RBI Update - Foreign Exchange Management (Overseas Investment) Directions, 2022 - Investments in Overseas Funds
The following amendments are carried out in the Foreign Exchange Management (Overseas Investment) Directions, 2022: (a) Existing Paragraph 1(ix)(e) of FEM (OI) Directions, 2022 is replaced with the following: “…
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RBI Update - Amendment to Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016
It has been decided to revise the definition of bulk deposits for all Scheduled Commercial Banks (excluding RRBs), Small Finance Banks and Local Area Banks. The term “Bulk Deposit” would now mean: Single Rupee ter…
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RBI Update - Instructions on Money Changing Activities
Full Fledged Money Changers (FFMCs)/non-bank Authorised Dealers (ADs) Category-II may obtain their normal business requirements of foreign currency notes from other FFMCs and Authorised Dealers (ADs) in India. Further, t…
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RBI Update - Internal Review – Interim Recommendations – Withdrawal of Circulars
The following circular has been withdrawn: S. No. Circular No. Date Subject 1 DOS.No.BC.2/16.13.100/95 March 22, 1995 Meeting of Compliance Officers 2 DOS.No.BC.24/08.91.021/96 December 30, 1996 Internal Organisatio…
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RBI Update - Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024
RBI has issued the circular for the Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024They shall come into force with effect from the date of their publication in the Official Gazette. Amendm…
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RBI Update - Margin for Derivative Contracts
RBI has issued Directions shall be called the Reserve Bank of India (Margin for Derivative Contracts) Directions, 2024. Authorised Dealers may: (i) Post and collect margin, in India and outside India, for a per…
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RBI Update - Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024
RBI has issued Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024.These Directions shall come into force on November 08, 2024. Applicability (1) The …
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RBI Update - Master Direction – Risk Management and Inter-Bank Dealings: Amendments
Standalone Primary Dealers (SPDs) have been granted authorisation under Section 10(1) of the Foreign Exchange Management Act (FEMA), 1999 pursuant to notification no. D-19 July 27, 2018. Accordingly, amendments are being…
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RBI Update - Guidance Note on Operational Risk Management and Operational Resilience
In view of the foregoing, the Reserve Bank, through this Guidance Note on Operational Risk Management and Operational Resilience (hereafter ‘Guidance Note’) intends to: promote and further improve the effectiveness of Op…
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RBI updates - Fair Practices Code for Lenders – Charging of Interest
Fair Practices Code for Lenders – Charging of Interest The guidelines on Fair Practices Code issued to various Regulated Entities (REs) since 2003, inter-alia, advocate fairness and transparency in charging of interest b…
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