RBI Update – Submission of information to Credit Information Companies (CICs) by ARCs
Submission of information to Credit Information Companies’1, ARCs had been advised to become a member
RBI Update – Implementation of Credit Information Reporting Mechanism subsequent to cancellation of licence or Certificate of Registration
All CIs, whose licence or CoR has been cancelled by the Reserve Bank of India
RBI Update – Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Government of India, vide Trade Notice dated September 30, 2024, has allowed for an extension
RBI Update – Due diligence in relation to non-resident guarantees availed by persons resident in India
The Reserve Bank of India (RBI) has come across instances of guarantees (including Standby Letters
RBI Update – Directions – Compounding of Contraventions under FEMA, 1999
Section 15 of the FEMA, 1999, any contravention under section 13 of FEMA 1999 {except
RBI Update – Gold loans – Irregular practices observed in grant of loans against pledge of gold ornaments and jewellery
The Reserve Bank has recently carried out a review of the adherence to prudential guidelines as well as practices being
RBI Update – Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Government of India (Gol), vide Trade Notice dated August 31, 2024, read with Trade Notice dated September 17,
RBI Update – Liberalised Remittance Scheme (LRS) for Resident Individuals- Discontinuation of Reporting of monthly return
It has now been decided to discontinue the requirement for submission of LRS monthly return
RBI Update – Review of Extant Instructions – Withdrawal of Circulars
List of circulars withdrawn Sr. No. Circular No. Date Subject Rationale for withdrawal 1. RPCD.No.SP.BC.14/PS.160-87/88
RBI update – Scheme for Trading and Settlement of Sovereign Green Bonds in the International Financial Services Centre in India
The Scheme shall apply to investments in Sovereign Green Bonds issued by the Government of