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Notifications
નવે 29, 2013
Periodicity of Payment of Interest on Rupee Savings/Term Deposits
RBI/2013-14/385 DBOD.No.Dir.BC. 69/13.03.00/2013-14 November 29, 2013 To All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam Periodicity of Payment of Interest on Rupee Savings/Term Deposits Please refer to paragraph 23 of the Second Quarter Review of Monetary Policy 2013-14 announced on October 29, 2013 (extract enclosed) on periodicity of payment of interest on savings and term deposits. 2. In this connection, a reference is also invited to paragraph 2
RBI/2013-14/385 DBOD.No.Dir.BC. 69/13.03.00/2013-14 November 29, 2013 To All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam Periodicity of Payment of Interest on Rupee Savings/Term Deposits Please refer to paragraph 23 of the Second Quarter Review of Monetary Policy 2013-14 announced on October 29, 2013 (extract enclosed) on periodicity of payment of interest on savings and term deposits. 2. In this connection, a reference is also invited to paragraph 2
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નવે 29, 2013
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
RBI/2013-14/384 DBOD. AML.No.10604/14.01.001/2013-14 November 29, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter DBOD. AML.No.314/14.01.001/ 2013-14 dated July 4, 2013 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action Ta
RBI/2013-14/384 DBOD. AML.No.10604/14.01.001/2013-14 November 29, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter DBOD. AML.No.314/14.01.001/ 2013-14 dated July 4, 2013 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action Ta
નવે 29, 2013
Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
RBI/2013-14/387 DBOD. No. Dir. BC.71/13.03.00/ 2013-14 November 29, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular DBOD. Dir. BC. 40/13.03.00/2013-14 dated August 14, 2013 allowing banks the freedom to offer interest rates on incremental NRE deposits with maturity of 3 years and above without any ceiling in order to pass on the benefit of e
RBI/2013-14/387 DBOD. No. Dir. BC.71/13.03.00/ 2013-14 November 29, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular DBOD. Dir. BC. 40/13.03.00/2013-14 dated August 14, 2013 allowing banks the freedom to offer interest rates on incremental NRE deposits with maturity of 3 years and above without any ceiling in order to pass on the benefit of e
નવે 29, 2013
Interest Rates on FCNR (B) Deposits
RBI/2013-14/388 DBOD. No.Dir.BC.73/13.03.00/2013-14 November 29, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Interest Rates on FCNR (B) Deposits Please refer to our circular DBOD. Dir. BC. 38/13.03.00/2013-14 dated August 14, 2013 advising interest rate ceilings on FCNR (B) deposits for maturity period of one year to less than three years and three to five years, respectively. In terms of para 4 thereof, these instructions are valid up to Novem
RBI/2013-14/388 DBOD. No.Dir.BC.73/13.03.00/2013-14 November 29, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Interest Rates on FCNR (B) Deposits Please refer to our circular DBOD. Dir. BC. 38/13.03.00/2013-14 dated August 14, 2013 advising interest rate ceilings on FCNR (B) deposits for maturity period of one year to less than three years and three to five years, respectively. In terms of para 4 thereof, these instructions are valid up to Novem
નવે 26, 2013
Charges Levied by Banks for Sending SMS Alerts
RBI/2013-14/381 DBOD. No. Dir. BC. 67/13.10.00/2013-14 November 26, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Charges Levied by Banks for Sending SMS Alerts Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statement 2013-14 announced on October 29, 2013 (extract enclosed) on ‘Customer Service- Charges Levied by Banks for Sending SMS Alerts’. 2. In this connection, a reference is also invited to our circular DBOD.
RBI/2013-14/381 DBOD. No. Dir. BC. 67/13.10.00/2013-14 November 26, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Charges Levied by Banks for Sending SMS Alerts Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statement 2013-14 announced on October 29, 2013 (extract enclosed) on ‘Customer Service- Charges Levied by Banks for Sending SMS Alerts’. 2. In this connection, a reference is also invited to our circular DBOD.
નવે 25, 2013
Financing of Infrastructure - Definition of 'Infrastructure Lending'
RBI/2013-14/378 DBOD.BP.BC.No.66/08.12.014/2013-14 November 25, 2013 All Scheduled Commercial Banks (excluding RRBs) and All India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir, Financing of Infrastructure - Definition of 'Infrastructure Lending' Please refer to our circular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012 on ‘Definition of Infrastructure Lending’ harmonising the RBI definition of Infrastructure Lendin
RBI/2013-14/378 DBOD.BP.BC.No.66/08.12.014/2013-14 November 25, 2013 All Scheduled Commercial Banks (excluding RRBs) and All India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir, Financing of Infrastructure - Definition of 'Infrastructure Lending' Please refer to our circular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012 on ‘Definition of Infrastructure Lending’ harmonising the RBI definition of Infrastructure Lendin
નવે 07, 2013
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List
RBI/2013-2014/362 DBOD. AML.No. 8677/14.06.001/2013-14 November 7, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBOD. AML No. 571914.06.001/2013-14 dated September 26, 2013 on the captioned subject releasing 23rd update. W
RBI/2013-2014/362 DBOD. AML.No. 8677/14.06.001/2013-14 November 7, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBOD. AML No. 571914.06.001/2013-14 dated September 26, 2013 on the captioned subject releasing 23rd update. W
નવે 06, 2013
Timely Issue of TDS Certificate to Customers
RBI/2013-14/361 DBOD.No.Leg.BC.65/09.07.005/2013-14 November 6, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Timely Issue of TDS Certificate to Customers It has been brought to our notice that, some banks are not providing TDS Certificate in Form 16A to their customers in time, causing inconvenience to customers in filing income-tax returns timely. 2. The matter has been examined and with a view to protect interest of the depositors and for ren
RBI/2013-14/361 DBOD.No.Leg.BC.65/09.07.005/2013-14 November 6, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Timely Issue of TDS Certificate to Customers It has been brought to our notice that, some banks are not providing TDS Certificate in Form 16A to their customers in time, causing inconvenience to customers in filing income-tax returns timely. 2. The matter has been examined and with a view to protect interest of the depositors and for ren
ઑક્ટો 29, 2013
Bank Rate
RBI/2013-14/345 DBOD.No.Ret.BC. 64/12.01.001/2013-14 October 29, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate Please refer to our circular DBOD.No.Ret.BC.58/12.01.001/2013-14 dated October 7, 2013 on the subject. 2. As announced in the Second Quarter Review of Monetary Policy 2013-14 dated October 29, 2013, the Bank Rate stands adjusted by 25 basis points from 9.0 per cent to 8.75 per cent with effect from October 29, 2013. 3. All pen
RBI/2013-14/345 DBOD.No.Ret.BC. 64/12.01.001/2013-14 October 29, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate Please refer to our circular DBOD.No.Ret.BC.58/12.01.001/2013-14 dated October 7, 2013 on the subject. 2. As announced in the Second Quarter Review of Monetary Policy 2013-14 dated October 29, 2013, the Bank Rate stands adjusted by 25 basis points from 9.0 per cent to 8.75 per cent with effect from October 29, 2013. 3. All pen
ઑક્ટો 29, 2013
Second Quarter Review of Monetary Policy 2013-14
By Dr. Raghuram G. Rajan Governor Part A. Monetary Policy Monetary and Liquidity Measures Following an assessment of the evolving macroeconomic situation, the Reserve Bank has decided to: reduce the marginal standing facility (MSF) rate by 25 basis points from 9.0 per cent to 8.75 per cent with immediate effect; increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.5@@NBSP@@ per cent to 7.75 per cent with immediate effec
By Dr. Raghuram G. Rajan Governor Part A. Monetary Policy Monetary and Liquidity Measures Following an assessment of the evolving macroeconomic situation, the Reserve Bank has decided to: reduce the marginal standing facility (MSF) rate by 25 basis points from 9.0 per cent to 8.75 per cent with immediate effect; increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.5@@NBSP@@ per cent to 7.75 per cent with immediate effec
ઑક્ટો 29, 2013
Due diligence in correspondent banking relationship
RBI/2013-14/342 DBOD.AML.BC.No.63/14.01.001/2013-14 October 29, 2013 The Chairmen / Chief Executive Officers of All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Due diligence in correspondent banking relationship. Please refer to paragraph 2.16 of our Master Circular DBOD. AML.BC.24/14.01.001/2012-13 dated July 1, 2013 on ‘Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) / Obliga
RBI/2013-14/342 DBOD.AML.BC.No.63/14.01.001/2013-14 October 29, 2013 The Chairmen / Chief Executive Officers of All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Due diligence in correspondent banking relationship. Please refer to paragraph 2.16 of our Master Circular DBOD. AML.BC.24/14.01.001/2012-13 dated July 1, 2013 on ‘Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) / Obliga
ઑક્ટો 23, 2013
Amendments to Banking Regulation Act 1949 - Banking Laws (Amendment) Act 2012 - Applicability to private sector banks
RBI/2013-14/334 DBOD.NO.PSBD.BC.62/16.13.100/ 2013-14 October 23, 2013 All Private Sector Banks Dear Sir, Amendments to Banking Regulation Act 1949 -- Banking Laws (Amendment) Act 2012 - Applicability to private sector banks As you are aware, the Government of India, Ministry of Finance, notified the Banking Law Amendments Act, 2012, vide Gazette Notification dated January 17, 2013, (published in Part II- Section 3--sub-section (ii) of the Gazette of India No.177 date
RBI/2013-14/334 DBOD.NO.PSBD.BC.62/16.13.100/ 2013-14 October 23, 2013 All Private Sector Banks Dear Sir, Amendments to Banking Regulation Act 1949 -- Banking Laws (Amendment) Act 2012 - Applicability to private sector banks As you are aware, the Government of India, Ministry of Finance, notified the Banking Law Amendments Act, 2012, vide Gazette Notification dated January 17, 2013, (published in Part II- Section 3--sub-section (ii) of the Gazette of India No.177 date
ઑક્ટો 21, 2013
Settlement of Claims in respect of Missing Persons in Uttarakhand Disaster
