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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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Home Loans - Levy of Fore-closure Charges/Pre-payment Penalty by UCBs
Posted Date : 27-Jun-2012 , 03:34:23 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/622 UBD.BPD.(PCB) CIR No.41/12.05.001/2011-12
June 26, 2012
The Chief Executive Officers All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Home Loans - Levy of Fore-closure Charges / Pre-payment Penalty by Urban Co-operative Banks (UCBs)
Please refer to our Circular UBD.(PCB).Cir.No.54/09.39.000/05-06 dated May 26, 2006 on levy / display of bank charges.
2. The attention of UCBs is invited to paragraphs 81 to 83 of the Monetary Policy Statement 2012-13 announced o...
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Secondary market transactions in Government Securities - Short Selling
Posted Date : 25-Jun-2012 , 04:19:46 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/615 IDMD.PCD.21/14.03.07/2011-12
June 21, 2012
All market participants
Dear Sir/Madam
Secondary market transactions in Government Securities - Short Selling
This 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 sale whereby they can sell a security short from HFT portfolio even if the security is held under their AFS/HTM portfolio (cir...
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Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives
Posted Date : 25-Jun-2012 , 04:18:50 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/616 FMD.MSRG.No.69/02.05.002/2011-12
June 22, 2012
All Category – I Authorised Dealer Banks and Primary Dealers
Madam/Sir,
Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives
Reserve Bank, vide it’s circular No.FMD.MSRG.No.67/02.05.002/2011-12 dated March 9, 2012, had advised that all inter-bank OTC foreign exchange derivatives transactions should be reported on a platform to be developed by the CCIL. The CCIL has since completed develop...
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Financial Inclusion-Opening of Aadhaar Enabled Bank Accounts (AEBA)
Posted Date : 20-Jun-2012 , 06:36:14 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/610 RPCD.CO.RRB.BC.No. 88/03.05.33/2011-12
June 19, 2012
The Chairmen All Regional Rural Banks(RRBs)
Madam / Dear Sir,
Financial Inclusion-Opening of Aadhaar Enabled Bank Accounts (AEBA).
Please refer to our Circular RPCD.CO.BC.FID No.16/12.01.019/2011-12 dated August 12, 2011 forwarding the Operational Guidelines on implementation of Electronic Benefit transfer (EBT) and its convergence with Financial Inclusion Plan (FIP).
2. In view of the timelines attached to th...
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RRBs - IT and IS Governance Structures
Posted Date : 20-Jun-2012 , 06:35:40 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/611 RPCD.CO.RRB.BC.No.87/03.05.33/2011-12
June 19, 2012
The Chairmen All Regional Rural Banks (RRBs)
Madam / Dear Sir,
Monetary Policy Statement 2012-13 - IT and IS Governance structures
Please refer to the paragraphs 121-123 of the Monetary Policy Statement 2012-13, wherein we have emphasized the importance of implementing IT and IS Governance structure in banks. It is expected that all banks adopt appropriate frameworks for both IT and IS Governance and put in place th...
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Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988(2011) Sanctions List
Posted Date : 19-Jun-2012 , 11:28:45 am | Posted By: CA. SURESH Kr. AGARWAL
RBI-2011-12/605 DBOD. AML.No.18786/14.06.001/2011-12
June 18, 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 1988(2011) Sanctions List
Please refer to our circular DBOD. AML. No. 17478/14.06.001/2011-12 dated May 23, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of notes dat...
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Export Credit Refinance Facility (ECR): Relaxation
Posted Date : 18-Jun-2012 , 11:28:13 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/603 Ref. MPD. No. 355/07.01.279/2011-12
Jyestha 28,1934 (Saka) June 18, 2012
To All Scheduled Banks [excluding Regional Rural Banks (RRBs)]
Dear Sir/Madam,
Export Credit Refinance Facility (ECR): Relaxation
At present, the Export Credit Refinance (ECR) limit is fixed at 15 per cent of the outstanding rupee export credit eligible for refinance as at the end of the second preceding fortnight. With a view to enhancing the credit flow to the export sector, it has been decid...
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Mid-Quarter Monetary Policy Review: June 2012
Posted Date : 18-Jun-2012 , 11:26:53 am | Posted By: CA. SURESH Kr. AGARWAL
Monetary and Liquidity Measures
On the basis of an assessment of the current macroeconomic situation, it has been decided to:
keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.75 per cent of their net demand and time liabilities; and
keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 8.0 per cent.
Consequently, the reverse repo rate under the LAF will remain unchanged at 7.0 per cent, and the marginal standing facilit...
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StCBs/DCCBs - Home Loans-Levy of fore-closure charges/ pre-payment penalty
Posted Date : 16-Jun-2012 , 11:14:30 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/602 RPCD CO. RCBD. BC. No. 84 /03.03.01/2011-12
June 15, 2012
The Chairmen/Chief Executives of All State and Central Co-operative Banks
Dear Sir
Home Loans-Levy of fore-closure charges/ pre-payment penalty
Please refer to our circular RPCD.CO.RCBD.BC.No. 48 /03.03.01/2010-11 dated January 20, 2011 on housing finance.
2. In this context, attention is invited to paragraphs 81 to 83 of the Monetary Policy Statement 2012-13 announced on April 17, 2012 with regard to home...
