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Category : 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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RBI |
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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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RBI |
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Flexible Structuring of Long Term Project Loans to Infrastructure and Core Industries
Posted Date : 15-Jul-2014 , 07:50:10 pm | Posted By: CASANSAAR
RBI/2014-15/126DBOD.No.BP.BC.24/21.04.132/2014-15
July 15, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Flexible Structuring of Long Term Project Loans toInfrastructure and Core Industries
During the last decade, commercial banks have become the primary source of long term debt financing to projects in infrastructure and core industries. Infrastructure and core industries projects...
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RBI |
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Financial Literacy activities conducted by Financial Literacy Centres and rural branches of banks – monitoring system
Posted Date : 07-Jul-2014 , 08:51:11 pm | Posted By: CASANSAAR
RBI/2014-15/118RPCD.FLC.No. 218-348/12.01.018/2014-15
July 7, 2014
To Chairman/CMD of Scheduled Commercial Banks(including RRBs)
Dear Sir
Financial Literacy activities conducted by Financial Literacy Centres and rural branches of banks – monitoring system
Please refer to ourcirculars RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012andRPCD.FLC.No.7641/12.01.018/ 2012-13 dated January 31, 2013issuing operational guidelines for conduct of financial literacy camps by FLCs and rural ...
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RBI |
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Unique Customer Identification Code (UCIC) for banks' customers in India
Posted Date : 04-Jul-2014 , 07:58:32 am | Posted By: CASANSAAR
RBI/2014-15/115RPCD.RRB.RCB.AML.BC.No.12/07.51.018/2014-15
July 03, 2014
The Chairmen / Chief Executive OfficersAll Regional Rural Banks (RRBs) andState/Central Cooperative Banks (StCBs/CCBs)
Madam/Dear Sir,
Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks’ customers in India
Please refer to ourcircular RPCD.CO.RRB.RCB.AML.BC.No.82/03.05.33(E)/2011-12 dated June 11, 2012, on...
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RBI |
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Master Circular – Collection of Direct Taxes - OLTAS
Posted Date : 03-Jul-2014 , 07:35:38 am | Posted By: CASANSAAR
RBI/2014-15/108DGBA.GAD.No.H - 3/42.01.034/2014-15
July 1, 2014
To
All Agency Banks
Dear Sir / Madam
Master Circular – Collection of Direct Taxes- OLTAS
Please refer to ourmaster circular RBI/2012-13/101 dated July 02, 2012on the above subject. We have now updated themaster circularincorporating important instructions issued by us till end of June 2013. A copy of the same isenclosedfor your information. This circular may also be downloaded from our websitewww.mastercirculars.rbi.org....
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RBI |
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Defaulters of Rs. 1 crore and above (non-suit filed accounts) and Wilful Defaulters of Rs. 25 lakhs and above (non-suit filed accounts) – Changes in reporting to Reserve Bank of India (RBI)/Credit Information Companies (CICs)
Posted Date : 28-Jun-2014 , 07:42:32 am | Posted By: CASANSAAR
RBI/2013-14/667DBOD.No.CID.BC.128 /20.16.003/2013-14
June 27, 2014
All Commercial Banks (excluding RRBs),All India Notified Financial Institutions, andAll Credit Information Companies
Dear Sir / Madam
Defaulters of Rs. 1 crore and above (non-suit filed accounts) and Wilful Defaulters of Rs. 25 lakhs and above (non-suit filed accounts) – Changes in reporting to Reserve Bank of India (RBI)/Credit Information Companies (CICs)
Please refer to our circulars DBOD.No.BC/CIS/47/20.16.002/94 d...
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RBI |
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Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
Posted Date : 28-Jun-2014 , 07:41:31 am | Posted By: CASANSAAR
RBI/2013-14/666DBOD.No.CID.BC.127/20.16.056/2013-14
June 27, 2014
All Commercial Banks (excluding RRBs)All India Notified Financial Institutions andAll Credit Information Companies.
Dear Sir / Madam
Data Format for Furnishing of Credit Information to Credit Information Companies 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)...
