Interest Rate Ceiling on Rupee Export Credit

RBI/2008-09/459 MPD.BC.323 /07.01.279/2008-09 @@NBSP@@April 28, 2009 Vaishakha 7, 1931(S) All Scheduled Commercial Banks Dear Sir/Madam, Interest Rate Ceiling on Rupee Export Credit Please refer to our circulars No.MPD.BC.307/07.01.279/2008-09 dated October 24, 2008, DBOD.Dir. (Exp). BC. No.80 /04. 02.01 /2008-09 dated November 15, 2008 and DBOD.Dir.(Exp).BC.No.88/04.02.01/2008-09 dated November 28, 2008 in terms of which the ceiling on interest rates on pre-shipment

RBI/2008-09/459 MPD.BC.323 /07.01.279/2008-09 @@NBSP@@April 28, 2009 Vaishakha 7, 1931(S) All Scheduled Commercial Banks Dear Sir/Madam, Interest Rate Ceiling on Rupee Export Credit Please refer to our circulars No.MPD.BC.307/07.01.279/2008-09 dated October 24, 2008, DBOD.Dir. (Exp). BC. No.80 /04. 02.01 /2008-09 dated November 15, 2008 and DBOD.Dir.(Exp).BC.No.88/04.02.01/2008-09 dated November 28, 2008 in terms of which the ceiling on interest rates on pre-shipment

Interest Rate Ceiling on Rupee Export Credit

Recovery of Interest from Public Sector Banks on delayed remittances of Government Receipts into Government Account

RBI/2008-09/463 DGBA.GAD No. H-9284 /42.01.011/2008-09 April 28, 2009 The Chairman & Managing Director/ Managing Director State Bank of India and its Associates/ All Nationalised Banks/Jammu & Kashmir Bank Ltd. Dear Sir, Recovery of Interest from Public Sector Banks on delayed remittances of Government Receipts into Government Account Please refer to our circulars RBI/2006/150, dated October 10, 2006, RBI/2007/235 & 286 dated January 24, 2007 & March 1

RBI/2008-09/463 DGBA.GAD No. H-9284 /42.01.011/2008-09 April 28, 2009 The Chairman & Managing Director/ Managing Director State Bank of India and its Associates/ All Nationalised Banks/Jammu & Kashmir Bank Ltd. Dear Sir, Recovery of Interest from Public Sector Banks on delayed remittances of Government Receipts into Government Account Please refer to our circulars RBI/2006/150, dated October 10, 2006, RBI/2007/235 & 286 dated January 24, 2007 & March 1

Recovery of Interest from Public Sector Banks on delayed remittances of Government Receipts into Government Account

Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India

RBI/2008-09/458 DPSS.CO.PD.No. 1873 /02.14.06/ 2008-09 April 27, 2009 To All System Providers, System Participants and any other prospective prepaid payment instrument issuer Dear Sir, Sub: Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India Pre-paid payment instruments issued by banks and non-bank entities have been gaining popularity as a means of payment in India. In order to ensure an orderly development and operations of this prod

RBI/2008-09/458 DPSS.CO.PD.No. 1873 /02.14.06/ 2008-09 April 27, 2009 To All System Providers, System Participants and any other prospective prepaid payment instrument issuer Dear Sir, Sub: Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India Pre-paid payment instruments issued by banks and non-bank entities have been gaining popularity as a means of payment in India. In order to ensure an orderly development and operations of this prod

Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India

Payment of Interest on Savings Bank Account on a Daily Product Basis

RBI/2008-09/452 DBOD. No. Dir. BC.128/13.03.00/2008-09 April 24, 2009 @@NBSP@@ All Scheduled Commercial Banks(Excluding RRBs) @@NBSP@@ Dear Sir @@NBSP@@ Payment of Interest on Savings Bank Account on a Daily Product Basis @@NBSP@@ Please refer to paragraph 88 of the Annual Policy Statement announced by Governor on April 21, 2009 (extract enclosed), in terms of which it has been proposed that payment of interest on savings bank accounts by scheduled commercial banks wo

