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Notifications
ਪੀਡੀਐਫ (
ਜੂਨ 22, 2002
Alteration in the name of bank in the Second
Schedule to the Reserve Bank of India Act, 1934
"The Fuji Bank Ltd." to "Mizuho Corporate Bank Ltd."
Schedule to the Reserve Bank of India Act, 1934
"The Fuji Bank Ltd." to "Mizuho Corporate Bank Ltd."
Ref.DBOD.No.BC. 117 /12.06.108/2001-2002 June 22, 2002All Scheduled Commercial BanksDear Sir,Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934"The Fuji Bank Ltd." to "Mizuho Corporate Bank Ltd."We advise that the name of "The Fuji Bank Ltd." has been changed to "Mizuho Corporate Bank Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 13 April 2002, i.e. the date on which the relative notifica
Ref.DBOD.No.BC. 117 /12.06.108/2001-2002 June 22, 2002All Scheduled Commercial BanksDear Sir,Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934"The Fuji Bank Ltd." to "Mizuho Corporate Bank Ltd."We advise that the name of "The Fuji Bank Ltd." has been changed to "Mizuho Corporate Bank Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 13 April 2002, i.e. the date on which the relative notifica
ਜੂਨ 21, 2002
Foreign Exchange Management (Foreign Currency Accounts by a person Resident in India) ( Third Amendment) Regulations, 2002
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA. 63 /2002-RB dated June 21, 2002 Foreign Exchange Management (Foreign Currency Accounts by a person Resident in India) ( Third Amendment) Regulations, 2002 In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in supercession of the Notification No.FE
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA. 63 /2002-RB dated June 21, 2002 Foreign Exchange Management (Foreign Currency Accounts by a person Resident in India) ( Third Amendment) Regulations, 2002 In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in supercession of the Notification No.FE
ਜੂਨ 20, 2002
Reg. Priority Sector Advances - Credit flow to
minority communities
minority communities
UBD.POT..PCB.No. 51 /09.09.01/2001-02June 20, 2002Jyestha 30, 1924(S)All Primary (urban) Co-operative BanksDear Sir / Madam,Reg. Priority Sector Advances – Credit flow to minority communitiesAs you are aware, the Government of India is keen to ensure that minority communities, secure in a fair and adequate measure, the benefits flowing from various development schemes. All banks are, therefore, advised to initiate steps to enhance / augment flow of credit under Priori
UBD.POT..PCB.No. 51 /09.09.01/2001-02June 20, 2002Jyestha 30, 1924(S)All Primary (urban) Co-operative BanksDear Sir / Madam,Reg. Priority Sector Advances – Credit flow to minority communitiesAs you are aware, the Government of India is keen to ensure that minority communities, secure in a fair and adequate measure, the benefits flowing from various development schemes. All banks are, therefore, advised to initiate steps to enhance / augment flow of credit under Priori
ਜੂਨ 20, 2002
Report of the Consultative Group of Directors of Banks / Financial
Institutions (Dr. Ganguly Group) - Implementation of recommendations
Institutions (Dr. Ganguly Group) - Implementation of recommendations
June 20, 2002DBOD. No.BC. 116 / 08.139.001/2001-02The Chairman & Managing Directors / Managing Directorsof all scheduled commercial banks (excluding foreign banks,regional rural banks and local area banks)Dear Sir, Report of the Consultative Group of Directors of Banks / Financial Institutions(Dr. Ganguly Group) - Implementation of recommendationsThe Consultative Group of Directors of banks and FIs set up by Reserve Bank of India to review the supervisory role of
June 20, 2002DBOD. No.BC. 116 / 08.139.001/2001-02The Chairman & Managing Directors / Managing Directorsof all scheduled commercial banks (excluding foreign banks,regional rural banks and local area banks)Dear Sir, Report of the Consultative Group of Directors of Banks / Financial Institutions(Dr. Ganguly Group) - Implementation of recommendationsThe Consultative Group of Directors of banks and FIs set up by Reserve Bank of India to review the supervisory role of
ਜੂਨ 20, 2002
Reg: Priority Sector Advances -
Credit Deployment to SSI Sector -
Revised List of SSSBEs
Credit Deployment to SSI Sector -
Revised List of SSSBEs
UBD.POT.Cir.PCB.No. 50 /09.09.01/2001-02June 20, 2002Jyestha 30, 1924(S)To All Primary (Urban) Co-operative BanksDear Sir/Madam,Reg: Priority Sector Advances -Credit Deployment to SSI Sector -Revised List of SSSBEsPlease refer to our Circular UBD.Plan.PCB.23/09.09.01/2000-01 dated 1 January 2001 forwarding an illustrative list of activities qualifying as SSSBEs, for information.2. The list of activities eligible for registration as Small Scale Service Business (Indust
UBD.POT.Cir.PCB.No. 50 /09.09.01/2001-02June 20, 2002Jyestha 30, 1924(S)To All Primary (Urban) Co-operative BanksDear Sir/Madam,Reg: Priority Sector Advances -Credit Deployment to SSI Sector -Revised List of SSSBEsPlease refer to our Circular UBD.Plan.PCB.23/09.09.01/2000-01 dated 1 January 2001 forwarding an illustrative list of activities qualifying as SSSBEs, for information.2. The list of activities eligible for registration as Small Scale Service Business (Indust
ਜੂਨ 17, 2002
Ready Forward Contracts
POT. 49 /09.80.00/2001-200217 June, 2002The Chief Executive Officers of All Primary (Urban) Cooperative BanksDear Sirs,Ready Forward ContractsIn terms of the Notification No. S.O. 185 (E) dated 1st March 2000 issued by Reserve Bank of India under powers derived under section 29A of the Securities Contracts (Regulation) Act, 1956 ready forward contracts in all Government securities put through Subsidiary General Accounts with Reserve Bank of India, in accordance with t
POT. 49 /09.80.00/2001-200217 June, 2002The Chief Executive Officers of All Primary (Urban) Cooperative BanksDear Sirs,Ready Forward ContractsIn terms of the Notification No. S.O. 185 (E) dated 1st March 2000 issued by Reserve Bank of India under powers derived under section 29A of the Securities Contracts (Regulation) Act, 1956 ready forward contracts in all Government securities put through Subsidiary General Accounts with Reserve Bank of India, in accordance with t
ਜੂਨ 15, 2002
Certificates of Deposit (CDs)
DBOD.No.BP.BC.115/21.03.053/2001-02June 15, 2002All Scheduled Commercial Banks(excluding Regional Rural Banks)@@NBSP@@Dear Sir,Certificates of Deposit (CDs)Please refer to our circular DBOD.No.BP.BC.128/21.03.053/97 dated October 21, 1997 on Certificates of Deposit (CDs).2. In order to increase the investor base, it has been decided to reduce the minimum size of certificates of deposit (CDs) to a single investor from the existing level of Rs.5 lakh to Rs.1 lakh and in
DBOD.No.BP.BC.115/21.03.053/2001-02June 15, 2002All Scheduled Commercial Banks(excluding Regional Rural Banks)@@NBSP@@Dear Sir,Certificates of Deposit (CDs)Please refer to our circular DBOD.No.BP.BC.128/21.03.053/97 dated October 21, 1997 on Certificates of Deposit (CDs).2. In order to increase the investor base, it has been decided to reduce the minimum size of certificates of deposit (CDs) to a single investor from the existing level of Rs.5 lakh to Rs.1 lakh and in
ਜੂਨ 11, 2002
Certification of holding of securities
in banks’ investment portfolio
in banks’ investment portfolio
UBD.No.CO.POT.PCB.Cir.48/09.29.00/2001-02June 11,2002Jyestha 21,1924(S)The Chief Executive Officers of All Primary Urban Co-operative Banks Dear Sir/MadamCertification of holding of securitiesin banks’ investment portfolioIn terms of our Circular UBD.NO. Planning 13/UB.81/92-93 dated 15 September 1992, all primary (urban) co-operative banks ( PCBs) are required to get their purchase and sale of Government securities transactions, separately audited by internal auditor
UBD.No.CO.POT.PCB.Cir.48/09.29.00/2001-02June 11,2002Jyestha 21,1924(S)The Chief Executive Officers of All Primary Urban Co-operative Banks Dear Sir/MadamCertification of holding of securitiesin banks’ investment portfolioIn terms of our Circular UBD.NO. Planning 13/UB.81/92-93 dated 15 September 1992, all primary (urban) co-operative banks ( PCBs) are required to get their purchase and sale of Government securities transactions, separately audited by internal auditor
ਜੂਨ 10, 2002
Satisfaction with Export Credit Delivery System:
A Survey of Indian Banks and Exporters (Part 1 of 2)
A Survey of Indian Banks and Exporters (Part 1 of 2)
April 2002National Council of Applied Economic Research, New DelhiINDIAContentsPrefaceAcknowledgementStudy TeamExecutive SummaryChapter 1 IntroductionChapter 2 Export Credit in India: International PerspectiveChapter 3 Survey Methodology and Sample Design: Banks and ExportersChapter 4 The Export Credit System: Analysis of Survey Findings@@NBSP@@Following tables have not been included in this SummaryTable No. 3.3 to 3.6, 3.8 & 3.9PrefaceAn efficient system for prov
April 2002National Council of Applied Economic Research, New DelhiINDIAContentsPrefaceAcknowledgementStudy TeamExecutive SummaryChapter 1 IntroductionChapter 2 Export Credit in India: International PerspectiveChapter 3 Survey Methodology and Sample Design: Banks and ExportersChapter 4 The Export Credit System: Analysis of Survey Findings@@NBSP@@Following tables have not been included in this SummaryTable No. 3.3 to 3.6, 3.8 & 3.9PrefaceAn efficient system for prov
ਜੂਨ 10, 2002
Satisfaction with Export Credit Delivery System:
A Survey of Indian Banks and Exporters (Part 2 of 2)
A Survey of Indian Banks and Exporters (Part 2 of 2)
April 2002National Council of Applied Economic Research, New DelhiINDIAContentsChapter 4 The Export Credit System: Analysis of Survey FindingsChapter 5 Interpretation of the Survey ResultsReferencesAnnex 1 Issues Relating to Simplification of Procedures for Hassle free Delivery of Export Credit@@NBSP@@Following tables have not been included in this SummaryTable No. 3.3 to 3.6, 3.8 & 3.9Chapter 4 - The Export Credit System: Analysis of Survey Findings4.2.2 Banks’ A
April 2002National Council of Applied Economic Research, New DelhiINDIAContentsChapter 4 The Export Credit System: Analysis of Survey FindingsChapter 5 Interpretation of the Survey ResultsReferencesAnnex 1 Issues Relating to Simplification of Procedures for Hassle free Delivery of Export Credit@@NBSP@@Following tables have not been included in this SummaryTable No. 3.3 to 3.6, 3.8 & 3.9Chapter 4 - The Export Credit System: Analysis of Survey Findings4.2.2 Banks’ A
ਜੂਨ 08, 2002
Charging of interest at monthly rests
June 8, 2002DBOD.No.Dir.BC 114/13.03.00/2001-02All Scheduled Commercial banks(excluding RRBs and LABs)Dear Sir,Charging of interest at monthly rests Please refer to our circular DBOD.No.Dir.BC.73/13.03.00/2001-02 dated March 9, 2002 as well as our subsequent circular DBOD.No.Dir.BC.107/13.03.00/2001-02 dated May 28, 2002 on the subject. 2. We advise that in terms of item (i) of our Directive DBOD.No.Dir.BC.72/13.03.00/ 2001-02 dated March 9, 2002, the existing practic
June 8, 2002DBOD.No.Dir.BC 114/13.03.00/2001-02All Scheduled Commercial banks(excluding RRBs and LABs)Dear Sir,Charging of interest at monthly rests Please refer to our circular DBOD.No.Dir.BC.73/13.03.00/2001-02 dated March 9, 2002 as well as our subsequent circular DBOD.No.Dir.BC.107/13.03.00/2001-02 dated May 28, 2002 on the subject. 2. We advise that in terms of item (i) of our Directive DBOD.No.Dir.BC.72/13.03.00/ 2001-02 dated March 9, 2002, the existing practic
ਜੂਨ 08, 2002
Entertainment Industry - Bank Finance for Film Industry
June 8, 2002IECD No.25 /08.12.01/2001-02The Chairmen/Chief Executivesof all Commercial banksDear Sir,Entertainment Industry –Bank Finance for Film IndustryPlease refer to our Circular IECD No.17/08.12.01/2000-2001 dated May 14, 2001 on the above subject.2. The guidelines on lending to film industry have since been reviewed by us and it has been decided to withdraw the stipulation that banks should not finance projects where total cost of production of film exceeds Rs.
