Notifications - Regulating Commercial Banking - RBI - Reserve Bank of India
Notifications
Dec 24, 2010
Financial Assistance to Senior Citizens, Widows and Handicapped persons
RBI/2010-11/328 RPCD.CO.RRB.BC No. 38/ 03.05.33/2010-11 December 24, 2010 The Chairmen All Regional Rural Banks Dear Sir, Financial Assistance to Senior Citizens, Widows and Handicapped persons Please refer to our circulars RPCD. CO. No. RRB. BC. 57/ 03.05.33(F)/ 2005-06 dated December 27, 2005 and RPCD. CO. FID. BC. No. / 12.01.012/ 2010-11 (RBI/ 2010-11/ 253 dated November 1, 2010, in terms of which RRBs are permitted to handle pension accounts and other government
RBI/2010-11/328 RPCD.CO.RRB.BC No. 38/ 03.05.33/2010-11 December 24, 2010 The Chairmen All Regional Rural Banks Dear Sir, Financial Assistance to Senior Citizens, Widows and Handicapped persons Please refer to our circulars RPCD. CO. No. RRB. BC. 57/ 03.05.33(F)/ 2005-06 dated December 27, 2005 and RPCD. CO. FID. BC. No. / 12.01.012/ 2010-11 (RBI/ 2010-11/ 253 dated November 1, 2010, in terms of which RRBs are permitted to handle pension accounts and other government
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Dec 24, 2010
RTGS System - Use of NEFT Customer Facilitation Centres
RBI/ 2010-11/ 327 DPSS (CO) RTGS No. 1433 / 04.04.002 / 2010-2011 December 24, 2010 Chairman and Managing Director / Chief Executive Officer of all banks participating in RTGS and NEFT Madam / Dear Sir, RTGS System – Use of NEFT Customer Facilitation Centres Please refer to our circular DPSS (CO) EPPD No. 893 / 04.03.02 / 2009-2010 dated November 11, 2009 on the captioned subject. 2. You are aware that there has been a remarkable growth of customer transactions in RTG
RBI/ 2010-11/ 327 DPSS (CO) RTGS No. 1433 / 04.04.002 / 2010-2011 December 24, 2010 Chairman and Managing Director / Chief Executive Officer of all banks participating in RTGS and NEFT Madam / Dear Sir, RTGS System – Use of NEFT Customer Facilitation Centres Please refer to our circular DPSS (CO) EPPD No. 893 / 04.03.02 / 2009-2010 dated November 11, 2009 on the captioned subject. 2. You are aware that there has been a remarkable growth of customer transactions in RTG
Dec 23, 2010
Credit Information Companies (Regulation) Act, 2005 - Grant of 'Certificate of Registration' - for commencing business of Credit Information - High Mark Credit Information Services Private Limited
RBI/2010-11/325 UBD.BPD.(PCB) Cir. No 30/09.11.200/2010-11 December 22, 2010 The Chief Executive Officer, All Primary (Urban) Co-operative Banks. Dear Sir, Credit Information Companies (Regulation) Act, 2005 - Grant of 'Certificate of Registration' - for commencing business of Credit Information - High Mark Credit Information Services Private Limited. Please refer to Circular UBD.CO.BPD.Cir.No. 60/09.11.200/2009-10 dated April 29, 2010 providing details of credit info
RBI/2010-11/325 UBD.BPD.(PCB) Cir. No 30/09.11.200/2010-11 December 22, 2010 The Chief Executive Officer, All Primary (Urban) Co-operative Banks. Dear Sir, Credit Information Companies (Regulation) Act, 2005 - Grant of 'Certificate of Registration' - for commencing business of Credit Information - High Mark Credit Information Services Private Limited. Please refer to Circular UBD.CO.BPD.Cir.No. 60/09.11.200/2009-10 dated April 29, 2010 providing details of credit info
Dec 23, 2010
Housing Loans by Commercial Banks - LTV Ratio, Risk Weight and Provisioning
RBI No.2010-11/324 DBOD.No.BP.BC. 69 /08.12.001/2010-11 December 23, 2010 The Chairmen and Managing Directors/ Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam, Housing Loans by Commercial Banks – LTV Ratio, Risk Weight and Provisioning Please refer to paragraphs 104 to 106 of the Second Quarter Review of Monetary Policy 2010-11 (extracts enclosed), proposing certain measures in regard to housing loans by commercial bank
RBI No.2010-11/324 DBOD.No.BP.BC. 69 /08.12.001/2010-11 December 23, 2010 The Chairmen and Managing Directors/ Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam, Housing Loans by Commercial Banks – LTV Ratio, Risk Weight and Provisioning Please refer to paragraphs 104 to 106 of the Second Quarter Review of Monetary Policy 2010-11 (extracts enclosed), proposing certain measures in regard to housing loans by commercial bank
Dec 21, 2010
List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
RBI/2010-11/318 DBOD. AML.No.9636/14.06.081/2010-11 December 21, 2010 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML.No.9042/14.06.080/2010-11 dated December 8, 2010. We have since received from Government of India (Ministr
RBI/2010-11/318 DBOD. AML.No.9636/14.06.081/2010-11 December 21, 2010 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML.No.9042/14.06.080/2010-11 dated December 8, 2010. We have since received from Government of India (Ministr
Dec 16, 2010
Section 24 of Banking Regulation Act, 1949 - Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) - Additional Liquidity Support under Liquidity Adjustment Facility (LAF)
RBI/2010-11/317 Ref. DBOD.No.Ret.BC.68 /12.02.001/2010-11 December 16, 2010 All Scheduled Commercial Banks Dear Sir, Section 24 of Banking Regulation Act, 1949 - Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) – Additional Liquidity Support under Liquidity Adjustment Facility (LAF) Please refer to our circular DBOD. No. Ret. BC.63/12.02.001/2010-11 dated November 30, 2010 wherein it was advised that Scheduled Commercial Banks may avail of the additional li
RBI/2010-11/317 Ref. DBOD.No.Ret.BC.68 /12.02.001/2010-11 December 16, 2010 All Scheduled Commercial Banks Dear Sir, Section 24 of Banking Regulation Act, 1949 - Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) – Additional Liquidity Support under Liquidity Adjustment Facility (LAF) Please refer to our circular DBOD. No. Ret. BC.63/12.02.001/2010-11 dated November 30, 2010 wherein it was advised that Scheduled Commercial Banks may avail of the additional li
Dec 16, 2010
Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
RBI/2010-11/316 DBOD.Ret.BC. 67/12.02.001/2010-11 December 16, 2010 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR). Please refer to our circular DBOD. No. Ret. BC. 51/12.02.001/2009-10 dated October 28, 2009 on the captioned subject. 2. @@NBSP@@As announced in the Mid-Quarter Review of Monetary Policy released on December 16, 2010, it has been dec
RBI/2010-11/316 DBOD.Ret.BC. 67/12.02.001/2010-11 December 16, 2010 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR). Please refer to our circular DBOD. No. Ret. BC. 51/12.02.001/2009-10 dated October 28, 2009 on the captioned subject. 2. @@NBSP@@As announced in the Mid-Quarter Review of Monetary Policy released on December 16, 2010, it has been dec
Dec 15, 2010
Credit to NRE account through RTGS / NEFT / NECS / ECS - Issuance of Foreign Inward Remittance Certificate (FIRC)
RBI/2010-11/315 DPSS (CO) EPPD No. 1309 / 04.03.01 / 2010-11 December 13, 2010 The Chairman and Managing Director / Chief Executive Officer of member banks participating in @@NBSP@@RTGS / NEFT / NECS / ECS Madam / Dear Sir, Credit to NRE account through RTGS / NEFT / NECS / ECS - Issuance of Foreign Inward Remittance Certificate (FIRC) Please refer to our letter DPSS (CO) EPPD No.327/04.03.01/2009-10 dated August 14, 2009 on the subject. We were receiving references f
RBI/2010-11/315 DPSS (CO) EPPD No. 1309 / 04.03.01 / 2010-11 December 13, 2010 The Chairman and Managing Director / Chief Executive Officer of member banks participating in @@NBSP@@RTGS / NEFT / NECS / ECS Madam / Dear Sir, Credit to NRE account through RTGS / NEFT / NECS / ECS - Issuance of Foreign Inward Remittance Certificate (FIRC) Please refer to our letter DPSS (CO) EPPD No.327/04.03.01/2009-10 dated August 14, 2009 on the subject. We were receiving references f
Dec 14, 2010
RRBs - List of Terrorist Individuals / Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban / Al-Qaida Organisation
RBI/2010-11/313 RPCD.CORRB.AML.No.6722/03.05.28(A)/2010-11 December 14, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, List of Terrorist Individuals / Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban / Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RRB.AML.No.4630/03.05.28 (A)/2010-11 dated October 20, 2010 on the captioned subject. We have since received from Government of India (Ministry of External Affairs) copy of no
RBI/2010-11/313 RPCD.CORRB.AML.No.6722/03.05.28(A)/2010-11 December 14, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, List of Terrorist Individuals / Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban / Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RRB.AML.No.4630/03.05.28 (A)/2010-11 dated October 20, 2010 on the captioned subject. We have since received from Government of India (Ministry of External Affairs) copy of no
Dec 14, 2010
StCBs/DCCBs - List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
RBI/2010-11/ 312 RPCD.CO.RCB.AML.No.6706/07.02.12/2010-11 December 14, 2010 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RF.AML.No. 4726/07.02.12/2010-11 dated October 22, 2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated Decemb
RBI/2010-11/ 312 RPCD.CO.RCB.AML.No.6706/07.02.12/2010-11 December 14, 2010 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RF.AML.No. 4726/07.02.12/2010-11 dated October 22, 2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated Decemb
Dec 13, 2010
List of Terrorist Individuals/Organizations - under UNSCR 1267 (1999) and 1822 (2008) on Taliban/ Al-Qaida Organization
RBI/2010-11/310 UBD.CO.BPD.(PCB). Cir.No. 29/14.01.062/2010-11 December 13, 2010 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Dear Sir/ Madam, List of Terrorist Individuals/Organizations – under UNSCR 1267 (1999) and 1822 (2008) on Taliban/ Al-Qaida Organization Please refer to our circular UBD (PCB) CO.BPD.Cir No. 16/14.01.062/2010-11 dated October 19, 2010 on the above subject. We enclose a copy of note dated December 7, 2010 (received from
RBI/2010-11/310 UBD.CO.BPD.(PCB). Cir.No. 29/14.01.062/2010-11 December 13, 2010 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Dear Sir/ Madam, List of Terrorist Individuals/Organizations – under UNSCR 1267 (1999) and 1822 (2008) on Taliban/ Al-Qaida Organization Please refer to our circular UBD (PCB) CO.BPD.Cir No. 16/14.01.062/2010-11 dated October 19, 2010 on the above subject. We enclose a copy of note dated December 7, 2010 (received from
Dec 10, 2010
Financial Inclusion by Extension of Banking Services - Use of Business Correspondents / Business Facilitators by Urban Co-operative Banks
RBI/2010-11/308 UBD.BPD. (PCB). Cir. No 28/09.18.300/2010-11 December 10, 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir / Madam Financial Inclusion by Extension of Banking Services – Use of Business Correspondents / Business Facilitators by Urban Co-operative Banks The Reserve Bank had announced in its Second Quarter Review of Monetary Policy 2010-11 that well managed and financially sound Urban Co-operative Banks (UCBs) would be allowed t
RBI/2010-11/308 UBD.BPD. (PCB). Cir. No 28/09.18.300/2010-11 December 10, 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir / Madam Financial Inclusion by Extension of Banking Services – Use of Business Correspondents / Business Facilitators by Urban Co-operative Banks The Reserve Bank had announced in its Second Quarter Review of Monetary Policy 2010-11 that well managed and financially sound Urban Co-operative Banks (UCBs) would be allowed t
Dec 10, 2010
StCBs/DCCBs - Know Your Customer Guidelines - Salaried Employees
