Deficiencies found in sanctioning of loans and monitoring of borrowal accounts by banks / Financial Institutions

RBI 105 / 2004 DBS.FRMC.No. BC. 1 /23.04.01D/2004-05 August 7, 2004 The Chief Executives All Commercial Banks Dear Sir, Deficiencies found in sanctioning of loans and monitoring of borrowal accounts by banks / Financial Institutions As you are aware, the incidence of frauds in major borrowal accounts is a cause of concern for the banks’ management as also for Reserve Bank of India. Apart from acts of willful default, diversion of funds, clandestine removal of goods, f

RBI 105 / 2004 DBS.FRMC.No. BC. 1 /23.04.01D/2004-05 August 7, 2004 The Chief Executives All Commercial Banks Dear Sir, Deficiencies found in sanctioning of loans and monitoring of borrowal accounts by banks / Financial Institutions As you are aware, the incidence of frauds in major borrowal accounts is a cause of concern for the banks’ management as also for Reserve Bank of India. Apart from acts of willful default, diversion of funds, clandestine removal of goods, f

Deficiencies found in sanctioning of loans and monitoring of borrowal accounts by banks / Financial Institutions

Opening of Current Accounts by banks - Need for discipline

RBI/2004-05/ 99 DBOD.No.Leg.BC. 22 / 09.07.005/ 2004-2005 August 4, 2004 All scheduled commercial banks (Excluding RRBs) Dear Sir, Opening of Current Accounts by banks – Need for discipline Please refer to our circular DBOD.No.Leg.BC.84/09.07.005/2003-04 dated May 15, 2004. 2. In this connection, it is clarified that where the due diligence is carried out on the request of a prospective customer who is a corporate or large borrower enjoying credit facilities from more

RBI/2004-05/ 99 DBOD.No.Leg.BC. 22 / 09.07.005/ 2004-2005 August 4, 2004 All scheduled commercial banks (Excluding RRBs) Dear Sir, Opening of Current Accounts by banks – Need for discipline Please refer to our circular DBOD.No.Leg.BC.84/09.07.005/2003-04 dated May 15, 2004. 2. In this connection, it is clarified that where the due diligence is carried out on the request of a prospective customer who is a corporate or large borrower enjoying credit facilities from more

Opening of Current Accounts by banks - Need for discipline

Guidelines for Compromise Settlement of Dues of Banks & FIs through Lok Adalats - Enhancing the ceiling from Rs.5 lakh to Rs.20 lakh

RBI/2004-05/ 95 DBOD No.LEG.BC / 21 /09.06.002/2004-05 August 3, 2004 All Scheduled Commercial Banks & All India Financial Institutions Dear Sir, Guidelines for Compromise Settlement of Dues of Banks & FIs through Lok Adalats – Enhancing the ceiling from Rs.5 lakh to Rs.20 lakh Please refer to our circular DBOD.No.LEG.BC.114/09.06.002/2000-01 dated May 2, 2001 giving detailed guidelines for compromise settlement of dues through Lok Adalats and advising banks t

RBI/2004-05/ 95 DBOD No.LEG.BC / 21 /09.06.002/2004-05 August 3, 2004 All Scheduled Commercial Banks & All India Financial Institutions Dear Sir, Guidelines for Compromise Settlement of Dues of Banks & FIs through Lok Adalats – Enhancing the ceiling from Rs.5 lakh to Rs.20 lakh Please refer to our circular DBOD.No.LEG.BC.114/09.06.002/2000-01 dated May 2, 2001 giving detailed guidelines for compromise settlement of dues through Lok Adalats and advising banks t

Guidelines for Compromise Settlement of Dues of Banks & FIs through Lok Adalats - Enhancing the ceiling from Rs.5 lakh to Rs.20 lakh

Annual Policy Statement for the year 2004-05:Additional Provisioning Requirement for NPAs

RBI/2004/88 Ref.DBS.FID.No.C-3/01.02.00/ 2004-2005 August 3, 2004 The CEOs of the all-India Term Lending and Refinancing Institutions (Exim Bank, IDBI, IDFC Ltd., IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.)   Dear Sir, Annual Policy Statement for the year 2004-05:Additional Provisioning Requirement for NPAs At present, FIs are required to make provisions on NPAs on a graded scale based on the age of the NPA. However, in respect of NPAs included in 'do

RBI/2004/88 Ref.DBS.FID.No.C-3/01.02.00/ 2004-2005 August 3, 2004 The CEOs of the all-India Term Lending and Refinancing Institutions (Exim Bank, IDBI, IDFC Ltd., IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.)   Dear Sir, Annual Policy Statement for the year 2004-05:Additional Provisioning Requirement for NPAs At present, FIs are required to make provisions on NPAs on a graded scale based on the age of the NPA. However, in respect of NPAs included in 'do

Annual Policy Statement for the year 2004-05:Additional Provisioning Requirement for NPAs

Gold Card Scheme for Exporters

RBI / 2004-2005/ 78 DBOD.IECS.No.19 /04.02.02 (Gold Card)/2004-05 July 29, 2004 The Chairmen / Chief Executives of all Commercial Banks Dear Sir Gold Card Scheme for Exporters Please refer to our circular letter IECD.No.12/04.02.02/Gold Card/2003-04 dated May 18, 2004 on the captioned subject, enclosing the Gold Card Scheme for exporters. Despite considerable lapse of time since issue of guidelines, a number of banks are yet to announce their individual schemes and th

