| Notifications/Circulars |
Category : RBI |
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Framework for Revitalising Distressed Assets in the Economy – Review of the Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP)
Posted Date : 21-Oct-2014 , 10:49:43 pm | Posted By: CASANSAAR
RBI/2014-15/271DBOD.BP.BC.No.45/21.04.132/2014-15
October 21, 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 – Review of the Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP)
Please refer to the ‘Framework for Revitalising Distressed Assets in the Economy’ issued on our website on Janua...
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Risk Weights for Calculation of CRAR
Posted Date : 21-Oct-2014 , 10:48:57 pm | Posted By: CASANSAAR
RBI/2014-15/270RPCD.CO.RRB.BC.No.35/03.05.33/2014-15
October 21, 2014
All Regional Rural Banks
Dear Sir,
Risk Weights for Calculation of CRAR
Please refer to ourcircular RPCD.CO.RRB.No.BC.44/05.03.095/2007-08 dated December 28, 2007advising RRBs to compute CRAR and disclose it as ‘Notes on Accounts’ to their Balance Sheets. Risk weights to be allotted to various items of assets were enclosed asAnnex Ito the above mentioned circular.
2. In the light of thecircular dated November...
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Fourth Bi-monthly Monetary Policy Statement, 2014-15 – SLR Holdings under Held to Maturity Category
Posted Date : 20-Oct-2014 , 05:57:26 pm | Posted By: CASANSAAR
RBI/2014-15/268RPCD.CO.RRB.BC.No. 34 /03.05.33/2014-15
October 20, 2014
All Regional Rural Banks
Dear Sir,
Fourth Bi-monthly Monetary Policy Statement, 2014-15 –SLR Holdings under Held to Maturity Category
Please refer to paragraph 25 of the Fourth Bi-monthly Monetary Policy Statement, 2014-15extract enclosedannounced on September 30, 2014.
2. In terms of our circularRPCD.CO.RRB.BC.No.25/03.05.33/2014-15 dated August 7, 2014on ‘Monetary Policy Statement 2014-15 – SLR Hold...
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RBI |
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Revisions to Basel II-Advanced Approaches of Operational Risk-TSA and AMA
Posted Date : 17-Oct-2014 , 07:49:36 am | Posted By: CASANSAAR
RBI/2014-15/265DBOD.No.BP.BC.43/21.06.017/2014-15
October 16, 2014
The Chairman and Managing Director /Chief Executive Officer ofAll Scheduled Commercial Banks(Excluding RRBs and Local Area Banks)
Dear Sir,
Revisions to Basel II-Advanced Approaches of Operational Risk-TSA and AMA
Please refer to the Reserve Bank Guidelines on Basel II-Advanced Approaches of Operational Risk as contained in circulars dated March 31, 2010 on ‘Implementation of The Standardised Approach (TSA) for Calcula...
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RBI |
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KYC – clarification on proof of address
Posted Date : 14-Oct-2014 , 08:27:50 am | Posted By: CASANSAAR
RBI/2013-14/264DBOD.AML No.5487/14.01.001/2014-15
October 13, 2014
The Chairperson/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/Local Area Banks / All India Financial Institutions
KYC – clarification on proof of address
Please refer to ourcircular DBOD.AML.BC. No. 119/14.01.001/2013-14 dated June 9, 2014on the above mentioned subject. In this regard we also draw your attention to our letter datedDBOD. AML. No. 3356/14.01.001/2014-15 dated September 4, 2014, forwarding copies ...
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RBI |
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Internet Banking (View Only) Facility for Customers of UCBs
Posted Date : 14-Oct-2014 , 08:27:06 am | Posted By: CASANSAAR
RBI/2014-15/262UBD.BPD. (PCB). Cir No. 21/09.18.300/2014-15
October 13, 2014
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Internet Banking (View Only) Facility for Customers of UCBs
Please refer tocircular UBD.BPD. (SCB). Cir. No. 1/09.18.300/2011-12 dated September 26, 2011on Internet Banking for Customers of UCBs, in terms of which scheduled UCBs satisfying certain criteria such as minimum networth of Rs.100 crores, CRAR of at least 10%, net NPA less ...
