RBI/2013-14/564DBOD.Dir.BC.No.106/13.03.00/2013-14 April 15, 2014 All Scheduled Commercial Banks(excluding RRBs) Dear Sir / Madam Differential Rate of Interest for Micro and Small Enterprises (MSEs) A reference is invited topart ‘B’ of the First Bi-monthly Monetary Policy Statement, 2014-15 announced on April 1, 2014wherein certain measures have been proposed to be adopted by banks in order to give a fillip to the flow of credit to micro and small enterprises (MSEs) borrow...

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RBI/2013-14/554DNBS (PD) CC.No.373/03.10.001/2013-14 April 7, 2014 All NBFCs Dear Sirs, Investment through Alternative Investment Funds – Clarification on Calculation of NOF of an NBFC In terms of section 45 IA of the RBI Act, 1934, net owned funds (NOF) of an NBFC means- (a) the aggregate of the paid-up equity capital and free reserves as disclosed in the latest balance-sheet of the company after deducting there from– (i) accumulated balance of loss;(ii) deferred revenue expe...

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RBI/2013-14/551DBOD.No.IBD.BC.104/23.67.001/2013-14 April 2, 2014 All Scheduled Commercial Banks(excluding RRBs) Dear Sir / Madam Gold (Metal) Loans (GMLs) Please refer to ourcircularDBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005andcircular DBOD.No.IBD.BC. 71/23.67.001/2006-07 dated April 3, 2007wherein banks had been advised to ensure the end use of gold loans and also to lay down appropriate risk management and lending policy to obviate the possibility of frauds in this area....

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RBI/2013-2014/550FMD.MOAG. No.101/01.01.009/2013-14 April 01, 2014 All Scheduled Commercial Banks (excluding RRBs) Madam / Sir, Term Repo under Liquidity Adjustment Facility As announced today in theFirst Bi-monthly Monetary Policy Statement 2014-15, it has been decided to increase the quantum of liquidity provided under 7-day and 14-day term repos from 0.5 per cent of net demand and time liabilities (NDTL) of the banking system to0.75 per cent with immediate effect. 2. All other terms and...

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RBI/2013-14/547DPSS.CO.PD.No.2074/02.14.006/2013-14 March 28, 2014 All Prepaid Payment Instrument Issuers, System Providers, System Participantsand all other Prospective Prepaid Payment Instrument Issuers Madam / Dear Sir Issuance and Operation of Pre-paid Payment Instruments in India – Consolidated Revised Policy Guidelines To regulate the issue and operation of Pre-paid Payment Instruments, in exercise of the powers conferred under Section 18 of the Payment and Settlemen...

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RBI/2013-14/546DPSS (CO) RTGS No. 2065/04.04.017/2013-14 March 28, 2014 The Chairperson / Chief Executive OfficerRTGS Members Madam / Dear Sir, Adoption of ISO 20022 Messaging Standard in RTGS System A reference is invited to our circular 2013 – 14/413 [DPSS (CO) RTGS No. 1357/04.04.017/2013-14] dated December 20, 2013 regarding adoption of ISO 20022 messaging standard by participants for seamless processing of RTGS messages without conversion from/to “R” series formats ...

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RBI/2013-14/543UBD.BPD.(PCB).Cir.No.53/13.05.000/2013-14 March 28, 2014 The Chief Executive Officers ofAll Multi-State Co-operative Banks Dear Sir/Madam, Guidelines on Sale of Financial Assets to Securitisation Company/Reconstruction Company (SC/RC) by Multi State Urban Cooperative Banks Please refer to para 13.2 ofMaster Circular UBD.BPD(PCB).MC.No.12/ 16.20.000/2013-14 dated July 1, 2013on Investments by UCBs. 2. It has been decided to permit Urban Cooperative Banks registered under theM...

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RBI/2013-14/542IDMD.PCD.11/14.03.05/ 2013-14 March 27, 2014 All Standalone Primary Dealers Dear Sir / Madam Capital requirements for standalone Primary Dealers’ exposure to interest rate derivative contracts, repo/reverse repo transactions and central counterparties Please refer to the Master Circular on Capital Adequacy Standards and Risk Management Guidelines for Standalone Primary Dealers issued videIDMD.PDRD.02/03.64.00/2013-14 dated July 1, 2013. 2. The existing guidelines on ca...

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RBI/2013-14/541IDMD.PCD.12/14.03.05/2013-14 March 27, 2014 All Standalone Primary Dealers (PDs) Dear Sir / Madam Exposure norms for standalone PDs Please refer to thecircular IDMD.PDRD.N0 19/03.64.00/2010-11 dated July 27, 2010updated videcirculars IDMD.PCD.No.1652/14.03.05/2010-11 dated November 11, 2010andIDMD.PCD.No.718/14.03.05/2012-13 dated September 3, 2012. 2. With a view to promote central clearing of standardised OTC derivative products through a Central Counter Party (CCP), it ha...

