| Notifications/Circulars |
Category : RBI |
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RBI Circular - Memorandum of Procedure for channeling transactions through Asian Clearing Union (ACU)
Posted Date : 08-Oct-2015 , 05:37:15 pm | Posted By: Aarti Sharma
RBI/2015-16/203
A. P. (DIR Series) Circular No. 21
October 08, 2015
To
All Authorised Dealer Category-I banks
Madam / Sir,
Memorandum of Procedure for channeling transactions
through Asian Clearing Union (ACU)
Attention of Authorised Dealer Category-I banks is invited to the Memorandum containing detailed procedural instructions for channeling transactions through the Asian Clearing Union (ACU) (Memorandum ACM) issued on February 17, 2010 and the subsequent amendment to the s...
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RBI Circular - Risk Weights for Claims on Foreign Central Banks
Posted Date : 08-Oct-2015 , 05:36:05 pm | Posted By: Aarti Sharma
RBI/2015-16/202
DBR.BP.BC.No.43/21.06.001/2015-16
October 8, 2015
All Commercial Banks
(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Risk Weights for Claims on Foreign Central Banks
Please refer to paragraph 5.3 of theMaster Circular DBR.No.BP.BC.1/21.06.201/2015-16dated July 1, 2015on Basel III Capital Regulations prescribing risk weights for claims on Foreign Sovereigns.
2. The matter of risk weights in respect of claims on foreign central banks has been e...
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RBI Circular - Risk Management & Inter-Bank Dealings: Booking of Forward Contracts - Liberalisation
Posted Date : 08-Oct-2015 , 05:35:11 pm | Posted By: Aarti Sharma
RBI/2015-16/201
A. P. (DIR Series) Circular No. 20
October 8, 2015
To,
All Authorised Dealer Category - I banks
Madam / Sir,
Risk Management & Inter-Bank Dealings: Booking of Forward Contracts - Liberalisation
Attention of Authorised Dealers Category-I (AD Cat-I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA/25/RB-2000 dated May 3, 2000) as amended from time to time and...
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RBI Circular - Individual Housing Loans: Rationalisation of Risk-Weights and LTV Ratios
Posted Date : 08-Oct-2015 , 05:33:42 pm | Posted By: Aarti Sharma
RBI/2015-16/200
DBR.BP.BC.No. 44/08.12.015/2015-16
October 8, 2015
All Scheduled Commercial Banks
Dear Sir,
Individual Housing Loans: Rationalisation of Risk-Weights and LTV Ratios
Please refer to paragraph 4 of thecircular DBOD.BP.BC.No.104/08.12.015/2012-13 dated June 21, 2013on ‘Housing Sector: New Sub-sector CRE (Residential Housing) within CRE & Rationalisation of Provisioning, Risk-weight and LTV Ratios’, wherein the LTV ratios and risk weights for individua...
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RBI Circular - Investment by Foreign Portfolio Investors (FPI) in Government Securities
Posted Date : 06-Oct-2015 , 06:37:51 pm | Posted By: Aarti Sharma
RBI/2015-16/198
A.P. (DIR Series) Circular No 19
October 6, 2015
To,
All Authorised Persons
Madam/ Sir,
Investment by Foreign Portfolio Investors (FPI) in Government Securities
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No. FEMA.20/2000- RB dated May 3, 2000, as amended from time to time....
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RBI Circular - Auction of Government of India Dated Securities
Posted Date : 06-Oct-2015 , 06:37:00 pm | Posted By: Aarti Sharma
RBI/2015-16/197
Ref.No. IDMD/670/08.02.032/2015-16
October 05, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue/new) four dated securities for notified amount of ₹15,000 crore as per the following details:
Sr No
Security
Notifi...
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RBI Circular - Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions – Modifications
Posted Date : 01-Oct-2015 , 05:09:51 pm | Posted By: Aarti Sharma
RBI/2015-16/196
DNBR.CC.PD.No. 069/03.10.01/ 2015-16
October 01, 2015
To
All NBFC-MFIs
Madam/ Sir
Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions – Modifications
In terms of extant instructions on pricing of credit by MFIs, the maximum variance between the minimum and maximum interest rate on loans cannot exceed 4 per cent.