RBI/2013-14/331 DBOD.No.Leg.BC. 61/09.07.005/2013-14 October 21, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Settlement of Claims in respect of Missing Persons in Uttarakhand Disaster In the aftermath of Uttarakhand Natural Disaster during June 14-20, 2013 the Office of the Registrar General of India, Ministry of Home Affairs, Government of India has devised a procedure for Registration of Death of Missing persons in Natural Calamities affecte
RBI/2013-14/331 DBOD.No.Leg.BC. 61/09.07.005/2013-14 October 21, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Settlement of Claims in respect of Missing Persons in Uttarakhand Disaster In the aftermath of Uttarakhand Natural Disaster during June 14-20, 2013 the Office of the Registrar General of India, Ministry of Home Affairs, Government of India has devised a procedure for Registration of Death of Missing persons in Natural Calamities affecte
ઑક્ટો 21, 2013
Relaxations in Branch Authorisation Policy
RBI/2013-14/330 DBOD.No.BAPD.BC. 60/22.01.001/2013-14 October 21, 2013 All Domestic Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir Section 23 of the Banking Regulation Act, 1949 – Relaxations in Branch Authorisation Policy Please refer to circular DBOD.No.BAPD.BC.54/22.01.001/2013-14 dated September 19, 2013, on the above subject, advising that domestic scheduled commercial banks (other than RRBs) are permitted to open branches in Tier 1 to Tier 6 centre
RBI/2013-14/330 DBOD.No.BAPD.BC. 60/22.01.001/2013-14 October 21, 2013 All Domestic Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir Section 23 of the Banking Regulation Act, 1949 – Relaxations in Branch Authorisation Policy Please refer to circular DBOD.No.BAPD.BC.54/22.01.001/2013-14 dated September 19, 2013, on the above subject, advising that domestic scheduled commercial banks (other than RRBs) are permitted to open branches in Tier 1 to Tier 6 centre
ઑક્ટો 17, 2013
Change of Name of SME Rating Agency of India Limited to SMERA Ratings Limited (SMERA)
RBI/2013-14/326 DBOD.BP.BC.No.59/21.06.007/2013-14 October 17, 2013 The Chairman and Managing Director/The Chief Executive Officer All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Change of Name of SME Rating Agency of India Limited to SMERA Ratings Limited (SMERA) Please refer to the Master Circular No. DBOD.No.BP.BC.9/21.06.001/2012-13 dated July 1, 2013 on 'Prudential Guidelines on Capital Adequacy and Market Discipline
RBI/2013-14/326 DBOD.BP.BC.No.59/21.06.007/2013-14 October 17, 2013 The Chairman and Managing Director/The Chief Executive Officer All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Change of Name of SME Rating Agency of India Limited to SMERA Ratings Limited (SMERA) Please refer to the Master Circular No. DBOD.No.BP.BC.9/21.06.001/2012-13 dated July 1, 2013 on 'Prudential Guidelines on Capital Adequacy and Market Discipline
ઑક્ટો 07, 2013
Bank Rate
RBI/2013-14/315 Ref:DBOD.No.Ret.BC. 58/12.01.001/2013-14 October 07, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Press Release 2013-2014/728 dated October 07, 2013, the Bank Rate stands adjusted by 50 basis points from 9.5 per cent to 9.0 per cent with effect from October 07, 2013. 2. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised a
RBI/2013-14/315 Ref:DBOD.No.Ret.BC. 58/12.01.001/2013-14 October 07, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Press Release 2013-2014/728 dated October 07, 2013, the Bank Rate stands adjusted by 50 basis points from 9.5 per cent to 9.0 per cent with effect from October 07, 2013. 2. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised a
સપ્ટે 26, 2013
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List
RBI/2013-14/295 DBOD. AML.No.5719/14.06.001/2013-14 September 26, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBOD. AML No. 3817/14.06.001/2013-14 dated September 10, 2013 on the captioned subject releasing 22nd update. W
RBI/2013-14/295 DBOD. AML.No.5719/14.06.001/2013-14 September 26, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBOD. AML No. 3817/14.06.001/2013-14 dated September 10, 2013 on the captioned subject releasing 22nd update. W
સપ્ટે 25, 2013
Export Credit in Foreign Currency
RBI/2013-14/291 DBOD.Dir.BC.No. 57 /04.02.001/2013-14 September 25, 2013 All Scheduled Commercial Banks and Exim Bank (excluding RRBs) Dear Sir/ Madam, Export Credit in Foreign Currency Banks extend export credit in Indian Rupees as well as in foreign currency, such as Pre Shipment Credit in Foreign Currency (PCFC) and Post Shipment Credit in Foreign Currency (PSCFC), as per their own internal lending policies within the overall regulatory framework prescribed by the
RBI/2013-14/291 DBOD.Dir.BC.No. 57 /04.02.001/2013-14 September 25, 2013 All Scheduled Commercial Banks and Exim Bank (excluding RRBs) Dear Sir/ Madam, Export Credit in Foreign Currency Banks extend export credit in Indian Rupees as well as in foreign currency, such as Pre Shipment Credit in Foreign Currency (PCFC) and Post Shipment Credit in Foreign Currency (PSCFC), as per their own internal lending policies within the overall regulatory framework prescribed by the
સપ્ટે 20, 2013
Bank Rate
RBI/2013-14/282 Ref:DBOD.No.Ret.BC. 56 /12.01.001/2013-14 September 20, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate Please refer to our Circular DBOD.No.Ret.BC.31/12.01.001/2013-14 dated July 15, 2013 on the captioned subject. As announced in the Press Release 2013-2014/604 dated September 20, 2013, the Bank Rate stands adjusted by 75 basis points from 10.25 per cent to 9.50 per cent with effect from September 20, 2013. 2. All penal
RBI/2013-14/282 Ref:DBOD.No.Ret.BC. 56 /12.01.001/2013-14 September 20, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate Please refer to our Circular DBOD.No.Ret.BC.31/12.01.001/2013-14 dated July 15, 2013 on the captioned subject. As announced in the Press Release 2013-2014/604 dated September 20, 2013, the Bank Rate stands adjusted by 75 basis points from 10.25 per cent to 9.50 per cent with effect from September 20, 2013. 2. All penal
સપ્ટે 20, 2013
Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks
RBI/2013-14/280 DBOD. AML.No.4814/14.08.001/2013-14 September 20, 2013 The Chairmen / Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks Under Rule 16 of the Foreign Contribution (Regulation) Rule, 2011, banks have to report to Central Government any transaction in respect of receipt of foreign contribution. Ministry of Home
RBI/2013-14/280 DBOD. AML.No.4814/14.08.001/2013-14 September 20, 2013 The Chairmen / Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Foreign Contribution (Regulation) Rule, 2011- Online Reporting of Receipt of Foreign Contribution by banks Under Rule 16 of the Foreign Contribution (Regulation) Rule, 2011, banks have to report to Central Government any transaction in respect of receipt of foreign contribution. Ministry of Home
સપ્ટે 20, 2013
Change in Daily Minimum Cash Reserve Maintenance Requirement
RBI/2013-14/281 DBOD.No.Ret.BC.55 /12.01.001/2013-14 September 20, 2013 To All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to our Circular DBOD.No.Ret.BC.35/12.01.001/2013-14 dated July 23, 2013 on the captioned subject. 2. @@NBSP@@As announced in the Press Release 2013-14/604 dated September 20, 2013, it has been d
RBI/2013-14/281 DBOD.No.Ret.BC.55 /12.01.001/2013-14 September 20, 2013 To All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to our Circular DBOD.No.Ret.BC.35/12.01.001/2013-14 dated July 23, 2013 on the captioned subject. 2. @@NBSP@@As announced in the Press Release 2013-14/604 dated September 20, 2013, it has been d
સપ્ટે 19, 2013
Relaxations in Branch Authorisation Policy
RBI/2013-14/274 DBOD.No.BAPD.BC.54 /22.01.001/2013-14 September 19, 2013 All Domestic Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir Section 23 of the Banking Regulation Act, 1949 – Relaxations in Branch Authorisation Policy Please refer to Governor’s Statement on taking office on September 04, 2013@@NBSP@@ (extract enclosed - Annex 1) regarding the proposal to completely free bank branching for well managed domestic scheduled commercial banks in every p
RBI/2013-14/274 DBOD.No.BAPD.BC.54 /22.01.001/2013-14 September 19, 2013 All Domestic Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir Section 23 of the Banking Regulation Act, 1949 – Relaxations in Branch Authorisation Policy Please refer to Governor’s Statement on taking office on September 04, 2013@@NBSP@@ (extract enclosed - Annex 1) regarding the proposal to completely free bank branching for well managed domestic scheduled commercial banks in every p
સપ્ટે 17, 2013
Unclaimed Deposits/Inoperative Accounts in banks - Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes
RBI/2013-14/262 DBOD.No. Leg. BC. 53/09.07.005/2013-14 September 17, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Unclaimed Deposits/Inoperative Accounts in banks – Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes Please refer to Circular DBOD. No. Leg.BC.34/09.07.005/2008-09 dated August 22, 2008 on unclaimed deposits/inoperative accounts wherein
RBI/2013-14/262 DBOD.No. Leg. BC. 53/09.07.005/2013-14 September 17, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Unclaimed Deposits/Inoperative Accounts in banks – Treatment of certain savings bank accounts opened for credit of Scholarship amounts and credit of Direct Benefit Transfer under Government Schemes Please refer to Circular DBOD. No. Leg.BC.34/09.07.005/2008-09 dated August 22, 2008 on unclaimed deposits/inoperative accounts wherein
સપ્ટે 17, 2013
Pernicious practices of select banks deterring customer protection and accounting integrity
RBI/2013-14/292 DBS.CO.PPD No. 3578 /11.01.005/2013-14 September 17, 2013 The Chairman/Chief Executive All Scheduled Commercial Banks (Excluding RRBs) / Local Area Banks Madam/Dear Sir, Pernicious practices of select banks deterring customer protection and accounting integrity Please refer to our circular DBS.CO.PPD No. 17882/11.01.005/2012-13 dated June 19, 2013, wherein we had observed certain disquieting features in certain practices/products prevalent/ offered by
RBI/2013-14/292 DBS.CO.PPD No. 3578 /11.01.005/2013-14 September 17, 2013 The Chairman/Chief Executive All Scheduled Commercial Banks (Excluding RRBs) / Local Area Banks Madam/Dear Sir, Pernicious practices of select banks deterring customer protection and accounting integrity Please refer to our circular DBS.CO.PPD No. 17882/11.01.005/2012-13 dated June 19, 2013, wherein we had observed certain disquieting features in certain practices/products prevalent/ offered by
સપ્ટે 11, 2013
Creation of a Central Repository of Large Common Exposures - Across Banks
RBI/2013-14/250 DBS.Dir.OSMOS. No. 3327/33.01.001/2013-14 September 11, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Creation of a Central Repository of Large Common Exposures - Across Banks This has a reference to the statement made on September 4, 2013 by Dr. Raghuram Rajan on his taking over the charge as Governor, RBI wherein it was stated “RBI proposes to collect credit data and examine large common exposures across banks. This will enable
