Search Result for : Reserve Bank

Foreign Exchange Management Regulations, 2004 amended

Dated 2nd, December 2015 | Copy of | Notification No.FEMA. 359/2015-RB | Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations. 2015 G.S.R. 921(E).—In exercise of the powers conferred by clause (11) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999(42 of 1999), the Reserve Bank of India hereby makes the following amended in the Foreign Exchange Management ('Transfer or Issue or Any Foreign Security) Regulations; 2004 (Notification No. FEMA. 12.0/2004-RB dated July 7, 2004) namely:- 1. Short Title & Commencement (i) These Regulations may be called die Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2015. (ii) They shat come into force from rile date yr their publicarion in rile ...

Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 amended

Dated 2nd, December 2015 | Copy of | Notification No.FEMA. 358/2015-RB | Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2015 G.S.R. 920(E).In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 (Notification No. FEMA. 3/2000-RB dated 3rd May 2000) namely: 1. Short Title & Commencement (i) These Regulations may be called the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2015. (ii) They shall come into force from the date of their publication ...

Auction for Sale of New Government Stock maturing on March 20, 2029

Dated October 12th, 2015 | Copy of | Notification No. sl 208 | Government of India hereby notifies sale of New Government Stock (Securities) of ‘13 years, 5 months and 01 day’ for an aggregate amount of 7,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F.No.4(13)–W&M/2008, dated October 8, 2008 issued by Government of India. Method of Issue 2. The Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001 in the manner as prescribed in paragraph 5.1 of the General Notification F.No.4(13)–W&M/2008, dated October 8, 2008 by a yield based auction using multiple price ...

Bankers set to deliver rate cuts; SBI takes lead

Source: PTI Within couple of hours of rate cut by the Reserve Bank, country's largest lender SBI slashed its lending rate by 0.40%, while the largest private sector lender ICICI Bank hinted at cutting its base rate by at least 0.25%. “Clearly, interest rates will come down, base rates will come down. A large part of the cut will get transmitted. When I say a large part of the thing (repo rate) will get transmitted, it should mean more than half,” ICICI Bank's managing director and chief executive Chanda Kochhar told reporters at the RBI headquarters. SBI chairman Arundhati Bhattacharya was not present at the customary post-policy press conference organised by banking industry lobby grouping IBA, but her bank announced a ...

Govt Offers To Sell four dated securities worth Rs.15,000 crore

Dated September 18, 2015 | Copy of | Ref No. IDMD/608/08.02.032/2015-16 | All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers. Dear Sir/Madam, Government of India has offered to sell (re-issue) four dated securities for notified amount of Rs 15,000 crore as per the following details: The auction for securities will be price based auction using multiple price method. The Reserve Bank of India at Mumbai will conduct the auctions. The salient features of the auctions and the terms and conditions governing the issue of the Stocks are given in the notifications (copies enclosed), which should be read along with the General Notification F. No. 4 ...

Finance Ministry Issues New FEMA Regulation For Black Money Declarants

Dated 25th September, 2015 | Copy Of | Notification No.FEMA.348/2015-RB | In exercise of the powers conferred by section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following regulations relating to regularization of assets held abroad by a person resident in India, namely:- 1. Short title and commencement:- (i) These regulations may be called the Foreign Exchange Management (Regularization of assets held abroad by a person resident in India) Regulations, 2015. (ii) They shall come into force from the date of their publication in the Official Gazette. 2. Definitions:- In these Regulations unless the context otherwise requires,- (i) ‘Act’ means the Foreign Exchange Management Act, 1999 (42 of 1999); (ii) ‘Black Money ...