Doorstep Banking

RBI/2006-2007/412DBOD.No.BL.BC. 99 /22.01.010/2006-2007May 24, 2007Jyeshtha 03, 1929 SakaAll Scheduled Commercial Banks(excluding RRBs)Dear Sir Section 23 of the Banking Regulation Act, 1949 – Doorstep BankingPlease refer to our circular No.DBOD.BL.BC.59/22.01.010/2006-2007 dated February 21, 2007 on the above subject.2. Taking into account the suggestions received from Indian Banks’ Association as also some of the banks, the matter was reviewed and it has been decide

RBI/2006-2007/412DBOD.No.BL.BC. 99 /22.01.010/2006-2007May 24, 2007Jyeshtha 03, 1929 SakaAll Scheduled Commercial Banks(excluding RRBs)Dear Sir Section 23 of the Banking Regulation Act, 1949 – Doorstep BankingPlease refer to our circular No.DBOD.BL.BC.59/22.01.010/2006-2007 dated February 21, 2007 on the above subject.2. Taking into account the suggestions received from Indian Banks’ Association as also some of the banks, the matter was reviewed and it has been decide

Doorstep Banking

Exclusion Of Bharat Overseas Bank Ltd

RBI/2006-2007/397DBOD.BP.BC.No. 98 /21.01.002/2006-07May 17, 2007Exclusion Of Bharat Overseas Bank Ltd In pursuance of clause (b) of sub section (6) of Section 42 of Reserve Bank of India Act 1934 (2 of 1934), the Reserve Bank of India hereby directs exclusion with effect from April 1, 2007 from the Second Schedule to the said Act of the following bank, namely:'The Bharat Overseas Bank Ltd'Anand SinhaExecutive Director

RBI/2006-2007/397DBOD.BP.BC.No. 98 /21.01.002/2006-07May 17, 2007Exclusion Of Bharat Overseas Bank Ltd In pursuance of clause (b) of sub section (6) of Section 42 of Reserve Bank of India Act 1934 (2 of 1934), the Reserve Bank of India hereby directs exclusion with effect from April 1, 2007 from the Second Schedule to the said Act of the following bank, namely:'The Bharat Overseas Bank Ltd'Anand SinhaExecutive Director

Exclusion Of Bharat Overseas Bank Ltd

Guidelines on purchase / sale of Non Performing Assets

RBI/2006-2007/396 DBOD. No. BP. BC.97/21.04.048/2006-07May16, 2007All Commercial Banks (excluding RRBs) All India Term Lending and Refinancing Institutions All Non Banking Financial Companies (including RNBCs)Dear Sir,Guidelines on purchase / sale of Non Performing AssetsPlease refer to our Circular No. DBOD.BP.BC.16/21.04.048/2005-06 dated 13 July 2005 on the captioned subject. In terms of Para 5(iii) of the circular, the banks were advised that the estimated cash fl

RBI/2006-2007/396 DBOD. No. BP. BC.97/21.04.048/2006-07May16, 2007All Commercial Banks (excluding RRBs) All India Term Lending and Refinancing Institutions All Non Banking Financial Companies (including RNBCs)Dear Sir,Guidelines on purchase / sale of Non Performing AssetsPlease refer to our Circular No. DBOD.BP.BC.16/21.04.048/2005-06 dated 13 July 2005 on the captioned subject. In terms of Para 5(iii) of the circular, the banks were advised that the estimated cash fl

Guidelines on purchase / sale of Non Performing Assets

Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Companies

RBI/2006-2007/389 DBOD.IBD.BC.No 96/23.37.001/2006-07 May 10,@@NBSP@@2007 All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Annual Policy Statement for the year 2007-08 - Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Corporates Please@@NBSP@@ refer@@NBSP@@ to@@NBSP@@ our@@NBSP@@ circular DBOD. IBD. BC. No.41/ 23.37.001/ 2006-07@@NBSP@@dated November 6, 2006 in terms of which the prudential limit on funded / non-funded cre

RBI/2006-2007/389 DBOD.IBD.BC.No 96/23.37.001/2006-07 May 10,@@NBSP@@2007 All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Annual Policy Statement for the year 2007-08 - Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Corporates Please@@NBSP@@ refer@@NBSP@@ to@@NBSP@@ our@@NBSP@@ circular DBOD. IBD. BC. No.41/ 23.37.001/ 2006-07@@NBSP@@dated November 6, 2006 in terms of which the prudential limit on funded / non-funded cre

Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Companies

Import of Gold Coin - Tie-up arrangements

RBI/2006-2007/388DBOD. IBD.BC.95 /23.67.002/2006-07May 8, 2007All the banks authorised to import Gold/SilverDear Sir,Import of Gold Coin - Tie-up arrangements Under the Gold import authorisation scheme as envisaged in AD (GP Series) Circular No. 7 dated March 6, 1998 issued by our Foreign Exchange Department, we have been authorizing banks as Nominated Banks to import gold for sale to jewellery manufacturers, exporters and domestic users. 2. It has now been brought to

RBI/2006-2007/388DBOD. IBD.BC.95 /23.67.002/2006-07May 8, 2007All the banks authorised to import Gold/SilverDear Sir,Import of Gold Coin - Tie-up arrangements Under the Gold import authorisation scheme as envisaged in AD (GP Series) Circular No. 7 dated March 6, 1998 issued by our Foreign Exchange Department, we have been authorizing banks as Nominated Banks to import gold for sale to jewellery manufacturers, exporters and domestic users. 2. It has now been brought to

