| Notifications/Circulars |
Category : RBI |
|
|
Know Your Customer Norms/Anti-Money Laundering Standards/Combating of Financing of Terrorism/Obligations under PMLA, 2002
Posted Date : 12-Jul-2013 , 10:15:03 pm | Posted By: Vinay Sharma
RBI/2013-14/135DBOD.AML.BC.No.29 /14.01.001/2013-14
July 12, 2013
The Chairmen / CEOs of all Scheduled Commercial Banks(Excluding RRBs)/Local Area Banks / All India Financial Institutions
Dear Sir,
Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligations under Prevention of Money Laundering Act (PMLA), 2002
We invite a reference to paragraph 89 (extracts enclosed) of the Monetary Policy Statement 2013-14 announced on May 3, 2...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 680
|
 |
External Commercial Borrowings (ECB) Policy
Posted Date : 11-Jul-2013 , 08:27:51 pm | Posted By: Vinay Sharma
RBI/2013-14/134A.P.(DIR Series) Circular No.11
July 11, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy – Review of all-in-cost ceiling
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 99 dated March 30, 2012andA.P. (DIR Series) Circular No. 60 dated December 14, 2012relating to ECB.
2. On a review, it has been decided that the all-in-cost ceiling as specified in A.P....
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 762
|
|
Overseas Investments
Posted Date : 11-Jul-2013 , 08:27:32 pm | Posted By: Vinay Sharma
RBI/2013-14/131A.P. (DIR Series) Circular No.8
July 11, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Overseas Investments – Shares of SWIFT
Attention of the Authorised Dealers (AD) is invited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004 notified by the Reserve Bank videNotification No. FEMA 120/RB-2004 dated July 07, 2004and as amended from time to time.
2. As per the extant FEMA provisions, the proposal of acquisition...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 804
|
|
External Commercial Borrowings (ECB) Policy
Posted Date : 11-Jul-2013 , 08:27:13 pm | Posted By: Vinay Sharma
RBI/2013-14/133A.P. (DIR Series) Circular No.10
July 11, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy –Refinancing / Rescheduling of ECB
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 112 dated April 20, 2012relating to ECB.
2. On a review, it has been decided that the instructions contained in the above mentioned circular will continue to be applicable till Sept...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 833
|
|
Trade Credits for Imports into India
Posted Date : 11-Jul-2013 , 08:26:53 pm | Posted By: Vinay Sharma
RBI/2013-14/132A.P. (DIR Series) Circular No.9
July 11, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Trade Credits for Imports into India – Review of all-in-cost ceiling
Attention of Category-I Authorized Dealer banks is invited to theA.P. (DIR Series) Circular No. 98 dated April 09, 2013relating to all-in-cost ceiling of Trade Credits for imports into India.
2. On a review it has been decided that the all-in-cost ceiling as specified under paragraph 4 ofA.P. (DIR S...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 788
|
|
Assignment of Lead Bank Responsibility in districts of Metropolitan Areas
Posted Date : 11-Jul-2013 , 08:26:34 pm | Posted By: Vinay Sharma
RBI/2013-14/130 RPCD.CO.LBS.BC.No.12/02.08.001/2013-14
July 11, 2013
The Chairmen & Managing Directors
All Lead Banks
Dear Sir/Madam,
Assignment of Lead Bank Responsibility in districts of Metropolitan Areas
Please refer toparagraph 70of Monetary Policy Statement 2013-14, in terms of which it was decided to bring all districts in metropolitan areas under the fold of the lead bank scheme.
2. Accordingly, it has been decided to assign the lead bank responsibility in districts of Metropo...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 763
|
|
Direct Benefit Transfer (DBT) Scheme
Posted Date : 09-Jul-2013 , 11:12:48 pm | Posted By: Vinay Sharma
RBI/2013-14/129RPCD.CO. LBS.BC.No.11/02.01.001/2013-14
July 9, 2013
To
CMDs of all SLBC Convenor banks and Lead banks
Dear Sir,
Direct Benefit Transfer (DBT) Scheme
A workshop on DBT Scheme was recently held in Mysore which wasinteraliaattended by Chairman, Unique Identification Authority of India (UIDAI), Finance Secretaries of select States, Top Management of Reserve Bank of India and bankers from the State of Karnataka. While reviewing the progress of seeding of Aadhaar number in bank a...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 692
|
|
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT)
Posted Date : 09-Jul-2013 , 11:12:30 pm | Posted By: Vinay Sharma
RBI/2013-2014/128UBD.BPD(AD).Cir.No.1/14.01.062/2013-14
July 9, 2013
The Chief Executive OfficerAll AD Category I Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) –Standards – Primary (Urban) Co-operative Banks
Please refer to ourcircular UBD.BPD (AD)Cir.No.3/14.01.062/2012-13 dated April 4, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 746
|
|
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
Posted Date : 08-Jul-2013 , 08:55:52 pm | Posted By: Vinay Sharma
RBI/2012-13/125A.P. (DIR Series) Circular No.5
July 8, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985between Government of India and erstwhile USSR
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No.03 dated July 04, 2013, wherein the Rupee value of the Special Currency Basket was indicated as Rs.78.374512 effective from June 13, 2013.
