| Notifications/Circulars |
Category : RBI |
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RBI Circular - Special Clearing operations on March 30 and 31, 2015
Posted Date : 26-Mar-2015 , 06:04:55 pm | Posted By: Vijay
RBI/2014-15/517
DPSS.CO.CHD.No./1776/03.01.02/2014-2015
March 26, 2015
The Chairman and Managing Director / Chief Executive Officer
All Scheduled Commercial Banks including Regional Rural Banks/
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks/Local Area Banks
Madam / Dear Sir,
Special Clearing operations on March 30 and 31, 2015
A reference is invited to the circular issued by our Department of Government and Bank Accounts (DGBA.GAD.No...
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RBI Circulars - Annual Closing of Government Accounts – Transactions of Central/State Governments
Posted Date : 26-Mar-2015 , 12:33:11 pm | Posted By: Vijay
RBI/2014-15/515DGBA.GAD.No. 4318/42.01.029/2014-15
March 25, 2015
The Chairman/Chief Executive OfficerAll agency banks
Dear Sir/Madam,
Annual Closing of Government Accounts – Transactions of Central/State Governments – Special Measures for the Current Financial Year (2014-15)
The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be made for the purpo...
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RBI Circular - Annual Closing of Government Accounts – Transactions of Central/State Governments
Posted Date : 26-Mar-2015 , 12:26:48 pm | Posted By: Vijay
RBI/2014-15/515
DGBA.GAD.No. 4318/42.01.029/2014-15
March 25, 2015
The Chairman/Chief Executive Officer
All agency banks
Dear Sir/Madam,
Annual Closing of Government Accounts – Transactions of Central/State Governments – Special Measures for the Current Financial Year (2014-15)
The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be made...
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RBI Circular - Special Arrangements for Collection of Dues of Financial Year 2014-15
Posted Date : 26-Mar-2015 , 12:24:57 pm | Posted By: Vijay
RBI/2014-15/516
DGBA.GAD.No.4285/42.01.029/2014-15
March 25, 2015
The Chairman/Chief Executive Officer
All Agency Banks
Dear Sir / Madam,
Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2014-15
Please refer toCircular DGBA.GAD.No.H - 5495/42.01.029/2013-14 dated March 27, 2014advising the pr...
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GUIDELINES FOR RELIEF MEASURES BY BANKS IN AREAS AFFECTED BY NATURAL CALAMITIES
Posted Date : 25-Mar-2015 , 06:50:35 pm | Posted By: Vijay
RBI/2014-15/512
FIDD.No.FSD.BC.52/05.10.001/2014-15
March 25, 2015
The Chairman/Managing Director/Chief Executive Officer
All scheduled commercial banks
(excluding Regional Rural Banks)
Madam / Dear Sir,
GUIDELINES FOR RELIEF MEASURES BY BANKS
IN AREAS AFFECTED BY NATURAL CALAMITIES
Please refer to our ‘Master Circular RPCD.No.FSD.BC.07/05.04.02/2014-15 dated July 1, 2014’ on the above subject. The guidelines contained in the above circular have been revisited taki...
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RBI Circulars - Obligations under Prevention of Money-laundering Act (PMLA), 2002 - Money changing activities
Posted Date : 25-Mar-2015 , 06:47:40 pm | Posted By: Vijay
RBI/2014-15/513A.P. (DIR Series) Circular No. 87
March 25, 2015
To
All Authorised Persons
Madam/ Sir,
Know Your Customer (KYC) Norms / Anti Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) / Obligations under Prevention of Money-laundering Act (PMLA), 2002 - Money changing activities
Attention of Authorised Persons is invited to theA.P. (DIR Series) Circular No. 9 dated July 21, 2014, on the captioned subject read withA.P. (DIR Series) Circular No. 67 dated Janua...
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RBI Circulars - Obligations under Prevention of Money-laundering Act (PMLA), 2002 - Money Transfer Service Scheme (MTSS)
Posted Date : 25-Mar-2015 , 06:45:20 pm | Posted By: Vijay
RBI/2014-15/514
A.P. (DIR Series) Circular No. 88
March 25, 2015
To
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme.
Madam/ Sir,
Know Your Customer (KYC) Norms / Anti Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) / Obligations under Prevention of Money-laundering Act (PMLA), 2002 - Money Transfer Service Scheme (MTSS)
Attention of Authorised Persons (APs), who are Indian Agents under Money Transfer Service Scheme ...
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Guidelines on Sale of Financial Assets to Securitisation Company / Reconstruction Company and Related Issues
Posted Date : 20-Mar-2015 , 09:43:40 pm | Posted By: CASANSAAR
RBI/2014-15/508
DBR.No.BP.BC.78/21.04.048/2014-15
March 20, 2015
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Guidelines on Sale of Financial Assets to Securitisation Company / Reconstruction Company and Related Issues
Please refer to paragraph 6 of thecircular DBOD.BP.BC.No.96/21.04.048/2002-03 dated April 23, 2003, wherein disclosure requirements relating to sale of non-performing assets (NPAs) to Securitisation Companies(SCs)/Reconstruction Compan...
