NOTIFICATION

DBOD.No.Ret.BC. 49/12.06.007/2008-2009@@NBSP@@ October 16, 2008 @@NBSP@@ NOTIFICATION @@NBSP@@ In exercise of the powers conferred under Clause (b) of sub section (6) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs exclusion of the "State Bank of Saurashtra" from the Second Schedule to the said Act, as the said bank has ceased to carry on banking business with effect from August 13, 2008. @@NBSP@@ @@NBSP@@ (An

DBOD.No.Ret.BC. 49/12.06.007/2008-2009@@NBSP@@ October 16, 2008 @@NBSP@@ NOTIFICATION @@NBSP@@ In exercise of the powers conferred under Clause (b) of sub section (6) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs exclusion of the "State Bank of Saurashtra" from the Second Schedule to the said Act, as the said bank has ceased to carry on banking business with effect from August 13, 2008. @@NBSP@@ @@NBSP@@ (An

NOTIFICATION

CRR Reduced - Scheduled Commercial Banks

RBI/2008-09/ 228 Ref: DBOD.No.Ret.BC.61/12.01.001/2008-09 October 15, 2008 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular DBOD. No. Ret. BC.55 /12.01.001/ 2008-09 dated October 10, 2008 on the captioned subject, advising reduction in Cash Reserve Ratio (CRR) by 150 basis points from 9.00 per cent to 7.50 per cent of net demand and time liabilitie

RBI/2008-09/ 228 Ref: DBOD.No.Ret.BC.61/12.01.001/2008-09 October 15, 2008 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular DBOD. No. Ret. BC.55 /12.01.001/ 2008-09 dated October 10, 2008 on the captioned subject, advising reduction in Cash Reserve Ratio (CRR) by 150 basis points from 9.00 per cent to 7.50 per cent of net demand and time liabilitie

CRR Reduced - Scheduled Commercial Banks

Maintenance of Statutory Liquidity Ratio (SLR) - Additional Liquidity Support under Liquidity Adjustment Facility (LAF)

RBI/2008-09/229Ref. DBOD.No.Ret.BC. 62 / 12.02.001/2008-09October 15, 2008All Scheduled Commercial Banks Dear Sir,Section 24 of the Banking Regulation Act, 1949 – Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) –Additional Liquidity Support under Liquidity Adjustment Facility (LAF)Please refer to our circular DBOD. No. Ret. BC. 43/12.02.001/2008-09 dated September 16, 2008 on the captioned subject. It has been decided, purely as a temporary measure, that b

RBI/2008-09/229Ref. DBOD.No.Ret.BC. 62 / 12.02.001/2008-09October 15, 2008All Scheduled Commercial Banks Dear Sir,Section 24 of the Banking Regulation Act, 1949 – Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) –Additional Liquidity Support under Liquidity Adjustment Facility (LAF)Please refer to our circular DBOD. No. Ret. BC. 43/12.02.001/2008-09 dated September 16, 2008 on the captioned subject. It has been decided, purely as a temporary measure, that b

Maintenance of Statutory Liquidity Ratio (SLR) - Additional Liquidity Support under Liquidity Adjustment Facility (LAF)

Interest Rates on Non-Resident (External) Rupee (NRE) Deposits

RBI/2008-09/230 DBOD. No. Dir. BC. 64/13.03.00/2008-09 October 15, 2008 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 1 of our circular DBOD. No. Dir. BC. 44 /13.03.00/2008-09 dated September 16, 2008 on Interest Rates on Deposits held in Non-Resident (External) Rupee (NRE) Accounts. On

RBI/2008-09/230 DBOD. No. Dir. BC. 64/13.03.00/2008-09 October 15, 2008 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 1 of our circular DBOD. No. Dir. BC. 44 /13.03.00/2008-09 dated September 16, 2008 on Interest Rates on Deposits held in Non-Resident (External) Rupee (NRE) Accounts. On

Interest Rates on Non-Resident (External) Rupee (NRE) Deposits

Loans to mutual funds against and buy back of Certificates of Deposits (CDs)

RBI/2008-09/223DBOD.BP.BC.No.59/21.03.009/2008-09October 14, 2008All Scheduled Commercial Banks (excluding RRBs and LABs)and All-India Term Lending and Refinancing InstitutionsDear Sirs,Loans to mutual funds against and buy back of Certificates of Deposits (CDs) Please refer to para 12 of the Master Circular No. FMD.MSRG.No.21/02.08.003/ 2008-09@@NBSP@@ July 1, 2008 on Guidelines for Issue of Certificates of Deposit in terms of which the banks and FIs are not permitte

RBI/2008-09/223DBOD.BP.BC.No.59/21.03.009/2008-09October 14, 2008All Scheduled Commercial Banks (excluding RRBs and LABs)and All-India Term Lending and Refinancing InstitutionsDear Sirs,Loans to mutual funds against and buy back of Certificates of Deposits (CDs) Please refer to para 12 of the Master Circular No. FMD.MSRG.No.21/02.08.003/ 2008-09@@NBSP@@ July 1, 2008 on Guidelines for Issue of Certificates of Deposit in terms of which the banks and FIs are not permitte

Loans to mutual funds against and buy back of Certificates of Deposits (CDs)

