RBI Circular - Auction of Government of India Dated Securities
Posted Date : 18-Aug-2015 , 05:19:20 pm | Posted By: Aarti Sharma
RBI/2015-16/155
Ref. No. IDMD/321/08.02.032/2015-16
August 17, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) four dated securities for notified amount of Rs 14,000 crore as per the following details:
Sr No
Security
Notified A...
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RBI |
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CBDT clarifies issues relating to exemption and approval of Educational Institutions
Posted Date : 17-Aug-2015 , 09:58:39 pm | Posted By: CASANSAAR
Sub-clause (vi) of clause (23C) of Sec 10 of the Income-tax Act, 1961 (‘Act’) prescribes that income of any university or other educational institutions, existing solely for educational purposes and not for purposes of profit, shall be exempt from tax if such entities are approved by the prescribed authorities. Such approval is not required in cases of university or educational institutions wholly or substantially financed by the Government [sub-clause (iiiab)] or if their aggregate ...
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CBDT |
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RBI Circular - Conduct of Government Business by Agency Banks – Payment of Agency Commission
Posted Date : 13-Aug-2015 , 06:18:23 pm | Posted By: Aarti Sharma
RBI/2015-16/153
DGBA.GAD.No. 617/31.12.010(C)/2015-16
August 13, 2015
The Chairman/Chief Executive Officer
All Agency Banks
Dear Sir / Madam,
Conduct of Government Business by Agency Banks – Payment of Agency Commission
Please refer to paragraphs 2 to 7 of ourMaster Circular No RBI /2015-16/81 dated July 01, 2015on the captioned subject, wherein government transactions eligible for and not eligible for agency commission are discussed.
2. In this connection, it is clarif...
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RBI |
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RBI Circular - Union Budget - 2015-16 Interest Subvention Scheme
Posted Date : 13-Aug-2015 , 06:15:32 pm | Posted By: Aarti Sharma
RBI/2015-16/152
FIDD.No.FSD.BC.59/05.04.02/2015-16
August 13, 2015
The Chairman / Managing Director
All Public & Private Sector Scheduled Commercial Banks
Dear Sir/Madam
Union Budget - 2015-16
Interest Subvention Scheme
Please refer to our letter FIDD CO.FSD.No.10740/05.04.02/2014-15 dated June 17, 2015 conveying extension of Interest Subvention Scheme upto July 31, 2015. In this regard, it is advised that Government of India has approved the implementation of the Interest ...
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RBI Circular - Exim Bank's GoI supported Line of Credit of USD 6.20 million to Myanma Foreign Trade Bank
Posted Date : 13-Aug-2015 , 06:14:09 pm | Posted By: Aarti Sharma
RBI/2015-16/151
A.P.(DIR Series) Circular No.8
August 13, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's GoI supported Line of Credit of USD 6.20 million to Myanma Foreign Trade Bank
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated May 22, 2015 with the Myanma Foreign Trade Bank, Republic of Union of Myanmar, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 6.20 million (US...
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RBI Circular - Auction of Government of India Dated Securities
Posted Date : 11-Aug-2015 , 05:59:19 pm | Posted By: Aarti Sharma
RBI/2015-16/150
Ref. No.IDMD/280/08.02.032/2015-16
August 10, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) four dated securities for notified amount of Rs 14,000 crore as per the following details:
Sr No
Security
Notified Am...
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RBI |
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CBDT notifies Rules for the purpose of FATCA entered into between India and USA
Posted Date : 10-Aug-2015 , 07:20:37 am | Posted By: CASANSAAR
S.O. 2155(E) - In exercise of the powers conferred by section 285BA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government with respect to registration of persons, due diligence and maintenance of information, and the Board for matters relating to statement of reportable accounts, hereby make the following rules further to amend the Income-tax Rules, 1962, namely:-...
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Income Tax |
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RBI Circular - Exposure Norms limit for the Standalone Primary Dealers (SPDs)
Posted Date : 06-Aug-2015 , 05:49:37 pm | Posted By: Aarti Sharma
RBI/2015-16/149
DNBR.CO.PD.No.068/03.10.01/2015-16
August 6, 2015
To
All Standalone Primary Dealers
Madam/ Sir,
Exposure Norms limit for the Standalone Primary Dealers (SPDs)
Please refer to thecircular IDMD.PCD.12/14.03.05/2013-14 dated March 27, 2014on the captioned subject.
2. To facilitate greater level of participation in corporate bonds by SPDs, it has been decided to increase exposure ceiling limits in respect of single borrower / counterparty from 25 per cent to 50 ...
