| Notifications/Circulars |
Category : RBI |
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RBI Circular - Priority Sector Lending - Revised Reporting System
Posted Date : 12-Jun-2015 , 10:53:33 am | Posted By: Aarti Sharma
RBI/2014-15/639
FIDD.CO.Plan.BC.No.58/04.09.001/2014-15
June 11, 2015
The Chairman / Managing Director /
Chief Executive Officer
[All scheduled commercial banks
(excluding regional rural banks)]
Madam/Dear Sir,
Priority Sector Lending - Revised Reporting System
As you are aware, priority sector guidelines have been revised videcircular FIDD.CO.Plan.BC.54/04.09.01/2014-15 dated April 23, 2015, wherein it was advised that separate guidelines relating to priority sector data repo...
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RBI Circular - Master Circular – “Non-Banking Financial Companies – Corporate Governance (Reserve Bank) Directions, 2015”
Posted Date : 11-Jun-2015 , 06:47:53 pm | Posted By: Aarti Sharma
RBI/2014-15/632
DNBR (PD) CC No.040/03.01.001/2014-15
June 03, 2015
To
All Non-Banking Financial Companies (NBFCs),
Dear Sirs,
Master Circular – “Non-Banking Financial Companies – Corporate Governance (Reserve Bank) Directions, 2015”
As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues updated circulars/notifications. The instructions contained in theNotification No. DNBR. 019/CGM (CDS...
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RBI Circular - Strategic Debt Restructuring Scheme
Posted Date : 09-Jun-2015 , 07:41:04 am | Posted By: CASANSAAR
RBI Circular/2014-15/627
DBR.BP.BC.No.101/21.04.132/2014-15
June 8, 2015
All Scheduled Commercial Banks
(excluding RRBs)
All-India Term-lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Strategic Debt Restructuring Scheme
Please refer to ourcircular DBOD.BP.BC.No.97/21.04.132/2013-14 dated February 26, 2014on “Framework for Revitalising Distressed Assets in the Economy – Guidelines on Joint Lenders’ Forum (JLF) and Corrective A...
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RBI Circular - Submission of Long Form Audit Report (LFAR) by Concurrent Auditors
Posted Date : 04-Jun-2015 , 06:09:36 pm | Posted By: Aarti Sharma
RBI/2014-15/626
DBS.CO.ARS.BC.8/08.91.001/2014-15
June 2, 2015
CMD of Nationalized Banks
Chairman SBI
MD of Associate Banks of SBI
Madam/Dear Sir,
Submission of Long Form Audit Report (LFAR) by Concurrent Auditors
In terms of enclosure 1 of RBI circular DBS.CO.PP.BC.11/11.01.005/2001-2002 dated April 17, 2002 all the banks were advised, inter alia, as under:
LFAR in respect of branch should be addressed by the branch auditors to the Chairman of the bank, concerned with a cop...
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RBI Circular - Change in Bank Rate
Posted Date : 02-Jun-2015 , 06:05:34 pm | Posted By: Aarti Sharma
RBI/2014-15/624
DBR.No.Ret.BC. 99 /12.01.001/2014-15
June 02, 2015
All Scheduled Commercial Banks,
Local Area Banks and RRBs
Dear Sir,
Change in Bank Rate
Please refer tocircular DBR.No.Ret.BC.73/12.01.001/2014-15 dated March 04, 2015on the captioned subject.
2. As announced in thePress Release 2014-15/2547 dated June 02, 2015, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from June 02, 2015.
3. All penal interest rates on...
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RBI Circular - Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 02-Jun-2015 , 06:04:13 pm | Posted By: Aarti Sharma
RBI/2014-15/621
REF.No.MPD.BC.378/07.01.279/2014-15
Jyeshtha 12,1937(Saka)
June 2, 2015
To
All Scheduled Banks [excluding Regional Rural Banks(RRBs)]
and Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facilities for
Banks and Primary Dealers
Please refer to theSecond Bi-monthly Monetary Policy Statement, 2015-16 by Dr. Raghuram G. Rajan, Governor dated June 2, 2015, i...
