| Notifications/Circulars |
Category : RBI |
|
|
Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of NBFCs
Posted Date : 26-May-2014 , 10:16:43 pm | Posted By: CASANSAAR
RBI/2013-14/606DNBS (PD) CC.No.376/03.10.001/2013-14
May 26, 2014
All NBFCs (excluding Primary Dealers)
Dear Sirs,
Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of NBFCs
Under Section 45 IA (4)(c) of the RBI Act, 1934, a certificate of Registration can only be given to a company if the Bank is satisfied, inter alia, that the general character of the management or the proposed management of the non-banking financial company shall not be prejudic...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 940
|
 |
Need for Bank Branches / ATMs to be made accessible to persons with disabilities
Posted Date : 22-May-2014 , 07:43:01 am | Posted By: CASANSAAR
RBI/2013-14/598DBOD.No.Leg.BC.113/09.07.005/2013-14
May 21, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam,
Need for Bank Branches / ATMs to be madeaccessible to persons with disabilities
Please refer to ourcircular DBOD.No.Leg.BC.123 /09.07.005/2008-09 dated April 13, 2009on the captioned subject, wherein banks were advised to provide, inter alia, ramps in all existing and future ATMs, and make at least one third of new ATMs installed as talking ATMs with Braille keypad...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 923
|
|
Undertaking of activity by the Urban Cooperative Banks (UCBs) as PAN Service Agent (PSA) for providing PAN issuance services to its customers by entering into tie-up with authorized Agencies
Posted Date : 17-May-2014 , 07:55:14 am | Posted By: CASANSAAR
RBI/2013-14/593UBD.CO.BPD.(PCB) Cir No. 63/13.05.000/2013-14
May 16, 2014
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Undertaking of activity by the Urban Cooperative Banks (UCBs) as PAN Service Agent (PSA) for providing PAN issuance services to its customers by entering into tie-up with authorized Agencies
Please refer tocircular UBD.CO.BPD.(PCB).Cir.No.38/13.05.000/2013-14 dated November 14, 2013wherein Financially Sound and Well Managed UCBs as de...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 933
|
|
Levy of Penal Charges on Non-Maintenance of Minimum Balances in Inoperative Accounts
Posted Date : 15-May-2014 , 10:09:39 pm | Posted By: CASANSAAR
RBI/2013-14/592UBD.BPD.Cir.No.62/13.03.000/2013-14
May 15, 2014
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Sir / Madam
Levy of Penal Charges on Non-Maintenance ofMinimum Balances in Inoperative Accounts
Please refer toPart B of the First Bi-monthly Monetary Policy Statement 2014-15 announced on April 1, 2014, proposing certain measures towards consumer protection such as non-levy of penal charges for non-maintenance of minimum balance in the inoperative accounts....
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1051
|
|
Treatment of RIDF and certain other funds under priority sector
Posted Date : 15-May-2014 , 10:08:55 pm | Posted By: CASANSAAR
RBI/2013-14/591RPCD.CO.Plan. BC 101/04.09.01/ 2013-14
May 15, 2014
The Chairman/ Managing Director/Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)]
Madam/Dear Sir,
Treatment of RIDF and certain other funds under priority sector
It has been decided to include the outstanding deposits placed by scheduled commercial banks under Rural Infrastructure Development Fund (RIDF) and certain other funds established with NABARD, on account of their shortfall in le...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 836
|
|
Issuance and Operation of Pre-paid Payment Instruments in India - Consolidated Revised Policy Guidelines
Posted Date : 14-May-2014 , 08:02:15 am | Posted By: CASANSAAR
RBI/2013-14/590DPSS.CO.PD.No. 2366/02.14.006/2013-14
May 13, 2014
All Prepaid Payment Instrument Issuers, System Providers, System Participantsand all other Prospective Prepaid Payment Instrument Issuers
Madam / Dear Sir
Issuance and Operation of Pre-paid Payment Instruments in India – ConsolidatedRevised Policy Guidelines
A reference is invited to our guidelinesDPSS.CO.PD.No. 2074/02.14.006/2013-14 dated March 28, 2014on the captioned subject.
