| Notifications/Circulars |
Category : RBI |
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Unclaimed Deposits/ Inoperative Accounts in Banks - Display list of Inoperative Accounts
Posted Date : 02-Feb-2015 , 05:41:35 pm | Posted By: Ravich
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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Section 23 of the Banking Regulation Act, 1949 – Installation of off-site Cash Deposit Machines (CDMs) / Bunch Note Acceptor Machines (BNAMs)
Posted Date : 02-Feb-2015 , 05:39:47 pm | Posted By: Ravich
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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Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM)
Posted Date : 29-Jan-2015 , 06:06:54 pm | Posted By: Ravich
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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Membership of Credit Information Companies (CICs) by Co-operative Banks
Posted Date : 29-Jan-2015 , 01:07:03 pm | Posted By: Rupa Kaushik
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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Inter-Governmental Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA)- Registration
Posted Date : 28-Jan-2015 , 05:45:07 pm | Posted By: Ravich
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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Dispensing with ‘No Due Certificate’ for lending by banks
Posted Date : 28-Jan-2015 , 03:13:30 pm | Posted By: Ravich
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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Auction of Government of India Dated Securities
Posted Date : 24-Jan-2015 , 01:00:14 pm | Posted By: Ravich
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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External Commercial Borrowings (ECB) Policy – Simplification of Procedure
Posted Date : 23-Jan-2015 , 06:55:17 pm | Posted By: Ravich
RBI/2014-15/425A.P. (DIR Series) Circular No.64
January 23, 2015
To
The Authorised Dealer Category-I Banks
Madam / Dear Sir
External Commercial Borrowings (ECB) Policy – Simplification of Procedure
Attention of the Authorised Dealer (AD) Category-I banks is invited to the following provisions contained in the undernoted A.P. (DIR Series) Circulars through which powers have been delegated to them to deal with cases related to change in draw-down and repayment schedules of ECBs subject...
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Display of information by banks
Posted Date : 22-Jan-2015 , 10:01:55 pm | Posted By: CASANSAAR
RBI/2014-15/422DBR.Leg.No.BC.64/09.07.005/2014-15
January 22, 2015
All Scheduled Commercial Banks(Excluding RRBs)
Dear Sir/ Madam
Display of information by banks
Please refer to ourcirculars DBOD.Leg.No.BC.33/09.07.005/2008-09 dated August 22, 2008andDBOD.Leg.BC.42/09.07.005/2008-09 dated September 12, 2008on display of information for promoting transparency in the operations of banks.
2. In order to further enhance transparency in pricing of credit, based on the recommendations of Working...
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Payments into Government Account through Debit / Credit cards and Net banking: permissible period for remittance
Posted Date : 21-Jan-2015 , 06:20:28 pm | Posted By: Ravich
RBI/2014-15/416DGBA.GAD No.H-3203/42.01.011/2014-15
January 21, 2015
The Chairman / Chief Executive OfficerAll agency Banks
Dear Sir / Madam
Payments into Government Account through Debit / Credit cards and Net banking: permissible period for remittance
Please refer tocirculars DGBA.GAD.No.H-2444/42.01.011/2010-11 dated October 8, 2010andDGBA.GAD.No.H-4831/42.01.011/2012-13 dated February 18, 2013on the above subject. We hereby advise that as per the instructions of the Controller G...
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Interest Rates on Advances
Posted Date : 19-Jan-2015 , 09:43:47 pm | Posted By: CASANSAAR
RBI/2014-15/414 DBR.Dir.BC.No.63/13.03.00/2014-15
January 19, 2015
All Scheduled Commercial Banks (Excluding RRBs)
Dear Sir/Madam
Interest Rates on Advances
A reference is invited to our circulars DBOD.No.Dir.BC.88/13.03.00/2009-10 dated April 9, 2010 on ‘Guidelines on the Base Rate’ and DBOD.No.Dir.BC.47/13.03.00/ 2013-14 dated September 2, 2013 on ‘Base Rate- Revised Guidelines’.
