BANKING AND FINANCE NEWS

Revision of FEMA regulations

RBI’s Sixth Bi-Monthly Statement : Repo, CRR etc.

RBI issues second trench of Soverein Gold Bonds at ₹ 2,600/- per gram

Key policy rates remain unchanged in the 5th bi-monthly monitory policy statement of RBI

Postponement of issue date of Sovereign Gold Bonds 2015

Date extended for application for Bharat Bill Payment Operating units

Government announces the issue price of Sovereign Gold Bond (SGB) at Rs.2684/-

The issue price of Sovereign Gold Bond (SGB) fixed at Rs.2684/ per gram of gold

RBI nicks rate by 50 BPS, REPO rate under LAF reduced to 6.75%

10 entities got licences to set up Small Banks

Modalities for commission payable to KVP agents at Banks

RTGS time window w.e.f September 1, 2015

Second and fourth Saturdays are Public Holidays for Banks from September 2015

Extension of time for migration of existing magnetic stripe cards to EMV Chip and PIN based cards

Relief measures and rescheduling of loans in area affected by Natural Calamities

2nd and 4th Saturdays of every month are Public Holidays for Banks

Withdrawal of additional interest on Bank deposits: AGID,NGIF and AFGIS lost benefits

The key rates and LAF unchanged at 7.25 per cent

Overnight MIBID/MIBOR benchmark will be revised from July 22, 2015

Circulation of pre-2005 Currency notes extended up to December 31, 2015

RBI reduces Key Policy rates by 25 basis points

Rupee Vostro Account: Enhancement of transaction limit

Highlights of banks wage revision signed between IBA & UFBU on 25.05.2015

Bank Officers’ latest salary revision updates

No more ‘Calendar of Review’ at Banks’ Board

All new Debit and credit cards will be accomplished with EMV chip and PIN based with effect from September1, 2015

Rights of transgender persons – changes in bank forms/applications etc.

FDI: Payment in advance for VPN accounts- reporting on e-biz platform

Bank Deposits: Features of deposits with and without-premature-withdrawal facility

FDI in insurance sector permitted up to 49% with immediate effect

RBI notification on NPA status of projects under implementation

Merger of ING Vysya Bank with Kotak Mahindra Bank from April 1,2015

Special clearings in Banks on 30th & 31 March 2015

Extension of bank hours on 30th and 31st of March 2015

RBI releases Names of Applicants of Trade Receivables Discounting System (TReDS)