RBI/2010 -11/307 RPCD.CO.RCB.AML.BC. No.37/07.40.00/2010-11 @@NBSP@@December 10, 2010 The Chief Executives of all State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) guidelines - Salaried Employees Please refer to Annex-II to the Guidelines on 'Know Your Customer' Norms and Anti-Money Laundering Measures' enclosed to our circular RPCD.AML.BC.No.80/07.40.00/2004-05 dated February 18, 2005 wherein an indicative list of the nature and type of document
RBI/2010 -11/307 RPCD.CO.RCB.AML.BC. No.37/07.40.00/2010-11 @@NBSP@@December 10, 2010 The Chief Executives of all State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) guidelines - Salaried Employees Please refer to Annex-II to the Guidelines on 'Know Your Customer' Norms and Anti-Money Laundering Measures' enclosed to our circular RPCD.AML.BC.No.80/07.40.00/2004-05 dated February 18, 2005 wherein an indicative list of the nature and type of document
Dec 08, 2010
List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
RBI/2010-11/306 DBOD. AML.No. 9042 /14.06.080/2010-11 @@NBSP@@December 8, 2010 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML.No.5333/14.06.079/2010-11 dated October 1, 2010. @@NBSP@@We have since received from Government o
RBI/2010-11/306 DBOD. AML.No. 9042 /14.06.080/2010-11 @@NBSP@@December 8, 2010 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML.No.5333/14.06.079/2010-11 dated October 1, 2010. @@NBSP@@We have since received from Government o
Dec 08, 2010
RRBs - Grant of Certificate of Registration for commencing business of Credit Information - High Mark Credit Information Services Private Limited
RBI/2010-11/304 RPCD.CO RRB.BC. No. 36 /03.05.33/2010-11@@NBSP@@ @@NBSP@@@@NBSP@@December 08, 2010 The Chairman All Regional Rural Banks (RRBs) Dear Sir/Madam, Grant of ‘Certificate of Registration’ – For commencing business of Credit Information – High Mark Credit Information Services Private Limited Please refer to our circulars RPCD.CO.RRB.BC.No.62 /03.05.33 /2009-10 dated March 23, 2010 and RPCD. CO.@@NBSP@@ RRB. BC. No.70 / 03.05.33 / 2009-10 dated April 19, 2010
RBI/2010-11/304 RPCD.CO RRB.BC. No. 36 /03.05.33/2010-11@@NBSP@@ @@NBSP@@@@NBSP@@December 08, 2010 The Chairman All Regional Rural Banks (RRBs) Dear Sir/Madam, Grant of ‘Certificate of Registration’ – For commencing business of Credit Information – High Mark Credit Information Services Private Limited Please refer to our circulars RPCD.CO.RRB.BC.No.62 /03.05.33 /2009-10 dated March 23, 2010 and RPCD. CO.@@NBSP@@ RRB. BC. No.70 / 03.05.33 / 2009-10 dated April 19, 2010
Dec 07, 2010
Submission of data to Credit Information Companies
RBI/2010-11/301 RPCD.CO.RCB.BC.No.33/07.40.06/2010-11 December 7, 2010 All State and Central Co-operative Banks Dear Sir, Submission of data to Credit Information Companies Please refer to our circular RPCD.CO.RF.BC.No.17/07.40.06/2010-11 dated September 6, 2010 on the captioned subject. 2. It is advised that, on November 25, 2010, the Reserve Bank has issued ‘Certificate of Registration’ to High Mark Credit Information Services Private Limited to commence the busines
RBI/2010-11/301 RPCD.CO.RCB.BC.No.33/07.40.06/2010-11 December 7, 2010 All State and Central Co-operative Banks Dear Sir, Submission of data to Credit Information Companies Please refer to our circular RPCD.CO.RF.BC.No.17/07.40.06/2010-11 dated September 6, 2010 on the captioned subject. 2. It is advised that, on November 25, 2010, the Reserve Bank has issued ‘Certificate of Registration’ to High Mark Credit Information Services Private Limited to commence the busines
Dec 07, 2010
KYC Norms/AML Standards/Combating Financing of Terrorism/Obligation of banks under PMLA, 2002 - Level of Compliance
RBI/2010-11/300 RPCD.CO.RCB.AML.BC. No.32/07.40.00/ 2010-11 December 7, 2010 The Chief Executives of all 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, 2002 (PMLA) - Level of Compliance Please refer to our circulars RPCD.AML.BC.No.80/07.40.00/2004-05 dated February 18, 2005, RPCD.CO.RF.AML.BC.No.28
RBI/2010-11/300 RPCD.CO.RCB.AML.BC. No.32/07.40.00/ 2010-11 December 7, 2010 The Chief Executives of all 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, 2002 (PMLA) - Level of Compliance Please refer to our circulars RPCD.AML.BC.No.80/07.40.00/2004-05 dated February 18, 2005, RPCD.CO.RF.AML.BC.No.28
Dec 07, 2010
Balances held by State and Central Co-operative Banks with IDBI Bank Limited - Treatment for CRR / SLR Purpose
RBI/2010-11/302 RPCD.CO.RCB.BC.No.34/07.02.01/2010-11 December 7, 2010 The Chief Executive Officers, All State / Central Co-operative Banks (StCBs/DCCBs) Dear Sir, Balances held by State and Central Co-operative Banks with IDBI Bank Limited - Treatment for CRR / SLR Purpose It has been decided that State and Central Co-operative Banks are exempted till further order from the obligation of maintenance of cash reserve ratio (CRR) under section 18 or assets in the form o
RBI/2010-11/302 RPCD.CO.RCB.BC.No.34/07.02.01/2010-11 December 7, 2010 The Chief Executive Officers, All State / Central Co-operative Banks (StCBs/DCCBs) Dear Sir, Balances held by State and Central Co-operative Banks with IDBI Bank Limited - Treatment for CRR / SLR Purpose It has been decided that State and Central Co-operative Banks are exempted till further order from the obligation of maintenance of cash reserve ratio (CRR) under section 18 or assets in the form o
Dec 07, 2010
Operation of bank accounts and money mules
RBI/2010-11/303 DBOD. AML. BC. No. 65/14 .01.001/2010-11 December 7, 2010 The Chairmen/CEOs of all Scheduled Commercial Banks (excluding RRBs) / All India Financial Institutions/Local Area Banks Dear Sir, Operation of bank accounts & money mules With a view to preventing banks from being used, intentionally or unintentionally, by criminal elements for money laundering or terrorist financing activities Reserve Bank of India has issued guidelines on Know Your Custom
RBI/2010-11/303 DBOD. AML. BC. No. 65/14 .01.001/2010-11 December 7, 2010 The Chairmen/CEOs of all Scheduled Commercial Banks (excluding RRBs) / All India Financial Institutions/Local Area Banks Dear Sir, Operation of bank accounts & money mules With a view to preventing banks from being used, intentionally or unintentionally, by criminal elements for money laundering or terrorist financing activities Reserve Bank of India has issued guidelines on Know Your Custom
Dec 06, 2010
RRBs - Opening of bank accounts - salaried employees
RBI/2010-11/298 RPCD.CORRB.AML.BC.No.31/ 03.05.33(E)/2010-11 December 06, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Opening of bank accounts - salaried employees Please refer to our circular RPCD. No. RRB. BC. 81/03.05.33(E) / 2004-05 dated February 18, 2005 on 'Know Your Customer'(KYC) Guidelines – Anti Money Laundering Standards. In Annex II to the Guidelines on 'Know Your Customer' norms and Anti-Money Laundering Measures enclosed with the circula
RBI/2010-11/298 RPCD.CORRB.AML.BC.No.31/ 03.05.33(E)/2010-11 December 06, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Opening of bank accounts - salaried employees Please refer to our circular RPCD. No. RRB. BC. 81/03.05.33(E) / 2004-05 dated February 18, 2005 on 'Know Your Customer'(KYC) Guidelines – Anti Money Laundering Standards. In Annex II to the Guidelines on 'Know Your Customer' norms and Anti-Money Laundering Measures enclosed with the circula
Dec 01, 2010
Prudential Guidelines-Investment in Venture Capital Funds (VCFs)
RBI/2010-11/296 DBOD.FID.FIC.No@@NBSP@@ 9/01.02.00/2010-11 December 1, 2010 The CEOs of select All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Prudential Guidelines-Investment in Venture Capital Funds (VCFs) Please find enclosed circular DBOD No. BP .BC.27/21.01.002/2006-2007 dated August 23, 2006 on the above subject. In this connection, it is advised that the above guidelines issued to banks, shall mutatis mutandis ap
RBI/2010-11/296 DBOD.FID.FIC.No@@NBSP@@ 9/01.02.00/2010-11 December 1, 2010 The CEOs of select All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Prudential Guidelines-Investment in Venture Capital Funds (VCFs) Please find enclosed circular DBOD No. BP .BC.27/21.01.002/2006-2007 dated August 23, 2006 on the above subject. In this connection, it is advised that the above guidelines issued to banks, shall mutatis mutandis ap
Dec 01, 2010
Grant of Certificate of Registration - For commencing business of Credit Information - High Mark Credit Information Services Private Limited
RBI/2010-11/294 DBOD No. CID. BC.64/20.16.042/2010-11 December 01, 2010 Chairmen / Managing Directors / CEOs All Scheduled Commercial Banks (excluding RRBs) & All India Financial Institutions Dear Sir, Grant of ‘Certificate of Registration’ – For commencing business of Credit Information – High Mark Credit Information Services Private Limited Please refer to our circulars DBOD No. DL. 15214/20.16.042/2009-10 dated March 04, 2010 and DL.BC.83/20.16.042/2009-10 date
RBI/2010-11/294 DBOD No. CID. BC.64/20.16.042/2010-11 December 01, 2010 Chairmen / Managing Directors / CEOs All Scheduled Commercial Banks (excluding RRBs) & All India Financial Institutions Dear Sir, Grant of ‘Certificate of Registration’ – For commencing business of Credit Information – High Mark Credit Information Services Private Limited Please refer to our circulars DBOD No. DL. 15214/20.16.042/2009-10 dated March 04, 2010 and DL.BC.83/20.16.042/2009-10 date
Nov 30, 2010
Shortfall in Maintenance of SLR - Additional Liquidity Support under LAF
RBI/2010-11/290 Ref. DBOD.No.Ret.BC. 63 /12.02.001/2010-11 November 30, 2010 All Scheduled Commercial Banks Dear Sir, Section 24 of Banking Regulation Act, 1949 -- Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) – Additional Liquidity Support under Liquidity Adjustment Facility (LAF) Please refer to our circular DBOD. No. Ret. BC. 60/12.02.001/2010-11 dated November 09, 2010 wherein it was advised that Scheduled Commercial Banks may avail of additional liq
RBI/2010-11/290 Ref. DBOD.No.Ret.BC. 63 /12.02.001/2010-11 November 30, 2010 All Scheduled Commercial Banks Dear Sir, Section 24 of Banking Regulation Act, 1949 -- Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) – Additional Liquidity Support under Liquidity Adjustment Facility (LAF) Please refer to our circular DBOD. No. Ret. BC. 60/12.02.001/2010-11 dated November 09, 2010 wherein it was advised that Scheduled Commercial Banks may avail of additional liq
Nov 30, 2010
Liquidity Adjustment Facility - Liquidity Easing Measure
RBI/2010-2011/291 FMD.MOAG. No. 55/01.01.01/2010-11 November 30, 2010 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Liquidity Easing Measure In continuation of our circular FMD.MAOG.No.54/01.01.01/2010-11 dated November 9, 2010, it has been decided to conduct Second Liquidity Adjustment Facility (SLAF) on a daily basis at 4.15 pm up to January 28, 2011. 2. All other terms and conditions of the current LAF
RBI/2010-2011/291 FMD.MOAG. No. 55/01.01.01/2010-11 November 30, 2010 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Liquidity Easing Measure In continuation of our circular FMD.MAOG.No.54/01.01.01/2010-11 dated November 9, 2010, it has been decided to conduct Second Liquidity Adjustment Facility (SLAF) on a daily basis at 4.15 pm up to January 28, 2011. 2. All other terms and conditions of the current LAF
Nov 29, 2010
Issuance and Operation of Prepaid Payment Instruments
RBI/2010-11/289 DPSS. CO. AD. No. /780/02.27.004/2010-11 November 24, 2010 The Chairmen and Managing Directors /Chief Executive Officers ofAll Scheduled Commercial Banks Madam/ Dear Sir Issuance and Operation of Prepaid Payment Instruments Please refer to our Policy Guidelines for issuance and operation of Prepaid Payment Instruments issued vide our circular DPSS.CO.PD.No.1873 /02.14.06/ 2008-09 dated April 27, 2009 on the above subject. 2. As per paragraph 7.3 of the
