Notifications - Regulating Commercial Banking - RBI - Reserve Bank of India
Notifications
Jun 11, 2015
Guidelines on Sale of Financial Assets to Securitisation Company (SC)/Reconstruction Company (RC) and Related Issues
RBI/2014-15/634 DBR.No.FID.5/01.02.00/2014-15 June 11, 2015 All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Guidelines on Sale of Financial Assets to Securitisation Company (SC)/Reconstruction Company (RC) and Related Issues Please refer to paragraph 3.4 of circular DBOD.BP.BC.No.98/21.04.132/2013-14 dated February 26, 2014 and our subsequent mailbox clarification dated April 9, 2014 on the captioned subject. These guid
RBI/2014-15/634 DBR.No.FID.5/01.02.00/2014-15 June 11, 2015 All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Guidelines on Sale of Financial Assets to Securitisation Company (SC)/Reconstruction Company (RC) and Related Issues Please refer to paragraph 3.4 of circular DBOD.BP.BC.No.98/21.04.132/2013-14 dated February 26, 2014 and our subsequent mailbox clarification dated April 9, 2014 on the captioned subject. These guid
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Jun 11, 2015
Reporting requirement on On-site, Off-site and Mobile ATMs
RBI/2014-15/635 DBR.No.BAPD.BC.102/22.01.001/2014-15 June 11, 2015 All Scheduled Commercial Banks (Including RRBs) Dear Sir/Madam, Reporting requirement on On-site, Off-site and Mobile ATMs Please refer to Circulars DBOD.No.BP.BC.152/21.03.051/94 dated December 29, 1994, DBOD.No.BL.BC.137/22.01.001/2008-09 dated June 12, 2009 and DBOD. No. BL.BC.27/22.01.001/2010-11 dated July 23, 2010 wherein, inter alia, banks have been advised to furnish data on ATMs to concerned R
RBI/2014-15/635 DBR.No.BAPD.BC.102/22.01.001/2014-15 June 11, 2015 All Scheduled Commercial Banks (Including RRBs) Dear Sir/Madam, Reporting requirement on On-site, Off-site and Mobile ATMs Please refer to Circulars DBOD.No.BP.BC.152/21.03.051/94 dated December 29, 1994, DBOD.No.BL.BC.137/22.01.001/2008-09 dated June 12, 2009 and DBOD. No. BL.BC.27/22.01.001/2010-11 dated July 23, 2010 wherein, inter alia, banks have been advised to furnish data on ATMs to concerned R
Jun 08, 2015
Strategic Debt Restructuring Scheme
RBI/2014-15/627 DBR.BP.BC.No.101/21.04.132/2014-15 June 8, 2015 All Scheduled Commercial Banks (excluding RRBs) All-India Term-lending and Refinancing Institutions(Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Strategic Debt Restructuring Scheme Please refer to our circular DBOD.BP.BC.No.97/21.04.132/2013-14 dated February 26, 2014 on “Framework for Revitalising Distressed Assets in the Economy – Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP)”
RBI/2014-15/627 DBR.BP.BC.No.101/21.04.132/2014-15 June 8, 2015 All Scheduled Commercial Banks (excluding RRBs) All-India Term-lending and Refinancing Institutions(Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Strategic Debt Restructuring Scheme Please refer to our circular DBOD.BP.BC.No.97/21.04.132/2013-14 dated February 26, 2014 on “Framework for Revitalising Distressed Assets in the Economy – Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP)”
Jun 04, 2015
Submission of Long Form Audit Report (LFAR) by Concurrent Auditors
RBI/2014-15/626 DBS.CO.ARS.BC.8/08.91.001/2014-15 June 4, 2015 CMD of Nationalized Banks Chairman SBI MD of Associate Banks of SBI Madam/Dear Sir, Submission of Long Form Audit Report (LFAR) by Concurrent Auditors In terms of enclosure 1 of RBI circular DBS.CO.PP.BC.11/11.01.005/2001-2002 dated April 17, 2002 all the banks were advised, inter alia, as under: LFAR in respect of branch should be addressed by the branch auditors to the Chairman of the bank, concerned wit
RBI/2014-15/626 DBS.CO.ARS.BC.8/08.91.001/2014-15 June 4, 2015 CMD of Nationalized Banks Chairman SBI MD of Associate Banks of SBI Madam/Dear Sir, Submission of Long Form Audit Report (LFAR) by Concurrent Auditors In terms of enclosure 1 of RBI circular DBS.CO.PP.BC.11/11.01.005/2001-2002 dated April 17, 2002 all the banks were advised, inter alia, as under: LFAR in respect of branch should be addressed by the branch auditors to the Chairman of the bank, concerned wit
Jun 02, 2015
Change in Bank Rate -SCBs/ LABS/ RRBs
RBI/2014-15/624 DBR.No.Ret.BC. 99 /12.01.001/2014-15 June 02, 2015 All Scheduled Commercial Banks, Local Area Banks and RRBs Dear Sir, Change in Bank Rate Please refer to circular DBR.No.Ret.BC.73/12.01.001/2014-15 dated March 04, 2015 on the captioned subject. 2. As announced in the Press Release 2014-15/2547 dated June 02, 2015, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from June 02, 2015. 3. All penal interest
