Secondary market transactions in Government Securities - Short Selling
Posted Date : 01-Oct-2014 , 07:56:22 am | Posted By: CASANSAAR
RBI/2014-15/251IDMD.PCD.06/14.03.07/2014-15
September 30, 2014
All market participants
Dear Sir/Madam
Secondary market transactions in Government Securities - Short Selling
This has reference tocircular IDMD.No.03/11.01.01(B)/2005-06 dated February 28, 2006and updated videcirculars IDMD.No/11.01.01(B)/2006-07 dated January 31, 2007,IDMD.DOD.No. 3165/ 11.01.01(B) / 2007-08 dated January 1, 2008,IDMD.PCD.14/14.03.07/2011-12 dated December 28, 2011andIDMD.PCD.21/14.03.07/2011-12 dated June 21,...
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RBI |
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Risk Management and Inter Bank Dealings : Hedging under Past Performance Route
Posted Date : 01-Oct-2014 , 07:55:45 am | Posted By: CASANSAAR
RBI/2014-15/250A.P. (DIR Series) Circular No. 34
Sep 30, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter Bank Dealings: Hedging under Past Performance Route
Attention of Authorised Dealers Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA/25/RB-2000 dated May 3, 2000) as amended from time to time andA.P. (DIR Series) c...
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RBI |
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Export Credit Refinance Facilities
Posted Date : 01-Oct-2014 , 07:55:08 am | Posted By: CASANSAAR
RBI/2014-15/249REF.No.MPD.BC. 374 /07.01.279/2014-15
Ashwina 8,1936(Saka)September 30, 2014
To
All Scheduled Banks [excluding Regional Rural Banks(RRBs) ]
Dear Sir/Madam,
Export Credit Refinance Facilities
Please refer to ourcircular No.MPD.372/07.01.279/2013-14 dated June 3, 2014whereby the eligible limit of export credit refinance (ECR) facility for schedule banks (excluding RRBs) was reduced from the level of 50 per cent of the outstanding rupee export credit eligible for refinance as a...
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RBI |
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Instruments for Augmentation of Capital Funds - Modification
Posted Date : 01-Oct-2014 , 07:54:26 am | Posted By: CASANSAAR
RBI/2014-15/248RPCD.RCB.BC.No.33/07.51.012/2014-15
September 30, 2014
All State / Central Cooperative Banks (StCBs/CCBs)
Madam / Dear Sir,
Instruments for Augmentation of Capital Funds - Modification
Please refer to ourcircular RPCD.RCB.BC.73/07.51.012/2013-14 dated January 7, 2014.
2. It has been decided to modify para 1 of the Annex-I to the said circular as under:
';StCBs/CCBs may issue Long Term (Subordinated) Deposits (LTDs) subject to compliance with their bye-laws / provisions of t...
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RBI |
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Scope of enquiry in cases selected for scrutiny during the Financial Year 2014-2015 on basis of AIR/CIB /26AS mis-match-regarding.
Posted Date : 30-Sep-2014 , 07:44:35 am | Posted By: CASANSAAR
Instruction No. 07/2014
Government of India
Ministry of Finance
Department of Revenue (CBDT)
Room No. 143E, North-Block, New-Delhi
Dated the 26thof September, 2014
To
All Pr. Chief-Commissioners of Income-tax/Chief-Commissioners of Income-tax
All Pr. Directors-General of Income-tax/Directors-General of Income-tax
Sir/Madam
Subject: - Scope of enquiry in cases selected for scrutiny during the Financial Year 2014-2015 on basis of AIR/CIB /26AS mis-match-regarding.
It has come to...
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Income Tax |
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Regarding Joint Ventures and levy of service tax
Posted Date : 27-Sep-2014 , 08:21:37 am | Posted By: CASANSAAR
Circular No. 179/5/2014-ST
F.No.354/187/2013-TRU
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise& Customs
Tax Research Unit
North Block, New Delhi
24thSeptember, 2014
To,
Chief Commissioners of Central Excise and Service Tax (All),
Director General (Service Tax), Director General (Audit),
Director General (Central Excise Intelligence),
Commissioners of Service Tax (All),
Commissioners of Central Excise and Service Tax (All).
Mada...
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Service Tax |
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Filing of reconciliation return for the year 2013-14
Posted Date : 27-Sep-2014 , 08:19:11 am | Posted By: CASANSAAR
DEPARTMENT OF TRADE AND TAXES
(POLICY BRANCH)
VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002
No.F.7(420)/VAT/Policy/2011/PF/391-397
Dated: 26/09/14
CIRCULAR NO. 13 of 2014-15
Sub: Filing of reconciliation return for the year 2013-14.
