| Notifications/Circulars |
Category : RBI |
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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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RBI |
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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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RBI |
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Liquidity Adjustment Facility and Marginal Standing Facility
Posted Date : 19-Mar-2013 , 06:00:52 pm | Posted By: Vinay Sharma
RBI/2012-2013/448FMD.MOAG No. 77 /01.01.001/2012-13
March 19, 2013
All Scheduled Commercial Banks (excluding RRBs)and Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility and Marginal Standing Facility
Please refer to Reserve Bankcirculars IDMD.OMO No.08/03.75.00/2004-05 dated October 27, 2004,FMD.MAOG.No.13/01.01.001/2006-07 dated March 30, 2007andFMD.No.59/01.18.001/2010-11 dated May 9, 2011.
2. As you may be aware, the margin requirements under the Liquidity Adjustment Facility ...
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Liquidity Adjustment Facility
Posted Date : 19-Mar-2013 , 06:00:26 pm | Posted By: Vinay Sharma
RBI/2012-2013/447FMD.MOAG. No. 76 /01.01.01/2012-13
March 19, 2013
All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility – Repo and Reverse Repoand Marginal Standing Facility Rates
As announced today in theMid-Quarter Review of the Monetary Policy 2012-13, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 7.75 per cent to7.50 per centwith immediate effect.
2. Con...
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RBI |
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Prudential norms on Advances to Infrastructure Sector
Posted Date : 18-Mar-2013 , 09:31:12 pm | Posted By: Vinay Sharma
RBI/2012-13/445DBOD.BP.BC.No. 83/08.12.014/2012-13
March 18, 2013
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Prudential norms on Advances to Infrastructure Sector
In terms of ourcircular DBOD.No.BP.BC.125/21.04.048/2008-09 dated April 17, 2009on ‘Prudential Norms on Unsecured Advances’ rights, licenses, authorization, etc., charged to the banks as collateral in respect of projects (including infrastructure projects) should not be reckoned as tangible security. Howe...
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Standardization and Enhancement of Security Features in Cheque Forms/Migrating to CTS 2010 standards
Posted Date : 18-Mar-2013 , 07:06:32 pm | Posted By: Vinay Sharma
RBI/2012-13/444DPSS.CO.CHD.No. 1622/04.07.05/2012-13
March 18, 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
A reference is invited to ourcircular DPSS.CO.CHD.No. 955/04.07.05/2012-13 dated December 14, 20...
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RBI |
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Discontinuation of CFMS
Posted Date : 15-Mar-2013 , 09:51:01 pm | Posted By: Vinay Sharma
RBI/2012-13/442DPSS (CO) No. 1594/04.08.002/2012-13
March 15, 2013
The Chariman / Managing Director /Chief Executive Officer
All CFMS Member Banks
Madam / Sir,
Discontinuation of CFMS
As you are aware, funds transfer through Centralised Funds Management System (CFMS) has been discontinued with effect from January 1, 2013. The access to CFMS information and data would be available up to March 31, 2013 to the member banks.
The facility of CFMS Helpdesk services and access to CFMS informat...
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RBI |
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Collection of Information on Customer Grievances
Posted Date : 14-Mar-2013 , 11:14:11 pm | Posted By: Vinay Sharma
RBI/2012-13/441DPSS.CO.OSD. No.1604 /06.06.005/2012- 13
March 14, 2013
To
All entities authorised to issue pre-paid payment instruments in India.
Dear Sir,
Collection of Information on Customer Grievances
All entities authorised for issuance of prepaid payment instruments in India are advised to submit the data related to customer grievances received and resolved, on a quarterly basis, in the attached excel formats. It may please be ensured that theformatgiven is strictly adhered to whil...
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RBI |
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Scheme for Collection of Dues of (i) CBDT (ii) CBEC (iii) DM Account - Reporting and Accounting of March Transactions - Special Arrangements
Posted Date : 14-Mar-2013 , 11:13:36 pm | Posted By: Vinay Sharma
RBI/2012-13/440DGBA.GAD.No.H - 5353/42.01.029/2012-13
March 14, 2013
The Chairman & Managing Director /The Chief Executive OfficerAll Agency Banks
Dear Sir / Madam,
Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2012-13
Please refer toCircular DGBA.GAD.No.H.6160/42.01.029/2011-12 dated March 19, 20...
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RBI |
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Implementation of Core Banking Solutions by UCBs
Posted Date : 13-Mar-2013 , 07:08:43 pm | Posted By: Vinay Sharma
RBI/2011-12/437UBD.BPD.(PCB). Cir.No. 42/09.18.300/2011-12
March 13, 2013
The Chief Executive Officers ofAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Implementation of Core Banking Solutions (CBS) by Urban Co-operative Banks (UCBs)
The usage of Information Technology (IT) is critical for the survival and growth of banking institutions as IT usage not only helps banks to reduce their cost of operations, but also enables them to offer products and services at competitive rates t...
