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Notifications
જુલાઈ 08, 2003
Settlement in respect of Government Securities Transactions-Compulsory settlement through Clearing Corporation of India Ltd.
BPD.PCB. Cir. 1 / 09.11.00/ 2003-04July 8, 2003 The Chief Executive Officers All Primary (Urban ) Co-operative BanksDear Sir / Madam,Settlement in respect of Government Securities Transactions-Compulsory settlement through Clearing Corporation of India Ltd.As you are aware the Reserve Bank of India has extended to all market participants the facility of settlement in Government Securities transactions over NDS - CCIL System besides the settlement under Delivery vs. Pa
BPD.PCB. Cir. 1 / 09.11.00/ 2003-04July 8, 2003 The Chief Executive Officers All Primary (Urban ) Co-operative BanksDear Sir / Madam,Settlement in respect of Government Securities Transactions-Compulsory settlement through Clearing Corporation of India Ltd.As you are aware the Reserve Bank of India has extended to all market participants the facility of settlement in Government Securities transactions over NDS - CCIL System besides the settlement under Delivery vs. Pa
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જુલાઈ 08, 2003
Scheme for Non-Competitive Bidding Facility in the Auctions of Government of India dated securities
BPD. PCB.Cir. 2 /09.80.00/2003-04July 8, 2003The Chief Executive OfficersAll Primary (Urban) Co-operative BanksDear Sir / Madam ,Scheme for Non-Competitive Bidding Facility in theAuctions of Government of India dated securitiesPlease refer to our circular UBD.No.Plan.PCB.CIR.41/ 09.29.00/2001-2002 dated April 20,2002. In terms of para 2 (iii) of this circular, urban co-operative banks were advised to take advantage of non-competitive bidding facility provided to them
BPD. PCB.Cir. 2 /09.80.00/2003-04July 8, 2003The Chief Executive OfficersAll Primary (Urban) Co-operative BanksDear Sir / Madam ,Scheme for Non-Competitive Bidding Facility in theAuctions of Government of India dated securitiesPlease refer to our circular UBD.No.Plan.PCB.CIR.41/ 09.29.00/2001-2002 dated April 20,2002. In terms of para 2 (iii) of this circular, urban co-operative banks were advised to take advantage of non-competitive bidding facility provided to them
જુલાઈ 02, 2003
Investment Portfolio of Banks-Transactions in securities
BPD.PCB.CIR 56 / 09.29.00 / 2003-2004.July 02, 2003Chief Executive Officers All Primary (Urban) Co-operative BanksDear Sir,Investment Portfolio of Banks-Transactions in securities Reserve Bank of India had issued detailed guidelines relating to conduct of investment portfolio by primary (urban) co-operative banks. The important instructions contained in the various guidelines issued by the Reserve Bank of India were also consolidated in circular UBD No. Plan.PCB.CIR41
BPD.PCB.CIR 56 / 09.29.00 / 2003-2004.July 02, 2003Chief Executive Officers All Primary (Urban) Co-operative BanksDear Sir,Investment Portfolio of Banks-Transactions in securities Reserve Bank of India had issued detailed guidelines relating to conduct of investment portfolio by primary (urban) co-operative banks. The important instructions contained in the various guidelines issued by the Reserve Bank of India were also consolidated in circular UBD No. Plan.PCB.CIR41
જુલાઈ 01, 2003
Trading of Government of India Securities on Stock Exchanges
Ref. DBS.FID No.C-1/ 01.02.00 / 2003- 04July 1, 2003The CEOs of all-India Term Lending and Refinancing InstitutionsDear Sir, Trading of Government of India Securities on Stock ExchangesWith a view to encouraging a wider participation of all classes of investors in the secondary market for government securities, the trading in Government of India dated securities at the stock exchanges though a nation-wide, anonymous, order-driven, screen-based system has been introduc
Ref. DBS.FID No.C-1/ 01.02.00 / 2003- 04July 1, 2003The CEOs of all-India Term Lending and Refinancing InstitutionsDear Sir, Trading of Government of India Securities on Stock ExchangesWith a view to encouraging a wider participation of all classes of investors in the secondary market for government securities, the trading in Government of India dated securities at the stock exchanges though a nation-wide, anonymous, order-driven, screen-based system has been introduc
જૂન 26, 2003
Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities
ANNEX I. Scope : With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount.II. Eligibility: Participation on a non-competitive basis
ANNEX I. Scope : With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount.II. Eligibility: Participation on a non-competitive basis
જૂન 26, 2003
Fortnightly report on loans and advances granted
by UCBs to their directors, etc., up to September 30, 2003
by UCBs to their directors, etc., up to September 30, 2003
BPD. Cir. 55 /13.05.00/2002-03June 26, 2003The Chief Executive Officers ofAll Primary (Urban) Co-operative BanksDear Sir / Madam,Fortnightly report on loans and advances grantedby UCBs to their directors, etc., up to September 30, 2003 Please refer to our Circular No. BPD.Cir.54/13.05.00/2002-03 dated June 24, 2003, advising the Primary (Urban) Co-operative Banks (UCBs), in response to the representations received, that the directions issued by the RBI on prohibition
BPD. Cir. 55 /13.05.00/2002-03June 26, 2003The Chief Executive Officers ofAll Primary (Urban) Co-operative BanksDear Sir / Madam,Fortnightly report on loans and advances grantedby UCBs to their directors, etc., up to September 30, 2003 Please refer to our Circular No. BPD.Cir.54/13.05.00/2002-03 dated June 24, 2003, advising the Primary (Urban) Co-operative Banks (UCBs), in response to the representations received, that the directions issued by the RBI on prohibition
જૂન 26, 2003
Auction of Government of India Dated Securities
Ref.No.IDMC. 5160 /08.02.30.01/2003-04June 26, 2003 All Scheduled Commercial Banks excluding RRBs/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 SecuritiesGovernment of India have offered to sale (re-issue) of "7.37 percent Government Stock 2014" for a notified amount of Rs.5,000 crore (nominal) through a price based auction using multiple pric
Ref.No.IDMC. 5160 /08.02.30.01/2003-04June 26, 2003 All Scheduled Commercial Banks excluding RRBs/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 SecuritiesGovernment of India have offered to sale (re-issue) of "7.37 percent Government Stock 2014" for a notified amount of Rs.5,000 crore (nominal) through a price based auction using multiple pric
જૂન 26, 2003
Auction for Sale (Re-issue ) of ‘6.05 per cent Government Stock, 2019’
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the June 26, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘6.05 per cent Government Stock, 2019’No.4(8)-W&M/2003 (i) : Government of India hereby notifies sale (reissue) of ‘6.05 per cent Government Stock, 2019’ for an aggregate amount of Rs. 4,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the June 26, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘6.05 per cent Government Stock, 2019’No.4(8)-W&M/2003 (i) : Government of India hereby notifies sale (reissue) of ‘6.05 per cent Government Stock, 2019’ for an aggregate amount of Rs. 4,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific
જૂન 26, 2003
Auction for Sale (Re-issue ) of ‘6.13 per cent Government Stock, 2028’
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the June 26, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘6.13 per cent Government Stock, 2028’No.4(8)-W&M/2003 (ii) : Government of India hereby notifies sale (reissue) of ‘6.13 per cent Government Stock, 2028’ for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specifi
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the June 26, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘6.13 per cent Government Stock, 2028’No.4(8)-W&M/2003 (ii) : Government of India hereby notifies sale (reissue) of ‘6.13 per cent Government Stock, 2028’ for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specifi
જૂન 26, 2003
Auction for Sale (Re-issue ) of ‘7.37 per cent Government Stock, 2014’
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the June 26, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘7.37 per cent Government Stock, 2014’No.4(8)-W&M/2003 : Government of India hereby notifies sale (reissue) of ‘7.37 per cent Government Stock, 2014’ for an aggregate amount of Rs. 5,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Not
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the June 26, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘7.37 per cent Government Stock, 2014’No.4(8)-W&M/2003 : Government of India hereby notifies sale (reissue) of ‘7.37 per cent Government Stock, 2014’ for an aggregate amount of Rs. 5,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Not
જૂન 26, 2003
Dishonour of cheques - Procedure thereof
Ref. DBOD.BC.Leg. No.113 / 09.12.001/ 2002-03 June 26, 2003All Scheduled Commercial Banks(Excluding RRBs and LABs)Dear Sir,Dishonour of cheques – Procedure thereofAs you are aware, in January 1992, banks were advised to implement the recommendation of the Goiporia Committee that dishonoured instruments are returned / despatched to the customer promptly without delay, in any case within 24 hours (Ref.No.3.36 – our circular DBOD.No.BC.74/09.07.001/91-92 dated 28th Janua
Ref. DBOD.BC.Leg. No.113 / 09.12.001/ 2002-03 June 26, 2003All Scheduled Commercial Banks(Excluding RRBs and LABs)Dear Sir,Dishonour of cheques – Procedure thereofAs you are aware, in January 1992, banks were advised to implement the recommendation of the Goiporia Committee that dishonoured instruments are returned / despatched to the customer promptly without delay, in any case within 24 hours (Ref.No.3.36 – our circular DBOD.No.BC.74/09.07.001/91-92 dated 28th Janua
જૂન 24, 2003
Loans and advances to directors, relatives and firms / concerns in which they are interested
BPD.Cir.54 /13.05.00/2002-03June 24, 2003The Chief Executive Officers of All Primary (Urban) Co-operative BanksDear Sir / Madam,Loans and advances to directors, relativesand firms / concerns in which they are interestedPlease refer to our Circular No. UBD.No. BPD.Cir.50/13.05.00/2002-03 dated April 29, 2003, in terms of which Primary (urban) Co-operative Banks (UCBs) are not permitted to extend any loans and advances (both secured and unsecured) to the directors, thei
