Draft Guidelines for issuance and operation of Prepaid Payment Instruments in India A. Purpose To provide a framework for the regulation and supervision of all the entities involved in issuance of Prepaid Payment Instruments in the country and to ensure orderly development of this segment of the payments and settlement system in a prudent and customer friendly manner. B. Scope These guidelines lay down the eligibility criteria and the basic conditions for issuance of

DBOD. No. BP.11021/ 08.12.015/ 2008-09January 7, 2009All Commercial Banks (excluding RRBs & LABs)</P>Dear Sir,Draft Guidelines on Classification of Exposures as Commercial Real Estate (CRE) ExposuresPlease refer to our circular DBS.CO.PP.BC.21/11.01.005/2004-05 dated June 29, 2005 on the captioned subject, inter alia, defining CRE Exposures (Please see Annex). In view of a number of queries received from banks and other quarters as to whether or not certain

RBI/2008-09/A. P. (DIR Series) Circular No.December , 2008ToAll Category - I Authorised Dealer BanksMadam / Sir, Reporting under FDI Scheme – Transfer of Shares/Convertible Debentures - Revised procedureAttention of Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No.16 dated October 4, 2004 wherein, it has been stipulated that in case of transfer of shares or convertible debentures of an Indian Company from a resident t

DNBS/PD (SC/RC) No. /10.30.000/2008-09 December…., 2008 Draft Guidelines on Change in or Take Over of the Management of the Business of the Borrower by Securitisation Companies or Reconstruction Companies (Reserve Bank) Guidelines, 200…. The Reserve Bank of India hereby notifies these guidelines, framed under Section 9(a) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002 (SARFAESI Act) to provide for the prope

To All RBI regulated entities (Commercial Banks, Co-operative Banks, Primary Dealers, Financial Institutions, RRBs and NBFCs) Dear Sir, Guidelines for accounting for Repo / Reverse repo transactions Please refer to our Circular IDMC.3810/11.08.10/2002-03 dated March 24, 2003 setting out uniform guidelines for accounting of repo/reverse repo transactions. These guidelines captured the character of repo/reverse repo transaction as outright sale and outright purchase as

RBI/2008-09/ A. P. (DIR Series) Circular No. A. P. (FL/RL Series) Circular No. September 26, 2008 To, All Authorized Persons in Foreign Exchange Madam / Sir, Memorandum of Instructions governing money changing activities Attention of Authorized Persons is invited to the Memorandum of Instructions to Authorized Money Changers (AMCs), issued vide A. P. (DIR Series) Circular No. 43 (A.P. (FL Series) Circular No. 1) dated November 12, 2002 and other relevant instructions

1. Introduction 1.1 Mobile phones as a delivery channel for extending banking services have off-late been attaining greater significance. The rapid growth in users and wider coverage of mobile phone networks have made this channel an important platform for extending banking services to customers. With the rapid growth in the number of mobile phone subscribers in India (about 261 million as at the end of March 2008 and growing at about 8 million a month), banks have be

1. Introduction 1.1 With the rapid growth in the number of mobile phone subscribers in India (about 261 million as at the end of March 2008 and growing at about 8 million a month), banks have been exploring the feasibility of using mobile phones as an alternative channel of delivery of banking services. A few banks have started offering information based services like balance enquiry, stop payment instruction of cheques, record of last five transactions, location of n

DNBS (PD). CC. No.____ /03.05.002 / 2007-2008 June _, 2008 All non-deposit taking NBFCs with asset size of Rs 100 crore and above (All NBFC-ND-SI) Please refer to paragraph 216 of Annual Statement on Monetary Policy for the Year 2008-09 in terms of which capital adequacy, liquidity and disclosure norms were to be reviewed in respect of NBFC-ND-SI. 2. While NBFCs-D were subject to certain bank–like prudential regulations on various aspects such as income recognition, a

AppendixDraft Guidelines on Prudential Norms for Off-balance Sheet Exposures of Banks – Capital Adequacy, Exposure, Asset Classification and Provisioning NormsAt present, paragraphs 2.4.3 and 2.4.4 of the ‘Master Circular on Prudential Norms on Capital Adequacy’, DBOD.No.BP.BC.4/21.01.002/2007-08 dated July 2, 2007, stipulate the applicable credit conversion factors (CCF) for the foreign exchange and interest-rate related contracts under Basel-I framework. Likewise, p

