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ଡିସେମ୍ବର 20, 2007
Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07
RBI/2007-2008/217 Ref.DBS.ARS.BC. No. 07/ 08.92.001/ 2007-08 December 20, 2007The Chairman & Managing Director, all Nationalised Banks andThe Managing Director, Associate Banks of SBIDear Sir/Madam, Remuneration payable to the Statutory Central andBranch Auditors of Public Sector Banks from the year 2006-07Please refer to our circular DBS.ARS.No.BC.08/80.92.100/2006-07 dated June 06, 2007 on remuneration payable to statutory central and branch auditors of public s
RBI/2007-2008/217 Ref.DBS.ARS.BC. No. 07/ 08.92.001/ 2007-08 December 20, 2007The Chairman & Managing Director, all Nationalised Banks andThe Managing Director, Associate Banks of SBIDear Sir/Madam, Remuneration payable to the Statutory Central andBranch Auditors of Public Sector Banks from the year 2006-07Please refer to our circular DBS.ARS.No.BC.08/80.92.100/2006-07 dated June 06, 2007 on remuneration payable to statutory central and branch auditors of public s
ପିଡିଏଫ (
ଡିସେମ୍ବର 06, 2007
Prudential Norms for Classification, valuation and operation of investment portfolio by banks
RBI/2007-08/205 DBOD.No.BP.BC.56/21.04.141/2007-08 December 06,2007 The Chairman/Chief Executive Officer All Scheduled Commercial Banks (excluding Local Area Banks and Regional Rural Banks) Dear Sir, Prudential Norms for Classification, valuation and operation of investment portfolio by banks Please refer to our Master Circular DBOD.No.BP.BC.15/21.04.141/2007-08 dated July 2, 2007 on the captioned subject. 2. As per para 1.2.14 of the circular, banks must not invest i
RBI/2007-08/205 DBOD.No.BP.BC.56/21.04.141/2007-08 December 06,2007 The Chairman/Chief Executive Officer All Scheduled Commercial Banks (excluding Local Area Banks and Regional Rural Banks) Dear Sir, Prudential Norms for Classification, valuation and operation of investment portfolio by banks Please refer to our Master Circular DBOD.No.BP.BC.15/21.04.141/2007-08 dated July 2, 2007 on the captioned subject. 2. As per para 1.2.14 of the circular, banks must not invest i
ନଭେମ୍ବର 30, 2007
Guidelines on Settlement of Non Performing Assets - Obtaining Consent Decree from Court
RBI/2007-2008/200DBOD.BP.BC.55/ 21.04.117 / 2007-08November 30, 2007The Chairman & Managing Director/Chief Executive Officers of the Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Guidelines on Settlement of Non Performing Assets –Obtaining Consent Decree from CourtPlease refer to our circular No.DBOD.BP.BC. 65/21.04.117/2002-2003 dated January 29, 2003, on the captioned subject, which has since been withdrawn in terms of our Circular No.DBOD.No.Inf.BC.48/11.0
RBI/2007-2008/200DBOD.BP.BC.55/ 21.04.117 / 2007-08November 30, 2007The Chairman & Managing Director/Chief Executive Officers of the Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Guidelines on Settlement of Non Performing Assets –Obtaining Consent Decree from CourtPlease refer to our circular No.DBOD.BP.BC. 65/21.04.117/2002-2003 dated January 29, 2003, on the captioned subject, which has since been withdrawn in terms of our Circular No.DBOD.No.Inf.BC.48/11.0
ନଭେମ୍ବର 30, 2007
Mid-Term Review of the Annual Policy for the year 2007- 08: Recovery Agents engaged by banks - Draft guidelines
DBOD.No.Leg. 6723 /09.07.005/2007-08November 30, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir, Mid-Term Review of the Annual Policy for the year 2007- 08:Recovery Agents engaged by banks – Draft guidelinesPlease refer to the paragraphs 172 and 173 of the mid-term review of the Annual Policy for the year 2007-08, a copy of which is furnished in Annex 1. In view of the rise in the number of litigations against banks in the recent past for engaging recovery
DBOD.No.Leg. 6723 /09.07.005/2007-08November 30, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir, Mid-Term Review of the Annual Policy for the year 2007- 08:Recovery Agents engaged by banks – Draft guidelinesPlease refer to the paragraphs 172 and 173 of the mid-term review of the Annual Policy for the year 2007-08, a copy of which is furnished in Annex 1. In view of the rise in the number of litigations against banks in the recent past for engaging recovery
ନଭେମ୍ବର 01, 2007
Fit and proper criteria for elected directors on the boards of nationalised banks
RBI/2007-08/178 DBOD. No. BC.No.47/29.39.001/2007-08 November 1, 2007The Chairman & Managing Director of all Nationalised Banks.Dear Sir / Madam,‘Fit and proper’ criteria for elected directors on the boards of nationalised banksIt has been decided to lay down specific ‘fit and proper’ criteria to be fulfilled by the persons being elected as directors on the Boards of the nationalised banks under the provisions of Section 9(3)(i) of Banking Companies (Acquisition a
RBI/2007-08/178 DBOD. No. BC.No.47/29.39.001/2007-08 November 1, 2007The Chairman & Managing Director of all Nationalised Banks.Dear Sir / Madam,‘Fit and proper’ criteria for elected directors on the boards of nationalised banksIt has been decided to lay down specific ‘fit and proper’ criteria to be fulfilled by the persons being elected as directors on the Boards of the nationalised banks under the provisions of Section 9(3)(i) of Banking Companies (Acquisition a
ଅକ୍ଟୋବର 30, 2007
Alteration in the name of Bank in the Second Schedule to the Reserve Bank of India Act, 1934 - "UTI Bank Ltd" to "Axis Bank Ltd".