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RBI |
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Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Operational Guidelines- Payment of Interest
Posted Date : 28-Jun-2014 , 07:40:09 am | Posted By: CASANSAAR
RBI/2013-14/665DBOD.No.DEAF Cell.BC. 126/30.01.002/2013-14
June 26, 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,
Banking Regulation Act, 1949 – Section 26ADepositor Education and Awareness Fund Scheme, 2014 –Operational Guidelines- Payment of Interest
Please refer to thecircular DBOD.No.DEAF...
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RBI |
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Recognizing E-Aadhaar as an ‘Officially Valid Document’ under PML Rules
Posted Date : 26-Jun-2014 , 07:56:09 pm | Posted By: CASANSAAR
RBI/2013-14/660DPSS. CO. D. No. 2646/02.27.005/2013-14
June 20, 2014
ToAll Payment System Providers, System Participantsand prospective Prepaid Payment Instrument Issuers
Madam/Dear Sir,
Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of Payment System Operators under Prevention of Money Laundering Act (PMLA), 2002 – e-KYC Service of UIDAI – Recognizing E- Aadhaar as an ‘Officially Valid Docum...
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RBI |
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Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation
Posted Date : 26-Jun-2014 , 07:52:14 pm | Posted By: CASANSAAR
RBI/2013-14/664DBOD.No.BP.BC.125/21.04.048/2013-14
June 26, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Prudential Norms on Income Recognition, Asset Classification andProvisioning Pertaining to Advances - Projects under Implementation
Please refer tocirculars DBOD.No.BP.BC.85/21.04.048/2009-10 dated March 31, 2010andDBOD.BP.BC.No.99/21.04.132/ 2012-13 dated May 30, 201...
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RBI |
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The Depositor Education and Awareness Fund Scheme, 2014 –Section 26A of Banking Regulation Act, 1949- Clarifications on Operational Guidelines
Posted Date : 26-Jun-2014 , 08:10:15 am | Posted By: CASANSAAR
RBI/2013-14/656DBOD.No.DEAF Cell.BC.123/30.01.002/2013-14
June 25, 2014
The Chairman and Managing Director /Chief Executive OfficersAll 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 of Banking Regulation Act, 1949- Clarifications on Operational Guidelines
Please refer to thecircular DBOD.No.DEAF C...
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RBI |
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Reviewing the Reporting and Accounting Procedure of Relief and Savings Bonds - Revised Application format - 8% Savings (Taxable) Bonds, 2003
Posted Date : 24-Jun-2014 , 08:55:09 pm | Posted By: CASANSAAR
RBI/2013-14/654DGBA.CDD. No. 6919/13.01.299/2013-14
June 12, 2014
The Chairman/Managing DirectorHead Office (Government Accounts Department)State Bank of India and Associates
All Nationalised Banks(Excluding Punjab and Sind Bank and Andhra Bank)Axis Bank Ltd./ HDFC Bank Ltd./ICICI Bank Ltd.Stock Holding Corporation of India Ltd.(SHCIL)
Dear Sir/Madam
Reviewing the Reporting and Accounting Procedure of Relief and Savings Bonds - Revised Application format - 8% Savings (Taxable) Bonds...
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RBI |
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Financial Inclusion by Extension of Banking Services – Use of Business Correspondents
Posted Date : 24-Jun-2014 , 08:54:12 pm | Posted By: CASANSAAR
RBI/2013-14/653DBOD.No.BAPD.BC.122/22.01.009/2013-14
June 24, 2014
All Domestic Scheduled Commercial Banks(excluding RRBs)
Dear Sir /Madam
Financial Inclusion by Extension of Banking Services –Use of Business Correspondents
Please refer toparagraph 26of the First Bi-monthly Monetary Policy Statement, 2014-15 announced on April 1, 2014 which stated that “On financial inclusion, the fourth pillar, the recommendations of the Mor Committee on accelerating the flow of credi...
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RBI |
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Constitution of Special Investigating Team – sharing of information
Posted Date : 24-Jun-2014 , 08:34:30 am | Posted By: CASANSAAR
RBI/2013–14/652DBOD.AML.No.20470/14.01.001/2013-14
June 23, 2014
The Chairpersons / CEOs of all Scheduled CommercialBanks (Excluding RRBs)/Local Area Banks /All India Financial Institutions
Dear Madam/Sir,
Constitution of Special Investigating Team – sharing of information
In pursuance of the Hon’ble Supreme Court Judgment dated July 4, 2011, Government of India has constituted a Special Investigation Team (SIT) under the Chairmanship of Hon’ble Justice M.B. Shah. In...