2. The National Scheduled Castes Finance & Development Corporation (NSFDC) under the Ministry of Social ...
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RBI Circular - Regularisation of assets held abroad by a person resident in India under Foreign Exchange Management Act, 1999
Posted Date : 01-Oct-2015 , 05:08:23 pm | Posted By: Aarti Sharma
RBI/2015-16/195
A.P. (DIR Series) Circular No.18
September 30, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Regularisation of assets held abroad by a person resident in India under Foreign Exchange Management Act, 1999
The Government of India has enacted The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (Black Money Act) on May 26, 2015 to address the issue of undisclosed assets held abroad. It provides for separate taxati...
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RBI Circular - Standing Liquidity Facility for Primary Dealers
Posted Date : 29-Sep-2015 , 05:44:40 pm | Posted By: Aarti Sharma
RBI/2015-16/192
REF.No.MPD.BC. 379/07.01.279/2015-16
Ashwina 7,1937 (Saka)
September 29, 2015
To
All Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facility for Primary Dealers
Please refer to theFourth Bi-monthly Monetary Policy Statement, 2015-16 by Dr. Raghuram G. Rajan, Governor dated September 29, 2015, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 50 basis points from 7.25 per cent to 6.75 per cent with immediate e...
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RBI Circular - Marginal Standing Facility
Posted Date : 29-Sep-2015 , 05:42:12 pm | Posted By: Aarti Sharma
RBI/2015-2016/191
FMOD.MAOG. No. 111/01.18.001/2015-16
September 29, 2015
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Marginal Standing Facility
As announced by the Governor today, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 7.25 per cent to6.75 per centwith immediate effect.
Consequent to the change in the Repo rate, the Marginal Standing Facility (MSF) rate will stand adjusted to7.75 per c...
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RBI Circular - Liquidity Adjustment Facility – Repo and Reverse Repo Rates
Posted Date : 29-Sep-2015 , 05:41:05 pm | Posted By: Aarti Sharma
RBI/2015-2016/190
FMOD.MAOG. No. 110/01.01.001/2015-16
September 29, 2015
All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced by the Governor today, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 7.25 per cent to6.75 per centwith immediate effect.
Consequent ...
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RBI Circular - Auction of Government of India Dated Securities
Posted Date : 29-Sep-2015 , 05:39:36 pm | Posted By: Aarti Sharma
RBI/2015-16/189
Ref No. IDMD/608 /08.02.032/2015-16
September 28, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) four dated securities for notified amount of Rs 15,000 crore as per the following details:
Sr No
Security
Notifie...
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RBI Circular - Banknotes with new numbering pattern and special features for the visually impaired
Posted Date : 24-Sep-2015 , 06:07:35 pm | Posted By: Aarti Sharma
RBI/2015-16/188
DCM (Plg) No.G-6/1128/10.01.24/2015-16
September 24, 2015
The Chairman / Managing Director/ Chief Executive Officer
All Banks
Dear Sir /Madam
Banknotes with new numbering pattern and special features for the visually impaired
Reserve Bank of India is issuing Banknotes in Mahatma Gandhi Series 2005 with a new numbering pattern and special features for the visually impaired in ₹ 100, 500 and 1000 denominations (images of bank...
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RBI Circular- Prudential Norms on Change in Ownership of Borrowing Entities (Outside Strategic Debt Restructuring Scheme)
Posted Date : 24-Sep-2015 , 06:06:46 pm | Posted By: Aarti Sharma
RBI/2015-16/187
DBR.BP.BC.No.41/21.04.048/2015-16
September 24, 2015
All Scheduled Commercial Banks
(excluding RRBs)
All-India Term-lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Prudential Norms on Change in Ownership of Borrowing Entities (Outside Strategic Debt Restructuring Scheme)
Please refer to ourcircular DBR.BP.BC.No.101/21.04.132/2014-15 dated June 8, 2015on “Strategic Debt Restructuring Scheme (SDR)”, in terms of which ...
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RBI Circular - Half yearly/Quarterly Review of Accounts of Public Sector Banks
Posted Date : 24-Sep-2015 , 06:06:01 pm | Posted By: Aarti Sharma
RBI/2015-16/186
DBS. ARS.No. BC. 5/08.91.001/2015-16
September 23, 2015
All Public Sector Banks
Dear Sir/Madam,
Half yearly/Quarterly Review of Accounts of Public Sector Banks
Please refer to our circulars DBS.ARS.No.BC.13/08.91.001/2000-01 dated May 17, 2001, DBS.ARS.No.BC. 4/08.91.001/2001-02 dated October 25, 2001 and DBS.ARS.No. BC.17/08.91.001/2002-03 dated June 5, 2003 on conduct of Half yearly/Quarterly Review of Accounts of Public Sector Banks.