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Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM)
Posted Date : 14-Oct-2014 , 08:26:24 am | Posted By: CASANSAAR
RBI/2014-15/261UBD.CO.LS (PCB) Cir.No.20/07.01.000/2014-15
October 13, 2014
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.24/07.01.000/2013-14 dated October 1, 2013wherein the eligibility criteria for FSWM UCBs were laid down.
2. In this connection, attention of UCBs is invited to our circu...
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Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
Posted Date : 09-Oct-2014 , 10:40:53 pm | Posted By: CASANSAAR
RBI/2013-14/257A. P. (DIR Series) Circular No.35
October 9, 2014
To,
All Authorised Dealer Category - I Banks
Madam / Sir,
Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P. (DIR Series) Circular No. 28 [A. P. (FL/RL Series) Circular No. 02] dated February 6, 2008and theAnnexto the A.P. (DIR Series) Cir...
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Fourth Bi-monthly Monetary Policy Statement, 2014-15 – SLR Holdings under Held to Maturity Category
Posted Date : 08-Oct-2014 , 08:02:12 am | Posted By: CASANSAAR
RBI/2014-15/254DBOD.No.BP.BC.42/21.04.141/2014-15
October 7, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Fourth Bi-monthly Monetary Policy Statement, 2014-15 –SLR Holdings under Held to Maturity Category
Please refer to paragraph 25 of the Fourth Bi-monthly Monetary Policy Statement, 2014-15 (extract enclosed) announced on September 30, 2014.
2. In terms of ourcircular No.DBOD.No.BP.BC.30/21.04.141/2014-15 dated August 5, 2014on ‘Monetary Policy Statement 2014...
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RBI |
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Secondary market transactions in Government Securities - Short Selling
Posted Date : 01-Oct-2014 , 07:56:22 am | Posted By: CASANSAAR
RBI/2014-15/251IDMD.PCD.06/14.03.07/2014-15
September 30, 2014
All market participants
Dear Sir/Madam
Secondary market transactions in Government Securities - Short Selling
This has reference tocircular IDMD.No.03/11.01.01(B)/2005-06 dated February 28, 2006and updated videcirculars IDMD.No/11.01.01(B)/2006-07 dated January 31, 2007,IDMD.DOD.No. 3165/ 11.01.01(B) / 2007-08 dated January 1, 2008,IDMD.PCD.14/14.03.07/2011-12 dated December 28, 2011andIDMD.PCD.21/14.03.07/2011-12 dated June 21,...
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Risk Management and Inter Bank Dealings : Hedging under Past Performance Route
Posted Date : 01-Oct-2014 , 07:55:45 am | Posted By: CASANSAAR
RBI/2014-15/250A.P. (DIR Series) Circular No. 34
Sep 30, 2014
To
All Category – I Authorised Dealer Banks
Madam / Sir,
Risk Management and Inter Bank Dealings: Hedging under Past Performance Route
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 Series) c...
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RBI |
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Export Credit Refinance Facilities
Posted Date : 01-Oct-2014 , 07:55:08 am | Posted By: CASANSAAR
RBI/2014-15/249REF.No.MPD.BC. 374 /07.01.279/2014-15
Ashwina 8,1936(Saka)September 30, 2014
To
All Scheduled Banks [excluding Regional Rural Banks(RRBs) ]
Dear Sir/Madam,
Export Credit Refinance Facilities
Please refer to ourcircular No.MPD.372/07.01.279/2013-14 dated June 3, 2014whereby the eligible limit of export credit refinance (ECR) facility for schedule banks (excluding RRBs) was reduced from the level of 50 per cent of the outstanding rupee export credit eligible for refinance as a...
