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Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation

 Notification No#RBI/2021-22/82 DOR.RET.REC.36/12.01.001/2021-22     09 August 2021

RBI/2021-22/82 DOR.RET.REC.36/12.01.001/2021-22 August 09, 2021 All Scheduled Banks Madam/Sir Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation Please refer to ..

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RBI Export Credit in Foreign Currency – Benchmark Rate

 Notification No#RBI/2021-2022/79 DOR.DIR.REC.37/04.02.002/2021-22     06 August 2021

RBI/2021-2022/79 DOR.DIR.REC.37/04.02.002/2021-22 August 6, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) All Primary (Urban) Co-operative Banks1 All Small Finance Banks Dear Sir / Madam, Export Credit in Foreign Currency – Benchmark Rate Please refer ..

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Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts

 Notification No#RBI/2021-22/81 DOR.MRG.39/21.04.157/2021-22     06 August 2021

RBI/2021-22/81 DOR.MRG.39/21.04.157/2021-22 August 06, 2021 All Banks Madam / Dear Sir, Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts Please refer to paragraph 2.2 of our circular DBOD.No.BP.BC.57/21.04.157/2008-09 dated ..

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Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised timelines for compliance

 Notification No#RBI/2021-22/80 DOR.STR.REC.38/21.04.048/2021-22     06 August 2021

RBI/2021-22/80 DOR.STR.REC.38/21.04.048/2021-22 August 6, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institu..

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IBBI signs a Memorandum of Understanding with National Stock Exchange of India for research collaboration

 Notification No#IBBI/PR/2021/17     06 August 2021

Insolvency and Bankruptcy Board of India Notification No. IBBI/PR/2021/17 6th August, 2021 Insolvency and Bankruptcy Board of India signs a Memorandum of Understanding with National Stock Exchange of India for research collaboration The Insolvency and Bankruptcy Board of India (IBBI) and..

Posted in Corporate Law

Statement on Developmental and Regulatory Policies

 Notification No#PR : 2021-2022/645     06 August 2021

Date : Aug 06, 2021 This Statement sets out various developmental measures including liquidity and regulatory measures. I. Liquidity Measures 1. On Tap TLTRO Scheme – Extension of Deadline With a view to increasing the focus of liquidity measures on revival of activity in spec..

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RBI Governor’s Statement : August 6, 2021

 Notification No#PR : 2021-2022/643     06 August 2021

Date : Aug 06, 2021 The Monetary Policy Committee (MPC) met on 4th, 5th and 6th August 2021. Based on an assessment of the evolving domestic and global macroeconomic and financial conditions and the outlook, the MPC voted unanimously to keep the policy repo rate unchanged at 4 per cent. The MPC a..

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RBI Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) August 4-6, 2021

 Notification No#PR : 2021-2022/644     06 August 2021

Date : Aug 06, 2021 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 6, 2021) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent..

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Notification under section 393A of the Companies Act, 2013

 Notification No#S.O. 3156(E)     05 August 2021

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th August, 2021 S.O. 3156(E).—In exercise of the powers conferred by section 393A of the Companies Act, 2013 (18 of 2013), the Central Government hereby exempts, from the provisions of sections 387 to 392 (both inclusive), the fol..

Posted in Corporate Law

Exchange rates Notification No.65/2021-Cus (NT) dated 5.8.2021

 Notification No#65/2021 – Customs (N.T.)     05 August 2021

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi ***** Notification No.65/2021 – Customs (N.T.) dated the 5th August, 2021 In exercise of the powers conferred by section 14 of the Customs ..

Posted in Custom