Regulating Commercial Banking

Bank Rate

RBI/2011-2012/396 Ref.No.MPD.BC.352/05.03.004/2011-12 February 13, 2012 Magha 24, 1933 (Saka) To All Scheduled Commercial Banks 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 the discount rate, the Bank Rate should technically be higher than t

RBI/2011-2012/396 Ref.No.MPD.BC.352/05.03.004/2011-12 February 13, 2012 Magha 24, 1933 (Saka) To All Scheduled Commercial Banks 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 the discount rate, the Bank Rate should technically be higher than t

Bank Rate

Clarification - Establishment of Project Offices in India by Foreign Entities - General Permission

RBI/2011-12/392 A.P. (DIR Series) Circular No. 76 February 09, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Clarification - Establishment of Project Offices in India by Foreign Entities – General Permission Attention of the Authorised Dealer Category - I (AD Category - I) banks is invited to Regulation 4 of Notification No.FEMA 22 /2000-RB dated May 3, 2000, viz., Foreign Exchange Management (Establishment in India of Branch or Office or other Place o

RBI/2011-12/392 A.P. (DIR Series) Circular No. 76 February 09, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Clarification - Establishment of Project Offices in India by Foreign Entities – General Permission Attention of the Authorised Dealer Category - I (AD Category - I) banks is invited to Regulation 4 of Notification No.FEMA 22 /2000-RB dated May 3, 2000, viz., Foreign Exchange Management (Establishment in India of Branch or Office or other Place o

Clarification - Establishment of Project Offices in India by Foreign Entities - General Permission

Unclaimed Deposits/Inoperative Accounts in Banks - Display List of Inoperative Accounts -StCBs/DCCBs/RRBs

RBI/2011-12/393 RPCD.No.RRB.RCB.BC.58/03.05.033/2011-12 February 8, 2012 All State and Central Co-operative Banks / Regional Rural Banks Dear Sir, Unclaimed Deposits / Inoperative Accounts in Banks - Display List of Inoperative Accounts Please refer to our Circulars RPCD. CO. RF. BC. No.89/07.38.01/2008-09@@NBSP@@dated February 18, 2009 and RPCD. CO. RRB. BC. No.108/03.05.33/2008-09 dated May 22, 2009 where in detailed instructions have been given to State and Central

RBI/2011-12/393 RPCD.No.RRB.RCB.BC.58/03.05.033/2011-12 February 8, 2012 All State and Central Co-operative Banks / Regional Rural Banks Dear Sir, Unclaimed Deposits / Inoperative Accounts in Banks - Display List of Inoperative Accounts Please refer to our Circulars RPCD. CO. RF. BC. No.89/07.38.01/2008-09@@NBSP@@dated February 18, 2009 and RPCD. CO. RRB. BC. No.108/03.05.33/2008-09 dated May 22, 2009 where in detailed instructions have been given to State and Central

Unclaimed Deposits/Inoperative Accounts in Banks - Display List of Inoperative Accounts -StCBs/DCCBs/RRBs

Unclaimed Deposits/ Inoperative Accounts in Banks - Display list of Inoperative Accounts

RBI/2011-12/389 DBOD.No.Leg.BC. 81/09.07.005/2011-12 February 7, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Unclaimed Deposits/ Inoperative Accounts in Banks - Display list of Inoperative Accounts Please refer to our Circular DBOD.No.Leg.BC.34/09.07.005/2008-09 dated August 22, 2008, wherein detailed instructions have been given to banks on dealing with unclaimed deposits / inoperative accounts.@@NBSP@@ They have been advised to find the whereabout

RBI/2011-12/389 DBOD.No.Leg.BC. 81/09.07.005/2011-12 February 7, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Unclaimed Deposits/ Inoperative Accounts in Banks - Display list of Inoperative Accounts Please refer to our Circular DBOD.No.Leg.BC.34/09.07.005/2008-09 dated August 22, 2008, wherein detailed instructions have been given to banks on dealing with unclaimed deposits / inoperative accounts.@@NBSP@@ They have been advised to find the whereabout

Unclaimed Deposits/ Inoperative Accounts in Banks - Display list of Inoperative Accounts

Secondary market transactions in Government Securities - Short Selling

RBI/2011-12/386 IDMD.PCD. 18/14.03.07/2011-12 February 6, 2012 All market participants Dear Sir/Madam Secondary market transactions in Government Securities - Short Selling Please refer to circular IDMD.PCD.14/14.03.07/2011-12 dated December 28, 2011 on the captioned subject. 2. In this regard, the monthly report on short selling has been modified to capture the changes in the regulatory limits during the month (due to change in the outstanding amount of the G-Sec and

RBI/2011-12/386 IDMD.PCD. 18/14.03.07/2011-12 February 6, 2012 All market participants Dear Sir/Madam Secondary market transactions in Government Securities - Short Selling Please refer to circular IDMD.PCD.14/14.03.07/2011-12 dated December 28, 2011 on the captioned subject. 2. In this regard, the monthly report on short selling has been modified to capture the changes in the regulatory limits during the month (due to change in the outstanding amount of the G-Sec and

