Notifications - Regulating Commercial Banking - RBI - Reserve Bank of India
Notifications
Jun 26, 2013
Settlement of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs)
RBI/2012-13/551 IDMD.PCD. 12/14.03.02/2012-13 June 26, 2013 To All Market Participants Dear Sir/Madam, Settlement of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs) Please refer to our Notification IDMD.PCD.No.20/14.01.02/2011-12 dated March 05, 2012 on the captioned subject. 2. The above directions have been reviewed and it has been decided that MCX-SX Clearing Corporation Limited is also an eligible entity for clearing and settlement of
RBI/2012-13/551 IDMD.PCD. 12/14.03.02/2012-13 June 26, 2013 To All Market Participants Dear Sir/Madam, Settlement of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs) Please refer to our Notification IDMD.PCD.No.20/14.01.02/2011-12 dated March 05, 2012 on the captioned subject. 2. The above directions have been reviewed and it has been decided that MCX-SX Clearing Corporation Limited is also an eligible entity for clearing and settlement of
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Jun 26, 2013
Guidelines on Securities Transactions to be followed by Primary Dealers
RBI/2012-13/549 IDMD.PCD.13/14.03.07/2012-13 June 26, 2013 To All Market Participants Dear Sir/Madam, Guidelines on Securities Transactions to be followed by Primary Dealers Please refer to our Notifications IDMC.PDRS.PDS.No.2/03.64.00/2000-01 dated November 13, 2000 and IDMC. No. PDRS/2049A/03.64.00/99-2000 dated December 31, 1999 on the captioned subject. 2. The above directions have been reviewed and it has been decided that Primary Dealers are permitted to underta
RBI/2012-13/549 IDMD.PCD.13/14.03.07/2012-13 June 26, 2013 To All Market Participants Dear Sir/Madam, Guidelines on Securities Transactions to be followed by Primary Dealers Please refer to our Notifications IDMC.PDRS.PDS.No.2/03.64.00/2000-01 dated November 13, 2000 and IDMC. No. PDRS/2049A/03.64.00/99-2000 dated December 31, 1999 on the captioned subject. 2. The above directions have been reviewed and it has been decided that Primary Dealers are permitted to underta
Jun 26, 2013
Settlement of OTC transactions in Corporate Bonds on DvP-I basis
RBI/2012-13/550 IDMD.PCD. 11 /14.03.06/2012-13 June 26, 2013 To All Market Participants Dear Sir/Madam, Settlement of OTC transactions in Corporate Bonds on DvP-I basis Please refer to our Notification IDMD. No.1764/11.08.38/2009-10 dated October 16, 2009 on the captioned subject. 2. The above directions have been reviewed and it has been decided that MCX-SX Clearing Corporation Limited is also an eligible entity for clearing and settlement of all OTC trades in corpor
RBI/2012-13/550 IDMD.PCD. 11 /14.03.06/2012-13 June 26, 2013 To All Market Participants Dear Sir/Madam, Settlement of OTC transactions in Corporate Bonds on DvP-I basis Please refer to our Notification IDMD. No.1764/11.08.38/2009-10 dated October 16, 2009 on the captioned subject. 2. The above directions have been reviewed and it has been decided that MCX-SX Clearing Corporation Limited is also an eligible entity for clearing and settlement of all OTC trades in corpor
Jun 26, 2013
Business Continuity Planning (BCP), Vulnerability Assessment and Penetration Tests (VAPT) and Information Security
RBI/2012-13/547 DIT.CO(Policy)No. 2636/09.63.025/2012-13 June 26, 2013 The Chairmen/Chief Executive Officers, All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Business Continuity Planning (BCP), Vulnerability Assessment and Penetration Tests (VAPT) and Information Security Please refer paragraph 102 of the Monetary Policy Statement 2013-14 wherein we have emphasised the importance of securing the Information Systems (IS) of banks. In order for banks to
RBI/2012-13/547 DIT.CO(Policy)No. 2636/09.63.025/2012-13 June 26, 2013 The Chairmen/Chief Executive Officers, All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Business Continuity Planning (BCP), Vulnerability Assessment and Penetration Tests (VAPT) and Information Security Please refer paragraph 102 of the Monetary Policy Statement 2013-14 wherein we have emphasised the importance of securing the Information Systems (IS) of banks. In order for banks to
Jun 25, 2013
Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2012-13
DBS.ARS.No.BC. 08/ 08.92.001/ 2012-13 June 25, 2013 The Chairman & Managing Director, all Nationalised Banks and The Managing Director, Associate Banks of SBI Dear Sir, Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2012-13 Please refer to instructions contained in our circulars DBS.ARS.No.BC.08 / 08.92.001/ 2006-07 dated June 6, 2007, DBS.ARS.BC. No. 3/ 08.92.001/ 2007-08 dated July 25, 2007, DBS.ARS.BC. No.