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RBI |
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Instruments for Augmentation of Capital Funds - Modification
Posted Date : 01-Oct-2014 , 07:54:26 am | Posted By: CASANSAAR
RBI/2014-15/248RPCD.RCB.BC.No.33/07.51.012/2014-15
September 30, 2014
All State / Central Cooperative Banks (StCBs/CCBs)
Madam / Dear Sir,
Instruments for Augmentation of Capital Funds - Modification
Please refer to ourcircular RPCD.RCB.BC.73/07.51.012/2013-14 dated January 7, 2014.
2. It has been decided to modify para 1 of the Annex-I to the said circular as under:
';StCBs/CCBs may issue Long Term (Subordinated) Deposits (LTDs) subject to compliance with their bye-laws / provisions of t...
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Rating of Fixed Deposits of NBFCs- Eligible Credit Rating Agencies- SME Rating Agency of India Ltd. (SMERA)
Posted Date : 25-Sep-2014 , 09:19:30 pm | Posted By: CASANSAAR
RBI/2014-15/243DNBS (PD).CC.No.410/03.10.001/2014-15
September 25, 2014
All Deposit Taking Non-Banking Financial Companies(except Residuary Non-Banking Companies)
Dear Sirs,
Rating of Fixed Deposits of NBFCs- Eligible Credit Rating Agencies- SME Rating Agency of India Ltd. (SMERA)
Please refer to Para 4 of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998, wherein, names of the Credit Rating Agencies approved by Reserve Bank of India are given...
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RBI |
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Implementation of Cheque Truncation System (CTS): Dispensation of the requirement of forwarding of government cheques in physical form to Government
Posted Date : 18-Sep-2014 , 10:22:39 pm | Posted By: CASANSAAR
RBI/2014-15/237DGBA.GAD.No.H -1204/42.01.035/2014 -15
September 18, 2014
The Chairman & Managing Director /The Chief Executive OfficerAll Agency Banks
Dear Sir / Madam,
Implementation of Cheque Truncation System (CTS): Dispensation of the requirement of forwarding of government cheques in physical form to Government - Change in the Memorandum of Instructions for reporting of government transactions
As part of enhancing the efficiency in cheque clearing, Reserve Bank has introduced CTS f...
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RBI |
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Know Your Customer (KYC) Norms – Creating Public Awareness
Posted Date : 17-Sep-2014 , 07:49:14 am | Posted By: CASANSAAR
RBI/2014-15/233UBD. BPD (PCB).Cir.No.16/14.01.062/2014-15
September 16, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Know Your Customer (KYC) Norms – Creating Public Awareness
The Reserve Bank of India, in the recent times, has been taking several measures to simplify KYC requirements to help the common man open bank accounts. It is, however, observed that despite such measures the general public is still facing problems in opening a bank acco...
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RBI |
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Treatment of accounts opened for credit of Scholarship Amounts under Government Schemes
Posted Date : 11-Sep-2014 , 08:11:53 am | Posted By: CASANSAAR
RBI/2014-15/226RPCD.RRB.RCB.BC.No.32/03.05.33/2014-15
September 10, 2014
All Regional Rural Banks / State and Central Co-operative Banks
Dear Sir/Madam,
Treatment of accounts opened for credit of ScholarshipAmounts under Government Schemes
Please refer to ourcirculars RPCD.CO.RRB.BC.No.41/03.05.33/2013-14 dated October 4, 2013andRPCD.RCB.BC.No.42/07.51.014/2013-14 dated October 7, 2013advising Regional Rural Banks and State / Central Cooperative Banks to allot a different “product cod...
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RBI |
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RRBs/StCBs/CCBs - KYC Norms / AML Standards / CFT / Obligation of banks under PMLA, 2002 – Client Due Diligence measures
Posted Date : 09-Sep-2014 , 08:05:33 pm | Posted By: CASANSAAR
RBI/2014-15/223RPCD.RRB.RCB.AML.BC.No.31/07.51.018/2014-15
September 9, 2014
Regional Rural Banks (RRBs) /State / Central Cooperative Banks (StCBs/CCBs)
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 – Client Due Diligence measures
Please refer toparagraph 2of our Master Circular RPCD.RRB.RCB.AML.BC.No.02/ 07.51.018/2014-15 d...
