Draft Notifications - ਆਰਬੀਆਈ - Reserve Bank of India
Draft Notifications
ਮਾਰਚ 30, 2015
Large Exposures Framework and Enhancing Credit Supply through Market Mechanism
March 27, 2015 Background A bank’s exposure to its counterparties may result in concentration of its assets to a single counterparty or a group of connected counterparties. Internationally, concentration risk has been addressed by prescribing regulatory and statutory limits on exposures towards counterparties and various sectors of the economy. The Basel Committee on Banking Supervision (BCBS) too recognised the need for banks to measure and limit the size of large ex
March 27, 2015 Background A bank’s exposure to its counterparties may result in concentration of its assets to a single counterparty or a group of connected counterparties. Internationally, concentration risk has been addressed by prescribing regulatory and statutory limits on exposures towards counterparties and various sectors of the economy. The Basel Committee on Banking Supervision (BCBS) too recognised the need for banks to measure and limit the size of large ex
ਮਾਰਚ 13, 2015
Card Payments - Removal of requirement of Additional Factor of Authentication for small value card present transactions
DPSS.CO.PD.No. /02.14.003/2014-2015 March 13, 2015 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 (Draft Circular for comments) Madam / Dear Sir Card Payments - Removal of requirement of Additional Factor of Authentication for small value card present transactions Reserve Bank of India
DPSS.CO.PD.No. /02.14.003/2014-2015 March 13, 2015 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 (Draft Circular for comments) Madam / Dear Sir Card Payments - Removal of requirement of Additional Factor of Authentication for small value card present transactions Reserve Bank of India
ਦਸੰ 03, 2014
RBI releases Guidelines for setting up of and operating TReDS
The Reserve Bank of India (RBI) today announced the guidelines for setting up and operating the Trade Receivables Discounting System (TReDS). TReDs is a scheme for setting up and operating the institutional mechanism to facilitate the financing of trade receivables of micro, small and medium enterprises (MSMEs) from corporate and other buyers, including government departments and public sector undertakings (PSUs) through multiple financiers.
The Reserve Bank of India (RBI) today announced the guidelines for setting up and operating the Trade Receivables Discounting System (TReDS). TReDs is a scheme for setting up and operating the institutional mechanism to facilitate the financing of trade receivables of micro, small and medium enterprises (MSMEs) from corporate and other buyers, including government departments and public sector undertakings (PSUs) through multiple financiers.
ਅਗ 07, 2014
Draft Guidelines for Implementation of Bharat Bill Payment System (BBPS)
Introduction 1. Bill payment is a major component of the retail payment transactions. The Committee to study the Feasibility of Implementation of GIRO based Payment Systems (Chairman: Shri G. Padmanabhan, Executive Director, RBI) (2013) had estimated that over 30,800 million bills amounting to Rs.6223 billion are generated each year in the top 20 cities in the country. Though various forms of payments are accepted, cash and cheque payments continue to be predominant,
Introduction 1. Bill payment is a major component of the retail payment transactions. The Committee to study the Feasibility of Implementation of GIRO based Payment Systems (Chairman: Shri G. Padmanabhan, Executive Director, RBI) (2013) had estimated that over 30,800 million bills amounting to Rs.6223 billion are generated each year in the top 20 cities in the country. Though various forms of payments are accepted, cash and cheque payments continue to be predominant,
ਜੁਲਾ 22, 2014
Framework for Dealing with Domestic Systemically Important Banks (D-SIBs)
Introduction Some banks, due to their size, cross-jurisdictional activities, complexity, lack of substitutability and interconnectedness, become systemically important. The disorderly failure of these banks has the potential to cause significant disruption to the essential services they provide to the banking system, and in turn, to the overall economic activity. Therefore, the continued functioning of Systemically Important Banks (SIBs) is critical for the uninterrup
Introduction Some banks, due to their size, cross-jurisdictional activities, complexity, lack of substitutability and interconnectedness, become systemically important. The disorderly failure of these banks has the potential to cause significant disruption to the essential services they provide to the banking system, and in turn, to the overall economic activity. Therefore, the continued functioning of Systemically Important Banks (SIBs) is critical for the uninterrup
ਜੁਲਾ 22, 2014
Draft Guidelines for setting up of and operating TReDS
Micro, Small and Medium Enterprises (MSMEs), despite the important role played by them in the economic fabric of the country, continue to face constraints in obtaining adequate finance, particularly in terms of their ability to convert their trade receivables into liquid funds. In order to address this pan-India issue through setting up of an institutional mechanism for financing trade receivables,the Reserve Bank of India had published a concept paper on “Micro, Smal
Micro, Small and Medium Enterprises (MSMEs), despite the important role played by them in the economic fabric of the country, continue to face constraints in obtaining adequate finance, particularly in terms of their ability to convert their trade receivables into liquid funds. In order to address this pan-India issue through setting up of an institutional mechanism for financing trade receivables,the Reserve Bank of India had published a concept paper on “Micro, Smal
