Notifications - Regulating Commercial Banking - આરબીઆઈ - Reserve Bank of India
notifications
સપ્ટે 16, 2015
Equity Investment by Banks - Review
RBI/2015-16/176 DBR.No.FSD.BC.37/24.01.001/2015-16 September 16, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Equity Investment by Banks – Review Please refer to circulars DBOD BP(FSC) 1854/C-469-89 dated May 27, 1989 and DBOD FSC BC 45/C.469 dated October 15, 1991, in terms of which banks cannot participate in the equity of financial services ventures including stock exchanges, depositories, etc., without obtaining the prior specific approval
RBI/2015-16/176 DBR.No.FSD.BC.37/24.01.001/2015-16 September 16, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Equity Investment by Banks – Review Please refer to circulars DBOD BP(FSC) 1854/C-469-89 dated May 27, 1989 and DBOD FSC BC 45/C.469 dated October 15, 1991, in terms of which banks cannot participate in the equity of financial services ventures including stock exchanges, depositories, etc., without obtaining the prior specific approval
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સપ્ટે 16, 2015
Guidelines on Compensation of Chief Executive Officer/ Whole Time Directors - Restrictions under Section 20 of the Banking Regulation Act, 1949 - Loans to Directors
RBI/2015-16/178 DBR.Dir.BC.No.38/13.03.00/2015-16 September 16, 2015 All Commercial Banks Dear Sir/Madam Guidelines on Compensation of Chief Executive Officer/ Whole Time Directors – Restrictions under Section 20 of the Banking Regulation Act, 1949 – Loans to Directors Section 20 of Banking Regulation Act, 1949 (B.R. Act, 1949) prohibits banks from granting any loan or advance to any of its Directors. However, in exercise of the powers conferred by clause (a) of the E
RBI/2015-16/178 DBR.Dir.BC.No.38/13.03.00/2015-16 September 16, 2015 All Commercial Banks Dear Sir/Madam Guidelines on Compensation of Chief Executive Officer/ Whole Time Directors – Restrictions under Section 20 of the Banking Regulation Act, 1949 – Loans to Directors Section 20 of Banking Regulation Act, 1949 (B.R. Act, 1949) prohibits banks from granting any loan or advance to any of its Directors. However, in exercise of the powers conferred by clause (a) of the E
સપ્ટે 07, 2015
Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967- 21st Update dated September 3, 2015 of Al-Qaida Sanctions List
RBI/2015-16/171 DBR.AML.No.3441/14.06.001/2015-16 September 7, 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 Servic
RBI/2015-16/171 DBR.AML.No.3441/14.06.001/2015-16 September 7, 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 Servic
ઑગસ્ટ 31, 2015
Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) - Guidance Note
RBI/2015-16/167 DBR.AML.No. 3074/14.01.001/2015-16 August 31, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ All Non-banking Financial Companies/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (SCBs / CCBs) / All authorised persons Dear Sir/ Madam, Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (
RBI/2015-16/167 DBR.AML.No. 3074/14.01.001/2015-16 August 31, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ All Non-banking Financial Companies/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (SCBs / CCBs) / All authorised persons Dear Sir/ Madam, Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (
ઑગસ્ટ 28, 2015
Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)
RBI/2015-16/165DBR.AML.BC.No.36/14.01.001/2015-16 August 28, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ All Non-banking Financial Companies/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (SCBs / CCBs) / All authorised persons Dear Sir/ Madam, Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (C
RBI/2015-16/165DBR.AML.BC.No.36/14.01.001/2015-16 August 28, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ All Non-banking Financial Companies/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (SCBs / CCBs) / All authorised persons Dear Sir/ Madam, Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (C
ઑગસ્ટ 27, 2015