In exercise of the powers conferred underRule 49Aof theDelhi Value Added Tax Rules, 2005read withsection 9(2)ofCentral Sales Tax Act, 1956, I, Sanjeev Khirwar, Commissioner, Value Added Tax, do hereby extend the last date of filing of online return in Form ...
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VAT |
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CBDT extended due date for filing of return to November 30, 2014; no extension to Cos/Firms not liable to tax audit
Posted Date : 27-Sep-2014 , 08:15:36 am | Posted By: CASANSAAR
F.No.153/53/2014-TPL (Pt.I)
GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)(CENTRAL BOARD OF DIRECT TAXES)****
North Block, TPL DivisionNew Delhi, the 26th September, 2014Order under section 119 of the Income-tax Act, 1961
Section 44AB of the Income-tax Act, 1961 ("the Act") read with rule 6G of the Income-tax Rules, 1962 ("the Rules") requires certain persons to file tax audit report in Form No.3CA/Form No.3CB along with prescribed particulars in Form No.3CD. Vide Notification ...
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Income Tax |
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Rating of Fixed Deposits of NBFCs- Eligible Credit Rating Agencies- SME Rating Agency of India Ltd. (SMERA)
Posted Date : 25-Sep-2014 , 09:19:30 pm | Posted By: CASANSAAR
RBI/2014-15/243DNBS (PD).CC.No.410/03.10.001/2014-15
September 25, 2014
All Deposit Taking Non-Banking Financial Companies(except Residuary Non-Banking Companies)
Dear Sirs,
Rating of Fixed Deposits of NBFCs- Eligible Credit Rating Agencies- SME Rating Agency of India Ltd. (SMERA)
Please refer to Para 4 of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998, wherein, names of the Credit Rating Agencies approved by Reserve Bank of India are given...
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RBI |
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MCA advises Cos to file their balance sheets and annual accounts at the earliest to avoid congestion on MCA portal
Posted Date : 25-Sep-2014 , 07:54:35 am | Posted By: CASANSAAR
MCA advises Cos to file their balance sheets and annual accounts at the earliest to avoid congestion on MCA portal...
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Corporate Laws |
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Guidelines regarding Structure, Administrative set up and Functions of Audit Commissionerates
Posted Date : 23-Sep-2014 , 07:07:15 am | Posted By: CASANSAAR
Circular No. 985/09/2014-CX
F. No. 206/03/2014-CX.6
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
New Delhi, dated the 22rdSept. 2014
To
The Chief Commissioners of Central Excise and Service Tax (ALL),
The Director General of Service Tax,
The Director General of Audit,
The Director General of Central Excise Intelligence,
The Commissioners of Service Tax (ALL).
Madam/Sir,
Subject – Guidelines regarding Structur...
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Excise |
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Govt. constitutes National Advisory Committee for formulation of accounting policies/standards
Posted Date : 19-Sep-2014 , 10:36:07 pm | Posted By: CASANSAAR
In exercise ofthe poweo confened by sub-s€ction (l) ofseation 2l0A ofthe Companijs Act, 1956 (l of 1956), the Centra.l Covemment hereby constitutes anAdvisory Committee to be called the National Advisory Committee on AccountrngStandards, consisting of the following persons to advise the Cental Govemment on thefomulation and laying down of accounting policies and acaounting standards foradoption by companies or class ofcompanies under the said Acl, namely:-...
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Corporate Laws |
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CBDT invites suggestions on Exposing Hawala/ Suspicious Transactions
Posted Date : 18-Sep-2014 , 10:43:34 pm | Posted By: CASANSAAR
F.No.290/27/2013-Dir(inv.IV)/821
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE C
ENTRAL BOARD OF DIRECT TAXES
NEW DELHI-110055
Dated: September 15, 2014
OFFICE MEMORANDUM
Subject: Invitation of suggestions for better management of Suspicious Transaction Reports (STRs)
STRs constitute a strategically important source of information for Income Tax department. In the last few years the number of STRs has grown tremendously and is growing further. The departmen...
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Income Tax |
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Due date for payment of advance tax extended by three months for taxpayers in State of J&K
Posted Date : 18-Sep-2014 , 10:26:20 pm | Posted By: CASANSAAR
Considering the large-scale devastation in the State of Jammu andKashmir, due to the natural calamity, the Central Board of Direct Taxes hasissued an order to extend the date for payment of second instalment of advancetax for companies and first instalment of advance tax for others for FY 2014-15(AY 2015-16) from 15th September, 2014 to 15th December, 2014 in case of allthe tax payers in the State of Jammu and Kashmir. These taxpayers can now paytheir September 2014 instalment of advance tax by ...
