Housing Sector: Innovative Housing Loan Products - Upfront Disbursal of Housing Loans
Posted Date : 18-Sep-2013 , 07:36:35 am | Posted By: CASANSAAR
RBI/2013-14/268UBD CO BPD (PCB) Cir. No.17/09.22.010/2013-14
September 17, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Housing Sector: Innovative Housing Loan Products -Upfront Disbursal of Housing Loans – Primary (Urban) Co-operative Bank
It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers / builders, e.g. upfront disbursal of sanctioned individual housing loans to bui...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 775
|
 |
Financial Inclusion- Access to Banking Services
Posted Date : 18-Sep-2013 , 07:35:43 am | Posted By: CASANSAAR
RBI/2013-14/263RPCD.RRB.RCB.AML.BC.No. 36/07.51.018/2013-14
September 17, 2013
The Chairmen / CEOs of Regional Rural Banks /State and Central Co-operative Banks
Dear Sir / Madam,
Financial Inclusion- Access to Banking Services –Basic Savings Bank Deposit Account (BSBDA) – FAQs
Please refer toCircular RPCD.CO.RRB.RCB.BC.No.24/07.38.01/2012-13 dated August 22, 2012on Basic Savings Bank Deposit Account (BSBDA) wherein banks have been advised to offer ‘Basic Savings Bank Depos...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 825
|
|
Opening of the Bank Branches for accepting the advance tax challans for Income Tax and Corporate Tax on September 14 & 15, 2013
Posted Date : 14-Sep-2013 , 09:00:02 am | Posted By: CASANSAAR
RBI/2013-2014/253DGBA.GAD.No.H – 1739/42.01.029/2013-14
September 13, 2013
The Chairman & Managing Director/The Chief Executive OfficerAll Agency Banks
Dear Sir/Madam,
Opening of the Bank Branches for accepting the advance tax challans for Income Tax and Corporate Tax on September 14 & 15, 2013
With a view to facilitate collection of advance taxes for Income Tax and Corporate Tax and meeting the probable rush of tax-payers, it has been decided in consultation with the Departme...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 789
|
|
Special Clearing on September 14 and 15, 2013
Posted Date : 14-Sep-2013 , 08:59:19 am | Posted By: CASANSAAR
RBI/2013-2014/252DPSS.CO.CHD.No. 630/03.01.03/2013-2014
September 13, 2013
The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including RRBs / UCBs /State Co-operative Banks / District Central Co-operative Banks/Local Area Banks
Madam / Dear Sir,
Special Clearing on September 14 and 15, 2013
With a view to facilitate accounting of Government receipts (advance taxes under income tax and corporate tax) for the financial year 2013-14 by due date (Septemb...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 785
|
|
Implementation of Core Banking Solution (CBS) by Urban Co-operative Banks (UCBs)
Posted Date : 11-Sep-2013 , 07:56:53 pm | Posted By: CASANSAAR
RBI/2013-14/249UBD CO BPD PCB Cir No.14/09.18.300/2013-14
September 11, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Implementation of Core Banking Solution (CBS)by Urban Co-operative Banks (UCBs)
Please refer to ourcircular UBD BPD (PCB) Cir. No.42/09.18.300/2012-13 dated March 13, 2013on the captioned subject advising UCBs to implement CBS in all their branches by December 31, 2013. On a review, it has been decided that the revised tim...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 825
|
|
Housing Sector: Innovative Housing Loan Products
Posted Date : 11-Sep-2013 , 07:55:44 pm | Posted By: CASANSAAR
RBI/2013-14/247RPCD.RRB. BC. No. 29 /03.05.33/2013-14
September 11, 2013
All RRBs
Dear Sir,
Housing Sector: Innovative Housing Loan Products – Upfront disbursal ofhousing loans
It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the disbursals to various stages of construction of housing project, interest/EM...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 824
|
|
Financial Inclusion- Access to Banking Services