RBI/2010-11/289 DPSS. CO. AD. No. /780/02.27.004/2010-11 November 24, 2010 The Chairmen and Managing Directors /Chief Executive Officers ofAll Scheduled Commercial Banks Madam/ Dear Sir Issuance and Operation of Prepaid Payment Instruments Please refer to our Policy Guidelines for issuance and operation of Prepaid Payment Instruments issued vide our circular DPSS.CO.PD.No.1873 /02.14.06/ 2008-09 dated April 27, 2009 on the above subject. 2. As per paragraph 7.3 of the
Nov 25, 2010
Minimum Check to be followed for the Payment Systems operated under the PSS Act, 2007
DPSS.CO.No. 1167/06.07.002/2010-2011 25th November, 2010 All the entities authorised under PSS Act, 2007. Dear Sir, Minimum Check to be followed for the Payment Systems operated under the PSS Act, 2007 It has been decided that the operators of the payment system authorised by the Reserve Bank of India should at the minimum observe the following practices A Strong password policy should be implemented with a history of password usage being maintained. Periodical change
DPSS.CO.No. 1167/06.07.002/2010-2011 25th November, 2010 All the entities authorised under PSS Act, 2007. Dear Sir, Minimum Check to be followed for the Payment Systems operated under the PSS Act, 2007 It has been decided that the operators of the payment system authorised by the Reserve Bank of India should at the minimum observe the following practices A Strong password policy should be implemented with a history of password usage being maintained. Periodical change
Nov 18, 2010
Maximum Limit on Unsecured Loans and Advances
RBI/2010-11/284 UBD. BPD. (PCB) Cir. No. 21/13.05.000/2010-11 November 15, 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir/Madam, Maximum Limit on Unsecured Loans and Advances Please refer to our circular UBD BPD (PCB) Cir. No. 51/13.05.000/2002-03 dated April 29, 2003 and circular UBD BPD (PCB) Cir. No. 22/13.05.000/2005-06 dated December 5, 2005. The Reserve Bank had announced in its Second Quarter Review of Monetary Policy 2010-11 enhance
RBI/2010-11/284 UBD. BPD. (PCB) Cir. No. 21/13.05.000/2010-11 November 15, 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir/Madam, Maximum Limit on Unsecured Loans and Advances Please refer to our circular UBD BPD (PCB) Cir. No. 51/13.05.000/2002-03 dated April 29, 2003 and circular UBD BPD (PCB) Cir. No. 22/13.05.000/2005-06 dated December 5, 2005. The Reserve Bank had announced in its Second Quarter Review of Monetary Policy 2010-11 enhance
Nov 18, 2010
Section 23 of the Banking Regulation Act, 1949- Relaxations in Branch Licensing Policy
RBI/2010-11/283 RPCD.CO.RRB.BC No. 28/ 03.05.90-A/2010-11 November 18, 2010 The Chairmen All Regional Rural Banks Dear Sir, Section 23 of the Banking Regulation Act, 1949- Relaxations in Branch Licensing Policy A reference is invited to paragraph 80 of the Second Quarter Review of Monetary Policy for the Year 2010-11@@NBSP@@ (extract enclosed – Annex I) regarding the proposal to liberalise the extant Branch Licensing for Regional Rural Banks. 2. Accordingly, Reserve B
RBI/2010-11/283 RPCD.CO.RRB.BC No. 28/ 03.05.90-A/2010-11 November 18, 2010 The Chairmen All Regional Rural Banks Dear Sir, Section 23 of the Banking Regulation Act, 1949- Relaxations in Branch Licensing Policy A reference is invited to paragraph 80 of the Second Quarter Review of Monetary Policy for the Year 2010-11@@NBSP@@ (extract enclosed – Annex I) regarding the proposal to liberalise the extant Branch Licensing for Regional Rural Banks. 2. Accordingly, Reserve B
Nov 16, 2010
Up-gradation of the PDO-NDS application to Windows 2008
RBI/2010-11/282 DIT(CO) No. /09.61.002/2010-11 November 16, 2010 To All NDS Members Dear Sir, Reminder:@@NBSP@@ Up-gradation of the PDO-NDS application to Windows 2008 Kindly refer to our circular DIT(CO) Circular NO. /09.61.002/2009-10 dated November 30, 2009 on up-gradation of PDO-NDS System to Windows 2008 environment wherein the specification for hardware and software required for the up-gradation was given and members were advised to up-grade the system. 2. The n
RBI/2010-11/282 DIT(CO) No. /09.61.002/2010-11 November 16, 2010 To All NDS Members Dear Sir, Reminder:@@NBSP@@ Up-gradation of the PDO-NDS application to Windows 2008 Kindly refer to our circular DIT(CO) Circular NO. /09.61.002/2009-10 dated November 30, 2009 on up-gradation of PDO-NDS System to Windows 2008 environment wherein the specification for hardware and software required for the up-gradation was given and members were advised to up-grade the system. 2. The n
Nov 15, 2010
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - The Bank of Rajasthan Limited
RBI/2010-11/274 Ref. DBOD.Ret..BC. No. 62/12.06.031/2010-11 November 15, 2010 All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – The Bank of Rajasthan Limited We advise that the name of “The Bank of Rajasthan Limited” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD.No.PSBD/2866/16.01.056/2010-11 dated August 18, 2010, published in the Gazette of Ind
RBI/2010-11/274 Ref. DBOD.Ret..BC. No. 62/12.06.031/2010-11 November 15, 2010 All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – The Bank of Rajasthan Limited We advise that the name of “The Bank of Rajasthan Limited” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD.No.PSBD/2866/16.01.056/2010-11 dated August 18, 2010, published in the Gazette of Ind
Nov 12, 2010
Guidelines on Fair Practices Code for Lenders - Disclosing all information relating to processing fees/charges
RBI/2010 -11/272 DBOD. Leg. BC. 61/09.07.005/2010 -11 November 12, 2010 All Scheduled Commercial Banks / All India Financial Institutions (Excluding RRBs) Dear Sir, Guidelines on Fair Practices Code for Lenders – Disclosing all information relating to processing fees/charges Please refer to our Circular DBOD. No. Leg. BC. 86/09.07.005/2008-09 dated November 25, 2008 containing guidelines on the captioned subject wherein banks were advised to ensure that all informatio
RBI/2010 -11/272 DBOD. Leg. BC. 61/09.07.005/2010 -11 November 12, 2010 All Scheduled Commercial Banks / All India Financial Institutions (Excluding RRBs) Dear Sir, Guidelines on Fair Practices Code for Lenders – Disclosing all information relating to processing fees/charges Please refer to our Circular DBOD. No. Leg. BC. 86/09.07.005/2008-09 dated November 25, 2008 containing guidelines on the captioned subject wherein banks were advised to ensure that all informatio
Nov 12, 2010
Electronic Payment Products - Processing Inward Transactions based soley on Account Number Information
RBI/2010-11/271 UBD. BPD (PCB) No. 20 /12.05.001/2010-11 November@@NBSP@@ 12 , @@NBSP@@2010 Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Electronic Payment Products – Processing Inward Transactions based soley on Account Number Information As you are aware, the Reserve Bank of India has introduced various electronic payment products (RTGS, NEFT, NECS and the ECS variants) to facilitate electronic transfer of funds in a secure and ef
RBI/2010-11/271 UBD. BPD (PCB) No. 20 /12.05.001/2010-11 November@@NBSP@@ 12 , @@NBSP@@2010 Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Electronic Payment Products – Processing Inward Transactions based soley on Account Number Information As you are aware, the Reserve Bank of India has introduced various electronic payment products (RTGS, NEFT, NECS and the ECS variants) to facilitate electronic transfer of funds in a secure and ef
Nov 11, 2010
Exposure Norms: Applicability of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 to standalone Primary Dealers
RBI/2010-11/270 IDMD. PCD.No. 1652/14.03.05/2010-11 November 11, 2010 All Standalone Primary Dealers Dear Sir, Exposure Norms: Applicability of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 to standalone Primary Dealers Please refer to our circular IDMD.PDRD.No.19/03.64.00/2010-11 RBI/2010-11/142 dated July 27,2010 wherein standalone Primary Dealers (PDs) were advised to adhere to the exposure limit
RBI/2010-11/270 IDMD. PCD.No. 1652/14.03.05/2010-11 November 11, 2010 All Standalone Primary Dealers Dear Sir, Exposure Norms: Applicability of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 to standalone Primary Dealers Please refer to our circular IDMD.PDRD.No.19/03.64.00/2010-11 RBI/2010-11/142 dated July 27,2010 wherein standalone Primary Dealers (PDs) were advised to adhere to the exposure limit
Nov 10, 2010
Audit Committee of the Board of Directors - Calendar of Reviews
RBI/2010-11/269 DBS.ARS.BC. No.4/08.91.020/ 2010-11 November 10, 2010 The Chief Executives All Indian Commercial Banks Dear Sir/Madam, Audit Committee of the Board of Directors – Calendar of Reviews As you are aware, the norms regarding the constitution and functions of the Audit Committee of the Board of Directors (ACB), as also reviews to be submitted, had been prescribed vide our circular DoS.No.BC.14/Adm/919/16.13.100/95 dated September 26, 1995. Subsequently, in
RBI/2010-11/269 DBS.ARS.BC. No.4/08.91.020/ 2010-11 November 10, 2010 The Chief Executives All Indian Commercial Banks Dear Sir/Madam, Audit Committee of the Board of Directors – Calendar of Reviews As you are aware, the norms regarding the constitution and functions of the Audit Committee of the Board of Directors (ACB), as also reviews to be submitted, had been prescribed vide our circular DoS.No.BC.14/Adm/919/16.13.100/95 dated September 26, 1995. Subsequently, in
Nov 09, 2010
Shortfall in Maintenance of SLR - Additional Liquidity support under LAF
RBI/2010-11/267 Ref.DBOD.No.Ret.BC.60 /12.02.001/2010-11 November 09, 2010 All Scheduled Commercial Banks Dear Sir, Section 24 of Banking Regulation Act, 1949- Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) – Additional Liquidity support under Liquidity Adjustment Facility (LAF) Please refer to our circular DBOD. No. Ret. BC. 55/12.02.001/2010-11dated November 01, 2010 on the captioned subject. 2. As stated in the Reserve Bank’s press release issued on No
RBI/2010-11/267 Ref.DBOD.No.Ret.BC.60 /12.02.001/2010-11 November 09, 2010 All Scheduled Commercial Banks Dear Sir, Section 24 of Banking Regulation Act, 1949- Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) – Additional Liquidity support under Liquidity Adjustment Facility (LAF) Please refer to our circular DBOD. No. Ret. BC. 55/12.02.001/2010-11dated November 01, 2010 on the captioned subject. 2. As stated in the Reserve Bank’s press release issued on No
Nov 09, 2010
Ready Forward Contracts in Corporate Debt Securities
This circular has been superseded by Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 dated July 24, 2018.RBI/2010-11/268 IDMD.PCD. 22/11.08.38/2010-11 November 9, 2010 To All Market Participants Ready Forward Contracts in Corporate Debt Securities As part of the measures to develop the corporate bond market, repo transactions were permitted in corporate debt securities vide the Directions issued through the Notification No IDMD.DOD. 04/11.08.38/ 2009-10
This circular has been superseded by Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 dated July 24, 2018.RBI/2010-11/268 IDMD.PCD. 22/11.08.38/2010-11 November 9, 2010 To All Market Participants Ready Forward Contracts in Corporate Debt Securities As part of the measures to develop the corporate bond market, repo transactions were permitted in corporate debt securities vide the Directions issued through the Notification No IDMD.DOD. 04/11.08.38/ 2009-10
Nov 04, 2010
Guidelines on Banks’ Asset Liability Management Framework - Interest Rate Risk
RBI/2010-11/263 DBOD. No. BP. BC. 59 / 21.04.098/ 2010-11 November 4, 2010 @@NBSP@@The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs and LABs) Guidelines on Banks’ Asset Liability Management Framework – Interest Rate Risk Please refer to paragraph 155 of Second Quarter Review of Monetary Policy 2009-10 announced on October 27, 2009 on introduction of Duration Gap Analysis for interest rate risk management.