June 8, 2002IECD No.25 /08.12.01/2001-02The Chairmen/Chief Executivesof all Commercial banksDear Sir,Entertainment Industry –Bank Finance for Film IndustryPlease refer to our Circular IECD No.17/08.12.01/2000-2001 dated May 14, 2001 on the above subject.2. The guidelines on lending to film industry have since been reviewed by us and it has been decided to withdraw the stipulation that banks should not finance projects where total cost of production of film exceeds Rs.
ਜੂਨ 07, 2002
Investments in Govt. and other approved
Securities by urban co-operative banks
Securities by urban co-operative banks
UBD.No.BR. 47 /16-26-00 / 2001-02June 7, 2002The Chief Executive Officers of All Primary (Urban) Co-op. BanksDear Sir,Investments in Govt. and other approvedSecurities by urban co-operative banksIn terms of Circular UBD.No.BR.CIR.42/16.26.00/2001 dated 19 April 2001, read with Circular UBD.No.BR.6/16.26.00/2001 dated 9 August 2001, all the Scheduled and Non-Scheduled urban co-operative banks (UCBS) with NDTL of Rs.25 crore and above were advised to maintain investment
UBD.No.BR. 47 /16-26-00 / 2001-02June 7, 2002The Chief Executive Officers of All Primary (Urban) Co-op. BanksDear Sir,Investments in Govt. and other approvedSecurities by urban co-operative banksIn terms of Circular UBD.No.BR.CIR.42/16.26.00/2001 dated 19 April 2001, read with Circular UBD.No.BR.6/16.26.00/2001 dated 9 August 2001, all the Scheduled and Non-Scheduled urban co-operative banks (UCBS) with NDTL of Rs.25 crore and above were advised to maintain investment
ਜੂਨ 07, 2002
Investment Portfolio of banks -
Transactions in Government Securities
Transactions in Government Securities
DBOD.No.FSC.BC.113/24.76.002/2001-02June 7, 2002The Chairmen/Chief Executives of all Commercial Banks (excluding RRBs and LABs)Dear Sir, Investment Portfolio of banks - Transactions in Government SecuritiesPlease refer to our circular DBOD.No.FSC.BC.143A/24.48.001/91-92 dated June 20, 1992 and the subsequent circulars issued from time to time on the captioned subject. In the light of recent fraudulent transactions in the guise of Government securities transactions in
DBOD.No.FSC.BC.113/24.76.002/2001-02June 7, 2002The Chairmen/Chief Executives of all Commercial Banks (excluding RRBs and LABs)Dear Sir, Investment Portfolio of banks - Transactions in Government SecuritiesPlease refer to our circular DBOD.No.FSC.BC.143A/24.48.001/91-92 dated June 20, 1992 and the subsequent circulars issued from time to time on the captioned subject. In the light of recent fraudulent transactions in the guise of Government securities transactions in
ਜੂਨ 07, 2002
Asset Classification of Projects Under Implementation -
Time Overrun - Definition of Financial Closure
Time Overrun - Definition of Financial Closure
June 07, 2002REF. DBS.FID No. C.17 /01.02.00/2001-02The CEOs of All-India Term-Lending and Refinancing InstitutionsDear Sir,Asset Classification of Projects Under Implementation – Time Overrun – Definition of Financial ClosurePlease refer to our Circular DBS.FID.No. C.11/ 01.02.00 /2001-02 dated February 1, 2002 on the captioned subject in terms of which the asset classification of certain categories of projects under implementation is related to the timing of the "fi
June 07, 2002REF. DBS.FID No. C.17 /01.02.00/2001-02The CEOs of All-India Term-Lending and Refinancing InstitutionsDear Sir,Asset Classification of Projects Under Implementation – Time Overrun – Definition of Financial ClosurePlease refer to our Circular DBS.FID.No. C.11/ 01.02.00 /2001-02 dated February 1, 2002 on the captioned subject in terms of which the asset classification of certain categories of projects under implementation is related to the timing of the "fi
ਜੂਨ 06, 2002
Investment portfolio of banks
transactions in securities
transactions in securities
Plan.PCB.CIR. 46 /09.29.00/2001-02.June 6, 2002The Chief Executive Officers of allPrimary (Urban) Co-operative BanksDear Sir/Madam,Investment portfolio of bankstransactions in securitiesPlease refer to Para 2(ii) of our circular UBD.No.Plan.PCB.CIR.41/09.29.00/ 2001-02 dated April 20, 2002 on the captioned subject. We clarify that, in addition to the entities mentioned in the said para, primary (urban) co-operative banks may also seek insurance companies, mutual funds
Plan.PCB.CIR. 46 /09.29.00/2001-02.June 6, 2002The Chief Executive Officers of allPrimary (Urban) Co-operative BanksDear Sir/Madam,Investment portfolio of bankstransactions in securitiesPlease refer to Para 2(ii) of our circular UBD.No.Plan.PCB.CIR.41/09.29.00/ 2001-02 dated April 20, 2002 on the captioned subject. We clarify that, in addition to the entities mentioned in the said para, primary (urban) co-operative banks may also seek insurance companies, mutual funds
ਜੂਨ 06, 2002
Notification No. DNBS. 158/CGM(CSM)-2002 dated June 6, 2002
DEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE I, WORLD TRADE CENTRE,CUFFE PARADE, COLABA,MUMBAI 400 005.NOTIFICATION No. DNBS. 158/CGM(CSM)-2002 dated June 6, 2002. The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial Companies Prudential Norms (Reserve
DEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE I, WORLD TRADE CENTRE,CUFFE PARADE, COLABA,MUMBAI 400 005.NOTIFICATION No. DNBS. 158/CGM(CSM)-2002 dated June 6, 2002. The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial Companies Prudential Norms (Reserve
ਜੂਨ 06, 2002
RBI Regulations for NBFCs -
Amendment to NBFC Directions on Prudential Norms
Amendment to NBFC Directions on Prudential Norms
Ref. DNBS(PD).CC.No.20/02.01/2001-02June 6, 2002 To All Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sirs,RBI Regulations for NBFCs – Amendment to NBFC Directions on Prudential Norms We invite your attention to the Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 contained in Notification No. DFC.119/DG(SPT)-98 dated January 31, 1998 (as amended upto April 22, 2002). 2. Removal of the concept of `Past D
Ref. DNBS(PD).CC.No.20/02.01/2001-02June 6, 2002 To All Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sirs,RBI Regulations for NBFCs – Amendment to NBFC Directions on Prudential Norms We invite your attention to the Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 contained in Notification No. DFC.119/DG(SPT)-98 dated January 31, 1998 (as amended upto April 22, 2002). 2. Removal of the concept of `Past D
ਜੂਨ 06, 2002
Notification No. DFC. 119 /DG(SPT)-98 Dated January 31, 1998
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX No. 571CALCUTTANOTIFICATION No. DFC. 119 /DG(SPT)-98 DATED JANUARY 31, 1998.(AS AMENDED UPTO June 6, 2002)The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to issue the directions relating to the pru
RESERVE BANK OF INDIADEPARTMENT OF FINANCIAL COMPANIESCENTRAL OFFICE15, NETAJI SUBHAS ROADPOST BOX No. 571CALCUTTANOTIFICATION No. DFC. 119 /DG(SPT)-98 DATED JANUARY 31, 1998.(AS AMENDED UPTO June 6, 2002)The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to issue the directions relating to the pru
ਜੂਨ 04, 2002
Submission of Credit Information to Credit Information Bureau (CIB)
DBOD No.DL.BC. 111/20.16.001/2001-02 June 4, 2002The Chairmen/Managing Directors/Chief Executive OfficersAll Commercial Banks (excluding RRBs and LABs) The Chairmen of notified All India Financial Institutions viz. IDBI, IFCI, IIBI, EXIM Bank, NHB, UTI, LIC, SIDBI and GICThe Chairman/Managing Director, State Financial CorporationsDear Sir, Submission of Credit Information to Credit Information Bureau (CIB) As you are aware, in pursuance to the Finance Minister ‘s anno
DBOD No.DL.BC. 111/20.16.001/2001-02 June 4, 2002The Chairmen/Managing Directors/Chief Executive OfficersAll Commercial Banks (excluding RRBs and LABs) The Chairmen of notified All India Financial Institutions viz. IDBI, IFCI, IIBI, EXIM Bank, NHB, UTI, LIC, SIDBI and GICThe Chairman/Managing Director, State Financial CorporationsDear Sir, Submission of Credit Information to Credit Information Bureau (CIB) As you are aware, in pursuance to the Finance Minister ‘s anno
ਜੂਨ 04, 2002
SEBI Committee on Corporate Governance - guidelines to
Indian commercial banks listed in stock exchanges
Indian commercial banks listed in stock exchanges
DBOD No.BC.112 /08.138.001/2001-024.06.2002The Chairman/Chief Executives of Indian Commercial Banks Dear Sir, SEBI Committee on Corporate Governance – guidelines to Indian commercial banks listed in stock exchangesAs you are aware, the Securities and Exchange Board of India (SEBI) had constituted a Committee on Corporate Governance and circulated the recommendations to all stock exchanges for implementation by listed entities as part of the listing agreement vide SEBI
DBOD No.BC.112 /08.138.001/2001-024.06.2002The Chairman/Chief Executives of Indian Commercial Banks Dear Sir, SEBI Committee on Corporate Governance – guidelines to Indian commercial banks listed in stock exchangesAs you are aware, the Securities and Exchange Board of India (SEBI) had constituted a Committee on Corporate Governance and circulated the recommendations to all stock exchanges for implementation by listed entities as part of the listing agreement vide SEBI
ਜੂਨ 03, 2002
Auction for Sale (Re-issue ) of ‘8.35 per cent Government Stock, 2022’
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the June 3, 2002NOTIFICATIONAuction for Sale (Re-issue ) of ‘8.35 per cent Government Stock, 2022’No.4(9)-W&M/2002 : Government of India hereby notifies sale (reissue) of ‘8.35 per cent Government Stock, 2022’ for an aggregate amount of Rs. 2,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Noti