Posted Date : 11-Sep-2013 , 07:54:36 pm | Posted By: CASANSAAR
RBI /2013-14/246DBOD.No. Leg.52 / 09.07.005/2013-14
September 11, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam,
Financial Inclusion- Access to Banking Services –Basic Savings Bank Deposit Account (BSBDA) - FAQs
Please refer to CircularDBOD.No. Leg.BC.35 / 09.07.005/2012-13 dated August 10, 2012on the above subject wherein banks have been advised to offer ‘Basic Savings Bank Deposit Account’ with certain minimum common facilities to all their...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 863
|
|
Settlement of Claims of Deceased Depositor
Posted Date : 10-Sep-2013 , 08:27:17 pm | Posted By: CASANSAAR
RBI/2013-14/245RPCD.CO.RRB.BC.No. 33/03.05.33 /2013-14
September 10, 2013
The ChairmenAll Regional Rural Banks
Dear Sir/Madam,
Settlement of Claims of Deceased Depositor – Simplification of Procedure – Placing of claim forms on bank’s website
Please refer tocircular RPCD.CO.RRB.BC.22/03.05.33/2005-06 dated July 19, 2005and wherein simplified procedure has been specified for settlement of claims of deceased depositors. We have been receiving feedback from public that banks ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 783
|
|
Monetary Policy Statement for 2013-14 - Distribution of Banknotes and Coins
Posted Date : 10-Sep-2013 , 08:26:39 pm | Posted By: CASANSAAR
RBI/2013-14/244DCM (Plg) No.G12/10.65.03/2013-14
September 10, 2013
The Chairman & Managing Director /Chief Executive Officer(All Scheduled Commercial banks including RRBs)
Madam/ Dear Sir,
Monetary Policy Statement for 2013-14 - Distribution of Banknotes and Coins – Alternative Avenues
Please refer toPara 110of the Monetary Policy Statement 2013-14 wherein it was stated that “With a view to effectively meeting the growing demand for banknotes and coins in the country, there...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 712
|
|
Increase in HTM limits for Standalone PDs
Posted Date : 10-Sep-2013 , 08:24:50 pm | Posted By: CASANSAAR
RBI/2013-14/243IDMD.PDRD.No. 828/03.64.00/2013-14
September 10, 2013
To
All Standalone Primary Dealers
Dear Sir/Madam,
Increase in HTM limits for Standalone PDs
A reference is invited to para 5.7 of ourMaster Circular IDMD.PDRD.01/03.64.00/2013-14 dated July 01, 2013on Operational Guidelines to Primary Dealers regarding quantum of securities that can be classified as HTM.
2. On the basis of review of the current market conditions relating to excessive volatility in yields of Government se...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 700
|
|
Foreign students studying in India
Posted Date : 10-Sep-2013 , 08:22:00 pm | Posted By: CASANSAAR
RBI/2013-14/237UBD. BPD (AD). Cir.No. 4/14.01.062/2013-14
September 10, 2013
The Chief Executive OfficerAll AD Category I Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Foreign students studying in India – KYC procedure for opening of bank accounts – Primary (Urban) Cooperative Banks (UCBs)
It has been represented to us that foreign students arriving in India are facing difficulties in complying with the Know Your Customer (KYC) norms while opening a bank account due to no...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 778
|
|
Finance for Housing Schemes
Posted Date : 10-Sep-2013 , 08:21:18 pm | Posted By: CASANSAAR
RBI/2013-14/237UBD. BPD (AD). Cir.No. 4/14.01.062/2013-14
September 10, 2013
The Chief Executive OfficerAll AD Category I Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Foreign students studying in India – KYC procedure for opening of bank accounts – Primary (Urban) Cooperative Banks (UCBs)
It has been represented to us that foreign students arriving in India are facing difficulties in complying with the Know Your Customer (KYC) norms while opening a bank account due to no...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 789