RBI/2007-2008/172 Ref: DBOD.No.Ret.BC.43/12.06.085 /2007-08 October 30, 2007 All Scheduled Commercial Banks Dear Sir, Alteration in the name of Bank in the Second Schedule to the Reserve Bank of India Act, 1934 - 'UTI Bank Ltd' to 'Axis Bank Ltd'. We advise that the name of 'UTI Bank Ltd' has been changed to 'Axis Bank Ltd' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from July 30, 2007 by notification DBOD.No.PSBD.1174/16.01.127/2007-08 d
RBI/2007-2008/172 Ref: DBOD.No.Ret.BC.43/12.06.085 /2007-08 October 30, 2007 All Scheduled Commercial Banks Dear Sir, Alteration in the name of Bank in the Second Schedule to the Reserve Bank of India Act, 1934 - 'UTI Bank Ltd' to 'Axis Bank Ltd'. We advise that the name of 'UTI Bank Ltd' has been changed to 'Axis Bank Ltd' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from July 30, 2007 by notification DBOD.No.PSBD.1174/16.01.127/2007-08 d
ଅକ୍ଟୋବର 25, 2007
Deposit schemes with lock-in period
RBI/2007-2008/167 DBOD.No.Dir.BC. 39/13.03.00/2007-2008 October 25, 2007All@@NBSP@@ Scheduled Commercial Banks (excluding RRBs) Dear Sir @@NBSP@@ Deposit schemes with lock-in period It has been brought to our notice that some banks are offering special term deposit products to customers, in addition to regular term deposits, ranging from 300 days to five years, with the following features: i. Lock-in periods ranging from 6 to 12 months; ii. During the lock-in period,
RBI/2007-2008/167 DBOD.No.Dir.BC. 39/13.03.00/2007-2008 October 25, 2007All@@NBSP@@ Scheduled Commercial Banks (excluding RRBs) Dear Sir @@NBSP@@ Deposit schemes with lock-in period It has been brought to our notice that some banks are offering special term deposit products to customers, in addition to regular term deposits, ranging from 300 days to five years, with the following features: i. Lock-in periods ranging from 6 to 12 months; ii. During the lock-in period,
ଅକ୍ଟୋବର 23, 2007
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Lord Krishna Bank Ltd
RBI/2007-2008/164Ref: DBOD.No.Ret.BC.36/12.06.043 /2007-08October 23, 2007All Scheduled Commercial BanksDear Sir,Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Lord Krishna Bank LtdWe advise that the name of 'Lord Krishna Bank Ltd' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD. No. PSBD. 2536/16.01.130/2007-08 dated September 6, 2007, published in the Gazette of India (Part III - Sec
RBI/2007-2008/164Ref: DBOD.No.Ret.BC.36/12.06.043 /2007-08October 23, 2007All Scheduled Commercial BanksDear Sir,Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Lord Krishna Bank LtdWe advise that the name of 'Lord Krishna Bank Ltd' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD. No. PSBD. 2536/16.01.130/2007-08 dated September 6, 2007, published in the Gazette of India (Part III - Sec
ଅକ୍ଟୋବର 19, 2007
Unsolicited Commercial Communications - National Do Not Call Registry
RBI/2007-08/163DBOD.FSD.BC.35/24.01.011/2007-08October 19, 2007 All Commercial Banks(excluding RRBs)Dear Sir,Unsolicited Commercial Communications - National Do Not Call RegistryPlease refer to paragraph 5 of our circular DBOD.FSD.BC.19/24.01.011/2007-08 dated July 3, 2007 wherein banks were advised (i) not to engage Telemarketers (DSAs/DMAs) who do not have any valid registration certificate from DoT, Govt of India, as telemarketers, (ii) to furnish the list of Telem
RBI/2007-08/163DBOD.FSD.BC.35/24.01.011/2007-08October 19, 2007 All Commercial Banks(excluding RRBs)Dear Sir,Unsolicited Commercial Communications - National Do Not Call RegistryPlease refer to paragraph 5 of our circular DBOD.FSD.BC.19/24.01.011/2007-08 dated July 3, 2007 wherein banks were advised (i) not to engage Telemarketers (DSAs/DMAs) who do not have any valid registration certificate from DoT, Govt of India, as telemarketers, (ii) to furnish the list of Telem
ଅକ୍ଟୋବର 05, 2007
Review of loss making branches of banks
RBI/2007-2008/153DBS.CO.SMC.BC.No. 5 /22.23.001/2007-08October 5, 2007 The Chief Executives of allScheduled Commercial Banks(excluding foreign banks)Dear SirReview of loss making branches of banksPlease refer to circular DOS.No.BC.11/22.23.001/95-96 dated June 3, 1996 on the captioned subject in terms of which banks were advised to submit copies of review notes of loss making branches of banks accompanied by statements showing the classification of loss making branche