RBI/2010-11/263 DBOD. No. BP. BC. 59 / 21.04.098/ 2010-11 November 4, 2010 @@NBSP@@The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs and LABs) Guidelines on Banks’ Asset Liability Management Framework – Interest Rate Risk Please refer to paragraph 155 of Second Quarter Review of Monetary Policy 2009-10 announced on October 27, 2009 on introduction of Duration Gap Analysis for interest rate risk management.
Nov 04, 2010
withdrawn
Accounting Procedure for Investments - Settlement Date Accounting
RBI/2010-11/264 DBOD No. BP.BC. 58/21.04.141/2010-11 November 4, 2010 The Chairmen and Managing Directors/ Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks) Dear Sir, Accounting Procedure for Investments – Settlement Date Accounting In terms of paragraph 1.1 (i) (d) of Master Circular No. DBOD. BP. BC.18/21.04.141/2010-11 dated July 1, 2010 on ‘Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks
RBI/2010-11/264 DBOD No. BP.BC. 58/21.04.141/2010-11 November 4, 2010 The Chairmen and Managing Directors/ Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks) Dear Sir, Accounting Procedure for Investments – Settlement Date Accounting In terms of paragraph 1.1 (i) (d) of Master Circular No. DBOD. BP. BC.18/21.04.141/2010-11 dated July 1, 2010 on ‘Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks
Nov 04, 2010
Issuance and Operation of pre-paid payment Instruments in India (Reserve Bank) Directions- Additional guidelines
RBI/2010-11/261 DPSS.CO.No. 1041/02.14.006/ 2010-2011 November 04, 2010 To All System Providers, System Participants and any prospective prepaid payment instrument Issuer Madam/ Dear Sir Issuance and Operation of pre-paid payment Instruments in India (Reserve Bank) Directions- Additional guidelines. A reference is invited to the guidelines appended to our circular RBI/2008-09/458- DPSS.CO.PD.No.1873/02.14.06/2008-09 dated April 27, 2009 and subsequent circular RBI/200
RBI/2010-11/261 DPSS.CO.No. 1041/02.14.006/ 2010-2011 November 04, 2010 To All System Providers, System Participants and any prospective prepaid payment instrument Issuer Madam/ Dear Sir Issuance and Operation of pre-paid payment Instruments in India (Reserve Bank) Directions- Additional guidelines. A reference is invited to the guidelines appended to our circular RBI/2008-09/458- DPSS.CO.PD.No.1873/02.14.06/2008-09 dated April 27, 2009 and subsequent circular RBI/200
Nov 04, 2010
Migration of RTGS System to Windows 2008 environment
RBI/2010-11/262 DIT (CO) Circular No.10/09.63.08/2010-11 November 4, 2010 To All RTGS Members Dear Sir, Migration of RTGS System to Windows 2008 environment Please refer to our circular DIT (CO) Circular No. 5/09.63.08/2009-10 dated November 23, 2009 on upgradation of RTGS System to Windows 2008 environment wherein the specification for hardware and software required for the upgradation was given and members were advised to be in readiness with the new system for unde
RBI/2010-11/262 DIT (CO) Circular No.10/09.63.08/2010-11 November 4, 2010 To All RTGS Members Dear Sir, Migration of RTGS System to Windows 2008 environment Please refer to our circular DIT (CO) Circular No. 5/09.63.08/2009-10 dated November 23, 2009 on upgradation of RTGS System to Windows 2008 environment wherein the specification for hardware and software required for the upgradation was given and members were advised to be in readiness with the new system for unde
Nov 03, 2010
Prudential Norms for Off Balance Sheet Exposure-Bilateral netting of counterparty credit exposures
RBI/2010-11/258 DBOD.FID.FIC.No 8 /01.02.00 /2010-11 November 2 , 2010 The CEOs of select All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Prudential Norms for Off Balance Sheet Exposure-Bilateral netting of counterparty credit exposures Please@@NBSP@@ find @@NBSP@@enclosed @@NBSP@@circular@@NBSP@@ DBOD@@NBSP@@ No. BP .BC .48 / 21.06.001 / @@NBSP@@2010-11@@NBSP@@dated @@NBSP@@October 1, 2010 on the above subject. In this
RBI/2010-11/258 DBOD.FID.FIC.No 8 /01.02.00 /2010-11 November 2 , 2010 The CEOs of select All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Prudential Norms for Off Balance Sheet Exposure-Bilateral netting of counterparty credit exposures Please@@NBSP@@ find @@NBSP@@enclosed @@NBSP@@circular@@NBSP@@ DBOD@@NBSP@@ No. BP .BC .48 / 21.06.001 / @@NBSP@@2010-11@@NBSP@@dated @@NBSP@@October 1, 2010 on the above subject. In this
Nov 03, 2010
State Bank of Indore excluded from the Second Schedule to the RBI Act, 1934
RBI/2010-11/260 DBOD. Ret. BC. No. 57/12.06.004/2010-11 November 03, 2010 All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – State Bank of Indore. We advise that the name of “State Bank of Indore” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD. No. Ret. BC. 37/12.06.004/2010-11 dated August 27, 2010, published in Gazette of India (Part III – Sectio
RBI/2010-11/260 DBOD. Ret. BC. No. 57/12.06.004/2010-11 November 03, 2010 All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – State Bank of Indore. We advise that the name of “State Bank of Indore” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD. No. Ret. BC. 37/12.06.004/2010-11 dated August 27, 2010, published in Gazette of India (Part III – Sectio
Nov 02, 2010
Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2010-11/257 MPD.No.BC.338 /07.01.279/2010-11 November 2, 2010 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 Second Quarter Review of Monetary Policy 2010-11 dated November 2, 2010, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased @@NBSP@@by 25 basis points from 6.0 per cent to 6.25 per
RBI/2010-11/257 MPD.No.BC.338 /07.01.279/2010-11 November 2, 2010 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 Second Quarter Review of Monetary Policy 2010-11 dated November 2, 2010, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased @@NBSP@@by 25 basis points from 6.0 per cent to 6.25 per
Nov 02, 2010
LAF - Repo and Reverse Repo Rates Increased
RBI/2010-11/256 FMD.MOAG. No.53/01.01.01/2010-11 November 2, 2010 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates As announced today in the Second Quarter Review of Monetary Policy 2010-11, it has been decided to increase the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.00 per cent to 6.25 per cent and the reverse repo rate by 25 basis points
RBI/2010-11/256 FMD.MOAG. No.53/01.01.01/2010-11 November 2, 2010 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates As announced today in the Second Quarter Review of Monetary Policy 2010-11, it has been decided to increase the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.00 per cent to 6.25 per cent and the reverse repo rate by 25 basis points
Nov 02, 2010
Second Quarter Review of Monetary Policy 2010-11
By Dr. D. Subbarao Governor Introduction This Second Quarter Review is set in the context of a mixed backdrop of persistent sluggishness in advanced economies and positive signals from emerging market economies (EMEs). While recovery in advanced economies has slowed in the second half of 2010, EMEs continue to show strong growth. The fragile and uneven nature of the recovery and large unemployment in advanced economies raise concerns about the sustainability of the gl
By Dr. D. Subbarao Governor Introduction This Second Quarter Review is set in the context of a mixed backdrop of persistent sluggishness in advanced economies and positive signals from emerging market economies (EMEs). While recovery in advanced economies has slowed in the second half of 2010, EMEs continue to show strong growth. The fragile and uneven nature of the recovery and large unemployment in advanced economies raise concerns about the sustainability of the gl
Nov 01, 2010
withdrawn
Sale of Investments held under Held to Maturity (HTM) category
RBI/2010-11/254 DBOD. No. BP.BC. 56/21.04.141/2010-11 November 1, 2010 The Chairmen and Managing Directors/ Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks) Dear Sir, Sale of Investments held under Held to Maturity (HTM) category In terms of our circular No. DBOD.BP.BC. 34/21.04.141/2010-11 dated August 6, 2010 on the captioned subject it was decided that if the value of sales and transfers of securities to/from HTM category exceeds 5
RBI/2010-11/254 DBOD. No. BP.BC. 56/21.04.141/2010-11 November 1, 2010 The Chairmen and Managing Directors/ Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks) Dear Sir, Sale of Investments held under Held to Maturity (HTM) category In terms of our circular No. DBOD.BP.BC. 34/21.04.141/2010-11 dated August 6, 2010 on the captioned subject it was decided that if the value of sales and transfers of securities to/from HTM category exceeds 5
Nov 01, 2010
Opening and operating the accounts of the beneficiaries of Indira Gandhi National old Age Pension Scheme (IGNOAPS)
RBI/2010-11/253 RPCD.CO.FID. BC.No. /12.01.012/2010-11 November 1, 2010 The Chaiman & Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Including Regional Rural Banks) Dear Sir, Opening@@NBSP@@ and operating the accounts of the beneficiaries of Indira Gandhi National old Age Pension Scheme (IGNOAPS). Government of India has advised that the Committee on National Policy on Older Persons in their 4th review meeting stressed on the need for a
RBI/2010-11/253 RPCD.CO.FID. BC.No. /12.01.012/2010-11 November 1, 2010 The Chaiman & Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Including Regional Rural Banks) Dear Sir, Opening@@NBSP@@ and operating the accounts of the beneficiaries of Indira Gandhi National old Age Pension Scheme (IGNOAPS). Government of India has advised that the Committee on National Policy on Older Persons in their 4th review meeting stressed on the need for a
Nov 01, 2010
Shortfall in Maintenance of SLR - Additional Liquidity support under LAF
RBI/2010-11/252 Ref.DBOD.No.Ret.BC.55 /12.02.001/2010-11 November 1, 2010 All Scheduled Commercial Banks Dear Sir, Section 24 of Banking Regulation Act, 1949- Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) – Additional Liquidity support under Liquidity Adjustment Facility (LAF) Please refer to our circular DBOD.No.Ret.BC. 54/12.02.001/2010-11 dated October 29, 2010 on the captioned subject. 2. As stated in the Reserve Bank’s press release issued on Octobe
RBI/2010-11/252 Ref.DBOD.No.Ret.BC.55 /12.02.001/2010-11 November 1, 2010 All Scheduled Commercial Banks Dear Sir, Section 24 of Banking Regulation Act, 1949- Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) – Additional Liquidity support under Liquidity Adjustment Facility (LAF) Please refer to our circular DBOD.No.Ret.BC. 54/12.02.001/2010-11 dated October 29, 2010 on the captioned subject. 2. As stated in the Reserve Bank’s press release issued on Octobe
Nov 01, 2010
Liquidity Adjustment Facility - Liquidity Easing Measures
RBI/2010-11/254A FMD.MOAG. No.52/01.01.001/2010-11 November 1, 2010 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Liquidity Easing Measures As announced by the Reserve Bank of India on October 31, 2010, a special second LAF (SLAF) will be conducted at 4.15 pm on all days during November 1 - 4, 2010. 2. All other terms and conditions of the current LAF Scheme will remain unchanged. 3. Please acknowledge re
RBI/2010-11/254A FMD.MOAG. No.52/01.01.001/2010-11 November 1, 2010 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Liquidity Easing Measures As announced by the Reserve Bank of India on October 31, 2010, a special second LAF (SLAF) will be conducted at 4.15 pm on all days during November 1 - 4, 2010. 2. All other terms and conditions of the current LAF Scheme will remain unchanged. 3. Please acknowledge re
Oct 29, 2010
Shortfall in Maintenance of SLR - Additional Liquidity support under LAF
