Notifications - Regulating Commercial Banking - ଆରବିଆଇ - Reserve Bank of India
Notifications
ଫେବୃଆରୀ 06, 2012
Transactions in Government Securities
RBI/2011-12/387 IDMD.PCD. 19 /14.03.07/2011-12 February 6, 2012 All market participants Dear Sir/Madam Transactions in Government Securities Please refer to circular IDMD.PDRS.5/10.02.01/2003-04 dated March 29, 2004 on the captioned subject. 2. In terms of para 3 and 4 of the aforementioned circular, sale of G-Sec already contracted for purchase is permitted and that the forward leg of a repo transaction is also treated as a ‘purchase’ contract. Accordingly, sale of G
RBI/2011-12/387 IDMD.PCD. 19 /14.03.07/2011-12 February 6, 2012 All market participants Dear Sir/Madam Transactions in Government Securities Please refer to circular IDMD.PDRS.5/10.02.01/2003-04 dated March 29, 2004 on the captioned subject. 2. In terms of para 3 and 4 of the aforementioned circular, sale of G-Sec already contracted for purchase is permitted and that the forward leg of a repo transaction is also treated as a ‘purchase’ contract. Accordingly, sale of G
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ଫେବୃଆରୀ 03, 2012
Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 Industrial and Commercial Bank of China Limited
RBI/20011-12/384 Ref.DBOD.No.Ret.BC 77/12.06.132/2011-12 February 03, 2012 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 Industrial and Commercial Bank of China Limited We advise that the name of "Industrial and Commercial Bank of China Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD.IBD.No./8136/ 23.03.026/2011-12 dated December 01, 2011 pu
RBI/20011-12/384 Ref.DBOD.No.Ret.BC 77/12.06.132/2011-12 February 03, 2012 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 Industrial and Commercial Bank of China Limited We advise that the name of "Industrial and Commercial Bank of China Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD.IBD.No./8136/ 23.03.026/2011-12 dated December 01, 2011 pu
ଫେବୃଆରୀ 03, 2012
Grant of Loans and Advances and Award of Contracts to Directors of Banks and their Relatives
RBI/2011-12/385 DBOD.No.BP.BC.79/21.01.001/2011-12 February 3, 2012 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Grant of Loans and Advances and Award of Contracts to Directors of Banks and their Relatives Please refer to instructions contained in our circulars DBOD.No.GC.BC.34/C.408C(59)S-84 dated April 12, 1984 read with DBOD.No.BC.110/21.01.001/94 dated October 10, 1994 and DBOD.No.
RBI/2011-12/385 DBOD.No.BP.BC.79/21.01.001/2011-12 February 3, 2012 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Grant of Loans and Advances and Award of Contracts to Directors of Banks and their Relatives Please refer to instructions contained in our circulars DBOD.No.GC.BC.34/C.408C(59)S-84 dated April 12, 1984 read with DBOD.No.BC.110/21.01.001/94 dated October 10, 1994 and DBOD.No.
ଫେବୃଆରୀ 03, 2012
Housing Loans by Commercial Banks - Loan to Value (LTV) Ratio
RBI/2011-12/383 DBOD.No.BP.BC. 78 /08.12.001/2011-12 February 03, 2012 The Chairmen and Managing Directors / Chief Executive Officers of All Commercial Banks (Excluding Regional Rural Banks) Dear Sir/ Madam Housing Loans by Commercial Banks – Loan to Value (LTV) Ratio Please refer to our circular DBOD.No.BP.BC.69/08.12.001/2010-11 dated December 23, 2010 on “Housing loans by commercial banks – LTV ratio, risk weight and provisioning” wherein it was advised that in ord
RBI/2011-12/383 DBOD.No.BP.BC. 78 /08.12.001/2011-12 February 03, 2012 The Chairmen and Managing Directors / Chief Executive Officers of All Commercial Banks (Excluding Regional Rural Banks) Dear Sir/ Madam Housing Loans by Commercial Banks – Loan to Value (LTV) Ratio Please refer to our circular DBOD.No.BP.BC.69/08.12.001/2010-11 dated December 23, 2010 on “Housing loans by commercial banks – LTV ratio, risk weight and provisioning” wherein it was advised that in ord
ଫେବୃଆରୀ 02, 2012
Unhedged Foreign Currency Exposure of Corporates
RBI/2011-12/382 DBOD.BP.BC.No.76 /21.04.103/2011-12 February 2, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Second Quarter Review of Monetary Policy 2011-12 – Unhedged Foreign Currency Exposure of Corporates Please refer to paragraphs 102 and 103 of the Second Quarter Review of Monetary Policy 2011-12 (extract enclosed) on ‘Monitoring of Unhedged Foreign Currency Exposure of Corporates by Banks’. 2. In terms of our circular Nos. DBOD. BP. BC. 37/21.
RBI/2011-12/382 DBOD.BP.BC.No.76 /21.04.103/2011-12 February 2, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Second Quarter Review of Monetary Policy 2011-12 – Unhedged Foreign Currency Exposure of Corporates Please refer to paragraphs 102 and 103 of the Second Quarter Review of Monetary Policy 2011-12 (extract enclosed) on ‘Monitoring of Unhedged Foreign Currency Exposure of Corporates by Banks’. 2. In terms of our circular Nos. DBOD. BP. BC. 37/21.
ଫେବୃଆରୀ 01, 2012
Implementation of Section 51-A of UAPA, 1967 - Updates of UNSCR 1267 (1999) and 1989 (2011) Committee's Al-Qaida Sanctions List
RBI/2011-12/381@@NBSP@@ RPCD.CO.RCB.AML.No.7695/07.02.12/2011-12 February 1, 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 UNSCR 1267 (1999) and 1989 (2011) Committee's Al-Qaida Sanctions List Please refer to our circular RPCD.CO.RCB.AML.No.6764/07.02.12/2011-12 dated January 06, 2012 and RPCD.CO.RRB.AML.No.6723/03.05.28(A)/2011-12 dated January 5, 2012.
RBI/2011-12/381@@NBSP@@ RPCD.CO.RCB.AML.No.7695/07.02.12/2011-12 February 1, 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 UNSCR 1267 (1999) and 1989 (2011) Committee's Al-Qaida Sanctions List Please refer to our circular RPCD.CO.RCB.AML.No.6764/07.02.12/2011-12 dated January 06, 2012 and RPCD.CO.RRB.AML.No.6723/03.05.28(A)/2011-12 dated January 5, 2012.
ଜାନୁଆରୀ 31, 2012
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267(1999) /1989(2011)
RBI/2011‐12/375 DBOD. AML. No. 11330 /14.06.001/2011-12 January 31, 2012 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBOD. AML. No. 9855/14.06.001/2011-12 dated January 3, 2012. We have since received from Government of India,
RBI/2011‐12/375 DBOD. AML. No. 11330 /14.06.001/2011-12 January 31, 2012 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBOD. AML. No. 9855/14.06.001/2011-12 dated January 3, 2012. We have since received from Government of India,
ଜାନୁଆରୀ 30, 2012
Deregulation of Savings Bank Deposit Interest Rate - Guidelines
RBI/2011-12/374 RPCD.CO.RRB.BC.No.57 /03.05.33 /2011-12 January 30, 2012 All State Co-operative Banks (StCBs) / District Central Co-operative Banks (DCCBs) / Regional Rural Banks (RRBs) Dear Sir, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circulars RPCD.CO.RRB.BC.NO.33/03.05.33/2011-12 dated November 23, 2011 and RPCD.CO.RCB.BC.No. 47/07.38.01/2011-12 dated December 26, 2011 on the captioned subject. 2. Based on the references
RBI/2011-12/374 RPCD.CO.RRB.BC.No.57 /03.05.33 /2011-12 January 30, 2012 All State Co-operative Banks (StCBs) / District Central Co-operative Banks (DCCBs) / Regional Rural Banks (RRBs) Dear Sir, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circulars RPCD.CO.RRB.BC.NO.33/03.05.33/2011-12 dated November 23, 2011 and RPCD.CO.RCB.BC.No. 47/07.38.01/2011-12 dated December 26, 2011 on the captioned subject. 2. Based on the references
ଜାନୁଆରୀ 27, 2012
Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of CRR
RBI/2011-12/371 RPCD.CO.RCB.BC.No.56/07.02.01/2011-12 January 25, 2012 All Scheduled State Co-operative Banks / Regional Rural Banks Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of CRR Please refer to our Circular RPCD.CO.RF.BC.No.75/07.02.01/2009-10@@NBSP@@dated April 21, 2010 and RPCD.CO.RRB.No.73/03.05. 28(B)/2009-10 dated April 21, 2010 on the captioned subject. 2. The Reserve Bank in its Third Quarter Review of Monetary Policy 2011
RBI/2011-12/371 RPCD.CO.RCB.BC.No.56/07.02.01/2011-12 January 25, 2012 All Scheduled State Co-operative Banks / Regional Rural Banks Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of CRR Please refer to our Circular RPCD.CO.RF.BC.No.75/07.02.01/2009-10@@NBSP@@dated April 21, 2010 and RPCD.CO.RRB.No.73/03.05. 28(B)/2009-10 dated April 21, 2010 on the captioned subject. 2. The Reserve Bank in its Third Quarter Review of Monetary Policy 2011
ଜାନୁଆରୀ 25, 2012
UCBs - CRR reduced
RBI/2011-12/369 UBD.BPD. (PCB). CIR.No. 2 /12.03.000/2011-12 January 25, 2012 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934 – Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular UBD (PCB).No.3/12.03.000/2009-10 dated April 21, 2010 on the captioned subject. 2. The Reserve Bank in its Third Quarter Review of Monetary Policy 2011-12 issued on January 24, 2012,
RBI/2011-12/369 UBD.BPD. (PCB). CIR.No. 2 /12.03.000/2011-12 January 25, 2012 The Chief Executive Officers of All Scheduled Primary (Urban) Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934 – Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular UBD (PCB).No.3/12.03.000/2009-10 dated April 21, 2010 on the captioned subject. 2. The Reserve Bank in its Third Quarter Review of Monetary Policy 2011-12 issued on January 24, 2012,
ଜାନୁଆରୀ 25, 2012
Deregulation of Savings Bank Deposit Interest Rate - Guidelines
RBI/2011-12/368 DBOD.Dir.BC. 75/13.03.00/2011-12 January 25, 2012 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circular DBOD.Dir.BC. 42 /13.03.00/2011-12 dated October 25, 2011. 2. Based on the references received from banks, we clarify that the revised guidelines issued vide our circular referred to above would be applicable to domestic savings bank deposits held by
RBI/2011-12/368 DBOD.Dir.BC. 75/13.03.00/2011-12 January 25, 2012 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circular DBOD.Dir.BC. 42 /13.03.00/2011-12 dated October 25, 2011. 2. Based on the references received from banks, we clarify that the revised guidelines issued vide our circular referred to above would be applicable to domestic savings bank deposits held by
ଜାନୁଆରୀ 24, 2012
Implementation of the UNSCR 1929 (2010) on Non-proliferation Government of India Order of November 04, 2011
RBI/2011-12/364 RPCD.CO.RCB.AML.No.7343/07.02.12/2011-12 January 24, 2012 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, Implementation of the UNSCR 1929 (2010) on Non-proliferation Government of India Order of November 04, 2011 Please find enclosed a copy of Ministry of External Affairs Order dated November 4, 2011 published in the Gazette of India on implementation of United Nations Security Council Resolution 1929 (2010). 2. Utmost care s
RBI/2011-12/364 RPCD.CO.RCB.AML.No.7343/07.02.12/2011-12 January 24, 2012 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, Implementation of the UNSCR 1929 (2010) on Non-proliferation Government of India Order of November 04, 2011 Please find enclosed a copy of Ministry of External Affairs Order dated November 4, 2011 published in the Gazette of India on implementation of United Nations Security Council Resolution 1929 (2010). 2. Utmost care s