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RBI/2013-14/539DGBA.GAD.No.H - 5495/42.01.029/2013-14 March 27, 2014 The Chairman & Managing Director /The Chief Executive OfficerAll 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 2013-14 Please refer toCircular DGBA.GAD.No.H - 5353/42.01.029/2012-13 dated March 14, ...

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RBI/2013-14/538DBOD.No.BP.BC.102/21.06.201/2013-14 March 27, 2014 The Chairman and Managing Directors/Chief Executives Officers ofAll Scheduled Commercial Banks(Excluding Regional Rural Banks and Local Area Banks) Madam / Sir, Implementation of Basel III Capital Regulations in India – Capital Planning Please refer to theMaster Circular DBOD.No.BP.BC.2 /21.06.201/2013-14 dated July 1, 2013on Basel III Capital Regulations. 2. In view of the implementation of Basel III Capital Regulatio...

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RBI/2013-14/536DPSS.CO.CHD.No./2021/03.01.02/2013-2014 March 26, 2014 The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks/Local Area Banks Madam / Dear Sir, Clearing operations on March 29, 30 and 31, 2014 A reference is invited to the circular issued by our Department of Government and Bank Accounts (DGBA.GAD.No.H.5430/ 42.01.029/2013-14 dated Marc...

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RBI/2013-14/535DGBA.GAD.No.H - 5430/42.01.029/2013-14 March 26, 2014 The Chairman & Managing Director / 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 (2013-14) We have been requested by the Government of India and some State Governments to facilitate collection and accounting of government transactions (such as receipts of taxes an...

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RBI/2013-14/534DGBA.CDD.No. 5449/13.01.999/2013-2014 March 26, 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- [IINSS-C] Please refer to our circularsDGBA.CDD.No.3688/13.01.999/2013-2014 dated December 19, 2013andDGBA.CDD.No. 3798/13...

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RBI/2013-14/532FMD.MSRG.No.99/02.05.002/2013-14 March 25, 2014 All Scheduled Commercial Banks (excluding RRBs and LABs) and Primary Dealers Dear Sir/ Madam, Reporting of OTC Interest Rate Derivatives – Client Level Transactions Please refer to ourcircular FMD.MSRG.No.94/02.05.002/2013-14 dated December 04, 2013wherein it was advised that the existing reporting arrangement for the client level Rupee Interest Rate Swap (IRS)/Forward Rate Agreement (FRA) transactions by banks and primary...

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RBI/2013-14/531UBD CO BPD (PCB) Cir. No.52/12.05.001/2013-14 March 25, 2014 Chief Executive Officer ofAll Primary (Urban) Co-operative Banks Madam / Dear Sir, Balance Sheet of Banks - Disclosure of Information Please refer to ourCircular UBD.CO.BPD. (PCB) No. 20/16.45.00/2002-03 dated October 30, 2002on the captioned subject. 2. In terms of the above circular, urban co-operative banks (UCBs) having deposits of Rs.100 crore, were advised to disclose certain information as 'Notes on Accounts...

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RBI/2013-14/530UBD CO BPD PCB Cir No.51/09.18.201/2013-14 March 25, 2014 The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks Dear Sir / Madam, Instruments for Augmenting Capital Funds-UCBs - Modification Please refer to ourcircular UBD PCB Cir.No.4/09.18.201/2008-09 dated July 15, 2008on the captioned subject. 2. It has been decided to modify para 1 of the Annex II to the said circular as under: “UCBs may issue Long Term Deposits subject to compliance with their by...

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RBI/2013-14/527DBOD.No.DEAF Cell.BC.101/30.01.002/2013-14 March 21, 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 Please refer toparagraph 93of the Monetary Policy Statement 2013-14 announced by Governor on May 3,...

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RBI/2013-14/526DGBA.CDD. No. 5342 /15.02.001/2013-14 March 21, 2014 The Chairman and Managing Director/Managing DirectorHead Office, Government Accounts DepartmentState Bank of India/State Bank of Bikaner & Jaipur/State Bank of Hyderabad/State Bank of Mysore/State Bank of Patiala/ State Bank of Travancore/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...

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RBI/2013-14/525DIT CO No.1971/07.71.099/2013-14 March 19, 2014 The Chairmen/Chief Executive Officers,All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, End of Support for Windows XP It is learnt that Microsoft will stop issuing updates and patches for bugs in its Windows XP operating system (released in 2001) from April 8, 2014. The probability of attacks on such a system may increase and it may be difficult to defend such attacks in the absence of Microsoft support. 2. As som...