Grant of ‘Certificate of Registration’ - For carrying on the business of Credit Information - CRIF High Mark Credit Information Services Private Limited
RBI/2015-16/161 DBR.CID.BC.35/20.16.042/2015-16 August 27, 2015 All Commercial Banks (excluding RRBs) All India Financial Institutions (EXIM Bank, NABARD, NHB and SIDBI) LIC, GIC, UTI Mutual Fund, UTI Specified Undertaking All Credit Information Companies Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of Credit Information – CRIF High Mark Credit Information Services Private Limited Please refer to our circular DBOD.No.CID.BC.34
RBI/2015-16/161 DBR.CID.BC.35/20.16.042/2015-16 August 27, 2015 All Commercial Banks (excluding RRBs) All India Financial Institutions (EXIM Bank, NABARD, NHB and SIDBI) LIC, GIC, UTI Mutual Fund, UTI Specified Undertaking All Credit Information Companies Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of Credit Information – CRIF High Mark Credit Information Services Private Limited Please refer to our circular DBOD.No.CID.BC.34
ઑગસ્ટ 24, 2015
Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967- 19th and 20th Update dated August 17, and August 18, 2015 of Al-Qaida Sanctions List
RBI/2015-16/159 DBR.AML.No.2723/14.06.001/2015-16 August 24, 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
RBI/2015-16/159 DBR.AML.No.2723/14.06.001/2015-16 August 24, 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
ઑગસ્ટ 14, 2015
Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967- Update dated August 6, 2015 of Al-Qaida Sanctions List
RBI/2015-16/154 DBR.AML.No.2409/14.06.001/2015-16 August 14, 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
RBI/2015-16/154 DBR.AML.No.2409/14.06.001/2015-16 August 14, 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
ઑગસ્ટ 06, 2015
Section 23 of the Banking Regulation Act, 1949 - Relaxations in Branch Authorisation Policy
RBI/2015-16/148 DBR.No.BAPD.BC.34/22.01.001/2015-16 August 6, 2015 All Domestic Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir Section 23 of the Banking Regulation Act, 1949 - Relaxations in Branch Authorisation Policy Please refer to circulars DBOD.No.BAPD.BC.54 and 60/22.01.001/2013-14 dated September 19, 2013 and October 21, 2013 respectively on the above subject, permitting domestic scheduled commercial banks (other than RRBs) to open branches in Tie
RBI/2015-16/148 DBR.No.BAPD.BC.34/22.01.001/2015-16 August 6, 2015 All Domestic Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir Section 23 of the Banking Regulation Act, 1949 - Relaxations in Branch Authorisation Policy Please refer to circulars DBOD.No.BAPD.BC.54 and 60/22.01.001/2013-14 dated September 19, 2013 and October 21, 2013 respectively on the above subject, permitting domestic scheduled commercial banks (other than RRBs) to open branches in Tie
ઑગસ્ટ 06, 2015
Interest Rates on Deposits - Deposits of Army Group Insurance Directorate (AGID), Naval Group Insurance Fund (NGIF) and Air Force Group Insurance Society (AFGIS)
RBI/2015-16/147 DBR.Dir.BC.No.33/13.03.00/2015-16 August 06, 2015 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Interest Rates on Deposits – Deposits of Army Group Insurance Directorate (AGID), Naval Group Insurance Fund (NGIF) and Air Force Group Insurance Society (AFGIS) Please refer to our circulars DBOD.No.Dir.BC.121/C.347 (26)-86 dated October 29, 1986, DBOD. No. Dir. BC.26/C.347(26)-87 dated September 1, 1987 and DBOD. No. Dir. BC. 28/C.347(26)-
RBI/2015-16/147 DBR.Dir.BC.No.33/13.03.00/2015-16 August 06, 2015 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Interest Rates on Deposits – Deposits of Army Group Insurance Directorate (AGID), Naval Group Insurance Fund (NGIF) and Air Force Group Insurance Society (AFGIS) Please refer to our circulars DBOD.No.Dir.BC.121/C.347 (26)-86 dated October 29, 1986, DBOD. No. Dir. BC.26/C.347(26)-87 dated September 1, 1987 and DBOD. No. Dir. BC. 28/C.347(26)-
જુલાઈ 30, 2015
Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) - Standards
RBI/2015-16/143 DBR.AML.No.1637/14.01.001/2015-16 July 30, 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/2015-16/143 DBR.AML.No.1637/14.01.001/2015-16 July 30, 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