RBI/2013-14/250 DBS.Dir.OSMOS. No. 3327/33.01.001/2013-14 September 11, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Creation of a Central Repository of Large Common Exposures - Across Banks This has a reference to the statement made on September 4, 2013 by Dr. Raghuram Rajan on his taking over the charge as Governor, RBI wherein it was stated “RBI proposes to collect credit data and examine large common exposures across banks. This will enable
સપ્ટે 11, 2013
Financial Inclusion- Access to Banking Services - Basic Savings Bank Deposit Account (BSBDA) - FAQs
RBI /2013-14/246 DBOD.No. Leg.BC.52/09.07.005/2013-14 September 11, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Financial Inclusion- Access to Banking Services – Basic Savings Bank Deposit Account (BSBDA) - FAQs Please refer to Circular DBOD.No. Leg.BC.35 / 09.07.005/2012-13 dated August 10, 2012 on the above subject wherein banks have been advised to offer ‘Basic Savings Bank Deposit Account’ with certain minimum common facilities to all thei
RBI /2013-14/246 DBOD.No. Leg.BC.52/09.07.005/2013-14 September 11, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Financial Inclusion- Access to Banking Services – Basic Savings Bank Deposit Account (BSBDA) - FAQs Please refer to Circular DBOD.No. Leg.BC.35 / 09.07.005/2012-13 dated August 10, 2012 on the above subject wherein banks have been advised to offer ‘Basic Savings Bank Deposit Account’ with certain minimum common facilities to all thei
સપ્ટે 10, 2013
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List
RBI/2013-14/235 DBOD. AML.No.3817/14.06.001/2013-14 September 10, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBOD. AML No. 3316/14.06.001/2013-14 dated September 2, 2013 on the captioned subject releasing 21st update. We
RBI/2013-14/235 DBOD. AML.No.3817/14.06.001/2013-14 September 10, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBOD. AML No. 3316/14.06.001/2013-14 dated September 2, 2013 on the captioned subject releasing 21st update. We
સપ્ટે 03, 2013
Disclosure of customer complaints and unreconciled balances on account of ATM transactions
RBI/2013-14/218 DBOD.BP.BC.No. 49/21.04.018/2013-14 September 3, 2013 The Chairman and Managing Director/Chief Executive Officer of all Commercial Banks (Excluding Regional Rural Banks) Dear Sir Disclosure of customer complaints and unreconciled balances on account of ATM transactions Please refer to our circular DBOD.No.Leg BC.60/09.07.005/2006-07 dated February 22, 2007 on Analysis and Disclosure- Disclosure of Complaints / Unimplemented Awards of Banking Ombudsmen
RBI/2013-14/218 DBOD.BP.BC.No. 49/21.04.018/2013-14 September 3, 2013 The Chairman and Managing Director/Chief Executive Officer of all Commercial Banks (Excluding Regional Rural Banks) Dear Sir Disclosure of customer complaints and unreconciled balances on account of ATM transactions Please refer to our circular DBOD.No.Leg BC.60/09.07.005/2006-07 dated February 22, 2007 on Analysis and Disclosure- Disclosure of Complaints / Unimplemented Awards of Banking Ombudsmen
સપ્ટે 03, 2013
Housing Sector: Innovative Housing Loan Products - Upfront disbursal of housing loans
RBI/2013-14/217 DBOD.BP.BC.No. 51/08.12.015/2013-14 September 3, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Housing Sector: Innovative Housing Loan Products – Upfront disbursal of housing loans It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the disbursals to various stag
RBI/2013-14/217 DBOD.BP.BC.No. 51/08.12.015/2013-14 September 3, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Housing Sector: Innovative Housing Loan Products – Upfront disbursal of housing loans It has been observed that some banks have introduced certain innovative Housing Loan Schemes in association with developers/builders, e.g. upfront disbursal of sanctioned individual housing loans to the builders without linking the disbursals to various stag
સપ્ટે 03, 2013
Sharing of Information Technology Resources by Banks - Guidelines
RBI/2013-14/216 DIT.CO (Policy) No.674/09.63.025/2013-14 August 30, 2013 The Chairman/Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Sharing of Information Technology Resources by Banks - Guidelines Please refer to paragraph 101 of the Monetary Policy Statement 2013-14 wherein the need for banks to examine the issue of shared IT resources to optimise costs while maintaining the desired levels of efficiency and security has been
RBI/2013-14/216 DIT.CO (Policy) No.674/09.63.025/2013-14 August 30, 2013 The Chairman/Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Sharing of Information Technology Resources by Banks - Guidelines Please refer to paragraph 101 of the Monetary Policy Statement 2013-14 wherein the need for banks to examine the issue of shared IT resources to optimise costs while maintaining the desired levels of efficiency and security has been
સપ્ટે 03, 2013
Settlement of Claims of Deceased Depositor - Simplification of Procedure - Placing of claim forms on bank’s website
RBI/2013-14/214 DBOD.No.Leg.BC.48/09.07.005/2013-14 September 03, 2013 All Scheduled Commercial Banks(excluding RRBs) Dear Sir/Madam, Settlement of Claims of Deceased Depositor – Simplification of Procedure – Placing of claim forms on bank’s website Please refer to circular DBOD.No.Leg.BC.95 /09.07.005/2004-05 dated June 09, 2005 wherein simplified procedure has been specified for settlement of claims of deceased depositors. We have been receiving feedback from public
RBI/2013-14/214 DBOD.No.Leg.BC.48/09.07.005/2013-14 September 03, 2013 All Scheduled Commercial Banks(excluding RRBs) Dear Sir/Madam, Settlement of Claims of Deceased Depositor – Simplification of Procedure – Placing of claim forms on bank’s website Please refer to circular DBOD.No.Leg.BC.95 /09.07.005/2004-05 dated June 09, 2005 wherein simplified procedure has been specified for settlement of claims of deceased depositors. We have been receiving feedback from public
સપ્ટે 03, 2013
KYC Norms/AML Standards/Combating Financing of Terrorism/Obligation of Banks under PMLA, 2002 - Information sought by Banks from Customers
RBI/2013-14/213 DBOD. AML.BC. No. 50/14.01.001/2013-14 September 3, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under PMLA, 2002 – Information sought by banks from customers Please refer to the Master Circular DBOD.AML.BC. No. 24/14.01.001/2013
RBI/2013-14/213 DBOD. AML.BC. No. 50/14.01.001/2013-14 September 3, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under PMLA, 2002 – Information sought by banks from customers Please refer to the Master Circular DBOD.AML.BC. No. 24/14.01.001/2013
સપ્ટે 02, 2013
Base Rate - Revised Guidelines
RBI/2013-14/211 DBOD.No.Dir. BC.47/13.03.00/ 2013-14 September 2 , 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Base Rate – Revised Guidelines Please refer to our circular DBOD. No. Dir. BC. 88/ 13.03.00/ 2009-10 dated April 9, 2010 whereby banks were advised to switch over to the Base Rate system for calculation of their lending rates with effect from July 1, 2010. In terms of paragraph 2(iii) thereof, in order to give banks some time to stabi
RBI/2013-14/211 DBOD.No.Dir. BC.47/13.03.00/ 2013-14 September 2 , 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Base Rate – Revised Guidelines Please refer to our circular DBOD. No. Dir. BC. 88/ 13.03.00/ 2009-10 dated April 9, 2010 whereby banks were advised to switch over to the Base Rate system for calculation of their lending rates with effect from July 1, 2010. In terms of paragraph 2(iii) thereof, in order to give banks some time to stabi
સપ્ટે 02, 2013
KYC Norms/AML Standards/Combating Financing of Terrorism (CFT)/Obligation of Banks under PMLA, 2002 - e-KYC Service of UIDAI - Recognising on-line Aadhaar authentication to be accepted as an ‘Officially Valid Document’ under PML Rules
RBI/2013-14/209 DBOD.AML.BC.No.44/14.01.001/2013-14 September 2, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 – e-KYC Service of UIDAI – Recognising on-line Aadhaar authentication (electronic
RBI/2013-14/209 DBOD.AML.BC.No.44/14.01.001/2013-14 September 2, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 – e-KYC Service of UIDAI – Recognising on-line Aadhaar authentication (electronic
સપ્ટે 02, 2013
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List
RBI/2013-14/208 DBOD. AML.No.3316/14.06.001/2013-14 September 2, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBOD. AML No. 2406/14.06.001/2013-14 dated August 14, 2013 on the captioned subject releasing 19th update (copy
RBI/2013-14/208 DBOD. AML.No.3316/14.06.001/2013-14 September 2, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List Please refer to our circular DBOD. AML No. 2406/14.06.001/2013-14 dated August 14, 2013 on the captioned subject releasing 19th update (copy
સપ્ટે 02, 2013
Foreign students studying in India - KYC procedure for opening of bank accounts
RBI/2013-14/210 DBOD.AML.BC.No.45/14.01.001/2013-14 September 2, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Foreign students studying in India – KYC procedure for opening of bank accounts It has been represented to us that foreign students arriving in India are facing difficulties in complying with the Know Your Customer (KYC) norms while opening a bank account due to non-ava
RBI/2013-14/210 DBOD.AML.BC.No.45/14.01.001/2013-14 September 2, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Foreign students studying in India – KYC procedure for opening of bank accounts It has been represented to us that foreign students arriving in India are facing difficulties in complying with the Know Your Customer (KYC) norms while opening a bank account due to non-ava
ઑગસ્ટ 30, 2013
Donations to Trusts and Institutions where Directors, their relatives hold position or are interested
RBI/2013-14/205 UBD.BPD.(PCB).Cir. No. 7/09.72.000//2013-14 August 30, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/Madam, Donations to Trusts and Institutions where Directors, their relatives hold position or are interested Please refer to our Circular UBD (PCB)/BPD/Cir.43/09.72.00/2004-05 dated April 11, 2005, in terms of which Urban Co-operative Banks (UCBs) were advised that the normal donations to be made during a year should b
RBI/2013-14/205 UBD.BPD.(PCB).Cir. No. 7/09.72.000//2013-14 August 30, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/Madam, Donations to Trusts and Institutions where Directors, their relatives hold position or are interested Please refer to our Circular UBD (PCB)/BPD/Cir.43/09.72.00/2004-05 dated April 11, 2005, in terms of which Urban Co-operative Banks (UCBs) were advised that the normal donations to be made during a year should b
ઑગસ્ટ 23, 2013
Investment portfolio of banks - Classification, Valuation and Provisioning
