| Notifications/Circulars |
Category : RBI |
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Central Repository of Information on Large Credits (CRILC) – Revision in Reporting
Posted Date : 13-Feb-2014 , 08:58:25 pm | Posted By: CASANSAAR
RBI/2013-14/492DBS.No.OSMOS. 9862/33.01.018/2013-14
February 13, 2014
The Chairman / Chairman & Managing Director/Managing Director / Chief Executive Officerof Public Sector Banks, Private Sector Banks/Foreign Banks (Excluding RRBs and LABs)
Dear Sir,
Central Repository of Information on Large Credits (CRILC) – Revision in Reporting
1. Please refer toDBS.Dir.OSMOS.No.3327/33.01.001/2013-14 dated September 11, 2013along with a Directive of even date issued under Section 27(2) of BR...
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Term Repo under Liquidity Adjustment Facility- Operational Guideline
Posted Date : 13-Feb-2014 , 08:57:44 pm | Posted By: CASANSAAR
RBI/2013-14/491FMD.MOAG.No.98/01.01.009/2013-14
February 13, 2014
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Term Repo under Liquidity Adjustment Facility- Operational Guidelines
Please refer to ourcircular FMD.MOAG. No. 92 /01.01.009/2013-14 dated October 29, 2013on the captioned subject. Taking into account the requests received from the market participants, it has been decided to revise the timings of the Term Repo auctions from 2.30-3.00 PM to 11.00 -11.30 AM.
2. All ...
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Guidelines on Management of Intra-Group Transactions and Exposures
Posted Date : 13-Feb-2014 , 08:56:04 pm | Posted By: CASANSAAR
RBI/2013-14/487DBOD.No.BP.BC.96/21.06.102/2013-14
February 11, 2014
The Chairman and Managing Directors/Chief Executive Officers ofAll Scheduled Commercial Banks(excluding RRBs and LABs)
Madam / Sir,
Guidelines on Management of Intra-Group Transactions and Exposures
As a prudential measure aimed at better risk management and avoiding concentration of credit risk, the Reserve Bank of India (RBI) has prescribed prudential limits on banks’ exposure to single and group borrowers. Banks ar...
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Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer
Posted Date : 13-Feb-2014 , 08:38:10 pm | Posted By: CASANSAAR
RBI/2013-14/485DBOD.No.BP.95/21.04.048/2013-14
February 7, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
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 floating p...
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Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
Posted Date : 13-Feb-2014 , 08:37:20 pm | Posted By: CASANSAAR
RBI/2013-14/484UBD.BPD.(PCB).Cir.No.47/13.01.000/2013-14
February 7, 2014
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Deregulation of Interest Rates onNon-Resident (External) Rupee (NRE) Deposits
Please refer to ourcircular UBD.BPD.(PCB) CIR.No.8/13.01.000/2013-14 dated September 3, 2013allowing banks the freedom to offer interest rates on incremental NRE deposits with maturity of 3 years and above without any ceiling in order to pass on the benefit of...
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Revision in Bank Rate
Posted Date : 29-Jan-2014 , 08:05:45 am | Posted By: CASANSAAR
RBI/2013-2014/469UBD.BPD.(PCB).Cir.No.46/16.11.00/2013-14
January 28, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Revision in Bank Rate
Please refer to ourcircular UBD.BPD.(PCB).Cir. No. 33 /16.11.00/2013-14 dated October 29, 2013on the captioned subject.
2. As announced in theThird Quarter Review of Monetary Policy Statement for 2013-14 dated January 28, 2014, the Bank Rate stands adjusted by 25 basis points from 8.75 per cent to 9.0 ...
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Housing Sector: New Sub-Sector CRE-Residential Housing (CRE-RH) Segment within CRE Sector & Rationalisation of Provisioning and Risk Weight
Posted Date : 29-Jan-2014 , 08:03:33 am | Posted By: CASANSAAR
RBI/2013-14/465UBD.BPD.(PCB).Cir.No.45/13.05.000/2013-14
January 28, 2014
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Housing Sector: New Sub-Sector CRE-Residential Housing (CRE-RH) Segment within CRE Sector & Rationalisation of Provisioning and Risk Weight
Please refer to paragraph 82 of the Monetary Policy Statement 2013-14 (extract enclosed) on ‘Commercial Real Estate - Residential Housing: Prudential Norms’, announced on ...
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Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 29-Jan-2014 , 08:02:07 am | Posted By: CASANSAAR
RBI/2013-14/464REF.No.MPD.BC. 371/07.01.279/2013-14
Magha 8,1935 (Sake)January 28, 2014
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 theThird Quarter Review of Monetary Policy 2013-14 dated January 28, 2014, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points from 7.75 per cent to 8.00 per ce...