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the June 3, 2002NOTIFICATIONAuction for Sale (Re-issue ) of ‘8.35 per cent Government Stock, 2022’No.4(9)-W&M/2002 : Government of India hereby notifies sale (reissue) of ‘8.35 per cent Government Stock, 2022’ for an aggregate amount of Rs. 2,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Noti
ਜੂਨ 03, 2002
Auction for Sale (Re-issue) of ‘7.40 per cent Government Stock, 2012’
Government of IndiaMinistry of Finance (Department of Economic Affairs)(Budget Division)New Delhi, the June 3, 2002NOTIFICATIONAuction for Sale (Re-issue ) of ‘7.40 per cent Government Stock, 2012’No.4(9)-W&M/2002(1) : Government of India hereby notifies sale (reissue) of ‘7.40 per cent Government Stock, 2012’ for an aggregate amount of Rs. 4,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific
Government of IndiaMinistry of Finance (Department of Economic Affairs)(Budget Division)New Delhi, the June 3, 2002NOTIFICATIONAuction for Sale (Re-issue ) of ‘7.40 per cent Government Stock, 2012’No.4(9)-W&M/2002(1) : Government of India hereby notifies sale (reissue) of ‘7.40 per cent Government Stock, 2012’ for an aggregate amount of Rs. 4,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific
ਜੂਨ 03, 2002
Auction of Government of India Dated Securities
Ref.No.IDMC. 5206 /08.02.30.01/2002-03June 3, 2002 All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary Dealers Dear Sirs,Auction of Government of India Dated Securities Government of India have offered to sell two dated securities of 10 and 20 years tenures, viz; 7.40% Government Stock, 2012 for a notified amount of Rs 4,000 crore (nominal) and 8.35% Governm
Ref.No.IDMC. 5206 /08.02.30.01/2002-03June 3, 2002 All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary Dealers Dear Sirs,Auction of Government of India Dated Securities Government of India have offered to sell two dated securities of 10 and 20 years tenures, viz; 7.40% Government Stock, 2012 for a notified amount of Rs 4,000 crore (nominal) and 8.35% Governm
ਮਈ 31, 2002
Special Financial Package for large value
exports - Rupee Credit Interest Rates
exports - Rupee Credit Interest Rates
DS.SUCB.Cir.15/13.04.00/2001-2002 May 2002Jyestha 1924(s)The Chairman/Chief Executive Officersof all scheduled urban co-operative banksDear Sir Special Financial Package for large value exports - Rupee Credit Interest Rates Please refer to our circular UBD.No.DS.SUCB.Cir.5/13.04.00/2001-2002 dated 24 September 2001. It has been decided in consultation with Government of India to include products of aluminium, petroleum products, sugar and foodgrains in the products el
DS.SUCB.Cir.15/13.04.00/2001-2002 May 2002Jyestha 1924(s)The Chairman/Chief Executive Officersof all scheduled urban co-operative banksDear Sir Special Financial Package for large value exports - Rupee Credit Interest Rates Please refer to our circular UBD.No.DS.SUCB.Cir.5/13.04.00/2001-2002 dated 24 September 2001. It has been decided in consultation with Government of India to include products of aluminium, petroleum products, sugar and foodgrains in the products el
ਮਈ 30, 2002
Survey of Foreign Collaboration in
Indian Industry (1994-95 to 2000-01)
Indian Industry (1994-95 to 2000-01)
DEAP/DIT/ 380/33.05.31/2001-02May 30, 2002.Dear Sir/Madam,Survey of Foreign Collaboration inIndian Industry (1994-95 to 2000-01) The Reserve Bank of India has been conducting periodical Surveys of Foreign Collaboration in Indian Industry. So far, six such Surveys have been conducted and the last Survey covered the period 1986-87 to 1993-94.2. The recent years have witnessed significant liberalization of the foreign investment policy and the terms and conditions relati
DEAP/DIT/ 380/33.05.31/2001-02May 30, 2002.Dear Sir/Madam,Survey of Foreign Collaboration inIndian Industry (1994-95 to 2000-01) The Reserve Bank of India has been conducting periodical Surveys of Foreign Collaboration in Indian Industry. So far, six such Surveys have been conducted and the last Survey covered the period 1986-87 to 1993-94.2. The recent years have witnessed significant liberalization of the foreign investment policy and the terms and conditions relati
ਮਈ 30, 2002
Wilful defaulters and action thereagainst
DBOD. No..DL(W).BC ./110 /20.16.003(1)/2001-02May 30, 2002All Scheduled Commercial Banks and All Notified All-India Financial Institutions Dear Sir,Wilful defaulters and action thereagainstPlease refer to our Circular DBOD.No.BC.DL(W)12/20.16.002(1)/98-99 dated February 20, 1999 (copy enclosed) which, inter alia, defines the term "wilful default" and also lays down the system for the banks and the notified financial institutions to identify and report periodically cer
DBOD. No..DL(W).BC ./110 /20.16.003(1)/2001-02May 30, 2002All Scheduled Commercial Banks and All Notified All-India Financial Institutions Dear Sir,Wilful defaulters and action thereagainstPlease refer to our Circular DBOD.No.BC.DL(W)12/20.16.002(1)/98-99 dated February 20, 1999 (copy enclosed) which, inter alia, defines the term "wilful default" and also lays down the system for the banks and the notified financial institutions to identify and report periodically cer
ਮਈ 29, 2002
Compliance by banks with Accounting Standards (AS) -
Applicability of AS 17,18,21 and 22
Applicability of AS 17,18,21 and 22
DBOD.No.BP.BC. 109 /21.04.018/2001-02May 29, 2002All Scheduled Commercial Banks(excluding RRBs and LABs)Dear Sir,Compliance by banks with Accounting Standards (AS) - Applicability of AS 17,18,21 and 22As you are aware, in terms of the amended / new clauses of the revised listing agreement with stock exchanges, listed banks are required to mandatorily comply with all the Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) from tim
DBOD.No.BP.BC. 109 /21.04.018/2001-02May 29, 2002All Scheduled Commercial Banks(excluding RRBs and LABs)Dear Sir,Compliance by banks with Accounting Standards (AS) - Applicability of AS 17,18,21 and 22As you are aware, in terms of the amended / new clauses of the revised listing agreement with stock exchanges, listed banks are required to mandatorily comply with all the Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) from tim
ਮਈ 28, 2002
Income recognition, asset classification and provisioning norms on advances - treatment of projects under implementation involving time overrun
DBOD.No.BP.BC.108 / 21.04.048 / 2001-02May 28, 2002The Chairman/ Chief Executiveof all scheduled commercial banksDear Sir,Income recognition, asset classification and provisioning norms on advances – treatment of projects under implementation involving time overrunAs you may be aware prudential norms on asset classification as applicable to financial institutions, which were predominantly involved in extending project finance, specifically covered scenarios involving
DBOD.No.BP.BC.108 / 21.04.048 / 2001-02May 28, 2002The Chairman/ Chief Executiveof all scheduled commercial banksDear Sir,Income recognition, asset classification and provisioning norms on advances – treatment of projects under implementation involving time overrunAs you may be aware prudential norms on asset classification as applicable to financial institutions, which were predominantly involved in extending project finance, specifically covered scenarios involving
ਮਈ 28, 2002
Charging of interest at monthly rests
May 28, 2002DBOD.No.Dir.BC. 107/13.03.00/2001-02All Scheduled Commercial banks(excluding RRBs and LABs)Dear Sir,Charging of interest at monthly rests Please refer to our circular DBOD.No.Dir.BC.73/13.03.00/2001-02 dated March 9, 2002 advising banks to switch over to system of charging interest on advances at monthly rests with effect from April 1, 2002. 2. We have received queries from banks seeking clarifications on these instructions. The matter has been examined an
May 28, 2002DBOD.No.Dir.BC. 107/13.03.00/2001-02All Scheduled Commercial banks(excluding RRBs and LABs)Dear Sir,Charging of interest at monthly rests Please refer to our circular DBOD.No.Dir.BC.73/13.03.00/2001-02 dated March 9, 2002 advising banks to switch over to system of charging interest on advances at monthly rests with effect from April 1, 2002. 2. We have received queries from banks seeking clarifications on these instructions. The matter has been examined an
ਮਈ 24, 2002
Risk Weight on Housing Finance and Mortgage Backed Securities
DBOD No. BP. BC. 106/21.01.002/2001- 02May 24, 2002All Commercial Banks (excluding RRBs/LABs) Dear Sir, Risk Weight on Housing Finance and Mortgage Backed Securities Please refer to paragraphs 78 to 80 regarding Housing Loan and Mortgage Backed Securities in the 'Statement on Monetary and Credit Policy for the year 2002-03' enclosed to Governor's letter No. MPD.BC.214/07.01.279/ 2002-03 dated April 29, 2002. 2. At present, banks' loans and advances secured by mortgage
DBOD No. BP. BC. 106/21.01.002/2001- 02May 24, 2002All Commercial Banks (excluding RRBs/LABs) Dear Sir, Risk Weight on Housing Finance and Mortgage Backed Securities Please refer to paragraphs 78 to 80 regarding Housing Loan and Mortgage Backed Securities in the 'Statement on Monetary and Credit Policy for the year 2002-03' enclosed to Governor's letter No. MPD.BC.214/07.01.279/ 2002-03 dated April 29, 2002. 2. At present, banks' loans and advances secured by mortgage
ਮਈ 23, 2002
Inclusion of Leasing and Hire Purchase Assets
Under Priority Sector.
Under Priority Sector.
