| Notifications/Circulars |
Category : 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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RBI |
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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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RBI |
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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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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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RBI |
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Relaxation to Trade and Industry in the State of Jammu & Kashmir
Posted Date : 16-Aug-2014 , 10:09:50 am | Posted By: CASANSAAR
RBI/2014-15/180DBOD.No.BP.BC.32/21.04.012/2014-15
August 14, 2014
The Chairmen & Managing Directors/Chief Executive Officers ofAll Scheduled Commercial Banks(excluding Regional Rural Banks)
Dear Sir/ Madam,
Relaxation to Trade and Industry in the State of Jammu & Kashmir
Please refer to ourcircular DBOD.No.BP.BC.50/21.04.012/2012-13 dated October 23, 2012extending the period of concessions/ credit relaxations to borrowers / customers in Jammu & Kashmir up to 31 March 2014. It ha...
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RBI |
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Usage of ATMs – Rationalisation of number of free transactions
Posted Date : 16-Aug-2014 , 10:09:12 am | Posted By: CASANSAAR
RBI/2014-15/179DPSS.CO.PD.No. 316/02.10.002/2014-2015
August 14, 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
Usage of ATMs – Rationalisation of number of free transactions
The number of Automated Teller Machines (ATMs), which stood at a little over 27,000 as at end-March 2007, has increased to over 1.6 lakh acros...
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RBI |
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Inter-Government Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA) - Registration
Posted Date : 16-Aug-2014 , 10:08:32 am | Posted By: CASANSAAR
RBI/2014-15/178DPSS.CO.AD.No.283/02.27.005/2014-15
August 14, 2014
To
All Payment System Providers, System Participantsand prospective Prepaid Payment Instrument Issuers
Madam/Dear Sir,
Inter-Government Agreement (IGA) with United States of America (US) under Foreign Accounts Tax Compliance Act (FATCA) - Registration
Government of India (GoI) has advised that India and US have reached an agreement in substance on the terms of an Inter-Governmental Agreement (IGA) to implement FATCA...
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RBI |
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Restructuring of Swarna Jayanti Shahari Rozgar Yojana (SJSRY) as National Urban Livelihoods Mission
Posted Date : 16-Aug-2014 , 10:07:52 am | Posted By: CASANSAAR
RBI/2014-15/177RPCD.CO.GSSD.BC.No. 26/09.16.03/2014-15
August 14 , 2014
The Chairman / Managing DirectorAll Scheduled Commercial Banks (Including RRBs)and SLBC Convenor Banks
Dear Sir,
Restructuring of Swarna Jayanti Shahari Rozgar Yojana (SJSRY) as National Urban Livelihoods Mission
Please refer to ourMaster Circular RPCD. CO. GSSD. BC. No 01/09.16.01/2013-14 dated July 01, 2013on the Swarna Jayanti Shahari Rozgar Yojana.
2. The Government of India, Ministry of Housing and Urban Poverty A...
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Appointment of Non-Deposit Accepting NBFCs with asset size of `.100 crore and above as sub - agents under Money Transfer Service Schemes (MTSS)
Posted Date : 13-Aug-2014 , 07:38:23 am | Posted By: CASANSAAR
RBI/2014-15/174DNBS.CC.PD.No. 405/03.10.01/2014-15
August 12, 2014
To
All Non-Deposit Accepting Non-Banking Financial Companieswith asset size of`.100 crore and above
Dear Sirs,
Appointment of Non-Deposit Accepting NBFCs with asset size of`.100 crore and aboveas sub- agents under Money Transfer Service Schemes (MTSS)
In order to broaden the network of sub-agents under the Money Transfer Service Schemes (MTSS), it has been decided to permit Non-Deposit Accepting NBFCs with asset size of`.10...
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Interest Rate Futures - NBFCs
Posted Date : 13-Aug-2014 , 07:37:41 am | Posted By: CASANSAAR
RBI/2014-15/173DNBS.CC.PD.No.406/03.10.01/2014-15
August 12, 2014
To
All Non-Deposit Accepting Non-Banking Financial Companieswith asset size of`.1000 crore and above
Dear Sirs,
Interest Rate Futures - NBFCs
Please refer toCircular DNBS.PD.CC.No.161/3.10.01/ 2009-10 dated September 18, 2009permitting NBFCs to participate in the designated interest rate futures exchanges recognized by SEBI, as clients, subject to RBI / SEBI guidelines in the matter, for the purpose of hedging their underlyi...
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RBI |
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Modification of Guidelines on Mortgage Guarantee Companies (MGCs)
Posted Date : 08-Aug-2014 , 07:31:30 pm | Posted By: CASANSAAR
RBI/2014-15/170DNBS (PD) CC. No.20/MGC/03.011.001/2014-15
August 08, 2014
All registered Mortgage Guarantee Companies
Dear Sir,
Modification of Guidelines on Mortgage Guarantee Companies (MGCs)
Please refer to the “Guidelines on Registration and Operations of Mortgage Guarantee Companies under Section 45L(1)(b) of the Reserve Bank of India Act, 1934” (herein after called Guidelines) issued videnotifications no. DNBS (PD) MGC No. 3,4and5/CGM (PK)-2008dated February 15, 2008.