RBI/2013-14/198 DBOD.BP.BC.No. 41/21.04.141/2013-14 August 23, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Investment portfolio of banks – Classification, Valuation and Provisioning Please refer to our Circular DBOD.No.BP.BC.92/21.04.141/2012-13 dated May 15, 2013 on ‘SLR Holdings under Held to Maturity Category’ in terms of which banks are permitted to exceed the limit of 25 per cent of total investments under the Held to Maturity (HTM) category pr
RBI/2013-14/198 DBOD.BP.BC.No. 41/21.04.141/2013-14 August 23, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Investment portfolio of banks – Classification, Valuation and Provisioning Please refer to our Circular DBOD.No.BP.BC.92/21.04.141/2012-13 dated May 15, 2013 on ‘SLR Holdings under Held to Maturity Category’ in terms of which banks are permitted to exceed the limit of 25 per cent of total investments under the Held to Maturity (HTM) category pr
ઑગસ્ટ 14, 2013
FCNR(B)/NRE Deposits - Exemption from Maintenance of CRR/SLR and exclusion from ANBC for Priority Sector Lending
RBI/2013-14/184 Ref: DBOD.No.Ret.BC. 36/12.01.001/2013-14 August 14, 2013 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 and Section 24 of the Banking Regulation Act, 1949 - FCNR(B)/NRE deposits - exemption from maintenance of CRR/SLR and exclusion from ANBC for Priority Sector Lending At present, banks are required to include all Foreign Currency Non-Resident Bank [FCNR (B)] and Non-Resid
RBI/2013-14/184 Ref: DBOD.No.Ret.BC. 36/12.01.001/2013-14 August 14, 2013 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 and Section 24 of the Banking Regulation Act, 1949 - FCNR(B)/NRE deposits - exemption from maintenance of CRR/SLR and exclusion from ANBC for Priority Sector Lending At present, banks are required to include all Foreign Currency Non-Resident Bank [FCNR (B)] and Non-Resid
ઑગસ્ટ 14, 2013
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List and Consolidated List
RBI/2013-14/182 DBOD. AML.No. 2406/14.06.001/2013-14 August 14, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List and Consolidated List Please refer to our circular DBOD. AML No. 14982/14.06.001/2012-13 dated April 17, 2013 on the captioned subject. We hav
RBI/2013-14/182 DBOD. AML.No. 2406/14.06.001/2013-14 August 14, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List and Consolidated List Please refer to our circular DBOD. AML No. 14982/14.06.001/2012-13 dated April 17, 2013 on the captioned subject. We hav
ઑગસ્ટ 14, 2013
Interest Rates on FCNR(B) Deposits
RBI/ 2013-14/185 DBOD.Dir.BC.38/13.03.00/2013-14 August 14 , 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Interest Rates on FCNR(B) Deposits Please refer to our circular No.DBOD.Dir.BC.102/13.03.00/2011-12 dated May 4, 2012 on Interest Rates on Deposits held in FCNR(B) Accounts. In view of the prevailing market conditions, it has been decided that until further notice and with effect from the close of business in India as on August 14, 2013, the
RBI/ 2013-14/185 DBOD.Dir.BC.38/13.03.00/2013-14 August 14 , 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Interest Rates on FCNR(B) Deposits Please refer to our circular No.DBOD.Dir.BC.102/13.03.00/2011-12 dated May 4, 2012 on Interest Rates on Deposits held in FCNR(B) Accounts. In view of the prevailing market conditions, it has been decided that until further notice and with effect from the close of business in India as on August 14, 2013, the
ઑગસ્ટ 14, 2013
Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits
RBI/2013-14/186 DBOD.Dir.BC. 40 /13.03.00/2013-14 August 14, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular DBOD.Dir.BC.64/13.03.00/2011-12 dated December 16, 2011 on Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non- Resident (NRO) Accounts. 2. In terms of para 2 ibid, interest rates offered
RBI/2013-14/186 DBOD.Dir.BC. 40 /13.03.00/2013-14 August 14, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam, Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular DBOD.Dir.BC.64/13.03.00/2011-12 dated December 16, 2011 on Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non- Resident (NRO) Accounts. 2. In terms of para 2 ibid, interest rates offered
ઑગસ્ટ 01, 2013
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1988 (2011) Sanctions List - UCBs
RBI/2013-14/170 UBD BPD (PCB) Cir. No.3/14.01.062/2013-14 August 1, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1988 (2011) Sanctions List - Primary (Urban) Co-operative Banks Please refer to our circular UBD.BPD.(PCB).Cir.No.23/14.01.062/2012-13 dated November 2, 2012 on the captioned subject.@@NBSP@@ We have since received from the Ministry of External A
RBI/2013-14/170 UBD BPD (PCB) Cir. No.3/14.01.062/2013-14 August 1, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1988 (2011) Sanctions List - Primary (Urban) Co-operative Banks Please refer to our circular UBD.BPD.(PCB).Cir.No.23/14.01.062/2012-13 dated November 2, 2012 on the captioned subject.@@NBSP@@ We have since received from the Ministry of External A
જુલાઈ 30, 2013
First Quarter Review of Monetary Policy 2013-14
By Dr. D. Subbarao Governor Introduction Since early May when the Reserve Bank issued its Monetary Policy Statement for 2013-14, global growth has been uneven and slower than initially expected. The tail risks to global recovery had eased in the early part of the year, but that improvement was overtaken by the turmoil in financial markets because of the ‘announcement effect’ of the likely tapering of quantitative easing (QE) by the US Fed. In advanced economies (AEs),
By Dr. D. Subbarao Governor Introduction Since early May when the Reserve Bank issued its Monetary Policy Statement for 2013-14, global growth has been uneven and slower than initially expected. The tail risks to global recovery had eased in the early part of the year, but that improvement was overtaken by the turmoil in financial markets because of the ‘announcement effect’ of the likely tapering of quantitative easing (QE) by the US Fed. In advanced economies (AEs),
જુલાઈ 26, 2013
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1988(2011) Sanctions List
RBI/2013-14/162 DBOD. AML. No. 1416 /14.06.001/2013-14 July 26, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1988(2011) Sanctions List Please refer to our circular DBOD. AML. No. 6328 /14.06.001/2012-13 dated October 29, 2012 on the captioned subject. We have since received from Government of India, Ministry
RBI/2013-14/162 DBOD. AML. No. 1416 /14.06.001/2013-14 July 26, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1988(2011) Sanctions List Please refer to our circular DBOD. AML. No. 6328 /14.06.001/2012-13 dated October 29, 2012 on the captioned subject. We have since received from Government of India, Ministry
જુલાઈ 23, 2013
KYC Norms AML Standards/Combating Financing of Terrorism/Obligation of banks under PMLA, 2002 - Simplifying norms for Periodical Updation of KYC
RBI/2013-14/150 DBOD.AML.BC. No. 34/14.01.001/2013-14 July 23, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying norms for Periodical Updation of KYC Please refer to paragraph 2.4 (k)
RBI/2013-14/150 DBOD.AML.BC. No. 34/14.01.001/2013-14 July 23, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying norms for Periodical Updation of KYC Please refer to paragraph 2.4 (k)
જુલાઈ 23, 2013
Change in Daily Minimum Cash Reserve Maintenance Requirement
RBI/2013-14/154 DBOD.No.Ret.BC.35/12.01.001/2013-14 July 23, 2013 To All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to Press Release 2013-2014/154 dated July 23, 2013 announcing additional measures to address exchange market volatility. 2. As mentioned therein, currently, banks are allowed to maintain a minimum of
RBI/2013-14/154 DBOD.No.Ret.BC.35/12.01.001/2013-14 July 23, 2013 To All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to Press Release 2013-2014/154 dated July 23, 2013 announcing additional measures to address exchange market volatility. 2. As mentioned therein, currently, banks are allowed to maintain a minimum of
જુલાઈ 17, 2013
Maintenance of SLR - MSF
RBI/2013-14/144 DBOD.No.Ret.BC. 33/12.02.001/2013-14 July 17, 2013 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) Please refer to our circular DBOD.No.Ret.BC.95 /12.02.001/2011-12 dated April 17, 2012 wherein it was advised that Scheduled Commercial Banks (SCBs) may borrow overnight up to 2 per cent of their resp
RBI/2013-14/144 DBOD.No.Ret.BC. 33/12.02.001/2013-14 July 17, 2013 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) Please refer to our circular DBOD.No.Ret.BC.95 /12.02.001/2011-12 dated April 17, 2012 wherein it was advised that Scheduled Commercial Banks (SCBs) may borrow overnight up to 2 per cent of their resp
જુલાઈ 15, 2013
Unsolicited Commercial Communications - National Customer Preference Register (NCPR)
RBI/2013-14/136 DBOD.No.FSD.BC.30/24.01.001/2013-14 July 15, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Unsolicited Commercial Communications – National Customer Preference Register (NCPR) Please refer to our circular Nos. DBOD.FSD.BC.49/24.01.011/2005-06 dated November 21, 2005, DBOD.FSD.BC.19/24.01.011/2007-08 dated July 3, 2007, DBOD.FSD.BC.35/24.01.011/2007-08 dated October 19, 2007 and DBOD.No.FSD. BC.45/24.01.011/2008-09 dated Septembe
RBI/2013-14/136 DBOD.No.FSD.BC.30/24.01.001/2013-14 July 15, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Unsolicited Commercial Communications – National Customer Preference Register (NCPR) Please refer to our circular Nos. DBOD.FSD.BC.49/24.01.011/2005-06 dated November 21, 2005, DBOD.FSD.BC.19/24.01.011/2007-08 dated July 3, 2007, DBOD.FSD.BC.35/24.01.011/2007-08 dated October 19, 2007 and DBOD.No.FSD. BC.45/24.01.011/2008-09 dated Septembe
જુલાઈ 15, 2013
Auction for Sale (Re-issue) of ‘8.28 per cent Government Stock, 2032’
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated July 15, 2013 NOTIFICATION Auction for Sale (Re-issue) of ‘8.28 per cent Government Stock, 2032’ F. No.4 (5)-W&M/2012(ii): Government of India hereby notifies sale (re-issue) of ‘8.28 per cent Government Stock, 2032’ (hereinafter called 'the Stock') for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt o
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated July 15, 2013 NOTIFICATION Auction for Sale (Re-issue) of ‘8.28 per cent Government Stock, 2032’ F. No.4 (5)-W&M/2012(ii): Government of India hereby notifies sale (re-issue) of ‘8.28 per cent Government Stock, 2032’ (hereinafter called 'the Stock') for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt o
જુલાઈ 15, 2013
Bank Rate
RBI/2013-14/138 Ref : DBOD.No.Ret.BC. 31/12.01.001/2013-14 July 15, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Press Release 2013-2014/100 dated July 15, 2013, the Bank Rate stands adjusted by 200 basis points from 8.25 per cent to 10.25 per cent with effect from July 15, 2013. 2.@@NBSP@@ All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revi
