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Notifications
એપ્રિલ 01, 2002
Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India)(Second Amendment) Regulations, 2002
RESERVE BANK OF INDIA (EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA58/2002-RBdated April 01, 2002Foreign Exchange Management (Foreign Currency Accounts by aPerson Resident in India)(Second Amendment) Regulations, 2002In exercise of the 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 Notification No.
RESERVE BANK OF INDIA (EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA58/2002-RBdated April 01, 2002Foreign Exchange Management (Foreign Currency Accounts by aPerson Resident in India)(Second Amendment) Regulations, 2002In exercise of the 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 Notification No.
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માર્ચ 27, 2002
Balance Sheet of Banks - Disclosure of Information
DBOD.No.BP.BC.84/21.04.018/2001-02March 27, 2002All Commercial Banks(excluding RRBs)Dear Sir,Balance Sheet of Banks - Disclosure of InformationPlease refer to our circular DBOD.No.BP.BC.38/21.04.018/2001-02 dated October 27, 2001 in terms of which banks were advised to make additional disclosures in the 'Notes on Accounts' on (i) movement of provisions held towards NPAs and (ii) movement of provisions held towards depreciation on investments. 2. The format of disclosu
DBOD.No.BP.BC.84/21.04.018/2001-02March 27, 2002All Commercial Banks(excluding RRBs)Dear Sir,Balance Sheet of Banks - Disclosure of InformationPlease refer to our circular DBOD.No.BP.BC.38/21.04.018/2001-02 dated October 27, 2001 in terms of which banks were advised to make additional disclosures in the 'Notes on Accounts' on (i) movement of provisions held towards NPAs and (ii) movement of provisions held towards depreciation on investments. 2. The format of disclosu
માર્ચ 27, 2002
Guidance Note on Market Risk Management
BP./21.04.103/2001March 26, 2002All Commercial Banks Dear Sir,Guidance Note on Market Risk ManagementPlease refer to our circular DBOD.BP.SC. 98/21.04.103/99 dated October 7, 1999 covering broad contours for management of credit, liquidity, interest rate, foreign exchange and operational risks. These guidelines, together with the guidelines on Asset-Liability Management were purported to serve as benchmark to those banks, which have not established integrated risk man
BP./21.04.103/2001March 26, 2002All Commercial Banks Dear Sir,Guidance Note on Market Risk ManagementPlease refer to our circular DBOD.BP.SC. 98/21.04.103/99 dated October 7, 1999 covering broad contours for management of credit, liquidity, interest rate, foreign exchange and operational risks. These guidelines, together with the guidelines on Asset-Liability Management were purported to serve as benchmark to those banks, which have not established integrated risk man
માર્ચ 26, 2002
Cancellation and Rebooking of Forward Contracts
EC .CO.FMD/790/02.03.75/2001-0226th March 2002To,All Authorised Dealers in Foreign ExchangeDear Sir,/Madam,Cancellation and Rebooking of Forward ContractsAttention of Authorised Dealers is invited to paragraph A.1 (h) of Schedule I of Notification No.FEMA 25/RB-2000 dated May 3, 2000.2. At present the facility to cancel and rebook forward contracts freely is available to contracts covering export transactions. While this facility will continue, it has now been decided
EC .CO.FMD/790/02.03.75/2001-0226th March 2002To,All Authorised Dealers in Foreign ExchangeDear Sir,/Madam,Cancellation and Rebooking of Forward ContractsAttention of Authorised Dealers is invited to paragraph A.1 (h) of Schedule I of Notification No.FEMA 25/RB-2000 dated May 3, 2000.2. At present the facility to cancel and rebook forward contracts freely is available to contracts covering export transactions. While this facility will continue, it has now been decided
માર્ચ 22, 2002
Special one time settlement scheme for small and marginal farmers
March 22, 2002DBOD.No.BP.BC. 80 / 21.04.117 /2001-02Chairmen and Managing Directors of all public sector banksDear Sir,Special One Time Settlement Scheme for Small and Marginal Farmers The Hon’ble Finance Minister in his Budget speech 2002-03 has announced that a special OTS scheme for small and marginal farmers will be announced by RBI to cover loans upto Rs 50,000. Accordingly, the Boards of public sector banks may formulate a policy for recovery of these loans, kee
March 22, 2002DBOD.No.BP.BC. 80 / 21.04.117 /2001-02Chairmen and Managing Directors of all public sector banksDear Sir,Special One Time Settlement Scheme for Small and Marginal Farmers The Hon’ble Finance Minister in his Budget speech 2002-03 has announced that a special OTS scheme for small and marginal farmers will be announced by RBI to cover loans upto Rs 50,000. Accordingly, the Boards of public sector banks may formulate a policy for recovery of these loans, kee
માર્ચ 20, 2002
Issue and pricing of shares by private sector banks
Ref.:DBOD.No.PSBS.BC.79 /16.13.100/2001-2002March 20, 2002The Chief Executives of all Indian banksin the private sectorDear Sir,Issue and pricing of shares by private sector banksPlease refer to our circulars DBOD.No.BC. 76/16.13.100/ 94 dated June 17, 1994 and DBOD.No.PSBS. BC.72/16.13.100/98-99 dated July 10, 1998 respectively, in terms of which guidelines on issue and pricing of shares had been prescribed. In terms of extant instructions, banks in private sector, w
Ref.:DBOD.No.PSBS.BC.79 /16.13.100/2001-2002March 20, 2002The Chief Executives of all Indian banksin the private sectorDear Sir,Issue and pricing of shares by private sector banksPlease refer to our circulars DBOD.No.BC. 76/16.13.100/ 94 dated June 17, 1994 and DBOD.No.PSBS. BC.72/16.13.100/98-99 dated July 10, 1998 respectively, in terms of which guidelines on issue and pricing of shares had been prescribed. In terms of extant instructions, banks in private sector, w
માર્ચ 18, 2002
Foreign Exchange Management (Guarantees) (Amendment) Regulations, 2002
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001 Notification No.FEMA. 56 /2002-RBdated March 18, 2002Foreign Exchange Management (Guarantees) (Amendment) Regulations, 2002In exercise of the powers conferred by clause (j) 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.FEMA.8/2000-RB dated May 3, 2000, the Reserve Ba
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001 Notification No.FEMA. 56 /2002-RBdated March 18, 2002Foreign Exchange Management (Guarantees) (Amendment) Regulations, 2002In exercise of the powers conferred by clause (j) 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.FEMA.8/2000-RB dated May 3, 2000, the Reserve Ba
માર્ચ 15, 2002
Rupee export credit interest rates
IECD No.17/04.02.01/2001-02March 15, 2002The Chairmen/Chief Executives ofall commercial banksDear Sir,Rupee Export Credit Interest Rates Please refer to our circular IECD.No.4/04.02.01/2001-02 dated September 24, 2001 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 March 31,2002.2. Considering subsequent developments, it has been decided that the validity of the above
IECD No.17/04.02.01/2001-02March 15, 2002The Chairmen/Chief Executives ofall commercial banksDear Sir,Rupee Export Credit Interest Rates Please refer to our circular IECD.No.4/04.02.01/2001-02 dated September 24, 2001 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 March 31,2002.2. Considering subsequent developments, it has been decided that the validity of the above
માર્ચ 11, 2002
Interest rate ceilings on rupee export credit
March 11, 2002Phalguna 20, Saka 1923Ref.No.MPD. 212 / 07.01.279/2001-02ToAll Scheduled Commercial BanksDear Sirs,Interest Rate Ceilings on Rupee Export Credit On September 24, 2001, it was decided to effect reduction in the ceiling of interest rates charged by scheduled commercial banks on pre-shipment and post-shipment rupee export credit by one percentage point across the board with effect from September 26, 2001. It was also mentioned that this dispensation is vali
March 11, 2002Phalguna 20, Saka 1923Ref.No.MPD. 212 / 07.01.279/2001-02ToAll Scheduled Commercial BanksDear Sirs,Interest Rate Ceilings on Rupee Export Credit On September 24, 2001, it was decided to effect reduction in the ceiling of interest rates charged by scheduled commercial banks on pre-shipment and post-shipment rupee export credit by one percentage point across the board with effect from September 26, 2001. It was also mentioned that this dispensation is vali
માર્ચ 09, 2002
Interest rates on advances
DBOD No. Dir. BC. 72/13.03.00/2001-02March 9, 2002Phalguna 18, 1923 (S)Interest Rates on AdvancesIn exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949, and in partial modification of paragraph 1 of its Directive DBOD No. Dir. BC. 106/13.03.00/2000-01 dated April 19, 2001, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, hereby directs that:With effect from April 1, 2
DBOD No. Dir. BC. 72/13.03.00/2001-02March 9, 2002Phalguna 18, 1923 (S)Interest Rates on AdvancesIn exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949, and in partial modification of paragraph 1 of its Directive DBOD No. Dir. BC. 106/13.03.00/2000-01 dated April 19, 2001, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, hereby directs that:With effect from April 1, 2
માર્ચ 09, 2002
Adoption of 90 days’ norm for recognition of loan
impairment - Application of interest at monthly rests
impairment - Application of interest at monthly rests
DBOD No. Dir. BC. 73/13.03.00/2001-02March 9, 2002Phalguna 18, 1923 (S)All Commercial Banks(Excluding RRBs & LABs)Dear Sir,Adoption of 90 days’ norm for recognition of loan impairment – Application of interest at monthly restsPlease refer to paragraph 1.A.b of our circular DBOD.No.BP.BC. 116/21.04.048/00-01 dated May 2, 2001 wherein banks have been, inter-alia, advised that with a view to moving towards international best practices and ensure greater transparency
DBOD No. Dir. BC. 73/13.03.00/2001-02March 9, 2002Phalguna 18, 1923 (S)All Commercial Banks(Excluding RRBs & LABs)Dear Sir,Adoption of 90 days’ norm for recognition of loan impairment – Application of interest at monthly restsPlease refer to paragraph 1.A.b of our circular DBOD.No.BP.BC. 116/21.04.048/00-01 dated May 2, 2001 wherein banks have been, inter-alia, advised that with a view to moving towards international best practices and ensure greater transparency
માર્ચ 07, 2002
Notification No. FEMA 55 /2002-RB dated March 7, 2002
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAINotification No. FEMA 55 /2002-RB Dated March 7, 2002 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act 1999 (42 of 1999), and in partial modification of its Notification No.FEMA 19/RB-2000- dated 3rd May 2000, the Reserve Bank makes the following amendments to the Foreign Exchange Management (Transfer or Issue of