RBI/2007-2008/153DBS.CO.SMC.BC.No. 5 /22.23.001/2007-08October 5, 2007 The Chief Executives of allScheduled Commercial Banks(excluding foreign banks)Dear SirReview of loss making branches of banksPlease refer to circular DOS.No.BC.11/22.23.001/95-96 dated June 3, 1996 on the captioned subject in terms of which banks were advised to submit copies of review notes of loss making branches of banks accompanied by statements showing the classification of loss making branche
ଅକ୍ଟୋବର 04, 2007
Guidelines on purchase/sale of Non Performing Assets
RBI/2007-2008/152DBOD.No.BP.BC.34 /21.04.048 /2007-08October 4, 2007All Commercial Banks (excluding RRBs)All India Term Lending and Refinancing InstitutionsAll Non Banking Financial Companies (including RNBCs)Dear Sir,Guidelines on purchase/sale of Non Performing AssetsPlease refer to our Circular No.DBOD.BP.BC.16/21.04.048/2005-06 dated 13 July 2005 on the captioned subject.2. In terms of the above banks' Boards are required to lay down policies and guidelines coveri
RBI/2007-2008/152DBOD.No.BP.BC.34 /21.04.048 /2007-08October 4, 2007All Commercial Banks (excluding RRBs)All India Term Lending and Refinancing InstitutionsAll Non Banking Financial Companies (including RNBCs)Dear Sir,Guidelines on purchase/sale of Non Performing AssetsPlease refer to our Circular No.DBOD.BP.BC.16/21.04.048/2005-06 dated 13 July 2005 on the captioned subject.2. In terms of the above banks' Boards are required to lay down policies and guidelines coveri
ସେପ୍ଟେମ୍ବର 07, 2007
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - The Sangli Bank Ltd
RBI/2007-2008/132 Ref: DBOD. No. Ret.BC.31 /12.06.048 /2007-08 September 7, 2007 To All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - The Sangli Bank Ltd We advise that the name of "The Sangli Bank Ltd" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD. No. PSBD. 11188/16.01.073/2006-07 dated May 14, 2007, published in the Gazette of India (Part III
RBI/2007-2008/132 Ref: DBOD. No. Ret.BC.31 /12.06.048 /2007-08 September 7, 2007 To All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - The Sangli Bank Ltd We advise that the name of "The Sangli Bank Ltd" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD. No. PSBD. 11188/16.01.073/2006-07 dated May 14, 2007, published in the Gazette of India (Part III
ଅଗଷ୍ଟ 22, 2007
Submission of Quarterly statement on Housing Finance disbursements - Discontinuance
RBI/2007-2008/120Ref.DBOD.Dir.(Hsg.)BC.No. 27/08.12.01/2007-08August 22, 2007Sravana 31, 1929(Saka)ToAll Scheduled Commercial BanksDear Sir,Submission of Quarterly statement on Housing Finance disbursements - DiscontinuancePlease refer to paragraph 7.2 of our Master Circular DBOD.No.DIR.(Hsg)BC.02/ 08.12.01/2007-08 dated 2nd July 2007 in terms of which banks are required to submit statement on housing finance disbursement on a quarterly basis indicating details of dis
RBI/2007-2008/120Ref.DBOD.Dir.(Hsg.)BC.No. 27/08.12.01/2007-08August 22, 2007Sravana 31, 1929(Saka)ToAll Scheduled Commercial BanksDear Sir,Submission of Quarterly statement on Housing Finance disbursements - DiscontinuancePlease refer to paragraph 7.2 of our Master Circular DBOD.No.DIR.(Hsg)BC.02/ 08.12.01/2007-08 dated 2nd July 2007 in terms of which banks are required to submit statement on housing finance disbursement on a quarterly basis indicating details of dis
ଜୁଲାଇ 31, 2007
Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)
RBI/2007-2008/107Ref: DBOD.No. Ret.BC.25/12.01.001/2007-08July 31, 2007ToAll 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/2006-2007/331 DBOD.No.Ret.BC.82/12.01.001/2006-07 dated April 20, 2007 on the captioned subject. On a review of the current liquidity situation, it has been decided to increase cash reserve ratio (CRR) of Sc
RBI/2007-2008/107Ref: DBOD.No. Ret.BC.25/12.01.001/2007-08July 31, 2007ToAll 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/2006-2007/331 DBOD.No.Ret.BC.82/12.01.001/2006-07 dated April 20, 2007 on the captioned subject. On a review of the current liquidity situation, it has been decided to increase cash reserve ratio (CRR) of Sc
ଜୁଲାଇ 25, 2007
Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07
RBI/2007-2008/101 DBS.ARS.BC. No.@@NBSP@@ 3/ 08.92.001/ 2007-08 July 25, 2007 To,The Chairman & Managing Director, all Nationalised Banks and The Managing Director, Associate Banks of SBI Dear Sir/Madam,@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@
RBI/2007-2008/101 DBS.ARS.BC. No.@@NBSP@@ 3/ 08.92.001/ 2007-08 July 25, 2007 To,The Chairman & Managing Director, all Nationalised Banks and The Managing Director, Associate Banks of SBI Dear Sir/Madam,@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@