2. AD Category...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 678
|
|
External Commercial Borrowings (ECB) Policy - Non-Banking Finance Company
Posted Date : 08-Jul-2013 , 08:55:25 pm | Posted By: Vinay Sharma
RBI/2013-14/126A.P. (DIR Series) Circular No. 6
July 8, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy - Non-Banking Finance Company –Asset Finance Companies (NBFC - AFCs)
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 5 dated August 1, 2005andA.P. (DIR Series) Circular No. 69 dated January 7, 2013relating to External Commercial Borrowings (ECB).
2. As per the ext...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 824
|
|
Exim Bank\'s Line of Credit of USD 10 million to the Government of Seychelles
Posted Date : 08-Jul-2013 , 08:55:02 pm | Posted By: Vinay Sharma
RBI/2013-14/124A.P. (DIR Series) Circular No. 4
July 8, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 10 millionto the Government of Seychelles
Export-Import Bank of India (Exim Bank) has concluded an Agreement dated December 18, 2012 with the Government of Seychelles, for making available to the latter, a Line of Credit (LOC) of USD 10 million (USD Ten million) for financing eligible goods, services, machinery and equipment including cons...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 683
|
|
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 08-Jul-2013 , 08:54:31 pm | Posted By: Vinay Sharma
RBI/2013-14/123RPCD.RRB.RCB.AML.No. 342/07.51.018/2013-14
July 05, 2013
The Chairmen / CEOs of all Regional Rural Banks /State and Central Co-operative Banks
Dear Sir,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Please refer to our letterRPCD.CO.RRB.RCB.AML.No.9753/07.51.018/ 2012-13 dated March 15, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has updated its Statement on t...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 745
|
|
Know Your Customer Norms/Anti-Money Laundering Standards/Combating Financing of Terrorism - Unique Customer Identification Code for Banks Customers in India
Posted Date : 04-Jul-2013 , 10:03:13 pm | Posted By: Vinay Sharma
RBI/2013-14/122DNBS(PD).CC.No.351/03.10.42/2013-14
July 4, 2013
All NBFCs-Deposit taking Companies/NBFC-ND-SI with assets of Rs 25 cr and above
Dear Sir/Madam,
Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT) -Unique Customer Identification Code for Banks Customers in India (UCIC)
Please refer to ourcircular DNBS.(PD).CC.No.325/03.10.42/2012-13 dated May 3, 2013on the captioned subject, advising NBFCs to initiate steps for allott...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 683
|
|
Payment of interest on overdue public deposits
Posted Date : 04-Jul-2013 , 10:02:50 pm | Posted By: Vinay Sharma
RBI/2013-14/121DNBS.PD/CC.No.350/03.02.001/2013-14
July 04, 2013
All NBFCs
Dear Sirs,
Payment of interest on overdue public deposits
Kindly refer to clause (10) of paragraph 4 of Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2007. NBFCs are at times required to freeze the term deposits of customer based on the orders of the enforcement authorities or the deposit receipts are seized by the enforcement authorities. As doubts have been raised on the p...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 820
|
|
Anti-Money Laundering/Combating of Financing of Terrorism
Posted Date : 04-Jul-2013 , 10:02:25 pm | Posted By: Vinay Sharma
RBI/2013-14/120DBOD. AML.No. 314/14.01.001/2013-14
July 4, 2013
The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ Local Area Banks / All India Financial Institutions
Dear Sir,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Please refer to our letterDBOD. AML.No.12913/14.01.001/ 2012-13 dated March 11, 2013on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has updated ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 750
|
|
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
Posted Date : 04-Jul-2013 , 10:02:03 pm | Posted By: Vinay Sharma
RBI/2013-14/119A.P. (DIR Series) Circular No.03
July 04, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985between Government of India and erstwhile USSR
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No.112 dated June 20, 2013, wherein the Rupee value of the special currency basket was indicated as Rs.75.705663 effective from June 05, 2013.