ଜାନୁଆରୀ 24, 2012
Implementation of UNSCR 1929 (2010) on Non-proliferation Government of India Order of November 04, 2011
RBI/2011-12/362 RPCD.CO RRB.AML.No.7306/03.05.28(A)/2011-12 January 24, 2012 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Implementation of UNSCR 1929 (2010) on Non-proliferation Government of India Order of November 04, 2011 Please find enclosed a copy of Ministry of External Affairs Order dated November 4, 2011 published in the Gazette of India on implementation of United Nations Security Council Resolution 1929 (2010). 2. Utmost care should be taken by RR
RBI/2011-12/362 RPCD.CO RRB.AML.No.7306/03.05.28(A)/2011-12 January 24, 2012 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Implementation of UNSCR 1929 (2010) on Non-proliferation Government of India Order of November 04, 2011 Please find enclosed a copy of Ministry of External Affairs Order dated November 4, 2011 published in the Gazette of India on implementation of United Nations Security Council Resolution 1929 (2010). 2. Utmost care should be taken by RR
ଜାନୁଆରୀ 24, 2012
Third Quarter Review of Monetary Policy 2011-12
By Dr. D. Subbarao Governor Introduction Since the Second Quarter Review (SQR) of Monetary Policy in October 2011, there have been significant changes in the global scenario. On the one hand, concerns over the sustainability of sovereign debt problem in the euro area have intensified. On the other, there are modest signs of improvement in the US. In the emerging and developing economies (EDEs), growth has been moderating, reflecting the sluggishness in the advanced ec
By Dr. D. Subbarao Governor Introduction Since the Second Quarter Review (SQR) of Monetary Policy in October 2011, there have been significant changes in the global scenario. On the one hand, concerns over the sustainability of sovereign debt problem in the euro area have intensified. On the other, there are modest signs of improvement in the US. In the emerging and developing economies (EDEs), growth has been moderating, reflecting the sluggishness in the advanced ec
ଜାନୁଆରୀ 24, 2012
CRR Reduced
RBI/2011-12/363 Ref: DBOD.No.Ret.BC.74 /12.01.001/2011-12 January 24, 2012 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of CRR Please refer to our Circular DBOD.No.Ret.BC.90/12.01.001/2009-10 dated April 20, 2010 on the captioned subject. 2. @@NBSP@@The Reserve Bank in its Third Quarter Review of Monetary Policy 2011-12 issued on January 24, 2012, decided to reduce the Cash
RBI/2011-12/363 Ref: DBOD.No.Ret.BC.74 /12.01.001/2011-12 January 24, 2012 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of CRR Please refer to our Circular DBOD.No.Ret.BC.90/12.01.001/2009-10 dated April 20, 2010 on the captioned subject. 2. @@NBSP@@The Reserve Bank in its Third Quarter Review of Monetary Policy 2011-12 issued on January 24, 2012, decided to reduce the Cash
ଜାନୁଆରୀ 20, 2012
Implementation of UNSCR 1929(2010) on Non-proliferation Government of India Order of November 04, 2011
RBI/2011-12/358 DBOD. AML. No. 10874/14.06.001/2011-12 January 20, 2012 The Chairman / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / Financial Institutions Dear Sir, Implementation of UNSCR 1929(2010) on Non-proliferation Government of India Order of November 04, 2011 Please find enclosed a copy of Ministry of External Affairs Order dated November 4, 2011 published in the Gazette of India on implementation of United Nations Security Counc
RBI/2011-12/358 DBOD. AML. No. 10874/14.06.001/2011-12 January 20, 2012 The Chairman / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / Financial Institutions Dear Sir, Implementation of UNSCR 1929(2010) on Non-proliferation Government of India Order of November 04, 2011 Please find enclosed a copy of Ministry of External Affairs Order dated November 4, 2011 published in the Gazette of India on implementation of United Nations Security Counc
ଜାନୁଆରୀ 19, 2012
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1988 (2011) Sanctions List- StCBs/DCCBs
RBI/2011-12/ 355 RPCD.CO.RCB.AML.No.7152/07.02.12/2011-12 January 19, 2012 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988 (2011) Sanctions List Please refer to our circular RPCD.CO.RCB.AML.BC.No.52/07.02.12/2011-12 dated January 4, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of notes forwarded by the Chairman o
RBI/2011-12/ 355 RPCD.CO.RCB.AML.No.7152/07.02.12/2011-12 January 19, 2012 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988 (2011) Sanctions List Please refer to our circular RPCD.CO.RCB.AML.BC.No.52/07.02.12/2011-12 dated January 4, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of notes forwarded by the Chairman o
ଜାନୁଆରୀ 18, 2012
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1988 (2011) Sanctions List - RRBs
RBI/2011-12/354 RPCD.CO RRB.AML.No. 7156/03.05.28(A)/2011-12 January 18, 2012 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988 (2011) Sanctions List Please refer to our circular RPCD.CO RRB.AML.BC.No.51/03.05.33(E)/2011-12@@NBSP@@ dated January 2, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of notes forwarded by the Chairman of UN
RBI/2011-12/354 RPCD.CO RRB.AML.No. 7156/03.05.28(A)/2011-12 January 18, 2012 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1988 (2011) Sanctions List Please refer to our circular RPCD.CO RRB.AML.BC.No.51/03.05.33(E)/2011-12@@NBSP@@ dated January 2, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of notes forwarded by the Chairman of UN
ଜାନୁଆରୀ 17, 2012
Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988(2011) Sanctions List
RBI/2011-12/352 DBOD. AML. No. 10614/14.06.001/2011-12 January 17, 2012 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988(2011) Sanctions List Please refer to our circular DBOD. AML. BC. No. 70/14.06.001/2011-12 dated December 30, 2011. We have since received from Government of India, Ministry of External Affairs, U
RBI/2011-12/352 DBOD. AML. No. 10614/14.06.001/2011-12 January 17, 2012 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988(2011) Sanctions List Please refer to our circular DBOD. AML. BC. No. 70/14.06.001/2011-12 dated December 30, 2011. We have since received from Government of India, Ministry of External Affairs, U
ଜାନୁଆରୀ 16, 2012
RRBs - Anti-Money Laundering/Combating Financing of Terrorism - Standards
RBI/2011-12/351 RPCD.CO.RRB.AML.No.7081/03.05.28(A)/2011-12 January 16, 2012 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards Please refer to our circular RPCD.CO.RRB.AML.No.1203 /03.05.28 (A)/2011-12 dated July 29, 2011 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. @@NBSP@@Financial Action Task Force (FATF) has updated its Statement on Oct
RBI/2011-12/351 RPCD.CO.RRB.AML.No.7081/03.05.28(A)/2011-12 January 16, 2012 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards Please refer to our circular RPCD.CO.RRB.AML.No.1203 /03.05.28 (A)/2011-12 dated July 29, 2011 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. @@NBSP@@Financial Action Task Force (FATF) has updated its Statement on Oct
ଜାନୁଆରୀ 16, 2012
StCBs/DCCBs - Anti-Money Laundering/Combating Financing of Terrorism - Standards
RBI/2011-12/350 RPCD.CO.RCB.AML.No.7036/07.02.12/2011-12 January 16, 2012 The Chairmen / CEOs of all State / Central Co-operative Banks Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letters RPCD.CO.RCB.AML.No.1286/07.02.12/2011-12 and RPCD.CO.RCB.AML.No.1287/07.02.12/2011-12 dated August 3, 2011 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action Task F
RBI/2011-12/350 RPCD.CO.RCB.AML.No.7036/07.02.12/2011-12 January 16, 2012 The Chairmen / CEOs of all State / Central Co-operative Banks Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letters RPCD.CO.RCB.AML.No.1286/07.02.12/2011-12 and RPCD.CO.RCB.AML.No.1287/07.02.12/2011-12 dated August 3, 2011 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action Task F
ଜାନୁଆରୀ 13, 2012
Guidelines on Compensation of Whole Time Directors / Chief Executive Officers / Risk takers and Control function staff, etc
RBI/2011-12/349 DBOD No.BC.72/29.67.001/2011-12 January @@NBSP@@13, 2012 All Private Sector and Foreign Banks operating in India Dear Sir / Madam, Guidelines on Compensation of Whole Time Directors / Chief Executive Officers / Risk takers and Control function staff, etc. The compensation practices, especially of large financial institutions, were one of the important factors which contributed to the recent global financial crisis.@@NBSP@@Employees were too often rewar
RBI/2011-12/349 DBOD No.BC.72/29.67.001/2011-12 January @@NBSP@@13, 2012 All Private Sector and Foreign Banks operating in India Dear Sir / Madam, Guidelines on Compensation of Whole Time Directors / Chief Executive Officers / Risk takers and Control function staff, etc. The compensation practices, especially of large financial institutions, were one of the important factors which contributed to the recent global financial crisis.@@NBSP@@Employees were too often rewar
ଜାନୁଆରୀ 12, 2012
Anti-Money Laundering/Combating Financing of Terrorism - Standards
RBI/2011-12/346 DBOD. AML.No. 10461 /14.01.001/2011-12 January 12, 2012 The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letters DBOD. AML.No.1454/14.01.001/ 2010-11 and DBOD. AML.No.1456 /14.01.001/2011-12 dated July 27, 2011 on risks arising from the deficiencies in AML/CFT regime of c
RBI/2011-12/346 DBOD. AML.No. 10461 /14.01.001/2011-12 January 12, 2012 The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letters DBOD. AML.No.1454/14.01.001/ 2010-11 and DBOD. AML.No.1456 /14.01.001/2011-12 dated July 27, 2011 on risks arising from the deficiencies in AML/CFT regime of c
ଜାନୁଆରୀ 09, 2012
Union Budget - 2011-12 - Interest Subvention Scheme - 2 per cent interest subvention and 3 per cent additional subvention for short-term crop loans
RBI / 2011-12/ 344 RPCD.No.PLFS.BC.54/05.04.02/2011-12 January 9, 2012 The Chairman/Managing Director All Public Sector Banks Dear Sir, Union Budget – 2011-12 – Interest Subvention Scheme – 2 per cent interest subvention and 3 per cent additional subvention for short-term crop loans in 2011-12 As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 63) for 2011-12 had announced as follows: "In the last budget, I had provided an additional two p
RBI / 2011-12/ 344 RPCD.No.PLFS.BC.54/05.04.02/2011-12 January 9, 2012 The Chairman/Managing Director All Public Sector Banks Dear Sir, Union Budget – 2011-12 – Interest Subvention Scheme – 2 per cent interest subvention and 3 per cent additional subvention for short-term crop loans in 2011-12 As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 63) for 2011-12 had announced as follows: "In the last budget, I had provided an additional two p
ଜାନୁଆରୀ 06, 2012