|
|
Cash withdrawal at Point of Sale (POS) - Prepaid Payment Instruments issued by banks
Posted Date : 06-Sep-2013 , 07:29:02 am | Posted By: CASANSAAR
RBI/2013-14/231DPSS.CO.PD.No.563/02.14.003/2013-14
September 5, 2013
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 /All Card Network Providers
Madam / Dear Sir,
Cash withdrawal at Point of Sale (POS) - Prepaid Payment Instruments issued by banks
A reference is invited to ourcircular DPSS.CO.PD.No. 147 /02.14.003/2009-10 dated July 22, 2009per...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 794
|
|
Settlement of Claims of Deceased Depositor - Simplification of Procedure
Posted Date : 06-Sep-2013 , 07:27:29 am | Posted By: CASANSAAR
RBI/2013-14/229UBD.BPD.(PCB)CIR No. 10/13.01.000/2013-14
September 5, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Settlement of Claims of Deceased Depositor - Simplificationof Procedure – Placing of claim forms on bank’s website
Please refer to our circularUBD.BPD.(PCB).Cir.No.32/13.01.000/2012-13 dated January 21, 2013advising all Urban Co-operative Banks (UCBs) to instruct their branches to follow simplified procedure for settleme...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 778
|
|
Secondary Market Transactions in Government Securities - Intra-day short selling
Posted Date : 04-Sep-2013 , 08:02:59 pm | Posted By: CASANSAAR
RBI/2013-2014/226UBD.BPD. (PCB). Cir.No.9/09.29.000/2013-14
September 4, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Secondary Market Transactions in GovernmentSecurities - Intra-day short selling
Please refer to ourcircular UBD.BPD.PCB.Cir.39/09.29.00/2002-03 dated March 13, 2003, in terms of which Urban Co-operative Banks were permitted to trade in Government Securities on the Stock Exchanges, but were not permitted to undertake short selling...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 697
|
|
Settlement of Claims of Deceased Depositor
Posted Date : 03-Sep-2013 , 07:33:43 pm | Posted By: CASANSAAR
RBI/2013-14/214DBOD.No.Leg.BC.48/09.07.005/2013-14
September 03, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam,
Settlement of Claims of Deceased Depositor – Simplification of Procedure – Placing of claim forms on bank’s website
Please refer tocircular DBOD.No.Leg.BC.95 /09.07.005/2004-05 dated June 09, 2005wherein simplified procedure has been specified for settlement of claims of deceased depositors. We have been receiving feedback from public that ba...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 745
|
|
Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
Posted Date : 03-Sep-2013 , 07:32:52 pm | Posted By: CASANSAAR
RBI/2013-14/215UBD.BPD.(PCB) CIR No.8/13.01.000/2013-14
September 3, 2013
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Deregulation of Interest Rates onNon-Resident (External) Rupee (NRE) Deposits
Please refer to ourcircular UBD.BPD.(PCB) CIR No.16/13.01.000/2011-12 dated December 28, 2011on Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non- Resident (NRO) Accounts.
2. In terms of paragraph 2 ibid, interest...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 786
|
|
Sharing of Information Technology Resources by Banks - Guidelines
Posted Date : 03-Sep-2013 , 07:32:03 pm | Posted By: CASANSAAR
RBI/2013-14/216DIT.CO (Policy) No.674/09.63.025/2013-14
August 30, 2013
The Chairman/Chief Executive OfficersAll Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam
Sharing of Information Technology Resources by Banks - Guidelines
Please refer toparagraph 101of the Monetary Policy Statement 2013-14 wherein the need for banks to examine the issue of shared IT resources to optimise costs while maintaining the desired levels of efficiency and security has been emphasised.
