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ECB Policy
Posted Date : 12-Sep-2012 , 10:24:31 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/201A.P. (DIR Series) Circular No. 27
September 11, 2012
To,
All Category - I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy – Bridge Finance for infrastructure sector
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 26 dated September 23, 2011.
2. As per the extant guidelines, Indian companies in the infrastructure sector, where “infrastructure” is as defined un...
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ECB Policy
Posted Date : 12-Sep-2012 , 10:22:04 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/200A.P. (DIR Series) Circular No. 26
September 11, 2012
To,All Category - I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings (ECB) Policy – Repayment of Rupee loans and/or fresh Rupee capital expenditure – USD 10 billion scheme
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited toA.P. (DIR Series) Circular No. 134 dated June 25, 2012.
2. As per the extant guidelines, the maximum permissible ECB that can be availed of ...
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Bank Finance to Factoring Companies
Posted Date : 12-Sep-2012 , 10:20:40 am | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/199DBOD.BP.BC.No.40/21.04.172/2012-13
September 11, 2012
All Scheduled Commercial Banks(excluding RRBs)
Madam / Dear Sir,
Bank Finance to Factoring Companies
Please refer to paragraph 2 of ourcircular DBOD.BP.BC.No.60/08.12.01/2007-08 dated February 12, 2008on ‘Bank Finance to Factoring Companies’, in terms of which banks can extend financial assistance to support the factoring business of Factoring Companies which comply with certain criteria.
2. Subsequent to th...
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Implementation of Section 51-A of UAPA, 1967 -Updates of the UNSCR Committee\'s Al Qaida Sanctions List
Posted Date : 08-Sep-2012 , 06:46:57 pm | Posted By: CA. KRISHAN KUMAR SAINI
RBI/2012-13/196DNBS (PD).CC. No 302 /03.10.42 /2012-13
September 7, 2012
All Non Banking Financial Companies /Residuary Non Banking Companies
Dear Sir,
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) /1989(2011) Committee's Al Qaida Sanctions List
Please refer toDNBS (PD).CC.No 296/03.10.42/2012-13 dated July 11, 2012. The Chairman of UN Security Council's 1267/ 1989 Committee has issued notes datedJune 21, 2012,June 28, 2012, andJuly 2, 2012(copy enclose...
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Interest Rate on Deposits
Posted Date : 08-Sep-2012 , 10:11:27 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/192 UBD.BPD.Cir.No. 7/13.01.000//2012-13
September 6, 2012
The Chief Executive Officer All Primary (Urban) Co-operative Banks
Dear Sir/Madam
Interest Rate on Deposits
Please refer to our circular UBD.No.DS.PCB.CIR.53/13.01.00/97-98 dated April 29, 1998 whereby banks were permitted to offer, at their discretion, differential rates of interest on single term deposits of ` 15 lakh and above, subject to the condition that the schedule of interest rates payable on deposit...
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Banking facilities to visually challenged / persons with disabilities
Posted Date : 06-Sep-2012 , 08:08:57 am | Posted By: CA. KRISHAN KUMAR SAINI
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir
Banking facilities to visually challenged / persons with disabilities
Please refer to ourCircular DBOD. No. Leg BC. 91 /09.07.005/2007-08 dated June 4, 2008on the captioned subject advising that all banking facilities such as cheque book facility including third party cheques, ATM facility, Net banking facility, locker facility, retail loans, credit cards etc., are invariably offered to visually challenged persons without any discrimin...
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Applicability of credit exposure norms for bonds guaranteed by the Government of India
Posted Date : 06-Sep-2012 , 08:05:41 am | Posted By: CA. KRISHAN KUMAR SAINI
All Standalone Primary Dealers
Dear Sir/Madam,
Applicability of credit exposure norms for bonds guaranteed by the Government of India
Please refer tocirculars IDMD.PDRD.No.19 /03.64.00 / 2010-11 dated July 27, 2010andIDMD.PCD.No.1652/14.03.05/2010-11 dated November 11, 2010wherein standalone Primary Dealers (PDs) were advised to adhere to the credit exposure limits of 25 per cent of their net owned funds (NOF) to single borrower and 40 per cent of their NOF to group borrowers.