ਜੁਲਾ 17, 2014
Draft Guidelines for Licensing of “Payments Banks”
I. Preamble The Reserve Bank of India (RBI) issues licences to entities to carry on the business of banking and other business in which banking companies may engage, as defined and described in Sections 5 (b) and 6 (1) (a) to (o) of the Banking Regulation Act, 1949, respectively. The last time when RBI came out with a set of guidelines for licensing of new banks in the private sector was in February 2013. The process of licensing culminated with the announcement by th
I. Preamble The Reserve Bank of India (RBI) issues licences to entities to carry on the business of banking and other business in which banking companies may engage, as defined and described in Sections 5 (b) and 6 (1) (a) to (o) of the Banking Regulation Act, 1949, respectively. The last time when RBI came out with a set of guidelines for licensing of new banks in the private sector was in February 2013. The process of licensing culminated with the announcement by th
ਜੁਲਾ 17, 2014
Draft Guidelines for Licensing of “Small Banks” in the Private Sector
I. Preamble The Reserve Bank of India (RBI) last came out with a set of guidelines for licensing of new banks in the private sector on February 22, 2013. The process of licensing culminated with the announcement by the RBI vide its Press Release dated April 2, 2014 that it would grant “in-principle” approval to two applicants who would set up new banks in the private sector within a period of 18 months. While preparing these guidelines, the Reserve Bank recognized the
I. Preamble The Reserve Bank of India (RBI) last came out with a set of guidelines for licensing of new banks in the private sector on February 22, 2013. The process of licensing culminated with the announcement by the RBI vide its Press Release dated April 2, 2014 that it would grant “in-principle” approval to two applicants who would set up new banks in the private sector within a period of 18 months. While preparing these guidelines, the Reserve Bank recognized the
ਮਈ 20, 2014
Partial Credit Enhancements to Corporate Bonds – Draft Circular
DBOD.BP.BC.No. /08.12.014/2013-14 May 20, 2014 All Scheduled Commercial Banks (excluding RRBs ) Dear Sir, Partial Credit Enhancements to Corporate Bonds – Draft Circular Please refer to paragraph 30 of the Second Quarter Review of Monetary Policy 2013-14 (extract enclosed) announced on October 29, 2013 proposing to allow banks to offer partial credit enhancements to corporate bonds. 2. The corporate bond market in India currently lacks sufficient depth and liquidity.
DBOD.BP.BC.No. /08.12.014/2013-14 May 20, 2014 All Scheduled Commercial Banks (excluding RRBs ) Dear Sir, Partial Credit Enhancements to Corporate Bonds – Draft Circular Please refer to paragraph 30 of the Second Quarter Review of Monetary Policy 2013-14 (extract enclosed) announced on October 29, 2013 proposing to allow banks to offer partial credit enhancements to corporate bonds. 2. The corporate bond market in India currently lacks sufficient depth and liquidity.
ਮਾਰਚ 19, 2014
Concept Paper on Trade Receivables and Credit Exchange for Financing of Micro, Small and Medium Enterprises
PREFACE The role of Micro, Small and Medium Enterprises (MSMEs) in the economic landscape of the country needs no reiteration. Given the potential of this segment to unlock growth, employment and inclusion in the economy and society, it is indeed the need of the hour to address concerns related to financing of this segment. Despite efforts on multiple fronts as well as enabling legal and regulatory provisions, the MSME segment continues to be belaboured with the probl
PREFACE The role of Micro, Small and Medium Enterprises (MSMEs) in the economic landscape of the country needs no reiteration. Given the potential of this segment to unlock growth, employment and inclusion in the economy and society, it is indeed the need of the hour to address concerns related to financing of this segment. Despite efforts on multiple fronts as well as enabling legal and regulatory provisions, the MSME segment continues to be belaboured with the probl
ਦਸੰ 02, 2013
Framework for Dealing with Domestic Systemically Important Banks (D-SIBs) – Draft for Comments
Introduction A few banks assume systemic importance due to their size, cross-jurisdictional activities, complexity, lack of substitutability and interconnectedness. The disorderly failure of these banks has the propensity to cause significant disruption to the essential services provided by the banking system, and in turn, to the overall economic activity. These banks are considered Systemically Important Banks (SIBs) as their continued functioning is critical for the
Introduction A few banks assume systemic importance due to their size, cross-jurisdictional activities, complexity, lack of substitutability and interconnectedness. The disorderly failure of these banks has the propensity to cause significant disruption to the essential services provided by the banking system, and in turn, to the overall economic activity. These banks are considered Systemically Important Banks (SIBs) as their continued functioning is critical for the
ਨਵੰ 29, 2013
Entry of Banks into Insurance Business – Insurance Broking Business
DBOD.No.FSD./24.01.018/2013-14 November 29, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Entry of Banks into Insurance Business – Insurance Broking Business Consequent to the announcement by the Finance Minister in the budget speech 2013-14 that banks will be permitted to act as insurance brokers, IRDA has formulated and notified the IRDA (Licensing of Banks as Insurance Brokers) Regulations, 2013 to enable banks to take up the business of ins
