RBI/2014-15/523 DCBR.BPD(PCB/RCB)Cir. No. 22/14.01.062/2014-15 March 31, 2015 The Chief Executive Officer All Primary (Urban) Co-operative Banks / State and Central Co-operative Banks (StCBs / CCBs) Filing of ‘Nil’ CTR / NTR Dear Sir/ Madam, Please refer toPara 2.17, 2.18 and 2.19of our Master Circular UBD. BPD.(PCB)MC.No.16/12.05.001/2014-15 dated July 1, 2014 andPara 2.19of Master Circular RPCD.RRB.RCB.AML.BC.No.02/07.51.018/2014-15 dated July 1, 2014 on Know Your...

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RBI/2014-15/522 DBR.No.BP.BC.79/21.04.048/2014-15 March 30, 2015 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (Excluding and Regional Rural Banks) Madam/Dear Sir, Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer Please refer to ourcircular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006andDBOD.No.BP.BC.68/21.04.048/2006-07 dated March 13, 2007on creation, accounting, disclosures and utilisation of floati...

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RBI/2014-15/520 DNBR (PD) CC.No. 024/ 03.10.001/ 2014-15 March 27, 2015 All NBFCs (excluding Primary Dealers) Dear Sirs, Revised Regulatory Framework for NBFCs Please refer to the revised regulatory framework issued videDNBR (PD) CC.No. 002/ 03.10.001/ 2014-15 dated November 10, 2014(the circular). At para 14 of the circular it was mentioned that the Notifications in this regard shall follow. 2. In this connection, the following Notifications are enclosed for meticulous compli...

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RBI/2014-15/519 DNBR (PD).CC.No 024/03.10.042 /2014-15 March 27, 2015 All NBFCs Dear Sirs, Implementation of Section 51-A of UAPA, 1967-UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List and UNSCR 1988 (2011) Taliban Sanctions List- Modification in the Listing Format A reference is invited to our circulars issued from time to time advising about amendments /additions/ deletions to UNSCR 1267(1999) /1989 (2011) Al Qaida Sanction list and UNSCR 1988 (2011) Taliba...

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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/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/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/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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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/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/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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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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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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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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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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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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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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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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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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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/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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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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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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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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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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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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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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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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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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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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