Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- Specified Bank Notes (SBNs) – Fraudulent Practices
Posted Date : 23-Nov-2016 , 07:48:48 am | Posted By: CASANSAAR
RBI/2016-17/147
DCM (Plg) No.1341/10.27.00/2016-17
November 22, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Fraudulent Practices
It has been brought to our notice that at certain places, few bank branch offi...
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RBI |
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Making cash available for Rabi Crop Season – Advisory to banks
Posted Date : 23-Nov-2016 , 07:47:44 am | Posted By: CASANSAAR
RBI/2016-17/148
DCM (Plg) No.1345/10.27.00/2016-17
November 22, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Making cash available for Rabi Crop Season – Advisory to banks
As you all are aware the Rabi crop season has ...
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RBI |
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Revised simplified procedure for fixation of brand rates
Posted Date : 22-Nov-2016 , 10:24:37 pm | Posted By: CASANSAAR
F.No.609/84/2016-DBK
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Drawback Division, New Delhi
Circular No. 54/2016-Customs, Dated: November 22, 2016
To,
Principal Chief Commissioners/ Directors General
Chief Commissioners/ Directors General
Principal Commissioners/Commissioners,
all under CBEC
Subject: Further rationalization of revised simplified procedure for fixation of brand rates
It has been brought to notice...
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Custom |
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CBDT amends Rules relating to business connection of offshore funds
Posted Date : 22-Nov-2016 , 10:21:15 pm | Posted By: CASANSAAR
S.O. 3498(E).—In exercise of the powers conferred by section 295 read with section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-...
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CBDT |
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Withdrawal of Legal Tender Character of existing Rs. 500/- and Rs.1000/- Bank Notes – Revisions
Posted Date : 22-Nov-2016 , 08:20:06 am | Posted By: CASANSAAR
RBI/2016-17/146
DCM (Plg) No.1323/10.27.00/2016-17
November 21, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District
Central Co-operative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Revisions
Please refer to ourCircular No.DCM (Plg) No.1226...
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RBI |
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RBI Circular - Cash withdrawal for purpose of celebration of wedding
Posted Date : 22-Nov-2016 , 08:18:57 am | Posted By: CASANSAAR
RBI/2016-17/145
DCM (Plg) No.1320/10.27.00/2016-17
November 21, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding
Please refer to ourCircula...
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RBI |
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Withdrawal of Legal Tender Character of Specified Bank Notes – Cash Withdrawal Limit
Posted Date : 22-Nov-2016 , 08:17:55 am | Posted By: CASANSAAR
RBI/2016-17/142
DCM (Plg) No.1317/10.27.00/2016-17
November 21, 2016
The Chairman / Managing Director/Chief Executive Officer
Public Sector Banks / Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/
District Central Cooperative Banks
Dear Sir,
Withdrawal of Legal Tender Character of Specified Bank Notes –
Cash With...
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RBI |
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Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Posted Date : 22-Nov-2016 , 08:16:45 am | Posted By: CASANSAAR
RBI/2016-17/143
DBR.No.BP.BC.37/21.04.048/2016-17
November 21, 2016
All Entities Regulated by the Reserve Bank of India
Madam / Dear Sir,
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
It has been represented to us that consequent upon withdrawal of the legal tender status of the existing ₹ 500 and ₹ 1,000 notes (SBN) small borrowers may need some more time to repay their loan dues. Taking these representations into consid...
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RBI |
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MCA amends Depreciation schedule of Companies Act
Posted Date : 18-Nov-2016 , 10:11:53 pm | Posted By: CASANSAAR
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART
II, SECTION 3, SUB-SECTION OA
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
Notification
New Delhi, 17th November, 2016
G.S.R. 1075(E).—In exercise of the powers conferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following further amendments to amend Schedule II to the said Act, namely:‑
1. In the Companies Act, 2013, in Schedule I...
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Companies Act |
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Cash Withdrawal at Point-of-Sale (POS) - Withdrawal limits and customer fee/charges - Relaxation
Posted Date : 18-Nov-2016 , 10:06:25 pm | Posted By: CASANSAAR
RBI/2016-17/140
DPSS.CO.PD.No.1280/02.14.003/2016-17
November 18, 2016
The Chairman and Managing Director / Chief Executive Officers
All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks /
State Co-operative Banks / District Central Co-operative Banks /
All Card Network Providers
Dear Madam / Sir,
Cash Withdrawal at Point-of-Sale (POS) - Withdrawal limits and customer fee/charges - Relaxation
A reference is invited to our circularsDPSS.CO.PD.No.147/02.14.003...
