Review of statements/returns submitted by banks

RBI/2006-07/161 DBOD No. Inf.39/ 11.03.005/2006-07 October 26, 2006 The Chairman/ Managing Director/ Chief Executives of all Scheduled Commercial Banks (excluding RRBs) Dear Sir, Review of statements/returns submitted by banks As you are aware all scheduled commercial banks are required to forward to us on a periodical basis, statements/returns in terms of various circulars issued by us from time to time. However, in the light of changes that have taken place in the i

RBI/2006-07/161 DBOD No. Inf.39/ 11.03.005/2006-07 October 26, 2006 The Chairman/ Managing Director/ Chief Executives of all Scheduled Commercial Banks (excluding RRBs) Dear Sir, Review of statements/returns submitted by banks As you are aware all scheduled commercial banks are required to forward to us on a periodical basis, statements/returns in terms of various circulars issued by us from time to time. However, in the light of changes that have taken place in the i

Review of statements/returns submitted by banks

Guarantees and Co-acceptances

RBI/2006-2007/148 DBOD.No.Dir.BC. 35 /13.07.10/2006-2007 October 11, 2006 Ashwina 19, 1928 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Guarantees and Co-acceptances Please refer to paragraph 2.5(iii) of our Master Circular DBOD.No.Dir.17/ 13.03.00/2006 dated July 1, 2006 on the above subject, in terms of which banks were advised that it is binding on the part of the beneficiary of the guarantee to seek confirmation of the controlling office/head office as

RBI/2006-2007/148 DBOD.No.Dir.BC. 35 /13.07.10/2006-2007 October 11, 2006 Ashwina 19, 1928 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Guarantees and Co-acceptances Please refer to paragraph 2.5(iii) of our Master Circular DBOD.No.Dir.17/ 13.03.00/2006 dated July 1, 2006 on the above subject, in terms of which banks were advised that it is binding on the part of the beneficiary of the guarantee to seek confirmation of the controlling office/head office as

Guarantees and Co-acceptances

Customer Service - Non-issuance of Passbooks to Savings Bank Accountholders (Individuals)

RBI /2006-07/139 DBOD.No.Leg.BC.32 /09.07.005/2006-07October 4, 2006To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Customer Service – Non-issuance of Passbooks to Savings Bank Accountholders (Individuals)We have been receiving representations from customers including senior citizens' associations that many banks have discontinued issuing pass books to Savings Bank Account holders (Individuals). It has also been pointed out that this decision of discontinu

RBI /2006-07/139 DBOD.No.Leg.BC.32 /09.07.005/2006-07October 4, 2006To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Customer Service – Non-issuance of Passbooks to Savings Bank Accountholders (Individuals)We have been receiving representations from customers including senior citizens' associations that many banks have discontinued issuing pass books to Savings Bank Account holders (Individuals). It has also been pointed out that this decision of discontinu

Customer Service - Non-issuance of Passbooks to Savings Bank Accountholders (Individuals)

Banks' exposure to entities for setting up Special Economic Zones (SEZs) / Acquisition of units in SEZs

RBI/2006-07/131 DBOD.BP.BC. 30 /21.01.002/ 2006-2007 September 20, 2006 All Commercial Banks (excluding RRBs) Dear Sir, Banks' exposure to entities for setting up Special Economic Zones (SEZs) / Acquisition of units in SEZs Keeping in view the current market conditions, it has been decided that the exposure of banks to entities for setting up Special Economic Zones (SEZs) or for acquisition of units in SEZs which includes real estate would be treated as exposure to co

RBI/2006-07/131 DBOD.BP.BC. 30 /21.01.002/ 2006-2007 September 20, 2006 All Commercial Banks (excluding RRBs) Dear Sir, Banks' exposure to entities for setting up Special Economic Zones (SEZs) / Acquisition of units in SEZs Keeping in view the current market conditions, it has been decided that the exposure of banks to entities for setting up Special Economic Zones (SEZs) or for acquisition of units in SEZs which includes real estate would be treated as exposure to co

Banks' exposure to entities for setting up Special Economic Zones (SEZs) / Acquisition of units in SEZs

Appropriation from Reserve Fund

RBI/2006-07/132 DBOD.BP.BC No. 31 / 21.04.018/ 2006-07 September 20, 2006 The Chairmen/Chief Executives of All Commercial Banks(excluding RRBs) Dear Sir, Section 17 (2) of Banking Regulation Act, 1949 – Appropriation from Reserve Fund In terms of section 17 (1) and 11 (1)(b) (ii) of the Banking Regulation Act, 1949 banks are required to transfer, out of the balance of profit as disclosed in the profit and loss account, a sum equivalent to not less than 20 per cent of