Implementation of Section 51-A of UAPA, 1967- Updates of UNSCR 1267 (1999) and 1989 (2011) Committee's Al-Qaida Sanctions List
RBI/2011-12/343 RPCD.CO.RCB.AML.No.6764/07.02.12/2011-12 January 06, 2012 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of UNSCR 1267 (1999) and 1989 (2011) Committee's Al-Qaida Sanctions List Please refer to our circular RPCD.CO.RCB.AML.BC.No.52/07.02.12/2011-12 dated January 4, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of n
RBI/2011-12/343 RPCD.CO.RCB.AML.No.6764/07.02.12/2011-12 January 06, 2012 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of UNSCR 1267 (1999) and 1989 (2011) Committee's Al-Qaida Sanctions List Please refer to our circular RPCD.CO.RCB.AML.BC.No.52/07.02.12/2011-12 dated January 4, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of n
ଜାନୁଆରୀ 05, 2012
Implementation of Section 51-A of UPA, 1967 - Updates of the UNSCR 1267 (1999) and 1989 (2011)
RBI/2011-12/339 RPCD.CO RRB.AML.No. 6723 /03.05.28(A)/2011-12 January 5, 2012 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Implementation of Section 51-A of UPA, 1967 Updates of the UNSCR 1267 (1999) and 1989 (2011) Committee's Al Qaida Sanctions List Please refer to our circular letter RPCD.CO.RRB.AML.BC.NO.51 /03.05.33 (E)/2011-12 dated January 2, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of no
RBI/2011-12/339 RPCD.CO RRB.AML.No. 6723 /03.05.28(A)/2011-12 January 5, 2012 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Implementation of Section 51-A of UPA, 1967 Updates of the UNSCR 1267 (1999) and 1989 (2011) Committee's Al Qaida Sanctions List Please refer to our circular letter RPCD.CO.RRB.AML.BC.NO.51 /03.05.33 (E)/2011-12 dated January 2, 2012. We have since received from Government of India, Ministry of External Affairs, UNP Division copies of no
ଜାନୁଆରୀ 05, 2012
Payment of Penal Interest for delayed credit/refunds of NEFT transactions
RBI/2011-12/342 DPSS (CO) EPPD No.1204/04.03.01/2011-12 @@NBSP@@January 05, 2012 The Chairman and Managing Director / Chief Executive Officer of member banks participating in@@NBSP@@ NEFT / Indian Banks’ Association Madam / Dear Sir, Payment of Penal Interest for delayed credit/refunds of NEFT transactions and efficient functioning of Customer Facilitation Centres Please refer to our circular DPSS (CO) EPPD No. 477/04.03.01/2010-11 dated September 1, 2010 on bringing
RBI/2011-12/342 DPSS (CO) EPPD No.1204/04.03.01/2011-12 @@NBSP@@January 05, 2012 The Chairman and Managing Director / Chief Executive Officer of member banks participating in@@NBSP@@ NEFT / Indian Banks’ Association Madam / Dear Sir, Payment of Penal Interest for delayed credit/refunds of NEFT transactions and efficient functioning of Customer Facilitation Centres Please refer to our circular DPSS (CO) EPPD No. 477/04.03.01/2010-11 dated September 1, 2010 on bringing
ଜାନୁଆରୀ 05, 2012
Providing Positive Confirmation to the Originator - Non-adherence to RBI Instructions
RBI/2011-12/341 DPSS (CO) EPPD No.1199/04.03.01/2011-12 January 05, 2012 The Chairman and Managing Director / Chief Executive Officer of member banks participating in@@NBSP@@ NEFT / Indian Banks’ Association Madam / Dear Sir, Providing Positive Confirmation to the Originator – Non-adherence to RBI Instructions Please refer to our circular DPSS CO EPPD No. 168 / 04.03.01 / 2009-2010 dated February 5, 2010 putting in place a mechanism which would enable NEFT participati
RBI/2011-12/341 DPSS (CO) EPPD No.1199/04.03.01/2011-12 January 05, 2012 The Chairman and Managing Director / Chief Executive Officer of member banks participating in@@NBSP@@ NEFT / Indian Banks’ Association Madam / Dear Sir, Providing Positive Confirmation to the Originator – Non-adherence to RBI Instructions Please refer to our circular DPSS CO EPPD No. 168 / 04.03.01 / 2009-2010 dated February 5, 2010 putting in place a mechanism which would enable NEFT participati
ଜାନୁଆରୀ 04, 2012
Implementation of Section 51-A of UAPA, 1967 - Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban
RBI/2011-12/338 RPCD.CO.RCB.AML.BC.No 52/07.02.12/2011-12 January 4, 2012 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, Implementation of Section 51-A of UAPA, 1967- Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban Please refer to the UN Security Council's 1267 Committee’s Consolidated List of individuals and entities linked to Al-Qaida and Taliban who are subject to the assets freeze, trave
RBI/2011-12/338 RPCD.CO.RCB.AML.BC.No 52/07.02.12/2011-12 January 4, 2012 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, Implementation of Section 51-A of UAPA, 1967- Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban Please refer to the UN Security Council's 1267 Committee’s Consolidated List of individuals and entities linked to Al-Qaida and Taliban who are subject to the assets freeze, trave
ଜାନୁଆରୀ 04, 2012
Issue of Acknowledgement of Loan Applications to MSME borrowers
RBI/2011-12/337 RPCD.MSME & NFS. BC. No. 53/06.02.31/2011-12 January 4, 2012 The Chairman/Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir Issue of Acknowledgement of Loan Applications to MSME borrowers Please refer to paragraph 2 (b) of Circular DBOD.Leg.No.BC.104/09.07.007/2002-03 dated May 5, 2003 on 'Guidelines on Fair Practices Code for Lenders' wherein banks were advised to devise a system of
RBI/2011-12/337 RPCD.MSME & NFS. BC. No. 53/06.02.31/2011-12 January 4, 2012 The Chairman/Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir Issue of Acknowledgement of Loan Applications to MSME borrowers Please refer to paragraph 2 (b) of Circular DBOD.Leg.No.BC.104/09.07.007/2002-03 dated May 5, 2003 on 'Guidelines on Fair Practices Code for Lenders' wherein banks were advised to devise a system of
ଜାନୁଆରୀ 03, 2012
Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1267(1999) and 1989( 2011) Committee's Al Qaida Sanctions List
RBI/2011-12/336 DBOD. AML. No. 9855 /14.06.001/2011-12 January 3, 2012 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions 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 DBOD. AML. BC. No. 70 /14.06.001/2011-12 dated December 30, 2011. We have since received from Government of In
RBI/2011-12/336 DBOD. AML. No. 9855 /14.06.001/2011-12 January 3, 2012 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions 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 DBOD. AML. BC. No. 70 /14.06.001/2011-12 dated December 30, 2011. We have since received from Government of In
ଜାନୁଆରୀ 02, 2012
RRBs - Implementation of Section 51-A of UAPA, 1967-Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban
RBI/2011-12/334 RPCD.CO RRB.AML.BC.No.51 /03.05.33(E)/2011-12 January 2,2012 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Implementation of Section 51-A of UAPA, 1967- Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban Please refer to the UN Security Council's 1267 Committee’s Consolidated List of individuals and entities linked to Al-Qaida and Taliban who are subject to the assets freeze, travel ban and arms e
RBI/2011-12/334 RPCD.CO RRB.AML.BC.No.51 /03.05.33(E)/2011-12 January 2,2012 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Implementation of Section 51-A of UAPA, 1967- Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban Please refer to the UN Security Council's 1267 Committee’s Consolidated List of individuals and entities linked to Al-Qaida and Taliban who are subject to the assets freeze, travel ban and arms e
ଡିସେମ୍ବର 30, 2011
Exchange-traded Interest Rate Futures
RBI/2011-12/330 IDMD.PCD.17/14.03.01/2011-12 December 30, 2011 To All market participants Dear Sir/Madam Exchange-traded Interest Rate Futures As announced in the Annual Policy Statement for 2011-12, it has been decided to introduce Interest Rate Futures (IRF) on notional 2-year and 5-year coupon bearing Government of India securities. The 2-year and 5-year IRF contracts shall be cash-settled and the final settlement price shall be based on the yields of the basket of
RBI/2011-12/330 IDMD.PCD.17/14.03.01/2011-12 December 30, 2011 To All market participants Dear Sir/Madam Exchange-traded Interest Rate Futures As announced in the Annual Policy Statement for 2011-12, it has been decided to introduce Interest Rate Futures (IRF) on notional 2-year and 5-year coupon bearing Government of India securities. The 2-year and 5-year IRF contracts shall be cash-settled and the final settlement price shall be based on the yields of the basket of
ଡିସେମ୍ବର 30, 2011
Exchange-traded Interest Rate Futures
RBI/2011-12/329 IDMD.PCD.16 /14.03.01/2011-12 December 30, 2011 To All Market Participants Dear Sir/Madam Exchange-traded Interest Rate Futures Interest Rate Futures on 10-year notional coupon bearing Government of India (GoI) security and 91-Day Treasury Bills were introduced on August 28, 2009 and March 7, 2011 respectively. It has now been decided to introduce Interest Rate Futures (IRF) on 2-year and 5-year notional coupon bearing GoI securities in terms of Amendm
RBI/2011-12/329 IDMD.PCD.16 /14.03.01/2011-12 December 30, 2011 To All Market Participants Dear Sir/Madam Exchange-traded Interest Rate Futures Interest Rate Futures on 10-year notional coupon bearing Government of India (GoI) security and 91-Day Treasury Bills were introduced on August 28, 2009 and March 7, 2011 respectively. It has now been decided to introduce Interest Rate Futures (IRF) on 2-year and 5-year notional coupon bearing GoI securities in terms of Amendm
ଡିସେମ୍ବର 30, 2011
Implementation of Section 51-A of UAPA, 1967 - Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban
RBI/2011-12/328 DBOD. AML. BC. No.70 /14.06.001/2011-12 December 30, 2011 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban Please refer to the UN Security Council's 1267 Committee’s Consolidated List of individuals and entities linked to Al-Q
RBI/2011-12/328 DBOD. AML. BC. No.70 /14.06.001/2011-12 December 30, 2011 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Splitting of UNSC 1267 Committee's list of individuals and entities linked to Al-Qaida and Taliban Please refer to the UN Security Council's 1267 Committee’s Consolidated List of individuals and entities linked to Al-Q
ଡିସେମ୍ବର 30, 2011
KYC Norms/AML Standards/CFT/Obligation of Banks under PMLA 2002 - Assessment and Monitoring of Risk
RBI/2011-12/327 RPCD.CO.RCB. AML.BC. No.50/07.40.00/2011-12 December 30, 2011 The Chairmen / Chief Executive Officers All State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk Please refer to our circular RPCD.AML.BC.No.80/07.40.00/2004-05 dated February 18,
RBI/2011-12/327 RPCD.CO.RCB. AML.BC. No.50/07.40.00/2011-12 December 30, 2011 The Chairmen / Chief Executive Officers All State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk Please refer to our circular RPCD.AML.BC.No.80/07.40.00/2004-05 dated February 18,
ଡିସେମ୍ବର 30, 2011
Implementation of Basel III Capital Regulations in India - Draft Guidelines
RBI/2011-12/331 DBOD.No.BP.BC. 71/ 21.06.201 / 2011-12 December 30, 2011 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Dear Sir, Implementation of Basel III Capital Regulations in India –@@NBSP@@Draft Guidelines As you are aware, the Basel Committee on Banking Supervision (BCBS) has issued comprehensive reform packages entitled “Basel III: A global regulato
RBI/2011-12/331 DBOD.No.BP.BC. 71/ 21.06.201 / 2011-12 December 30, 2011 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Dear Sir, Implementation of Basel III Capital Regulations in India –@@NBSP@@Draft Guidelines As you are aware, the Basel Committee on Banking Supervision (BCBS) has issued comprehensive reform packages entitled “Basel III: A global regulato
ଡିସେମ୍ବର 28, 2011
StCBs/DCCBs - Deregulation of Interest Rates on NRE Deposits and NRO Accounts
RBI/2011-12/325 RPCD.CO.RCB.Dir.BC.No.49 /07.38.01/2011-12 December 28, 2011 All State and Central Co-operative Banks Dear Sir/Madam, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts Please refer to paragraph 1 of our circular RPCD.CO.RCB.BC.No.38/ 07.38.01/2011-12 dated November 24, 2011 on Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and paragraph 2 of our circular RPCD.CO.RCB.B
RBI/2011-12/325 RPCD.CO.RCB.Dir.BC.No.49 /07.38.01/2011-12 December 28, 2011 All State and Central Co-operative Banks Dear Sir/Madam, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts Please refer to paragraph 1 of our circular RPCD.CO.RCB.BC.No.38/ 07.38.01/2011-12 dated November 24, 2011 on Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and paragraph 2 of our circular RPCD.CO.RCB.B
ଡିସେମ୍ବର 27, 2011
Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)
RBI/2011-12/322 DBOD.Dir.BC. 68 /13.03.00/2011-12 December 27, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs) Please refer to our circulars No.DBOD.Dir.BC.46/13.03.00/2010-11 dated September 30, 2010, DBOD.Dir.BC.52/13.03.00/2010-11dated October 28, 2010@@NBSP@@and DBOD.Dir.BC.43/13.03.00/2011-12@@NBSP@@dated October 31, 2011 wherein banks issuing Irrevocable Pay
RBI/2011-12/322 DBOD.Dir.BC. 68 /13.03.00/2011-12 December 27, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs) Please refer to our circulars No.DBOD.Dir.BC.46/13.03.00/2010-11 dated September 30, 2010, DBOD.Dir.BC.52/13.03.00/2010-11dated October 28, 2010@@NBSP@@and DBOD.Dir.BC.43/13.03.00/2011-12@@NBSP@@dated October 31, 2011 wherein banks issuing Irrevocable Pay
ଡିସେମ୍ବର 27, 2011
Capital Requirement for banks’ investments in financial entities exempted from Capital Market Exposure
RBI/2011-12/321 DBOD.No.BP.BC. 69 /21.06.001/2011-12 December 27, 2011 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Capital Requirement for banks’ investments in financial entities exempted from Capital Market Exposure Please refer to paragraph 5.13.4 of our Master Circular No. DBOD.No.BP.BC.11/ 21.06.001/2010-11 dated July 1, 2011 on Prudential Guidelines on Capital Adequacy and Ma
RBI/2011-12/321 DBOD.No.BP.BC. 69 /21.06.001/2011-12 December 27, 2011 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Capital Requirement for banks’ investments in financial entities exempted from Capital Market Exposure Please refer to paragraph 5.13.4 of our Master Circular No. DBOD.No.BP.BC.11/ 21.06.001/2010-11 dated July 1, 2011 on Prudential Guidelines on Capital Adequacy and Ma
ଡିସେମ୍ବର 27, 2011
Standardisation and Enhancement of Security Features in Cheque Forms-Implementation of CTS 2010 standard
RBI/2011-12/320 DPSS.CO.CHD.No./ 1112 / 04.07.05 / 2011-12 December 27, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks Madam / Dear Sir, Standardisation and Enhancement of Security Features in Cheque Forms-Implementation of CTS 2010 standard A reference is invited to our circular No.DPSS.CO.CHD.No. 1832 / 04.07.05
RBI/2011-12/320 DPSS.CO.CHD.No./ 1112 / 04.07.05 / 2011-12 December 27, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks Madam / Dear Sir, Standardisation and Enhancement of Security Features in Cheque Forms-Implementation of CTS 2010 standard A reference is invited to our circular No.DPSS.CO.CHD.No. 1832 / 04.07.05
ଡିସେମ୍ବର 26, 2011
Deregulation of Savings Bank Deposit Interest Rate - Guidelines
RBI/2011-12/315 RPCD.CO.RCB.BC.No.47/ 07.38.01/2011-12 December 26, 2011 All State and Central Co-operative Banks Dear Sir, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circular RPCD.CO.RCB.BC.No.65/07.38.01/2010-11 dated May 3, 2011. 2. As indicated in the Second Quarter Review of Monetary Policy announced on October 25, 2011, it has been decided to deregulate the savings bank deposit interest rate and,@@NBSP@@ accordingly, the
RBI/2011-12/315 RPCD.CO.RCB.BC.No.47/ 07.38.01/2011-12 December 26, 2011 All State and Central Co-operative Banks Dear Sir, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circular RPCD.CO.RCB.BC.No.65/07.38.01/2010-11 dated May 3, 2011. 2. As indicated in the Second Quarter Review of Monetary Policy announced on October 25, 2011, it has been decided to deregulate the savings bank deposit interest rate and,@@NBSP@@ accordingly, the
ଡିସେମ୍ବର 22, 2011
Implementation of the Internal Rating Based (IRB) Approaches for Calculation of Capital Charge for Credit Risk
RBI/2011-12/311 DBOD.No.BP.BC.67/21.06.202/2011-12 December 22, 2011 The Chairmen and Managing Directors / Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks and Local Area Banks) Dear Sir/Madam, Implementation of the Internal Rating Based (IRB) Approaches for Calculation of Capital Charge for Credit Risk Please refer to our circular DBOD.No.BP.BC.23/21.06.001/2009-10 dated July 7, 2009, inter alia, advising banks that they can apply for
RBI/2011-12/311 DBOD.No.BP.BC.67/21.06.202/2011-12 December 22, 2011 The Chairmen and Managing Directors / Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks and Local Area Banks) Dear Sir/Madam, Implementation of the Internal Rating Based (IRB) Approaches for Calculation of Capital Charge for Credit Risk Please refer to our circular DBOD.No.BP.BC.23/21.06.001/2009-10 dated July 7, 2009, inter alia, advising banks that they can apply for
ଡିସେମ୍ବର 22, 2011
Mobile Banking Transactions in India - Operative Guidelines for Banks
RBI/2011 -12/312 DPSS.CO.PD.No. 1098 / 02.23.02 / 2011-12 December 22, 2011 The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks Madam/ Dear Sir Mobile Banking Transactions in India - Operative Guidelines for Banks A reference is invited to the guidelines appended to our circular no. RBI / 2008-09 / 208, DPSS.CO.No.619 / 02.23
RBI/2011 -12/312 DPSS.CO.PD.No. 1098 / 02.23.02 / 2011-12 December 22, 2011 The Chairman and Managing Director / Chief Executive OfficersAll Scheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks Madam/ Dear Sir Mobile Banking Transactions in India - Operative Guidelines for Banks A reference is invited to the guidelines appended to our circular no. RBI / 2008-09 / 208, DPSS.CO.No.619 / 02.23
ଡିସେମ୍ବର 21, 2011
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - State Bank of India Commercial and International Bank Limited
RBI/2011-12/310 Ref.DBOD.Ret..BC. No.66/12.06.001/2011-12 December 21, 2011 All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – State Bank of India Commercial and International Bank Limited We advise that the name of “State Bank of India Commercial and International Bank Limited” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD.No.Ret.BC.35/12.06.059/
RBI/2011-12/310 Ref.DBOD.Ret..BC. No.66/12.06.001/2011-12 December 21, 2011 All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – State Bank of India Commercial and International Bank Limited We advise that the name of “State Bank of India Commercial and International Bank Limited” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD.No.Ret.BC.35/12.06.059/
ଡିସେମ୍ବର 21, 2011
Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk
RBI/2011-12/309 RPCD.CO.RRB.AML. BC.No.46 /03.05.33 (E) /2011-12 December 21, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk Please refer to our circular RPCD.No.RRB.BC.81/03.05.33(E)/2004-05 dated February 18, 2005 on Know Your Customer (
RBI/2011-12/309 RPCD.CO.RRB.AML. BC.No.46 /03.05.33 (E) /2011-12 December 21, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk Please refer to our circular RPCD.No.RRB.BC.81/03.05.33(E)/2004-05 dated February 18, 2005 on Know Your Customer (
ଡିସେମ୍ବର 21, 2011
Marginal Standing Facility - Scheme
RBI/2011-12/308 FMD. No.65 /01.18.001/2011-12 December 21, 2011 All Scheduled Commercial Banks Dear Sir, Marginal Standing Facility - Scheme Please refer to our Circular RBI/2010-11/515 dated May 9, 2011 on the captioned subject. 2. It has been decided to permit banks to avail themselves of funds from RBI on overnight basis, under Marginal Standing Facility (MSF), against their excess SLR holdings.@@NBSP@@ Additionally, they can also avail themselves of funds, on over
RBI/2011-12/308 FMD. No.65 /01.18.001/2011-12 December 21, 2011 All Scheduled Commercial Banks Dear Sir, Marginal Standing Facility - Scheme Please refer to our Circular RBI/2010-11/515 dated May 9, 2011 on the captioned subject. 2. It has been decided to permit banks to avail themselves of funds from RBI on overnight basis, under Marginal Standing Facility (MSF), against their excess SLR holdings.@@NBSP@@ Additionally, they can also avail themselves of funds, on over
ଡିସେମ୍ବର 19, 2011
Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk
RBI/2011-12/305 DBOD. AML.BC. No.65 /14.01.001/2011-12 December 19, 2011 The Chairmen / Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs)/ All India Financial institutions/ Local Area Banks Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk Please refer to our Master Ci
RBI/2011-12/305 DBOD. AML.BC. No.65 /14.01.001/2011-12 December 19, 2011 The Chairmen / Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs)/ All India Financial institutions/ Local Area Banks Dear Sir, Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002- Assessment and Monitoring of Risk Please refer to our Master Ci
ଡିସେମ୍ବର 19, 2011
Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts
RBI/2011-12/307 RPCD.CO.RRB.BC.No.45@@NBSP@@ /03.05.33 (C) /2011-12 December 19, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts Please refer to paragraph 4 of our circular RPCD.CO.RRB.BC.No. 33/03.05.33/2011-12 dated November 23, 2011 on Deregulation of Savings Bank Deposit Interest Rate and paragraph 1 of our circular RPCD.CO.RRB.BC.No.
RBI/2011-12/307 RPCD.CO.RRB.BC.No.45@@NBSP@@ /03.05.33 (C) /2011-12 December 19, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts Please refer to paragraph 4 of our circular RPCD.CO.RRB.BC.No. 33/03.05.33/2011-12 dated November 23, 2011 on Deregulation of Savings Bank Deposit Interest Rate and paragraph 1 of our circular RPCD.CO.RRB.BC.No.