DBS.ARS.No.BC. 08/ 08.92.001/ 2012-13 June 25, 2013 The Chairman & Managing Director, all Nationalised Banks and The Managing Director, Associate Banks of SBI Dear Sir, Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2012-13 Please refer to instructions contained in our circulars DBS.ARS.No.BC.08 / 08.92.001/ 2006-07 dated June 6, 2007, DBS.ARS.BC. No. 3/ 08.92.001/ 2007-08 dated July 25, 2007, DBS.ARS.BC. No.
Jun 25, 2013
Acknowledgement by RRBs at the time of submission of Form 15-G / 15-H
RBI/2012-13/542 RPCD.CO.RRB.BC.No. 78/03.05.33/2012-13 June 24, 2013 All Regional Rural Banks Dear Sir/Madam, Acknowledgement by RRBs at the time of submission of Form 15-G / 15-H As you are aware RRBs are not required to deduct TDS from depositors who submit declaration in Form 15-G/15-H under Income Tax Rules, 1962. However, it has been brought to our notice that despite submission of Form 15-G/15-H by customers, RRBs are deducting tax at source, at times, causing i
RBI/2012-13/542 RPCD.CO.RRB.BC.No. 78/03.05.33/2012-13 June 24, 2013 All Regional Rural Banks Dear Sir/Madam, Acknowledgement by RRBs at the time of submission of Form 15-G / 15-H As you are aware RRBs are not required to deduct TDS from depositors who submit declaration in Form 15-G/15-H under Income Tax Rules, 1962. However, it has been brought to our notice that despite submission of Form 15-G/15-H by customers, RRBs are deducting tax at source, at times, causing i
Jun 25, 2013
RRBs - Lending against Gold
RBI/2012-13/541 RPCD. RRB. BC. No. 79/03.05.33/2012-13 June 25, 2013 All Regional Rural Banks Dear Sir/Madam Lending against Gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing up to 50 gms. 2. As per extant instructions contained in our circular DBOD.Leg.BC.95/C.124 (P) - 78 date
RBI/2012-13/541 RPCD. RRB. BC. No. 79/03.05.33/2012-13 June 25, 2013 All Regional Rural Banks Dear Sir/Madam Lending against Gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing up to 50 gms. 2. As per extant instructions contained in our circular DBOD.Leg.BC.95/C.124 (P) - 78 date
Jun 24, 2013
Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions
RBI/2012-13/540 DPSS (CO) PD No.2377/02.14.003/2012-13 June 24, 2013 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/ Authorised Card Payment Networks Madam / Dear Sir, Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions A reference is invited to our circular dated September 22, 2
RBI/2012-13/540 DPSS (CO) PD No.2377/02.14.003/2012-13 June 24, 2013 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/ Authorised Card Payment Networks Madam / Dear Sir, Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions A reference is invited to our circular dated September 22, 2
Jun 21, 2013
Housing Sector: New sub-sector CRE (Residential Housing) within CRE and Rationalisation of provisioning, risk-weight and LTV ratios
RBI/2012-13/538 DBOD.BP.BC.No. 104/08.12.015/2012-13 June 21, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Housing Sector: New sub-sector CRE (Residential Housing) within CRE & Rationalisation of provisioning, risk-weight and LTV ratios Please refer to paragraph 82 of the Monetary Policy Statement 2013-14 (extract enclosed) on ‘Commercial Real Estate - Residential Housing: Prudential Norms’, announced on May 3, 2013, wherein it was stated that a
RBI/2012-13/538 DBOD.BP.BC.No. 104/08.12.015/2012-13 June 21, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Housing Sector: New sub-sector CRE (Residential Housing) within CRE & Rationalisation of provisioning, risk-weight and LTV ratios Please refer to paragraph 82 of the Monetary Policy Statement 2013-14 (extract enclosed) on ‘Commercial Real Estate - Residential Housing: Prudential Norms’, announced on May 3, 2013, wherein it was stated that a
Jun 20, 2013
Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu of shortfall in achievement of priority sector lending targets/sub-targets
RBI/2012-13/536 DBOD.BP.BC. No.103/21.06.001/2012-13 June 20, 2013 The Chairman and Managing Director/ Chief Executive Officer of All Commercial Banks (excluding LABs and RRBs) Dear Sir Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu of shortfall in achievement of priority sector lending targets/sub-targets It has been observed that there is a lack of uniformity among banks in application of risk weights on claims on deposits placed with NABARD/SIDBI/NHB
RBI/2012-13/536 DBOD.BP.BC. No.103/21.06.001/2012-13 June 20, 2013 The Chairman and Managing Director/ Chief Executive Officer of All Commercial Banks (excluding LABs and RRBs) Dear Sir Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu of shortfall in achievement of priority sector lending targets/sub-targets It has been observed that there is a lack of uniformity among banks in application of risk weights on claims on deposits placed with NABARD/SIDBI/NHB