Import of Gold Coin - Tie-up arrangements

IT-enabled Financial Inclusion

RBI/2006-2007/378 DBOD.No.Leg.BC./94 /09.07.005/2006-07 May 07, 2007 The Chairman/Chief Executive Officer/Managing Director, All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam, Annual Policy Statement for the year 2007- 08 – IT-enabled Financial Inclusion Please refer to the paragraph 163 of the Annual Policy Statement for the year 2007-08, a copy of which is enclosed. 2.@@NBSP@@ As per our Circular DBOD.No.Leg.BC.44/09.07.005/2005-06 dated November 11,

RBI/2006-2007/378 DBOD.No.Leg.BC./94 /09.07.005/2006-07 May 07, 2007 The Chairman/Chief Executive Officer/Managing Director, All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam, Annual Policy Statement for the year 2007- 08 – IT-enabled Financial Inclusion Please refer to the paragraph 163 of the Annual Policy Statement for the year 2007-08, a copy of which is enclosed. 2.@@NBSP@@ As per our Circular DBOD.No.Leg.BC.44/09.07.005/2005-06 dated November 11,

IT-enabled Financial Inclusion

Complaints about excessive interest charged by banks

RBI/2006-2007/377DBOD No. Dir.BC.93/ 13.03.00/2006-07May 7, 2007All Commercial Banks (Excluding RRBs)Dear SirComplaints about excessive interest charged by banksPlease refer to paragraph 168 of the Annual Policy Statement for the year 2007-08 (copy enclosed).2. The Reserve Bank and Banking Ombudsmans' offices have been receiving several complaints regarding levying of excessive interest and charges on certain loans and advances. In this connection, a reference is invi

RBI/2006-2007/377DBOD No. Dir.BC.93/ 13.03.00/2006-07May 7, 2007All Commercial Banks (Excluding RRBs)Dear SirComplaints about excessive interest charged by banksPlease refer to paragraph 168 of the Annual Policy Statement for the year 2007-08 (copy enclosed).2. The Reserve Bank and Banking Ombudsmans' offices have been receiving several complaints regarding levying of excessive interest and charges on certain loans and advances. In this connection, a reference is invi

Complaints about excessive interest charged by banks

Risk Weight on Residential Housing Loans reduced

RBI/2006-2007/372 DBOD.BP.BC. 92 /21.01.002/ 2006-07 May 3, 2007 All Commercial Banks(excluding Regional Rural Banks)Dear Sir,Annual Policy Statement for the year 2007- 08: Risk weight on residential housing loansPlease refer to our circular No.DBOD.BP.BC.61/21.01.002/2004-05 dated December 23, 2004, wherein the risk weights on housing loans extended by banks to individuals against mortgage of housing properties and investments in Mortgage backed Securities (MBS) of H

RBI/2006-2007/372 DBOD.BP.BC. 92 /21.01.002/ 2006-07 May 3, 2007 All Commercial Banks(excluding Regional Rural Banks)Dear Sir,Annual Policy Statement for the year 2007- 08: Risk weight on residential housing loansPlease refer to our circular No.DBOD.BP.BC.61/21.01.002/2004-05 dated December 23, 2004, wherein the risk weights on housing loans extended by banks to individuals against mortgage of housing properties and investments in Mortgage backed Securities (MBS) of H

Risk Weight on Residential Housing Loans reduced

RBI asks UCBs not to deal with 918 defaulted companies following Patna High Court Order

RBI/2006-2007/364DBOD. No. Dir. BC. 91 /13.26.00/2006-07April 30, 2007The Chairman/ Managing Director/ Chief Executive Officers of all Commercial Banks (excluding RRBs)Dear SirIn the High Court of Judicature at Patna –CWJC No.13422 of 2006 –Council for the Protection of Public Rights and Welfarevs. Union of India and Others – Regarding We have to advise you that the Hon'ble Patna High Court vide its order dated April 10, 2007 in the captioned matter has directed the R

RBI/2006-2007/364DBOD. No. Dir. BC. 91 /13.26.00/2006-07April 30, 2007The Chairman/ Managing Director/ Chief Executive Officers of all Commercial Banks (excluding RRBs)Dear SirIn the High Court of Judicature at Patna –CWJC No.13422 of 2006 –Council for the Protection of Public Rights and Welfarevs. Union of India and Others – Regarding We have to advise you that the Hon'ble Patna High Court vide its order dated April 10, 2007 in the captioned matter has directed the R

RBI asks UCBs not to deal with 918 defaulted companies following Patna High Court Order

Implementation of the New Capital Adequacy Framework

RBI/2006-2007/357DBOD. No. BP. BC. 90 / 20.06.001/ 2006-07April 27, 2007 The Chairman/Chief Executive OfficerAll Commercial Banks(excluding LABs & RRBs)Dear Sir,Prudential Guidelines on Capital Adequacy and Market Discipline – Implementation of the New Capital Adequacy FrameworkPlease refer to our letter DBOD.No.BP.1151/21.06.001/2006-07 dated March 20, 2007 forwarding the revised draft guidelines for implementation of the New Capital Adequacy Framework (Revised F

RBI/2006-2007/357DBOD. No. BP. BC. 90 / 20.06.001/ 2006-07April 27, 2007 The Chairman/Chief Executive OfficerAll Commercial Banks(excluding LABs & RRBs)Dear Sir,Prudential Guidelines on Capital Adequacy and Market Discipline – Implementation of the New Capital Adequacy FrameworkPlease refer to our letter DBOD.No.BP.1151/21.06.001/2006-07 dated March 20, 2007 forwarding the revised draft guidelines for implementation of the New Capital Adequacy Framework (Revised F

Implementation of the New Capital Adequacy Framework