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મે 03, 2012
Implementation of Section 51-A of UAPA, 1967 -Updates of the UNSCR Committee's Al Qaida Sanctions List
RBI/2011-12/531 DNBS(PD).CC. No 271 /03.10.42 /2011-12 May 3, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) /1989(2011) Committee's Al Qaida Sanctions List Please refer to DNBS (PD).CC. No 269 /03.10.42 /2011-12 dated April 4, 2012. The Chairman of UN Security Council's 1267/ 1989 Committee has issued notes dated March 14, 2012, March 21, 2012, April
RBI/2011-12/531 DNBS(PD).CC. No 271 /03.10.42 /2011-12 May 3, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) /1989(2011) Committee's Al Qaida Sanctions List Please refer to DNBS (PD).CC. No 269 /03.10.42 /2011-12 dated April 4, 2012. The Chairman of UN Security Council's 1267/ 1989 Committee has issued notes dated March 14, 2012, March 21, 2012, April
એપ્રિલ 04, 2012
Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR 1988 (2011) Sanctions List
RBI/2011-12/485DNBS (PD).CC. No 268/03.10.42 /2011-12 April 04, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR 1988 (2011) Sanctions List Please refer to DNBS(PD).CC. No 262/03.10.42 /2011-12 dated March 20, 2012. The Chairman of UN Security Council's@@NBSP@@ 1988 Committee has issued a note dated February 14, 2012 (copy enclosed) regarding changes made in the “1988
RBI/2011-12/485DNBS (PD).CC. No 268/03.10.42 /2011-12 April 04, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR 1988 (2011) Sanctions List Please refer to DNBS(PD).CC. No 262/03.10.42 /2011-12 dated March 20, 2012. The Chairman of UN Security Council's@@NBSP@@ 1988 Committee has issued a note dated February 14, 2012 (copy enclosed) regarding changes made in the “1988
એપ્રિલ 04, 2012
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
RBI/2011-12/487 DNBS(PD).CC. No.270 /03.10.42 /2011-12 April 04 , 2012 @@NBSP@@ All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to DNBS(PD).CC.No.257/03.10.42/ 2011-12 dated March 14, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. @@NBSP@@Financial Action Task Force (FATF) has updated its Statement o
RBI/2011-12/487 DNBS(PD).CC. No.270 /03.10.42 /2011-12 April 04 , 2012 @@NBSP@@ All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to DNBS(PD).CC.No.257/03.10.42/ 2011-12 dated March 14, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. @@NBSP@@Financial Action Task Force (FATF) has updated its Statement o
એપ્રિલ 04, 2012
Implementation of Section 51-A of UAPA, 1967 -Updates of the UNSCR Committee's Al Qaida Sanctions List
RBI/2011-12/486 DNBS(PD).CC. No.269 /03.10.42 /2011-12 April 04 , 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967 -Updates of the UNSCR 1267 (1999) /1989( 2011) Committee's Al Qaida Sanctions List Please refer to DNBS (PD).CC. No 267 /03.10.42 /2011-12 dated March 26, 2011. The Chairman of UN Security Council's 1267/ 1989 Committee has issued notes dated February 23, 2012, March 6, 2012,
RBI/2011-12/486 DNBS(PD).CC. No.269 /03.10.42 /2011-12 April 04 , 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967 -Updates of the UNSCR 1267 (1999) /1989( 2011) Committee's Al Qaida Sanctions List Please refer to DNBS (PD).CC. No 267 /03.10.42 /2011-12 dated March 26, 2011. The Chairman of UN Security Council's 1267/ 1989 Committee has issued notes dated February 23, 2012, March 6, 2012,
માર્ચ 26, 2012
Guidelines on Fair Practices Code for NBFCs

