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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...
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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...
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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 ...
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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, ...
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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 ...
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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...
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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...
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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...
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Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013
Posted Date : 04-May-2013 , 01:26:12 pm | Posted By: CA. KRISHAN KUMAR SAINI
Bank Rate
RBI/2012-13/491UBD.BPD.(PCB).Cir. No. 48 /16.11.00/2012-13
May 3, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Bank Rate
Please refer to ourcircular UBD.BPD.(PCB).Cir.No.44/16.11.00/2012-13dated March 19, 2013on the captioned subject. As announced in theMonetary Policy Statement for 2013-14, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013.
2. All pena...
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Bank Rate
Posted Date : 04-May-2013 , 07:28:26 am | Posted By: CASANSAAR
RBI/2012-13/488DBOD.No.Ret.BC.91 /12.01.001/2012-13
May 3, 2013
All Scheduled Commercial Banks& Local Area Banks
Dear Sir,
Bank Rate
As announced in theAnnual Monetary Policy Statement 2013-14, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013.
2. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated inAnnex.
3. Please acknowledge rec...
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Priority Sector Lending - Targets and Classification
Posted Date : 04-May-2013 , 07:24:22 am | Posted By: CASANSAAR
RBI/2012-13/487RPCD.CO.Plan. BC 72/04.09.01/2012-13
May 03, 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 – Revision of Limits
Please refer toparagraph 65of the Monetary Policy Statement for the year 2013-14. The following limits under priority sector stand revised upward with effect from April 01, 2013.
1. Agriculture
(i) The limit of loan...
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Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 04-May-2013 , 07:23:29 am | Posted By: CASANSAAR
RBI/2012-13/490MPD No.BC. 364/07.01.279/2012-13
May 3, 2013
ToAll Scheduled Banks [excluding Regional Rural Banks(RRBs) ]and Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facilities forBanks and Primary Dealers
Please refer to theMonetary Policy Statement 2013-14 dated May 3, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 7.50 per cent to 7.25 per cent with immediate effect.
2. Accordingly, the Standing Liqu...
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Investment by Navratna Public Sector Undertakings (PSUs), OVL and OIL in unincorporated entities in oil sector abroad
Posted Date : 23-Apr-2013 , 08:49:42 pm | Posted By: CASANSAAR
RBI/2012-13/480A.P. (DIR Series) Circular No. 99
April 23, 2013
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
Investment by Navratna Public Sector Undertakings (PSUs), OVL and OIL in unincorporated entities in oil sector abroad
Attention of the Authorised Dealer (AD - Category I) banks is invited to theNotification No. FEMA.120/RB-2004 dated July 7, 2004[Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004] (the Notification), as amended fro...
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Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 18-Apr-2013 , 08:52:09 pm | Posted By: CASANSAAR
RBI/2012-13/478DNBS(PD).CC.No 323/03.10.42/2012-13
April 18, 2013
All Non Banking Financial Companies excludingResiduary Non Banking Companies
Dear Sir/Madam,
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Please refer toDNBS (PD).CC.No.319/03.10.42/ 2012-13 dated December 28, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has updated its Statement on February 22, 20...
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Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH)
Posted Date : 16-Apr-2013 , 09:50:06 pm | Posted By: CASANSAAR
RBI 2012-13/ 476DBOD.No.BP.BC-90/21.04.048/2012-13
April 16, 2013
The Chairman and Managing Director/Chief ExecutiveOfficer ofAll Scheduled Commercial Banks (excluding RRBs & LABs)
Dear Sir,
Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) – Risk Weights and Provisioning
The Ministry of Housing & Urban Poverty Alleviation, Government of India has set up the CRGFTLIH vide their Notification No.O-17034/122/2009-H dated June 21, ...
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Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT)
Posted Date : 04-Apr-2013 , 07:20:17 pm | Posted By: CASANSAAR
RBI/2012-13/470UBD.BPD (AD) Cir.No. 3/14.01.062/2012-13
April 4, 2013
The Chief Executive Officer ofAll 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. 1/14.01.062/2012-13 dated August 3, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financi...