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAINotification No. FEMA 55 /2002-RB Dated March 7, 2002 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act 1999 (42 of 1999), and in partial modification of its Notification No.FEMA 19/RB-2000- dated 3rd May 2000, the Reserve Bank makes the following amendments to the Foreign Exchange Management (Transfer or Issue of
માર્ચ 07, 2002
Notification No. FEMA 55 /2002-RB (March 7, 2002)
RESERVE BANK OF INDIA (EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI Notification No. FEMA 55 /2002-RB Dated March 7, 2002 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act 1999 (42 of 1999), and in partial modification of its Notification No.FEMA 19/RB-2000- dated 3rd May 2000, the Reserve Bank makes the following amendments to the Foreign Exchange Management (Transfer or Issue
RESERVE BANK OF INDIA (EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI Notification No. FEMA 55 /2002-RB Dated March 7, 2002 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act 1999 (42 of 1999), and in partial modification of its Notification No.FEMA 19/RB-2000- dated 3rd May 2000, the Reserve Bank makes the following amendments to the Foreign Exchange Management (Transfer or Issue
માર્ચ 05, 2002
Foreign Exchange Management (Foreign exchange derivative contracts) (Amendment) Regulations, 2002
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 54 /2002-RBdated March 5, 2002Foreign Exchange Management (Foreign exchange derivative contracts) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.25/RB-2000 dated May 3, 2000, Reserve Bank of I
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 54 /2002-RBdated March 5, 2002Foreign Exchange Management (Foreign exchange derivative contracts) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.25/RB-2000 dated May 3, 2000, Reserve Bank of I
માર્ચ 04, 2002
Full Convertibility of Deposit Schemes - Non-Resident Indians
A.P. (DIR Series) Circular No. 28 March 4, 2002.Full Convertibility of Deposit Schemes - Non-Resident Indians.ToAll Authorised Dealers in Foreign ExchangeMadam/SirsAttention of authorised dealers is invited to "Foreign Exchange Management (Deposit) Regulations, 2000" notified under Notification No.FEMA.5/2000-RB dated May 3, 2000. In terms of sub-regulations 1(iv) and (v) of Regulation 5, authorised dealers/authorised banks are permitted to accept deposits from person
A.P. (DIR Series) Circular No. 28 March 4, 2002.Full Convertibility of Deposit Schemes - Non-Resident Indians.ToAll Authorised Dealers in Foreign ExchangeMadam/SirsAttention of authorised dealers is invited to "Foreign Exchange Management (Deposit) Regulations, 2000" notified under Notification No.FEMA.5/2000-RB dated May 3, 2000. In terms of sub-regulations 1(iv) and (v) of Regulation 5, authorised dealers/authorised banks are permitted to accept deposits from person
માર્ચ 02, 2002
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.69 /21.04.018/2001-20022 March, 2002ToAll Commercial Banks(excluding RRBs)Dear Sir,Accounting Standard - 11 (Revised) on Accounting forthe Effects of Changes in Foreign Exchange RatesPlease refer to our circular DBOD No.BP.BC.88//21.04.018/2000-01 dated March 13, 2001, advising banks to follow the guidelines prescribed in circular DBOD No.BP.BC.68//21.04.018/96 dated June 5, 1996 for finalising the accounts for the year ended 31 March 2001. As the applic
DBOD.No.BP.BC.69 /21.04.018/2001-20022 March, 2002ToAll Commercial Banks(excluding RRBs)Dear Sir,Accounting Standard - 11 (Revised) on Accounting forthe Effects of Changes in Foreign Exchange RatesPlease refer to our circular DBOD No.BP.BC.88//21.04.018/2000-01 dated March 13, 2001, advising banks to follow the guidelines prescribed in circular DBOD No.BP.BC.68//21.04.018/96 dated June 5, 1996 for finalising the accounts for the year ended 31 March 2001. As the applic
માર્ચ 01, 2002
Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA. 52 /RB – 2002Dated March 1, 2002Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002In exercise of the powers conferred by clause (f) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act,1999 (42 of 1999) and in partial modification of Notification No.FEMA 5 /2000-RB dated May 3, 2000, the Reserve Bank
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA. 52 /RB – 2002Dated March 1, 2002Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002In exercise of the powers conferred by clause (f) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act,1999 (42 of 1999) and in partial modification of Notification No.FEMA 5 /2000-RB dated May 3, 2000, the Reserve Bank
માર્ચ 01, 2002
Foreign Exchange Management (Transfer or Issue of
any foreign security) (Amendment) Regulations, 2002
any foreign security) (Amendment) Regulations, 2002
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai Notification No.FEMA 53 /2002 –RBDated March 1, 2002Foreign Exchange Management (Transfer or Issue ofany foreign security) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.19/RB-2000 dated 3rd May 2000, the Rese
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai Notification No.FEMA 53 /2002 –RBDated March 1, 2002Foreign Exchange Management (Transfer or Issue ofany foreign security) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.19/RB-2000 dated 3rd May 2000, the Rese
માર્ચ 01, 2002
Setting up of Chairs in Educational Institutions Outside India
A.P. (Dir. Series) Circular No.25 (March 1, 2002)
A.P. (Dir. Series) Circular No.25 (March 1, 2002)
Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001 March 1, 2002 A.P. (DIR Series) Circular No.25 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Setting up of Chairs in Educational Institutions Outside India We have been receiving requests from Indian corporates to donate funds from their foreign exchange earnings to worthy causes like setting up of chairs in educational institutions and other welfare activities. It has been d
Reserve Bank of India Exchange Control Department Central Office Mumbai-400 001 March 1, 2002 A.P. (DIR Series) Circular No.25 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Setting up of Chairs in Educational Institutions Outside India We have been receiving requests from Indian corporates to donate funds from their foreign exchange earnings to worthy causes like setting up of chairs in educational institutions and other welfare activities. It has been d
માર્ચ 01, 2002
External Commercial Borrowings (ECBs) -
Prepayment out of the EEFC Accounts
A.P.(DIR Series) Circular No. 26 (March 1, 2002)
Prepayment out of the EEFC Accounts
A.P.(DIR Series) Circular No. 26 (March 1, 2002)
Reserve Bank Of India Exchange Control Department Central Office Mumbai-400 001 March 1, 2002 A.P.(DIR Series) Circular No.26 To All Authorised Dealers in Foreign Exchange Sirs/Madam, External Commercial Borrowings (ECBs) - Prepayment out of the EEFC Accounts Authorised Dealers are aware that ECBs can be prepaid by corporate borrowers to the extent of the balances in their Exchange Earner's Foreign Currency (EEFC) accounts, with the approval of Reserve Bank. Authorise
Reserve Bank Of India Exchange Control Department Central Office Mumbai-400 001 March 1, 2002 A.P.(DIR Series) Circular No.26 To All Authorised Dealers in Foreign Exchange Sirs/Madam, External Commercial Borrowings (ECBs) - Prepayment out of the EEFC Accounts Authorised Dealers are aware that ECBs can be prepaid by corporate borrowers to the extent of the balances in their Exchange Earner's Foreign Currency (EEFC) accounts, with the approval of Reserve Bank. Authorise
માર્ચ 01, 2002
Notification No.FEMA.52/RB-2002, dated March 1, 2002
FOREIGN EXCHANGE MANAGEMENT (DEPOSIT) (AMENDMENT) REGULATIONS, 2002.Notification No.FEMA.52/RB-2002, dated March 1, 2002.In exercise of the powers conferred by clause (f) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of Notification No.FEMA.5/2000-RB dated May 3, 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Dep
FOREIGN EXCHANGE MANAGEMENT (DEPOSIT) (AMENDMENT) REGULATIONS, 2002.Notification No.FEMA.52/RB-2002, dated March 1, 2002.In exercise of the powers conferred by clause (f) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of Notification No.FEMA.5/2000-RB dated May 3, 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Dep
ફેબ્રુ 28, 2002
Kisan Credit Cards
RPCD.PLFS.BC.NO./ 64 / 05.05.09 /2001-0228 February 2002The Chairman & Managing Director All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Kisan Credit CardsAs you are aware, the Union Finance Minister in his Budget Speech for the year 2002-2003 has stated that :Kisan Credit Cards introduced in 1998-99, have been a resounding success and have helped our farmers considerably in their access to agricultural credit. An additional 63 lakh KCCs have been issued up
RPCD.PLFS.BC.NO./ 64 / 05.05.09 /2001-0228 February 2002The Chairman & Managing Director All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Kisan Credit CardsAs you are aware, the Union Finance Minister in his Budget Speech for the year 2002-2003 has stated that :Kisan Credit Cards introduced in 1998-99, have been a resounding success and have helped our farmers considerably in their access to agricultural credit. An additional 63 lakh KCCs have been issued up
ફેબ્રુ 27, 2002
Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2002
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 51 /2002-RBdated February 27, 2002Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2002 In exercise of the 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 Notification No.FE
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 51 /2002-RBdated February 27, 2002Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2002 In exercise of the 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 Notification No.FE
ફેબ્રુ 20, 2002
Financing of Infrastructure Projects
IECD.No.16 /08.12.01/2001-02 February 20, 2002 The Chairman/Chief Executive Officer (All commercial banks/ All India Financial Institutions) Dear Sir, Financing of Infrastructure Projects Please refer to our circular IECD.No.26/08.12.01/98-99 dated April 23, 1999 regarding financing of infrastructure projects. 2. In the light of paragraph 71 of the Mid-Term Review of Monetary and Credit Policy for the year 2001-2002 announced by Governor on October 22, 2001 and after
IECD.No.16 /08.12.01/2001-02 February 20, 2002 The Chairman/Chief Executive Officer (All commercial banks/ All India Financial Institutions) Dear Sir, Financing of Infrastructure Projects Please refer to our circular IECD.No.26/08.12.01/98-99 dated April 23, 1999 regarding financing of infrastructure projects. 2. In the light of paragraph 71 of the Mid-Term Review of Monetary and Credit Policy for the year 2001-2002 announced by Governor on October 22, 2001 and after
ફેબ્રુ 20, 2002
Notification No.FEMA. 50 /2002-RB (February 20, 2002)
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 50 /2002-RBdated February 20, 2002In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No.FEMA.24/2000-RB dated May 3, 2000, Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Investment in Firm or