23rd May 2002RPCD/ PLNFS/BC No.94 /06.02.31/2001-02All Scheduled Commercial BanksDear Sir,Inclusion of Leasing and Hire Purchase AssetsUnder Priority Sector.As per instructions contained in Circular DBOD.No.FSC.BC.18/24.01.001/93.94 dated 19 February 1994 banks can extend para bank facilities such as leasing and hire purchase financing at select branches departmentally and these are treated on par with loans and advances. These facilities are available inter-alia to e
23rd May 2002RPCD/ PLNFS/BC No.94 /06.02.31/2001-02All Scheduled Commercial BanksDear Sir,Inclusion of Leasing and Hire Purchase AssetsUnder Priority Sector.As per instructions contained in Circular DBOD.No.FSC.BC.18/24.01.001/93.94 dated 19 February 1994 banks can extend para bank facilities such as leasing and hire purchase financing at select branches departmentally and these are treated on par with loans and advances. These facilities are available inter-alia to e
ਮਈ 23, 2002
Risk Management Systems in Banks - Country Exposure
DBOD.BP. / 21.04.103/ 2001- 0223 May 2002All scheduled commercial banksDear Sir,Risk Management Systems in Banks - Country ExposureWe invite a reference to paragraphs 123 and 124 of the Statement on Monetary and Credit Policy for the year 2002- 03 enclosed to our Governor's letter MPD.No. 214/ 07.01.279/ 2001-02 dated April 29, 2002. It has been indicated therein that with a view to moving further in complying with the Core Principles for Effective Banking Supervision
DBOD.BP. / 21.04.103/ 2001- 0223 May 2002All scheduled commercial banksDear Sir,Risk Management Systems in Banks - Country ExposureWe invite a reference to paragraphs 123 and 124 of the Statement on Monetary and Credit Policy for the year 2002- 03 enclosed to our Governor's letter MPD.No. 214/ 07.01.279/ 2001-02 dated April 29, 2002. It has been indicated therein that with a view to moving further in complying with the Core Principles for Effective Banking Supervision
ਮਈ 20, 2002
Transaction in Government Securities
IDMC .PDRS No.5039/03.64.00/2001-02 20 May, 2002 To All RBI regulated entities (Commercial banks, Co-operative banks, Primary Dealers , Financial Institutions, Local Area Banks, RRBs and NBFCs) Dear Sir, Transaction in Government Securities Reserve Bank of India, has been, over a period of time, encouraging holding of government securities in the dematerialised mode in the following ways: All entities having a Subsidiary General Ledger (SGL) account with RBI are allow
IDMC .PDRS No.5039/03.64.00/2001-02 20 May, 2002 To All RBI regulated entities (Commercial banks, Co-operative banks, Primary Dealers , Financial Institutions, Local Area Banks, RRBs and NBFCs) Dear Sir, Transaction in Government Securities Reserve Bank of India, has been, over a period of time, encouraging holding of government securities in the dematerialised mode in the following ways: All entities having a Subsidiary General Ledger (SGL) account with RBI are allow
ਮਈ 17, 2002
Scheme for Bidding, Underwriting and Liquidity Support to Primary Dealers-2001-02
IDMC.PDRS.No. 5018/03.64.00/2000-0117 May 2002 All Primary DealersScheme for Bidding, Underwriting and Liquidity Support to Primary Dealers-2001-02Please refer to our letter IDMC.No. 4135/03.64.00/2000-01 dated April 19, 2001 forwarding to you the captioned scheme.2. It has been decided to reduce the penalty period for reduction in Liquidity support, in case a PD fails to submit the required minimum bid or submits a bid lower than its commitment in any auction of Trea
IDMC.PDRS.No. 5018/03.64.00/2000-0117 May 2002 All Primary DealersScheme for Bidding, Underwriting and Liquidity Support to Primary Dealers-2001-02Please refer to our letter IDMC.No. 4135/03.64.00/2000-01 dated April 19, 2001 forwarding to you the captioned scheme.2. It has been decided to reduce the penalty period for reduction in Liquidity support, in case a PD fails to submit the required minimum bid or submits a bid lower than its commitment in any auction of Trea
ਮਈ 17, 2002
Foreign Exchange Management Act, 1999 - Insurance
A.P.(DIR Series) Circular No. 47 (May 17, 2002)
A.P.(DIR Series) Circular No. 47 (May 17, 2002)
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 010 A.P (DIR Series) Circular No.47 May 17, 2002 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Foreign Exchange Management Act, 1999 – Insurance Attention of authorised dealers is invited to the Notification No. FEMA.12/2000-RB dated 3rd May 2000 whereby a person resident in India is prohibited from taking any general or life insurance policy issued by an insurer outside India. 2.
Reserve Bank of India Exchange Control Department Central Office Mumbai 400 010 A.P (DIR Series) Circular No.47 May 17, 2002 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Foreign Exchange Management Act, 1999 – Insurance Attention of authorised dealers is invited to the Notification No. FEMA.12/2000-RB dated 3rd May 2000 whereby a person resident in India is prohibited from taking any general or life insurance policy issued by an insurer outside India. 2.
ਮਈ 15, 2002
Deferred Payments Protocols dated 30th April
1981 and 23rd December 1985 between the
Government of India and erstwhile USSR
A.P.( DIR Series ) Circular No. 46 (May 15 , 2002)
1981 and 23rd December 1985 between the
Government of India and erstwhile USSR
A.P.( DIR Series ) Circular No. 46 (May 15 , 2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.( DIR Series ) Circular No. 46May 15 , 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Deferred Payments Protocols dated 30th April1981 and 23rd December 1985 between theGovernment of India and erstwhile USSR Attention of authorised dealers is invited to A.P. ( DIR Series ) Circular No.14 dated 5th December 2001 wherein the rupee value of the special currency basket effective fr
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.( DIR Series ) Circular No. 46May 15 , 2002ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Deferred Payments Protocols dated 30th April1981 and 23rd December 1985 between theGovernment of India and erstwhile USSR Attention of authorised dealers is invited to A.P. ( DIR Series ) Circular No.14 dated 5th December 2001 wherein the rupee value of the special currency basket effective fr
ਮਈ 14, 2002
Current Account Transactions - Remittance for Advertisement on Foreign Television
AP (DIR Series) Circular No. 44 (May 14, 2002)
AP (DIR Series) Circular No. 44 (May 14, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001May 14, 2002AP (DIR Series) Circular No. 44ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs, Current Account Transactions - Remittance for Advertisement on Foreign TelevisionAttention of authorised dealers is invited to AP(DIR Series) Circular No.11 dated May 16,2000, enclosing therewith a copy of Government of India Notification No.G.S.R..No.381(E) dated May 3, 2000. In terms of item No
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001May 14, 2002AP (DIR Series) Circular No. 44ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs, Current Account Transactions - Remittance for Advertisement on Foreign TelevisionAttention of authorised dealers is invited to AP(DIR Series) Circular No.11 dated May 16,2000, enclosing therewith a copy of Government of India Notification No.G.S.R..No.381(E) dated May 3, 2000. In terms of item No
ਮਈ 14, 2002
Ready Forward Contracts- through CCI Ltd.
May 14, 2002Ref DBS.FID. No. C-16 / 01.02.00 /2001-02The CEOs of All-India Term Lending Institutions and Refinancing InstitutionsDear SirsReady Forward Contracts- through CCI Ltd.Please refer to our Circular DBS. FID No C- 15/ 01.02.00/ 99-2000 dated April 8, 2000 in terms of which the terms and conditions for Ready Forward Contracts were specified by the Reserve Bank of India.2. In supersession of the instructions contained in the above referred circular dated April
May 14, 2002Ref DBS.FID. No. C-16 / 01.02.00 /2001-02The CEOs of All-India Term Lending Institutions and Refinancing InstitutionsDear SirsReady Forward Contracts- through CCI Ltd.Please refer to our Circular DBS. FID No C- 15/ 01.02.00/ 99-2000 dated April 8, 2000 in terms of which the terms and conditions for Ready Forward Contracts were specified by the Reserve Bank of India.2. In supersession of the instructions contained in the above referred circular dated April
ਮਈ 13, 2002
Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2002
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 62 /2002-RBdated May 13, 2002Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2002 In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.13/2000-RB dated May 3, 2000, the Reserve Bank of India makes the following amendments in the Fore
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001Notification No.FEMA. 62 /2002-RBdated May 13, 2002Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2002 In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.13/2000-RB dated May 3, 2000, the Reserve Bank of India makes the following amendments in the Fore
ਮਈ 09, 2002
Sale of Government of India Dated Securities by Auction
Ref.No. IDMC. 4905 / 08.02.30.01/2001-02May 9, 2002To,All Scheduled Commercial Banks/ All RRBs/ All State Co-operative Banks/ All Scheduled Primary(Urban)Co-operative Banks/All Financial Institutions/ All Primary & Satellite Dealers.Dear Sirs,Sale of Government of India Dated Securities by AuctionGovernment of India have offered to sell two new dated securities of 8 year and 20 year tenure for Rs.3,000 crore (nominal) each vide notifications F. No.4(9)-W&M/200
Ref.No. IDMC. 4905 / 08.02.30.01/2001-02May 9, 2002To,All Scheduled Commercial Banks/ All RRBs/ All State Co-operative Banks/ All Scheduled Primary(Urban)Co-operative Banks/All Financial Institutions/ All Primary & Satellite Dealers.Dear Sirs,Sale of Government of India Dated Securities by AuctionGovernment of India have offered to sell two new dated securities of 8 year and 20 year tenure for Rs.3,000 crore (nominal) each vide notifications F. No.4(9)-W&M/200
ਮਈ 09, 2002
Auction for Sale of Government Stock
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the May 8, 2002Auction for Sale of Government Stock of 8 YearsAuction for Sale of Government Stock of 20 YearsNOTIFICATIONAuction for Sale of Government Stock of 8 YearsF.No.4(9)-W&M/2002: Government of India hereby notifies sale of Government Stock (securities) of 8-Year tenure for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the term
Government of IndiaMinistry of Finance(Department of Economic Affairs)(Budget Division)New Delhi, the May 8, 2002Auction for Sale of Government Stock of 8 YearsAuction for Sale of Government Stock of 20 YearsNOTIFICATIONAuction for Sale of Government Stock of 8 YearsF.No.4(9)-W&M/2002: Government of India hereby notifies sale of Government Stock (securities) of 8-Year tenure for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the term
ਮਈ 09, 2002
Scheme for Non-competitive Bidding Facility in
the Auctions of Government Securities
the Auctions of Government Securities
I. Scope : With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount.II. Eligibility: Participation on a non-competitive basis in th
I. Scope : With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of dated securities. The reserved amount will be within the notified amount.II. Eligibility: Participation on a non-competitive basis in th
ਮਈ 09, 2002
Prudential Norms on Asset Classification