2. ...
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RBI |
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Certain amendments in Regulatory framework for SCs/RCs – Clarifications
Posted Date : 07-Aug-2014 , 10:00:43 pm | Posted By: CASANSAAR
RBI/2014-2015/169DNBS (PD) CC. No. 42/SCRC/26.03.001/2014-2015
August 07, 2014
The Chairman/Managing Director/Chief Executive OfficerAll registered Securitisation Companies (SCs)/Reconstruction Companies (RCs)
Dear Sir,
Certain amendments in Regulatory framework for SCs/RCs – Clarifications
Please refer to ourcircular DNBS (PD) CC No.41/ SCRC / 26.03.001/ 2014-2015 dated August 5, 2014.
2. We have received a number of queries in the matter from the industry a...
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Monetary Policy Statement 2014-15 – SLR Holdings under Held to Maturity Category
Posted Date : 07-Aug-2014 , 09:59:51 pm | Posted By: CASANSAAR
RBI/2014-15/168RPCD.CO.RRB. BC.No.25/03.05.33/2014-15
August 7, 2014
All Regional Rural Banks
Dear Sir,
Monetary Policy Statement 2014-15 –SLR Holdings under Held to Maturity Category
Please refer to paragraph 11 of the Third Bi-Monthly Monetary Policy Statement, 2014-15 (extract enclosed) announced on August 5, 2014 relating to banks’ total holdings of SLR securities in the held to maturity (HTM) category.
2. In terms of para 1.2 of ourcircular RPCD.CO.RRB.BC.No. 74/03.05.33/2...
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RBI |
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Refinancing of Project loans
Posted Date : 07-Aug-2014 , 09:59:12 pm | Posted By: CASANSAAR
RBI/2014-15/167DBOD.BP.BC.No. 31/21.04.132/2014-15
August 7, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Refinancing of Project loans
Please refer to ourcircular DBOD.BP.BC.No.24/21.04.132/2014-15 dated July 15, 2014on ‘Flexible Structuring of Long Term Project Loans to Infrastructure and Core Industries’, which enables banks to flexibly structurenewlong term project loans to infrastructure and core industries.
2. However, with regard toexistinginfrastructure ...
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RBI |
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Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
Posted Date : 05-Aug-2014 , 07:21:58 pm | Posted By: CASANSAAR
RBI/2014-15/161DBOD.Ret.BC.29/12.02.001/2014-15
August 05, 2014
All Scheduled Commercial Banksand Local Area Banks(Excluding Regional Rural Banks)
Dear Sir,
Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR).
Please refer to ourcircular DBOD.Ret.BC.117/12.02.001/2013-14 dated June 03, 2014, on the captioned subject.
2. As announced in theThird Bi-Monthly Monetary Policy Statement 2014-15 by the Reserve Bank of India on August 05, 2014, it has be...
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RBI |
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Additional Disclosures by Regional Rural Banks in Notes to Accounts
Posted Date : 29-Jul-2014 , 08:04:21 am | Posted By: CASANSAAR
RBI/2013-14/150RPCD.CO.RRB.BC.No.17/03.05.33/2014-15
July 28, 2014
The ChairmenAll Regional Rural Banks
Dear Sir/Madam,
Additional Disclosures by Regional Rural Banks in Notes to Accounts
A reference is invited toparagraph 18of the First Bi-Monthly Monetary Policy Statement 2014-15 announced on April 1, 2014 wherein it was proposed to prescribe certain additional disclosure requirements as per the recommendations of theCommittee on Comprehensive Financial Services for Small Businesses and L...
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Public Provident Fund Scheme, 1968 and Senior Citizen Savings Scheme, 2004 - Amendments in Rules
Posted Date : 17-Jul-2014 , 08:36:46 pm | Posted By: CASANSAAR
RBI/2014-15/130DGBA.CDD. No. 293/15.02.001/2014-15
July 17, 2014
The Chairman and Managing Director/Managing DirectorGovernment Accounts Department/Head OfficeState Bank of India/State Bank of Patiala/State Bank of Bikaner & Jaipur/State Bank of Travancore/State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/Allahabad 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 Comm...
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RBI |
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Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
Posted Date : 15-Jul-2014 , 07:50:52 pm | Posted By: CASANSAAR
RBI/2014-15/127DBOD.BP.BC.No.25/08.12.014/2014-15
July 15, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
In the Union Budget 2014-15, presented on July 10, 2014, the Hon’ble Finance Minister announced that:
“131.Long term financing for infrastructure has been a major constraint in encouraging larger private sector participation in this sector. On the asset side, banks wi...
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