Speech by Shri Deepak Mohanty, Executive Director, Reserve Bank of India at the Reserve Bank Staff College (RBSC), Chennai, December 26, 2013 I thank Principal Uma Subramaniam for this opportunity to interact with you on unconventional monetary policy. The seminar is topical and timely. It is now 5 years since the collapse of the Lehman… Read More
- 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
On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75 per cent to 8.0 per cent; and keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per… Read More
RBI/2013-14/468 DBOD.No.Ret.BC.88/12.01.001/2013-14 January 28, 2014 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate Please refer to our circular DBOD.No.Ret.BC.64/12.01.001/2013-14 dated October 29, 2013 on the subject. 2. Consequent to the increase in the policy repo rate under the Liquidity Adjustment Facility (LAF) as announced in the Third Quarter Review of Monetary Policy 2013-14 dated… Read More
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
RBI/2013-14/473 A.P. (DIR Series) Circular No.99 January 29, 2014 To, All Authorised Persons Madam/ Sir, Foreign investment in India by SEBI registered Long term investors in Government dated Securities Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person… Read More
CIRCULAR CIR/IMD/FIIC/3/2014 January 29, 2014 To All Foreign Institutional Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL) Sir / Madam, Sub: Change in Government Debt Investment Limits 1. Government of India enhanced the Government debt investment limits by USD 5 billion in June 2013. Vide circular IR/IMD/FIIC/8/2013 dated June 12, 2013,… Read More
THE GAZETTE OF INDIA EXTRAORDINARY PART - III - SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, JANUARY 27, 2014 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 27th day of January, 2014 Notification under regulation 3 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007.… Read More
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated 24th January, 2013 Press Release The procedure for PAN allotment process will undergo a change w.e.f. 03.02.2014. From this date onwards, every PAN applicant has to submit self-attested copies of Proof of Identity (POI), Proof of Address (POA) and Date of Birth… Read More
General Circular No 1/2014, Dated :15th January 2014 Subject: Report u/s 394A of the Companies Act, 1956- Taking accounts of comments/inputs from Income Tax Department and other sectoral Regulators while filing reports by RDs. Section 394A of the Companies Act, 1956 requires service of a notice on the Central Government wherever cases involving arrangement/compromise (under Section 391) or reconstruction / amalgamation (under… Read More
Achromic Point Presents Corporate Landscape - Recent Developments and Perspective - Mumbai 21st February 2014 Dear Industry Colleague, Greetings from Achromic Point We would like to take this opportunity to inform and invite you to our upcoming seminar "Corporate Landscape - Recent Developments and Perspectivewith our knowledge partner MPC Legal in Mumbai on 21st February 2014. The seminar aims… Read More
Achromic Point Presents The Risk Management, Governance & Compliance Summit 2014 - Strategy For Better Performance And Accountability - Mumbai 7th February | Bengaluru 14th February | Chennai 12th March Dear Industry Colleague, Greetings from Achromic Point. We would like to take this opportunity to inform and invite you to The Risk Management, Governance & Compliance… Read More
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