RBI/2006-07/132 DBOD.BP.BC No. 31 / 21.04.018/ 2006-07 September 20, 2006 The Chairmen/Chief Executives of All Commercial Banks(excluding RRBs) Dear Sir, Section 17 (2) of Banking Regulation Act, 1949 – Appropriation from Reserve Fund In terms of section 17 (1) and 11 (1)(b) (ii) of the Banking Regulation Act, 1949 banks are required to transfer, out of the balance of profit as disclosed in the profit and loss account, a sum equivalent to not less than 20 per cent of

Appropriation from Reserve Fund

Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - " Chohung Bank to Shinhan Bank"

RBI/2006-07/127 DBOD.CO.Ret.BC.No.29/12.06.105/2006-07 September 18, 2006 Bhadra 27, 1928 All Scheduled Commercial Banks Dear Sir Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - ' Chohung Bank to Shinhan Bank' We advise that the name of ' Chohung Bank ' has been changed to ' Shinhan Bank ' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 12th August 2006, i.e. the date on which the relati

RBI/2006-07/127 DBOD.CO.Ret.BC.No.29/12.06.105/2006-07 September 18, 2006 Bhadra 27, 1928 All Scheduled Commercial Banks Dear Sir Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - ' Chohung Bank to Shinhan Bank' We advise that the name of ' Chohung Bank ' has been changed to ' Shinhan Bank ' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 12th August 2006, i.e. the date on which the relati

Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - " Chohung Bank to Shinhan Bank"

Address / Telephone Number of the Branch in Pass Books / Statement of Accounts

RBI/2006-07/123 DBOD.No.Leg. BC.28 /09.07.005/2006-07September 1, 2006To All the Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Address / Telephone Number of the Branch in Pass Books / Statement of Accounts In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. Banks are therefore advised to ensure that full addres

RBI/2006-07/123 DBOD.No.Leg. BC.28 /09.07.005/2006-07September 1, 2006To All the Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Address / Telephone Number of the Branch in Pass Books / Statement of Accounts In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. Banks are therefore advised to ensure that full addres

Address / Telephone Number of the Branch in Pass Books / Statement of Accounts

Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs )

RBI /2006-2007/113 DBOD. No. BP. BC. 27/21.01.002/ 2006- 2007 August 23, 2006 The Chairman & Managing Directors Chief Executive Officers of Commercial Banks (excluding RRBs) Dear Sirs, Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs ) It is observed that the exposure of banks to Venture Capital Funds (VCFs) has been steadily increasing over the last few years. While significance of venture capital activities and need for banks’ involvement

RBI /2006-2007/113 DBOD. No. BP. BC. 27/21.01.002/ 2006- 2007 August 23, 2006 The Chairman & Managing Directors Chief Executive Officers of Commercial Banks (excluding RRBs) Dear Sirs, Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs ) It is observed that the exposure of banks to Venture Capital Funds (VCFs) has been steadily increasing over the last few years. While significance of venture capital activities and need for banks’ involvement

Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs )

Internet Banking - Internet based platforms for dealing in Forex

RBI/2006-07/112 DBOD No. Comp. BC. 1658 /07.23.29/2006-07 August 22, 2006 All Scheduled Commercial Banks Dear Sir Internet Banking – Internet based platforms for dealing in Foreign Exchange Please refer to our circular DBOD. COMP. BC. No. 130/07.03.23/ 2000-01 dated June 14, 2001 that sets out the guidelines for banks on Internet Banking in India. In terms of paragraph III.3 of the circular, the Internet banking services allowed to be offered by banks to residents of

RBI/2006-07/112 DBOD No. Comp. BC. 1658 /07.23.29/2006-07 August 22, 2006 All Scheduled Commercial Banks Dear Sir Internet Banking – Internet based platforms for dealing in Foreign Exchange Please refer to our circular DBOD. COMP. BC. No. 130/07.03.23/ 2000-01 dated June 14, 2001 that sets out the guidelines for banks on Internet Banking in India. In terms of paragraph III.3 of the circular, the Internet banking services allowed to be offered by banks to residents of

Internet Banking - Internet based platforms for dealing in Forex

Penalties on default in maintenance of CRR

RBI/2006-2007/106 DBOD. No. Ret. BC.26/12.01.001/2006-07 August 10, 2006 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 - Penalties on default in maintenance of Cash Reserve Ratio (CRR) Please refer to our circular RBI/2005-2006/422. DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject, wherein it was advised that the Reserve Bank will not be paying any interest

RBI/2006-2007/106 DBOD. No. Ret. BC.26/12.01.001/2006-07 August 10, 2006 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 - Penalties on default in maintenance of Cash Reserve Ratio (CRR) Please refer to our circular RBI/2005-2006/422. DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject, wherein it was advised that the Reserve Bank will not be paying any interest

Penalties on default in maintenance of CRR