2. On a review, it has been decided tha...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 923
|
|
Customer Service in Regional Rural Banks
Posted Date : 12-May-2014 , 10:11:01 pm | Posted By: CASANSAAR
RBI/2013-14/589RPCD.CO.RRB.BC.No. 100/03.05.33/2013-14
May 12, 2014
The ChairmenAll Regional Rural Banks
Dear Sir,
Customer Service in Regional Rural Banks
Customer service has great significance in the banking industry. The banking system in India today has perhaps the largest outreach for delivery of financial services and is also serving as an important conduit for delivery of financial services. While the coverage has been expanding day by day, the quality and content of dispensation of...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 911
|
|
Operations of foreign branches and subsidiaries of the Indian banks - Compliance with statutory/regulatory/administrative prohibitions/restrictions
Posted Date : 12-May-2014 , 10:10:19 pm | Posted By: CASANSAAR
RBI/2013-14/588DBOD.No.BP.BC.111/21.04.157/2013-14
May 12, 2014
All Scheduled Commercial Banks(Excluding RRBs and LABs) &All India Term-Lending & Refinancing Institutions
Madam / Sir,
Operations of foreign branches and subsidiaries of the Indian banks –Compliance with statutory/regulatory/administrative prohibitions/restrictions
Please refer to theCircular DBOD.No.BP.BC.89 /21.04.141/2008-09 dated December 1, 2008on the captioned subject. In terms of paragraph 5 of the circula...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 928
|
|
Advance against Pledge of Gold/ Silver Ornaments
Posted Date : 12-May-2014 , 10:09:38 pm | Posted By: CASANSAAR
RBI/2013-14/587UBD.CO.BPD.PCB.Cir.No.60/13.05.001/2013-14
May 9, 2014
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Advance against Pledge of Gold/ Silver Ornaments
Please refer tocircular UBD.PCB.Cir.No.24/13.05.001/ 08-09 dated November 10, 2008, wherein Urban Cooperative Banks (UCBs) were advised to observe safeguards in order to mitigate the inherent risks attached to sanction of loans and advances against Gold / Silver ornaments.
2. As a prude...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 995
|
|
Levy of foreclosure charges/pre-payment penalty on Floating Rate Term Loans
Posted Date : 08-May-2014 , 08:03:48 am | Posted By: CASANSAAR
RBI/2013-14/582DBOD. Dir.BC.No.110/13.03.00/2013-14
May 7, 2014
All Scheduled Commercial Banks(Excluding RRBs)
Dear Sir/Madam
Levy of foreclosure charges/pre-payment penalty on Floating Rate Term Loans
Please refer to ourcircular DBOD. No. Dir.BC.107/13.03.00/2011-12 dated June 5, 2012on ‘Home Loans- Levy of Fore-closure Charges/ Pre-payment Penalty’.
2. A reference is invited toPart B of the First Bi-monthly Monetary Policy Statement 2014-15 announced on April 1, 2014proposing...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 949
|
|
Opening of Bank Accounts in the Names of Minors
Posted Date : 06-May-2014 , 07:27:44 pm | Posted By: CASANSAAR
RBI/2013-14/581DBOD.No.Leg.BC.108/09.07.005/2013-14
May 6, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam,
Opening of Bank Accounts in the Names of Minors
Please refer to our circular DBOD.No.Leg.BC.158/C.90(H)-76 dated December 29, 1976 wherein banks were advised to allow minors’ accounts (fixed and savings deposit accounts) with mothers as guardians to be opened subject to safeguards in allowing operations in such accounts by ensuring that the minors’ accou...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1160
|
|
Levy of penal charges on non-maintenance of minimum balances in inoperative Accounts
Posted Date : 06-May-2014 , 07:26:42 pm | Posted By: CASANSAAR
RBI/2013-14/580DBOD. Dir.BC.No. 109 /13.03.00/2013-14
May 6, 2014
All Scheduled Commercial Banks(Excluding RRBs)
Dear Sir/Madam
Levy of penal charges on non-maintenance of minimum balances in inoperative Accounts
Please refer toPart B of the First Bi-monthly Monetary Policy Statement 2014-15 announced on April 1, 2014, proposing certain measures towards consumer protection such as non-levy of penal charges for non-maintenance of minimum balance in any inoperative accounts.