2. The matte...
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Standardisation and Enhancement of Security Features in Cheque Forms-Migrating to CTS 2010 standards
Posted Date : 06-Sep-2012 , 08:03:48 am | Posted By: CA. KRISHAN KUMAR SAINI
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
Standardisation and Enhancement of Security Features in Cheque Forms - Migrating to CTS 2010 standards
A reference is invited to ourcircular DPSS.CO.CHD.No./1112/04.07.05/2011-12 dated December 27, 2011advising all banks providing cheque facility to their customers...
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Financial Inclusion- Access to Banking Services
Posted Date : 13-Aug-2012 , 05:37:42 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/164 DBOD.No. Leg. BC.35/09.07.005/2012-13
August 10, 2012
All Scheduled Commercial Banks (excluding RRBs)
Dear Sir,
Financial Inclusion- Access to Banking Services – Basic Savings Bank Deposit Account
Please refer to paragraphs 88 and 89 of Monetary Policy Statement for the year 2012-13 announced on April 17, 2012.
2. Banks were advised in November 2005 to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balance as well...
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Issue of multicity / payable at all branches cheques by CBS enabled banks
Posted Date : 13-Aug-2012 , 05:37:08 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/163 DPSS.CO.CHD.No.274/03.01.02/2012-13
August 10, 2012
The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks
Madam / Dear Sir
Issue of multicity / payable at all branches cheques by CBS enabled banks
As you are aware, various Core Banking Solutions (CBS) implemented in banks marked a paradigm shift in Customer Services. Cus...
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Stipulation of compensation for delay in Clearance of Local Cheques
Posted Date : 13-Aug-2012 , 05:36:24 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/165 DPSS.CO.CHD.No.284/03.06.03/2012-13
August 13, 2012
The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks
Madam / Dear Sir
Stipulation of compensation for delay in Clearance of Local Cheques
As you may be aware, banks are required to specify the time line for realisation of local and outstation cheques in their Cheque ...
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Foreign Exchange Management Act - Compounding of Contraventions under FEMA
Posted Date : 01-Aug-2012 , 05:41:12 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/153 A.P. (DIR Series) Circular No.11
July 31, 2012
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Foreign Exchange Management Act, 1999 (FEMA)- Compounding of Contraventions under FEMA, 1999
Attention of all the Authorised Dealer Category - I (AD Category - I) banks and their constituents is invited to A.P. (DIR Series) Circular no. 56 dated June 28, 2010 and the subsequent Press Release dated August 13, 2010, clarifying the position on ‘technical’ co...
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Interest Rates on Rupee Deposits held in Domestic, NRO and NRE Accounts
Posted Date : 01-Aug-2012 , 05:39:15 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/148 RPCD.CO.RRB.NO.16 /03.05.33(C) /2012-13
July 31, 2012
The Chairmen All Regional Rural Banks (RRBs)
Dear Sir,
Interest Rates on Rupee Deposits held in Domestic, Ordinary Non-Resident (NRO) and Non-Resident (External) (NRE) Accounts
Please refer to paragraph 5 of the directives enclosed to the circular DBOD.Dir.BC.47/13.03.00/2000-2001 dated November 4, 2000 and mail box clarification dated May 13, 2005 in terms of which it was clarified that in the case of Non-Resi...
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Priority Sector Lending
Posted Date : 24-Jul-2012 , 02:15:02 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/138 RPCD.CO.Plan.BC 13/04.09.01/2012-13
July 20, 2012
The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)]
Dear Sir,
PRIORITY SECTOR LENDING –TARGETS AND CLASSIFICATION
As proposed in Paragraph 94 of the Monetary Policy Statement 2011-12, the Reserve Bank of India in August 2011 set up a Committee to re-examine the existing classification and suggest revised guidelines with regard to Priority...
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Interest Rate on Deposits held in NRO and NRE Accounts
Posted Date : 24-Jul-2012 , 02:14:02 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/141 RPCD.CO.RCB.BC. Dir. No.15/07.38.01/2012-13
July 23, 2012
All State and Central Co-operative Banks
Dear Sir,
Interest Rate on Deposits held in Ordinary Non-Resident (NRO) and Non-Resident (External) (NRE) Accounts
Please refer to paragraph 4 of our Directive RPCD.No.RF.DIR.BC.53/D.1-87/88 dated November 2, 1987 enclosed to our circular RPCD.No.RF.DIR.BC.54/D.1-87/88 of the same date in terms of which it was clarified that in the case of savings or term deposit acc...
