Notifications

Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated May 07, 2012 NOTIFICATION Auction for Sale (Re-issue) of ‘8.33 per cent Government Stock, 2036’ F. No.4 (5)-W&M/2012(iii): Government of India hereby notifies sale (reissue) of ‘8.33 per cent Government Stock, 2036’ (hereinafter called 'the Stock') for an aggregate amount of Rs. 2,000 crore (nominal). The sale will be subject to the terms and conditions spelt ou

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/2011-12/538 DBOD. AML. No. 16590/14.06.001/2011-12 May 7, 2012 The Chairmen / CEOs of all Scheduled@@NBSP@@ @@NBSP@@Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBOD. AML No. 15434/14.06.001/2011-12 dated April 16, 2012. We have since received from Government o

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/2011-12/536 A. P. (DIR Series) Circular No.117 May 07, 2012 To All Authorised Dealer banks and Authorised banks Madam/Sir, Transfer of Funds from Non-Resident Ordinary (NRO) account to Non- Resident External (NRE) Account The Committee to Review the Facilities for Individuals Under FEMA, 1999 (Chairperson : Smt. K.J.Udeshi) has recommended that the NRIs/PIOs may be permitted, subject to payment of applicable taxes, to transfer repatriable funds from their NRO acco

RBI/2011-12/540 DBOD.No.BP.BC-103/21.04.177/2011-12 May 07, 2012 The Chairman and Managing Director / Chief Executive Officer of All Scheduled Commercial Banks (Excluding RRBs and Local Area Banks) and All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Revisions to the Guidelines on Securitisation Transactions Please refer to the paragraph 107 (extract enclosed) of the Monetary Policy Statement@@NBSP@@ 2012-13 announced on

Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated May 07, 2012 NOTIFICATION Auction for Sale (Re-issue) of ‘8.79 per cent Government Stock, 2021’ F. No.4 (5)-W&M/2012(i): Government of India hereby notifies sale (reissue) of ‘8.79 per cent Government Stock, 2021’ (hereinafter called 'the Stock') for an aggregate amount of Rs. 7,000 crore (nominal). The sale will be subject to the terms and conditions spelt out

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/2011-12/532 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/2011-12/535 DBOD.Dir.BC. 102/13.03.00/2011-12 May 4, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Interest Rates on FCNR(B) Deposits Please refer to paragraph 2 of our circular No.DBOD.Dir.BC.59/13.03.00/2011-12 dated November 23, 2011 on Interest Rates on Deposits held in FCNR(B) Accounts. In view of the prevailing market conditions, it has been decided that until further notice and with effect from the close of business in India as on May