| Notifications/Circulars |
Category : RBI |
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Liquidity Adjustment Facility- Reverse Repo
Posted Date : 17-Jan-2014 , 05:23:58 pm | Posted By: CASANSAAR
RBI/2013-14/451FMD.MOAG. No.95/01.01.001/2013-14
January 17, 2014
All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility- Reverse Repo
Based on the feedback received from the market participants, it has been decided to revise the timings ofReverse Repo window under Liquidity Adjustment Facility (LAF). The Reverse Repo window will now be available between 7.00 pm and 7.30 pm instead of the existing timings of 4.45 pm ...
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Distribution of Banknotes & Coins
Posted Date : 16-Jan-2014 , 07:44:37 pm | Posted By: CASANSAAR
RBI/2013-14/450DCM (CC) No.G-16/03.39.01/2013-14
January 13, 2014
The Chairman & Managing Directors/Chief Executive OfficersAll Scheduled Commercial Banks(Including RRBs, UCBs, State Cooperative Bank& District Central Cooperative Banks)
Dear Sir / Madam,
Distribution of Banknotes & Coins – Review of Incentives & Penalties
Please refer to Sl No.4 of ourCircular DCM (CC) No.G-10/03.39.01/2013-14 dated August 12, 2013, whereby we had extended the scheme of Incentive...
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Alteration in the name of \"Development Credit Bank Limited\" to \"DCB Bank Limited\" in the Second Schedule to the Reserve Bank of India Act, 1934
Posted Date : 11-Jan-2014 , 08:12:32 am | Posted By: CASANSAAR
RBI/2013-14/442Ref.DBOD.No.Ret.BC /83/12.06.097/2013-14
January 10, 2014
All Scheduled Commercial Banks
Dear Sir
Alteration in the name of ';Development Credit Bank Limited'; to ';DCB Bank Limited '; in the Second Schedule to the Reserve Bank of India Act, 1934
We advise that the name of ';Development Credit Bank Limited” has been changed to ';DCB Bank Limited'; in the Second Schedule to the Reserve Bank of India Act, 1934 w.e.f. October 24, 2013 vide Notification DBO...
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Guidelines for Classification and Valuation of Investments
Posted Date : 08-Jan-2014 , 07:07:35 pm | Posted By: CASANSAAR
RBI/2013-14/434RPCD.CO.RRB.BC.No. 74/03.05.33/2013-14
January 07, 2014
The ChairmenAll Regional Rural Banks
Dear Sir/Madam,
Guidelines for Classification and Valuation of Investments
Please refer to ourcircular RPCD.RRB.BC.No.59/03.05.34/2010-11 dated April 11, 2011, in terms of which RRBs were exempted from ‘Mark to Market’ (MTM) norms in respect of their entire investment in SLR securities, upto the financial year 2012-13. It has now been decided to withdraw the exemption from...
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Application of Minimum Capital Adequacy Norms to State and Central Cooperative Banks (StCBs/CCBs)
Posted Date : 08-Jan-2014 , 07:06:54 pm | Posted By: CASANSAAR
RBI/2013-14/433RPCD.RCB.BC.73/07.51.012/2013-14
January 7, 2014
The Chairman / Managing DirectorAll State and Central Cooperative Banks
Dear Sir / Madam,
Application of Minimum Capital Adequacy Norms toState and Central Cooperative Banks (StCBs/CCBs)
Please refer to thecircular RPCD.CO.RF.BC.40/07.38.03/2007-08 dated December 4, 2007wherein the State and Central Cooperative Banks had been advised to disclose the level of Capital to Risk weighted Assets Ratio (CRAR) as on March 31, 2008 and ...
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Banks
Posted Date : 07-Jan-2014 , 05:15:08 pm | Posted By: CASANSAAR
RBI/2013-14/430DBOD.No.BP.BC.82/21.06.217/2013-14
January 7, 2014
The Chairman and Managing Director/Chief Executive Officer ofAll Scheduled Commercial Banks(Excluding Regional Rural Banks)
Dear Sir / Madam,
Banks’ Exposure to Central Counterparties (CCPs) - Interim Arrangements
In terms ofpara 2.1.1.1of the Master Circular on Exposure Norms dated July 1, 2013, the exposure limit applicable to a single counterparty of a bank is 15 per cent of its capital funds.
