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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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 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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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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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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RBI/2014-15/469A.P. (DIR Series) Circular No. 78 February 13, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Risk Management and Inter Bank Dealings: Foreign Currency (FCY) – INR Swaps Attention of Authorised Dealers Category‐I (AD Category‐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 from time to time andA.P. (DIR ...

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RBI/2014-15/461A. P. (DIR Series) Circular No.74 February 09, 2015 To All Category-I Authorised Dealer Banks Madam / Sir, Delay in Utilization of Advance Received for Exports Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the sub-regulation (1) of Regulation 16 of the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, notified videNotification No. FEMA 23 / RB-2000, dated May 3, 2000, as amended from time to time rea...

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RBI/2014-15/457DBR.RRB.No. 72 /03.05.100/2014 -15 February 6, 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 five Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notificationsRPCD.CO.RRB.BC.No.76/03.05.100/ 2013-14 dated January 27, 2014,RPCD.CO.RRB.BC.No.94/03.05.100/ 2013-14 dated April 9, 20...

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RBI/2014-15/456IDMD(DGBA).CDD.No. 3476/13.01.999/2014-15 February 06, 2014 The Chairman & Managing DirectorHead Office (Government Accounts Department)State Bank of India & Associate BanksAll Nationalised BanksICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., andStock Holding Corporation of India Ltd (SHCIL). Dear Sir/Madam, Inflation Indexed National Savings Securities-Cumulative, 2013 - Early repayment/redemption Please refer to ourcircular DGBA.CDD.No.2589/13.01.999/2014-2015 dated...

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RBI/2014-15/454FMRD.DIRD.5/14.03.002/2014-15 February 05, 2015 All Market Participants Dear Sir/Madam, Re-repo of Government Securities Market Please refer toparagraph 26of the fourth bi-monthly Monetary Policy Statement 2014-15 wherein it was proposed that re-repo of Government securities will be permitted subject to appropriate control measures and development of IT infrastructure. 2. In this connection, a reference is invited toRBI circular IDMC/PDRS/3432/10.02....

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RBI/2014-15/452DBR.No.BP.BC.71/21.06.201/2014-15 February 5, 2015 The Chairman and Managing Director/Chief Executives Officer ofAll Scheduled Commercial Banks(Excluding Regional Rural Banks) Madam/Dear Sir, Guidelines for implementation of Countercyclical Capital Buffer (CCCB) The Internal Working Group of the Reserve Bank of India under the Chairmanship of Shri B Mahapatra had submitted the final Report on the implementation of Countercyclical Capital Buffer (CCCB) in July, 2014. The Repor...

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The Reserve Bank of India today released the names of applicants of small finance banks and payment banks, stating it received, in its Central Office, 72 applications for small finance banks (Annex I) and 41 applications for payments banks (Annex II). It may be recalled that the guidelines for licensing of “Small Finance Banks” and “Payments Banks”, issued on November 27, 2014, indicated that in order to ensure transparency, the names of the applicants will be placed on ...

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RBI/2014-15/447FMRD.DIRD.04/14.03.002/2014-15 February 03, 2015 To All Market Participants Ready Forward Contracts in Corporate Debt Securities Please refer to thenotification no IDMD.DOD. 04/11.08.38/ 2009-10 dated January 8, 2010as amended videnotification no. IDMD.PCD. 21/11.08.38/2010-11 dated November 9, 2010andnotification no IDMD.PCD.08/14.03.02/2012-13 dated January 4, 2013on ready forward contracts in corporate debt securities. Reference is also invited tocirculars IDMD.DOD.08/11.08...

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RBI/2014-15/445DBR.Ret.BC.70/12.02.001/2014-15 February 03, 2015 All Scheduled Commercial Banks,Local Area Banks and Regional Rural Banks Dear Sir, Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR). Please refer to ourcirculars DBOD.Ret.BC.29/12.02.001/2014-15 dated August 05, 2014andRPCD.RRB.BC.No.24/03.05.33/2014-15 dated August 06, 2014, on the above mentioned subject. 2. As announced in theSixth Bi-Monthly Monetary ...

