Regulating Commercial Banking

Permission to standalone PDs for trading in corporate bonds

RBI/2012-13/412 IDMD. PCD.No.2310/14.03.05/2012-13 February 06, 2013 All Standalone Primary Dealers (PDs) Dear Sir/Madam, Permission to standalone PDs for membership in SEBI approved Stock Exchanges for trading in corporate bonds With a view to further developing the debt market in India, it has been decided to permit standalone PDs to become members of SEBI approved stock exchanges for the purpose of undertaking proprietary transactions in corporate bonds. While doin

RBI/2012-13/412 IDMD. PCD.No.2310/14.03.05/2012-13 February 06, 2013 All Standalone Primary Dealers (PDs) Dear Sir/Madam, Permission to standalone PDs for membership in SEBI approved Stock Exchanges for trading in corporate bonds With a view to further developing the debt market in India, it has been decided to permit standalone PDs to become members of SEBI approved stock exchanges for the purpose of undertaking proprietary transactions in corporate bonds. While doin

Permission to standalone PDs for trading in corporate bonds

Disclosure Requirements on Advances Restructured by Banks and Financial Institutions

RBI/2012-13/409 DBOD.BP.BC.No.80/21.04.132/2012-13 January 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Disclosure Requirements on Advances Restructured by Banks and Financial Institutions Please refer to paragraph 16 of Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances dated July 2, 2012 in terms of which banks should disclose in their published Annual Balance Sheets, under "N

RBI/2012-13/409 DBOD.BP.BC.No.80/21.04.132/2012-13 January 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Disclosure Requirements on Advances Restructured by Banks and Financial Institutions Please refer to paragraph 16 of Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances dated July 2, 2012 in terms of which banks should disclose in their published Annual Balance Sheets, under "N

Disclosure Requirements on Advances Restructured by Banks and Financial Institutions

Financial Literacy Material

RBI/2012-13/408 RPCD.FLC.No.7641/12.01.018/2012-13 January 31, 2013 To Chairman/CMDs of Scheduled Commercial Banks (including RRBs) Dear Sir Financial Literacy Material Please refer to our circular RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012 regarding revised guidelines on the Financial Literacy Centres (FLC), in terms of which it was advised that FLCs and all the rural branches of scheduled commercial banks should scale up financial literacy efforts throug

RBI/2012-13/408 RPCD.FLC.No.7641/12.01.018/2012-13 January 31, 2013 To Chairman/CMDs of Scheduled Commercial Banks (including RRBs) Dear Sir Financial Literacy Material Please refer to our circular RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012 regarding revised guidelines on the Financial Literacy Centres (FLC), in terms of which it was advised that FLCs and all the rural branches of scheduled commercial banks should scale up financial literacy efforts throug

Financial Literacy Material

RRBs/StCBs/DCCBs - KYC Norms /AML Standards/Combating of Financing of Terrorism/Obligation of banks under PMLA, 2002

RBI/2012-13/410 RPCD.RRB.RCB.BC.No. 63 /07.51.018/2012-13 January 30, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Please refer to our circular RPCD.CO.RRB.RCB.AML.No.6097/07.51.018/ 2012-13 dated December 13, 2012 on simplificat

RBI/2012-13/410 RPCD.RRB.RCB.BC.No. 63 /07.51.018/2012-13 January 30, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Please refer to our circular RPCD.CO.RRB.RCB.AML.No.6097/07.51.018/ 2012-13 dated December 13, 2012 on simplificat

RRBs/StCBs/DCCBs - KYC Norms /AML Standards/Combating of Financing of Terrorism/Obligation of banks under PMLA, 2002

StCBs/RRBs - Maintenance of CRR

RBI/2012-13/406 RPCD.CO.RCB.RRB.BC.No. 61/03.05.33/2012-13 January 29, 2013 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.RRB.BC.No.39/03.05.33/2012-13 dated October 30, 2012, on the captioned subject. 2. @@NBSP@@As set out in the Reserve Bank’s Press Release 2012-2013/1267 dated January 29, 2013, it has been decided to reduce th

RBI/2012-13/406 RPCD.CO.RCB.RRB.BC.No. 61/03.05.33/2012-13 January 29, 2013 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.RRB.BC.No.39/03.05.33/2012-13 dated October 30, 2012, on the captioned subject. 2. @@NBSP@@As set out in the Reserve Bank’s Press Release 2012-2013/1267 dated January 29, 2013, it has been decided to reduce th