RBI/2011-12/470 DNBS.CC.PD.No.266 /03.10.01/2011-12 March 26, 2012 To All NBFCs Dear Sir, Guidelines on Fair Practices Code for NBFCs The Reserve Bank vide its circular dated September 28, 2006, issued guidelines on Fair Practices Code (FPC) for all NBFCs to be adopted by them while doing lending business. The guidelines inter alia, covered general principles on adequate disclosures on the terms and conditions of a loan and also adopting a non-coercive recovery method

RBI/2011-12/470 DNBS.CC.PD.No.266 /03.10.01/2011-12 March 26, 2012 To All NBFCs Dear Sir, Guidelines on Fair Practices Code for NBFCs The Reserve Bank vide its circular dated September 28, 2006, issued guidelines on Fair Practices Code (FPC) for all NBFCs to be adopted by them while doing lending business. The guidelines inter alia, covered general principles on adequate disclosures on the terms and conditions of a loan and also adopting a non-coercive recovery method

માર્ચ 26, 2012
Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR 1267 (1999) /2989 (2011) Committee's Al Qaida Sanctions List
RBI/2011-12/471 DNBS(PD).CC. No 267/03.10.42/2011-12 March 26, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR 1267 (1999) /2989 (2011) Committee's Al Qaida Sanctions List Please refer to DNBS (PD).CC. No 261/03.10.42 /2011-12 dated March 20, 2012. The Chairman of UN Security Council's 1267/ 1989 Committee has issued note on January 26, 2012 (copy enclosed) regarding
RBI/2011-12/471 DNBS(PD).CC. No 267/03.10.42/2011-12 March 26, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR 1267 (1999) /2989 (2011) Committee's Al Qaida Sanctions List Please refer to DNBS (PD).CC. No 261/03.10.42 /2011-12 dated March 20, 2012. The Chairman of UN Security Council's 1267/ 1989 Committee has issued note on January 26, 2012 (copy enclosed) regarding
માર્ચ 21, 2012
NBFCs - KYC Norms/AML Standards/Combating Financing of Terrorism/Obligation of banks under PMLA, 2002- Assessment and Monitoring of Risk
RBI/2011-12/466 DNBS(PD).CC. No 264/03.10.42/2011-12 March 21, 2012 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)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk Please refer to our Master Circular DNBC(PD)CC No 231/03.10.42/2011 -12 dated July 01, 2011 on Know Your
RBI/2011-12/466 DNBS(PD).CC. No 264/03.10.42/2011-12 March 21, 2012 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)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk Please refer to our Master Circular DNBC(PD)CC No 231/03.10.42/2011 -12 dated July 01, 2011 on Know Your
માર્ચ 21, 2012
NBFCs - Lending Against Security of Single Product - Gold Jewellery

RBI/2011-12/467 DNBS.CC.PD.No.265/03.10.01/2011-12 March 21, 2012 To All NBFCs Dear Sir, Lending Against Security of Single Product – Gold Jewellery It is observed that NBFCs that are predominantly engaged in lending against the collateral of gold jewellery have recorded significant growth in recent years both in terms of size of their balance sheet and physical presence. This in turn, has led to their increased dependence on public funds including bank finance and no

RBI/2011-12/467 DNBS.CC.PD.No.265/03.10.01/2011-12 March 21, 2012 To All NBFCs Dear Sir, Lending Against Security of Single Product – Gold Jewellery It is observed that NBFCs that are predominantly engaged in lending against the collateral of gold jewellery have recorded significant growth in recent years both in terms of size of their balance sheet and physical presence. This in turn, has led to their increased dependence on public funds including bank finance and no