Jun 18, 2013
Prudential Norms for Off-balance Sheet Exposures of Banks - Deferment of Option Premium
RBI/2012-13/535 DBOD.No.BP.BC.102/21.04.157/2012-13 June 18, 2013 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs) & All India Term-Lending & Refinancing Institutions Madam / Sir, Prudential Norms for Off-balance Sheet Exposures of Banks – Deferment of Option Premium Banks are permitted to defer, at their discretion, the premium on plain vanilla options sold by them to users subject to ce
RBI/2012-13/535 DBOD.No.BP.BC.102/21.04.157/2012-13 June 18, 2013 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs) & All India Term-Lending & Refinancing Institutions Madam / Sir, Prudential Norms for Off-balance Sheet Exposures of Banks – Deferment of Option Premium Banks are permitted to defer, at their discretion, the premium on plain vanilla options sold by them to users subject to ce
Jun 17, 2013
Review of Prudential Guidelines on Restructuring of Advances by Financial Institutions (FIs)
RBI/2012-13/534 DBOD.FID.FIC.No.5/01.02.00 /2012-13 June 17, 2013 The CEOs of All-India Term-Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Review of Prudential Guidelines on Restructuring of Advances by Financial Institutions (FIs) In continuation of our letter DBOD.FID.FIC.No.6/01.02.00/2010-11 dated October 14, 2010 on the captioned subject, please find enclosed circular DBOD.BP.BC.No.99/ 21.04.132/2012-13 dated May 30, 2013 and t
RBI/2012-13/534 DBOD.FID.FIC.No.5/01.02.00 /2012-13 June 17, 2013 The CEOs of All-India Term-Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Review of Prudential Guidelines on Restructuring of Advances by Financial Institutions (FIs) In continuation of our letter DBOD.FID.FIC.No.6/01.02.00/2010-11 dated October 14, 2010 on the captioned subject, please find enclosed circular DBOD.BP.BC.No.99/ 21.04.132/2012-13 dated May 30, 2013 and t
Jun 07, 2013
Legal Audit of title documents in respect of large value loan accounts
RBI /2012-13/524 DBS.FrMC.BC.No.7/23.04.001/2012-13 June 07, 2013 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir/Madam, Legal Audit of title documents in respect of large value loan accounts Please refer to para 3.1 of our circular DBS.CO. FrMC. BC .No. 11/ 23.0.001/ 2010-11 dated June 30, 2011 requiring banks to put in place a system wherein the concurrent auditors we
RBI /2012-13/524 DBS.FrMC.BC.No.7/23.04.001/2012-13 June 07, 2013 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir/Madam, Legal Audit of title documents in respect of large value loan accounts Please refer to para 3.1 of our circular DBS.CO. FrMC. BC .No. 11/ 23.0.001/ 2010-11 dated June 30, 2011 requiring banks to put in place a system wherein the concurrent auditors we
Jun 06, 2013
Lending against gold
RBI/2012-13/522 RPCD.CO.RCB.BC.No. 77 /07.51.014/2012-13 June 06, 2013 The CEOs of all State and Central Co-operative Banks Dear Sir, Lending against gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing up to 50 grams. 2. State/Central co-operative banks are curr
RBI/2012-13/522 RPCD.CO.RCB.BC.No. 77 /07.51.014/2012-13 June 06, 2013 The CEOs of all State and Central Co-operative Banks Dear Sir, Lending against gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing up to 50 grams. 2. State/Central co-operative banks are curr
Jun 04, 2013
Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks’ customers in India
RBI/2012-13/521 RPCD.RCB.RRB.AML.BC.No. 76/07.51.018/2012-13 June 04, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks’ customers in India Please refer to our circular RPCD.CO.RRB.RCB.AML.BC.No.82/03.05.33(E)/2011-12 dated June 11, 2012, on the captioned sub
RBI/2012-13/521 RPCD.RCB.RRB.AML.BC.No. 76/07.51.018/2012-13 June 04, 2013 The Chairmen / CEOs of all Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks’ customers in India Please refer to our circular RPCD.CO.RRB.RCB.AML.BC.No.82/03.05.33(E)/2011-12 dated June 11, 2012, on the captioned sub
Jun 03, 2013
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) /1989 (2011) Committee’s Al-Qaida Sanctions List and Consolidated List - Primary (Urban) Co-operative Banks
RBI/2012-2013/518 UBD.BPD (PCB) Cir. No. 52 /14.01.062/2012-13 May 31, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks 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 and Consolidated List – Primary (Urban) Co-operative Banks Please refer to our circular UBD. BPD. (PCB) Cir. No. 47/ 14.01.062/ 2012-13 dated April 4, 2013 on the captioned subject.