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Guidelines on Compensation of Non-executive Directors of Private Sector Banks
Posted Date : 02-Jun-2015 , 08:00:25 am | Posted By: CASANSAAR
RBI/2014-15/617
DBR.No.BC.97/29.67.001/2014-15
June 1, 2015
The Managing Director and CEO
All Private Sector Banks
Dear Sir/Madam,
Guidelines on Compensation of Non-executive Directors of
Private Sector Banks
The need to bring in professionalism to the boards of banks cannot be overemphasized. In order to enable banks to attract and retain professional directors, it is essential that such directors are appropriately compensated. At present, banks in private sector pay only sitt...
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Issue of Long Term Bonds by banks for Financing of Infrastructure and Affordable Housing – Cross Holding
Posted Date : 02-Jun-2015 , 07:57:53 am | Posted By: CASANSAAR
RBI/2014-15/618
DBR.BP.BC.No.98/08.12.014/2014-15
June 01, 2015
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir,
Issue of Long Term Bonds by banks for Financing of Infrastructure and Affordable Housing – Cross Holding
Please refer to ourcircular DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014allowing banks to issue long term bonds, with exemptions from certain regulatory pre-emptions, for their financing of infrastructure and affordable housing loans. Furth...
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RBI Circular - Hedging of Commodity Price Risk - Creating awareness among borrowers
Posted Date : 28-May-2015 , 06:19:51 pm | Posted By: Aarti Sharma
RBI/2014-15/612
DBR.No.BP.BC.96 /21.04.157/2014-15
May 28, 2015
The Chairman and Managing Director/Chief Executive Officer
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir / Madam,
Hedging of Commodity Price Risk - Creating awareness among borrowers
Banks provide a number of credit facilities to customers engaged in activities related to agriculture. One of the prominent,albeitindirect, risks in this sector is that of volatility in agricultural commodity...
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RBI Circular - National Urban Livelihoods Mission (NULM ) - Reporting Format
Posted Date : 28-May-2015 , 06:18:30 pm | Posted By: Aarti Sharma
RBI/2014-15/613
FIDD.CO.GSSD.BC.No.57/09.16.003/2014 - 15
May 28, 2015
The Chairman / Managing Director
All Scheduled Commercial Banks
Dear Sir,
National Urban Livelihoods Mission (NULM ) - Reporting Format
Please refer to ourCircular RPCD.CO.GSSD.BC.No.26/09.16.03/2014-15 dated August 14, 2014on Self Employment Programme (SEP) under National Urban Livelihoods Mission (NULM).
2. In order to monitor progress of thetargetsvis a visachievementunder NULM, Banks are advised to fur...
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RBI - Rupee Drawing Arrangement - Increase in trade related remittance limit
Posted Date : 21-May-2015 , 06:15:43 pm | Posted By: Aarti Sharma
RBI/2014-15/603
A. P. (DIR Series) Circular No. 102
May 21, 2015
To,
All Authorised Dealer Category - I Banks
Madam / Sir,
Rupee Drawing Arrangement - Increase in trade related remittance limit
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to Part (B) of Annex-I to theA.P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008on Memorandum of Instructions for Opening and Maintenance of Rupee/ Forei...
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RBI - Scheme of Incentives & Penalties – Review
Posted Date : 21-May-2015 , 06:14:28 pm | Posted By: Aarti Sharma
RBI/2014-15/604
DCM (CC) No. 4846/03.41.01/2014-15
May 21, 2015
The Chairman & Managing Director /
Chief Executive Officer,
All Banks
Madam / Dear Sir,
Scheme of Incentives & Penalties – Review
Please refer to ourMaster Circular DCM (CC) No.G-5/03.39.01/2014-15 dated July 1, 2014on the captioned subject.
