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Category : RBI |
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Introduction of Digital Life Certificates for Pensioners
Posted Date : 09-Dec-2014 , 05:38:30 pm | Posted By: Ravich
RBI/2014-2015/344A.P.(DIR Series) Circular No.48
December 09, 2014
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Overseas Investments by Alternative Investment Funds (AIF)
Attention of the Authorised Dealer (AD - Category I) banks is invited to Regulation 26 ofNotification No. FEMA.120/RB-2004 dated July 7, 2004[Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from ...
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Overseas Investments by Alternative Investment Funds (AIF)
Posted Date : 09-Dec-2014 , 05:35:53 pm | Posted By: Ravich
RBI/2014-2015/344A.P.(DIR Series) Circular No.48
December 09, 2014
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Overseas Investments by Alternative Investment Funds (AIF)
Attention of the Authorised Dealer (AD - Category I) banks is invited to Regulation 26 ofNotification No. FEMA.120/RB-2004 dated July 7, 2004[Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from ...
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RBI |
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Foreign Direct Investment (FDI) in India – Review of FDI policy –Sector Specific conditions
Posted Date : 08-Dec-2014 , 05:44:58 pm | Posted By: Rupa Kaushik
RBI/2014-15/339A.P.(DIR Series) Circular No.45
December 8, 2014
To
All Category – I Authorised Dealer banks
Madam/Sir,
Foreign Direct Investment (FDI) in India – Review of FDI policy –Sector Specific conditions
Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Annex B of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000(the Principal Regulations) no...
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Foreign Direct Investment (FDI) in India – Review of FDI policy –Sector Specific conditions- Defence
Posted Date : 08-Dec-2014 , 05:43:17 pm | Posted By: Rupa Kaushik
RBI/2014-15/340A.P. (DIR Series) Circular No. 46
December 8, 2014
To
All Category – I Authorised Dealer banks
Madam/Sir,
Foreign Direct Investment (FDI) in India – Review of FDI policy –Sector Specific conditions- Defence
Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Regulation 14 and Annex B of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside I...
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White Label ATMs (WLAs) in India - Guidelines
Posted Date : 06-Dec-2014 , 06:11:42 am | Posted By: CASANSAAR
RBI/2014-15/338DPSS.CO.PD.No.1025/02.10.003/2014-2015
December 5, 2014
The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative BanksAuthorised ATM Network Operators / Card Payment Network OperatorsWhite Label ATM Operators
Madam / Dear Sir,
White Label ATMs (WLAs) in India - Guidelines
A reference is invited to ourcircular DPSS.CO.PD. No. 2298 / 02.10.002 / ...
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RBI |
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Mobile Banking Transactions in India - Operative Guidelines for Banks
Posted Date : 04-Dec-2014 , 05:27:20 pm | Posted By: Ravich
RBI/2014-15/337DPSS.CO.PD.No.1017/02.23.001/2014-2015
December 04, 2014
The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks
Madam /Dear Sir
Mobile Banking Transactions in India - Operative Guidelines for Banks
A reference is invited to ourMaster Circular RBI/ 2014-15/104 DPSS.CO.PD. Mobile Banking.No.2/02.23.001/2014-15 dated July 1, 2014wh...
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RBI |
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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 : 03-Dec-2014 , 04:48:00 pm | Posted By: CASANSAAR
RBI/2014-15/334FIDD.GSSD.BC NO.44/09.10.001/2014-15
December 03, 2014
The Chairman /Managing DirectorAll Scheduled Commercial Banks
Dear Sir/Madam
Credit facilities to Minority Communities - Inclusion of jain Community UnderSection 2(c) of the National Commission of Minorities (NCM) Act,1992
Please refer to paragraph 2 of ourMaster Circular RPCD.GSSD.BC.No.2/09.10.01/2013-14 dated July 01, 2013on “Credit Facilities to Minority Communities”.
2. Ministry of Minority Affairs, Gove...
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Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India- Relaxations
Posted Date : 03-Dec-2014 , 12:50:23 pm | Posted By: Rupa Kaushik
RBI/2014-15/333DPSS.CO.PD.No.980/02.14.006/2014-15
December 03, 2014
All Prepaid Payment Instrument Issuers,System Providers, System Participantsand all other Prospective Prepaid PaymentInstrument Issuers
Madam / Dear Sir
Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India- Relaxations
A reference is invited to thecircular issued vide RBI/2014-2015/105 DPSS.CO.PD.PPI.No. 3/02.14.006/2014-15 July 1, 2014on the Master Circular – Policy Guidelines on Issuance and Opera...
