FEMA - Corporate Law Reporter

Master Circular on Maintenance of Statutory Reserves-Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks

RBI/2011-12/40 UBD.PCB. MC.No:15 /12.03.000/2011-12 July 1, 2011 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Master Circular on Maintenance of Statutory Reserves- Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks Please refer to our Master Circular UBD CO.PCB.MC.No.15/12.03.000/2010-11 dated July 1, 2010 on the captioned subject. The… Read More

Mortgage Guarantee Companies Prudential Norms (Reserve Bank) Directions, 2008- Updated

RBI/2011-12/33; DNBS (PD-MGC) C.C. No. 9/23.11.01/2011-12; July 1, 2011 The Chairman/CEOs of all Mortgage Guarantee Companies Notification as amended upto June 30, 2011 Mortgage Guarantee Companies Prudential Norms (Reserve Bank) Directions, 2008 As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues… Read More

Mortgage Guarantee Company (Reserve Bank) Guidelines, 2008- Updated

RBI/2011-12/32; DNBS (PD-MGC) C.C. No. 8/23.11.01/2011-12; July 1, 2011 Notification DNBS(PD)MGC No.3 /CGM (PK) - 2008 dated February 15, 2008 Guidelines on Registration and Operations of Mortgage Guarantee Company under Section 45L(1)(b) of the Reserve Bank of India Act, 1934 The Reserve Bank of India, in terms of Notification No. DNBS. (MGC) 1 /CGM (PK)-… Read More

The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003

RBI/2011-2012/35 DNBS (PD) CC. No. 25 / SCRC / 26.03.001/ 2011-2012 July 1, 2011 Notification as amended upto June 30, 2011 - The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003 As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of… Read More

RBI Master Circular on Miscellaneous Instructions to NBFC-ND-SI

RBI/2011-12/29; DNBS (PD) CC No. 235/03.10.001/2011-12; July 1, 2011 All Non-Banking Financial Companies (NBFCs) Master Circulars - Miscellaneous Instructions to NBFC- ND-SI In order to have all current instructions in one place, the Reserve Bank of India has consolidated all the instructions issued during the year ended June 30, 2011. The circular seeks to consolidate… Read More

RBI- Issue of equity shares under FDI Scheme allowed under Government route

RBI/2010-11/586; Circular No.74; June 30, 2011 All Authorised Dealer Category-I Banks Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI Scheme allowed under the Government route Attention of Authorised Dealers Category I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a… Read More

Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs)

RBI/2010-11/587; Circular No.75; June 30, 2011 All Category - I Authorised Dealer Banks Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs) Attention of Authorised Dealer Category I (AD Category I) banks is invited to the A.P. (DIR Series) Circular No. 39 dated December 08, 2008, A.P. (DIR Series) Circular No. 65 dated April 28,… Read More

List of Terrorist Individuals/Organisations

RBI/2010-11/575 RPCD.CO.RCB.AML.No.14580/07.02.12/2010-11 June 21, 2011 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RCB.AML.No.14447/07.02.12/2010-11 dated June 16, 2011 . We have since received from Government of India (Ministry of External Affairs) copy… Read More

RBI to put the data on Overseas Direct Investment in the public domain

Press Release : 2010-2011/1855 The Reserve Bank of India has decided to put on its website on a monthly basis from July 2011 onwards the outflows on account of Overseas Direct Investment by Indian Companies / Parties as reported by the Authorized Dealers in Form ODI. The report will consist of the following fields, viz.,… Read More

New Executive Directors appointed at RBI

Press Release : 2010-2011/1830 Shri P. Vijaya Bhaskar assumed charge as Executive Director of the Reserve Bank of India on June 13, 2011. As Executive Director, Shri Bhaskar will look after Central Security Cell, Department of Banking Supervision and Department of Non-Banking Supervision. Prior to his appointment as Executive Director, Shri Bhaskar was the Regional… Read More

Exim Bank’s Line of Credit to the Government of the Federal Democratic Republic of Ethiopia

RBI/2010-11/568 A.P. (DIR Series) Circular No. 72 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 91 million to the Government of the Federal Democratic Republic of Ethiopia Export-Import Bank of India (Exim Bank) has concluded an Agreement dated February 18, 2011 with the Government of… Read More

LAF Repo/Reverse Repo/Marginal Standing Facility Rates

RBI/2010-11/569 FMD.MOAG. No.60/01.01.01/2010-11 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility Repo and Reverse Repo and Marginal Standing Facility Rates As announced in the Mid-Quarter Monetary Policy Review: June 2011, it has been decided to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from… Read More

RBI releases DRG Study on Productivity, Efficiency and Competitiveness of the Indian Manufacturing Sector

Press Release : 2010-2011/1833 The Reserve Bank of India today released a DRG Study entitled, Productivity, Efficiency and Competitiveness of the Indian Manufacturing Sector. The study is co-authored by Prof. Pushpa Trivedi (Indian Institute of Technology Bombay), Shri L. Lakshmanan (Assistant Adviser, Internal Debt Management Department), Dr. Rajeev Jain (Assistant Adviser, Department of Economic and… Read More