માર્ચ 20, 2012
Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR 1988 (2011) Sanctions List
RBI/2011-12/460 DNBS (PD).CC. No 262 /03.10.42 /2011-12 March 20, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR 1988 (2011) Sanctions List Please refer to DNBS (PD).CC. No 260/03.10.42 /2011-12 dated March 15, 2012. The Chairman of UN Security Council's 1988 Committee has issued notes dated July 5, 2011, July 18, 2011, July 29, 2011, August 16, 2011, October 4, 201
RBI/2011-12/460 DNBS (PD).CC. No 262 /03.10.42 /2011-12 March 20, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967-Updates of the UNSCR 1988 (2011) Sanctions List Please refer to DNBS (PD).CC. No 260/03.10.42 /2011-12 dated March 15, 2012. The Chairman of UN Security Council's 1988 Committee has issued notes dated July 5, 2011, July 18, 2011, July 29, 2011, August 16, 2011, October 4, 201
માર્ચ 20, 2012
Implementation of Section 51 A of UAPA, 1967 -Updates of the UNSCR Committee's Al Qaida Sanctions List
RBI/2011-12/459 DNBS (PD).CC. No 261 /03.10.42 /2011-12 March@@NBSP@@ 20, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967 -Updates of the UNSCR 1267 (1999) and 1989 (2011) Committee's Al Qaida Sanctions List Please refer to DNBS(PD).CC. No 260/03.10.42/2011-12 dated March 15, 2012. The Chairman of UN Security Council's 1267/ 1989 Committee has issued notes on October 5, 2011, October 17,
RBI/2011-12/459 DNBS (PD).CC. No 261 /03.10.42 /2011-12 March@@NBSP@@ 20, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967 -Updates of the UNSCR 1267 (1999) and 1989 (2011) Committee's Al Qaida Sanctions List Please refer to DNBS(PD).CC. No 260/03.10.42/2011-12 dated March 15, 2012. The Chairman of UN Security Council's 1267/ 1989 Committee has issued notes on October 5, 2011, October 17,
માર્ચ 20, 2012
Non Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) - Provisioning Norms- Extension of time

RBI/2011-12/463 DNBS.PD/ CC.No.263 / 03.10.038 /2011-12 March 20, 2012 All NBFCs (excluding RNBCs) Dear Sir, 'Non Banking Financial Company-Micro Finance Institutions' (NBFC-MFIs) - Provisioning Norms- Extension of time A new category of NBFCs namely 'Non Banking Financial Company-Micro Finance Institutions' (NBFC-MFIs) was introduced vide DNBS.CC.PD.No.250/03.10.01/2011-12 dated December 02, 2011, which also contained guidelines on asset classification and provisioni

RBI/2011-12/463 DNBS.PD/ CC.No.263 / 03.10.038 /2011-12 March 20, 2012 All NBFCs (excluding RNBCs) Dear Sir, 'Non Banking Financial Company-Micro Finance Institutions' (NBFC-MFIs) - Provisioning Norms- Extension of time A new category of NBFCs namely 'Non Banking Financial Company-Micro Finance Institutions' (NBFC-MFIs) was introduced vide DNBS.CC.PD.No.250/03.10.01/2011-12 dated December 02, 2011, which also contained guidelines on asset classification and provisioni

માર્ચ 15, 2012
Implementation of Section 51-A of UAPA, 1967- Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban
RBI/2011-12/447 DNBS(PD).CC. No 260 /03.10.42 /2011-12 March 15, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967- Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban Please refer to the UN Security Council's 1267 Committee’s Consolidated List of individuals and entities linked to Al-Qaida and Taliban who are subject to the assets freeze, tra
RBI/2011-12/447 DNBS(PD).CC. No 260 /03.10.42 /2011-12 March 15, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of Section 51-A of UAPA, 1967- Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban Please refer to the UN Security Council's 1267 Committee’s Consolidated List of individuals and entities linked to Al-Qaida and Taliban who are subject to the assets freeze, tra
માર્ચ 15, 2012
Non- Reckoning Fixed Deposits with Banks as Financial Assets

RBI/2011-12/446 DNBS (PD)CC.No.259 /03.02.59/2011-12 March 15, 2012 All Non Banking Financial Companies (excluding Residuary Non Banking Companies) Dear Sir, Non- Reckoning Fixed Deposits with Banks as Financial Assets In terms of Section 45IA (1) of the RBI Act 1934, no non-banking financial company shall commence business or carry on the business of a non-banking financial institution without (a) obtaining a certificate of registration (CoR) from the Reserve Bank an