Guidelines on Exchange Traded Interest Rate Derivatives

RBI/2008-09/217 DBOD.BP.BC. No.56 /21.04.157/2008-09 October 13 , 2008The Chairman/ Chief Executive Officers All commercial Banks (excluding RRBs and LABs)Dear Sir,Guidelines on Exchange Traded Interest Rate Derivatives Please refer to the guidelines on Exchange-Traded Interest Rate Derivatives issued vide our circular IDMC.MSRD.4801/06.01.03 dated June 3, 2003. In terms of this circular, banks were permitted to transact in Interest Rate Futures (IRFs) for the purpose

RBI/2008-09/217 DBOD.BP.BC. No.56 /21.04.157/2008-09 October 13 , 2008The Chairman/ Chief Executive Officers All commercial Banks (excluding RRBs and LABs)Dear Sir,Guidelines on Exchange Traded Interest Rate Derivatives Please refer to the guidelines on Exchange-Traded Interest Rate Derivatives issued vide our circular IDMC.MSRD.4801/06.01.03 dated June 3, 2003. In terms of this circular, banks were permitted to transact in Interest Rate Futures (IRFs) for the purpose

Guidelines on Exchange Traded Interest Rate Derivatives

Prudential Norms for Off-balance Sheet Exposures of Banks

RBI /2008-09 / 218 DBOD.No.BP.BC.57 / 21.04.157 / 2008 – 09 October 13, 2008All the Commercial Banks (Excluding Local Area Banks and Regional Rural Banks)Dear Sirs,Prudential Norms for Off-balance Sheet Exposures of BanksPlease refer to our circular RBI/2008-09/125. DBOD.No.BP.BC.31/21.04.157/ 2008-09 dated August 8, 2008 on the captioned subject. 2. The issues regarding asset classification status of overdue payments in respect of derivative transactions and re-struc

RBI /2008-09 / 218 DBOD.No.BP.BC.57 / 21.04.157 / 2008 – 09 October 13, 2008All the Commercial Banks (Excluding Local Area Banks and Regional Rural Banks)Dear Sirs,Prudential Norms for Off-balance Sheet Exposures of BanksPlease refer to our circular RBI/2008-09/125. DBOD.No.BP.BC.31/21.04.157/ 2008-09 dated August 8, 2008 on the captioned subject. 2. The issues regarding asset classification status of overdue payments in respect of derivative transactions and re-struc

Prudential Norms for Off-balance Sheet Exposures of Banks

Disbursal of loans against sanctioned limits/Restructuring of dues of SMEs

RBI/2008-09/219DBOD.No.BP.BC.58 /21.04.048/2008-09October 13, 2008All Scheduled Commercial Banks(Except RRBs and LABs)Dear Sirs,(i) Disbursal of loans against sanctioned limits(ii) Restructuring of dues of the Small and Medium Enterprises (SMEs) It has come to our notice that in view of somewhat tight liquidity conditions in the domestic markets in the recent past, some of the banks have been averse to disbursing working capital limits and term loans (including short-

RBI/2008-09/219DBOD.No.BP.BC.58 /21.04.048/2008-09October 13, 2008All Scheduled Commercial Banks(Except RRBs and LABs)Dear Sirs,(i) Disbursal of loans against sanctioned limits(ii) Restructuring of dues of the Small and Medium Enterprises (SMEs) It has come to our notice that in view of somewhat tight liquidity conditions in the domestic markets in the recent past, some of the banks have been averse to disbursing working capital limits and term loans (including short-

Disbursal of loans against sanctioned limits/Restructuring of dues of SMEs

CRR reduced

RBI/2008-09/214Ref: DBOD.No.Ret.BC.55/12.01.001/2008-09October 10, 2008All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRRPlease refer to our Circular DBOD. No. Ret. BC.52 /12.01.001/ 2008-09 dated October 6, 2008 on the captioned subject, advising reduction in Cash Reserve Ratio (CRR) by 50 basis points from 9.00 per cent to 8.50 per cent of net demand and time liabilities with eff

RBI/2008-09/214Ref: DBOD.No.Ret.BC.55/12.01.001/2008-09October 10, 2008All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRRPlease refer to our Circular DBOD. No. Ret. BC.52 /12.01.001/ 2008-09 dated October 6, 2008 on the captioned subject, advising reduction in Cash Reserve Ratio (CRR) by 50 basis points from 9.00 per cent to 8.50 per cent of net demand and time liabilities with eff

CRR reduced

Investments in the equity of a bank by other banks or their group entities

RBI/2008-09/209 DBOD. No. PSBD.BC. 53/ 16.13.100 / 2008-09 October 8, 2008 To The CEOs of all scheduled commercial banks in the private sector Dear Sir, Investments in the equity of a bank by other banks or their group entities@@NBSP@@ With reference to the extant instructions in regard to the limit of 5% for cross-holding of capital contained in paragraph 2.1.4(iii) of our master circular DBOD. No. BP. BC. 2 / 21.01.002 / 2008-09 dated July 1, 2008 and the guidelines

RBI/2008-09/209 DBOD. No. PSBD.BC. 53/ 16.13.100 / 2008-09 October 8, 2008 To The CEOs of all scheduled commercial banks in the private sector Dear Sir, Investments in the equity of a bank by other banks or their group entities@@NBSP@@ With reference to the extant instructions in regard to the limit of 5% for cross-holding of capital contained in paragraph 2.1.4(iii) of our master circular DBOD. No. BP. BC. 2 / 21.01.002 / 2008-09 dated July 1, 2008 and the guidelines

Investments in the equity of a bank by other banks or their group entities