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Prudential Norms for Off-balance Sheet Exposures of Banks
Posted Date : 24-Jul-2012 , 02:13:24 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/139 DBOD.No.BP.BC.31/21.04.157/2012-13
July 23, 2012
The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs) & All India Term-Lending & Refinancing Institutions
Dear Sir,
Prudential Norms for Off-balance Sheet Exposures of Banks
Please refer to our circular DBOD.No.BP.BC.57/21.04.157/2008–09 dated October 13, 2008, in terms of which, any change in any of the parameters of a derivative contract ...
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Interest Rates on Deposits held in FCNR (B) Accounts
Posted Date : 19-Jul-2012 , 10:06:42 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/137 DBOD.Dir.BC. 30/13.03.00/2012-13
July 18, 2012
All Scheduled Commercial Banks (Excluding RRBs)
Dear Sir/Madam,
Interest Rates on Deposits held in FCNR (B) Accounts
Please refer to paragraph 4 of the directives enclosed to our circular DBOD.Dir.BC.49/13.03.00/2000-2001 dated November 4, 2000 and mail box clarification dated May 13, 2005 in terms of which it was clarified that in the case of FCNR(B) deposits of staff members, existing or retired, interest rate includ...
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Exchange Earner\'s Foreign Currency Account
Posted Date : 19-Jul-2012 , 10:06:08 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/135 A. P. (DIR Series) Circular No. 8
July 18, 2012
To
All Authorised Dealer Category- I Banks
Madam/ Sir,
Exchange Earner's Foreign Currency (EEFC) Account
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 124 dated May 10, 2012.
2. On a review, it is advised that the provisions contained in the aforesaid Circular will not apply to the Resident Foreign Currency Accounts.
3. AD Category - I banks may...
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Scheme for Investment by QFIs in Indian corporate debt securities
Posted Date : 19-Jul-2012 , 10:05:28 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/134 A. P. (DIR Series) Circular No. 7
July 16, 2012
To
All Category – I- Authorised Dealer banks
Madam / Sir,
Scheme for Investment by Qualified Foreign Investors (QFIs) in Indian corporate debt securities
Attention of Authorised Dealers Category – I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No.8 dated August 9, 2011, A.P. (DIR Series) Circular No. 42 dated November 3, 2011, A.P. (DIR Series) Circular No. 66 dated January 13, 2012 and A....
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Prudential Guidelines on Capital Adequacy
Posted Date : 10-Jul-2012 , 09:52:46 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/121 DBOD.No.BP.BC.28/21.06.001/2012-13
09 July 2012
The Chief Executive Officers Foreign Banks Operating in India
Dear Sir,
Prudential Guidelines on Capital Adequacy – Treatment of Head Office Debit Balance – Foreign Banks
A reference is invited to the paragraph 4.2.3 - Notes (iv) of the Master Circular on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF) dated July 2, 2012, wherein it is mentioned that ‘the net credit balance...
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Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR Committee\'s Sanctions List
Posted Date : 05-Jul-2012 , 05:54:26 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/111 DBOD. AML.No.180/14.06.001/2012-13
July 04, 2012
The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions
Dear Sir,
Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List
Please refer to our circular DBOD. AML No. 19320/14.06.001/2011-12 dated June 26, 2012. We have since received from Government of India, Ministry of External Af...
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Merchant Discount Rates (MDR) structure for debit card transactions
Posted Date : 05-Jul-2012 , 05:53:37 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/110 DPSS.CO.PD.No. 27/02.14.003 /2012-13
July 04, 2012
The Chairman and Managing Director / Chief Executive Officer All 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,
Merchant Discount Rates (MDR) structure for debit card transactions
Please refer to our circular DPSS.CO.PD.No. 2361 / 02.14.003 / 2011-12 dated June 28, 2012 on the subje...
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Master Circular - Guidelines for Issue of Certificates of Deposit
Posted Date : 03-Jul-2012 , 09:43:02 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/100 IDMD.PCD. 05/14.01.03/2012-13
July 2, 2012
The Chairmen / Chief Executives of All Scheduled Banks (excluding RRBs and LABs), Primary Dealers (PDs) and All-India Term Lending and Refinancing Institutions
Dear Sir/Madam,
Master Circular - Guidelines for Issue of Certificates of Deposit
With a view to further widening the range of money market instruments and giving investors greater flexibility in deployment of their short-term surplus funds, Certificates of Deposit (C...
