STI NEWS;"ONLINE FOREX TRADING THROUGH INTERNET PORTAL IS ILLEGAL :RBI"plus 2 more

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• ONLINE FOREX TRADING THROUGH INTERNET PORTAL IS ILLEGAL :RBI
• “Set-off” of export receivables against import payables- Liberalization of Procedure
• Repayment of Term/Fixed Deposits in banks

ONLINE FOREX TRADING THROUGH INTERNET PORTAL IS ILLEGAL :RBI Posted: 20 Nov 2011 06:25 PM PST Attention of the Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 53 dated April 07, 2011 wherein AD Category I banks were advised to exercise due caution and be extra vigilant in respect... ......

“Set-off” of export receivables against import payables- Liberalization of Procedure Posted: 20 Nov 2011 06:22 PM PST Attention of Authorized Dealer Category – I (AD Category – I) banks is invited to the fact that the requests received from the exporters through their AD branches for set-off of export receivables against import payables are considered by the... ......

Repayment of Term/Fixed Deposits in banks Posted: 20 Nov 2011 06:20 PM PST It has come to our notice that some banks insist on the signatures of both the depositors to allow repayment of money in fixed/term deposits, though the deposit account is opened with operating instructions (sometimes called 'repayment... ......

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