| Notifications/Circulars |
Category : RBI |
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 882
|
 |
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 794
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 852
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 858
|
|
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 ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 821
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1040
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 806
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 822
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 833
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 790
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1457
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 931
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 721
|
|
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 ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 838
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 733
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 739
|
|
NBFC-MFIs
Posted Date : 01-Jun-2013 , 06:24:11 pm | Posted By: Vinay Sharma
RBI/2012-13/517DNBS (PD) CC.No.327/03.10.038/2012-13 May 31, 2013All NBFCs
Dear Sir,‘Non Banking Financial Company-Micro Finance Institutions’ (NBFC-MFIs) – Directions – Modifications in Pricing of Credit - Margin capAttention is invited to para 6 ofDNBS.(PD)CC.No.300/03.10.38/2011-12 dated August 3, 2012modifying inter alia the pricing of credit as given inDNBS.CC.PD.No.250/03.10.01/2011-12 dated December 2, 2011. On a review, ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 790
|
|
KYC/AML/CFT Guidelines - Unique Customer Identification Code for banks
Posted Date : 31-May-2013 , 06:27:12 pm | Posted By: Vinay Sharma
RBI/2012-13/515DBOD. AML.BC. No. 101/14.01.001/2012-13
May 31, 2013
The Chairmen / CEOs of all Scheduled Commercial Banks(Excluding RRBs)/Local Area Banks / All India Financial Institutions
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 DBOD. AML.BC. No.109/14.01.001/2011-12 dated June 08, 2012, on the captioned subje...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1119
|
|
Acknowledgement by banks at the time of submission of Form 15-G / 15-H
Posted Date : 31-May-2013 , 06:26:47 pm | Posted By: Vinay Sharma
RBI/2012-13/516DBOD.No.Leg.BC.100/09.07.005/2012-13
May 31, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam,
Acknowledgement by banks at the time of submission of Form 15-G / 15-H
As you are aware banks 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, banks are deducting tax at source, at times, causing inc...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 937
|
|
Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions
Posted Date : 31-May-2013 , 07:38:18 am | Posted By: CASANSAAR
RBI/2012-13/514DBOD.BP.BC.No. 99/21.04.132/2012-13
May 30, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions
As indicated in paragraph 81 (extract enclosed) of the Monetary Policy Statement 2013-14 announced on May 3, 2013, ‘Prudential guidelines on restructuring of advances by banks / financial institutions’ have been revised taking into account the recommendations of th...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1040
|
|
Guidelines on Composition of Capital Disclosure Requirements
Posted Date : 29-May-2013 , 07:12:01 am | Posted By: CASANSAAR
RBI/2012-13/512DBOD.No.BP.BC.98/21.06.201/2012-13
May 28, 2013
The Chairman and Managing Directors/Chief Executives Officers ofAll Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Madam / Sir,
Guidelines on Composition of Capital Disclosure Requirements
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 composition of capital disclosure...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 787
|
|
Branch Authorisation Policy- Front Loading of branches in unbanked rural centres
Posted Date : 29-May-2013 , 07:10:57 am | Posted By: CASANSAAR
RBI/2012-13/511DBOD.NO.BAPD.BC. 97/22.01.001/2012-13
May 28, 2013Jyeshtha 7, 1934 (Saka)
All Domestic Scheduled Commercial Banks(excluding RRBs)
Madam/Dear Sir,
Branch Authorisation Policy- Front Loading of branches in unbanked rural centres
Please refer to paragraph 96 of Monetary Policy Statement 2013-14 (extract enclosed) on the above subject. As stated therein, branch expansion in rural areas is essential to address the existing asymmetries in achieving financial inclusion.
2. With the...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 883
|
|
NBFCs finance for Purchase of Gold
Posted Date : 27-May-2013 , 08:34:54 pm | Posted By: CASANSAAR
RBI/2012-13/510DNBS.CC.PD.No.326/03.10.01/2012-13
May 27, 2013
ToAll NBFCs
Dear Sir,
NBFCs finance for Purchase of Gold
In terms of extant guidelines issued vide circular DNBS.CC.PD.No.265/03.10.001/2012-13 dated March 21, 2013 no advances should be granted by NBFCs against bullion / primary gold and gold coins.
