| Notifications/Circulars |
Category : RBI |
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Timelines for Credit Decisions
Posted Date : 01-Sep-2014 , 09:11:20 pm | Posted By: CASANSAAR
RBI/2014-15/199DBOD.No.BP.BC. 35/21.04.048/2014-15
September 1, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir/Madam,
Timelines for Credit Decisions
Please refer to our circulars IECD.No.24/08.13.08/96-97 dated April 15, 1997 and IECD.No.12/08.13.08/96-97 dated October 29, 1996 in terms of which instructions relating to formation of consortium by banks beyond a threshold limit were w...
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RBI |
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Implementation of Basel III Capital Regulations in India – Amendments
Posted Date : 01-Sep-2014 , 09:10:40 pm | Posted By: CASANSAAR
RBI/2014-15/201DBOD.No.BP.BC.38/21.06.201/2014-15
September 1, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Regional Rural Banks and Local Area Banks)
Madam / Sir,
Implementation of Basel III Capital Regulations in India – Amendments
Please refer to the ‘Guidelines on Implementation of Basel III Capital Regulations in India’ issued videcircular DBOD.No.BP.BC.98/21.06.201/2011-12 dated May 2, 2012. These guidelines ...
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RBI |
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Treatment of accounts opened for credit of Scholarship Amounts under Government Schemes
Posted Date : 01-Sep-2014 , 09:09:48 pm | Posted By: CASANSAAR
RBI/2014-15/202DBOD.No.Leg.BC.37/09.07.005/2014-15
September 1, 2014
All scheduled Commercial Banks(Excluding RRBs)
Dear Sir/ Madam
Treatment of accounts opened for credit of ScholarshipAmounts under Government Schemes
Please refer to ourCircular DBOD. No. Leg. BC.53/09.07.005/2013-14 dated September 17, 2013advising banks to allot a different “product code” in their CBS to accounts opened by banks for beneficiaries under the various Central / State Government Schemes in...
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Security Issues and Risk mitigation measures related to Card Not Present (CNP) transactions
Posted Date : 23-Aug-2014 , 04:45:17 pm | Posted By: CASANSAAR
RBI/ 2014-15/191DBOD.AML.No.2868/14.06.001/2014-15
August 22, 2014
The Chairpersons / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions
Madam/Dear Sir,
Implementation of Section 51-A of UAPA, 1967 –Updates of the UNSCR 1988(2011) Taliban Sanctions List
Please refer to ourcircular DBOD.AML.No.2472/14.06.001/2014-15 dated August 14, 2014on the captioned subject. We have since received from Government of India, Ministry of Externa...
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RBI |
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NBFCs- Lending against Shares
Posted Date : 22-Aug-2014 , 08:09:14 am | Posted By: CASANSAAR
RBI/2014-15/186DNBS (PD).CC.No. 408 /03.10.001/2014-15
August 21, 2014
All NBFCs with asset size of`.100 cr and above(excluding Primary Dealers)
Dear Sirs,
NBFCs- Lending against Shares
At present, lending against shares carried out by NBFCs is not subject to specific instructions apart from the general prudential regulation applicable to all NBFCs. Lending against shares could be in the normal course where shares are accepted as collateral or as part of their capital market operations. NBF...
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Data Format for Furnishing of Credit Information to Credit Information Companies (CICs) and other Regulatory Measures
Posted Date : 20-Aug-2014 , 08:36:47 pm | Posted By: CASANSAAR
RBI/2014-15/184DNBS (PD).CC. No 407/03.10.01/2014-15
August 20, 2014
All Non Banking Financial Companies
Dear Sirs,
Data Format for Furnishing of Credit Information to Credit Information Companies (CICs) and other Regulatory Measures
A committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies (Chairman: Shri Aditya Puri) was constituted by the Reserve Bank of India (RBI). The Report of the Committee was placed on RBI’s website on...
