| Notifications/Circulars |
Category : RBI |
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Settlement of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs)
Posted Date : 26-Jun-2013 , 09:39:40 pm | Posted By: Vinay Sharma
RBI/2012-13/551IDMD.PCD. 12/14.03.02/2012-13
June 26, 2013
To All Market Participants
Dear Sir/Madam,
Settlement of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs)
Please refer to our NotificationIDMD.PCD.No.20/14.01.02/2011-12 dated March 05, 2012on the captioned subject.
2. The above directions have been reviewed and it has been decided that MCX-SX Clearing Corporation Limited is also an eligible entity for clearing and settlement of all OTC trades in CDs an...
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Guidelines on Securities Transactions to be followed by Primary Dealers
Posted Date : 26-Jun-2013 , 09:39:19 pm | Posted By: Vinay Sharma
RBI/2012-13/549IDMD.PCD.13/14.03.07/2012-13
June 26, 2013
To
All Market Participants
Dear Sir/Madam,
Guidelines on Securities Transactions to be followed by Primary Dealers
Please refer to ourNotifications IDMC.PDRS.PDS.No.2/03.64.00/2000-01 dated November 13, 2000andIDMC. No. PDRS/2049A/03.64.00/99-2000 dated December 31, 1999on the captioned subject.
2. The above directions have been reviewed and it has been decided that Primary Dealers are permitted to undertake transactions in securit...
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Risk Management and Inter Bank Dealings
Posted Date : 26-Jun-2013 , 09:39:00 pm | Posted By: Vinay Sharma
RBI//2012-13/554A.P. (DIR Series) Circular No.121
June 26, 2013
To
All Authorised Dealer Category - I Banks
Madam / Sir,
Risk Management and Inter Bank Dealings
Attention of Authorized Dealers Category – I (AD Category - I) banks is invited to section C of the Annex toA.P.(DIR Series) Circular No. 32 dated December 28, 2010 on Comprehensive Guidelines on ‘Over the Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity Price and Freight Risks’ in term...
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RBI |
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Settlement of OTC transactions in Corporate Bonds on DvP-I basis
Posted Date : 26-Jun-2013 , 09:38:28 pm | Posted By: Vinay Sharma
RBI/2012-13/550IDMD.PCD. 11 /14.03.06/2012-13
June 26, 2013
To
All Market Participants
Dear Sir/Madam,
Settlement of OTC transactions in Corporate Bonds on DvP-I basis
Please refer to ourNotification IDMD. No.1764/11.08.38/2009-10 dated October 16, 2009on the captioned subject.
2. The above directions have been reviewed and it has been decided that MCX-SX Clearing Corporation Limited is also an eligible entity for clearing and settlement of all OTC trades in corporate bonds in addition to...
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RBI |
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Business Continuity Planning (BCP), Vulnerability Assessment and Penetration Tests (VAPT) and Information Security
Posted Date : 26-Jun-2013 , 09:37:29 pm | Posted By: Vinay Sharma
RBI/2012-13/547DIT.CO(Policy)No. 2636/09.63.025/2012-13
June 26, 2013
The Chairmen/Chief Executive Officers,All Scheduled Commercial Banks (excluding RRBs)
Dear Sir/Madam,
Business Continuity Planning (BCP), Vulnerability Assessment and Penetration Tests (VAPT) and Information Security
Please referparagraph 102of the Monetary Policy Statement 2013-14 wherein we have emphasised the importance of securing the Information Systems (IS) of banks. In order for banks to secure their ISs, ensure th...
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RBI |
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Revised Remuneration Payable to the Statutory Central & Branch Auditors of Public Sector Banks from the year 2012-13
Posted Date : 26-Jun-2013 , 07:58:21 am | Posted By: CASANSAAR
Please refer to the instruction contained in our circularDBS.ARS.No.BC. 08/08.92.001/2006-07 dated June 06, 2007,DBS.ARS.No.BC. 03/08.92.001/2007-08 dated July 25, 2007,DBS.ARS.No.BC. 07/08.92.001/2007-08 dated December 20, 2007 andDBS.ARS.No.BC. 09/08.92.001/2009-10 dated December 31, 2009 on the captioned subject. it has been decided to revise the remuneration payable to the statutory central and branch auditors of public sector banks from the year 2012-13.