RBI/2008-09/452 DBOD. No. Dir. BC.128/13.03.00/2008-09 April 24, 2009 @@NBSP@@ All Scheduled Commercial Banks(Excluding RRBs) @@NBSP@@ Dear Sir @@NBSP@@ Payment of Interest on Savings Bank Account on a Daily Product Basis @@NBSP@@ Please refer to paragraph 88 of the Annual Policy Statement announced by Governor on April 21, 2009 (extract enclosed), in terms of which it has been proposed that payment of interest on savings bank accounts by scheduled commercial banks wo

Payment of Interest on Savings Bank Account on a Daily Product Basis

The Bankers' Books Evidence Act, 1891 - Submission of Certified Copies of Entries / Print out to Courts

RBI/2008-09/457 RPCD.CO.RF.BC.No. 100 /07.38.03/2008-09 April@@NBSP@@ 24, 2009 All State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) @@NBSP@@ Dear Sir, @@NBSP@@ The Bankers' Books Evidence Act, 1891 - Submission of Certified Copies of Entries / Print out to Courts @@NBSP@@ 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 an

RBI/2008-09/457 RPCD.CO.RF.BC.No. 100 /07.38.03/2008-09 April@@NBSP@@ 24, 2009 All State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) @@NBSP@@ Dear Sir, @@NBSP@@ The Bankers' Books Evidence Act, 1891 - Submission of Certified Copies of Entries / Print out to Courts @@NBSP@@ 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 an

The Bankers' Books Evidence Act, 1891 - Submission of Certified Copies of Entries / Print out to Courts

RRBs - Inclusion in / exclusion from the Second Schedule to the Reserve Bank of India Act, 1934

RBI/2008-09/456 RPCD.CO.RRB.BC. No.99 / 03.05.100/2008-09 April 24, 2009 All Regional Rural Banks Dear Sir, Inclusion in / exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – Regional Rural Banks (RRBs) We advise that the names of 8 amalgamated Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification RPCD.CO.RRB.No.7430/03.05.100 /2008-09 dated January 27, 2009 published in the Extrao

RBI/2008-09/456 RPCD.CO.RRB.BC. No.99 / 03.05.100/2008-09 April 24, 2009 All Regional Rural Banks Dear Sir, Inclusion in / exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – Regional Rural Banks (RRBs) We advise that the names of 8 amalgamated Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification RPCD.CO.RRB.No.7430/03.05.100 /2008-09 dated January 27, 2009 published in the Extrao

RRBs - Inclusion in / exclusion from the Second Schedule to the Reserve Bank of India Act, 1934

Financial Inclusion by Extension of Banking Services - Use of Business Facilitators (BFs) and Business Correspondents (BCs)

RBI/2008-2009/455 DBOD.No.BL.BC.129@@NBSP@@ /22.01.009/2008-2009 April 24, 2009 Vaishakha 3, 1931(Saka) All Scheduled Commercial Banks (including RRBs) & Local Area Banks @@NBSP@@ Dear Sir, @@NBSP@@ Financial Inclusion by Extension of Banking Services – Use of Business Facilitators (BFs) and Business Correspondents (BCs) @@NBSP@@ Please refer to paragraph 4 of our circular DBOD.No.BL.BC.74/22.01.009/2007-2008 dated April 24, 2008, on the above subject. 2. In this

RBI/2008-2009/455 DBOD.No.BL.BC.129@@NBSP@@ /22.01.009/2008-2009 April 24, 2009 Vaishakha 3, 1931(Saka) All Scheduled Commercial Banks (including RRBs) & Local Area Banks @@NBSP@@ Dear Sir, @@NBSP@@ Financial Inclusion by Extension of Banking Services – Use of Business Facilitators (BFs) and Business Correspondents (BCs) @@NBSP@@ Please refer to paragraph 4 of our circular DBOD.No.BL.BC.74/22.01.009/2007-2008 dated April 24, 2008, on the above subject. 2. In this

