GDT-Q2-H1-2020

The Role of Gold in India’s Household Economy

Gold Demand Trends – First Quarter 2015

MUDRA Elgibility for Refinancing

Gold Demand Trends Full Year 2014

Key Features of Budget 2014-2015

Role of NBFCs in Financial Sector: Regulatory Challenges

PRE-BUDGET MEMORANDUM – ISSUES RELATING TO ASSET FINANCING NBFCs

NBFCs adhere to all rules and regulations of RBI – Thomas George Muthoot

Latest Report from World Gold Council

Non-Banking Finance Companies: Game Changers

The Indian financial sector consists of a wide variety of institutions which cater to different market segments.

Gold loan lenders start lowering rates.

On the back of Reserve bank of India enhancing loan to value (LTV) ratio - the loan to value ratio implies the amount of loan availed for every gram of gold pledged for gilt lenders to 75% from 60%, lenders have started to lower rates to increse business flow.

Industry expected more from Mor panel

The recommendations of the Nachiket Mor Committee, released by the RBI on January 7,2014, falls short of the expectations of the NBFC’s.

Report of the Nachiket Mor Committee on Comprehensive Financial Services released

Committee on Comprehensive Financial Services for Small Businesses and Low Income Households.

RBI hikes lending limit of NBFCS upto 75%.

Redo NBFC classification

The Nachiket Mor panel on financial services for small businesses and low income households says by January l, 2016, at least one ofthe deposit products accessible to every resident through the payment access points.

RBI norms prompt gold loan companies to offer new products

The strict regulatory norms announced by the Reserve Bank of India (RBI) have prompted gold loan companies to diversify their product offering and to venture into new segments.

RBI asks NBFCs to get ready for Settlement of Dues through Lok Adalat to be held on November 23, 2013

The Reserve Bank of India (RBI) has appealed to all Non-Bank Finance Companies (NBFCs) to participate in the Lok Adalat being organised by National Legal Services Authority (NALSA) on November 23, 2013.

Third quarter 2013

Third quarter gold demand of 868.5 tonnes was worth US$37bn.

Second Quarter Review of Monetary Policy 2013-14

Gold: Economists need to change

Macro economists in India perceive gold as a wasteful asset and as the villain of the Indian economy. But gold has repeatedly emerged as the winner against economists, confounded their theories and perplexed them.

Inclusion — don’t count on banks

We need thousands of small private sector financial intermediaries for promoting financial inclusion.

Tying investors into gold bonds can help slash the CAD

Memorandum of Instructions governing money changing activities – Location of Forex Counters in International Airports in India

On a review, it has been decided to allow non-residents to carry Indian currency upto a maximum of `.10,000/- beyond Immigration/Customs desk to the Duty Free Area/Security Hold Area (SHA).

Lending Against Security of Single Product – Gold Jewellery

Financial Inclusion in India: Journey So Far And Way Forward

Returns to be submitted by NBFCs- Introduction of ‘Branch info’ return

Please refer to the DNBS (PD).CC.No.243/03.02.02/2011-12 dated September 22, 2011 on submission of returns by NBFCs. In terms of the extant instructions NBFCs are required to file various periodical returns.

After rupee plunge, FM may find some relief on rising gold prices

Banking Structure in India – The Way Forward

Gold Demand Trends

Q2 gold demand totalled 856.3 tonnes, worth US$39bn. Lower prices generated another surge in quarterly jewellery demand

Overseas Direct Investments

Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to the

Liberalised Remittance Scheme for Resident Individuals

Liberalised Remittance Scheme for Resident Individuals- Reduction of limit from USD 200,000 to USD 75,000

Import of Gold by Nominated Banks /Agencies/Entities

All Scheduled Commercial Banks which are Authorised Dealers (ADs) in Foreign Exchange/ All Agencies nominated for import of gold.

Banking Structure in India – Looking Ahead by Looking Back

For the fifth year on a trot, you have given me the privilege of inaugurating this prestigious and influential FICCI-IBA Annual Banking Conference. In my fifth year as Governor of RBI, I have the Governor’s annual schedule firmly ingrained in my mind.

Raghuram Rajan is the next RBI Governor

Chief Economic Advisor Raghuram Rajan will be the next Reserve Bank of India (RBI) Governor after incumbent D Subbarao retires in September.