2. As you are aware, the scheme of Incentives & Penalties was introduced in 2008 and has been revised expanding...
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RBI - Lending against security of single product - Gold Jewellery
Posted Date : 21-May-2015 , 06:13:10 pm | Posted By: Aarti Sharma
RBI/2014-15/605
DNBR.CC.PD.No.036/03.10.01/2014-15
May 21, 2015
To
All NBFCs (excluding PDs)
Dear Sirs,
Lending against security of single product - Gold Jewellery
Please refer to thecirculars DNBS.CC.PD.No.356/03.10.01/2013-14 dated September 16, 2013andDNBS.CC.PD.No.365/03.10.01/2013-14 dated January 08, 2014on the captioned subject.
2. The Bank has prescribed that the valuation of gold jewellery for arriving at the Loan-To-Value (LTV) shall be done at the average of the cl...
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RBI - External Commercial Borrowings (ECB) denominated in Indian Rupees (INR) – Mobilisation of INR
Posted Date : 21-May-2015 , 06:10:17 pm | Posted By: Aarti Sharma
RBI/2014-15/608
A. P. (DIR Series) Circular No. 103
May 21, 2015
To
All Category-I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) denominated in Indian Rupees (INR) – Mobilisation of INR
Attention of Authorized 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 ...
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RBI Circular - Provisioning pertaining to Fraud Accounts
Posted Date : 14-May-2015 , 06:05:42 pm | Posted By: Aarti Sharma
RBI/2014-15/594
DCBR.BPD (PCB/RCB) Cir.No.35/12.05.001/2014-15
May 14, 2015
The Chief Executive Officer
All Primary (Urban) Co-operative Banks /DCCBs/StCBs
Provisioning pertaining to Fraud Accounts
Please refer to the guidelines compiled inParagraph 3.3.1 (ii)of Master Circular on Prudential Norms on Income Recognition, Asset Classification and Provisioning and other related matters for UCBs dated July 1, 2014, and similar instructions for DCCBs & StCBs, in terms of which, in a...
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RBI Circular - Ready Forward Contracts in Corporate Debt Securities
Posted Date : 14-May-2015 , 06:04:05 pm | Posted By: Aarti Sharma
RBI/2014-15/595
FMRD.DIRD.08/14.03.002/2014-15
May 14, 2015
To All Market Participants
Ready Forward Contracts in Corporate Debt Securities
A reference is invited to ourcircular FMRD.DIRD.04/14.03.002/2014-15 dated February 3, 2015enclosing the Repo in Corporate Debt Securities (Reserve Bank) Directions, 2015. As indicated under paragraph 4 of the Directions, the following entities are eligible to enter into ready forward contracts in corporate debt securities:
i. Any scheduled c...
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RBI Circular- Foreign Currency (Non-Resident) Account (Banks) (FCNR (B)) Scheme
Posted Date : 14-May-2015 , 06:02:20 pm | Posted By: Aarti Sharma
RBI/2014-15/596
A.P. (DIR Series) Circular No. 98
May 14, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Currency (Non-Resident) Account (Banks) (FCNR (B)) Scheme
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 2 of the Foreign Exchange Management (Deposit) Regulations, 2000, notified videNotification No. FEMA 5/2000-RB dated May...
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RBI Circular - Export of Goods and Services-Declaration of Exports of Goods/Software
Posted Date : 14-May-2015 , 05:59:50 pm | Posted By: Aarti Sharma
RBI//2014-15/599
A.P. (DIR Series) Circular No.101
May 14, 2015
To
All Authorised Dealers in Foreign Exchange
Madam / Sir,
Export of Goods and Services-
Declaration of Exports of Goods/Software
Attention of the Authorised Dealers is invited to Regulation 6 of theNotification No.FEMA 23/2000-RB dated May 3, 2000viz. Foreign Exchange Management (Export of Goods and Services) Regulations,...