RBI/2014-15/624 DBR.No.Ret.BC. 99 /12.01.001/2014-15 June 02, 2015 All Scheduled Commercial Banks, Local Area Banks and RRBs Dear Sir, Change in Bank Rate Please refer to circular DBR.No.Ret.BC.73/12.01.001/2014-15 dated March 04, 2015 on the captioned subject. 2. As announced in the Press Release 2014-15/2547 dated June 02, 2015, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from June 02, 2015. 3. All penal interest
Jun 01, 2015
Issue of Long Term Bonds by banks for Financing of Infrastructure and Affordable Housing - Cross Holding
RBI/2014-15/618 DBR.BP.BC.No.98/08.12.014/2014-15 June 01, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Issue of Long Term Bonds by banks for Financing of Infrastructure and Affordable Housing – Cross Holding Please refer to our circular DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014 allowing banks to issue long term bonds, with exemptions from certain regulatory pre-emptions, for their financing of infrastructure and affordable housing loans
RBI/2014-15/618 DBR.BP.BC.No.98/08.12.014/2014-15 June 01, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Issue of Long Term Bonds by banks for Financing of Infrastructure and Affordable Housing – Cross Holding Please refer to our circular DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014 allowing banks to issue long term bonds, with exemptions from certain regulatory pre-emptions, for their financing of infrastructure and affordable housing loans
Jun 01, 2015
Guidelines on Compensation of Non-executive Directors of Private Sector Banks
RBI/2014-15/617 DBR.No.BC.97/29.67.001/2014-15 June 1, 2015 The Managing Director and CEOAll Private Sector Banks Dear Sir/Madam, Guidelines on Compensation of Non-executive Directors of Private Sector Banks The need to bring in professionalism to the boards of banks cannot be overemphasized. In order to enable banks to attract and retain professional directors, it is essential that such directors are appropriately compensated. At present, banks in private sector pay
RBI/2014-15/617 DBR.No.BC.97/29.67.001/2014-15 June 1, 2015 The Managing Director and CEOAll Private Sector Banks Dear Sir/Madam, Guidelines on Compensation of Non-executive Directors of Private Sector Banks The need to bring in professionalism to the boards of banks cannot be overemphasized. In order to enable banks to attract and retain professional directors, it is essential that such directors are appropriately compensated. At present, banks in private sector pay
May 28, 2015
Calendar of reviews
RBI/2014-15/614 DBR.No.BC.95/29.67.001/2014-15 May 28, 2015 The Managing Director & Chief Executive Officers All Private Sector Banks Dear Sir/Madam, Calendar of reviews Please refer to our circular DBR.No.BC.93/29.67.001/2014-15 dated May 14, 2015 (copy enclosed), addressed to all the CMDs / MD & CEOs of all public sector banks on the captioned matter. 2. We advise that the private sector banks may also adhere to the instructions contained in the above mentio
RBI/2014-15/614 DBR.No.BC.95/29.67.001/2014-15 May 28, 2015 The Managing Director & Chief Executive Officers All Private Sector Banks Dear Sir/Madam, Calendar of reviews Please refer to our circular DBR.No.BC.93/29.67.001/2014-15 dated May 14, 2015 (copy enclosed), addressed to all the CMDs / MD & CEOs of all public sector banks on the captioned matter. 2. We advise that the private sector banks may also adhere to the instructions contained in the above mentio
May 28, 2015
Hedging of Commodity Price Risk - Creating awareness among borrowers
RBI/2014-15/612 DBR.No.BP.BC.96 /21.04.157/2014-15 May 28, 2015 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir / Madam, Hedging of Commodity Price Risk - Creating awareness among borrowers Banks provide a number of credit facilities to customers engaged in activities related to agriculture. One of the prominent, albeit indirect, risks in this sector is that of volatility in agricultur
RBI/2014-15/612 DBR.No.BP.BC.96 /21.04.157/2014-15 May 28, 2015 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir / Madam, Hedging of Commodity Price Risk - Creating awareness among borrowers Banks provide a number of credit facilities to customers engaged in activities related to agriculture. One of the prominent, albeit indirect, risks in this sector is that of volatility in agricultur
May 27, 2015
Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967-12th Update of Al-Qaida Sanctions List