2. The recen...
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Banks
Posted Date : 07-Jan-2014 , 05:13:07 pm | Posted By: CASANSAAR
RBI/2013-14/430DBOD.No.BP.BC.82/21.06.217/2013-14
January 7, 2014
The Chairman and Managing Director/Chief Executive Officer ofAll Scheduled Commercial Banks(Excluding Regional Rural Banks)
Dear Sir / Madam,
Banks’ Exposure to Central Counterparties (CCPs) - Interim Arrangements
In terms ofpara 2.1.1.1of the Master Circular on Exposure Norms dated July 1, 2013, the exposure limit applicable to a single counterparty of a bank is 15 per cent of its capital funds.
2. The recent ...
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Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 01-Jan-2014 , 08:31:45 pm | Posted By: CASANSAAR
RBI/2013-14/426DNBS(PD).CC. No 364/03.10.42/2013-14
January 1, 2014
All Non Banking Financial Companies excludingResiduary Non Banking Companies
Dear Sir/Madam,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Please refer toDNBS (PD).CC.No.352/03.10.42/2012-13 dated July 23, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has updated its Statement on October 18, 2013 on the captio...
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Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH)
Posted Date : 01-Jan-2014 , 08:30:38 pm | Posted By: CASANSAAR
RBI/2013-14/425DNBS.PD.363/03.10.38/2013-14
January 1, 2014
All NBFC-MFIs
Dear Sirs,
Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) – Risk Weights and Provisioning
The Ministry of Housing & Urban Poverty Alleviation, Government of India has set up the CRGFTLIH vide their Notification No.O-17034/122/2009-H dated June 21, 2012for the purpose of providing guarantee in respect of low income housing loans. On the issue of assignment of appropr...
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RBI\'s clarification on Scribbling on Banknotes
Posted Date : 31-Dec-2013 , 05:24:13 pm | Posted By: CASANSAAR
In the wake of rumours circulating in the market that from January 1, 2014, banks will not accept banknotes with anything written on them, the Reserve Bank has urged members of public not to fall prey to such rumours and to use their banknotes without any fear. The Reserve Bank of India has clarified it has NOT issued any such instructions.
It has further clarified that it had issued instructions on August 14, 2013 only to banks advising them to instruct their staff not to scribble or write o...
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Submission of online Quarterly Statements by Securitisation Companies/Reconstruction Companies registered with the Reserve Bank of India under Section 3(4) of the SARFAESI Act
Posted Date : 31-Dec-2013 , 05:20:12 pm | Posted By: CASANSAAR
RBI/2013-2014/422DNBS (PD) CC. No. 34/SCRC/26.03.001/2013-2014
December 31, 2013
All registered Securitisation Companies/ Reconstruction Companies
Submission of online Quarterly Statements by Securitisation Companies/Reconstruction Companies registered with the Reserve Bank ofIndia under Section 3(4) of the SARFAESI Act
Please refer to ourCircular DNBS (PD) CC. No. 5/SCRC/10.30.000/2006-2007 dated April 25, 2007and subsequent Circular DNBS (PD) CC. No.5 / SCRC / 10.30.000/2008-2009 dated Sep...
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Extension of banking hours in the designated branches, e-payment deadline and acceptance of payment of VCES dues
Posted Date : 31-Dec-2013 , 02:59:50 pm | Posted By: CASANSAAR
RBI/2013-14/420DGBA.GAD.No.H - 3800/42.07.001/2013-14
December 30, 2013
All Agency Banks (authorised to handle CBEC business)
Dear Sir/ Madam,
Extension of banking hours in the designated branches, e-payment deadline and acceptance of payment of VCES dues
The Department of Financial Services, GOI has requested us to facilitate payment of tax under Service Tax Voluntary Compliance Encouragement Scheme, 2013. In this connection, we request that following action may be taken by the designated ...