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RBI |
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Money Transfer Service Scheme
Posted Date : 13-Mar-2013 , 04:47:12 pm | Posted By: Vinay Sharma
RBI/2012-13/436 A.P. (DIR Series) Circular No. 89
March 12, 2013
To
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme
Madam / Sir,
Money Transfer Service Scheme – Revised Guidelines
Attention of all Authorised Persons (APs), who are Indian Agents under the Money Transfer Service Scheme (MTSS) is invited to the Notification dated June 4, 2003 on MTSS, as amended from time to time and the specific permission accorded to them under FEMA, 1999 by the Res...
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Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 11-Mar-2013 , 06:45:29 pm | Posted By: Vinay Sharma
RBI/2012-13/434DBOD. AML.No. 12913/14.01.001/2012-13
March 11, 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.8422/14.01.001/ 2012-13 dated December 12, 2012on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Action Task Force (FATF) has ...
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RBI |
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Frauds- Classification and Reporting
Posted Date : 11-Mar-2013 , 01:58:07 pm | Posted By: Vinay Sharma
RBI/2012-13/433UBD CO BPD (PCB) Cir. No.41/12.05.001/2012-13
March 08, 2013
Chief Executive Officer ofAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Frauds- Classification and Reporting
Please refer to ourMaster Circular UBD.CO.BPD. (PCB) MC No. 17/12.05.001/2012-13 dated July 02, 2012advising the consolidation of our updated instructions/ guidelines on the captioned subject.
2. As per para 3.5 of the above Master Circular, cases of attempted fraud, where likely loss would have...
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RBI |
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Performance Audit Of Agricultural Debt Waiver And Debt Relief Scheme, 2008
Posted Date : 07-Mar-2013 , 08:00:48 pm | Posted By: Vinay Sharma
RBI/2012-13/432UBD.BPD (PCB) Cir. No.40/13.05.000/2012-13
March 7, 2013
The Chief Executive Officersof All Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Performance Audit Of Agricultural Debt Waiver And Debt Relief Scheme, 2008
Please refer to ourCircular UBD. BPD (PCB) Cir. No. 31/13.05.000/2012-13 dated January 15, 2013on the above subject. Considering the serious nature of observations made by the Comptroller and Auditor General, it has been, inter alia, desired by the Government ...
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RBI |
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KYC Norms/AML Measures/CFT/ Obligations of banks under PMLA, 2002
Posted Date : 07-Mar-2013 , 07:05:21 pm | Posted By: Vinay Sharma
RBI/2012-13/431UBD.BPD (PCB) Cir. No. 39/14.01.062/2012-13
March 7, 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 – Primary (Urban) Co-operative Banks
Please refer to ourcircular UBD.BPD (PCB) Cir. No. 28/14.01.062/2012-13 dated December 19, 2012on simplif...
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RBI |
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Performance Audit of Agricultural Debt Waiver and Debt Relief Scheme, 2008
Posted Date : 06-Mar-2013 , 08:10:21 pm | Posted By: Vinay Sharma
RBI/2012-13/430RPCD.CO.FSD. No. BC. 67/05.04.02/2012-13
March 6, 2013
The Chairman/ Managing Director/Chief Executive OfficerAll scheduled commercial banks & Local Area Banks
Madam/Dear Sir,
PERFORMANCE AUDIT OF AGRICULTURAL DEBT WAIVER AND DEBT RELIEF SCHEME, 2008
Please refer to ourCircular RPCD.CO.FSD. No. BC.58/05.04.02/2012-13 dated January 14, 2013on the above subject. Considering the serious nature of observations made by the Comptroller and Auditor General, it has been, inter ...
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RBI |
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Branch Authorisation Policy - Information to be submitted by banks
Posted Date : 04-Mar-2013 , 07:37:32 pm | Posted By: Vinay Sharma
RBI/2012-13/427 DBOD.No.BAPD.BC.82/22.01.001/2012-13
March 4, 2013 Phalguna 13 , 1934 (Saka)
All Domestic Scheduled Commercial Banks (excluding RRBs)
Madam / Dear Sir,
Branch Authorisation Policy - Information to be submitted by banks along with Annual Branch Expansion Plan (ABEP)
Please refer to ourcircular DBOD. No. BL. BC. 24/22.01.001/2011-12 dated July 15, 2011, wherein banks were advised, inter alia that branch authorisation would be based on critical assessment of bank’s perf...
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Formation of four new districts in Tripura State - Assignment of Lead Bank responsibility
Posted Date : 02-Mar-2013 , 12:32:48 pm | Posted By: Vinay Sharma
RBI/2012-13/425RPCD.CO.LBS.BC.No.66 /02.08.001/2012-13
March 1, 2013
The Chairmen & Managing Directors All Lead Banks
Dear Sir,
Formation of four new districts in Tripura State-Assignment of Lead Bank responsibility
The Revenue Department, Government of Tripura vide their Gazette Notifications No.F.4 (62)-RCC/11 dated November 8, 2011 have notified the formation of four new districts in the State of Tripura viz. Khowai, Sepahijala, Gomati and Unakoti. It has been decided to assign the...