ଜୁଲାଇ 03, 2007
Unsolicited Commercial Communications - National Do Not Call Registry
RBI/2007-2008/78DBOD.FSD.BC. 19/24.01.011/2007-2008July 3, 2007All Commercial Banks(excluding RRBs)Dear Sir,Unsolicited Commercial Communications –- National Do Not Call Registry A reference is invited to para 7(i) of our circular No.DBOD.FSD.BC.10/24.01.011/2006-2007 dated July 1, 2006 addressed to all the Scheduled Commercial Banks/NBFCs on Credit Card operations of banks, wherein instructions have been given regarding maintenance of Do Not Call Registry by all cred
RBI/2007-2008/78DBOD.FSD.BC. 19/24.01.011/2007-2008July 3, 2007All Commercial Banks(excluding RRBs)Dear Sir,Unsolicited Commercial Communications –- National Do Not Call Registry A reference is invited to para 7(i) of our circular No.DBOD.FSD.BC.10/24.01.011/2006-2007 dated July 1, 2006 addressed to all the Scheduled Commercial Banks/NBFCs on Credit Card operations of banks, wherein instructions have been given regarding maintenance of Do Not Call Registry by all cred
ଜୁନ 28, 2007
Pension Funds Management by banks
RBI/2006-2007/446 DBOD.No.FSD.BC.102/24.01.022/2006-07June 28, 2007All Scheduled Commercial Banks (except RRBs)Dear SirPension Funds Management by banksIn exercise of the powers conferred by clause (o) of sub-section (1) of Section 6 of the Banking Regulation Act, 1949, Government of India have issued a Notification F.No.13/6/2005-BOA dated May 24, 2007 specifying 'acting as Pension Fund Manager' as a form of business in which it would be lawful for a banking company
RBI/2006-2007/446 DBOD.No.FSD.BC.102/24.01.022/2006-07June 28, 2007All Scheduled Commercial Banks (except RRBs)Dear SirPension Funds Management by banksIn exercise of the powers conferred by clause (o) of sub-section (1) of Section 6 of the Banking Regulation Act, 1949, Government of India have issued a Notification F.No.13/6/2005-BOA dated May 24, 2007 specifying 'acting as Pension Fund Manager' as a form of business in which it would be lawful for a banking company
ଜୁନ 06, 2007
Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07
RBI/2006-2007/429DBS.ARS.No.BC. 08 / 08.92.001/ 2006-07June 6, 2007CONFIDENTIALThe Chairman & Managing Director, all Nationalised Banks andThe Managing Director, Associate Banks of SBIDear Sir, Remuneration payable to the Statutory Central andBranch Auditors of Public Sector Banks from the year 2006-07Please refer to our instructions on the captioned subject, contained in our circular DBS.ARS.No.BC.7 / 08.92.001/ 2003-04 dated March 17, 2004. It has been decided t
RBI/2006-2007/429DBS.ARS.No.BC. 08 / 08.92.001/ 2006-07June 6, 2007CONFIDENTIALThe Chairman & Managing Director, all Nationalised Banks andThe Managing Director, Associate Banks of SBIDear Sir, Remuneration payable to the Statutory Central andBranch Auditors of Public Sector Banks from the year 2006-07Please refer to our instructions on the captioned subject, contained in our circular DBS.ARS.No.BC.7 / 08.92.001/ 2003-04 dated March 17, 2004. It has been decided t
ମଇ 17, 2007
Exclusion Of Bharat Overseas Bank Ltd
RBI/2006-2007/397DBOD.BP.BC.No. 98 /21.01.002/2006-07May 17, 2007Exclusion Of Bharat Overseas Bank Ltd In pursuance of clause (b) of sub section (6) of Section 42 of Reserve Bank of India Act 1934 (2 of 1934), the Reserve Bank of India hereby directs exclusion with effect from April 1, 2007 from the Second Schedule to the said Act of the following bank, namely:'The Bharat Overseas Bank Ltd'Anand SinhaExecutive Director
RBI/2006-2007/397DBOD.BP.BC.No. 98 /21.01.002/2006-07May 17, 2007Exclusion Of Bharat Overseas Bank Ltd In pursuance of clause (b) of sub section (6) of Section 42 of Reserve Bank of India Act 1934 (2 of 1934), the Reserve Bank of India hereby directs exclusion with effect from April 1, 2007 from the Second Schedule to the said Act of the following bank, namely:'The Bharat Overseas Bank Ltd'Anand SinhaExecutive Director
ମଇ 16, 2007
Guidelines on purchase / sale of Non Performing Assets
RBI/2006-2007/396 DBOD. No. BP. BC.97/21.04.048/2006-07May16, 2007All Commercial Banks (excluding RRBs) All India Term Lending and Refinancing Institutions All Non Banking Financial Companies (including RNBCs)Dear Sir,Guidelines on purchase / sale of Non Performing AssetsPlease refer to our Circular No. DBOD.BP.BC.16/21.04.048/2005-06 dated 13 July 2005 on the captioned subject. In terms of Para 5(iii) of the circular, the banks were advised that the estimated cash fl