2. In this conne...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1146
|
|
Interest Tax Act 1974 - Collection from borrowers
Posted Date : 05-May-2014 , 07:47:06 pm | Posted By: CASANSAAR
RBI/2013-14/579UBD.BPD (PCB) Cir No.56/13.04.00/2013-14
May 5, 2014
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Dear Sir,
Interest Tax Act 1974 – Collection from borrowers
Please refer to ourcircular UBD.BPD (PCB) Cir No.18/13.04.00/2008-09 dated September 22, 2008on the captioned subject.
2. It is observed from the Supreme Court Order dated February 21, 2014 in Writ Petition (Civil) No.301 of 2005 that credit institutions which were in existence between Oct...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 962
|
|
Usage of Transaction Type Code (TTC) in RTGS
Posted Date : 29-Apr-2014 , 09:43:38 pm | Posted By: CASANSAAR
RBI / 2013 – 14/575DPSS (CO) RTGS No.2232/04.04.002/2013 - 2014
April 28, 2014
The Chairman / Managing Director / ChiefExecutive Officer of participants of RTGS
Madam / Dear Sir,
Usage of Transaction Type Code (TTC) in RTGS
We invite a reference to the RTGS System Regulations 2013, detailing the guidelines for RTGS transactions.
2. In terms of para 6.4 of RTGS System Regulations 2013, different Transaction Type Code (TTC) Values are prescribed for different types of RTGS tran...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1000
|
|
Uniform Accounting Standards at ARCs
Posted Date : 23-Apr-2014 , 09:14:26 pm | Posted By: CASANSAAR
RBI/2013-14/571DNBS (PD) CC. No. 38/SCRC/26.03.001/2013-14
April 23, 2014
The Chairman/Managing Director/Chief Executive OfficerAll registered Securitisation Companies/Reconstruction Companies
Dear Sir,
Uniform Accounting Standards at ARCs
Please refer to ';The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003'; dated April 23, 2003 (herein after called Guidelines).
2. Pursuant to the recommendations of the Key Advisory Group (KAG) constit...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 949
|
|
Scaling up of the Business Correspondent (BC) Model - Issues in Cash Management
Posted Date : 22-Apr-2014 , 09:32:53 pm | Posted By: CASANSAAR
RBI/2013-14/570RPCD.FID.BC.No. 96/12.01.011/ 20013-14
April 22, 2014
The Chairman/ Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks
Dear Sir/Madam,
Scaling up of the Business Correspondent (BC) Model –Issues in Cash Management
Please refer toPara 26 (Part B)of Governor's bi-monthly policy statement dated April 1, 2014 on the above subject.
2. In this connection, we advise that, after opening of large number of banking outlets in the last three years in hitherto...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 947
|
|
Reporting of information / data relating to Cash and Suspicious Transactions to the Director, Financial Intelligence Unit-India (FIU-IND)
Posted Date : 22-Apr-2014 , 09:32:21 pm | Posted By: CASANSAAR
RBI/2013-14/569DNBS(PD).CC. No.375 /03.10.42 /2013-14
April 22 , 2014
All Non Banking Financial Companies
Dear Sir,
Reporting of information / data relating to Cash and Suspicious Transactions to the Director, Financial Intelligence Unit-India (FIU-IND)
Please refer to the circular DNBS.(PD).CC.No.339/03.10.42/2013-14 dated July 1, 2013 [para III (17)] on the above subject.