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Inflation Indexed National Savings Securities- Cumulative, 2013
Posted Date : 30-Dec-2013 , 07:22:42 pm | Posted By: CASANSAAR
RBI/2013-14/418DGBA.CDD.No.3798/13.01.999/2013-2014
December 30, 2013
The Chairman & Managing DirectorHead Office (Government Accounts Department)State Bank of India & Associate BanksAll Nationalised BanksICICI Bank Ltd., HDFC Bank Ltd, Axis Bank Ltd., andStock Holding Corporation of India Ltd (SHCIL).
Dear Sir/Madam,
Inflation Indexed National Savings Securities- Cumulative, 2013
Please refer to ourCircular DGBA.CDD.No. 3688/13.01.999/2013-2014 dated December 19, 2013on the caption...
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Special Deposit Scheme 1975
Posted Date : 23-Dec-2013 , 09:07:43 pm | Posted By: CASANSAAR
RBI/2013-14/415DGBA.CDD. No.3622/15.01.001/2013-14
December 18, 2013
The Chairman & Managing DirectorHead OfficeGovernment Accounts DepartmentState Bank of India / State Bank of PatialaState Bank of Bikaner & Jaipur /State Bank of TravancoreState Bank of Hyderabad / State Bank of MysoreAllahabad 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 Commerce / P...
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Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961
Posted Date : 21-Dec-2013 , 08:34:53 am | Posted By: CASANSAAR
RBI/2013-14/412DBOD. No.BP.BC.77/21.04.018/2013-14
December 20, 2013
The Chairmen and Managing Directors / Chief Executive Officers ofall Commercial Banks (excluding Regional Rural Banks)
Dear Sir,
Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961
Please refer to our mailbox clarification dated November 6, 2009 with respect to the 'Special Reserve' created by banks under Section 36(1) (viii) of Income Tax Act, 1961 (hereinaf...
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Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Posted Date : 20-Dec-2013 , 09:34:21 pm | Posted By: CASANSAAR
RBI/2013-14/414DBOD.No.BP.BC.78/21.04.048/2013-14
December 20, 2013
The Chairman and Managing Director/Chief Executive Officer ofAll Scheduled Commercial Banks
Dear Sir,
Prudential Norms on Income Recognition, Asset Classification andProvisioning pertaining to Advances – Credit Card Accounts
Please refer toparagraph 2.1of the Master Circular dated July 01, 2013 on Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances, wherein defi...
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Adoption of ISO 20022 messaging standard in new RTGS System
Posted Date : 20-Dec-2013 , 09:33:20 pm | Posted By: CASANSAAR
RBI/2013-14/413DPSS (CO) RTGS No.1357/04.04.017/2013-14
December 20, 2013
The Chairperson / Chief Executive OfficerRTGS Members
Madam / Sir,
Adoption of ISO 20022 messaging standard in new RTGS System
As you are aware, the new RTGS System has been operationalised with effect from October 19, 2013 and the RTGS Business Regulations, 2013 have come into effect from the date.
2. The new RTGS system is based on ISO 20022 standard messaging formats. The objective of introducing ISO 20022...
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RBI releases FAQs on Inflation Indexed National Saving Certificates
Posted Date : 19-Dec-2013 , 05:58:46 pm | Posted By: CASANSAAR
1.Who is eligible to invest in the Inflation Indexed National Saving Securities-Cumulative (IINSS-C)?
♦
Only retail investors would be eligible to invest in these securities. The retail investors would include individuals, Hindu Undivided Family (HUF), charitable institutions registered under section 25 of the Indian Companies Act and Universities incorporated by Central, State or Provincial Act or declared to be a university under section 3 of the University Grants Commission Ac...