RBI/2006-2007/396 DBOD. No. BP. BC.97/21.04.048/2006-07May16, 2007All Commercial Banks (excluding RRBs) All India Term Lending and Refinancing Institutions All Non Banking Financial Companies (including RNBCs)Dear Sir,Guidelines on purchase / sale of Non Performing AssetsPlease refer to our Circular No. DBOD.BP.BC.16/21.04.048/2005-06 dated 13 July 2005 on the captioned subject. In terms of Para 5(iii) of the circular, the banks were advised that the estimated cash fl
ମଇ 07, 2007
Complaints about excessive interest charged by banks
RBI/2006-2007/377DBOD No. Dir.BC.93/ 13.03.00/2006-07May 7, 2007All Commercial Banks (Excluding RRBs)Dear SirComplaints about excessive interest charged by banksPlease refer to paragraph 168 of the Annual Policy Statement for the year 2007-08 (copy enclosed).2. The Reserve Bank and Banking Ombudsmans' offices have been receiving several complaints regarding levying of excessive interest and charges on certain loans and advances. In this connection, a reference is invi
RBI/2006-2007/377DBOD No. Dir.BC.93/ 13.03.00/2006-07May 7, 2007All Commercial Banks (Excluding RRBs)Dear SirComplaints about excessive interest charged by banksPlease refer to paragraph 168 of the Annual Policy Statement for the year 2007-08 (copy enclosed).2. The Reserve Bank and Banking Ombudsmans' offices have been receiving several complaints regarding levying of excessive interest and charges on certain loans and advances. In this connection, a reference is invi
ଅପ୍ରେଲ 30, 2007
RBI asks UCBs not to deal with 918 defaulted companies following Patna High Court Order
RBI/2006-2007/364DBOD. No. Dir. BC. 91 /13.26.00/2006-07April 30, 2007The Chairman/ Managing Director/ Chief Executive Officers of all Commercial Banks (excluding RRBs)Dear SirIn the High Court of Judicature at Patna –CWJC No.13422 of 2006 –Council for the Protection of Public Rights and Welfarevs. Union of India and Others – Regarding We have to advise you that the Hon'ble Patna High Court vide its order dated April 10, 2007 in the captioned matter has directed the R
RBI/2006-2007/364DBOD. No. Dir. BC. 91 /13.26.00/2006-07April 30, 2007The Chairman/ Managing Director/ Chief Executive Officers of all Commercial Banks (excluding RRBs)Dear SirIn the High Court of Judicature at Patna –CWJC No.13422 of 2006 –Council for the Protection of Public Rights and Welfarevs. Union of India and Others – Regarding We have to advise you that the Hon'ble Patna High Court vide its order dated April 10, 2007 in the captioned matter has directed the R
ଅପ୍ରେଲ 24, 2007
Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits
RBI/2006-2007/344 DBOD. No. Dir. BC. 89 /13.03.00/2006-07April 24, 2007All Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) depositsPlease refer to paragraphs 114, 115 and 116 of the Annual Policy Statement for the year 2007-08 announced by Governor on April 24, 2007 (copy of the paragraphs enclosed).2.@@NBSP@@ Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to pa
RBI/2006-2007/344 DBOD. No. Dir. BC. 89 /13.03.00/2006-07April 24, 2007All Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) depositsPlease refer to paragraphs 114, 115 and 116 of the Annual Policy Statement for the year 2007-08 announced by Governor on April 24, 2007 (copy of the paragraphs enclosed).2.@@NBSP@@ Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to pa
ଅପ୍ରେଲ 23, 2007
Working Group to review the existing guidelines on restructuring of advances and align them with the guidelines on CDR Mechanism
DBOD.No.BP. 1316 /21.04.132/2006-07April 23, 2007All Commercial Banks (excluding RRBs & LABs)Dear Sir,Working Group to review the existing guidelines on restructuring of advances and align them with the guidelines on CDR Mechanism Please refer to para 174 of Annual Policy Statement for the Year 2006-07, wherein it was proposed that a working group will be constituted to review and align the existing guidelines on restructuring of advances (other than under CDR mec
DBOD.No.BP. 1316 /21.04.132/2006-07April 23, 2007All Commercial Banks (excluding RRBs & LABs)Dear Sir,Working Group to review the existing guidelines on restructuring of advances and align them with the guidelines on CDR Mechanism Please refer to para 174 of Annual Policy Statement for the Year 2006-07, wherein it was proposed that a working group will be constituted to review and align the existing guidelines on restructuring of advances (other than under CDR mec
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
