Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2011-12/181 REF.No.MPD.BC.348/07.01.279/2011-12 To All Scheduled Banks [excluding Regional Rural Banks(RRBs) ] and Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities for Banks and Primary Dealers Please refer to the Mid-Quarter Monetary Policy Review of September 16, 2011, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points… Read More
Gift in Rupees by Resident Individuals to NRI close relatives
RBI/2011-12/179 A.P. (DIR Series) Circular No. 17 To All Banks Authorised to Deal in Foreign Exchange Madam / Sir, Gift in Rupees by Resident Individuals to NRI close relatives Attention of the Authorised Dealer (AD) banks is invited to A.P. (DIR Series) Circular No. 24 dated December 20, 2006 and A.P. (DIR Series) Circular No. 9 dated September… Read More
Loans in Rupees by resident individuals to NRI close relatives
RBI/2011-12/180 A.P. (DIR Series) Circular No. 18 To All Banks Authorised to Deal in Foreign Exchange Madam / Sir, Loans in Rupees by resident individuals to NRI close relatives Attention of the Authorised Dealer (AD) banks is invited to Regulation 7 of the Notification No. FEMA 4/2000 dated May 3, 2000, viz. Foreign Exchange Management (Borrowing and… Read More
Repayment of loans of Non-resident close relatives by residents
RBI/2011-12/183 A.P. (DIR Series) Circular No. 19 To All Banks Authorised to Deal in Foreign Exchange Madam / Sir, Repayment of loans of Non-resident close relatives by residents Attention of the AD banks is invited to Regulation 8 (d) of the FEMA Notification No.4/2000- RB dated May 3, 2000 viz. Foreign Exchange Management (Borrowing and Lending in… Read More
Liquidity Adjustment Facility Repo and Reverse Repo and Marginal Standing Facility Rates
RBI/2011-2012/182 FMD.MOAG. No.63/01.01.01/2011-12 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility Repo and Reverse Repo and Marginal Standing Facility Rates As announced today in the Mid-Quarter Monetary Policy Review, September 2011, it has been decided to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points… Read More
Meeting of Medical expenses of NRIs close relatives by Resident Individuals
RBI/2011-12/184 A.P. (DIR Series) Circular No. 20 To All Banks Authorised to Deal in Foreign Exchange Madam / Sir, Meeting of Medical expenses of NRIs close relatives by Resident Individuals Attention of Authorised Dealer (AD) banks is invited to para 2 of the Notification No. FEMA 16/RB-2000 dated May 3, 2000 viz. Receipt from and Payment to,… Read More
Relief measures regarding National Small Savings Fund (NSSF)
The Union Cabinet today approved the proposal of Ministry of Finance to withdraw the reduced interest rate of 9% in respect of National Small Savings Fund (NSSF) loans in case a State deviates from the targets in the FRBM Act of the State and to restore the original interest rate from the year 2012-13. The… Read More
Credit of sale proceeds of Foreign Direct Investments in India to NRE/FCNR (B) accounts – Clarification
RBI/2011-12/177 A.P. (DIR Series) Circular No.16 To All Banks Authorised to Deal in Foreign Exchange Madam / Sir, Credit of sale proceeds of Foreign Direct Investments in India to NRE/FCNR (B) accounts - Clarification Attention of the Authorised Dealer (AD) banks is invited to Regulation 11 of the Notification No. FEMA 20/2000-RB dated May 3, 2000 viz.… Read More
Exchange Earners Foreign Currency (EEFC) Account and Resident Foreign Currency (RFC) account Joint holder – liberalisation
RBI/2011-12/176 A.P. (DIR Series) Circular No. 15 To All Banks Authorised to Deal in Foreign Exchange Madam / Sir, Exchange Earners Foreign Currency (EEFC) Account and Resident Foreign Currency (RFC) account Joint holder - liberalisation Attention of the Authorised Dealer (AD) banks is invited to the Regulation 4 and 5 of the Notification No. FEMA 10/2000-RB… Read More
Foreign Investments in India – Transfer of security by way of gift Liberalisation
RBI/2011-12/175 A.P. (DIR Series) Circular No. 14To All Banks Authorised to Deal in Foreign Exchange Madam / Sir, Foreign Investments in India - Transfer of security by way of gift Liberalisation Attention of the Authorised Dealer (AD) banks is invited to the Regulation 10 A (a) of the Notification No. FEMA 20/2000-RB dated 3rd May 2000 viz.… Read More
NRIs/PIOs holding NRE/ FCNR(B) accounts jointly with Indian resident close relative – liberalisation
RBI/2011-12/174 A.P. (DIR Series) Circular No. 13 To All Banks Authorised to Deal in Foreign Exchange Madam / Sir, NRIs/PIOs holding NRE/ FCNR(B) accounts jointly with Indian resident close relative - liberalisation Attention of the Authorised Dealer (AD) banks is invited to Schedules 1 and 2 of FEMA Notification No. 5/2000-RB dated May 3, 2000 viz. Foreign Exchange… Read More
Savings Bank account maintained by residents in India Joint holder – liberalisation
RBI/2011-12/173 A.P. (DIR Series) Circular No. 12 To All Banks Authorised to Deal in Foreign Exchange Madam / Sir, Savings Bank account maintained by residents in India Joint holder - liberalisation Attention of Authorised Dealer (AD) banks is invited to Regulation 2(vi) of FEMA Notification No. 5 dated May 3, 2000 in terms of which Non-Resident Indian… Read More
President Calls for Speedier Development of it Software Applications in Hindi
Hindi Day was celebrated with the President of India, Smt. Pratibha Devisingh Patil as the Chief Guest, in New Delhi today. Dr. Devisingh Ramsingh Shekhawat, the President™s spouse also graced the occasion. Union Home Minister Shri P. Chidambaram presided over the function. The Ministers of State, Ministry of Home Affairs, Shri Mullappally Ramachandran and Shri… Read More
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