Compounding of contraventions under FEMA enables voluntary admission and penalty settlement that bars further proceedings.
Compounding under FEMA permits voluntary admission of breaches (except section 3(a)) and settlement by payment after submission of the prescribed application, supporting documents and fee. The Reserve Bank classifies contraventions as technical, material or sensitive; technical cases may receive cautionary advice, material cases are compounded by imposing a penalty following opportunity for personal hearing, and sensitive cases are referred for investigation. Payment of the compounding sum yields a compliance certificate and bars further proceedings in respect of that contravention.

Executive Director appointments in public sector banks approved, effective on assumption of charge and subject to superannuation or tenure limits.
Approval is granted for nine Executive Director appointments in public sector banks, effective from assumption of charge with a stated scale of pay and tenure limited either to the officer's date of superannuation or, in one case, to a five year term; each appointment is subject to earlier administrative orders.