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Conversion of debt into shares, consent level of security enforcement actions and permission to acquire debt from other SC/RCs
Posted Date : 23-Jan-2014 , 07:34:26 pm | Posted By: CASANSAAR
RBI/2013-2014/460DNBS (PD) CC. No. 35/SCRC/26.03.001/2013-2014
January 23, 2014
The Chairman/Managing Director/Chief Executive OfficerAll registered Securitisation Companies/Reconstruction Companies
Dear Sir,
Conversion of debt into shares, consent level of security enforcement actionsand permission to acquire debt from other SC/RCs
Please refer to “The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003” dated April 23, 2003 (her...
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Review of Guidelines on Restructuring of Advances by NBFCs
Posted Date : 23-Jan-2014 , 07:33:35 pm | Posted By: CASANSAAR
RBI/2013-14/459DNBS.CO. PD. No. 367/03.10.01/2013-14
January 23, 2014
All NBFCs excluding Primary Dealers
Dear Sirs,
Review of Guidelines on Restructuring of Advances by NBFCs
As indicated inparagraph 42of the Second Quarter Review of Monetary Policy 2013-14 announced on October 29, 2013, the extant instructions on restructuring of advances by NBFCs have been reviewed on the lines of the recommendations of the Reserve Bank’s Working Group (Chairman: Shri B. Mahapatra) to review pruden...
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Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account
Posted Date : 23-Jan-2014 , 09:07:27 am | Posted By: CASANSAAR
RBI/2013-14/458DBOD.BP.BC.No. 87/21.01.001/2013-14
January 22, 2014
The Chairmen / Chief Executives ofAll Scheduled Commercial Banks (excluding RRBs)
Collection of Account Payee Cheques -Prohibition on Crediting Proceeds to Third Party Account
Please refer to ourcircular DBOD.BP.BC.No.50/21.01.001/2011-12 dated November 4, 2011advising banks that they are prohibited from crediting 'account payee' cheques to the account of any person other than the payee named therein. We reiterate ...
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NEFT – Customer Service and Charges – Adherence to Procedural Guidelines and Circulars
Posted Date : 22-Jan-2014 , 06:07:52 pm | Posted By: CASANSAAR
RBI/2013-14/457DPSS.CO.EPPD No.1583/04.03.01/2013-14
January 21, 2014
The Chairman and Managing Director / Chief Executive Officerof member banks participating in NEFT
Madam / Dear Sir,
NEFT – Customer Service and Charges – Adherence to Procedural Guidelines and Circulars
The National Electronic Fund Transfer (NEFT) System, operational since November 2005 has seen an exponential growth in terms of volumes handled by the system, with a vast number of customers (individuals, corpo...
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Liquidity Adjustment Facility- Reverse Repo
Posted Date : 17-Jan-2014 , 05:23:58 pm | Posted By: CASANSAAR
RBI/2013-14/451FMD.MOAG. No.95/01.01.001/2013-14
January 17, 2014
All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility- Reverse Repo
Based on the feedback received from the market participants, it has been decided to revise the timings ofReverse Repo window under Liquidity Adjustment Facility (LAF). The Reverse Repo window will now be available between 7.00 pm and 7.30 pm instead of the existing timings of 4.45 pm ...
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Distribution of Banknotes & Coins – Review of Incentives & Penalties
Posted Date : 16-Jan-2014 , 07:44:37 pm | Posted By: CASANSAAR
RBI/2013-14/450DCM (CC) No.G-16/03.39.01/2013-14
January 13, 2014
The Chairman & Managing Directors/Chief Executive OfficersAll Scheduled Commercial Banks(Including RRBs, UCBs, State Cooperative Bank& District Central Cooperative Banks)
Dear Sir / Madam,
Distribution of Banknotes & Coins – Review of Incentives & Penalties
Please refer to Sl No.4 of ourCircular DCM (CC) No.G-10/03.39.01/2013-14 dated August 12, 2013, whereby we had extended the scheme of Incentive...
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Alteration in the name of \"Development Credit Bank Limited\" to \"DCB Bank Limited\" in the Second Schedule to the Reserve Bank of India Act, 1934
Posted Date : 11-Jan-2014 , 08:12:32 am | Posted By: CASANSAAR
RBI/2013-14/442Ref.DBOD.No.Ret.BC /83/12.06.097/2013-14
January 10, 2014
All Scheduled Commercial Banks
Dear Sir
Alteration in the name of ';Development Credit Bank Limited'; to ';DCB Bank Limited '; in the Second Schedule to the Reserve Bank of India Act, 1934
We advise that the name of ';Development Credit Bank Limited” has been changed to ';DCB Bank Limited'; in the Second Schedule to the Reserve Bank of India Act, 1934 w.e.f. October 24, 2013 vide Notification DBO...