DBOD.No.BP.BC 100/21.01.002/2001-02May 9, 2002 All Commercial Banks (excluding RRBs)Dear Sir,Prudential Norms on Asset ClassificationPlease refer to paragraphs 129 and 130 in the "Statement on Monetary and Credit Policy for the year 2002-03" enclosed to Governor’s letter No.MPD.BC.214/07.01.279/2001-02 dated April 29, 2002.2. The Committee on Banking Sector Reforms (Narasimham Committee II) had recommended that an asset should be classified as doubtful, if it is in th
DBOD.No.BP.BC 100/21.01.002/2001-02May 9, 2002 All Commercial Banks (excluding RRBs)Dear Sir,Prudential Norms on Asset ClassificationPlease refer to paragraphs 129 and 130 in the "Statement on Monetary and Credit Policy for the year 2002-03" enclosed to Governor’s letter No.MPD.BC.214/07.01.279/2001-02 dated April 29, 2002.2. The Committee on Banking Sector Reforms (Narasimham Committee II) had recommended that an asset should be classified as doubtful, if it is in th
ਮਈ 09, 2002
Corporate Debt Restructuring
DBOD.No.BP.BC 101/21.01.002/2001-02 May 9, 2002 All Commercial Banks (excluding RRBs)Dear Sir,Corporate Debt RestructuringPlease refer to paragraph 132 in the "Statement on Monetary and Credit Policy for the year 2002-03" enclosed to Governor’s letter No.MPD.BC.214/07.01.279/ 2001-02 dated April 29, 2002.2. Guidelines on Corporate Debt Restructuring (CDR) were issued vide our circular DBOD.BP.BC.15/21.04.114/2000-01 dated August 23, 2001 for putting in place a framewo
DBOD.No.BP.BC 101/21.01.002/2001-02 May 9, 2002 All Commercial Banks (excluding RRBs)Dear Sir,Corporate Debt RestructuringPlease refer to paragraph 132 in the "Statement on Monetary and Credit Policy for the year 2002-03" enclosed to Governor’s letter No.MPD.BC.214/07.01.279/ 2001-02 dated April 29, 2002.2. Guidelines on Corporate Debt Restructuring (CDR) were issued vide our circular DBOD.BP.BC.15/21.04.114/2000-01 dated August 23, 2001 for putting in place a framewo
ਮਈ 07, 2002
Revised General Notification for issue of Government of India Dated Securities
Issue of Government SecuritiesRef.No.IDMC. 4859 /08.01.01/2001-02 May 7, 2002All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary & Satellite Dealers.Dear Sirs,Revised General Notification for issue of Government of India Dated Securities A reference is invited to our circular IDMC.3254/08.08.20/96.97 dated April 1, 1997 forwarding therewith a copy of the
Issue of Government SecuritiesRef.No.IDMC. 4859 /08.01.01/2001-02 May 7, 2002All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary & Satellite Dealers.Dear Sirs,Revised General Notification for issue of Government of India Dated Securities A reference is invited to our circular IDMC.3254/08.08.20/96.97 dated April 1, 1997 forwarding therewith a copy of the
ਮਈ 06, 2002
Housing Finance Allocation
for the year 2002-2003
for the year 2002-2003
IECD.No.22 /03.27.25/2001-02May 6, 2002The Chairmen/Chief Executivesof all Commercial BanksDear Sir,Housing Finance Allocation for the year 2002-2003Please refer to our circular IECD.No.1/03.27.25/2001-02 dated July 18, 2001 regarding housing finance allocation for the year 2001-2002. It has been decided that for the current financial year, i.e., April 2002 to March 2003, each bank should continue to compute its share of the housing finance allocation at 3 per cent of
IECD.No.22 /03.27.25/2001-02May 6, 2002The Chairmen/Chief Executivesof all Commercial BanksDear Sir,Housing Finance Allocation for the year 2002-2003Please refer to our circular IECD.No.1/03.27.25/2001-02 dated July 18, 2001 regarding housing finance allocation for the year 2001-2002. It has been decided that for the current financial year, i.e., April 2002 to March 2003, each bank should continue to compute its share of the housing finance allocation at 3 per cent of
ਮਈ 06, 2002
Issue of Government Securities
Revised General Notification for issue of Government of India Dated SecuritiesGOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division)New Delhi, the 6th May, 2002NOTIFICATIONIssue of Government SecuritiesF.No 4(9)-W&M/2000: Government of India, in supersession of Notification F.No. 4(2)-W&M/97 dated 1st April 1997 issued by Government of India as amended by the Government of India notification F.No. 4(7)-W&M/99 dated 5th Apri
Revised General Notification for issue of Government of India Dated SecuritiesGOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division)New Delhi, the 6th May, 2002NOTIFICATIONIssue of Government SecuritiesF.No 4(9)-W&M/2000: Government of India, in supersession of Notification F.No. 4(2)-W&M/97 dated 1st April 1997 issued by Government of India as amended by the Government of India notification F.No. 4(7)-W&M/99 dated 5th Apri
ਮਈ 03, 2002
Monetary and Credit Policy 2002-03 Investment Fluctuation Reserve
DBOD No. BP.BC 99 /21.01.002/2001-02 May 3, 2002All Commercial Banks (excluding RRBs)Dear Sir,Monetary and Credit Policy 2002-03Investment Fluctuation ReservePlease refer to paragraph 134 of the "Statement on Monetary and Credit Policy for the year 2002-03" on Investment Fluctuation Reserve (IFR) enclosed to Governor's letter No. MPD.214/07.01.279/2001-02 dated April 29, 2002. 2. With a view to building up of adequate reserves to guard against any possible reversal of
DBOD No. BP.BC 99 /21.01.002/2001-02 May 3, 2002All Commercial Banks (excluding RRBs)Dear Sir,Monetary and Credit Policy 2002-03Investment Fluctuation ReservePlease refer to paragraph 134 of the "Statement on Monetary and Credit Policy for the year 2002-03" on Investment Fluctuation Reserve (IFR) enclosed to Governor's letter No. MPD.214/07.01.279/2001-02 dated April 29, 2002. 2. With a view to building up of adequate reserves to guard against any possible reversal of
ਮਈ 02, 2002
Scheme for Non-competitive Bidding Facility in the Auctions
of Government Securities
of Government Securities
RESERVE BANK OF INDIAINTERNAL DEBT MANAGEMENT CELLScheme for Non-competitive Bidding Facility in the Auctionsof Government SecuritiesI. Scope: With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of date
RESERVE BANK OF INDIAINTERNAL DEBT MANAGEMENT CELLScheme for Non-competitive Bidding Facility in the Auctionsof Government SecuritiesI. Scope: With a view to encouraging wider participation and retail holding of Government securities it is proposed to allow participation on "non-competitive" basis in select auctions of dated Government of India securities. Accordingly, non-competitive bids up to 5 percent of the notified amount will be accepted in the auctions of date
ਮਈ 02, 2002
Foreign Exchange Management (Insurance) (Amendment) Regulations, 2002
Reserve Bank of India Exchange Control Department Central Office Mumbai Notification No.FEMA.61 /2002-RBdated May 02, 2002Foreign Exchange Management (Insurance)(Amendment) Regulations, 2002 In exercise of the powers conferred by sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999, (42 of 1999), and in partial modification of its Notification No.FEMA.12/2000-RB, dated May 3, 2000, the Reserve Bank of India makes the following Regulations to amen
Reserve Bank of India Exchange Control Department Central Office Mumbai Notification No.FEMA.61 /2002-RBdated May 02, 2002Foreign Exchange Management (Insurance)(Amendment) Regulations, 2002 In exercise of the powers conferred by sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999, (42 of 1999), and in partial modification of its Notification No.FEMA.12/2000-RB, dated May 3, 2000, the Reserve Bank of India makes the following Regulations to amen
ਅਪ੍ਰੈ 29, 2002
External Commercial Borrowings - Crystallisation of Liability
A.P. (DIR Series) Circular No. 41 (April 29,2002)
A.P. (DIR Series) Circular No. 41 (April 29,2002)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No. 41April 29, 2002 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,External Commercial Borrowings – Crystallisation of Liability Corporates in India, at times, raise External Commercial Borrowings (ECBs) against a guarantee/letter of comfort from a bank in India. In certain cases the loan liability of the corporates gets devolved on banks.2. With a view to p
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No. 41April 29, 2002 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,External Commercial Borrowings – Crystallisation of Liability Corporates in India, at times, raise External Commercial Borrowings (ECBs) against a guarantee/letter of comfort from a bank in India. In certain cases the loan liability of the corporates gets devolved on banks.2. With a view to p
ਅਪ੍ਰੈ 29, 2002
Rehabilitation of sick SSI units
RPCD/PLNFS/No. BC. 89/ 06.04.01/2001-0229 April 2002All Scheduled Commercial Banks(Including RRBs)Dear Sir,Rehabilitation of sick SSI unitsPlease refer to paragraph 77 of the Governor’s Statement on Monetary and Credit Policy enclosed to circular No. MPD.BC.214/07.01.279/2001-02 dated April 29, 2002. Banks are advised to take a pro-active stance in providing timely assistance for rehabilitation of small-scale units, which are affected by the industrial down turn, and
RPCD/PLNFS/No. BC. 89/ 06.04.01/2001-0229 April 2002All Scheduled Commercial Banks(Including RRBs)Dear Sir,Rehabilitation of sick SSI unitsPlease refer to paragraph 77 of the Governor’s Statement on Monetary and Credit Policy enclosed to circular No. MPD.BC.214/07.01.279/2001-02 dated April 29, 2002. Banks are advised to take a pro-active stance in providing timely assistance for rehabilitation of small-scale units, which are affected by the industrial down turn, and
ਅਪ੍ਰੈ 29, 2002
Credit Facilities for Small Scale Industries. Collateral free loans
RPCD/ PLNF5/ BC.No. 90/06.02.80/2001-02 April 29, 2002All Scheduled Commercial banks (including RRBs & Local area Banks) Dear Sir, Credit Facilities for Small Scale Industries. Collateral free loans. Please refer to paragraph 76 of the Governor's statement on Monetary and Credit Policy for! the year 2002-03 forwarded with circular No. .MPD. BC. 214/07.01.279/2001-02 dated April 29, 2002. 2. Recognising the requirement of providing collateral as a bottle neck in th
RPCD/ PLNF5/ BC.No. 90/06.02.80/2001-02 April 29, 2002All Scheduled Commercial banks (including RRBs & Local area Banks) Dear Sir, Credit Facilities for Small Scale Industries. Collateral free loans. Please refer to paragraph 76 of the Governor's statement on Monetary and Credit Policy for! the year 2002-03 forwarded with circular No. .MPD. BC. 214/07.01.279/2001-02 dated April 29, 2002. 2. Recognising the requirement of providing collateral as a bottle neck in th
ਅਪ੍ਰੈ 29, 2002
Issue of Certificates of Deposit (CDs) in dematerialised form
April 29, 2002DBS.FID.C-15 / 02.01.00/ 2001-2002The Chief Executive Officers of All-India Term Lending and Refinancing InstitutionsDear Sirs,Issue of Certificates of Deposit (CDs) in dematerialised form Please refer to the paragraph No 91 of the Governor’s statement on "Monetary and Credit Policy for the year 2002-03" announced on April 29, 2002 available in our website www.rbi.org.in (copy of the extract of paragraph No 91 enclosed). In accordance with the policy ann
April 29, 2002DBS.FID.C-15 / 02.01.00/ 2001-2002The Chief Executive Officers of All-India Term Lending and Refinancing InstitutionsDear Sirs,Issue of Certificates of Deposit (CDs) in dematerialised form Please refer to the paragraph No 91 of the Governor’s statement on "Monetary and Credit Policy for the year 2002-03" announced on April 29, 2002 available in our website www.rbi.org.in (copy of the extract of paragraph No 91 enclosed). In accordance with the policy ann