2. In terms of the extant instructions, NBFCs are required to report information / data relating to Cash and Suspicio...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 903
|
|
Fund/Non-Fund based Credit Facilities to Overseas Joint Ventures / Wholly Owned Subsidiaries / Wholly owned Step-down Subsidiaries of Indian Companies
Posted Date : 22-Apr-2014 , 09:31:45 pm | Posted By: CASANSAAR
RBI/2013-14/568DBOD.No.BP.BC.107/21.04.048/2013-14
April 22, 2014
The Chairman and Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Fund/Non-Fund based Credit Facilities toOverseas Joint Ventures / Wholly Owned Subsidiaries /Wholly owned Step-down Subsidiaries of Indian Companies
Please refer to our circularDBOD.IBD.BC.No.96/23.37.001/2006-07 dated May 10, 2007, in terms of which banks were permitted to ex...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 946
|
|
Financial Benchmarks- Governance Framework for Benchmark Submitters
Posted Date : 16-Apr-2014 , 09:19:52 pm | Posted By: CASANSAAR
RBI/2013-2014/565FMD.MSRG.No.102/02.18.002/2013-14
April 16, 2014
All Scheduled Commercial Banks and Primary Dealers
Dear Sir/ Madam,
Financial Benchmarks- Governance Framework for Benchmark Submitters
As you are aware, theCommittee on Financial Benchmarks(Chairman: Shri P. Vijaya Bhaskar, Executive Director) had submitted its Report on February 7, 2014 recommending several measures/principles to be adopted in respect of major Indian Rupee interest rate and Foreign exchange benchmar...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 813
|
|
Differential Rate of Interest for Micro and Small Enterprises (MSEs)
Posted Date : 15-Apr-2014 , 10:01:12 pm | Posted By: CASANSAAR
RBI/2013-14/564DBOD.Dir.BC.No.106/13.03.00/2013-14
April 15, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir / Madam
Differential Rate of Interest for Micro and Small Enterprises (MSEs)
A reference is invited topart ‘B’ of the First Bi-monthly Monetary Policy Statement, 2014-15 announced on April 1, 2014wherein certain measures have been proposed to be adopted by banks in order to give a fillip to the flow of credit to micro and small enterprises (MSEs) borrow...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 987
|
|
Investment through Alternative Investment Funds - Clarification on Calculation of NOF of an NBFC
Posted Date : 08-Apr-2014 , 07:31:20 am | Posted By: CASANSAAR
RBI/2013-14/554DNBS (PD) CC.No.373/03.10.001/2013-14
April 7, 2014
All NBFCs
Dear Sirs,
Investment through Alternative Investment Funds – Clarification on Calculation of NOF of an NBFC
In terms of section 45 IA of the RBI Act, 1934, net owned funds (NOF) of an NBFC means-
(a) the aggregate of the paid-up equity capital and free reserves as disclosed in the latest balance-sheet of the company after deducting there from–
(i) accumulated balance of loss;(ii) deferred revenue expe...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 852
|
|
Gold (Metal) Loans (GMLs)
Posted Date : 02-Apr-2014 , 09:44:54 pm | Posted By: CASANSAAR
RBI/2013-14/551DBOD.No.IBD.BC.104/23.67.001/2013-14
April 2, 2014
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir / Madam
Gold (Metal) Loans (GMLs)
Please refer to ourcircularDBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005andcircular DBOD.No.IBD.BC. 71/23.67.001/2006-07 dated April 3, 2007wherein banks had been advised to ensure the end use of gold loans and also to lay down appropriate risk management and lending policy to obviate the possibility of frauds in this area....
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 967
|
|
Term Repo under Liquidity Adjustment Facility
Posted Date : 01-Apr-2014 , 09:25:46 pm | Posted By: CASANSAAR
RBI/2013-2014/550FMD.MOAG. No.101/01.01.009/2013-14
April 01, 2014
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Term Repo under Liquidity Adjustment Facility
As announced today in theFirst Bi-monthly Monetary Policy Statement 2014-15, it has been decided to increase the quantum of liquidity provided under 7-day and 14-day term repos from 0.5 per cent of net demand and time liabilities (NDTL) of the banking system to0.75 per cent with immediate effect.
