NEW DELHI, Oct. 3 -- The Government of India issued the following FEMA circular: RBI/2025-26/91 A.P. (DIR Series) Circular No. 14 October 03, 2025 To, All Authorised Dealer Category-I banks Madam / Sir, International Trade Settlement in Indian Rupees (INR) Attention of Authorised Dealer Category - I banks (AD banks) is invited to Para 8(c) of A.P. (DIR Series) Circular No.10 dated July 11, 2022 wherein it has been indicated that the balance in Special Rupee Vostro Accounts can be used fo...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following notification: RBI/2025-26/91 A.P. (DIR Series) Circular No. 14 October 03, 2025 To, All Authorised Dealer Category-I banks Madam / Sir, International Trade Settlement in Indian Rupees (INR) Attention of Authorised Dealer Category - I banks (AD banks) is invited to Para 8(c) of A.P. (DIR Series) Circular No.10 dated July 11, 2022 wherein it has been indicated that the balance in Special Rupee Vostro Accounts can be used f...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following notification: RBI/2025-26/90 A.P. (DIR Series) Circular No. 13 October 03, 2025 To, All Authorised Dealer Category-I banks Madam / Sir Investment in Corporate Debt Securities by Persons Resident Outside India through Special Rupee Vostro account Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified, vide No...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: As announced in the Statement on Developmental and Regulatory Policies dated October 01, 2025, it has been decided to rationalize regulations pertaining to External Commercial Borrowing (ECB) included in the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 issued under FEMA, 1999. Salient features of the proposed regulations are as under: * The borrowing limits are proposed to be linked to...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 29, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Hassan District Co-operative Central Bank Ltd, Karnataka (the bank) for contravention of provisions of Section 19 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)'....
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: The Reserve Bank had issued the press release on 'Invitation of applications for recognition of Self-Regulatory Organisations (SROs) for NBFCs' dated June 19, 2024 inviting applications for recognising SROs for NBFC sector. 2. We had received three applications/ letters of interest for application for recognition as SRO for NBFCs. The applications/ references were examined against the relevant requirements as pr...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 20-Sep-2024 05-Sep-2025* 19-Sep-2025* 20-Sep-2024 05-Sep-2025* 19-Sep-2025* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 305203.01 322323.47 319556.99 309831.75 329890.75 327533.12** b) Borrowings from banks 134095.86 96816.68 84796.98 134219.35 96885.30 84841.98 c) Other...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: (Amount in ₹ Crore) Auction Results New GS 2035 I. Notified Amount 32,000 II. Competitive Bids Received (i) Number 365 (ii) Amount 1,39,545.000 III. Cut-off price / Yield 100.00 (YTM: 6.4800%) IV. Competitive Bids Accepted (i) Number 136 (ii) Amount 31,988.261 V. Partial Allotment Percentage of Competitive Bids 50.2579% (114 bids) VI. Weighted Average Price/Yield 100.01 (WAY: 6.4782%) VII. Non-Competitive...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: As announced in the Statement on Developmental and Regulatory Policies dated October 01, 2025, the Reserve Bank had issued the Foreign Exchange Management (Establishment in India of a Branch Office or a Liaison Office or a Project Office or any other place of business) Regulations, 2016, vide Notification No. FEMA 22(R)/2016-RB. dated March 31, 2016. 2. On a review, it has been decided to amend the extant regula...
MUMBAI, India, Oct. 3 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on October 03, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive...