Second DraftAll Scheduled Commercial Banks(Excluding RRBs)Dear Sir, Mid-Term Review of the Annual Policy for the year 2007- 08 – Recovery Agents engaged by banks Please refer to the paragraph 172 and 173 of the mid-term review of the Annual Policy for the year 2007-08, a copy of which is enclosed. In view of the rise in the number of disputes and litigations against banks for engaging recovery agents in the recent past, it is felt that the adverse publicity would resu

DNBS/PD No. 5266/03.10.001/2007-08 January 24, 2008Draft Guidelines for extending No Objection Certificate (NoC) for opening of branch/subsidiary/Joint Venture/representative office or undertaking investment abroad by NBFCs NBFCs should obtain prior approval of the Bank for opening of subsidiaries/Joint Ventures/representative office abroad or for undertaking investment in foreign entities. The guidelines in place are being reviewed. The application from the NBFC seek

Reserve Bank of India Department of Non-Banking Supervision Central Office, Centre 1 World Trade Centre Cuffe Parade, Colaba Mumbai - 400 005Notification DNBS(PD)MGC No. __ /CGM (PK) - 2008 dated January ___, 2008Guidelines on Registration and Operations of Mortgage Guarantee Company under Section 45L(1)(b) of the Reserve Bank of India Act, 1934 The Reserve Bank of India, in terms of Notification No. DNBS. (MGC) 1 /CGM (PK)- 2008 dated January 15, 2008, issued in term

DBOD. No. BP. 502 / 21.04.157/2007-08October 24, 2007 The Chairman/Chief Executive OfficerAll Commercial Banks (excluding RRBs and LABs) andPrimary DealersDear Sir, Annual Policy Statement 2007- 08 – Draft Guidelines on Credit Default SwapsPlease refer to our letter forwarding DBOD.No.BP.1409/21.04.157/2006-07 dated May 16, 2007 the first draft guidelines on Credit Default Swaps and inviting feedback from various stakeholders. The feedback received from wide spectrum

Table of Contents Chapter Topic Page No: I Introduction 3 II Preview 6 III Review of FSTV Vision - 2005 10 IV Vision 2008-2010 15 V Conclusions and way forward 18 Chapter 1 Introduction The Mission Statement and the Corporate Objective relating to the Financial Sector Technology Vision continue to be as follows: Mission Statement <<< I T FOR EFFICIENCY AND EXCELLENCE >>> Corporate Objective: 'Enabling financial sector to leverage on I T for better cu

RBI/2006-2007/ A. P. (DIR Series) Circular No. June 01, 2007 To, All Authorised Dealer Category - I banks Madam / Sir Draft Circular on Booking of Forward Contracts - Liberalisation Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No.19 dated January 24, 2002, A. P. (DIR Series) Circular No. 63 dated December 21, 2002, A. P. (DIR Series) Circular No. 26 dated November 1, 2004, A. P. (DIR Series) Circular No.

RBI/2007-2008/A. P. (DIR Series) Circular No.October 10, 2007To,All Authorised Dealer Category - I banksMadam / SirBooking of Forward Contracts - LiberalisationAttention of Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No.19 dated January 24, 2002, A. P. (DIR Series) Circular No. 63 dated December 21, 2002, A. P. (DIR Series) Circular No. 26 dated November 1, 2004, A. P. (DIR Series) Circular No. 22 dated December 13,

DBOD. No. BP. 256 / 21.04.098/ 2007-08September 5, 2007ToChairmen / Chief Executive OfficersAll Commercial Banks(excluding RRBs)Guidelines on Asset-Liability Management (ALM) System – Draft AmendmentsReserve Bank had issued guidelines on ALM system vide Circular No. DBOD. BP. BC. 8 / 21.04.098/ 99 dated February 10, 1999, which covered, among others, interest rate risk and liquidity risk measurement / reporting framework and prudential limits. As a measure of liquidit

DBOD. No. BP. 1522/ 21.04.132/ 2006-07June 21, 2007All Commercial Banks (excluding RRBs & LABs)</FONT>Dear Sir,Prudential Guidelines on Restructuring/ Rescheduling of dues by banks – Draft GuidelinesPursuant to the Annual Policy Statement for the Year 2006-07, a Working Group was constituted to review and align the existing guidelines on restructuring of advances, other than under debt restructuring mechanisms, on the lines of provisions under the revised CD

DNBS. PD. No. 7902/ 03.05.002/2006- 07May 21, 2007To all public deposit taking NBFCsDear Sir, Requirement of minimum Net Owned Fund (NOF) of Rs. 200 lakh for all public deposit taking NBFCs – under Section 45-IA of the Reserve Bank of India Act, 1934As you may be aware, prior to April 21, 1999, the minimum Net Owned Fund (NOF) requirement for the new companies for grant of Certificate of Registration (CoR) to commence business of Non-Banking Financial Institution was