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Charges Levied by Banks for Sending SMS Alerts
Posted Date : 26-Nov-2013 , 09:26:18 pm | Posted By: CASANSAAR
RBI/2013-14/381DBOD. No. Dir. BC. 67/13.10.00/2013-14
November 26, 2013
All Scheduled Commercial Banks(Excluding RRBs)
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 DBOD. No. Dir. BC. ...
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Security and Risk Mitigation Measures for Card Present Transactions
Posted Date : 26-Nov-2013 , 06:02:13 pm | Posted By: CASANSAAR
RBI/2013 -14/380DPSS (CO) PD No.1164/ 02.14.003/2013-14
November 26, 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 ourcircular dated September 22, 2011 on security issues and risk mitigation me...
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RBI |
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Financing of Infrastructure - Definition of \'Infrastructure Lending\'
Posted Date : 25-Nov-2013 , 07:28:37 pm | Posted By: CASANSAAR
RBI/2013-14/378DBOD.BP.BC.No.66/08.12.014/2013-14
November 25, 2013
All Scheduled Commercial Banks(excluding RRBs) andAll India Term-Lending and Refinancing Institutions(EXIM Bank, NABARD, NHB and SIDBI)
Dear Sir,
Financing of Infrastructure - Definition of 'Infrastructure Lending'
Please refer to ourcircular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012on ‘Definition of Infrastructure Lending’ harmonising the RBI definition of Infrastructure Lending with that of ...
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Report on Trend and Progress of Banking in India
Posted Date : 22-Nov-2013 , 08:30:03 am | Posted By: CASANSAAR
TheReserve Bank of Indiatoday released the statutoryReporton Trend andProgressof Banking in India 2012-13. ThisReportpresents theperformance andsalient policy measures relating to the banking sector during 2012-13. TheReportalso provides an analysis of the co-operative banks and non-banking financial institutions.
The key messages of theReportare set out below:
Perspectives on theIndian BankingSector
The weakening domestic macroeconomic conditions combined with the continuing subdued glob...
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RBI |
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Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme 2008
Posted Date : 20-Nov-2013 , 07:28:13 pm | Posted By: CASANSAAR
RBI/2013-14/376UBD.BPD. (PCB) CIR No.39 /13.05.006/2013-14
November 20, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Performance Audit of Agricultural Debt Waiver & Debt Relief Scheme 2008
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 complete verification of list of beneficiaries under ADWDRS, 2008 and take corrective ste...
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UCBs - Undertaking of Activity as PAN Service Agent for providing PAN Issuance Services to its Customers by entering into tie-up with UTI Infrastructure and Technology Services Ltd
Posted Date : 14-Nov-2013 , 07:07:58 pm | Posted By: CASANSAAR
RBI/2013-14/371UBD.CO.BPD.(PCB) Cir No. 38/13.05.000/2013-14
November 14, 2013
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Undertaking of activity by the UCBs as PAN Service Agent (PSA) forproviding PAN issuance services to its customers by entering into tie-upwith UTI Infrastructure and Technology Services Ltd (UTIITSL)
We have been receiving requests from UCBs to allow them to undertake the activity of providing PAN issuance services to its custo...
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Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH)
Posted Date : 14-Nov-2013 , 02:52:33 pm | Posted By: CASANSAAR
RBI/2013-14/370UBD.BPD.PCB.Cir No.37/09.22.010/2013-14
November 14, 2013
The Chief Executive Officer ofAll Primary (Urban) Co-operative Banks
Dear Sir / Madam,
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 Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) vide their Notification No.O-17034/122/2009-H da...
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RBI |
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Filing of records of equitable mortgages with the Central Registry
Posted Date : 12-Nov-2013 , 06:40:58 pm | Posted By: CASANSAAR
RBI/2013-14/369DNBS.(PD).CC.No.360 /03.10.001/2013-14
November 12, 2013
All NBFCs
Dear Sirs,
Filing of records of equitable mortgageswith the Central Registry
The Central Government in exercise of the powers conferred under Section 21 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, has notified on 31st March, 2011 the establishment of the Central Registry at New Delhi and entrusted the operations and administration of the Centra...
