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Category : RBI |
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Credit Information Companies (Regulation) Act, 2005
Posted Date : 07-Aug-2013 , 09:48:31 pm | Posted By: CASANSAAR
RBI/2013-14/174RPCD.CO.RCB.BC.No.19/07.51.010/2013-14
August 07, 2013
The ChairmanAll State and Central Co-operative Banks (StCBs and CCBs)
Dear Sir,
Credit Information Companies (Regulation) Act, 2005 – Compliance
Please refer to ourcircular RPCD.CO.RF.BC.No.44/07.40.06/2009-10 dated December 01, 2009advising StCBs and CCBs that in terms of Section 15(1) of Credit Information Companies (Regulation) Act, 2005, every credit institution has to become a member of at least one Cre...
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Financing of Infrastructure - Definition of \'Infrastructure Lending\'
Posted Date : 03-Aug-2013 , 08:33:31 am | Posted By: CASANSAAR
RBI/2013-14/172DNBS.PD.CC.No. 354/03.10.001/2013-14
August 02, 2013
All NBFCs
Dear Sir / Madam,
Financing of Infrastructure - Definition of 'Infrastructure Lending'
Government of India, vide its Gazette Notifications dated April 5, 2013 and May 9, 2013, has updated the Harmonised Master List of Infrastructure sub-sectors and added the following new sub-sectors to the Notification dated March 27, 2012:
Capital Dredging, under the sub-sector ‘Ports’.
Slurry Pipelines
Teleco...
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ATM transactions
Posted Date : 01-Aug-2013 , 08:29:33 pm | Posted By: CASANSAAR
RBI/2013-14/171DPSS. CO.PD.No. 289/02.10.002/2013-2014
August 1, 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
Madam / Dear Sir,
ATM transactions – Enhancement of customer service
The Reserve Bank of India has, over a period of time, issued a number of instructions to banks regarding enhancement of customer service as well as handl...
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Implementation of Section 51-A of UAPA, 1967
Posted Date : 26-Jul-2013 , 08:00:10 pm | Posted By: CASANSAAR
RBI/2013-14/162DBOD. AML. No. 1416 /14.06.001/2013-14
July 26, 2013
The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions
Dear Sir,
Implementation of Section 51-A of UAPA, 1967 –Updates of the UNSCR 1988(2011) Sanctions List
Please refer to ourcircular DBOD. AML. No. 6328 /14.06.001/2012-13 datedOctober 29, 2012on the captioned subject. We have since received from Government of India, Ministry of External Affairs, UN...
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Section 42(1) of the Reserve Bank of India Act, 1934
Posted Date : 25-Jul-2013 , 08:10:13 am | Posted By: CASANSAAR
RBI/2013-14/160RPCD.CO.RRB.No. 16/03.05.33/2013-14
July 24, 2013
All Scheduled State Cooperative Banks/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 toPress Release 2013-2014/154 dated July 23, 2013announcing additional measures to address exchange market volatility.
2. As mentioned therein, currently, banks are allowed to maintain a minimum of 70 per cent of the required ...
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Migration of Post-dated cheques (PDC)/Equated Monthly Instalment (EMI) Cheques to Electronic Clearing Service (Debit)
Posted Date : 25-Jul-2013 , 08:09:12 am | Posted By: CASANSAAR
RBI/2013-14/158DPSS.CO.CHD.No./209/04.07.05/2013-14
July 24, 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
Migration of Post-dated cheques (PDC)/Equated Monthly Instalment (EMI) Cheques to Electronic Clearing Service (Debit)
We invite a reference to our circularDPSS.CO.CHD.No.1622/04.07.05/2012-13 dated M...
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Credit Information Companies (Regulation) Act, 2005
Posted Date : 25-Jul-2013 , 08:08:31 am | Posted By: CASANSAAR
RBI/2013-14/157RPCD.CO.RRB.BC.No.14/03.05.33/2013-14
July 23, 2013
The ChairmanAll Regional Rural Banks (RRBs)
Dear Sir,
Credit Information Companies (Regulation) Act, 2005 – Compliance
Please refer to ourcircular RPCD.CO.RRB.No.32/03.05.33/2009-10 dated October 20, 2009advising RRBs, that in terms of Section 15(1) of Credit Information Companies (Regulation) Act 2005, every credit institution has to become a member of at least one Credit Information Company within a period of three m...
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Priority Sector Lending Reporting
Posted Date : 25-Jul-2013 , 08:07:50 am | Posted By: CASANSAAR
RBI/2013-14/156RPCD.CO.Plan. BC 15/04.09.01/2013-14
July 24, 2013
The Chairman/ Managing Director/Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)]
Madam/Dear Sir,
Priority Sector Lending Reporting – Definition of “disbursement”
Please refer to thecircular RPCD.CO.Plan. BC 56/04.09.01/2012-13 dated January 7, 2013on Priority Sector Lending –Revised Reporting System.
