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RBI Archives - All About Finance https://taxclick.org/tag/rbi/ Thu, 10 Nov 2016 15:29:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://taxclick.org/wp-content/uploads/2021/11/favicon.png RBI Archives - All About Finance https://taxclick.org/tag/rbi/ 32 32 Policy Liberalisation by Reserve Bank of India to Give Boost to Start Up https://taxclick.org/type/fema/policy-liberalisation-reserve-bank-india-give-boost-start/?utm_source=rss&utm_medium=rss&utm_campaign=policy-liberalisation-reserve-bank-india-give-boost-start https://taxclick.org/type/fema/policy-liberalisation-reserve-bank-india-give-boost-start/#respond Thu, 10 Nov 2016 15:14:26 +0000 https://taxclick.org/?p=3653 Startup India is a flagship initiative of the Government of India, intended to build a strong Eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. Vide Notification No. GSR 180(E) dated February 17, 2016 issued by Department of Industrial Policy and Promotion, Ministry ... Read more

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]]> https://taxclick.org/type/fema/policy-liberalisation-reserve-bank-india-give-boost-start/feed/ 0 RBI constituted High Powered Committee on Urban Co-operative Banks https://taxclick.org/type/banking/rbi-constituted-high-powered-committee-on-urban-co-operative-banks/?utm_source=rss&utm_medium=rss&utm_campaign=rbi-constituted-high-powered-committee-on-urban-co-operative-banks https://taxclick.org/type/banking/rbi-constituted-high-powered-committee-on-urban-co-operative-banks/#respond Sun, 01 Feb 2015 18:30:00 +0000 The Reserve Bank of India has constituted a High Powered Committee under the Chairmanship of Shri R.Gandhi, Deputy Governor, Reserve Bank of India to re-examine and recommend appropriate set of businesses, size, conversion and licensing terms for the Urban Cooperative Banking Sector. This was pursuant to the recommendation made by the Standing Advisory Committee (SAC) ... Read more

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]]> https://taxclick.org/type/banking/rbi-constituted-high-powered-committee-on-urban-co-operative-banks/feed/ 0 RBI stops the banks from asking ‘No Due Certificate’ from the individual borrowers in rural and semi-urban areas https://taxclick.org/type/banking/rbi-stops-the-banks-from-asking-no-due-certificate-from-the-individual-borrowers-in-rural-and-semi-urban-areas/?utm_source=rss&utm_medium=rss&utm_campaign=rbi-stops-the-banks-from-asking-no-due-certificate-from-the-individual-borrowers-in-rural-and-semi-urban-areas https://taxclick.org/type/banking/rbi-stops-the-banks-from-asking-no-due-certificate-from-the-individual-borrowers-in-rural-and-semi-urban-areas/#respond Wed, 28 Jan 2015 18:30:00 +0000 RBI/2014-15/430FIDD.CO.LBS.BC.No.49/02.01.001/2014-15 January 28, 2015 The Chairmen & Managing Directors All Scheduled Commercial Banks (including RRBs) Dear Sir/Madam, Dispensing with ‘No Due Certificate’ for lending by banks Please refer to our circular RPCD.LBS (SAA).BC.No.62/08.01.00/2004-05 dated December 8, 2004 on Relaxation in Service Area norms. Further, in terms of circular RPCD.PLFS.BC.No.85/05.04.02/2006-07 dated April 30, 2007 on ‘Simplification of the Procedures and ... Read more

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]]> https://taxclick.org/type/banking/rbi-stops-the-banks-from-asking-no-due-certificate-from-the-individual-borrowers-in-rural-and-semi-urban-areas/feed/ 0 RBI reduced repo rate by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect https://taxclick.org/type/banking/rbi-reduced-repo-rate-by-25-basis-points-from-8-0-per-cent-to-7-75-per-cent-with-immediate-effect/?utm_source=rss&utm_medium=rss&utm_campaign=rbi-reduced-repo-rate-by-25-basis-points-from-8-0-per-cent-to-7-75-per-cent-with-immediate-effect https://taxclick.org/type/banking/rbi-reduced-repo-rate-by-25-basis-points-from-8-0-per-cent-to-7-75-per-cent-with-immediate-effect/#respond Wed, 14 Jan 2015 18:30:00 +0000 Since July 2014, inflationary pressures (measured by changes in the consumer price index) have been easing. The path of inflation, while below the expected trajectory, has been consistent with the assessment of the balance of risks in the Reserve Bank’s bi-monthly monetary policy statements. To some extent, lower than expected inflation has been enabled by ... Read more

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]]> https://taxclick.org/type/banking/rbi-reduced-repo-rate-by-25-basis-points-from-8-0-per-cent-to-7-75-per-cent-with-immediate-effect/feed/ 0 The format for certification of agency commission claims by external auditors (Chartered Accountants) https://taxclick.org/type/banking/the-format-for-certification-of-agency-commission-claims-by-external-auditors-chartered-accountants/?utm_source=rss&utm_medium=rss&utm_campaign=the-format-for-certification-of-agency-commission-claims-by-external-auditors-chartered-accountants https://taxclick.org/type/banking/the-format-for-certification-of-agency-commission-claims-by-external-auditors-chartered-accountants/#respond Wed, 07 Jan 2015 18:30:00 +0000 RBI/2014-15/394DGBA.GAD.No.H -2995/31.12.010/2014-15 January 7, 2015 The Chairman / Chief Executive OfficerAll agency banks Dear Sir / Madam Payment of agency commission – Certification of claims by external auditors Please refer to our circular DGBA.GAD.No.2528/31.12.010 (C)/2012-13 dated October 31, 2012 prescribing the format for certification of agency commission claims by external auditors (Chartered Accountants). The certificate ... Read more

