FEMA - Corporate Law Reporter

Developments in India™s Balance of Payments during the First Quarter (April-June) of 2013-14

Preliminary data on India™s balance of payments (BoP) for the first quarter (Q1), i.e., April-June 2013, of the financial year 2013-14, are now available and presented in Statements I and II. While Statement I presents BoP data in BPM6 format, Statement II provides the same as per the old format. Developments in India™s BoP during April-June 2013 India™s current account… Read More

A Profile of Banks: 2012-13

The Reserve Bank of India released on its website A Profile of Banks: 2012-13. The publication, ninth volume in the series, provides bank-wise and bank group-wise information on important performance indicators of all scheduled commercial banks excluding regional rural banks, for the period 2008-09 to 2012-13. The publication covers 21 important indicators, including return on… Read More

Performance of the Private Corporate Business Sector during First Quarter of 2013-14 Data Release

The Reserve Bank of India today released, on its website, the data on the performance of non-financial private corporate business sector during first quarter of 2013-14 (April-June 2013). The data compiled are based on the abridged financial results of 2,768 listed non-government non-financial (NGNF) companies. To enable comparison, similar data pertaining to Q4:2012-13 and Q1:2012-13 are also… Read More

National Institute of Bank Management Conclave on Implications of New Bank Licences

(Inaugural address by Shri B. Mahapatra, Executive Director, Reserve Bank of India (RBI) at the PG Students™ Conclave on Implications of New Bank Licences at the National Institute of Bank Management, Pune on September 28, 2013) I have great pleasure and privilege in associating myself with the conclave of the Post Graduate Students of National… Read More

Second Schedule to the Reserve Bank of India Act, 1934 Norms for inclusion

RBI/2013-14/298 UBD CO BPD (PCB) No.20/16.05.000/2013-14 September 27, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Second Schedule to the Reserve Bank of India Act, 1934 Norms for inclusion Please refer to our circular UBD No. BPD 3/16.05.00/2004-05 dated July 13, 2004 on the captioned subject in terms of which UCBs were… Read More

Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks

RBI/2013-14/297 UBD.BPD.(PCB) Cir.No.21/14.01.062/2013-14 September 27, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/Dear Sir, Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks Primary (Urban) Cooperative Banks Under Rule 16 of the Foreign Contribution (Regulation) Rule, 2011, banks have to report to Central Government any transaction in… Read More

RBI Security and Risk Mitigation Measures for Card Present Transactions

RBI/2013-14/296 DPSS (CO) PD No.719/02.14.011/2013-14 September 27, 2013 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/ Authorised Card Payment Networks Madam / Dear Sir, Security and Risk Mitigation Measures for Card Present Transactions A reference… Read More

Dr. Raghuram Rajan Committee Report for Evolving a Composite Development Index of States

Report of the Dr. Raghuram Rajan Committee for Evolving A Composite Development Index of States Submitted to the Union Finance Minister ; Committee Proposes A General Method for Allocating Funds From the Centre to the States Based on Both A State™s Development Needs As Well As its Development Performance; The Report of the Dr. Raghuram Rajan… Read More

RBI Assurance on Liquidity Management

Beginning with the Mid-Quarter Review of September 2013, the Reserve Bank of India began a calibrated unwinding of the exceptional measures undertaken since July so as to restore normalcy to financial flows. Currently, the Reserve Bank is injecting about Rs 1.5 trillion into the system on a daily basis through the liquidity adjustment facility (LAF),… Read More

RBI Working Paper Series 8 : Macroprudential Regulation and Bank Performance: Evidence from India

The Reserve Bank today placed on its website a Working Paper titled Macroprudential Regulation and Bank Performance: Evidence from India. The paper has been authored by Dr. Saibal Ghosh. In recent times, a lot of emphasis has been placed on financial sector reforms as a means to improve the overall functioning of the sector. As… Read More

Pernicious practices of select banks deterring customer protection and accounting integrity

RBI/2013-14/292 DBS.CO.PPD No. 3578 /11.01.005/2013-14 September 17, 2013 The Chairman/Chief Executive All Scheduled Commercial Banks (Excluding RRBs) / Local Area Banks Madam/Dear Sir, Pernicious practices of select banks deterring customer protection and accounting integrity Please refer to our circular DBS.CO.PPD No. 17882/11.01.005/2012-13 dated June 19, 2013, wherein we had observed certain disquieting features in certain practices/products… Read More

Export Credit in Foreign Currency

RBI/2013-14/291 DBOD.Dir.BC.No. 57 /04.02.001/2013-14 September 25, 2013 All Scheduled Commercial Banks and Exim Bank (excluding RRBs) Dear Sir/ Madam, Export Credit in Foreign Currency Banks extend export credit in Indian Rupees as well as in foreign currency, such as Pre Shipment Credit in Foreign Currency (PCFC) and Post Shipment Credit in Foreign Currency (PSCFC), as… Read More

RBI Issues Clarifications Regarding Applicability of Revised ODI Guidelines

RBI Issues Clarifications Regarding Applicability of Revised Guidelines in Respect of Overseas Direct Investment (ODI) to Facilitate Outward Investment Requirements of the Indian Companies Reserve Bank of India (RBI) has issued certain clarifications vide AP (DIR Series) Circular No. 30 dated September 04, 2013 with respect to the applicability of the revised guidelines in respect… Read More