Attached Letter of RBI.
...
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RBI |
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External Commercial Borrowings (ECB) in Renminbi (RMB)
Posted Date : 25-Jun-2013 , 10:53:42 pm | Posted By: Vinay Sharma
RBI/2012-13/546A.P. (DIR Series) Circular No. 117
June 25, 2013
To,
All Authorized Dealer Category - I Banks
Madam / Sir
External Commercial Borrowings (ECB) in Renminbi (RMB)
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 30 dated September 27, 2011on the captioned subject in terms of which Indian companies in the infrastructure sector are allowed to avail of ECB in Renminbi (RMB) under approval route subject to an annual cap of...
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External Commercial Borrowings (ECB) for Civil Aviation Sector
Posted Date : 25-Jun-2013 , 10:53:22 pm | Posted By: Vinay Sharma
RBI/2012-13/545A.P. (DIR Series) Circular No. 116
June 25, 2013
To,
All Authorized Dealer Category - I Banks
Madam / Sir
External Commercial Borrowings (ECB) for Civil Aviation Sector
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to theA.P. (DIR Series) Circular No. 113 dated April 24, 2012on the captioned subject.
2. In terms of paragraph 2 (iii) of the aforesaid circular, the ECB for working capital for civil aviation sector should be raised within twelve (1...
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Buyback / prepayment of Foreign Currency Convertible Bonds (FCCBs)
Posted Date : 25-Jun-2013 , 10:52:57 pm | Posted By: Vinay Sharma
RBI/2012-13/544A.P. (DIR Series) Circular No. 115
June 25, 2013
To,
All Authorized Dealer Category - I Banks
Madam / Sir
Buyback / prepayment of Foreign Currency Convertible Bonds (FCCBs)
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 39 dated December 08, 2008,A.P. (DIR Series) Circular No. 75 dated June 30, 2011andA.P. (DIR Series) Circular No. 1 dated July 05, 2012on the captioned subject.
2. Considering the developments in t...
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RBI |
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External Commercial Borrowings (ECB) Policy for 3G spectrum allocation
Posted Date : 25-Jun-2013 , 10:52:36 pm | Posted By: Vinay Sharma
RBI/2012-13/543A.P. (DIR Series) Circular No. 114
June 25, 2013
To,
All Authorized Dealer Category - I Banks
Madam / Sir
External Commercial Borrowings (ECB) Policy for 3G spectrum allocation
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 28 dated January 25, 2010relating to External Commercial Borrowings (ECB) for spectrum allocation.
2. As per the extant policy, the payment for spectrum allocation may initially be met out of t...
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RRBs - Lending against Gold
Posted Date : 25-Jun-2013 , 10:52:05 pm | Posted By: Vinay Sharma
RBI/2012-13/541RPCD. RRB. BC. No. 79/03.05.33/2012-13
June 25, 2013
All Regional Rural Banks
Dear Sir/Madam
Lending against Gold
Please refer toparagraph 98of the Monetary Policy Statement 2013-14 announced on May 3, 2013 on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing up to 50 gms.
2. As per extant instructions contained in our circular DBOD.Leg.BC.95/C.124 (P) - 78 dated July 22, 1978, RRBs sho...
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Acknowledgement by RRBs at the time of submission of Form 15-G / 15-H
Posted Date : 25-Jun-2013 , 10:51:35 pm | Posted By: Vinay Sharma
RBI/2012-13/542RPCD.CO.RRB.BC.No. 78/03.05.33/2012-13
June 24, 2013
All Regional Rural Banks
Dear Sir/Madam,
Acknowledgement by RRBs at the time of submission of Form 15-G / 15-H
As you are aware RRBs are not required to deduct TDS from depositors who submit declaration in Form 15-G/15-H under Income Tax Rules, 1962. However, it has been brought to our notice that despite submission of Form 15-G/15-H by customers, RRBs are deducting tax at source, at times, causing inconvenience to customer...
