Notifications - Regulating Commercial Banking - ଆରବିଆଇ - Reserve Bank of India
notifications
ଅପ୍ରେଲ 20, 2007
Comprehensive Guidelines on Derivatives
RBI/2006-2007/333DBOD.No.BP.BC. 86/21.04.157/2006-07April 20, 2007Chairmen/ Chief Executive OfficersAll Commercial Banks (excluding RRBs),All India Term-Lending & Refinancing Institutions &Primary Dealers@@NBSP@@Dear Sir,Comprehensive Guidelines on DerivativesAs indicated in paragraph 137 of the Mid-term Review of Annual Policy for year 2006-07, an Internal Group was constituted by the Reserve Bank to review the existing guidelines on derivatives and formulate
RBI/2006-2007/333DBOD.No.BP.BC. 86/21.04.157/2006-07April 20, 2007Chairmen/ Chief Executive OfficersAll Commercial Banks (excluding RRBs),All India Term-Lending & Refinancing Institutions &Primary Dealers@@NBSP@@Dear Sir,Comprehensive Guidelines on DerivativesAs indicated in paragraph 137 of the Mid-term Review of Annual Policy for year 2006-07, an Internal Group was constituted by the Reserve Bank to review the existing guidelines on derivatives and formulate
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ଅପ୍ରେଲ 20, 2007
Compliance function in banks
RBI/2006-2007/335 Ref. DBS. CO.PP.BC 6/11.01.005/2006-07 April 20, 2007 The Chairman / CEO All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Compliance function in banks As you are aware, draft guidelines on compliance function in banks were placed on the website vide Ref No. DBS.CO.PP.BC 1/11.01.005/2006-07 dated November 16, 2006. Based on the responses / comments on the draft guidelines received from banks, Self Regulatory Organizations and others,
RBI/2006-2007/335 Ref. DBS. CO.PP.BC 6/11.01.005/2006-07 April 20, 2007 The Chairman / CEO All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Compliance function in banks As you are aware, draft guidelines on compliance function in banks were placed on the website vide Ref No. DBS.CO.PP.BC 1/11.01.005/2006-07 dated November 16, 2006. Based on the responses / comments on the draft guidelines received from banks, Self Regulatory Organizations and others,
ଅପ୍ରେଲ 20, 2007
Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks
RBI/2006-2007/334DBOD.BP.BC. 87 /21.04.141/ 2006-07April 20, 2007All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Prudential Norms for Classification, Valuationand Operation of Investment Portfolio by BanksPlease refer to our Master Circular on the above subject DBOD. No. BP.BC. 14/ 21.04.141/ 2006-07, dated July 1, 2006. In terms of these guidelines a bank may classify a security in the Held to Maturity (HTM) category either at the time of acqui
RBI/2006-2007/334DBOD.BP.BC. 87 /21.04.141/ 2006-07April 20, 2007All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Prudential Norms for Classification, Valuationand Operation of Investment Portfolio by BanksPlease refer to our Master Circular on the above subject DBOD. No. BP.BC. 14/ 21.04.141/ 2006-07, dated July 1, 2006. In terms of these guidelines a bank may classify a security in the Held to Maturity (HTM) category either at the time of acqui
ଅପ୍ରେଲ 18, 2007
Introduction of ‘Protected Disclosures Scheme for Private Sector and Foreign banks'
RBI/2006-2007/328 DO DBS .FrMC No. BC 5 /23.02.011 /2006-07 April 18, 2007 All Private Sector and Foreign Banks operating in India Introduction of ‘Protected Disclosures Scheme for Private Sector and Foreign banks' The Government of India, vide its Resolution dated April 21, 2004 had authorized the Central Vigilance Commission (CVC) as the 'Designated Agency' to receive written complaints for disclosure on any allegation of corruption or misuse of office by any employ
RBI/2006-2007/328 DO DBS .FrMC No. BC 5 /23.02.011 /2006-07 April 18, 2007 All Private Sector and Foreign Banks operating in India Introduction of ‘Protected Disclosures Scheme for Private Sector and Foreign banks' The Government of India, vide its Resolution dated April 21, 2004 had authorized the Central Vigilance Commission (CVC) as the 'Designated Agency' to receive written complaints for disclosure on any allegation of corruption or misuse of office by any employ
ଅପ୍ରେଲ 18, 2007
Guidelines - Accounting Standard 17( Segment Reporting) - Enhancement of disclosures
RBI/2006-2007/327 DBOD.No. BP.BC. 81 / 21.04.018/ 2006-07 April 18, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines - Accounting Standard 17( Segment Reporting) – Enhancement of disclosures Please refer to our circular DBOD.No.BP. BC. 89 /21.04.018/2002-03 dated March29, 2003 in terms of which banks are required to adopt the three business segments viz. ‘Treasury’, ‘Other Banking Business’ and ‘Residual’ as the uniform business segments and ‘
