Signing of the Amendment of the Bilateral Swap Arrangement between Japan and India
The Bank of Japan (BOJ), acting as the agent for the Minister of Finance of Japan, and the Reserve Bank of India (RBI) concluded an agreement that expands the maximum amount of the Bilateral Swap Arrangement (BSA) between Japan and India to USD 50 billion. This agreement was signed by Governor Haruhiko Kuroda of the… Read More
Foreign Direct Investment- Pricing Guidelines for FDI instruments with optionality clauses
RBI/2013-2014/436 A.P. (DIR Series) Circular No. 86 January 9, 2014 All Category - I Authorised Dealer banks Madam/Sir, Foreign Direct Investment- Pricing Guidelines for FDI instruments with optionality clauses Attention of Authorised Dealers is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification… Read More
Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
RBI/2013-14/438 A. P. (DIR Series) Circular No. 88 January 09, 2014 To, All Authorised Dealer Category - I Banks Madam / Sir, Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses Attention of Authorised Dealer Category I (AD Category I) banks is invited to Part (B)… Read More
Resident Bank account maintained by residents in India Joint holder liberalization
RBI/2013-2014/437 A.P. (DIR Series) Circular No. 87 January 9, 2014 To All Banks Authorised to deal in Foreign Exchange Madam/Sir, Resident Bank account maintained by residents in India Joint holder liberalization Attention of Authorised Dealer (AD) banks is invited to A.P.(DIR Series) Circular No.12 dated September 15, 2011 in terms of which individuals resident in India were… Read More
RBI Clarifications on Provisions under section 6 (4) of Foreign Exchange Management Act, 1999
RBI/2013-14/440 A.P. (DIR Series) Circular No. 90 January 9, 2014 To, All Category- I Authorised Dealer Banks and Authorised Banks Madam / Sir, Provisions under section 6 (4) of Foreign Exchange Management Act, 1999 - Clarifications Attention of Authorized Dealers is invited to Section 6 (4) of FEMA, 1999 in terms of which a person… Read More
DGFT and Enforcement Directorate Sign MoU on Foreign Exchange Data Sharing
The Enforcement Directorate today signed a Memorandum of Understanding (MoU) with Director General of Foreign Trade (DGFT) for sharing of foreign exchange realization data. This data is also known as eBRC (Electronic Bank Realization Certificate) data. The Union Minister of Commerce and Industry Shri Anand Sharma presided over the ceremony in which Dr. Rajan Katoch,… Read More
Operational Guidelines for Designated Depository Participants
CIRCULAR CIR/IMD/FIIC/02/2014 January 08, 2014 To, 1. All Custodians of Securities 2. All Foreign Institutional Investors through their designated Custodians of Securities 3. Depository Participants through Depositories 4. All Depositories 5. All Recognized Stock Exchanges Dear Sir/ Madam, Sub: Operational Guidelines for… Read More
Reporting of Trades in Securitised Debt Instruments in Trade Reporting Platforms and Clearing and Settlement of trades in Securitised Debt Instruments through Clearing Corporations
Circular CIR/IMD/DF/1/2014 January 07, 2014 To: All Stock Exchanges, All Clearing Corporations, All Mutual Funds, Asset Management Companies (AMCs), All Foreign Institutional Investors/ sub-accounts/ Qualified Foreign Investors/ Foreign Portfolio Investors (through custodians),… Read More
Delivery Instruction Slip (DIS) Issuance and Processing
CIRCULAR CIR/MRD/DP/ 01/2014 January 07, 2014 To, The Depositories, Dear Sir / Madam, Sub: Delivery Instruction Slip (DIS) Issuance and Processing 1. SEBI had earlier issued circular SEBI/MRD/Dep/Cir-03/2007 dated February 13, 2007 and SEBI/MRD/Dep/Cir-3/2008 dated February 28, 2008 on safeguards to address the concerns of the investors on transfer of securities in dematerialized mode. 2.… Read More
Securities And Exchange Board Of India (Foreign Portfolio Investors) Regulations, 2014
Excerpts from the Securities And Exchange Board Of India (Foreign Portfolio Investors) Regulations, 2014 THE GAZETTE OF INDIA EXTRAORDINARY PART III SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, JANUARY 7, 2014 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 7th January, 2014 SECURITIES AND EXCHANGE BOARD OF INDIA (FOREIGN PORTFOLIO INVESTORS) REGULATIONS, 2014 No. LAD-NRO/GN/2013-14/36/12.-… Read More
RBI releases Report of the Committee on Comprehensive Financial Services for Small Business and Low Income Households
The Reserve Bank of India has today released on its website for public comments, the Report of the Committee on Comprehensive Financial Services for Small Business and Low Income Households and additional comments from two members in this regard. The Comments may be emailed or sent by post to the Principal Chief General Manager, Rural Planning and Credit Department, Reserve Bank… Read More
RBI Clarifications on Issue of Non convertible/ redeemable bonus preference shares or debentures
RBI/2013-2014/428 A.P. (DIR Series) Circular No.84 January 6 , 2014 To All Category - I Authorised Dealer banks Madam/Sir, Issue of Non convertible/ redeemable bonus preference shares or debentures - Clarifications Attention of Authorised Dealers Category- I (AD Category-I) banks is invited to Regulation (2ii) and Regulation 5 of the Foreign Exchange Management (Transfer or… Read More
External Commercial Borrowings (ECB) Policy Liberalisation of definition of Infrastructure Sector
RBI/2013-2014/429 A.P. (DIR Series) Circular No. 85 January 6, 2014 To All Category - I Authorised Dealer banks Madam/Sir, External Commercial Borrowings (ECB) Policy Liberalisation of definition of Infrastructure Sector Attention of Authorised Dealer Category I (AD Category I) banks is invited to the Notification No. FEMA.281/2013-RB dated July 19, 2013 published in the Gazette of India… Read More
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