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Notifications
மே 15, 2012
Foreign investment in NBFC Sector under the FDI Scheme - Clarification
RBI/2011-12/562 A.P. (DIR Series) Circular No. 127 May 15, 2012 @@NBSP@@To All Category - I Authorised Dealer Banks Madam / Sir, Foreign investment in NBFC Sector under the Foreign Direct Investment (FDI) Scheme - Clarification Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to A.P. (Dir Series) Circular No.121 dated May 8, 2012. 2. The Reserve Bank of India has been receiving requests for clarifications as to whether ‘operating leases’
RBI/2011-12/562 A.P. (DIR Series) Circular No. 127 May 15, 2012 @@NBSP@@To All Category - I Authorised Dealer Banks Madam / Sir, Foreign investment in NBFC Sector under the Foreign Direct Investment (FDI) Scheme - Clarification Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to A.P. (Dir Series) Circular No.121 dated May 8, 2012. 2. The Reserve Bank of India has been receiving requests for clarifications as to whether ‘operating leases’
மே 14, 2012
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
RBI/2011-12/561 A.P. (DIR Series) Circular No. 126 May 14, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 105 dated April 10, 2012 , wherein the Rupee value of the Special Currency Basket was indicated as Rs. 70.965327 effective fr
RBI/2011-12/561 A.P. (DIR Series) Circular No. 126 May 14, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 105 dated April 10, 2012 , wherein the Rupee value of the Special Currency Basket was indicated as Rs. 70.965327 effective fr
மே 10, 2012
Risk Management and Inter Bank Dealings
RBI/2011-12/546 A.P. (DIR Series) Circular No.123 May 10, 2012 To, All Authorised Dealer Category - I Banks Madam / Sir, Risk Management and Inter Bank Dealings Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to A.P. (DIR Series) Circular No.58 dated December 15, 2011 on the captioned subject. 2. In terms of the above circular, Intra-day open position / daylight limit of Authorised Dealers should not exceed the erstwhile Net Overnight O
RBI/2011-12/546 A.P. (DIR Series) Circular No.123 May 10, 2012 To, All Authorised Dealer Category - I Banks Madam / Sir, Risk Management and Inter Bank Dealings Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to A.P. (DIR Series) Circular No.58 dated December 15, 2011 on the captioned subject. 2. In terms of the above circular, Intra-day open position / daylight limit of Authorised Dealers should not exceed the erstwhile Net Overnight O
மே 10, 2012
Exim Bank's Line of Credit to the Government of the Republic of Mozambique
RBI/2011-12/549 A. P. (DIR Series) Circular No.125 May 10, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 13 million to the Government of the Republic of Mozambique Export-Import Bank of India (Exim Bank) has concluded an Agreement dated September 1, 2011 with the Government of the Republic of Mozambique, making available to the latter, a Line of Credit (LOC) of USD 13 million (USD thirteen million) for the purpose of f
RBI/2011-12/549 A. P. (DIR Series) Circular No.125 May 10, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 13 million to the Government of the Republic of Mozambique Export-Import Bank of India (Exim Bank) has concluded an Agreement dated September 1, 2011 with the Government of the Republic of Mozambique, making available to the latter, a Line of Credit (LOC) of USD 13 million (USD thirteen million) for the purpose of f
மே 09, 2012
Risk Management and Inter Bank Dealings
RBI/2011-12/545 A. P. (DIR Series) Circular No. 122 May 09, 2012 To, @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@All Authorised Dealer Category - I Banks Madam / Sir, Risk Management and Inter Bank Dealings Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to A.P. (DIR Series) Circular No.92 dated April 4, 2003 on the captioned subject. 2. In terms of paragraph C 4(iv) of the aforesaid circular, AD banks have been permitted to deploy foreign
RBI/2011-12/545 A. P. (DIR Series) Circular No. 122 May 09, 2012 To, @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@All Authorised Dealer Category - I Banks Madam / Sir, Risk Management and Inter Bank Dealings Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to A.P. (DIR Series) Circular No.92 dated April 4, 2003 on the captioned subject. 2. In terms of paragraph C 4(iv) of the aforesaid circular, AD banks have been permitted to deploy foreign
மே 08, 2012
FDI in India - Issue of equity shares under the FDI scheme allowed under the Government route
RBI/2011-12/541 A. P. (DIR Series) Circular No.120 May 08, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI scheme allowed under the Government route Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to the A.P. (DIR Series) Circular No. 74 dated June 30, 2011, and A.P. (DIR Series) Circular No. 55 dated December 09, 2011, on issue of equity shares/
RBI/2011-12/541 A. P. (DIR Series) Circular No.120 May 08, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI scheme allowed under the Government route Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to the A.P. (DIR Series) Circular No. 74 dated June 30, 2011, and A.P. (DIR Series) Circular No. 55 dated December 09, 2011, on issue of equity shares/
மே 07, 2012
ECB Policy - Utilisation of ECB Proceeds for Rupee Expenditure
RBI/2011-12/539 A. P. (DIR Series) Circular No.119 May 7, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy - Utilization of ECB proceeds for Rupee expenditure Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 5 dated August 1, 2005 and A.P. (DIR Series) Circular No. 52 dated November 23, 2011 relating to External Commercial Borrowings. 2. As per the extant
