Guidelines on Exchange Traded Interest Rate Derivatives

RBI/2009-10/141 IDMD.PDRD.No. 1056/03.64.00/2009-10 September 1, 2009 All Stand-alone Primary Dealers Dear Sir Guidelines on Exchange Traded Interest Rate Derivatives Please refer to the directions contained in Interest Rate Futures (Reserve Bank) Directions, 2009 [Notification No.FMD.1 / ED(VKS) - 2009 dated August 28, 2009] issued by the Reserve Bank of India. 2. Guidelines on risk management, accounting norms, etc. to be followed by the Primary Dealers (PDs) were i

RBI/2009-10/141 IDMD.PDRD.No. 1056/03.64.00/2009-10 September 1, 2009 All Stand-alone Primary Dealers Dear Sir Guidelines on Exchange Traded Interest Rate Derivatives Please refer to the directions contained in Interest Rate Futures (Reserve Bank) Directions, 2009 [Notification No.FMD.1 / ED(VKS) - 2009 dated August 28, 2009] issued by the Reserve Bank of India. 2. Guidelines on risk management, accounting norms, etc. to be followed by the Primary Dealers (PDs) were i

Guidelines on Exchange Traded Interest Rate Derivatives

Cash Management Bills eligible as SLR Securities

RBI/2009-10/139 Ref: DBOD.No.Ret.BC.36/12.02.001/2009-10 September 01, 2009 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 24 of the Banking Regulation Act, 1949 Maintenance of Statutory Liquidity Ratio (SLR) Please refer to the Reserve Bank Press Release: 2009-2010/227 dated August 10, 2009 on the issuance of Government of India Cash Management Bills. We advise that the proposed cash management bill will be treated as Government of

RBI/2009-10/139 Ref: DBOD.No.Ret.BC.36/12.02.001/2009-10 September 01, 2009 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 24 of the Banking Regulation Act, 1949 Maintenance of Statutory Liquidity Ratio (SLR) Please refer to the Reserve Bank Press Release: 2009-2010/227 dated August 10, 2009 on the issuance of Government of India Cash Management Bills. We advise that the proposed cash management bill will be treated as Government of

Cash Management Bills eligible as SLR Securities

Payment of interest on Savings Bank Account on a Daily Product Basis - UCBs

RBI/2009-10/140 UBD (PCB) BPD Cir No. 7 /13.01.000/2009-10 September 01, 2009 Chief Executive Officer of All Primary (urban) Cooperative Banks Dear Sir/ Madam Payment of interest on Savings Bank Account on a Daily Product Basis – UCBs. Please refer to the Directive UBD.DC.102/V.1-86/87@@NBSP@@dated June 25, 1987 in terms of which UCBs were instructed that interest on savings deposits should be calculated on the minimum balance to the credit of the deposit account duri

RBI/2009-10/140 UBD (PCB) BPD Cir No. 7 /13.01.000/2009-10 September 01, 2009 Chief Executive Officer of All Primary (urban) Cooperative Banks Dear Sir/ Madam Payment of interest on Savings Bank Account on a Daily Product Basis – UCBs. Please refer to the Directive UBD.DC.102/V.1-86/87@@NBSP@@dated June 25, 1987 in terms of which UCBs were instructed that interest on savings deposits should be calculated on the minimum balance to the credit of the deposit account duri

Payment of interest on Savings Bank Account on a Daily Product Basis - UCBs

Investment Portfolio of Primary Dealers-Relaxation in the existing norms

RBI/2009-10/136 IDMD.PDRD.No. 1050/ 03.64.00/2009-10 August 31, 2009 All Standalone Primary Dealers Dear Sir, Investment Portfolio of Primary Dealers-Relaxation in the existing norms Please refer to our Master Circular RBI/2009-2010/56 IDMD.PDRS. 01 / 03.64.00 / 2009-10 dated July 1, 2009 on Operational Guidelines to Primary Dealers containing, inter alia, guidelines on investments in Government securities. 2.@@NBSP@@The existing guidelines do not allow Primary Dealer

RBI/2009-10/136 IDMD.PDRD.No. 1050/ 03.64.00/2009-10 August 31, 2009 All Standalone Primary Dealers Dear Sir, Investment Portfolio of Primary Dealers-Relaxation in the existing norms Please refer to our Master Circular RBI/2009-2010/56 IDMD.PDRS. 01 / 03.64.00 / 2009-10 dated July 1, 2009 on Operational Guidelines to Primary Dealers containing, inter alia, guidelines on investments in Government securities. 2.@@NBSP@@The existing guidelines do not allow Primary Dealer

Investment Portfolio of Primary Dealers-Relaxation in the existing norms

UCBs - Forms of Business in which Banking Companies may Engage

RBI/2009-10/138 UBD.CO.BSD. (SCB). No.5/12.09.009/2009-10 August 31, 2009 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir, Section 6 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Forms of Business in which banking companies may engage A reference is invited to Section 6 (1)(f) of the Banking Regulation Act (B.R. Act), 1949 (AACS), in terms of which banks may also engage in managing, selling and realizing an

RBI/2009-10/138 UBD.CO.BSD. (SCB). No.5/12.09.009/2009-10 August 31, 2009 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir, Section 6 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Forms of Business in which banking companies may engage A reference is invited to Section 6 (1)(f) of the Banking Regulation Act (B.R. Act), 1949 (AACS), in terms of which banks may also engage in managing, selling and realizing an

