RBI issued a notification regarding “Set-off” of export receivables against import payables, key points of the notification are as under: “Set-off” of export receivables against import payables- Liberalization of Procedure Attention of Authorized Dealer Category – I (AD Category – I) banks is invited to the fact that the requests received from the exporters through
RBI issued a notification regarding Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques, key points of the notification are as under: RBI/2011-12/251 DBOD.AML BC.No.47/14.01.001/2011-12 November 4, 2011 Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a
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
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
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