RBI/2007-2008/A. P. (DIR Series) Circular No.May , 2008ToAll Authorised Dealers Category - I banksMadam / Sir,Establishment of Branch/Liaison Offices in India by foreign entities-Eligibility Criteria and Procedural GuidelinesAttention of Authorised Dealer Category - I (AD Category - I) banks is invited to Notification No. FEMA 22/2000-RB dated May 3, 2000, as amended from time to time, in terms of which a person resident outside India requires prior approval of the Re

Annex 1 To be published in the Official GazetteRESERVE BANK OF INDIANotificationMumbai, the ____, 2008DPSS_____No. -----: -In pursuance of sub-section (1) of section 38 of the Payment and Settlement Systems Act, 2007 (51 of 2007), the Reserve Bank hereby publishes the annexed Board for Regulation and Supervision of Payment and Settlement Systems Regulations, 2008.(Executive Director)ANNEXBoard for Regulation and Supervision of Payment and Settlement Systems Regulation

Second DraftAll Scheduled Commercial Banks(Excluding RRBs)Dear Sir, Mid-Term Review of the Annual Policy for the year 2007- 08 – Recovery Agents engaged by banks Please refer to the paragraph 172 and 173 of the mid-term review of the Annual Policy for the year 2007-08, a copy of which is enclosed. In view of the rise in the number of disputes and litigations against banks for engaging recovery agents in the recent past, it is felt that the adverse publicity would resu

DNBS/PD No. 5266/03.10.001/2007-08 January 24, 2008Draft Guidelines for extending No Objection Certificate (NoC) for opening of branch/subsidiary/Joint Venture/representative office or undertaking investment abroad by NBFCs NBFCs should obtain prior approval of the Bank for opening of subsidiaries/Joint Ventures/representative office abroad or for undertaking investment in foreign entities. The guidelines in place are being reviewed. The application from the NBFC seek

Reserve Bank of India Department of Non-Banking Supervision Central Office, Centre 1 World Trade Centre Cuffe Parade, Colaba Mumbai - 400 005Notification DNBS(PD)MGC No. __ /CGM (PK) - 2008 dated January ___, 2008Guidelines on Registration and Operations of Mortgage Guarantee Company under Section 45L(1)(b) of the Reserve Bank of India Act, 1934 The Reserve Bank of India, in terms of Notification No. DNBS. (MGC) 1 /CGM (PK)- 2008 dated January 15, 2008, issued in term

DBOD. No. BP. 502 / 21.04.157/2007-08October 24, 2007 The Chairman/Chief Executive OfficerAll Commercial Banks (excluding RRBs and LABs) andPrimary DealersDear Sir, Annual Policy Statement 2007- 08 – Draft Guidelines on Credit Default SwapsPlease refer to our letter forwarding DBOD.No.BP.1409/21.04.157/2006-07 dated May 16, 2007 the first draft guidelines on Credit Default Swaps and inviting feedback from various stakeholders. The feedback received from wide spectrum

Table of Contents Chapter Topic Page No: I Introduction 3 II Preview 6 III Review of FSTV Vision - 2005 10 IV Vision 2008-2010 15 V Conclusions and way forward 18 Chapter 1 Introduction The Mission Statement and the Corporate Objective relating to the Financial Sector Technology Vision continue to be as follows: Mission Statement <<< I T FOR EFFICIENCY AND EXCELLENCE >>> Corporate Objective: 'Enabling financial sector to leverage on I T for better cu

RBI/2006-2007/ A. P. (DIR Series) Circular No. June 01, 2007 To, All Authorised Dealer Category - I banks Madam / Sir Draft Circular on Booking of Forward Contracts - Liberalisation Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No.19 dated January 24, 2002, A. P. (DIR Series) Circular No. 63 dated December 21, 2002, A. P. (DIR Series) Circular No. 26 dated November 1, 2004, A. P. (DIR Series) Circular No.

RBI/2007-2008/A. P. (DIR Series) Circular No.October 10, 2007To,All Authorised Dealer Category - I banksMadam / SirBooking of Forward Contracts - LiberalisationAttention of Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No.19 dated January 24, 2002, A. P. (DIR Series) Circular No. 63 dated December 21, 2002, A. P. (DIR Series) Circular No. 26 dated November 1, 2004, A. P. (DIR Series) Circular No. 22 dated December 13,