2.It is clarified that no advances should be granted by NBFCs for purchase of gold in any form, including primary gold, gold bullion, gold jewellery, gold coins, units of gold Exch...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 816
|
|
Lending against Gold
Posted Date : 27-May-2013 , 08:34:05 pm | Posted By: CASANSAAR
RBI/2012-13/509DBOD. No. Dir. BC. 96/13.03.00/2012-13
May 27, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir/Madam
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 gms.
2. As per extant instructions contained in our circular DBOD.Leg.BC.95/ C...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 890
|
|
Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Parallel Run and Prudential Floor
Posted Date : 27-May-2013 , 08:33:05 pm | Posted By: CASANSAAR
RBI/2012-13/508DBOD.BP.BC. No.95/21.06.001/2012-13
May 27, 2013
The Chairman and Managing Director/Chief Executive Officer ofAll Scheduled Commercial Banks(excluding LABs and RRBs)
Dear Sir
Prudential Guidelines on Capital Adequacy and Market Discipline -New Capital Adequacy Framework (NCAF) - Parallel Run and Prudential Floor
Please refer to ourcircular DBOD.BP.BC.No.71/21.06.001/2010-11 dated December 31, 2010on the above subject, in terms of which banks were advised to continue with the ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 818
|
|
Annual Business Plan
Posted Date : 24-May-2013 , 08:07:33 pm | Posted By: CASANSAAR
RBI/2012-13/506UBD.CO.LS.(PCB).Cir. No. 50/07.01.000/2012-13
May 24, 2013
Chief Executive Officers ofall Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Annual Business Plan – Elimination of requirement to submit proposal in duplicate
Please refer to ourcircular UBD.CO.LS.Cir.No.52/07.01.000/2007-08 dated June 16, 2008where in Financially Sound and Well Managed (FSWM) UCBs were required to prepare Annual Business Plan (ABP) for opening of branches / extension counters, ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 793
|
|
Frauds
Posted Date : 24-May-2013 , 08:06:11 pm | Posted By: CASANSAAR
RBI/2012-13/505DBS.FrMC.BC.No. 6/23.04.001/2012-13
May 23, 2013
The Chairmen & Chief Executive Officers of allScheduled Commercial Banks (excluding RRBs)and All India Select Financial Institutions
Dear Sir,
Frauds – Classification and Reporting
Please refer to Para 3.1.3 ofcircular DBS. FrMC. BC. No. 1/23.04.001/2012-13 dated July 02, 2012i.e. the Master Circular on 'Frauds – Classification and Reporting' which requires commercial banks to furnish in hard copies ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 963
|
|
SLR Holdings under Held to Maturity Category
Posted Date : 16-May-2013 , 08:07:13 am | Posted By: CASANSAAR
RBI/2012-13/501DBOD.No.BP.BC.92/21.04.141/2012-13
May 15, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Monetary Policy Statement 2013-14 –SLR Holdings under Held to Maturity Category
Please refer to paragraph 84 of the Monetary Policy Statement 2013-14 (extract enclosed) announced on May 3, 2013 on ‘SLR Holdings under Held to Maturity Category’.
2. In terms of ourcircular No.DBOD.BP.BC.37/21.04.141/2004-05 dated September 2, 2004on Prudential Norms on Cla...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 776
|
|
Submission of Undertaking: Renewal of Authorisation
Posted Date : 08-May-2013 , 11:20:37 pm | Posted By: CASANSAAR
RBI/2012-13/494IDMD.PDRD.No. 3089/03.64.027/2012-13
May 08, 2013
All the Primary Dealers
Dear Sir/Madam,
Submission of Undertaking: Renewal of Authorisation
In terms of Para 1.4 of Section I (for standalone PDs) / Para 2.3 of Section II (for Bank-PDs) of the Operational Guidelines to Primary Dealers dated July 02, 2012; the PDs are required to have a standing arrangement with RBI based on the execution of an undertaking in the prescribed format and an authorization letter issued by RBI each...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 808
|
|
Delay in re-presentation of technical return cheques and levy of charges for such returns
Posted Date : 08-May-2013 , 11:19:44 pm | Posted By: CASANSAAR
RBI/2012-13/493DPSS.CO.CHD.No. 2030/03.06.01/2012-2013
May 7, 2013
The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including RRBs /Local Area BanksUrban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks
Madam / Dear Sir,
Delay in re-presentation of technical return cheques and levy of charges for such returns
As you are aware, banks are expected to indicate the timeline for realisation of local/outstation cheques in...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 868
|
|
|
|
|
