Ref.IECD.No. 23/04.02.02/2001-02May 7, 2002The Chairmen/Chief Executivesof all commercial banksDear Sir,Concessive Rupee Export Creditfor Deemed ExportsAs you are aware, in terms of instructions contained in Master Circular IECD No.14/04.02.02/2001-02 dated November 22, 2001, banks are permitted to extend export credit at concessional rate of interest to deemed exporters (as defined in Exim Policy). It has been represented to us that some of such exporters do not get

Telegrams:'Reservbank'MumbaiTelephone 266 1602Fax 022-266 0407RBInet – bomiecdE-Mail-rbibiecd@giasbmo1.vsnl.net.in Reserve Bank of IndiaIndustrial & Export Credit DepartmentCentral Office,Central Office Building,Post Bag - 10030,Mumbai - 400 001. IECD.No.19/04.02.01/2001-02 April 19, 2002 The Chairmen/Chief Executives of all commercial banks Dear Sir Special Financial Package for large value exports - Rupee credit interest rates Please refer to our circular IECD.N

IDMC.No.PDRS/ 4240 /10.02.01/2001-02March 26, 2002All Primary Dealers and Satellite Dealersin the Government Securities MarketDear Sirs,Ready Forward ContractsIn terms of the Notification No.S.O.185 (E) dated 1st March 2000 issued by Reserve Bank of India under powers derived under section 29A of the Securities Contracts (Regulation) Act, 1956, ready forward contracts in all Government Securities put through Subsidiary General Accounts with Reserve Bank of India, in a

RPCD. SP. BC NO. 66 / 09.16.01 /2001-02March 07, 2002The Chairman / Managing Director,All Indian Scheduled Commercial Banks,(Except RRBs)Dear Sir, Accounting of subsidy amount under SJSRYPlease refer to our circular No. RPCD. SP. BC. 100/ 09.16.01/ 98-99 dated May 29, 1999, wherein banks were advised that the subsidy amount under USEP/DWCUA component of SJSRY is to be treated as back ended subsidy. Some banks have been seeking clarifications in regard to accounting pr

DS. PCB. CIR 32 /13.04.00/2001-0202 March 2002The Chief Executive Officers, All Primary(Urban) Co-operative Banks.Dear Sir/Madam,Interest rates on advancesPlease refer to our circular No. DS.PCB.CIR 64/13.04.00/1994-95 dated 20 June 1995 forwarding therewith directive UBD No. DS.PCB.DIR 19/13.04.00/1994-95 of the same date prescribing Minimum Lending Rate (MLR) of 13% per annum. 2. Recently, a number of urban co-operative banks and their Federations have represented t

RESERVE BANK OF INDIAINDUSTRIAL & EXPORT CREDIT DEPARTMENTCENTRAL OFFICE,CENTRAL OFFICE BUILDING,POST BAG - 10030,MUMBAI - 400 001IECD.No.12 /04.02.01/2001-2002November 22, 2001The Chairmen/Chief Executives of all commercial banksDear Sir Special Financial Package for large valueexports - Rupee credit interest ratesPlease refer to our circular IECD.No.5/04.02.01/2001-2002 dated September 24, 2001. It has been decided in consultation with Government of India to inc

IECD.No.5/04.02.01/2001-2002 September 24, 2001The Chairmen/Chief Executives of all commercial banksDear Sir, Rupee credit interest ratesPlease refer to our circular IECD.No.4/04.02.01/2001-02 dated September 24, 2001 on rupee export credit interest rates. We have received representations that large export projects in India are in need of bank credit for an extended period at internationally competitive terms. The issue has been examined in the light of export competi

March 7, 2000 IDMC.No.PDRS.3346 /10.02.01/99-2000 To, All Primary Dealers and Satellite Dealersin the Government securities marketDear Sirs, Ready Forward contractsIn terms of Notification No.S.O.2561 dated 27th June 1969 issued by Government of India under section 16 of the Securities Contracts (Regulation) Act, 1956 all forward contracts in securities had been banned excepting ready forward transactions specifically exempted by the Government. Government of Ind

RESERVE BANK OF INDIARural Planning & Credit DepartmentCENTRAL OFFICECentral Office Building,13th FloorMumbai - 400 001Ref. NO.RPCD.SP .BC 23 / 09 .01 .01 / 99 -2000The Chairman/Managing DirectorAll Indian Scheduled Commercial Banks(Excluding RRBs)Dear SirSwarnjayanti Gram Swarozgar Yojana (SGSY)The Ministry of Rural Development, Government of India have launched a new programme known as "Swarnjayanti Gram Swarozgar Yojana"(SGSY) by restructuring the existing sche

Also Refer RPCD.No.PLFS.BC./2/05.04.02 /2002-2003 dt 03-08-02 RPCD.No.RF.BC.80/07.37.02/98-99 dt 09-03-99 RPCD.No.PLFS.BC.128/05.04.02\97-98   June 20, 1998 All scheduled commercial banks Dear Sir, Relief Measures to Persons Affected by Natural Calamities - Agricultural Advances Please refer to our circular RPCD.No.PS.BC.6/PS.126-84 dated August 2, 1984 on the captioned subject. 2. In the context of the experience gained by banks in implementa