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Master Circular - Lending To Priority Sector
Posted Date : 03-Jul-2012 , 09:34:06 am | Posted By: CA. SURESH Kr. AGARWAL
BI/2012-13/108 RPCD. CO. Plan. BC 12/04.09.01/2012-13
July 2, 2012
The Chairman/ Managing Director/ Chief Executive Officer
[All scheduled commercial banks (excluding Regional Rural Banks)]
Dear Sir,
MASTER CIRCULAR - LENDING TO PRIORITY SECTOR
The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks on lending to Priority Sector. In order to enable the banks to have current instructions at one place, a Master Circular incorpo...
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Master Circular - Guidelines for Issue of Commercial Paper
Posted Date : 03-Jul-2012 , 09:32:25 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/99 IDMD.PCD. 04/14.01.02/2012-13
July 2, 2012
The Chairmen/Chief Executives of All Scheduled Banks, Primary Dealers and All-India Financial Institutions
Dear Sir/Madam,
Master Circular - Guidelines for Issue of Commercial Paper
Commercial Paper (CP), an unsecured money market instrument issued in the form of a promissory note, was introduced in India in 1990 with a view to enable highly rated corporate borrowers to diversify their sources of short-term borrowings and pr...
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Master Circular on Export Credit Refinance Facility
Posted Date : 03-Jul-2012 , 09:31:12 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/97 MPD. No.356/07.01.279/2012-13
July 2, 2012 Aashadha 11, 1934 (S)
The Chairmen/Chief Executives of all Scheduled Banks (excluding RRBs)
Dear Sir/Madam
Master Circular on Export Credit Refinance Facility
Please refer to Master Circular No.MPD No.345 /07.01.279/2011-12 dated July 1, 2011 on the above mentioned subject. This revised Master Circular on Export Credit Refinance Facility consolidates and updates all instructions/guidelines issued on the subject up to June 30...
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Master Circular
Posted Date : 03-Jul-2012 , 09:30:33 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/101 DGBA.GAD.No.H - 3 /42.01.034/2012-13
July 2, 2012
To
All Agency Banks
Dear Sir / Madam
Master Circular – Collection of Direct Taxes- OLTAS
Please refer to our master circular RBI/2011-12/99 dated July 01, 2011 on the above subject which was issued with a view to facilitate quick reference to all the extant instructions issued on the subject at one place. We have now updated the master circular incorporating important instructions issued by us till end of June,...
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Master Circular - Lending to Micro, Small & Medium Enterprises (MSME) Sector
Posted Date : 03-Jul-2012 , 09:29:41 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/93 RPCD.MSME & NFS. BC. No. 11/06.02.31/2012-13
July 2, 2012
The Chairman/Managing Director/ Chief Executive Officer
All Scheduled Commercial Banks (excluding Regional Rural Banks)
Dear Sir
Master Circular - Lending to Micro, Small & Medium Enterprises (MSME) Sector
As you are aware, the Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks in the matters relating to lending to Micro, Small & Medium Ente...
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Master Circular
Posted Date : 03-Jul-2012 , 09:28:47 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2012-13/106 IDMD.PDRD.01/03.64.00/2012-13
July 2, 2012
All Primary Dealers
Dear Sir / Madam
Master Circular – Operational Guidelines to Primary Dealers
The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to the Primary Dealers (PDs) in regard to their operations in the Government Securities Market and other activities. To enable the PDs to have all the current instructions at one place, a Master Circular incorporating the guidelin...
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Secondary market transactions in Government Securities - Short Selling
Posted Date : 30-Jun-2012 , 11:00:36 pm | Posted By: Krishna Chandra Santi
Secondary market transactions in Government Securities - Short SellingThis has reference to circular IDMD.PCD.14/14.03.07/2011-12 dated December 28,2011 on the captioned subject.2. As per extant guidelines, banks are permitted to undertake 'notional' short salewhereby they can sell a security short from HFT portfolio even if the security is heldunder their AFS/HTM portfolio (circular RBI/2006-07/243 dated January 31, 2007). Inview of the various scenarios under which a participant may end up w...
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