Archive for the ‘Financial Service’ Category
Nov-4th-2011
RBI issued guidelines on Commercial Real Estate (CRE) RBI/2011-12/245, key points of the guidelines are as under: RBI/2011-12/245 DBOD.BP.BC.No. 45 /08.12.015/2011-12 November 3, 2011 Guidelines on Commercial Real Estate (CRE) Please refer to the circular DBOD.No.Dir.(Hsg).BC.31/08.12.001/2009-10 dated August 27, 2009 on ‘Finance for Housing Projects’. Banks were advised, inter-alia, to stipulate a clause, in the
Nov-4th-2011
RBI issued a circular regarding Foreign investment in India by SEBI registered FIIs in other securities, key points of the circular are as under: RBI/2011-12/244 A.P. (DIR Series) Circular No. 42 November 03, 2011 Foreign investment in India by SEBI registered FIIs in other securities Attention of Authorized Dealer Category-I (AD Category-I) banks is
Nov-4th-2011
RBI issued modified comprehensive guidelines on Derivatives, key points of the derivatives are as under: RBI/2011-12/243 DBOD.No.BP.BC. 44 /21.04.157/2011-12 November 2, 2011 Comprehensive Guidelines on Derivatives: Modifications Please refer to our Circular DBOD No.BP.BC.86/21.04.157/2006-07 dated April 20, 2007 on Comprehensive Guidelines on Derivatives. The guidelines with regard to suitability and appropriateness policy for offering of
Oct-26th-2011
RBI issued the guidelines to deregulate of Saving Bank Deposit Interest Rate, key points of the guidelines are as under: RBI/2011-12/233 DBOD.Dir.BC. 42/13.03.00/2011-12 October 25, 2011 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate – Guidelines 1. Please refer to our Directive DBOD.Dir.BC.89/13.03.00/2010-11 dated May 3, 2011. 2.
Aug-14th-2011
Chapter I: Introduction In the Annual Monetary Policy Statement for 2011-12, Governor, Dr.D.Subbarao indicated that: “Recognising the need for facilitating genuine foreign exchange transactions by individuals – Residents/Non-resident Indians (NRIs) and Persons of Indian Origin (PIOs) – under the current regulatory framework of FEMA, Reserve Bank has constituted a Committee under the Chairmanship of Smt.