Secondary market transactions in Government Securities - Short Selling

Transactions in Government Securities

RBI/2011-12/387 IDMD.PCD. 19 /14.03.07/2011-12 February 6, 2012 All market participants Dear Sir/Madam Transactions in Government Securities Please refer to circular IDMD.PDRS.5/10.02.01/2003-04 dated March 29, 2004 on the captioned subject. 2. In terms of para 3 and 4 of the aforementioned circular, sale of G-Sec already contracted for purchase is permitted and that the forward leg of a repo transaction is also treated as a ‘purchase’ contract. Accordingly, sale of G

RBI/2011-12/387 IDMD.PCD. 19 /14.03.07/2011-12 February 6, 2012 All market participants Dear Sir/Madam Transactions in Government Securities Please refer to circular IDMD.PDRS.5/10.02.01/2003-04 dated March 29, 2004 on the captioned subject. 2. In terms of para 3 and 4 of the aforementioned circular, sale of G-Sec already contracted for purchase is permitted and that the forward leg of a repo transaction is also treated as a ‘purchase’ contract. Accordingly, sale of G

Transactions in Government Securities

Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 Industrial and Commercial Bank of China Limited

RBI/20011-12/384 Ref.DBOD.No.Ret.BC 77/12.06.132/2011-12 February 03, 2012 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 Industrial and Commercial Bank of China Limited We advise that the name of "Industrial and Commercial Bank of China Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD.IBD.No./8136/ 23.03.026/2011-12 dated December 01, 2011 pu

RBI/20011-12/384 Ref.DBOD.No.Ret.BC 77/12.06.132/2011-12 February 03, 2012 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 Industrial and Commercial Bank of China Limited We advise that the name of "Industrial and Commercial Bank of China Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD.IBD.No./8136/ 23.03.026/2011-12 dated December 01, 2011 pu

Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 Industrial and Commercial Bank of China Limited

Unhedged Foreign Currency Exposure of Corporates

RBI/2011-12/382 DBOD.BP.BC.No.76 /21.04.103/2011-12 February 2, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Second Quarter Review of Monetary Policy 2011-12 – Unhedged Foreign Currency Exposure of Corporates Please refer to paragraphs 102 and 103 of the Second Quarter Review of Monetary Policy 2011-12 (extract enclosed) on ‘Monitoring of Unhedged Foreign Currency Exposure of Corporates by Banks’. 2. In terms of our circular Nos. DBOD. BP. BC. 37/21.

RBI/2011-12/382 DBOD.BP.BC.No.76 /21.04.103/2011-12 February 2, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Second Quarter Review of Monetary Policy 2011-12 – Unhedged Foreign Currency Exposure of Corporates Please refer to paragraphs 102 and 103 of the Second Quarter Review of Monetary Policy 2011-12 (extract enclosed) on ‘Monitoring of Unhedged Foreign Currency Exposure of Corporates by Banks’. 2. In terms of our circular Nos. DBOD. BP. BC. 37/21.

Unhedged Foreign Currency Exposure of Corporates

Implementation of Section 51-A of UAPA, 1967 - Updates of UNSCR 1267 (1999) and 1989 (2011) Committee's Al-Qaida Sanctions List

RBI/2011-12/381@@NBSP@@ RPCD.CO.RCB.AML.No.7695/07.02.12/2011-12 February 1, 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 UNSCR 1267 (1999) and 1989 (2011) Committee's Al-Qaida Sanctions List Please refer to our circular RPCD.CO.RCB.AML.No.6764/07.02.12/2011-12 dated January 06, 2012 and RPCD.CO.RRB.AML.No.6723/03.05.28(A)/2011-12 dated January 5, 2012.

RBI/2011-12/381@@NBSP@@ RPCD.CO.RCB.AML.No.7695/07.02.12/2011-12 February 1, 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 UNSCR 1267 (1999) and 1989 (2011) Committee's Al-Qaida Sanctions List Please refer to our circular RPCD.CO.RCB.AML.No.6764/07.02.12/2011-12 dated January 06, 2012 and RPCD.CO.RRB.AML.No.6723/03.05.28(A)/2011-12 dated January 5, 2012.

Implementation of Section 51-A of UAPA, 1967 - Updates of UNSCR 1267 (1999) and 1989 (2011) Committee's Al-Qaida Sanctions List

Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267(1999) /1989(2011)

RBI/2011‐12/375 DBOD. AML. No. 11330 /14.06.001/2011-12 January 31, 2012 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions 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 DBOD. AML. No. 9855/14.06.001/2011-12 dated January 3, 2012. We have since received from Government of India,

RBI/2011‐12/375 DBOD. AML. No. 11330 /14.06.001/2011-12 January 31, 2012 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions 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 DBOD. AML. No. 9855/14.06.001/2011-12 dated January 3, 2012. We have since received from Government of India,

Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267(1999) /1989(2011)