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Income Tax |
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Implementation of Cheque Truncation System (CTS): Dispensation of the requirement of forwarding of government cheques in physical form to Government
Posted Date : 18-Sep-2014 , 10:22:39 pm | Posted By: CASANSAAR
RBI/2014-15/237DGBA.GAD.No.H -1204/42.01.035/2014 -15
September 18, 2014
The Chairman & Managing Director /The Chief Executive OfficerAll Agency Banks
Dear Sir / Madam,
Implementation of Cheque Truncation System (CTS): Dispensation of the requirement of forwarding of government cheques in physical form to Government - Change in the Memorandum of Instructions for reporting of government transactions
As part of enhancing the efficiency in cheque clearing, Reserve Bank has introduced CTS f...
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RBI |
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Clarification with regard to provisions of Corporate Social Responsibility(CSR) under section 135 of the Companies Act,2013
Posted Date : 18-Sep-2014 , 07:24:09 am | Posted By: CASANSAAR
General Circular 36 dated 17 Sept 2014: Clarification with regard to provisions of Corporate Social Responsibility(CSR) under section 135 of the Companies Act,2013....
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Corporate Laws |
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Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI Scheme against legitimate dues
Posted Date : 18-Sep-2014 , 07:21:53 am | Posted By: CASANSAAR
RBI/2014-15/234A.P. (DIR Series) Circular No.31
September 17, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Direct Investment (FDI) in India -Issue of equity shares under theFDI Scheme against legitimate dues
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified videNotification No....
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FEMA |
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Clarifications issued regarding amendments to the Appeal provisions in Customs, Central Excise and Service Tax made by Finance Act, 2014
Posted Date : 17-Sep-2014 , 07:51:05 am | Posted By: CASANSAAR
Circular No 984/08/2014-CX
F. No. 390/Budget/1/2012-JC
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise & Customs)
New Delhi, dated the 16thSeptember, 2014
To,
1.All Chief Commissioners, Central Excise and Service Tax/ Customs.
2.All Commissioners of Central Excise, Service Tax/ Customs.
3.Chief Commissioner (AR), CESTAT, New Delhi.
5.All Commissioners of Central Excise, Service Tax and Customs
6.All Commissioners (AR), New Delh...
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Excise |
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Know Your Customer (KYC) Norms – Creating Public Awareness
Posted Date : 17-Sep-2014 , 07:49:14 am | Posted By: CASANSAAR
RBI/2014-15/233UBD. BPD (PCB).Cir.No.16/14.01.062/2014-15
September 16, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Know Your Customer (KYC) Norms – Creating Public Awareness
The Reserve Bank of India, in the recent times, has been taking several measures to simplify KYC requirements to help the common man open bank accounts. It is, however, observed that despite such measures the general public is still facing problems in opening a bank acco...
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RBI |
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ITR Due date extended to 30.11.2014 for assessees In state of Jammu & Kashmir
Posted Date : 16-Sep-2014 , 04:08:28 pm | Posted By: CASANSAAR
F. No. 225/268/2014/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North-Block, ITA.II Division
New Delhi, the 16thSeptember, 2014
Order under Section 119 of the Income-tax Act, 1961
Considering the large scale devastation in the State of Jammu & Kashmir due to heavy rains and floods, the Central Board of Direct Taxes, in exercise of powers conferred undersection 119of theIncome-tax Act, 1961, hereby extends the `due-date' for...
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Income Tax |
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Exp. on building CSR capacity including related admin overheads can't exceed 5% of total CSR Exp.- MCA
Posted Date : 15-Sep-2014 , 08:15:32 pm | Posted By: CASANSAAR
Exp. on building CSR capacity including related admin overheads can't exceed 5% of total CSR Exp.- MCA.
Rules dated 12th Sept 2014: Companies (Corporate Social Responsibility Policy) Amendment Rules,2014....
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Corporate Laws |
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SEBI tweaks clause 49; simplifies definition of related party, exempts specified Cos from governance norms
Posted Date : 15-Sep-2014 , 08:05:45 pm | Posted By: CASANSAAR
This circular is in continuation to circular No. CIR/CFD/POLICY CELL/2/2014 datedApril 17, 2014 on amendments to Clauses 35B and 49 of the Equity ListingAgreement. In terms of the said circular, the revised Clause 49 would beapplicable to all listed companies with effect from October 01, 2014....
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SEBI |
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Data on Import of Gold Statement - Submission under XBRL
Posted Date : 15-Sep-2014 , 08:01:28 pm | Posted By: CASANSAAR
RBI/2013-14/231A.P. (DIR Series) Circular No.30
September 15, 2014
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Data on Import of Gold Statement-Submission under XBRL
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 103 dated April 03, 2012in terms of which AD Category - I banks are required to submit a statement on import of Gold, to Reserve Bank of India, in theprescribed format, on a monthly as well as half yearl...