ଡିସେମ୍ବର 16, 2011
Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts
RBI/2011-12/303 DBOD.Dir.BC. 64 /13.03.00/2011-12 December 16, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts Please refer to paragraph 4 of our circular DBOD.Dir.BC.42/13.03.00/ 2011-12 dated October 25, 2011 on Deregulation of Savings Bank Deposit Interest Rate and paragraph 1 of our circular DBOD.Dir.BC.59/13.03.00/2011-12 da
RBI/2011-12/303 DBOD.Dir.BC. 64 /13.03.00/2011-12 December 16, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts Please refer to paragraph 4 of our circular DBOD.Dir.BC.42/13.03.00/ 2011-12 dated October 25, 2011 on Deregulation of Savings Bank Deposit Interest Rate and paragraph 1 of our circular DBOD.Dir.BC.59/13.03.00/2011-12 da
ଡିସେମ୍ବର 15, 2011
Formation of two new districts - Fazilka & Pathankot in the State of Punjab Assignment of Lead Bank responsibility
RBI/2011-12/301 RPCD.CO.LBS. BC.No. 42/02.08.01/2011-12 December 15, 2011 The Chairman/CMD All Lead Banks Dear Sir, Formation of two new districts – Fazilka & Pathankot in the State of Punjab Assignment of Lead Bank responsibility The Department of Revenue & Rehabilitation, Government of Punjab vide their Gazette Notification No. 1/1/2011-RE-II(I)/14544 & 14554 dated July 27, 2011 has advised about the constitution of new districts viz. Pathankot @@NBSP@@a
RBI/2011-12/301 RPCD.CO.LBS. BC.No. 42/02.08.01/2011-12 December 15, 2011 The Chairman/CMD All Lead Banks Dear Sir, Formation of two new districts – Fazilka & Pathankot in the State of Punjab Assignment of Lead Bank responsibility The Department of Revenue & Rehabilitation, Government of Punjab vide their Gazette Notification No. 1/1/2011-RE-II(I)/14544 & 14554 dated July 27, 2011 has advised about the constitution of new districts viz. Pathankot @@NBSP@@a
ଡିସେମ୍ବର 15, 2011
Amendment to Public Provident Fund Scheme, 1968 (PPF, 1968) and Senior Citizens Savings Scheme, 2004 (SCSS, 2004) - Payment of commission to the agents
RBI/2011-12/299DGBA.CDD. No. H- 3764 /15.02.001/2011-12 December 15, 2011 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
RBI/2011-12/299DGBA.CDD. No. H- 3764 /15.02.001/2011-12 December 15, 2011 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
ଡିସେମ୍ବର 12, 2011
Section 19 of the BR Act, 1949- Investments in subsidiaries and other companies - Guidelines
RBI/2011-12/297@@NBSP@@ DBOD. FSD. BC.62/24.01.001/2011-12 December 12, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Section 19 of the Banking Regulation Act, 1949- Investments in subsidiaries and other companies – Guidelines Please refer to the instructions contained in paragraphs 2 and 3 of our Master Circular DBOD. No. FSD.BC.15 / 24.01.001/ 2011-12 dated July 1, 2011 on Para-Banking Activities which deal with the guidelines for setting up of subs
RBI/2011-12/297@@NBSP@@ DBOD. FSD. BC.62/24.01.001/2011-12 December 12, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Section 19 of the Banking Regulation Act, 1949- Investments in subsidiaries and other companies – Guidelines Please refer to the instructions contained in paragraphs 2 and 3 of our Master Circular DBOD. No. FSD.BC.15 / 24.01.001/ 2011-12 dated July 1, 2011 on Para-Banking Activities which deal with the guidelines for setting up of subs
ଡିସେମ୍ବର 02, 2011
Payment of Cheques / Drafts / Pay Orders / Banker's Cheques
RBI/ 2011-12/288 UBD. BPD. (PCB) No. 15 /12.05.001/2011-12 December 2, 2011 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/ Madam Payment of Cheques / Drafts / Pay Orders / Banker's Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from the date of the instrument. 2. It has been brought to the notice of Reserve Bank by Go
RBI/ 2011-12/288 UBD. BPD. (PCB) No. 15 /12.05.001/2011-12 December 2, 2011 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/ Madam Payment of Cheques / Drafts / Pay Orders / Banker's Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from the date of the instrument. 2. It has been brought to the notice of Reserve Bank by Go
ନଭେମ୍ବର 30, 2011
Guidelines on Capital Adequacy and Exposure Norms for Credit Default Swaps (CDS)
RBI / 2011-12/287 IDMD.PCD.No.@@NBSP@@ 2301/14.03.04/2011‐12 November 30, 2011 All Standalone Primary Dealers Dear Sir/Madam, Guidelines on Capital Adequacy and Exposure Norms for Credit Default Swaps (CDS) Please refer to the guidelines on Credit Default Swaps on corporate bonds issued vide Circular IDMD.PCD.No. 5053 / 14.03.04 / 2010-11 dated May 23, 2011. @@NBSP@@As indicated in paragraph 3.5 of the circular, market participants will have to follow the capital adeq
RBI / 2011-12/287 IDMD.PCD.No.@@NBSP@@ 2301/14.03.04/2011‐12 November 30, 2011 All Standalone Primary Dealers Dear Sir/Madam, Guidelines on Capital Adequacy and Exposure Norms for Credit Default Swaps (CDS) Please refer to the guidelines on Credit Default Swaps on corporate bonds issued vide Circular IDMD.PCD.No. 5053 / 14.03.04 / 2010-11 dated May 23, 2011. @@NBSP@@As indicated in paragraph 3.5 of the circular, market participants will have to follow the capital adeq
ନଭେମ୍ବର 30, 2011
Financial Inclusion-Opening of Aadhaar Enabled Bank Accounts (AEBA)
RBI/2011-12/284 RPCD.CO.FID.BC.No.41 /12.01.011/2011-12 November 30, 2011 The Chairman/Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Financial Inclusion-Opening of Aadhaar Enabled Bank Accounts (AEBA). Please refer to our Circular@@NBSP@@ RPCD.CO.BC.FID No.16/12.01.019/2011-12 dated August 12, 2011 forwarding the Operational Guidelines on implementation of Electronic Benefit transfer (EBT) and its
RBI/2011-12/284 RPCD.CO.FID.BC.No.41 /12.01.011/2011-12 November 30, 2011 The Chairman/Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Financial Inclusion-Opening of Aadhaar Enabled Bank Accounts (AEBA). Please refer to our Circular@@NBSP@@ RPCD.CO.BC.FID No.16/12.01.019/2011-12 dated August 12, 2011 forwarding the Operational Guidelines on implementation of Electronic Benefit transfer (EBT) and its
ନଭେମ୍ବର 30, 2011
Prudential Guidelines on Credit Default Swaps (CDS)
RBI/2011-12/285 DBOD.BP.BC.No.61/21.06.203/2011‐12 November 30, 2011 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs and Local Area Banks) Dear Sir, Prudential Guidelines on Credit Default Swaps (CDS) Please refer to guidelines on single name Credit Default Swaps on corporate bonds issued vide Circular No. IDMD.PCD.No.5053/14.03.04/2010-11 dated May 23, 2011. As indicated in the paragraph 3.5 of the circu
RBI/2011-12/285 DBOD.BP.BC.No.61/21.06.203/2011‐12 November 30, 2011 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs and Local Area Banks) Dear Sir, Prudential Guidelines on Credit Default Swaps (CDS) Please refer to guidelines on single name Credit Default Swaps on corporate bonds issued vide Circular No. IDMD.PCD.No.5053/14.03.04/2010-11 dated May 23, 2011. As indicated in the paragraph 3.5 of the circu
ନଭେମ୍ବର 30, 2011
Credit Default Swaps (CDS) for Corporate Bonds-Reporting Platform
RBI/2011-12/286 IDMD.PCD.2302/14.03.04/2011-12 November 30, 2011 To All Market Participants Credit Default Swaps (CDS) for Corporate Bonds-Reporting Platform A reference is invited to our circular IDMD.PCD.No. 5053 /14.03.04/2010-11 dated May 23, 2011 enclosing the Guidelines on Credit Default Swaps (CDS) for Corporate Bondswherein it was indicated that Market-makers shall report their CDS trades with both users and other market-makers on the reporting platform of CDS
RBI/2011-12/286 IDMD.PCD.2302/14.03.04/2011-12 November 30, 2011 To All Market Participants Credit Default Swaps (CDS) for Corporate Bonds-Reporting Platform A reference is invited to our circular IDMD.PCD.No. 5053 /14.03.04/2010-11 dated May 23, 2011 enclosing the Guidelines on Credit Default Swaps (CDS) for Corporate Bondswherein it was indicated that Market-makers shall report their CDS trades with both users and other market-makers on the reporting platform of CDS
ନଭେମ୍ବର 29, 2011
Branch Authorization Policy - Relaxation- opening of Tier 2 branches under general permission
RBI/2011-12/283 DBOD.No.BL.BC. 60/22.01.001/2011-12 November 29, 2011 All Scheduled Commercial Banks (excluding RRBs) Madam/Dear Sir, Branch Authorization Policy – Relaxation- opening of Tier 2 branches under general permission Please refer to paragraphs 77 to 80 of the Second Quarter Review of Monetary Policy 2011-12 on the above subject (extract enclosed). To enhance the penetration of banking in rural and semi-urban areas, domestic scheduled commercial banks (exclu
RBI/2011-12/283 DBOD.No.BL.BC. 60/22.01.001/2011-12 November 29, 2011 All Scheduled Commercial Banks (excluding RRBs) Madam/Dear Sir, Branch Authorization Policy – Relaxation- opening of Tier 2 branches under general permission Please refer to paragraphs 77 to 80 of the Second Quarter Review of Monetary Policy 2011-12 on the above subject (extract enclosed). To enhance the penetration of banking in rural and semi-urban areas, domestic scheduled commercial banks (exclu
ନଭେମ୍ବର 25, 2011
Deregulation of Savings Bank Deposit Interest Rate
RBI/2011-12/281 UBD.BPD.(PCB)CIR No.13/13.01.000/2011-12 November 25, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate Please refer to our circular No.UBD.BPD.(PCB)CIR No.45/13.01.00/2010-11 dated May 3,@@NBSP@@ 2011 enclosing@@NBSP@@ a Directive @@NBSP@@UBD.BPD.DIR. No.3/13.01.00/2010-11 dated May 3, 2011 on interest rates on deposits. 2. As indicated in the Second Quarter Revi
RBI/2011-12/281 UBD.BPD.(PCB)CIR No.13/13.01.000/2011-12 November 25, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate Please refer to our circular No.UBD.BPD.(PCB)CIR No.45/13.01.00/2010-11 dated May 3,@@NBSP@@ 2011 enclosing@@NBSP@@ a Directive @@NBSP@@UBD.BPD.DIR. No.3/13.01.00/2010-11 dated May 3, 2011 on interest rates on deposits. 2. As indicated in the Second Quarter Revi
ନଭେମ୍ବର 24, 2011
RRBs - Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR (B) Deposits
RBI/2011-12/277 RPCD.CO.RRB.BC.No. 36/03.05.33 (C) /2011-12 November 24, 2011 The Chairmen All Regional Rural Banks Dear Sir, Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR (B) Deposits 1. Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 1 of our circular RPCD.CO.RRB.BC.No. 63/03.05.33(C) /2008-09 dated November 17, 2008 on Interest Rates on Deposits held in Non-Resident (External) Rupee (NRE) Accounts.
RBI/2011-12/277 RPCD.CO.RRB.BC.No. 36/03.05.33 (C) /2011-12 November 24, 2011 The Chairmen All Regional Rural Banks Dear Sir, Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR (B) Deposits 1. Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 1 of our circular RPCD.CO.RRB.BC.No. 63/03.05.33(C) /2008-09 dated November 17, 2008 on Interest Rates on Deposits held in Non-Resident (External) Rupee (NRE) Accounts.
