RBI/2014-15/302 DCBR.CO.BPD .(AD). Cir No 1/14.01.062/2014-15 November 13, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Madam / Sir, Anti-Money Laundering (AML) / Combating of Financing of Terrorism (CFT) - Standards - Primary (Urban) Co-operative Banks Please refer to our circular UBD.BPD.(AD).Cir.No.1/14.01.062/2014-15 July 31, 2014 on risks arising from the deficiencies in AML / CFT regime of certain jurisdictions. 2. Financial Actio

RBI/2014-15/300 DNBR (PD) CC.No. 003/22.10.91/2014-15 November 10, 2014 Dear Sirs, Review of the Non-Banking Financial Company – Factors (Reserve Bank) Directions, 2012 Please refer to DNBS (PD) CC. No. 297/Factor/22.10.91/ 2012-13, dated July 23, 2012 in terms of which an NBFC-Factor shall ensure that its financial assets in the factoring business constitute at least 75 per cent of its total assets and its income derived from factoring business is not less than 75 pe

RBI/2014-15/301 Ref.No. IDMD/998/08.02.032/2014-15 November 10, 2014 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers. Dear Sir/Madam, Auction of Government of India Dated Securities Government of India have offered to sell (re-issue) four dated securities for notified amount of ` 15,000 crore as per the following details: Sr No Security Notified Amount (in ` c

RBI/2014-15/299 DNBR (PD) CC.No. 002/03.10.001/2014-15 November 10, 2014 All NBFCs (excluding Primary Dealers) Dear Sirs, Revised Regulatory Framework for NBFC The NBFC (Non-Banking Finance Company) sector has evolved considerably in terms of its size, operations, technological sophistication, and entry into newer areas of financial services and products. NBFCs are now deeply interconnected with the entities in the financial sector, on both sides of their balance shee

RBI/2014-15/295 DBR. AML. No. 6704/ 14.01.001/2014-15 November 5, 2014 The Chairmen/CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter DBOD. AML. No. 1422/ 14.01.001/2014-15 dated July 22, 2014 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial

RBI/2014-15/294 DBS.CFMC.BC.No. 006 /23.04.001/2014-15@@NBSP@@ November 5, 2014 The Chairperson / Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs) / Local Area Banks Dear Sir / Madam, Cheque related fraud cases - preventive measures The rise in the number of cheque related fraud cases is a matter of serious concern. It is evident that many of such frauds could have been avoided had due diligence been observed at the time of handling and/or proc

RBI/2014-15/293 DBR.BP.BC.No.46/21.04.098/2014-15 November 3, 2014 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Basel III Framework on Liquidity Standards – Monitoring tools for Intraday Liquidity Management Please refer to the ‘Fourth Bi-Monthly Monetary Policy Statement’ announced on September 30, 2014, wherein it was proposed to issue final guidelines for monitoring tools for intra-day liquidity management in October 2014, consistent with the quantitat

RBI/2014-15/290 RPCD.RRB.RCB.AML.No.4425/07.51.019/2014-15 October @@NBSP@@31, 2014 Regional Rural Banks (RRBs) / State and Central Co-operative Banks (StCBs/CCBs) Madam / Dear Sir, Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al-Qaida Sanctions List Please refer to our circular RPCD.RRB.RCB.AML.No.6571/07.51.019/2013-14 dated December 11, 2013 on the captioned subject releasing 24th to 30th updates of 2013 re

RBI/2014-15/288 RPCD.RRB.RCB.AML.No.4424/07.51.018/2014-15 October 31, 2014 Regional Rural Banks (RRBs) / State / Central Cooperative Banks (StCBs/CCBs) Madam / Dear Sir, KYC – Clarification on Proof of Address Please refer to our circular RPCD.RRB.RCB.AML.BC.No.111/07.51.018/2013-14 dated June 12, 2014 on the captioned subject. In this regard we also draw your attention to our circular RPCD.RRB.RCB.AML.No.2797/07.51.018/2014-15 dated September 9, 2014, forwarding cop

RBI/2014-15/287 RPCD.RRB.RCB.AML.BC.No.39/07.51.018/2014-15 @@NBSP@@October 31, 2014 Regional Rural Banks (RRBs) / State / Central Cooperative Banks (StCBs/CCBs) Madam / Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) guidelines – clarifications on periodic updation of low risk customers, non-requirement of repeated KYC for the same customer to open new accounts and partial freezing of KYC non-