RBI/2010-11/251 Ref.DBOD.No.Ret.BC. 54/12.02.001/2010-11 October 29, 2010 All Scheduled Commercial Banks Dear Sir, Section 24 of Banking Regulation Act, 1949- Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) – Additional Liquidity support under Liquidity Adjustment Facility (LAF) As stated in the Reserve Bank’s press release issued today, in order to provide liquidity comfort arising out of frictional liquidity pressure, a special 2-day repo auction under t
RBI/2010-11/251 Ref.DBOD.No.Ret.BC. 54/12.02.001/2010-11 October 29, 2010 All Scheduled Commercial Banks Dear Sir, Section 24 of Banking Regulation Act, 1949- Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) – Additional Liquidity support under Liquidity Adjustment Facility (LAF) As stated in the Reserve Bank’s press release issued today, in order to provide liquidity comfort arising out of frictional liquidity pressure, a special 2-day repo auction under t
Oct 28, 2010
Issue of Irrevocable Payment Commitments
RBI/2010-11/249 DBOD.Dir.BC.52 /13.03.00/2010-11 October 28, 2010 All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs) Please refer to our circular No. DBOD.Dir.BC.46/13.03.00/2010-11 dated September 30, 2010 in terms of which certain risk mitigation measures were prescribed in the context of banks issuing IPCs to various Stock Exchanges on behalf of Mutual Funds and FIIs,
RBI/2010-11/249 DBOD.Dir.BC.52 /13.03.00/2010-11 October 28, 2010 All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs) Please refer to our circular No. DBOD.Dir.BC.46/13.03.00/2010-11 dated September 30, 2010 in terms of which certain risk mitigation measures were prescribed in the context of banks issuing IPCs to various Stock Exchanges on behalf of Mutual Funds and FIIs,
Oct 28, 2010
Banks permitted to Participate in Currency Options on Recognized Stock/New Exchanges
RBI/2010-11/248 DBOD.No.BP.BC.51 / 21.06.101 / 2010-11 October 28, 2010 The Chairman and Managing Directors / Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir, Introduction of Exchange Traded Currency Options – Permitting Banks to Participate in Currency Options on Recognized Stock / New Exchanges Please refer to RBI/2010-11/147 A.P. (DIR Series) Circular No. 05 dated July 30, 2010 containing guidelines on Trading of Curren
RBI/2010-11/248 DBOD.No.BP.BC.51 / 21.06.101 / 2010-11 October 28, 2010 The Chairman and Managing Directors / Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir, Introduction of Exchange Traded Currency Options – Permitting Banks to Participate in Currency Options on Recognized Stock / New Exchanges Please refer to RBI/2010-11/147 A.P. (DIR Series) Circular No. 05 dated July 30, 2010 containing guidelines on Trading of Curren
Oct 28, 2010
Prudential Norms on Investment in Zero Coupon Bonds
RBI/2010-11/247 DBOD.FID.FIC.No@@NBSP@@ 7/01.02.00 /2010-11 October 28, 2010 The CEOs of select All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Prudential Norms on Investment in Zero Coupon Bonds Please@@NBSP@@ find @@NBSP@@enclosed @@NBSP@@circular@@NBSP@@ DBOD@@NBSP@@ No. BP .BC .44@@NBSP@@ / 21.04.141 / @@NBSP@@2010-11@@NBSP@@dated September 29, 2010 on the above subject. In this connection, it is advised that the ab
RBI/2010-11/247 DBOD.FID.FIC.No@@NBSP@@ 7/01.02.00 /2010-11 October 28, 2010 The CEOs of select All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Prudential Norms on Investment in Zero Coupon Bonds Please@@NBSP@@ find @@NBSP@@enclosed @@NBSP@@circular@@NBSP@@ DBOD@@NBSP@@ No. BP .BC .44@@NBSP@@ / 21.04.141 / @@NBSP@@2010-11@@NBSP@@dated September 29, 2010 on the above subject. In this connection, it is advised that the ab
Oct 26, 2010
UCBs - KYC Norms /AML Standards/Combating Financing of Terrorism
RBI/2010-11/246 UBD.BPD. (PCB).Cir. No.17/14.01.062/2010-11 October 25, 2010 The Chief Executive Officers of All AD I Category Urban Co-operative Banks (As per List enclosed) Dear Sir / Madam, Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) Please refer to our circular UBD.BPD.(PCB) Cir.No.7/14.01.062/2010-11 dated August@@NBSP@@ 12, 2010.@@NBSP@@ As part of its ongoing review of compliance with the AM
RBI/2010-11/246 UBD.BPD. (PCB).Cir. No.17/14.01.062/2010-11 October 25, 2010 The Chief Executive Officers of All AD I Category Urban Co-operative Banks (As per List enclosed) Dear Sir / Madam, Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) Please refer to our circular UBD.BPD.(PCB) Cir.No.7/14.01.062/2010-11 dated August@@NBSP@@ 12, 2010.@@NBSP@@ As part of its ongoing review of compliance with the AM
Oct 26, 2010
UCBs - Furnishing Remitter Details in Pass Book/Pass Sheet/Account Statement for Credits received by Customers through NEFT/NECS/ECS
RBI/2010-11/244 UBD. CO. BPD (PCB) No. 18 /12.05.001/2010-11 October @@NBSP@@26, 2010 Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Furnishing Remitter Details in Pass Book / Pass Sheet / Account Statement for Credits received by Customers through NEFT / NECS / ECS The Reserve Bank has been receiving several complaints about incomplete details about the remitter (or beneficiary) and / or the source of credit (or debit) in the pass bo
RBI/2010-11/244 UBD. CO. BPD (PCB) No. 18 /12.05.001/2010-11 October @@NBSP@@26, 2010 Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Furnishing Remitter Details in Pass Book / Pass Sheet / Account Statement for Credits received by Customers through NEFT / NECS / ECS The Reserve Bank has been receiving several complaints about incomplete details about the remitter (or beneficiary) and / or the source of credit (or debit) in the pass bo
Oct 26, 2010
Opening of bank accounts - salaried employees
RBI/ 2010-11/245 DBOD. AML. BC. No. 50/14.01.001/2010-11 October 26, 2010 The Chairmen/CEOs of all Scheduled Commercial Banks (excluding RRBs) / All India Financial Institutions Dear Sir, Opening of bank accounts - salaried employees Please refer to our Master Circular on Know Your Customer (KYC) norms /Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under PMLA, 2002 issued to banks vide DBOD.AML.BC.No.2/14.01.001/20
RBI/ 2010-11/245 DBOD. AML. BC. No. 50/14.01.001/2010-11 October 26, 2010 The Chairmen/CEOs of all Scheduled Commercial Banks (excluding RRBs) / All India Financial Institutions Dear Sir, Opening of bank accounts - salaried employees Please refer to our Master Circular on Know Your Customer (KYC) norms /Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under PMLA, 2002 issued to banks vide DBOD.AML.BC.No.2/14.01.001/20
Oct 25, 2010
Credit/Debit Card transactions- Security Issues and Risk mitigation measures for Card Not Present Transactions.
RBI/2010-2011/243 RBI / DPSS No.914/02.14.003/2010-2011 October 25, 2010 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /.District Central Co-operative BanksAuthorised card payment networks Madam / Dear Sir Credit/Debit Card transactions- Security Issues and Risk mitigation measures for Card Not Present Transactions. We had vide our circular RBI/2008-2009/
RBI/2010-2011/243 RBI / DPSS No.914/02.14.003/2010-2011 October 25, 2010 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /.District Central Co-operative BanksAuthorised card payment networks Madam / Dear Sir Credit/Debit Card transactions- Security Issues and Risk mitigation measures for Card Not Present Transactions. We had vide our circular RBI/2008-2009/
Oct 22, 2010
StCBs/DCCBs - List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
RBI/2010-11/ 241 RPCD.CO.RF.AML.No.4726/07.02.12/2010-11 October 22, 2010 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RF.AML.No.3515/07.02.12/2010-11 dated September 22, 2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated Septemb
RBI/2010-11/ 241 RPCD.CO.RF.AML.No.4726/07.02.12/2010-11 October 22, 2010 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RF.AML.No.3515/07.02.12/2010-11 dated September 22, 2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated Septemb
Oct 20, 2010
List of Terrorist Individuals / Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban / Al-Qaida Organisation
RBI/2010-11/240 RPCD.CO RRB.AML.No.4630/03.05.28(A)/2010-11 October 20, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, List of Terrorist Individuals / Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban / Al-Qaida Organisation Please refer to our circular letter RPCD.CO RRB.AML.No.3746 /03.05.28(A)/2010-11 dated September 27, 2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated September 30,
RBI/2010-11/240 RPCD.CO RRB.AML.No.4630/03.05.28(A)/2010-11 October 20, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, List of Terrorist Individuals / Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban / Al-Qaida Organisation Please refer to our circular letter RPCD.CO RRB.AML.No.3746 /03.05.28(A)/2010-11 dated September 27, 2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated September 30,
Oct 19, 2010
StCBs/DCCBs - Collection of third party account payee cheques - Prohibition on crediting proceeds to third party accounts
RBI/2010-11/239 RPCD CO. RCBD. BC. No. 24 /07.38.03/2010-11 October 19,@@NBSP@@2010 The Chairmen/Chief Executives ofAll State and Central Co-operative Banks Dear Sir Collection of third party account payee cheques – Prohibition on crediting proceeds to third party accounts Please refer to our circular RPCD.CO.RF.BC.No.18/07.38.03/2009-10 dated September 7, 2009 on the captioned subject, in which it has been stated that the practice of collection of cheques crossed ‘ac
RBI/2010-11/239 RPCD CO. RCBD. BC. No. 24 /07.38.03/2010-11 October 19,@@NBSP@@2010 The Chairmen/Chief Executives ofAll State and Central Co-operative Banks Dear Sir Collection of third party account payee cheques – Prohibition on crediting proceeds to third party accounts Please refer to our circular RPCD.CO.RF.BC.No.18/07.38.03/2009-10 dated September 7, 2009 on the captioned subject, in which it has been stated that the practice of collection of cheques crossed ‘ac
Oct 19, 2010
Collection of third party account payee cheques - Prohibition on crediting proceeds to third party accounts
RBI/2010-11/ 238 RPCD.CO RRB.BC.No. 25 /03.05.33/2010-11 October 19,@@NBSP@@2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Collection of third party account payee cheques – Prohibition on crediting proceeds to third party accounts Please refer to our circular RPCD.CO.RRB.BC.No.19/03.05.33/2009-10 dated September 11, 2009 on the captioned subject, in which it has been stated that the practice of collection of cheques crossed ‘account payee’ through third p
RBI/2010-11/ 238 RPCD.CO RRB.BC.No. 25 /03.05.33/2010-11 October 19,@@NBSP@@2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Collection of third party account payee cheques – Prohibition on crediting proceeds to third party accounts Please refer to our circular RPCD.CO.RRB.BC.No.19/03.05.33/2009-10 dated September 11, 2009 on the captioned subject, in which it has been stated that the practice of collection of cheques crossed ‘account payee’ through third p
Oct 15, 2010
Guidelines on Trading of Currency Options on Recognised Stock / New Exchanges - Participation of UCBs
RBI/2010-11/236 UBD.BPD.(PCB). Cir. No@@NBSP@@ 4 /16.12.000/2010-11 October 11, 2010 The Chief Executive Officer, All AD Category – I Primary (Urban) Cooperative Banks. Dear Sir, Guidelines on Trading of Currency Options on Recognised Stock / New Exchanges – Participation of UCBs Reserve Bank of India has issued Guidelines on Trading of Currency Options on Recognised Stock / New Exchanges vide A.P (DIR Series) Circular No.05 dated July 30, 2010 (copy enclosed).@@NBSP@