ਅਪ੍ਰੈ 29, 2002
Full convertibility of Deposit Schemes -Non-Resident Indians - NRNR accounts & NRSR accounts
Reserve Bank Of India Central Office Department Of Banking Operations And Development Centre - 1, World Trade Centre Cuffe Parade, Colaba, Mumbai - 400 005 Ref No. DBOD.Dir.BC. 93/13.01.09/2001-02 April 29, 2002 All Scheduled Commercial Banks Dear Sir, Full convertibility of Deposit Schemes – Non-Resident Indians – NRNR accounts & NRSR accounts Please refer to our circular DBOD BC. No. 140/13.01.09/92 dated June 11, 1992, read with Para 1(a) of Circular DBOD No. D
Reserve Bank Of India Central Office Department Of Banking Operations And Development Centre - 1, World Trade Centre Cuffe Parade, Colaba, Mumbai - 400 005 Ref No. DBOD.Dir.BC. 93/13.01.09/2001-02 April 29, 2002 All Scheduled Commercial Banks Dear Sir, Full convertibility of Deposit Schemes – Non-Resident Indians – NRNR accounts & NRSR accounts Please refer to our circular DBOD BC. No. 140/13.01.09/92 dated June 11, 1992, read with Para 1(a) of Circular DBOD No. D
ਅਪ੍ਰੈ 29, 2002
Interest Rate on FCNR(B) Deposits
DBOD No. Dir. BC. 98 /13.03.00/2001-02 29 April 2002 All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir, Interest Rate on FCNR(B) Deposits Please refer to Governor’s letter No. MPD. 214 /07.01.279/ 2001-02 dated April 29, 2002 enclosing a copy of the statement on 'Monetary and Credit Policy for the year 2002-03'. In accordance with the policy announcements, the following measures are being introduced with immediate effect. 2. Currently, banks are free t
DBOD No. Dir. BC. 98 /13.03.00/2001-02 29 April 2002 All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir, Interest Rate on FCNR(B) Deposits Please refer to Governor’s letter No. MPD. 214 /07.01.279/ 2001-02 dated April 29, 2002 enclosing a copy of the statement on 'Monetary and Credit Policy for the year 2002-03'. In accordance with the policy announcements, the following measures are being introduced with immediate effect. 2. Currently, banks are free t
ਅਪ੍ਰੈ 29, 2002
Sale of Government of India Dated Securities by Auction
Ref.No. IDMC. 4723 / 08.02.30.01/2001-02April 29, 2002To,All Scheduled Commercial Banks excluding RRBs/ All State Co-operative Banks/ All Scheduled Primary(Urban)Co-operative Banks/All Financial Institutions/ All Primary & Satellite Dealers.Dear Sirs,Sale of Government of India Dated Securities by AuctionGovernment of India have offered to sell a new dated security of 10 years tenure for Rs.6,000 crore (nominal) vide notification F. No.4(9)-W&M/2002 dated Apri
Ref.No. IDMC. 4723 / 08.02.30.01/2001-02April 29, 2002To,All Scheduled Commercial Banks excluding RRBs/ All State Co-operative Banks/ All Scheduled Primary(Urban)Co-operative Banks/All Financial Institutions/ All Primary & Satellite Dealers.Dear Sirs,Sale of Government of India Dated Securities by AuctionGovernment of India have offered to sell a new dated security of 10 years tenure for Rs.6,000 crore (nominal) vide notification F. No.4(9)-W&M/2002 dated Apri
ਅਪ੍ਰੈ 29, 2002
Auction for Sale of Government Stock of 10 Years
GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division)New Delhi, the April 29, 2002NOTIFICATIONAuction for Sale of Government Stock of 10 YearsF.No.4(9)-W&M/2002: Government of India hereby notifies sale of Government Stock (securities) of 10-Year tenure for an aggregate amount of Rs. 6,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also t
GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division)New Delhi, the April 29, 2002NOTIFICATIONAuction for Sale of Government Stock of 10 YearsF.No.4(9)-W&M/2002: Government of India hereby notifies sale of Government Stock (securities) of 10-Year tenure for an aggregate amount of Rs. 6,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also t
ਅਪ੍ਰੈ 29, 2002
List of the Banks and PDs for Non-Competitive Bidding of Government of India Securities
Andhra Bank: Maston Road, Kanpur, Tel. : 367900, Main Road, Vishakhapatnam Tel. : 566605 /562770, R R Apparao Street, Vijaywada, Tel. : 56405/404; Bank of Baroda: Fort Univeristy Mumbai Tel. . 2670614 / 2670620, Navrangpura Ahmedabad, Tel. . 7541936, Rajaji Salai Chennai, Tel. . 5232233, P.M.Road Bombay, Tel. . 2642074 / 2662343, India Exchantge Calcutta, Tel. . 2214240 / 2214468, Parliament Street New Delhi, Tel. : 3325557 / 3321849; Bank of India: Bhadra Ahmedabad,
Andhra Bank: Maston Road, Kanpur, Tel. : 367900, Main Road, Vishakhapatnam Tel. : 566605 /562770, R R Apparao Street, Vijaywada, Tel. : 56405/404; Bank of Baroda: Fort Univeristy Mumbai Tel. . 2670614 / 2670620, Navrangpura Ahmedabad, Tel. . 7541936, Rajaji Salai Chennai, Tel. . 5232233, P.M.Road Bombay, Tel. . 2642074 / 2662343, India Exchantge Calcutta, Tel. . 2214240 / 2214468, Parliament Street New Delhi, Tel. : 3325557 / 3321849; Bank of India: Bhadra Ahmedabad,
ਅਪ੍ਰੈ 29, 2002
Interest rates on Export Credit
in Foreign Currency
in Foreign Currency
IECD. No.21/04.02.01/2001-02April 29, 2002The Chairmen/Chief Executives of all commercial banksDear Sir,Interest rates on Export Creditin Foreign Currency-------------------------------------Please refer to paragraph 63 of the statement on Monetary and Credit Policy for the year 2002-03 enclosed to the Governor's letter No.MPD /BC.214 /07.01.279/ 2001-02 dated April 29, 2002 relating to export credit in foreign currency. 2. In order to make the interest rate on export
IECD. No.21/04.02.01/2001-02April 29, 2002The Chairmen/Chief Executives of all commercial banksDear Sir,Interest rates on Export Creditin Foreign Currency-------------------------------------Please refer to paragraph 63 of the statement on Monetary and Credit Policy for the year 2002-03 enclosed to the Governor's letter No.MPD /BC.214 /07.01.279/ 2001-02 dated April 29, 2002 relating to export credit in foreign currency. 2. In order to make the interest rate on export
ਅਪ੍ਰੈ 29, 2002
Annual Monetary and Credit Policy for the year 2002-2003
Annual Monetary and Credit Policy for the year 2002-2003 - Press Release Macroeconomic and Monetary Developments in 2001-2002 Webcast of Governor's Press Conference Statement by Dr. Bimal Jalan, Governor, Reserve Bank of India on Monetary and CreditPolicy for the year 2002-03 The Statement consists of three parts: (I) Review of Macroeconomic and Monetary Developments during 2001-02, (II) Stance of Monetary Policy for 2002-03, an
Annual Monetary and Credit Policy for the year 2002-2003 - Press Release Macroeconomic and Monetary Developments in 2001-2002 Webcast of Governor's Press Conference Statement by Dr. Bimal Jalan, Governor, Reserve Bank of India on Monetary and CreditPolicy for the year 2002-03 The Statement consists of three parts: (I) Review of Macroeconomic and Monetary Developments during 2001-02, (II) Stance of Monetary Policy for 2002-03, an
ਅਪ੍ਰੈ 29, 2002
Notification No.FEMA.60/2002-RB
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA.60/2002-RBDated April 29, 2002In exercise of the powers conferred by clause (d) of Sub-Section 3 of Section 6 of Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 3 / 2000-RB dated 3rd May 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Borrowing or Lending in F
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA.60/2002-RBDated April 29, 2002In exercise of the powers conferred by clause (d) of Sub-Section 3 of Section 6 of Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 3 / 2000-RB dated 3rd May 2000, the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Borrowing or Lending in F
ਅਪ੍ਰੈ 29, 2002
Monetary and Credit Policy for the year
2002 -2003 Interest Rates on advances
2002 -2003 Interest Rates on advances
UBD.No.DS.PCB.Cir.42/13.04.00/2001-200229 April 20029 Vaishakha 1924(s) All Primary (Urban) Co-operative BanksDear Sir/MadamMonetary and Credit Policy for the year 2002 –2003 Interest Rates on advancesPlease refer to our Governor’s Statement on Monetary and Credit Policy for the year 2002-2003, and our Circular No.DS.PCB.CIR.32/13.04.00/2001-02 dated 2 March 2002 enclosing directive UBD.No.DS.PCB.DIR.3/13.04.00/2001-02 of the same date.2. In order to provide greater f
UBD.No.DS.PCB.Cir.42/13.04.00/2001-200229 April 20029 Vaishakha 1924(s) All Primary (Urban) Co-operative BanksDear Sir/MadamMonetary and Credit Policy for the year 2002 –2003 Interest Rates on advancesPlease refer to our Governor’s Statement on Monetary and Credit Policy for the year 2002-2003, and our Circular No.DS.PCB.CIR.32/13.04.00/2001-02 dated 2 March 2002 enclosing directive UBD.No.DS.PCB.DIR.3/13.04.00/2001-02 of the same date.2. In order to provide greater f
ਅਪ੍ਰੈ 24, 2002
Foreign Exchange Management (Transfer or Issue of any foreign security) (Amendment) Regulations, 2002
Foreign Exchange Management (Transfer or Issue of any foreign security) (Amendment) Regulations, 2002 RESERVE BANK OF INDIA (EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA. 59 /2002-RB dated April 24, 2002 Foreign Exchange Management (Transfer or Issue of any foreign security) (Amendment) Regulations, 2002 @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ In exercise of the powers conferred by cla
Foreign Exchange Management (Transfer or Issue of any foreign security) (Amendment) Regulations, 2002 RESERVE BANK OF INDIA (EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA. 59 /2002-RB dated April 24, 2002 Foreign Exchange Management (Transfer or Issue of any foreign security) (Amendment) Regulations, 2002 @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ In exercise of the powers conferred by cla
ਅਪ੍ਰੈ 22, 2002
RBI Regulations for NBFCs
Ref.DNBS(PD).CC.No.19/02.01/2001-02April 22, 2002 ToAll Non-Banking Financial Companies including Mutual Benefit Financial Companies,Mutual Benefit Companies,Residuary Non-Banking Companies and Miscellaneous Non-Banking Companies Dear Sirs,RBI Regulations for NBFCsAs you are aware that the RBI prescribed prudential norms for Non-Banking Financial Companies, vide Notification No.DFC.119/DG(SPT)-98 dated January 31, 1998. These directions were last revised on January 1,
Ref.DNBS(PD).CC.No.19/02.01/2001-02April 22, 2002 ToAll Non-Banking Financial Companies including Mutual Benefit Financial Companies,Mutual Benefit Companies,Residuary Non-Banking Companies and Miscellaneous Non-Banking Companies Dear Sirs,RBI Regulations for NBFCsAs you are aware that the RBI prescribed prudential norms for Non-Banking Financial Companies, vide Notification No.DFC.119/DG(SPT)-98 dated January 31, 1998. These directions were last revised on January 1,
ਅਪ੍ਰੈ 22, 2002
Notification No. DFC. 119 /DG(SPT)-98 dated January 31, 1998
Reserve Bank of IndiaDepartment of Financial CompaniesCentral Office15, Netaji Subhas RoadPost Box No. 571CalcuttaNOTIFICATION No. DFC. 119 /DG(SPT)-98 DATED JANUARY 31, 1998.(AS AMENDED UPTO April 22, 2002)The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to issue the directions relating to the p
Reserve Bank of IndiaDepartment of Financial CompaniesCentral Office15, Netaji Subhas RoadPost Box No. 571CalcuttaNOTIFICATION No. DFC. 119 /DG(SPT)-98 DATED JANUARY 31, 1998.(AS AMENDED UPTO April 22, 2002)The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to issue the directions relating to the p
ਅਪ੍ਰੈ 22, 2002
Notification No. DNBS. 157/CGM(CSM)-2002 dated April 22, 2002.
