Yes, Reserve Bank on an application may permit a person resident in India to acquire foreign securities by way of rights shares issued by a company incorporated outside India up to an amount not exceeding US$ 20,000 in a block of five calendar years in case the existing shares were held in accordance with the provisions of the law.

Shares/debentures/bonds should be valued at prevailing market prices when they are lodged as security for advances.

Ans. Interoperability is the technical compatibility that enables a payment system to be used in conjunction with other payment systems. Interoperability has been allowed in PPIs through circular dated October 16, 2018 and it has been made mandatory vide circular dated May 19, 2021.

A. The overall track record of the Promoters/Promoter Group for at least 10 years will be seen in all its activities both financial and non-financial. If some, but not all, companies forming part of the Promoter Group have been in existence for less than 10

ಉತ್ತರ. ಪಿಪಿಐ ಇಂಟರ್ಆಪರೇಬಿಲಿಟಿಯ ಸೌಲಭ್ಯವನ್ನುಯಾವುದೇ ಅಧಿಕೃತ ಬ್ಯಾಂಕ್ ಅಥವಾ ಬಾಂಕೇತರ ಪಿಪಿಐ ನೀಡಿಕೆದಾರರು ಒದಗಿಸಬಹುದು.

No. For the purpose of the Scheme, an OBU in India is not treated as an overseas branch of a bank in India.

Yes, Reserve Bank on an application will permit the individual employees/directors of an Indian promoter company engaged in the field of software for acquisition of shares of a JV/WOS abroad provided -the consideration for purchase does not exceed US$ 10,000 or its equivalent per employee in a block of five calendar years,the shares so acquired do not exceed 5% of the paid-up capital of the Joint Venture or Wholly Owned Subsidiary outside India, andafter allotment of such shares, the percentage of shares held by the Indian promoter company, together with shares allotted to its employees is not less than the percentage of shares held by the Indian promoter company prior to such allotment.Further, Reserve Bank may also on an application made to it by an Indian company engaged in the field of software allow its resident employees (including working directors) to purchase foreign securities under the ADR/GDR linked stock option scheme provided the consideration for purchase does not exceed US$ 50,000 or its equivalent in a block of five calendar years.

Yes. For a period not exceeding one year against the expected equity flows/issues as also against the expected proceeds of Non-convertible Debentures, External Commercial Borrowings, Global Depository Receipts and/or funds in the nature of Foreign Direct Investments, provided the bank is satisfied that the borrowing company has made firm arrangements for raising the aforesaid resources/funds. Such loans are required to be accommodated within the ceiling of 5% of outstanding advances of the previous year.

A. The requirement that Promoters / Promoter Group should have a past record of sound credentials and integrity as a part of ‘Fit and Proper’ criteria is a matter of overall judgment and no indicative criteria can be spelt out. [para 2 (B) of the guidelines]

Ans. Yes, it is mandatory for a PPI issuer to allow interoperability. It is mandatory for the PPI issuer to give the holders of full-KYC PPIs interoperability through authorised card networks and UPI. All modes of acceptance (including QR codes) and PPI issuance are required to be interoperable by March 31, 2022.

Reserve Bank has given general permission to mutual funds approved by SEBI to purchase foreign securities, subject to such terms and conditions as may be stipulated.

The loans to individuals against the security of shares, debentures and PSU bonds if held in physical form should not exceed the limit of Rs.10 lakhs per borrower and Rs.20 lakhs if the securities are held in dematerialized form. The maximum amount of finance that can be granted to an individual for IPOs is Rs.10 lakh. The corporates should not be extended finance for investment in other companies’ IPOs and NBFCs should not be provided finance for further lending to individuals for IPOs. Finance extended by a bank for IPOs should be reckoned as an exposure to capital market.

A. No. NOFHC is to be wholly-owned by the Promoters/Promoter Group. Therefore, it cannot be a listed company. [para 2 (C) (i) of the guidelines]

ಉತ್ತರ. ಇಂಟರ್ಆಪರೇಬಿಲಿಟಿಯನ್ನು ಕೆವೈಸಿ ಕಂಪ್ಲೈಟ್ ಪಿಪಿಐಗಳಿಗಾಗಿ ಮಾತ್ರ ಅನುಮತಿಸಲಾಗುತ್ತದೆ.

A uniform margin of 40% has been stipulated for all advances against shares.

The shares of NOFHC can be held by individuals, corporate entities and companies belonging to the Promoter Group. An LLP and trust do not fall under any of these categories. Therefore, an LLP or trust cannot hold voting equity shares directly in the NOFHC but can hold indirectly through a company in the Promoter Group which holds voting equity shares of the NOFHC.

ಉತ್ತರ. ಪಿಪಿಐ ಅನ್ನು ವಾಲೆಟ್ ರೂಪದಲ್ಲಿ ನೀಡಲಾಗಿದ್ದರೆ, ಪಿಪಿಐಗಳಾದ್ಯಂತ ಇಂಟರ್ಆಪರೇಬಿಲಿಟಿಯಯನ್ನು ಯುಪಿಐ ಮೂಲಕ ಸಕ್ರಿಯಗೊಳಿಸಲಾಗುತ್ತದೆ. ಪಿಪಿಐ ಅನ್ನು ಕಾರ್ಡ್ನ ರೂಪದಲ್ಲಿ ನೀಡಿದ್ದರೆ,ಕಾರ್ಡ ಇಂಟರ್ಆಪರೇಬಿಲಿಟಿಗಾಗಿ ಅಧಿಕೃತ ಕಾರ್ಡ್ ನೆಟ್ವರ್ಕ್ಗೆ ಸಂಯೋಜಿತವಾಗಿರುತ್ತದೆ.

Yes, the profit making banks can make donations during a financial year, aggregating upto one per cent of the published profit of the bank for previous year inclusive of donations made earlier under exempted category and donations to National funds and other funds. Banks should not make donations in excess of prescribed ceiling of one per cent as stated above. Unutilised amount of the permissible limit in a year should not be carried forward to the next year for the purpose of making donations.

The shares of NOFHC can be held by individuals, corporate entities and companies belonging to the Promoter Group. An LLP and trust do not fall under any of these categories. Therefore, an LLP or trust cannot hold voting equity shares directly in the NOFHC but can hold indirectly through a company in the Promoter Group which holds voting equity shares of the NOFHC.