જુલાઈ 30, 2015
Provision of Factoring Services by Banks - Review
RBI/2015-16/140 DBR.No.FSD.BC.32/24.01.007/2015-16 July 30, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Provision of Factoring Services by Banks - Review Please refer to circulars IECD.No.PMD.1/50/90-91 dated July 2, 1990, IECD. No. OPMD.BC.9/50-90/91 dated August 30, 1990, DBOD.No.BC 18/24.01.001/93-94 dated February 19, 1994, IECD.No.44/08.12.01/94-95 dated April 27, 1995 and DBOD.No.FSC.BC.49/24.01.001/97-98 dated June 2, 1998 on provision o
RBI/2015-16/140 DBR.No.FSD.BC.32/24.01.007/2015-16 July 30, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Provision of Factoring Services by Banks - Review Please refer to circulars IECD.No.PMD.1/50/90-91 dated July 2, 1990, IECD. No. OPMD.BC.9/50-90/91 dated August 30, 1990, DBOD.No.BC 18/24.01.001/93-94 dated February 19, 1994, IECD.No.44/08.12.01/94-95 dated April 27, 1995 and DBOD.No.FSC.BC.49/24.01.001/97-98 dated June 2, 1998 on provision o
જુલાઈ 22, 2015
Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967-17th and 18th Update of Al-Qaida Sanctions List
RBI/2015-16/136 DBR.AML.No.1223/14.06.001/2015-16 July 22, 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/2015-16/136 DBR.AML.No.1223/14.06.001/2015-16 July 22, 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
જુલાઈ 17, 2015
Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967-16th Update of Al-Qaida Sanctions List
RBI/2015-16/134 DBR.AML.No.1064/14.06.001/2015-16 July 17, 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/2015-16/134 DBR.AML.No.1064/14.06.001/2015-16 July 17, 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
જુલાઈ 16, 2015
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances - Credit Card Accounts
RBI/2015-16/126 DBR.No.BP.BC.30/21.04.048/2015-16 July 16, 2015 All Scheduled Commercial Banks/Non-Banking Financial Companies/Primary (Urban) Co-operative Banks Dear Sir, Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Credit Card Accounts Please refer to circular DBOD.No.BP.BC.78/21.04.048/2013-14 dated December 20, 2013 on the captioned subject. 2. In order to bring in greater credit discipline as also to provi
RBI/2015-16/126 DBR.No.BP.BC.30/21.04.048/2015-16 July 16, 2015 All Scheduled Commercial Banks/Non-Banking Financial Companies/Primary (Urban) Co-operative Banks Dear Sir, Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Credit Card Accounts Please refer to circular DBOD.No.BP.BC.78/21.04.048/2013-14 dated December 20, 2013 on the captioned subject. 2. In order to bring in greater credit discipline as also to provi
જુલાઈ 16, 2015
Deposits placed with NABARD/SIDBI/NHB for meeting shortfall in Priority Sector Lending by Banks-Reporting in Balance Sheet
RBI/2015-16/127 DBR.BP.BC.No.31/21.04.018/2015-16 July 16, 2015 All Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Deposits placed with NABARD/SIDBI/NHB for meeting shortfall in Priority Sector Lending by Banks-Reporting in Balance Sheet Please refer to para 2.1 (v) of our circular DBR.No.BP.BC.6/21.04.141/2015-16 dated July 1, 2015 - Master Circular: Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks in terms of
RBI/2015-16/127 DBR.BP.BC.No.31/21.04.018/2015-16 July 16, 2015 All Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Deposits placed with NABARD/SIDBI/NHB for meeting shortfall in Priority Sector Lending by Banks-Reporting in Balance Sheet Please refer to para 2.1 (v) of our circular DBR.No.BP.BC.6/21.04.141/2015-16 dated July 1, 2015 - Master Circular: Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks in terms of
જુલાઈ 16, 2015
Alteration in the name of “The Ratnakar Bank Limited” to “RBL Bank Limited” in the Second Schedule to the RBI Act, 1934
RBI/2015-16/125 DBR.No.Ret.BC 29 /12.06.47A/2015-16 July 16, 2015 All Scheduled Commercial Banks Dear Sir, Alteration in the name of “The Ratnakar Bank Limited” to “RBL Bank Limited” in the Second Schedule to the RBI Act, 1934 We advise that the name of “The Ratnakar Bank Limited” has been changed to “RBL Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.PSBD.No.8931/16.01.072/2014-15 dated December 15, 2014 and publishe
