• Reserve Bank of India Circulars

Reserve Bank of India Circulars

Number Date Issued By Subject
A.P. (DIR Series) Circular No.17 28-07-14 Reserve Bank of India

External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling

A.P. (DIR Series) Circular No.16 28-07-14 Reserve Bank of India

Trade Credits for Imports into India — Review of all-in-cost ceiling

A.P. (DIR Series) Circular No.139 05-06-2015 Principal Chief General Manager, RBI Please click on the link below to view circular.
Foreign investment by way of FDI, investment by FIIs/FPIs and NRIs up to 26% under automatic route shall be permitted in insurance sector subject to the conditions specified in the Press Note 2 (2014 Series) dated February 4, 2014.
A.P. (DIR Series) Circular No.142 12-06-2014 Chief General Manager, RBI Click on the link below to view the circular


Transfer of assets of Liaison Office (LO) / Branch Office (BO) / Project Office (PO) of a foreign entity either to its Wholly Owned Subsidiary (WOS) / Joint Venture (JV) / Others in India– Delegation of powers to AD Banks.
RBI delegates the powers relating to transfer of assets of LO/BO/PO to AD Category-I banks subject to compliance with the stipulated stipulations
A.P. (DIR Series) Circular No.130 16-05-2014 Chief General Manager-in-Charge FED, (RBI) External Commercial Borrowings (ECB) from Foreign Equity Holder – Simplification of Procedure:
(i) Proposals for raising ECB by companies belonging to manufacturing, infrastructure, hotels, hospitals and software sectors from indirect equity holders and group companies.
(ii) Proposals for raising ECB for companies in miscellaneous services from direct / indirect equity holders and group companies.
(iii) Proposals for raising ECB by companies belonging to manufacturing, infrastructure, hotels, hospitals and software sectors for general corporate purpose (including working capital financing).
(iv) Proposals involving change of lender when the ECB is from FEH – direct / indirect equity holders and group company.
D/o IPP F. No. 5(1)/2014-FC.I 17-04-14 Department of Industrial Policy & Promotion
A.P. (DIR Series) Circular No. 86 09-01-2014 Chief General Manager In-Charge, RBI Issue of equity shares or  preference shares/debentures to foreign investors with optionality clauses now permitted subject to conditions.
A.P. (DIR Series) Circular No. 87 09-01-2014 Chief General Manager In-Charge, RBI Resident Bank account maintained by residents in India – Liberalization permitting joint holding by resident holder with NRI close relative.
A.P. (DIR Series) Circular No. 90 09-01-2014 Chief General Manager In-Charge, RBI Clarifications regarding holding, owning, transferring or investing in foreign currency, foreign security or any immovable property situated outside India by a person resident in India [S. 6(4) of FEMA, 1999].
A.P. (DIR Series) Circular No.93 15-01-2014 Chief General Manager, RBI No General Permission for entities registered in / resident of Hong Kong and Macau, for establishment of Liaison/ Branch/ Project Offices or any other place of business in India by whatever name called. Such entities are now required to obtain prior approval from the RBI.
A.P. (DIR Series) Circular No. 94 16-01-2014 Chief General Manager In-Charge, RBI Exchange Rate to be applied for conversion of External Commercial Borrowing and Lumpsum Fee/Royalty into Equity
RBI/2013-14/453 DBOD.BP.BC.No.86 /21.01.023 /2013-14 20-01-2014 Chief General Manager, RBI Loan to Value Ratio of 75% prescribed by RBI for Loans by banks against gold ornaments and jewellery.