BPD.Cir.54 /13.05.00/2002-03June 24, 2003The Chief Executive Officers of All Primary (Urban) Co-operative BanksDear Sir / Madam,Loans and advances to directors, relativesand firms / concerns in which they are interestedPlease refer to our Circular No. UBD.No. BPD.Cir.50/13.05.00/2002-03 dated April 29, 2003, in terms of which Primary (urban) Co-operative Banks (UCBs) are not permitted to extend any loans and advances (both secured and unsecured) to the directors, thei
જૂન 20, 2003
Investment Portfolio - Transactions in Securities - Audit
Review and Reporting System - Modifications
Review and Reporting System - Modifications
Ref DBS.FID No.C-16 /01.02.00/2002-03 June 20, 2003The CEOs of all-India Term Lending and Refinancing InstitutionsDear Sir,Investment Portfolio - Transactions in Securities - Audit Review and Reporting System - ModificationsPlease refer to paragraphs 3.V(ii) and 3.V(iii) of the Circular DBOD.FSC. BC. No.143A/24.48.001/1991-92 dated June 20, 1992 which had been forwarded to the Financial Institutions (FIs) vide our D.O. letter No.FIC.984-994/01.02.00/1991-92 dated June
Ref DBS.FID No.C-16 /01.02.00/2002-03 June 20, 2003The CEOs of all-India Term Lending and Refinancing InstitutionsDear Sir,Investment Portfolio - Transactions in Securities - Audit Review and Reporting System - ModificationsPlease refer to paragraphs 3.V(ii) and 3.V(iii) of the Circular DBOD.FSC. BC. No.143A/24.48.001/1991-92 dated June 20, 1992 which had been forwarded to the Financial Institutions (FIs) vide our D.O. letter No.FIC.984-994/01.02.00/1991-92 dated June
જૂન 19, 2003
Overseas Direct Investment - Amendments to Forms
A. P. (DIR Series) Circular No.107 (June 19, 2003)
A. P. (DIR Series) Circular No.107 (June 19, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A. P. (DIR Series) Circular No.107 June 19, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/ Sirs,Overseas Direct Investment – Amendments to FormsAttention of authorised dealers is invited to the Foreign Exchange Management (Transfer or issue of any foreign security) Regulations, 2000 notified by the Reserve Bank vide notification No. FEMA 19/RB-2000 as amended from time to time.In order
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001A. P. (DIR Series) Circular No.107 June 19, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/ Sirs,Overseas Direct Investment – Amendments to FormsAttention of authorised dealers is invited to the Foreign Exchange Management (Transfer or issue of any foreign security) Regulations, 2000 notified by the Reserve Bank vide notification No. FEMA 19/RB-2000 as amended from time to time.In order
જૂન 13, 2003
Priority Sector Advances - Credit flow to Minority Communities
UBD.CO.BPD./ 52/09.09.01/2002-0313 June 2003The Chief Executive Officers,All Primary (Urban) Co-operative BanksDear Sir,Priority Sector Advances – Credit flow to Minority CommunitiesPlease refer to our Circular No.UBD.POT.51/09.09.01/2001-02 dated 20 June 2002 advising all the Primary Urban Cooperative Banks to intiate steps to enhance/ augment flow of credit under priority sector to artisans and craftsmen as well as to vegetable vendors, cart pullers etc. belonging t
UBD.CO.BPD./ 52/09.09.01/2002-0313 June 2003The Chief Executive Officers,All Primary (Urban) Co-operative BanksDear Sir,Priority Sector Advances – Credit flow to Minority CommunitiesPlease refer to our Circular No.UBD.POT.51/09.09.01/2001-02 dated 20 June 2002 advising all the Primary Urban Cooperative Banks to intiate steps to enhance/ augment flow of credit under priority sector to artisans and craftsmen as well as to vegetable vendors, cart pullers etc. belonging t
જૂન 11, 2003
Guidelines on Exchange Traded Interest Rate Derivatives
June 11, 2003IDMD.PDRS. 4802(A)/03.64.00/2002-03To All Primary DealersDear Sir,Guidelines on Exchange Traded Interest Rate DerivativesPlease refer to our circular IDMC.PDRS. 4802 /03.64.00/2002-03 dated June 3, 2003 on the captioned subject in terms of which Primary Dealers are allowed to transact in Exchange Traded Interest Rate futures for the purpose of hedging the interest rate risk of their underlying government securities portfolio.2. Based on the feedback from
June 11, 2003IDMD.PDRS. 4802(A)/03.64.00/2002-03To All Primary DealersDear Sir,Guidelines on Exchange Traded Interest Rate DerivativesPlease refer to our circular IDMC.PDRS. 4802 /03.64.00/2002-03 dated June 3, 2003 on the captioned subject in terms of which Primary Dealers are allowed to transact in Exchange Traded Interest Rate futures for the purpose of hedging the interest rate risk of their underlying government securities portfolio.2. Based on the feedback from
જૂન 09, 2003
Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2003
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 Notification No.FEMA. 93 /2003-RB dated June 9, 2003 Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (i) of sub-section (3) of Section 6, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.F
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 001 Notification No.FEMA. 93 /2003-RB dated June 9, 2003 Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) (Amendment) Regulations, 2003 In exercise of the powers conferred by clause (i) of sub-section (3) of Section 6, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.F
જૂન 07, 2003
Foreign Exchange Management(Foreign Currency Account by a Person Resident in India) (Fourth Amendment)Regulations, 2003
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 @@NBSP@@ Notification No.FEMA 92/2003-RB dated June 7,2003 @@NBSP@@ Foreign Exchange Management(Foreign Currency Account by a Person Resident in India) (Fourth Amendment)Regulations, 2003 In exercise of powers conferred by clause(b) of Section 9 and clause(e) of sub-section 2 of Section 47 of the Foreign Exchange Management Act,1999(42 of 1999) and in partial modification of its Notificati
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 @@NBSP@@ Notification No.FEMA 92/2003-RB dated June 7,2003 @@NBSP@@ Foreign Exchange Management(Foreign Currency Account by a Person Resident in India) (Fourth Amendment)Regulations, 2003 In exercise of powers conferred by clause(b) of Section 9 and clause(e) of sub-section 2 of Section 47 of the Foreign Exchange Management Act,1999(42 of 1999) and in partial modification of its Notificati
જૂન 04, 2003
Money Transfer Service Scheme
Money Transfer Service Scheme ( MTSS ) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. Only personal remittances such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible. The system envisages a tie-up between reputed money transfer companies abroad and agents in India who would disburse the funds to the beneficiaries at ongoing exchange rates. The system
Money Transfer Service Scheme ( MTSS ) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. Only personal remittances such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible. The system envisages a tie-up between reputed money transfer companies abroad and agents in India who would disburse the funds to the beneficiaries at ongoing exchange rates. The system
જૂન 03, 2003
Guidelines on Exchange Traded Interest Rate Derivatives (for Banks)
IDMC. MSRD. 4801/06.01.03/2002-03June 3, 2003ToAll Scheduled Commercial Banks (excluding RRBs & LABs),and specified All India Financial InstitutionsDear Sir,Guidelines on Exchange Traded Interest Rate DerivativesIt has been decided to introduce exchange traded Interest Rate Derivatives (IRDs) to enable better risk management in the Indian market. In the first phase, the Securities and Exchange Board of India (SEBI) has decided to introduce anonymous order driven s
IDMC. MSRD. 4801/06.01.03/2002-03June 3, 2003ToAll Scheduled Commercial Banks (excluding RRBs & LABs),and specified All India Financial InstitutionsDear Sir,Guidelines on Exchange Traded Interest Rate DerivativesIt has been decided to introduce exchange traded Interest Rate Derivatives (IRDs) to enable better risk management in the Indian market. In the first phase, the Securities and Exchange Board of India (SEBI) has decided to introduce anonymous order driven s
જૂન 03, 2003
Guidelines on Exchange Traded Interest Rate Derivatives (for Primary Dealers)
IDMC.PDRS. 4802 /03.64.00/2002-03 June 3, 2003 To All Primary Dealers Dear Sir, Guidelines on Exchange Traded Interest Rate Derivatives It has been decided to introduce exchange traded Interest Rate Derivatives (IRDs) to enable better risk management in the Indian market. In the first phase, the Securities and Exchange Board of India (SEBI) has decided to introduce anonymous order driven system for trading in Interest Rate Derivatives (IRDs) on The Stock Exchange, Mum
IDMC.PDRS. 4802 /03.64.00/2002-03 June 3, 2003 To All Primary Dealers Dear Sir, Guidelines on Exchange Traded Interest Rate Derivatives It has been decided to introduce exchange traded Interest Rate Derivatives (IRDs) to enable better risk management in the Indian market. In the first phase, the Securities and Exchange Board of India (SEBI) has decided to introduce anonymous order driven system for trading in Interest Rate Derivatives (IRDs) on The Stock Exchange, Mum
મે 30, 2003
Flow of Credit to Small Scale Industries Sector (SSIs)
IECD. No. 20 /08.12.01/2002-03May 30, 2003The Chairmen / Chief Executive Officers ofAll Commercial BanksDear Sir,Flow of Credit to Small Scale Industries Sector (SSIs)Please refer to our circular IECD/5/08.12.01/2000-01 dated 16th October 2000 on the captioned subject. 2. Of late, we have been receiving representations from various quarters that the instructions requiring the banks to create sub-limit in the accounts of large borrower accounts to take care of payment
IECD. No. 20 /08.12.01/2002-03May 30, 2003The Chairmen / Chief Executive Officers ofAll Commercial BanksDear Sir,Flow of Credit to Small Scale Industries Sector (SSIs)Please refer to our circular IECD/5/08.12.01/2000-01 dated 16th October 2000 on the captioned subject. 2. Of late, we have been receiving representations from various quarters that the instructions requiring the banks to create sub-limit in the accounts of large borrower accounts to take care of payment
મે 30, 2003
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.)