RBI/2010-11/236 UBD.BPD.(PCB). Cir. No@@NBSP@@ 4 /16.12.000/2010-11 October 11, 2010 The Chief Executive Officer, All AD Category – I Primary (Urban) Cooperative Banks. Dear Sir, Guidelines on Trading of Currency Options on Recognised Stock / New Exchanges – Participation of UCBs Reserve Bank of India has issued Guidelines on Trading of Currency Options on Recognised Stock / New Exchanges vide A.P (DIR Series) Circular No.05 dated July 30, 2010 (copy enclosed).@@NBSP@
Oct 14, 2010
Electronic payment products - Processing inward transactions based solely on account number information
RBI/2010-11/235 DPSS (CO) EPPD No. / 863 / 04.03.01 / 2010-11 October 14, 2010 The Chairman and Managing Director / Chief Executive Officer of member banks participating in RTGS / NEFT / NECS / ECS Madam / Dear Sir, Electronic payment products - Processing inward transactions based solely on account number information As you are aware, the Reserve Bank of India has introduced various electronic payment products (RTGS, NEFT, NECS and the ECS variants) to facilitate ele
RBI/2010-11/235 DPSS (CO) EPPD No. / 863 / 04.03.01 / 2010-11 October 14, 2010 The Chairman and Managing Director / Chief Executive Officer of member banks participating in RTGS / NEFT / NECS / ECS Madam / Dear Sir, Electronic payment products - Processing inward transactions based solely on account number information As you are aware, the Reserve Bank of India has introduced various electronic payment products (RTGS, NEFT, NECS and the ECS variants) to facilitate ele
Oct 14, 2010
Prudential Guidelines on Restructuring of Advances by select All-India Financial Institutions (AIFIs)
RBI/2010-11/234 DBOD.FID.FIC.No.6@@NBSP@@/01.02.00 /2010-11 October 14, 2010 The CEOs of select All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Prudential Guidelines on Restructuring of Advances by select All-India Financial Institutions (AIFIs) In continuation of our letter DBOD.No.FID.FIC.5 /01.02.00/2008-09 dated February 26, 2009 on the captioned subject, please find enclosed Circular DBOD No.BP.No. 49/ 21.04.132/20
RBI/2010-11/234 DBOD.FID.FIC.No.6@@NBSP@@/01.02.00 /2010-11 October 14, 2010 The CEOs of select All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Prudential Guidelines on Restructuring of Advances by select All-India Financial Institutions (AIFIs) In continuation of our letter DBOD.No.FID.FIC.5 /01.02.00/2008-09 dated February 26, 2009 on the captioned subject, please find enclosed Circular DBOD No.BP.No. 49/ 21.04.132/20
Oct 13, 2010
Opening of No-Frills Accounts by Students for Availing various Government Scholarships
RBI/2010-11/232 RPCD.CO.RRB.BC No. 23/ 03.05.33/2010-11 October 13, 2010 The Chairmen All Regional Rural Banks Dear Sir, Opening of No-Frills Accounts by Students for Availing various Government Scholarships It has been brought to our notice by the Secretary, Government of India, Ministry of Minority Affairs that banks are not opening 'no-frills' accounts in favour of students from minority communities who wish to avail of the scholarships being awarded by the Ministr
RBI/2010-11/232 RPCD.CO.RRB.BC No. 23/ 03.05.33/2010-11 October 13, 2010 The Chairmen All Regional Rural Banks Dear Sir, Opening of No-Frills Accounts by Students for Availing various Government Scholarships It has been brought to our notice by the Secretary, Government of India, Ministry of Minority Affairs that banks are not opening 'no-frills' accounts in favour of students from minority communities who wish to avail of the scholarships being awarded by the Ministr
Oct 08, 2010
Permissible period for remittance of e-payments into Government account by Public Sector Banks
RBI/2010-11/229 DGBA.GAD.No.H. 2444 /42.01.011/2010-11 October 8, 2010 The Chairman & Managing Director / Managing Director State Bank of India and its Associates/ All Nationalised Banks and Jammu & Kashmir Bank Ltd. Dear Sir/Madam, Permissible period for remittance of e-payments into Government account by Public Sector Banks Please refer to our circular letter No.RBI./2008/09/97 (Ref. DGBA. GAD. No.H-549/42.01.011/2008-09 dated July 18, 2008) on the above sub
RBI/2010-11/229 DGBA.GAD.No.H. 2444 /42.01.011/2010-11 October 8, 2010 The Chairman & Managing Director / Managing Director State Bank of India and its Associates/ All Nationalised Banks and Jammu & Kashmir Bank Ltd. Dear Sir/Madam, Permissible period for remittance of e-payments into Government account by Public Sector Banks Please refer to our circular letter No.RBI./2008/09/97 (Ref. DGBA. GAD. No.H-549/42.01.011/2008-09 dated July 18, 2008) on the above sub
Oct 08, 2010
Furnishing remitter details in pass book / pass sheet / account statement for credits received by customers through NEFT / NECS / ECS
RBI/2010-11/230 DPSS (CO) EPPD No.788/04.03.01/2010-11 October 8, 2010 The Chairman and Managing Director / Chief Executive Officer of member banks participating in NEFT / NECS / ECS Madam / Dear Sir, Furnishing remitter details in pass book / pass sheet / account statement for credits received by customers through NEFT / NECS / ECS The volumes handled by the retail electronic payment products viz. National Electronic Funds Transfer (NEFT), National Electronic Clearin
RBI/2010-11/230 DPSS (CO) EPPD No.788/04.03.01/2010-11 October 8, 2010 The Chairman and Managing Director / Chief Executive Officer of member banks participating in NEFT / NECS / ECS Madam / Dear Sir, Furnishing remitter details in pass book / pass sheet / account statement for credits received by customers through NEFT / NECS / ECS The volumes handled by the retail electronic payment products viz. National Electronic Funds Transfer (NEFT), National Electronic Clearin
Oct 07, 2010
Prudential Guidelines on Restructuring of Advances by Banks
RBI/2010-11/228 DBOD.BP.No. 49/21.04.132/2010-11 October 7, 2010 The Chairmen and Managing Directors / Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Prudential Guidelines on Restructuring of Advances by Banks Please refer to our Master Circular DBOD. No. BP. BC.21/21.04.048/2010-11@@NBSP@@dated July 1, 2010 on 'Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances'. 2.@@NBSP@@ In te
RBI/2010-11/228 DBOD.BP.No. 49/21.04.132/2010-11 October 7, 2010 The Chairmen and Managing Directors / Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Prudential Guidelines on Restructuring of Advances by Banks Please refer to our Master Circular DBOD. No. BP. BC.21/21.04.048/2010-11@@NBSP@@dated July 1, 2010 on 'Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances'. 2.@@NBSP@@ In te
Oct 04, 2010
List of Terrorist individuals / organizations - under UNSCR 1267 (1999) and 1822(2008) on Taliban / Al-Qaida Organisation - UCBs
RBI/2010-11/227 UBD. BPD. (PCB).Cir. No.14 /14.01.062/2010-11@@NBSP@@ September 30, 2010 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, List of Terrorist individuals / organizations – under UNSCR 1267 (1999) and 1822(2008) on Taliban / Al-Qaida Organisation@@NBSP@@ - UCBs Please refer to our circular UBD (PCB) CO.BPD. Cir. No. 13/ 14.01.062 / 2010-11 dated September 27, 2010 on the above subject. We have since received from Go
RBI/2010-11/227 UBD. BPD. (PCB).Cir. No.14 /14.01.062/2010-11@@NBSP@@ September 30, 2010 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, List of Terrorist individuals / organizations – under UNSCR 1267 (1999) and 1822(2008) on Taliban / Al-Qaida Organisation@@NBSP@@ - UCBs Please refer to our circular UBD (PCB) CO.BPD. Cir. No. 13/ 14.01.062 / 2010-11 dated September 27, 2010 on the above subject. We have since received from Go
Oct 04, 2010
Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)
RBI/2010-11/226 DNBS(PD).CC. No 202@@NBSP@@ /03.10.42 /2010-11 October 4, 2010 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) Financial Action Task Force (FATF) as a part of its ongoing review of compliance with the AML / CFT standards, has identified certain jurisdictions which have strategic AML /CFT deficiencies. 2. FATF
RBI/2010-11/226 DNBS(PD).CC. No 202@@NBSP@@ /03.10.42 /2010-11 October 4, 2010 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) Financial Action Task Force (FATF) as a part of its ongoing review of compliance with the AML / CFT standards, has identified certain jurisdictions which have strategic AML /CFT deficiencies. 2. FATF
Oct 01, 2010
List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
RBI/2010-11/225 DBOD. AML.No. 5333 /14.06.079/2010-11 October 1, 2010 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML.No.4154/14.06.078/2010-11 dated September 13, 2010.@@NBSP@@ We have since received from Government of Indi
RBI/2010-11/225 DBOD. AML.No. 5333 /14.06.079/2010-11 October 1, 2010 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, List of Terrorist Individuals/ Organisations under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML.No.4154/14.06.078/2010-11 dated September 13, 2010.@@NBSP@@ We have since received from Government of Indi
Oct 01, 2010
Prudential Norms for Off-Balance Sheet Exposures of Banks - Bilateral netting of counterparty credit exposures
RBI/2010-11/223 DBOD.No.BP.BC.48 / 21.06.001/2010-11 October 1, 2010 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Prudential Norms for Off-Balance Sheet Exposures of Banks – Bilateral netting of counterparty credit exposures As you@@NBSP@@ are aware, @@NBSP@@in terms of@@NBSP@@ our extant instructions issued@@NBSP@@ vide our Master Circular – ‘Prudential Guidelines on Capital Adequacy and Market Discipline -@@NBSP@@@@N
RBI/2010-11/223 DBOD.No.BP.BC.48 / 21.06.001/2010-11 October 1, 2010 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Prudential Norms for Off-Balance Sheet Exposures of Banks – Bilateral netting of counterparty credit exposures As you@@NBSP@@ are aware, @@NBSP@@in terms of@@NBSP@@ our extant instructions issued@@NBSP@@ vide our Master Circular – ‘Prudential Guidelines on Capital Adequacy and Market Discipline -@@NBSP@@@@N
Oct 01, 2010
Collection of third party account payee cheques - Prohibition on crediting proceeds to third party accounts
RBI/2010-11/ 222 DBOD.BP.BC.No.47/ 21.01.001/2010-11@@NBSP@@ October 1,@@NBSP@@2010 The Chairmen/Chief Executives of All Scheduled Commercial Banks (excluding RRBs & LABs) Dear Sir Collection of third party account payee cheques – Prohibition on crediting proceeds to third party accounts Please refer to our circular DBOD.BP.BC.No.32/21.01.001/2009-10 dated August 27, 2009 on the captioned subject, in which it has been stated that the practice of collection of cheq
RBI/2010-11/ 222 DBOD.BP.BC.No.47/ 21.01.001/2010-11@@NBSP@@ October 1,@@NBSP@@2010 The Chairmen/Chief Executives of All Scheduled Commercial Banks (excluding RRBs & LABs) Dear Sir Collection of third party account payee cheques – Prohibition on crediting proceeds to third party accounts Please refer to our circular DBOD.BP.BC.No.32/21.01.001/2009-10 dated August 27, 2009 on the captioned subject, in which it has been stated that the practice of collection of cheq
Sep 30, 2010
Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)
RBI/2010-11/220 DBOD.Dir.BC.46@@NBSP@@ /13.03.00/2010-11 September 30, 2010 All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs) Please refer to our circular No. DBOD.Dir.BC.32/13.03.00/2010-11 dated July 30, 2010 in terms of which the transition period allowed to banks to comply with the requirements contained in our circular No. DBOD.Dir.BC.57/13.03.00/2007-08 dated Decem
RBI/2010-11/220 DBOD.Dir.BC.46@@NBSP@@ /13.03.00/2010-11 September 30, 2010 All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs) Please refer to our circular No. DBOD.Dir.BC.32/13.03.00/2010-11 dated July 30, 2010 in terms of which the transition period allowed to banks to comply with the requirements contained in our circular No. DBOD.Dir.BC.57/13.03.00/2007-08 dated Decem