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RBI |
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Relaxation to Trade and Industry in the State of Jammu & Kashmir
Posted Date : 16-Aug-2014 , 10:09:50 am | Posted By: CASANSAAR
RBI/2014-15/180DBOD.No.BP.BC.32/21.04.012/2014-15
August 14, 2014
The Chairmen & Managing Directors/Chief Executive Officers ofAll Scheduled Commercial Banks(excluding Regional Rural Banks)
Dear Sir/ Madam,
Relaxation to Trade and Industry in the State of Jammu & Kashmir
Please refer to ourcircular DBOD.No.BP.BC.50/21.04.012/2012-13 dated October 23, 2012extending the period of concessions/ credit relaxations to borrowers / customers in Jammu & Kashmir up to 31 March 2014. It ha...
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Usage of ATMs – Rationalisation of number of free transactions
Posted Date : 16-Aug-2014 , 10:09:12 am | Posted By: CASANSAAR
RBI/2014-15/179DPSS.CO.PD.No. 316/02.10.002/2014-2015
August 14, 2014
The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks
Madam / Dear Sir
Usage of ATMs – Rationalisation of number of free transactions
The number of Automated Teller Machines (ATMs), which stood at a little over 27,000 as at end-March 2007, has increased to over 1.6 lakh acros...
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Inter-Government Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA) - Registration
Posted Date : 16-Aug-2014 , 10:08:32 am | Posted By: CASANSAAR
RBI/2014-15/178DPSS.CO.AD.No.283/02.27.005/2014-15
August 14, 2014
To
All Payment System Providers, System Participantsand prospective Prepaid Payment Instrument Issuers
Madam/Dear Sir,
Inter-Government Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA) - Registration
Government of India (GoI) has advised that India and US have reached an agreement in substance on the terms of an Inter-Governmental Agreement (IGA) to implement FATCA...
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Restructuring of Swarna Jayanti Shahari Rozgar Yojana (SJSRY) as National Urban Livelihoods Mission
Posted Date : 16-Aug-2014 , 10:07:52 am | Posted By: CASANSAAR
RBI/2014-15/177RPCD.CO.GSSD.BC.No. 26/09.16.03/2014-15
August 14 , 2014
The Chairman / Managing DirectorAll Scheduled Commercial Banks (Including RRBs)and SLBC Convenor Banks
Dear Sir,
Restructuring of Swarna Jayanti Shahari Rozgar Yojana (SJSRY) as National Urban Livelihoods Mission
Please refer to ourMaster Circular RPCD. CO. GSSD. BC. No 01/09.16.01/2013-14 dated July 01, 2013on the Swarna Jayanti Shahari Rozgar Yojana.
2. The Government of India, Ministry of Housing and Urban Poverty A...
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Appointment of Non-Deposit Accepting NBFCs with asset size of `.100 crore and above as sub - agents under Money Transfer Service Schemes (MTSS)
Posted Date : 13-Aug-2014 , 07:38:23 am | Posted By: CASANSAAR
RBI/2014-15/174DNBS.CC.PD.No. 405/03.10.01/2014-15
August 12, 2014
To
All Non-Deposit Accepting Non-Banking Financial Companieswith asset size of`.100 crore and above
Dear Sirs,
Appointment of Non-Deposit Accepting NBFCs with asset size of`.100 crore and aboveas sub- agents under Money Transfer Service Schemes (MTSS)
In order to broaden the network of sub-agents under the Money Transfer Service Schemes (MTSS), it has been decided to permit Non-Deposit Accepting NBFCs with asset size of`.10...
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Interest Rate Futures - NBFCs
Posted Date : 13-Aug-2014 , 07:37:41 am | Posted By: CASANSAAR
RBI/2014-15/173DNBS.CC.PD.No.406/03.10.01/2014-15
August 12, 2014
To
All Non-Deposit Accepting Non-Banking Financial Companieswith asset size of`.1000 crore and above
Dear Sirs,
Interest Rate Futures - NBFCs
Please refer toCircular DNBS.PD.CC.No.161/3.10.01/ 2009-10 dated September 18, 2009permitting NBFCs to participate in the designated interest rate futures exchanges recognized by SEBI, as clients, subject to RBI / SEBI guidelines in the matter, for the purpose of hedging their underlyi...