Maintenance of Cash Reserve Ratio (CRR)
RBI/2006-2007/331 Ref: DBOD.No. Ret.BC.82 /12.01.001/2006-07 @@NBSP@@April@@NBSP@@ 20, 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 Circulars RBI/2006-2007/269 DBOD.No.Ret.BC.62/12.01.001/2006-2007 dated March 01, 2007@@NBSP@@ and RBI/2006-2007/305@@NBSP@@ DBOD.No.Ret.BC.74/12.01.001/2006-2007 dated April 04, 2007 on the captio
RBI/2006-2007/331 Ref: DBOD.No. Ret.BC.82 /12.01.001/2006-07 @@NBSP@@April@@NBSP@@ 20, 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 Circulars RBI/2006-2007/269 DBOD.No.Ret.BC.62/12.01.001/2006-2007 dated March 01, 2007@@NBSP@@ and RBI/2006-2007/305@@NBSP@@ DBOD.No.Ret.BC.74/12.01.001/2006-2007 dated April 04, 2007 on the captio
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
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
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 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 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
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 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
ଫେବୃଆରୀ 22, 2007
Analysis and Disclosure of complaints - Disclosure of complaints / unimplemented awards of Banking Ombudsmen alongwith Financial Results
RBI/2006-2007/266 DBOD.No.Leg BC. 60 /09.07.005/2006-07February 22, 2007 All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Analysis and Disclosure of complaints -Disclosure of complaints / unimplemented awards ofBanking Ombudsmen alongwith Financial ResultsThe Committee on Procedures and Performance Audit on Public Services (CPPAPS) had recommended that banks should place a statement before their Boards analyzing the complaints received. CPPAPS had further
RBI/2006-2007/266 DBOD.No.Leg BC. 60 /09.07.005/2006-07February 22, 2007 All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Analysis and Disclosure of complaints -Disclosure of complaints / unimplemented awards ofBanking Ombudsmen alongwith Financial ResultsThe Committee on Procedures and Performance Audit on Public Services (CPPAPS) had recommended that banks should place a statement before their Boards analyzing the complaints received. CPPAPS had further
ଫେବୃଆରୀ 05, 2007
Issue of American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) - Depository Agreement
RBI/2006-2007/247 DBOD.No.PSBD. 7269/16.13.100 /2006-07 February 5, 2007 All scheduled commercial banks (excluding RRBs) Dear Sir, Issue of American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) – Depository Agreement In the recent past, some banks have raised funds through issue of American Depository/Global Depository Receipts. Under such a mechanism, banks issue shares to the depositories who in turn issue ADRs/GDRs to the ultimate investors. Banks g
RBI/2006-2007/247 DBOD.No.PSBD. 7269/16.13.100 /2006-07 February 5, 2007 All scheduled commercial banks (excluding RRBs) Dear Sir, Issue of American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) – Depository Agreement In the recent past, some banks have raised funds through issue of American Depository/Global Depository Receipts. Under such a mechanism, banks issue shares to the depositories who in turn issue ADRs/GDRs to the ultimate investors. Banks g
ଜାନୁଆରୀ 31, 2007
Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits
RBI/2006-2007/242 DBOD. No. Dir. BC.55/13.03.00/2006-07 January 31, 2007 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits Please refer to paragraph 86 of the Third Quarter Review of the Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.288/07.01.279/2006-07 dated January 31, 2007 (copy of the paragraph enclosed). 2.@@NBSP@@ Interest Rate on N
RBI/2006-2007/242 DBOD. No. Dir. BC.55/13.03.00/2006-07 January 31, 2007 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits Please refer to paragraph 86 of the Third Quarter Review of the Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.288/07.01.279/2006-07 dated January 31, 2007 (copy of the paragraph enclosed). 2.@@NBSP@@ Interest Rate on N
ଜାନୁଆରୀ 29, 2007
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - “The Ganesh Bank of Kurundwad Ltd”
RBI/2006-2007/236 DBOD. Ret. BC No. 52/12.06.078/2006-07 January 29, 2007 All Scheduled Commercial Banks Dear Sirs, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - "The Ganesh Bank of Kurundwad Ltd" We advise that the name of "The Ganesh Bank of Kurundwad Ltd" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 21st October 2006, i.e. the date on which the relative notification DBOD. No. PSBD.