2. One of the ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 836
|
|
Housing Sector: Innovative Housing Loan Products
Posted Date : 03-Sep-2013 , 07:31:17 pm | Posted By: CASANSAAR
RBI/2013-14/217DBOD.BP.BC.No. 51/08.12.015/2013-14
September 3, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Housing Sector: Innovative Housing Loan Products – Upfront disbursal of housing loans
It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the disbursals to various stages of con...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 896
|
|
Disclosure of customer complaints and unreconciled balances on account of ATM transactions
Posted Date : 03-Sep-2013 , 07:30:18 pm | Posted By: CASANSAAR
RBI/2013-14/218DBOD.BP.BC.No. 49/21.04.018/2013-14
September 3, 2013
The Chairman and Managing Director/Chief Executive Officer ofall Commercial Banks(Excluding Regional Rural Banks)
Dear Sir
Disclosure of customer complaints and unreconciled balances on account of ATM transactions
Please refer to ourcircular DBOD.No.Leg BC.60/09.07.005/2006-07 dated February 22, 2007on Analysis and Disclosure- Disclosure of Complaints / Unimplemented Awards of Banking Ombudsmen along with Financial Results...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 715
|
|
Base Rate
Posted Date : 02-Sep-2013 , 08:28:12 pm | Posted By: CASANSAAR
RBI/2013-14/211DBOD.No.Dir. BC.47/13.03.00/ 2013-14
September 2 , 2013
All Scheduled Commercial Banks(Excluding RRBs)
Dear Sir/ Madam
Base Rate – Revised Guidelines
Please refer to ourcircular DBOD. No. Dir. BC. 88/ 13.03.00/ 2009-10 dated April 9, 2010whereby banks were advised to switch over to the Base Rate system for calculation of their lending rates with effect from July 1, 2010. In terms of paragraph 2(iii) thereof, in order to give banks some time to stabilize the sy...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 982
|
|
Foreign students studying in India
Posted Date : 02-Sep-2013 , 08:27:04 pm | Posted By: CASANSAAR
RBI/2013-14/210DBOD.AML.BC.No.45/14.01.001/2013-14
September 2, 2013
The Chairmen/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions
Dear Sir,
Foreign students studying in India – KYC procedure for opening of bank accounts
It has been represented to us that foreign students arriving in India are facing difficulties in complying with the Know Your Customer (KYC) norms while opening a bank account due to non-availability...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 847
|
|
8% Savings (Taxable) Bonds, 2003 - Premature Encashment
Posted Date : 30-Aug-2013 , 09:21:04 pm | Posted By: CASANSAAR
RBI/2013-14/206DGBA.CDD. No. 1448/13.01.299/2013-14
August 30, 2013
The Chairman / Managing DirectorHead Office (Government Accounts Department)State Bank of India and AssociatesAll Nationalized Banks(Excluding Punjab and Sind Bank & Andhra Bank)Axis Bank Ltd./ICICI Bank Ltd./HDFC Bank Ltd./Stock Holding Corporation of India Ltd. (SHCIL)
Dear Sir/Madam,
8% Savings (Taxable) Bonds, 2003 - Premature Encashment
The captioned bonds, issued with effect from April 21, 2003, vide Government of...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 828
|
|
Donations to Trusts and Institutions where Directors, their relatives hold position or are interested
Posted Date : 30-Aug-2013 , 09:20:23 pm | Posted By: CASANSAAR
RBI/2013-14/205UBD.BPD.(PCB).Cir. No. 7/09.72.000//2013-14
August 30, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Donations to Trusts and Institutions whereDirectors, their relatives hold position or are interested
Please refer to ourCircular UBD (PCB)/BPD/Cir.43/09.72.00/2004-05 dated April 11, 2005, in terms of which Urban Co-operative Banks (UCBs) were advised that the normal donations to be made during a year should be restricted to a ceiling o...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 859
|
|