RBI/2011-12/539 A. P. (DIR Series) Circular No.119 May 7, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy - Utilization of ECB proceeds for Rupee expenditure Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 5 dated August 1, 2005 and A.P. (DIR Series) Circular No. 52 dated November 23, 2011 relating to External Commercial Borrowings. 2. As per the extant
மே 07, 2012
Release of Foreign Exchange for Miscellaneous Remittances
RBI/2011-12/537 A. P. (DIR Series) Circular No.118 May 07, 2012 To All Authorised Dealers in Foreign Exchange Madam/ Sir, Release of Foreign Exchange for Miscellaneous Remittances Attention of Authorised Dealers in foreign exchange is drawn to A.P.(DIR Series) Circular No. 16 dated September 12, 2002, in terms of which the Authorised Dealers were advised to release amounts up to USD 500 or its equivalent for all permissible transactions on the basis of a simple letter
RBI/2011-12/537 A. P. (DIR Series) Circular No.118 May 07, 2012 To All Authorised Dealers in Foreign Exchange Madam/ Sir, Release of Foreign Exchange for Miscellaneous Remittances Attention of Authorised Dealers in foreign exchange is drawn to A.P.(DIR Series) Circular No. 16 dated September 12, 2002, in terms of which the Authorised Dealers were advised to release amounts up to USD 500 or its equivalent for all permissible transactions on the basis of a simple letter
மே 04, 2012
Exim Bank's Line of Credit to the Government of the Democratic Socialist Republic of Sri Lanka
RBI/2011-12/533 A. P. (DIR Series) Circular No.116 May 04, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 382.37 million to the Government of the Democratic Socialist Republic of Sri Lanka Export-Import Bank of India (Exim Bank) has concluded an Agreement dated January 17, 2012 with the Government of the Democratic Socialist Republic of Sri Lanka, making available to the latter, a Line of Credit (LOC) of USD 382.37 mill
RBI/2011-12/533 A. P. (DIR Series) Circular No.116 May 04, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 382.37 million to the Government of the Democratic Socialist Republic of Sri Lanka Export-Import Bank of India (Exim Bank) has concluded an Agreement dated January 17, 2012 with the Government of the Democratic Socialist Republic of Sri Lanka, making available to the latter, a Line of Credit (LOC) of USD 382.37 mill
மே 04, 2012
Exim Bank's Line of Credit to the Government of the Republic of Congo
RBI/2011-12/532 A. P. (DIR Series) Circular No.115 May 04, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 70 million to the Government of the Republic of Congo Export-Import Bank of India (Exim Bank) has concluded an Agreement dated December 14, 2011 with the Government of the Republic of Congo, making available to the latter, a Line of Credit (LOC) of USD 70 million (USD seventy million) for financing eligible goods, s
RBI/2011-12/532 A. P. (DIR Series) Circular No.115 May 04, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 70 million to the Government of the Republic of Congo Export-Import Bank of India (Exim Bank) has concluded an Agreement dated December 14, 2011 with the Government of the Republic of Congo, making available to the latter, a Line of Credit (LOC) of USD 70 million (USD seventy million) for financing eligible goods, s
மே 02, 2012
Exim Bank's Line of Credit to the Government of Republic of Burundi
RBI/2011-12/529 A. P. (DIR Series) Circular No.114 May 02, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 80 million to the Government of the Republic of Burundi Export-Import Bank of India (Exim Bank) has concluded an Agreement dated May 24, 2011 with the Government of the Republic of Burundi, making available to the latter, a Line of Credit (LOC) of USD 80 million (USD Eighty million) for financing eligible goods, mac
RBI/2011-12/529 A. P. (DIR Series) Circular No.114 May 02, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 80 million to the Government of the Republic of Burundi Export-Import Bank of India (Exim Bank) has concluded an Agreement dated May 24, 2011 with the Government of the Republic of Burundi, making available to the latter, a Line of Credit (LOC) of USD 80 million (USD Eighty million) for financing eligible goods, mac
ஏப். 24, 2012
External Commercial Borrowings (ECB) for Civil Aviation Sector
RBI/2011-12/523 A. P. (DIR Series) Circular No. 113 April 24, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) for Civil Aviation Sector Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000 and A.P. (DIR Series) Circular No. 5 dated August 1
RBI/2011-12/523 A. P. (DIR Series) Circular No. 113 April 24, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) for Civil Aviation Sector Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000 and A.P. (DIR Series) Circular No. 5 dated August 1
ஏப். 23, 2012
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Third Amendment) Regulations, 2012
Reserve Bank of India Foreign Exchange Department Central Office Mumbai- 400 001 Notification No. FEMA. 229/ 2012- RB Dated April 23, 2012 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Third Amendment) Regulations, 2012 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the fol
Reserve Bank of India Foreign Exchange Department Central Office Mumbai- 400 001 Notification No. FEMA. 229/ 2012- RB Dated April 23, 2012 Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Third Amendment) Regulations, 2012 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the fol
ஏப். 20, 2012
External Commercial Borrowings (ECB) Policy - Liberalisation and Rationalisation
