| Notifications/Circulars |
Category : 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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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Bank Finance for Purchase of Gold
Posted Date : 11-Feb-2013 , 03:28:37 pm | Posted By: Vinay Sharma
RBI/2012-13/411UBD.BPD.(PCB) Cir No.36/13.05.001/2012-13
February 6, 2013
The Chief Executive OfficersAll Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Bank Finance for Purchase of Gold
Please refer to our circularUBD.PCB.Cir.No 24/13.05.001/08-09 dated November 10, 2008on ‘Advances against Pledge of Gold / silver ornaments’ advising UCBs to observe certain safeguards while granting loan against pledge of gold/ silver ornaments.
2.In terms of announcements made in para...
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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), 2002
Posted Date : 11-Feb-2013 , 11:09:28 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/410 RPCD.RRB.RCB.BC.No. 63 /07.51.018/2012-13
January 30, 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
Please refer to our circular RPCD.CO.RRB.RCB.AML.No.6097/07.51.018/ 2012-13 dated December 13, 2012 on simplification of Know...
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RBI |
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Permission to standalone PDs for membership in SEBI approved Stock Exchanges for trading in corporate bonds
Posted Date : 11-Feb-2013 , 11:05:45 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/412 IDMD. PCD.No.2310/14.03.05/2012-13
February 06, 2013
All Standalone Primary Dealers (PDs)
Dear Sir/Madam,
Permission to standalone PDs for membership in SEBI approved Stock Exchanges for trading in corporate bonds
With a view to further developing the debt market in India, it has been decided to permit standalone PDs to become members of SEBI approved stock exchanges for the purpose of undertaking proprietary transactions in corporate bonds. While doing so, standal...
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RBI |
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Financial Literacy Material
Posted Date : 01-Feb-2013 , 05:30:18 pm | Posted By: Vinay Sharma
RBI/2012-13/408RPCD.FLC.No.7641/12.01.018/2012-13
January 31, 2013
To Chairman/CMDs of Scheduled Commercial Banks(including RRBs)
Dear Sir
Financial Literacy Material
Please refer to ourcircular RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012regarding revised guidelines on the Financial Literacy Centres (FLC), in terms of which it was advised that FLCs and all the rural branches of scheduled commercial banks should scale up financial literacy efforts through conduct of outdoor Fina...
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RBI |
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Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 30-Jan-2013 , 12:43:21 pm | Posted By: Vinay Sharma
RBI/2012-13/400 REF.No.MPD.BC.361 /07.01.279/2012-13
Magha 9, 1934 (Saka) January 29, 2013
To
All Scheduled Banks [excluding Regional Rural Banks(RRBs) ] and Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facilities for Banks and Primary Dealers
Please refer to the Third Quarter Review of Monetary Policy 2012-13 dated January 29, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been decreased by 25 basis points from 8.00 per cent to 7.75 p...
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RBI |
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Maintenance of Cash Reserve Ratio (CRR)
Posted Date : 30-Jan-2013 , 12:42:48 pm | Posted By: Vinay Sharma
RBI/2012-13/401 Ref: DBOD.No.Ret. BC.76/12.01.001/2012-13
January 29, 2013
All Scheduled Commercial Banks & Local Area Banks (Excluding Regional Rural Banks)
Dear Sir,
Maintenance of Cash Reserve Ratio (CRR)
Please refer to our Circular DBOD.No.Ret.BC.52/12.01.001/2012-13 dated October 30, 2012 on the captioned subject.
2. As set out in the Reserve Bank's Press Release 2012-2013/1267 dated January 29, 2013, it has been decided to reduce the Cash Reserve Ratio (CRR) of Schedul...
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Liquidity Adjustment Facility
Posted Date : 29-Jan-2013 , 06:27:58 pm | Posted By: Vinay Sharma
RBI/2012-2013/398 FMD.MOAG. No.74/01.01.001/2012-13
January 29, 2013
All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers
Dear Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo and Marginal Standing Facility Rates
As announced today by the Governor in the Third 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 8.00 per cent to 7.75 per cent with...
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RBI |
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Third Quarter Review of Monetary Policy 2012-13
Posted Date : 29-Jan-2013 , 11:34:01 am | Posted By: Vinay Sharma
By Dr. D. Subbarao Governor
Introduction
Since the Second Quarter Review (SQR) of Monetary Policy in October 2012, headwinds holding back the global economy have begun to abate gradually, although sluggish conditions prevail. In the US, activity gathered momentum in Q3 of 2012 but this is unlikely to have been sustained in Q4. While a political consensus to avert the ‘fiscal cliff’ has calmed financial markets, how the debt ceiling is managed will be crucial in shapi...