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RBI |
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RBI Circular - Section 23 of the Banking Regulation Act, 1949 - Relaxations in Branch Authorisation Policy
Posted Date : 06-Aug-2015 , 05:48:01 pm | Posted By: Aarti Sharma
RBI/2015-16/148
DBR.No.BAPD.BC.34/22.01.001/2015-16
August 6, 2015
All Domestic Scheduled Commercial Banks
(excluding RRBs)
Madam / Dear Sir
Section 23 of the Banking Regulation Act, 1949 -
Relaxations in Branch Authorisation Policy
Please refer tocirculars DBOD.No.BAPD.BC.54and60/22.01.001/2013-14dated September 19, 2013 and October 21, 2013 respectively on the above subject, permitti...
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RBI |
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RBI Circular - Interest Rates on Deposits – Deposits of Army Group Insurance Directorate (AGID)
Posted Date : 06-Aug-2015 , 05:46:22 pm | Posted By: Aarti Sharma
RBI/2015-16/147
DBR.Dir.BC.No.33/13.03.00/2015-16
August 06, 2015
All Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir/Madam
Interest Rates on Deposits – Deposits of Army Group Insurance Directorate (AGID), Naval Group Insurance Fund (NGIF) and Air Force Group Insurance Society (AFGIS)
Please refer to our circulars DBOD.No.Dir.BC.121/C.347 (26)-86 dated October 29, 1986, DBOD. No. Dir. BC.26/C.347(26)-87 dated September 1, 1987 and DBOD. No. Dir. BC. 28/C.347(26)-87 da...
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RBI Circular - Exim Bank's GoI supported Line of Credit of USD 18.08 million to the Government of Republic of Chad
Posted Date : 06-Aug-2015 , 05:45:20 pm | Posted By: Aarti Sharma
RBI//2015-16/146
A.P. (DIR Series) Circular No.7
August 06, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's GoI supported Line of Credit of USD 18.08 million
to the Government of Republic of Chad
Export-Import Bank of India (Exim Bank) has entered into an agreement on August 6, 2014 with the Government of Republic of Chad, for making available to the latter, a line of credit (LOC) of USD 18.08 million (USD Eighteen Million and Eighty Thousand) fo...
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RBI |
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Seeks to further amend notification No. 12/2012-Customs so as to delete the requirement of registration of Ship Repair Unit with Director General of Shipping
Posted Date : 06-Aug-2015 , 08:09:17 am | Posted By: CASANSAAR
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,
PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 43/2015-Customs
New Delhi, the 4th August, 2015
G.S.R. (E).-In exercise of the powers conferred bysub-section (1) of section 25of theCustoms Act, 1962 (52 of 1962),the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendmen...
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Custom |
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RBI Circular - Auction of Government of India Dated Securities
Posted Date : 04-Aug-2015 , 06:06:09 pm | Posted By: Aarti Sharma
RBI/2015-16/145
Ref.No.IDMD/246/08.02.032/2015-16
August 03, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) four dated securities for notified amount ofRs 14,000crore as per the following details:
Sr No
Security
Notified A...
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RBI |
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RBI Circular- Review of Guidelines on Restructuring of Advances by NBFCs
Posted Date : 30-Jul-2015 , 06:23:21 pm | Posted By: Aarti Sharma
RBI/2015-16/144
DNBR.CO.PD.No. 067/03.10.01/2015-16
July 30, 2015
All NBFCs excluding Primary Dealers
Dear Sirs,
Review of Guidelines on Restructuring of Advances by NBFCs
Please refer to the circularsDNBS.CO.PD.No.367/03.10.01/2013-14, dated January 23, 2014andDNBR.CO.PD.No.011/03.10.01/2014-15 dated January 16, 2015, on the captioned subject.
2. In terms of the extant instructions contained in the above mentioned circulars, revisions of the date of DCCO and consequential shi...
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RBI |
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RBI Circular - Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 30-Jul-2015 , 06:22:15 pm | Posted By: Aarti Sharma
RBI/2015-16/143
DBR.AML.No.1637/14.01.001/2015-16
July 30, 2015
The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who are agents of Money Transfer Service Scheme
Dear Sir/ Mad...
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RBI |
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RBI Circular - Master Circular - National Rural Livelihoods Mission (NRLM)
Posted Date : 30-Jul-2015 , 06:21:07 pm | Posted By: Aarti Sharma
RBI/2015-16/142
FIDD.GSSD.CO.BC.No.09/09.01.01/2015-16
July 30, 2015
The Chairman/ Managing Director
All Scheduled Commercial Banks
Dear Sir/Madam,
Master Circular - National Rural Livelihoods Mission (NRLM)
Reserve Bank of India has periodically issued instructions/directives to banks with regard to operationalisation of the Government of India’s National Rural Livelihoods Mission (NRL...