2. Disbursement to be reported in the monthly and yearly report...
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Master Circular on Imports
Posted Date : 23-Jul-2013 , 01:00:28 pm | Posted By: Jignesh Gala
Master Circular on Imports issued by RBI, w.e.f. July 01, 2013...
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RRBs - Bank Rate increased
Posted Date : 19-Jul-2013 , 08:49:21 pm | Posted By: CASANSAAR
RBI/2013-14/146RPCD.CO.RRB.RCB.BC. No.13/03.05.33/2013-14
July 15 , 2013
The Chairmen/Chief Executive Officers,All Regional Rural Banks / State and Central Co-operative Banks
Dear Sir/Madam,
Bank Rate
As announced in thePress Release 2013-14/100 dated July 15, 2013, the Bank Rate stands adjusted by 200 basis points from 8.25 per cent to 10.25 per cent with effect from July 15, 2013.
2. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank ...
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RBI |
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Maintenance of Statutory Liquidity Ratio (SLR)
Posted Date : 17-Jul-2013 , 09:38:38 pm | Posted By: CASANSAAR
RBI/2013-14/144DBOD.No.Ret.BC. 33/12.02.001/2013-14
July 17, 2013
All Scheduled Commercial Banks(Excluding Regional Rural Banks)
Dear Sir,
Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF)
Please refer to ourcircular DBOD.No.Ret.BC.95 /12.02.001/2011-12 dated April 17, 2012wherein it was advised that Scheduled Commercial Banks (SCBs) may borrow overnight up to 2 per cent of their respective Net Dema...
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Standardization and Enhancement of Security Features in Cheque Forms/Migrating to CTS 2010 standards
Posted Date : 16-Jul-2013 , 09:11:45 pm | Posted By: CASANSAAR
RBI/2013-14/141DPSS.CO.CHD.No./133 / 04.07.05 / 2013-14
July 16, 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
Standardization and Enhancement of Security Features in Cheque Forms/Migrating to CTS 2010 standards
Please refer to the instructions contained in ourcircular no. DPSS.CO.CHD.No. 1622/04.07.05/20...
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Marginal Standing Facility Rates
Posted Date : 16-Jul-2013 , 09:11:06 pm | Posted By: CASANSAAR
RBI/2013-2014/140FMD.MOAG. No.79 /01.01.001/2013-14
July 16, 2013
All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers
Dear Sir,
Marginal Standing Facility Rates
As you are aware, Reserve Bank of India announced various measures yesterday to address the exchange rate volatility. As a part of the measures, it has been decided to recalibrate the Marginal Standing Facility (MSF) rate at 300 basis points above the policy Repo rate under the Liquidity Adjustment Facility (LAF) wit...
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For promotional activities, RBI asks banks to engage only those telemarketers who are registered with TRAI
Posted Date : 15-Jul-2013 , 08:11:03 pm | Posted By: Vinay Sharma
UNSOLICITED COMMERCIAL COMMUNICATIONS - NATIONAL CUSTOMER PREFERENCE REGISTER (NCPR)
CIRCULAR DBOD.NO.FSD.BC.30/24.01.001/2013-14,DATED 15-7-2013
Please refer to ourcircular Nos. DBOD.FSD.BC.49/24.01.011/2005-06 dated November 21, 2005,DBOD.FSD.BC.19/24.01.011/2007-08 dated July 3, 2007,DBOD.FSD.BC.35/24.01.011/2007-08 dated October 19, 2007andDBOD. No. FSD. BC.45/24.01.011/2008-09 dated September 17, 2008on the above subject in terms of which banks were advised to employ only those DMAs/DSAs/...
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External Commercial Borrowings (ECB) Policy Repayment of Rupee loans and/or fresh Rupee capital expenditure
Posted Date : 15-Jul-2013 , 08:04:28 pm | Posted By: Vinay Sharma
RBI/2013-14/137A.P. (DIR Series) Circular No.12
July 15, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) PolicyRepayment of Rupee loans and/or fresh Rupeecapital expenditure – USD 10 billion Scheme
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 134 dated June 25, 2012,A.P. (DIR Series) Circular No. 26 dated September 11, 2012andA.P.(DIR) Circular No.78 dated January 21,...
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Unsolicited Commercial Communications
Posted Date : 15-Jul-2013 , 06:27:44 pm | Posted By: Vinay Sharma
RBI/2013-14/136DBOD.No.FSD.BC.30/24.01.001/2013-14
July 15, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/ Madam,
Unsolicited Commercial Communications – National Customer Preference Register (NCPR)
Please refer to ourcircular Nos. DBOD.FSD.BC.49/24.01.011/2005-06 dated November 21, 2005,DBOD.FSD.BC.19/24.01.011/2007-08 dated July 3, 2007,DBOD.FSD.BC.35/24.01.011/2007-08 dated October 19, 2007andDBOD.No.FSD. BC.45/24.01.011/2008-09 dated September 17, 2008on the above s...
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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...
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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....
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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