RBI/2011-12/470 DNBS.CC.PD.No.266 /03.10.01/2011-12 March 26, 2012 To All NBFCs Dear Sir, Guidelines on Fair Practices Code for NBFCs The Reserve Bank vide its circular dated September 28, 2006, issued guidelines on Fair Practices Code (FPC) for all NBFCs to be adopted by them while doing lending business. The guidelines inter alia, covered general principles on adequate disclosures on the terms and conditions of a loan and also adopting a non-coercive recovery method

RBI/2011-12/464 RPCD.CO RRB.RCB.AML.No. 9439/03.05.28(A)/2011-12 March 21, 2012 The Chairmen / CEOs of all State and Central Co-operative Banks and Regional Rural Banks 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 RPCD.CO.RRB.RCB.AML.NO.9304/03.05.28(A)/2011-12 dated March 19, 2012. We have since received from Government of India, Ministry of Ext

RBI/2011-12/467 DNBS.CC.PD.No.265/03.10.01/2011-12 March 21, 2012 To All NBFCs Dear Sir, Lending Against Security of Single Product – Gold Jewellery It is observed that NBFCs that are predominantly engaged in lending against the collateral of gold jewellery have recorded significant growth in recent years both in terms of size of their balance sheet and physical presence. This in turn, has led to their increased dependence on public funds including bank finance and no

RBI/2011-12/461 RPCD.CO.LBS.BC.No.67 /02.01.01/2011-12 March 20, 2012 The Chairmen/ CMDs of all Lead Banks MD& CEO of Jammu & Kashmir Bank Ltd. Dear Sir/Madam, Lead Bank Scheme – District Consultative Committees (DCC) – Inclusion of Director of MSME-DI The Ministry of Micro Small and Medium Enterprises (MSME), Government of India has advised that MSME Development Institutes (MSME-DI) play an important role in the implementation of schemes / programmes for prom

RBI/2011-12/463 DNBS.PD/ CC.No.263 / 03.10.038 /2011-12 March 20, 2012 All NBFCs (excluding RNBCs) Dear Sir, 'Non Banking Financial Company-Micro Finance Institutions' (NBFC-MFIs) - Provisioning Norms- Extension of time A new category of NBFCs namely 'Non Banking Financial Company-Micro Finance Institutions' (NBFC-MFIs) was introduced vide DNBS.CC.PD.No.250/03.10.01/2011-12 dated December 02, 2011, which also contained guidelines on asset classification and provisioni

RBI/2011-12/462 DPSS.CO.CHD.No./1732/03.01.03/2011-2012 March 20, 2012 The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including RRBs / UCBs /State Co-operative Banks / District Central Co-operative Banks Madam / Dear sir, Special Clearing on March 31, 2012 With a view to facilitating accounting of all the Government transactions of the current financial year (2011-12) by March 31, 2012, the National Clearing Cells functionin

RBI/2011-2012/458 DGBA.GAD.No.H - 6160/42.01.029/2011-12 March 19, 2012 The Chairman & Managing Director / The Chief Executive Officer All 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 2011-2012 Please refer to Circular DGBA.GAD.No.H.6002/42.01

RBI/2011-12/454 RPCD.CO RRB.RCB.AML.No.9304 /03.05.28(A)/2011-12 March 19, 2012 The Chairmen / CEOs of all State and Central Co-operative Banks and Regional Rural Banks 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 RPCD.CO.RRB.RCB.AML.NO.8993 /07.02.12 /2011-12 dated March 12, 2012. We have since received from Government of India, Ministry of Exte

RBI/2011-12/451 RPCD.CO. Plan.BC.66/04.09.54/2011-12 March 16, 2012 The Chairman/Managing Director/ Chief Executive Officer (All Scheduled Commercial Banks excluding RRBs) Dear Sir/Madam, Rates of Interest - RIDF and other funds Consequent upon the revision of Bank Rate from 6 percent to 9.5 percent vide RBI's notification dated February 13, 2012, the interest rates applicable to RIDF and other similar funds with SIDBI and NHB have been reviewed and it has been decide

RBI/2011-12/449 RPCD.CO.RRB.RCB.AML.No. 9177/07.02.12/2011-12 March 15, 2012 The Chairmen / CEOs, All Regional Rural Banks and State / Central Co-operative Banks Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letters RPCD.CO.RRB.AML.No.7081/03.05.28 (A)/2011-12 and RPCD.CO.RCB.AML.No.7036/07.02.12/2011-12 dated January 16, 2012, on risks arising from the deficiencies in AML/CFT regime of certain jurisdic