2. It is clarified that ...
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RBI Circular - Processing and settlement of import and export related payments facilitated by Online Payment Gateway Service Providers
Posted Date : 24-Sep-2015 , 06:05:06 pm | Posted By: Aarti Sharma
RBI/2015-16/185
A.P. (DIR Series) Circular No.16
September 24, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Processing and settlement of import and export related payments facilitated by Online Payment Gateway Service Providers
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to theA. P. (DIR Series) Circular No.109 dated June 11, 2013read withA.P. (DIR Series) Circular No.17 dated November 16, 2010in terms of which AD Category-I bank...
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RBI Circular - Opening of foreign currency accounts in India by ship-manning / crew-management agencies
Posted Date : 24-Sep-2015 , 06:04:05 pm | Posted By: Aarti Sharma
RBI/2015-16/184
A.P. (DIR Series) Circular No.15
September 24, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Opening of foreign currency accounts in India by ship-manning / crew-management agencies
Attention of Authorised Dealer Category-I (AD Category - I) banks is invited to Regulation 6 of Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2000 notified videNotification No. FEMA 10/2000-RB dated May 3, 2000, as...
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RBI Circular - Partial Credit Enhancement to Corporate Bonds
Posted Date : 24-Sep-2015 , 06:03:08 pm | Posted By: Aarti Sharma
RBI/2015-16/183
DBR.BP.BC.No. 40/21.04.142/2015-16
September 24, 2015
All Scheduled Commercial Banks
(excluding RRBs)
Partial Credit Enhancement to Corporate Bonds
Please refer to the draft guidelines proposing to allow banks to offer partial credit enhancement (PCE) to corporate bonds, issued onMay 20, 2014for comments/ feedback.
2. Taking into account the feedback received, and with a view to encouraging corporates to avail of bond financing, it has been decided to allow banks...
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RBI Circular - Framework for Revitalising Distressed Assets in the Economy
Posted Date : 24-Sep-2015 , 06:02:10 pm | Posted By: Aarti Sharma
RBI/2015-16/182
DBR.BP.BC.No.39/21.04.132/2015-16
September 24, 2015
All Scheduled Commercial Banks
(excluding RRBs)
All-India Term-lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Framework for Revitalising Distressed Assets in the Economy – Review of the Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP)
Please refer to the ‘Framework for Revitalising Distressed Assets in the Economy’ issued on o...
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RBI Circular- Constitution of the Audit Committee of the Board
Posted Date : 24-Sep-2015 , 06:01:10 pm | Posted By: Aarti Sharma
RBI/2015-16/181
DBS.ARS.BC 4/08.91.020/2015-16
September 24, 2015
The Chairman & Managing Director
Public Sector Banks
Dear Sir/Madam
Constitution of the Audit Committee of the Board
We invite a reference to paragraph A(3)(i) of circular DOS.No.BC.14/Admn. /919/16.13.100/95 dated September 26, 1995 on composition of the Audit Committee of the Board (ACB) of Public Sector Banks.
In this connection we advise that should a bank have more than one ED, the ED in-charge of inte...
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RBI Circular - Auction of Government of India Dated Securities
Posted Date : 22-Sep-2015 , 06:31:35 pm | Posted By: Aarti Sharma
RBI/2015-16/180
Ref. No.IDMD/561/08.02.032/2015-16
September 21, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) four dated securities for notified amount of Rs 14,000 crore as per the following details:
Sr No
Security
Notified...
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RBI Circular - Guidelines on Compensation of Chief Executive Officer/ Whole Time Directors
Posted Date : 16-Sep-2015 , 05:19:59 pm | Posted By: Aarti Sharma
RBI/2015-16/178
DBR.Dir.BC.No.38/13.03.00/2015-16
September 16, 2015
All Commercial Banks
Dear Sir/Madam
Guidelines on Compensation of Chief Executive Officer/ Whole Time Directors – Restrictions under Section 20 of the Banking Regulation Act, 1949 – Loans to Directors
Section 20 of Banking Regulation Act, 1949 (B.R. Act, 1949) prohibits banks from granting any loan or advance to any of its Directors. However, in exercise of the powers conferred by clause (a) of the E...