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RBI |
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New features in RTGS System
Posted Date : 24-Jun-2014 , 08:33:33 am | Posted By: CASANSAAR
RBI/2013–14/651DPSS (CO) RTGS No.2589/04.04.017/2013-14
June 20, 2014
The Chairman / Managing Director / ChiefExecutive Officer of participants of RTGS
Madam / Sir,
New features in RTGS System
Please refer to ourcircular DPSS (CO) RTGS No.801/04.04.017/2013-14 dated October 11, 2013regarding the launch of new RTGS system and coming into effect of “RTGS System Regulations 2013”. A reference is also invited to Chapter 9 of the “RTGS System Regulations 2013” where...
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RBI |
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Disclosure of sector-wise advances
Posted Date : 18-Jun-2014 , 09:01:23 pm | Posted By: CASANSAAR
RBI/2013-2014/647DBOD. No.BP.BC.121/21.04.018/2013-14
June 18, 2014
The Chairmen and Managing Directors / Chief Executive Officers ofall Commercial Banks (excluding Regional Rural Banks)
Dear Sir,
Disclosure of sector-wise advances
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 F...
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RBI |
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Exemption from Maintenance of CRR/SLR and Exclusion from ABC for Priority Sector Lending
Posted Date : 11-Jun-2014 , 09:10:56 pm | Posted By: CASANSAAR
RBI/2013-14/639UBD.BPD.(PCB).Cir.No.72/13.01.000//2013-14
June 11, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Section 42(1) of the Reserve Bank of India Act, 1934 andSection 18 & 24 of the Banking Regulation Act, 1949 (AACS)-FCNR (B)/NRE deposits – Exemption from Maintenance of CRR/SLRand Exclusion from ABC for Priority Sector Lending
Please refer to ourcircular UBD.BPD.(PCB).Cir.No.5/13.01.000//2013-14 dated August 27, 2013, in terms of...
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RBI |
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Introduction of Information System(IS) Audit for Urban Cooperative Banks
Posted Date : 11-Jun-2014 , 09:09:52 pm | Posted By: CASANSAAR
RBI/2013-14/638UBD.BPD.Cir.No. 71/12.09.000/2013-14
June 11, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Introduction of Information System(IS) Audit for Urban Cooperative Banks
Please refer to our circular UBD No.POT.PCB.30/09.96.00/2001-02 dated February 12, 2002 advising UCBs to introduce EDP audit system on perpetual basis. It is observed that since then some of the UCBs have adopted technology and have been offering electronic banking, tele banking, electronic...
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RBI |
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One Documentary Proof of Address - RBI further simplifies KYC Norms for Bank Accounts
Posted Date : 09-Jun-2014 , 09:29:32 pm | Posted By: CASANSAAR
RBI/2013-14/634DBOD.AML.BC. No. 119/14.01.001/2013-14
June 9, 2014
The Chairperson/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions
Dear Sir/ Madam,
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 – Clarification on Proof of Address
Please refer toparagraph 2.4(h), (i), (j) (l), (m) andAnne...
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RBI |
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Annual Turnover Target on behalf of Mid-segment and Retail investors for Primary Dealers (PDs)
Posted Date : 06-Jun-2014 , 08:47:00 am | Posted By: CASANSAAR
RBI/2013-14/630IDMD.PDRD.No. 3404/03.64.000/2013-14
June 5, 2014
All Market participants
Dear Sir/Madam,
Annual Turnover Target on behalf of Mid-segment and Retail investors for Primary Dealers (PDs)
Attention of PDs is invited to ourcircular IDMD.PCD.9/14.03.05/2011-12 dated August 30, 2011andpara 1.3.7of Master Circular on Operational Guidelines to PDs dated July 01, 2013 on the captioned subject.