RBI/2006-2007/236 DBOD. Ret. BC No. 52/12.06.078/2006-07 January 29, 2007 All Scheduled Commercial Banks Dear Sirs, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - "The Ganesh Bank of Kurundwad Ltd" We advise that the name of "The Ganesh Bank of Kurundwad Ltd" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 21st October 2006, i.e. the date on which the relative notification DBOD. No. PSBD.
ଡିସେମ୍ବର 11, 2006
Increase in CRR
RBI/2006-2007/201 Ref: DBOD.No. Ret.BC. 45/12.01.001/2006-07 December 11, 2006 To All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of 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. On review of current macroeconomic and monetary conditions, it has been decided to increase cash reserve ratio (CRR)
RBI/2006-2007/201 Ref: DBOD.No. Ret.BC. 45/12.01.001/2006-07 December 11, 2006 To All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of 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. On review of current macroeconomic and monetary conditions, it has been decided to increase cash reserve ratio (CRR)
ଡିସେମ୍ବର 11, 2006
Draft Comprehensive Guidelines on Derivatives
DBOD.No. BP. 741 /21.04.157/2006-07 December 11, 2006 Chairmen / Chief Executive Officers All Commercial Banks (excluding RRBs), All India term-lending and Refinancing Institutions (Exim Bank, IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) and Primary Dealers Dear Sir, Draft Comprehensive Guidelines on Derivatives As indicated in paragraph 137 of the Mid-term Review of Annual Policy for the Year 2006-07 an Internal Group was constituted by the Reserve Bank to
DBOD.No. BP. 741 /21.04.157/2006-07 December 11, 2006 Chairmen / Chief Executive Officers All Commercial Banks (excluding RRBs), All India term-lending and Refinancing Institutions (Exim Bank, IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) and Primary Dealers Dear Sir, Draft Comprehensive Guidelines on Derivatives As indicated in paragraph 137 of the Mid-term Review of Annual Policy for the Year 2006-07 an Internal Group was constituted by the Reserve Bank to
ଡିସେମ୍ବର 04, 2006
Draft Circular on Safe Deposit Lockers
RBI/2006-07/198 DBOD.No.Leg 5049 /09.07.005/2006-07 December 4, 2006 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles by banks. It is proposed to issue fresh instructions to banks regarding extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles in
RBI/2006-07/198 DBOD.No.Leg 5049 /09.07.005/2006-07 December 4, 2006 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles by banks. It is proposed to issue fresh instructions to banks regarding extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles in
ନଭେମ୍ବର 30, 2006
Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them
November 30, 2006 DBOD. No. FSD. 5046 / 24.01.028/ 2006-07 All Scheduled Commercial Banks (excluding RRBs) and All NBFCs (deposit taking and non-deposit taking) @@NBSP@@ Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07enclosed to Governor’s letter MPD.BC.286/ 07.01.279/ 2006-07 dated October 31, 2006 (Copy of the paragrap
November 30, 2006 DBOD. No. FSD. 5046 / 24.01.028/ 2006-07 All Scheduled Commercial Banks (excluding RRBs) and All NBFCs (deposit taking and non-deposit taking) @@NBSP@@ Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07enclosed to Governor’s letter MPD.BC.286/ 07.01.279/ 2006-07 dated October 31, 2006 (Copy of the paragrap
ନଭେମ୍ବର 17, 2006
Banks’ exposure to Capital Markets - Rationalisation of Norms
DBOD.No.Dir. 4562 /13.07.05/2006-2007 November 17, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Banks’ exposure to Capital Markets – Rationalisation of Norms As banks may be aware, it was announced in the Mid-Term Review of Annual Policy Statement for the year 2005-2006 that the prudential capital market exposure norms prescribed for banks would be rationalized in terms of base and coverage so as to: i) restrict a bank’s aggregate capital market expo
DBOD.No.Dir. 4562 /13.07.05/2006-2007 November 17, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Banks’ exposure to Capital Markets – Rationalisation of Norms As banks may be aware, it was announced in the Mid-Term Review of Annual Policy Statement for the year 2005-2006 that the prudential capital market exposure norms prescribed for banks would be rationalized in terms of base and coverage so as to: i) restrict a bank’s aggregate capital market expo
ନଭେମ୍ବର 03, 2006