RBI/2015-16/125 DBR.No.Ret.BC 29 /12.06.47A/2015-16 July 16, 2015 All Scheduled Commercial Banks Dear Sir, Alteration in the name of “The Ratnakar Bank Limited” to “RBL Bank Limited” in the Second Schedule to the RBI Act, 1934 We advise that the name of “The Ratnakar Bank Limited” has been changed to “RBL Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.PSBD.No.8931/16.01.072/2014-15 dated December 15, 2014 and publishe
જુલાઈ 16, 2015
Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines
RBI/2015-16/133 DBS.CO.ARS.No. BC. 2/08.91.021/2015-16 July 16, 2015 The Chairman & Managing Director/ Chief Executive Officers of all Scheduled Commercial Banks (other than Regional Rural Banks) Dear Sir Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines As you are aware, guidelines on 'concurrent audit system in commercial banks' were issued by us vide our circular DOS.No.BC.16/08.91.021/96 dated August 14, 1996 setting out the scope and
RBI/2015-16/133 DBS.CO.ARS.No. BC. 2/08.91.021/2015-16 July 16, 2015 The Chairman & Managing Director/ Chief Executive Officers of all Scheduled Commercial Banks (other than Regional Rural Banks) Dear Sir Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines As you are aware, guidelines on 'concurrent audit system in commercial banks' were issued by us vide our circular DOS.No.BC.16/08.91.021/96 dated August 14, 1996 setting out the scope and
જુલાઈ 09, 2015
Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
RBI/2015-16/120 DBR.No.CID.BC.28 /20.16.056/2015-16 July 9, 2015 All Scheduled Commercial Banks (excluding RRBs) All India Notified Financial Institutions (EXIM, NABARD, NHB & SIDBI) All Credit Information Companies Dear Sir/Madam Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures Please refer to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014 inter alia setting out a Uniform Credit
RBI/2015-16/120 DBR.No.CID.BC.28 /20.16.056/2015-16 July 9, 2015 All Scheduled Commercial Banks (excluding RRBs) All India Notified Financial Institutions (EXIM, NABARD, NHB & SIDBI) All Credit Information Companies Dear Sir/Madam Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures Please refer to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014 inter alia setting out a Uniform Credit
જુલાઈ 03, 2015
Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967-15th Update of Al-Qaida Sanctions List
RBI/2015-16/117 DBR.AML.No.219/14.06.001/2015-16 July 3, 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 Schem
RBI/2015-16/117 DBR.AML.No.219/14.06.001/2015-16 July 3, 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 Schem
જુલાઈ 02, 2015
Bucketing of excess SLR and MSF securities in Structural Liquidity Statement
RBI No 2015-16/109 DBR.No.BP.BC.26/21.04.098/2015-16 July 2, 2015 The Chairmen and Managing Directors / Chief Executive Officers of All Commercial Banks (Excluding RRBs and LABs) Dear Sir, Bucketing of excess SLR and MSF securities in Structural Liquidity Statement Please refer to our Circular DBOD.BP.No.56/21.04.098/2012-13 dated November 7, 2012 on Liquidity Risk Management by Banks in terms of which banks are required to prepare structural liquidity statement (Rupe
RBI No 2015-16/109 DBR.No.BP.BC.26/21.04.098/2015-16 July 2, 2015 The Chairmen and Managing Directors / Chief Executive Officers of All Commercial Banks (Excluding RRBs and LABs) Dear Sir, Bucketing of excess SLR and MSF securities in Structural Liquidity Statement Please refer to our Circular DBOD.BP.No.56/21.04.098/2012-13 dated November 7, 2012 on Liquidity Risk Management by Banks in terms of which banks are required to prepare structural liquidity statement (Rupe
જુલાઈ 02, 2015
Discount Rate for Computing Present Value of Future Cash Flows
RBI/2015-16/111 DBR.No.BP.BC.27/21.04.048/2015-16 July 2, 2015 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Discount Rate for Computing Present Value of Future Cash Flows Please refer to paragraph 4.5 of circular DBOD.BP.BC.No.99/21.04.132/2012-13 dated May 30, 2013, in terms of which a rate equal to the bank's Benchmark Prime Lending Rate or base rate (whichever is applicable to the borrower) as on the date of restructuring plus the appro