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RBI Circular - Infrastructure Debt Funds (IDFs)
Posted Date : 14-May-2015 , 05:56:48 pm | Posted By: Aarti Sharma
RBI/2014-15/600
DNBR (PD) CC.No.035/03.10.001/2014-15
May 14, 2015
All NBFCs (excluding Primary Dealers)
Dear Sirs,
Infrastructure Debt Funds (IDFs)
Please refer to the Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011 issued videNotification No. DNBS.233/ CGM(US)-2011 dated November 21, 2011(the Directions) prescribing detailed guidelines on the regulatory framework for NBFCs to sponsor IDFs which are to be set up as NBFCs.
2. On a revie...
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RBI Circular - Framework for dealing with loan frauds
Posted Date : 07-May-2015 , 08:37:27 pm | Posted By: CASANSAAR
RBI Circular /2014-15/590
DBS.CO.CFMC.BC.No.007/23.04.001/2014-15
May 7, 2015
The Chairmen & Chief Executive Officers of
all Scheduled Commercial Banks (excluding RRBs)
and All India Select Financial Institutions
Dear Sir/Madam,
Framework for dealing with loan frauds
The rising trend in loan related frauds in the financial sector is a matter of serious concern. Equally disquieting is the delay in detection and reporting of such frauds by banks. The issues relating to pr...
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RBI Circular - Mandatory issue of acknowledgement to pensioners on submission of life certificates
Posted Date : 07-May-2015 , 06:08:58 pm | Posted By: Aarti Sharma
RBI Circular/2014-15/587
DGBA.GAD No.H- 5013/45.01.001/2014-15
May 07, 2015
The Chairman/ Chief Executive Officer
All Agency Banks
Dear Sir
Mandatory issue of acknowledgement to pensioners on submission of life certificates
In terms of extant instructions, all pensioners are required to furnish a life certificate to the pension disbursing bank every year in November for continuance of pension. This certificate can be submitted at any branch of the pension paying bank. The ...
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RBI Circular - Opening of branches/extension counters by State Co-operative Banks
Posted Date : 07-May-2015 , 06:07:43 pm | Posted By: Aarti Sharma
RBI Circular/2014-15/586
DCBR.CO.RCB.No.BC.34/19.51.008/2014-15
May 07, 2015
The CEOs of all State Co-operative Banks
Dear Sir/Madam,
Opening of branches/extension counters by State Co-operative Banks
Please refer to ourcircular RPCD.CO.RF.BC.No.14/07.06.00/2009-10 dated August 4, 2009on “Opening of new place of business by State Cooperative Banks”. The policy for opening of branches/extension counters/specialized branches within the area of operation of the S...
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Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions
Posted Date : 07-May-2015 , 06:03:14 pm | Posted By: Aarti Sharma
RBI/2014-15/589DPSS (CO) PD No.2112/02.14.003/2014-15
May 07, 2015
All Scheduled Commercial Banks including RRBs/Co-operative Banks / State Co-operative Banks/Central Co-operative Banks/ Authorised Card Payment Networks
Madam / Dear Sir,
Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions
A reference is invited to our circularsDPSS.PD.CO.No.513 / 02.14.003 / 2011-2012 dated September 22, 2011andDPSS (CO) PD No.2377 / 02.14.003 / 2012-13 dated June 24, ...
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Modalities for implementation of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Posted Date : 05-May-2015 , 09:52:05 pm | Posted By: CASANSAAR
RBI/2014-15/585
DCBR.BPD (PCB ) Cir.No.8/12.05.001/2014-15
May 5, 2015
The Chief Executive Officer
All Primary (Urban) Co-operative Banks.
Madam / Dear Sir,
Modalities for implementation of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Government of India, Ministry of Finance intends to roll out Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Scheme and Pradhan Mantri Suraksha Bima Yojana (PMSBY) from June 1st, 2015. ...