Mid-Term Review of Annual Policy Statement for the Year 2006-07- Financial Regulation of Systemically Important NBFCs and Banks' Relationship with them
DBOD.No.FSD. /556 / 24.01.02/ 2006-07 November 3, 2006 All Scheduled Commercial Banks (Excluding RRBs) and NBFCs (deposit taking and non deposit taking) Dear Sir, Mid-Term Review of Annual Policy Statement for the Year 2006-07- Financial Regulation of Systemically Important NBFCs and Banks' Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.286/07.01.279/20
DBOD.No.FSD. /556 / 24.01.02/ 2006-07 November 3, 2006 All Scheduled Commercial Banks (Excluding RRBs) and NBFCs (deposit taking and non deposit taking) Dear Sir, Mid-Term Review of Annual Policy Statement for the Year 2006-07- Financial Regulation of Systemically Important NBFCs and Banks' Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.286/07.01.279/20
ସେପ୍ଟେମ୍ବର 20, 2006
Appropriation from Reserve Fund
RBI/2006-07/132 DBOD.BP.BC No. 31 / 21.04.018/ 2006-07 September 20, 2006 The Chairmen/Chief Executives of All Commercial Banks(excluding RRBs) Dear Sir, Section 17 (2) of Banking Regulation Act, 1949 – Appropriation from Reserve Fund In terms of section 17 (1) and 11 (1)(b) (ii) of the Banking Regulation Act, 1949 banks are required to transfer, out of the balance of profit as disclosed in the profit and loss account, a sum equivalent to not less than 20 per cent of
RBI/2006-07/132 DBOD.BP.BC No. 31 / 21.04.018/ 2006-07 September 20, 2006 The Chairmen/Chief Executives of All Commercial Banks(excluding RRBs) Dear Sir, Section 17 (2) of Banking Regulation Act, 1949 – Appropriation from Reserve Fund In terms of section 17 (1) and 11 (1)(b) (ii) of the Banking Regulation Act, 1949 banks are required to transfer, out of the balance of profit as disclosed in the profit and loss account, a sum equivalent to not less than 20 per cent of
ସେପ୍ଟେମ୍ବର 18, 2006
Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - " Chohung Bank to Shinhan Bank"
RBI/2006-07/127 DBOD.CO.Ret.BC.No.29/12.06.105/2006-07 September 18, 2006 Bhadra 27, 1928 All Scheduled Commercial Banks Dear Sir Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - ' Chohung Bank to Shinhan Bank' We advise that the name of ' Chohung Bank ' has been changed to ' Shinhan Bank ' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 12th August 2006, i.e. the date on which the relati
RBI/2006-07/127 DBOD.CO.Ret.BC.No.29/12.06.105/2006-07 September 18, 2006 Bhadra 27, 1928 All Scheduled Commercial Banks Dear Sir Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - ' Chohung Bank to Shinhan Bank' We advise that the name of ' Chohung Bank ' has been changed to ' Shinhan Bank ' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 12th August 2006, i.e. the date on which the relati
ଅଗଷ୍ଟ 23, 2006
Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs )
RBI /2006-2007/113 DBOD. No. BP. BC. 27/21.01.002/ 2006- 2007 August 23, 2006 The Chairman & Managing Directors Chief Executive Officers of Commercial Banks (excluding RRBs) Dear Sirs, Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs ) It is observed that the exposure of banks to Venture Capital Funds (VCFs) has been steadily increasing over the last few years. While significance of venture capital activities and need for banks’ involvement
RBI /2006-2007/113 DBOD. No. BP. BC. 27/21.01.002/ 2006- 2007 August 23, 2006 The Chairman & Managing Directors Chief Executive Officers of Commercial Banks (excluding RRBs) Dear Sirs, Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs ) It is observed that the exposure of banks to Venture Capital Funds (VCFs) has been steadily increasing over the last few years. While significance of venture capital activities and need for banks’ involvement
ଅଗଷ୍ଟ 10, 2006
Penalties on default in maintenance of CRR
RBI/2006-2007/106 DBOD. No. Ret. BC.26/12.01.001/2006-07 August 10, 2006 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 - Penalties on default in 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, wherein it was advised that the Reserve Bank will not be paying any interest
RBI/2006-2007/106 DBOD. No. Ret. BC.26/12.01.001/2006-07 August 10, 2006 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 - Penalties on default in 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, wherein it was advised that the Reserve Bank will not be paying any interest
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