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]]> https://taxclick.org/type/banking/the-format-for-certification-of-agency-commission-claims-by-external-auditors-chartered-accountants/feed/ 0 The Boards of banks should constitute a Special Committee for monitoring and following up cases of frauds involving amounts of Rs.1 crore and above https://taxclick.org/type/banking/the-boards-of-banks-should-constitute-a-special-committee-for-monitoring-and-following-up-cases-of-frauds-involving-amounts-of-rs-1-crore-and-above/?utm_source=rss&utm_medium=rss&utm_campaign=the-boards-of-banks-should-constitute-a-special-committee-for-monitoring-and-following-up-cases-of-frauds-involving-amounts-of-rs-1-crore-and-above https://taxclick.org/type/banking/the-boards-of-banks-should-constitute-a-special-committee-for-monitoring-and-following-up-cases-of-frauds-involving-amounts-of-rs-1-crore-and-above/#respond Wed, 07 Jan 2015 18:30:00 +0000 RBI/2014-15/393DCBR.BPD PCB Cir. No.10/12.05.001/2014-15 January 7, 2015 The Chief Executive OfficerAll Primary (Urban) Co-operative Banks Madam / Dear Sir, Monitoring of Large Value Frauds by the Board of Directors Please refer to our circular UBD.No.Plan.(PCB).9/09.06.00-94/95 dated July 25,1994 advising all UCBs to constitute an apex level Audit Committee of Board (ACB). ACB may consist of ... Read more

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]]> https://taxclick.org/type/banking/the-boards-of-banks-should-constitute-a-special-committee-for-monitoring-and-following-up-cases-of-frauds-involving-amounts-of-rs-1-crore-and-above/feed/ 0 Security for External Commercial Borrowings – RBI Circular https://taxclick.org/type/banking/security-for-external-commercial-borrowings-rbi-circular/?utm_source=rss&utm_medium=rss&utm_campaign=security-for-external-commercial-borrowings-rbi-circular https://taxclick.org/type/banking/security-for-external-commercial-borrowings-rbi-circular/#respond Thu, 01 Jan 2015 18:30:00 +0000 RBI/2014-15/377                                                       A.P. (DIR Series) Circular No. 55                                                           January 01, 2015 To All Authorised Dealer Category-I Banks Madam/ Sir Security for External Commercial Borrowings Attention of Authorised Dealers Category-I ... Read more

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]]> https://taxclick.org/type/banking/security-for-external-commercial-borrowings-rbi-circular/feed/ 0 Revised format of reporting for representative Offices of Foreign Banks in India https://taxclick.org/type/banking/revised-format-of-reporting-for-representative-offices-of-foreign-banks-in-india/?utm_source=rss&utm_medium=rss&utm_campaign=revised-format-of-reporting-for-representative-offices-of-foreign-banks-in-india https://taxclick.org/type/banking/revised-format-of-reporting-for-representative-offices-of-foreign-banks-in-india/#respond Wed, 31 Dec 2014 18:30:00 +0000 RBI/2014-15/374DBR.IBD.No.9745/23.13.001/2014-15 December 31, 2014 The Chief RepresentativeAll Representative Offices of Foreign Banks in India Madam/Dear Sir, Revised format of reporting – Representative Offices of Foreign Banks in India Representative Offices of foreign banks in India are currently required to submit information/documents on an annual basis to Reserve Bank of India as under: a certificate from ... Read more

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]]> https://taxclick.org/type/banking/revised-format-of-reporting-for-representative-offices-of-foreign-banks-in-india/feed/ 0 RBI liberalize certain regulations of Overseas Direct Investments by Indian Party https://taxclick.org/type/investment/rbi-liberalize-certain-regulations-of-overseas-direct-investments-by-indian-party/?utm_source=rss&utm_medium=rss&utm_campaign=rbi-liberalize-certain-regulations-of-overseas-direct-investments-by-indian-party https://taxclick.org/type/investment/rbi-liberalize-certain-regulations-of-overseas-direct-investments-by-indian-party/#respond Mon, 29 Dec 2014 18:30:00 +0000 RBI/2014-15/371A.P. (DIR Series) Circular No.54 December 29, 2014 To All Category – I Authorised Dealer Banks Madam / Sir, Overseas Direct Investments by Indian Party – Rationalization / Liberalization Attention of the Authorised Dealer (AD – Category I) bank is invited to Regulation 18 and 18A of Notification No. FEMA.120/RB-2004 dated July 7, 2004 [Foreign Exchange Management ... Read more

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]]> https://taxclick.org/type/investment/rbi-liberalize-certain-regulations-of-overseas-direct-investments-by-indian-party/feed/ 0 RBI cancelled the certificate of registration of two NBFCs https://taxclick.org/type/banking/rbi-cancelled-the-certificate-of-registration-of-two-nbfcs/?utm_source=rss&utm_medium=rss&utm_campaign=rbi-cancelled-the-certificate-of-registration-of-two-nbfcs https://taxclick.org/type/banking/rbi-cancelled-the-certificate-of-registration-of-two-nbfcs/#respond Tue, 23 Dec 2014 18:30:00 +0000 The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr.No. Company’s Name Address of Registered Office Certificate of RegistrationNo. & Date Date ofcancellation 1. Kabra Commercial ... Read more

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