ନଭେମ୍ବର 24, 2011
Interest Rates on FCNR(B) deposits - UCBs
RBI/2011-12/280 UBD.BPD.AD.CIR No. 4/13.01.000/2011-12 November 24, 2011 The Chief Executive Officers All AD Category-I UCBs Dear Sir/Madam Interest Rates on FCNR(B) deposits - UCBs Please refer to our circular UBD.BPD.AD.Cir No.26/13.01.000/2008-09 dated November 17, 2008 on the captioned subject. 2. In view of the prevailing market conditions, it has been decided that until further notice and with effect from close of business in India as on November 23, 2011, the i
RBI/2011-12/280 UBD.BPD.AD.CIR No. 4/13.01.000/2011-12 November 24, 2011 The Chief Executive Officers All AD Category-I UCBs Dear Sir/Madam Interest Rates on FCNR(B) deposits - UCBs Please refer to our circular UBD.BPD.AD.Cir No.26/13.01.000/2008-09 dated November 17, 2008 on the captioned subject. 2. In view of the prevailing market conditions, it has been decided that until further notice and with effect from close of business in India as on November 23, 2011, the i
ନଭେମ୍ବର 24, 2011
StCBs/DCCBs - Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account
RBI/2011-12/276 RPCD CO. RCBD. BC. No. 34 /07.38.03/2011-12 November 24, 2011 The Chairmen/Chief Executives of All State and Central Co-operative Banks Dear Sir Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account Please refer to our circular RPCD.CO.RF. BC No. 78/07.38.03 / 2005-06 dated April 27, 2006 in terms of which banks are prohibited from crediting 'account payee' cheques to the account of any person other than the pay
RBI/2011-12/276 RPCD CO. RCBD. BC. No. 34 /07.38.03/2011-12 November 24, 2011 The Chairmen/Chief Executives of All State and Central Co-operative Banks Dear Sir Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account Please refer to our circular RPCD.CO.RF. BC No. 78/07.38.03 / 2005-06 dated April 27, 2006 in terms of which banks are prohibited from crediting 'account payee' cheques to the account of any person other than the pay
ନଭେମ୍ବର 24, 2011
Interest Rates on Non-Resident (External) Rupee (NRE) Deposits - UCBs
RBI/2011-12/279 UBD.BPD. (PCB) CIR No. 12/13.01.000/2011-12 November 24, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam Interest Rates on Non-Resident (External) Rupee (NRE) Deposits - UCBs Please refer to our circular UBD(PCB) CO BPD Cir No.25/13.01.000/2008-09 dated November 17, 2008 on the captioned subject. 2. In view of the prevailing market conditions, it has been decided that until further notice and with effect from clo
RBI/2011-12/279 UBD.BPD. (PCB) CIR No. 12/13.01.000/2011-12 November 24, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam Interest Rates on Non-Resident (External) Rupee (NRE) Deposits - UCBs Please refer to our circular UBD(PCB) CO BPD Cir No.25/13.01.000/2008-09 dated November 17, 2008 on the captioned subject. 2. In view of the prevailing market conditions, it has been decided that until further notice and with effect from clo
ନଭେମ୍ବର 23, 2011
Deregulation of Savings Bank Deposit Interest Rate - Guidelines
RBI/2011-12/272A RPCD.CO.RRB.BC.No.33/ 03.05.33/2011-12 November 23, 2011 All Regional Rural Banks Dear Sir, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circular RPCD.CO.RRB.BC.No.68/03.05.33/2010-11 dated May 3, 2011. 2. As indicated in the Second Quarter Review of Monetary Policy announced on October 25, 2011, it has been decided to deregulate the savings bank deposit interest rate with immediate effect. Accordingly, the follo
RBI/2011-12/272A RPCD.CO.RRB.BC.No.33/ 03.05.33/2011-12 November 23, 2011 All Regional Rural Banks Dear Sir, Deregulation of Savings Bank Deposit Interest Rate - Guidelines Please refer to our circular RPCD.CO.RRB.BC.No.68/03.05.33/2010-11 dated May 3, 2011. 2. As indicated in the Second Quarter Review of Monetary Policy announced on October 25, 2011, it has been decided to deregulate the savings bank deposit interest rate with immediate effect. Accordingly, the follo
ନଭେମ୍ବର 23, 2011
Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) Deposits
RBI/2011-12/275 DBOD.Dir.BC. 59/13.03.00/2011-12 November 23, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) Deposits 1. Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 1 of our circular DBOD.No.Dir.BC.82/13.03.00/2008-09 dated November 15, 2008 on Interest Rates on Deposits held in Non-Resident (External) Rupee (NRE) Accounts. In vi
RBI/2011-12/275 DBOD.Dir.BC. 59/13.03.00/2011-12 November 23, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) Deposits 1. Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 1 of our circular DBOD.No.Dir.BC.82/13.03.00/2008-09 dated November 15, 2008 on Interest Rates on Deposits held in Non-Resident (External) Rupee (NRE) Accounts. In vi
ନଭେମ୍ବର 22, 2011
StCBs/DCCBs - Payment of Cheques/Drafts/Pay Orders/Banker's Cheques
RBI/2011-12/270 RPCD.CO RCB. AML.BC.No.32/07.40.00/2011-12 November 22, 2011 The Chairmen / CEOs of All State and Central Co-operative Banks Dear Sir, Payment of Cheques/Drafts/Pay Orders/Banker's Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from the date of the instrument. 2. It has been brought to the notice of Reserve Bank by Government of In
RBI/2011-12/270 RPCD.CO RCB. AML.BC.No.32/07.40.00/2011-12 November 22, 2011 The Chairmen / CEOs of All State and Central Co-operative Banks Dear Sir, Payment of Cheques/Drafts/Pay Orders/Banker's Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from the date of the instrument. 2. It has been brought to the notice of Reserve Bank by Government of In
ନଭେମ୍ବର 21, 2011
Frauds - Classification and Reporting
RBI 2011-12/266 DBS.FrMC.BC.No.4/23.04.001/2011-12 November 21, 2011 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir, Frauds – Classification and Reporting Please refer to our letter DBS. FrMC. BC. No.1 /23.04.001/2011-12 dated July 01, 2011 forwarding the Master Circular on 'Frauds – Classification and Reporting'. 2. Following the constitution of Financial Conglomerate
RBI 2011-12/266 DBS.FrMC.BC.No.4/23.04.001/2011-12 November 21, 2011 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir, Frauds – Classification and Reporting Please refer to our letter DBS. FrMC. BC. No.1 /23.04.001/2011-12 dated July 01, 2011 forwarding the Master Circular on 'Frauds – Classification and Reporting'. 2. Following the constitution of Financial Conglomerate
ନଭେମ୍ବର 21, 2011
Banks as sponsors to Infrastructure Debt Funds
RBI/2011-12/269 DBOD.FSD.BC.No. 57/24.01.006/2011-12 November 21, 2011 The Chairmen and Managing Directors / Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Banks as sponsors to Infrastructure Debt Funds (IDFs) In order to accelerate and enhance the flow of long term funds to infrastructure projects for undertaking the Government’s ambitious programme of infrastructure development, Union Finance Minister in his budget speech for 2
RBI/2011-12/269 DBOD.FSD.BC.No. 57/24.01.006/2011-12 November 21, 2011 The Chairmen and Managing Directors / Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Banks as sponsors to Infrastructure Debt Funds (IDFs) In order to accelerate and enhance the flow of long term funds to infrastructure projects for undertaking the Government’s ambitious programme of infrastructure development, Union Finance Minister in his budget speech for 2
ନଭେମ୍ବର 18, 2011
Direct Access to Negotiated Dealing System-Order Matching (NDS-OM)
RBI/2011-12/265 IDMD.DOD.No.13 /10.25.66/2011-12 November 18, 2011 To All SGL/CSGL Account holders, Dear Sir/Madam, Direct Access to Negotiated Dealing System-Order Matching (NDS-OM) Please refer to our circular IDMD.DOD.No. 5893 /10.25.66/ 2007-08 dated May 27, 2008 on access to NDS-OM. 2. With a view to widening the secondary market in Government Securities to more number of participants, it has been decided to extend direct access to NDS-OM to licensed Urban Co-ope
RBI/2011-12/265 IDMD.DOD.No.13 /10.25.66/2011-12 November 18, 2011 To All SGL/CSGL Account holders, Dear Sir/Madam, Direct Access to Negotiated Dealing System-Order Matching (NDS-OM) Please refer to our circular IDMD.DOD.No. 5893 /10.25.66/ 2007-08 dated May 27, 2008 on access to NDS-OM. 2. With a view to widening the secondary market in Government Securities to more number of participants, it has been decided to extend direct access to NDS-OM to licensed Urban Co-ope
ନଭେମ୍ବର 17, 2011
NEFT - Access Criteria for Regional Rural Banks (RRBs)
RBI/2011-12/263 DPSS (CO) EPPD No. /838/04.03.01/2011-12 November 17, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks / Regional Rural Banks Madam / Dear Sir, NEFT - Access Criteria for Regional Rural Banks (RRBs) Please refer to our circular DPSS.CO.OD. 494 / 04.04.009 / 2011-12 dated September 21, 2011 laying down the access criteria for payment systems. We have been receiving many queries from banks on applicability
RBI/2011-12/263 DPSS (CO) EPPD No. /838/04.03.01/2011-12 November 17, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks / Regional Rural Banks Madam / Dear Sir, NEFT - Access Criteria for Regional Rural Banks (RRBs) Please refer to our circular DPSS.CO.OD. 494 / 04.04.009 / 2011-12 dated September 21, 2011 laying down the access criteria for payment systems. We have been receiving many queries from banks on applicability
ନଭେମ୍ବର 16, 2011
RRBs - Payment of Cheques/Drafts/Pay Orders/Banker's Cheques
RBI/2011-12/260 RPCD.CO RRB. AML.BC.NO. 31 /03.05.33(E)/2011-12 November 16, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Payment of Cheques/Drafts/Pay Orders/Banker's Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from the date of the instrument. 2. It has been brought to the notice of Reserve Bank by Government of India that some
RBI/2011-12/260 RPCD.CO RRB. AML.BC.NO. 31 /03.05.33(E)/2011-12 November 16, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Payment of Cheques/Drafts/Pay Orders/Banker's Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from the date of the instrument. 2. It has been brought to the notice of Reserve Bank by Government of India that some
ନଭେମ୍ବର 15, 2011
Interest Rates on Export Credit in Foreign Currency
RBI/2011-12/258 DBOD.DIR.No. 52 /04.02.001/2011-12 November 15, 2011 All Scheduled Commercial Banks Dear Sir/Madam, Interest Rates on Export Credit in Foreign Currency Please refer to our circular DBOD.DIR.(Exp).No.76/04.02.001/2009-10 dated February 19, 2010 as also paragraph 7 of Master Circular on Rupee/Foreign Currency Export Credit and Customer Service to Exporters dated July 01, 2011@@NBSP@@ relating to export credit in foreign currency. 2. Keeping in view the t
RBI/2011-12/258 DBOD.DIR.No. 52 /04.02.001/2011-12 November 15, 2011 All Scheduled Commercial Banks Dear Sir/Madam, Interest Rates on Export Credit in Foreign Currency Please refer to our circular DBOD.DIR.(Exp).No.76/04.02.001/2009-10 dated February 19, 2010 as also paragraph 7 of Master Circular on Rupee/Foreign Currency Export Credit and Customer Service to Exporters dated July 01, 2011@@NBSP@@ relating to export credit in foreign currency. 2. Keeping in view the t
ନଭେମ୍ବର 11, 2011
RRBs - Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account
RBI/2011-12/256 RPCD.CO.RRB.BC.No. 30 /03.05.33/2011-12 @@NBSP@@ November 11, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account Please refer to our circular RPCD. CO. RF. BC. No. 78 / 07.38.03 / 2005-06 dated April 27, 2006 in terms of which RRBs are prohibited from crediting 'account payee' cheque to the account of any person other than the payee named therein. 2.
RBI/2011-12/256 RPCD.CO.RRB.BC.No. 30 /03.05.33/2011-12 @@NBSP@@ November 11, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account Please refer to our circular RPCD. CO. RF. BC. No. 78 / 07.38.03 / 2005-06 dated April 27, 2006 in terms of which RRBs are prohibited from crediting 'account payee' cheque to the account of any person other than the payee named therein. 2.
