Delays in Cheque Clearing - Case before National Consumer Disputes Redressal Commission

DPSS.CO. (CHD) No. 873 / 03.09.01/ 2008-09@@NBSP@@ November 24, 2008 The Chairman & Managing Director / Chief Executive Officer All Scheduled Commercial Banks Madam / Dear Sir, Delays in Cheque Clearing - Case No. 82 of 2006 before National Consumer Disputes Redressal Commission As you may be aware, during August 2006, a case was filed before National Consumer Disputes Redressal Commission, New Delhi (the Commission) under the Consumer Protection Act, 1986, inviti

DPSS.CO. (CHD) No. 873 / 03.09.01/ 2008-09@@NBSP@@ November 24, 2008 The Chairman & Managing Director / Chief Executive Officer All Scheduled Commercial Banks Madam / Dear Sir, Delays in Cheque Clearing - Case No. 82 of 2006 before National Consumer Disputes Redressal Commission As you may be aware, during August 2006, a case was filed before National Consumer Disputes Redressal Commission, New Delhi (the Commission) under the Consumer Protection Act, 1986, inviti

Delays in Cheque Clearing - Case before National Consumer Disputes Redressal Commission

Issue of Guarantees by banks

RBI/2008-2009/488 DBOD.No.DIR.BC.136/13.03.00/2008-09 May 29, 2009 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Issue of Guarantees by banks It is observed that, of late, certain banks, in terms of paragraph 2.4.2.3 (a) of the @@NBSP@@Master circular RBI/2008-09/79 DBOD.No.Dir.BC.18/13.03.00/2008-09 dated July 1, 2008 (extract attached) , have been issuing guarantees on behalf of corporate entities in respect of non-convertible debentures issued by such e

RBI/2008-2009/488 DBOD.No.DIR.BC.136/13.03.00/2008-09 May 29, 2009 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Issue of Guarantees by banks It is observed that, of late, certain banks, in terms of paragraph 2.4.2.3 (a) of the @@NBSP@@Master circular RBI/2008-09/79 DBOD.No.Dir.BC.18/13.03.00/2008-09 dated July 1, 2008 (extract attached) , have been issuing guarantees on behalf of corporate entities in respect of non-convertible debentures issued by such e

Issue of Guarantees by banks

RRBs - Submission of Certified Copies of Entries/Print Outs to Courts

RBI/2008-09/487 RPCD.CO.RRB.BC.No.110 @@NBSP@@/03.05.33/2008-09 May 29, 2009 The Chairman All Regional Rural Banks Dear Sir, The Bankers' Books Evidence Act, 1891 - Submission of @@NBSP@@Certified Copies of Entries / Print out to Courts In a recent case heard at the Court of a Civil Judge in Maharashtra, the Hon'ble Court advised Reserve Bank of India to instruct all banks that whenever they submit any data stored in their computer systems as evidence under Bankers' B

RBI/2008-09/487 RPCD.CO.RRB.BC.No.110 @@NBSP@@/03.05.33/2008-09 May 29, 2009 The Chairman All Regional Rural Banks Dear Sir, The Bankers' Books Evidence Act, 1891 - Submission of @@NBSP@@Certified Copies of Entries / Print out to Courts In a recent case heard at the Court of a Civil Judge in Maharashtra, the Hon'ble Court advised Reserve Bank of India to instruct all banks that whenever they submit any data stored in their computer systems as evidence under Bankers' B

RRBs - Submission of Certified Copies of Entries/Print Outs to Courts

Capital Adequacy Norms for Banks’ Exposures to Central Counterparties(CCPs)

RBI/2008-09/485 DBOD.BP.BC. No.134/21.06.001/2008-09 May 26, 2009 The Chairman and Managing Directors/ Chief Executive Officers All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Capital Adequacy Norms for Banks’ Exposures to Central Counterparties(CCPs) Please refer to our Master Circular – Prudential Guidelines on Capital Adequacy and Market Discipline – Implementation of New Capital Adequacy Framework No. RBI/ 2008-09 /68.DBOD.No. BP.BC. 11 /21.06.0

RBI/2008-09/485 DBOD.BP.BC. No.134/21.06.001/2008-09 May 26, 2009 The Chairman and Managing Directors/ Chief Executive Officers All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Capital Adequacy Norms for Banks’ Exposures to Central Counterparties(CCPs) Please refer to our Master Circular – Prudential Guidelines on Capital Adequacy and Market Discipline – Implementation of New Capital Adequacy Framework No. RBI/ 2008-09 /68.DBOD.No. BP.BC. 11 /21.06.0

Capital Adequacy Norms for Banks’ Exposures to Central Counterparties(CCPs)

Relaxation to trade and industry in the state of Jammu and Kashmir

RBI/2008-09/484 DBOD. No. BP. BC. 135 /21.04.012/2008-09 May 26, 2009 The Chairman / CMD / MD / CEO All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Relaxation to trade and industry in the state of Jammu and Kashmir Please refer to our circular DBOD.No.BP.BC.89/21.04.012/2007-2008 dated June 03, 2008 extending the period of concessions/credit relaxations to borrowers / customers in Jammu and Kashmir up to 31 March 2009. It has been decided that the concession

RBI/2008-09/484 DBOD. No. BP. BC. 135 /21.04.012/2008-09 May 26, 2009 The Chairman / CMD / MD / CEO All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Relaxation to trade and industry in the state of Jammu and Kashmir Please refer to our circular DBOD.No.BP.BC.89/21.04.012/2007-2008 dated June 03, 2008 extending the period of concessions/credit relaxations to borrowers / customers in Jammu and Kashmir up to 31 March 2009. It has been decided that the concession