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Import of Gold (under 20: 80 Scheme) by Nominated Banks / Agencies / Entities
Posted Date : 29-Nov-2014 , 07:56:10 am | Posted By: CASANSAAR
RBI/2014-15/329A. P. (DIR Series) Circular No.42
November 28, 2014
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Import of Gold (under 20: 80 Scheme) by Nominated Banks / Agencies / Entities
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the provisions contained inA.P.(DIR Series) Circular No.25 dated August 14, 2013and the subsequent clarifications issued from time to time, resting with theA.P. (DIR Series) Circular No.133 dated May ...
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Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Posted Date : 29-Nov-2014 , 07:55:13 am | Posted By: CASANSAAR
RBI/2014-15/328DBR.BP.BC.No.52/21.04.098/2014-15
November 28, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Please refer to the ‘Fourth Bi-monthly Monetary Policy Statement, 2014-15’ announced on September 30, 2014, wherein it was proposed that pursuant to the guidelines issued on the liquidity coverage ratio (LCR) in Jun...
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Implementation of Bharat Bill Payment System (BBPS) - Guidelines
Posted Date : 29-Nov-2014 , 07:54:10 am | Posted By: CASANSAAR
RBI/2014-15/327DPSS.CO.PD. No. 940 /02.27.020/2014-2015
November 28, 2014
The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative BanksAll System Providers, System Participantsand any other prospective Bharat Bill Payment Operating Units
Madam/Dear Sir,
Implementation of Bharat Bill Payment System (BBPS) - Guidelines
In theSecond Quarter Review of Monetary P...
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RBI |
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Branch Authorisation Policy - Information to be submitted by Banks along with Annual Branch Expansion Plan (ABEP)
Posted Date : 28-Nov-2014 , 05:38:24 pm | Posted By: Rupa Kaushik
RBI/2014-15/326DBR.No.BAPD.BC.51/22.01.001/2014-15
November 28, 2014
All Domestic Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam
Branch Authorisation Policy - Information to be submitted byBanks along with Annual Branch Expansion Plan (ABEP)
Please refer to ourcirculars DBOD.No.BAPD.BC.54/22.01.001/2013-14 dated September 19, 2013, andDBOD.No.BAPD.BC.60/22.01.001/2013-14 dated October 21, 2013regarding relaxations in Branch Authorisation Policy. Accordingly,circular DBOD....
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Supervisory Action Framework for Urban Co-operative Banks (UCBs)
Posted Date : 28-Nov-2014 , 08:13:33 am | Posted By: CASANSAAR
RBI/2014-15/323DCBR.BPD.(PCB).Cir No.3/12.05.001/2014-15
November 27, 2014
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Supervisory Action Framework for Urban Co-operative Banks (UCBs)
Please refer tocircular UBD.BPD.(PCB).Cir.No.22/12.05.001/2011-12 dated March 01, 2012in terms of which Supervisory Action Framework (SAF) for UCBs was introduced. Having regard to the improvements witnessed by the sector and the need for ensuring more timely supervisory ...
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RBI |
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Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
Posted Date : 27-Nov-2014 , 04:19:16 pm | Posted By: Rupa Kaushik
RBI/2014-15/320DBR.BP.BC.No.50/08.12.014/2014-15
November 27, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
Please refer to ourcircular DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014on the captioned subject. In continuation of the same, banks are advised as under:
2. In order to provide liquidity to retail investors in such bonds, it has been decided that banks can extend lo...
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RBI |
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Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List
Posted Date : 25-Nov-2014 , 05:25:41 pm | Posted By: Ravich
RBI/2014-15/315DBR.CO.RRB.No.5559/03.05.365/2014-15
November 25, 2014
All Regional Rural Banks
Madam/Dear Sir,
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List
Please refer to ourcircular RPCD.RRB.RCB.AML.No.3509/07.51.19/2014-15 dated September 30, 2014on the captioned subject releasing 18th update dated September 23, 2014 regarding UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List.
2. Ministry o...
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RBI |
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Simplification of Know Your Customer (KYC) Norms – Creating Public awareness
Posted Date : 25-Nov-2014 , 08:04:05 am | Posted By: CASANSAAR
RBI/2014-15/314DPSS.CO.AD.No.890/02.27.005/2014-15
November 24, 2014
All Payment System Providers, System Participantsand Prepaid Payment Instrument Issuers
Madam/Dear Sir,
Simplification of Know Your Customer (KYC) Norms – Creating Public awareness
Please refer to our circulars/instructions issued from time to time on the captioned subject. In this regard, we enclose a copy ofcircular DBOD.AML.No.3356/14.01.001/2014-15 dated September 4, 2014issued by Department of Banking Op...
