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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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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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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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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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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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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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