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RBI |
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Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- Bank Notes – Exchange over the counters
Posted Date : 18-Nov-2016 , 07:53:57 am | Posted By: CASANSAAR
RBI/2016-17/139
DCM (Plg) No.1302/10.27.00/2016-17
November 17, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Exchange over the counters
Please refer to ourCircular No. DCM (Plg) No.1226/10.27.00/2016-17 dat...
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RBI |
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Investment by Foreign Portfolio Investors (FPI) in corporate debt securities
Posted Date : 18-Nov-2016 , 07:53:08 am | Posted By: CASANSAAR
RBI/2016-17/138
A.P. (DIR Series) Circular No.19
November 17, 2016
To,
All Category – I Authorised Dealer banks
Madam / Sir,
Investment by Foreign Portfolio Investors (FPI) in corporate debt securities
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to paragraph 1 of Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No.FEMA 20/2...
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FEMA |
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Foreign Exchange Management (Insurance) Regulations, 2015
Posted Date : 18-Nov-2016 , 07:52:01 am | Posted By: CASANSAAR
RBI/2016-17/137
A.P. (DIR New Series) Circular No.18 [(1)/12 (R)]
November 17, 2016
To
All Category - I Authorised Dealer Banks
Madam/ Sir
Foreign Exchange Management (Insurance) Regulations, 2015
Attention of Authorised Dealers (ADs) is invited toA.D (M.A. Series) Circular No. 11 dated May 16, 2000in terms of which ADs were advised of various Rules, Regulations, Notifications/ Directions issued under the Foreign Exchange Management Act, 1999 (hereinafter referred to as the Act)...
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FEMA |
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Withdrawal of Legal Tender Character of Specified Bank Notes – Compliance with provisions of 114B of the Income Tax Rules, 1962
Posted Date : 16-Nov-2016 , 05:23:29 pm | Posted By: CASANSAAR
RBI/2016-17/135
DCM (Plg) No.1287/10.27.00/2016-17
November 16, 2016
The Chairman / Managing Director/Chief Executive Officer
Public Sector Banks / Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Withdrawal of Legal Tender Character of Specified Bank Notes –
Compliance with provisions of 114B of the Income Tax Rules, 1962
Please refer to ourCircular DCM (Plg) No.1226/10.27.00/2016-17 dated November ...
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RBI |
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Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch Licensing - Census data 2011
Posted Date : 16-Nov-2016 , 05:22:34 pm | Posted By: CASANSAAR
RBI/2016-17/134
DBR.RRB.BC.No.36/31.01.002/2016-17
November 16 , 2016
All Regional Rural Banks
Dear Sir / Madam,
Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch
Licensing - Census data 2011
Please refer to our Master circular on Branch LicensingDBR.CO.RRB.BL.BC.No.17/31.01.002/2015-16 dated July 1, 2015. As the Census data for 2011 are available in public domain, Regional Rural Banks are advised to follow Census 2011 for all purposes of categorisations...
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RBI |
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Deferred payment of Customs duty - CBEC
Posted Date : 16-Nov-2016 , 10:05:04 am | Posted By: CASANSAAR
Kind attention is invited to Customs Notification No. 134/2016-Customs (N.T) & 135/2016-Customs (N.T.) dated 2" November, 2016 permitting Importers certified under Authorized Economic Operator Programme as AEO (Tier-Two) and AEO (Tier-Three) to make deferred payment of duty of Customs....
