Government Approves Eight (8) Proposals of Foreign Direct Investment
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on June 14, 2013, the Government of India has approved eight (8) Proposals of Foreign Direct Investment amounting to Rs. 1311.54 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 14.06.2013 are as follows: Following 8 (Eight) proposals have been approved: Sl. No. Name of theapplicant Particulars of the proposal FDI/NRIinflows (Rs. incrore) 1 M/s EuronetServices India Pvt. Ltd. Company having FDI to set up White Label ATMs. Nil… Read More
Raising Money through Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification
RBI/2013-14/115 DNBS(PD) CC No.349/03.10.001/2013-14 July 02, 2013 All NBFCs (including PDs) Dear Sirs Raising Money through Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification Please refer to our circular DNBS (PD) CC No.330/03.10.001/2012-13 dated June 27, 2013. 2. We have received a number of queries in the matter from the industry. The main refrain of the sector… Read More
Capital Requirements for Banks™ Exposures to Central Counterparties
RBI/2013-14/113 DBOD.No.BP.BC.28 /21.06.201/2013-14 July 2, 2013 The Chairman and Managing Director/ Chief Executives Officer of All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam / Dear Sir, Capital Requirements for Banks™ Exposures to Central Counterparties Please refer to the paragraph 77 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013.… Read More
RBI discloses the names of applicants for new bank licences in the private sector
The Reserve Bank of India in all received 26 (twenty six) applications. The names of the applicants are: Aditya Birla Nuvo Ltd., Mumbai. Bajaj Finserv Ltd., Pune. Bandhan Financial Services Pvt. Ltd., Kolkata. Department of Posts, New Delhi. Edelweiss Financial Services Limited, Mumbai. IDFC Limited, Mumbai. IFCI Limited, New Delhi. Indiabulls Housing Finance Limited, New… Read More
Disinvestment of 4.01% Government of India Shareholding in HCL through OFS Method; Approximate Gross Receipts would be Rs. 260 Crore.
The Cabinet Committee on Economic Affairs (CCEA), in its meeting held on 14.9.2012, had approved disinvestment of 9.59% paid up equity capital of Hindustan Copper Limited (HCL) through the Offer for Sale through Stock Exchange mechanism (OFS). The second tranche for sale of 4.01% of the share of HCL through the Offer for Sale (OFS) route was… Read More
National Cyber Security Policy Released
Shri Kapil Sibal, Union Minister for Communications and IT released the National Cyber Security Policy, here today. Speaking on the occasion, he underlined that this policy should be seen as about protecting of information, such as personal information, financial/banking information, sovereign data etc. He said that information empowers, and in order to empower people with… Read More
CA Day: 65th Year of Institute of Chartered Accountants of India
The Institute of Chartered Accountants of India ; To Set Newer Benchmarks While Taking Accountancy Beyond Professional ; Footprints During ITS 65th Year of Existence The Institute of Chartered Accountants of India (ICAI), India™s premier and world™s second largest accounting body, has entered its 65th year of existence. The Institute celebrated its 64th Foundation Day here yesterday… Read More
Services Provided to Special Economic Zone (SEZ) Authorised Operations Exempted From Service Tax
The Central Government has decided to exempt the services on which service tax is leviable under section 66B of the said Act, received by a unit located in a Special Economic Zone (hereinafter referred to as SEZ Unit) or Developer of SEZ ( hereinafter referred to as the Developer) and used for the authorised operation from… Read More
Notification as amended upto June 30, 2013 Non-Banking Financial Companies Auditor™s Report (Reserve Bank) Directions, 2008.
RBI/2013-14/36 DNBS (PD) CC No.334/03.02.001/2013-14 July 1, 2013 To The Chairman/CEOs of all Non-Banking Financial Companies (except Residuary Non-Banking Companies and Miscellaneous Non-Banking Companies) Dear Sirs, Notification as amended upto June 30, 2013 Non-Banking Financial Companies Auditor™s Report (Reserve Bank) Directions, 2008. As you are aware, in order to have all current instructions on the… Read More
Notification as amended upto June 30, 2013 Non-Banking Financial (Non – Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007
RBI-2013-14/35 DNBS (PD) CC No.333/03.02.001/2013-14 July 1, 2013 To The Chairman / CEOs of all Non-Banking Financial (Non - Deposit Accepting or Holding) Companies Dear Sirs, Notification as amended upto June 30, 2013 Non-Banking Financial (Non - Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 As you are aware, in order to… Read More
Notification as amended upto June 30, 2013 Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007
RBI/2013-14/34 DNBS (PD) CC No.332/03.02.001/ 2013-14 July 1, 2013 To The Chairman / CEOs of all Non-Banking Financial (Deposit Accepting or Holding) Companies and Residuary Non-Banking Companies Dear Sirs, Notification as amended upto June 30, 2013 Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 As you are aware, in order… Read More
Notification as amended upto June 30, 2012 Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998
RBI/2013-14/33 DNBS (PD) CC No 331/03.02.001/2013-14 July 1, 2013 To The Chairman/CEOs of all Non-Banking Financial Companies (except Residuary Non-Banking Companies and Miscellaneous Non-Banking Companies) Dear Sirs, Notification as amended upto June 30, 2012 Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998 As you are aware, in order to have all current… Read More
Master Circular on Frauds- Classification and Reporting
RBI/2013-14/32 UBD.CO. BPD . MC.No. 17 /12.05.001/2013-14 July 1, 2013 Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir/Madam, Master Circular on Frauds- Classification and Reporting Please refer to our Master Circular UBD.BPD. MC. No. 17 /12.05.001/ 2012-13 dated July 2, 2012 on the captioned subject (available at RBI website www.rbi.org.in). The enclosed Master Circular consolidates and updates… Read More
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