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Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions
Posted Date : 24-Jun-2013 , 09:46:05 pm | Posted By: Vinay Sharma
RBI/2012-13/540 DPSS (CO) PD No.2377/02.14.003/2012-13
June 24, 2013
The Chairman and Managing Director / Chief Executive Officers All 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 and Electronic Payment Transactions
A reference is invited to our circular dated September 22, 2011 on security issues ...
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RBI |
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External Commercial Borrowings (ECB) for the low cost affordable housing projects
Posted Date : 24-Jun-2013 , 09:45:10 pm | Posted By: Vinay Sharma
RBI/2012-13/539A.P. (DIR Series) Circular No. 113
June 24, 2013
ToAll Authorised Dealer Category –I Banks
Madam / Sir
External Commercial Borrowings (ECB) for the low cost affordable housing projects
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 61 dated December 17, 2012on the captioned subject in terms of which ECB for low cost affordable housing projects is allowed as a permissible end-use under the approval route.
...
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New sub-sector CRE (Residential Housing) within CRE and Rationalisation of provisioning, risk-weight and LTV ratios
Posted Date : 21-Jun-2013 , 10:20:31 pm | Posted By: Vinay Sharma
RBI/2012-13/538 DBOD.BP.BC.No. 104/08.12.015/2012-13
June 21, 2013
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir,
Housing Sector: New sub-sector CRE (Residential Housing) within CRE & Rationalisation of provisioning, risk-weight and LTV ratios
Please refer to paragraph 82 of the Monetary Policy Statement 2013-14 (extract enclosed) on ‘Commercial Real Estate - Residential Housing: Prudential Norms’, announced on May 3, 2013, wherein it was stated that a separate s...
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Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu of shortfall in achievement of priority sector lending targets/sub-targets
Posted Date : 20-Jun-2013 , 07:05:00 pm | Posted By: CASANSAAR
RBI/2012-13/536DBOD.BP.BC. No.103/21.06.001/2012-13
June 20, 2013
The Chairman and Managing Director/Chief Executive Officer ofAll Commercial Banks(excluding LABs and RRBs)
Dear Sir
Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu ofshortfall in achievement of priority sector lending targets/sub-targets
It has been observed that there is a lack of uniformity among banks in application of risk weights on claims on deposits placed with NABARD/SIDBI/NHB, in lieu of shortfall in ac...
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RBI |
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Prudential Norms for Off-balance Sheet Exposures of Banks
Posted Date : 18-Jun-2013 , 09:48:25 pm | Posted By: Vinay Sharma
RBI/2012-13/535DBOD.No.BP.BC.102/21.04.157/2012-13
June 18, 2013
The Chairman and Managing Directors/ Chief Executive Officers ofAll Scheduled Commercial Banks (excluding RRBs and LABs) &All India Term-Lending & Refinancing Institutions
Madam / Sir,
Prudential Norms for Off-balance Sheet Exposures of Banks – Deferment of Option Premium
Banks are permitted to defer, at their discretion, the premium on plain vanilla options sold by them to users subject to certain conditions wit...
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RBI |
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Review of Prudential Guidelines on Restructuring of Advances by Financial Institutions (FIs)
Posted Date : 17-Jun-2013 , 10:58:11 pm | Posted By: Vinay Sharma
RBI/2012-13/534DBOD.FID.FIC.No.5/01.02.00 /2012-13
June 17, 2013
The CEOs of All-India Term-Lending and Refinancing Institutions(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Review of Prudential Guidelines on Restructuring of Advancesby Financial Institutions (FIs)
In continuation of our letterDBOD.FID.FIC.No.6/01.02.00/2010-11 dated October 14, 2010on the captioned subject, please find enclosedcircular DBOD.BP.BC.No.99/ 21.04.132/2012-13 dated May 30, 2013and the Mail Box Clarification date...
