| Notifications/Circulars |
Category : RBI |
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 900
|
 |
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 ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1655
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1163
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 847
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1222
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 838
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1097
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1134
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 990
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1007
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1018
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1220
|
|
Undertaking of Activity by UCBs as PAN Service Agents (PSA)
Posted Date : 30-Oct-2014 , 08:25:51 am | Posted By: CASANSAAR
RBI/2014-15/280UBD.BPD. (PCB). Cir No.24/13.05.000/2014-15
October 29, 2014
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Undertaking of Activity by UCBs as PAN Service Agents (PSA)
Please refer tocirculars UBD.BPD. (PCB). Cir. No. 63/13.05.000/2013-14 dated May 16, 2014andUBD.BPD. (PCB). Cir. No. 38/13.05.000/2013-14 dated November 14, 2013, permitting only Financially Sound and Well Managed (FSWM) UCBs to act as PAN Service Agent (PSA), with prior appr...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 845
|
|
Fourth Bi-monthly Monetary Policy for 2014-15 Introduction of Liquidity Adjustment Facility (LAF) for Scheduled Urban Cooperative Banks
Posted Date : 30-Oct-2014 , 08:24:41 am | Posted By: CASANSAAR
RBI/2014-15/279UBD.BPD.(SCB).Cir.No.1/16.27.000/2014-15
October 29, 2014
The Chief Executive Officers ofAll Scheduled Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Fourth Bi-monthly Monetary Policy for 2014-15Introduction of Liquidity Adjustment Facility (LAF) for Scheduled Urban Cooperative Banks
Please refer to para 24 of Fourth Bi-Monthly Monetary Policy Statement 2014-15 (extract appended) by Reserve Bank of India on September 30, 2014 on the captioned subject.
2. In order to pr...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 867
|
|
Risk Weights for calculation of CRAR
Posted Date : 30-Oct-2014 , 08:23:40 am | Posted By: CASANSAAR
RBI/2014-2015/278RPCD.RCB.BC.No.37/07.51.012/2014-15
October 29, 2014
All State / Central Cooperative Banks (StCBs/CCBs)
Madam / Dear Sir,
Risk Weights for calculation of CRAR
Please refer to ourcircular RPCD.CO.RF.BC.40/07.38.03/2007-08 dated December 4, 2007advising StCBs/CCBs to compute CRAR and disclose it as ‘Notes on Accounts’. Risk weights to be allotted to various items of assets were enclosed asannex Ito the above mentioned circular.
2. In the light of thecircular RPCD...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1193
|
|
Know Your Customer (KYC) Norms – Clarification on proof of address
Posted Date : 22-Oct-2014 , 09:36:43 pm | Posted By: CASANSAAR
RBI/2014-15/273UBD. BPD (PCB). Cir.No. 22/14.01.062/2014-15
October 22, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Know Your Customer (KYC) Norms – Clarification on proof of address
Please refer to ourcircular UBD.BPD.(PCB).Cir.No.69/14.01.062/2013-14 dated June 10, 2014on the captioned subject. In this connection we also draw your attention to ourcircular UBD. BPD (PCB). Cir.No. 16/14.01.062/2014-15 dated September 16, 2014, forwarding copi...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 978
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1059
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1048
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 922
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 974
|
|
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 ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 995
|
|
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 ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 853
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 846
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 901
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 944
|
|
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,...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 890
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 891
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 952
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 853
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 997
|
|
|
|
|