RBI/2014-15/611 DBR.AML.No.18088/14.06.001/2014-15 May 27, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who are agents of Money Transfer Service Sc
RBI/2014-15/611 DBR.AML.No.18088/14.06.001/2014-15 May 27, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who are agents of Money Transfer Service Sc
May 21, 2015
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances - Spread over of shortfall
RBI/2014-15/606 DBR.No.BP.BC.94/21.04.048/2014-15 May 21, 2015 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam/Dear Sir, Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Spread over of shortfall Please refer to our circular DBOD.BP.BC.No.98/21.04.132/2013-14 dated February 26, 2014 wherein paragraph 3.4 states that “As an incentive for early sale of NPAs, banks can spread over any shortfall, i
RBI/2014-15/606 DBR.No.BP.BC.94/21.04.048/2014-15 May 21, 2015 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam/Dear Sir, Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Spread over of shortfall Please refer to our circular DBOD.BP.BC.No.98/21.04.132/2013-14 dated February 26, 2014 wherein paragraph 3.4 states that “As an incentive for early sale of NPAs, banks can spread over any shortfall, i
May 20, 2015
Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967-12th Update of Al-Qaida Sanctions List
RBI/2014-15/602 DBR.AML.No.17668/14.06.001/2014-15 May 20, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who are agents of Money Transfer Service Sc
RBI/2014-15/602 DBR.AML.No.17668/14.06.001/2014-15 May 20, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who are agents of Money Transfer Service Sc
May 14, 2015
Calendar of Reviews
RBI/2014-15/592 DBR No.BC.93/29.67.001/2014-15 May 14, 2015 The Chairman & Managing Directors / Managing Director & Chief Executive Officers - All Public Sector Banks Dear Sir / Madam, Calendar of Reviews Please refer to our circular No.DBOD.BP.BC.71/21.03.038/2007-08 dated April 22, 2008 advising banks regarding Calendar of Reviews to be put up to the Board / Management Committee. 2. RBI has prescribed comprehensive ‘Calendar of Reviews’ to be deliberated by
RBI/2014-15/592 DBR No.BC.93/29.67.001/2014-15 May 14, 2015 The Chairman & Managing Directors / Managing Director & Chief Executive Officers - All Public Sector Banks Dear Sir / Madam, Calendar of Reviews Please refer to our circular No.DBOD.BP.BC.71/21.03.038/2007-08 dated April 22, 2008 advising banks regarding Calendar of Reviews to be put up to the Board / Management Committee. 2. RBI has prescribed comprehensive ‘Calendar of Reviews’ to be deliberated by
May 08, 2015
Implementation of Section 51-A of UAPA, 1967-11th Update Now Available and Re-numbering of Previous Updates
RBI/2014-15/591 DBR.AML.No.16989/14.06.001/2014-15 May 8, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs)@@NBSP@@ /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons and authorised persons who are agents of Money Trans
RBI/2014-15/591 DBR.AML.No.16989/14.06.001/2014-15 May 8, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs)@@NBSP@@ /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons and authorised persons who are agents of Money Trans
May 07, 2015
Framework for dealing with loan frauds
RBI/2014-15/590 DBS.CO.CFMC.BC.No.007/23.04.001/2014-15 May 7, 2015 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir/Madam, Framework for dealing with loan frauds The rising trend in loan related frauds in the financial sector is a matter of serious concern. Equally disquieting is the delay in detection and reporting of such frauds by banks. The issues relating to preven
RBI/2014-15/590 DBS.CO.CFMC.BC.No.007/23.04.001/2014-15 May 7, 2015 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir/Madam, Framework for dealing with loan frauds The rising trend in loan related frauds in the financial sector is a matter of serious concern. Equally disquieting is the delay in detection and reporting of such frauds by banks. The issues relating to preven
Apr 30, 2015
Acquisition of Accommodation on Lease/Rental basis by Commercial Banks for their use (i.e. for Office and Residence of Staff) - Liberalization of guidelines
RBI/2014-15/582 DBR.No.BAPD.BC.92/22.01.003/2014-15 April 30, 2015 All Commercial Banks (including RRBs) Dear Sir/Madam, Acquisition of Accommodation on Lease/Rental basis by Commercial Banks for their use (i.e. for Office and Residence of Staff) – Liberalization of guidelines Please refer to Circulars DBOD.No.BL.BC.105/22.01.03/98 dated November 11, 1998, DBOD.No.BL.BC.32/22.01.003/2008-09 dated August 21, 2008 and DBOD. No.BAPD.BC.59/22.01.003/2012-13 dated November