and Refinancing Institutions (Exim Bank, IDBI, IDFC Ltd.,
IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.)
DBS. FID. No. C-15 / 01.02.00 / 2002-03May 30, 2003The 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,Revised guidelines for compromise settlement of chronic Non Performing Assets (NPAs)Please refer to our Circular DBS. FID. No. C-13 / 01.02.00 / 2002-03 dated February 04, 2003 enclosing therewith DBOD Circular No. BP. BC. 65 /21.04.117 / 2002-2003 dated Januar
DBS. FID. No. C-15 / 01.02.00 / 2002-03May 30, 2003The 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,Revised guidelines for compromise settlement of chronic Non Performing Assets (NPAs)Please refer to our Circular DBS. FID. No. C-13 / 01.02.00 / 2002-03 dated February 04, 2003 enclosing therewith DBOD Circular No. BP. BC. 65 /21.04.117 / 2002-2003 dated Januar
મે 28, 2003
Auction of Government of India Dated Securities
Ref.No.IDMC 4676 /08.02.31.1/2002-03May 28, 2003All Scheduled Commercial Banks excluding RRBs/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 SecuritiesGovernment of India have offered to sell (re-issue) "6.85 percent Government Stock 2012" for a notified amount of Rs.6,000 crore through a price based auction using multiple price method vide Not
Ref.No.IDMC 4676 /08.02.31.1/2002-03May 28, 2003All Scheduled Commercial Banks excluding RRBs/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 SecuritiesGovernment of India have offered to sell (re-issue) "6.85 percent Government Stock 2012" for a notified amount of Rs.6,000 crore through a price based auction using multiple price method vide Not
મે 28, 2003
Scheme for Non-competitive Bidding Facility in
the Auctions of Government Securities
the Auctions of Government Securities
ANNEX I. Scope : With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount.II. Eligibility: Participation on a non-competitive basis
ANNEX I. Scope : With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount.II. Eligibility: Participation on a non-competitive basis
મે 28, 2003
Auction for Sale (Re-issue ) of ‘6.85 per cent Government Stock, 2012’
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the May 28, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘6.85 per cent Government Stock, 2012’No.4(8)-W&M/2003 : Government of India hereby notifies sale (reissue) of ‘6.85 per cent Government Stock, 2012’ for an aggregate amount of Rs. 6,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Noti
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the May 28, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘6.85 per cent Government Stock, 2012’No.4(8)-W&M/2003 : Government of India hereby notifies sale (reissue) of ‘6.85 per cent Government Stock, 2012’ for an aggregate amount of Rs. 6,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Noti
મે 28, 2003
Auction for Sale of Government Stock of 25 Years
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the May 28, 2003NOTIFICATIONAuction for Sale of Government Stock of 25 YearsF. No. 4(8)-W&M/2003 (i): Government of India hereby notifies sale of Government Stock (securities) of 25-Year tenure for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this Notification (called ‘Specific Notification’) as al
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the May 28, 2003NOTIFICATIONAuction for Sale of Government Stock of 25 YearsF. No. 4(8)-W&M/2003 (i): Government of India hereby notifies sale of Government Stock (securities) of 25-Year tenure for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this Notification (called ‘Specific Notification’) as al
મે 23, 2003
Revised guidelines for compromise settlement of chronic
Non-Performing Assets (NPAs) of public sector banks
Non-Performing Assets (NPAs) of public sector banks
DBOD No. BP. BC 108 / 21.04.117/2002-2003 May 23, 2003Chairmen and Managing Directors of all Public Sector BanksDear Sir,Revised guidelines for compromise settlement of chronicNon-Performing Assets (NPAs) of public sector banksPlease refer to our circular DBOD No. BP.BC. 65 / 21.04.117 / 2002-2003 dated January 29, 2003 setting out the guidelines for compromise settlements of chronic NPAs up to Rs. 10.00 crore. In terms of paragraph 3 (A) (i) (e) thereof, the last dat
DBOD No. BP. BC 108 / 21.04.117/2002-2003 May 23, 2003Chairmen and Managing Directors of all Public Sector BanksDear Sir,Revised guidelines for compromise settlement of chronicNon-Performing Assets (NPAs) of public sector banksPlease refer to our circular DBOD No. BP.BC. 65 / 21.04.117 / 2002-2003 dated January 29, 2003 setting out the guidelines for compromise settlements of chronic NPAs up to Rs. 10.00 crore. In terms of paragraph 3 (A) (i) (e) thereof, the last dat
મે 22, 2003
Income Recognition, Asset Classification, Provisioning - 90 days Norm for recognition of loan impairment - exemptions
BPD.CIR.48/13.04.00/2002-03May 22, 2003All Primary (Urban) Co-operative BanksDear Sirs,Income Recognition, Asset Classification, Provisioning - 90 days Norm for recognition of loan impairment - exemptionsPlease refer to paragraph 2.1.2 of the Master Circular No.BSD.IP.30/12.05.05/ 2002-03 dated December 26, 2002 on income recognition, asset classification, provisioning and related matters. It advised UCBs to classify an asset as non-performing if the interest and/or i
BPD.CIR.48/13.04.00/2002-03May 22, 2003All Primary (Urban) Co-operative BanksDear Sirs,Income Recognition, Asset Classification, Provisioning - 90 days Norm for recognition of loan impairment - exemptionsPlease refer to paragraph 2.1.2 of the Master Circular No.BSD.IP.30/12.05.05/ 2002-03 dated December 26, 2002 on income recognition, asset classification, provisioning and related matters. It advised UCBs to classify an asset as non-performing if the interest and/or i
મે 17, 2003
Monetary and Credit Policy for the year 2003- 04
- Placement of deposits by Non- scheduled UCBs
with Scheduled UCBs
- Placement of deposits by Non- scheduled UCBs
with Scheduled UCBs
BPD. PCB. Cir. 46 / 16.20.00 /2002-03 May 17, 2003All Primary ( Urban ) Co-operative BanksDear Sir / Madam,Monetary and Credit Policy for the year 2003- 04- Placement of deposits by Non- scheduled UCBswith Scheduled UCBsIn terms of circular UBD.No. BR. 43/ 16.20.00 / 2000-01 dated April 19, 2001, urban co-operative banks ( UCBs) were prohibited from placing any fresh deposits with other UCBs except by way of balances in current accounts for meeting their clearing and
BPD. PCB. Cir. 46 / 16.20.00 /2002-03 May 17, 2003All Primary ( Urban ) Co-operative BanksDear Sir / Madam,Monetary and Credit Policy for the year 2003- 04- Placement of deposits by Non- scheduled UCBswith Scheduled UCBsIn terms of circular UBD.No. BR. 43/ 16.20.00 / 2000-01 dated April 19, 2001, urban co-operative banks ( UCBs) were prohibited from placing any fresh deposits with other UCBs except by way of balances in current accounts for meeting their clearing and
મે 14, 2003
Scheme for Non-competitive Bidding Facility in
the Auctions of Government Securities - Annex I
the Auctions of Government Securities - Annex I
I. Scope : With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount.II. Eligibility: Participation on a non-competitive basis in th
I. Scope : With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount.II. Eligibility: Participation on a non-competitive basis in th
મે 14, 2003
Auction for Sale of Government of India Floating Rate Bonds 2014
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the May 14, 2003NOTIFICATIONAuction for Sale of Government of India Floating Rate Bonds 2014F.No.4(8) – W&M/2003: Government of India hereby notifies sale of Floating Rate Bonds ( hereinafter called 'the Bonds') of 11 year tenure for an aggregate amount of Rs 5,000 crore. The sale will be subject to the terms and conditions spelt out in this notification (called ‘Spec
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the May 14, 2003NOTIFICATIONAuction for Sale of Government of India Floating Rate Bonds 2014F.No.4(8) – W&M/2003: Government of India hereby notifies sale of Floating Rate Bonds ( hereinafter called 'the Bonds') of 11 year tenure for an aggregate amount of Rs 5,000 crore. The sale will be subject to the terms and conditions spelt out in this notification (called ‘Spec
મે 14, 2003
New Basel Capital Accord
DBOD.BP.1361 /21.04.118/ 2002-03 May 14, 2003All Scheduled Commercial Banks(excluding RRBs and LABs)Dear Sir,New Basel Capital Accord.As you are aware, the Basel Committee on Banking Supervision (BCBS) is now engaged in revision to the Capital Accord of 1988. After conducting an impact assessment [Quantitative Impact Study (QIS 3)], the BCBS has recently issued Consultative Document (CP 3) on the New Basel Capital Accord for comments by July 31, 2003. The Consultative