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RBI Circular - First Bi-monthly Monetary Policy Statement 2015-16 – Issue of Credit Cards by Scheduled Urban Cooperative Banks
Posted Date : 30-Apr-2015 , 06:24:18 pm | Posted By: Aarti Sharma
RBI/2014-15/577DCBR.CO.BPD.(SCB).No.1/13.05.000/2014-15
April 30, 2015
The Chief Executive Officers ofAll Scheduled Primary (Urban) Co-operative Banks
Dear Sir/Madam,
First Bi-monthly Monetary Policy Statement 2015-16 – Issue of Credit Cards by Scheduled Urban Cooperative Banks
Please refer to para 26 of First Bi-monthly Monetary Policy Statement 2015-16 (extract appended) by Reserve Bank of India on April 07, 2015 on the captioned subject.
2. With a view to enlarging the scope of Ur...
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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 : 30-Apr-2015 , 06:21:19 pm | Posted By: Aarti Sharma
RBI/2014-15/579A.P. (DIR Series) Circular No. 96
April 30, 2015
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985between Government of India and erstwhile USSR
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 29 dated September 12, 2014wherein the Rupee value of the Special Currency Basket was indicated as Rs. 80.580297 effective from September 09, 2...
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RBI Circular - Know Your Customer (KYC) guidelines - accounts of proprietary concerns
Posted Date : 30-Apr-2015 , 06:19:26 pm | Posted By: Aarti Sharma
RBI/2014-15/581DNBR(PD).CC.No.034/03.10.42/2014-15
April 30, 2015
All NBFCs
Dear Sir,
Know Your Customer (KYC) guidelines - accounts of proprietary concerns
Please refer tocircular No.DNBS.(PD).CC.No.275/03.10.42/2011-12 dated May 29, 2012on the captioned subject.
2. Reserve Bank has been receiving representations pointing out difficulties in complying with the requirement of furnishing two documents as activity proof while opening accounts of sole proprietary firms in certain cases. It is...
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RBI Circular - Acquisition of Accommodation on Lease/Rental basis by Commercial Banks for their use (i.e. for Office and Residence of Staff) – Liberalization of guidelines
Posted Date : 30-Apr-2015 , 06:15:59 pm | Posted By: Aarti Sharma
RBI/2014-15/582DBR.No.BAPD.BC.92/22.01.003/2014-15
April 30, 2015
All Commercial Banks (including RRBs)
Dear Sir/Madam,
Acquisition of Accommodation on Lease/Rental basis by Commercial Banks for their use (i.e. for Office and Residence of Staff) – Liberalization of guidelines
Please refer to Circulars DBOD.No.BL.BC.105/22.01.03/98 dated November 11, 1998,DBOD.No.BL.BC.32/22.01.003/2008-09 dated August 21, 2008andDBOD. No.BAPD.BC.59/22.01.003/2012-13 dated November 20, 2012on the above...
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RBI Circular - Rights of Transgender Persons - Changes in Bank Forms / Applications etc.
Posted Date : 30-Apr-2015 , 06:12:09 pm | Posted By: Aarti Sharma
RBI/2014-15/583DCBR.BPD (PCB/RCB) Cir. No.33/12.05.001/2014-15
April 30, 2015
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks /DCCBs/StCBs
Rights of Transgender Persons - Changes in Bank Forms / Applications etc.
It has been brought to our notice that transgender persons face difficulties in opening accounts as there is no provision for them in the account opening and other forms.
2. in this connection, banks are advised to refer to the judgement dated April 15, 2014 of th...
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RBI Circular - Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation
Posted Date : 23-Apr-2015 , 06:09:50 pm | Posted By: Aarti Sharma
RBI/2014-15/563DBR.No.BP.BC.88/21.04.048/2014-15
April 23, 2015
All Scheduled Commercial Banks(Excluding Regional Rural Banks)
Dear Sir,
Mandatory Leave for Employees Posted inSensitive Positions or Areas of Operation
Please refer to ourcircular DBS.CO.FrMC.BC.No.10/23.04.001/2010-11 dated May 31, 2011on ‘Findings of Forensic Scrutiny- Guidelines for prevention of frauds’, in terms of which banks were advised to immediately put in place ‘staff rotation’ policy and po...
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