RBI/2013-14/138 Ref : DBOD.No.Ret.BC. 31/12.01.001/2013-14 July 15, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Press Release 2013-2014/100 dated July 15, 2013, the Bank Rate stands adjusted by 200 basis points from 8.25 per cent to 10.25 per cent with effect from July 15, 2013. 2.@@NBSP@@ All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revi
જુલાઈ 15, 2013
Revision in Bank Rate
RBI/2013-14/139 UBD BPD (PCB) Cir. No.1/16.11.00/2013-14 July 15, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Revision in Bank Rate Please refer to our circular UBD BPD (PCB) Cir. No.48/16.11.00/2012-13 dated May 03, 2013 on the captioned subject.@@NBSP@@ As announced in the Press Release 2013-2014/100 dated July 15, 2013, the Bank Rate stands revised by 200 basis points from 8.25 per cent to 10.25 per cent with effect fro
RBI/2013-14/139 UBD BPD (PCB) Cir. No.1/16.11.00/2013-14 July 15, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Revision in Bank Rate Please refer to our circular UBD BPD (PCB) Cir. No.48/16.11.00/2012-13 dated May 03, 2013 on the captioned subject.@@NBSP@@ As announced in the Press Release 2013-2014/100 dated July 15, 2013, the Bank Rate stands revised by 200 basis points from 8.25 per cent to 10.25 per cent with effect fro
જુલાઈ 12, 2013
Know Your Customer Norms/Anti-Money Laundering Standards/Combating of Financing of Terrorism/Obligations under PMLA, 2002
RBI/2013-14/135 DBOD.AML.BC.No.29 /14.01.001/2013-14 July 12, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligations under Prevention of Money Laundering Act (PMLA), 2002 We invite a reference to paragraph 89 (extracts enclosed) of the Monetary Policy Statement 2013
RBI/2013-14/135 DBOD.AML.BC.No.29 /14.01.001/2013-14 July 12, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligations under Prevention of Money Laundering Act (PMLA), 2002 We invite a reference to paragraph 89 (extracts enclosed) of the Monetary Policy Statement 2013
જુલાઈ 04, 2013
Anti-Money Laundering/Combating of Financing of Terrorism - Standards
RBI/2013-14/120 DBOD. AML.No. 314/14.01.001/2013-14 July 4, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter DBOD. AML.No.12913/14.01.001/ 2012-13 dated March 11, 2013 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action Task
RBI/2013-14/120 DBOD. AML.No. 314/14.01.001/2013-14 July 4, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter DBOD. AML.No.12913/14.01.001/ 2012-13 dated March 11, 2013 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action Task
જુલાઈ 02, 2013
Capital Requirements for Banks’ Exposures to Central Counterparties
RBI/2013-14/113 DBOD.No.BP.BC.28 /21.06.201/2013-14 July 2, 2013 The Chairman and Managing Director/ Chief Executives Officer of All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam / Dear Sir, Capital Requirements for Banks’ Exposures to Central Counterparties Please refer to the paragraph 77 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. It was indicated therein that the final guidelines on capital requirem
RBI/2013-14/113 DBOD.No.BP.BC.28 /21.06.201/2013-14 July 2, 2013 The Chairman and Managing Director/ Chief Executives Officer of All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam / Dear Sir, Capital Requirements for Banks’ Exposures to Central Counterparties Please refer to the paragraph 77 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. It was indicated therein that the final guidelines on capital requirem
જુલાઈ 01, 2013
Revision to the Guidelines on Securitisation Transactions-Reset of Credit Enhancement
RBI/2013-14/111 DBOD.No.BP.BC- 25/21.04.177/2013-14 July 1, 2013 The Chairman and Managing Director / Chief Executive Officer of All Scheduled Commercial Banks (Excluding RRBs and Local Area Banks) and All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Revision to the Guidelines on Securitisation Transactions-Reset of Credit Enhancement Please refer to the Paragraph 83 (extract enclosed) of the Monetary Policy Statement 20
RBI/2013-14/111 DBOD.No.BP.BC- 25/21.04.177/2013-14 July 1, 2013 The Chairman and Managing Director / Chief Executive Officer of All Scheduled Commercial Banks (Excluding RRBs and Local Area Banks) and All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Revision to the Guidelines on Securitisation Transactions-Reset of Credit Enhancement Please refer to the Paragraph 83 (extract enclosed) of the Monetary Policy Statement 20
જુલાઈ 01, 2013
Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges
RBI/2013-14/110 DBOD. No. Dir. BC.26/13.03.00/2013-14 July 1, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges Please refer to paragraph 74 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on ‘Recommendations of Damodaran Committee- Uniformity in Intersol Charges’. 2. In this connection, a reference is also invited
RBI/2013-14/110 DBOD. No. Dir. BC.26/13.03.00/2013-14 July 1, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Recommendations of Damodaran Committee on Customer Service in Banks- Uniformity in Intersol Charges Please refer to paragraph 74 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on ‘Recommendations of Damodaran Committee- Uniformity in Intersol Charges’. 2. In this connection, a reference is also invited
જુલાઈ 01, 2013
Submission of Credit Information to Credit Information Companies - Withdrawal of ‘consent clause’
RBI/2013-14/112 DBOD No. CID. BC. 27/20.16.042/2013-14 July 1, 2013 The Chairmen / Managing Directors / CEOs All Scheduled Commercial Banks (excluding RRBs) & All India Financial Institutions Dear Sir/Madam, Submission of Credit Information to Credit Information Companies - Withdrawal of ‘consent clause’ Please refer to our circulars (i) DBOD.No.BC.DL.4/20.16.002/99-2000 dated October 21, 1999 (ii) DBOD.No.DL.BC.29 /20.16.002/2002-03 dated October 1, 2002 and othe
RBI/2013-14/112 DBOD No. CID. BC. 27/20.16.042/2013-14 July 1, 2013 The Chairmen / Managing Directors / CEOs All Scheduled Commercial Banks (excluding RRBs) & All India Financial Institutions Dear Sir/Madam, Submission of Credit Information to Credit Information Companies - Withdrawal of ‘consent clause’ Please refer to our circulars (i) DBOD.No.BC.DL.4/20.16.002/99-2000 dated October 21, 1999 (ii) DBOD.No.DL.BC.29 /20.16.002/2002-03 dated October 1, 2002 and othe
જૂન 28, 2013
Financing of Infrastructure - Definition of 'Infrastructure Lending'
RBI/2012-13/561 DBOD.BP.BC.No. 106/ 08.12.014 / 2012-13 June 28, 2013 All Scheduled Commercial Banks (excluding RRBs) and All India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir, Financing of Infrastructure - Definition of 'Infrastructure Lending' Please refer to our circular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012 on ‘Definition of Infrastructure Lending’, whereby our definition of Infrastructure Lending was
RBI/2012-13/561 DBOD.BP.BC.No. 106/ 08.12.014 / 2012-13 June 28, 2013 All Scheduled Commercial Banks (excluding RRBs) and All India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir, Financing of Infrastructure - Definition of 'Infrastructure Lending' Please refer to our circular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012 on ‘Definition of Infrastructure Lending’, whereby our definition of Infrastructure Lending was
જૂન 27, 2013
Bonds issued by State Distribution Companies (Discoms) - Guidelines on Valuation
RBI/2012-13/555 DBOD.BP.BC.No.105/21.04.132/2012-13@@NBSP@@ June 27, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Bonds issued by State Distribution Companies (Discoms) – Guidelines on Valuation Government of India had formulated and approved a Scheme for Financial Restructuring of State Owned Power Discoms to enable their turnaround and ensure their long term viability (Ministry of Power, GoI Office Memorandum No.20/11/2012-APDRP dated October 5, 20
RBI/2012-13/555 DBOD.BP.BC.No.105/21.04.132/2012-13@@NBSP@@ June 27, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Bonds issued by State Distribution Companies (Discoms) – Guidelines on Valuation Government of India had formulated and approved a Scheme for Financial Restructuring of State Owned Power Discoms to enable their turnaround and ensure their long term viability (Ministry of Power, GoI Office Memorandum No.20/11/2012-APDRP dated October 5, 20
જૂન 27, 2013
Raising Money through Private Placement by NBFCs-Debentures etc.
RBI/2012-13/560 DNBD(PD) CC No. 330/03.10.001/2012-13 June 27, 2013 All NBFCs (including PDs) Dear Sirs Raising Money through Private Placement by NBFCs-Debentures etc. NBFCs raise money by issuing capital/debt securities including debentures by way of public issue or private placement. In the case of public issue of such securities, institutions and retail investors can participate. Private placement, on the other hand, may involve institutional investors. It has how
RBI/2012-13/560 DNBD(PD) CC No. 330/03.10.001/2012-13 June 27, 2013 All NBFCs (including PDs) Dear Sirs Raising Money through Private Placement by NBFCs-Debentures etc. NBFCs raise money by issuing capital/debt securities including debentures by way of public issue or private placement. In the case of public issue of such securities, institutions and retail investors can participate. Private placement, on the other hand, may involve institutional investors. It has how
જૂન 26, 2013
Business Continuity Planning (BCP), Vulnerability Assessment and Penetration Tests (VAPT) and Information Security
RBI/2012-13/547 DIT.CO(Policy)No. 2636/09.63.025/2012-13 June 26, 2013 The Chairmen/Chief Executive Officers, All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Business Continuity Planning (BCP), Vulnerability Assessment and Penetration Tests (VAPT) and Information Security Please refer paragraph 102 of the Monetary Policy Statement 2013-14 wherein we have emphasised the importance of securing the Information Systems (IS) of banks. In order for banks to
RBI/2012-13/547 DIT.CO(Policy)No. 2636/09.63.025/2012-13 June 26, 2013 The Chairmen/Chief Executive Officers, All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Business Continuity Planning (BCP), Vulnerability Assessment and Penetration Tests (VAPT) and Information Security Please refer paragraph 102 of the Monetary Policy Statement 2013-14 wherein we have emphasised the importance of securing the Information Systems (IS) of banks. In order for banks to
જૂન 25, 2013
Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2012-13
DBS.ARS.No.BC. 08/ 08.92.001/ 2012-13 June 25, 2013 The Chairman & Managing Director, all Nationalised Banks and The Managing Director, Associate Banks of SBI Dear Sir, Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2012-13 Please refer to instructions contained in our circulars DBS.ARS.No.BC.08 / 08.92.001/ 2006-07 dated June 6, 2007, DBS.ARS.BC. No. 3/ 08.92.001/ 2007-08 dated July 25, 2007, DBS.ARS.BC. No.