DBOD.No.FSD./24.01.018/2013-14 November 29, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Entry of Banks into Insurance Business – Insurance Broking Business Consequent to the announcement by the Finance Minister in the budget speech 2013-14 that banks will be permitted to act as insurance brokers, IRDA has formulated and notified the IRDA (Licensing of Banks as Insurance Brokers) Regulations, 2013 to enable banks to take up the business of ins
ਜੁਲਾ 02, 2013
Draft Guidelines on Capital and Provisioning Requirements for exposures to corporates having unhedged foreign currency exposure
RBI/2013-14/ DBOD.No.BP.BC. /21.06.200/2013-14 July 2, 2013 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Draft Guidelines on Capital and Provisioning Requirements for exposures to corporates having unhedged foreign currency exposure Please refer to paragraph 99 of the Monetary Policy Statement for 2013-14 (Extract annexed). Unhedged foreign currency exposures of the corporate are an area
RBI/2013-14/ DBOD.No.BP.BC. /21.06.200/2013-14 July 2, 2013 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Draft Guidelines on Capital and Provisioning Requirements for exposures to corporates having unhedged foreign currency exposure Please refer to paragraph 99 of the Monetary Policy Statement for 2013-14 (Extract annexed). Unhedged foreign currency exposures of the corporate are an area
ਜੂਨ 28, 2013
Guidelines on Wealth Management /Marketing/Distribution Services offered by Banks – Draft Guidelines
DBOD.CO.FSD.No. /24.01.026/2012-13 June 28, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Guidelines on Wealth Management /Marketing/Distribution Services offered by Banks – Draft Guidelines Please refer to paragraphs 86, 87 and 88 (extracts enclosed) of the Monetary Policy Statement 2013-14 announcement on May 3, 2013 regarding issue of guidelines on wealth management services and distribution of third party financial products by banks. 2. The d
DBOD.CO.FSD.No. /24.01.026/2012-13 June 28, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Guidelines on Wealth Management /Marketing/Distribution Services offered by Banks – Draft Guidelines Please refer to paragraphs 86, 87 and 88 (extracts enclosed) of the Monetary Policy Statement 2013-14 announcement on May 3, 2013 regarding issue of guidelines on wealth management services and distribution of third party financial products by banks. 2. The d
ਜਨ 31, 2013
Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions – Draft Guidelines
RBI/2012-13/ DBOD.BP.BC.No. /21.04.132/2012-13 January 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions – Draft Guidelines Please refer to paragraphs 90 to 92 (extract enclosed) of the Second Quarter Review of Monetary Policy 2012-13 announced on October 30, 2012, wherein it was indicated that the draft guidelines on ‘Review of Prudential Guidelines on Re
RBI/2012-13/ DBOD.BP.BC.No. /21.04.132/2012-13 January 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions – Draft Guidelines Please refer to paragraphs 90 to 92 (extract enclosed) of the Second Quarter Review of Monetary Policy 2012-13 announced on October 30, 2012, wherein it was indicated that the draft guidelines on ‘Review of Prudential Guidelines on Re
ਜਨ 10, 2013
Draft Guidelines on Capital requirements for bank exposures to central counterparties
RBI/2012-13/ DBOD.No.BP.BC. /21.06.201/2012-13 January 10, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Draft Guidelines on Capital requirements for bank exposures to central counterparties Please refer to the paragraph 88 (extract enclosed) of the Second Quarter Review of Monetary Policy Statement 2012-13 announced on October 30, 2012. It was indic
RBI/2012-13/ DBOD.No.BP.BC. /21.06.201/2012-13 January 10, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Draft Guidelines on Capital requirements for bank exposures to central counterparties Please refer to the paragraph 88 (extract enclosed) of the Second Quarter Review of Monetary Policy Statement 2012-13 announced on October 30, 2012. It was indic
ਜਨ 10, 2013
Draft Guidelines on Composition of Capital Disclosure Requirements
RBI/2012-13/ DBOD.No.BP.BC. /21.06.201/2012-13 January 10, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Draft Guidelines on Composition of Capital Disclosure Requirements Please refer to the paragraph 87 (extract enclosed) of the Second Quarter Review of Monetary Policy Statement 2012-13 announced on October 30, 2012. It was indicated that the draft
RBI/2012-13/ DBOD.No.BP.BC. /21.06.201/2012-13 January 10, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Draft Guidelines on Composition of Capital Disclosure Requirements Please refer to the paragraph 87 (extract enclosed) of the Second Quarter Review of Monetary Policy Statement 2012-13 announced on October 30, 2012. It was indicated that the draft
ਦਸੰ 12, 2012
Review of NBFC Regulatory Framework – Recommendations of the Working Group on Issues and Concerns in the NBFC Sector
Corporate Governance and Disclosures for NBFCs Entry Point Norms, Principal Business Criteria (PBC), Multiple and Captive NBFCs Liquidity Management for NBFCs Prudential Regulations
Corporate Governance and Disclosures for NBFCs Entry Point Norms, Principal Business Criteria (PBC), Multiple and Captive NBFCs Liquidity Management for NBFCs Prudential Regulations
ਸਤੰ 17, 2012
Draft Supplementary Guidance on Treatment of Illiquid Positions
RBI/2012-13/ DBOD.No.BP.BC. /21.06.001/2012-13 September 17, 2012 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Draft Supplementary Guidance on Treatment of Illiquid Positions Please refer to para 8.8 in the guidelines on treatment of illiquid positions contained in our Master Circular DBOD.No.BP.BC.16/21.06.001/2010-11 dated July 2, 2012 on the New Capital Adequacy Framework. The prudent