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RBI |
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Security and Risk Mitigation Measures for Electronic Payment Transactions
Posted Date : 28-Feb-2013 , 09:38:46 pm | Posted By: Vinay Sharma
RBI/2012-13/424DPSS (CO) PD No.1462/02.14.003 / 2012-13
February 28, 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/Authorised Card Payment Networks
Madam / Dear Sir,
Security and Risk Mitigation Measures for Electronic Payment Transactions
Payments effected through alternate payment products/channels are becoming popular among the cus...
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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
Posted Date : 27-Feb-2013 , 07:51:48 pm | Posted By: Vinay Sharma
RBI/2012-13/422DNBS (PD).CC. No 321 /03.10.42 /2012-13
February 27, 2013
All Non Banking Financial Companies /Residuary Non Banking Companies
Dear Sir/Madam,
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
Please refer to para 2.II (Annex VI para 3) ofMaster Circular DNBS (PD).CC.No.285/03.10.42/ 2012-13 dated July 2, 2012on Know Your Customer (KYC) n...
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RBI |
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Change in SLBC responsibility for Jharkhand from Allahabad bank to Bank of India
Posted Date : 27-Feb-2013 , 07:49:38 pm | Posted By: Vinay Sharma
RBI/2012-13/421RPCD.CO.LBS.BC. No. 65 /02.13.001/2012-13
February 27, 2013
The Chairmen and Managing DirectorsSLBC Convenor banks
Dear Sir,
Change in SLBC responsibility for Jharkhand from ALLAHABAD BANK to BANK OF INDIA
It has been decided to change the responsibility of State Level Bankers' Committee (SLBC) Convenor bank for the State of Jharkhand from Allahabad Bank to Bank of India. Accordingly, it may kindly be noted that SLBC Convenor bank for the State of Jharkhand would be Bank o...
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KYC Norms /AML Measures - CFT/ Obligations of Banks PMLA, 2002
Posted Date : 26-Feb-2013 , 12:44:09 pm | Posted By: Vinay Sharma
RBI/2012-13/420UBD CO PCB Cir.No.37/14.01.062/2012-13
February 25, 2013
The Chief Executive OfficerAll Primary (Urban) Co-operative Banks
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
Please refer to the guidelines on KYC and Cash Transactions issued vide ourcircular UBD No. DS.PCB. Cir.17/13.01.00/2002-03 dated September 18, 2002and th...
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RBI |
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KYC norms/AML Standards/CFT Standards
Posted Date : 23-Feb-2013 , 12:24:00 pm | Posted By: Vinay Sharma
RBI/2012-13/419A. P. (DIR Series) Circular No. 84
February 22, 2013
To,All Authorised Persons
Madam/ Dear Sir,
Know Your Customer (KYC) norms/Anti-Money Laundering (AML) Standards/Combating the Financing of Terrorism (CFT) Standards – Obligation of Authorised Persons under Prevention of Money Laundering Act (PMLA), 2002 as amended by PML (Amendment) Act 2009 Money Changing activities
Please refer to Para 4.4 (a) of {A.P.(DIR Series) Circular No. 17 [A.P.(FL/RL Series) Circular No.04...
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RBI |
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NEFT - Introduction of Continuous Release of Credit Messages
Posted Date : 19-Feb-2013 , 08:22:16 pm | Posted By: Vinay Sharma
RBI/2012-13/417DPSS. CO. EPPD No. 1400/04.03.01/2012-13
February 18, 2013
The Chairman and Managing Director / Chief Executive Officerof member banks participating in NEFT
Madam / Dear Sir,
NEFT - Introduction of Continuous Release of Credit Messages
Please refer to our circular DPSS. CO. EPPD No. 840/ 04.03.01/ 2012-13 dated November 26, 2012 on the captioned subject.
2. It has now been decided to implement the feature of continuous release of credit messages in the National Ele...
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RBI |
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Guidelines on Fair Practices Code for NBFCs
Posted Date : 19-Feb-2013 , 07:21:44 pm | Posted By: CASANSAAR
RBI/2012-13/417DPSS. CO. EPPD No. 1400/04.03.01/2012-13
February 18, 2013
The Chairman and Managing Director / Chief Executive Officerof member banks participating in NEFT
Madam / Dear Sir,
NEFT - Introduction of Continuous Release of Credit Messages
Please refer to our circular DPSS. CO. EPPD No. 840/ 04.03.01/ 2012-13 dated November 26, 2012 on the captioned subject.
2. It has now been decided to implement the feature of continuous release of credit messages in the National Electronic Fu...
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RBI |
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Gold Deposit Scheme
Posted Date : 14-Feb-2013 , 07:06:47 pm | Posted By: Vinay Sharma
RBI/2012-13/415 DBOD.No.IBD.BC. 81/23.67.001/2012-13
February 14, 2013
All Scheduled Commercial Banks authorized to deal in Gold
Dear Sir / Madam
Gold Deposit Scheme
The Central Government, with a view to bringing privately held stock of gold in circulation, reduce the country’s reliance on import of gold and providing its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had notified Gold Deposi...
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