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Modification of Guidelines on Mortgage Guarantee Companies (MGCs)
Posted Date : 08-Aug-2014 , 07:31:30 pm | Posted By: CASANSAAR
RBI/2014-15/170DNBS (PD) CC. No.20/MGC/03.011.001/2014-15
August 08, 2014
All registered Mortgage Guarantee Companies
Dear Sir,
Modification of Guidelines on Mortgage Guarantee Companies (MGCs)
Please refer to the “Guidelines on Registration and Operations of Mortgage Guarantee Companies under Section 45L(1)(b) of the Reserve Bank of India Act, 1934” (herein after called Guidelines) issued videnotifications no. DNBS (PD) MGC No. 3,4and5/CGM (PK)-2008dated February 15, 2008.
2. ...
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RBI |
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Certain amendments in Regulatory framework for SCs/RCs – Clarifications
Posted Date : 07-Aug-2014 , 10:00:43 pm | Posted By: CASANSAAR
RBI/2014-2015/169DNBS (PD) CC. No. 42/SCRC/26.03.001/2014-2015
August 07, 2014
The Chairman/Managing Director/Chief Executive OfficerAll registered Securitisation Companies (SCs)/Reconstruction Companies (RCs)
Dear Sir,
Certain amendments in Regulatory framework for SCs/RCs – Clarifications
Please refer to ourcircular DNBS (PD) CC No.41/ SCRC / 26.03.001/ 2014-2015 dated August 5, 2014.
2. We have received a number of queries in the matter from the industry a...
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Monetary Policy Statement 2014-15 – SLR Holdings under Held to Maturity Category
Posted Date : 07-Aug-2014 , 09:59:51 pm | Posted By: CASANSAAR
RBI/2014-15/168RPCD.CO.RRB. BC.No.25/03.05.33/2014-15
August 7, 2014
All Regional Rural Banks
Dear Sir,
Monetary Policy Statement 2014-15 –SLR Holdings under Held to Maturity Category
Please refer to paragraph 11 of the Third Bi-Monthly Monetary Policy Statement, 2014-15 (extract enclosed) announced on August 5, 2014 relating to banks’ total holdings of SLR securities in the held to maturity (HTM) category.
2. In terms of para 1.2 of ourcircular RPCD.CO.RRB.BC.No. 74/03.05.33/2...
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RBI |
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Refinancing of Project loans
Posted Date : 07-Aug-2014 , 09:59:12 pm | Posted By: CASANSAAR
RBI/2014-15/167DBOD.BP.BC.No. 31/21.04.132/2014-15
August 7, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Refinancing of Project loans
Please refer to ourcircular DBOD.BP.BC.No.24/21.04.132/2014-15 dated July 15, 2014on ‘Flexible Structuring of Long Term Project Loans to Infrastructure and Core Industries’, which enables banks to flexibly structurenewlong term project loans to infrastructure and core industries.
2. However, with regard toexistinginfrastructure ...
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RBI |
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Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
Posted Date : 05-Aug-2014 , 07:21:58 pm | Posted By: CASANSAAR
RBI/2014-15/161DBOD.Ret.BC.29/12.02.001/2014-15
August 05, 2014
All Scheduled Commercial Banksand Local Area Banks(Excluding Regional Rural Banks)
Dear Sir,
Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR).
Please refer to ourcircular DBOD.Ret.BC.117/12.02.001/2013-14 dated June 03, 2014, on the captioned subject.
2. As announced in theThird Bi-Monthly Monetary Policy Statement 2014-15 by the Reserve Bank of India on August 05, 2014, it has be...
