Category: RBI
Individual travelling from India to Nepal/Bhutan can carry notes of Mahatma Gandhi (new) Series of denominations Rs. 200/- and/or 500/- up to Rs. 25,000 RESERVE BANK OF INDIA(Foreign Exchange Department)(CENTRAL OFFICE) NOTIFICATION Mumbai, the 26th February, 2019 Foreign Exchange Management (Export and import of Currency) (Amendment) Regulations, 2019 …
RBI has decided to merge the three categories of NBFCs viz. AFC, LCs and ICs into a new category called NBFC-Investment and Credit Company (NBFC-ICC) Over a period of time, evolution of the NBFC sector has resulted in several categories of NBFCs intended to focus on specific sector/ …
External Commercial Borrowings (ECB) Policy – ECB facility for Resolution Applicants under Corporate Insolvency Resolution Process In terms of RBI “External Commercial Borrowings (ECB) Policy – New ECB Framework”, ECB proceeds could not be utilised for repayment of domestic Rupee loans, except when the ECB is availed from …
Kisan Credit Card facility for Animal Husbandry farmers and Fisheries In the Budget 2018-19 the Union Government had announced their decision to extend the facilities of Kisan Credit Card (KCC) to Animal Husbandry farmers and Fisheries (AH & F) to help them meet their working capital requirements. In …
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2019 RESERVE BANK OF INDIA(Foreign Exchange Department)(CENTRAL OFFICE) NOTIFICATIONMumbai, the 31st January, 2019 No. FEMA. 20(R) (6)/2019-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2019 …
RBI launches Ombudsman Scheme for Digital Transactions 2019 The Reserve Bank of India (RBI) has launched the Ombudsman Scheme for Digital Transactions (OSDT) 2019 for redressal of complaints against System Participants as defined in the said Scheme. The Scheme, launched under Section 18 of the Payment and Settlement Systems Act, 2007, …
RBI permits one-time restructuring of existing loans to MSMEs RBI has decided to permit a one-time restructuring of existing loans to MSMEs that are in default but ‘standard’ as on January 1, 2019, without an asset classification downgrade. As per Press Release of RBI, the issue of restructuring …
Transfer of RBI Profits to Govt-RBI constitutes an Expert Committee to review the extant Economic Capital Framework. As decided by the Central Board of Reserve Bank of India (RBI) in its meeting held on November 19, 2018, the RBI has constituted an Expert Committee to review the extant …
NCFE has invited entries for the Logo design and Tagline design competition. The National Centre for Financial Education (NCFE) was setup in 2013 with support from all the financial sector regulators i.e., RBI, SEBI, IRDAI and PFRDA for implementation of the National Strategy for Financial Education (NSFE). It …
RBI launches December 2018 Round of Consumer Confidence Survey (CCS) and Inflation Expectations Survey of Households (IESH) The Reserve Bank of India has launched conducting Consumer Confidence Survey (CCS) and Inflation Expectations Survey of Households (IESH) for December 2018 round. While the CCS seeks qualitative responses from households, regarding …