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Guidelines for Classification and Valuation of Investments
Posted Date : 08-Jan-2014 , 07:07:35 pm | Posted By: CASANSAAR
RBI/2013-14/434RPCD.CO.RRB.BC.No. 74/03.05.33/2013-14
January 07, 2014
The ChairmenAll Regional Rural Banks
Dear Sir/Madam,
Guidelines for Classification and Valuation of Investments
Please refer to ourcircular RPCD.RRB.BC.No.59/03.05.34/2010-11 dated April 11, 2011, in terms of which RRBs were exempted from ‘Mark to Market’ (MTM) norms in respect of their entire investment in SLR securities, upto the financial year 2012-13. It has now been decided to withdraw the exemption from...
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Application of Minimum Capital Adequacy Norms to State and Central Cooperative Banks (StCBs/CCBs)
Posted Date : 08-Jan-2014 , 07:06:54 pm | Posted By: CASANSAAR
RBI/2013-14/433RPCD.RCB.BC.73/07.51.012/2013-14
January 7, 2014
The Chairman / Managing DirectorAll State and Central Cooperative Banks
Dear Sir / Madam,
Application of Minimum Capital Adequacy Norms toState and Central Cooperative Banks (StCBs/CCBs)
Please refer to thecircular RPCD.CO.RF.BC.40/07.38.03/2007-08 dated December 4, 2007wherein the State and Central Cooperative Banks had been advised to disclose the level of Capital to Risk weighted Assets Ratio (CRAR) as on March 31, 2008 and ...
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Banks’ Exposure to Central Counterparties (CCPs) - Interim Arrangements
Posted Date : 07-Jan-2014 , 05:15:08 pm | Posted By: CASANSAAR
RBI/2013-14/430DBOD.No.BP.BC.82/21.06.217/2013-14
January 7, 2014
The Chairman and Managing Director/Chief Executive Officer ofAll Scheduled Commercial Banks(Excluding Regional Rural Banks)
Dear Sir / Madam,
Banks’ Exposure to Central Counterparties (CCPs) - Interim Arrangements
In terms ofpara 2.1.1.1of the Master Circular on Exposure Norms dated July 1, 2013, the exposure limit applicable to a single counterparty of a bank is 15 per cent of its capital funds.
2. The recen...
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Banks’ Exposure to Central Counterparties (CCPs) - Interim Arrangements
Posted Date : 07-Jan-2014 , 05:13:07 pm | Posted By: CASANSAAR
RBI/2013-14/430DBOD.No.BP.BC.82/21.06.217/2013-14
January 7, 2014
The Chairman and Managing Director/Chief Executive Officer ofAll Scheduled Commercial Banks(Excluding Regional Rural Banks)
Dear Sir / Madam,
Banks’ Exposure to Central Counterparties (CCPs) - Interim Arrangements
In terms ofpara 2.1.1.1of the Master Circular on Exposure Norms dated July 1, 2013, the exposure limit applicable to a single counterparty of a bank is 15 per cent of its capital funds.
2. The recent ...
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Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 01-Jan-2014 , 08:31:45 pm | Posted By: CASANSAAR
RBI/2013-14/426DNBS(PD).CC. No 364/03.10.42/2013-14
January 1, 2014
All Non Banking Financial Companies excludingResiduary Non Banking Companies
Dear Sir/Madam,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Please refer toDNBS (PD).CC.No.352/03.10.42/2012-13 dated July 23, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has updated its Statement on October 18, 2013 on the captio...
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Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) – Risk Weights and Provisioning
Posted Date : 01-Jan-2014 , 08:30:38 pm | Posted By: CASANSAAR
RBI/2013-14/425DNBS.PD.363/03.10.38/2013-14
January 1, 2014
All NBFC-MFIs
Dear Sirs,
Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) – Risk Weights and Provisioning
The Ministry of Housing & Urban Poverty Alleviation, Government of India has set up the CRGFTLIH vide their Notification No.O-17034/122/2009-H dated June 21, 2012for the purpose of providing guarantee in respect of low income housing loans. On the issue of assignment of appropr...
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RBI\'s clarification on Scribbling on Banknotes
Posted Date : 31-Dec-2013 , 05:24:13 pm | Posted By: CASANSAAR
In the wake of rumours circulating in the market that from January 1, 2014, banks will not accept banknotes with anything written on them, the Reserve Bank has urged members of public not to fall prey to such rumours and to use their banknotes without any fear. The Reserve Bank of India has clarified it has NOT issued any such instructions.
It has further clarified that it had issued instructions on August 14, 2013 only to banks advising them to instruct their staff not to scribble or write o...