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RBI |
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Additional Disclosures by Regional Rural Banks in Notes to Accounts
Posted Date : 29-Jul-2014 , 08:04:21 am | Posted By: CASANSAAR
RBI/2013-14/150RPCD.CO.RRB.BC.No.17/03.05.33/2014-15
July 28, 2014
The ChairmenAll Regional Rural Banks
Dear Sir/Madam,
Additional Disclosures by Regional Rural Banks in Notes to Accounts
A reference is invited toparagraph 18of the First Bi-Monthly Monetary Policy Statement 2014-15 announced on April 1, 2014 wherein it was proposed to prescribe certain additional disclosure requirements as per the recommendations of theCommittee on Comprehensive Financial Services for Small Businesses and L...
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Public Provident Fund Scheme, 1968 and Senior Citizen Savings Scheme, 2004 - Amendments in Rules
Posted Date : 17-Jul-2014 , 08:36:46 pm | Posted By: CASANSAAR
RBI/2014-15/130DGBA.CDD. No. 293/15.02.001/2014-15
July 17, 2014
The Chairman and Managing Director/Managing DirectorGovernment Accounts Department/Head OfficeState 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/Bank of Maharashtra/Canara Bank/Central Bank of India/Corporation Bank/Dena Bank/Indian Bank/Indian Overseas Bank/Oriental Bank of Comm...
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Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
Posted Date : 15-Jul-2014 , 07:50:52 pm | Posted By: CASANSAAR
RBI/2014-15/127DBOD.BP.BC.No.25/08.12.014/2014-15
July 15, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
In the Union Budget 2014-15, presented on July 10, 2014, the Hon’ble Finance Minister announced that:
“131.Long term financing for infrastructure has been a major constraint in encouraging larger private sector participation in this sector. On the asset side, banks wi...
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Flexible Structuring of Long Term Project Loans to Infrastructure and Core Industries
Posted Date : 15-Jul-2014 , 07:50:10 pm | Posted By: CASANSAAR
RBI/2014-15/126DBOD.No.BP.BC.24/21.04.132/2014-15
July 15, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Flexible Structuring of Long Term Project Loans toInfrastructure and Core Industries
During the last decade, commercial banks have become the primary source of long term debt financing to projects in infrastructure and core industries. Infrastructure and core industries projects...
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RBI |
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Financial Literacy activities conducted by Financial Literacy Centres and rural branches of banks – monitoring system
Posted Date : 07-Jul-2014 , 08:51:11 pm | Posted By: CASANSAAR
RBI/2014-15/118RPCD.FLC.No. 218-348/12.01.018/2014-15
July 7, 2014
To Chairman/CMD of Scheduled Commercial Banks(including RRBs)
Dear Sir
Financial Literacy activities conducted by Financial Literacy Centres and rural branches of banks – monitoring system
Please refer to ourcirculars RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012andRPCD.FLC.No.7641/12.01.018/ 2012-13 dated January 31, 2013issuing operational guidelines for conduct of financial literacy camps by FLCs and rural ...
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RBI |
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Unique Customer Identification Code (UCIC) for banks' customers in India
Posted Date : 04-Jul-2014 , 07:58:32 am | Posted By: CASANSAAR
RBI/2014-15/115RPCD.RRB.RCB.AML.BC.No.12/07.51.018/2014-15
July 03, 2014
The Chairmen / Chief Executive OfficersAll Regional Rural Banks (RRBs) andState/Central Cooperative Banks (StCBs/CCBs)
Madam/Dear Sir,
Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks’ customers in India
Please refer to ourcircular RPCD.CO.RRB.RCB.AML.BC.No.82/03.05.33(E)/2011-12 dated June 11, 2012, on...
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RBI |
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Master Circular – Collection of Direct Taxes - OLTAS
Posted Date : 03-Jul-2014 , 07:35:38 am | Posted By: CASANSAAR
RBI/2014-15/108DGBA.GAD.No.H - 3/42.01.034/2014-15
July 1, 2014
To
All Agency Banks
Dear Sir / Madam
Master Circular – Collection of Direct Taxes- OLTAS
Please refer to ourmaster circular RBI/2012-13/101 dated July 02, 2012on the above subject. We have now updated themaster circularincorporating important instructions issued by us till end of June 2013. A copy of the same isenclosedfor your information. This circular may also be downloaded from our websitewww.mastercirculars.rbi.org....