RBI / 2004-2005/ 78 DBOD.IECS.No.19 /04.02.02 (Gold Card)/2004-05 July 29, 2004 The Chairmen / Chief Executives of all Commercial Banks Dear Sir Gold Card Scheme for Exporters Please refer to our circular letter IECD.No.12/04.02.02/Gold Card/2003-04 dated May 18, 2004 on the captioned subject, enclosing the Gold Card Scheme for exporters. Despite considerable lapse of time since issue of guidelines, a number of banks are yet to announce their individual schemes and th

Gold Card Scheme for Exporters

Annual Policy Statement for the year 2004-05 - Prudential Credit Exposure Limits by FIs

RBI / 2004 /72 REF. DBS. FID. No. C-1/ 01.02.00 /2004-05 July 26, 2004   The CEOs of the all-India Term Lending and Refinancing Institutions (Exim Bank, IDBI, IDFC Ltd., IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) Dear Sir, Annual Policy Statement for the year 2004-05 - Prudential Credit Exposure Limits by FIs Please refer to our Master Circular No. DBS.FID.No.C-7/01.02.00/2003-04 dated August 7, 2003 on exposure norms for the FIs wherein it was advis

RBI / 2004 /72 REF. DBS. FID. No. C-1/ 01.02.00 /2004-05 July 26, 2004   The CEOs of the all-India Term Lending and Refinancing Institutions (Exim Bank, IDBI, IDFC Ltd., IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) Dear Sir, Annual Policy Statement for the year 2004-05 - Prudential Credit Exposure Limits by FIs Please refer to our Master Circular No. DBS.FID.No.C-7/01.02.00/2003-04 dated August 7, 2003 on exposure norms for the FIs wherein it was advis

Annual Policy Statement for the year 2004-05 - Prudential Credit Exposure Limits by FIs

Checking of wilful defaults and measures against Wilful Defaulters

RBI/2004-05/ 63 DBOD.No.DL.BC. 16 /20.16.003/2004-05 July 23, 2004 All Scheduled Commercial Banks and All Notified All-India Financial Institutions Dear Sir, Checking of wilful defaults and measures against Wilful Defaulters Please refer to paragraph 7(b) of our circular DBOD.No.DL(W).BC. 110/20.16.003/ 2001-02 dated 30th May 2002 in terms of which banks/Financial Institutions (FIs) were advised to initiate various steps in order to check wilful defaults. 2. In terms

RBI/2004-05/ 63 DBOD.No.DL.BC. 16 /20.16.003/2004-05 July 23, 2004 All Scheduled Commercial Banks and All Notified All-India Financial Institutions Dear Sir, Checking of wilful defaults and measures against Wilful Defaulters Please refer to paragraph 7(b) of our circular DBOD.No.DL(W).BC. 110/20.16.003/ 2001-02 dated 30th May 2002 in terms of which banks/Financial Institutions (FIs) were advised to initiate various steps in order to check wilful defaults. 2. In terms

Checking of wilful defaults and measures against Wilful Defaulters

Participating in Bills Rediscounting Scheme as Lenders - Private Sector Mutual Funds

RBI/2004-05/65 July 23, 2004 Shravan 1, 1926 DBOD No. FSC.BC. 17/24.91.001/2004-05 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Participating in Bills Rediscounting Scheme as Lenders – Private Sector Mutual Funds Please refer to our circular DBOD.No.FSC.BC.68/24.091.001/95 dated June 27, 1995 in terms of which Mutual Funds set up in the private sector and approved by SEBI were permitted access in the Call/Notice Money Market and Bills Rediscounting Scheme

RBI/2004-05/65 July 23, 2004 Shravan 1, 1926 DBOD No. FSC.BC. 17/24.91.001/2004-05 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Participating in Bills Rediscounting Scheme as Lenders – Private Sector Mutual Funds Please refer to our circular DBOD.No.FSC.BC.68/24.091.001/95 dated June 27, 1995 in terms of which Mutual Funds set up in the private sector and approved by SEBI were permitted access in the Call/Notice Money Market and Bills Rediscounting Scheme

Participating in Bills Rediscounting Scheme as Lenders - Private Sector Mutual Funds

Gold Card Scheme for Exporters

RBI / 2004-2005/ 56 DBOD.IECS.No. 13 /04.02.02 (Gold Card)/2004-05 July 20, 2004 The Chairman / Chief Executives of all Commercial Banks Dear Sir Gold Card Scheme for Exporters Please refer to our letter IECD.No.12/04.02.02/Gold Card/2003-04 dated May 18, 2004 on the captioned subject, enclosing a copy of the Gold Card Scheme. It has been reported that some banks have fixed certain minimum annual turnover for issuance of Gold Card, as an eligibility criterion. As the

RBI / 2004-2005/ 56 DBOD.IECS.No. 13 /04.02.02 (Gold Card)/2004-05 July 20, 2004 The Chairman / Chief Executives of all Commercial Banks Dear Sir Gold Card Scheme for Exporters Please refer to our letter IECD.No.12/04.02.02/Gold Card/2003-04 dated May 18, 2004 on the captioned subject, enclosing a copy of the Gold Card Scheme. It has been reported that some banks have fixed certain minimum annual turnover for issuance of Gold Card, as an eligibility criterion. As the

Gold Card Scheme for Exporters

Section 23 of Banking Regulation Act, 1949 - Master Circular on Branch Licensing

Section 23 of Banking Regulation Act, 1949 - Master Circular on Branch Licensing