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RBI GUIDELINES FOR EXPORTERS
Banks seek RBI clarity on forex hedge curbs, warn rules may hit genuine trade flows amid delaysBanks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could ...
RBI announces measures to help exporters amid high US tariffsThe Reserve Bank of India announced steps to support exporters. This action addresses challenges from US tariffs. The RBI extended the repa...
Banks get tough on write-off of service export receivablesBanks are now closely scrutinizing write-offs of service export receivables due to suspicions of money parking abroad. Regulations permit l...
ET Explainer: What RBI's norms on penal charges mean for borrowersThe Reserve Bank of India (RBI) has implemented new guidelines on penal charges for loan accounts starting from April 1. These regulations ...
Commerce ministry suggests banks to provide export credit in foreign currency to e-commerce exportersThis assumes significance as the new Foreign Trade Policy 2023 is also aimed at promoting exports through the e-commerce medium.
Indian Banks' Association, FIEO to organise sensitisation programmes on promoting rupee tradeThe move to open the special vostro account clears the deck for settlement of payments in rupee for trade between India and Russia, enablin...
Rupee settlement allowed for international trade"Given the rise in interest in internationalisation of Indian rupee, the given policy amendments have been undertaken to facilitate and to ...
Uncertain times ahead for exporters as RBI’s draft OEIF guidelines excludes services exportsIndia has always been a leader in services exports with a consistently growing share in the global services exports market.
For over 3-lakh service exporters, RBI’s draft OEIF guidelines a shot in the arm for the gig economyIndia is one of the biggest services export markets, with the estimated value of services exports amounting to $ 22.52 billion as of March ...
Supreme Court upholds RBI's guidelines prohibiting export of PPE kitsJustice Chandrachud, writing the 55-page judgement, said it was not the stance of the court that the power of "judicial review is stowed in...
RBI examining priority sector lending norms for export credit: Piyush GoyalThe government has taken various steps to increase the flow of credit to MSMEs exporters.
Priority sector lending to benefit only a few exporters: FIEOEven though RBI revised guidelines on priority sector lending, caps on turnover and sanctioned limits would limit these benefits to merely ...
RBI eases forward forex contracts norms for importersProviding importers with greater flexibility in hedging, RBI today allowed them book forward foreign exchange contracts up to 50 per cent o...
- FIEO wants banks to share losses on derivatives
Reserve Bank should ask banks to share up to 50 per cent of the losses suffered by exporters on derivative contracts they have entered to h...
- Mint St forges forex shield for exporters
Treasury managers in the foreign exchange market point out there have been instances where banks allegedly mis-sold derivative products to ...
- RBI to unveil easier export credit norms
The RBI will soon come up with guidelines to reduce the processing charges and speedy loan sanctions to exporters, as part of efforts to in...
- Forward cover for exim trade hiked to 100%
The RBI has relaxed norms relating to booking of forward contracts and allowed exporters and importers to book forward contracts up to 100%...