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Defaulters of Rs. 1 crore and above (non-suit filed accounts) and Wilful Defaulters of Rs. 25 lakhs and above (non-suit filed accounts) – Changes in reporting to Reserve Bank of India (RBI)/Credit Information Companies (CICs)
Posted Date : 28-Jun-2014 , 07:42:32 am | Posted By: CASANSAAR
RBI/2013-14/667DBOD.No.CID.BC.128 /20.16.003/2013-14
June 27, 2014
All Commercial Banks (excluding RRBs),All India Notified Financial Institutions, andAll Credit Information Companies
Dear Sir / Madam
Defaulters of Rs. 1 crore and above (non-suit filed accounts) and Wilful Defaulters of Rs. 25 lakhs and above (non-suit filed accounts) – Changes in reporting to Reserve Bank of India (RBI)/Credit Information Companies (CICs)
Please refer to our circulars DBOD.No.BC/CIS/47/20.16.002/94 d...
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Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
Posted Date : 28-Jun-2014 , 07:41:31 am | Posted By: CASANSAAR
RBI/2013-14/666DBOD.No.CID.BC.127/20.16.056/2013-14
June 27, 2014
All Commercial Banks (excluding RRBs)All India Notified Financial Institutions andAll Credit Information Companies.
Dear Sir / Madam
Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
A Committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies (Chairman: Shri Aditya Puri) was constituted by the Reserve Bank of India (RBI)...
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Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Operational Guidelines- Payment of Interest
Posted Date : 28-Jun-2014 , 07:40:09 am | Posted By: CASANSAAR
RBI/2013-14/665DBOD.No.DEAF Cell.BC. 126/30.01.002/2013-14
June 26, 2014
The Chairman and Managing Director /Chief Executive OfficerAll Scheduled Commercial Banks including RRBs and LABs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks.
Dear Sir/Madam,
Banking Regulation Act, 1949 – Section 26ADepositor Education and Awareness Fund Scheme, 2014 –Operational Guidelines- Payment of Interest
Please refer to thecircular DBOD.No.DEAF...
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RBI |
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Recognizing E-Aadhaar as an ‘Officially Valid Document’ under PML Rules
Posted Date : 26-Jun-2014 , 07:56:09 pm | Posted By: CASANSAAR
RBI/2013-14/660DPSS. CO. D. No. 2646/02.27.005/2013-14
June 20, 2014
ToAll Payment System Providers, System Participantsand prospective Prepaid Payment Instrument Issuers
Madam/Dear Sir,
Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of Payment System Operators under Prevention of Money Laundering Act (PMLA), 2002 – e-KYC Service of UIDAI – Recognizing E- Aadhaar as an ‘Officially Valid Docum...
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Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation
Posted Date : 26-Jun-2014 , 07:52:14 pm | Posted By: CASANSAAR
RBI/2013-14/664DBOD.No.BP.BC.125/21.04.048/2013-14
June 26, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Prudential Norms on Income Recognition, Asset Classification andProvisioning Pertaining to Advances - Projects under Implementation
Please refer tocirculars DBOD.No.BP.BC.85/21.04.048/2009-10 dated March 31, 2010andDBOD.BP.BC.No.99/21.04.132/ 2012-13 dated May 30, 201...
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RBI |
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The Depositor Education and Awareness Fund Scheme, 2014 –Section 26A of Banking Regulation Act, 1949- Clarifications on Operational Guidelines
Posted Date : 26-Jun-2014 , 08:10:15 am | Posted By: CASANSAAR
RBI/2013-14/656DBOD.No.DEAF Cell.BC.123/30.01.002/2013-14
June 25, 2014
The Chairman and Managing Director /Chief Executive OfficersAll Scheduled Commercial Banks including RRBs and LABs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks.
Dear Sir/Madam,
The Depositor Education and Awareness Fund Scheme, 2014 –Section 26A of Banking Regulation Act, 1949- Clarifications on Operational Guidelines
Please refer to thecircular DBOD.No.DEAF C...
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