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RBI/2013-2014/523DNBS (PD) CC.No. 37/SCRC/26.03.001/2013-2014 March 19, 2014 The Chairman/Managing Director/Chief Executive OfficerAll registered Securitisation Companies/Reconstruction Companies Dear Sir, Buyback of assets from SC/RCs by the Defaulters and acquisition of assets bySC/RCs from sponsor banks Please refer to“The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003” dated April 23, 2003(herein after called Guidelines)....

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RBI/2013-2014/522DNBS (PD) CC. No. 36/SCRC/26.03.001/2013-2014 March 19, 2014 The Chairman/Managing Director/Chief Executive OfficerAll registered Securitisation Companies/Reconstruction Companies Dear Sir, Restructuring Support Finance - participation by investors Please refer to “The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003” dated April 23, 2003 (herein after called Guidelines) andDNBS.PD (SC/RC) CC. No. 13/26.03.001/...

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RBI/2013-14/520RPCD.CO.LBS.BC.No.93/02.01.001/2013-14 March 14, 2014 The Chairmen and Managing DirectorsAll Lead Banks Dear Sir, Annual Credit Plans – Potential Linked Plan (PLPs) prepared by NABARD Please refer to thecircular RPCD.CO.LBS. (SAA) BC.No.93/08.01.00/2004-05 dated April 11, 2005advising all scheduled commercial banks including Regional Rural Banks that a pre-PLP meeting may be convened by Lead District Manager during August /September to be attended by the banks, ...

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RBI/2013-14/515RPCD.CO.Plan.BC 91/04.09.01/2013-14 March 12, 2014 The Chairman/ Managing Director/Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)] Dear Sir, Priority Sector Lending-Targets and Classification-Bank loans to MFIs for on-lending-pricing criteria Please refer to paragraphs VIII (c) (i) and (ii) of our mastercircular No. RPCD.CO.Plan.BC.9/04.09.01/2013-14 dated July 1, 2013on Priority Sector Lending-Targets and Classification. 2. On a r...

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RBI/2013-14/513RPCD.CO.RCB.BC.No. 90 /07. 51.010 /2013-14 March 05, 2014 The ChairmenAll State/ District Cooperative Banks Dear Sir/Madam, Ensuring Reasonableness of Bank Charges and Charges Levied for Sending SMS Alerts by State Cooperative Banks (StCBs) /District Central Cooperative Banks (DCCBs) Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statements 2013-14 announced on October 29, 2013 (extract enclosed) on ‘Customer Service – Charges Levied ...

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RBI/2013-14/510DBOD.AML.BC.No. 100/14.01.001/2013-14 March 4, 2014 The Chairpersons/Chairmen / CEOs of all Scheduled Commercial Banks(Excluding RRBs)/Local Area Banks / All India Financial Institutions Madam / Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 –Recognising E-Aadhaar as an ‘Officially Valid Document’ under PML Rule...

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RBI/2013-14/509DCM(Plg) No.G- 19/3880/10.27.00/2013-14 March 03, 2014 The Chairman / Managing Director/ Chief Executive OfficerAll Scheduled Commercial BanksPrimary(Urban) Co-operative Banks/RRBs Dear Sir /Madam Withdrawal of all old series of Banknotes issued prior to 2005 Please refer to ourcircular DCM (Plg) No. G-17/3231/10.27.00/2013-14 dated January 23, 2014on the captioned subject which was followed by a Press Release on January 24, 2014 (copy enclosed). 2. On a review of the matter...

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RBI/2013-14/506UBD CO BPD (PCB) Cir. No. 49/12.05.001/2013-14 February 28, 2014 To All Multi-State Urban Co-operative Banks Madam / Dear Sir, Guidelines on ‘Fit and Proper Criteria’ for Chief Executive Officers (CEOs) of Multi-State Urban Co-operative Banks Please refer to the circular No R-11017/17/2011-L&M dated August 16, 2011 issued by Government of India, Ministry of Agriculture, Department of Agriculture and Co-operation on the captioned subject.(copy enclosed). It wo...

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RBI/2013-14/504IDMD/PCD/No. 11/14.01.01/2013-14 February 26, 2014 The Chairmen/ Chief Executives of all Scheduled Commercial Banks (excluding RRBs) / Co-operative Banks / Primary Dealers Dear Sir/Madam, Call/Notice Money Market Operations It has been decided to dispense with the extant practice of Banks/ PDs/ Co-operative banks approaching RBI for fixing of prudential limits for transactions in Call / Notice Money Market. Banks/PDs/ Co-operative banks may, with the approval of their Boards,...

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RBI/2013-14/503DBOD.BP.BC.No.97/21.04.132/2013-14 February 26, 2014 All Scheduled Commercial Banks(excluding RRBs)All-India Term-lending and Refinancing Institutions(Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Framework for Revitalising Distressed Assets in the Economy – Guidelines onJoint Lenders’ Forum (JLF) and Corrective Action Plan (CAP) Please refer to the Framework for Revitalising Distress Assets in the Economy placed on our website on January 30, 2014. Accordingly, deta...

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