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RBI |
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RBI Circular- Master Circular - National Urban Livelihoods Mission (NULM)
Posted Date : 30-Jul-2015 , 06:18:16 pm | Posted By: Aarti Sharma
RBI/2015-16/141
FIDD.GSSD.CO.BC.No.10/09.16.03/2015-16
July 30, 2015
The Chairman/ Managing Director
All Scheduled Commercial Banks
Dear Sir/Madam,
Master Circular - National Urban Livelihoods Mission (NULM)
Reserve Bank of India has periodically issued instructions/directives to banks with regard to operationalisation of the Government of India’s National Urban Livelihoods Mission (NUL...
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RBI |
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RBI Circular - Provision of Factoring Services by Banks - Review
Posted Date : 30-Jul-2015 , 06:16:30 pm | Posted By: Aarti Sharma
RBI/2015-16/140
DBR.No.FSD.BC.32/24.01.007/2015-16
July 30, 2015
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir/Madam
Provision of Factoring Services by Banks - Review
Please refer to circulars IECD.No.PMD.1/50/90-91 dated July 2, 1990, IECD. No. OPMD.BC.9/50-90/91 dated August 30, 1990, DBOD.No.BC 18/24.01.001/93-94 dated February 19, 1994, IECD.No.44/08.12.01/94-95 dated April 27, 1995 and DBOD.No.FSC.BC.49/24.01.001/97-98 dated June 2, 1998 on provision of factoring...
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RBI |
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RBI Circular - Extending Value Added Services through ATMs by Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 30-Jul-2015 , 06:15:32 pm | Posted By: Aarti Sharma
RBI/2015-16/139
DCBR.CO.LS (PCB) Cir.No.2/07.01.000/2015-16
July 30, 2015
Chief Executive Officers of all
Primary (Urban) Co-operative Banks
Madam / Dear Sir
Extending Value Added Services through ATMs by Primary (Urban) Co-operative Banks (UCBs)
Please refer to para 2 of our circular ref: UBD.No.BPT.SUB.9/09.69.00/2000-01 dated June 11, 2001 indicating the functional facilities that were permitted to be offered at the off-site ATMs. The matter has been reviewed and it has been ...
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RBI |
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RBI Circular - Auction of Government of India Dated Securities
Posted Date : 28-Jul-2015 , 10:43:40 am | Posted By: Aarti Sharma
RBI/2015-16/138
Ref. No. IDMD/205/08.02.032/2015-16
July 27, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) four dated securities for notified amount ofRs 14,000crore as per the following details:
Sr No
Security
Notified Amoun...
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RBI |
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CBDT Extends due date of filling Wealth - Tax return from July 31, 2015 to Aug - 31, 2015
Posted Date : 27-Jul-2015 , 06:40:28 pm | Posted By: Aarti Sharma
F. No. 328/08/2015-WT
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, dated the 27thJuly, 2015
To
All Pr. Chief Commissioners of Income Tax
Subject : Extension of due date of filling Return of wealth for A.Y. 2015-16- clarification
In terms of Explanation tosub-section (1) of section 14of theWealth-tax Act 1957, ‘due date’ of filling Return of wealth in relation to an assesse under theWealth-tax...
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CBDT |
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Filing of online return for 1st quarter of 2015-16 – extension of period thereof
Posted Date : 27-Jul-2015 , 06:24:48 pm | Posted By: Aarti Sharma
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI
DEPARTMENT OF TRADE AND TAXES
(POLICY BRANCH)
VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002
No.F.7(420)/VAT/Policy/2011/PF/449-455
Dated: 27/07/2015
CIRCULAR NO.16 of 2015-16
Sub: Filing of online return for 1st quarter of 2015-16 – extension of period thereof.
In exercise of the powers conferred underRule 49Aof theDelhi Value Added Tax Rules, 2005, I, Vijay Kumar, Commissioner, Value Added Tax, do hereby extend t...
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VAT |
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RBI Circular - Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy - Review of the Guidelines on Joint Lenders' Forum (JLF) and Corrective Action P
Posted Date : 23-Jul-2015 , 05:55:27 pm | Posted By: Aarti Sharma
RBI/2015-16/137
DNBR.CC.PD.No.066/03.10.01/2015-16
July 23, 2015
To
All Non-Banking Financial Companies (NBFCs)
Madam/ Sir,
Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy - Review of the Guidelines on Joint Lenders' Forum (JLF) and Corrective Action Plan (CAP)
The Framework for Revitalising Distressed Assets in the Economy was issued by the Reserve Bank on Janua...
