NRS having income from transfer of capital asset referred to section 47(VIIAB) exempt from obtaining PAN.
New Delhi, 4th May, 2021 G.S.R. 318(E).—In exercise of the powers conferred by clause (d) of sub section (8) of section 139A and clause (ii) of sub-section (7) of section…
Exim Bank’s Government of India supported Line of Credit (LoC) of USD 7.35 million to the Government of the Republic of Nicaragua
May 06, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s Government of India supported Line of Credit (LoC) of USD 7.35 million to the Government of the…
Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934
May 06, 2021 All Banks Madam/Sir Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Lakshmi Vilas…
Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)
May 5, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Cooperative BanksAll All-India Financial InstitutionsAll…
Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses
May 5, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Cooperative BanksAll All-India Financial InstitutionsAll…
Credit to MSME Entrepreneurs
May 05, 2021 All Scheduled Commercial Banks Madam/Sir Credit to MSME Entrepreneurs Please refer to our circular DOR.No.Ret.BC.37/12.01.001/2020-21 dated February 5, 2021, on captioned subject. 2. In terms of the…
Periodic Updation of KYC –Restrictions on Account Operations for Non-compliance
May 5, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Please refer to Section 38 of the Master Direction on KYC dated February 25, 2016, in terms of…
Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer
Please refer to our circular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006 and DBOD.No.BP.BC.68/21.04.048/2006-07 dated March 13, 2007 on creation, accounting, disclosures and utilisation of floating provisions by banks. Banks may also…
Priority Sector Lending (PSL) – On-lending by Small Finance Banks (SFBs) to NBFC-MFIs
May 5, 2021 The Chairman/ Managing DirectorChief Executive OfficerSmall Finance Banks Dear Sir/Madam, Priority Sector Lending (PSL) – On-lending by Small Finance Banks (SFBs) to NBFC-MFIs As per extant guidelines,…
Relaxation in Rule 36(4) 105% of eligible visible is to be seen cumulatively for the period April and May, 2021 and Invoice Furnishing Facility (“IFF”) can now be furnished for the month of April, 2021 till 28.05.2021 by quarterly opted dealers.
New Delhi, the 1st May, 2021 G.S.R…(E).- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government,…