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 50 /2002-RBdated February 20, 2002In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No.FEMA.24/2000-RB dated May 3, 2000, Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Investment in Firm or
ફેબ્રુ 19, 2002
Indian Direct Investment Outside India
[A.P. (DIR Series) Circular No.23]
[A.P. (DIR Series) Circular No.23]
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001February 19, 2002A.P. (DIR Series) Circular No.23To,All Authorised Dealers in Foreign ExchangeMadam/Sirs,Indian Direct Investment Outside India Attention of authorised dealers is invited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2000 notified by the Reserve Bank vide Notification No. FEMA 19/RB-2000 dated 3rd May 2000 as amended from time to time.2
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001February 19, 2002A.P. (DIR Series) Circular No.23To,All Authorised Dealers in Foreign ExchangeMadam/Sirs,Indian Direct Investment Outside India Attention of authorised dealers is invited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2000 notified by the Reserve Bank vide Notification No. FEMA 19/RB-2000 dated 3rd May 2000 as amended from time to time.2
ફેબ્રુ 16, 2002
Foreign Direct Investment (FDI) in the Banking Sector
February 16, 2002DBOD.No.BP.BC. 68 /21.01.055/2001-02All Scheduled Commercial BanksDear Sir,Foreign Direct Investment (FDI) in the Banking SectorThe Reserve Bank of India (RBI) has received some enquiries regarding regulations pertaining to Foreign Direct Investment (FDI) in the Banking Sector. The position has been reviewed in the light of Government policy announced from time to time as well as guidelines laid down by RBI under various statutory provisions. The pres
February 16, 2002DBOD.No.BP.BC. 68 /21.01.055/2001-02All Scheduled Commercial BanksDear Sir,Foreign Direct Investment (FDI) in the Banking SectorThe Reserve Bank of India (RBI) has received some enquiries regarding regulations pertaining to Foreign Direct Investment (FDI) in the Banking Sector. The position has been reviewed in the light of Government policy announced from time to time as well as guidelines laid down by RBI under various statutory provisions. The pres
ફેબ્રુ 14, 2002
Subordinated debt for inclusion in Tier II capital -
Head Office borrowings in foreign currency by
Foreign Banks operating in India
Head Office borrowings in foreign currency by
Foreign Banks operating in India
DBOD. No. IBS. BC. 65/23.10.015/2001-02February 14, 2002The Chief Executives of all Foreign Banks in IndiaDear Sir,Subordinated debt for inclusion in Tier II capital – Head Office borrowings in foreign currency byForeign Banks operating in IndiaPlease refer to our circular DBOD. No. BP. BC. 5/21.01.002/99 dated February 8, 1999 regarding ‘Issue of subordinated debt for raising Tier II capital’. In terms of paragraph II of the guidelines annexed to the circular, foreig
DBOD. No. IBS. BC. 65/23.10.015/2001-02February 14, 2002The Chief Executives of all Foreign Banks in IndiaDear Sir,Subordinated debt for inclusion in Tier II capital – Head Office borrowings in foreign currency byForeign Banks operating in IndiaPlease refer to our circular DBOD. No. BP. BC. 5/21.01.002/99 dated February 8, 1999 regarding ‘Issue of subordinated debt for raising Tier II capital’. In terms of paragraph II of the guidelines annexed to the circular, foreig
ફેબ્રુ 14, 2002
Annexure: List of Eligible Goods for finance out of the Credit
PART ‘A’Air compressorsAir conditioning, heating, cooling, fume extraction, dust collection, humidification and ventilation equipment for industrial use including blowers and exhaust fans.Alcohol and brewery plant.Aluminium plant and equipmentAsbestos cement machineryCement machineryCinematographic equipment for motion picture and television studios.Chemical and pharmaceutical plant and machinery.Cigarette making machinery.Coffee processing machinery.Coke oven plant a
PART ‘A’Air compressorsAir conditioning, heating, cooling, fume extraction, dust collection, humidification and ventilation equipment for industrial use including blowers and exhaust fans.Alcohol and brewery plant.Aluminium plant and equipmentAsbestos cement machineryCement machineryCinematographic equipment for motion picture and television studios.Chemical and pharmaceutical plant and machinery.Cigarette making machinery.Coffee processing machinery.Coke oven plant a
ફેબ્રુ 14, 2002
Exim Bank’s Line of Credit of US$ 5 million to Eastern and Southern African Trade and Development Bank (PTA Bank)
[A.P.(DIR Series) Circular No.22]
[A.P.(DIR Series) Circular No.22]
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001February 14, 2002A.P.(DIR Series) Circular No.22ToAll Authorised Dealers in Foreign ExchangeSirs/MadamExim Bank’s Line of Credit of US$ 5 million toEastern and Southern African Trade and Development Bank (PTA Bank)Export Import Bank of India (Exim Bank) has concluded an agreement with the Eastern and Southern African Trade and Development Bank (PTA Bank) on November 12, 2001 making available t
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001February 14, 2002A.P.(DIR Series) Circular No.22ToAll Authorised Dealers in Foreign ExchangeSirs/MadamExim Bank’s Line of Credit of US$ 5 million toEastern and Southern African Trade and Development Bank (PTA Bank)Export Import Bank of India (Exim Bank) has concluded an agreement with the Eastern and Southern African Trade and Development Bank (PTA Bank) on November 12, 2001 making available t
ફેબ્રુ 13, 2002
Operative guidelines for the limited two way fungibility under the "issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993"
a) Re-issuance of ADR/GDR would be permitted to the extent of ADRs/GDRs which have been redeemed into underlying shares and sold in the domestic market. The arrangement is demand driven with the process of reconversion emanating with the request for acquisition of domestic shares by non-resident investor for issue of ADRs/GDRs. b) Investments under the Foreign Currency Convertible Bonds and Ordinary Shares( Through Depository Receipt Mechanism) Scheme,1993 is treated
a) Re-issuance of ADR/GDR would be permitted to the extent of ADRs/GDRs which have been redeemed into underlying shares and sold in the domestic market. The arrangement is demand driven with the process of reconversion emanating with the request for acquisition of domestic shares by non-resident investor for issue of ADRs/GDRs. b) Investments under the Foreign Currency Convertible Bonds and Ordinary Shares( Through Depository Receipt Mechanism) Scheme,1993 is treated
ફેબ્રુ 08, 2002
Additional disclosures in the published annual reports
Ref DBS.FID No. C-14/01.02.00/2001-02February 8, 2002To The CEOs of all-India term lending and refinancing institutionsDear Sir,Additional disclosures in the published annual reportsPlease refer to our Circular DBS.FID. No. C-18 /01.02.00/2000-01 dated March 23, 2001 in terms of which disclosure of certain important financial parameters in the published annual reports of the financial institutions (FIs), as part of "Notes to Accounts", had been prescribed. 2. With a v
Ref DBS.FID No. C-14/01.02.00/2001-02February 8, 2002To The CEOs of all-India term lending and refinancing institutionsDear Sir,Additional disclosures in the published annual reportsPlease refer to our Circular DBS.FID. No. C-18 /01.02.00/2000-01 dated March 23, 2001 in terms of which disclosure of certain important financial parameters in the published annual reports of the financial institutions (FIs), as part of "Notes to Accounts", had been prescribed. 2. With a v
ફેબ્રુ 04, 2002
Enhancing credit flow to Minority Communities
RPCD.SP. BC. No. 62 /09.10.01/2001-02 4 February 2002The Chairman and Managing DirectorAll Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Enhancing credit flow to Minority CommunitiesPlease refer to our circulars RPCD.No.SP.BC.43/09.10.01/96-97 dated 10 October 1996 and RPCD.No.SP. BC.13 /09.10.01/2001-02 dated 13 August 2001 on the captioned subject.2. We have advised the National Commission for Minorities, the measures initiated to enhance flow of credit to Mino
RPCD.SP. BC. No. 62 /09.10.01/2001-02 4 February 2002The Chairman and Managing DirectorAll Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Enhancing credit flow to Minority CommunitiesPlease refer to our circulars RPCD.No.SP.BC.43/09.10.01/96-97 dated 10 October 1996 and RPCD.No.SP. BC.13 /09.10.01/2001-02 dated 13 August 2001 on the captioned subject.2. We have advised the National Commission for Minorities, the measures initiated to enhance flow of credit to Mino
ફેબ્રુ 04, 2002
Release of Assets of Deceased Customers to Legal Survivors/Claimants
DBOD.BC.No. 63 /09.07.007/2001-02 February 04, 2002All Commercial Banks(excluding RRBs)Dear Sir.Release of Assets of Deceased Customers to Legal Survivors/ClaimantsPlease refer to our circular DBOD.BC.No. 55/09.07.007/2001-02 dated January 1, 2002 on the captioned subject. In this connection, you are requested to carry out the following amendment in the above circular in the manner set out below, namely,(i) In paragraph 1 -The words "where the amount to the credit of
DBOD.BC.No. 63 /09.07.007/2001-02 February 04, 2002All Commercial Banks(excluding RRBs)Dear Sir.Release of Assets of Deceased Customers to Legal Survivors/ClaimantsPlease refer to our circular DBOD.BC.No. 55/09.07.007/2001-02 dated January 1, 2002 on the captioned subject. In this connection, you are requested to carry out the following amendment in the above circular in the manner set out below, namely,(i) In paragraph 1 -The words "where the amount to the credit of
ફેબ્રુ 01, 2002
Meeting of Standing Advisory Committee
on SSI- Follow-up action- Study of General
branches extending Sizable advances to SSI
on SSI- Follow-up action- Study of General
branches extending Sizable advances to SSI
RPCD/PLNFS/ BC.No. 61 /06.02.28(i)/2001-021 February, 2002The Chairman / MDAll Scheduled Commercial BanksDear Sir,Meeting of Standing Advisory Committee on SSI- Follow-up action- Study of General branches extending Sizable advances to SSIDuring the deliberations at the meeting of the Standing Advisory Committee on SSI to review the flow of credit to SSI sector held on 26 April 2001 at Mumbai, there was a general feeling that SSI units have not been getting adequate cr
RPCD/PLNFS/ BC.No. 61 /06.02.28(i)/2001-021 February, 2002The Chairman / MDAll Scheduled Commercial BanksDear Sir,Meeting of Standing Advisory Committee on SSI- Follow-up action- Study of General branches extending Sizable advances to SSIDuring the deliberations at the meeting of the Standing Advisory Committee on SSI to review the flow of credit to SSI sector held on 26 April 2001 at Mumbai, there was a general feeling that SSI units have not been getting adequate cr
ફેબ્રુ 01, 2002
Off-site Surveillance and Monitoring System (OSMOS) for Financial Institutions- Revision of Returns Formats - New Software for compilation and submission of returns
