Regulating Commercial Banking

RBI/2015-16/182 DBR.BP.BC.No.39/21.04.132/2015-16 September 24, 2015 All Scheduled Commercial Banks (excluding RRBs) All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Framework for Revitalising Distressed Assets in the Economy – Review of the Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP) Please refer to the ‘Framework for Revitalising Distressed Assets in the Economy’ issued on our website on J

RBI/2015-16/187 DBR.BP.BC.No.41/21.04.048/2015-16 September 24, 2015 All Scheduled Commercial Banks (excluding RRBs) All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Prudential Norms on Change in Ownership of Borrowing Entities (Outside Strategic Debt Restructuring Scheme) Please refer to our circular DBR.BP.BC.No.101/21.04.132/2014-15 dated June 8, 2015 on “Strategic Debt Restructuring Scheme (SDR)”, in terms of which c

RBI/2015-16/179 DBR. AML. No. 3906/14.06.001/2015-16 September 18, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who are agents of Money Transfer Se

RBI/2015-16/176 DBR.No.FSD.BC.37/24.01.001/2015-16 September 16, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Equity Investment by Banks – Review Please refer to circulars DBOD BP(FSC) 1854/C-469-89 dated May 27, 1989 and DBOD FSC BC 45/C.469 dated October 15, 1991, in terms of which banks cannot participate in the equity of financial services ventures including stock exchanges, depositories, etc., without obtaining the prior specific approval

RBI/2015-16/178 DBR.Dir.BC.No.38/13.03.00/2015-16 September 16, 2015 All Commercial Banks Dear Sir/Madam Guidelines on Compensation of Chief Executive Officer/ Whole Time Directors – Restrictions under Section 20 of the Banking Regulation Act, 1949 – Loans to Directors Section 20 of Banking Regulation Act, 1949 (B.R. Act, 1949) prohibits banks from granting any loan or advance to any of its Directors. However, in exercise of the powers conferred by clause (a) of the E

RBI/2015-16/171 DBR.AML.No.3441/14.06.001/2015-16 September 7, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who are agents of Money Transfer Servic

RBI/2015-16/167 DBR.AML.No. 3074/14.01.001/2015-16 August 31, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ All Non-banking Financial Companies/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (SCBs / CCBs) / All authorised persons Dear Sir/ Madam, Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (

RBI/2015-16/165DBR.AML.BC.No.36/14.01.001/2015-16 August 28, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ All Non-banking Financial Companies/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (SCBs / CCBs) / All authorised persons Dear Sir/ Madam, Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (C

RBI/2015-16/161 DBR.CID.BC.35/20.16.042/2015-16 August 27, 2015 All Commercial Banks (excluding RRBs) All India Financial Institutions (EXIM Bank, NABARD, NHB and SIDBI) LIC, GIC, UTI Mutual Fund, UTI Specified Undertaking All Credit Information Companies Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of Credit Information – CRIF High Mark Credit Information Services Private Limited Please refer to our circular DBOD.No.CID.BC.34

RBI/2015-16/159 DBR.AML.No.2723/14.06.001/2015-16 August 24, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons including those who are agents of Money Transfer Service