Archive for the ‘Financial Service’ Category

RBI Notification:Direct Benefit Transfer (DBT) Scheme – Implementation

May-11th-2013

RBI/2012-13/498 RPCD.CO. LBS.BC.No. 75/02.01.001/2012-1 May 10, 2013 Direct Benefit Transfer (DBT) Scheme – Implementation Please refer to the paragraph 67 of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. DBT is being rolled out in a phased manner with 43 districts taken up in the first phase from January 1, 2013 and [...]

RBI Notification:External Commercial Borrowings Policy – Non-Banking Financial Company – Infrastructure Finance Companies

Jan-10th-2013

RBI/2012-13/367 January 07, 2013 External Commercial Borrowings (ECB) Policy – Non-Banking Financial Company – Infrastructure Finance Companies (NBFC-IFCs) Attention of Authorized Dealer Category-I banks is invited to A. P. (DIR Series) Circular No. 51 dated May 11, 2010 relating to External Commercial Borrowings (ECBs) policy on NBFC-IFCs. 2. As per the extant guidelines, Non-Banking Finance [...]

RBI Notification:External Commercial Borrowings (ECB) for the low cost affordable housing projects

Dec-18th-2012

RBI/2012-13/339 A.P. (DIR Series) Circular No. 61 December 17, 2012 External Commercial Borrowings (ECB) for the low cost affordable housing projects Attention of Authorized Dealer Category – I (AD Category – I) banks is invited to A.P. (DIR Series) Circular No. 5 dated August 01, 2005 relating to ECB policy. 2. On a review of [...]

RBI Notification:Checklist for NBFCs, Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs), Non Banking Financial Company-Factoring Institutions (NBFC-Factors) and Core Investment Companies (CICs)

Dec-8th-2012

  RBI issued a notification for check list for registration of NBFC, key points of the notification are as under: RBI/2012-13/319 DNBS.CC.PD.No. 312/03.10.01/2012-13 December 07, 2012 To All NBFCs (excluding RNBCs) Dear Sir, Checklist for NBFCs, Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs), Non Banking Financial Company-Factoring Institutions (NBFC-Factors) and Core Investment Companies (CICs) Please [...]

RBI Notification:Core Investment Companies – Overseas Investment (Reserve Bank) Directions, 2012

Dec-7th-2012

RBI/2012-13/314 DNBS (PD) CC.No.311/03.10.001/2012-13 December 06 , 2012 All Core Investment Companies Dear Sirs, Core Investment  Companies – Overseas Investment (Reserve Bank) Directions, 2012 Please refer to the Non-Banking Financial Companies (Opening of Branch/Subsidiary/Joint Venture/Representative Office or Undertaking Investment Abroad by NBFCs) Directions, 2011 dated June 14, 2011. The Directions have specified general and specific [...]