DBOD.BP.1361 /21.04.118/ 2002-03 May 14, 2003All Scheduled Commercial Banks(excluding RRBs and LABs)Dear Sir,New Basel Capital Accord.As you are aware, the Basel Committee on Banking Supervision (BCBS) is now engaged in revision to the Capital Accord of 1988. After conducting an impact assessment [Quantitative Impact Study (QIS 3)], the BCBS has recently issued Consultative Document (CP 3) on the New Basel Capital Accord for comments by July 31, 2003. The Consultative
મે 14, 2003
Monetary and Credit Policy for the year 2003-04 - Priority Sector Advances
Ref.No.UBD.BPD.45/09.09.01/2002-03May 14, 2003ToThe CEOs of allPrimary (Urban) Co-operative BanksDear Sir/Madam,Monetary and Credit Policy for the year2003-04 - Priority Sector AdvancesIn pursuance of paragraph Nos.86 and 87 (copies enclosed) of the Statement on Monetary and Credit Policy for the year 2003-04, the following changes have been effected in respect of advances by urban co-operative banks under priority sector :(a) Credit for drip irrigation/sprinkler irri
Ref.No.UBD.BPD.45/09.09.01/2002-03May 14, 2003ToThe CEOs of allPrimary (Urban) Co-operative BanksDear Sir/Madam,Monetary and Credit Policy for the year2003-04 - Priority Sector AdvancesIn pursuance of paragraph Nos.86 and 87 (copies enclosed) of the Statement on Monetary and Credit Policy for the year 2003-04, the following changes have been effected in respect of advances by urban co-operative banks under priority sector :(a) Credit for drip irrigation/sprinkler irri
મે 14, 2003
Auction of Floating Rate Bonds, 2014
Ref.No.IDMC. 4503 /08.02.30.01/2003-04 May 14, 2003All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary Dealers in Government Securities Market.Dear Sirs,Auction of Floating Rate Bonds, 2014Government of India have offered to sell "Floating Rate Bonds, 2014" vide Notification F.No.4(8)-W&M/2003 dated May 14, 2003 for a notified amount of Rs.5,000 crore (n
Ref.No.IDMC. 4503 /08.02.30.01/2003-04 May 14, 2003All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary Dealers in Government Securities Market.Dear Sirs,Auction of Floating Rate Bonds, 2014Government of India have offered to sell "Floating Rate Bonds, 2014" vide Notification F.No.4(8)-W&M/2003 dated May 14, 2003 for a notified amount of Rs.5,000 crore (n
મે 13, 2003
Relief measures by banks in areas affected by drought-modalities of reimbursement
RPCD.NO.PLFS.BC. 96 /05.04.02(DROUGHT)/2002-0313 May 2003All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Relief measures by banks in areasaffected by drought-modalities of reimbursementPlease refer to our circular RPCD.NO.PLFS.BC. 75/05.04.02(Drought) /2002-03 dated March 11, 2003 forwarding therewith guidelines in respect of Interest Waiver Scheme on Kharif Crop Loans, Drought, 2002. 2. Government of India has, on further examination, advised us that the follo
RPCD.NO.PLFS.BC. 96 /05.04.02(DROUGHT)/2002-0313 May 2003All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Relief measures by banks in areasaffected by drought-modalities of reimbursementPlease refer to our circular RPCD.NO.PLFS.BC. 75/05.04.02(Drought) /2002-03 dated March 11, 2003 forwarding therewith guidelines in respect of Interest Waiver Scheme on Kharif Crop Loans, Drought, 2002. 2. Government of India has, on further examination, advised us that the follo
મે 07, 2003
Monetary and Credit Policy 2003-04 -
Provisioning for NPAs
Provisioning for NPAs
DBOD. BP. BC. 106/ 21.04.048/2002- 2003 May 7, 2003All Commercial Banks(excluding RRBs & LABs)Dear Sir, Monetary and Credit Policy 2003-04 – Provisioning for NPAs Please refer to paragraph 130 of the Statement on 'Monetary and Credit Policy for the year 2003-04' enclosed with Governor's letter No. MPD. BC. 230/ 07.01.279/ 2002-03 dated April 29, 2003. Paragraph 5(A)(a) of the Annexure to our circular DBOD No. BP.BC 96/21.04.048/2002-03 dated April 23, 2003 provide
DBOD. BP. BC. 106/ 21.04.048/2002- 2003 May 7, 2003All Commercial Banks(excluding RRBs & LABs)Dear Sir, Monetary and Credit Policy 2003-04 – Provisioning for NPAs Please refer to paragraph 130 of the Statement on 'Monetary and Credit Policy for the year 2003-04' enclosed with Governor's letter No. MPD. BC. 230/ 07.01.279/ 2002-03 dated April 29, 2003. Paragraph 5(A)(a) of the Annexure to our circular DBOD No. BP.BC 96/21.04.048/2002-03 dated April 23, 2003 provide
મે 07, 2003
Monetary and Credit Policy 2003- 04 -
Investment Fluctuation Reserve
Investment Fluctuation Reserve
DBOD. BP. BC. 105 / 21.01.002/ 2002- 2003 May 7, 2003All Scheduled Commercial Banks(excluding RRBs & LABs)Dear Sir, Monetary and Credit Policy 2003- 04 -Investment Fluctuation ReservePlease refer to paragraph 127 of the Statement on 'Monetary and Credit Policy for the year 2003-04' enclosed with Governor's letter No. MPD. BC. 230/ 07.01.279/ 2002-03 dated April 29, 2003. As suggested by banks and to give further relaxation in building Investment Fluctuation Reserv
DBOD. BP. BC. 105 / 21.01.002/ 2002- 2003 May 7, 2003All Scheduled Commercial Banks(excluding RRBs & LABs)Dear Sir, Monetary and Credit Policy 2003- 04 -Investment Fluctuation ReservePlease refer to paragraph 127 of the Statement on 'Monetary and Credit Policy for the year 2003-04' enclosed with Governor's letter No. MPD. BC. 230/ 07.01.279/ 2002-03 dated April 29, 2003. As suggested by banks and to give further relaxation in building Investment Fluctuation Reserv
મે 05, 2003
Guidelines on Fair Practices Code for Lenders
DBOD. Leg. No.BC. 104 /09.07.007/2002-03 May 5, 2003All Scheduled Commercial Banks / All India Financial Institutions(Excluding RRBs and LABs)Dear Sir,Guidelines on Fair Practices Code for LendersOn the basis of the recommendations of the Working Group on Lenders’ Liability Laws constituted by the Government of India, we have examined, in consultation with Government, select banks and financial institutions, the feasibility of introducing the Fair Practices Code for L
DBOD. Leg. No.BC. 104 /09.07.007/2002-03 May 5, 2003All Scheduled Commercial Banks / All India Financial Institutions(Excluding RRBs and LABs)Dear Sir,Guidelines on Fair Practices Code for LendersOn the basis of the recommendations of the Working Group on Lenders’ Liability Laws constituted by the Government of India, we have examined, in consultation with Government, select banks and financial institutions, the feasibility of introducing the Fair Practices Code for L
મે 03, 2003
Monetary & Credit Policy for the year 2003-04-Reporting of Call/Notice Money Market Transactions on NDS Platform
BPD.Cir. 7 /13.01.00/2002-03May 3, 2003The Chief Executive OfficersAll Scheduled Primary (Urban) Co-op. BanksDear Sirs,Monetary & Credit Policy for the year 2003-04-Reporting of Call/Notice Money MarketTransactions on NDS PlatformPlease refer to paragraph 96 of the Governor's statement on Monetary and Credit Policy for the year 2003-04 (copy of the paragraph enclosed).At present, all deals in government securities, call/notice/term money, Certificates of Deposits
BPD.Cir. 7 /13.01.00/2002-03May 3, 2003The Chief Executive OfficersAll Scheduled Primary (Urban) Co-op. BanksDear Sirs,Monetary & Credit Policy for the year 2003-04-Reporting of Call/Notice Money MarketTransactions on NDS PlatformPlease refer to paragraph 96 of the Governor's statement on Monetary and Credit Policy for the year 2003-04 (copy of the paragraph enclosed).At present, all deals in government securities, call/notice/term money, Certificates of Deposits
એપ્રિલ 30, 2003
Interest Rates on Advances - Prime Lending Rate and Spreads
DBOD. No. Dir. BC.103A/13.03.00/2002-03April 30, 2003All Scheduled Commercial Banks(excluding RRBs and LABs)Dear SirPlease refer to paragraph 2 of our Master Circular DBOD. No. Dir. BC. 11/ 13.03.00/2002-03 dated July 30, 2002 on Prime Lending Rate (PLR). 2. In this connection, a reference is invited to paragraphs 81, 82 & 83 of the statement on ‘Monetary and Credit Policy’ for the year 2003-04 enclosed with Governor’s letter MPD No. BC. 230/07.01.279/2002-03 date
DBOD. No. Dir. BC.103A/13.03.00/2002-03April 30, 2003All Scheduled Commercial Banks(excluding RRBs and LABs)Dear SirPlease refer to paragraph 2 of our Master Circular DBOD. No. Dir. BC. 11/ 13.03.00/2002-03 dated July 30, 2002 on Prime Lending Rate (PLR). 2. In this connection, a reference is invited to paragraphs 81, 82 & 83 of the statement on ‘Monetary and Credit Policy’ for the year 2003-04 enclosed with Governor’s letter MPD No. BC. 230/07.01.279/2002-03 date
એપ્રિલ 30, 2003
Guidelines for issue of Commercial Paper(CP)
IECD.No. 19 /08.15.01/2002-03April 30, 2003The Chairman and Managing Directors / Chief Executives ofAll Commercial BanksDear Sir,Guidelines for issue of Commercial Paper(CP)Please refer to paragraph No. 99 of the Monetary and Credit Policy Statement for the year 2003-04 dated 29th April 2003, ( copy of the paragraph enclosed), indicating certain modifications to our earlier guidelines relating to provision of credit enhancement for CP issues. The relevant guidelines a