2. Based on the recommendations of the Working Group on pricing of Credit (Cha...
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Flexible Structuring of Long Term Project Loans to Infrastructure and Core Industries
Posted Date : 19-Jan-2015 , 09:42:38 pm | Posted By: CASANSAAR
RBI/2014-15/413 DNBR.PD.CC.No.012/03.10.001/2014-15
January 19, 2015
All NBFCs
Dear Sirs,
Flexible Structuring of Long Term Project Loans to Infrastructure and Core Industries
Based on the announcement made in the Union Budget 2013-14, Reserve Bank issued guidelines to banks for flexible structuring and refinancing of fresh term loans to long term project loans to infrastructure and core industries vide circulars DBOD.No.BP.BC.24/ 21.04.132/2014-15 dated July 15, 2014 and ...
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Computation of Net-worth
Posted Date : 17-Jan-2015 , 08:03:10 am | Posted By: CASANSAAR
RBI/2014-15/411DPSS.CO.AD.No.1344 02.27.005/2014-15
January 16, 2015
All the entities authorised under PSS Act, 2007
Dear Madam/ Sir,
Computation of Net-worth
As you are aware, under the Payment and Settlement Systems Act, 2007 (PSS Act) an entity operating a payment system within the country has to obtain authorisation from the Reserve Bank of India. The Reserve Bank has from time to time issued guidelines in respect of the eligibility criteria for authorisation of Payment System Operators...
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Review of Guidelines on Restructuring of Advances by NBFCs
Posted Date : 17-Jan-2015 , 08:02:16 am | Posted By: CASANSAAR
RBI/2014-15/410DNBR.CO.PD.No.011/03.10.01/2014-15
January 16, 2015
All NBFCs excluding Primary Dealers
Dear Sirs,
Review of Guidelines on Restructuring of Advances by NBFCs
Please refer tocircular DNBS.CO.PD.No.367/03.10.01/2013-14, dated January 23, 2014, on the captioned subject.
2. In terms of extant instructions contained in the above mentioned circulars, revisions of the date of commencement of commercial operations (DCCO) and consequential shift in repayment ...
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Entry of Banks into Insurance Business
Posted Date : 16-Jan-2015 , 07:49:36 am | Posted By: CASANSAAR
RBI/2014-2015/409DBR.No.FSD.BC.62/24.01.018/2014-15
January 15, 2015
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/ Madam,
Entry of Banks into Insurance Business
Please refer to ourCircular DBOD.No.FSC.BC.16/24.01.018/2000-2001 dated August 9, 2000which,inter alia,permitted banks to set up insurance joint ventures on risk participation basis and also to undertake insurance business as agents of insurance companies on fee basis, without any risk participation by banks and their sub...
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Foreign Contribution (Regulation) Act, 2010 – Receipt of foreign contribution by Individuals / NGOs / Organisations from certain donors
Posted Date : 15-Jan-2015 , 07:44:17 pm | Posted By: CASANSAAR
RBI/2014-15/408DCBR.BPD (PCB/RCB) Cir.No.13/14.01.062/2014-15
January 15, 2015
The Chief Executive Officer,All Primary (Urban) Co-operative Banks/State and Central Co-operative Banks (StCBs / CCBs)
Madam/Dear Sir,
Foreign Contribution (Regulation) Act, 2010 – Receipt of foreign contribution by Individuals / NGOs / Organisations from certain donors - Primary (Urban) Co-operative Banks (UCBs)/State and Central Co-operative Banks
Under Section 46 of the Foreign Contributions (Regulation)...
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Liquidity Adjustment Facility – Repo and Reverse Repo Rates
Posted Date : 15-Jan-2015 , 02:31:30 pm | Posted By: Rupa Kaushik
RBI/2014-2015/403FMOD.MAOG. No. 104/01.01.001/2014-15
January 15, 2015
All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers
Dear 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 8.00 per cent to7.75 per centwith immediate effect.