ନଭେମ୍ବର 09, 2011
Scheme of 1% interest subvention on housing loans upto Rs. 10 lakh - Guidelines
RBI/2011-12/255 RPCD.MSME & NFS. BC.No. 29/06.11.01/2011-2012 November 4, 2011 The Chairman / Managing Director All Scheduled Commercial Banks (excluding RRBs) Madam/ Dear Sir, Scheme of 1% interest subvention on housing loans upto Rs. 10 lakh – Guidelines Please refer to our circular RPCD.SME & NFS. BC. No. 62/06.11.01/2010-11 dated April 21, 2011 on the captioned subject. In this connection, it is now clarified as under: a)@@NBSP@@@@NBSP@@ The Scheme is exte
RBI/2011-12/255 RPCD.MSME & NFS. BC.No. 29/06.11.01/2011-2012 November 4, 2011 The Chairman / Managing Director All Scheduled Commercial Banks (excluding RRBs) Madam/ Dear Sir, Scheme of 1% interest subvention on housing loans upto Rs. 10 lakh – Guidelines Please refer to our circular RPCD.SME & NFS. BC. No. 62/06.11.01/2010-11 dated April 21, 2011 on the captioned subject. In this connection, it is now clarified as under: a)@@NBSP@@@@NBSP@@ The Scheme is exte
ନଭେମ୍ବର 09, 2011
UCBs - PMLA, 2002 - Reporting to FIU-India- Reporting Format under Project FINnet
RBI/2011-2012/254 UBD. CO. BPD. No.10/12.05.001 / 2011-12 November 9, 2011 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Prevention of Money Laundering Act, 2002 (PMLA) and Rules thereunder -Reporting of CTR,STR etc to FIU-India– Reporting Format under Project FINnet Please refer to para 3 of our circular UBD. CO. BPD (PCB) No. 1/12.05.001/2008-09 dated July 2, 2008 advising banks to file the various reports such as CTR / STR with th
RBI/2011-2012/254 UBD. CO. BPD. No.10/12.05.001 / 2011-12 November 9, 2011 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Prevention of Money Laundering Act, 2002 (PMLA) and Rules thereunder -Reporting of CTR,STR etc to FIU-India– Reporting Format under Project FINnet Please refer to para 3 of our circular UBD. CO. BPD (PCB) No. 1/12.05.001/2008-09 dated July 2, 2008 advising banks to file the various reports such as CTR / STR with th
ନଭେମ୍ବର 09, 2011
UCBs - KYC Norms - Letter issued by UIDAI containing details of name, address and Aadhaar number
RBI/2011-12/253 UBD. BPD. (PCB) No. 8/12.05.001/2011-12 November 9, 2011 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir, Know Your Customer Norms – Letter issued by Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number Please refer to circular UBD. BPD. (PCB). No. 38 / 12.05.001/2010-11 dated March 15, 2011 enclosing a copy of the Government of India Notification No. 14/2010/F.No. 6/2/2007-
RBI/2011-12/253 UBD. BPD. (PCB) No. 8/12.05.001/2011-12 November 9, 2011 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir, Know Your Customer Norms – Letter issued by Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number Please refer to circular UBD. BPD. (PCB). No. 38 / 12.05.001/2010-11 dated March 15, 2011 enclosing a copy of the Government of India Notification No. 14/2010/F.No. 6/2/2007-
ନଭେମ୍ବର 04, 2011
Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account
RBI/2011-12/ 252 DBOD.BP.BC.No. 50 / 21.01.001/2011-12 November 4, 2011 The Chairmen/Chief Executives of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account Please refer to our circular DBOD.BP.BC.No.56/21.01.001/2005-06 dated January 23, 2006 in terms of which banks are prohibited from crediting 'account payee' cheques to the account of any person other than the payee
RBI/2011-12/ 252 DBOD.BP.BC.No. 50 / 21.01.001/2011-12 November 4, 2011 The Chairmen/Chief Executives of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Collection of Account Payee Cheques - Prohibition on Crediting Proceeds to Third Party Account Please refer to our circular DBOD.BP.BC.No.56/21.01.001/2005-06 dated January 23, 2006 in terms of which banks are prohibited from crediting 'account payee' cheques to the account of any person other than the payee
ନଭେମ୍ବର 04, 2011
Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques
RBI/2011-12/251 DBOD.AML BC.No.47/14.01.001/2011-12 November 4, 2011 The Chairmen/Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs)/Local Area Banks Dear Sir, Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from the date of the instrument. 2.@@NBSP@@ It has been brought to the not
RBI/2011-12/251 DBOD.AML BC.No.47/14.01.001/2011-12 November 4, 2011 The Chairmen/Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs)/Local Area Banks Dear Sir, Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment within a period of six months from the date of the instrument. 2.@@NBSP@@ It has been brought to the not
ନଭେମ୍ବର 04, 2011
Issue of Demand Drafts for Rs. 20,000/- and above
RBI/2011-12/250 DBOD.BP.BC. No.@@NBSP@@49/21.01.001/2011-12 November 4, 2011 The Chairmen / Chief Executives of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Issue of Demand Drafts for Rs. 20,000/- and above As banks are aware, instruments with account payee crossing are required to be credited to the payee's account and not paid in cash over the counter. However, some unscrupulous elements use demand drafts without any crossing for transfer of money as an
RBI/2011-12/250 DBOD.BP.BC. No.@@NBSP@@49/21.01.001/2011-12 November 4, 2011 The Chairmen / Chief Executives of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Issue of Demand Drafts for Rs. 20,000/- and above As banks are aware, instruments with account payee crossing are required to be credited to the payee's account and not paid in cash over the counter. However, some unscrupulous elements use demand drafts without any crossing for transfer of money as an
ନଭେମ୍ବର 04, 2011
Customer Service - Non-Issuance of Passbooks to Savings Bank Accountholders (Individuals)
RBI/2011-12/249 DBOD No. Leg. BC 48 /09.07.005/2011-12 November 4, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Customer Service - Non-Issuance of Passbooks to Savings Bank Accountholders (Individuals) Please refer to our circular DBOD. No. Leg.BC.32/09.07.005/2006-07 dated October 4, 2006 on the captioned subject wherein banks were advised to invariably offer pass book facility to all its savings banks account holders (individuals) and in case banks
RBI/2011-12/249 DBOD No. Leg. BC 48 /09.07.005/2011-12 November 4, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Customer Service - Non-Issuance of Passbooks to Savings Bank Accountholders (Individuals) Please refer to our circular DBOD. No. Leg.BC.32/09.07.005/2006-07 dated October 4, 2006 on the captioned subject wherein banks were advised to invariably offer pass book facility to all its savings banks account holders (individuals) and in case banks
ନଭେମ୍ବର 04, 2011
Repayment of Term/Fixed Deposits in banks
RBI/2011-12/248 DBOD No. Leg BC 46/09.07.005/2011-12 November 4, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Repayment of Term/Fixed Deposits in banks It has come to our notice that some banks insist on the signatures of both the depositors to allow repayment of money in fixed/term deposits, though the deposit account is opened with operating instructions (sometimes called ‘repayment instructions’), ‘Either or Survivor’ or ‘Former or Survivor’. Such
RBI/2011-12/248 DBOD No. Leg BC 46/09.07.005/2011-12 November 4, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Repayment of Term/Fixed Deposits in banks It has come to our notice that some banks insist on the signatures of both the depositors to allow repayment of money in fixed/term deposits, though the deposit account is opened with operating instructions (sometimes called ‘repayment instructions’), ‘Either or Survivor’ or ‘Former or Survivor’. Such
ନଭେମ୍ବର 04, 2011
Interest Rates on Rupee Export Credit - UCBs
RBI/2011-12/246 UBD.BPD (AD) Cir.No.3/13.05.000/2011-12 November 3, 2011 The Chief Executive Officer Scheduled Primary (Urban) Co-operative Banks (holding AD Category I licence) Madam / Dear Sir Interest Rates on Rupee Export Credit - UCBs Please refer to@@NBSP@@ circular UBD.BPD.(PCB) Cir. No. 5/13.05.000/2010-11 dated January 11, 2011 extending the interest subvention on rupee export credit on specified export sectors till March 31, 2011. 2. Government of India has
RBI/2011-12/246 UBD.BPD (AD) Cir.No.3/13.05.000/2011-12 November 3, 2011 The Chief Executive Officer Scheduled Primary (Urban) Co-operative Banks (holding AD Category I licence) Madam / Dear Sir Interest Rates on Rupee Export Credit - UCBs Please refer to@@NBSP@@ circular UBD.BPD.(PCB) Cir. No. 5/13.05.000/2010-11 dated January 11, 2011 extending the interest subvention on rupee export credit on specified export sectors till March 31, 2011. 2. Government of India has
ନଭେମ୍ବର 03, 2011
Guidelines on Commercial Real Estate (CRE)
RBI/2011-12/245 DBOD.BP.BC.No. 45 /08.12.015/2011-12 November 3, 2011 All Scheduled Commercial Banks (excluding RRBs ) Dear Sir, Guidelines on Commercial Real Estate (CRE) Please refer to the circular DBOD.No.Dir.(Hsg).BC.31/08.12.001/2009-10 dated August 27, 2009 on ‘Finance for Housing Projects’. Banks were advised, inter-alia, to stipulate a clause, in the terms and conditions of granting finance to specific housing/development projects, regarding disclosure of mor
RBI/2011-12/245 DBOD.BP.BC.No. 45 /08.12.015/2011-12 November 3, 2011 All Scheduled Commercial Banks (excluding RRBs ) Dear Sir, Guidelines on Commercial Real Estate (CRE) Please refer to the circular DBOD.No.Dir.(Hsg).BC.31/08.12.001/2009-10 dated August 27, 2009 on ‘Finance for Housing Projects’. Banks were advised, inter-alia, to stipulate a clause, in the terms and conditions of granting finance to specific housing/development projects, regarding disclosure of mor
ନଭେମ୍ବର 02, 2011
Comprehensive Guidelines on Derivatives: Modifications
RBI/2011-12/243 DBOD.No.BP.BC. @@NBSP@@44 /21.04.157/2011-12 November 2, 2011 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs), All India Term-Lending & Refinancing Institutions & Primary Dealers Dear Sir, Comprehensive Guidelines on Derivatives: Modifications Please refer to our Circular DBOD No.BP.BC.86/21.04.157/2006-07 dated April 20, 2007 on Comprehensive Guidelines on Derivatives. T
RBI/2011-12/243 DBOD.No.BP.BC. @@NBSP@@44 /21.04.157/2011-12 November 2, 2011 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs), All India Term-Lending & Refinancing Institutions & Primary Dealers Dear Sir, Comprehensive Guidelines on Derivatives: Modifications Please refer to our Circular DBOD No.BP.BC.86/21.04.157/2006-07 dated April 20, 2007 on Comprehensive Guidelines on Derivatives. T
ନଭେମ୍ବର 01, 2011
Deferred Payment Protocols between Government of India and erstwhile USSR
RBI/2011-12/240 A.P. (DIR Series) Circular No. 39 November 01, 2011 To, All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.10 dated September 07, 2011, wherein the Rupee value of the special currency basket was indicated as Rs.66.9682 effective
RBI/2011-12/240 A.P. (DIR Series) Circular No. 39 November 01, 2011 To, All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.10 dated September 07, 2011, wherein the Rupee value of the special currency basket was indicated as Rs.66.9682 effective
ଅକ୍ଟୋବର 31, 2011
Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)
RBI/2011-12/239 DBOD.Dir.BC. 43 /13.03.00/2011-12 October 31, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs) Please refer to our circular No. DBOD.Dir.BC.46 /13.03.00/2010-11 dated September 30, 2010@@NBSP@@in terms of which certain risk mitigation measures were prescribed in the context of banks issuing IPCs to various Stock Exchanges on behalf of Mutual Funds a
RBI/2011-12/239 DBOD.Dir.BC. 43 /13.03.00/2011-12 October 31, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs) Please refer to our circular No. DBOD.Dir.BC.46 /13.03.00/2010-11 dated September 30, 2010@@NBSP@@in terms of which certain risk mitigation measures were prescribed in the context of banks issuing IPCs to various Stock Exchanges on behalf of Mutual Funds a
ଅକ୍ଟୋବର 31, 2011
UCBs -Revision in Limits of Housing Loans and Repayment Period