DBS.ARS.No.BC. 08/ 08.92.001/ 2012-13 June 25, 2013 The Chairman & Managing Director, all Nationalised Banks and The Managing Director, Associate Banks of SBI Dear Sir, Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2012-13 Please refer to instructions contained in our circulars DBS.ARS.No.BC.08 / 08.92.001/ 2006-07 dated June 6, 2007, DBS.ARS.BC. No. 3/ 08.92.001/ 2007-08 dated July 25, 2007, DBS.ARS.BC. No.
જૂન 21, 2013
Housing Sector: New sub-sector CRE (Residential Housing) within CRE and Rationalisation of provisioning, risk-weight and LTV ratios
RBI/2012-13/538 DBOD.BP.BC.No. 104/08.12.015/2012-13 June 21, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Housing Sector: New sub-sector CRE (Residential Housing) within CRE & Rationalisation of provisioning, risk-weight and LTV ratios Please refer to paragraph 82 of the Monetary Policy Statement 2013-14 (extract enclosed) on ‘Commercial Real Estate - Residential Housing: Prudential Norms’, announced on May 3, 2013, wherein it was stated that a
RBI/2012-13/538 DBOD.BP.BC.No. 104/08.12.015/2012-13 June 21, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Housing Sector: New sub-sector CRE (Residential Housing) within CRE & Rationalisation of provisioning, risk-weight and LTV ratios Please refer to paragraph 82 of the Monetary Policy Statement 2013-14 (extract enclosed) on ‘Commercial Real Estate - Residential Housing: Prudential Norms’, announced on May 3, 2013, wherein it was stated that a
જૂન 20, 2013
Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu of shortfall in achievement of priority sector lending targets/sub-targets
RBI/2012-13/536 DBOD.BP.BC. No.103/21.06.001/2012-13 June 20, 2013 The Chairman and Managing Director/ Chief Executive Officer of All Commercial Banks (excluding LABs and RRBs) Dear Sir Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu of shortfall in achievement of priority sector lending targets/sub-targets It has been observed that there is a lack of uniformity among banks in application of risk weights on claims on deposits placed with NABARD/SIDBI/NHB
RBI/2012-13/536 DBOD.BP.BC. No.103/21.06.001/2012-13 June 20, 2013 The Chairman and Managing Director/ Chief Executive Officer of All Commercial Banks (excluding LABs and RRBs) Dear Sir Risk Weights on deposits placed with NABARD/SIDBI/NHB in lieu of shortfall in achievement of priority sector lending targets/sub-targets It has been observed that there is a lack of uniformity among banks in application of risk weights on claims on deposits placed with NABARD/SIDBI/NHB
જૂન 18, 2013
Prudential Norms for Off-balance Sheet Exposures of Banks - Deferment of Option Premium
RBI/2012-13/535 DBOD.No.BP.BC.102/21.04.157/2012-13 June 18, 2013 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs) & All India Term-Lending & Refinancing Institutions Madam / Sir, Prudential Norms for Off-balance Sheet Exposures of Banks – Deferment of Option Premium Banks are permitted to defer, at their discretion, the premium on plain vanilla options sold by them to users subject to ce
RBI/2012-13/535 DBOD.No.BP.BC.102/21.04.157/2012-13 June 18, 2013 The Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs and LABs) & All India Term-Lending & Refinancing Institutions Madam / Sir, Prudential Norms for Off-balance Sheet Exposures of Banks – Deferment of Option Premium Banks are permitted to defer, at their discretion, the premium on plain vanilla options sold by them to users subject to ce
જૂન 17, 2013
Review of Prudential Guidelines on Restructuring of Advances by Financial Institutions (FIs)
RBI/2012-13/534 DBOD.FID.FIC.No.5/01.02.00 /2012-13 June 17, 2013 The CEOs of All-India Term-Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Review of Prudential Guidelines on Restructuring of Advances by Financial Institutions (FIs) In continuation of our letter DBOD.FID.FIC.No.6/01.02.00/2010-11 dated October 14, 2010 on the captioned subject, please find enclosed circular DBOD.BP.BC.No.99/ 21.04.132/2012-13 dated May 30, 2013 and t
RBI/2012-13/534 DBOD.FID.FIC.No.5/01.02.00 /2012-13 June 17, 2013 The CEOs of All-India Term-Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Review of Prudential Guidelines on Restructuring of Advances by Financial Institutions (FIs) In continuation of our letter DBOD.FID.FIC.No.6/01.02.00/2010-11 dated October 14, 2010 on the captioned subject, please find enclosed circular DBOD.BP.BC.No.99/ 21.04.132/2012-13 dated May 30, 2013 and t
જૂન 07, 2013
Legal Audit of title documents in respect of large value loan accounts
RBI /2012-13/524 DBS.FrMC.BC.No.7/23.04.001/2012-13 June 07, 2013 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir/Madam, Legal Audit of title documents in respect of large value loan accounts Please refer to para 3.1 of our circular DBS.CO. FrMC. BC .No. 11/ 23.0.001/ 2010-11 dated June 30, 2011 requiring banks to put in place a system wherein the concurrent auditors we
RBI /2012-13/524 DBS.FrMC.BC.No.7/23.04.001/2012-13 June 07, 2013 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir/Madam, Legal Audit of title documents in respect of large value loan accounts Please refer to para 3.1 of our circular DBS.CO. FrMC. BC .No. 11/ 23.0.001/ 2010-11 dated June 30, 2011 requiring banks to put in place a system wherein the concurrent auditors we
જૂન 03, 2013
Implementation of Section 51-A of UAPA, 1967 - Updates of the UNSCR 1267 (1999) /1989 (2011) Committee’s Al-Qaida Sanctions List and Consolidated List - Primary (Urban) Co-operative Banks
RBI/2012-2013/518 UBD.BPD (PCB) Cir. No. 52 /14.01.062/2012-13 May 31, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267 (1999) /1989 (2011) Committee’s Al-Qaida Sanctions List and Consolidated List – Primary (Urban) Co-operative Banks Please refer to our circular UBD. BPD. (PCB) Cir. No. 47/ 14.01.062/ 2012-13 dated April 4, 2013 on the captioned subject.
RBI/2012-2013/518 UBD.BPD (PCB) Cir. No. 52 /14.01.062/2012-13 May 31, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Implementation of Section 51-A of UAPA, 1967 – Updates of the UNSCR 1267 (1999) /1989 (2011) Committee’s Al-Qaida Sanctions List and Consolidated List – Primary (Urban) Co-operative Banks Please refer to our circular UBD. BPD. (PCB) Cir. No. 47/ 14.01.062/ 2012-13 dated April 4, 2013 on the captioned subject.
મે 31, 2013
Acknowledgement by banks at the time of submission of Form 15-G / 15-H
RBI/2012-13/516 DBOD.No.Leg.BC.100/09.07.005/2012-13 May 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Acknowledgement by banks at the time of submission of Form 15-G / 15-H As you are aware banks are not required to deduct TDS from depositors who submit declaration in Form 15-G/15-H under Income Tax Rules, 1962. However, it has been brought to our notice that despite submission of Form 15-G/15-H by customers, banks are deducting tax at sour
RBI/2012-13/516 DBOD.No.Leg.BC.100/09.07.005/2012-13 May 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Acknowledgement by banks at the time of submission of Form 15-G / 15-H As you are aware banks are not required to deduct TDS from depositors who submit declaration in Form 15-G/15-H under Income Tax Rules, 1962. However, it has been brought to our notice that despite submission of Form 15-G/15-H by customers, banks are deducting tax at sour
મે 31, 2013
KYC/AML/CFT Guidelines - Unique Customer Identification Code for banks’ customers in India
RBI/2012-13/515 DBOD. AML.BC. No. 101/14.01.001/2012-13 May 31, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks’ customers in India Please refer to our circular DBOD. AML.BC. No.109/14.01.001/2011-12 dated June 08, 2012,
RBI/2012-13/515 DBOD. AML.BC. No. 101/14.01.001/2012-13 May 31, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks’ customers in India Please refer to our circular DBOD. AML.BC. No.109/14.01.001/2011-12 dated June 08, 2012,
મે 30, 2013
Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions
RBI/2012-13/514 DBOD.BP.BC.No. 99/21.04.132/2012-13 May 30, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions As indicated in paragraph 81 (extract enclosed) of the Monetary Policy Statement 2013-14 announced on May 3, 2013, ‘Prudential guidelines on restructuring of advances by banks / financial institutions’ have been revised taking into account the recommen
RBI/2012-13/514 DBOD.BP.BC.No. 99/21.04.132/2012-13 May 30, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Review of Prudential Guidelines on Restructuring of Advances by Banks and Financial Institutions As indicated in paragraph 81 (extract enclosed) of the Monetary Policy Statement 2013-14 announced on May 3, 2013, ‘Prudential guidelines on restructuring of advances by banks / financial institutions’ have been revised taking into account the recommen
મે 28, 2013
Guidelines on Composition of Capital Disclosure Requirements
RBI/2012-13/512 DBOD.No.BP.BC.98/21.06.201/2012-13 May 28, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Sir, Guidelines on Composition of Capital Disclosure Requirements Please refer to the paragraph 77 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. It was indicated therein that the final guidelines on compos
RBI/2012-13/512 DBOD.No.BP.BC.98/21.06.201/2012-13 May 28, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Sir, Guidelines on Composition of Capital Disclosure Requirements Please refer to the paragraph 77 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. It was indicated therein that the final guidelines on compos
મે 28, 2013
Branch Authorisation Policy- Front Loading of branches in unbanked rural centres
RBI/2012-13/511 DBOD.NO.BAPD.BC. 97/22.01.001/2012-13 May 28, 2013 Jyeshtha 7, 1934 (Saka) All Domestic Scheduled Commercial Banks (excluding RRBs) Madam/Dear Sir, Branch Authorisation Policy- Front Loading of branches in unbanked rural centres Please refer to paragraph 96 of Monetary Policy Statement 2013-14 (extract enclosed) on the above subject. As stated therein, branch expansion in rural areas is essential to address the existing asymmetries in achieving financi
RBI/2012-13/511 DBOD.NO.BAPD.BC. 97/22.01.001/2012-13 May 28, 2013 Jyeshtha 7, 1934 (Saka) All Domestic Scheduled Commercial Banks (excluding RRBs) Madam/Dear Sir, Branch Authorisation Policy- Front Loading of branches in unbanked rural centres Please refer to paragraph 96 of Monetary Policy Statement 2013-14 (extract enclosed) on the above subject. As stated therein, branch expansion in rural areas is essential to address the existing asymmetries in achieving financi
મે 27, 2013
Lending against Gold
RBI/2012-13/509 DBOD. No. Dir. BC. 96/13.03.00/2012-13 May 27, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Lending against Gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing up to 50 gms. 2. As per extant instructions contained in our ci