IECD.No. 19 /08.15.01/2002-03April 30, 2003The Chairman and Managing Directors / Chief Executives ofAll Commercial BanksDear Sir,Guidelines for issue of Commercial Paper(CP)Please refer to paragraph No. 99 of the Monetary and Credit Policy Statement for the year 2003-04 dated 29th April 2003, ( copy of the paragraph enclosed), indicating certain modifications to our earlier guidelines relating to provision of credit enhancement for CP issues. The relevant guidelines a
એપ્રિલ 30, 2003
Auction of Government of India Dated Securities
Ref.No.IDMC. 4309 /08.02.30.01/2002-03April 30, 2003All Scheduled Commercial Banks excluding RRBs/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 sale (re-issue) of "7.27 percent Government Stock 2013" for a notified amount of Rs.6,000 crore (nominal) through a price based auction using multiple pri
Ref.No.IDMC. 4309 /08.02.30.01/2002-03April 30, 2003All Scheduled Commercial Banks excluding RRBs/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 sale (re-issue) of "7.27 percent Government Stock 2013" for a notified amount of Rs.6,000 crore (nominal) through a price based auction using multiple pri
એપ્રિલ 30, 2003
Scheme for Non-competitive Bidding Facility in
the Auctions of Government Securities - Annexure
the Auctions of Government Securities - Annexure
I. Scope : With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount.II. Eligibility: Participation on a non-competitive basis in th
I. Scope : With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount.II. Eligibility: Participation on a non-competitive basis in th
એપ્રિલ 30, 2003
Auction for Sale (Re-issue ) of ‘6.30 per cent Government Stock, 2023’
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the April 30, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘6.30 per cent Government Stock, 2023’No.4(8)-W&M/2003 (i) : Government of India hereby notifies sale (reissue) of ‘6.30 per cent Government Stock, 2023’ for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specifi
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the April 30, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘6.30 per cent Government Stock, 2023’No.4(8)-W&M/2003 (i) : Government of India hereby notifies sale (reissue) of ‘6.30 per cent Government Stock, 2023’ for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specifi
એપ્રિલ 30, 2003
Auction for Sale (Re-issue ) of ‘7.27 per cent Government Stock, 2013’
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the April 30, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘7.27 per cent Government Stock, 2013’No.4(8)-W&M/2003 : Government of India hereby notifies sale (reissue) of ‘7.27 per cent Government Stock, 2013’ for an aggregate amount of Rs. 6,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific No
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the April 30, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘7.27 per cent Government Stock, 2013’No.4(8)-W&M/2003 : Government of India hereby notifies sale (reissue) of ‘7.27 per cent Government Stock, 2013’ for an aggregate amount of Rs. 6,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific No
એપ્રિલ 30, 2003
Rupee Export Credit Interest Rates
IECD No. 18 /04.02.01/2002-03April 30, 2003The Chairmen/Chief Executives ofall commercial banksDear Sir,Rupee Export Credit Interest Rates Please refer to our circular IECD.No.7/04.02.01/2002-03 dated September 23, 2002 advising a reduction in the ceiling interest rates on rupee export credit by 1 percentage point across the board effective from September 26,2001 to April 30, 2003.2. The validity of the interest rates on rupee export credit effective from September 26
IECD No. 18 /04.02.01/2002-03April 30, 2003The Chairmen/Chief Executives ofall commercial banksDear Sir,Rupee Export Credit Interest Rates Please refer to our circular IECD.No.7/04.02.01/2002-03 dated September 23, 2002 advising a reduction in the ceiling interest rates on rupee export credit by 1 percentage point across the board effective from September 26,2001 to April 30, 2003.2. The validity of the interest rates on rupee export credit effective from September 26
એપ્રિલ 29, 2003
Deposits under Non-Resident (External) Rupee Accounts (NRE Accounts)
Ref. No. DBOD. Dir. BC. 101/13.01.09/2002-03 April 29, 2003Deposits under Non-Resident (External) Rupee Accounts (NRE Accounts)In exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949 and in modification of its Master Circular DBOD No. Dir. BC. 12/13.03.00/2002-03 dated 31 July 2002 relating to deposits accepted under Non-Resident (External) Rupee Accounts Scheme, the Reserve Bank of India being satisfied that it is necessary and
Ref. No. DBOD. Dir. BC. 101/13.01.09/2002-03 April 29, 2003Deposits under Non-Resident (External) Rupee Accounts (NRE Accounts)In exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949 and in modification of its Master Circular DBOD No. Dir. BC. 12/13.03.00/2002-03 dated 31 July 2002 relating to deposits accepted under Non-Resident (External) Rupee Accounts Scheme, the Reserve Bank of India being satisfied that it is necessary and
એપ્રિલ 29, 2003
Reporting of Call/Notice Money Market Transactions on NDS Platform
REF: No. MPD. BC.235/07.01.279/ 2002-03 April 29, 2003Vaishakha 9, 1925(S)To All Scheduled Commercial Banks (excluding Regional Rural Banks), Co-operative Banks, Primary Dealers, All-India Financial Institutions and select Mutual FundsDear Sirs,Reporting of Call/Notice Money Market Transactions on NDS PlatformPlease refer to Paragraph 96 of the Governor’s statement on Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC. 230/07.01.279/2
REF: No. MPD. BC.235/07.01.279/ 2002-03 April 29, 2003Vaishakha 9, 1925(S)To All Scheduled Commercial Banks (excluding Regional Rural Banks), Co-operative Banks, Primary Dealers, All-India Financial Institutions and select Mutual FundsDear Sirs,Reporting of Call/Notice Money Market Transactions on NDS PlatformPlease refer to Paragraph 96 of the Governor’s statement on Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC. 230/07.01.279/2
એપ્રિલ 29, 2003
Priority Sector Advances-loans for Housing
RPCD.PLNFS.BC.No.92/06.11.01/2002-03April 29, 2003The Chairman/Managing Director/Chief Executive OfficerAll Scheduled Banks(including RRBs) and Local Area BanksDear Sir,Priority Sector Advances-loans for HousingPlease refer to circular RPCD. PLNFS. No. BC.37/06.11.01/97-98 dated October 21, 1997 wherein the quantum of direct housing loans for construction of houses by individuals to be reckoned under priority sector advances was enhanced from Rs.3 lakh to Rs.5 lakh. S
RPCD.PLNFS.BC.No.92/06.11.01/2002-03April 29, 2003The Chairman/Managing Director/Chief Executive OfficerAll Scheduled Banks(including RRBs) and Local Area BanksDear Sir,Priority Sector Advances-loans for HousingPlease refer to circular RPCD. PLNFS. No. BC.37/06.11.01/97-98 dated October 21, 1997 wherein the quantum of direct housing loans for construction of houses by individuals to be reckoned under priority sector advances was enhanced from Rs.3 lakh to Rs.5 lakh. S
એપ્રિલ 29, 2003
Change in Bank Rate
BP. CIR. 11 /16.11.00/2002-03April 29, 2003All Primary (Urban) Co-operative BanksDear Sir,Change in Bank RateIn terms of our circular letter No. BR.PCB. CIR.25/16.11.00/2002-2003 dated October 29, 2002, the Bank Rate was reduced from 6.50 percent per annum to 6.25 percent per annum. A reference is invited to para 71 of the Monetary and Credit Policy for the year 2003-2004 announced on 29 April, 2003 in terms of which the Bank Rate has been reduced by 0.25 percentage p
BP. CIR. 11 /16.11.00/2002-03April 29, 2003All Primary (Urban) Co-operative BanksDear Sir,Change in Bank RateIn terms of our circular letter No. BR.PCB. CIR.25/16.11.00/2002-2003 dated October 29, 2002, the Bank Rate was reduced from 6.50 percent per annum to 6.25 percent per annum. A reference is invited to para 71 of the Monetary and Credit Policy for the year 2003-2004 announced on 29 April, 2003 in terms of which the Bank Rate has been reduced by 0.25 percentage p
એપ્રિલ 29, 2003
Loans and advances to directors, relatives and firms /concerns in which they are interested
BPD.Cir.50/13.05.00/2002-03April 29, 2003The Chief Executive Officers ofAll Primary (Urban) Co-operative BanksDear Sir/Madam,Loans and advances to directors, relativesand firms /concerns in which they are interestedPlease refer to our Directives No. UBD. DS. PCB.DIR. 5/ 13.05.00/1993-94 dated May 26, 1994 and No.UBD.DS.DIR.3/13.05.00/2002-03 dated December 4, 2002 in terms of which the overall ceiling for loans and advances (both secured and unsecured) to all director