RBI/2006-2007/327 DBOD.No. BP.BC. 81 / 21.04.018/ 2006-07 April 18, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines - Accounting Standard 17( Segment Reporting) – Enhancement of disclosures Please refer to our circular DBOD.No.BP. BC. 89 /21.04.018/2002-03 dated March29, 2003 in terms of which banks are required to adopt the three business segments viz. ‘Treasury’, ‘Other Banking Business’ and ‘Residual’ as the uniform business segments and ‘
ଅପ୍ରେଲ 17, 2007
Safe Deposit Lockers/Articles in Safe Custody
Draft Circular on Safe Deposit LockersRBI/2006-2007/325 DBOD.No.Leg.BC.78 /09.07.005/2006-07April 17, 2007ToAll Scheduled Commercial Banks (excluding RRBs)Dear Sir,Extension of Safe Deposit Locker / Safe CustodyArticle Facility and Access to Safe Deposit Lockers /Return of Safe Custody Articles by banks. The Committee on Procedures and Performance Audit on Public Services (CPPAPS) had made some recommendations for easy operation of lockers. We have reviewed all the gu
Draft Circular on Safe Deposit LockersRBI/2006-2007/325 DBOD.No.Leg.BC.78 /09.07.005/2006-07April 17, 2007ToAll Scheduled Commercial Banks (excluding RRBs)Dear Sir,Extension of Safe Deposit Locker / Safe CustodyArticle Facility and Access to Safe Deposit Lockers /Return of Safe Custody Articles by banks. The Committee on Procedures and Performance Audit on Public Services (CPPAPS) had made some recommendations for easy operation of lockers. We have reviewed all the gu
ଅପ୍ରେଲ 17, 2007
Rupee Export Credit Interest Rates
RBI/2006-2007/326DBOD.Dir.(Exp).BC.No.80/04.02.01/2006-07April 17, 2007@@NBSP@@All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp.)No.37/04.02.01/2006-07 dated October 20, 2006 on the captioned subject.The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto October 31, 2007. In this connection, you may please refer to RBI c
RBI/2006-2007/326DBOD.Dir.(Exp).BC.No.80/04.02.01/2006-07April 17, 2007@@NBSP@@All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp.)No.37/04.02.01/2006-07 dated October 20, 2006 on the captioned subject.The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto October 31, 2007. In this connection, you may please refer to RBI c
ଅପ୍ରେଲ 13, 2007
Wire Transfers
RBI/2006-2007/321DBOD.AML.BC. No. 77 / 14.01.001 / 2006-07April 13, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML)Standards / Combating of Financing of Terrorism (CFT) – Wire TransfersBanks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or from one country to anothe
RBI/2006-2007/321DBOD.AML.BC. No. 77 / 14.01.001 / 2006-07April 13, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML)Standards / Combating of Financing of Terrorism (CFT) – Wire TransfersBanks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or from one country to anothe
ଅପ୍ରେଲ 12, 2007
Asset Classification Norms for Infrastructure Projects Modified
RBI/2006-2007/320DBOD No. BP.BC. 76 /21.04.048/2006-07April 12, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Prudential norms on Income recognition, Asset Classification andProvisioning pertaining to Advances – Projects involving time overrunIn terms of Sub-para (iv) of Para 4.2.17 of Master Circular DBOD No. BP.BC. 15/ 21.04.048/2006-07 dated 1 July 2006 on ‘Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Adva
RBI/2006-2007/320DBOD No. BP.BC. 76 /21.04.048/2006-07April 12, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Prudential norms on Income recognition, Asset Classification andProvisioning pertaining to Advances – Projects involving time overrunIn terms of Sub-para (iv) of Para 4.2.17 of Master Circular DBOD No. BP.BC. 15/ 21.04.048/2006-07 dated 1 July 2006 on ‘Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Adva
ଅପ୍ରେଲ 05, 2007
Nomination Facility in Single Deposit Accounts
RBI/2006-2007/310DBOD.No.Leg BC. 75 /09.07.005/2006-07April 5, 2007All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Nomination Facility in Single Deposit Accounts Please refer to Para 9 of our Circular DBOD. No. BC.95/09.07.005/2004-05 dated June 9, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorship clause. We feel that despite th
RBI/2006-2007/310DBOD.No.Leg BC. 75 /09.07.005/2006-07April 5, 2007All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Nomination Facility in Single Deposit Accounts Please refer to Para 9 of our Circular DBOD. No. BC.95/09.07.005/2004-05 dated June 9, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorship clause. We feel that despite th