REF. DBS.FID No. C-13 / 10.06.00 /2001-2002 February 1, 2002The CEOsof All- India Term Lending and Refinancing InstitutionsDear Sir, Off-site Surveillance and Monitoring System (OSMOS) for Financial Institutions- Revision of Returns Formats – New Software for compilation and submission of returnsPlease refer to our letter DBS. FID. No. 668 to 677 10.06.00/2001-2002 dated December 14, 2001 on the above subject. The software module for compiling and submission of off-si
REF. DBS.FID No. C-13 / 10.06.00 /2001-2002 February 1, 2002The CEOsof All- India Term Lending and Refinancing InstitutionsDear Sir, Off-site Surveillance and Monitoring System (OSMOS) for Financial Institutions- Revision of Returns Formats – New Software for compilation and submission of returnsPlease refer to our letter DBS. FID. No. 668 to 677 10.06.00/2001-2002 dated December 14, 2001 on the above subject. The software module for compiling and submission of off-si
જાન્યુ 31, 2002
Treatment of Restructured accounts - clarifications
Ref DBS.FID No. C-../01.02.00/2001-02January 2002To The CEOs of all-India term lending and refinancing institutionsDear Sir,Treatment of Restructured accounts – clarificationsPlease refer to our Circular DBS.FID.No. C-19/01.02.00/2000-01 dated 28 Mach 2001 on the captioned subject. 2. In this context, certain points have since been raised by some of the financial institutions seeking clarifications thereon. We have examined the issues and the clarifications are furnis
Ref DBS.FID No. C-../01.02.00/2001-02January 2002To The CEOs of all-India term lending and refinancing institutionsDear Sir,Treatment of Restructured accounts – clarificationsPlease refer to our Circular DBS.FID.No. C-19/01.02.00/2000-01 dated 28 Mach 2001 on the captioned subject. 2. In this context, certain points have since been raised by some of the financial institutions seeking clarifications thereon. We have examined the issues and the clarifications are furnis
જાન્યુ 31, 2002
Asset classification of the Projects Under Implementation (PUI) - Time overrun
Ref DBS.FID No. C-11/01.02.00/2001-02January 2002To The CEOs of all-India Term Lending and Refinancing InstitutionsDear Sir,Asset classification of the Projects Under Implementation (PUI) – Time overrunPlease refer to paragraph 3(B)(ii) of our Circular FIC. No. 841 / 01.02.00/93-04 dated 28 March 1994 in terms of which in case of time overrun for completion of projects under implementation, a time overrun of up to 50% of the time contracted is permitted before downgra
Ref DBS.FID No. C-11/01.02.00/2001-02January 2002To The CEOs of all-India Term Lending and Refinancing InstitutionsDear Sir,Asset classification of the Projects Under Implementation (PUI) – Time overrunPlease refer to paragraph 3(B)(ii) of our Circular FIC. No. 841 / 01.02.00/93-04 dated 28 March 1994 in terms of which in case of time overrun for completion of projects under implementation, a time overrun of up to 50% of the time contracted is permitted before downgra
જાન્યુ 30, 2002
Minimum Net Owned Fund (NOF) for commencement of business of Non-Banking Financial Institution (NBFI)
RESERVE BANK OF INDIADepartment of Non- Banking Supervision,Central Office, Centre 1, Cuffe Parade, Colaba, Mumbai, 400005Fax: 022 2150540 Telephone 2188122Telex 011 86135 RBI INTelegram : PARYAVEKSHANRef DNBS. (PD)No.CC.10/02.59/98-99April 20, 1999ToThe Secretary, Department of Company Affairs, Government of India,All the Registrars of CompaniesAll the Apex Level Chambers of Commerce FICCI/ASSOCHAM/CIIPresident of the Institute of Chartered Accountants of IndiaPresid
RESERVE BANK OF INDIADepartment of Non- Banking Supervision,Central Office, Centre 1, Cuffe Parade, Colaba, Mumbai, 400005Fax: 022 2150540 Telephone 2188122Telex 011 86135 RBI INTelegram : PARYAVEKSHANRef DNBS. (PD)No.CC.10/02.59/98-99April 20, 1999ToThe Secretary, Department of Company Affairs, Government of India,All the Registrars of CompaniesAll the Apex Level Chambers of Commerce FICCI/ASSOCHAM/CIIPresident of the Institute of Chartered Accountants of IndiaPresid
જાન્યુ 30, 2002
Notification No.DFC.121/ED(G)-98 dated January 31, 1998
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX NO. 571CALCUTTA-700 001Notification No.DFC.121/ED(G)-98 dated January 31, 1998In exercise of the powers conferred under Section 45NC read with sub-section (1) of Section 45IB of the Reserve Bank of India Act, 1934 (2 of 1934) and in supersession of the Notification No.DFC..116/DG(SPT)-98 dated January 2, 1998, the Reserve Bank of India having considered and being satisfi
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX NO. 571CALCUTTA-700 001Notification No.DFC.121/ED(G)-98 dated January 31, 1998In exercise of the powers conferred under Section 45NC read with sub-section (1) of Section 45IB of the Reserve Bank of India Act, 1934 (2 of 1934) and in supersession of the Notification No.DFC..116/DG(SPT)-98 dated January 2, 1998, the Reserve Bank of India having considered and being satisfi
જાન્યુ 30, 2002
Notification No. DFC.55/DG (O)- 87 Dated The 15th May 1987 as Amended Upto January 1, 2002 (List of Amending Notifications Appended)
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIES15, NETAJI SUBHAS ROADPOST BOX NO.571CALCUTTA - 700 001NOTIFICATION NO. DFC.55/DG (O)- 87 DATED THE 15TH MAY 1987 AS AMENDED UPTO January 1, 2002 (List of amending notifications appended)The Reserve Bank of India having considered it necessary in the public interest to give the directions mentioned below, in exercise of the powers conferred by section 45J and 45K of the Reserve Bank of India Act, 1934 (2 of 1934) a
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIES15, NETAJI SUBHAS ROADPOST BOX NO.571CALCUTTA - 700 001NOTIFICATION NO. DFC.55/DG (O)- 87 DATED THE 15TH MAY 1987 AS AMENDED UPTO January 1, 2002 (List of amending notifications appended)The Reserve Bank of India having considered it necessary in the public interest to give the directions mentioned below, in exercise of the powers conferred by section 45J and 45K of the Reserve Bank of India Act, 1934 (2 of 1934) a
જાન્યુ 30, 2002
Notification DFC.(COC)No.99/ED(JRP)-97 dated March 6, 1997
RESERVE BANK OF INDIADEPAERTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX No.571CALCUTTANotification DFC.(COC)No.99/ED(JRP)-97 dated March 6, 1997 The Reserve Bank of India, on being satisfied that it is necessary so to do, in exercise of its powers conferred under Section 45NC of the Reserve Bank of India Act, 1934 (2 of 1934) hereby declares that;- (1) the provisions of Section 45IA, 45IB, 45IC, 45MB and Section 45MC of the Reserve Bank of
RESERVE BANK OF INDIADEPAERTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX No.571CALCUTTANotification DFC.(COC)No.99/ED(JRP)-97 dated March 6, 1997 The Reserve Bank of India, on being satisfied that it is necessary so to do, in exercise of its powers conferred under Section 45NC of the Reserve Bank of India Act, 1934 (2 of 1934) hereby declares that;- (1) the provisions of Section 45IA, 45IB, 45IC, 45MB and Section 45MC of the Reserve Bank of
જાન્યુ 30, 2002
Notification DFC(COC) No.108.ED(JRP)/97 dated April 30, 1997
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX No. 571CALCUTTA - 700 001Notification DFC(COC) No.108.ED(JRP)/97 dated April 30, 1997as amended upto December 18, 1998In exercise of the powers conferred under the sub-section (2) of section 45IB of the Reserve Bank of India Act, 1934, (2 of 1934) for the purpose of ensuring the compliance with the maintenance of percentage of assets by non-banking financial companies, t
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX No. 571CALCUTTA - 700 001Notification DFC(COC) No.108.ED(JRP)/97 dated April 30, 1997as amended upto December 18, 1998In exercise of the powers conferred under the sub-section (2) of section 45IB of the Reserve Bank of India Act, 1934, (2 of 1934) for the purpose of ensuring the compliance with the maintenance of percentage of assets by non-banking financial companies, t
જાન્યુ 30, 2002
Provisions Relating To Non-Banking Institutions Receiving Deposits And Financial Institutions
Reserve Bank of India Act, 1934CHAPTER IIIBPROVISIONS RELATING TO NON-BANKING INSTITUTIONS RECEIVING DEPOSITS AND FINANCIAL INSTITUTIONS @@NBSP@@45H.The provisions of this Chapter shall not apply to the State Bank or a banking company as defined in section 5 of the Banking Regulation Act, 1949 or a corresponding new bank as defined in clause(da) of section 5 of that Act or a subsidiary bank as defined in the State Bank of India(Subsidiary Banks) Act, 1959, a Regional
Reserve Bank of India Act, 1934CHAPTER IIIBPROVISIONS RELATING TO NON-BANKING INSTITUTIONS RECEIVING DEPOSITS AND FINANCIAL INSTITUTIONS @@NBSP@@45H.The provisions of this Chapter shall not apply to the State Bank or a banking company as defined in section 5 of the Banking Regulation Act, 1949 or a corresponding new bank as defined in clause(da) of section 5 of that Act or a subsidiary bank as defined in the State Bank of India(Subsidiary Banks) Act, 1959, a Regional
જાન્યુ 30, 2002
Notification DFC(COC) No.108.ED(JRP)/97 dated April 30, 1997
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX No. 571CALCUTTA - 700 001Notification DFC(COC) No.108.ED(JRP)/97 dated April 30, 1997as amended upto December 18, 1998In exercise of the powers conferred under the sub-section (2) of section 45IB of the Reserve Bank of India Act, 1934, (2 of 1934) for the purpose of ensuring the compliance with the maintenance of percentage of assets by non-banking financial companies, t
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX No. 571CALCUTTA - 700 001Notification DFC(COC) No.108.ED(JRP)/97 dated April 30, 1997as amended upto December 18, 1998In exercise of the powers conferred under the sub-section (2) of section 45IB of the Reserve Bank of India Act, 1934, (2 of 1934) for the purpose of ensuring the compliance with the maintenance of percentage of assets by non-banking financial companies, t
જાન્યુ 30, 2002
Notification No. DFC.120/ED(G)-98 dated January 31, 1998
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROAD,POST BOX No. 571CALCUTTA - 700 001Notification No. DFC.120/ED(G)-98 dated January 31, 1998In exercise of the powers conferred under sub-section (1) of section 45IB of the Reserve Bank of India Act, 1934 (2 of 1934), and in supersession of the Notificaion No.DFC(COC).107.ED(JRP)/97 dated April 30, 1997 the Reserve Bank of India hereby specifies that from this day, the percentage
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROAD,POST BOX No. 571CALCUTTA - 700 001Notification No. DFC.120/ED(G)-98 dated January 31, 1998In exercise of the powers conferred under sub-section (1) of section 45IB of the Reserve Bank of India Act, 1934 (2 of 1934), and in supersession of the Notificaion No.DFC(COC).107.ED(JRP)/97 dated April 30, 1997 the Reserve Bank of India hereby specifies that from this day, the percentage
જાન્યુ 30, 2002
Notification No.DFC. 117 /DG(SPT)-98 dated the January 2, 1998.