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Guidelines on Wilful Defaulters – Clarification regarding Guarantor, Lender and Unit
Posted Date : 09-Sep-2014 , 08:03:15 pm | Posted By: CASANSAAR
RBI/2014-15/221DBOD.No.CID. 41/20.16.003/2014-15
September 9, 2014
All Scheduled Commercial Banks (excluding RRBs and LABs) andAll India Notified Financial Institutions (FIs)
Dear Sir/ Madam
Guidelines on Wilful Defaulters –Clarification regarding Guarantor, Lender and Unit
Please refer to theMaster Circular on Wilful Defaulters DBOD.No.CID.BC.3/20.16.003/2014-15 dated July 1, 2014.
2. Paragraph 2.1 of the circular lists out various events when a “wilful default” would be...
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RBI |
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Upper age limit for Whole Time Directors on the Boards of Banks
Posted Date : 09-Sep-2014 , 08:02:06 pm | Posted By: CASANSAAR
RBI/2014-15/217DBOD. APPT.BC.No. 40 /29.39.001/2014-15
September 9, 2014
To
The Managing Director & Chief Executive Officers of all Private Sector Banks
Dear Sir / Madam,
Upper age limit for Whole Time Directors on the Boards of Banks
The matter relating to fixing an upper age limit for the post of Managing Director & Chief Executive Officers (MD & CEO) and other Whole Time Directors (WTDs) of banks in private sector in India has been examined in the light of the provisions of ...
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RBI |
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Basel III Liquidity Returns
Posted Date : 05-Sep-2014 , 09:04:43 pm | Posted By: CASANSAAR
RBI/2014-15/213DBS.No.OSMOS.2915/33.01.001/2014-15
September 5, 2014
The Chairman / Chairman & Managing Director/Managing Director / Chief Executive Officerof Public Sector Banks, Private Sector Banks /Foreign Banks (excluding RRBs)
Dear Sir/Madam
Basel III Liquidity Returns
Please refer to the ‘Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards’ dated June 9, 2014 (Circular ...
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RBI |
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Grant of ‘Certificate of Registration’ – CRIF High Mark Credit Information Services Private Limited
Posted Date : 04-Sep-2014 , 10:05:34 pm | Posted By: CASANSAAR
RBI/2014-15/211RPCD.CO.RRB.RCB.BC.No. 27/03.05.33/2014-15
September 4, 2014
Regional Rural Banks / State and Central Co-operative Banks
Dear Sir / Madam,
Grant of ‘Certificate of Registration’ –CRIF High Mark Credit Information Services Private Limited
Please refer to ourcirculars RPCD.CO.RRB.BC.No.36/03.05.33/2010-11 dated December 8, 2010andRPCD.CO.RCB.BC.No.33/07.40.06/2010-11 dated December 7, 2010regarding grant of ‘Certificate of Registration’ to High Mar...
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Simplification of KYC Norms - Creating Public Awareness
Posted Date : 04-Sep-2014 , 10:04:49 pm | Posted By: CASANSAAR
RBI/2014-15/209DBOD. AML. No. 3356/14.01.001/2014-15
September 4, 2014
The Chairperson / Chief Executive OfficersAll Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks /All India Financial Institutions
Dear Madam/Sir,
Simplification of KYC Norms - Creating Public Awareness
The Reserve Bank of India, in the recent times, has been taking several measures to simplify KYC requirements to help the common man open bank accounts. It is, however, observed that despite such measures the g...
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RBI |
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Inoperative Accounts
Posted Date : 01-Sep-2014 , 09:12:33 pm | Posted By: CASANSAAR
RBI /2014-15/200DBOD.No. Leg. BC. 36/09.07.005/2014-15
September 1, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam,
Inoperative Accounts
Please refer to paragraph 2(iv) of ourCircular DBOD.No.Leg.BC.34/09.07.005/2008-09 dated August 22, 2008on Unclaimed Deposits/Inoperative Accounts in Banks in terms of which a savings as well as current account should be treated as inoperative/dormant if there are no transactions in the account for over a period of two years. Further, i...
