RBI/2011-12/489 DPSS.CO.OD. 1848 /06.07.003/2011-2012 April 9, 2012 The Chairman/Managing Director/Chief Executive Officer All Scheduled Commercial Banks including RRBs/ Urban Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks Dear Sir/Madam Access criteria for payment systems – sub-membership to centralised payment systems Under the overall guidance of the Board for Payment and Settlement Systems, the Reserve Bank over the last few years

RBI/2011-12/483 DGBA.CDD. No. H- 6506 /15.02.001/2011-12 April 3, 2012 The Chairman and Managing Director/Managing Director Head Office, Government Accounts Department State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/ Bank of Maharashtra/Canara Bank/Central Bank of India/ Corporation Bank/Dena Bank/Indian Bank/In

RBI/2011-12/480 DBOD.DIR.No.91/04.02.001/2011-12 March 30, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Interest Rates on Export Credit in Foreign Currency Please refer to our circular DBOD.DIR.No.52/04.02.001/2011-12 dated November 15, 2011 relating to export credit in foreign currency. 2. It has been decided that the prescriptions regarding ceiling rates on export credit in foreign currency and overseas line of credit as mentioned in the circ

RBI/2011-12/475 RPCD.CO.LBS.BC.No.68 /02.01.001/2011-12 March 29, 2012 The CMDs of all SLBC convenor banks Dear Sir/Madam SLBC website – Standardisation of information/data As you are aware, all the SLBC convenor banks have been advised vide circular RPCD.CO. LBS.HLC.BC. No. 56/02.19.10/2009-10 dated February 26, 2010, to maintain the SLBC websites where all instructions pertaining to the Lead Bank Scheme and Government Sponsored Schemes are made available and are acc

RBI/2011-12/473 A.P. (DIR Series) Circular No. 96 March 28, 2012 To All Category-I Authorised Dealer Banks Madam / Sir, Overseas Direct Investments by Indian Party – Rationalisation Attention of the Authorised Dealer (AD - Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from time to time. To gra

RBI/2011-12/472 UBD. CO. BPD. (PCB).No 28/12.05.001/2011-12 March 27, 2012 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Guidelines issued under Section 36(1) (a) of the Banking Regulation Act, 1949 (AACS) - Implementation of the provisions of Foreign Contribution (Regulation) Act, 2010 The Reserve Bank, considering the public interest and on being satisfied that it is necessary so to do, in exercise of the powers conferred by Clause

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/2011-12/469 DBOD.No. Leg.BC. 89/ 09.07.005/2011-12 March 26, 2012 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, The Banking Companies (Nomination) Rules, 1985 – Clarifications Please refer to para 1 of our Circular DBOD.No.Leg.BC.83/09.07.005/2010-11 dated March 30, 2011 on the captioned issue wherein we have clarified that signatures of the account holders in forms DA1, DA2 and DA3 need not be attested by witnesses. 2. In this connection, certain quer

RBI/2011-12/464 RPCD.CO RRB.RCB.AML.No. 9439/03.05.28(A)/2011-12 March 21, 2012 The Chairmen / CEOs of all State and Central Co-operative Banks and Regional Rural Banks 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 our circular RPCD.CO.RRB.RCB.AML.NO.9304/03.05.28(A)/2011-12 dated March 19, 2012. We have since received from Government of India, Ministry of Ext

RBI/2011-12/465 A. P. (DIR Series) Circular No.95 March 21, 2012 To All Category-I Authorised Dealer Banks and Authorised banks Madam / Sir, Foreign Exchange Management (Deposit) Regulations, 2000 – Credit to Non Resident (External) Rupee / Foreign Currency Non-Resident (Bank) Account Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to Regulation 5(6) of Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 200