Reserve Bank – Integrated Ombudsman Scheme, 2021
November 12, 2021 In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949 (10 of 1949), Section 45L of the Reserve Bank of India Act,…
Write-off of debt securities held by FPIs who intend to surrender their registration.
November 08, 2021 To, 1. Foreign Portfolio Investors (“FPIs”) 2. Designated Depository Participants (“DDPs”) and Custodians 3. All Recognized Stock Exchanges/ Clearing Corporations 4. All recognized Stock Exchanges and Clearing…
Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] – Master Direction on Interest Rate on Deposits
November 11, 2021 All Scheduled Commercial Banks (including Regional Rural Banks) All Small Finance Banks All Local Area Banks All Payment Banks All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative…
Navigating the tricky world of borrowings in business.
Loans help meet timely requirements, but consistent monitoring with checks and balances is a must. In business, cash flows are the bedrock indicator of an entity’s financial health. There will…
Common and Simplified Norms for processing investor’s service request by RTAs and norms for furnishing PAN, KYC details and Nomination
November 03, 2021 To All registered Registrars to an Issue and Share Transfer Agents (RTA) All Listed Companies through Recognized Stock Exchanges Recognized Stock Exchanges All Recognized Depositories Depository Participants…
RBI Governor meets MD & CEOs of Public Sector Banks and certain Private Sector Banks over Video Conference
November 02, 2021 The Governor, Reserve Bank of India held separate meetings with the MD&CEOs of Public Sector Banks and certain Private Sector Banks on November 2, 2021 through video…
CBDT notifies ‘E-settlement scheme, 2021’ to settle pending setcom application.
S.O. 4584(E).—In exercise of the powers conferred by sub-section (11) and (12) of section 245D of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following…
Master Circular- Guarantees, Co-Acceptances & Letters of Credit – UCBs
November 02, 2021 The Managing Director/ Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/ Madam, Please refer to our Master Circular DCBR. BPD (PCB) MC. No.8/09.27.000/2015-16 dated July…
Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks
November 02, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payment Banks and Regional Rural Banks) Madam/ Dear Sir, Please refer to the circular No. DBS.CO.PPD.BC.No.8/11.01.005/2016-17 dated April 13,…
Master Circular – Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs
November 1, 2021 The Chief Executive Officers All Primary (Urban) Co-operative Banks Madam / Dear Sir, Please refer to our Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 1, 2015…