RESERVE BANK OF INDIADEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE I, WORLD TRADE CENTRE,CUFFE PARADE, COLABA,MUMBAI 400 005.NOTIFICATION No. DNBS. 157/CGM(CSM)-2002 dated April 22, 2002. The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial Companies Pru
RESERVE BANK OF INDIADEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE I, WORLD TRADE CENTRE,CUFFE PARADE, COLABA,MUMBAI 400 005.NOTIFICATION No. DNBS. 157/CGM(CSM)-2002 dated April 22, 2002. The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial Companies Pru
ਅਪ੍ਰੈ 20, 2002
Investment Portfolio of Banks Transactions in securities
Reserve Bank of IndiaCentral OfficeUrban Banks Department1st Floor, Garment HouseWorli, Mumbai 400 018.Ref.UBD.No.Plan.PCB.CIR.41/09.29.00/2001-2002April 20, 2002Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir, Investment Portfolio of Banks Transactions in securities Please refer to our circular UBD.No.Plan.13/UB.81/92-93 dated 15 September 1992 giving detailed guidelines relating to investment portfolio of banks. We had also issued instructio
Reserve Bank of IndiaCentral OfficeUrban Banks Department1st Floor, Garment HouseWorli, Mumbai 400 018.Ref.UBD.No.Plan.PCB.CIR.41/09.29.00/2001-2002April 20, 2002Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir, Investment Portfolio of Banks Transactions in securities Please refer to our circular UBD.No.Plan.13/UB.81/92-93 dated 15 September 1992 giving detailed guidelines relating to investment portfolio of banks. We had also issued instructio
ਅਪ੍ਰੈ 19, 2002
Ready Forward Contracts
DBOD.No.FSC.BC.91 / 24.76.002/2001-02April 19, 2002The Chairmen / Chief Executives of all Commercial BanksDear Sirs,Ready Forward ContractsIn terms of the notification No.S.O.185 (E) dated 1st March 2000 issued by Reserve Bank of India under powers derived under Section 29A of the Securities Contracts (Regulation) Act, 1956, ready forward contracts in all Government Securities put through Subsidiary General Accounts with Reserve Bank of India, in accordance with terms
DBOD.No.FSC.BC.91 / 24.76.002/2001-02April 19, 2002The Chairmen / Chief Executives of all Commercial BanksDear Sirs,Ready Forward ContractsIn terms of the notification No.S.O.185 (E) dated 1st March 2000 issued by Reserve Bank of India under powers derived under Section 29A of the Securities Contracts (Regulation) Act, 1956, ready forward contracts in all Government Securities put through Subsidiary General Accounts with Reserve Bank of India, in accordance with terms
ਅਪ੍ਰੈ 19, 2002
Export Credit - Whole Turnover
Post-shipment Guarantee Scheme
Post-shipment Guarantee Scheme
Telegrams:"Reservbank"MumbaiTelephone 266 1602Fax 022-266 0407RBInet – bomiecdE-Mail-rbibiecd@giasbmo1.vsnl.net.inReserve Bank of IndiaIndustrial & Export Credit DepartmentCentral Office,Central Office Building,Post Bag - 10030,Mumbai - 400 001.@@NBSP@@Ref.IECD.No.20/04.02.02/2001-02April 19, 2002The Chairmen/Chief Executivesof all Commercial BanksDear Sir,Export Credit – Whole TurnoverPost-shipment Guarantee SchemePlease refer to Circular IECD No.EFD 15/04.02.02/
Telegrams:"Reservbank"MumbaiTelephone 266 1602Fax 022-266 0407RBInet – bomiecdE-Mail-rbibiecd@giasbmo1.vsnl.net.inReserve Bank of IndiaIndustrial & Export Credit DepartmentCentral Office,Central Office Building,Post Bag - 10030,Mumbai - 400 001.@@NBSP@@Ref.IECD.No.20/04.02.02/2001-02April 19, 2002The Chairmen/Chief Executivesof all Commercial BanksDear Sir,Export Credit – Whole TurnoverPost-shipment Guarantee SchemePlease refer to Circular IECD No.EFD 15/04.02.02/
ਅਪ੍ਰੈ 18, 2002
Exclusion of credit card outstanding from the norms
relating to unsecured advances and guarantees
relating to unsecured advances and guarantees
DBOD No. BP.BC. 90/21.04.141/2001-02 April 18, 2002 All Commercial Banks (Except RRBs & LABs) Dear Sir, Exclusion of credit card outstanding from the norms relating to unsecured advances and guarantees Please refer to paragraphs 2.2 and 2.3 of our Master Circular DBOD.No.Dir.BC.13/13.03.00/2001-2002 dated August 13, 2001 wherein it was advised that banks should limit their commitments by way of unsecured guarantees in such a manner that 20 per cent of a bank's out
DBOD No. BP.BC. 90/21.04.141/2001-02 April 18, 2002 All Commercial Banks (Except RRBs & LABs) Dear Sir, Exclusion of credit card outstanding from the norms relating to unsecured advances and guarantees Please refer to paragraphs 2.2 and 2.3 of our Master Circular DBOD.No.Dir.BC.13/13.03.00/2001-2002 dated August 13, 2001 wherein it was advised that banks should limit their commitments by way of unsecured guarantees in such a manner that 20 per cent of a bank's out
ਅਪ੍ਰੈ 12, 2002
Foreign Exchange Management Act, 1999 -
Export of goods and services - Reduction in value
A.P. (DIR Series) Circular No.38 (April 12, 2002)
Export of goods and services - Reduction in value
A.P. (DIR Series) Circular No.38 (April 12, 2002)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 A.P. (DIR Series) Circular No.38 April 12, 2002 To, All Authorised Dealers in Foreign Exchange Madam/Sirs, Foreign Exchange Management Act, 1999 – Export of goods and services – Reduction in value Attention of authorised dealers is invited to item (i) of paragraph C.12(b) of A.P. (DIR Series) Circular No.12 dated September 9, 2000 in terms of which authorised dealers have been permitted to
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 A.P. (DIR Series) Circular No.38 April 12, 2002 To, All Authorised Dealers in Foreign Exchange Madam/Sirs, Foreign Exchange Management Act, 1999 – Export of goods and services – Reduction in value Attention of authorised dealers is invited to item (i) of paragraph C.12(b) of A.P. (DIR Series) Circular No.12 dated September 9, 2000 in terms of which authorised dealers have been permitted to
ਅਪ੍ਰੈ 11, 2002
Issue of Smart Cards by banks
DBOD.No.FSC.BC. 88 /24.01.011A/2001-02April 11 , 2002All Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Issue of Smart Cards by banksIn terms of instructions contained in Circular DBOD. No.FSC.BC.123/24.01.019/ 99-2000 dated 12th November 1999 (Annexure I -item 3-Eligibility of Customers), banks were, inter alia, advised to issue smart/ debit cards to their customers having good financial standing and who have maintained the accounts satisfactorily for at least s
DBOD.No.FSC.BC. 88 /24.01.011A/2001-02April 11 , 2002All Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Issue of Smart Cards by banksIn terms of instructions contained in Circular DBOD. No.FSC.BC.123/24.01.019/ 99-2000 dated 12th November 1999 (Annexure I -item 3-Eligibility of Customers), banks were, inter alia, advised to issue smart/ debit cards to their customers having good financial standing and who have maintained the accounts satisfactorily for at least s
ਅਪ੍ਰੈ 11, 2002
Sale of Government of India Dated Securities by Auction
Ref.No.IDMC. 4529 /08.02.30.01/2001-02April 11, 2002To,All Scheduled Commercial Banks excluding RRBs/ All State Co-operative Banks/ All Scheduled Primary(Urban)Co-operative Banks/All Financial Institutions/ All Primary & Satellite Dealers.Dear Sirs,Sale of Government of India Dated Securities by AuctionGovernment of India have offered to sell a new dated security of 15 years tenure for Rs.6,000 crore (nominal) vide notification F. No.4(9)-W&M/2002 dated April
Ref.No.IDMC. 4529 /08.02.30.01/2001-02April 11, 2002To,All Scheduled Commercial Banks excluding RRBs/ All State Co-operative Banks/ All Scheduled Primary(Urban)Co-operative Banks/All Financial Institutions/ All Primary & Satellite Dealers.Dear Sirs,Sale of Government of India Dated Securities by AuctionGovernment of India have offered to sell a new dated security of 15 years tenure for Rs.6,000 crore (nominal) vide notification F. No.4(9)-W&M/2002 dated April
ਅਪ੍ਰੈ 11, 2002
Auction for Sale of Government Stock of 15 Years
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Economic Affairs) (Budget Division)New Delhi, the April 11, 2002 NOTIFICATIONAuction for Sale of Government Stock of 15 YearsF.No.4(9)-W&M/2002: Government of India hereby notifies sale of Government Stock (securities) of 15-Year tenure for an aggregate amount of Rs. 6,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as al
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Economic Affairs) (Budget Division)New Delhi, the April 11, 2002 NOTIFICATIONAuction for Sale of Government Stock of 15 YearsF.No.4(9)-W&M/2002: Government of India hereby notifies sale of Government Stock (securities) of 15-Year tenure for an aggregate amount of Rs. 6,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as al
ਅਪ੍ਰੈ 09, 2002
Financing for construction industry
IECD No. 18 /08.12.01/2001-02April 9, 2002The Chairmen / Chief Executives ofAll Commercial Banks,Dear Sir,Financing for construction industry As banks are aware, the ceiling in regard to grant of credit to construction companies prescribed in terms of our circular IECD No. 2/08.10.01/95-96 dated 25th July 1995 was withdrawn by issue of our circular IECD No.15/08.12.01/97-98 dated 4th November 1997. Presently, therefore, there is no ceiling in respect of fund-based and