BPD.Cir.50/13.05.00/2002-03April 29, 2003The Chief Executive Officers ofAll Primary (Urban) Co-operative BanksDear Sir/Madam,Loans and advances to directors, relativesand firms /concerns in which they are interestedPlease refer to our Directives No. UBD. DS. PCB.DIR. 5/ 13.05.00/1993-94 dated May 26, 1994 and No.UBD.DS.DIR.3/13.05.00/2002-03 dated December 4, 2002 in terms of which the overall ceiling for loans and advances (both secured and unsecured) to all director
એપ્રિલ 29, 2003
Section 42(1) of Reserve Bank of India Act, 1934 - Maintenance of Cash Reserve Ratio (CRR) by Scheduled Primary (Urban) Co-operative Banks
BP.Cir. 10 /16.11.00/2002-03April 29, 2003TO ALL SCHEDULED PRIMARY (URBAN) CO-OPERATIVE BANKSDear Sirs,Section 42(1) of Reserve Bank of India Act, 1934 –Maintenance of Cash Reserve Ratio (CRR) byScheduled Primary (Urban) Co-operative BanksPlease refer to para 1 of our circular BR. CIR. 6/ 16.11.00/2002- 03 dated 29 October, 2002 in terms of which Scheduled Primary (Urban) Co-operative Banks are required to maintain an average CRR of 4.75 per cent on their Net Demand a
BP.Cir. 10 /16.11.00/2002-03April 29, 2003TO ALL SCHEDULED PRIMARY (URBAN) CO-OPERATIVE BANKSDear Sirs,Section 42(1) of Reserve Bank of India Act, 1934 –Maintenance of Cash Reserve Ratio (CRR) byScheduled Primary (Urban) Co-operative BanksPlease refer to para 1 of our circular BR. CIR. 6/ 16.11.00/2002- 03 dated 29 October, 2002 in terms of which Scheduled Primary (Urban) Co-operative Banks are required to maintain an average CRR of 4.75 per cent on their Net Demand a
એપ્રિલ 29, 2003
Maximum Limit on Advances - Limits on Unsecured Advances to Single Borrower/Connected Group
BPD.PCB.CIR.51/13.05.00/2002-03April 29, 2003 The Chief Executive Officers ofAll Primary (Urban) Co-operative BanksDear Sir/Madam,Maximum Limit on Advances - Limits on Unsecured Advances to Single Borrower/Connected Group Please refer to our directive UBD. No (PCB).DIR.5/13.05.00/1993-94 dated May 26, 1994, prescribing, among other things, the maximum limits on unsecured advances by UCBs to any single borrower/connected group or to relatives of directors, as amended f
BPD.PCB.CIR.51/13.05.00/2002-03April 29, 2003 The Chief Executive Officers ofAll Primary (Urban) Co-operative BanksDear Sir/Madam,Maximum Limit on Advances - Limits on Unsecured Advances to Single Borrower/Connected Group Please refer to our directive UBD. No (PCB).DIR.5/13.05.00/1993-94 dated May 26, 1994, prescribing, among other things, the maximum limits on unsecured advances by UCBs to any single borrower/connected group or to relatives of directors, as amended f
એપ્રિલ 29, 2003
Deposits under Non- Resident (External) Rupee (NRE) Accounts Scheme
BPD.PCB.Cir. 49 / 13.01.00/ 2002-03April 29,2003All Primary (Urban ) Co-operative BanksDear Sir / Madam,Deposits under Non- Resident (External)Rupee (NRE) Accounts SchemePlease refer to our circular UBD. No. PCB. Cir. 70/ 13.01.00 / 93-94 dated May 14, 1994, in terms of which the minimum maturity period of a term deposit under this Scheme was raised from 46 days to 6 months.2. As indicated in paragraph Nos. 84 and 85 of the Governor’s Statement dated April 29,2003 on
BPD.PCB.Cir. 49 / 13.01.00/ 2002-03April 29,2003All Primary (Urban ) Co-operative BanksDear Sir / Madam,Deposits under Non- Resident (External)Rupee (NRE) Accounts SchemePlease refer to our circular UBD. No. PCB. Cir. 70/ 13.01.00 / 93-94 dated May 14, 1994, in terms of which the minimum maturity period of a term deposit under this Scheme was raised from 46 days to 6 months.2. As indicated in paragraph Nos. 84 and 85 of the Governor’s Statement dated April 29,2003 on
એપ્રિલ 29, 2003
Export Credit Refinance Facility
REF: No. MPD. BC.232/07.01.279/ 2002-03 April 29, 2003Vaishakha 9, 1925(S)To:All Scheduled Banks (excluding Regional Rural Banks (RRBs))Dear Sirs,Export Credit Refinance FacilityPlease refer to Paragraph 76 of the Governor’s statement on Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC. 230/07.01.279/2002-03 dated April 29, 2003 (copy of the paragraph enclosed). 2. In the mid-term Review of the Monetary and Credit Policy in October
REF: No. MPD. BC.232/07.01.279/ 2002-03 April 29, 2003Vaishakha 9, 1925(S)To:All Scheduled Banks (excluding Regional Rural Banks (RRBs))Dear Sirs,Export Credit Refinance FacilityPlease refer to Paragraph 76 of the Governor’s statement on Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC. 230/07.01.279/2002-03 dated April 29, 2003 (copy of the paragraph enclosed). 2. In the mid-term Review of the Monetary and Credit Policy in October
એપ્રિલ 29, 2003
Rationalisation of Back-stop Facility Rate
REF: No. MPD. BC.233/07.01.279/ 2002-03 April 29, 2003Vaishakha 9, 1925(S)To:All Scheduled Banks (excluding Regional Rural Banks (RRBs))and Primary DealersDear Sirs,Rationalisation of Back-stop Facility RatePlease refer to Paragraphs 77 through 79 of the Governor’s statement on Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC.230/07.01.279/2002-03 dated April 29, 2003 (copy of the paragraphs enclosed). 2. It may be indicated that at
REF: No. MPD. BC.233/07.01.279/ 2002-03 April 29, 2003Vaishakha 9, 1925(S)To:All Scheduled Banks (excluding Regional Rural Banks (RRBs))and Primary DealersDear Sirs,Rationalisation of Back-stop Facility RatePlease refer to Paragraphs 77 through 79 of the Governor’s statement on Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC.230/07.01.279/2002-03 dated April 29, 2003 (copy of the paragraphs enclosed). 2. It may be indicated that at
એપ્રિલ 29, 2003
Participation of Non-bank Entities in Call/Notice Money Market
REF: No. MPD. BC.234/07.01.279/ 2002-03 April 29, 2003Vaishakha 9, 1925(S)To All-India Financial Institutions, Insurance Companiesand select Mutual FundsDear Sirs,Participation of Non-bank Entities in Call/Notice Money MarketPlease refer to Paragraphs 93 through 95 of the Governor’s statement on Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC.230 /07.01.279/2002-03 dated April 29, 2003 (copy of the paragraphs enclosed). 2. It may b
REF: No. MPD. BC.234/07.01.279/ 2002-03 April 29, 2003Vaishakha 9, 1925(S)To All-India Financial Institutions, Insurance Companiesand select Mutual FundsDear Sirs,Participation of Non-bank Entities in Call/Notice Money MarketPlease refer to Paragraphs 93 through 95 of the Governor’s statement on Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC.230 /07.01.279/2002-03 dated April 29, 2003 (copy of the paragraphs enclosed). 2. It may b
એપ્રિલ 29, 2003
Annual Monetary and Credit Policy for the year 2003-2004
Statement by Dr. Bimal Jalan, Governor, Reserve Bank of India on Monetary and Credit Policy for the year 2003-04The Statement consists of three parts: (I) Review of Macroeconomic and Monetary Developments during 2002-03, (II) Stance of Monetary Policy for 2003-04, and (III) Financial Sector Reforms and Monetary Policy Measures. 2. A technical and analytical review of macroeconomic and monetary developments is also being issued as a separate document. This document pro
Statement by Dr. Bimal Jalan, Governor, Reserve Bank of India on Monetary and Credit Policy for the year 2003-04The Statement consists of three parts: (I) Review of Macroeconomic and Monetary Developments during 2002-03, (II) Stance of Monetary Policy for 2003-04, and (III) Financial Sector Reforms and Monetary Policy Measures. 2. A technical and analytical review of macroeconomic and monetary developments is also being issued as a separate document. This document pro
એપ્રિલ 29, 2003
Foreign Exchange Management (Foreign Currency Account by a Person Resident in India)(Second Amendment) Regulations, 2003
Reserve Bank Of India (Exchange Control Department) Central Office Mumbai 400 001 Notification No.FEMA.89/2003-RBdated April 29, 2003Foreign Exchange Management (Foreign Currency Account by a Person Resident in India)(Second Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 and in partial modification of its Notification No.FEMA 10/2000-RB dated 3rd May 2000 the Reserve Bank of In
Reserve Bank Of India (Exchange Control Department) Central Office Mumbai 400 001 Notification No.FEMA.89/2003-RBdated April 29, 2003Foreign Exchange Management (Foreign Currency Account by a Person Resident in India)(Second Amendment) Regulations, 2003In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 and in partial modification of its Notification No.FEMA 10/2000-RB dated 3rd May 2000 the Reserve Bank of In
એપ્રિલ 29, 2003
Overseas Investments
A. P. (DIR Series) Circular No.97 (April 29, 2003)
