FEMA - Corporate Law Reporter

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Fifth Amendment) Regulations, 2013

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION NO. 283/2013-RB Mumbai, the 14th August, 2013 Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Fifth Amendment) Regulations, 2013 G.S.R. 552(E).”In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and subsection (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42… Read More

Foreign Exchange Management (Permissible Capital Account Transactions) (Amendment) Regulations, 2013

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION NO. 282/2013-RB Mumbai, the 14th August, 2013 Foreign Exchange Management (Permissible Capital Account Transactions) (Amendment) Regulations, 2013 G.S.R. 551(E).”In exercise of the powers conferred by sub-section (2) of Section 6,Sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) the Reserve Bank of India, in… Read More

PM Releases Fourth Volume of RBI History (1981-1997)

Dr. Manmohan Singh, the Hon™ble Prime Minister, released the fourth volume of the Reserve Bank of India's history at a function held today in New Delhi. Jointly published by the Reserve Bank and the Academic Foundation, the volume covers the momentous 16-year period from 1981 to 1997. With this volume, the Reserve Bank of India has now… Read More

PM Speak :: On releasing “History of the RBI”

It goes without saying that the history of the Reserve Bank is the history of the growth of our country since independence. The Reserve Bank has done the country proud - the role which it has played in shaping the monetary policy, in shaping the credit policy, and, if I remember correctly, in also influencing,… Read More

Welcome remarks by Dr. D Subbarao on PM’s unveiling of RBI History, Vol IV

On behalf of the Reserve Bank, I have great pleasure in welcoming everyone to this function for the release of Volume IV of the Reserve Bank of India (RBI) history by the Hon™ble Prime Minister Dr. Manmohan Singh. 2. Volume IV of the RBI history covers the period from 1981 to 1997 which subsumes the… Read More

Exim Bank’s Line of Credit to the Government of the Union of Comoros

RBI/2013-14/189 A.P. (DIR Series) Circular No.27 August 16, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 41.60 million to the Government of the Union of Comoros Export-Import Bank of India (Exim Bank) has entered into an Agreement dated February 22, 2013 with the Government of… Read More

Deferred Payment Protocols between Government of India and erstwhile USSR

RBI/2013-14/188 A.P. (DIR Series) Circular No.26 August 14, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.05 dated July… Read More

Import of Gold by Nominated Banks /Agencies/Entities (Revised)

RBI/2013-14/187 A.P. (DIR Series) Circular No. 25 August 14, 2013 To, All Category - I Authorised Dealer Banks All Scheduled Commercial Banks which are Authorised Dealers (ADs) in Foreign Exchange/ All Agencies nominated for import of gold Madam / Sir, Import of Gold by Nominated Banks /Agencies/Entities Attention of Authorised Persons is drawn to the… Read More

Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits

RBI/2013-14/186 DBOD.Dir.BC. 40 /13.03.00/2013-14 August 14, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular DBOD.Dir.BC.64/13.03.00/2011-12 dated December 16, 2011 on Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non- Resident (NRO) Accounts. 2. In terms… Read More

RBI Notification on Interest Rates on FCNR(B) Deposits

RBI/ 2013-14/185 DBOD.Dir.BC.38/13.03.00/2013-14 August 14 , 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Interest Rates on FCNR(B) Deposits Please refer to our circular No.DBOD.Dir.BC.102/13.03.00/2011-12 dated May 4, 2012 on Interest Rates on Deposits held in FCNR(B) Accounts. In view of the prevailing market conditions, it has been decided that until further notice and with effect… Read More

FCNR(B)/NRE Deposits – Exemption from Maintenance of CRR/SLR and exclusion from ANBC for Priority Sector Lending

RBI/2013-14/184 Ref: DBOD.No.Ret.BC. 36/12.01.001/2013-14 August 14, 2013 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 and Section 24 of the Banking Regulation Act, 1949 - FCNR(B)/NRE deposits - exemption from maintenance of CRR/SLR and exclusion from ANBC for Priority Sector Lending At present,… Read More

RBI Notification on Clean Note Policy

RBI/2013-14/183 DCM (NPD) No. G-11 /09.39.000 /2013-14 August 14, 2013 The Chairman and Managing Director / The Chief Executive Officer All Banks (including Co-operative banks and RRBs) Madam / Dear Sir, Clean Note Policy Please refer Bank™s directive vide DBOD No. Dir. BC. 43/13.03.00/2001-02 dated November 07, 2001 and circular DCM (NPD) No. 5133/09.39.000/2012-13 dated May 10, 2013 on… Read More

Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee’s Al Qaida Sanctions List and Consolidated List

RBI/2013-14/182 DBOD. AML.No. 2406/14.06.001/2013-14 August 14, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List and Consolidated List Please refer to our circular DBOD.… Read More