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Category :
FEMA |
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Treatment of accounts opened for credit of Scholarship Amounts under Government Schemes
Posted Date : 11-Sep-2014 , 08:11:53 am | Posted By: CASANSAAR
RBI/2014-15/226RPCD.RRB.RCB.BC.No.32/03.05.33/2014-15
September 10, 2014
All Regional Rural Banks / State and Central Co-operative Banks
Dear Sir/Madam,
Treatment of accounts opened for credit of ScholarshipAmounts under Government Schemes
Please refer to ourcirculars RPCD.CO.RRB.BC.No.41/03.05.33/2013-14 dated October 4, 2013andRPCD.RCB.BC.No.42/07.51.014/2013-14 dated October 7, 2013advising Regional Rural Banks and State / Central Cooperative Banks to allot a different “product cod...
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RBI |
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RRBs/StCBs/CCBs - KYC Norms / AML Standards / CFT / Obligation of banks under PMLA, 2002 – Client Due Diligence measures
Posted Date : 09-Sep-2014 , 08:05:33 pm | Posted By: CASANSAAR
RBI/2014-15/223RPCD.RRB.RCB.AML.BC.No.31/07.51.018/2014-15
September 9, 2014
Regional Rural Banks (RRBs) /State / Central Cooperative Banks (StCBs/CCBs)
Madam / Dear Sir,
Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) / Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 – Client Due Diligence measures
Please refer toparagraph 2of our Master Circular RPCD.RRB.RCB.AML.BC.No.02/ 07.51.018/2014-15 d...
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RBI |
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Guidelines on Wilful Defaulters – Clarification regarding Guarantor, Lender and Unit
Posted Date : 09-Sep-2014 , 08:03:15 pm | Posted By: CASANSAAR
RBI/2014-15/221DBOD.No.CID. 41/20.16.003/2014-15
September 9, 2014
All Scheduled Commercial Banks (excluding RRBs and LABs) andAll India Notified Financial Institutions (FIs)
Dear Sir/ Madam
Guidelines on Wilful Defaulters –Clarification regarding Guarantor, Lender and Unit
Please refer to theMaster Circular on Wilful Defaulters DBOD.No.CID.BC.3/20.16.003/2014-15 dated July 1, 2014.
2. Paragraph 2.1 of the circular lists out various events when a “wilful default” would be...
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RBI |
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Upper age limit for Whole Time Directors on the Boards of Banks
Posted Date : 09-Sep-2014 , 08:02:06 pm | Posted By: CASANSAAR
RBI/2014-15/217DBOD. APPT.BC.No. 40 /29.39.001/2014-15
September 9, 2014
To
The Managing Director & Chief Executive Officers of all Private Sector Banks
Dear Sir / Madam,
Upper age limit for Whole Time Directors on the Boards of Banks
The matter relating to fixing an upper age limit for the post of Managing Director & Chief Executive Officers (MD & CEO) and other Whole Time Directors (WTDs) of banks in private sector in India has been examined in the light of the provisions of ...
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RBI |
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Reversal of Input Tax Credit under Section 10 of the DVAT Act, 2004 in respect of Credit Note/Debit Note related to discounts.
Posted Date : 08-Sep-2014 , 10:10:54 pm | Posted By: CASANSAAR
CIRCULAR NO. 11 of 2014-15
Sub: Reversal of Input Tax Credit under Section 10 of the DVAT Act, 2004 in respect of Credit Note/Debit Note related to discounts.
1. UnderSection 10(1)of theDVAT Act, 2004, where any purchaser has been issued with a credit note or debit note in terms ofsection 51of thisActor if he returns or rejects goods purchased, as a consequence of which the tax credit claimed by him in any tax period in respect of which the purchase of goods relates, becomes short or excess, h...
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Category :
VAT |
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Risk Management and Inter Bank Dealings: Hedging Facilities for Foreign Portfolio Investors (FPIs)
Posted Date : 08-Sep-2014 , 10:07:53 pm | Posted By: CASANSAAR
RBI/2014-15/216A.P. (DIR Series) Circular No.28
September 8, 2014
ToAll Category - I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter Bank Dealings: Hedging Facilities for Foreign Portfolio Investors (FPIs)
Attention of Authorised Dealers Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA.25/RB-2000 dated May 3, 2000) as amended from time to time andA....
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Category :
FEMA |
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Basel III Liquidity Returns
Posted Date : 05-Sep-2014 , 09:04:43 pm | Posted By: CASANSAAR
RBI/2014-15/213DBS.No.OSMOS.2915/33.01.001/2014-15
September 5, 2014
The Chairman / Chairman & Managing Director/Managing Director / Chief Executive Officerof Public Sector Banks, Private Sector Banks /Foreign Banks (excluding RRBs)
Dear Sir/Madam
Basel III Liquidity Returns
Please refer to the ‘Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards’ dated June 9, 2014 (Circular ...
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RBI |
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