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX NO.571CALCUTTA 700 001@@NBSP@@Notification No.DFC. 117 /DG(SPT)-98 dated the January 2, 1998.(Amended upto January 13, 2000)In exercise of the powers conferred by sub-section (1A) of section 45MA of the Reserve Bank of India Act, 1934 (2 of 1934), Reserve Bank of India, hereby, gives to every auditor the directions hereinafter specified.Short title, application and comme
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX NO.571CALCUTTA 700 001@@NBSP@@Notification No.DFC. 117 /DG(SPT)-98 dated the January 2, 1998.(Amended upto January 13, 2000)In exercise of the powers conferred by sub-section (1A) of section 45MA of the Reserve Bank of India Act, 1934 (2 of 1934), Reserve Bank of India, hereby, gives to every auditor the directions hereinafter specified.Short title, application and comme
જાન્યુ 30, 2002
Notification No.DFC.118/DG(SPT)-98 dated January 31, 1998
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROAD,POST BOX NO.571CALCUTTA-700 001.Notification No.DFC.118/DG(SPT)-98 dated January 31, 1998(as amended upto January 1, 2002) The Reserve Bank of India having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to give the directions set out below,
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROAD,POST BOX NO.571CALCUTTA-700 001.Notification No.DFC.118/DG(SPT)-98 dated January 31, 1998(as amended upto January 1, 2002) The Reserve Bank of India having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to give the directions set out below,
જાન્યુ 30, 2002
Notification No. DFC. 119 /DG(SPT)-98 Dated January 31, 1998.
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX No. 571CALCUTTANOTIFICATION No. DFC. 119 /DG(SPT)-98 DATED JANUARY 31, 1998.(AS AMENDED UPTO January 1, 2002)The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to issue the directions relating to the
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX No. 571CALCUTTANOTIFICATION No. DFC. 119 /DG(SPT)-98 DATED JANUARY 31, 1998.(AS AMENDED UPTO January 1, 2002)The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to issue the directions relating to the
જાન્યુ 30, 2002
Notification No. DNBS. 129/CGM(VSNM)-98 Dated December 18, 1998.
RESERVE BANK OF INDIADEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE I, WORLD TRADE CENTRE,CUFFE PARADE, COLABA,MUMBAI 400 005.NOTIFICATION No. DNBS. 129/CGM(VSNM)-98 dated December 18, 1998.In exercise of the powers conferred under exclusion clause (iv)(d) of section 45I(bb) of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India specifies the institutions as under : a company incorporated under the Companies Act, 1956 (1 of 1956); a C
RESERVE BANK OF INDIADEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE I, WORLD TRADE CENTRE,CUFFE PARADE, COLABA,MUMBAI 400 005.NOTIFICATION No. DNBS. 129/CGM(VSNM)-98 dated December 18, 1998.In exercise of the powers conferred under exclusion clause (iv)(d) of section 45I(bb) of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India specifies the institutions as under : a company incorporated under the Companies Act, 1956 (1 of 1956); a C
જાન્યુ 30, 2002
Notification No.DNBC.39/DG(H)-77 dated 20th June 1977 as amended upto June 30, 2000 (List of amending notifications appended)
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIES15, NETAJI SUBHAS ROADPOST BOX NO. 571CALCUTTA - 700 001Notification No.DNBC.39/DG(H)-77 dated 20th June 1977 as amended upto June 30, 2000 (List of amending notifications appended) The Reserve Bank of India having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to give the dir
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIES15, NETAJI SUBHAS ROADPOST BOX NO. 571CALCUTTA - 700 001Notification No.DNBC.39/DG(H)-77 dated 20th June 1977 as amended upto June 30, 2000 (List of amending notifications appended) The Reserve Bank of India having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to give the dir
જાન્યુ 28, 2002
Section 23 of Banking Regulation Act, 1949 -
Third Party advertisement on ATM Network
Third Party advertisement on ATM Network
DBOD No. BL.BC. 62 /22.01.001/2002January 28, 2002Magha 8, 1923 (Saka)All Scheduled Commercial Banks [ Excluding RRBs ]Dear SirSection 23 of Banking Regulation Act, 1949 - Third Party advertisement on ATM Network___________________________________We have been receiving requests from banks to permit them to display products and services of manufacturers / dealers / vendors on their ATM screens for a fee. 0n examination, it is observed that the activity of displaying th
DBOD No. BL.BC. 62 /22.01.001/2002January 28, 2002Magha 8, 1923 (Saka)All Scheduled Commercial Banks [ Excluding RRBs ]Dear SirSection 23 of Banking Regulation Act, 1949 - Third Party advertisement on ATM Network___________________________________We have been receiving requests from banks to permit them to display products and services of manufacturers / dealers / vendors on their ATM screens for a fee. 0n examination, it is observed that the activity of displaying th
જાન્યુ 25, 2002
Auction of Government Securities: Non-competitive
Bidding Facility to Retail Investors - Consolidation
of SGL Balances for SLR purpose.
Bidding Facility to Retail Investors - Consolidation
of SGL Balances for SLR purpose.
DBOD.No.BC. 60 /12.02.001/2001-02January 25, 2002To All Scheduled Commercial Banks (Excluding Regional Rural Banks)Dear Sir,Auction of Government Securities: Non-competitiveBidding Facility to Retail Investors – Consolidationof SGL Balances for SLR purpose.Please refer to the circular No.IDMC.2769/08.01.02/2001-2002 dated December 7,2001 issued to banks by our Internal Debt Management Cell (IDMC) enclosing therewith a scheme formulated by them to allocate up to a maxi
DBOD.No.BC. 60 /12.02.001/2001-02January 25, 2002To All Scheduled Commercial Banks (Excluding Regional Rural Banks)Dear Sir,Auction of Government Securities: Non-competitiveBidding Facility to Retail Investors – Consolidationof SGL Balances for SLR purpose.Please refer to the circular No.IDMC.2769/08.01.02/2001-2002 dated December 7,2001 issued to banks by our Internal Debt Management Cell (IDMC) enclosing therewith a scheme formulated by them to allocate up to a maxi
જાન્યુ 23, 2002
Collateral free loans- Small Scale Industries.
RPCD/PLNFS/ No.BC. 58 / 06.02.80/ 2001-0223 January 2002All Scheduled Commercial banks(Including RRBs)Dear Sir,Collateral free loans- Small Scale Industries.Please refer to our circular RPCD / PLNFS/ No.BC.65/ 06.02.31/99-2000 dated 3 March 2000, in terms which the exemption limit of borrowal accounts for obtention of collateral securities was raised from Rs.1 lakh to Rs.5 lakh for the tiny sector.2. It has now been decided to extend the benefit under the increased li
RPCD/PLNFS/ No.BC. 58 / 06.02.80/ 2001-0223 January 2002All Scheduled Commercial banks(Including RRBs)Dear Sir,Collateral free loans- Small Scale Industries.Please refer to our circular RPCD / PLNFS/ No.BC.65/ 06.02.31/99-2000 dated 3 March 2000, in terms which the exemption limit of borrowal accounts for obtention of collateral securities was raised from Rs.1 lakh to Rs.5 lakh for the tiny sector.2. It has now been decided to extend the benefit under the increased li
જાન્યુ 22, 2002
Prudential norms on income recognition, asset classification
and provisioning - agricultural advances
and provisioning - agricultural advances
DBOD. BP. BC. 59/ 21.04.048/ 2001- 2002 22 January 2002All Scheduled Commercial Banks (except RRBs)Dear Sir,Prudential norms on income recognition, asset classificationand provisioning - agricultural advancesPlease refer to paragraph 3 (C) (iii) of our Circular No. BP. BC. 132/ 21.04.048/ 2000- 2001 dated 14 June 2001 on the above subject, advising banks that the norm of two harvest seasons not exceeding two half years for reckoning Non-Performing Assets (NPAs) should
DBOD. BP. BC. 59/ 21.04.048/ 2001- 2002 22 January 2002All Scheduled Commercial Banks (except RRBs)Dear Sir,Prudential norms on income recognition, asset classificationand provisioning - agricultural advancesPlease refer to paragraph 3 (C) (iii) of our Circular No. BP. BC. 132/ 21.04.048/ 2000- 2001 dated 14 June 2001 on the above subject, advising banks that the norm of two harvest seasons not exceeding two half years for reckoning Non-Performing Assets (NPAs) should
જાન્યુ 17, 2002
Guidelines on Counter party limits and Inter-Corporate Deposits.