RBI/2011-12/519 A. P. (DIR Series) Circular No. 111 April 20, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Liberalisation and Rationalisation Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000 and A.P. (DIR Series) Circular No
RBI/2011-12/519 A. P. (DIR Series) Circular No. 111 April 20, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Liberalisation and Rationalisation Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000 and A.P. (DIR Series) Circular No
ஏப். 20, 2012
Exim Bank's Line of Credit to the Government of the Republic of Togo
RBI/2011-12/518 A. P. (DIR Series) Circular No. 110 April 20, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 15 million to the Government of the Republic of Togo Export-Import Bank of India (Exim Bank) has concluded an Agreement dated November 23, 2011 with the Government of the Republic of Togo, making available to the latter, a Line of Credit (LOC) of USD 15 million (USD fifteen million) for financing export of eligib
RBI/2011-12/518 A. P. (DIR Series) Circular No. 110 April 20, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 15 million to the Government of the Republic of Togo Export-Import Bank of India (Exim Bank) has concluded an Agreement dated November 23, 2011 with the Government of the Republic of Togo, making available to the latter, a Line of Credit (LOC) of USD 15 million (USD fifteen million) for financing export of eligib
ஏப். 20, 2012
External Commercial Borrowings (ECB) Policy - Refinancing / Rescheduling of ECB
RBI/2011-12/520 A. P. (DIR Series) Circular No. 112 April 20, 2012 To @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Refinancing / Rescheduling of ECB Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide@@NBSP@@Notification No. FEMA 3/2000-
RBI/2011-12/520 A. P. (DIR Series) Circular No. 112 April 20, 2012 To @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Refinancing / Rescheduling of ECB Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide@@NBSP@@Notification No. FEMA 3/2000-
ஏப். 18, 2012
Authorised Dealer Category II - Permission for additional activity and opening of Nostro account
RBI/2011-12/512 A. P. (DIR Series) Circular No. 109 April 18, 2012 To, All Authorised Persons in Foreign Exchange Madam/ Sir, Authorised Dealer Category II – Permission for additional activity and opening of Nostro account Attention of Authorised Persons is invited to Para 3 of A. P. (DIR Series) Circular No. 104@@NBSP@@ dated April 4, 2012 on the captioned subject. 2. Authorised Dealer Category-II entities desirous of opening Nostro accounts may approach the Reserve
RBI/2011-12/512 A. P. (DIR Series) Circular No. 109 April 18, 2012 To, All Authorised Persons in Foreign Exchange Madam/ Sir, Authorised Dealer Category II – Permission for additional activity and opening of Nostro account Attention of Authorised Persons is invited to Para 3 of A. P. (DIR Series) Circular No. 104@@NBSP@@ dated April 4, 2012 on the captioned subject. 2. Authorised Dealer Category-II entities desirous of opening Nostro accounts may approach the Reserve
ஏப். 17, 2012
Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Money changing activities
RBI/2011-12/507 A. P. (DIR Series) Circular No. 107 April 17, 2012 To, All Authorised Persons Madam/ Dear Sir, Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Money changing activities Please refer to our A.P. (DIR Series) Circular No. 77 dated February 15, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction. 2. Financial Action Task Force (FATF) has issued a further Statement on February 16, 2012
RBI/2011-12/507 A. P. (DIR Series) Circular No. 107 April 17, 2012 To, All Authorised Persons Madam/ Dear Sir, Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Money changing activities Please refer to our A.P. (DIR Series) Circular No. 77 dated February 15, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdiction. 2. Financial Action Task Force (FATF) has issued a further Statement on February 16, 2012
ஏப். 17, 2012
AML/CFT Standards - Cross Border Inward Remittance under MTSS
RBI/2011-12/508 A. P. (DIR Series) Circular No. 108 April 17, 2012 To, All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme. Madam/ Dear Sir, Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme Please refer to our A.P. (DIR Series) Circular No. 78 dated February 15, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jur
RBI/2011-12/508 A. P. (DIR Series) Circular No. 108 April 17, 2012 To, All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme. Madam/ Dear Sir, Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme Please refer to our A.P. (DIR Series) Circular No. 78 dated February 15, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jur
ஏப். 12, 2012
Exim Bank's Line of Credit of USD 150 million to the Ecowas Bank for Investment and Development (EBID)
RBI/2011-12/495 A. P. (DIR Series) Circular No. 106 April 12, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 150 million to the Ecowas Bank for Investment and Development (EBID) Export-Import Bank of India (Exim Bank) has concluded an Agreement dated July 21, 2011 with the Ecowas Bank for Investment and Development (EBID), making available to the latter, a Line of Credit (LOC) of USD 150 million (USD one hundred and fif
RBI/2011-12/495 A. P. (DIR Series) Circular No. 106 April 12, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 150 million to the Ecowas Bank for Investment and Development (EBID) Export-Import Bank of India (Exim Bank) has concluded an Agreement dated July 21, 2011 with the Ecowas Bank for Investment and Development (EBID), making available to the latter, a Line of Credit (LOC) of USD 150 million (USD one hundred and fif
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