RBI’s Path towards Liberalisation.
The Reserve Bank of India (RBI) lies at the apex of the banking and financial structure of the country. Recently, it published various notifications that loosened certain restrictions and espoused a smooth-running of its policies. The predominant features are discussed hereunder. 1. FDI norms liberalized for NBFC’S: During the Budget Speech of 2016, the Esteemed… Read More
Tags: Central bank, Indian Corporate Law, Reserve Bank of India
External Commercial Borrowings (ECB) Reporting arrangements
RBI/2013-14/495 A. P. (DIR Series) Circular No. 105 February 17, 2014 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Reporting arrangements Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB… Read More
Tags: Categories of New Testament manuscripts, Currency, External Commercial Borrowing, Federal Emergency Management Agency, Foreign Exchange Management Act, Reserve Bank of India
How to identify pre-2005 currency notes
This note has the year of printing clearly printed in the middle of the bottom row on the backside. The Reserve Bank of India (RBI) has announced its plans to withdraw all currency noted issued before 2005. Financial experts believe that the move is largely aimed at removing fake or counterfeit currency embedded into the… Read More
Tags: Banknote, Counterfeit money, Currency, India, Printing, rbi, Reserve Bank of India, Run batted in
Survey of India™s Foreign Liabilities and Assets for the Mutual Fund Companies 2012-13
The Reserve Bank of India today released, on its website, the datarelated to the results of Survey of India's Foreign Liabilities and Assets for the Mutual Fund Companies 2012-13. The data compiled are based on annual survey on India's foreign liabilities and assets (FLA) of the mutual fund companies (MFs) and Asset Management Companies (AMCs)… Read More
Tags: Hong Kong, India, March 2012, March 2013, Mutual fund, Reserve Bank of India, United Arab Emirates, United States
RBI releases Report of the Committee on Financial Benchmarks
The Reserve Bank of India has, today, placed on its website, the Report of the Committee on Financial Benchmarks. It may be recalled that the Reserve Bank had announced the constitution of the Committee on Financial Benchmarks (Chairman: Shri P. Vijaya Bhaskar, Executive Director) on June 28, 2013 with a mandate to study various issues… Read More
Tags: Committee, Executive director, General manager, India, Press Release, Reserve Bank of India, Run batted in, Vijaya Bhaskar
RBI releases Report of the Technical Committee on Mobile Banking
The Reserve Bank of India has today released, on its website for public comments, the "Report of the Technical Committee on Mobile Banking". The comments may be emailed sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001… Read More
Tags: India, Mobile banking, Reserve Bank of India, , Telecom Regulatory Authority of India, TRAI, Unstructured Supplementary Service Data, USSD
Foreign Exchange Management Act – Emerging Issues and Recent Developments – VCCircle
Foreign Exchange Management Act - Emerging Issues and Recent Developments India is one of the largest FDI destinations in the world with the relaxation of foreign exchange restrictions, there has been a significant flow of investments into India. At the same time, Indian businesses have been making investments and acquisitions overseas. With the inbound and… Read More
Tags: External commercial borrowing (India), FDI, Federal Emergency Management Agency, FEMA, foreign direct investment, Foreign Exchange Management Act, FVCI, India, Reserve Bank of India, Tax treaty
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
RBI releases Framework for Revitalising Distressed Assets in the Economy
The Reserve Bank of India today released on its website the Framework for Revitalising Distressed Assets in the Economy. The Framework outlines a corrective action plan that will incentivise early identification of problem cases, timely restructuring of accounts which are considered to be viable, and taking prompt steps by banks for recovery or sale of… Read More
Tags: Economy of India, finance, Green paper, Loan, Reserve Bank, Reserve Bank of India, Restructuring, Steps (group)
Strategy adopted by RBI for Financial Inclusion
- Speech delivered by Dr. Deepali Pant Joshi, Executive Director, Reserve Bank of India at a workshop organised by Government of Madhya Pradesh at New Delhi on January 24, 2014 One of the major challenges for next decade or more to banks in the country is to capture the banking business of over 50% population… Read More
Tags: Financial inclusion, Financial services, India, Raghuram Rajan, rbi, Reserve Bank of India, Run batted in, Unique Identification Authority of India
Withdrawal of all old series of Banknotes issued prior to 2005
RBI/2013-2014/467 DCM(Plg) No.G-17/3231/10.27.00/2013-14 January 23, 2014 The Chairman / Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Primary(Urban) Co-operative Banks/RRBs Dear Sir /Madam Withdrawal of all old series of Banknotes issued prior to 2005 As you are aware, RBI has been following a policy of phasing out of certain series of banknotes from time… Read More
Tags: Banknote, Branch (banking), General manager, Legal tender, March 31 2014, Reserve Bank of India, Run batted in, Sanjeev Sharma
Banknotes issued prior to 2005 to be withdrawn RBI Clarification
Further to our Press Release dated January 22, 2014 on the subject and in response to the queries raised, the Reserve Bank of India (RBI) clarifies that the rationale behind its move to withdraw banknotes printed prior to 2005 is to remove these banknotes from the market because they have fewer security features compared to… Read More
Tags: Banknote, Branch (banking), Legal tender, Press Release, Printing, rbi, Reserve Bank of India, Run batted in
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