Relaxation to trade and industry in the state of Jammu and Kashmir

StCBs/CCBs - Exposure to Commercial Real Estate

RBI/2008-09/482 RPCD.CO.RF.BC.No. 109 /07.38.01/2008-09 May 25, 2009 All State / Central Cooperative Banks (StCB/ CCBs) Dear Sir / Madam, Exposure to Commercial Real Estate It has come to our notice that certain State Cooperative and Central Cooperative Banks have extended finance to the commercial real estate sector. We advise that the primary role of the rural cooperative bank is to lend for activities related to agriculture and rural development. Further, taking ex

RBI/2008-09/482 RPCD.CO.RF.BC.No. 109 /07.38.01/2008-09 May 25, 2009 All State / Central Cooperative Banks (StCB/ CCBs) Dear Sir / Madam, Exposure to Commercial Real Estate It has come to our notice that certain State Cooperative and Central Cooperative Banks have extended finance to the commercial real estate sector. We advise that the primary role of the rural cooperative bank is to lend for activities related to agriculture and rural development. Further, taking ex

StCBs/CCBs - Exposure to Commercial Real Estate

Credit delivery to Micro and Small Enterprises

RBI/2008-09/483 RPCD.SME&NFS.BC.No. 106 /06.02.31(P)/2008-09 May@@NBSP@@ 25, 2009 All Scheduled Commercial Banks (including RRBS & LABs) Dear Sir, Credit delivery to Micro and Small Enterprises Please refer to our circular RPCD.SME&NFS.BC.No.76/06.02.31(P)/2008-09 dated December 16, 2008 on the captioned subject. In this connection, we clarify that the guidelines contained therein pertain only to scheduled commercial banks and not to RRBs and LABs. Yours f

RBI/2008-09/483 RPCD.SME&NFS.BC.No. 106 /06.02.31(P)/2008-09 May@@NBSP@@ 25, 2009 All Scheduled Commercial Banks (including RRBS & LABs) Dear Sir, Credit delivery to Micro and Small Enterprises Please refer to our circular RPCD.SME&NFS.BC.No.76/06.02.31(P)/2008-09 dated December 16, 2008 on the captioned subject. In this connection, we clarify that the guidelines contained therein pertain only to scheduled commercial banks and not to RRBs and LABs. Yours f

Credit delivery to Micro and Small Enterprises

RRBs - Unclaimed Deposits and Inoperative/Dormant Accounts

RBI/2008-09/481 RPCD.CO.RRB.BC.No.108 /03.05.33/2008-09 May 22, 2009 All Regional Rural Banks Dear Sir, Unclaimed deposits and inoperative / dormant accounts in banks In view of the increase in the amount of the unclaimed deposits with banks year after year and the inherent risk associated with such deposits, it is felt that banks should play a more pro-active role in finding the whereabouts of the account holders whose accounts have remained inoperative. Further, sev

RBI/2008-09/481 RPCD.CO.RRB.BC.No.108 /03.05.33/2008-09 May 22, 2009 All Regional Rural Banks Dear Sir, Unclaimed deposits and inoperative / dormant accounts in banks In view of the increase in the amount of the unclaimed deposits with banks year after year and the inherent risk associated with such deposits, it is felt that banks should play a more pro-active role in finding the whereabouts of the account holders whose accounts have remained inoperative. Further, sev

RRBs - Unclaimed Deposits and Inoperative/Dormant Accounts

Formation of new district in Tamil Nadu - Assignment of Lead Bank Responsibility

RBI/2008-09/480 RPCD. CO. LBS.BC. No. 107/02.08.01/2008-09 May 22, 2009 The Chairman All Lead Banks Dear Sir, Formation of new district in Tamil Nadu – Assignment of Lead Bank Responsibility The Revenue Department, Government of Tamil Nadu vide their Gazette Notification No.G.O(Ms)No.618 dated 24th October 2008 have advised about the formation of new district viz. Tiruppur carved out of the existing Coimbatore and Erode districts covering@@NBSP@@ Tiruppur, Avanashi, P

RBI/2008-09/480 RPCD. CO. LBS.BC. No. 107/02.08.01/2008-09 May 22, 2009 The Chairman All Lead Banks Dear Sir, Formation of new district in Tamil Nadu – Assignment of Lead Bank Responsibility The Revenue Department, Government of Tamil Nadu vide their Gazette Notification No.G.O(Ms)No.618 dated 24th October 2008 have advised about the formation of new district viz. Tiruppur carved out of the existing Coimbatore and Erode districts covering@@NBSP@@ Tiruppur, Avanashi, P

Formation of new district in Tamil Nadu - Assignment of Lead Bank Responsibility

Foreign Exchange Management (Foreign Exchange Derivative Contracts) (Amendment) Regulations, 2009

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI Notification@@NBSP@@No.@@NBSP@@FEMA@@NBSP@@191/RB-2009 Dated@@NBSP@@May 20, 2009 Foreign Exchange Management (Foreign Exchange Derivative Contracts) (Amendment) @@NBSP@@Regulations, 2009. In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999),@@NBSP@@ the Reserve Bank@@NBSP@@ hereby makes the following amendments

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI Notification@@NBSP@@No.@@NBSP@@FEMA@@NBSP@@191/RB-2009 Dated@@NBSP@@May 20, 2009 Foreign Exchange Management (Foreign Exchange Derivative Contracts) (Amendment) @@NBSP@@Regulations, 2009. In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999),@@NBSP@@ the Reserve Bank@@NBSP@@ hereby makes the following amendments

Foreign Exchange Management (Foreign Exchange Derivative Contracts) (Amendment) Regulations, 2009