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RBI |
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The Depositor Education and Awareness Fund Scheme, 2014 –Section 26A of Banking Regulation Act, 1949- Due diligence of customers
Posted Date : 21-Nov-2014 , 10:14:06 pm | Posted By: CASANSAAR
RBI/2014-15/311DBR.No.DEA Fund Cell.BC. 49/30.01.002/2014-15
November 21, 2014
The Chairman and Managing Director /Chief Executive OfficerAll 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 ofBanking Regulation Act, 1949- Due diligence of customers
Please refer tocircular DBOD.No.DEAF Cell.BC.114/30.01.002/20...
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RBI |
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External Commercial Borrowings (ECB) Policy – Parking of ECB proceeds
Posted Date : 21-Nov-2014 , 04:59:09 pm | Posted By: Rupa Kaushik
RBI/2014-15/309A.P. (DIR Series) Circular No. 39
November 21, 2014
To
All Authorised Dealer Category-I Banks
Madam / Sir
External Commercial Borrowings (ECB) Policy – Parking of ECB proceeds
Attention of Authorized Dealer Category - I (AD Category- I) banks is invited toA.P. (DIR Series) Circular No. 52 dated November 23, 2011relating to parking of proceeds of External Commercial Borrowings (ECB).
2. At present, eligible ECB borrowers are required to bring ECB proceeds, meant for Ru...
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RBI |
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Release of Foreign Exchange for Haj/ Umrah pilgrimage
Posted Date : 21-Nov-2014 , 04:56:33 pm | Posted By: Rupa Kaushik
RBI/2014-15/310A.P. (DIR Series) Circular No.40
November 21, 2014
To
All Authorised Persons in Foreign Exchange
Madam / Sir,
Release of Foreign Exchange for Haj/ Umrah pilgrimage
Attention of Authorised Persons in foreign exchange is invited to A.P. (DIR Series) Circular No. 19 dated October 30, 2000;A.P. (DIR Series) Circular No.11 [A.P. (F.L. Series) Circular No.1] dated November 13, 2001andA.P.(DIR Series) Circular No. 50 [A.P.(FL Series) Circular No. 7] dated May 4, 2010, regarding rel...
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Levy of penal charges on non-maintenance of minimum balances in savings bank accounts
Posted Date : 20-Nov-2014 , 05:22:22 pm | Posted By: CASANSAAR
RBI/2014-15/308DBR.Dir.BC.No.47/13.03.00/2014-15
November 20, 2014
All Scheduled Commercial Banks(Excluding RRBs)
Dear Sir/Madam
Levy of penal charges on non-maintenance of minimum balances in savings bank accounts
Please refer to ourcircular DBOD.Dir.BC.53/13.10.00/2002-03 dated December 26, 2002on ‘Minimum Balance in Savings Bank Accounts’ advising banks to inform customers, in a transparent manner, regarding the requirement of minimum balance in savings bank account and levy ...
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Export of Goods / Software / Services Period of Realisation and Repatriation of Export Proceeds
Posted Date : 20-Nov-2014 , 04:57:02 pm | Posted By: Ravich
RBI/2014-15/306A.P. (DIR Series) Circular No. 37
November 20, 2014
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Export of Goods / Software / Services – Period of Realisation and Repatriationof Export Proceeds – For exporters including Units in SEZs, Status HolderExporters, EOUs, Units in EHTPs, STPs and BTPs
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 52 dated November 20, 2012extending the enhanced pe...
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RBI |
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Cheque related fraud cases - preventive measures
Posted Date : 14-Nov-2014 , 03:59:12 pm | Posted By: Rupa Kaushik
RBI/2014-15/303DCBR.CO.BPD.(PCB). Cir No 2/12.05.001/2014-15
November 13, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Cheque related fraud cases - preventive measures
The rise in the number of cheque related fraud cases is a matter of serious concern. It is evident that many of such frauds could have been avoided had due diligence been observed at the time of handling and/or processing the cheques and monitoring newly opened accounts. Primary (Ur...
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Budget (2014-15) Announcement Financing of Joint Farming groups of ‘Bhoomi Heen Kisan’
Posted Date : 14-Nov-2014 , 03:54:56 pm | Posted By: Rupa Kaushik
RBI/2014-15/304FIDD.CO.FSD.BC 42/05.02.02/2014-15
November 13, 2014
The Chairman and Managing DirectorAll Scheduled Commercial Banks
Dear Sir
Budget (2014-15) AnnouncementFinancing of Joint Farming groups of ‘Bhoomi Heen Kisan’
As per Para 80 of the Union Budget, it has been declared that 5 lakh Joint Liability Groups of ‘Bhoomi Heen Kisan’ will be financed through NABARD in the current financial year. The detailed guidelines, based on the inputs received from NABARD...