A. P. (DIR Series) Circular No.97 (April 29, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral Office Mumbai 400 001A. P. (DIR Series) Circular No.97 April 29, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/ Sirs,Overseas Investments1. Corporates/ IndividualsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No. 66 dated January 13, 2003, in terms of which, Indian corporates and resident individuals are permitted to invest in the equity of listed foreign companies who have shar
Reserve Bank of IndiaExchange Control DepartmentCentral Office Mumbai 400 001A. P. (DIR Series) Circular No.97 April 29, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/ Sirs,Overseas Investments1. Corporates/ IndividualsAttention of authorised dealers is invited to A.P. (DIR Series) Circular No. 66 dated January 13, 2003, in terms of which, Indian corporates and resident individuals are permitted to invest in the equity of listed foreign companies who have shar
એપ્રિલ 26, 2003
Export of Goods and Services - Export of goods on promotional grounds
A.P. (DIR Series) Circular No. 94 (April 26, 2003)
A.P. (DIR Series) Circular No. 94 (April 26, 2003)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001.A.P. (DIR Series) Circular No. 94April 26, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services -Export of goods on promotional grounds Authorised Dealers are aware that Reserve Bank considers applications for grant of GR waiver from recognised and well established exporters for export of various items free of cost to the overseas buyer for export promotion.
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001.A.P. (DIR Series) Circular No. 94April 26, 2003ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Export of Goods and Services -Export of goods on promotional grounds Authorised Dealers are aware that Reserve Bank considers applications for grant of GR waiver from recognised and well established exporters for export of various items free of cost to the overseas buyer for export promotion.
એપ્રિલ 24, 2003
Guidelines on exchange traded interest rate derivatives
Draft Circular for Quick Comments
Draft Circular for Quick Comments
Following recommendations of the Working Group on Rupee Derivatives (Chairman: Shri Jaspal Bindra), the Securities and Exchange Board of India (SEBI) has decided to introduce anonymous order driven system for trading in Interest Rate Derivatives (IRDs) with effect from April 28, 2003 on The Stock Exchange, Mumbai (BSE) and National Stock Exchange (NSE). The consultative document on Exchange traded Interest rate derivatives placed on the SEBI website considers the intr
Following recommendations of the Working Group on Rupee Derivatives (Chairman: Shri Jaspal Bindra), the Securities and Exchange Board of India (SEBI) has decided to introduce anonymous order driven system for trading in Interest Rate Derivatives (IRDs) with effect from April 28, 2003 on The Stock Exchange, Mumbai (BSE) and National Stock Exchange (NSE). The consultative document on Exchange traded Interest rate derivatives placed on the SEBI website considers the intr
એપ્રિલ 24, 2003
Relaxation to trade and industry
in the State of Jammu & Kashmir
in the State of Jammu & Kashmir
DBOD. BP. BC. 97 / 21.04.012/ 2002- 2003 24 April 2003All Commercial Banks(excluding RRBs & LABs)Dear Sir,Relaxation to trade and industryin the State of Jammu & KashmirPlease refer to Circular No. DBOD. BP.BC. 4/ 21.04.012/ 2002- 2003 dated 12 July 2002 extending the period of concessions / credit relaxations to the borrowers/ customers in the State of Jammu & Kashmir upto 31 March 2003. It has been decided that the concessions/ credit relaxations to borr
DBOD. BP. BC. 97 / 21.04.012/ 2002- 2003 24 April 2003All Commercial Banks(excluding RRBs & LABs)Dear Sir,Relaxation to trade and industryin the State of Jammu & KashmirPlease refer to Circular No. DBOD. BP.BC. 4/ 21.04.012/ 2002- 2003 dated 12 July 2002 extending the period of concessions / credit relaxations to the borrowers/ customers in the State of Jammu & Kashmir upto 31 March 2003. It has been decided that the concessions/ credit relaxations to borr
એપ્રિલ 23, 2003
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - Issue of final guidelines and directions
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral Office,World Trade Centre, Centre 1Cuffe Parade, ColabaMumbai - 400 005 DNBS. PD. CC. 1/ SCRC / 10.30/2002-2003April 23, 2003Securitisation and Reconstruction of Financial Assetsand Enforcement of Security Interest Act, 2002 -Issue of final guidelines and directionsThe Reserve Bank had issued draft guidelines to Securitisation Companies and Reconstruction Companies on December 18, 2002, soliciting
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral Office,World Trade Centre, Centre 1Cuffe Parade, ColabaMumbai - 400 005 DNBS. PD. CC. 1/ SCRC / 10.30/2002-2003April 23, 2003Securitisation and Reconstruction of Financial Assetsand Enforcement of Security Interest Act, 2002 -Issue of final guidelines and directionsThe Reserve Bank had issued draft guidelines to Securitisation Companies and Reconstruction Companies on December 18, 2002, soliciting
એપ્રિલ 23, 2003
Notification No.DNBS.2/CGM(CSM)-2003, dated April 23, 2003
The Securitisation Companies and Reconstruction
Companies (Reserve Bank) Guidelines and Directions, 2003
The Securitisation Companies and Reconstruction
Companies (Reserve Bank) Guidelines and Directions, 2003
The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Reserve Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any Securitisation Company or Reconstruction Company from being conducted in a manner detrimental to the interest of investors or in any manner prejudicial to the interest of such Securitisation Company or Reconstruction Com
The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Reserve Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any Securitisation Company or Reconstruction Company from being conducted in a manner detrimental to the interest of investors or in any manner prejudicial to the interest of such Securitisation Company or Reconstruction Com
એપ્રિલ 23, 2003
Guidance Notes for Securitisation Companies and Reconstruction Companies
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral OfficeWorld Trade Centre, Centre 1Cuffe Parade, ColabaMumbai - 400 005Guidance Notes for Securitisation Companies and Reconstruction CompaniesAs you are aware, ‘The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002' has come into effect from June 21, 2002. In exercise of the powers conferred therein, the Bank has framed Guidelines and Directions to Secu
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral OfficeWorld Trade Centre, Centre 1Cuffe Parade, ColabaMumbai - 400 005Guidance Notes for Securitisation Companies and Reconstruction CompaniesAs you are aware, ‘The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002' has come into effect from June 21, 2002. In exercise of the powers conferred therein, the Bank has framed Guidelines and Directions to Secu
એપ્રિલ 23, 2003
Guidelines on sale of financial assets to Securitisation Company (SC)/ Reconstruction Company (RC) (created under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) and related issues
DBOD No.BP.BC. 96/ 21.04.048/ 2002-03 April 23, 2003All scheduled commercial banks and All India Financial Institutions(excluding RRBs & LABs)Dear Sir,Guidelines on sale of financial assets to Securitisation Company (SC)/ Reconstruction Company (RC) (created under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) and related issuesAs you are aware, the Securitisation and Reconstruction of Financial Assets and
DBOD No.BP.BC. 96/ 21.04.048/ 2002-03 April 23, 2003All scheduled commercial banks and All India Financial Institutions(excluding RRBs & LABs)Dear Sir,Guidelines on sale of financial assets to Securitisation Company (SC)/ Reconstruction Company (RC) (created under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) and related issuesAs you are aware, the Securitisation and Reconstruction of Financial Assets and
એપ્રિલ 23, 2003
Guidelines to banks/ FIs on sale of Financial Assets to Securitisation Company (SC) / Reconstruction Company (RC) (created under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002) and related issues -
@@NBSP@@ScopeThese guidelines would be applicable to sale of financial assets enumerated in paragraph 3 below, by banks/ FIs, for asset reconstruction/ securitisation under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Structure2. The guidelines to be followed by banks/ FIs while selling their financial assets to SC/RC under the Act ibid and investing in bonds/ debentures/ security receipts offered by the SC/
@@NBSP@@ScopeThese guidelines would be applicable to sale of financial assets enumerated in paragraph 3 below, by banks/ FIs, for asset reconstruction/ securitisation under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Structure2. The guidelines to be followed by banks/ FIs while selling their financial assets to SC/RC under the Act ibid and investing in bonds/ debentures/ security receipts offered by the SC/