RBI/2012-13/509 DBOD. No. Dir. BC. 96/13.03.00/2012-13 May 27, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Lending against Gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing up to 50 gms. 2. As per extant instructions contained in our ci
મે 27, 2013
Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Parallel Run and Prudential Floor
RBI/2012-13/508 DBOD.BP.BC. No.95/21.06.001/2012-13 May 27, 2013 The Chairman and Managing Director/ Chief Executive Officer of All Scheduled Commercial Banks (excluding LABs and RRBs) Dear Sir Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Parallel Run and Prudential Floor Please refer to our circular DBOD.BP.BC.No.71/21.06.001/2010-11 dated December 31, 2010 on the above subject, in terms of which banks were
RBI/2012-13/508 DBOD.BP.BC. No.95/21.06.001/2012-13 May 27, 2013 The Chairman and Managing Director/ Chief Executive Officer of All Scheduled Commercial Banks (excluding LABs and RRBs) Dear Sir Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Parallel Run and Prudential Floor Please refer to our circular DBOD.BP.BC.No.71/21.06.001/2010-11 dated December 31, 2010 on the above subject, in terms of which banks were
મે 23, 2013
Frauds - Classification and Reporting
RBI/2012-13/505 DBS.FrMC.BC.No. 6/23.04.001/2012-13 May 23, 2013 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir, Frauds – Classification and Reporting Please refer to Para 3.1.3 of circular DBS. FrMC. BC. No. 1/23.04.001/2012-13 dated July 02, 2012 i.e. the Master Circular on 'Frauds – Classification and Reporting' which requires commercial banks to furnish in hard cop
RBI/2012-13/505 DBS.FrMC.BC.No. 6/23.04.001/2012-13 May 23, 2013 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir, Frauds – Classification and Reporting Please refer to Para 3.1.3 of circular DBS. FrMC. BC. No. 1/23.04.001/2012-13 dated July 02, 2012 i.e. the Master Circular on 'Frauds – Classification and Reporting' which requires commercial banks to furnish in hard cop
મે 15, 2013
SLR Holdings under Held to Maturity Category
RBI/2012-13/501 DBOD.No.BP.BC.92/21.04.141/2012-13 May 15, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Monetary Policy Statement 2013-14 – SLR Holdings under Held to Maturity Category Please refer to paragraph 84 of the Monetary Policy Statement 2013-14 (extract enclosed) announced on May 3, 2013 on ‘SLR Holdings under Held to Maturity Category’. 2. In terms of our circular No.DBOD.BP.BC.37/21.04.141/2004-05 dated September 2, 2004 on Prudential Nor
RBI/2012-13/501 DBOD.No.BP.BC.92/21.04.141/2012-13 May 15, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Monetary Policy Statement 2013-14 – SLR Holdings under Held to Maturity Category Please refer to paragraph 84 of the Monetary Policy Statement 2013-14 (extract enclosed) announced on May 3, 2013 on ‘SLR Holdings under Held to Maturity Category’. 2. In terms of our circular No.DBOD.BP.BC.37/21.04.141/2004-05 dated September 2, 2004 on Prudential Nor
મે 03, 2013
Bank Rate
RBI/2012-13/488 DBOD.No.Ret.BC.91 /12.01.001/2012-13 May 3, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Annual Monetary Policy Statement 2013-14, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013. 2.@@NBSP@@ All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated in
RBI/2012-13/488 DBOD.No.Ret.BC.91 /12.01.001/2012-13 May 3, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Annual Monetary Policy Statement 2013-14, the Bank Rate stands adjusted by 25 basis points from 8.50 per cent to 8.25 per cent with effect from May 3, 2013. 2.@@NBSP@@ All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated in
મે 03, 2013
Monetary Policy Statement 2013-14
By Dr. D. Subbarao Governor Introduction The Annual Policy for 2013-14 is formulated in an environment of incipient signs of stabilisation in the global economy and prospects of a turnaround, albeit modest, in the domestic economy. 2. In the advanced economies (AEs), near-term risks have receded, aided by improving financial conditions and supportive macroeconomic policies. But this improvement is yet to fully transmit to economic activity which remains sluggish. Poli
By Dr. D. Subbarao Governor Introduction The Annual Policy for 2013-14 is formulated in an environment of incipient signs of stabilisation in the global economy and prospects of a turnaround, albeit modest, in the domestic economy. 2. In the advanced economies (AEs), near-term risks have receded, aided by improving financial conditions and supportive macroeconomic policies. But this improvement is yet to fully transmit to economic activity which remains sluggish. Poli
એપ્રિલ 17, 2013
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List and Consolidated List
RBI/2012-13/477 DBOD.AML.No.14982/14.06.001/2012-13 April 17, 2013 The Chairmen / CEOs of all Scheduled@@NBSP@@@@NBSP@@ Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List and Consolidated List Please refer to our circular DBOD. AML No. 8432/14.06.001/2012-13 dated December 12, 2012 on the captioned
RBI/2012-13/477 DBOD.AML.No.14982/14.06.001/2012-13 April 17, 2013 The Chairmen / CEOs of all Scheduled@@NBSP@@@@NBSP@@ Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List and Consolidated List Please refer to our circular DBOD. AML No. 8432/14.06.001/2012-13 dated December 12, 2012 on the captioned
એપ્રિલ 16, 2013
Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) - Risk Weights and Provisioning
RBI 2012-13/ 476 DBOD.No.BP.BC-90/21.04.048/2012-13 April 16, 2013 The Chairman and Managing Director/ Chief Executive Officer of All Scheduled Commercial Banks (excluding RRBs & LABs) Dear Sir, Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) @@NBSP@@– Risk Weights and Provisioning The Ministry of Housing & Urban Poverty Alleviation, Government of India has set up the CRGFTLIH vide their Notification No.O-17034/122/200
RBI 2012-13/ 476 DBOD.No.BP.BC-90/21.04.048/2012-13 April 16, 2013 The Chairman and Managing Director/ Chief Executive Officer of All Scheduled Commercial Banks (excluding RRBs & LABs) Dear Sir, Advances guaranteed by Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) @@NBSP@@– Risk Weights and Provisioning The Ministry of Housing & Urban Poverty Alleviation, Government of India has set up the CRGFTLIH vide their Notification No.O-17034/122/200
એપ્રિલ 04, 2013
AML/CFT - Standards - Primary (Urban) Co-operative Banks
RBI/2012-13/470 UBD.BPD (AD) Cir.No. 3/14.01.062/2012-13 April 4, 2013 The Chief Executive Officer of All AD Category I Primary (Urban) Co-operative Banks Madam/Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) – Standards – Primary (Urban) Co-operative Banks Please refer to our circular UBD.BPD (AD) Cir.No. 1/14.01.062/2012-13 dated August 3, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Finan
RBI/2012-13/470 UBD.BPD (AD) Cir.No. 3/14.01.062/2012-13 April 4, 2013 The Chief Executive Officer of All AD Category I Primary (Urban) Co-operative Banks Madam/Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) – Standards – Primary (Urban) Co-operative Banks Please refer to our circular UBD.BPD (AD) Cir.No. 1/14.01.062/2012-13 dated August 3, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Finan
એપ્રિલ 02, 2013
New Capital Adequacy Framework - Non-market related Off Balance Sheet Items- Bank Guarantees
RBI/2012-13/467 DBOD.No.BP.BC.89.21.04.009/2012-13 April 02, 2013 All Scheduled Commercial Banks (Excluding Local Area Banks & Regional Rural Banks) Dear Sir/ Madam, New Capital Adequacy Framework- Non-market related Off Balance Sheet Items- Bank Guarantees Please refer to the Master Circular DBOD.No.BP.BC.16/21.06.001/2012-13 dated July 2, 2012 on ‘Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF)’. Paragraph 5
RBI/2012-13/467 DBOD.No.BP.BC.89.21.04.009/2012-13 April 02, 2013 All Scheduled Commercial Banks (Excluding Local Area Banks & Regional Rural Banks) Dear Sir/ Madam, New Capital Adequacy Framework- Non-market related Off Balance Sheet Items- Bank Guarantees Please refer to the Master Circular DBOD.No.BP.BC.16/21.06.001/2012-13 dated July 2, 2012 on ‘Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF)’. Paragraph 5
માર્ચ 28, 2013
Guidelines on Implementation of Basel III Capital Regulations in India - Clarifications
RBI/2012-13/460 DBOD.No.BP.BC.88/21.06.201/2012-13 March 28, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Sir, Guidelines on Implementation of Basel III Capital Regulations in India - Clarifications Please refer to the ‘Guidelines on Basel III Capital Regulations’ issued vide circular DBOD.No.BP.BC.98/21.06.201/2011-12 dated May 2, 2012 on the impleme
RBI/2012-13/460 DBOD.No.BP.BC.88/21.06.201/2012-13 March 28, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Sir, Guidelines on Implementation of Basel III Capital Regulations in India - Clarifications Please refer to the ‘Guidelines on Basel III Capital Regulations’ issued vide circular DBOD.No.BP.BC.98/21.06.201/2011-12 dated May 2, 2012 on the impleme
માર્ચ 28, 2013
Know Your Customer Norms /Anti-Money Laundering Standards/Combating Financing of Terrorism/Obligation of Banks under PMLA, 2002 - Simplifying Norms for Self Help Groups
RBI/2012-13/459 DBOD.AML.BC. No.87/14.01.001/2012-13 March 28, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying norms for Self Help Groups Please refer to our circular DBOD.AML.BC. No
RBI/2012-13/459 DBOD.AML.BC. No.87/14.01.001/2012-13 March 28, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 - Simplifying norms for Self Help Groups Please refer to our circular DBOD.AML.BC. No
માર્ચ 22, 2013
Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 - Westpac Banking Corporation
RBI/2012-13/457 Ref: DBOD. No.Ret. BC.86/12.07.136/2012-13 March 22, 2013 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Westpac Banking Corporation We advise that the name of “Westpac Banking Corporation" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DBOD.IBD.No.8297/23.13.138/2012-13 dated December 10, 2012, published in the Gazette of India (Part II
RBI/2012-13/457 Ref: DBOD. No.Ret. BC.86/12.07.136/2012-13 March 22, 2013 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Westpac Banking Corporation We advise that the name of “Westpac Banking Corporation" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DBOD.IBD.No.8297/23.13.138/2012-13 dated December 10, 2012, published in the Gazette of India (Part II
માર્ચ 22, 2013
Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 - Sumitomo Mitsui Banking Corporation
RBI/2012-13/456 Ref: DBOD. No.Ret. BC. 85/12.07.137/2012-13 March 22, 2013 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Sumitomo Mitsui Banking Corporation We advise that the name of “Sumitomo Mitsui Banking Corporation" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DBOD.IBD.No.9808/23.13.155/2012-13 dated January 09, 2013, published in the Gazette o