RBI/2015-16/111 DBR.No.BP.BC.27/21.04.048/2015-16 July 2, 2015 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Discount Rate for Computing Present Value of Future Cash Flows Please refer to paragraph 4.5 of circular DBOD.BP.BC.No.99/21.04.132/2012-13 dated May 30, 2013, in terms of which a rate equal to the bank's Benchmark Prime Lending Rate or base rate (whichever is applicable to the borrower) as on the date of restructuring plus the appro
જુલાઈ 02, 2015
Opening of Current Accounts by Banks - Need for Discipline
RBI/2015-16/112 DBR.Leg.BC.25./09.07.005/2015-16 July 02, 2015 The Chairman / Chief ExecutiveAll Scheduled Commercial Banks(excluding RRBs) Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to our circular DBOD.No.Leg.BC.84/09.07.005/2003-04 dated May 15, 2004 advising banks to scrupulously ensure that their branches do not open current accounts of entities which enjoy credit facilities (fund based or non-fund based) from the banking sy
RBI/2015-16/112 DBR.Leg.BC.25./09.07.005/2015-16 July 02, 2015 The Chairman / Chief ExecutiveAll Scheduled Commercial Banks(excluding RRBs) Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to our circular DBOD.No.Leg.BC.84/09.07.005/2003-04 dated May 15, 2004 advising banks to scrupulously ensure that their branches do not open current accounts of entities which enjoy credit facilities (fund based or non-fund based) from the banking sy
જુલાઈ 02, 2015
Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account
RBI/2015-16/113 DGBA.GAD.No.14/15.02.003/2015-16 July 2, 2015 The Chairman/Chief Executive Officer Agency Banks Handling the Schemes of Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account Dear Sir Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account Please refer to our circulars IDMD (DGBA).CDD.No.3484/15.02.001/2014-15 dated February 09, 2015 and IDMD (DGBA).CDD.No.4052/15.02.006/2014-15 dated March 11, 2015 regarding Kisan Vikas Patra, 2014 and Sukanya Samriddhi
RBI/2015-16/113 DGBA.GAD.No.14/15.02.003/2015-16 July 2, 2015 The Chairman/Chief Executive Officer Agency Banks Handling the Schemes of Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account Dear Sir Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account Please refer to our circulars IDMD (DGBA).CDD.No.3484/15.02.001/2014-15 dated February 09, 2015 and IDMD (DGBA).CDD.No.4052/15.02.006/2014-15 dated March 11, 2015 regarding Kisan Vikas Patra, 2014 and Sukanya Samriddhi
જૂન 18, 2015
The Depositor Education and Awareness Fund Scheme, 2014 -Section 26A of Banking Regulation Act, 1949- Operational Guidelines
RBI/2014-15/645 DBR.No.DEAF Cell.BC.105/30.01.002/2014-15 June 18, 2015 The Chairman and Managing Director /Chief Executive OfficersAll Scheduled Commercial Banks (including RRBs) and LABs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks Dear Sir/Madam, The Depositor Education and Awareness Fund Scheme, 2014 –Section 26A of Banking Regulation Act, 1949- Operational Guidelines Please refer to instructions contained in paragraph
RBI/2014-15/645 DBR.No.DEAF Cell.BC.105/30.01.002/2014-15 June 18, 2015 The Chairman and Managing Director /Chief Executive OfficersAll Scheduled Commercial Banks (including RRBs) and LABs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks Dear Sir/Madam, The Depositor Education and Awareness Fund Scheme, 2014 –Section 26A of Banking Regulation Act, 1949- Operational Guidelines Please refer to instructions contained in paragraph
જૂન 18, 2015
Alteration in the name of “State Bank of Mauritius Ltd” to “SBM Bank (Mauritius) Ltd” in the Second Schedule to the RBI Act, 1934
RBI/2014-15/646DBR.No.Ret.BC. 106 /12.06.091A/2014-15 June 18, 2015 All Scheduled Commercial Banks Dear Sir, Alteration in the name of “State Bank of Mauritius Ltd” to “SBM Bank (Mauritius) Ltd” in the Second Schedule to the RBI Act, 1934 We advise that the name of “State Bank of Mauritius Ltd.” has been changed to “SBM Bank (Mauritius) Ltd.” in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.IBD. No.15257/ 23.13.043/2014-15 dated Apri