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RBI |
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RBI Circular - Auction of Government of India Dated Securities
Posted Date : 21-Jul-2015 , 05:19:12 pm | Posted By: Aarti Sharma
RBI/2015-16/135
Ref. No. IDMD/123/08.02.032/2015-16
July 20, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) four dated securities for notified amount ofRs 14,000crore as per the following details:
Sr No
Security
Notified Amoun...
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Category :
RBI |
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Clarification with regard to circulation and filing of financial statement under relevant provisions of the Companies Act, 20l3
Posted Date : 21-Jul-2015 , 03:57:06 pm | Posted By: Aarti Sharma
General Circular No. I / /2015
No. 1/ r9l2013-CL-V
Government of India
Ministry of Corporate Affairs
5th Floor, A wing, Shastri Bhavan,
Dr R.P. Road, New Delhi
Dated 21, July,2oI5
To
All Regional Directors,
All Registrars of companies,
All Stakeholders.
Subject: Clarification with regard to circulation and filing of financial statement under relevant provisions of the Companies Act, 20l3-reg.
Sir,
Stakeholders have drawn attention to the proviso to section 101{1) of the Companies Ac...
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Category :
Companies Act |
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CBDT enable form 6 for online Declaration of black money Outside India
Posted Date : 21-Jul-2015 , 08:07:12 am | Posted By: CASANSAAR
CBDT enable form 6 for online Declaration of black money Outside India
The Electronic filing of Form 6 under The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015 has been enabled underthe menu“e-File” after login. Taxpayers are requested to e-File Form 6 during the compliance window which ends on September 30, 2015.[ReferNotification No. 58/2015 dated 02/07/2015]
Form-6 is forDeclarationof undisclosed asset located outside India under section 59 ...
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CBDT |
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Migration of PAN lying in old/orphan/defunct Jurisdiction
Posted Date : 20-Jul-2015 , 07:13:38 pm | Posted By: Aarti Sharma
DATED 16-7-2015
Kind reference is invited to AIS instructions nos. 80, AST instruction no. 97 and134on the above subject (copies enclosed for ready reference) wherein procedure for migration of PAN lying in old/orphan/defunct Jurisdiction to the Jurisdictional A.Os. through the Nodal officer/jurisdiction defined under CIT(CO) was circulated.
2.Presence of PAN in old/orphan/defunct jurisdiction leads to problem in timely processing of returns and also raises problems consequent to selection...
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Category :
Income Tax |
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RBI Circular - Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines
Posted Date : 16-Jul-2015 , 06:53:03 pm | Posted By: Aarti Sharma
RBI/2015-16/133
DBS.CO.ARS.No. BC. 2/08.91.021/2015-16
July 16, 2015
The Chairman & Managing Director/
Chief Executive Officers of
all Scheduled Commercial Banks
(other than Regional Rural Banks)
Dear Sir
Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines
As you are aware, guidelines on 'concurrent audit system in commercial banks' were is...
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RBI |
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RBI Circular - Priority Sector Lending – Targets and Classification
Posted Date : 16-Jul-2015 , 06:52:04 pm | Posted By: Aarti Sharma
RBI/2015-16/132
FIDD.CO.Plan.BC.08/04.09.01/2015-16
July 16, 2015
The Chairman/ Managing Director
Chief Executive Officer
[All Scheduled Commercial Banks
(excluding Regional Rural Banks)]
Dear Sir/ Madam,
Priority Sector Lending – Targets and Classification
Please refer to ourMaster Circular No. FIDD.CO.Plan.BC.04/04.09.01/2015-16 dated July 1, 2015on the above subject.
2. The target for direct lending by banks to agriculture under Priority Sector Norms has aimed to i...
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RBI |
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RBI Circular - Foreign Investment in India by Foreign Portfolio Investors
Posted Date : 16-Jul-2015 , 06:51:23 pm | Posted By: Aarti Sharma
RBI/2015-16/131
A.P.(DIR Series) Circular No.6
July 16, 2015
To,
All Authorised Persons
Madam/ Sir,
Foreign Investment in India by Foreign Portfolio Investors
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No. FEMA.20/2000- RB dated May 3, 2000, as amended from time to time and toA.P. (DIR Se...
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RBI |
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