RBI/2011-12/238 UBD.BPD.(PCB). Cir.No.7/09.22.010/2011-12 October 31, 2011 The Chief Executive Officer, All Primary (Urban) Co-operative Banks. Dear Sir / Madam, Revision in Limits of Housing Loans and Repayment Period - Second Quarter Review of Monetary Policy 2011-12 Please refer to Circular UBD.PCB.Cir.No.42/09.09.001/08-09 dated May 15, 2008 on Revision of Individual Housing Loan Limits and para 4(iii) of Circular UBD.P&O.108/UB.31-88/89 dated April 5, 1989 is
RBI/2011-12/238 UBD.BPD.(PCB). Cir.No.7/09.22.010/2011-12 October 31, 2011 The Chief Executive Officer, All Primary (Urban) Co-operative Banks. Dear Sir / Madam, Revision in Limits of Housing Loans and Repayment Period - Second Quarter Review of Monetary Policy 2011-12 Please refer to Circular UBD.PCB.Cir.No.42/09.09.001/08-09 dated May 15, 2008 on Revision of Individual Housing Loan Limits and para 4(iii) of Circular UBD.P&O.108/UB.31-88/89 dated April 5, 1989 is
ଅକ୍ଟୋବର 25, 2011
Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2011-12/232 MPD.BC. 350/07.01.279/2011-12 October 25, 2011 To All Scheduled Banks [excluding Regional Rural Banks(RRBs) ] and Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities for Banks and Primary Dealers Please refer to the Second Quarter Review of Monetary Policy 2011-12 on October 25, 2011, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points from 8.25 per cent to 8.50 per cent with imm
RBI/2011-12/232 MPD.BC. 350/07.01.279/2011-12 October 25, 2011 To All Scheduled Banks [excluding Regional Rural Banks(RRBs) ] and Primary Dealers Dear Sir/Madam, Standing Liquidity Facilities for Banks and Primary Dealers Please refer to the Second Quarter Review of Monetary Policy 2011-12 on October 25, 2011, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points from 8.25 per cent to 8.50 per cent with imm
ଅକ୍ଟୋବର 25, 2011
Liquidity Adjustment Facility - Repo and Reverse Repo and Marginal Standing Facility Rates
RBI/2011-2012/231 FMD.MOAG. No.64/01.01.01/2011-12 October 25, 2011 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Repo and Reverse Repo and Marginal Standing Facility Rates As announced today by the Governor in the Second Quarter Review of the Monetary Policy 2011-12, it has been decided to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 8.25 per cent to 8.50 p
RBI/2011-2012/231 FMD.MOAG. No.64/01.01.01/2011-12 October 25, 2011 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Repo and Reverse Repo and Marginal Standing Facility Rates As announced today by the Governor in the Second Quarter Review of the Monetary Policy 2011-12, it has been decided to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 8.25 per cent to 8.50 p
ଅକ୍ଟୋବର 25, 2011
SGL and CSGL Accounts - Eligibility Criteria and Operational Guidelines
RBI/2011-12/230 UBD.CO.(PCB).BPD.Cir. 6/09.11.00/2011-12 October@@NBSP@@ 25, 2011 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, SGL and CSGL Accounts – Eligibility Criteria and Operational Guidelines Please refer to our circulars UBD.BPD.(PCB).Cir.24/12.05.001/2010-11 dated November 16, 2010 and UBD.CO.(PCB).BPD.Cir.52/09.11.00/2009-10 dated April 5, 2010 in terms of which all UCBs were advised @@NBSP@@the eligibility criteri
RBI/2011-12/230 UBD.CO.(PCB).BPD.Cir. 6/09.11.00/2011-12 October@@NBSP@@ 25, 2011 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir / Madam, SGL and CSGL Accounts – Eligibility Criteria and Operational Guidelines Please refer to our circulars UBD.BPD.(PCB).Cir.24/12.05.001/2010-11 dated November 16, 2010 and UBD.CO.(PCB).BPD.Cir.52/09.11.00/2009-10 dated April 5, 2010 in terms of which all UCBs were advised @@NBSP@@the eligibility criteri
ଅକ୍ଟୋବର 25, 2011
Deregulation of Savings Bank Deposit Interest Rate - Guidelines
RBI/2011-12/233 DBOD.Dir.BC. 42/13.03.00/2011-12 October 25, 2011 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate - Guidelines 1. Please refer to our Directive DBOD.Dir.BC.89/13.03.00/2010-11 dated May 3, 2011. 2. As indicated in the Second Quarter Review of Monetary Policy announced on October 25, 2011, it has been decided to deregulate the savings bank deposit interest rate with immediate effect. Acc
RBI/2011-12/233 DBOD.Dir.BC. 42/13.03.00/2011-12 October 25, 2011 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate - Guidelines 1. Please refer to our Directive DBOD.Dir.BC.89/13.03.00/2010-11 dated May 3, 2011. 2. As indicated in the Second Quarter Review of Monetary Policy announced on October 25, 2011, it has been decided to deregulate the savings bank deposit interest rate with immediate effect. Acc
ଅକ୍ଟୋବର 25, 2011
Second Quarter Review of Monetary Policy 2011-12
By Dr. D. Subbarao Governor Introduction From a macroeconomic perspective, the last quarter witnessed significant developments, both globally and domestically. Growth momentum in the US and the euro area economies has weakened. In the euro area, macroeconomic prospects are intimately tied in to its ability to credibly resolve its sovereign debt and financial sector problems. In turn, trade and financial linkages increase the risks of euro area instability transmitting
By Dr. D. Subbarao Governor Introduction From a macroeconomic perspective, the last quarter witnessed significant developments, both globally and domestically. Growth momentum in the US and the euro area economies has weakened. In the euro area, macroeconomic prospects are intimately tied in to its ability to credibly resolve its sovereign debt and financial sector problems. In turn, trade and financial linkages increase the risks of euro area instability transmitting
ଅକ୍ଟୋବର 19, 2011
Credit Default Swaps - Derivative under RBI Act, 1934
RBI/2011-12/227 IDMD.PCD. 11 /14.03.04/2011-12 October 19, 2011 All market participants Dear Sir/Madam, Notification of Credit Default Swaps as a derivative under Reserve Bank of India Act, 1934 Reserve Bank of India having considered it necessary in public interest and to regulate the financial system of the country to its advantage, in exercise of powers conferred under Sections 45 U (a) and 45 V of the RBI Act, 1934 has issued notification specifying Credit Default
RBI/2011-12/227 IDMD.PCD. 11 /14.03.04/2011-12 October 19, 2011 All market participants Dear Sir/Madam, Notification of Credit Default Swaps as a derivative under Reserve Bank of India Act, 1934 Reserve Bank of India having considered it necessary in public interest and to regulate the financial system of the country to its advantage, in exercise of powers conferred under Sections 45 U (a) and 45 V of the RBI Act, 1934 has issued notification specifying Credit Default
ଅକ୍ଟୋବର 17, 2011
KYC - Letter issued by UIDAI containing details of name, address and Aadhaar number
RBI/2011-12/223 RPCD.CO.RCB.AML.BC.No.23/07.40.00/2011-12 October 17, 2011 The Chairmen / CEOs of All State and Central Co-operative Banks Dear Sir, Know Your Customer Norms – Letter issued by Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number Please refer to the Government of India Notification No.14/2010/F.No.6/2/2007-ES dated December 16, 2010 which recognises the letter issued by Unique Identification Authority
RBI/2011-12/223 RPCD.CO.RCB.AML.BC.No.23/07.40.00/2011-12 October 17, 2011 The Chairmen / CEOs of All State and Central Co-operative Banks Dear Sir, Know Your Customer Norms – Letter issued by Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number Please refer to the Government of India Notification No.14/2010/F.No.6/2/2007-ES dated December 16, 2010 which recognises the letter issued by Unique Identification Authority
ଅକ୍ଟୋବର 14, 2011
Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 - Rabobank International (Coöperatieve Centrale Raiffeisen - Boerenleenbank B.A.)
RBI/2011-12/222 DBOD. No.Ret. BC. 40 /12.06.131 /2011-12 October 14, 2011 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Rabobank International (Coöperatieve Centrale Raiffeisen – Boerenleenbank B.A.) We advise that the name of “Rabobank International (Coöperatieve Centrale Raiffeisen – Boerenleenbank B.A.)” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notificatio
RBI/2011-12/222 DBOD. No.Ret. BC. 40 /12.06.131 /2011-12 October 14, 2011 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Rabobank International (Coöperatieve Centrale Raiffeisen – Boerenleenbank B.A.) We advise that the name of “Rabobank International (Coöperatieve Centrale Raiffeisen – Boerenleenbank B.A.)” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notificatio
ଅକ୍ଟୋବର 13, 2011
Know your Customer Norms - Letter issued by Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number
RBI/2011-12/218 RPCD.CO RRB.AML.BC No. 21/03.05.33(E)/2011-12 October 13, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Know your Customer Norms – Letter issued by Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number Please refer to the Government of India Notification No. 14/2010/F.No. 6/2/2007-ES dated December 16, 2010 which recognises the letter issued by Unique Identification Authority of India (UID
RBI/2011-12/218 RPCD.CO RRB.AML.BC No. 21/03.05.33(E)/2011-12 October 13, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Know your Customer Norms – Letter issued by Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number Please refer to the Government of India Notification No. 14/2010/F.No. 6/2/2007-ES dated December 16, 2010 which recognises the letter issued by Unique Identification Authority of India (UID
ଅକ୍ଟୋବର 13, 2011
Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Revision of Rating Symbols and Definitions of Credit Rating Agencies
RBI/2011-12/217 DBOD.No.BP.BC. 39 /21.06.007/2011-12 October 13, 2011 The Chairman / CMD / MD / CEO All Scheduled Commercial Banks (excluding LABs and RRBs) Dear Sir, Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Revision of Rating Symbols and Definitions of Credit Rating Agencies Please refer to the Master Circular No. DBOD.No.BP.BC.11/21.06.001/2010-11 dated July 1, 2011 on 'Prudential Guidelines on Capital
RBI/2011-12/217 DBOD.No.BP.BC. 39 /21.06.007/2011-12 October 13, 2011 The Chairman / CMD / MD / CEO All Scheduled Commercial Banks (excluding LABs and RRBs) Dear Sir, Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Revision of Rating Symbols and Definitions of Credit Rating Agencies Please refer to the Master Circular No. DBOD.No.BP.BC.11/21.06.001/2010-11 dated July 1, 2011 on 'Prudential Guidelines on Capital
ଅକ୍ଟୋବର 05, 2011
Domestic Money Transfer - Relaxations
RBI/2011-12/213 DPSS.PD.CO.No. 622/02.27.019/2011-2012 October 5, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Authorised Card Payment Networks Madam / Dear Sir Domestic Money Transfer- Relaxations At present only banks are permitted to initiate money transfers in the country subject to adherence of KYC/AML guid
RBI/2011-12/213 DPSS.PD.CO.No. 622/02.27.019/2011-2012 October 5, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/Authorised Card Payment Networks Madam / Dear Sir Domestic Money Transfer- Relaxations At present only banks are permitted to initiate money transfers in the country subject to adherence of KYC/AML guid
ଅକ୍ଟୋବର 04, 2011
Calendar of Reviews for Board/Local Management Committee of foreign banks
RBI/2011-12/212 DBS. ARS.BC. No. 03 / 08.91.020/ 2011-12 October 4, 2011 The Chief Executives All foreign banks operating in India Dear Sir/Madam, Calendar of Reviews for Board/Local Management Committee of foreign banks Reserve Bank of India vide its circular DBS.ARS.BC. No. 4/ 08.91.020/ 2010-11 dated November 10, 2010 has issued instructions to Indian public and private sector banks regarding a comprehensive calendar of reviews to be placed before the Audit Committ
RBI/2011-12/212 DBS. ARS.BC. No. 03 / 08.91.020/ 2011-12 October 4, 2011 The Chief Executives All foreign banks operating in India Dear Sir/Madam, Calendar of Reviews for Board/Local Management Committee of foreign banks Reserve Bank of India vide its circular DBS.ARS.BC. No. 4/ 08.91.020/ 2010-11 dated November 10, 2010 has issued instructions to Indian public and private sector banks regarding a comprehensive calendar of reviews to be placed before the Audit Committ
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ପେଜ୍ ଅନ୍ତିମ ଅପଡେଟ୍ ହୋଇଛି: ଜୁଲାଇ 30, 2025