IDMC.No.PDRS./ 3369 /03.64.00/2001-02January 17, 2002To All Primary Dealers in Government Securities MarketDear Sirs,Guidelines on Counter party limits and Inter-Corporate Deposits. In the "Guidelines on Securities Transactions to be followed by Primary Dealers" issued by Reserve Bank of India (IDMC. No. PDRS. 2049A/03.64.00/99-2000 dated December 31,1999) it was advised that Primary Dealers (PDs) should clearly establish sound Internal Control System and Risk Managem
IDMC.No.PDRS./ 3369 /03.64.00/2001-02January 17, 2002To All Primary Dealers in Government Securities MarketDear Sirs,Guidelines on Counter party limits and Inter-Corporate Deposits. In the "Guidelines on Securities Transactions to be followed by Primary Dealers" issued by Reserve Bank of India (IDMC. No. PDRS. 2049A/03.64.00/99-2000 dated December 31,1999) it was advised that Primary Dealers (PDs) should clearly establish sound Internal Control System and Risk Managem
જાન્યુ 16, 2002
Guidelines for Rehabilitation of Sick Small Scale Industrial Units
RPCD. NO. PLNFS.BC.57/06.04.01/2001-200216 January 200226 Pausha 1923 (S) All Scheduled Commercial Banks Dear Sir,Guidelines for Rehabilitation of Sick Small Scale Industrial Units Small Scale Industries (SSI) constitute an important and crucial segment of the industrial sector. This has been acknowledged by the Government of India by the high priority it has accorded to the SSI sector. The Reserve Bank of India have also bestowed the status of Priority Sector to SSI
RPCD. NO. PLNFS.BC.57/06.04.01/2001-200216 January 200226 Pausha 1923 (S) All Scheduled Commercial Banks Dear Sir,Guidelines for Rehabilitation of Sick Small Scale Industrial Units Small Scale Industries (SSI) constitute an important and crucial segment of the industrial sector. This has been acknowledged by the Government of India by the high priority it has accorded to the SSI sector. The Reserve Bank of India have also bestowed the status of Priority Sector to SSI
જાન્યુ 12, 2002
Asset-Liability Management Guidelines for NBFCs: Applicability to Primary Dealers
IDMC.PDRS.No. 3330 /03.64.00/2001-02January 12, 2002To All Primary DealersDear Sir,Asset-Liability Management Guidelines for NBFCs: Applicability to Primary DealersPlease refer to the circular ref. DNBS(PD)CC.No.15/02.01/2000-01 dated the June 27, 2001 issued by our Department of Non-Banking Supervision (DNBS) on the above subject. In view of the special nature of business of Primary Dealers (PDs), the above instructions have been modified to the extent necessary. Acc
IDMC.PDRS.No. 3330 /03.64.00/2001-02January 12, 2002To All Primary DealersDear Sir,Asset-Liability Management Guidelines for NBFCs: Applicability to Primary DealersPlease refer to the circular ref. DNBS(PD)CC.No.15/02.01/2000-01 dated the June 27, 2001 issued by our Department of Non-Banking Supervision (DNBS) on the above subject. In view of the special nature of business of Primary Dealers (PDs), the above instructions have been modified to the extent necessary. Acc
જાન્યુ 11, 2002
List of the Banks and PDs for Non-Competitive Bidding of Government of India- Securities
Name of the BankName of the BranchesName of the BranchesAndhra BankMaston Road, Kanpur RR Apparao Street, VijaywadaPh 367900Ph 56405/404Main Road, Vishakhapatnam 530001Ph 566605 /562770Bank of Baroda Fort Univeristy Mumbai P.M.Road Bombay 2670614 / 26706202642074 / 2662343Navrangpura AhmedabadIndia Exchantge Calcutta75419362214240 / 2214468Rajaji Salai Chennai Parliament Street New Delhi 5232233Ph : 3325557 / 3321849Bank of IndiaBhadra Ahmedabad Janpath Branch, New De
Name of the BankName of the BranchesName of the BranchesAndhra BankMaston Road, Kanpur RR Apparao Street, VijaywadaPh 367900Ph 56405/404Main Road, Vishakhapatnam 530001Ph 566605 /562770Bank of Baroda Fort Univeristy Mumbai P.M.Road Bombay 2670614 / 26706202642074 / 2662343Navrangpura AhmedabadIndia Exchantge Calcutta75419362214240 / 2214468Rajaji Salai Chennai Parliament Street New Delhi 5232233Ph : 3325557 / 3321849Bank of IndiaBhadra Ahmedabad Janpath Branch, New De
જાન્યુ 10, 2002
Valuation of investments by banks
DBOD. BP. BC. 57/ 21.04.048 / 2001-02January 10, 2002.Pausha 20, 1923 (Saka)All scheduled commercial banks(excluding RRBs and LABs)Dear Sir,Valuation of investments by banksPlease refer to paragraph 39 of the Mid – Term Review of Monetary and Credit Policy for the year 2001 – 2002 cautioning the banks on the need for following a more prudent policy for utilising the gains realised on sale of investment in securities arising from the decline in interest rates and for b
DBOD. BP. BC. 57/ 21.04.048 / 2001-02January 10, 2002.Pausha 20, 1923 (Saka)All scheduled commercial banks(excluding RRBs and LABs)Dear Sir,Valuation of investments by banksPlease refer to paragraph 39 of the Mid – Term Review of Monetary and Credit Policy for the year 2001 – 2002 cautioning the banks on the need for following a more prudent policy for utilising the gains realised on sale of investment in securities arising from the decline in interest rates and for b
જાન્યુ 10, 2002
Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2002
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001 Notification No.FEMA. 49 /2002-RBdated January 19, 2002Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2002 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), (42 of 1999), and in partial modification of its Notification No.FEMA.19/
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001 Notification No.FEMA. 49 /2002-RBdated January 19, 2002Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2002 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), (42 of 1999), and in partial modification of its Notification No.FEMA.19/
જાન્યુ 09, 2002
Guidelines for Investments by banks/FIs
BP.BC. 56 /21.04.048/2001-02 January 9, 2002All commercial banks (excluding RRBs) and notified All India Financial InstitutionsDear Sirs,Guidelines for Investments by banks/FIsPlease refer to our circular DBOD.No.BC.CIS.47/20:16:002/94 dated April 23, 1994, read with circular DBOD.No. BC.DL.161/20.16.002/99-2000 dated April 1, 2000, in terms of which banks and notified Financial Institutions are required to report to RBI, at prescribed periodicity, the particulars of
BP.BC. 56 /21.04.048/2001-02 January 9, 2002All commercial banks (excluding RRBs) and notified All India Financial InstitutionsDear Sirs,Guidelines for Investments by banks/FIsPlease refer to our circular DBOD.No.BC.CIS.47/20:16:002/94 dated April 23, 1994, read with circular DBOD.No. BC.DL.161/20.16.002/99-2000 dated April 1, 2000, in terms of which banks and notified Financial Institutions are required to report to RBI, at prescribed periodicity, the particulars of
જાન્યુ 04, 2002
Illustrations showing adherence by PDs to Commitments on aggregative bidding in Central Government Securities' issues and to required amount of successful bids
Annexure IIllustrations showing adherence by PDs to Commitments on aggregative bidding in Central Government Securities' issues and to required amount of successful bids [Ref. paragraphs 4(i) and 4(ii) of the Guidelines]1. A PD has committed to bid aggregatively Rs. 500 crore each in Central Government Dated Securities and GOI Treasury Bills as shown below. The success ratio to be maintained by the PD is 40 per cent each in respect of Dated Govt. Securities and Treasu
Annexure IIllustrations showing adherence by PDs to Commitments on aggregative bidding in Central Government Securities' issues and to required amount of successful bids [Ref. paragraphs 4(i) and 4(ii) of the Guidelines]1. A PD has committed to bid aggregatively Rs. 500 crore each in Central Government Dated Securities and GOI Treasury Bills as shown below. The success ratio to be maintained by the PD is 40 per cent each in respect of Dated Govt. Securities and Treasu
જાન્યુ 04, 2002
Guidelines for Primary Dealers in the Government Securities Market
In accordance with the announcement in the Monetary and Credit Policy on May 14, 1994 to introduce a system of Primary Dealers (PDs) in the government securities market, Reserve Bank of India (RBI) framed guidelines for enlistment and operations of Primary Dealers (PDs). The Guidelines incorporating changes effected from time to time are given below:The objectives of Primary Dealer SystemThe objectives of the PD system are:To strengthen the infrastructure in the gover
In accordance with the announcement in the Monetary and Credit Policy on May 14, 1994 to introduce a system of Primary Dealers (PDs) in the government securities market, Reserve Bank of India (RBI) framed guidelines for enlistment and operations of Primary Dealers (PDs). The Guidelines incorporating changes effected from time to time are given below:The objectives of Primary Dealer SystemThe objectives of the PD system are:To strengthen the infrastructure in the gover
જાન્યુ 04, 2002
Illustration showing the underwriting amount, cut-off rate of under - Writing fee accepted by the Reserve Bank and devolvement on PDs.
Annexure II (Ref. Paragraph 4(iii) of the Guidelines) RBI sells GOI security of 5-year tenure for an aggregate amount of Rs. 2000 crore (nominal) through an auction. Assuming that PDs submit bids for underwriting as stated below, the amount of underwriting fee payable and the devolvement would be as under: (Rs. in crore)Name of PDAmount of underwriting offeredCumulative figureUnderwriting fee quoted (Paise)Cut-off rateUnderwriting amt. Accepted by RBIUnderwriting fee
Annexure II (Ref. Paragraph 4(iii) of the Guidelines) RBI sells GOI security of 5-year tenure for an aggregate amount of Rs. 2000 crore (nominal) through an auction. Assuming that PDs submit bids for underwriting as stated below, the amount of underwriting fee payable and the devolvement would be as under: (Rs. in crore)Name of PDAmount of underwriting offeredCumulative figureUnderwriting fee quoted (Paise)Cut-off rateUnderwriting amt. Accepted by RBIUnderwriting fee
જાન્યુ 04, 2002
Statements / Returns to be submitted by Primary Dealers to various
Departments of Reserve Bank of India
Departments of Reserve Bank of India
Annexure-V(Ref. paragraph 8 of the Guidelines)Sr. No.Return/ReportPeriodicityTo be filed with Deptt.Reference under which required1PDR-IDailyIDMCPD Guidelines2PDR-IIMonthly3PDR-IIIQuarterly4Market ReportDaily5Annual Report & Annual Audited A/csAnnual6Half-yearly AccountsHalf-yearly7Auditor's Certificate on Net Owned FundsYearly8Reconciliation of holdings of Govt. Securities in Own A/c and constituent A/cYearlyIDMCIDMC.No.PDRS/2049A/03.64.00/99-2000 dated December
Annexure-V(Ref. paragraph 8 of the Guidelines)Sr. No.Return/ReportPeriodicityTo be filed with Deptt.Reference under which required1PDR-IDailyIDMCPD Guidelines2PDR-IIMonthly3PDR-IIIQuarterly4Market ReportDaily5Annual Report & Annual Audited A/csAnnual6Half-yearly AccountsHalf-yearly7Auditor's Certificate on Net Owned FundsYearly8Reconciliation of holdings of Govt. Securities in Own A/c and constituent A/cYearlyIDMCIDMC.No.PDRS/2049A/03.64.00/99-2000 dated December
જાન્યુ 03, 2002
Export Credit to Processors/Exporters
Agri-Export Zones
Agri-Export Zones
IECD No.15 /04.02.02/2001-2002January 3, 2002The Chairman/Chief Executives of allCommercial banksDear Sir,Export Credit to Processors/ExportersAgri-Export Zones As you may be aware, Government of India has laid special emphasis on exports of agricultural products in the Exim Policy announced in March 2001 and have decided to set up Agri-Export Zones in the country to promote agri-exports. Government have proposed that Agri Export Oriented units (processing) would be s
