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Sharing of Information Technology Resources by banks
Posted Date : 18-Oct-2013 , 07:50:52 pm | Posted By: CASANSAAR
RBI/2013-14/327UBD CO BPD No.31/09.18.300/2013-14
October 17, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Sharing of Information Technology Resources by banks – guidelines
As announced in the Monetary Policy Statement 2013-14 (paragraph 101), with the increased use of information technology (IT) infrastructure by banks, there is a need to examine the issue of shared IT resources in order to optimise costs while maintaining the desir...
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Change of Name of SME Rating Agency of India Limited to SMERA Ratings Limited (SMERA)
Posted Date : 18-Oct-2013 , 07:49:47 pm | Posted By: CASANSAAR
RBI/2013-14/326DBOD.BP.BC.No.59/21.06.007/2013-14
October 17, 2013
The Chairman and Managing Director/The Chief Executive OfficerAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Change of Name of SME Rating Agency of India Limited toSMERA Ratings Limited (SMERA)
Please refer to theMaster Circular No. DBOD.No.BP.BC.9/21.06.001/2012-13 dated July 1, 2013on 'Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequac...
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Launch of new RTGS System
Posted Date : 11-Oct-2013 , 09:10:53 pm | Posted By: CASANSAAR
RBI/2013-14/324DPSS (CO) RTGS No.801/04.04.017/2013-14
October 11, 2013
The Chairperson / Chief Executive OfficerRTGS Members
Madam / Dear Sir,
Launch of new RTGS System
Please refer to ourCircular RBI/2012-13/355 [DPSS (CO) RTGS No.1052/04.04.017/2012-13 dated December 31, 2012] regarding implementation of new RTGS System conforming to ISO 20022 messaging standard.
2. The new RTGS system will be operationalized onOctober 19, 2013and the “RTGS System Regulations 2013&rdqu...
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RBI |
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Monetary Policy Statement for 2013-14-Distribution of Banknotes and Coins
Posted Date : 10-Oct-2013 , 07:36:22 pm | Posted By: CASANSAAR
RBI/2013-14/322DCM (Plg) No. G - 14/10.65.03/2013-14
October 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...
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Unsecured Exposure Norms for UCBs
Posted Date : 10-Oct-2013 , 07:35:43 pm | Posted By: CASANSAAR
RBI/2013-14/321UBD CO BPD (PCB) Cir. No.29/13.05.000/2013-14
October 10, 2013
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Unsecured Exposure Norms for UCBs
Please refer to ourcircular UBD BPD (PCB) Cir. No.45/13.05.000/2012-13 dated April 03, 2013on the captioned subject exempting UCBs fulfilling certain conditions from the extant ceiling of 10% of total assets for unsecured loans and advances and permitting them to grant, with the prior approval of ...
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Housing Sector: Innovative Housing Loan Products
Posted Date : 08-Oct-2013 , 08:37:03 pm | Posted By: CASANSAAR
RBI/2013-14/320RPCD.CO.RCB.BC.No.43/07.51.013/2013-14
October 8, 2013
The ChairmanAll State and Central Co-operative Banks (StCBs and CCBs)
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...
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Term Repo under Liquidity Adjustment Facility
Posted Date : 08-Oct-2013 , 08:36:09 pm | Posted By: CASANSAAR
RBI/2013-14/319FMD.MOAG. No. 89 /01.01.009/2013-14
October 08, 2013
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Term Repo under Liquidity Adjustment Facility
As announced yesterday, it has been decided to conduct auctions for term repos of 7-day and 14-day tenor for a notified amount equivalent to 0.25 per cent of net demand and time liabilities (NDTL) of the banking system through variable rate auction mechanism. The first term repo auction with a tenor of seven days would...
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RBI |
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Revised guidelines on lending to Priority Sector for UCBs
Posted Date : 08-Oct-2013 , 08:35:27 pm | Posted By: CASANSAAR
RBI/2013-14/318UBD CO BPD (PCB) MC. No.18/09.09.001/2013-14
October 8, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Revised guidelines on lending to Priority Sector for UCBs
Please refer to our circularUBD PCB Cir. No.11/09.09.01/2007-08 dated August 30, 2007and the amendments thereto issued from time to time on the captioned subject, consolidated inMaster Circular UBD BPD (PCB) MC No.7/09.09.001/ 2012-13 dated July 02, 2012. It may be recalled th...