RBI/2012-2013/518 UBD.BPD (PCB) Cir. No. 52 /14.01.062/2012-13 May 31, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks 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 and Consolidated List – Primary (Urban) Co-operative Banks Please refer to our circular UBD. BPD. (PCB) Cir. No. 47/ 14.01.062/ 2012-13 dated April 4, 2013 on the captioned subject.
Jun 03, 2013
Auction of Government of India Dated Securities
Ref.No.IDMD /3294/08.02.032/2012-13 June 3, 2013 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers. Dear Sirs, Auction of Government of India Dated Securities Government of India have offered to sell (re-issue) @@NBSP@@(a) “8.12 percent Government Stock 2020” for a notified amount of Rs.3,000 crore (nominal) through a price based auction using multiple price met
Ref.No.IDMD /3294/08.02.032/2012-13 June 3, 2013 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers. Dear Sirs, Auction of Government of India Dated Securities Government of India have offered to sell (re-issue) @@NBSP@@(a) “8.12 percent Government Stock 2020” for a notified amount of Rs.3,000 crore (nominal) through a price based auction using multiple price met
May 31, 2013
Acknowledgement by banks at the time of submission of Form 15-G / 15-H
RBI/2012-13/516 DBOD.No.Leg.BC.100/09.07.005/2012-13 May 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Acknowledgement by banks at the time of submission of Form 15-G / 15-H As you are aware banks are not required to deduct TDS from depositors who submit declaration in Form 15-G/15-H under Income Tax Rules, 1962. However, it has been brought to our notice that despite submission of Form 15-G/15-H by customers, banks are deducting tax at sour
RBI/2012-13/516 DBOD.No.Leg.BC.100/09.07.005/2012-13 May 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Acknowledgement by banks at the time of submission of Form 15-G / 15-H As you are aware banks are not required to deduct TDS from depositors who submit declaration in Form 15-G/15-H under Income Tax Rules, 1962. However, it has been brought to our notice that despite submission of Form 15-G/15-H by customers, banks are deducting tax at sour
May 31, 2013
KYC/AML/CFT Guidelines - Unique Customer Identification Code for banks’ customers in India
RBI/2012-13/515 DBOD. AML.BC. No. 101/14.01.001/2012-13 May 31, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks’ customers in India Please refer to our circular DBOD. AML.BC. No.109/14.01.001/2011-12 dated June 08, 2012,
RBI/2012-13/515 DBOD. AML.BC. No. 101/14.01.001/2012-13 May 31, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks’ customers in India Please refer to our circular DBOD. AML.BC. No.109/14.01.001/2011-12 dated June 08, 2012,
May 30, 2013
Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions
RBI/2012-13/514 DBOD.BP.BC.No. 99/21.04.132/2012-13 May 30, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions As indicated in paragraph 81 (extract enclosed) of the Monetary Policy Statement 2013-14 announced on May 3, 2013, ‘Prudential guidelines on restructuring of advances by banks / financial institutions’ have been revised taking into account the recommen
RBI/2012-13/514 DBOD.BP.BC.No. 99/21.04.132/2012-13 May 30, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions As indicated in paragraph 81 (extract enclosed) of the Monetary Policy Statement 2013-14 announced on May 3, 2013, ‘Prudential guidelines on restructuring of advances by banks / financial institutions’ have been revised taking into account the recommen
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