| Notifications/Circulars |
Category : RBI |
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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 ...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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 (...
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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...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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...
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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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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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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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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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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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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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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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