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RBI |
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UCBs - Frauds- Classification and Reporting System
Posted Date : 17-Jun-2013 , 10:57:52 pm | Posted By: Vinay Sharma
RBI 2012-13/533UBD CO BPD (PCB) Cir. No. 56 /12.05.001/2012-13
June 13, 2013
Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Frauds- Classification and Reporting System
Please refer to ourMaster Circular UBD.CO.BPD. (PCB) MC No. 17/12.05.001/2012-13 dated July 02, 2012on the captioned subject.
2. As per para 3.3.1 of the above Master Circular, the cases of individual frauds involving amounts of Rs.25.00 lakh and above should be reported to Frauds Monitoring ...
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RBI issues notification to amend NBFC Prudential Norms Directions, 2007
Posted Date : 14-Jun-2013 , 10:14:02 pm | Posted By: Vinay Sharma
NON-BANKING FINANCIAL (NON-DEPOSIT ACCEPTING OR HOLDING) COMPANIES PRUDENTIAL NORMS (RESERVE BANK) DIRECTIONS, 2007 - AMENDMENT IN PARA 20A
NOTIFICATION NO.DNBS(PD).256/CGM (CRS) 2013,DATED 11-6-2013
The Reserve Bank of India, having considered it necessary in public interest and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies...
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UCBs - Fraud Monitoring Cell of Reserve Bank of India, to function from Bengaluru from July 1, 2013
Posted Date : 13-Jun-2013 , 04:48:23 pm | Posted By: Vinay Sharma
RBI/2012-13/531UBD.CO.BPD. (PCB). Cir. No. 55/12.05.001/2012-13
June 13, 2013
Chief Executive OfficersAll Primary Urban Co-operative Banks
Madam/Dear Sir
Fraud Monitoring Cell of Reserve Bank of India, to function from Bengaluru from July 1, 2013
Please refer to thePress Release No. 2012-2013/2045 dated June 5, 2013hosted on the RBI website.
2. It would be observed that the Fraud Monitoring Cell attached to the Department of Banking Supervision, Central Office (DBS, C.O.) will start operat...
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NBFCs - RBI
Posted Date : 13-Jun-2013 , 04:48:00 pm | Posted By: Vinay Sharma
RBI/2012-13/532DNBS (PD) CC.No.329 /03.10.42/2012-13
June 13, 2013
All NBFCs
Dear Sir/Madam,
RBI’s Fraud Monitoring Cell to function from Bengaluru from July 01, 2013
Attention is invited topara 3of Master Circular DNBS.(PD)CC.No.283/03.10.042/2012-13 dated July 2, 2012 on Reporting of Frauds to RBI.
2. The Reserve Bank of India’s Fraud Monitoring Cell attached to Department of Banking Supervision (DBS), Central Office has shifted from the present location at 2nd Floor, World T...
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NBFCs not to be Partners in Partnership Firms - Clarifications
Posted Date : 12-Jun-2013 , 07:42:32 am | Posted By: CASANSAAR
RBI/2012-13/525DNBS.PD/CC.No. 328/03.02.002/2012-13
June 11, 2013
All NBFCs
Dear Sir,
NBFCs not to be Partners in Partnership Firms- Clarifications
NBFCs were advised videCC No. 214/03.02.002/2010-11 dated March 30, 2011that they are prohibited from contributing capital to any partnership firm or to be partners in partnership firms. In cases of existing partnerships, NBFCs were advised to seek early retirement from the partnership firms.
2. In this connection certain clarifications are bei...
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Ready Forward Contracts in Corporate Debt Securities
Posted Date : 10-Jun-2013 , 03:25:55 pm | Posted By: Vinay Sharma
RBI/2012-2013/525 UBD.BPD. (SCB). Cir.No. 4 /16.20.000/2012-13
June 10, 2013
The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Ready Forward Contracts in Corporate Debt Securities
Please refer to paragraph 77 of the Second Quarter Review of Monetary Policy 2012-13 (extract enclosed) andcircular No.IDMD.PCD.1423/14.03.02/2012-13 dated October 30, 2012(copy enclosed) in terms of which it has been dec...