RBI/2011-12/446 DNBS (PD)CC.No.259 /03.02.59/2011-12 March 15, 2012 All Non Banking Financial Companies (excluding Residuary Non Banking Companies) Dear Sir, Non- Reckoning Fixed Deposits with Banks as Financial Assets In terms of Section 45IA (1) of the RBI Act 1934, no non-banking financial company shall commence business or carry on the business of a non-banking financial institution without (a) obtaining a certificate of registration (CoR) from the Reserve Bank an

માર્ચ 14, 2012
Implementation of UNSCR 1929 (2010) on Non-proliferation -Government of India Order of November 04, 2011
RBI/2011-12/442 DNBS(PD).CC. No 258/03.10.42/2011-12 March 14 , 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of UNSCR 1929 (2010) on Non-proliferation –Government of India Order of November 04, 2011 Please find enclosed a copy of Ministry of External Affairs Order dated November 4, 2011 published in the Gazette of India on implementation of United Nations Security Council Resolution 1929 (2010). 2. Utmost care sho
RBI/2011-12/442 DNBS(PD).CC. No 258/03.10.42/2011-12 March 14 , 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Implementation of UNSCR 1929 (2010) on Non-proliferation –Government of India Order of November 04, 2011 Please find enclosed a copy of Ministry of External Affairs Order dated November 4, 2011 published in the Gazette of India on implementation of United Nations Security Council Resolution 1929 (2010). 2. Utmost care sho
માર્ચ 14, 2012
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
RBI/2011-12/443 DNBS(PD).CC. No 257/03.10.42 /2011-12 March 14, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to DNBS(PD).CC.No.242/03.10.42/ 2011-12 and DNBS (PD).CC.No.244 /03.10.42/2011-12 dated September 15, 2011 and September 22, 2011 respectively on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2.
RBI/2011-12/443 DNBS(PD).CC. No 257/03.10.42 /2011-12 March 14, 2012 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to DNBS(PD).CC.No.242/03.10.42/ 2011-12 and DNBS (PD).CC.No.244 /03.10.42/2011-12 dated September 15, 2011 and September 22, 2011 respectively on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2.
માર્ચ 02, 2012
Monitoring of frauds
RBI/2011-12/424 DNBS.PD.CC. No. 256 /03.10.042 / 2011-12 March 02, 2012 All Non-Deposit taking NBFCs with asset size of Rs.100 crore and above and Deposit taking NBFCs Dear Sirs, Monitoring of frauds A reference is invited to DNBS(PD)CC.No.59/03.10.42/2005-06 dated October 26, 2005 which contained guidelines on classification of frauds, approach towards monitoring of and reporting system for frauds for deposit taking NBFCs. 2. It has now been decided to extend the sam
RBI/2011-12/424 DNBS.PD.CC. No. 256 /03.10.042 / 2011-12 March 02, 2012 All Non-Deposit taking NBFCs with asset size of Rs.100 crore and above and Deposit taking NBFCs Dear Sirs, Monitoring of frauds A reference is invited to DNBS(PD)CC.No.59/03.10.42/2005-06 dated October 26, 2005 which contained guidelines on classification of frauds, approach towards monitoring of and reporting system for frauds for deposit taking NBFCs. 2. It has now been decided to extend the sam
ડિસે 30, 2011
Revised Capital Adequacy Framework for Off-Balance Sheet Items for NBFCs-Clarification
RBI/2011-12/333 DNBS.CC.PD.No.254/03.10.01/2011-12 December 30, 2011 To All NBFCs (excluding RNBCs) Dear Sir, Revised Capital Adequacy Framework for Off-Balance Sheet Items for NBFCs-Clarification Please refer to the Company Circular No.252 and Notifications No.237 and 238 all dated December 26, 2011 on the captioned subject. 2.@@NBSP@@ In this connection, it is clarified that the Paragraph E in both the above Notifications (No.237 and 238) may be replaced with the fo
RBI/2011-12/333 DNBS.CC.PD.No.254/03.10.01/2011-12 December 30, 2011 To All NBFCs (excluding RNBCs) Dear Sir, Revised Capital Adequacy Framework for Off-Balance Sheet Items for NBFCs-Clarification Please refer to the Company Circular No.252 and Notifications No.237 and 238 all dated December 26, 2011 on the captioned subject. 2.@@NBSP@@ In this connection, it is clarified that the Paragraph E in both the above Notifications (No.237 and 238) may be replaced with the fo
ડિસે 30, 2011
Issuance of Non-Convertible Debentures (NCDs)
RBI/2011-12/332 DNBS.CC.PD.No.255/03.10.01/2011-12 December 30, 2011 To All NBFCs (Including RNBCs) Dear Sir, Issuance of Non-Convertible Debentures (NCDs) It has come to the notice of the Reserve Bank that some NBFCs have raised funds under private placement by issuing NCDs@@NBSP@@ of maturity less than 90 days. This is in clear violation of Issuance of Non-Convertible Debentures (Reserve Bank) Directions, 2010@@NBSP@@ dated June 23, 2010 issued by Internal Debt Mana
RBI/2011-12/332 DNBS.CC.PD.No.255/03.10.01/2011-12 December 30, 2011 To All NBFCs (Including RNBCs) Dear Sir, Issuance of Non-Convertible Debentures (NCDs) It has come to the notice of the Reserve Bank that some NBFCs have raised funds under private placement by issuing NCDs@@NBSP@@ of maturity less than 90 days. This is in clear violation of Issuance of Non-Convertible Debentures (Reserve Bank) Directions, 2010@@NBSP@@ dated June 23, 2010 issued by Internal Debt Mana
ડિસે 26, 2011
Credit Default Swaps - NBFCs as Users

