Regulating Commercial Banking

Grant of ‘Certificate of Registration’ - For commencing business of credit information - Experian Credit Information Company of India Private Ltd

RBI/2009-10/345 DBOD.No.DL.15214 /20.16.042/2009-10 March 04, 2010 Chairmen / Chief Executive Officers, All Scheduled Commercial Banks (excluding Regional Rural Banks) & All India Financial Institutions Dear Sir, Grant of ‘Certificate of Registration’ - For commencing business of credit information – Experian Credit Information Company of India Private Ltd Please refer to our circular DBOD No.DL.11590/20.16.034/2007-08 dated February 27, 2008 advising banks/FIs in

RBI/2009-10/345 DBOD.No.DL.15214 /20.16.042/2009-10 March 04, 2010 Chairmen / Chief Executive Officers, All Scheduled Commercial Banks (excluding Regional Rural Banks) & All India Financial Institutions Dear Sir, Grant of ‘Certificate of Registration’ - For commencing business of credit information – Experian Credit Information Company of India Private Ltd Please refer to our circular DBOD No.DL.11590/20.16.034/2007-08 dated February 27, 2008 advising banks/FIs in

Grant of ‘Certificate of Registration’ - For commencing business of credit information - Experian Credit Information Company of India Private Ltd

Repayment of Gold Loan

RBI/2009-10/342 RPCD.CO.RF.BC.No.60/07.37.02/2009-10 March 5, 2010 All State and District Central Co-operative Banks Dear Sir, Repayment of Gold Loan State and Central Co-operative Banks grant loans for various purposes against the security of gold /gold ornaments as part of their lending policy. As per extant instructions (c.f. our circular RPCD.RF.BC.No.69/07.37.02/2002-03 dated January 31, 2003), banks charge interest at monthly rests on loans and advances granted

RBI/2009-10/342 RPCD.CO.RF.BC.No.60/07.37.02/2009-10 March 5, 2010 All State and District Central Co-operative Banks Dear Sir, Repayment of Gold Loan State and Central Co-operative Banks grant loans for various purposes against the security of gold /gold ornaments as part of their lending policy. As per extant instructions (c.f. our circular RPCD.RF.BC.No.69/07.37.02/2002-03 dated January 31, 2003), banks charge interest at monthly rests on loans and advances granted

Repayment of Gold Loan

UCBs - Payment of Interest on Savings Bank Account on Daily Product Basis

RBI/2009-10/339 UBD (PCB) BPD.Cir.No. 48/13.01.000 / 2009-10 March 4, 2010 Chief Executive Officer All Primary (Urban) Cooperative Banks Dear Sir, Payment of Interest on Savings Bank Account on Daily Product Basis Please refer to our circular UBD (PCB) BPD.Cir.No. 7/13.01.000/2009-10 dated September 1, 2009 advising banks to put in place requisite infrastructure so that transition to the revised procedure of calculating interest on balances in savings bank accounts on

RBI/2009-10/339 UBD (PCB) BPD.Cir.No. 48/13.01.000 / 2009-10 March 4, 2010 Chief Executive Officer All Primary (Urban) Cooperative Banks Dear Sir, Payment of Interest on Savings Bank Account on Daily Product Basis Please refer to our circular UBD (PCB) BPD.Cir.No. 7/13.01.000/2009-10 dated September 1, 2009 advising banks to put in place requisite infrastructure so that transition to the revised procedure of calculating interest on balances in savings bank accounts on

UCBs - Payment of Interest on Savings Bank Account on Daily Product Basis

Review of bilateral clearing arrangements between banks - Regional Rural Banks

RBI/2009-10/332 RPCD.CO RRB.BC.No.58/03.05.33/2009-10 March 2, 2010 The Chairman All Regional Rural Banks (RRBs) Dear Sir, Review of bilateral clearing arrangements between banks – Regional Rural Banks As you are aware, for convenient, cost-effective and quick processing and settlement of clearing instruments arising out of normal business activities of banks, an elaborate Clearing House infrastructure is in place in the country. Currently operational at most location

RBI/2009-10/332 RPCD.CO RRB.BC.No.58/03.05.33/2009-10 March 2, 2010 The Chairman All Regional Rural Banks (RRBs) Dear Sir, Review of bilateral clearing arrangements between banks – Regional Rural Banks As you are aware, for convenient, cost-effective and quick processing and settlement of clearing instruments arising out of normal business activities of banks, an elaborate Clearing House infrastructure is in place in the country. Currently operational at most location

Review of bilateral clearing arrangements between banks - Regional Rural Banks

StCBS/DCCBs - List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation

RBI/2009-10/330 RPCD.CO.RF.AML.No.8956 /07.02.12/2009-10 @@NBSP@@March 2, 2010 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RF.AML.No.7031/07.02.12/2009-10 dated December 29, 2009. @@NBSP@@We have since received from Government of India (Ministry of External Affairs) copy of note d

RBI/2009-10/330 RPCD.CO.RF.AML.No.8956 /07.02.12/2009-10 @@NBSP@@March 2, 2010 The Chairmen / CEOs of all State and Central Co-operative Banks Dear Sir, List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation Please refer to our circular letter RPCD.CO.RF.AML.No.7031/07.02.12/2009-10 dated December 29, 2009. @@NBSP@@We have since received from Government of India (Ministry of External Affairs) copy of note d