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RBI |
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Timelines for Credit Decisions
Posted Date : 01-Sep-2014 , 09:11:20 pm | Posted By: CASANSAAR
RBI/2014-15/199DBOD.No.BP.BC. 35/21.04.048/2014-15
September 1, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir/Madam,
Timelines for Credit Decisions
Please refer to our circulars IECD.No.24/08.13.08/96-97 dated April 15, 1997 and IECD.No.12/08.13.08/96-97 dated October 29, 1996 in terms of which instructions relating to formation of consortium by banks beyond a threshold limit were w...
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RBI |
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Implementation of Basel III Capital Regulations in India – Amendments
Posted Date : 01-Sep-2014 , 09:10:40 pm | Posted By: CASANSAAR
RBI/2014-15/201DBOD.No.BP.BC.38/21.06.201/2014-15
September 1, 2014
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 – Amendments
Please refer to the ‘Guidelines on Implementation of Basel III Capital Regulations in India’ issued videcircular DBOD.No.BP.BC.98/21.06.201/2011-12 dated May 2, 2012. These guidelines ...
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RBI |
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Treatment of accounts opened for credit of Scholarship Amounts under Government Schemes
Posted Date : 01-Sep-2014 , 09:09:48 pm | Posted By: CASANSAAR
RBI/2014-15/202DBOD.No.Leg.BC.37/09.07.005/2014-15
September 1, 2014
All scheduled Commercial Banks(Excluding RRBs)
Dear Sir/ Madam
Treatment of accounts opened for credit of ScholarshipAmounts under Government Schemes
Please refer to ourCircular DBOD. No. Leg. BC.53/09.07.005/2013-14 dated September 17, 2013advising banks to allot a different “product code” in their CBS to accounts opened by banks for beneficiaries under the various Central / State Government Schemes in...
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RBI |
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Security Issues and Risk mitigation measures related to Card Not Present (CNP) transactions
Posted Date : 23-Aug-2014 , 04:45:17 pm | Posted By: CASANSAAR
RBI/ 2014-15/191DBOD.AML.No.2868/14.06.001/2014-15
August 22, 2014
The Chairpersons / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions
Madam/Dear Sir,
Implementation of Section 51-A of UAPA, 1967 –Updates of the UNSCR 1988(2011) Taliban Sanctions List
Please refer to ourcircular DBOD.AML.No.2472/14.06.001/2014-15 dated August 14, 2014on the captioned subject. We have since received from Government of India, Ministry of Externa...
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RBI |
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NBFCs- Lending against Shares
Posted Date : 22-Aug-2014 , 08:09:14 am | Posted By: CASANSAAR
RBI/2014-15/186DNBS (PD).CC.No. 408 /03.10.001/2014-15
August 21, 2014
All NBFCs with asset size of`.100 cr and above(excluding Primary Dealers)
Dear Sirs,
NBFCs- Lending against Shares
At present, lending against shares carried out by NBFCs is not subject to specific instructions apart from the general prudential regulation applicable to all NBFCs. Lending against shares could be in the normal course where shares are accepted as collateral or as part of their capital market operations. NBF...
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RBI |
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Data Format for Furnishing of Credit Information to Credit Information Companies (CICs) and other Regulatory Measures
Posted Date : 20-Aug-2014 , 08:36:47 pm | Posted By: CASANSAAR
RBI/2014-15/184DNBS (PD).CC. No 407/03.10.01/2014-15
August 20, 2014
All Non Banking Financial Companies
Dear Sirs,
Data Format for Furnishing of Credit Information to Credit Information Companies (CICs) and other Regulatory Measures
A committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies (Chairman: Shri Aditya Puri) was constituted by the Reserve Bank of India (RBI). The Report of the Committee was placed on RBI’s website on...
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