RBI Archive

RBI issues Master Direction on Foreign investment in India

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RBI issues Master Direction on Foreign investment in India Foreign Investment in India is regulated in terms of clause (b) sub-section 3 of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (FEMA) read with Foreign Exchange Management (Transfer or Issue of a Security by a

 

RBI clarification-news about closure of some PSB due to placement under Prompt Corrective Action (PCA) framework

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RBI clarification-news about closure of some PSB due to their being placed under the Prompt Corrective Action (PCA) framework Reserve Bank of India December 22, 2017 RBI Clarification on Banks under Prompt Corrective Action The Reserve Bank of India has come across some misinformed communication circulating in some section

 

Co-operative societies not authorised to use word “Bank” in their names by BR Act – RBI

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Co-operative societies not authorised to use word “Bank” in their names by BR Act 1949. RBI Cautions public, DICGC insurance also not available on their deposits RESERVE BANK OF INDIA November 29, 2017 Caution against various Co-operative societies using the word “Bank” in their names It has come to

 

Foreign Exchange Management Transfer or Issue of Security by a Person Resident Outside India Regulations 2017-RBI Notification

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Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 RBI has notified the said Regulations which seek to regulate investment in India by a Person Resident Outside India. The Regulations supersedes of Notification No. FEMA 20/2000-RB and Notification No. FEMA 24/2000-RB both

 

RBI clarifies that linking Aadhaar to bank accounts is mandatory

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RBI clarifies that linking Aadhaar to bank accounts is mandatory. Some news items quoting RTI reply had mentioned that Aadhaar linkage not mandatory. Reserve Bank of India October 21, 2017 RBI clarifies that linking Aadhaar to bank accounts is mandatory Some news items have appeared in a section of

 

NOF for ARCs shall be minimum Rupees 100 Crore – RBI

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NOF for ARCs shall be minimum Rupees 100 Crore. ARCs already registered with RBI have to achieve the prescribed minimum NOF level latest by March 31, 2019  RESERVE BANK OF INDIA (Department of Non-Banking Regulation) NOTIFICATION Mumbai, the 28th April, 2017 Notification DNBR (PD-ARC) No. 05 /ED(SS)-2017.—In exercise of the

 

Restrictions on banks holding and investment. Amendments to RBI Master Direction

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Restrictions on banks holding and investment. Amendments to RBI Master Direction Reserve Bank of India Amendments to Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 RBI/2017-18/66 DBR.No.FSD.BC.89/24.01.040/2017-18 September 25, 2017 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Amendments to Master Direction- Reserve