Sep 30, 2010
Display at ATM Sites - Procedure for lodging of ATM related Complaints
RBI/2010-2011/221 UBD.BPD(PCB) Cir.No. 15/09.18.300/2010-11 September 30, 2010 Chief Executive Officers, All Primary (Urban) Co-operative Banks Dear Sir, Display at ATM Sites – Procedure for lodging of ATM related Complaints Please refer to Circular DPSS.CO.PD. No.52/02.10.02/2010-11 dated July 6, 2010 on the captioned subject in terms of which banks were advised to submit to Department of Payment and Settlement System (DPSS), Central Office, Reserve Bank of India, Mu
RBI/2010-2011/221 UBD.BPD(PCB) Cir.No. 15/09.18.300/2010-11 September 30, 2010 Chief Executive Officers, All Primary (Urban) Co-operative Banks Dear Sir, Display at ATM Sites – Procedure for lodging of ATM related Complaints Please refer to Circular DPSS.CO.PD. No.52/02.10.02/2010-11 dated July 6, 2010 on the captioned subject in terms of which banks were advised to submit to Department of Payment and Settlement System (DPSS), Central Office, Reserve Bank of India, Mu
Sep 29, 2010
withdrawn
Prudential norms on Investment in Zero Coupon Bonds
RBI/2010-11/219 DBOD No. BP.BC. 44 / 21.04.141/ 2010-11 September 29, 2010 The Chairmen and Managing Directors/ Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks) Dear Sir, Prudential norms on Investment in Zero Coupon Bonds It has come to our notice that banks are investing in long term Zero Coupon Bonds (ZCBs) issued by corporates including those issued by Non-Banking Financial Companies (NBFCs). In the case of ZCBs the issuers are not
RBI/2010-11/219 DBOD No. BP.BC. 44 / 21.04.141/ 2010-11 September 29, 2010 The Chairmen and Managing Directors/ Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks) Dear Sir, Prudential norms on Investment in Zero Coupon Bonds It has come to our notice that banks are investing in long term Zero Coupon Bonds (ZCBs) issued by corporates including those issued by Non-Banking Financial Companies (NBFCs). In the case of ZCBs the issuers are not
Sep 29, 2010
Settlement and Default Handling Procedures in Multilateral and Deferred Net Settlement Systems under the PSS Act, 2007
RBI/2010-11/218 DPSS.CO.CHD.No.695/03.01.03/2010-2011 September 29, 2010 The Chairman and Managing Director / Chief Executive Officer Banks and Authorised Payment Systems Madam / Dear Sir Directive on Settlement and Default Handling Procedures in Multilateral and Deferred Net Settlement Systems under the Payment and Settlement Systems Act, 2007 A firm legal basis provides certainty and predictability which is important for the smooth functioning of payment systems. Th
RBI/2010-11/218 DPSS.CO.CHD.No.695/03.01.03/2010-2011 September 29, 2010 The Chairman and Managing Director / Chief Executive Officer Banks and Authorised Payment Systems Madam / Dear Sir Directive on Settlement and Default Handling Procedures in Multilateral and Deferred Net Settlement Systems under the Payment and Settlement Systems Act, 2007 A firm legal basis provides certainty and predictability which is important for the smooth functioning of payment systems. Th
Sep 28, 2010
Financial Inclusion by Extension of Banking Services - Use of Business Correspondents (BCs)
RBI/2010-11/217 DBOD.No.BL.BC.43 /22.01.009/2010-11 September 28, 2010 All Commercial Banks (including RRBs and LABs) Dear Sir, Financial Inclusion by Extension of Banking Services – Use of Business Correspondents (BCs) As announced in the Annual Policy Statement for the year 2010-11, a discussion paper on engagement of ‘for profit’ companies as BCs was placed on RBI website on August 2, 2010. @@NBSP@@Taking into consideration the pros and cons and based on the feedba
RBI/2010-11/217 DBOD.No.BL.BC.43 /22.01.009/2010-11 September 28, 2010 All Commercial Banks (including RRBs and LABs) Dear Sir, Financial Inclusion by Extension of Banking Services – Use of Business Correspondents (BCs) As announced in the Annual Policy Statement for the year 2010-11, a discussion paper on engagement of ‘for profit’ companies as BCs was placed on RBI website on August 2, 2010. @@NBSP@@Taking into consideration the pros and cons and based on the feedba
Sep 27, 2010
Bank loans for financing promoters contribution
RBI/2010-11/214 DBOD.No.BP.BC.42 /21.04.141/2010-11 @@NBSP@@September 27, 2010 The Chairmen and Managing Directors/ Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks)@@NBSP@@@@NBSP@@ Dear Sir/Madam, Bank loans for financing promoters contribution In terms of para 8 of Master Circular No. DBOD.Dir.BC.90/13.07.05/98 dated August 28, 1998 on ‘Bank Finance against Shares and Debentures’, promoters’ contribution towards the equity capital of
RBI/2010-11/214 DBOD.No.BP.BC.42 /21.04.141/2010-11 @@NBSP@@September 27, 2010 The Chairmen and Managing Directors/ Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks)@@NBSP@@@@NBSP@@ Dear Sir/Madam, Bank loans for financing promoters contribution In terms of para 8 of Master Circular No. DBOD.Dir.BC.90/13.07.05/98 dated August 28, 1998 on ‘Bank Finance against Shares and Debentures’, promoters’ contribution towards the equity capital of
Sep 27, 2010
List of Terrorist individuals / organizations - under UNSCR 1267 (1999) and 1822(2008) on Taliban / Al-Qaida Organisation - UCBs
RBI/2010-11/215 UBD. BPD. (PCB).Cir. No. 13 /14.01.062/2010-11 September 27, 2010 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, List of Terrorist individuals / organizations – under UNSCR 1267 (1999) and 1822(2008) on Taliban / Al-Qaida Organisation - UCBs Please refer to our circular UBD (PCB) CO.BPD. Cir. No. 8/ 14.01.062 / 2010-11 dated August 13, 2010 on the above subject. We have since received from Government of India (
RBI/2010-11/215 UBD. BPD. (PCB).Cir. No. 13 /14.01.062/2010-11 September 27, 2010 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, List of Terrorist individuals / organizations – under UNSCR 1267 (1999) and 1822(2008) on Taliban / Al-Qaida Organisation - UCBs Please refer to our circular UBD (PCB) CO.BPD. Cir. No. 8/ 14.01.062 / 2010-11 dated August 13, 2010 on the above subject. We have since received from Government of India (
Sep 27, 2010
RRBs - List of Terrorist Individuals / Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban / Al-Qaida Organisation
RBI/2010-11/216 RPCD.CO RRB.AML.No.3746 /03.05.28(A)/2010-11 September 27, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, List of Terrorist Individuals / Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban / Al-Qaida Organisation Please refer to our circular letter RPCD.CO RRB.AML.No.3507/ 03.05.28(A)/2010-11 dated September 21,2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated September 9,
RBI/2010-11/216 RPCD.CO RRB.AML.No.3746 /03.05.28(A)/2010-11 September 27, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, List of Terrorist Individuals / Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban / Al-Qaida Organisation Please refer to our circular letter RPCD.CO RRB.AML.No.3507/ 03.05.28(A)/2010-11 dated September 21,2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated September 9,
Sep 24, 2010
Dispute Resolution Mechanism under the Payment and Settlement Systems Act, 2007
RBI/2010-11/213 DPSS.CO.CHD.No.654/ 03.01.03 / 2010-2011 September 24, 2010 The Chairman and Managing Director / Chief Executive Officer System Providers and System Participants of All Authorised Payment Systems Madam / Dear Sir Dispute Resolution Mechanism under the Payment and Settlement Systems Act, 2007 References are being received from system providers and system participants of payment systems seeking clarity, scope and uniformity while dealing with clearing an
RBI/2010-11/213 DPSS.CO.CHD.No.654/ 03.01.03 / 2010-2011 September 24, 2010 The Chairman and Managing Director / Chief Executive Officer System Providers and System Participants of All Authorised Payment Systems Madam / Dear Sir Dispute Resolution Mechanism under the Payment and Settlement Systems Act, 2007 References are being received from system providers and system participants of payment systems seeking clarity, scope and uniformity while dealing with clearing an
Sep 22, 2010
Repayment of Gold Loan
RBI/2010-11/211 RPCD.CO.RRB.BC.No. 22 /03.05.34 /2010-11 September 22, 2010 All Regional Rural Banks Dear Sir, Repayment of Gold Loan Regional Rural Banks (RRBs) grant loans for various purposes against the security of gold /gold ornaments as a part of their lending policy. As per extant instructions (c.f. our circular RPCD.RRB.BC.96/03.05.34/2001-02 dated May 27, 2002), banks charge interest at monthly rests on loans and advances except in the case of agricultural ad
RBI/2010-11/211 RPCD.CO.RRB.BC.No. 22 /03.05.34 /2010-11 September 22, 2010 All Regional Rural Banks Dear Sir, Repayment of Gold Loan Regional Rural Banks (RRBs) grant loans for various purposes against the security of gold /gold ornaments as a part of their lending policy. As per extant instructions (c.f. our circular RPCD.RRB.BC.96/03.05.34/2001-02 dated May 27, 2002), banks charge interest at monthly rests on loans and advances except in the case of agricultural ad
Sep 22, 2010
STCBs/DCCBs - List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
RBI/2010-11/ 210 RPCD.CO.RF.AML.No.3515/07.02.12/2010-11 September 22, 2010 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RF.AML.No.3228/07.02.12/2010-11 dated September 13, 2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated Septe
RBI/2010-11/ 210 RPCD.CO.RF.AML.No.3515/07.02.12/2010-11 September 22, 2010 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RF.AML.No.3228/07.02.12/2010-11 dated September 13, 2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated Septe
Sep 21, 2010
RRBs - List of Terrorist Individuals / Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban / Al-Qaida Organisation
RBI/2010-11/209 RPCD.CORRB.AML.No.3507/03.05.28(A)/2010-11 September 21, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, List of Terrorist Individuals / Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban / Al-Qaida Organisation Please refer to our circular letter RPCD.CO RRB.AML.No.2743/03.05.28(A)/2010-11 dated August 30,2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated August 24, 2010 (c
RBI/2010-11/209 RPCD.CORRB.AML.No.3507/03.05.28(A)/2010-11 September 21, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, List of Terrorist Individuals / Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban / Al-Qaida Organisation Please refer to our circular letter RPCD.CO RRB.AML.No.2743/03.05.28(A)/2010-11 dated August 30,2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated August 24, 2010 (c
Sep 21, 2010
Items excluded from Capital Market Exposure
RBI/2010-11/208 DBOD. No. Dir. BC. 41 /13.03.00/2010-11 September@@NBSP@@ 21, 2010 All Scheduled Commercial Banks (excluding@@NBSP@@ RRBs) Dear Sir, Items excluded from Capital Market Exposure Please refer to para 2.3.4(i) of our Master Circular DBOD. No. Dir.BC14/13.03.00/2010-11 dated July 1, 2010 on Exposure Norms in terms of which banks' investments in own subsidiaries, joint ventures, sponsored Regional Rural Banks (RRBs) and investments in shares and convertible
RBI/2010-11/208 DBOD. No. Dir. BC. 41 /13.03.00/2010-11 September@@NBSP@@ 21, 2010 All Scheduled Commercial Banks (excluding@@NBSP@@ RRBs) Dear Sir, Items excluded from Capital Market Exposure Please refer to para 2.3.4(i) of our Master Circular DBOD. No. Dir.BC14/13.03.00/2010-11 dated July 1, 2010 on Exposure Norms in terms of which banks' investments in own subsidiaries, joint ventures, sponsored Regional Rural Banks (RRBs) and investments in shares and convertible
Sep 17, 2010