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- KYC Norms/Anti-Money Laundering Measures/Combating Financing of Terrorism/Obligations of Banks under PMLA, 2002
Posted Date : 03-Apr-2013 , 07:09:05 pm | Posted By: CASANSAAR
RBI/2012-13/469UBD.BPD (PCB) Cir. No.46 /14.01.062/2012-13
April 3, 2013
The Chief Executive Officer ofAll Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Measures/Combating of Financing of Terrorism (CFT) / Obligations of banks under Prevention of Money Laundering Act (PMLA), 2002 – Simplifying norms for Self Help Groups - Primary (Urban) Co-operative Banks
Please refer to ourcircular UBD.BPD (PCB) Cir. No. 28/14...
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Unsecured Exposure Norms for UCBs
Posted Date : 03-Apr-2013 , 07:07:20 pm | Posted By: CASANSAAR
RBI/2012-13/468UBD.BPD.(PCB) Cir No.45 /13.05.000/2012-13
03 April 2013
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Unsecured Exposure Norms for UCBs
Please refer to our circular No. UBD.BPD.(PCB) Cir No.21/13.05.000/2010-11 dated November 15, 2010 on ‘Maximum Limit on Unsecured Loans and Advances’ prescribing that the total unsecured loans and advances granted by a UCB to its members should not exceed 10 per cent of its total a...
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New Capital Adequacy Framework - Non-market related Off Balance Sheet Items- Bank Guarantees
Posted Date : 02-Apr-2013 , 06:40:51 pm | Posted By: CASANSAAR
RBI/2012-13/467DBOD.No.BP.BC.89.21.04.009/2012-13
April 02, 2013
All Scheduled Commercial Banks(Excluding Local Area Banks & Regional Rural Banks)
Dear Sir/ Madam,
New Capital Adequacy Framework-Non-market related Off Balance Sheet Items- Bank Guarantees
Please refer to theMaster Circular DBOD.No.BP.BC.16/21.06.001/2012-13 dated July 2, 2012on ‘Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF)’. Paragraph 5.15.2(...
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Know Your Customer (KYC) norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA)
Posted Date : 01-Apr-2013 , 05:43:26 pm | Posted By: CASANSAAR
RBI/2012-13/461RPCD.RCB.RRB.AML.BC.No.71/07.51.018/2012-13
April 01, 2013
The Chairmen / CEOs of all Regional Rural Banks /State and Central Co-operative Banks
Dear Sir,
Know Your Customer (KYC) norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying norms for Self Help Groups
Please refer to ourcircular RPCD.CO.RRB.RCB.AML.No.6097/7.51.018/2012-13 dated December...
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Guidelines on Implementation of Basel III Capital Regulations in India - Clarifications
Posted Date : 29-Mar-2013 , 08:37:25 pm | Posted By: Vinay Sharma
RBI/2012-13/460DBOD.No.BP.BC.88/21.06.201/2012-13
March 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 Implementation of Basel III Capital Regulations in India - Clarifications
Please refer to the ‘Guidelines on Basel III Capital Regulations’ issued videcircular DBOD.No.BP.BC.98/21.06.201/2011-12 dated May 2, 2012on the implementation of Base...
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Know Your Customer Norms /Anti-Money Laundering Standards/Combating Financing of Terrorism/Obligation of Banks under PMLA, 2002 - Simplifying Norms for Self Help Groups
Posted Date : 28-Mar-2013 , 07:10:37 pm | Posted By: Vinay Sharma
RBI/2012-13/459DBOD.AML.BC. No.87/14.01.001/2012-13
March 28, 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)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying norms for Self Help Groups
Please refer to ourcircular DBOD.AML.BC. No. 65/14.01.001/ 2012-13 ...
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Public Provident Fund Scheme, 1968 (PPF, 1968) and Senior Citizens Savings Scheme, 2004 (SCSS, 2004) - Revision of interest rates
Posted Date : 28-Mar-2013 , 07:10:13 pm | Posted By: Vinay Sharma
RBI/2012-13/458DGBA.CDD. No. H- 5603 /15.02.001/2012-13
March 28, 2013
The Chairman and Managing Director/Managing DirectorHead Office, Government Accounts DepartmentState Bank of India/State Bank of Patiala/State Bank of Bikaner & Jaipur / State Bank of Travancore/State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/Allahabad Bank/Bank of Baroda/Bank of India/Bank of Maharashtra/Canara Bank/Central Bank of India/Corporation Bank/Dena Bank/Indian Bank/Indian Overseas Bank/Punjab Nat...