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Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India- Amendments
Posted Date : 15-Jun-2012 , 09:19:36 am | Posted By: CA. SURESH Kr. AGARWAL
DPSS.CO.PD. No. 2256 /02.14.006/ 2011-12
June 14, 2012
To All System Providers, System Participants and all other prospective prepaid payment instrument issuers
Dear Sir,
Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India- Amendments
A reference is invited to our circulars RBI / 2008-09 / 458 DPSS. CO. PD. No. 1873/02.14.06/2008-09 dated April 27, 2009, RBI / 2010-11 / 261 DPSS. CO. No. 1041 / 02.14.006 / 2010-2011 dated November 04, 2010 and RBI / 2...
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Monetary Policy Statement 2012-13 - IT and IS Governance structures
Posted Date : 13-Jun-2012 , 06:33:25 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/600 DIT Cir. No.2833/09.63.025/2011-12
June 13, 2012
The Chairmen/Chief Executive Officers, All Scheduled Commercial Banks (excluding RRBs)
Madam / Dear Sir,
Monetary Policy Statement 2012-13 - IT and IS Governance structures
Please refer to the paragraphs 121-123 of the Monetary Policy Statement 2012-13, wherein we have emphasized the importance of implementing IT and IS Governance structure in banks. It is expected that all banks adopt appropriate frameworks for bot...
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RRBs/StCBs/DCCBs - Strengthening the Regulatory Framework for Unclaimed Deposits
Posted Date : 13-Jun-2012 , 06:32:22 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/599 RPCD.No. RRB.RCB.BC. 83/03.07.033/2011-12
June 12, 2012
All State and Central Co-operative Banks / Regional Rural Banks
Dear Sir
Strengthening the Regulatory Framework for Unclaimed Deposits
Please refer to paragraphs 102 and 103 of the Monetary Policy Statement for the year 2012-13, announced on April 17, 2012 proposing certain measures for strengthening the Regulatory Framework for Unclaimed Deposits.
2. In terms of our circulars RPCD. CO. RF. BC. No. 89/07.38.01/20...
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Implementation of Section 51 A of UAPA 1967 - Updates of the UNSCR Committee
Posted Date : 12-Jun-2012 , 05:33:36 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/593 DPSS. CO. AD. No. 2218/02.27.005/2011-12
June 7, 2012
CEOs of all the Payment System Operators Authorised under the PSS Act, 2007
Dear Sir
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) and 1989 (2011) Committee's Al Qaida Sanctions List
Please refer to our circular DPSS.CO.AD.No 2058 /02.27.005/2011-12 dated May 9, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of notes dated A...
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Money Transfer Service Scheme
Posted Date : 11-Jun-2012 , 02:10:26 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/596 A. P. (DIR Series) Circular No. 132
June 8, 2012
To,
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme.
Madam/ Sir,
Money Transfer Service Scheme
Attention of all Authorised Persons (APs), who are Indian Agents under the Money Transfer Service Scheme (MTSS) is invited to paragraph 5 (c) of the the Notification dated June 4, 2003 on MTSS and the specific permission accorded to them under FEMA, 1999 by the Reserve Bank to undertake inw...
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Uniformity in Risk weight for assets covering PPP and post COD projects
Posted Date : 01-Jun-2012 , 04:27:38 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/581 DNBS.PD.CC.No.276/03.02.089/2011-12
May 30, 2012
All Infrastructure Finance Companies
Uniformity in Risk weight for assets covering PPP and post COD projects
The Reserve Bank, vide its notification No.DNBS.233/CGM(US)-2011 dated November 21, 2011 viz; Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011 issued detailed guidelines with regard to regulation of IDF-NBFCs.In terms of the Guidelines,for the purpose of computing capital a...
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Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR Committee\'s Al-Qaida Sanctions List
Posted Date : 01-Jun-2012 , 04:26:33 pm | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/580 RPCD.CO.RRB.RCB.AML.No.12165/07.02.12/2011-12
May 30, 2012
The Chairmen / CEOs of all Regional Rural Banks/ State and Central Co-operative Banks
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 RPCD.CO.RRB.RCB.AML.No.12008/07.02.12/ 2011-12 dated May 25, 2012 . We have since received from Government of India, Ministry of External Affairs, UNP Divisi...
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Conversion of Term Deposits, Daily Deposits or Recurring Deposits for Reinvestment in Term Deposits by State and Central Co-operative Banks
Posted Date : 30-May-2012 , 10:20:28 am | Posted By: CA. SURESH Kr. AGARWAL
RBI/2011-12/577 RPCD.CO.RCB.BC.No. 78/07.38.01/2011-12
May 28, 2012
All State and Central Co-operative Banks
Dear Sir,
Conversion of Term Deposits, Daily Deposits or Recurring Deposits for Reinvestment in Term Deposits by State and Central Co-operative Banks
Please refer to paragraph 104 of the Annual Policy Statement for the year 2010-11 of Reserve Bank of India (extract enclosed).
2. As per the instructions contained in paragraph 11 of circular RPCD.No.RF.DIR.BC.53/D.1-87/88 da...
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COP issued by ICAI etc can be considered as KYC document for proprietary concerns
Posted Date : 29-May-2012 , 11:09:41 pm | Posted By: CASANSAAR
RBI/2011-12/579 DNBS(PD).CC. No 275/03.10.42/2011-12
May 29, 2012
All Non Banking Financial Companies / Residuary Non Banking Companies
Dear Sir,
Know Your Customer (KYC) guidelines - accounts of proprietary concerns
A reference is invited to para 1 and Annex vi of theMaster Circular DNBS (PD) CC No.231/03.10.42/2011-12 dated July 1, 2011on Master Circular – 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards (AML) - 'Prevention of Money Launderi...
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