Regulating Commercial Banking

RBI/2013-14/406 DBOD.No.BP.BC.76/21.04.157/2013-14 December 9, 2013 All Scheduled Commercial Banks (Excluding RRBs and LABs) & All India Term-Lending & Refinancing Institutions Madam / Sir, Novation of OTC Derivative Contracts Please refer to our circulars DBOD.No.BP.BC.86/21.04.157/2006-07 dated April 20, 2007 on Comprehensive Guidelines on Derivatives and DBOD.No.BP.BC.44 /21.04.157/2011-12 dated November 2, 2011 on Comprehensive Guidelines on Derivatives: M

RBI/2013-14/405 UBD. BPD (AD). Cir.No.6/14.01.062/2013-14 December 6, 2013 The Chief Executive Officer All AD Category I Primary (Urban) Co-operative Banks Madam/Dear 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.1/14.01.062/2013-14 dated July 9, 2013 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financia

RBI/2013-14/404 UBD.BPD (PCB) Cir.No.43/14.01.062/2013-14 December 6, 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 - Primary (Urban) Co-operative Banks (UCBs) Please refer to our circular UBD.BPD.(PCB). Cir. No. 26/14.01.062/2013-14 dated October 3, 2013 on the captioned subject releasing 23rd updat

RBI/2013-14/403 UBD.CO.BPD.(PCB).Cir.No.42/12.05.001/2013-14 December 6, 2013 To, The Chief Executive Officer All (Primary) Urban Co-operative Banks Dear Sir / Madam, Charges Levied by Banks for Sending SMS Alerts Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statement 2013-14 announced on October 29, 2013 (extract enclosed) on 'Customer Service- Charges Levied by Banks for Sending SMS Alerts'. 2.In this connection, a reference is also i

RBI/2013-14/401 UBD.CO.BPD.(PCB).Cir.No. 41/12.05.001/2013-14 December 5, 2013 To, The Chief Executive Officer All Urban Co-operative Banks Dear Sir / Madam, Timely Issue of TDS Certificate to Customers It has been brought to our notice that some banks are not providing TDS Certificate in Form 16A to their customers in time, causing inconvenience to customers in filing income-tax returns in time. 2. With a view to protecting the interests of depositors and for renderi

RBI/2013-14/399 DBOD.AML.No.10917/14.06.001/2013-14 December 4, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions 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 DBOD. AML No. 8677/14.06.001/2013-14 dated November 7, 2013 on the captioned subject releasing update note dated

RBI/2013-14/390 DBOD.BP.BC.No.75/21.04.103/2013-14 December 2, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines on Stress Testing Please refer to the guidelines on stress testing issued vide circular DBOD.No.BP.BC. 101/21.04.103/2006-07 dated June 26, 2007. Banks were required to operationalise their formal stress testing framework in accordance with these guidelines from March 31, 2008. It was expected that the stress testing framework being

RBI/2013-14/395 UBD.BPD.(PCB).Cir.No.40 /13.01.000/2013-14 December 2, 2013 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular UBD.BPD.(PCB) CIR.No. 8/13.01.000/2013-14 dated September 3, 2013 allowing banks the freedom to offer interest rates on incremental NRE deposits with maturity of 3 years and above without any ceiling in o

RBI/2013-14/396 UBD.BPD.AD.Cir.No. 5/13.01.000/2013-14 December 2, 2013 The Chief Executive Officers All AD Category -1 UCBs Dear Sir/Madam, Interest Rates on FCNR(B) Deposits Please refer to our circular UBD.BPD.AD.Cir.No 2/13.01.000/2013-14 dated August 21, 2013 advising interest rate ceilings on FCNR (B) deposits for maturity period of one year to less than three years and three to five years, respectively. In terms of para 4 thereof, these instructions were valid

DBOD.CID.BC.No.74/20.16.042/2013-14 November 29, 2013 All Credit Information Companies Investment in Credit Information Companies In exercise of the powers conferred by sub-section (1) of Section 11 of Credit Information Companies (Regulation) Act, 2005, and in supersession of its direction on Investment in Credit Information Companies dated November 20, 2008, Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, he