Category: RBI
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 …
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 …
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 …
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 …
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 …
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- …
Developments in Indias Balance of Payments during 1st Quarter April-June 2017-18. Key Features of India’s BoP in Q1 of 2017-18 September 15, 2017 Developments in India’s Balance of Payments during the First Quarter (April-June) of 2017-18 Preliminary data on India’s balance of payments (BoP) for the first quarter …
Agriculture loan waiver schemes estimated at Rs 2.2 lakh crore to Rs 4.2 lakh crore based on scenario-based analysis of possible size of debt waiver using account level data on bank credit. Reserve Bank of India Date : Sep 11, 2017 Mint Street Memos The Reserve Bank of India today …
Counting of Specified Bank Notes-RBI says it uses hi-tech machines. Press had reported that RBI was not using machines for counting SBNs Reserve Bank of India September 10, 2017 RBI says it uses sophisticated machines for processing currency notes It has been reported in a section of the …
RBI Annual Report 2016-17. Notwithstanding, Headwinds from global slowdown and transient impact of demonetisation Indian economy demonstrated resilience RBI releases its Annual Report for 2016-17 The Reserve Bank of India has released its Annual Report for 2016-17, a statutory report of its Central Board of Directors.