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T+2 settlements for outright secondary market transactions in Government Securities undertaken by Foreign Portfolio Investors and reported on NDS-OM
Posted Date : 20-Mar-2015 , 06:15:57 pm | Posted By: Vijay
RBI/2014-15/507
FMRD.DIRD.06/14.03.007/2014-15
March 20, 2015
All market participants
Dear Sir/Madam
T+2 settlements for outright secondary market transactions in Government Securities undertaken by Foreign Portfolio Investors and reported on NDS-OM
Please refer toparagraph 27of the fourth bi-monthly Monetary Policy Statement 2014-15 wherein it was announced that in order to address operational issues faced by foreign portfolio investors (FPIs) and long term foreign investors, th...
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Priority Sector Lending - Persons with Disabilities (PwD) - Inclusion under Weaker Sections
Posted Date : 20-Mar-2015 , 07:40:25 am | Posted By: CASANSAAR
RBI/2014-15/506
DCBR.BPD (PCB) Cir.No.7/14.01.062/2014-15
March 19, 2015
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Priority Sector Lending - Persons with Disabilities (PwD) - Inclusion under Weaker Sections
Please refer toParagraph 5of our Master Circular UBD.CO.BPD.(PCB) MC.No.7/09.09.001/2014-15 dated July 1, 2014 on Priority Sector Lending-Targets and Classification.
2. It has been decided that priority sector loans to Persons with Disabilities will b...
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Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List
Posted Date : 19-Mar-2015 , 07:05:04 pm | Posted By: Vijay
RBI/2014-15/505
DBR.AML.No.13793/14.06.001/2014-15
March 19, 2015
The Chairpersons / CEOs of all Scheduled Commercial Banks/
Regional Rural Banks /Local Area Banks / All India Financial Institutions
Dear Sir / Madam,
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List
Please refer to ourcircular DBR.AML No.12661/14.06.001/2014-15 dated February 25, 2015on the captioned subject releasing 4th update dat...
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Non-Resident Deposits - Stat 5 and Stat 8 Returns – Discontinuation
Posted Date : 18-Mar-2015 , 06:36:07 pm | Posted By: Vijay
RBI/2014-15/504
A.P (DIR Series) Circular No.85
March 18, 2015
To,
All Banks Authorised to deal in Foreign Exchange
Madam/Sir
Non-Resident Deposits - Stat 5 and Stat 8 Returns – Discontinuation
Attention of banks maintaining Non-Resident Deposits (NRD) Accounts is invited toA.P. (DIR Series) Circular No. 4 dated July 12, 2012andA.P. (DIR Series) Circular No. 19 dated August 7, 2013regarding submission of Stat 5 and Stat 8 Returns and moving the NRD-CSR reporting to XBRL ...
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Exim Bank's Line of Credit of USD 5.0492 million to the Banco Exterior De Cuba
Posted Date : 17-Mar-2015 , 06:27:13 pm | Posted By: Vijay
RBI/2014-15/502
A.P. (DIR Series) Circular No.84
March 17, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 5.0492 million
to the Banco Exterior De Cuba
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated September 2, 2014 with the Banco Exterior De Cuba, for making available to the latter, a Line of Credit (LOC) of USD 5.0492 million (USD Five Million and Forty Nine Thousand two hundred) for financing...
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Amendment to section 13(2) of Prevention of Money laundering Act (PMLA) 2002
Posted Date : 16-Mar-2015 , 06:25:09 pm | Posted By: Vijay
RBI/2014-2015/501
DNBR.PD.CC.No.022/03.10.042/2014-15
March 16, 2015
All NBFCs
Dear Sir
Designated Director- Amendment to section 13(2) of Prevention of Money laundering Act (PMLA) 2002
Please refer to ourCircular DNBS (PD).CC.No.378/03.10.42/2013-14 dated May 29, 2014wherein NBFCs were advised to nominate a Director on their Boards as “Designated Director” to ensure compliance with the obligations under the Prevention of Money Laundering (Amendment) Act, 2012.
2. ...
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Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks
Posted Date : 12-Mar-2015 , 08:08:59 am | Posted By: CASANSAAR
RBI/2014-15/497DBR.No.BP.BC.76/21.04.158/2014-15
March 11, 2015
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks
Please refer to ourcircular DBOD.No.BP.40/21.04.158/2014-15 dated November 3, 2006forwarding the final guidelines on managing risks as applicable in outsourcing of financial services.