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RBI Circular - Exim Bank's GoI supported Line of Credit of USD 26.24 million to the Government of Republic of Nicaragua
Posted Date : 16-Sep-2015 , 05:13:46 pm | Posted By: Aarti Sharma
RBI/2015-16/177
A.P. (DIR Series) Circular No.14
September 16, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's GoI supported Line of Credit of USD 26.24 million
to the Government of Republic of Nicaragua
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated March 25, 2015 with the Government of Republic of Nicaragua, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 26.24 million...
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RBI Circular - Equity Investment by Banks – Review
Posted Date : 16-Sep-2015 , 05:11:49 pm | Posted By: Aarti Sharma
RBI/2015-16/176
DBR.No.FSD.BC.37/24.01.001/2015-16
September 16, 2015
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir/ Madam,
Equity Investment by Banks – Review
Please refer to circulars DBOD BP(FSC) 1854/C-469-89 dated May 27, 1989 and DBOD FSC BC 45/C.469 dated October 15, 1991, in terms of which banks cannot participate in the equity of financial services ventures including stock exchanges, depositories, etc., without obtaining the prior specific approval of t...
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RBI Circular - Trade Credit Policy - Rupee (INR) Denominated trade credit
Posted Date : 10-Sep-2015 , 06:41:06 pm | Posted By: Aarti Sharma
RBI/2015-16/175
A.P. (DIR Series) Circular No.13
September 10, 2015
To,
All Authorised Dealer Category – I Banks
Madam/ Sir
Trade Credit Policy - Rupee (INR) Denominated trade credit
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to Schedule III to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 notified videNotification No. FEMA 3/2000-RB dated May 03, 2000read with Regulation 6(3) of the said ...
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RBI Circular - Guidelines for Grant of Authorisation for Additional Branches of FFMC/AD Cat. II
Posted Date : 10-Sep-2015 , 06:37:20 pm | Posted By: Aarti Sharma
RBI/2015-16/174
A.P. (DIR Series) Circular No.12
September 10, 2015
To
All Authorised Persons
Madam/Sir,
Guidelines for Grant of Authorisation for Additional Branches of FFMC/AD Cat. II
Attention of FFMC/AD Cat. II licence holders is invited to paragraph (B) of Annex- I toA.P. (DIR Series) Circular No. 57 dated March 9, 2009on Memorandum of Instructions governing money changing activities, wherein guidelines for grant of authorization for additional branches had been given.
...
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RBI Circular - Exchange Earners’ Foreign Currency (EEFC) Account-Discontinuation of Statement pertaining to trade related loans and advances
Posted Date : 10-Sep-2015 , 06:36:09 pm | Posted By: Aarti Sharma
RBI/2015-16/173
A.P. (DIR Series) Circular No.11
September 10, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exchange Earners’ Foreign Currency (EEFC) Account-
Discontinuation of Statement pertaining to trade related loans and advances
Attention of Authorized Dealers Category –I (AD Category –I) banks is invited toA.P. (DIR Series) Circular No.78 dated February 14, 2003in terms of which transactions relating to loans/ advances from EEFC accou...
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RBI Circular - Procedure for payment of commission by banks to authorised agents on sale of Kisan Vikas Patra
Posted Date : 10-Sep-2015 , 06:34:57 pm | Posted By: Aarti Sharma
RBI/2015-16/172
DGBA.GAD.No.990 /15.02.003/2015-16
September 10, 2015
The Chairman/Chief Executive Officer
Agency Banks Handling the Scheme of Kisan Vikas Patra, 2014
Dear Sir
Procedure for payment of commission by banks to authorised agents on sale of Kisan Vikas Patra
Department of Economic Affairs, Ministry of Finance, Government of India has advised, vide Office Memorandum F.No.2/4/2014-N...
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RBI Circular - Auction of Government of India Dated Securities
Posted Date : 08-Sep-2015 , 06:31:36 pm | Posted By: Aarti Sharma
RBI/2015-16/170
Ref. No. IDMD/475/08.02.032/2015-16
September 7, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) four dated securities for notified amount of Rs 14,000 crore as per the following details:
Sr No
Security
Notified...
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RBI Circular - Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
Posted Date : 04-Sep-2015 , 06:13:37 pm | Posted By: Aarti Sharma
RBI/2015-16/169
A.P. (DIR Series) Circular No.10
September 03, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985
between Government of India and erstwhile USSR
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 105 dated May 28, 2015wherein the Rupee value of the Special Currency Basket was indicated as Rs. 77.6331180 effective from May 06...
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