| Notifications/Circulars |
Category : RBI |
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 873
|
 |
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,...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 914
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 972
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1297
|
|
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 ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 3786
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 943
|
|
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, ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 888
|
|
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. ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 856
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 904
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 819
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1188
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1003
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 797
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1206
|
|
RBI Circular - Collection and Dissemination of Information on Defaulters
Posted Date : 23-Apr-2015 , 06:08:27 pm | Posted By: Aarti Sharma
RBI/2014-15/565DBR.No.CID.BC.89/20.16.001/2014-15
April 23, 2015
i) All Scheduled Commercial Banks (excluding RRBs and LABs) andii) All India Notified Financial Institutions
Dear Sir / Madam
Collection and Dissemination of Information on Defaulters
Please refer to ourCircular DBOD.No.DL.BC.54/20.16.001/2001-02 dated December 22, 2001on the above subject.
2. As you are aware, Section 2(60) of the Companies Act, 2013 defines an officer who is in default to mean only the following categories ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1245
|
|
RBI Circular - Collection and Dissemination of Information on Wilful Defaulters
Posted Date : 23-Apr-2015 , 06:07:00 pm | Posted By: Aarti Sharma
RBI/2014-15/566DBR.No.CID.BC.90/20.16.003/2014-15
April 23, 2015
i) All Scheduled Commercial Banks (excluding RRBs and LABs) andii) All India Notified Financial Institutions
Dear Sir / Madam
Collection and Dissemination of Information on Wilful Defaulters
Please refer to theMaster Circular on Wilful Defaulters DBR.No.CID.BC.57/20.16.003/2014-15 dated January 7, 2015.
2. Paragraph 3 of the Circular has been amended as follows (amended portion in bold italics):
“3. Mechanism for ident...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1082
|
|
RBI Circular - Simplified procedure for opening of Currency Chests
Posted Date : 23-Apr-2015 , 06:05:07 pm | Posted By: Aarti Sharma
RBI/2014-15/571DCM(CC)No.G-13/4553/03.39.01/2014-15
April 23, 2015
The Chairman & Managing Director /Chief Executive Officer / Managing DirectorAll Scheduled Commercial Banks
Madam/ Dear Sir,
Simplified procedure for opening of Currency Chests
Please refer to our circular DCM(CC)No.2991/03.39.01/2011-12 dated January 02, 2012 on “Construction of Currency Chests Strong Rooms / Vaults”. The extant instructions for setting up of new currency chests were reviewed and it has been...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1514
|
|
RBI Circular - Rights of transgender persons – Changes in bank forms/applications etc
Posted Date : 23-Apr-2015 , 06:03:44 pm | Posted By: Aarti Sharma
RBI/2014-15/572DBR.No.Leg.BC.91/09.07.005/2014-15
April 23, 2015
All Scheduled Commercial Banks(Excluding RRBs)
Dear Sir/Madam
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 the Supreme Court in the ca...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 862
|
|
RBI Circular - Union Budget - Interest Subvention Scheme 2015-16
Posted Date : 16-Apr-2015 , 07:08:26 pm | Posted By: Vijay
RBI/2014-15/557
FIDD.No.FSD.BC.53/05.04.02/2014-15
April 16, 2015
The Chairman / Managing Director
All Public & Private Sector Scheduled Commercial Banks
Dear Sir / Madam
Union Budget – 2015-16 Interest Subvention Scheme
Please refer to ourCircular FIDD. No. FSD.BC. 48/05.04.02/2014-15 dated January 21, 2015on Interest Subvention Scheme for Short-term Crop Loans for the year 2014-15. As regards the Scheme for the year 2015-16, Government of India (GoI) has advised that...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1101
|
|
Section 23 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Guidelines on Off-site/Mobile Automated Teller Machines (ATMs)
Posted Date : 16-Apr-2015 , 07:05:30 pm | Posted By: Vijay
RBI/2014-2015/556
DCBR.CO.RCB.No.BC.29/19.51.008/2014-15
April 16, 2015
All State Co-operative Banks
Dear Sir,
Section 23 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
- Guidelines on Off-site/Mobile Automated Teller Machines (ATMs)
Please refer to our circular RPCD.No.BC.114/07.06.00-94/95 dated February 1, 1995, in terms of which State Cooperative Banks (StCBs) are permitted to install on-site ATMs without obtaining prior permission from RBI. In...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1109
|
|
RBI Circular - Interest Rates on Deposits
Posted Date : 16-Apr-2015 , 07:04:10 pm | Posted By: Vijay
RBI/2014-15/554
DBR.No.Dir.BC.87/13.03.00/2014-15
April 16, 2015
All Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir/ Madam
Interest Rates on Deposits
Please refer to our circulars DBOD. No. Dir.BC.36/13.03.00/98 dated April 29, 1998, DBOD. No. Dir.BC.07/13.03.00/2001-02 dated August 11, 2001 andDBOD. No. Dir. BC.74/13.03.00/2012-13 dated January 24, 2013in terms of which banks are allowed to offer differential rates of interest on term deposits on the basis of tenor for de...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1028
|
|
RBI Circular - NBFCs Lending against Shares