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Custom |
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Standard Operating Procedure (SOP) for putting indelible ink on the finger of the customers coming to a bank branch for SBNs
Posted Date : 16-Nov-2016 , 10:01:30 am | Posted By: CASANSAAR
RBI/2016-17/133
DCM (Plg) No.1280/10.27.00/2016-17
November 15, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks
Dear Sir
Standard Operating Procedure (SOP) for putting indelible ink on the finger of the customers coming to a bank branch for SBNs
...
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RBI |
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Usage of ATMs – Waiver of customer charges
Posted Date : 14-Nov-2016 , 08:51:44 pm | Posted By: CASANSAAR
RBI/2016-17/132
DPSS.CO.PD.No.1240/02.10.004/2016-2017
November 14, 2016
The Chairman and Managing Director / Chief Executive Officers
All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks /
State Co-operative Banks / District Central Co-operative Banks
White Label ATM Operators
Dear Madam/ Sir,
Usage of ATMs – Waiver of customer charges
A reference is invited to thecircular DPSS.CO.PD.No.316/02.10.002/2014-2015 dated August 14, 2014on rationalisation ...
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RBI |
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Expanding the distribution locations for deposit and withdrawal of cash - RBI
Posted Date : 14-Nov-2016 , 08:50:54 pm | Posted By: CASANSAAR
RBI/2016-17/131
DCM (Plg) No. 1274/10.27.00/2016-17
November 14, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/
District Central Cooperative Banks
Dear Sir,
Withdrawal of Legal Tender Character of Specified Bank Notes –
Expanding the distribution locations for deposit and withdrawal of cash
Please refer to ourCircular No. ...
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RBI |
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Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- Bank Notes – Applicability of the Scheme to DCCBs
Posted Date : 14-Nov-2016 , 08:49:53 pm | Posted By: CASANSAAR
RBI/2016-17/130
DCM (Plg) No.1273/10.27.00/2016-17
November 14, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Foreign Banks/Regional Rural
Banks / Urban Co-operative Banks / State Co-operative Banks/ District Central
Cooperative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Applicability of the Scheme to DCCBs
Please refer to ourCircular No. DCM (Plg) No....
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RBI |
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Issue of Pre-Paid Instruments to foreign tourists
Posted Date : 11-Nov-2016 , 09:46:12 pm | Posted By: CASANSAAR
RBI/2016-17/127
A.P. (DIR Series) Circular No. 17
November 11, 2016
To
All Authorised Persons
Madam / Sir,
Issue of Pre-Paid Instruments to foreign tourists
Attention of Authorised Persons is invited to theA.P. (DIR Series) Circular No. 16 dated November 9, 2016on Withdrawal of the legal tender character of the existing and any older series banknotes in the denominations of ₹ 500 and ₹ 1000.
2. The circular inter alia instructs Authorized Persons to facilitate exchange ...
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FEMA |
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Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- Bank Notes – Reporting and Monitoring
Posted Date : 11-Nov-2016 , 09:45:29 pm | Posted By: CASANSAAR
RBI/2016-17/125
DCM (Plg) No.1264/10.27.00/2016-17
November 11, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ Cooperative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Reporting and Monitoring
Please refer to Para 4 (Reporting Mechanism) of DCM, COCircular DCM (Plg) No.1226/10.27.00/2016-17 da...
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RBI |
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Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- Bank Notes –Limit for Withdrawal of Cash
Posted Date : 11-Nov-2016 , 09:41:36 pm | Posted By: CASANSAAR
RBI/2016-17/124
DCM (Plg) No.1256/10.27.00/2016-17
November 11, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/
Regional Rural Banks / Urban Cooperative Banks/
State Cooperative Banks
Dear Sir
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes –Limit for Withdrawal of Cash
Please refer to ourcircular DCM (Plg) No.1251/10.27.00/2016-17 November 10, 2016on the capti...
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RBI |
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Limit for Withdrawal of Cash - RBI
Posted Date : 11-Nov-2016 , 08:00:25 am | Posted By: CASANSAAR
RBI/2016-17/123
DCM (Plg) No.1251/10.27.00/2016-17
November 10, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/
Regional Rural Banks / Urban Cooperative Banks/
State Cooperative Banks
Dear Sir
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes –Limit for Withdrawal of Cash
Please refer to ourcircular DCM (Plg) No.1226/10.27.00/2016-17 November 08, 2016.