એપ્રિલ 17, 2003
Scheme for Non-competitive Bidding Facility in
the Auctions of Government Securities - Annexure
the Auctions of Government Securities - Annexure
I. Scope : With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount.II. Eligibility: Participation on a non-competitive basis in th
I. Scope : With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount.II. Eligibility: Participation on a non-competitive basis in th
એપ્રિલ 17, 2003
Auction for Sale (Re-issue) of ‘7.95 per cent Government Stock, 2032’
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the April 17, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘7.95 per cent Government Stock, 2032’No.4(8)-W&M/2003 (i) : Government of India hereby notifies sale (reissue) of ‘7.95 per cent Government Stock, 2032’ for an aggregate amount of Rs. 2,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specifi
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the April 17, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘7.95 per cent Government Stock, 2032’No.4(8)-W&M/2003 (i) : Government of India hereby notifies sale (reissue) of ‘7.95 per cent Government Stock, 2032’ for an aggregate amount of Rs. 2,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specifi
એપ્રિલ 17, 2003
Auction of Government of India Dated Securities
Ref.No.IDMC. 4144 /08.02.30.01/2002-03April 17, 2003All Scheduled Commercial Banks excluding RRBs/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 sale (re-issue) of "6.25 percent Government Stock 2018" for a notified amount of Rs.5,000 crore (nominal) through a price based auction using multiple pri
Ref.No.IDMC. 4144 /08.02.30.01/2002-03April 17, 2003All Scheduled Commercial Banks excluding RRBs/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 sale (re-issue) of "6.25 percent Government Stock 2018" for a notified amount of Rs.5,000 crore (nominal) through a price based auction using multiple pri
એપ્રિલ 17, 2003
Auction for Sale (Re-issue) of ‘6.25 per cent Government Stock, 2018’
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the April 17, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘6.25 per cent Government Stock, 2018’@@NBSP@@No.4(8)-W&M/2003 : Government of India hereby notifies sale (reissue) of ‘6.25 per cent Government Stock, 2018’ for an aggregate amount of Rs. 5,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Spe
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the April 17, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘6.25 per cent Government Stock, 2018’@@NBSP@@No.4(8)-W&M/2003 : Government of India hereby notifies sale (reissue) of ‘6.25 per cent Government Stock, 2018’ for an aggregate amount of Rs. 5,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Spe
એપ્રિલ 08, 2003
Accounting Standard - 11(Revised) on accounting for
'The effects of changes in foreign exchange rates'
'The effects of changes in foreign exchange rates'
DBOD. No. BP. BC. 93/ 21.04.018/ 2002-20038 April 2003All Scheduled Commercial Banks(excluding RRBs and LABs)Dear Sir,Accounting Standard - 11(Revised) on accounting for'The effects of changes in foreign exchange rates'Please refer to our circular DBOD. No. BP. BC. 69 / 21.04.018/ 2001- 02 dated 2 March 2002, advising banks to follow the guidelines prescribed in Circular DBOD. No. BP.BC. 68/ 21.04.018/ 96 dated 5 June 1996 for finalising the accounts for the year ende
DBOD. No. BP. BC. 93/ 21.04.018/ 2002-20038 April 2003All Scheduled Commercial Banks(excluding RRBs and LABs)Dear Sir,Accounting Standard - 11(Revised) on accounting for'The effects of changes in foreign exchange rates'Please refer to our circular DBOD. No. BP. BC. 69 / 21.04.018/ 2001- 02 dated 2 March 2002, advising banks to follow the guidelines prescribed in Circular DBOD. No. BP.BC. 68/ 21.04.018/ 96 dated 5 June 1996 for finalising the accounts for the year ende
એપ્રિલ 08, 2003
Extension of credit / non-credit facilities to Indian Joint Ventures (JVs)/ Wholly Owned Subsidiaries (WOSs) abroad and extension of buyer's credit and acceptance finance to overseas parties by banks in India
DBOD.IBS.BC. 94/23.37.001/2002-03 April 8, 2003All Scheduled Commercial Banks(excluding RRBs and LABs)Dear Sir,Extension of credit / non-credit facilities to Indian Joint Ventures (JVs)/Wholly Owned Subsidiaries (WOSs) abroad and extension of buyer's credit and acceptance finance to overseas parties by banks in India Please refer to our circulars DBOD.IBS.BC. 104/23.37.001/ 98-99 dated November 12, 1998 and DBOD.IBS. 1707/23.37.001/98-99 dated January 21,1999 in terms
DBOD.IBS.BC. 94/23.37.001/2002-03 April 8, 2003All Scheduled Commercial Banks(excluding RRBs and LABs)Dear Sir,Extension of credit / non-credit facilities to Indian Joint Ventures (JVs)/Wholly Owned Subsidiaries (WOSs) abroad and extension of buyer's credit and acceptance finance to overseas parties by banks in India Please refer to our circulars DBOD.IBS.BC. 104/23.37.001/ 98-99 dated November 12, 1998 and DBOD.IBS. 1707/23.37.001/98-99 dated January 21,1999 in terms
એપ્રિલ 05, 2003
Guarantees and Co-acceptances
IECD.No. 17 /08.12.01/2002-03 April 5, 2003Chief Executives of all Scheduled Commercial Banks(excluding LABs and RRBs)Dear Sir,Guarantees and Co-acceptancesWe invite a reference to circular IECD.No.37/08.12.01/94-95 dated February 23, 1995 whereby banks are precluded from issuing guarantees favouring financial institutions, other banks and other lending agencies. In tune with liberalisation and deregulation of the banking sector and in view of the adoption of risk man
IECD.No. 17 /08.12.01/2002-03 April 5, 2003Chief Executives of all Scheduled Commercial Banks(excluding LABs and RRBs)Dear Sir,Guarantees and Co-acceptancesWe invite a reference to circular IECD.No.37/08.12.01/94-95 dated February 23, 1995 whereby banks are precluded from issuing guarantees favouring financial institutions, other banks and other lending agencies. In tune with liberalisation and deregulation of the banking sector and in view of the adoption of risk man
એપ્રિલ 05, 2003
Offshore Banking Units (OBUs) in
Special Economic Zones (SEZs)
Special Economic Zones (SEZs)
DBOD IBS BC 92 /23.13.004/2002-03April 5, 2003All scheduled commercial banks(excluding RRBs and LABs)Dear SirOffshore Banking Units (OBUs) inSpecial Economic Zones (SEZs)Please refer to our circular DBOD IBS BC 42/23.13.004/2002-03 dated November 11, 2002 forwarding therewith a scheme for setting up of OBUs in SEZs and circular DBOD IBS BC 80 /23.13.004/2002-03 dated March 19, 2003 clarifying various issues raised by banks.2. On representations received, we further cl
DBOD IBS BC 92 /23.13.004/2002-03April 5, 2003All scheduled commercial banks(excluding RRBs and LABs)Dear SirOffshore Banking Units (OBUs) inSpecial Economic Zones (SEZs)Please refer to our circular DBOD IBS BC 42/23.13.004/2002-03 dated November 11, 2002 forwarding therewith a scheme for setting up of OBUs in SEZs and circular DBOD IBS BC 80 /23.13.004/2002-03 dated March 19, 2003 clarifying various issues raised by banks.2. On representations received, we further cl
એપ્રિલ 04, 2003
Auction for Sale (Re-issue) of ‘7.37 per cent Government Stock, 2014’
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the April 4, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘7.37 per cent Government Stock, 2014’No.4(8)-W&M/2003 : Government of India hereby notifies sale (reissue) of ‘7.37 per cent Government Stock, 2014’ for an aggregate amount of Rs. 5,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Not
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the April 4, 2003NOTIFICATIONAuction for Sale (Re-issue ) of ‘7.37 per cent Government Stock, 2014’No.4(8)-W&M/2003 : Government of India hereby notifies sale (reissue) of ‘7.37 per cent Government Stock, 2014’ for an aggregate amount of Rs. 5,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Not
એપ્રિલ 04, 2003
Auction of Government of India Dated Securities
Ref.No.IDMC 4005/08.02.31.1/2002-03 April 4, 2003All Scheduled Commercial Banks excluding RRBs/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 sale (re-issue) "7.37 percent Government Stock 2014" for a notified amount of Rs.5,000 crore through a price based auction using multiple price method vide N
Ref.No.IDMC 4005/08.02.31.1/2002-03 April 4, 2003All Scheduled Commercial Banks excluding RRBs/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 sale (re-issue) "7.37 percent Government Stock 2014" for a notified amount of Rs.5,000 crore through a price based auction using multiple price method vide N
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