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Novation of OTC Derivative Contracts
Posted Date : 09-Dec-2013 , 09:48:37 pm | Posted By: CASANSAAR
RBI/2013-14/406DBOD.No.BP.BC.76/21.04.157/2013-14
December 9, 2013
All Scheduled Commercial Banks(Excluding RRBs and LABs) &All India Term-Lending & Refinancing Institutions
Madam / Sir,
Novation of OTC Derivative Contracts
Please refer to ourcirculars DBOD.No.BP.BC.86/21.04.157/2006-07 dated April 20, 2007on Comprehensive Guidelines on Derivatives andDBOD.No.BP.BC.44 /21.04.157/2011-12 dated November 2, 2011on Comprehensive Guidelines on Derivatives: Modifications permitting novati...
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Charges Levied by Banks for Sending SMS Alerts
Posted Date : 06-Dec-2013 , 08:18:58 pm | Posted By: CASANSAAR
RBI/2013-14/403UBD.CO.BPD.(PCB).Cir.No.42/12.05.001/2013-14
December 6, 2013
To,The Chief Executive OfficerAll (Primary) Urban Co-operative Banks
Dear Sir / Madam,
Charges Levied by Banks for Sending SMS Alerts
Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statement 2013-14 announced on October 29, 2013 (extract enclosed) on 'Customer Service- Charges Levied by Banks for Sending SMS Alerts'.
2.In this connection, a reference is also invited to ourcircular U...
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Exchange-Traded Interest Rate Futures
Posted Date : 05-Dec-2013 , 06:38:53 pm | Posted By: CASANSAAR
RBI/2013-14/402IDMD.PCD. 08/14.03.01/2013-14
December 5, 2013
To
All market participants
Dear Sir/Madam
Exchange-Traded Interest Rate Futures
As announced in theSecond Quarter Review of Monetary Policy 2013-14, it has been decided to introduce cash settled Interest Rate Futures (IRF) on 10-year Government of India security.
2. The Reserve Bank of India has accordingly issued a Notification IDMD.PCD.07 /ED (RG) - 2013 dated December 5, 2013 introducing cash settled IRF on 10-year Governmen...
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Timely Issue of TDS Certificate to Customers
Posted Date : 05-Dec-2013 , 04:44:48 pm | Posted By: CASANSAAR
RBI/2013-14/401UBD.CO.BPD.(PCB).Cir.No. 41/12.05.001/2013-14
December 5, 2013
To,
The Chief Executive OfficerAll Urban Co-operative Banks
Dear Sir / Madam,
Timely Issue of TDS Certificate to Customers
It has been brought to our notice that some banks are not providing TDS Certificate in Form 16A to their customers in time, causing inconvenience to customers in filing income-tax returns in time.
2. With a view to protecting the interests of depositors and for rendering better customer serv...
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Union Budget - 2013-14 Interest Subvention Scheme
Posted Date : 04-Dec-2013 , 05:45:45 pm | Posted By: CASANSAAR
RBI/2013-14/398RPCD.No.FSD.BC.71/05.04.02/2013-14
December 4, 2013
To,The Chairman / Managing DirectorAll Public & Private Sector Scheduled Commercial Banks
Dear Sir
Union Budget - 2013-14Interest Subvention Scheme
As directed by the Government of India and in pursuance of the budget announcement made by the Finance Minister relating to the Interest Subvention Scheme 2013-14, Interest subvention of 2 % p.a. will be made available to Public Sector Banks (PSBs) and Private Sector Schedule...
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Guidelines on Stress Testing
Posted Date : 03-Dec-2013 , 07:34:20 am | Posted By: CASANSAAR
RBI/2013-14/390DBOD.BP.BC.No.75/21.04.103/2013-14
December 2, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Guidelines on Stress Testing
Please refer to the guidelines on stress testing issued videcircular DBOD.No.BP.BC. 101/21.04.103/2006-07 dated June 26, 2007. Banks were required to operationalise their formal stress testing framework in accordance with these guidelines from March 31, 2008. It was expected that the stress testing framework being set up would help banks in...