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RBI/2014-15/444REF.No.MPD.BC.376/07.01.279/2014-15 Magha 14, 1936 (Saka)February 3, 2015 To All Scheduled Banks [excluding Regional Rural Banks(RRBs)] Dear Sir/Madam, Export Credit Refinance Facilities As announced in theSixth Bi-Monthly Monetary Policy Statement, 2014-15 dated February 3, 2015, it has been decided to merge the Export Credit Refinance (ECR) facility with the system level liquidity provision with effect from the fortnight beginning on February 7, 2015. Accordingly, no new r...

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RBI/2014-15/437DBR.No. DEA Fund Cell.BC.66/30.01.002/2014-15 February 2, 2015 All Local Area Banks Dear Sir, Unclaimed Deposits/ Inoperative Accounts in Banks -Display list of Inoperative Accounts Please refer to ourcircular DBOD.No.DEAF Cell.BC.114/30.01.002/2013-14 dated May 27, 2014on the Depositor Education and Awareness Fund Scheme, 2014(Scheme) and the Scheme notified by Government of India. 2. Keeping in view public interest, it has been decided that banks should play a more pro-act...

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RBI/2014-15/438DBR.No.BAPD.BC.68/22.01.001/2014-15 February 2, 2015 All Scheduled Commercial Banks (including RRBs) Dear Sir/Madam, Section 23 of the Banking Regulation Act, 1949 – Installation of off-site Cash Deposit Machines (CDMs) / Bunch Note Acceptor Machines (BNAMs) Please refer tocircular DBOD.No.BL.BC.137/22.01.001/2008-09 dated June 12, 2009wherein all SCBs have been permitted to install off-site ATMs at centers / places identified by them without having the need to take per...

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RBI/2014-15/436DCBR.CO.LS (PCB) Cir.No.4/07.01.000/2014-15 January 28, 2015 Chief Executive Officers of allPrimary (Urban) Co-operative Banks Madam / Dear Sir Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM) Please refer to ourcircular UBD.CO.LS (PCB) Cir.No.20/07.01.000/2014-15 dated October 13, 2014. 2. We have received representations from various stakeholders requesting us to review the definition of regulatory comfort a...

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RBI/2014-15/435DCBR.BPD.(PCB/RCB).Cir No.13/16.74.000/2014-15 January 29, 2015 The Chief Executive OfficersAll Primary (Urban) Co-operative BanksAll State and Central Co-operative Banks Dear Sir/Madam Membership of Credit Information Companies (CICs) by Co-operative Banks Please refer to ourcirculars UBD.BPD (PCB) Cir.No.25/09.11.200/2009-10 dated December 03, 2009andRPCD.CO.RF.BC.No.44/07.40.06/2009-10 dated December 01, 2009advising co-operative banks to take membership of at leas...

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RBI/2014-15/431DBR.AML.No.11254/14.07.018/2014-15 January 28, 2015 The Chairmen of all RRBs Madam/Dear Sir Inter-Governmental Agreement (IGA) with United States of America (US)under Foreign Accounts Tax Compliance Act (FATCA)- Registration Please refer to ourcircular DBR.AML.No.9644/14.07.018/2014-15 dated December 30, 2014, on the captioned subject. 2. In partial modification to the above circular, it is clarified that those RRBs which do not have more than $175 million in assets on its b...

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RBI/2014-15/430FIDD.CO.LBS.BC.No.49/02.01.001/2014-15 January 28, 2015 The Chairmen & Managing DirectorsAll Scheduled Commercial Banks (including RRBs) Dear Sir/Madam, Dispensing with ‘No Due Certificate’ for lending by banks Please refer to ourcircular RPCD.LBS (SAA).BC.No.62/08.01.00/2004-05 dated December 8, 2004on Relaxation in Service Area norms. Further, in terms ofcircular RPCD.PLFS.BC.No.85/05.04.02/2006-07 dated April 30, 2007on ‘Simplification of the Procedur...

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RBI/2014-15/427Ref. No.IDMD/1594/08.02.032/2014-15 January 23, 2015 All Scheduled Commercial BanksAll State Co-operative Banks/All Scheduled Primary(Urban) Co-operative Banks /All Financial Institutions/All Primary Dealers. Dear Sir/Madam, Auction of Government of India Dated Securities Government of India has offered to sell (re-issue) four dated securities for notified amount of`13,000 crore as per the following details: Sr No Security Notified Amount(in`crore) GoI Notification ...

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