IECD No. 18 /08.12.01/2001-02April 9, 2002The Chairmen / Chief Executives ofAll Commercial Banks,Dear Sir,Financing for construction industry As banks are aware, the ceiling in regard to grant of credit to construction companies prescribed in terms of our circular IECD No. 2/08.10.01/95-96 dated 25th July 1995 was withdrawn by issue of our circular IECD No.15/08.12.01/97-98 dated 4th November 1997. Presently, therefore, there is no ceiling in respect of fund-based and
ਅਪ੍ਰੈ 08, 2002
Customer Service - Reversal of Erroneous Debits
Arising on Fraudulent or Other Transactions
Arising on Fraudulent or Other Transactions
DBOD.LEG.BC.86 /09.07.007/2001-02April 8, 2002The Chairman / Chief ExecutiveAll Scheduled Commercial Banks(excluding RRBs)Dear Sir,Customer Service - Reversal of Erroneous DebitsArising on Fraudulent or Other TransactionsPlease refer to our circular DBOD.BP.BC. 57/21.01.001/95 dated May 4, 1995 (copy enclosed) advising banks to adhere to the guidelines and procedure for opening and operating deposit accounts to safeguard against unscrupulous persons opening accounts m
DBOD.LEG.BC.86 /09.07.007/2001-02April 8, 2002The Chairman / Chief ExecutiveAll Scheduled Commercial Banks(excluding RRBs)Dear Sir,Customer Service - Reversal of Erroneous DebitsArising on Fraudulent or Other TransactionsPlease refer to our circular DBOD.BP.BC. 57/21.01.001/95 dated May 4, 1995 (copy enclosed) advising banks to adhere to the guidelines and procedure for opening and operating deposit accounts to safeguard against unscrupulous persons opening accounts m
ਅਪ੍ਰੈ 02, 2002
Asset-Liability Management Guidelines
POT.SUCB.CIR. 9 /09.120.00/2001-022 April 2002The Chief Executive Officers, All Scheduled Urban Co-operative BanksDear Sir/Madam,Asset-Liability Management GuidelinesAs you are aware, Urban Co-operative Banks (UCBs) are now operating in a fairly deregulated environment and are required to determine their own interest rates on deposits, and interest rates on their advances are subject to only the Minimum Lending Rate (MLR) prescription. The interest rates on banks’ inv
POT.SUCB.CIR. 9 /09.120.00/2001-022 April 2002The Chief Executive Officers, All Scheduled Urban Co-operative BanksDear Sir/Madam,Asset-Liability Management GuidelinesAs you are aware, Urban Co-operative Banks (UCBs) are now operating in a fairly deregulated environment and are required to determine their own interest rates on deposits, and interest rates on their advances are subject to only the Minimum Lending Rate (MLR) prescription. The interest rates on banks’ inv
ਅਪ੍ਰੈ 02, 2002
Auction for Sale of Government Stock of 10 Years
GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division)New Delhi, the April 2, 2002NOTIFICATIONAuction for Sale of Government Stock of 10 YearsF. No.4(9)-W&M/2002(1): Government of India hereby notifies sale of Government Stock (securities) of 10-Year tenure for an aggregate amount of Rs. 4,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as als
GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division)New Delhi, the April 2, 2002NOTIFICATIONAuction for Sale of Government Stock of 10 YearsF. No.4(9)-W&M/2002(1): Government of India hereby notifies sale of Government Stock (securities) of 10-Year tenure for an aggregate amount of Rs. 4,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as als
ਅਪ੍ਰੈ 02, 2002
List of the Banks and PDs for Non-Competitive Bidding of Government of India- Securities
Andhra Bank: Maston Road, Kanpur, Tel. : 367900, Main Road, Vishakhapatnam Tel. : 566605 /562770, R R Apparao Street, Vijaywada, Tel. : 56405/404; Bank of Baroda: Fort Univeristy Mumbai Tel. . 2670614 / 2670620, Navrangpura Ahmedabad, Tel. . 7541936, Rajaji Salai Chennai, Tel. . 5232233, P.M.Road Bombay, Tel. . 2642074 / 2662343, India Exchantge Calcutta, Tel. . 2214240 / 2214468, Parliament Street New Delhi, Tel. : 3325557 / 3321849; Bank of India: Bhadra Ahmedabad,
Andhra Bank: Maston Road, Kanpur, Tel. : 367900, Main Road, Vishakhapatnam Tel. : 566605 /562770, R R Apparao Street, Vijaywada, Tel. : 56405/404; Bank of Baroda: Fort Univeristy Mumbai Tel. . 2670614 / 2670620, Navrangpura Ahmedabad, Tel. . 7541936, Rajaji Salai Chennai, Tel. . 5232233, P.M.Road Bombay, Tel. . 2642074 / 2662343, India Exchantge Calcutta, Tel. . 2214240 / 2214468, Parliament Street New Delhi, Tel. : 3325557 / 3321849; Bank of India: Bhadra Ahmedabad,
ਅਪ੍ਰੈ 02, 2002
Sale of Government of India Dated Securities by Auction
Ref.No.IDMC. 4343 /08.02.30.01/2001-02April 2, 2002To,All Scheduled Commercial Banks excluding RRBs/ All State Co-operative Banks/ All Scheduled Primary(Urban)Co-operative Banks/All Financial Institutions/ All Primary & Satellite Dealers.Dear Sirs,Sale of Government of India Dated Securities by AuctionGovernment of India have offered to sell two securities, viz., a new dated security of 7 years tenure for Rs.3,000 crore (nominal) vide notification F. No.4(9)-W&
Ref.No.IDMC. 4343 /08.02.30.01/2001-02April 2, 2002To,All Scheduled Commercial Banks excluding RRBs/ All State Co-operative Banks/ All Scheduled Primary(Urban)Co-operative Banks/All Financial Institutions/ All Primary & Satellite Dealers.Dear Sirs,Sale of Government of India Dated Securities by AuctionGovernment of India have offered to sell two securities, viz., a new dated security of 7 years tenure for Rs.3,000 crore (nominal) vide notification F. No.4(9)-W&
ਅਪ੍ਰੈ 02, 2002
Auction for Sale of Government Stock of 7 Years
GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division)New Delhi, the April 2, 2002NOTIFICATIONAuction for Sale of Government Stock of 7 YearsF. No. 4(9)-W&M/2002: Government of India hereby notifies sale of Government Stock (securities) of 7-Year tenure for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also th
GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division)New Delhi, the April 2, 2002NOTIFICATIONAuction for Sale of Government Stock of 7 YearsF. No. 4(9)-W&M/2002: Government of India hereby notifies sale of Government Stock (securities) of 7-Year tenure for an aggregate amount of Rs. 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also th
ਅਪ੍ਰੈ 02, 2002
Issue of General Insurance Policies in foreign currency
AP (DIR Series) Circular No. 36 (April 2, 2002)
AP (DIR Series) Circular No. 36 (April 2, 2002)
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001April 2, 2002AP (DIR Series) Circular No. 36To,All Authorised Dealers in Foreign ExchangeMadam / Sirs,Issue of General Insurance Policies in foreign currencyIn terms of paragraph B.2 of GIM requests for issue of general insurance policies in foreign currency other than those covered by the provisions of GIM require prior approval from the Reserve Bank. Approvals are granted by RBI on merits of
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai-400 001April 2, 2002AP (DIR Series) Circular No. 36To,All Authorised Dealers in Foreign ExchangeMadam / Sirs,Issue of General Insurance Policies in foreign currencyIn terms of paragraph B.2 of GIM requests for issue of general insurance policies in foreign currency other than those covered by the provisions of GIM require prior approval from the Reserve Bank. Approvals are granted by RBI on merits of
ਅਪ੍ਰੈ 01, 2002
Limit on Credit Exposure to Individual/Group of borrowers
Reserve Bank of IndiaCentral OfficeUrban Banks Department1st Floor, Garment HouseWorli, Mumbai - 400 018@@NBSP@@ 1 April 2002 11 Chaitra 1924(S)The Chief Executive Officers of all Primary (Urban) Co-operative BanksDear Sir/Madam, Limit on Credit Exposure to Individual/Group of borrowersPlease refer to our circular DS.PCB.Cir.39/13.05.00/95-96 dated 16 January 1996 on the captioned subject. In terms of paragraph 2 of the circular, banks had been advised that the exerci
Reserve Bank of IndiaCentral OfficeUrban Banks Department1st Floor, Garment HouseWorli, Mumbai - 400 018@@NBSP@@ 1 April 2002 11 Chaitra 1924(S)The Chief Executive Officers of all Primary (Urban) Co-operative BanksDear Sir/Madam, Limit on Credit Exposure to Individual/Group of borrowersPlease refer to our circular DS.PCB.Cir.39/13.05.00/95-96 dated 16 January 1996 on the captioned subject. In terms of paragraph 2 of the circular, banks had been advised that the exerci
ਅਪ੍ਰੈ 01, 2002
Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2002
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001 Notification No. FEMA57/2002-RBDated April 01, 2002Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2002In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of Section 7 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 23/200
RESERVE BANK OF INDIA(EXCHANGE CONTROL DEPARTMENT)CENTRAL OFFICEMUMBAI 400 001 Notification No. FEMA57/2002-RBDated April 01, 2002Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2002In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of Section 7 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 23/200
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