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RBI |
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Share Linking to Borrowing Norm in Urban Co-operative Banks
Posted Date : 01-Oct-2013 , 07:02:49 pm | Posted By: CASANSAAR
RBI/2013-14/307UBD CO BPD (PCB) Cir. No. 25/09.18.200/2013-14
October 1, 2013
The Chief Executive OfficerAll Urban Co-operative Banks
Dear Sir / Madam,
Share Linking to Borrowing Norm in Urban Co-operative Banks
Please refer to the instructions contained in para 3 ofcircular UBD PCB Cir. No.4/ 09.18.201/2008-09 dated July 15, 2008on ‘Instruments for Augmenting Capital Funds – UCBs’ indicating the current regulatory prescriptions on share linking to borrowing viz. 2...
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Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes
Posted Date : 30-Sep-2013 , 06:38:54 pm | Posted By: CASANSAAR
RBI/2013-14/300UBD.BPD.(PCB)CIR No. 23/13.01.000/2013-14
September 30, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Unclaimed Deposits/Inoperative Accounts in UCBs - Treatment ofcertain savings bank accounts opened for credit of Scholarshipamounts and credit of Direct Benefit Transfer under Government Schemes
Please refer toCircular No.UBD.BPD.(PCB)CIR.No.9/13.01.000/2013-14 dated September 1, 2008on unclaimed deposits/ inoperative accou...
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RBI |
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Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme (ADWDRS), 2008 by CAG & Re-verification Exercise by the banks
Posted Date : 30-Sep-2013 , 06:37:36 pm | Posted By: CASANSAAR
RBI/2013-14/299UBD.BPD.(PCB)CIR No. 22 /13.05.006/2013-14
September 30, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme(ADWDRS), 2008 by CAG & Re-verification Exercise by the banks
Please refer to ourCircular UBD.BPD. (PCB) Cir. No.40/13.05.006/2012-13 dated March 7, 2013, in terms of which Urban Co-operative Banks (UCBs) were advised to conduct a complete verification o...
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RBI |
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Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks
Posted Date : 27-Sep-2013 , 06:37:51 pm | Posted By: CASANSAAR
RBI/2013-14/297UBD.BPD.(PCB) Cir.No.21/14.01.062/2013-14
September 27, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks – Primary (Urban) Cooperative Banks
Under Rule 16 of the Foreign Contribution (Regulation) Rule, 2011, banks have to report to Central Government any transaction in respect of receipt of foreign contributions. The ...
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RBI |
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Security and Risk Mitigation Measures for Card Present Transactions
Posted Date : 27-Sep-2013 , 06:36:47 pm | Posted By: CASANSAAR
RBI/2013-14/296DPSS (CO) PD No.719/02.14.011/2013-14
September 27, 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/Authorised Card Payment Networks
Madam / Dear Sir,
Security and Risk Mitigation Measures for Card Present Transactions
A reference is invited to our circularDPSS.PD.CO.No.513 / 02.14.003 /2011-2012 dated September 22, 2011on ...
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RBI |
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Pernicious practices of select banks deterring customer protection and accounting integrity
Posted Date : 25-Sep-2013 , 08:53:57 pm | Posted By: CASANSAAR
RBI/2013-14/292DBS.CO.PPD No. 3578 /11.01.005/2013-14
September 17, 2013
The Chairman/Chief ExecutiveAll Scheduled Commercial Banks (Excluding RRBs) / Local Area Banks
Madam/Dear Sir,
Pernicious practices of select banks deterringcustomer protection and accounting integrity
Please refer to our circular DBS.CO.PPD No. 17882/11.01.005/2012-13 dated June 19, 2013, wherein we had observed certain disquieting features in certain practices/products prevalent/ offered by some of the banks. We had ...
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RBI |
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Export Credit in Foreign Currency
Posted Date : 25-Sep-2013 , 08:53:17 pm | Posted By: CASANSAAR
RBI/2013-14/291DBOD.Dir.BC.No. 57 /04.02.001/2013-14
September 25, 2013
All Scheduled Commercial Banks and Exim Bank(excluding RRBs)
Dear Sir/ Madam,
Export Credit in Foreign Currency
Banks extend export credit in Indian Rupees as well as in foreign currency, such as Pre Shipment Credit in Foreign Currency (PCFC) and Post Shipment Credit in Foreign Currency (PSCFC), as per their own internal lending policies within the overall regulatory framework prescribed by the Reserve Bank.
2. It is o...
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Revision in Bank Rate
Posted Date : 20-Sep-2013 , 07:44:20 pm | Posted By: CASANSAAR
RBI/2013-2014/283UBD.BPD.(PCB).Cir.No. 19 /16.11.00/2013-14
September 20, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Revision in Bank Rate
Please refer to our circularUBD BPD (PCB) Cir. No.1/16.11.00/2013-14 dated July 15, 2013on the captioned subject. As announced in thePress Release 2013-2014/604 dated September 20, 2013, the Bank Rate stands adjusted by 75 basis points from 10.25 per cent to 9.5 per cent with effect from September 20, 2013.
