Posts Tagged With RBI


Retail Participation by Demat Account Holders in the Government Securities Market: Access to NDS-OM Platform

RBI UPDATE

Retail Participation by Demat Account Holders in the Government Securities Market: Access to NDS-OM Platform

Taking into account the recommendations of the Group, it has been decided to allow Demat Account Holders of NSDL and CDSL to put through trades in Government Securities on the NDS-OM platform through their respective Depository Participant (DP) bank which is an Subsidiary General...Continue Reading


Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India

RBI UPDATE

Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India 

RBI has issued Master Circular on Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India to facilitate the Prepaid Payment Instrument Issuers, System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers to have all the extant instructions on...Continue Reading


Amendment to Master Direction on KYC – Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs)

RBI UPDATE

Amendment to Master Direction on KYC – Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs)

Reserve Bank of India has made amendment in Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016 whereby the existing Section 57 of the Master Direction has been modified as follows:

57. CDD Procedure and sharing KYC information...Continue Reading


Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India

RBI UPDATE

Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India

Reserve Bank of India has issued Master Circular to facilitate the Prepaid Payment Instrument Issuers, System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers to have all the extant instructions on the subject at one place.

 

 


Master Direction on Money Market Instruments: Call/Notice Money Market, Commercial Paper, Certificates of Deposit and Non-Convertible Debentures (original maturity up to one year)

RBI UPDATE

Master Direction on Money Market Instruments: Call/Notice Money Market, Commercial Paper, Certificates of Deposit and Non-Convertible Debentures (original maturity up to one year)

The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to the eligible market participants in regard to call/notice money market, Commercial Paper (CP), Certificates of...Continue Reading


Permitting writing of options against contracted exposures by Indian Residents

RBI UPDATE

Permitting writing of options against contracted exposures by Indian Residents

In order to encourage participation in Over the Counter (OTC) currency options market and improve its liquidity, it has been decided to permit resident exporters and importers of goods and services to write (sell) standalone plain vanilla European call and put option contracts against their contracted...Continue Reading


Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015

RBI UPDATE

Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015

In line with the Government of India’s startup initiative, it has been decided that an Indian startup, having an overseas subsidiary, may open a foreign currency account with a bank outside India for the purpose of crediting to the account, the foreign exchange earnings out of...Continue Reading


Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs

RBI UPDATE

Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs

In terms of the extant instructions, all NBFCs are required to submit a certificate from their Statutory Auditors every year to the effect that they continue to engage in the business of NBFI requiring it to hold a CoR under Section 45-IA of the RBI Act.

With a view to ensure consistency in the manner in which the information...Continue Reading


Changes in FDI Policy

RBI UPDATE

Changes in FDI Policy

The government on June 20 made changes to the foreign direct investment (FDI) policy at a meeting chaired by Prime Minister Narendra Modi. This is the second biggest reform in FDI since those announced in November 2015.

According to the amendments are meant to liberalise and simplify FDI policy to provide ease of doing business in the country, leading to larger FDI inflows that will contribute to...Continue Reading


RBI decides to simplify and rationalise the process of registration of new NBFCs

RBI UPDATE

RBI decides to simplify and rationalise the process of registration of new NBFCs

In order to make the process of registration of new NBFCs smoother and hassle free, the application form for registration of new NBFCs and the checklist of documents to be submitted have been revised. 

Secondly, from now onwards, there would be two different types of...Continue Reading