Permitting Non Banking Finance Companies to issue ‘shelf prospectus’- Representation to S. Raman, SEBI

NBFC’s occupy a vital role in the Indian economy. Historically, NBFC’s have been playing a useful role in the credit structure of the country. This role has been recognised by the Government and NBFC’s have been permitted to raise resources to the extent of around seven times their Net Owned Fund.

Permitting Non Banking Finance Companies to issue ‘shelf prospectus’ – Representation to Ananta Barua, SEBI

NBFC’s occupy a vital role in the Indian economy. Historically, NBFC’s have been playing a useful role in the credit structure of the country. This role has been recognised by the Government and NBFC’s have been permitted to raise resources to the extent of around seven times their Net Owned Fund

First Quarter Review of Monetary Policy 2013-14

Financing of Infrastructure – Definition of ‘Infrastructure Lending’

Government of India, vide its Gazette Notifications dated April 5, 2013 and May 9, 2013, has updated the Harmonised Master List of Infrastructure sub-sectors and added the following new sub-sectors to the Notification dated March 27, 2012:

NBFC-AFC robust performance in the middle of a slowdown

After a prolonged period of disheartening economic indices of inflation, exchange rates, GDP and CAD (current account deficit), we could see the beginnings of a silver lining within these dark cloudsin the form of shrinkages in CAD and inflation.

Raising Money through Private Placement by NBFCs-Debenture etc and the clarification issued

Import of Gold by Nominated Banks /Agencies/Entities

Gold loan NBFCs plan public offer of nonconvertible dentures

Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligations under Prevention of Money Laundering Act (PMLA), 2002

External Commercial Borrowings (ECB) Policy – Non-Banking Finance Company – Asset Finance Companies (NBFC – AFCs)

Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 5 dated August 1, 2005 and A.P. (DIR Series) Circular No. 69 dated January 7, 2013 relating to External Commercial Borrowings (ECB).

Payment of interest on overdue public deposits

Kindly refer to clause (10) of paragraph 4 of Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2007. NBFCs are at times required to freeze the term deposits of customer based on the orders of the enforcement authorities or the deposit receipts are seized by the enforcement authorities.

Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) – Unique Customer Identification Code for Banks Customers in India (UCIC)

Please refer to our circular DNBS.(PD).CC.No.325/03.10.42/2012-13 dated May 3, 2013 on the captioned subject, advising NBFCs to initiate steps for allotting UCIC to all their customers while entering into any new relationships for individual customers to begin with, and to existing individual customers by end-June 2013

Master Circular- Introduction of New Category of NBFCs – ‘Non Banking Financial Company-Micro Finance Institutions’ (NBFC-MFIs) – Directions

As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars / notifications. The instructions contained in the circular updated as on June 30, 2013 are reproduced below.

Raising Money through Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification

We have received a number of queries in the matter from the industry. The main refrain of the sector is that the withdrawal of the current facility of issuing NCDs without any restrictions would result in adversely impacting their Asset Liability Management.

Financing of Infrastructure – Definition of ‘Infrastructure Lending’

Please refer to our circular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012 on ‘Definition of Infrastructure Lending’, whereby our definition of Infrastructure Lending was harmonised with that of the ‘Master List of Infrastructure sub-sectors’ notified by the Government of India on March 27, 2012.

Raising Money through Private Placement by NBFCs-Debentures etc.

RBI releases Financial Stability Report: June 2013

Smart things to know: Loan against gold

Import of Gold by Nominated Banks/Agencies

Govt, RBI are again getting it all wrong on Gold

Import of Gold by Nominated Banks/Agencies

Reserve Bank of India – Monetary Policy Statement 2013-14

No impact of price fall on gold financiers: AGLOC

Industry body recommends cut in gold’s LTV ratio

FIDC News- Allow NBFC’s to pursue financial inclusion agenda

Memorandum of Instructions governing money changing activities

SPECIMEN APPLICATION FORM FOR REGISTRATION WITH RBI

Gold loan companies lower rates

Bank Finance for Purchase of Gold

Reserve Bank of India Guidelines for Licensing of New Banks in the Private Sector

RBI releases Guidelines for Licensing of New Banks in the Private Sector

Guidelines on Fair Practices Code for NBFCs – Grievance Redressal Mechanism – Nodal Officer

RBI releases the Rao Committee report- 06/02/2013

Regulation of Shadow Banking – Issues and Challenges by Anand Sinha

Financial Inclusion of Urban Poor in India

Maintenance of Cash Reserve Ratio (CRR)

Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002

Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002

RESERVE BANK OF INDIA Third Quarter Review of Monetary Policy 2012-13

NBFC’s: The Big Squeeze. Business world

Segregate the exposure of HFC’s & NBFC’s for debt mutual funds

Trillion dollar question: why do Indians prefer gold?