2. AD Categ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 664
|
|
Raising Money through Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification
Posted Date : 03-Jul-2013 , 09:34:03 pm | Posted By: Vinay Sharma
RBI/2013-14/115DNBS(PD) CC No.349/03.10.001/2013-14
July 02, 2013
All NBFCs (including PDs)
Dear Sirs
Raising Money through Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification
Please refer to our circularDNBS (PD) CC No.330/03.10.001/2012-13 dated June 27, 2013.
2. We have received a number of queries in the matter from the industry. The main refrain of the sector is that the withdrawal of the current facility of issuing NCDs without any restrictions would result in...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 782
|
|
Capital Requirements for Banks
Posted Date : 02-Jul-2013 , 09:51:07 pm | Posted By: Vinay Sharma
RBI/2013-14/113 DBOD.No.BP.BC.28 /21.06.201/2013-14
July 2, 2013
The Chairman and Managing Director/ Chief Executives Officer of All Scheduled Commercial Banks (Excluding Regional Rural Banks)
Madam / Dear Sir,
Capital Requirements for Banks’ Exposures to Central Counterparties
Please refer to the paragraph 77 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. It was indicated therein that the final guidelines on capital requirements for banks&rs...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 847
|
|
RBI Master Circulars (DGBA.CDD) July-2013
Posted Date : 01-Jul-2013 , 08:53:37 pm | Posted By: CASANSAAR
RBI Circulars July-2013
Circular Number
Date Of Issue
Department
Subject
Meant For
RBI/2013-2014/82DGBA.CDD. No. 7917/13.01.299/2013-14
1.7.2013
Department of Government and Bank Accounts
Master Circular on Nomination facility for Relief/Savings Bonds
The Chairman/Managing Director Head Office (Government Accounts Department) State Bank of India and Associates, All Nationalized banks (Excluding Punjab and Sind Bank & Andhra Bank), A...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 817
|
|
RBI Master Circulars (DCM) July-2013
Posted Date : 01-Jul-2013 , 08:51:29 pm | Posted By: CASANSAAR
RBI Circulars July-2013
Circular Number
Date Of Issue
Department
Subject
Meant For
RBI/2013-2014/91DCM (NE) No. G - 4/08.07.18/2013-14
1.7.2013
Department of Currency Management
Master Circular – Facility for Exchange of Notes and Coins
The Chairman and Managing Director / The Chief Executive Officer All Banks
RBI/2013-2014/87DCM(FNVD) G- 5/16.01.05/2013-14
1.7.2013
Department of Currency Management
Master Circular – Detection and Impounding of Counter...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1177
|
|
RBI Master Circulars (DBOD) July-2013
Posted Date : 01-Jul-2013 , 08:43:50 pm | Posted By: CASANSAAR
RBI Circulars July-2013
Circular Number
Date Of Issue
Department
Subject
Meant For
RBI/2013-2014/110DBOD. No. Dir. BC.26/13.03.00/2013-14
1.7.2013
Department of Banking Operations and Development
Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges
All Scheduled Commercial Banks (Excluding RRBs)
RBI/2013-2014/80DBOD.FID.FIC.No.4/01.02.00/2013-14
1.7.2013
Department of Banking Operations ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1436
|
|
RBI Master Circulars (UBD) July-2013
Posted Date : 01-Jul-2013 , 08:38:30 pm | Posted By: CASANSAAR
RBI Circulars July-2013
Circular Number
Date Of Issue
Department
Subject
Meant For
RBI/2013-2014/32UBD.CO. BPD . MC.No. 17 /12.05.001/2013-14
1.7.2013
Urban Banks Department
Master Circular on Frauds- Classification and Reporting
Chief Executive Officers of All Primary (Urban) Co-operative Banks
RBI/2013-2014/31UBD.BPD. (PCB).MC.No.16/12.05.001/2013-14
1.7.2013
Urban Banks Department
Master Circular on Know Your Customer (KYC) Norms/Anti-Money Laundering (...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1117
|
|
Guidelines on Wealth Management /Marketing/Distribution Services offered by Banks
Posted Date : 29-Jun-2013 , 08:48:50 pm | Posted By: Vinay Sharma
DBOD.CO.FSD.No. /24.01.026/2012-13
June 28, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam
Guidelines on Wealth Management /Marketing/Distribution Services offered by Banks – Draft Guidelines
Please refer to paragraphs 86, 87 and 88 (extracts enclosed) of the Monetary Policy Statement 2013-14 announcement on May 3, 2013 regarding issue of guidelines on wealth management services and distribution of third party financial products by banks.