RBI/2011-12/317 DNBS.CC.PD.No.253/03.10.01/2011-12 December 26, 2011 To All NBFCs(excluding primary dealers) Dear Sir, Credit Default Swaps – NBFCs as Users Please refer to the Guidelines on Credit Default Swaps for Corporate Bonds issued vide Circular No. IDMD.PCD.No.5053/14.03.04/2010-11 dated May 23, 2011 in terms of which broad guidelines including the eligible participants and other requirements were outlined. It was also indicated that market participants will h

RBI/2011-12/317 DNBS.CC.PD.No.253/03.10.01/2011-12 December 26, 2011 To All NBFCs(excluding primary dealers) Dear Sir, Credit Default Swaps – NBFCs as Users Please refer to the Guidelines on Credit Default Swaps for Corporate Bonds issued vide Circular No. IDMD.PCD.No.5053/14.03.04/2010-11 dated May 23, 2011 in terms of which broad guidelines including the eligible participants and other requirements were outlined. It was also indicated that market participants will h

ડિસે 26, 2011
Revised Capital Adequacy Framework for Off-Balance Sheet Items for NBFCs

RBI/2011-12/316 DNBS.CC.PD.No.252/03.10.01/2011-12 December 26, 2011 To All NBFCs (excluding RNBCs) Dear Sir, Revised Capital Adequacy Framework for Off-Balance Sheet Items for NBFCs In the normal course of their business, NBFCs are exposed to credit and market risks in view of the asset-liability transformation. With liberalisation in Indian financial markets over the last few years and growing integration of domestic markets with external markets and greater use of

RBI/2011-12/316 DNBS.CC.PD.No.252/03.10.01/2011-12 December 26, 2011 To All NBFCs (excluding RNBCs) Dear Sir, Revised Capital Adequacy Framework for Off-Balance Sheet Items for NBFCs In the normal course of their business, NBFCs are exposed to credit and market risks in view of the asset-liability transformation. With liberalisation in Indian financial markets over the last few years and growing integration of domestic markets with external markets and greater use of

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