2. Consequent to the change in...
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Marginal Standing Facility
Posted Date : 15-Jan-2015 , 02:29:58 pm | Posted By: Rupa Kaushik
RBI/2014-2015/404FMOD.MAOG.No.105/01.18.001/2014-15
January 15, 2015
All Scheduled Commercial Banks (excluding RRBs)
Dear 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 8.00 per cent to7.75 per centwith immediate effect.
2. Consequent to the change in the Repo rate, the Marginal Standing Facility (MSF) rate will stand adjusted to8.75 per centwith immediate ...
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Membership of Credit Information Companies (CICs)
Posted Date : 15-Jan-2015 , 02:28:36 pm | Posted By: Rupa Kaushik
RBI/2014-2015/405DBR.No.CID.BC.60/20.16.056/2014-15
January 15, 2015
All Scheduled Commercial Banks (including RRBs & LABs),All India Notified Financial Institutions, andAll Credit Information Companies
Dear Sir / Madam
Membership of Credit Information Companies (CICs)
The Report of the Committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies (Chairman: Shri Aditya Puri) constituted by the Reserve Bank of India (RBI) was placed on RBI&rsquo...
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Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 15-Jan-2015 , 12:19:00 pm | Posted By: Rupa Kaushik
RBI/2014-15/402REF.No.MPD.BC. 375/07.01.279/2014-15
Pausha 25, 1936 (Sake)January 15, 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 January 15, 2015, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 8.0 per cent to 7.75 ...
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Risk Management and Inter Bank Dealings: Hedging under Past Performance Route- Liberalisation of Documentation Requirements in the OTC market
Posted Date : 14-Jan-2015 , 06:34:47 pm | Posted By: CASANSAAR
RBI/2014-15/401A.P. (DIR Series) Circular No.58
January 14, 2015
ToAll Category - I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter Bank Dealings: Hedging under Past Performance Route- Liberalisation of Documentation Requirements in the OTC market
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...
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Inter-Governmental Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA) - Registration
Posted Date : 09-Jan-2015 , 09:04:40 pm | Posted By: CASANSAAR
RBI/2014-15/397DNBR.CC.PD.No.010/03.10.01/2014-15
January 09, 2015
To
All Non Banking Financial Companies
Dear Sirs,
Inter-Governmental Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA) - Registration
Please refer tocirculars DNBS (PD).CC.No 401/03.10.42/2014-15 dated July 25, 2014andDBR.AML.No.9644/14.07.018/2014-15 dated December 30, 2014on the captioned subject.
2. Government of India has now advised that to avoid withholding tax, Fore...
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Implementation of Basel III Capital Regulations in India – Revised Framework for Leverage Ratio
Posted Date : 09-Jan-2015 , 08:23:54 am | Posted By: CASANSAAR
RBI/2014-15/396DBR.No.BP.BC.58/21.06.201/2014-15
January 8, 2015
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 – Revised Framework for Leverage Ratio
Please refer to paragraph 20 of the Fourth Bi-Monthly Monetary Policy Statement, 2014-15 announced on September 30, 2014. It was indicated therein that revised guidelines on...
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Gold Loan – Bullet Repayment
Posted Date : 08-Jan-2015 , 05:32:47 pm | Posted By: Rupa Kaushik
RBI/2014-15/395DCBR.CO.BPD (RCB).Cir.No.11/13.05.001/2014-15
January 08, 2015
The Chief Executive OfficerAll State / Central Cooperative Banks (StCBs/CCBs)
Madam / Dear Sir,
Gold Loan – Bullet Repayment
Please refer tocircular RPCD.CO.RF.BC.No.60/07.37.02/2009-10 dated March 5, 2010wherein StCBs/CCBs were permitted to grant gold loans up to Rs. 1.00 lakh with bullet repayment option.