...
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Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement
Posted Date : 20-Sep-2013 , 07:43:15 pm | Posted By: CASANSAAR
RBI/2013-14/281DBOD.No.Ret.BC.55 /12.01.001/2013-14
September 20, 2013
To All Scheduled Commercial Banks(Excluding Regional Rural Banks)
Dear Sir,
Section 42(1) of the Reserve Bank of India Act, 1934 - Change inDaily Minimum Cash Reserve Maintenance Requirement
Please refer to ourCircular DBOD.No.Ret.BC.35/12.01.001/2013-14 dated July 23, 2013on the captioned subject.
2. As announced in thePress Release 2013-14/604 dated September 20, 2013, it has been decided to reduce the minimum daily m...
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Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks
Posted Date : 20-Sep-2013 , 07:42:34 pm | Posted By: CASANSAAR
RBI/2013-14/280DBOD. AML.No.4814/14.08.001/2013-14
September 20, 2013
The Chairmen / Chief Executive OfficersAll Scheduled Commercial Banks (excluding RRBs)
Dear Sir/Madam,
Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks
Under Rule 16 of the Foreign Contribution (Regulation) Rule, 2011, banks have to report to Central Government any transaction in respect of receipt of foreign contribution. Ministry of Home Affairs (MHA), Government...
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Liquidity Adjustment Facility
Posted Date : 20-Sep-2013 , 07:41:51 pm | Posted By: CASANSAAR
RBI/2013-2014/278FMD.MOAG. No. 86/01.01.001/2013-14
September 20, 2013
All Scheduled Commercial Banks (excluding RRBs) and Standalone Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced today in theMid-Quarter Review of the Monetary Policy 2013-14, it has been decided to increase the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 7.25 per cent to7.50 per centwith immediate effect.
2. Consequent to the ...
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Marginal Standing Facility Rate
Posted Date : 20-Sep-2013 , 07:41:13 pm | Posted By: CASANSAAR
RBI/2013-2014/277FMD.MOAG. No. 87/01.18.001/2013-14
September 20, 2013
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Marginal Standing Facility Rates
As announced today in theMid-Quarter Review of the Monetary Policy 2013-14, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 75 basis points from 10.25 percent to9.50 per centwith immediate effect.
2. Consequent to this change, Marginal Standing Facility (MSF) rate is recalibrated to 200 basis points a...
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Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 20-Sep-2013 , 07:40:24 pm | Posted By: CASANSAAR
RBI/2013-14/276MPD No.BC.368/07.01.279/2013-14
Bhadra 29, 1935 (Sake)September 20, 2013
ToAll Scheduled Banks [excluding Regional Rural Banks(RRBs)]and Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facilities forBanks and Primary Dealers
Please refer to theMid-quarter Monetary Policy Review dated September 20, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points from 7.25 per cent to 7.50 per cent with immediate effec...
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Section 23 of the Banking Regulation Act, 1949
Posted Date : 19-Sep-2013 , 08:32:44 pm | Posted By: CASANSAAR
RBI/2013-14/274DBOD.No.BAPD.BC.54 /22.01.001/2013-14
September 19, 2013
All Domestic Scheduled Commercial Banks(excluding RRBs)
Madam / Dear Sir
Section 23 of the Banking Regulation Act, 1949 –Relaxations in Branch Authorisation Policy
Please refer to Governor’s Statement on taking office on September 04, 2013 (extract enclosed -Annex 1) regarding the proposal to completely free bank branching for well managed domestic scheduled commercial banks in every part of the country subj...
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RBI |
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Swap Window for Attracting FCNR (B) Dollar Funds
Posted Date : 19-Sep-2013 , 08:31:57 pm | Posted By: CASANSAAR
RBI/2013-14/273FMD.MOAG. No. 85/01.06.016/2013-14
September 19, 2013
To
All Scheduled Banks [excluding Regional Rural Banks (RRBs)]
Dear Sir/ Madam,
Swap Window for Attracting FCNR (B) Dollar Funds
Please refer to our circularFMD.MAOG.No.84/01.06.016/2013-14 dated September 6, 2013on the captioned subject.
2. Banks have raised various queries relating to the operationalisation of the captioned swap window. These queries along with the answers/ clarifications are put up in the RB...
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Foreign students studying in India
Posted Date : 19-Sep-2013 , 08:31:02 pm | Posted By: CASANSAAR
RBI/2013-14/272RPCD.RRB.RCB.AML.BC.No. 37/07.51.018/2013-14
September 18, 2013
The Chairmen / CEOs of Regional Rural Banks /State and Central Co-operative Banks
Dear Sir / Madam,
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 of any proof of local address.
...
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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...
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RBI |
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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...
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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...
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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...
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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...
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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...
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