ଅପ୍ରେଲ 04, 2007
Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)
RBI/2006-2007/305 Ref: DBOD.No. Ret.BC.74 /12.01.001/2006-07 April 04, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2006-2007/269 / DBOD.No.Ret.BC.62/12.01.001/2006-07 dated March 01, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it has been decided to increase Cas
RBI/2006-2007/305 Ref: DBOD.No. Ret.BC.74 /12.01.001/2006-07 April 04, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2006-2007/269 / DBOD.No.Ret.BC.62/12.01.001/2006-07 dated March 01, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it has been decided to increase Cas
ଅପ୍ରେଲ 03, 2007
Guarantees for Export Advance
RBI/2006-2007/303DBOD No. Dir.BC.72/ 13.03.00/2006-07April 3, 2007Chief Executives of all Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Guarantees for Export AdvanceIt has come to our notice that exporters with low export turnover are receiving large amounts as export advances, in low interest rate currencies, against domestic bank guarantees and are depositing such advances with banks in Indian Rupees for interest rate arbitrage. Further, the guarantees are bei
RBI/2006-2007/303DBOD No. Dir.BC.72/ 13.03.00/2006-07April 3, 2007Chief Executives of all Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Guarantees for Export AdvanceIt has come to our notice that exporters with low export turnover are receiving large amounts as export advances, in low interest rate currencies, against domestic bank guarantees and are depositing such advances with banks in Indian Rupees for interest rate arbitrage. Further, the guarantees are bei
ଅପ୍ରେଲ 03, 2007
Gold (Metal) Loan - tenor of
RBI/2006-2007/302 DBOD.No.IBD.BC.71/23.67.001/2006-2007 April 3, 2007 All Scheduled Commercial Banks (excluding RRBs ) Dear Sir, Gold (Metal) Loan – tenor of In terms of our circular DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005 it was advised that banks nominated to import gold* as per extant instructions may extend Gold (Metal) Loans to domestic jewellery manufacturers, who are not exporters of jewellery, subject to conditions specified therein.@@NBSP@
RBI/2006-2007/302 DBOD.No.IBD.BC.71/23.67.001/2006-2007 April 3, 2007 All Scheduled Commercial Banks (excluding RRBs ) Dear Sir, Gold (Metal) Loan – tenor of In terms of our circular DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005 it was advised that banks nominated to import gold* as per extant instructions may extend Gold (Metal) Loans to domestic jewellery manufacturers, who are not exporters of jewellery, subject to conditions specified therein.@@NBSP@
ମାର୍ଚ୍ଚ 30, 2007
Rounding off cheques to the nearest rupee
RBI.No.2006-2007/299DBOD. Dir. BC. 70/13.01.01/ 2006-07March 30, 2007All Commercial Banks (excluding RRBs)Dear SirRounding off cheques to the nearest rupee Please refer to paragraph 19 of our Master Circular DBOD Dir. BC. 6/13.03.00/2006-07dated July 1, 2006 on 'Interest Rates on Deposits', in terms of which banks were advised that all transactions, including payment of interest on deposits/charging of interest on advances, should be rounded off to the nearest rupee;
RBI.No.2006-2007/299DBOD. Dir. BC. 70/13.01.01/ 2006-07March 30, 2007All Commercial Banks (excluding RRBs)Dear SirRounding off cheques to the nearest rupee Please refer to paragraph 19 of our Master Circular DBOD Dir. BC. 6/13.03.00/2006-07dated July 1, 2006 on 'Interest Rates on Deposits', in terms of which banks were advised that all transactions, including payment of interest on deposits/charging of interest on advances, should be rounded off to the nearest rupee;
ମାର୍ଚ୍ଚ 14, 2007
Grant of Loans for acquisition of Kisan Vikas Patras (KVPs)
RBI/2006-2007/288 DBOD.No.Dir.BC.69/13.03.00/2006-2007 March 14, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Grant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals (mostly High Networth Individuals-HNIs) for acquisition of Kisan Vikas Patras (KVPs). The HNIs were first required to bring in 10% of the total face value of the proposed investment in
RBI/2006-2007/288 DBOD.No.Dir.BC.69/13.03.00/2006-2007 March 14, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Grant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals (mostly High Networth Individuals-HNIs) for acquisition of Kisan Vikas Patras (KVPs). The HNIs were first required to bring in 10% of the total face value of the proposed investment in
ମାର୍ଚ୍ଚ 13, 2007