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Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards - Primary (Urban) Co-operative Banks
Posted Date : 13-Nov-2014 , 04:05:00 pm | Posted By: Ravich
RBI/2014-15/302DCBR.CO.BPD .(AD). Cir No 1/14.01.062/2014-15
November 13, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Madam / Sir,
Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) -Standards - Primary (Urban) Co-operative Banks
Please refer to ourcircular UBD.BPD.(AD).Cir.No.1/14.01.062/2014-15 July 31, 2014on risks arising from the deficiencies in AML / CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has upd...
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Review of the Non-Banking Financial Company – Factors (Reserve Bank) Directions, 2012
Posted Date : 10-Nov-2014 , 08:14:36 pm | Posted By: CASANSAAR
RBI/2014-15/300DNBR (PD) CC.No. 003/22.10.91/2014-15
November 10, 2014
Dear Sirs,
Review of the Non-Banking Financial Company – Factors (Reserve Bank) Directions, 2012
Please refer toDNBS (PD) CC. No. 297/Factor/22.10.91/ 2012-13, dated July 23, 2012in terms of which an NBFC-Factor shall ensure that its financial assets in the factoring business constitute at least 75 per cent of its total assets and its income derived from factoring business is not less than 75 per cent of its gross i...
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Revised Regulatory Framework for NBFC
Posted Date : 10-Nov-2014 , 08:13:58 pm | Posted By: CASANSAAR
RBI/2014-15/299DNBR (PD) CC.No. 002/03.10.001/2014-15
November 10, 2014
All NBFCs (excluding Primary Dealers)
Dear Sirs,
Revised Regulatory Framework for NBFC
The NBFC (Non-Banking Finance Company) sector has evolved considerably in terms of its size, operations, technological sophistication, and entry into newer areas of financial services and products. NBFCs are now deeply interconnected with the entities in the financial sector, on both sides of their balance sheets. Being financ...
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RBI |
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Designated Director – Amendment to Section 13(2) of Prevention of Money Laundering Act (PMLA)
Posted Date : 06-Nov-2014 , 11:42:33 am | Posted By: May I Help You.
RBI/2014-15/296DCBR.CO.BPD .(PCB). No 1/14.01.062/2014-15
November 5, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Designated Director – Amendment to Section 13(2) of Prevention of Money Laundering Act (PMLA)
Please refer to ourcircular UBD.CO.BPD.(PCB).Cir No.48/14.01.062/2013-14 dated February 18, 2014wherein UCBs were advised that they may nominate a Director on their Boards as ‘Designated Director’ to ensure compliance with the...
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Cheque related fraud cases - preventive measures
Posted Date : 06-Nov-2014 , 11:39:48 am | Posted By: May I Help You.
RBI/2014-15/294DBS.CFMC.BC.No. 006 /23.04.001/2014-15
November 5, 2014
The Chairperson / Chief Executive OfficersAll Scheduled Commercial Banks (excluding RRBs) / Local Area Banks
Dear Sir / Madam,
Cheque related fraud cases - preventive measures
The rise in the number of cheque related fraud cases is a matter of serious concern. It is evident that many of such frauds could have been avoided had due diligence been observed at the time of handling and/or processing the cheques and monitoring...
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RBI |
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Basel III Framework on Liquidity Standards – Monitoring tools for Intraday Liquidity Management
Posted Date : 04-Nov-2014 , 07:55:01 am | Posted By: CASANSAAR
RBI/2014-15/293DBR.BP.BC.No.46/21.04.098/2014-15
November 3, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Basel III Framework on Liquidity Standards – Monitoring tools for Intraday Liquidity Management
Please refer to the ‘Fourth Bi-Monthly Monetary Policy Statement’ announced on September 30, 2014, wherein it was proposed to issue final guidelines for monitoring tools for intra-day liquidity management in October 2014, consistent with the quantitative too...
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RBI |
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KYC – Clarification on Proof of Address
Posted Date : 31-Oct-2014 , 06:37:57 pm | Posted By: CASANSAAR
RBI/2014-15/288RPCD.RRB.RCB.AML.No.4424/07.51.018/2014-15
October 31, 2014
Regional Rural Banks (RRBs) /State / Central Cooperative Banks (StCBs/CCBs)
Madam / Dear Sir,
KYC – Clarification on Proof of Address
Please refer to ourcircular RPCD.RRB.RCB.AML.BC.No.111/07.51.018/2013-14 dated June 12, 2014on the captioned subject. In this regard we also draw your attention to ourcircular RPCD.RRB.RCB.AML.No.2797/07.51.018/2014-15 dated September 9, 2014, forwarding copies of a Press Release...
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