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October 2015

A. P. (DIR Series) Circular No. 11 dated September 10, 2015

By Gaurang Gandhi Chartered Accountant

Reading Time 1 mins

Exchange Earners’ Foreign Currency (EEFC) Account – Discontinuation of Statement pertaining to trade related loans and advances

Presently, banks are required to report transactions relating to loans / advances from EEFC account on a quarterly basis to the Regional Office of RBI.

This circular states that banks are, with immediate effect, not required to submit the quarterly statement of loans / advances from EEFC account to the Regional Office of RBI.

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October 2015

A. P. (DIR Series) Circular No. 11 dated September 10, 2015

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A. P. (DIR Series) Circular No. 9 dated August 21, 2015

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October 2015

A. P. (DIR Series) Circular No. 11 dated September 10, 2015

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A. P. (DIR Series) Circular No. 9 dated August 21, 2015

A. P. (DIR Series) Circular No. 12 dated September 10, 2015