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RBI |
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Legal Audit of title documents in respect of large value loan accounts
Posted Date : 07-Jun-2013 , 06:20:25 pm | Posted By: Vinay Sharma
RBI /2012-13/524DBS.FrMC.BC.No.7/23.04.001/2012-13
June 07, 2013
The Chairmen & Chief Executive Officers of allScheduled Commercial Banks (excluding RRBs)and All India Select Financial Institutions
Dear Sir/Madam,
Legal Audit of title documents in respect of large value loan accounts
Please refer to para 3.1 of ourcircular DBS.CO. FrMC. BC .No. 11/ 23.0.001/ 2010-11 dated June 30, 2011requiring banks to put in place a system wherein the concurrent auditors were required to look into and...
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KYC/AML/CFT Guidelines - Unique Customer Identification Code (UCIC) for banks
Posted Date : 07-Jun-2013 , 01:02:00 pm | Posted By: Vinay Sharma
RBI/2012-13/523
UBD.BPD (PCB) Cir. No. 54/14.01.062/2012-13
June 6, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combatingof Financing of Terrorism (CFT) Guidelines - Unique CustomerIdentification Code (UCIC) for banks’ customers in India – Primary (Urban) Co-operative Banks
Please refer to ourcircular UBD.BPD (PCB) Cir. No. 14/ 14.01.062/2012-13 October 9, 2012on the captioned subjec...
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Lending against gold
Posted Date : 07-Jun-2013 , 12:59:38 pm | Posted By: Vinay Sharma
RBI/2012-13/522RPCD.CO.RCB.BC.No. 77 /07.51.014/2012-13
June 06, 2013
The CEOs of all State and Central Co-operative Banks
Dear Sir,
Lending against gold
Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing up to 50 grams.
2. State/Central co-operative banks are currently permitted to gran...
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Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks
Posted Date : 04-Jun-2013 , 08:14:56 pm | Posted By: Vinay Sharma
RBI/2012-13/521RPCD.RCB.RRB.AML.BC.No. 76/07.51.018/2012-13
June 04, 2013
The Chairmen / CEOs of all Regional Rural Banks /State and Central Co-operative Banks
Dear Sir,
Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combatingof Financing of Terrorism (CFT) Guidelines - Unique CustomerIdentification Code (UCIC) for banks’ customers in India
Please refer to ourcircular
RPCD.CO.RRB.RCB.AML.BC.No.82/03.05.33(E)/2011-12 dated June 11, 2012,on the captioned subject, advising banks ...
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RBI |
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Interest Rates on Rupee Export Credit -UCBs
Posted Date : 04-Jun-2013 , 04:18:33 pm | Posted By: Vinay Sharma
RBI/2012-13/519UBD.BPD. (AD) Cir.No.4/13.05.000/2012-13
June 4 , 2013
The Chief Executive OfficerScheduled Primary (Urban) Co-operative Banks(holding AD Category I licence)
Dear Sir/Madam
Interest Rates on Rupee Export Credit -UCBs
Please refer to ourcircular UBD.BPD.(AD).Cir.No.2/13.05.000/2012-13 dated January 22, 2013on the captioned subject, extending the interest subvention of 2% up to March 31, 2014 on pre and post shipment rupee export credit to specified export sectors.
2. The Gove...
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RBI |
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Implementation of Section 51-A of UAPA, 1967
Posted Date : 03-Jun-2013 , 05:58:54 pm | Posted By: Vinay Sharma
RBI/2012-2013/518UBD.BPD (PCB) Cir. No. 52 /14.01.062/2012-13
May 31, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267 (1999) /1989 (2011) Committee’s Al-Qaida Sanctions List and Consolidated List – Primary (Urban) Co-operative Banks
Please refer to ourcircular UBD. BPD. (PCB) Cir. No. 47/ 14.01.062/ 2012-13 dated April 4, 2013on the captioned subject. We have s...
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