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Issue TDS certificates on time to customers: RBI to banks
Posted Date : 06-Nov-2013 , 08:14:57 pm | Posted By: CASANSAAR
RBI/2013-14/361DBOD.No.Leg.BC.65/09.07.005/2013-14
November 6, 2013
All Scheduled Commercial Banks(excluding RRBs)
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 timely.
2. The matter has been examined and with a view to protect interest of the depositors and for rendering better ...
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Migration of Post-dated cheques (PDC)/Equated Monthly Installment (EMI) Cheques to Electronic Clearing Service (Debit)
Posted Date : 06-Nov-2013 , 08:13:55 pm | Posted By: CASANSAAR
RBI/2013-14/359DNBS.PD/ CC.NO.359 /03.10.001/2013-14
November 06, 2013
All NBFCs
Dear Sirs,
Migration of Post-dated cheques (PDC)/Equated Monthly Installment (EMI) Cheques to Electronic Clearing Service (Debit)
A reference is invited to ourCircular No DNBS.PD/ CC.NO.316 /03.10.001/2012-13 December 20, 2012advising all NBFCs to ensure replacement of all Non-CTS-2010 standard compliant cheques received from their customers for future EMI payments by March 31, 2013.
2. Reference is al...
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Formation of seven new districts in the State of Gujarat - Assignment of Lead Bank Responsibility
Posted Date : 06-Nov-2013 , 03:32:42 pm | Posted By: CASANSAAR
RBI/2013-14/358RPCD.CO.LBS.BC.No. 53 /02.08.001/2013-14
November 6, 2013
The Chairmen & Managing DirectorsAll Lead Banks
Dear Sir/Madam,
Formation of seven new districts in the State of Gujarat -Assignment of Lead Bank Responsibility
The Government of Gujarat vide The Gujarat Government Gazette Notification No. GHM/2013/69 to 75 /M/PFR/102013/139/L.I dated August 13, 2013 had notified the formation of seven new districts in the State of Gujarat. It has been decided to assign the...
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RBI |
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Investment portfolio of Urban Co-operative Banks (UCBs) Classification, Valuation and Provisioning
Posted Date : 01-Nov-2013 , 08:32:24 pm | Posted By: CASANSAAR
RBI/2013-14/357UBD.BPD.(PCB)CIR No. 36/16.20.000/2013-14
November 1, 2013
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Investment portfolio of Urban Co-operative Banks (UCBs)Classification, Valuation and Provisioning
Please refer to ourcircular UBD.No.PCB.Cir.16/16.20.00/2004-05 dated September 2, 2004, in terms of which Urban Co-operative Banks (UCBs) were advised that the limit of 25 per cent of total investments under Held to Maturity (HTM) category ...
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Marginal Standing Facility-Revision in timings
Posted Date : 31-Oct-2013 , 07:33:01 pm | Posted By: CASANSAAR
RBI/2013-14/351FMD.MOAG. No. 93/01.18.001/2013-14
October 31, 2013
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Marginal Standing Facility-Revision in timings
As announced in theSecond Quarter Review of the Monetary Policy 2013-14on October 29, 2013, it has been decided to revise the timings of Marginal Standing Facility (MSF). The MSF will now be available between 7.00 pm and 7.30 pm instead of the existing timings of 4.45 pm to 5.15 pm. The change in timings will take effe...
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RBI |
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Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 29-Oct-2013 , 07:08:47 pm | Posted By: CASANSAAR
RBI/2013-14/343MPD. No.BC. 370/07.01.279/2013-14
October 29, 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 theSecond Quarter Review of Monetary Policy Statement 2013-14 dated October 29, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points from 7.50 per cent to 7.75 per cent with immediate effe...
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Due diligence in correspondent banking relationship
Posted Date : 29-Oct-2013 , 07:08:06 pm | Posted By: CASANSAAR
RBI/2013-14/342DBOD.AML.BC.No.63/14.01.001/2013-14
October 29, 2013
The Chairmen / Chief Executive Officers ofAll Scheduled Commercial Banks (excluding Regional Rural Banks)
Dear Sir,
Due diligence in correspondent banking relationship.