Financial Inclusion by Extension of Banking Services - Use of Business Facilitators (BFs) and Business Correspondents (BCs)

Appointment of UCBs as agents/ sub-agents under Money Transfer Service Scheme

RBI /2008-09/465 UBD.CO.BPD.PCB.Cir.no.62/16.12.000/2008-09 April 23, 2009 The Chief executive Officers All Primary (Urban) Co-operative Banks Dear Sir, Appointment of UCBs as agents/ sub-agents under Money Transfer Service Scheme Please refer to our circular UBD(PCB) No.8/16.12.000/2007-08 dated July 17, 2007 on the captioned subject, allowing UCBs holding AD Category I and II licences to act as agents/ sub-agents under the Money Transfer Service Scheme (MTSS). 2. In

RBI /2008-09/465 UBD.CO.BPD.PCB.Cir.no.62/16.12.000/2008-09 April 23, 2009 The Chief executive Officers All Primary (Urban) Co-operative Banks Dear Sir, Appointment of UCBs as agents/ sub-agents under Money Transfer Service Scheme Please refer to our circular UBD(PCB) No.8/16.12.000/2007-08 dated July 17, 2007 on the captioned subject, allowing UCBs holding AD Category I and II licences to act as agents/ sub-agents under the Money Transfer Service Scheme (MTSS). 2. In

Appointment of UCBs as agents/ sub-agents under Money Transfer Service Scheme

Extension of Guarantee - Maturity beyond Ten years

RBI/2008-09/448 DBOD.No. BP. BC.127/ 21.04.009/2008-09 April 22, 2009 @@NBSP@@ All Scheduled Commercial Banks (Excluding RRBs) @@NBSP@@ Dear Sir, @@NBSP@@ Extension of Guarantee - Maturity beyond Ten years @@NBSP@@ @@NBSP@@ In terms of Paragraph 2.1.3 of our Master Circular RBI/2008-09/79 – DBOD.@@NBSP@@Dir.BC.18/13.03.00/2008-09 dated July 1, 2008 on ‘Guarantees and Co -acceptances’, no bank guarantee should normally have a maturity of more than 10 years. 2. We have

RBI/2008-09/448 DBOD.No. BP. BC.127/ 21.04.009/2008-09 April 22, 2009 @@NBSP@@ All Scheduled Commercial Banks (Excluding RRBs) @@NBSP@@ Dear Sir, @@NBSP@@ Extension of Guarantee - Maturity beyond Ten years @@NBSP@@ @@NBSP@@ In terms of Paragraph 2.1.3 of our Master Circular RBI/2008-09/79 – DBOD.@@NBSP@@Dir.BC.18/13.03.00/2008-09 dated July 1, 2008 on ‘Guarantees and Co -acceptances’, no bank guarantee should normally have a maturity of more than 10 years. 2. We have

Extension of Guarantee - Maturity beyond Ten years

Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks - Compliance Certificate

RBI/2008-09/449 Ref. DBS.CO.PPD.BC. 5 /11.01.005/2008-09 April 22, 2009 @@NBSP@@ The Chairman/Managing Director/Chief Executive Officer All Commercial Banks (Excluding RRBs) @@NBSP@@ Madam / Dear Sir, @@NBSP@@ Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks – Compliance Certificate @@NBSP@@ Please refer to Para 5.9.3 and 5.9.4 of the guidelines issued as Annex to circular DBOD.No.BP.40/21.04.158/2006-07@@NBSP@@dated Novem

RBI/2008-09/449 Ref. DBS.CO.PPD.BC. 5 /11.01.005/2008-09 April 22, 2009 @@NBSP@@ The Chairman/Managing Director/Chief Executive Officer All Commercial Banks (Excluding RRBs) @@NBSP@@ Madam / Dear Sir, @@NBSP@@ Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks – Compliance Certificate @@NBSP@@ Please refer to Para 5.9.3 and 5.9.4 of the guidelines issued as Annex to circular DBOD.No.BP.40/21.04.158/2006-07@@NBSP@@dated Novem

Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks - Compliance Certificate