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Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934
Posted Date : 23-Mar-2013 , 12:08:01 pm | Posted By: Vinay Sharma
RBI/2012-13/457Ref: DBOD. No.Ret. BC.86/12.07.136/2012-13
March 22, 2013
All Scheduled Commercial Banks
Dear Sir,
Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Westpac Banking Corporation
We advise that the name of “Westpac Banking Corporation" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DBOD.IBD.No.8297/23.13.138/2012-13 dated December 10, 2012, published in the Gazette of India (Part III –...
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Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934
Posted Date : 23-Mar-2013 , 12:07:34 pm | Posted By: Vinay Sharma
RBI/2012-13/456Ref: DBOD. No.Ret. BC. 85/12.07.137/2012-13
March 22, 2013
All Scheduled Commercial Banks
Dear Sir,
Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Sumitomo Mitsui Banking Corporation
We advise that the name of “Sumitomo Mitsui Banking Corporation" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DBOD.IBD.No.9808/23.13.155/2012-13 dated January 09, 2013, published in the Gazette of India (...
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Priority Sector Lending - Treatment of Contingent Liabilities
Posted Date : 23-Mar-2013 , 12:07:08 pm | Posted By: Vinay Sharma
RBI/2012-13/455RPCD.CO.Plan. BC 70/04.09.01/2012-13
March 22, 2013
The Chairman/ Managing Director/Chief Executive Officer[All scheduled commercial banks(excluding Regional Rural Banks)]
Madam/Dear Sir,
Priority Sector Lending-Treatment of Contingent Liabilities – Clarifications
It has come to notice that some banks have included contingent liabilities/off-balance sheet items as part of priority sector target achievement. In this connection, we clarify that this is not in conformity...
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Clearing operations on March 29, 30 and 31, 2013
Posted Date : 22-Mar-2013 , 02:07:51 pm | Posted By: Vinay Sharma
RBI/2012-13/454DPSS.CO.CHD.No./1674/ 03.01.03/2012-2013
March 21, 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,
Clearing operations on March 29, 30 and 31, 2013
With a view to facilitate accounting of all the Government transactions for the current financial year (2012-2013) by March 31, 2013, it has bee...
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Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2012-13)
Posted Date : 21-Mar-2013 , 06:38:51 pm | Posted By: Vinay Sharma
RBI/2012-13/453DGBA.GAD.No.H - 5486/42.01.029/2012-13
March 21, 2013
The Chairman & Managing Director/The Chief Executive OfficerAll Agency Banks
Dear Sir/Madam,
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2012-13)
We have been requested by the Government of India and some State Governments to facilitate collection and accounting of all Government tax receipts for the current financial year (201...
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Lead Bank scheme - Strengthening of Management Information System (MIS)
Posted Date : 19-Mar-2013 , 08:06:39 pm | Posted By: Vinay Sharma
RBI/2012-13/450RPCD. CO.LBS. BC. No. 68/02.01.001/2012-13
March 19, 2013
The Chairmen and Managing DirectorsSLBC Convenor banks/ Lead Banks
Dear Sir,
Lead Bank scheme - Strengthening of Management Information System (MIS)
As you are aware that priority sector guidelines are being revised from time to time, the last major revision done in the year 2012. However, Annual Credit Plans of States and Districts continue to be prepared based on the old sub sector classification of Agriculture, SS...
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Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 19-Mar-2013 , 06:01:14 pm | Posted By: Vinay Sharma
RBI/2012-13/446MPD.BC.362/07.01.279/2012-13
Phalguna 28, 1934 (S)March 19, 2013
To
All Scheduled Banks [excluding Regional Rural Banks(RRBs) ]and Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facilities forBanks and Primary Dealers
Please refer to theMid Quarter Monetary Policy Review: March 2013 dated March 19, 2013,in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 7.75 per cent to 7.50 per cent with immediate eff...
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