RBI/2012-13/456 Ref: DBOD. No.Ret. BC. 85/12.07.137/2012-13 March 22, 2013 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Sumitomo Mitsui Banking Corporation We advise that the name of “Sumitomo Mitsui Banking Corporation" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DBOD.IBD.No.9808/23.13.155/2012-13 dated January 09, 2013, published in the Gazette o
માર્ચ 19, 2013
Bank Rate
RBI/2012-13/449 DBOD.No.Ret.BC.84 /12.01.001/2012-13 March 19, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Mid-Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 8.75 per cent to 8.50 per cent with effect from March 19, 2013. 2. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated
RBI/2012-13/449 DBOD.No.Ret.BC.84 /12.01.001/2012-13 March 19, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Mid-Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 8.75 per cent to 8.50 per cent with effect from March 19, 2013. 2. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as indicated
માર્ચ 18, 2013
Prudential norms on Advances to Infrastructure Sector
RBI/2012-13/445 DBOD.BP.BC.No. 83/08.12.014/2012-13 March 18, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Prudential norms on Advances to Infrastructure Sector In terms of our circular DBOD.No.BP.BC.125/21.04.048/2008-09 dated April 17, 2009 on ‘Prudential Norms on Unsecured Advances’ rights, licenses, authorization, etc., charged to the banks as collateral in respect of projects (including infrastructure projects) should not be reckoned as tangible
RBI/2012-13/445 DBOD.BP.BC.No. 83/08.12.014/2012-13 March 18, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Prudential norms on Advances to Infrastructure Sector In terms of our circular DBOD.No.BP.BC.125/21.04.048/2008-09 dated April 17, 2009 on ‘Prudential Norms on Unsecured Advances’ rights, licenses, authorization, etc., charged to the banks as collateral in respect of projects (including infrastructure projects) should not be reckoned as tangible
માર્ચ 11, 2013
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards
RBI/2012-13/434 DBOD. AML.No. 12913/14.01.001/2012-13 March 11, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter DBOD. AML.No.8422/14.01.001/ 2012-13 dated December 12, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action
RBI/2012-13/434 DBOD. AML.No. 12913/14.01.001/2012-13 March 11, 2013 The Chairmen/CEOs of all Scheduled Commercial Banks(Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) - Standards Please refer to our letter DBOD. AML.No.8422/14.01.001/ 2012-13 dated December 12, 2012 on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions. 2. Financial Action
માર્ચ 04, 2013
Branch Authorisation Policy - Information to be submitted by banks
RBI/2012-13/427 DBOD.No.BAPD.BC.82/22.01.001/2012-13 March 4, 2013 Phalguna 13 , 1934 (Saka) All Domestic Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Branch Authorisation Policy - Information to be submitted by banks along with Annual Branch Expansion Plan (ABEP) Please refer to our circular DBOD. No. BL. BC. 24/22.01.001/2011-12 dated July 15, 2011, wherein banks were advised, inter alia that branch authorisation would be based on critical assessmen
RBI/2012-13/427 DBOD.No.BAPD.BC.82/22.01.001/2012-13 March 4, 2013 Phalguna 13 , 1934 (Saka) All Domestic Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Branch Authorisation Policy - Information to be submitted by banks along with Annual Branch Expansion Plan (ABEP) Please refer to our circular DBOD. No. BL. BC. 24/22.01.001/2011-12 dated July 15, 2011, wherein banks were advised, inter alia that branch authorisation would be based on critical assessmen
ફેબ્રુ 14, 2013
Gold Deposit Scheme
RBI/2012-13/415 DBOD.No.IBD.BC. 81/23.67.001/2012-13 February 14, 2013 All Scheduled Commercial Banks authorized to deal in Gold Dear Sir / Madam Gold Deposit Scheme The Central Government, with a view to bringing privately held stock of gold in circulation, reduce the country’s reliance on import of gold and providing its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had notified Gold
RBI/2012-13/415 DBOD.No.IBD.BC. 81/23.67.001/2012-13 February 14, 2013 All Scheduled Commercial Banks authorized to deal in Gold Dear Sir / Madam Gold Deposit Scheme The Central Government, with a view to bringing privately held stock of gold in circulation, reduce the country’s reliance on import of gold and providing its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had notified Gold
ફેબ્રુ 06, 2013
Bank Finance for Purchase of Gold
RBI/2012-13/411 UBD.BPD.(PCB) Cir No.36/13.05.001/2012-13 February 6, 2013 The Chief Executive Officers All Primary (Urban) Co-operative Banks Madam / Dear Sir, Bank Finance for Purchase of Gold Please refer to our circular UBD.PCB.Cir.No 24/13.05.001/08-09 dated November 10, 2008 on ‘Advances against Pledge of Gold / silver ornaments’ advising UCBs to observe certain safeguards while granting loan against pledge of gold/ silver ornaments. 2. In terms of announcements
RBI/2012-13/411 UBD.BPD.(PCB) Cir No.36/13.05.001/2012-13 February 6, 2013 The Chief Executive Officers All Primary (Urban) Co-operative Banks Madam / Dear Sir, Bank Finance for Purchase of Gold Please refer to our circular UBD.PCB.Cir.No 24/13.05.001/08-09 dated November 10, 2008 on ‘Advances against Pledge of Gold / silver ornaments’ advising UCBs to observe certain safeguards while granting loan against pledge of gold/ silver ornaments. 2. In terms of announcements
જાન્યુ 31, 2013
Disclosure Requirements on Advances Restructured by Banks and Financial Institutions
RBI/2012-13/409 DBOD.BP.BC.No.80/21.04.132/2012-13 January 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Disclosure Requirements on Advances Restructured by Banks and Financial Institutions Please refer to paragraph 16 of Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances dated July 2, 2012 in terms of which banks should disclose in their published Annual Balance Sheets, under "N
RBI/2012-13/409 DBOD.BP.BC.No.80/21.04.132/2012-13 January 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Disclosure Requirements on Advances Restructured by Banks and Financial Institutions Please refer to paragraph 16 of Master Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances dated July 2, 2012 in terms of which banks should disclose in their published Annual Balance Sheets, under "N
જાન્યુ 29, 2013
Bank Rate
RBI/2012-13/402 Ref:DBOD.No.Ret.BC. 77/12.01.001/2012-13 January 29, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Third Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 9.00 per cent to 8.75 per cent with effect from January 29, 2013. 2. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as
RBI/2012-13/402 Ref:DBOD.No.Ret.BC. 77/12.01.001/2012-13 January 29, 2013 All Scheduled Commercial Banks & Local Area Banks Dear Sir, Bank Rate As announced in the Third Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 9.00 per cent to 8.75 per cent with effect from January 29, 2013. 2. All penal interest rates on shortfall in reserve requirements, which are specifically linked to the Bank Rate, also stand revised as
જાન્યુ 29, 2013
Maintenance of Cash Reserve Ratio (CRR)
RBI/2012-13/401 Ref: DBOD.No.Ret. BC.76/12.01.001/2012-13 January 29, 2013 All Scheduled Commercial Banks & Local Area Banks (Excluding Regional Rural Banks) Dear Sir, Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular DBOD.No.Ret.BC.52/12.01.001/2012-13 dated October 30, 2012 on the captioned subject. 2. As set out in the Reserve Bank's Press Release 2012-2013/1267 dated@@NBSP@@ January 29, 2013, it has been decided to reduce the Cash Reserve Ra
RBI/2012-13/401 Ref: DBOD.No.Ret. BC.76/12.01.001/2012-13 January 29, 2013 All Scheduled Commercial Banks & Local Area Banks (Excluding Regional Rural Banks) Dear Sir, Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular DBOD.No.Ret.BC.52/12.01.001/2012-13 dated October 30, 2012 on the captioned subject. 2. As set out in the Reserve Bank's Press Release 2012-2013/1267 dated@@NBSP@@ January 29, 2013, it has been decided to reduce the Cash Reserve Ra
જાન્યુ 29, 2013
Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002
RBI/2012-13/399 DBOD.AML.BC. No. 78 /14.01.001/2012-13 January 29, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Please refer to our circular DBOD.AML.BC. No. 65/14.01.001/ 2012-13 dated Decembe
RBI/2012-13/399 DBOD.AML.BC. No. 78 /14.01.001/2012-13 January 29, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 Please refer to our circular DBOD.AML.BC. No. 65/14.01.001/ 2012-13 dated Decembe
જાન્યુ 29, 2013
Third Quarter Review of Monetary Policy 2012-13
By Dr. D. Subbarao Governor Introduction Since the Second Quarter Review (SQR) of Monetary Policy in October 2012, headwinds holding back the global economy have begun to abate gradually, although sluggish conditions prevail. In the US, activity gathered momentum in Q3 of 2012 but this is unlikely to have been sustained in Q4. While a political consensus to avert the ‘fiscal cliff’ has calmed financial markets, how the debt ceiling is managed will be crucial in shapin
By Dr. D. Subbarao Governor Introduction Since the Second Quarter Review (SQR) of Monetary Policy in October 2012, headwinds holding back the global economy have begun to abate gradually, although sluggish conditions prevail. In the US, activity gathered momentum in Q3 of 2012 but this is unlikely to have been sustained in Q4. While a political consensus to avert the ‘fiscal cliff’ has calmed financial markets, how the debt ceiling is managed will be crucial in shapin
જાન્યુ 28, 2013
Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Measures/Combating of Financing of Terrorism (CFT) / Obligations of banks under Prevention of Money Laundering Act (PMLA), 2002
RBI/2012-13/395 UBD.BPD (PCB) Cir. No.34/14.01.062/2012-13 January 28, 2013 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Measures/Combating of Financing of Terrorism (CFT) / Obligations of banks under Prevention of Money Laundering Act (PMLA), 2002 Please refer to paragraph 2.4 (a) of Master Circular UBD.BPD. (PCB).MC.No. 16/12.05.001/2012-13 dated July 02, 2012 on Know
RBI/2012-13/395 UBD.BPD (PCB) Cir. No.34/14.01.062/2012-13 January 28, 2013 The Chief Executive Officer of All Primary (Urban) Co-operative Banks Madam/Dear Sir, Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Measures/Combating of Financing of Terrorism (CFT) / Obligations of banks under Prevention of Money Laundering Act (PMLA), 2002 Please refer to paragraph 2.4 (a) of Master Circular UBD.BPD. (PCB).MC.No. 16/12.05.001/2012-13 dated July 02, 2012 on Know
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