RBI/2014-15/646DBR.No.Ret.BC. 106 /12.06.091A/2014-15 June 18, 2015 All Scheduled Commercial Banks Dear Sir, Alteration in the name of “State Bank of Mauritius Ltd” to “SBM Bank (Mauritius) Ltd” in the Second Schedule to the RBI Act, 1934 We advise that the name of “State Bank of Mauritius Ltd.” has been changed to “SBM Bank (Mauritius) Ltd.” in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.IBD. No.15257/ 23.13.043/2014-15 dated Apri
જૂન 17, 2015
Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967-14th Update of Al-Qaida Sanctions List
RBI/2014-15/642 DBR. AML.No. 19138/14.06.001/2014-15 June 17, 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
RBI/2014-15/642 DBR. AML.No. 19138/14.06.001/2014-15 June 17, 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
જૂન 11, 2015
Amendment to Prevention of Money Laundering (Maintenance of Records) Rules, 2005 - additional documents for the limited purpose of ‘proof of address’
RBI/2014-15/633 DBR. AML.BC. No.104/14.01.001/2014-15 June 11, 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 Servic
RBI/2014-15/633 DBR. AML.BC. No.104/14.01.001/2014-15 June 11, 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 Servic
જૂન 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
જૂન 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
જૂન 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)”
જૂન 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
જૂન 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
જૂન 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
જૂન 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
મે 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
મે 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
મે 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
મે 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
મે 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
મે 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
મે 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
મે 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
એપ્રિલ 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
એપ્રિલ 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
એપ્રિલ 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
એપ્રિલ 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
એપ્રિલ 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
એપ્રિલ 16, 2015
Interest Rates on Deposits
RBI/2014-15/554 DBR.No.Dir.BC.87/13.03.00/2014-15 April 16, 2015 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Interest Rates on Deposits Please refer to our circulars DBOD. No. Dir.BC.36/13.03.00/98 dated April 29, 1998, DBOD. No. Dir.BC.07/13.03.00/2001-02 dated August 11, 2001 and DBOD. No. Dir. BC.74/13.03.00/2012-13 dated January 24, 2013 in terms of which banks are allowed to offer differential rates of interest on term deposits on the basis of
RBI/2014-15/554 DBR.No.Dir.BC.87/13.03.00/2014-15 April 16, 2015 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Interest Rates on Deposits Please refer to our circulars DBOD. No. Dir.BC.36/13.03.00/98 dated April 29, 1998, DBOD. No. Dir.BC.07/13.03.00/2001-02 dated August 11, 2001 and DBOD. No. Dir. BC.74/13.03.00/2012-13 dated January 24, 2013 in terms of which banks are allowed to offer differential rates of interest on term deposits on the basis of
એપ્રિલ 16, 2015
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List
RBI/2014-15/555DBR.AML.No.15428/14.06.001/2014-15 April 16, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions Dear Sir/ Madam, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBR.AML.No.15135/14.06.001/2014-15 dated April 9, 2015 on the captioned subject releasing the 11th upda
RBI/2014-15/555DBR.AML.No.15428/14.06.001/2014-15 April 16, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions Dear Sir/ Madam, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBR.AML.No.15135/14.06.001/2014-15 dated April 9, 2015 on the captioned subject releasing the 11th upda
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