2. In t...
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RBI |
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Schemes for Stressed Assets - Revisions
Posted Date : 11-Nov-2016 , 07:58:30 am | Posted By: CASANSAAR
RBI/2016-17/122
DBR.No.BP.BC.34/21.04.132/2016-17
November 10, 2016
All Scheduled Commercial Banks
(Excluding RRBs),
All-India Term-lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Non-Banking Financial Companies, including
Securitisation Companies/ Reconstruction Companies
Madam / Dear Sir,
Schemes for Stressed Assets - Revisions
In the recent past, the Reserve Bank of India has taken various regulatory measures to strengthen the lenders’ abilit...
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RBI |
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Scheme for Sustainable Structuring of Stressed Assets - Revisions
Posted Date : 11-Nov-2016 , 07:57:37 am | Posted By: CASANSAAR
RBI/2016-17/121
DBR.No.BP.BC.33/21.04.132/2016-17
November 10, 2016
All Scheduled Commercial Banks
(Excluding RRBs),
All-India Term-lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Non-Banking Financial Companies, including
Securitisation Companies/ Reconstruction Companies
Madam / Dear Sir,
Scheme for Sustainable Structuring of Stressed Assets - Revisions
We invite a reference to the paragraph 6 of the Statement on Developmental and Regulatory Policie...
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RBI |
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Guidelines on capital requirements for bank exposures to central counterparties
Posted Date : 11-Nov-2016 , 07:56:48 am | Posted By: CASANSAAR
RBI/2016-17/120
DBR.No.BP.BC.30/21.06.201/2016-17
November 10, 2016
The Managing Director/
Chief Executive Officer
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Madam / Dear Sir,
Guidelines on capital requirements for bank exposures to central counterparties
Please refer to the paragraph 4 ofStatement on Developmental and Regulatory Policies issued by RBI on October 4, 2016. It was indicated therein that RBI will issue final guidelines on capital requirements...
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RBI |
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Guidelines for computing exposure for counterparty credit risk arising from derivative transactions
Posted Date : 11-Nov-2016 , 07:55:56 am | Posted By: CASANSAAR
RBI/2016-17/119
DBR.No.BP.BC.29/21.06.201/2016-17
November 10, 2016
The Managing Director/
Chief Executive Officer of
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Madam / Dear Sir,
Guidelines for computing exposure for counterparty credit risk arising from derivative transactions
Please refer to the paragraph 4 of theStatement on Developmental and Regulatory Policies issued by RBI on October 4, 2016. It was indicated therein that RBI will issue final guideli...
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Category :
RBI |
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Setting up of IFSC Banking Units (IBUs) – Permissible activities
Posted Date : 11-Nov-2016 , 07:55:10 am | Posted By: CASANSAAR
RBI/2016-17/118
DBR.IBD.BC.32/23.13.004/2016-17
November 10, 2016
Chairman/Managing Director and CEOs
All Scheduled Commercial Banks (excluding Regional Rural Banks)
Dear Sir/Madam,
Setting up of IFSC Banking Units (IBUs) – Permissible activities
Please refer to ourcircular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015setting out RBI directions relating to IFSC Banking Units (IBUs). We have received a few suggestions and queries during the last few months refle...
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RBI |
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RTGS, NEFT, Cheque Clearing, Repo, CBLO and Call markets to remain open on Saturday and Sunday
Posted Date : 10-Nov-2016 , 07:13:59 pm | Posted By: CASANSAAR
RBI/2016-17/116
DPSS (CO) RTGS No.1212/04.04.002/2016-17
November 10, 2016
The Chairman / Managing Director and Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/
Small Finance Banks / Regional Rural Banks / Local Area Banks
All Cooperative Banks
Dear Sir,
Payment Systems (RTGS, NEFT, Cheque Clearing, Repo, CBLO and Call markets) to remain open on Saturday, November 12 and Sunday, November 13, 2016
Consequent to the banks being open for public ...
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RBI |
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