2. The draft guidelines o...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 802
|
|
Detection and Reporting of counterfeit notes
Posted Date : 29-Jun-2013 , 08:44:39 pm | Posted By: Vinay Sharma
RBI/2012-13/562DCM (FNVD) No.5840/16.01.05/2012-13
June 27, 2013
The Chairman and Managing Directors/Chief Executives Officers ofAll Scheduled Commercial Banks
Madam / Sir,
Detection and Reporting of counterfeit notes
Please refer to the paragraph 115 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. It was indicated therein that the guidelines on the scheme of incentives for detection and reporting of counterfeit notes and the scheme of penalties for...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 720
|
|
Financing of Infrastructure - Definition of \'Infrastructure Lending\'
Posted Date : 28-Jun-2013 , 10:18:25 pm | Posted By: Vinay Sharma
RBI/2012-13/561 DBOD.BP.BC.No. 106/ 08.12.014 / 2012-13
June 28, 2013
All Scheduled Commercial Banks
(excluding RRBs) and
All India Term-Lending and Refinancing Institutions
(EXIM Bank, NABARD, NHB and SIDBI)
Dear Sir,
Financing of Infrastructure - Definition of 'Infrastructure Lending'
Please refer to our circularDBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012on ‘Definition of Infrastructure Lending’, whereby our definition of Infrastructure Lending was harmonis...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 696
|
|
Rationalisation of Returns
Posted Date : 27-Jun-2013 , 09:58:17 pm | Posted By: Vinay Sharma
RBI/2012-2013/556MPD.PMD .BC.365/07.01.279/2012-13
June 27, 2012Ashadha 6, 1935 (S)
To,
All Scheduled Commercial Banks
Dear Sir / Madam,
Rationalisation of Returns
Please refer to ourcircular MPD.BC.218/07.01.279/2002-03 dated July 24, 2002on the captioned subject.
2. At present, banks are submitting following SFR Returns/Statements.
SFR II
SFR III
SFR VIII
Statement on daily maintenance of SLR
3. On further rationalisation, it has been decided to discontinue submission of SFR VI...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 879
|
|
Import of Gold by Nominated Banks /Agencies
Posted Date : 27-Jun-2013 , 09:57:55 pm | Posted By: Vinay Sharma
RBI/2012-13/557A.P. (DIR Series) Circular No. 122
June 27, 2013
To
All Scheduled Commercial Banks which areAuthorised Dealers (ADs) in Foreign Exchange/ All agenciesnominated for import of gold
Madam/Sir
Import of Gold by Nominated Banks /Agencies
Attention of Authorised Persons is drawn to ourA.P. (DIR Series) Circular No. 103 dated May 13, 2013&A.P. (DIR Series) Circular No. 107 dated June 04, 2013on the captioned subject in terms of which, it was decided to restrict the import of go...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 796
|
|
Priority Sector Lending-Targets and Classification-Bank loans to MFIs for on-lending-Amendment in income generation criteria
Posted Date : 27-Jun-2013 , 09:57:34 pm | Posted By: Vinay Sharma
RBI/2012-13/558RPCD.CO.Plan.BC 80/04.09.01/2012-13
June 27, 2013
The Chairman/ Managing Director/Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)]
Madam/Dear Sir,
Priority Sector Lending-Targets and Classification-Bank loans to MFIs for on-lending-Amendment in income generation criteria
Please refer to Paragraph VIII (a) ofcircular No. RPCD.CO.Plan. BC.13/04.09.01/2012-13 dated July 20, 2012on Priority Sector Lending-Targets and Classification wherein i...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 690
|
|
Raising Money through Private Placement by NBFCs-Debentures etc.
Posted Date : 27-Jun-2013 , 09:57:14 pm | Posted By: Vinay Sharma
RBI/2012-13/560DNBD(PD) CC No. 330/03.10.001/2012-13
June 27, 2013
All NBFCs (including PDs)
Dear Sirs
Raising Money through Private Placement by NBFCs-Debentures etc.
NBFCs raise money by issuing capital/debt securities including debentures by way of public issue or private placement. In the case of public issue of such securities, institutions and retail investors can participate. Private placement, on the other hand, may involve institutional investors. It has however been observed that ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 812
|
|
Bonds issued by State Distribution Companies (Discoms)
Posted Date : 27-Jun-2013 , 09:56:05 pm | Posted By: Vinay Sharma
RBI/2012-13/555DBOD.BP.BC.No.105/21.04.132/2012-13
June 27, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Bonds issued by State Distribution Companies (Discoms) – Guidelines on Valuation
Government of India had formulated and approved a Scheme for Financial Restructuring of State Owned Power Discoms to enable their turnaround and ensure their long term viability (Ministry of Power, GoI Office Memorandum No.20/11/2012-APDRP dated October 5, 2012). The Scheme, inter-alia...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 704
|
|
|
|
|
