RBI Issued a notification to provide the RTGS Return information in the account statement, the highlits of the notification are as under:
RTGS / NEFT Return Transactions – Information for Account Statement
Please refer to our circular RBI / 2008-09 / 499 (DPSS CO RTGS No. 2246 / 04.04.002 / 2008-2009) dated June 16, 2009. The banks [...]
RBI has Issued the filnal guidelines on Regulatory Framework for Core Investment Companies (CICs), final gudelines are as under:
RBI/2010-11/168
DNBS (PD) CC.No. 197/03.10.001/2010-11
August 12, 2010
All Core Investment Companies
Dear Sir,
Regulatory Framework for Core Investment Companies (CICs)
The Bank had announced in the Annual Policy 2010-2011 that companies which have their assets predominantly as investments in shares for holding [...]
All branches of Bank of Rajasthan Ltd. will function as branches of ICICI Bank Ltd. with effect from August 13, 2010. This is consequent upon the Reserve Bank of India sanctioning the Scheme of Amalgamation of Bank of Rajasthan Ltd. with ICICI Bank Ltd. The Scheme has been sanctioned in exercise of the powers contained [...]
RBI decided to consider applications from the corporates in the Hotel, Hospital and Software sectors to avail of ECB beyond USD 100 million under the Approval Route, for foreign currency and / or Rupee capital expenditure for permissible end-uses, highlight of the n0tification are as under:
RBI/2010-11/167
A.P. (DIR Series) Circular No.08
August 12, 2010
External Commercial Borrowings (ECB) [...]
RBI decided to extend interest subvention of 2% on rupee export credit with effect from April 1, 2010 to March 31, 2011 on the same terms and conditions to certain additional sectors. Highlight of the circular are as under:
RBI/2010-11/165
DBOD.Dir.(Exp).BC.No.36 /04.02.001/2010-11
August 9, 2010
Rupee Export Credit Interest Rates
Please refer to our Circular DBOD.Dir.(Exp).BC.No.94/04.02.001/2009-10 dated April 23, 2010 [...]