StCBs/RRBs - Maintenance of CRR

Measures to enhance the role of standalone Primary Dealers in Corporate Bond Market

RBI/2012-13/405 IDMD. PCD. No. 2223 / 14.03.05 /2012-13 January 30, 2013 All Standalone Primary Dealers Dear Sir/Madam, Measures to enhance the role of standalone Primary Dealers in Corporate Bond Market With a view to enhance standalone Primary Dealers’ (PDs) role in corporate debt market, it has been decided to: Allow PDs a sub-limit of 50% of net owned funds for investment in corporate bonds within the overall permitted average fortnightly limit of 225 per cent of

RBI/2012-13/405 IDMD. PCD. No. 2223 / 14.03.05 /2012-13 January 30, 2013 All Standalone Primary Dealers Dear Sir/Madam, Measures to enhance the role of standalone Primary Dealers in Corporate Bond Market With a view to enhance standalone Primary Dealers’ (PDs) role in corporate debt market, it has been decided to: Allow PDs a sub-limit of 50% of net owned funds for investment in corporate bonds within the overall permitted average fortnightly limit of 225 per cent of

Measures to enhance the role of standalone Primary Dealers in Corporate Bond Market

Standing Liquidity Facilities for Banks and Primary Dealers

RBI/2012-13/400 REF.No.MPD.BC.361 /07.01.279/2012-13 Magha 9, 1934 (Saka) January 29, 2013 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 the Third Quarter Review of Monetary Policy 2012-13 dated January 29, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been decreased by 25 basis points from 8.00 per

RBI/2012-13/400 REF.No.MPD.BC.361 /07.01.279/2012-13 Magha 9, 1934 (Saka) January 29, 2013 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 the Third Quarter Review of Monetary Policy 2012-13 dated January 29, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been decreased by 25 basis points from 8.00 per

Standing Liquidity Facilities for Banks and Primary Dealers

Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002

RBI/2012-13/399 DBOD.AML.BC. No. 78 /14.01.001/2012-13 January 29, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Please refer to our circular DBOD.AML.BC. No. 65/14.01.001/ 2012-13 dated Decembe

RBI/2012-13/399 DBOD.AML.BC. No. 78 /14.01.001/2012-13 January 29, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Please refer to our circular DBOD.AML.BC. No. 65/14.01.001/ 2012-13 dated Decembe

Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002

Liquidity Adjustment Facility - Repo and Reverse Repo and Marginal Standing Facility Rates

RBI/2012-2013/398 FMD.MOAG. No.74/01.01.001/2012-13 January 29, 2013 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Repo and Reverse Repo and Marginal Standing Facility Rates As announced today by the Governor in the Third Quarter Review of the Monetary Policy 2012-13, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 8.00 per cent to 7.75 per

RBI/2012-2013/398 FMD.MOAG. No.74/01.01.001/2012-13 January 29, 2013 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Repo and Reverse Repo and Marginal Standing Facility Rates As announced today by the Governor in the Third Quarter Review of the Monetary Policy 2012-13, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 8.00 per cent to 7.75 per

Liquidity Adjustment Facility - Repo and Reverse Repo and Marginal Standing Facility Rates

Third Quarter Review of Monetary Policy 2012-13

By Dr. D. Subbarao Governor Introduction Since the Second Quarter Review (SQR) of Monetary Policy in October 2012, headwinds holding back the global economy have begun to abate gradually, although sluggish conditions prevail. In the US, activity gathered momentum in Q3 of 2012 but this is unlikely to have been sustained in Q4. While a political consensus to avert the ‘fiscal cliff’ has calmed financial markets, how the debt ceiling is managed will be crucial in shapin

By Dr. D. Subbarao Governor Introduction Since the Second Quarter Review (SQR) of Monetary Policy in October 2012, headwinds holding back the global economy have begun to abate gradually, although sluggish conditions prevail. In the US, activity gathered momentum in Q3 of 2012 but this is unlikely to have been sustained in Q4. While a political consensus to avert the ‘fiscal cliff’ has calmed financial markets, how the debt ceiling is managed will be crucial in shapin

Third Quarter Review of Monetary Policy 2012-13