StCBS/DCCBs - List of Terrorist Individuals/Organisations - under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation

Report of the High Level Committee to Review Lead Bank Scheme - Implementation of the recommendations

RBI/2009-10/331 RPCD.CO.LBS.HLC.BC.No. 57@@NBSP@@ /02.19.10/2009-10 March 2, 2010 The Chairmen/ CMDs All Lead Banks/All Scheduled Commercial Banks Dear Sir, Report of the High Level Committee to Review Lead Bank Scheme- Implementation of the recommendations Over a period of four decades, since the inception of the Lead Bank Scheme (LBS), several changes have taken place necessitating a relook at the scheme to make it more effective in the changed economic scenario wit

RBI/2009-10/331 RPCD.CO.LBS.HLC.BC.No. 57@@NBSP@@ /02.19.10/2009-10 March 2, 2010 The Chairmen/ CMDs All Lead Banks/All Scheduled Commercial Banks Dear Sir, Report of the High Level Committee to Review Lead Bank Scheme- Implementation of the recommendations Over a period of four decades, since the inception of the Lead Bank Scheme (LBS), several changes have taken place necessitating a relook at the scheme to make it more effective in the changed economic scenario wit

Report of the High Level Committee to Review Lead Bank Scheme - Implementation of the recommendations

Report of the High Level Committee to Review Lead Bank Scheme - Implementation of the recommendations

RBI/2009-10/329 RPCD.CO.LBS.HLC.BC.No.56@@NBSP@@ /02.19.10/2009-10 February 26, 2010 CMDs of all SLBC Convenor Banks Dear Sir, Report of the High Level Committee to Review Lead Bank Scheme - Implementation of the recommendations Over a period of four decades, since the inception of the Lead Bank Scheme (LBS), several changes have taken place necessitating a relook at the scheme to make it more effective in the changed economic scenario with sharper focus on financial

RBI/2009-10/329 RPCD.CO.LBS.HLC.BC.No.56@@NBSP@@ /02.19.10/2009-10 February 26, 2010 CMDs of all SLBC Convenor Banks Dear Sir, Report of the High Level Committee to Review Lead Bank Scheme - Implementation of the recommendations Over a period of four decades, since the inception of the Lead Bank Scheme (LBS), several changes have taken place necessitating a relook at the scheme to make it more effective in the changed economic scenario with sharper focus on financial

Report of the High Level Committee to Review Lead Bank Scheme - Implementation of the recommendations

Standardisation and Enhancement of Security Features in Cheque Forms

RBI/2009-10/323 DPSS.CO.CHD.No. 1832/ 04.07.05 /2009-10 February 22, 2010 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam / Dear Sir, Standardisation and Enhancement of Security Features in Cheque Forms Paper-based cheque clearing continues to be one of the popular modes of initiating payment transactions in the c

RBI/2009-10/323 DPSS.CO.CHD.No. 1832/ 04.07.05 /2009-10 February 22, 2010 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam / Dear Sir, Standardisation and Enhancement of Security Features in Cheque Forms Paper-based cheque clearing continues to be one of the popular modes of initiating payment transactions in the c

Standardisation and Enhancement of Security Features in Cheque Forms

Payment of Interest on Savings Bank Account on Daily Product Basis

RBI/2009-10/322 DBOD. No. Dir. BC 77/13.03.00/2009-10 @@NBSP@@February 19, 2010 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir Payment of Interest on Savings Bank Account on Daily Product Basis Please refer to our circular DBOD. No. Dir. BC.128/13.03.00/2008-09 dated April 24, 2009 advising banks that in view of the present satisfactory level of computerisation in commercial bank branches, it is proposed that payment of interest on savings bank accounts by s

RBI/2009-10/322 DBOD. No. Dir. BC 77/13.03.00/2009-10 @@NBSP@@February 19, 2010 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir Payment of Interest on Savings Bank Account on Daily Product Basis Please refer to our circular DBOD. No. Dir. BC.128/13.03.00/2008-09 dated April 24, 2009 advising banks that in view of the present satisfactory level of computerisation in commercial bank branches, it is proposed that payment of interest on savings bank accounts by s

Payment of Interest on Savings Bank Account on Daily Product Basis

Review of bilateral clearing arrangements between banks - State and Central Co-operative Banks

RBI/2009-10/319 RPCD.CO.RF.BC. No. 55 /07.38.03/2009-10 February 18, 2010 All State and Central Co-operative Banks Madam/ Dear Sir Review of bilateral clearing arrangements between banks – State and Central Co-operative Banks As you are aware, for convenient, cost-effective and quick processing and settlement of clearing instruments arising out of normal business activities of banks, an elaborate Clearing House infrastructure is in place in the country. Currently oper

RBI/2009-10/319 RPCD.CO.RF.BC. No. 55 /07.38.03/2009-10 February 18, 2010 All State and Central Co-operative Banks Madam/ Dear Sir Review of bilateral clearing arrangements between banks – State and Central Co-operative Banks As you are aware, for convenient, cost-effective and quick processing and settlement of clearing instruments arising out of normal business activities of banks, an elaborate Clearing House infrastructure is in place in the country. Currently oper

Review of bilateral clearing arrangements between banks - State and Central Co-operative Banks