2. In view of concerns raised that these instructions are not being adhered to, we reiterate t...
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Guidelines on Sale of Financial Assets to Securitisation Company(SC)/Reconstruction Company (RC) and Related Issues
Posted Date : 12-Mar-2015 , 08:05:45 am | Posted By: CASANSAAR
RBI/2014-15/496DBR.No.BP.BC.75/21.04.048/2014-15
March 11, 2015
All Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Guidelines on Sale of Financial Assets to Securitisation Company(SC)/Reconstruction Company (RC) and Related Issues
Please refer to paragraph 3.4 ofcircular DBOD.BP.BC.No.98/21.04.132/2013-14 dated February 26, 2014and our subsequent mailbox clarification dated April 9, 2014 on the captioned subject, wherein we have stipulated that, fo...
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RBI |
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RBI directions to bank regarding Sukanya Samriddhi Account
Posted Date : 11-Mar-2015 , 06:33:35 pm | Posted By: Vijay
RBI/2014-15/494IDMD(DGBA).CDD.No.4052/15.02.006/2014-15
March 11, 2015
The Chairman and Managing Director/Managing DirectorHead Office, Government Accounts DepartmentState Bank of India/State Bank of Patiala/State Bank of Bikaner & Jaipur/State Bank of Travancore/State Bank of Hyderabad/State Bank of Mysore/Andhra Bank/Allahabad Bank/Bank of Baroda/Bank of India/Punjab & Sind Bank/Bank of Maharashtra/Canara Bank/Central Bank of India/ Corporation Bank/Dena Bank/Indian Bank/Indian Overs...
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Housing Loans: Review of Instructions
Posted Date : 06-Mar-2015 , 07:58:23 am | Posted By: CASANSAAR
RBI/2014-15/491DBR.BP.BC.No.74/08.12.015/2014-15
March 5, 2015
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Housing Loans: Review of Instructions
A. Inclusion of stamp duty and other charges in LTV ratio
Please refer to ourcircular DBOD.No.BP.BC.78/08.12.001/2011-12 dated February 3, 2012on ‘Housing Loans by Commercial Banks - Loan to Value (LTV) Ratio’ whereby banks were advised that they should not include stamp duty, registration and other documentation charges i...
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Revision in Bank Rate
Posted Date : 04-Mar-2015 , 06:35:45 pm | Posted By: Vijay
RBI/2014-15/489DCBR.BPD.(PCB/RCB).Cir.No.19/16.11.00/2014-15
March 4, 2015
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks/State and Central Co-operative Banks (StCBs/ CCBs)
Madam / Dear Sir,
Revision in Bank Rate
Please refer to ourcircular DCBR.BPD.(PCB/RCB).Cir.No.12/16.11.00/2014-15 dated January 15, 2015on the captioned subject.
2. As announced in theMonetary Policy Statement dated March 4, 2015, the Bank Rate stands adjusted by 25 basis points from 8.75 pe...
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Marginal Standing Facility
Posted Date : 04-Mar-2015 , 06:34:06 pm | Posted By: Vijay
RBI/2014-2015/488FMOD.MAOG.No.107/01.18.001/2014-15
March 04, 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 25 basis points from 7.75 per cent to7.50 per centwith immediate effect.
2. Consequent to the change in the Repo rate, the Marginal Standing Facility (MSF) rate will stand adjus...
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Liquidity Adjustment Facility – Repo and Reverse Repo Rates
Posted Date : 04-Mar-2015 , 06:32:46 pm | Posted By: Vijay
RBI/2014-2015/487FMOD.MAOG.No.106/01.01.001/2014-15
March 04, 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 25 basis points from 7.75 per cent to7.50 per centwith immediate effect....
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Change in Bank Rate
Posted Date : 04-Mar-2015 , 06:31:10 pm | Posted By: Vijay
RBI/2014-15/486DBR.No.Ret.BC.73/12.01.001/2014-15
March 04, 2015
All Scheduled Commercial Banks,Local Area Banks and RRBs
Dear Sir,
Change in Bank Rate
Please refer tocircular DBR.No.Ret.BC.61/12.01.001/2014-15 dated January 15, 2015on the captioned subject.
2. As announced in thePress Release 2014-2015/1847 dated March 04, 2015, the Bank Rate stands adjusted by 25 basis points from 8.75 per cent to 8.50 per cent with effect from March 04, 2015.
3. All penal interest rates on shortfall in...
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Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 04-Mar-2015 , 06:29:16 pm | Posted By: Vijay
RBI/2014-15/485REF.No.MPD.BC. 377/07.01.279/2014-15
Phalguna 13,1936(Saka)March 4, 2015
To
All Scheduled Banks [excluding Regional Rural Banks (RRBs)]and Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facilities forBanks and Primary Dealers
Please refer to theStatement by Dr. Raghuram G Rajan, Governor on Monetary Policy dated March 4, 2015, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 7.75 per cent to 7.50 per c...