RBI/2012-13/ DBOD.No.BP.BC. /21.06.001/2012-13 September 17, 2012 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Draft Supplementary Guidance on Treatment of Illiquid Positions Please refer to para 8.8 in the guidelines on treatment of illiquid positions contained in our Master Circular DBOD.No.BP.BC.16/21.06.001/2010-11 dated July 2, 2012 on the New Capital Adequacy Framework. The prudent
ਅਗ 14, 2012
Management of Intra-Group Transactions and Exposures – Draft Guidelines
RBI/2012-13/ DBOD.No.BP.BC. /21.06.102/2012-13 August 14, 2012 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir, Management of Intra-Group Transactions and Exposures – Draft Guidelines As a prudential measure aimed at avoiding concentration of credit risk, the Reserve Bank of India has prescribed regulatory limits on banks’ exposure to individual and Group borrowers which are laid down i
RBI/2012-13/ DBOD.No.BP.BC. /21.06.102/2012-13 August 14, 2012 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir, Management of Intra-Group Transactions and Exposures – Draft Guidelines As a prudential measure aimed at avoiding concentration of credit risk, the Reserve Bank of India has prescribed regulatory limits on banks’ exposure to individual and Group borrowers which are laid down i
ਮਈ 11, 2012
Core Investment Companies - Overseas Investment (Reserve Bank) Directions, 2012
‘DRAFT DIRECTIONS’ All Core Investment Companies May , 2012 Dear Sirs, Core Investment Companies - Overseas Investment (Reserve Bank) Directions, 2012 Short title and commencement of the Directions (a) These Directions shall be known as the Core Investment Companies - Overseas Investment (Reserve Bank) Directions, 2012. (b) These Directions shall come into force with immediate effect. 2. Prior Approval of RBI in cases of Overseas investment by CICs (a) These direction
‘DRAFT DIRECTIONS’ All Core Investment Companies May , 2012 Dear Sirs, Core Investment Companies - Overseas Investment (Reserve Bank) Directions, 2012 Short title and commencement of the Directions (a) These Directions shall be known as the Core Investment Companies - Overseas Investment (Reserve Bank) Directions, 2012. (b) These Directions shall come into force with immediate effect. 2. Prior Approval of RBI in cases of Overseas investment by CICs (a) These direction
ਫ਼ਰ 21, 2012
Liquidity Risk Management and Basel III Framework on Liquidity Standards – Draft Guidelines
RBI No. 2011-12/ DBOD. BP. No. /21.04.098/ 2011-12 February 21, 2012 The Chairmen and Managing Directors / Chief Executive Officers of All Commercial Banks (Excluding RRBs and LABs) Madam/Dear Sir, Liquidity Risk Management and Basel III Framework on Liquidity Standards – Draft Guidelines The recent global financial crisis re-emphasised the importance of sound liquidity risk management framework to the functioning of financial institutions and markets. The reversal in
RBI No. 2011-12/ DBOD. BP. No. /21.04.098/ 2011-12 February 21, 2012 The Chairmen and Managing Directors / Chief Executive Officers of All Commercial Banks (Excluding RRBs and LABs) Madam/Dear Sir, Liquidity Risk Management and Basel III Framework on Liquidity Standards – Draft Guidelines The recent global financial crisis re-emphasised the importance of sound liquidity risk management framework to the functioning of financial institutions and markets. The reversal in
ਫ਼ਰ 14, 2012
Deployment of White Label ATMs (WLAs)
DPSS.CO.PD. No. /02.10.002/2011-2012 February , 2012 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks /. District Central Co-operative Banks Authorised ATM Networks & Prospective White Label ATM operators. Dear Sir; Deployment of White Label ATMs (WLAs) As per the existing rules/regulations only banks are being permitted to set up Automated Teller Machi
DPSS.CO.PD. No. /02.10.002/2011-2012 February , 2012 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks /. District Central Co-operative Banks Authorised ATM Networks & Prospective White Label ATM operators. Dear Sir; Deployment of White Label ATMs (WLAs) As per the existing rules/regulations only banks are being permitted to set up Automated Teller Machi
ਸਤੰ 27, 2011
Revisions to the Guidelines on Securitisation Transactions
RBI/2011-12 DBOD.No.BP. / /21.04.177/2011-12 September 27, 2011 The Chairman and Managing Director / Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs and Local Area Banks) and All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Revisions to the Guidelines on Securitisation Transactions Please refer to paragraph 161 of the Second Quarter Review of the Monetary Policy for the year 2009-10 announced o
RBI/2011-12 DBOD.No.BP. / /21.04.177/2011-12 September 27, 2011 The Chairman and Managing Director / Chief Executive Officers of All Scheduled Commercial Banks (Excluding RRBs and Local Area Banks) and All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Revisions to the Guidelines on Securitisation Transactions Please refer to paragraph 161 of the Second Quarter Review of the Monetary Policy for the year 2009-10 announced o
ਅਗ 29, 2011
Draft Guidelines for Licensing of New Banks in the Private Sector
Over the last two decades, the Reserve Bank licensed twelve banks in the private sector. This happened in two phases. Ten banks were licensed on the basis of guidelines issued in January 1993. The guidelines were revised in January 2001 based on the experience gained from the functioning of these banks, and fresh applications were invited. The applications received in response to this invitation were vetted by a High Level Advisory Committee constituted by the Reserve