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Submission of online Quarterly Statements by Securitisation Companies/Reconstruction Companies registered with the Reserve Bank of India under Section 3(4) of the SARFAESI Act
Posted Date : 31-Dec-2013 , 05:20:12 pm | Posted By: CASANSAAR
RBI/2013-2014/422DNBS (PD) CC. No. 34/SCRC/26.03.001/2013-2014
December 31, 2013
All registered Securitisation Companies/ Reconstruction Companies
Submission of online Quarterly Statements by Securitisation Companies/Reconstruction Companies registered with the Reserve Bank ofIndia under Section 3(4) of the SARFAESI Act
Please refer to ourCircular DNBS (PD) CC. No. 5/SCRC/10.30.000/2006-2007 dated April 25, 2007and subsequent Circular DNBS (PD) CC. No.5 / SCRC / 10.30.000/2008-2009 dated Sep...
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Extension of banking hours in the designated branches, e-payment deadline and acceptance of payment of VCES dues
Posted Date : 31-Dec-2013 , 02:59:50 pm | Posted By: CASANSAAR
RBI/2013-14/420DGBA.GAD.No.H - 3800/42.07.001/2013-14
December 30, 2013
All Agency Banks (authorised to handle CBEC business)
Dear Sir/ Madam,
Extension of banking hours in the designated branches, e-payment deadline and acceptance of payment of VCES dues
The Department of Financial Services, GOI has requested us to facilitate payment of tax under Service Tax Voluntary Compliance Encouragement Scheme, 2013. In this connection, we request that following action may be taken by the designated ...
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Inflation Indexed National Savings Securities- Cumulative, 2013
Posted Date : 30-Dec-2013 , 07:22:42 pm | Posted By: CASANSAAR
RBI/2013-14/418DGBA.CDD.No.3798/13.01.999/2013-2014
December 30, 2013
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
Please refer to ourCircular DGBA.CDD.No. 3688/13.01.999/2013-2014 dated December 19, 2013on the caption...
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Special Deposit Scheme 1975 – Payment of interest for the calendar year 2013
Posted Date : 23-Dec-2013 , 09:07:43 pm | Posted By: CASANSAAR
RBI/2013-14/415DGBA.CDD. No.3622/15.01.001/2013-14
December 18, 2013
The Chairman & Managing DirectorHead OfficeGovernment Accounts DepartmentState Bank of India / State Bank of PatialaState Bank of Bikaner & Jaipur /State Bank of TravancoreState Bank of Hyderabad / State Bank of MysoreAllahabad 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 Commerce / P...
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Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961
Posted Date : 21-Dec-2013 , 08:34:53 am | Posted By: CASANSAAR
RBI/2013-14/412DBOD. No.BP.BC.77/21.04.018/2013-14
December 20, 2013
The Chairmen and Managing Directors / Chief Executive Officers ofall Commercial Banks (excluding Regional Rural Banks)
Dear Sir,
Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961
Please refer to our mailbox clarification dated November 6, 2009 with respect to the 'Special Reserve' created by banks under Section 36(1) (viii) of Income Tax Act, 1961 (hereinaf...
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Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Credit Card Accounts
Posted Date : 20-Dec-2013 , 09:34:21 pm | Posted By: CASANSAAR
RBI/2013-14/414DBOD.No.BP.BC.78/21.04.048/2013-14
December 20, 2013
The Chairman and Managing Director/Chief Executive Officer ofAll Scheduled Commercial Banks
Dear Sir,
Prudential Norms on Income Recognition, Asset Classification andProvisioning pertaining to Advances – Credit Card Accounts
Please refer toparagraph 2.1of the Master Circular dated July 01, 2013 on Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances, wherein defi...
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Adoption of ISO 20022 messaging standard in new RTGS System
Posted Date : 20-Dec-2013 , 09:33:20 pm | Posted By: CASANSAAR
RBI/2013-14/413DPSS (CO) RTGS No.1357/04.04.017/2013-14
December 20, 2013
The Chairperson / Chief Executive OfficerRTGS Members
Madam / Sir,
Adoption of ISO 20022 messaging standard in new RTGS System
As you are aware, the new RTGS System has been operationalised with effect from October 19, 2013 and the RTGS Business Regulations, 2013 have come into effect from the date.
2. The new RTGS system is based on ISO 20022 standard messaging formats. The objective of introducing ISO 20022...
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RBI releases FAQs on Inflation Indexed National Saving Certificates
Posted Date : 19-Dec-2013 , 05:58:46 pm | Posted By: CASANSAAR
1.Who is eligible to invest in the Inflation Indexed National Saving Securities-Cumulative (IINSS-C)?
♦
Only retail investors would be eligible to invest in these securities. The retail investors would include individuals, Hindu Undivided Family (HUF), charitable institutions registered under section 25 of the Indian Companies Act and Universities incorporated by Central, State or Provincial Act or declared to be a university under section 3 of the University Grants Commission Ac...
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