1. Introduction These parameters provide the minimum standards for cash handling machines used by banks (hereinafter called ‘the machines’). Notes can only be recycled/reissued if they are evaluated as genuine and fit according to these parameters. Authenticity check is a prerequisite for fitness sorting. Fitness sorting can be done only in case of genuine notes. The machines shall be able to identify and separate suspected counterfeits and notes which are unfit for c

ANNEX I Comprehensive Guidelines on Foreign Exchange Derivatives and Hedging Commodity Price Risk and Freight Risk Overseas Given below is a description of the categories of persons who are permitted to access the OTC foreign exchange market in India for managing exchange rate risks as also the menu of permitted products that can be used for hedging different categories of exchange rate exposures. Additionally, the facilities for residents to hedge commodity price ris

Annex Draft guidelines for issuance of Non-Convertible Debentures (NCDs) of maturity less than one year 1. Definition For the purpose of these guidelines, Non-Convertible Debentures (NCDs) will mean secured, negotiable money market instruments with original maturity of less than one year issued by corporates (including NBFCs) to meet their short term funding requirements, issued by way of private placement with investors. The guidelines also cover NCDs with original m

The Mid-Term Review of the Annual Policy for the year 2007-08 had indicated that the Reserve Bank will permit market repo in corporate bonds once the corporate debt market develops and the Reserve Bank is assured of the availability of fair prices, and an efficient and safe settlement system based on delivery versus payment (DvP) III and Straight Through Processing (STP) is in place. In pursuance thereof, as indicated in the Annual Policy Statement for the year 2009-1

Draft Guidelines for issuance and operation of Prepaid Payment Instruments in India A. Purpose To provide a framework for the regulation and supervision of all the entities involved in issuance of Prepaid Payment Instruments in the country and to ensure orderly development of this segment of the payments and settlement system in a prudent and customer friendly manner. B. Scope These guidelines lay down the eligibility criteria and the basic conditions for issuance of

DBOD. No. BP.11021/ 08.12.015/ 2008-09January 7, 2009All Commercial Banks (excluding RRBs & LABs)</P>Dear Sir,Draft Guidelines on Classification of Exposures as Commercial Real Estate (CRE) ExposuresPlease refer to our circular DBS.CO.PP.BC.21/11.01.005/2004-05 dated June 29, 2005 on the captioned subject, inter alia, defining CRE Exposures (Please see Annex). In view of a number of queries received from banks and other quarters as to whether or not certain

RBI/2008-09/A. P. (DIR Series) Circular No.December , 2008ToAll Category - I Authorised Dealer BanksMadam / Sir, Reporting under FDI Scheme – Transfer of Shares/Convertible Debentures - Revised procedureAttention of Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No.16 dated October 4, 2004 wherein, it has been stipulated that in case of transfer of shares or convertible debentures of an Indian Company from a resident t

DNBS/PD (SC/RC) No. /10.30.000/2008-09 December…., 2008 Draft Guidelines on Change in or Take Over of the Management of the Business of the Borrower by Securitisation Companies or Reconstruction Companies (Reserve Bank) Guidelines, 200…. The Reserve Bank of India hereby notifies these guidelines, framed under Section 9(a) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002 (SARFAESI Act) to provide for the prope

To All RBI regulated entities (Commercial Banks, Co-operative Banks, Primary Dealers, Financial Institutions, RRBs and NBFCs) Dear Sir, Guidelines for accounting for Repo / Reverse repo transactions Please refer to our Circular IDMC.3810/11.08.10/2002-03 dated March 24, 2003 setting out uniform guidelines for accounting of repo/reverse repo transactions. These guidelines captured the character of repo/reverse repo transaction as outright sale and outright purchase as