2. It has been decided to enhance the minimum annual target for mid-segment and retail inve...
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RBI |
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Special Term Repo Auction
Posted Date : 05-Jun-2014 , 09:14:17 am | Posted By: CASANSAAR
RBI/2013-14/627FMD.MOAG. No. 103/01.01.009/2013-14
June 4, 2014
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Special Term Repo Auction
As announced yesterday in theSecond Bi-Monthly Monetary Policy Statement for 2014-15, it has been decided to introduce special term repo auctions of 28-day tenor for a notified amount up to 0.25 per cent of net demand and time liabilities (NDTL) of the banking system. The 28-day special term repo auction will usually be conducted on non-repor...
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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 : 04-Jun-2014 , 07:43:21 am | Posted By: CASANSAAR
RBI/2013-14/622DBOD.Ret.BC.117/12.02.001/2013-14
June 03, 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 ourcirculars DBOD.Ret.BC.33/12.02.001/2012-13 dated July 31, 2012andDBOD.Ret.BC.48/12.02.001/2012-13 dated September 28, 2012on the captioned subject.
2. As announced in theSecond Bi-Monthly Monetary Policy Statement 2014-15by...
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RBI |
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Capital and Provisioning Requirements for Exposures to entities with Unhedged Foreign Currency Exposure-Clarifications
Posted Date : 04-Jun-2014 , 07:42:33 am | Posted By: CASANSAAR
RBI/2013-14/620DBOD.No.BP.BC.116/21.06.200/2013-14
June 3, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding RRBs and LABs)
Dear Sir,
Capital and Provisioning Requirements for Exposures to entities with Unhedged Foreign Currency Exposure-Clarifications
Please refer to ourcircular DBOD.No. BP.BC. 85/21.06.200/2013-14 dated January 15, 2014detailing guidelines on capital and provisioning requirements for exposures to entities with Unhedged...
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RBI |
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Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961-UCBs
Posted Date : 30-May-2014 , 08:06:22 pm | Posted By: CASANSAAR
RBI/2013-14/619UBD. CO. BPD. PCB. Cir. No. 67/09.50.001/2013-14
May 30, 2014
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/ Dear Sir,
Deferred Tax Liability on Special Reserve created underSection 36(1) (viii) of the Income Tax Act, 1961-UCBs
It has been observed that some banks are not creating deferred tax liability (DTL) on Special Reserve as per Accounting Standard 22:'Accounting for taxes on Income' (AS 22) on the ground that they do not intend t...
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RBI |
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Formation of new State of Telangana – Assignment of SLBC Convenorship
Posted Date : 28-May-2014 , 08:11:06 pm | Posted By: CASANSAAR
RBI/2013-14/617RPCD.CO.LBS.No.13027/02.01.001/2013-14
May 28, 2014
The Chairman & Managing DirectorAll SLBC Convenor banks
Dear Sir/Madam,
Formation of new State of Telangana – Assignment of SLBC Convenorship
As per The Gazette of India Notification No. 6 of 2014 dated March 1, 2014, the 29thState of the country viz. Telangana has been formed and the appointed day has been fixed as June 2, 2014.
2. It has been decided to assign the SLBC convenorship of Telangana State to State Ba...
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RBI |
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Lending to Public Sector Undertakings
Posted Date : 28-May-2014 , 08:09:39 pm | Posted By: CASANSAAR
RBI/2013-14/615UBD.CO.BPD.(PCB) Cir No. 66/13.05.000/2013-14
May 28, 2014
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Lending to Public Sector Undertakings
It has been observed that a few Urban Cooperative Banks (UCBs) have been sanctioning high value loans to Public Sector Undertakings (PSUs) by admitting them as nominal members or otherwise.
2. As you are aware, UCBs are meant primarily to meet the credit needs of the society by providing loans an...
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RBI |
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Rounding off transactions to the Nearest Rupee by NBFCs
Posted Date : 27-May-2014 , 05:43:07 pm | Posted By: CASANSAAR
RBI/2013-14/609DNBS.CC.PD.No.377/03.10.01/2013-14
May 27, 2014
To
All Non-Banking Financial Companies
Dear Sir,
Rounding off transactions to the Nearest Rupee by NBFCs
It has come to the notice of the Reserve Bank that some non-banking financial companies (NBFCs) are carrying out transactions, including payment of interest on deposits/ charging interest of advances etc., without rounding off to the nearest rupee. In order to obviate unnecessary discomfort to the public and also to align wi...
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RBI |
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