Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
The Foreign Exchange Management Act, 1999 (FEMA) was enacted by the Indian Parliament to consolidate and amend the law relating to foreign exchange. Its primary objective is to facilitate external…
India’s exchange control regime is primarily governed by the Foreign Exchange Management Act, 1999 (FEMA). This legislation regulates foreign exchange transactions with the objective of facilitating external trade and payments…
The 10th edition of FEDAI Rules came in force from 01 April 2019. As per the guidelines FEDAI rule no.2.4, if the Authorised Dealer accepts change in the tenor of…
With effect from April 1st, 2013, the bank carrying out inter-bank VOSTRO transfer by RTGS should follow the procedure as detailed below as per FEDAI rule no. 4.6; i) In…
The 10th edition of FEDAI Rules came in force from 01 April 2019. As per the guidelines FEDAI rule no.2.5, the realization proceeds of foreign currency export bill sent for…
The FEDAI Rules (10th edition) for import transactions came in to force with effect from 01 April 2019. Regarding foreign exchange contracts the FEDAI rule 5 specifies the norms detailed…
The 10th edition of FEDAI Rules came in force from 01 April 2019. Concepts of normal transit period and notional due date are linked to the interest rate on export…
EXIM Bank of India was established by the Government of India in 1982 under the Export-Import Bank of India Act, 1981 for financing, facilitating, and promoting India’s international trade. The…
The basic functions of RBI (Reserve Bank of India) are “to regulate the issue of Bank Notes and keeping of reserves to secure monetary stability in India and generally to…
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