RBI draft report recommendation to enhance loan to value ratio from 60% to 75% will enable us to improve our business: Gold loan companies

Dr. Urjit Patel takes over as RBI Deputy Governor

FIDC NBFC seminar – Press coverage

RBI on new norms for NBFC’s

RBI draft report recommendation to enhance loan to value ratio

Report of the Working Group to Study the Issues Related to Gold Imports and Gold Loans by NBFCs

Cash-for-gold loans hide shadow-banking risks in India

Standardisation and Enhancement of Security Features in Cheque Forms – Migrating to CTS 2010 Standards

Checklist for NBFCs, Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs), Non Banking Financial Company-Factoring Institutions (NBFCFactors) and Core Investment Companies (CICs)

Core Investment Companies -Overseas Investment (Reserve Bank) Directions, 2012

NBFCs well placed to comply with RBI’s latest norms

Gold imports provide aam aadmi with capital convertibility: Swaminathan S A Aiyar

Take loan against gold for quick funds

Banks gain little of what NBFC’s lost, local lenders real bebficiaries

Bright side to India’s gold fetish

Second Quarter Review of Monetary Policy 2012-13 – Definition of ‘Infrastructure Lending’

Readiness of major service providers to migrate from IPv4 to IPv6

Money Transfer Service Scheme – List of Sub Agents

Memorandum of Instructions governing Money Changing Activities

Standardisation and Enhancement of Security Features in Cheque Forms – Migrating to CTS 2010 Standards

Major changes likely in gold loan norms soon

Second Quarter Review of Monetary Policy 2012-13

Uploading of Reports in ‘Test Mode’ on FINnet Gateway Reporting

Gold but no cash? Try the gold loan

All about Reserve Bank’s overkill on gold loans

High time the RBI bought more gold

Foreign Exchange Management Act, 1999-Import of gold in any form including jewellery made of gold/precious metals or / and studded with diamonds / semi precious / precious stones – clarification

The Non Banking Financial Company (Factors) Directions, 2012

Gold loan companies cut rates by 300 bps on new norms

Report of the Central Board of Directors on the working of the Reserve Bank of India for the year ended June 30, 2012 submitted to the Central Government in terms of Section 53(2) of the Reserve Bank of India Act, 1934

Gold loan portfoloios of banks have gone up considerably

As banks cut in gold loan firms ease rates & terms

Revisions to the Guidelines on Securitisation Transactions

Govt carrying misconception on gold NBFCs: AGLOC

Leading Gold Loan NBFC’s slash interest rates to retain customers

The First Mile Walk into Financial Inclusion – Thinking Differently

Master Circulars- Miscellaneous Instructions to All Non-Banking Financial Companies

Risks in gold loans overstated

First quarter review of Monetary Policy 2012-13

Indian passion for gold get American Glitter

Guidelines issued for class of NBFC – Factor

Restructuring of loans and advances is accepted across most jurisdictions as a legitimate mechanism through which banks try to support the viable accounts to preserve the economic value of their loans.

Will 90% NBFCs lose RBI registration due to new norms

Investors may face 25% cost rise as panel okays expense ratio hike

Issues and Challenges in Financial Inclusion : Policies, Partnerships, Processes and Products

Agricultural Credit – Accomplishments and Challenges

Financial Stability Report, June 2012

Gold Loan NBFC’s see muted growth

RBI rules out equal treatment for NBFC’s with banks

Gold loan companies insist on efficient KYC practices after RBI missive

Gold loan firms setting up SRO as RBI tightens screws

Gold loan firms to form self-regulatory body

Gold’s tarnished safe haven status gets a polish

Gold is not a wasteful investment

RBI measures a credit positive for Gold Loan companies; though could impact profitability