Draft Framework for dealing with Domestic Systemically Important Banks (D-SIBs)

The Reserve Bank of India today released on its website, the draft framework for dealing with Domestic Systemically Important Banks (D-SIBs). The Reserve Bank has sought views/comments on the document from banks, other institutions and the public at large. Suggestions and comments on the draft framework may be sent to the Principal Chief General Manager, Reserve Bank… Read More

Tags: Basel Committee on Banking Supervision, Central Office Building, Financial Stability Board, Mumbai, Reserve Bank, Reserve Bank of India, Run batted in, Systemically important financial institution