Posted Date : 10-Apr-2015 , 06:58:47 pm | Posted By: Vijay
RBI/2014-15/551DNBR (PD).CC.No.028/03.10.001/2014-15
April 10, 2015
All NBFCs with asset size of`.100 cr and above(excluding Primary Dealers)
Dear Sirs,
NBFCs- Lending against Shares – Clarification
Please refer to ourcircular DNBS (PD).CC.No.408/03.10.001/2014-15 dated August 21, 2014. We have since received a number of queries from the industry participants seeking clarification on the applicability of the circular. In this connection, the following isclarified
The above mentio...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 940
|
|
RBI Circular- Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) - Directions
Posted Date : 08-Apr-2015 , 06:09:30 pm | Posted By: Vijay
RBI/2014-15/544
DNBR.CC.PD.No.027/03.10.01/2014-15
April 08, 2015
To
All NBFC-MFIs
Dear Sirs,
Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions – Modifications
The captioned directions contained in thenotification DNBS.PD.No.234/CGM (US)-2011 dated December 2, 2011and subsequent modifications were issued to NBFC-MFIs in the backdrop of the Andhra Pradesh-MFI crisis. The sector has largely moved forward since then. Accordingly certain m...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 959
|
|
RBI Circular - Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Posted Date : 06-Apr-2015 , 06:31:13 pm | Posted By: Vijay
RBI/2014-15/539
DBR.No.BP.BC.85/21.04.048/2014-15
April 6, 2015
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Refinancing of Exposures to Borrowers
In terms ofcircular DBOD.No.BP.BC.107/21.04.048/2013-14 dated April 22, 2014andA.P. (DIR Series) Circular No.129 dated May 9, 2014, Indian companies are not permitted to raise external commercial bo...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1031
|
|
RBI Circular - Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 06-Apr-2015 , 06:26:11 pm | Posted By: Vijay
RBI/2014-2015/537
DBR.AML.No.14746/14.01.001/2014-15
April 6, 2015
The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/
Local Area Banks / All India Financial Institutions
Dear Sir/ Madam,
Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) - Standards
Please refer to our letterDBR.AML.No.6704/14.01.001/2014-15 dated November 5, 2014on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Act...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 815
|
|
RBI Circular - Setting up of IFSC Banking Units (IBUs)
Posted Date : 01-Apr-2015 , 06:27:08 pm | Posted By: Vijay
RBI/2014-15/533
DBR.IBD.BC. 14570/23.13.004/2014-15
April 1, 2015
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam,
Setting up of IFSC Banking Units (IBUs)
Please refer to the Reserve Bank of IndiaNotification No. FEMA.339/2015-RB dated March 02, 2015(copy enclosed) under FEMA 1999 on Foreign Exchange Management (International Financial Services Centre) Regulations, 2015 setting out RBI regulations relating to financial institutions set up in Intern...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 847
|
|
Know Your Customer (KYC) Guidelines - Accounts of Proprietary Concerns
Posted Date : 01-Apr-2015 , 06:25:24 pm | Posted By: Vijay
RBI/2014-15/532
DCBR.BPD(PCB/RCB)Cir.No.24/14.01.062/2014-15
April 1, 2015
The Chief Executive Officer
All Primary (Urban) Co-operative Banks /
State and Central Co-operative Banks (StCBs / CCBs)
Madam / Dear Sir,
Know Your Customer (KYC) Guidelines - Accounts of Proprietary Concerns
Please refer to paragraph 2.5(ii) of ourMaster Circular no. UBD.BPD.(PCB) MC.No.16/12.05.001/2014-15 dated July 1, 2014and paragraph 2.5 (vi) ofMaster Circular RPCD. RRB.RCB.AML.BC. No. 02/07.51.01...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1137
|
|
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- Regional Rural Banks (RRBs)
Posted Date : 01-Apr-2015 , 06:23:26 pm | Posted By: Vijay
RBI/2014-15/531
DBR.RRB.BC.No.82/31.04.002/2014 -15
April 1, 2015
All Regional Rural Banks
Dear Sir/Madam,
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- Regional Rural Banks (RRBs)
We advise that the names of two Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notificationsRPCD.CO.RRB.BC.No.18/03.05.100/ 2014-15 dated July 28, 2014andDBR.RRB.No.7946/03.05.100/2014-15 dated February ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 847
|
|
Prudential Guidelines on Capital Adequacy and Liquidity Standards - Amendments
Posted Date : 01-Apr-2015 , 07:56:05 am | Posted By: CASANSAAR
RBI/2014-15/529
DBR.No.BP.BC.80/21.06.201/2014-15
March 31, 2015
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Prudential Guidelines on Capital Adequacy and Liquidity Standards - Amendments
As you are aware, the Reserve Bank has issued and implemented prudential guidelines on capital adequacy framework and liquidity standards for banks operating in India. These guidelines have been framed based on the internationally accepted reform package, as agreed...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 869
|
|
RBI Circular - Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Himachal Pradesh State Cooperative Bank Ltd., Shimla
Posted Date : 31-Mar-2015 , 06:36:11 pm | Posted By: Vijay
RBI/2014-15/525
DCBR CO.RCBD.BC.No.21/19.51.025/2014-15
March 31, 2015
To
All State Cooperative Banks/
Central Cooperative Banks
Dear Sir,
Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Himachal Pradesh State Cooperative Bank Ltd., Shimla
We advise that the name of “Himachal Pradesh State Cooperative Bank, Ltd. Shimla'; has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DCBR.CO.RCBD-01/19....
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 965
|
|
|
|
|