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RBI suggests Banks to opt
Posted Date : 25-Jan-2013 , 04:27:51 pm | Posted By: Vinay Sharma
Retail issue of Subordinated Debt for raising Tier II capital
circular DBOD.BP.BC. No.72/21.01.002/2012-13, dated 24-1-2013
Please refer to our circular DBOD.BP.BC.No.69/21.01.002/2009-10, dated January 13, 2010 on the above subject, advising banks to adhere to certain conditions, while issuing subordinated debt to retail investors, for raising Tier II regulatory capital.
2. With a view to deepening the corporate bond market in India through enhanced retail participation, banks, wh...
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RBI |
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nterest Rates on and Premature Withdrawal of Rupee Term Deposits
Posted Date : 25-Jan-2013 , 11:20:18 am | Posted By: Vinay Sharma
RBI/2012-13/393 DBOD.No.Dir.BC. 74/13.03.00/2012-13
January 24, 2013
All Scheduled Commercial Banks (excluding RRBs)
Dear Sir/Madam
Interest Rates on and Premature Withdrawal of Rupee Term Deposits
In terms of our mailbox clarification dated May 16, 2007, deposits of `15 lakh or any higher threshold approved by the Boards of banks have been termed “wholesale deposits”. The term “bulk deposit”, though not specifically defined, has been inter-changeably used wi...
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Exchange Earner\'s Foreign Currency (EEFC) Account, Diamond Dollar
Posted Date : 23-Jan-2013 , 01:56:12 pm | Posted By: KIRANGI KANSARA
To
All Category - I Authorized Dealer Banks
Madam/ Sir,
Exchange Earner's Foreign Currency (EEFC) Account, Diamond Dollar
Account (DDA) & Resident Foreign Currency (RFC) Domestic Account
Attention of Authorised Dealer (AD) Category - I banks is invited to
A.P. (DIR Series)
Circulars Nos. 15
, 124, 128, 8 and 12 dated November 30, 2006, May 10, 2012, May
16, 2012, July 18, 2012 and July 31, 2012 respectively, in terms of which all the foreign
exchange earners were per...
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RBI |
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Settlement of Claims in respect of Deceased Depositors
Posted Date : 21-Jan-2013 , 01:41:04 pm | Posted By: Vinay Sharma
RBI/2012-13/386 UBD.BPD.(PCB)CIR No. 32/13.01.000/2012-13
January 21, 2013
The Chief Executive Officers All Primary (Urban) Co-operative Banks
Dear Sir,
Settlement of Claims in respect of Deceased Depositors – Simplification of Procedure - UCBs
Please refer to paragraph 2 of our circular UBD.BPD.CIR No.4/13.01.000/ 2005-06 dated July 14, 2005 on the captioned subject. In case of access to balance in deposits accounts with survivor /nominee clause, UCBs were advised that while m...
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KYC Norms/AML Standards/Combating Financing of Terrorism/Obligation of banks under PMLA, 2002
Posted Date : 19-Jan-2013 , 01:37:40 pm | Posted By: Vinay Sharma
RBI/2012-13/385 DBOD.AML.BC. No.71/14.01.001/2012-13
January 18, 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
Please refer to paragraph 2.4 (a) of Master Circular DBOD.AML.BC. No.11/14.01.001/2012-13 dated July...
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RBI |
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Definition of \'Infrastructure Loan\' of NBFCs - Harmonisation
Posted Date : 14-Jan-2013 , 06:49:00 pm | Posted By: Vinay Sharma
RBI/2012-13/351 DNBS.PD.CC.No. 317/03.10.001/2012-13
December 28, 2012
All NBFCs
Dear Sir/Madam,
Definition of 'Infrastructure Loan' of NBFCs - Harmonisation
Please refer to RBI’s circular DBOD.No.BP.BC.58/ 08.12.014/2012-13 dated November 20, 2012 on ‘Second Quarter Review of Monetary Policy 2012-13 – Definition of Infrastructure Lending' in terms of which the definition of ‘infrastructure lending for the purpose of financing of infrastructure by the bank...
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