UCBs - Forms of Business in which Banking Companies may Engage

Agricultural Debt Waiver and Debt Relief Scheme, 2008 - Prudential Norms

RBI/2009-10/137 DBOD.No.BP.BC. 35/21.04.048/2009-10 August 31, 2009 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (including Local Area Banks) (Excluding RRBs) Dear Sir Agricultural Debt Waiver and Debt Relief Scheme, 2008 – Prudential Norms on Income Recognition, Asset Classification, Provisioning and Capital Adequacy Please refer to our circulars DBOD.No.BP.BC. 26/21.04.048/2008-09@@NBSP@@dated July 30, 2008, DBOD.No.BP.B

RBI/2009-10/137 DBOD.No.BP.BC. 35/21.04.048/2009-10 August 31, 2009 The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (including Local Area Banks) (Excluding RRBs) Dear Sir Agricultural Debt Waiver and Debt Relief Scheme, 2008 – Prudential Norms on Income Recognition, Asset Classification, Provisioning and Capital Adequacy Please refer to our circulars DBOD.No.BP.BC. 26/21.04.048/2008-09@@NBSP@@dated July 30, 2008, DBOD.No.BP.B

Agricultural Debt Waiver and Debt Relief Scheme, 2008 - Prudential Norms

Guidelines on Exchange Traded Interest Rate Derivatives

RBI/2009-10/135 DBOD.BP.BC. No.34 /21.04.157/2009-10 August 28, 2009 The Chairmen/ Chief Executive Officers All Commercial Banks (excluding RRBs and LABs) Dear Sir, Guidelines on Exchange Traded Interest Rate Derivatives Please refer to our circular DBOD.BP.BC.No.56/21.04.157/2008-09 dated October 13, 2008 permitting banks to take trading positions also in Interest Rate Futures (IRFs). 2. In this connection, it is clarified that banks are not allowed to undertake tran

RBI/2009-10/135 DBOD.BP.BC. No.34 /21.04.157/2009-10 August 28, 2009 The Chairmen/ Chief Executive Officers All Commercial Banks (excluding RRBs and LABs) Dear Sir, Guidelines on Exchange Traded Interest Rate Derivatives Please refer to our circular DBOD.BP.BC.No.56/21.04.157/2008-09 dated October 13, 2008 permitting banks to take trading positions also in Interest Rate Futures (IRFs). 2. In this connection, it is clarified that banks are not allowed to undertake tran

Guidelines on Exchange Traded Interest Rate Derivatives

Acceptance of Deposits by Chit Fund Companies

RBI/2009-10/133 DNBS (PD) CC.No. 159 /03.03.01/2009-10 August 28, 2009 To All Miscellaneous Non-Banking Companies (MNBCs) Dear Sirs, Acceptance of Deposits by Chit Fund Companies The Reserve Bank of India, having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system of the country to its advantage, it is necessary to amend the Miscellaneous Non-Banking Companies (Reserve Bank) Directi

RBI/2009-10/133 DNBS (PD) CC.No. 159 /03.03.01/2009-10 August 28, 2009 To All Miscellaneous Non-Banking Companies (MNBCs) Dear Sirs, Acceptance of Deposits by Chit Fund Companies The Reserve Bank of India, having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system of the country to its advantage, it is necessary to amend the Miscellaneous Non-Banking Companies (Reserve Bank) Directi

Acceptance of Deposits by Chit Fund Companies

Prudential Treatment in respect of Floating Provisions

RBI/2009-10/132 DBOD.No.BP.BC. 33/21.04.048/2009-10 August 27, 2009 The Chairman and Managing Directors / Chief Executive Officers All Scheduled Commercial Banks (including Local Area Banks) (Excluding RRBs) Dear Sir, Prudential Treatment in respect of Floating Provisions Please refer to paragraph (iv) of our circular DBOD.No.BP.BC. 118/21.04.048/2008-09 dated March 25, 2009 and also, our circular DBOD.No.BP.BC.122/21.04.048/2008-09 dated April 9, 2009, in terms of wh

RBI/2009-10/132 DBOD.No.BP.BC. 33/21.04.048/2009-10 August 27, 2009 The Chairman and Managing Directors / Chief Executive Officers All Scheduled Commercial Banks (including Local Area Banks) (Excluding RRBs) Dear Sir, Prudential Treatment in respect of Floating Provisions Please refer to paragraph (iv) of our circular DBOD.No.BP.BC. 118/21.04.048/2008-09 dated March 25, 2009 and also, our circular DBOD.No.BP.BC.122/21.04.048/2008-09 dated April 9, 2009, in terms of wh

Prudential Treatment in respect of Floating Provisions

Finance for Housing Projects -Disclosure of Information on Mortgage of Property

RBI/2009-10/131 DBOD.No. Dir (Hsg). BC.31/ 08.12.001/2009-10 August@@NBSP@@ 27, 2009 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Finance for Housing Projects – Incorporating clause in the terms and conditions to disclose in pamphlets/brochures/advertisements information regarding mortgage of property to the bank Please refer to para 3.3 of our Master Circular on Housing Finance DBOD.No.Dir. (HSG).BC.08/08.12.01/2009-10 dated July 1, 2009 wherein ba

RBI/2009-10/131 DBOD.No. Dir (Hsg). BC.31/ 08.12.001/2009-10 August@@NBSP@@ 27, 2009 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Finance for Housing Projects – Incorporating clause in the terms and conditions to disclose in pamphlets/brochures/advertisements information regarding mortgage of property to the bank Please refer to para 3.3 of our Master Circular on Housing Finance DBOD.No.Dir. (HSG).BC.08/08.12.01/2009-10 dated July 1, 2009 wherein ba

Finance for Housing Projects -Disclosure of Information on Mortgage of Property