RBI/2014-15/582 DBR.No.BAPD.BC.92/22.01.003/2014-15 April 30, 2015 All Commercial Banks (including RRBs) Dear Sir/Madam, Acquisition of Accommodation on Lease/Rental basis by Commercial Banks for their use (i.e. for Office and Residence of Staff) – Liberalization of guidelines Please refer to Circulars DBOD.No.BL.BC.105/22.01.03/98 dated November 11, 1998, DBOD.No.BL.BC.32/22.01.003/2008-09 dated August 21, 2008 and DBOD. No.BAPD.BC.59/22.01.003/2012-13 dated November
Apr 23, 2015
Rights of transgender persons - Changes in bank forms/applications etc
RBI/2014-15/572 DBR.No.Leg.BC.91/09.07.005/2014-15 April 23, 2015 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Rights of transgender persons – Changes in bank forms/applications etc. It has been brought to our notice that transgender persons face difficulties in opening accounts as there is no provision for them in the account opening and other forms. 2. in this connection, banks are advised to refer to the judgement dated April 15, 2014 of the Supre
RBI/2014-15/572 DBR.No.Leg.BC.91/09.07.005/2014-15 April 23, 2015 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Rights of transgender persons – Changes in bank forms/applications etc. It has been brought to our notice that transgender persons face difficulties in opening accounts as there is no provision for them in the account opening and other forms. 2. in this connection, banks are advised to refer to the judgement dated April 15, 2014 of the Supre
Apr 23, 2015
Collection and Dissemination of Information on Defaulters
RBI/2014-15/565 DBR.No.CID.BC.89/20.16.001/2014-15 April 23, 2015 i) All Scheduled Commercial Banks (excluding RRBs and LABs) and ii) All India Notified Financial Institutions Dear Sir / Madam Collection and Dissemination of Information on Defaulters Please refer to our Circular DBOD.No.DL.BC.54/20.16.001/2001-02 dated December 22, 2001 on the above subject. 2. As you are aware, Section 2(60) of the Companies Act, 2013 defines an officer who is in default to mean only
RBI/2014-15/565 DBR.No.CID.BC.89/20.16.001/2014-15 April 23, 2015 i) All Scheduled Commercial Banks (excluding RRBs and LABs) and ii) All India Notified Financial Institutions Dear Sir / Madam Collection and Dissemination of Information on Defaulters Please refer to our Circular DBOD.No.DL.BC.54/20.16.001/2001-02 dated December 22, 2001 on the above subject. 2. As you are aware, Section 2(60) of the Companies Act, 2013 defines an officer who is in default to mean only
Apr 23, 2015
Collection and Dissemination of Information on Wilful Defaulters
RBI/2014-15/566 DBR.No.CID.BC.90/20.16.003/2014-15 April 23, 2015 i) All Scheduled Commercial Banks (excluding RRBs and LABs) and ii) All India Notified Financial Institutions Dear Sir / Madam Collection and Dissemination of Information on Wilful Defaulters Please refer to the Master Circular on Wilful Defaulters DBR.No.CID.BC.57/20.16.003/2014-15 dated January 7, 2015. 2. Paragraph 3 of the Circular has been amended as follows (amended portion in bold italics): “3. M
RBI/2014-15/566 DBR.No.CID.BC.90/20.16.003/2014-15 April 23, 2015 i) All Scheduled Commercial Banks (excluding RRBs and LABs) and ii) All India Notified Financial Institutions Dear Sir / Madam Collection and Dissemination of Information on Wilful Defaulters Please refer to the Master Circular on Wilful Defaulters DBR.No.CID.BC.57/20.16.003/2014-15 dated January 7, 2015. 2. Paragraph 3 of the Circular has been amended as follows (amended portion in bold italics): “3. M
Apr 23, 2015
Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation
RBI/2014-15/563 DBR.No.BP.BC.88/21.04.048/2014-15 April 23, 2015 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation Please refer to our circular DBS.CO.FrMC.BC.No.10/23.04.001/2010-11 dated May 31, 2011 on ‘Findings of Forensic Scrutiny- Guidelines for prevention of frauds’, in terms of which banks were advised to immediately put in place ‘staff rotation’ policy an
RBI/2014-15/563 DBR.No.BP.BC.88/21.04.048/2014-15 April 23, 2015 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation Please refer to our circular DBS.CO.FrMC.BC.No.10/23.04.001/2010-11 dated May 31, 2011 on ‘Findings of Forensic Scrutiny- Guidelines for prevention of frauds’, in terms of which banks were advised to immediately put in place ‘staff rotation’ policy an
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