Guidelines on compliance with Accounting Standard (AS) 11(revised 2003) ‘The Effects of Changes in Foreign Exchange Rates’

RBI /2004-05/395 DBOD No.BP.BC.76 /21.04.018/2004-05 March 15, 2005 All Scheduled Commercial Banks (except RRBs) Dear Sir, Guidelines on compliance with Accounting Standard (AS) 11(revised 2003) ‘The Effects of Changes in Foreign Exchange Rates’ As you are aware, Accounting Standard (AS) 11, ‘The Effects of Changes in Foreign Exchange Rates’ (revised 2003) issued by the Institute of Chartered Accountants of India (ICAI), has come into effect in respect of accounting p

RBI /2004-05/395 DBOD No.BP.BC.76 /21.04.018/2004-05 March 15, 2005 All Scheduled Commercial Banks (except RRBs) Dear Sir, Guidelines on compliance with Accounting Standard (AS) 11(revised 2003) ‘The Effects of Changes in Foreign Exchange Rates’ As you are aware, Accounting Standard (AS) 11, ‘The Effects of Changes in Foreign Exchange Rates’ (revised 2003) issued by the Institute of Chartered Accountants of India (ICAI), has come into effect in respect of accounting p

Guidelines on compliance with Accounting Standard (AS) 11(revised 2003) ‘The Effects of Changes in Foreign Exchange Rates’

Gold Card Scheme for Exporters

RBI/ 2004-05/ 386 DBOD. Dir (Exp). No. 73 / 04.02.02/ Gold Card/ 2004-05 March 04, 2005 The Chairman/ Chief Executive of all Commercial banks Dear Sir Gold Card Scheme for Exporters Please refer to our circular IECD. No.12/ 04.02.02/ Gold Card/ 2004-05 dated 18th May 2004 regarding the Gold Card Scheme for Exporters. The paragraph 3.1.3 may be amended to read as follows: 'The Scheme may not be applicable to those exporters who are blacklisted by ECGC or included in RB

RBI/ 2004-05/ 386 DBOD. Dir (Exp). No. 73 / 04.02.02/ Gold Card/ 2004-05 March 04, 2005 The Chairman/ Chief Executive of all Commercial banks Dear Sir Gold Card Scheme for Exporters Please refer to our circular IECD. No.12/ 04.02.02/ Gold Card/ 2004-05 dated 18th May 2004 regarding the Gold Card Scheme for Exporters. The paragraph 3.1.3 may be amended to read as follows: 'The Scheme may not be applicable to those exporters who are blacklisted by ECGC or included in RB

Gold Card Scheme for Exporters

Disclosures on risk exposures in derivatives

RBI/ 2004-05/ 383 DBOD.No.BP.BC. 72/21.04.018/2004-05 March 3, 2005 To Chairmen / CEOs of all Scheduled Commercial Banks (excluding RRBs) Dear Sir, Disclosures on risk exposures in derivatives The Reserve Bank has been periodically reviewing the prudential disclosures made by banks as a part of the Notes on Accounts to the Balance Sheets. Best international practices require meaningful and appropriate disclosures of banks' exposures to risk and their strategy towards

RBI/ 2004-05/ 383 DBOD.No.BP.BC. 72/21.04.018/2004-05 March 3, 2005 To Chairmen / CEOs of all Scheduled Commercial Banks (excluding RRBs) Dear Sir, Disclosures on risk exposures in derivatives The Reserve Bank has been periodically reviewing the prudential disclosures made by banks as a part of the Notes on Accounts to the Balance Sheets. Best international practices require meaningful and appropriate disclosures of banks' exposures to risk and their strategy towards

Disclosures on risk exposures in derivatives

Roadmap for presence of Foreign Banks in India and Ownership and Governance in Private Sector banks

RBI/2004-05/377 DBOD.No.BP.BC.71/21.01.01/2004-05 February 28, 2005 To The Chairmen and Chief Executive Officers, all Scheduled Commercial Banks Dear Sir, Roadmap for presence of Foreign Banks in India and Ownership and Governance in Private Sector banks Reserve Bank of India has today released a Roadmap for presence of Foreign Banks in India and Guidelines on Ownership and Governance in Private Sector banks. These documents are enclosed for guidance of all concerned.

RBI/2004-05/377 DBOD.No.BP.BC.71/21.01.01/2004-05 February 28, 2005 To The Chairmen and Chief Executive Officers, all Scheduled Commercial Banks Dear Sir, Roadmap for presence of Foreign Banks in India and Ownership and Governance in Private Sector banks Reserve Bank of India has today released a Roadmap for presence of Foreign Banks in India and Guidelines on Ownership and Governance in Private Sector banks. These documents are enclosed for guidance of all concerned.

Roadmap for presence of Foreign Banks in India and Ownership and Governance in Private Sector banks

SCCBs/DCCBs - 'Know Your Customer' (KYC) Guidelines - Anti Money Laundering Standards

RBI/2004-05/368 RPCD.AML.BC.NO.80 /07.40.00/2004-05 February 18, 2005 The Chief Executives of All State and District Central Co-operative Banks Dear Sir, 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards The National Bank for Agriculture and Rural Development (NABARD) had advised banks, vide their letter No. NB.DOS.HO.POL.271/J.1-2002/03 (Circular No. 101 DOS 14/2003) dated April 30, 2003, to follow a systematic customer identification procedure

RBI/2004-05/368 RPCD.AML.BC.NO.80 /07.40.00/2004-05 February 18, 2005 The Chief Executives of All State and District Central Co-operative Banks Dear Sir, 'Know Your Customer' (KYC) Guidelines – Anti Money Laundering Standards The National Bank for Agriculture and Rural Development (NABARD) had advised banks, vide their letter No. NB.DOS.HO.POL.271/J.1-2002/03 (Circular No. 101 DOS 14/2003) dated April 30, 2003, to follow a systematic customer identification procedure

