Notifications

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI Notification No. FEMA.270 /2013-RB March 19, 2013 Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Second Amendment) Regulations, 2013 In exercise of the powers conferred by clause (d) of sub-section (3) of Section 6, and sub section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments

RBI/2012-13/451 UBD.BPD.(PCB).Cir.No. 44/16.11.00/2012-13 March 19, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/Dear Sir, Bank Rate Please refer to our circular UBD.BPD.(PCB).Cir.No.35/16.11.00/2011-12 dated January 30, 2013 on the captioned subject. As announced in the Mid-Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 8.75 per cent to 8.50 per cent with effect from March 19, 2013. 2.

RBI/2012-13/445 DBOD.BP.BC.No. 83/08.12.014/2012-13 March 18, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Prudential norms on Advances to Infrastructure Sector In terms of our circular DBOD.No.BP.BC.125/21.04.048/2008-09 dated April 17, 2009 on ‘Prudential Norms on Unsecured Advances’ rights, licenses, authorization, etc., charged to the banks as collateral in respect of projects (including infrastructure projects) should not be reckoned as tangible

RBI/2012-13/439 A.P. (DIR Series) Circular No. 90 March 14, 2013 To All Category – I Authorised Dealer Banks Madam / Sir, Maintenance of Collateral by Foreign Institutional Investors (FIIs) for transactions in the cash and F & O segments Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to@@NBSP@@ Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000, notified v

RBI/2012-13/438 FMD.MSRG.No. 75/02.05.002/2012-13 March 13, 2013 All Category – I Authorised Dealer Banks Madam/Sir, Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives Please refer to our circular FMD.MSRG.No.67/02.05.002/2011-12 dated March 9, 2012 on the captioned subject, wherein we had advised, inter alia, that all/selective trades in OTC foreign exchange and interest rate derivatives between the Category-I Authorised Dealer Banks/market mak

RBI/2012-13/437 UBD.BPD.(PCB). Cir.No. 42/09.18.300/2012-13 March 13, 2013 The Chief Executive Officers of All Primary (Urban) Co-operative Banks Madam / Dear Sir, Implementation of Core Banking Solutions (CBS) by Urban Co-operative Banks (UCBs) The usage of Information Technology (IT) is critical for the survival and growth of banking institutions as IT usage not only helps banks to reduce their cost of operations, but also enables them to offer products and services

RBI/2012-13/435 A.P. (DIR Series) Circular No. 88 March 12, 2013 To All Category - I Authorized Dealer Banks Madam / Sir, “Write-off” of unrealized export bills – Export of Goods and Services – Simplification of procedure Attention of Authorized Dealer Category – I (AD Category –I) banks is invited to A.P. (DIR. Series) Circular No. 12, 30, 61, 40, 33 and 03 dated September 09, 2000, April 04, 2001, December 14, 2002, December 05, 2003, February 28, 2007 and July 22,

RBI/2012-13/436 A.P. (DIR Series) Circular No. 89 March 12, 2013 To All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme Madam / Sir, Money Transfer Service Scheme – Revised Guidelines Attention of all Authorised Persons (APs), who are Indian Agents under the Money Transfer Service Scheme (MTSS) is invited to the Notification dated June 4, 2003 on MTSS, as amended from time to time and the specific permission accorded to them under FEMA, 1

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI Notification No. FEMA.269/2013-RB. March 11, 2013 Foreign Exchange Management (Guarantees) (Third Amendment) Regulations, 2013 In exercise of the powers conferred by clause (j) of sub-section (3) of Section 6 and sub section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Manageme

RBI/2012-13/434 DBOD. AML.No. 12913/14.01.001/2012-13 March 11, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ 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.8422/14.01.001/ 2012-13 dated December 12, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action