2. All other terms and...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 909
|
|
Issuance and Operation of Pre-paid Payment Instruments in India - Consolidated Revised Policy Guidelines
Posted Date : 29-Mar-2014 , 09:59:30 am | Posted By: CASANSAAR
RBI/2013-14/547DPSS.CO.PD.No.2074/02.14.006/2013-14
March 28, 2014
All Prepaid Payment Instrument Issuers, System Providers, System Participantsand all other Prospective Prepaid Payment Instrument Issuers
Madam / Dear Sir
Issuance and Operation of Pre-paid Payment Instruments in India – Consolidated Revised Policy Guidelines
To regulate the issue and operation of Pre-paid Payment Instruments, in exercise of the powers conferred under Section 18 of the Payment and Settlemen...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 936
|
|
Adoption of ISO 20022 Messaging Standard in RTGS System
Posted Date : 29-Mar-2014 , 09:58:36 am | Posted By: CASANSAAR
RBI/2013-14/546DPSS (CO) RTGS No. 2065/04.04.017/2013-14
March 28, 2014
The Chairperson / Chief Executive OfficerRTGS Members
Madam / Dear Sir,
Adoption of ISO 20022 Messaging Standard in RTGS System
A reference is invited to our circular 2013 – 14/413 [DPSS (CO) RTGS No. 1357/04.04.017/2013-14] dated December 20, 2013 regarding adoption of ISO 20022 messaging standard by participants for seamless processing of RTGS messages without conversion from/to “R” series formats ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 911
|
|
Guidelines on Sale of Financial Assets to Securitisation Company/Reconstruction Company (SC/RC) by Multi State Urban Cooperative Banks
Posted Date : 29-Mar-2014 , 09:56:47 am | Posted By: CASANSAAR
RBI/2013-14/543UBD.BPD.(PCB).Cir.No.53/13.05.000/2013-14
March 28, 2014
The Chief Executive Officers ofAll Multi-State Co-operative Banks
Dear Sir/Madam,
Guidelines on Sale of Financial Assets to Securitisation Company/Reconstruction Company (SC/RC) by Multi State Urban Cooperative Banks
Please refer to para 13.2 ofMaster Circular UBD.BPD(PCB).MC.No.12/ 16.20.000/2013-14 dated July 1, 2013on Investments by UCBs.
2. It has been decided to permit Urban Cooperative Banks registered under theM...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 890
|
|
Capital requirements for standalone Primary Dealers exposure to interest rate derivative contracts, repo/reverse repo transactions and central counterparties
Posted Date : 28-Mar-2014 , 06:57:00 am | Posted By: CASANSAAR
RBI/2013-14/542IDMD.PCD.11/14.03.05/ 2013-14
March 27, 2014
All Standalone Primary Dealers
Dear Sir / Madam
Capital requirements for standalone Primary Dealers’ exposure to interest rate derivative contracts, repo/reverse repo transactions and central counterparties
Please refer to the Master Circular on Capital Adequacy Standards and Risk Management Guidelines for Standalone Primary Dealers issued videIDMD.PDRD.02/03.64.00/2013-14 dated July 1, 2013.
2. The existing guidelines on ca...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 850
|
|
Exposure norms for standalone PDs
Posted Date : 28-Mar-2014 , 06:56:11 am | Posted By: CASANSAAR
RBI/2013-14/541IDMD.PCD.12/14.03.05/2013-14
March 27, 2014
All Standalone Primary Dealers (PDs)
Dear Sir / Madam
Exposure norms for standalone PDs
Please refer to thecircular IDMD.PDRD.N0 19/03.64.00/2010-11 dated July 27, 2010updated videcirculars IDMD.PCD.No.1652/14.03.05/2010-11 dated November 11, 2010andIDMD.PCD.No.718/14.03.05/2012-13 dated September 3, 2012.
2. With a view to promote central clearing of standardised OTC derivative products through a Central Counter Party (CCP), it ha...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 867
|
|
Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2013-14
Posted Date : 28-Mar-2014 , 06:54:37 am | Posted By: CASANSAAR
RBI/2013-14/539DGBA.GAD.No.H - 5495/42.01.029/2013-14
March 27, 2014
The Chairman & Managing Director /The Chief Executive OfficerAll Agency Banks
Dear Sir / Madam,
Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2013-14
Please refer toCircular DGBA.GAD.No.H - 5353/42.01.029/2012-13 dated March 14, ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 907
|
|
Implementation of Basel III Capital Regulations in India
Posted Date : 27-Mar-2014 , 10:55:31 pm | Posted By: CASANSAAR
RBI/2013-14/538DBOD.No.BP.BC.102/21.06.201/2013-14
March 27, 2014
The Chairman and Managing Directors/Chief Executives Officers ofAll Scheduled Commercial Banks(Excluding Regional Rural Banks and Local Area Banks)
Madam / Sir,
Implementation of Basel III Capital Regulations in India – Capital Planning
Please refer to theMaster Circular DBOD.No.BP.BC.2 /21.06.201/2013-14 dated July 1, 2013on Basel III Capital Regulations.
2. In view of the implementation of Basel III Capital Regulatio...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1028
|
|
|
|
|