IECD No.15 /04.02.02/2001-2002January 3, 2002The Chairman/Chief Executives of allCommercial banksDear Sir,Export Credit to Processors/ExportersAgri-Export Zones As you may be aware, Government of India has laid special emphasis on exports of agricultural products in the Exim Policy announced in March 2001 and have decided to set up Agri-Export Zones in the country to promote agri-exports. Government have proposed that Agri Export Oriented units (processing) would be s
જાન્યુ 01, 2002
Release of Assets of Deceased Customers to
Legal Survivors/Claimants
Legal Survivors/Claimants
DBOD. BC.No. 55 /09.07.007/2001-02January 01 , 2002All Commercial Banks(excluding RRBs)Dear Sir,Release of Assets of Deceased Customers toLegal Survivors/ClaimantsIn terms of our circular DBOD BCNo.148/09.07.007/1999-2000 dated March 14,2000, it was advised that banks should not insist upon succession certificate from legal heirs where the amount to the credit of deceased depositors does not exceed Rs.25,000/-.Certain safeguards were stipulated in our Circular DBOD.No
DBOD. BC.No. 55 /09.07.007/2001-02January 01 , 2002All Commercial Banks(excluding RRBs)Dear Sir,Release of Assets of Deceased Customers toLegal Survivors/ClaimantsIn terms of our circular DBOD BCNo.148/09.07.007/1999-2000 dated March 14,2000, it was advised that banks should not insist upon succession certificate from legal heirs where the amount to the credit of deceased depositors does not exceed Rs.25,000/-.Certain safeguards were stipulated in our Circular DBOD.No
જાન્યુ 01, 2002
RBI Regulations for NBFCs
Ref.DNBS(PD).CC.No.18/02.01/2001-02January 1, 2002 ToAll Non-Banking Financial Companies including Residuary Non-Banking CompaniesDear Sirs,RBI Regulations for NBFCsRBI has received requests from the NBFCs and their associations for a review of some of the provisions of the regulations in order to obviate the operational difficulties, without in any manner, compromising the principles of protection of interests of the depositors of the NBFCs. The requests have been ex
Ref.DNBS(PD).CC.No.18/02.01/2001-02January 1, 2002 ToAll Non-Banking Financial Companies including Residuary Non-Banking CompaniesDear Sirs,RBI Regulations for NBFCsRBI has received requests from the NBFCs and their associations for a review of some of the provisions of the regulations in order to obviate the operational difficulties, without in any manner, compromising the principles of protection of interests of the depositors of the NBFCs. The requests have been ex
જાન્યુ 01, 2002
RBI rationalises NBFC Regulations
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral OfficeCentre 1, World Trade CentreCuffe Parade, ColabaMumbai – 400 005@@NBSP@@ContentsNotification No.DNBS. 154/CGM (LMF) -2002 dated January 1, 2002Notification No.DNBS. 155/CGM (LMF) -2002 dated January 1, 2002Notification No.DNBS.156/CGM(LMF)-2002 dated January 1, 2002@@NBSP@@@@NBSP@@Notification No.DNBS. 154/CGM (LMF) -2002 dated January 1, 2002The Reserve Bank of India, having considered it necessa
Reserve Bank of IndiaDepartment of Non-Banking SupervisionCentral OfficeCentre 1, World Trade CentreCuffe Parade, ColabaMumbai – 400 005@@NBSP@@ContentsNotification No.DNBS. 154/CGM (LMF) -2002 dated January 1, 2002Notification No.DNBS. 155/CGM (LMF) -2002 dated January 1, 2002Notification No.DNBS.156/CGM(LMF)-2002 dated January 1, 2002@@NBSP@@@@NBSP@@Notification No.DNBS. 154/CGM (LMF) -2002 dated January 1, 2002The Reserve Bank of India, having considered it necessa
જાન્યુ 01, 2002
Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2002
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 48 /2002-RBdated January 1, 2002Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.19/RB-2000, dated May 3, 20
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 48 /2002-RBdated January 1, 2002Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2002 In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.19/RB-2000, dated May 3, 20
ડિસે 22, 2001
Collection and dissemination of information on defaulters
Ref.: DBOD. No DL. BC 54 /20.16.001/2001-02December 22, 2001The Chairmen/ CMDs/CEOs,All Scheduled Commercial Banks (excluding RRBs and LABs) andAll India Notified Financial InstitutionsDear Sirs,Collection and dissemination of information on defaultersPlease refer to paragraph 3 of our circular DBOD No.BC/ DL/161/ 20.16.002/99-2000 dated April 1, 2000 in terms of which, banks and financial institutions were required to exclude nominee directors of the Government, bank
Ref.: DBOD. No DL. BC 54 /20.16.001/2001-02December 22, 2001The Chairmen/ CMDs/CEOs,All Scheduled Commercial Banks (excluding RRBs and LABs) andAll India Notified Financial InstitutionsDear Sirs,Collection and dissemination of information on defaultersPlease refer to paragraph 3 of our circular DBOD No.BC/ DL/161/ 20.16.002/99-2000 dated April 1, 2000 in terms of which, banks and financial institutions were required to exclude nominee directors of the Government, bank
ડિસે 22, 2001
One Time Settlement of NPAs- Small Loan Accounts
with sanctioned limits upto RS.25,000/-
with sanctioned limits upto RS.25,000/-
BP.BC. 53 / 21.04.117 /2001-02December 22, 2001Chairmen and Managing Directors of all public sector banksDear Sir,One Time Settlement of NPAs- Small Loan Accountswith sanctioned limits upto RS.25,000/-The Hon’ble Finance Minister in his meeting with the CMDs of public sector banks held at New Delhi on November 12, 2001, has indicated that a suitable scheme should be evolved by the banks for recovery of dues pertaining to loans outstanding up to Rs.25,000. Accordingly,
BP.BC. 53 / 21.04.117 /2001-02December 22, 2001Chairmen and Managing Directors of all public sector banksDear Sir,One Time Settlement of NPAs- Small Loan Accountswith sanctioned limits upto RS.25,000/-The Hon’ble Finance Minister in his meeting with the CMDs of public sector banks held at New Delhi on November 12, 2001, has indicated that a suitable scheme should be evolved by the banks for recovery of dues pertaining to loans outstanding up to Rs.25,000. Accordingly,
ડિસે 10, 2001
Introduction of Euro Bank notes & coins
10th December 2001.EC.CO.FMD. 479 /02.03.139/2001-02.All Authorised Dealers & Full Fledged Money ChangersIntroduction of Euro Bank notes & coinsEuro Bank notes and coins will be introduced from 1st January 2002 and the 12 legacy currencies would cease to be legal tender as per the time table set by the member countries.2. As per paragraph 3 (iii) of Notification No.FEMA11/2000-RB dated 3rd May 2000, a person resident in India may retain foreign currency notes,
10th December 2001.EC.CO.FMD. 479 /02.03.139/2001-02.All Authorised Dealers & Full Fledged Money ChangersIntroduction of Euro Bank notes & coinsEuro Bank notes and coins will be introduced from 1st January 2002 and the 12 legacy currencies would cease to be legal tender as per the time table set by the member countries.2. As per paragraph 3 (iii) of Notification No.FEMA11/2000-RB dated 3rd May 2000, a person resident in India may retain foreign currency notes,
ડિસે 08, 2001
Scheme for Non-competitive Bidding Facility in the
Auctions of Government Securities
Auctions of Government Securities
RESERVE BANK OF INDIAINTERNAL DEBT MANAGEMENT CELLScheme for Non-competitive Bidding Facility in the Auctions of Government SecuritiesI. 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 dat
RESERVE BANK OF INDIAINTERNAL DEBT MANAGEMENT CELLScheme for Non-competitive Bidding Facility in the Auctions of Government SecuritiesI. 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 dat
ડિસે 08, 2001
Auction of Government Securities:
Non-competitive bidding facility to retail investors
Non-competitive bidding facility to retail investors
Ref.No.IDMC. /08.01.02/2001-2002.December 7, 2001All Scheduled Commercial Banks /All State Co-operativeBanks/All Scheduled Primary (Urban) Co-operative Banks/ All Primary DealersAuction of Government Securities: Non-competitive bidding facility to retail investorsDear Sirs,It was announced in the 'Statement on Monetary and Credit Policy for the year 2001-2002' that in order to encourage retail participation in the primary market for Government Securities, it is propos
Ref.No.IDMC. /08.01.02/2001-2002.December 7, 2001All Scheduled Commercial Banks /All State Co-operativeBanks/All Scheduled Primary (Urban) Co-operative Banks/ All Primary DealersAuction of Government Securities: Non-competitive bidding facility to retail investorsDear Sirs,It was announced in the 'Statement on Monetary and Credit Policy for the year 2001-2002' that in order to encourage retail participation in the primary market for Government Securities, it is propos
ડિસે 05, 2001
Notification No.FEMA47/2001-RB (December 5, 2001)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001Notification No.FEMA47/2001-RBDated December 5, 2001In exercise of the 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 notification of its Notification No.FEMA.10/2000-RB dated 3rd May, 2000, Reserve Bank of India makes the following amendments in the Foreign Exchange Managemen
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001Notification No.FEMA47/2001-RBDated December 5, 2001In exercise of the 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 notification of its Notification No.FEMA.10/2000-RB dated 3rd May, 2000, Reserve Bank of India makes the following amendments in the Foreign Exchange Managemen
ડિસે 05, 2001
Notification No.FEMA47/2001-RB (December 5, 2001)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 Notification No.FEMA47/2001-RB Dated December 5, 2001 In exercise of the 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 notification of its Notification No.FEMA.10/2000-RB dated 3rd May, 2000, Reserve Bank of India makes the following amendments in the Foreign Exchange Man
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 Notification No.FEMA47/2001-RB Dated December 5, 2001 In exercise of the 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 notification of its Notification No.FEMA.10/2000-RB dated 3rd May, 2000, Reserve Bank of India makes the following amendments in the Foreign Exchange Man
નવે 29, 2001
Capital adequacy norms - Treatment of preference shares - Grant equivalent
REF. DBS.FID No. C-9 /01.10.00/2001-02November 29, 2001To the CEOs of The All-India Term Lending and Refinancing InstitutionsDear Sir,Capital adequacy norms – Treatment of preference shares – Grant equivalentPlease refer to our Circular FID. No. 752/01.10.00/98099 dated April 21, 1999 on the captioned subject enumerating the treatment of preference shares, with original maturity of 20 years, issued by the FIs for the purpose of capital adequacy norms.2. Under the exta
REF. DBS.FID No. C-9 /01.10.00/2001-02November 29, 2001To the CEOs of The All-India Term Lending and Refinancing InstitutionsDear Sir,Capital adequacy norms – Treatment of preference shares – Grant equivalentPlease refer to our Circular FID. No. 752/01.10.00/98099 dated April 21, 1999 on the captioned subject enumerating the treatment of preference shares, with original maturity of 20 years, issued by the FIs for the purpose of capital adequacy norms.2. Under the exta
નવે 29, 2001
Notification No. FEMA. 46 /2001-RB (November 29, 2001)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 Notification No.FEMA/46/2001-RB Dated November 29, 2001. Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2001 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and 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/46/2001-RB Dated November 29, 2001. Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2001 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No.F
નવે 28, 2001
Norms for entry of the all-India financial institutions into insurance business