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Revised General Credit Card (GCC) Scheme
Posted Date : 03-Dec-2013 , 07:33:37 am | Posted By: CASANSAAR
RBI/2013-14/389RPCD.MSME & NFS.BC.No.61/06.02.31/2013-14
December 2, 2013
The Chairman/Managing Director/ Chief Executive OfficerAll Scheduled Commercial Banks(Including Regional Rural Banks)
Dear Sir / Madam
Revised General Credit Card (GCC) Scheme
Please refer to ourcircular RPCD.CO.No.RRB.BC.59/03.05.33(F)/2005-06 dated December 27, 2005andcircular no. RPCD.CO.Plan.BC.No.66/04.09.01/2007-08 dated May 06, 2008on the General Credit Card (GCC) Scheme.
2. During Financial Inclusion Plan...
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Periodicity of Payment of Interest on Rupee Savings/Term Deposits
Posted Date : 01-Dec-2013 , 07:56:30 pm | Posted By: CASANSAAR
RBI/2013-14/385DBOD.No.Dir.BC. 69/13.03.00/2013-14
November 29, 2013
To
All Scheduled Commercial Banks(Excluding RRBs)
Dear Sir / Madam
Periodicity of Payment of Interest on Rupee Savings/Term Deposits
Please refer to paragraph 23 of the Second Quarter Review of Monetary Policy 2013-14 announced on October 29, 2013 (extract enclosed) on periodicity of payment of interest on savings and term deposits.
2. In this connection, a reference is also invited to paragraph 2 (ii) of our circular DB...
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Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
Posted Date : 01-Dec-2013 , 07:55:48 pm | Posted By: CASANSAAR
RBI/2013-14/387DBOD. No. Dir. BC.71/13.03.00/ 2013-14
November 29, 2013
All Scheduled Commercial Banks(Excluding RRBs)
Dear Sir/ Madam
Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
Please refer to ourcircular DBOD. Dir. BC. 40/13.03.00/2013-14 dated August 14, 2013allowing banks the freedom to offer interest rates on incremental NRE deposits with maturity of 3 years and above without any ceiling in order to pass on the benefit of exemption provided on such d...
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Periodicity of Payment of Interest on Rupee Savings/Term Deposits
Posted Date : 29-Nov-2013 , 04:57:16 pm | Posted By: CASANSAAR
RBI/2013-14/385DBOD.No.Dir.BC. 69/13.03.00/2013-14
November 29, 2013
To
All Scheduled Commercial Banks(Excluding RRBs)
Dear Sir / Madam
Periodicity of Payment of Interest on Rupee Savings/Term Deposits
Please refer to paragraph 23 of the Second Quarter Review of Monetary Policy 2013-14 announced on October 29, 2013 (extract enclosed) on periodicity of payment of interest on savings and term deposits.
2. In this connection, a reference is also invited to paragraph 2 (ii) of our circular DB...
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Participation of NBFCs in Insurance sector
Posted Date : 28-Nov-2013 , 08:07:31 pm | Posted By: CASANSAAR
RBI/2013-14/383DNBS.PD.CC.No.361/03.02.002/2013-14
November 28, 2013
To,
All NBFCs
Dear Sirs,
Participation of NBFCs in Insurance sector
Please refer to the circularDNBS.(PD).CC.No.13/02.01/99-2000 dated June 30, 2000which contains the Guidelines for entry of NBFCs into Insurance Business issued on June 09, 2000, and subsequent modification carried out vide CircularDNBS.(PD).CCX.No.35/10.24/2003-04 dated February 10, 2004andCC No. 221/03.02.002/2010-2011 dated May 27, 2011.As per the extan...
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Imposition of Minimum Capital Adequacy Measure of 9% for RRBs
Posted Date : 27-Nov-2013 , 07:09:50 pm | Posted By: CASANSAAR
RBI/2013-14/382RPCD.CO.RRB.BC.No.60/03.05.33/2013-14
November 26, 2013
The ChairmanAll Regional Rural Banks
Dear Sir/Madam,
Imposition of Minimum Capital Adequacy Measure of 9% for RRBs
The risk weighted assets ratio system as the basis of assessment of Capital Adequacy which takes into account the element of risk in the various types of assets in the Balance Sheet as well as off Balance-sheet exposures was made applicable to banks in India with a view to strengthening their capital base.
...
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