SCCBs/DCCBs - 'Know Your Customer' (KYC) Guidelines - Anti Money Laundering Standards

Implementation of the New Capital Adequacy Framework

DBOD.No.BP.1163 /21.04.118/2004-05 February 15, 2005 Click here to Download PDF To The Chairmen of all Scheduled Commercial Banks Dear Sir,Prudential Guidelines on Capital Adequacy- Implementation of the New Capital Adequacy Framework The Basel Committee on Banking Supervision (BCBS) has released the document, 'International Convergence of Capital Measurement and Capital Standards: A Revised Framework' on June 26, 2004. The revised Framework has been designed to provi

DBOD.No.BP.1163 /21.04.118/2004-05 February 15, 2005 Click here to Download PDF To The Chairmen of all Scheduled Commercial Banks Dear Sir,Prudential Guidelines on Capital Adequacy- Implementation of the New Capital Adequacy Framework The Basel Committee on Banking Supervision (BCBS) has released the document, 'International Convergence of Capital Measurement and Capital Standards: A Revised Framework' on June 26, 2004. The revised Framework has been designed to provi

Implementation of the New Capital Adequacy Framework

FI's to obtain Certificates / authentication from Statutory Central Auditors

RBI / 2004-05 / 362 Ref.No.DBS. FID. No. C - 9 /01.02.00/2004-05 11 February, 2005 The CEOs of the all-India Term-lending and Refinancing Institutions (Exim Bank, IDFC Ltd., IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) Dear Sir, Certificates / authentication to be obtained from the Statutory Central auditors of Financial Institutions- FID. No. C - 9 Please refer to the instructions issued by us to the financial institutions from time to time on: (i) Investm

RBI / 2004-05 / 362 Ref.No.DBS. FID. No. C - 9 /01.02.00/2004-05 11 February, 2005 The CEOs of the all-India Term-lending and Refinancing Institutions (Exim Bank, IDFC Ltd., IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) Dear Sir, Certificates / authentication to be obtained from the Statutory Central auditors of Financial Institutions- FID. No. C - 9 Please refer to the instructions issued by us to the financial institutions from time to time on: (i) Investm

FI's to obtain Certificates / authentication from Statutory Central Auditors

Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934 -"JP Morgan Chase Bank" to "JP Morgan Chase Bank, National Association"

RBI / 2004-05 / 358 DBOD.Ret.BC.No. 70 /12.06.090/2004-05 February 04, 2005 All Scheduled Commercial Banks Dear Sir Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934 -"JP Morgan Chase Bank" to "JP Morgan Chase Bank, National Association" We advise that the name of "JP Morgan Chase Bank" has been changed to "JP Morgan Chase Bank, National Association" in the Second Schedule to the Reserve Bank of India Act, 1934 with effect fr

RBI / 2004-05 / 358 DBOD.Ret.BC.No. 70 /12.06.090/2004-05 February 04, 2005 All Scheduled Commercial Banks Dear Sir Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934 -"JP Morgan Chase Bank" to "JP Morgan Chase Bank, National Association" We advise that the name of "JP Morgan Chase Bank" has been changed to "JP Morgan Chase Bank, National Association" in the Second Schedule to the Reserve Bank of India Act, 1934 with effect fr

Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934 -"JP Morgan Chase Bank" to "JP Morgan Chase Bank, National Association"

Advances against units of debt-oriented Mutual Funds

RBI/2004-05/353 DBOD. No. Dir. BC. 69/13.07.05/2004-05 January 31, 2005 All Commercial Banks (excluding RRBs) Dear Sir, Advances against units of debt-oriented Mutual Funds Please refer to paragraph 3.4.3 of our Master Circular DBOD.No.Dir.BC.14/13.03.00/2004-05 dated July 21, 2004 on Exposure Norms in terms of which banks have been advised to apply the same quantum and margin for granting loans/ advances against the units of mutual funds including units of US-64 sche

RBI/2004-05/353 DBOD. No. Dir. BC. 69/13.07.05/2004-05 January 31, 2005 All Commercial Banks (excluding RRBs) Dear Sir, Advances against units of debt-oriented Mutual Funds Please refer to paragraph 3.4.3 of our Master Circular DBOD.No.Dir.BC.14/13.03.00/2004-05 dated July 21, 2004 on Exposure Norms in terms of which banks have been advised to apply the same quantum and margin for granting loans/ advances against the units of mutual funds including units of US-64 sche

Advances against units of debt-oriented Mutual Funds

Banks need not send safe custody certificate for specimen signatures to RBI

RBI No. 349 /2005 Ref. DBS.CO.PP.BC 16 /11.01.005/2004-05 January 19, 2005 The Chief Executives All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Inspection of banks- Set of Specimen signatures - Safe custody certificate Please refer to our circular no. DBOD.Prog.BC.124/C-283 (A)-84 dated December 19, 1984 on the captioned subject. As you are aware, Regional Offices of Department of Banking Supervision (DBS) of the Reserve Bank of India are supplying sets of s

RBI No. 349 /2005 Ref. DBS.CO.PP.BC 16 /11.01.005/2004-05 January 19, 2005 The Chief Executives All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Inspection of banks- Set of Specimen signatures - Safe custody certificate Please refer to our circular no. DBOD.Prog.BC.124/C-283 (A)-84 dated December 19, 1984 on the captioned subject. As you are aware, Regional Offices of Department of Banking Supervision (DBS) of the Reserve Bank of India are supplying sets of s

Banks need not send safe custody certificate for specimen signatures to RBI