Over the last two decades, the Reserve Bank licensed twelve banks in the private sector. This happened in two phases. Ten banks were licensed on the basis of guidelines issued in January 1993. The guidelines were revised in January 2001 based on the experience gained from the functioning of these banks, and fresh applications were invited. The applications received in response to this invitation were vetted by a High Level Advisory Committee constituted by the Reserve
ਅਗ 10, 2011
Implementation of the Internal Rating Based Approaches (IRB) for Calculation of Capital Charge for Credit Risk - Draft Guidelines
DBOD.No.BP. /21.06.001/2011-12 August 10, 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 Approaches (IRB) for Calculation of Capital Charge for Credit Risk - Draft Guidelines Please refer to our circular DBOD.BP.BC.23/21.06.001/2009-10 dated July 7, 2009, inter alia, advising banks that they can apply for migrat
DBOD.No.BP. /21.06.001/2011-12 August 10, 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 Approaches (IRB) for Calculation of Capital Charge for Credit Risk - Draft Guidelines Please refer to our circular DBOD.BP.BC.23/21.06.001/2009-10 dated July 7, 2009, inter alia, advising banks that they can apply for migrat
ਜੁਲਾ 06, 2011
Section 19 of the Banking Regulation Act, 1949 - Equity Investments in subsidiaries and other companies– Draft Guidelines
RBI/2011--12 DBOD.FSD.BC. / /2011-12 July 6, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Section 19 of the Banking Regulation Act, 1949- Equity Investments in subsidiaries and other companies– Draft 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 subsidiaries by banks
RBI/2011--12 DBOD.FSD.BC. / /2011-12 July 6, 2011 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Section 19 of the Banking Regulation Act, 1949- Equity Investments in subsidiaries and other companies– Draft 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 subsidiaries by banks
ਮਈ 04, 2011
Proposed Guidelines on Authorisation of Primary Dealers (PDs) in India
Introduction The system of PDs in the Government Securities (G-Sec) market was introduced in 1995 to strengthen the infrastructure in the G-Sec market, improve secondary market trading system, which would contribute to price discovery, enhance liquidity and turnover and encourage voluntary holding of G-Sec amongst a wider investor base and make PDs an effective conduit for conducting open market operations (OMO). The current guidelines to authorise PDs in the Indian G
Introduction The system of PDs in the Government Securities (G-Sec) market was introduced in 1995 to strengthen the infrastructure in the G-Sec market, improve secondary market trading system, which would contribute to price discovery, enhance liquidity and turnover and encourage voluntary holding of G-Sec amongst a wider investor base and make PDs an effective conduit for conducting open market operations (OMO). The current guidelines to authorise PDs in the Indian G
ਅਪ੍ਰੈ 28, 2011
Deregulation of Savings Bank Deposit Interest Rate : A Discussion Paper
Introduction As a part of financial sector reforms, the Reserve Bank has deregulated interest rates on deposits, other than savings bank deposits. The interest rate on savings bank deposits has remained unchanged at 3.5 per cent per annum since March 1, 2003. Keeping in view progressive deregulation of interest rates, it was proposed in the Second Quarter Review of Monetary Policy 2010-11 announced on November 2, 2010 to prepare a Discussion Paper to delineate the pro
Introduction As a part of financial sector reforms, the Reserve Bank has deregulated interest rates on deposits, other than savings bank deposits. The interest rate on savings bank deposits has remained unchanged at 3.5 per cent per annum since March 1, 2003. Keeping in view progressive deregulation of interest rates, it was proposed in the Second Quarter Review of Monetary Policy 2010-11 announced on November 2, 2010 to prepare a Discussion Paper to delineate the pro
ਫ਼ਰ 23, 2011
Draft Guidelines on Credit Default Swaps for Corporate Bonds
1. Objective The objective of introducing Credit Default Swaps (CDS) on corporate bonds is to provide market participants a tool to transfer and manage credit risk in an effective manner through redistribution of risk. CDS as a risk management product offers the participants the ability to hive off credit risk and also to assume credit risk which otherwise may not be possible. Since CDS have benefits like enhancing investment and borrowing opportunities and reducing t
1. Objective The objective of introducing Credit Default Swaps (CDS) on corporate bonds is to provide market participants a tool to transfer and manage credit risk in an effective manner through redistribution of risk. CDS as a risk management product offers the participants the ability to hive off credit risk and also to assume credit risk which otherwise may not be possible. Since CDS have benefits like enhancing investment and borrowing opportunities and reducing t
ਜਨ 21, 2011
Discussion Paper- Presence of foreign banks in India
1. Introduction 1.1 In 2005, the Reserve Bank released the “Road map for presence of foreign banks in India” laying out a two track and gradualist approach aimed at increasing the efficiency and stability of the banking sector in India. One track was the consolidation of the domestic banking system, both in private and public sectors, and the second track was the gradual enhancement of foreign banks in a synchronised manner. The Road map was divided into two phases, t
