| Notifications/Circulars |
Category : RBI |
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Gift in Rupees by Resident Individuals to NRI close relatives
Posted Date : 16-Sep-2011 , 07:46:34 pm | Posted By: Vasu Butti
To
All Banks Authorised to Deal in Foreign Exchange
Madam / Sir,
Gift in Rupees by Resident Individuals to NRI close relatives
Attention of the Authorised Dealer (AD) banks is invited toA.P. (DIR Series) Circular No. 24 dated December 20, 2006andA.P. (DIR Series) Circular No. 9 dated September 26, 2007in terms of which the remittances towards gift and donation by a resident individual was included in the Liberalised Remittance Scheme.
2.The Committee to review the facilities for i...
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Standing Liquidity Facilities for Banks and Primary Dealers
Posted Date : 16-Sep-2011 , 07:43:49 pm | Posted By: Vasu Butti
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 theMid-Quarter Monetary Policy Review of September 16, 2011, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points from 8.00 per cent to 8.25 per cent with immediate effect.
2. Accordingly, the Standing Liquidity Facilities provided to banks (export...
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RBI/2011-12/180 A.P. (DIR Series) Circular No. 18
Posted Date : 16-Sep-2011 , 07:41:59 pm | Posted By: Vasu Butti
To
All Banks Authorised to Deal in Foreign Exchange
Madam / Sir,
Loans in Rupees by resident individuals to NRI close relatives
Attention of the Authorised Dealer (AD) banks is invited toRegulation 7 of theNotification No. FEMA 4/2000 dated May 3, 2000, viz. Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000, as amended from time to time, in terms of which an authorised dealer in India may grant loan in rupees to a non-resident Indian.
2. The Committee...
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RBI |
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Guidelines on Base Rate
Posted Date : 11-Sep-2011 , 11:33:05 am | Posted By: Vasu Butti
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir / Madam
Guidelines on Base Rate
Please refer to our circular No. DBOD.Dir.BC.88/13.07.001/2009-10 dated April 9, 2010 and our letter DBOD.Dir.No. 21957/13.07.001/ 2009- 10 dated June 24, 2010 addressed to Indian Banks’ Association (IBA) on the subject.
2. The National Scheduled Tribes Finance and Development Corporation (NSTFDC), a wholly owned Government of India Section 25 Company under the Ministry of Tribal Affairs, ...
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Substitution of term Micro and Small Enterprises in place of SSI in the documents
Posted Date : 07-Sep-2011 , 10:37:52 pm | Posted By: Vasu Butti
The ChairmenAll Regional Rural Banks (RRBs)
Dear Sir,
Substitution of term Micro and Small Enterprises in place of SSI in the documents
Copies of thenotification No.S.O.1642 (E) dated September 29, 2006issued by the Ministry of Small Scale Industries andS.O.563 (E) dated February 27, 2009issued by Ministry of Commerce and Industry regarding substitution of term 'Micro and Small Enterprises' in place of the term 'Small Scale Industries' are enclosed. Kindly ensure that your internal ...
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Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
Posted Date : 07-Sep-2011 , 10:36:09 pm | Posted By: Vasu Butti
o
All Category - I Authorised Dealer Banks
Madam / Sir,
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985between Government of India and erstwhile USSR
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No.41 dated February 11, 2011, wherein the Rupee value of the special currency basket was indicated asRs.64.7004 effective from January 31, 2011.
2. AD Category-I banks are advised that a further revision has ta...
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RBI |
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Submission of Credit Information to Credit Information Companies
Posted Date : 07-Sep-2011 , 10:33:55 pm | Posted By: Vasu Butti
Chairmen/Managing Directors/CEOsAll Scheduled Commercial Banks(excluding RRBs and LABs)All India Notified Financial Institutions
Dear Sir,
Submission of Credit Information to Credit Information Companies –Defaulters ofRs.1 Crore and above andWilful Defaulters ofRs.25 lakh and above –Dissemination of Credit Information of suit-filed accounts
Please refer to ourCirculars DBOD.No.DL.BC.111/20.16.001/2001-02 dated June 4, 2002regarding submission of credit information to Credi...
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RBI |
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RTGS service charges for members
Posted Date : 07-Sep-2011 , 02:25:04 am | Posted By: Anjali Arora
RBI/2011-12/166
DPSS (CO) RTGS No.388/04.04.002/2011-2012
September 05, 2011
Chairman and Managing Director /Chief Executive Officer of all RTGS participants
Madam / Dear Sir,
RTGS service charges for members
As you are aware, the Reserve Bank of India has not been levying any service charges on the members for the usage of the RTGS system since its inception.
2. In consultation with stakeholders it has since been decided to levy service charges for all outward transacti...
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Enhancement of Rates of Provisioning for Non-Performing Assets and Restructured Advances
Posted Date : 10-Jun-2011 , 05:19:41 am | Posted By: CASANSAAR
RBI 2010-11/529DBOD.No.BP.BC. 94/21.04.048/2011-12
May 18, 2011
The Chairman and Managing Directors / Chief Executive OfficersAll Scheduled Commercial Banks (Excluding RRBs)
Dear Sir/ Madam
Enhancement of Rates of Provisioning for Non-Performing Assets andRestructured Advances
Please refer to paragraph 110 of the Monetary Policy Statement for the year 2011-12 (extract enclosed) wherein it was proposed to enhance the provisioning requirements on certain categories of non-performing advances ...
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RBI |
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Regulatory and Audit Compliance
Posted Date : 08-Jun-2011 , 09:03:15 pm | Posted By: CASANSAAR
RBI/2010-11/520Ref.DBS.ARS.BC. No.07/ 08.91.020/ 2010-11
May 11, 2011
The Chief Executives OfficersAll foreign banks operating in India
Dear Sir/Madam,
Regulatory and Audit Compliance
It is observed that Indian operations of foreign banks functioning in India as branches of the parent banks generally do not have a separate Audit Committee vested with the responsibility of examining and reviewing inspection/audit reports for their compliance. In the recent past, there have been concerns abou...
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