| Notifications/Circulars |
Category : RBI |
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Priority Sector Lending- Targets and Classification –Overdraft in PMJDY accounts
Posted Date : 25-Feb-2015 , 09:43:57 pm | Posted By: CASANSAAR
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
Posted Date : 24-Feb-2015 , 06:12:23 pm | Posted By: Vijay
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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Raising Money through Private Placement of Non-Convertible Debentures (NCDs) by NBFCs
Posted Date : 21-Feb-2015 , 08:30:17 am | Posted By: CASANSAAR
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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Credit facilities to Minority Communities - Inclusion of Jain Community under Section 2(c) of the National Commission of Minorities (NCM) Act, 1992
Posted Date : 18-Feb-2015 , 06:26:33 pm | Posted By: Vijay
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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Risk Management and Inter Bank Dealings: Foreign Currency (FCY) – INR Swaps
Posted Date : 13-Feb-2015 , 06:53:02 pm | Posted By: Yogita Bajaj
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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Delay in Utilization of Advance Received for Exports
Posted Date : 09-Feb-2015 , 06:15:21 pm | Posted By: Ravich
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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Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- Regional Rural Banks (RRBs)
Posted Date : 06-Feb-2015 , 05:27:56 pm | Posted By: Ravich
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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Inflation Indexed National Savings Securities - Cumulative, 2013 - Early repayment/redemption
Posted Date : 06-Feb-2015 , 04:19:27 pm | Posted By: Yogita Bajaj
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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Re-repo of Government Securities Market
Posted Date : 06-Feb-2015 , 07:58:52 am | Posted By: CASANSAAR
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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Guidelines for implementation of Countercyclical Capital Buffer (CCCB)
Posted Date : 05-Feb-2015 , 05:27:43 pm | Posted By: Ravich
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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RBI releases Names of Applicants of Small Finance Banks and Payments Banks
Posted Date : 05-Feb-2015 , 08:22:30 am | Posted By: CASANSAAR
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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Ready Forward Contracts in Corporate Debt Securities
Posted Date : 03-Feb-2015 , 10:36:10 pm | Posted By: CASANSAAR
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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Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
Posted Date : 03-Feb-2015 , 10:35:13 pm | Posted By: CASANSAAR
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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Export Credit Refinance Facilities
Posted Date : 03-Feb-2015 , 04:09:20 pm | Posted By: Yogita Bajaj
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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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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