1. Introduction 1.1 In 2005, the Reserve Bank released the “Road map for presence of foreign banks in India” laying out a two track and gradualist approach aimed at increasing the efficiency and stability of the banking sector in India. One track was the consolidation of the domestic banking system, both in private and public sectors, and the second track was the gradual enhancement of foreign banks in a synchronised manner. The Road map was divided into two phases, t
ਜਨ 06, 2011
Implementation of the Advanced Measurement Approach (AMA) for Calculation of Capital Charge for Operational Risk - Draft Guidelines
DBOD.No.BP.BC. /21.06.014/2010-11 January 6, 2011 The Chairmen and Managing Directors / Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks and Local Area Banks) Dear Sir, Implementation of the Advanced Measurement Approach (AMA) for Calculation of Capital Charge for Operational Risk - Draft Guidelines Please refer to our circular DBOD.BP.BC.23/21.06.001/2009-10 dated July 7, 2009, inter alia advising banks that they can apply for migratin
DBOD.No.BP.BC. /21.06.014/2010-11 January 6, 2011 The Chairmen and Managing Directors / Chief Executive Officers of All Commercial Banks (excluding Regional Rural Banks and Local Area Banks) Dear Sir, Implementation of the Advanced Measurement Approach (AMA) for Calculation of Capital Charge for Operational Risk - Draft Guidelines Please refer to our circular DBOD.BP.BC.23/21.06.001/2009-10 dated July 7, 2009, inter alia advising banks that they can apply for migratin
ਅਗ 17, 2010
RBI releases Discussion Paper on Entry of New Banks in the Private Sector
1. INTRODUCTION 1.1 The Union Finance Minister, in his budget speech for the year 2010-11 had announced that ‘The Indian banking system has emerged unscathed from the crisis. We need to ensure that the banking system grows in size and sophistication to meet the needs of a modern economy. Besides, there is a need to extend the geographic coverage of banks and improve access to banking services. In this context, I am happy to inform the Honourable Members that the RBI i
1. INTRODUCTION 1.1 The Union Finance Minister, in his budget speech for the year 2010-11 had announced that ‘The Indian banking system has emerged unscathed from the crisis. We need to ensure that the banking system grows in size and sophistication to meet the needs of a modern economy. Besides, there is a need to extend the geographic coverage of banks and improve access to banking services. In this context, I am happy to inform the Honourable Members that the RBI i
ਅਗ 02, 2010
Discussion Paper on Engagement of 'for-profit' Companies as Business Correspondents
Introduction 1. The purpose of this paper is to seek the views / comments of banks, non-banking financial institutions, ‘for-profit’ companies, regulators, academicians, NGOs and the public at large on the discussion on whether there is a case for allowing banks to engage ‘for-profit’ companies as well as NBFCs as their Business Correspondents for expanding their banking outreach. Business Correspondent model 2. The Reserve Bank of India has taken several initiatives
Introduction 1. The purpose of this paper is to seek the views / comments of banks, non-banking financial institutions, ‘for-profit’ companies, regulators, academicians, NGOs and the public at large on the discussion on whether there is a case for allowing banks to engage ‘for-profit’ companies as well as NBFCs as their Business Correspondents for expanding their banking outreach. Business Correspondent model 2. The Reserve Bank of India has taken several initiatives
ਜੁਲਾ 02, 2010
Guidelines on Compensation of Whole Time Directors/Chief Executive Officers/Risk takers and Control function staff
DBOD No.BC. /29.67.001/2010-11 July 1, 2010 To All banks in Private Sector and Local Area Banks and all Foreign Banks operating in India Dear Sir/ Madam, Guidelines on Compensation of Whole Time Directors/Chief Executive Officers/Risk takers and Control function staff Flawed incentive compensation practices in the financial sector were one of the important factors contributing to the recent global financial crisis. Employees were too often rewarded for increasing the
DBOD No.BC. /29.67.001/2010-11 July 1, 2010 To All banks in Private Sector and Local Area Banks and all Foreign Banks operating in India Dear Sir/ Madam, Guidelines on Compensation of Whole Time Directors/Chief Executive Officers/Risk takers and Control function staff Flawed incentive compensation practices in the financial sector were one of the important factors contributing to the recent global financial crisis. Employees were too often rewarded for increasing the
ਜੂਨ 03, 2010
Securitisation Transactions by NBFCs- Draft Guidelines on Minimum Holding Period and Minimum Retention requirement
Detailed Guidelines on Securitisation of Standard Assets were issued to NBFCs vide Circular DBOD.NO.BP.BC.60/21.04.048/2005-06 dated February 01, 2006. 2. In order to prevent unhealthy practices from developing and in order to align the interest of the originator with that of the investors, it has been considered necessary that originators should retain a portion of each securitization originated, as a mechanism to better align incentives and ensure more effective scr
Detailed Guidelines on Securitisation of Standard Assets were issued to NBFCs vide Circular DBOD.NO.BP.BC.60/21.04.048/2005-06 dated February 01, 2006. 2. In order to prevent unhealthy practices from developing and in order to align the interest of the originator with that of the investors, it has been considered necessary that originators should retain a portion of each securitization originated, as a mechanism to better align incentives and ensure more effective scr
ਅਪ੍ਰੈ 21, 2010
Proposed Regulatory Framework for Systemically Important Non Deposit Accepting Core Investment Companies(CICs-ND-SI)