REF. DBS.FID No. C-8 /01.02.00/2001-0228 November, 2001To the CEOs of The all-India Term lending and Refinancing InstitutionsDear Sir,Norms for entry of the all-India financial institutions into insurance businessAs you are aware, the Insurance Regulatory and Development Authority has issued Regulations on registration of Indian insurance companies and some of the financial intermediaries in the system have also since made an entry into the insurance business. The gui
REF. DBS.FID No. C-8 /01.02.00/2001-0228 November, 2001To the CEOs of The all-India Term lending and Refinancing InstitutionsDear Sir,Norms for entry of the all-India financial institutions into insurance businessAs you are aware, the Insurance Regulatory and Development Authority has issued Regulations on registration of Indian insurance companies and some of the financial intermediaries in the system have also since made an entry into the insurance business. The gui
નવે 22, 2001
Limits on Credit Exposure to Individual/Group Borrowers
BP.BC. 47 /21.03.54/2001-02November 22, 2001All commercial banks (excluding RRBs)Dear Sir,Limits on Credit Exposure to Individual/Group BorrowersPlease refer to para. 2.3.1 of our master circular DBOD.No.DIR.BC.4/13.03.00/ 2000-2001 dated July 17, 2000 on exposure norms, wherein it has been mentioned that capital funds for determining exposure ceiling will comprise paid-up capital and free reserves as per the published accounts as on March 31st of the previous year. I
BP.BC. 47 /21.03.54/2001-02November 22, 2001All commercial banks (excluding RRBs)Dear Sir,Limits on Credit Exposure to Individual/Group BorrowersPlease refer to para. 2.3.1 of our master circular DBOD.No.DIR.BC.4/13.03.00/ 2000-2001 dated July 17, 2000 on exposure norms, wherein it has been mentioned that capital funds for determining exposure ceiling will comprise paid-up capital and free reserves as per the published accounts as on March 31st of the previous year. I
નવે 22, 2001
Financial assistance to wood and panel based
Industry in the North Eastern Region
Industry in the North Eastern Region
IECD.No. 13 /08.12.01/2001-02November 22, 2001The Chairmen/Chief Executives of All commercial banksDear Sirs, Financial assistance to wood and panel basedIndustry in the North Eastern RegionIt has come to our notice that owing to certain extraneous circumstances, the operations of the wood and panel based industry in the North Eastern Region have been adversely affected, resulting in closure of a number of units during the last four years. Considering the importance o
IECD.No. 13 /08.12.01/2001-02November 22, 2001The Chairmen/Chief Executives of All commercial banksDear Sirs, Financial assistance to wood and panel basedIndustry in the North Eastern RegionIt has come to our notice that owing to certain extraneous circumstances, the operations of the wood and panel based industry in the North Eastern Region have been adversely affected, resulting in closure of a number of units during the last four years. Considering the importance o
નવે 22, 2001
Rupee Export Credit
RESERVE BANK OF INDIAINDUSTRIAL & EXPORT CREDIT DEPARTMENTCENTRAL OFFICE, CENTRAL OFFICE BUILDING, POST BAG - 10030, MUMBAI - 400 001Ref. IECD.No.14/04.02.02/2001-0222 November, 2001 Agrahayana 1, 1923(S)The Chairmen/Chief Executives of all Commercial BanksDear Sir,Master Circular on Rupee Export CreditAs you are aware, the Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks in regard to matters relating to
RESERVE BANK OF INDIAINDUSTRIAL & EXPORT CREDIT DEPARTMENTCENTRAL OFFICE, CENTRAL OFFICE BUILDING, POST BAG - 10030, MUMBAI - 400 001Ref. IECD.No.14/04.02.02/2001-0222 November, 2001 Agrahayana 1, 1923(S)The Chairmen/Chief Executives of all Commercial BanksDear Sir,Master Circular on Rupee Export CreditAs you are aware, the Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks in regard to matters relating to
નવે 22, 2001
Export Credit In Foreign Currency
1. Pre-Shipment Export Credit2. Post-Shipment Export Credit3. Interest On Export CreditAppendix@@NBSP@@1. PRE-SHIPMENT EXPORT CREDIT1.1 Pre-shipment Credit in Foreign Currency (PCFC)1.1.1 Definition'Pre-shipment' means any loan or advance granted or any other credit provided by a bank to an exporter for financing the purchase, processing, manufacturing or packing of goods prior to shipment, on the basis of letter of credit opened in his favour or in favour of some oth
1. Pre-Shipment Export Credit2. Post-Shipment Export Credit3. Interest On Export CreditAppendix@@NBSP@@1. PRE-SHIPMENT EXPORT CREDIT1.1 Pre-shipment Credit in Foreign Currency (PCFC)1.1.1 Definition'Pre-shipment' means any loan or advance granted or any other credit provided by a bank to an exporter for financing the purchase, processing, manufacturing or packing of goods prior to shipment, on the basis of letter of credit opened in his favour or in favour of some oth
નવે 22, 2001
Customer Service, Simplification of Procedures for Delivery of Export Credit and Reporting Requirements
Master Circular 1. Customer Service and Simplification of Procedures 2. Reporting Requirements Annexure 1 (Word Format) Annexure 2 Appendix @@NBSP@@ 1. CUSTOMER SERVICE AND SIMPLIFICATION OF PROCEDURES 1.1 Customer Service 1.1.1 General (i) Banks may provide timely and adequate credit and also render essential customer services/guidance in regard to procedural formalities and export opportunities to their exporter clients. (ii) Banks should open Export Counsel Offices
Master Circular 1. Customer Service and Simplification of Procedures 2. Reporting Requirements Annexure 1 (Word Format) Annexure 2 Appendix @@NBSP@@ 1. CUSTOMER SERVICE AND SIMPLIFICATION OF PROCEDURES 1.1 Customer Service 1.1.1 General (i) Banks may provide timely and adequate credit and also render essential customer services/guidance in regard to procedural formalities and export opportunities to their exporter clients. (ii) Banks should open Export Counsel Offices
નવે 17, 2001
Issue of Government of India Floating Rate Bonds, 2006
Ref.No.IDMC.2418 /08.02.20/2001-02November 17, 2001 All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary & Satellite Dealers in Government Securities Market.Dear Sirs,Issue of Government of India Floating Rate Bonds, 2006Government of India have offered to sell Floating Rate Bonds, 2006 vide Notification No.4(7)-W&M/2001(i) dated November 15, 2001 for
Ref.No.IDMC.2418 /08.02.20/2001-02November 17, 2001 All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary & Satellite Dealers in Government Securities Market.Dear Sirs,Issue of Government of India Floating Rate Bonds, 2006Government of India have offered to sell Floating Rate Bonds, 2006 vide Notification No.4(7)-W&M/2001(i) dated November 15, 2001 for
નવે 15, 2001
Disclosure of information on defaulters
DBOD No. BC 44 /DL/20.16.001/2001-02November 15, 2001The Chairmen/ CMDs/CEOs,All Scheduled Commercial Banks (excluding RRBs and LABs) and Notified all India Financial InstitutionsDear Sirs,Disclosure of information on defaultersAs you are aware banks and Financial Institutions (FIs) have been advised to report to us details of borrowal accounts classified as doubtful and loss and suit-filed accounts of Rs.1 crore and above as on 31 March and 30 September every year, v
DBOD No. BC 44 /DL/20.16.001/2001-02November 15, 2001The Chairmen/ CMDs/CEOs,All Scheduled Commercial Banks (excluding RRBs and LABs) and Notified all India Financial InstitutionsDear Sirs,Disclosure of information on defaultersAs you are aware banks and Financial Institutions (FIs) have been advised to report to us details of borrowal accounts classified as doubtful and loss and suit-filed accounts of Rs.1 crore and above as on 31 March and 30 September every year, v
નવે 15, 2001
Bank financing for margin trading
DBOD.BP.BC.45/21.04.137 /2001-02November 15, 2001Kartika 24, 1923All scheduled commercial banks(excluding RRBs and LABs)@@NBSP@@Dear Sir,Bank financing for margin tradingPlease refer to our circular DBOD.BP.BC.27/21.04.137-2001 dated September 22, 2001 in terms of which banks were permitted, on an experimental basis, to extend finance to stockbrokers for margin trading within the overall ceiling of 5% prescribed for exposure of banks to capital market, for a period of
DBOD.BP.BC.45/21.04.137 /2001-02November 15, 2001Kartika 24, 1923All scheduled commercial banks(excluding RRBs and LABs)@@NBSP@@Dear Sir,Bank financing for margin tradingPlease refer to our circular DBOD.BP.BC.27/21.04.137-2001 dated September 22, 2001 in terms of which banks were permitted, on an experimental basis, to extend finance to stockbrokers for margin trading within the overall ceiling of 5% prescribed for exposure of banks to capital market, for a period of
નવે 08, 2001
Draft Cyclical Credit Scheme for crop production in rain fed areas
Reserve Bank of India is considering introducing a Cyclical Credit Scheme for crop production with a view to providing an institutional mechanism for ensuring uninterrupted flow of bank credit to the farmers for production purposes in the event of natural calamities. A draft Scheme prepared in consultation with a few select banks and NABARD is released on RBI Website for comments / views of all concerned. The comments / views / suggestions, if any, may be sent to Rese
Reserve Bank of India is considering introducing a Cyclical Credit Scheme for crop production with a view to providing an institutional mechanism for ensuring uninterrupted flow of bank credit to the farmers for production purposes in the event of natural calamities. A draft Scheme prepared in consultation with a few select banks and NABARD is released on RBI Website for comments / views of all concerned. The comments / views / suggestions, if any, may be sent to Rese
નવે 07, 2001
Stapling of Note Packets - Removal
DBOD No. Dir. BC. 42/13.03.00/2001-02
DBOD No. Dir. BC. 42/13.03.00/2001-02
Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations and DevelopmentCentre - 1, World Trade CentreCuffe Parade, Colaba, Mumbai - 400 005November 7, 2001Kartika 16, 1923(S)DBOD No. Dir. BC. 42/13.03.00/2001-02In exercise of the powers conferred by Section 35A of the Banking Regulations Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in public interest so to do, hereby directs that hereinafter and with immediate eff
Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations and DevelopmentCentre - 1, World Trade CentreCuffe Parade, Colaba, Mumbai - 400 005November 7, 2001Kartika 16, 1923(S)DBOD No. Dir. BC. 42/13.03.00/2001-02In exercise of the powers conferred by Section 35A of the Banking Regulations Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in public interest so to do, hereby directs that hereinafter and with immediate eff
નવે 07, 2001
Stapling of Note Packets - Removal
DBOD No. Dir. BC. 43/13.03.00/2001-02
DBOD No. Dir. BC. 43/13.03.00/2001-02
Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations and DevelopmentCentre - 1, World Trade CentreCuffe Parade, Colaba, Mumbai - 400 005November 7, 2001Kartika 16, 1923(S)DBOD No. Dir. BC. 43/13.03.00/2001-02All Commercial Banks(Including RRBs & LABs)Dear Sirs,It is observed that banks still continue to follow the practice of stapling of fresh note packets and multiple stapling of re-issuable note packets. The practice has come under criticism from
Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations and DevelopmentCentre - 1, World Trade CentreCuffe Parade, Colaba, Mumbai - 400 005November 7, 2001Kartika 16, 1923(S)DBOD No. Dir. BC. 43/13.03.00/2001-02All Commercial Banks(Including RRBs & LABs)Dear Sirs,It is observed that banks still continue to follow the practice of stapling of fresh note packets and multiple stapling of re-issuable note packets. The practice has come under criticism from
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