CA World: Week 5, September 2017

Being an excellent CA is more a matter of working hard and smart. In this journey, all of us must have realised  that it is sometimes challenging to work when we do not feel like it. But then those are the times when we must work hard and not give up. That is when we become valuable to ourselves and everyone

Here come the updates from CA World for Week 5 of September. Happy Learning.

CA Related Updates

(25th September – 01st October 2017)

1. Investment by Foreign Portfolio Investors (FPIs) in corporate debt securities – Review

RBI, vide circular has inter-alia stated that masala bonds will no longer form a part of the limit for FPI investments in corporate bonds with effect from 3 October 2017. Such bonds will form a part of the external commercial borrowings and will be monitored accordingly.

You can read more about this here

2. Amendments to Master Direction – Reserve Bank of India (Financial Services provided by Banks) Directions, 2016

Reserve Bank of India (RBI) vide notification dated 25 September 2017 has issued amendments to Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016.

These directions would apply to scheduled commercial banks (excluding an RRB).

Following are the major amendments:

·         No bank shall hold more than 10% of equity of an NBFC

·         No bank shall make an investment of more than 10% in Real Estate Investment Trust/Infrastructure                        Investment Trust

·         No bank shall make an investment in Category III Alternative Investment Fund.

You can read more about this here

 

We hope you had a happy learning. See you again next Monday.

Keep Rising and Keep Shining.

Project Veda

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