DNBS (PD) CC.No. /03.10.001/2009-10 April 21, 2010 Proposed Regulatory Framework for Systemically Important Non Deposit Accepting Core Investment Companies(CICs-ND-SI) Core Investment Companies (CICs) were not considered as carrying on the business of acquisition of shares and securities in the following circumstances, namely, not less than 90% of their assets were in investments in shares for the purpose of holding stake in the investee companies; they were not tradi
DNBS (PD) CC.No. /03.10.001/2009-10 April 21, 2010 Proposed Regulatory Framework for Systemically Important Non Deposit Accepting Core Investment Companies(CICs-ND-SI) Core Investment Companies (CICs) were not considered as carrying on the business of acquisition of shares and securities in the following circumstances, namely, not less than 90% of their assets were in investments in shares for the purpose of holding stake in the investee companies; they were not tradi
ਅਪ੍ਰੈ 19, 2010
Second Quarter Review of Monetary Policy for the Year 2009-10 – Securitisation Transactions- Draft Guidelines
RBI/2009-10/ DBOD.No.BP.BC. / /2009-10 April 19, 2010 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks (Excluding RRBs and Local Area Banks) Dear Sir, Second Quarter Review of Monetary Policy for the Year 2009-10 – Securitisation Transactions- Draft Guidelines Please refer to paragraph 161 of the Second Quarter Review of the Monetary Policy for the year 2009-10 announced on October 27, 2009 (copy of the paragraph enclosed),
RBI/2009-10/ DBOD.No.BP.BC. / /2009-10 April 19, 2010 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks (Excluding RRBs and Local Area Banks) Dear Sir, Second Quarter Review of Monetary Policy for the Year 2009-10 – Securitisation Transactions- Draft Guidelines Please refer to paragraph 161 of the Second Quarter Review of the Monetary Policy for the year 2009-10 announced on October 27, 2009 (copy of the paragraph enclosed),
ਫ਼ਰ 17, 2010
Implementation of The Standardised Approach (TSA) for Calculation of Capital Charge for Operational Risk- Draft Guidelines
DBOD.BP.BC. 14054/21.06.001/2009-10 February 11, 2010 The Chairman and Managing Directors/ Chief Executive Officers of All Commercial Banks Dear Sir Implementation of The Standardised Approach (TSA) for Calculation of Capital Charge for Operational Risk- Draft Guidelines Please refer to our circular DBOD BP. BC. 23/21.06.001/2009-10 dated July 7, 2009, inter alia advising banks that they can apply for migrating to The Standardised Approach and Alternative Standardised
DBOD.BP.BC. 14054/21.06.001/2009-10 February 11, 2010 The Chairman and Managing Directors/ Chief Executive Officers of All Commercial Banks Dear Sir Implementation of The Standardised Approach (TSA) for Calculation of Capital Charge for Operational Risk- Draft Guidelines Please refer to our circular DBOD BP. BC. 23/21.06.001/2009-10 dated July 7, 2009, inter alia advising banks that they can apply for migrating to The Standardised Approach and Alternative Standardised
ਫ਼ਰ 10, 2010
Guidelines on the Base Rate
Draft Circular RBI/2009-10/ Ref.No.MPD.BC. /10.14.01/2009-10 February , 2010 Magha , 1931(S) To All Scheduled Commercial Banks Guidelines on the Base Rate Following the announcement in the Annual Policy Statement for the year 2009-10, the Reserve Bank constituted a Working Group on Benchmark Prime Lending Rate (Chairman: Shri Deepak Mohanty) to review the present benchmark prime lending rate (BPLR) system and suggest changes to make credit pricing more transparent. Th
Draft Circular RBI/2009-10/ Ref.No.MPD.BC. /10.14.01/2009-10 February , 2010 Magha , 1931(S) To All Scheduled Commercial Banks Guidelines on the Base Rate Following the announcement in the Annual Policy Statement for the year 2009-10, the Reserve Bank constituted a Working Group on Benchmark Prime Lending Rate (Chairman: Shri Deepak Mohanty) to review the present benchmark prime lending rate (BPLR) system and suggest changes to make credit pricing more transparent. Th
ਜਨ 08, 2010
Discussion paper on Regulation of Off-Balance Sheet Activities of Banks
Discussion paper on Regulation of Off-Balance Sheet Activities of Banks
Discussion paper on Regulation of Off-Balance Sheet Activities of Banks
ਦਸੰ 23, 2009
Note Authentication and Fitness Sorting Parameters
1. Introduction These parameters provide the minimum standards for cash handling machines used by banks (hereinafter called ‘the machines’). Notes can only be recycled/reissued if they are evaluated as genuine and fit according to these parameters. Authenticity check is a prerequisite for fitness sorting. Fitness sorting can be done only in case of genuine notes. The machines shall be able to identify and separate suspected counterfeits and notes which are unfit for c
1. Introduction These parameters provide the minimum standards for cash handling machines used by banks (hereinafter called ‘the machines’). Notes can only be recycled/reissued if they are evaluated as genuine and fit according to these parameters. Authenticity check is a prerequisite for fitness sorting. Fitness sorting can be done only in case of genuine notes. The machines shall be able to identify and separate suspected counterfeits and notes which are unfit for c
ਨਵੰ 12, 2009
Comprehensive Guidelines on Foreign Exchange Derivatives and Hedging Commodity Price Risk and Freight Risk Overseas
ANNEX I Comprehensive Guidelines on Foreign Exchange Derivatives and Hedging Commodity Price Risk and Freight Risk Overseas Given below is a description of the categories of persons who are permitted to access the OTC foreign exchange market in India for managing exchange rate risks as also the menu of permitted products that can be used for hedging different categories of exchange rate exposures. Additionally, the facilities for residents to hedge commodity price ris