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External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling
Posted Date : 03-Mar-2015 , 06:01:49 pm | Posted By: Vijay
RBI/2014-15/483A.P. (DIR Series) Circular No.80
March 03, 2015
To,
All Category - I Authorized Dealer Banks
Madam / Sir,
External Commercial Borrowing (ECB) Policy — Review of all-in-cost ceiling
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 17 dated July 28, 2014relating to the all-in-cost ceiling for ECB.
2. On a review, it has been decided that the all-in-cost ceiling as specified under paragraph 2 ofA.P. (DIR Series) ...
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Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- The Vasavi Co-operative Urban Bank Ltd., Hyderabad
Posted Date : 02-Mar-2015 , 06:07:43 pm | Posted By: Vijay
RBI/2014-15/482DCBR.CO.BPD. (PCB).Cir.No.6/16.05.000/2014-15
March 2, 2015
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Sir/ Madam
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- The Vasavi Co-operative Urban Bank Ltd., Hyderabad
We advise that the name of “The Vasavi Co-operative Urban Bank Ltd., Hyderabad” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification UBD.CO.BPD./1/16.05.00...
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Unclaimed Deposits / Inoperative Accounts in Banks Display list of Inoperative Accounts
Posted Date : 27-Feb-2015 , 05:44:07 pm | Posted By: Vijay
RBI/2014-15/481DCBR.BPD.(PCB/RCB).Cir.No.18/13.01.000/2014-15
February 27, 2015
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks/State and Central Co-operative Banks
Madam/ Dear Sir,
Unclaimed Deposits / Inoperative Accounts in BanksDisplay list of Inoperative Accounts
Please refer to ourCircular UBD.BPD.(PCB).Cir.No.9/13.01.000/2008-09 dated September 1, 2008andRPCD.CO.RF.BC.No.89/07.38.01/2008-09 dated February 18, 2009, wherein detailed instructions have been given t...
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Priority Sector Lending- Targets and Classification –Overdraft in PMJDY accounts
Posted Date : 25-Feb-2015 , 09:43:57 pm | Posted By: CASANSAAR
RBI/2014-15/477FIDD.CO.Plan.BC 50 /04.09.01/2014-15
February 25, 2015
The Chairman/ Managing Director/Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)]
Dear Sir,
Priority Sector Lending- Targets and Classification –Overdraft in PMJDY accounts
Please refer to ourMaster Circular RPCD.CO.Plan.BC 10/04.09.01/2014-15 dated July 01, 2014on Priority Sector Lending- Targets and Classification.
2. It has been decided that overdrafts extended by banks upto...
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Bank’s prior approval for change in shareholding
Posted Date : 24-Feb-2015 , 06:12:23 pm | Posted By: Vijay
Bank’s prior approval for change in shareholding
In terms of Section 3(6) of the SARFAESI Act, 2002, every Securitisation Company /
Reconstruction Company (SC / RC) is required to obtain prior approval of the
Reserve Bank for any substantial change in its management. For the purpose of this
section, the expression “substantial change in management” means the change in
the management by way of transfer of shares or amalgamation or transfer of the
business of the company. H...
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Raising Money through Private Placement of Non-Convertible Debentures (NCDs) by NBFCs
Posted Date : 21-Feb-2015 , 08:30:17 am | Posted By: CASANSAAR
RBI/2014-15/475DNBR (PD) CC No.021/03.10.001/2014-15
February 20, 2015
All NBFCs (excluding PDs)
Dear Sirs,
Raising Money through Private Placement of Non-Convertible Debentures (NCDs) by NBFCs
Please refer to the circularsDNBS(PD)CC.No.330/03.10.001/2012-13 dated June 27, 2013and theDNBS (PD)CC.No.349/03.10.001/2013-14 dated July 02, 2013on the subject.
2. In supersession of circularsDNBS(PD)CC.No.330/03.10.001/2012-13 dated June 27, 2013and theDNBS (PD)CC.No.349/03.10.001/2013-14 dated J...
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Credit facilities to Minority Communities - Inclusion of Jain Community under Section 2(c) of the National Commission of Minorities (NCM) Act, 1992
Posted Date : 18-Feb-2015 , 06:26:33 pm | Posted By: Vijay
RBI/2014-15/473DCBR.BPD (PCB) Cir.No.5/14.01.062/2014-15
February 18, 2015
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Sir / Madam
Credit facilities to Minority Communities - Inclusion of Jain Community under Section 2(c) of the National Commission of Minorities (NCM) Act, 1992
Please refer to Para IV (h) of theAnnexto our Circular UBD.CO.BPD.(PCB).MC. No.18/09.09.001/2013-14 dated October 8, 2013 on ';Revised guidelines on lending to Priority Sector for UCBs';.
...
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