2. On a review, it has been decided to increase the quantum of loan that could be granted und...
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Non-resident guarantee for non-fund based facilities entered between two resident entities
Posted Date : 06-Jan-2015 , 05:57:22 pm | Posted By: Rupa Kaushik
RBI/2014-15/387A.P. (DIR Series) Circular No. 56
January 6, 2015
To
All Authorised Dealer Category - I Banks
Madam /Sir
Non-resident guarantee for non-fund based facilities entered between two resident entities
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited toA. P. (DIR Series) Circular No. 20 dated August 29, 2012in terms of which non-resident guarantee for non-funded facilities such as Letters of Credit/guarantees/Letters of Undertaking (LoU) /Letter of Co...
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Roadmap-Provision of Banking Services in Villages with Population below 2000
Posted Date : 02-Jan-2015 , 03:32:31 pm | Posted By: Rupa Kaushik
RBI/2014-15/382FIDD.CO.LBS.BC.No. 47/02.01.001/2014-15
January 2, 2015
CMDs of all SLBC Convenor Banks and Lead Banks
Dear Sir/Madam,
Roadmap-Provision of Banking Services in Villages with Population below 2000
You are aware that the Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched by the Hon’ble Prime Minister on 28th August, 2014 and Phase I of PMJDY is being implemented through banks in a time bound manner for completion by August 14, 2015.
2. In this connection, attention is i...
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Brand/Name of products offered by authorised entities – Dissemination of Information
Posted Date : 02-Jan-2015 , 03:31:00 pm | Posted By: Rupa Kaushik
RBI/2014-15/381DPSS.CO.AD.No.1204/02.27.005/2014-15
January 2, 2015
All the entities authorised under PSS Act, 2007
Dear Madam/ Sir,
Brand/Name of products offered by authorised entities – Dissemination of Information
As you are aware, under the Payment and Settlement Act, 2007 (PSS Act), an entity operating a payment system within the country has to obtain authorisation from Reserve Bank of India (RBI). The Certificate of Authorisation (COA) issued by the Bank to an entity on receivi...
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Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 02-Jan-2015 , 03:29:06 pm | Posted By: Rupa Kaushik
RBI/2014-15/380DPSS. CO. AD. No.1195/02.27.005/2014-15
January 2, 2015
To
All Payment System Providers, System Participantsand Prepaid Payment Instrument Issuers
Dear Sir /Madam,
Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards
Please refer to our circulars/instructions issued from time to time on the captioned subject. In this regard, we enclose a copy of thecircular DBR.AML. No.6704/14.01.001/2014-15 dated November 5, 2014issued by Department of Banking...
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Security for External Commercial Borrowings
Posted Date : 01-Jan-2015 , 08:04:59 pm | Posted By: CASANSAAR
RBI/2014-15/377A.P. (DIR Series) Circular No. 55
January 01, 2015
To
All Authorised Dealer Category-I Banks
Madam/ Sir
Security for External Commercial Borrowings
Attention of Authorised Dealers Category-I (AD Category-I) banks is invited to Paragraphs 1 (A)(vii) and 1 (B) (vi) ofAnnex to A P (DIR Series) Circular No. 5 dated August 1, 2005andA P (DIR Series) Circular No. 1 dated July 11, 2008relating to creation of charge over securities for External Commercial Borrowings (ECB).
2. Unde...
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Implementation of Cheque Truncation System - Dispensation of the requirement of forwarding of government cheques in physical form to government
Posted Date : 01-Jan-2015 , 04:08:57 pm | Posted By: Rupa Kaushik
RBI/2014-15/375DGBA.GAD.No.H - 2887/42.01.035/2014 -15
January 1, 2015
The Chairman/Chief Executive OfficerAll agency banks
Dear Sir
Implementation of Cheque Truncation System - Dispensation of the requirement of forwarding of government cheques in physical form to government
Please refer to ourcircular DGBA.GAD.No.H - 1463/42.01.035/2014-15 dated September 30, 2014wherein it was stated that the discontinuation of P2F for government cheques was to be implemented with effect from Jan...
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