Exemption from maintenance of CRR/SLR and exclusion from ABC for Priority Sector Lending
Posted Date : 28-Aug-2013 , 08:15:23 am | Posted By: CASANSAAR
RBI/2013-14/203UBD.BPD.(PCB) CIR No. 5/13.01.000/2013-14
August 27, 2013
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Section 42(1) of the Reserve Bank of India Act, 1934 and Section 18 and 24 of the Banking Regulation Act, 1949 (AACS) – FCNR (B)/NRE deposits - Exemption from maintenance of CRR/SLR and exclusion from ABC for Priority Sector Lending
At present, banks are required to include all Foreign Currency Non-Resident Bank [FCNR (B)] ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 807
|
|
Compliance with Credit Information Companies (Regulation) Act, 2005
Posted Date : 28-Aug-2013 , 08:14:10 am | Posted By: CASANSAAR
RBI/2013-14/202UBD CO BPD PCB Cir.No.4/16.74.000/2013-14
August 27, 2013
The Chief Executive OfficerAll Primary Urban Co-operative Banks
Dear Sir / Madam,
Compliance with Credit Information Companies (Regulation) Act, 2005
Please refer to circularUBD BPD (PCB) Cir.No.25/09.11.200/2009-10 dated December 3, 2009in terms of which it was advised that as UCBs fall under the category of credit institutions as defined in sub section (f) of Section 2 of the Credit Information Companies (Regul...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 776
|
|
Rupee Export Credit - Interest Subvention
Posted Date : 27-Aug-2013 , 08:11:12 am | Posted By: CASANSAAR
RBI/2013-14/200DBOD.Dir.BC.No.43 /04.02.001/2013-14
August 26, 2013
All Scheduled Commercial Banks and Exim Bank(excluding RRBs)
Dear Sir/ Madam,
Rupee Export Credit - Interest Subvention
Please refer to our circularsDBOD.Dir.BC.No.70/04.02.001/2012-13 dated January 14, 2013andDBOD.Dir.BC.No.94/04.02.001/2012-13 dated May 24, 2013wherein interest subvention of 2% was extended w.e.f. 01.04.2013 to 31.03.2014 on pre and post shipment rupee export credit for certain employment oriented...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 815
|
|
Reporting of OTC transactions in Securitized Debt Instruments
Posted Date : 27-Aug-2013 , 08:10:24 am | Posted By: CASANSAAR
RBI/2013-14/201IDMD.PCD. 06 /14.03.06/ 2013-14
August 26, 2013
To
All RBI regulated entities
Dear Sir/Madam
Reporting of OTC transactions in Securitized Debt Instruments
As a measure to develop the securitized debt market and improve transparency, the reporting of Over The Counter (OTC) transactions in Securitized Debt Instruments has been enabled in Fixed Income Money Market and Derivatives Association of India (FIMMDA) reporting platform.
2. All entities regulated by the Reser...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 811
|
|
Adoption of Uniform Holiday Calendar under Cheque Truncation System (CTS)
Posted Date : 23-Aug-2013 , 07:38:19 pm | Posted By: CASANSAAR
RBI/2013-14/199DPSS.CO.CHD.No./458/ 04.07.05 / 2013-14
August 23, 2013
The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks/Local Area Banks
Madam / Dear Sir
Adoption of Uniform Holiday Calendar under Cheque Truncation System (CTS)
Grid-based Cheque Truncation System (CTS) has been launched in Chennai and Mumbai covering several States/Union ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 903
|
|
Investment portfolio of banks
Posted Date : 23-Aug-2013 , 07:24:10 pm | Posted By: CASANSAAR
RBI/2013-14/198DBOD.BP.BC.No. 41/21.04.141/2013-14
August 23, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Investment portfolio of banks – Classification, Valuation and Provisioning
Please refer to ourCircular DBOD.No.BP.BC.92/21.04.141/2012-13 dated May 15, 2013on ‘SLR Holdings under Held to Maturity Category’ in terms of which banks are permitted to exceed the limit of 25 per cent of total investments under the Held to Maturity (HTM) category pro...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 916
|
|
|
