RBI/2011-12/445 RPCD.CO.RRB.RCB.BC.No.63/07.40.06/2011-12 March 15, 2012 The Chairmen/Chief Executive Officers, All Regional Rural Banks / State and Central Co-operative Banks@@NBSP@@ Dear Sir, Bank Rate Section 49 of the Reserve Bank of India Act, 1934 requires the Reserve Bank to make public (from time to time) the standard rate at which it is prepared to buy or re-discount bills of exchange or other commercial paper eligible for purchase under that Act. 2. Being th

RBI/2011-12/446 DNBS (PD)CC.No.259 /03.02.59/2011-12 March 15, 2012 All Non Banking Financial Companies (excluding Residuary Non Banking Companies) Dear Sir, Non- Reckoning Fixed Deposits with Banks as Financial Assets In terms of Section 45IA (1) of the RBI Act 1934, no non-banking financial company shall commence business or carry on the business of a non-banking financial institution without (a) obtaining a certificate of registration (CoR) from the Reserve Bank an

RBI/2011-12/448 DPSS (CO) CHD.No/ 1691/ 03.01.14 / 2011-2012 March 15, 2012 The Chairman and Managing Director /Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks/ Scheduled Co-operative Banks/Banks participating in NEFT and RTGS/ Regional offices of RBI Dear Sir/Madam Access Criteria for Payment Systems-Membership to Clearing Houses operating Decentralised Payment Systems Please refer to our circular no. DPSS.CO.OD.494/ 04.04.009/20

RBI/2011-12/442 DNBS(PD).CC. No 258/03.10.42/2011-12 March 14 , 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of UNSCR 1929 (2010) on Non-proliferation –Government of India Order of November 04, 2011 Please find enclosed a copy of Ministry of External Affairs Order dated November 4, 2011 published in the Gazette of India on implementation of United Nations Security Council Resolution 1929 (2010). 2. Utmost care sho

RBI/2011-12/443 DNBS(PD).CC. No 257/03.10.42 /2011-12 March 14, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to DNBS(PD).CC.No.242/03.10.42/ 2011-12 and DNBS (PD).CC.No.244 /03.10.42/2011-12 dated September 15, 2011 and September 22, 2011 respectively on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2.

RBI/2011-12/438 RPCD.CO.RCB.RRB.BC.No.65/03.05.33/2011-12 March 12, 2012 All Scheduled State Co-operative Banks / Regional Rural Banks Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of CRR Please refer to our Circular RPCD.CO.RCB.BC.No.56/07.02.01/2011-12 dated January 25, 2012, on the captioned subject. 2. @@NBSP@@On review of the current and evolving liquidity conditions as set out in the Reserve Bank's Press Release 2011-2012/1441 date

RBI/2011-12/437 RPCD.CO.RRB.RCB.AML.No.8993/07.02.12/2011-12 @@NBSP@@@@NBSP@@ March 12, 2012 The Chairmen / CEOs of all Regional Rural Banks (RRBs)/ 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.8566/03.05.28(A)/ 2011-12 dated February 27, 2012. We have since received from Government of Indi

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI March 07, 2012 Notification No. FEMA.222/2012-RB Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) (Amendment) Regulations, 2012 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the

RESERVE BANK OF INDIA Foreign Exchange Department Central Office Mumbai - 400 001 Notification No. FEMA.225/2012- RB Dated: March 7, 2012 Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2012 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Forei

RBI/2011-12/427 IDMD.PCD. 20 /14.01.02/2011-12 March 5, 2012 To All RBI-regulated Entities Dear Sir/Madam Settlement of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs) In terms of circular IDMD.DOD.11/11.08.36/2009-10 dated June 30, 2010, all RBI-regulated entities are mandated to report their OTC transactions in CDs and CPs on the FIMMDA reporting platform within 15 minutes of the trade for online dissemination of market information. Suc