FEMA - Corporate Law Reporter

Foreign investment in India by SEBI registered FIIs in Government Securities and Corporate Debt

RBI/2012-13/465 A.P. (DIR Series) Circular No.94 April 01, 2013 To All Category I Authorised Dealer Banks Madam / Sir, Foreign investment in India by SEBI registered FIIs in Government Securities and Corporate Debt Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of… Read More

FEMA Regulations, Eighth Amendment 2013 – Transfer or Issue of Security by a Person Resident outside India

Reserve Bank of India Foreign Exchange Department Central Office Mumbai Notification No. FEMA.272/2013-RB Dated March 26, 2013 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eighth Amendment) Regulations, 2013 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the… Read More

Exim Bank’s Line of Credit to Government of the Republic of Benin

RBI/2012-13/464 A.P. (DIR Series) Circular No. 93 April 1, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 15 million to the Government of the Republic of Benin Export-Import Bank of India (Exim Bank) has concluded an Agreement dated August 23, 2012 with the Government… Read More

Exim Bank’s Line of Credit to Banco Exterior De Cuba

RBI/2012-13/463 A.P. (DIR Series) Circular No. 92 April 1, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 5 million to Banco Exterior De Cuba Export-Import Bank of India (Exim Bank) has concluded an Agreement dated October 10, 2012 with Banco Exterior De Cuba, for making… Read More

Exim Bank’s Line of Credit to the Government of the Republic of Cameroon

RBI/2012-13/462 A.P. (DIR Series) Circular No. 91 April 1, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 42 million to the Government of the Republic of Cameroon Export-Import Bank of India (Exim Bank) has concluded an Agreement dated September 14, 2012 with the Government of… Read More

Foreign investment in Government Securities and Corporate Bonds Rationalised

The Central Government in consultation with Reserve Bank of India (RBI) and SEBI has been progressively liberalizing/rationalizing the scheme for foreign investment in G-Secs and Corporate bonds keeping in view the evolving macroeconomic scenario and financing needs of the economy. Till now FIIs were permitted to invest USD 25 billion in G-Secs (Comprising of two… Read More

DGFT Amendments in Appendix 5 of the Handbook of Procedures (Vol.I)

(To be published in the Gazette of India Extraordinary Part-I, Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade PUBLIC NOTICE No. 52(RE:2012)/2009-2014 NEW DELHI DATED 28th March 2013 In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of… Read More

Basel III Capital Regulations in India : Clarifications on Implementation Guidelines

RBI/2012-13/460 DBOD.No.BP.BC.88/21.06.201/2012-13 March 28, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Sir, Guidelines on Implementation of Basel III Capital Regulations in India - Clarifications Please refer to the ˜Guidelines on Basel III Capital Regulations™ issued vide circular DBOD.No.BP.BC.98/21.06.201/2011-12 dated… Read More

KYC norms compliance for Self Help Groups simplified by RBI

RBI/2012-13/459 DBOD.AML.BC. No.87/14.01.001/2012-13 March 28, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying norms for Self… Read More

Revision of interest rates of PPF and Senior Citizens Savings Scheme

RBI/2012-13/458 DGBA.CDD. No. H- 5603 /15.02.001/2012-13 March 28, 2013 The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur / State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/ Bank of… Read More

Financial Consumer Protection : A perspective from RBI

(Inaugural Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the RBI Banque de France Seminar on Consumer Protection organized at the College of Agricultural Banking, Pune on March 22, 2013) Madam Anne Le Lorier, First Deputy Governor, Banque de France, Senior executives from the Banque de France, Shri G. Padmanabhan… Read More

Transitioning from Student to Professional Lives: Some Reflections

(Convocation Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the V.V. Vanniaperumal College for Women, Virudhunagar on March 24, 2013) Dr. M. Narendra, CMD, Indian Overseas Bank; Dr. (Smt.) P. Selvameenakshi, Principal, V.V. Vanniaperumal College for Women; Shri S.M.S. Manickavasagam, Secretary and Smt. M.M.N… Read More

Statistics and the Reserve Bank: Recent Developments and Perspective

(Opening Remarks by Shri Deepak Mohanty, Executive Director, at Annual Statistics Conference 2013 of the Reserve Bank of India on March 22, 2013 at Mumbai) Deputy Governor, Dr. Urjit R. Patel, Shri A. B. Chakraborty, Officer-in-Charge, Department of Statistics and Information Management (DSIM); heads of select central office departments; distinguished statisticians and economists from the… Read More