Please refer toparagraph 2.16of our Master Circular DBOD. AML.BC.24/14.01.001/2012-13 dated July 1, 2013 on ‘Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) / Obligation of banks under P...
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Marginal Standing Facility Rates
Posted Date : 29-Oct-2013 , 07:07:21 pm | Posted By: CASANSAAR
RBI/2013-14/340FMD.MOAG. No. 91/01.18.001/2013-14
October 29, 2013
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Marginal Standing Facility Rates
As announced today in theSecond Quarter Review of the Monetary Policy 2013-14, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 25 basis points from 9.00 percent to8.75 per centwith immediate effect.
2. Consequent to this change, Marginal Standing Facility (MSF) rate is recalibrated to 100 basis points abo...
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Liquidity Adjustment Facility
Posted Date : 29-Oct-2013 , 07:06:47 pm | Posted By: CASANSAAR
RBI/2013-14/339FMD.MOAG. No. 90/01.01.001/2013-14
October 29, 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 theSecond 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 7.50 per cent to7.75 per centwith immediate effect.
2. Consequent to the c...
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Section 23 of B. R. Act, 1949 (AACS) - Authorization for Specialized Branches
Posted Date : 24-Oct-2013 , 08:08:19 pm | Posted By: CASANSAAR
RBI/2013-14/336UBD.CO.LS.(PCB).Cir.No. 30/07.01.000/2013-14
October 15, 2013
Chief Executive Officers ofall Primary (Urban) Co-operative Banks
Dear Sir/ Madam,
Section 23 of B. R. Act, 1949 (AACS) - Authorization for Specialized Branches – Central Processing Centres (CPCs) / Retail Assets Processing Centres etc.
We have of late been receiving requests from banks for setting up of Specialized Branches like Central Processing Centres (CPCs)/ Retail Assets Processing Centres/ Regional/ Z...
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Sharing of Information Technology Resources by Banks - Guidelines
Posted Date : 24-Oct-2013 , 08:07:31 pm | Posted By: CASANSAAR
RBI/2013-14/335RPCD.CO.RRB.BC.No. 45/03.05.33/2013-14
October 24, 2013
The ChairmenAll Regional Rural Banks
Dear Sir,
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 pre-requisites for a bank to consume shared IT resour...
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Amendments to Banking Regulation Act 1949 -- Banking Laws (Amendment) Act 2012 - Applicability to private sector banks
Posted Date : 24-Oct-2013 , 07:49:40 am | Posted By: CASANSAAR
RBI/2013-14/334DBOD.NO.PSBD.BC.62/16.13.100/ 2013-14
October 23, 2013
All Private Sector Banks
Dear Sir,
Amendments to Banking Regulation Act 1949 -- Banking Laws(Amendment) Act 2012 - Applicability to private sector banks
As you are aware, the Government of India, Ministry of Finance, notified the Banking Law Amendments Act, 2012, vide Gazette Notification dated January 17, 2013, (published in Part II- Section 3--sub-section (ii) of the Gazette of India No.177 dated January 18, 2...
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Section 23 of the Banking Regulation Act, 1949
Posted Date : 21-Oct-2013 , 05:50:08 pm | Posted By: CASANSAAR
RBI/2013-14/330DBOD.No.BAPD.BC. 60/22.01.001/2013-14
October 21, 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 circularDBOD.No.BAPD.BC.54/22.01.001/2013-14 dated September 19, 2013, on the above subject, advising that domestic scheduled commercial banks (other than RRBs) are permitted to open branches in Tier 1 to Tier 6 centres without having the ...
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Special Deposit Scheme (SDS), 1975
Posted Date : 21-Oct-2013 , 05:49:19 pm | Posted By: CASANSAAR
RBI/2013-14/329DGBA.CDD. No. 2319/15.01.001/2013-14
October 09, 2013
The Chairman & Managing DirectorHead Office (Government Accounts Department)State Bank of India and its Associates/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 Commerce /Punjab National Bank /Syndicate Bank /UCO Bank /Union Bank of India /United Bank of India
Dear Sir/Madam,
Special De...
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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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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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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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