In-bound Cross Border Money Transfer Service-Exclusivity Arrangements
RBI/2010-11/206 DPSS.CO.PD. 591/02.27.001/2010-2011 September 17, 2010 All Authorised In-bound Money Transfer Service providers Madam / Dear Sir In-bound Cross Border Money Transfer Service– Exclusivity Arrangements It has come to our notice that, certain Overseas Entities who are authorized by the Reserve Bank of India, under the Payment and Settlement System Act, 2007, to operate in-bound cross border money transfer services through agents appointed in India, have b
RBI/2010-11/206 DPSS.CO.PD. 591/02.27.001/2010-2011 September 17, 2010 All Authorised In-bound Money Transfer Service providers Madam / Dear Sir In-bound Cross Border Money Transfer Service– Exclusivity Arrangements It has come to our notice that, certain Overseas Entities who are authorized by the Reserve Bank of India, under the Payment and Settlement System Act, 2007, to operate in-bound cross border money transfer services through agents appointed in India, have b
Sep 16, 2010
Liquidity Adjustment Facility - Repo and Reverse Repo Rates
RBI/2010-2011/204 FMD.MOAG. No. 50/01.01.01/2010-11 September 16, 2010 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates As announced today in the Mid-Quarter Policy Review, it has been decided to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 5.75 per cent to 6.00 per cent and the reverse repo rate by 50 basis points from 4.50 per cent
RBI/2010-2011/204 FMD.MOAG. No. 50/01.01.01/2010-11 September 16, 2010 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates As announced today in the Mid-Quarter Policy Review, it has been decided to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 5.75 per cent to 6.00 per cent and the reverse repo rate by 50 basis points from 4.50 per cent
Sep 16, 2010
Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2010-11/202 REF.No.MPD.BC. 336 /07.01.279/2010-11 September 16, 2010 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 Mid-Quarter Monetary Policy Review of the Reserve Bank of September 16, 2010, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased @@NBSP@@by 25 basis points from 5.75 per cent
RBI/2010-11/202 REF.No.MPD.BC. 336 /07.01.279/2010-11 September 16, 2010 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 Mid-Quarter Monetary Policy Review of the Reserve Bank of September 16, 2010, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased @@NBSP@@by 25 basis points from 5.75 per cent
Sep 16, 2010
High Level Committee to Review Lead Bank Scheme - Providing Banking Services in every village having population of over 2000
RBI/ 2010-11/ 203 RPCD.CO.LBS.HLC.BC.No. 21 /02.19.10/2010-11 September 16, 2010 CMDs of all SLBC Convenor Banks Dear Sir, High Level Committee to Review Lead Bank Scheme – Providing banking services in every village having population of over 2000 In the Union Budget for 2010-2011 (para 76) presented by the Hon'ble Finance Minister "it has been decided to provide appropriate banking facilities to habitations having population in excess of 2000 by March, 2012". 2.@@NBS
RBI/ 2010-11/ 203 RPCD.CO.LBS.HLC.BC.No. 21 /02.19.10/2010-11 September 16, 2010 CMDs of all SLBC Convenor Banks Dear Sir, High Level Committee to Review Lead Bank Scheme – Providing banking services in every village having population of over 2000 In the Union Budget for 2010-2011 (para 76) presented by the Hon'ble Finance Minister "it has been decided to provide appropriate banking facilities to habitations having population in excess of 2000 by March, 2012". 2.@@NBS
Sep 15, 2010
UCBs - Prevention of Money-laundering Second Amendment Rules, 2010- Obligation of banks
RBI/ 2010-11/201 UBD.BPD. (PCB). Cir.No 12/12.05.001/2010-2011 September@@NBSP@@ 15,@@NBSP@@ 2010 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir, Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions
RBI/ 2010-11/201 UBD.BPD. (PCB). Cir.No 12/12.05.001/2010-2011 September@@NBSP@@ 15,@@NBSP@@ 2010 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir, Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions
Sep 13, 2010
StCBs/DCCBs - List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
RBI/2010-11/ 196 RPCD.CO.RF.AML.No. 3228/07.02.12/2010-11 September 13, 2010 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RF.AML.No.2130/07.02.12/2010-11 dated August 18, 2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated August
RBI/2010-11/ 196 RPCD.CO.RF.AML.No. 3228/07.02.12/2010-11 September 13, 2010 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RF.AML.No.2130/07.02.12/2010-11 dated August 18, 2010. We have since received from Government of India (Ministry of External Affairs) copy of note dated August
Sep 13, 2010
StCBs/DCCBs -KYC guidelines - Accounts of Proprietary Concerns
RBI/2010 -11/195 RPCD.CO.RF.AML.BC. No.20/07.40.00/2010 -11 September 13, 2010 The Chief Executives of all State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) guidelines - accounts of proprietary concerns Please refer to our circular RPCD.CO.RF.AML.BC. No. 83/07.40.00/ 2009-10 dated May 12, 2010 advising banks to lay down criteria in their@@NBSP@@customer identification procedure for opening accounts of proprietary concerns. 2.@@NBSP@@ In this conn
RBI/2010 -11/195 RPCD.CO.RF.AML.BC. No.20/07.40.00/2010 -11 September 13, 2010 The Chief Executives of all State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) guidelines - accounts of proprietary concerns Please refer to our circular RPCD.CO.RF.AML.BC. No. 83/07.40.00/ 2009-10 dated May 12, 2010 advising banks to lay down criteria in their@@NBSP@@customer identification procedure for opening accounts of proprietary concerns. 2.@@NBSP@@ In this conn
Sep 13, 2010
List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
RBI/2010-11/197 DBOD. AML. No. 4154 /14.06.078/2010-11 September 13, 2010 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML.No.3549/14.06.077/2010-11 dated September 1, 2010.@@NBSP@@ We have since received from Government of
RBI/2010-11/197 DBOD. AML. No. 4154 /14.06.078/2010-11 September 13, 2010 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML.No.3549/14.06.077/2010-11 dated September 1, 2010.@@NBSP@@ We have since received from Government of
Sep 09, 2010
RRBs - KYC guidelines - Accounts of Proprietary Concerns
RBI/2010-11/193 RPCD.CORRB.AML.BC.No.19/03.05.33(E)/2010-11 September 9, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Know Your Customer (KYC) guidelines – accounts of proprietary concerns Please refer to our circular RPCD. CO. RRB. AML. No. 67/03.05.33 (E) /2009-10 dated April 9, 2010 @@NBSP@@advising all RRBs to lay down criteria in their customer identification procedure for opening accounts of proprietary concerns. 2.@@NBSP@@ In this connection, it
RBI/2010-11/193 RPCD.CORRB.AML.BC.No.19/03.05.33(E)/2010-11 September 9, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Know Your Customer (KYC) guidelines – accounts of proprietary concerns Please refer to our circular RPCD. CO. RRB. AML. No. 67/03.05.33 (E) /2009-10 dated April 9, 2010 @@NBSP@@advising all RRBs to lay down criteria in their customer identification procedure for opening accounts of proprietary concerns. 2.@@NBSP@@ In this connection, it
Sep 09, 2010
RRBs - KYC Norms/AML Standards/Combating Financing of Terrorism
RBI/2010-11/194 RPCD.CO.RRB.AML.No. 3186 /03.05.28(A)/2010-11 September 9, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) As part of its ongoing review of compliance with the AML/CFT standards, the Financial Action Task Force (FATF) has identified certain jurisdictions which have strategic AML/CFT deficiencies. 2. FATF, vide its statement date
RBI/2010-11/194 RPCD.CO.RRB.AML.No. 3186 /03.05.28(A)/2010-11 September 9, 2010 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) As part of its ongoing review of compliance with the AML/CFT standards, the Financial Action Task Force (FATF) has identified certain jurisdictions which have strategic AML/CFT deficiencies. 2. FATF, vide its statement date
Sep 06, 2010
Union Budget - 2010-11 - Interest Subvention Scheme - 1.5 per cent interest subvention and 2 per cent additional subvention for short-term crop loans in 2010-11
RBI/2010-11/192 RPCD.No.PLFS.BC. 18 /05.04.02/2010-11 September 6, 2010 The Chairman/Managing Director All Public Sector Banks Dear Sir, Union Budget – 2010-11 – Interest Subvention Scheme - 1.5 per cent interest subvention and 2 per cent additional subvention for short-term crop loans in 2010-11 As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 52) for 2010-11 had announced as follows: "In the last budget, I had provided an additional on
RBI/2010-11/192 RPCD.No.PLFS.BC. 18 /05.04.02/2010-11 September 6, 2010 The Chairman/Managing Director All Public Sector Banks Dear Sir, Union Budget – 2010-11 – Interest Subvention Scheme - 1.5 per cent interest subvention and 2 per cent additional subvention for short-term crop loans in 2010-11 As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 52) for 2010-11 had announced as follows: "In the last budget, I had provided an additional on
Sep 06, 2010
Submission of data to Credit Information Companies
RBI/2010-11/191 RPCD.CO.RF.BC.No.17/07.40.06/2010-11 September 6, 2010 All State and Central Co-operative Banks Dear Sir, Submission of data to Credit Information Companies Please refer to our circular RPCD.CO.RF.BC.No.44/07.40.06/2009-10 dated December 1, 2009 on the captioned subject. 2. We advise that apart from Credit Information Bureau of India Ltd., (existing credit information company in operation since January 2001), the Reserve Bank of India has issued certif
RBI/2010-11/191 RPCD.CO.RF.BC.No.17/07.40.06/2010-11 September 6, 2010 All State and Central Co-operative Banks Dear Sir, Submission of data to Credit Information Companies Please refer to our circular RPCD.CO.RF.BC.No.44/07.40.06/2009-10 dated December 1, 2009 on the captioned subject. 2. We advise that apart from Credit Information Bureau of India Ltd., (existing credit information company in operation since January 2001), the Reserve Bank of India has issued certif
Sep 02, 2010
List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
RBI/2010/11/189 DBOD. AML. No.3549 /14.06.077/2010-11 September 1, 2010 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML.No.2121/14.06.076/2010-11 dated August 4, 2010.@@NBSP@@ We have since received from Government of India
RBI/2010/11/189 DBOD. AML. No.3549 /14.06.077/2010-11 September 1, 2010 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter DBOD. AML.No.2121/14.06.076/2010-11 dated August 4, 2010.@@NBSP@@ We have since received from Government of India
Sep 01, 2010
KYC Guidelines - Accounts of Proprietary Concerns
RBI/2010 -11/187 DBOD. AML.BC. No. 38 /14.01.001/2010 -11 August 31, 2010 The Chairmen and Chief Executive Officers All Scheduled Commercial Banks excluding@@NBSP@@ RRBs/ All India Financial institutions/ Local Area Banks Dear Sir, Know Your Customer (KYC) guidelines – accounts of proprietary concerns Please refer to our circular DBOD.AML.BC.No. 80/14.01.001/2009-10 dated March 26, 2010 advising banks to lay down criteria in their@@NBSP@@ customer identification proce
RBI/2010 -11/187 DBOD. AML.BC. No. 38 /14.01.001/2010 -11 August 31, 2010 The Chairmen and Chief Executive Officers All Scheduled Commercial Banks excluding@@NBSP@@ RRBs/ All India Financial institutions/ Local Area Banks Dear Sir, Know Your Customer (KYC) guidelines – accounts of proprietary concerns Please refer to our circular DBOD.AML.BC.No. 80/14.01.001/2009-10 dated March 26, 2010 advising banks to lay down criteria in their@@NBSP@@ customer identification proce
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