ANNEX I Comprehensive Guidelines on Foreign Exchange Derivatives and Hedging Commodity Price Risk and Freight Risk Overseas Given below is a description of the categories of persons who are permitted to access the OTC foreign exchange market in India for managing exchange rate risks as also the menu of permitted products that can be used for hedging different categories of exchange rate exposures. Additionally, the facilities for residents to hedge commodity price ris
ਨਵੰ 03, 2009
Draft guidelines for issuance of Non-Convertible Debentures (NCDs) of maturity less than one year
Annex Draft guidelines for issuance of Non-Convertible Debentures (NCDs) of maturity less than one year 1. Definition For the purpose of these guidelines, Non-Convertible Debentures (NCDs) will mean secured, negotiable money market instruments with original maturity of less than one year issued by corporates (including NBFCs) to meet their short term funding requirements, issued by way of private placement with investors. The guidelines also cover NCDs with original m
Annex Draft guidelines for issuance of Non-Convertible Debentures (NCDs) of maturity less than one year 1. Definition For the purpose of these guidelines, Non-Convertible Debentures (NCDs) will mean secured, negotiable money market instruments with original maturity of less than one year issued by corporates (including NBFCs) to meet their short term funding requirements, issued by way of private placement with investors. The guidelines also cover NCDs with original m
ਸਤੰ 17, 2009
Draft Guidelines on Repo in Corporate Debt Securities
The Mid-Term Review of the Annual Policy for the year 2007-08 had indicated that the Reserve Bank will permit market repo in corporate bonds once the corporate debt market develops and the Reserve Bank is assured of the availability of fair prices, and an efficient and safe settlement system based on delivery versus payment (DvP) III and Straight Through Processing (STP) is in place. In pursuance thereof, as indicated in the Annual Policy Statement for the year 2009-1
The Mid-Term Review of the Annual Policy for the year 2007-08 had indicated that the Reserve Bank will permit market repo in corporate bonds once the corporate debt market develops and the Reserve Bank is assured of the availability of fair prices, and an efficient and safe settlement system based on delivery versus payment (DvP) III and Straight Through Processing (STP) is in place. In pursuance thereof, as indicated in the Annual Policy Statement for the year 2009-1
ਜਨ 30, 2009
Draft Guidelines for issuance and operation of Prepaid Payment Instruments in India
Draft Guidelines for issuance and operation of Prepaid Payment Instruments in India A. Purpose To provide a framework for the regulation and supervision of all the entities involved in issuance of Prepaid Payment Instruments in the country and to ensure orderly development of this segment of the payments and settlement system in a prudent and customer friendly manner. B. Scope These guidelines lay down the eligibility criteria and the basic conditions for issuance of
Draft Guidelines for issuance and operation of Prepaid Payment Instruments in India A. Purpose To provide a framework for the regulation and supervision of all the entities involved in issuance of Prepaid Payment Instruments in the country and to ensure orderly development of this segment of the payments and settlement system in a prudent and customer friendly manner. B. Scope These guidelines lay down the eligibility criteria and the basic conditions for issuance of
ਜਨ 07, 2009
Draft Guidelines on Classification of Exposures as Commercial Real Estate (CRE) Exposures
DBOD. No. BP.11021/ 08.12.015/ 2008-09January 7, 2009All Commercial Banks (excluding RRBs & LABs)</P>Dear Sir,Draft Guidelines on Classification of Exposures as Commercial Real Estate (CRE) ExposuresPlease refer to our circular DBS.CO.PP.BC.21/11.01.005/2004-05 dated June 29, 2005 on the captioned subject, inter alia, defining CRE Exposures (Please see Annex). In view of a number of queries received from banks and other quarters as to whether or not certain
DBOD. No. BP.11021/ 08.12.015/ 2008-09January 7, 2009All Commercial Banks (excluding RRBs & LABs)</P>Dear Sir,Draft Guidelines on Classification of Exposures as Commercial Real Estate (CRE) ExposuresPlease refer to our circular DBS.CO.PP.BC.21/11.01.005/2004-05 dated June 29, 2005 on the captioned subject, inter alia, defining CRE Exposures (Please see Annex). In view of a number of queries received from banks and other quarters as to whether or not certain
ਦਸੰ 19, 2008
Reporting under FDI Scheme – Transfer of Shares/Convertible Debentures - Revised procedure
RBI/2008-09/A. P. (DIR Series) Circular No.December , 2008ToAll Category - I Authorised Dealer BanksMadam / Sir, Reporting under FDI Scheme – Transfer of Shares/Convertible Debentures - Revised procedureAttention of Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No.16 dated October 4, 2004 wherein, it has been stipulated that in case of transfer of shares or convertible debentures of an Indian Company from a resident t
RBI/2008-09/A. P. (DIR Series) Circular No.December , 2008ToAll Category - I Authorised Dealer BanksMadam / Sir, Reporting under FDI Scheme – Transfer of Shares/Convertible Debentures - Revised procedureAttention of Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No.16 dated October 4, 2004 wherein, it has been stipulated that in case of transfer of shares or convertible debentures of an Indian Company from a resident t
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