Prudential norms on creation and utilisation of floating provisions
RBI/2006-07/287 DBOD.NO.BP.BC.68/21.04.048/2006-07 March 13, 2007All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Prudential norms on creation and utilisation of floating provisions Please refer to Para 2(i) of Circular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006 on the captioned subject in terms of which banks can use the floating provisions only for contingencies under extra-ordinary circumstances for making specific provisions in impaired account
RBI/2006-07/287 DBOD.NO.BP.BC.68/21.04.048/2006-07 March 13, 2007All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Prudential norms on creation and utilisation of floating provisions Please refer to Para 2(i) of Circular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006 on the captioned subject in terms of which banks can use the floating provisions only for contingencies under extra-ordinary circumstances for making specific provisions in impaired account
ମାର୍ଚ୍ଚ 07, 2007
Exclusion from the Second Schedule to the Reserve Bank of India Act,1934 - The United Western Bank Ltd
RBI/2006-2007/282DBOD. Ret. BC No. 67/12.06.051/2006-07March 07, 2007All Scheduled Commercial BanksDear Sirs,Exclusion from the Second Schedule to theReserve Bank of India Act,1934 -The United Western Bank LtdWe advise that the name of The United Western Bank Ltd has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 25, 2006, i.e. the date on which the relative notification DBOD. No. PSBD. 4146/16.01.076 /2006-07 d
RBI/2006-2007/282DBOD. Ret. BC No. 67/12.06.051/2006-07March 07, 2007All Scheduled Commercial BanksDear Sirs,Exclusion from the Second Schedule to theReserve Bank of India Act,1934 -The United Western Bank LtdWe advise that the name of The United Western Bank Ltd has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 25, 2006, i.e. the date on which the relative notification DBOD. No. PSBD. 4146/16.01.076 /2006-07 d
ମାର୍ଚ୍ଚ 06, 2007
Prudential Limits for Inter- Bank Liabilities (IBL)
RBI/2006-2007/281 DBOD. No. BP.BC. 66/ 21.01.002/ 2006-2007March 6, 2007All Commercial Banks(Excluding RRBs) Dear Sir,Prudential Limits for Inter- Bank Liabilities (IBL) As you are aware, in India, while the counterparty risk concentration on the assets side has attracted adequate attention and received regulatory policy response, the concentration risk on the liability side of the banks has not received similar attention. Liability side management has its own merits
RBI/2006-2007/281 DBOD. No. BP.BC. 66/ 21.01.002/ 2006-2007March 6, 2007All Commercial Banks(Excluding RRBs) Dear Sir,Prudential Limits for Inter- Bank Liabilities (IBL) As you are aware, in India, while the counterparty risk concentration on the assets side has attracted adequate attention and received regulatory policy response, the concentration risk on the liability side of the banks has not received similar attention. Liability side management has its own merits
ମାର୍ଚ୍ଚ 06, 2007
Guidelines on Fair Practices Code for Lenders
RBI/2006-2007/280 DBOD.No.Leg.BC.65 /09.07.005/2006-07March 6, 2007All Scheduled Commercial Banks / All India Financial Institutions(Excluding RRBs) Dear Sir,Guidelines on Fair Practices Code for LendersPlease refer to our Circular DBOD. Leg. No.BC. 104 /09.07.007/2002-03 dated May 5, 2003 wherein guidelines were issued to banks / FIs for framing the Fair Practices Code for Lenders.2. In terms of Para 2 (i) (a) of the above Circular, banks / FIs were advised that
RBI/2006-2007/280 DBOD.No.Leg.BC.65 /09.07.005/2006-07March 6, 2007All Scheduled Commercial Banks / All India Financial Institutions(Excluding RRBs) Dear Sir,Guidelines on Fair Practices Code for LendersPlease refer to our Circular DBOD. Leg. No.BC. 104 /09.07.007/2002-03 dated May 5, 2003 wherein guidelines were issued to banks / FIs for framing the Fair Practices Code for Lenders.2. In terms of Para 2 (i) (a) of the above Circular, banks / FIs were advised that
ମାର୍ଚ୍ଚ 01, 2007
SCBs - Maintenance of Cash Reserve Ratio
RBI/2006-2007/269 Ref: DBOD.No. Ret.BC. 62 /12.01.001/2006-07 March 01, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2005-2006/422 DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 ha
RBI/2006-2007/269 Ref: DBOD.No. Ret.BC. 62 /12.01.001/2006-07 March 01, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2005-2006/422 DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 ha
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ପେଜ୍ ଅନ୍ତିମ ଅପଡେଟ୍ ହୋଇଛି: ଜୁନ 28, 2024
