Regulating Commercial Banking

RBI/2010-11/352 DPSS. CO. CHD. No. 1514 / 03.01.03 / 2010-2011 January 4, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks Madam / Dear Sir, Enhancing the scope of Speed Clearing A reference is invited to our circulars DPSS.CO. 1808 / 03.01.02 / 2007-08 dated May 5, 2008 and DPSS.CO.No. 517 / 03.01.02(

RBI/2010-11/314 RPCD.GSSD .BC.No.30@@NBSP@@ /09.01.01/2010 -11 December 15, 2010 The Chairman /Managing DirectorAll Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Swarnajayanti Gram Swarozgar Yojana (SGSY) - Group Life Insurance Scheme Please refer to Para 9 of our Master Circular RBI /2010-11-56-RPCD.SP.BC.No.7/09.01.01/2010 - 11 dated July 1, 2010 on Priority Sector Lending@@NBSP@@ -@@NBSP@@@@NBSP@@ Special Programmes@@NBSP@@ -@@NBSP@@ Swarnajayanti Gram Swar

RBI/2010-11/305 RPCD.SME & NFS.BC.No. 35@@NBSP@@/06.02.31 (P)/2010-11 December 6, 2010 To, The Chairman / Managing Director All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir Ownership of units – Two or more undertakings under the same ownership – Status of the unit Please refer to our circular RPCD.No.PLNFS.No.BC.67/06.03.01/93-94@@NBSP@@dated November 22, 1993 on the captioned subject (copy enclosed) wherein banks were advised to follow the guideli

RBI/2010-11/273 DPSS (CO) RTGS No.1605/04.08.002/2010-11 November 12, 2010 To All CFMS Members Dear Sir, Up-gradation of CFMS System to Windows 2008 As you are aware that CFMS system is presently running on Windows 2000 advanced server with IBM Websphere MQ series 5.3. 2. It has been decided to upgrade CFMS system to the latest available software versions i.e. Microsoft Windows 2008 Enterprise Edition and IBM Websphere MQ series 7.0. 3. In order to facilitate the upgr

RBI/2010-11/265 DPSS (CO) RTGS No.1051 / 04.04.002 / 2010-2011 November 9, 2010 Chairman and Managing Director / Chief Executive Officer of all banks participating in RTGS and NEFT Madam / Dear Sir, Electronic Funds Transfer Infrastructure in India – Usage of RTGS and NEFT Please refer to our circular DPSS (CO) RTGS No. 1008 / 04.04.002 / 2010-2011 dated November 3, 2010 on the captioned subject. 2. Based on requests received from the participant member banks, it is c

RBI/2010-11/259 DPSS (CO) RTGS No.1008/04.04.002/2010-2011 November 03, 2010 Chairman and Managing Director /Chief Executive Officer of all banks participating in RTGS and NEFT Madam / Dear Sir, Electronic Funds Transfer Infrastructure in India – Usage of RTGS and NEFT Please refer to our earlier circulars DPSS (CO) RTGS No. 729/04.04.002/2006 – 2007 dated December 1, 2006 (introducing the threshold value limit for customer transactions in RTGS to Rs 1 lakh) and DPSS

RBI/2010-11/200 DPSS.CO.AD.No.552/02.27.004/2010-2011 September 15, 2010 All the entities Authorized to operate Payment Systems in India Madam/Dear Sir Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Seco

RBI/2010-11/190 DPSS.CO.CHD.No.485/03.06.01/2010-11 September 1, 2010 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam / Dear Sir, Dishonour / Return of Cheques - Need to Mention the 'Date of Return' in the Cheque Return Memo As you are aware, the 'Cheque Return Memo' that should accompany a cheque dishonoured / re

RBI/2009-10/452 DPSS.CO (CHD) No. 2387/03.06.01/2009-2010 May 6, 2010 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam / Dear Sir, Levy of interest on clearing-related overdraft extended by Clearing House managing banks for settling clearing obligations of member banks As you are aware, in terms of provisions conta

RBI/2009-10/426 DBOD.Dir.(Exp).BC.No.94/04.02.001/2009-10 April 23, 2010 All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam, Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp).BC.No.26 /04.02.001/2009-10 dated July 31, 2009. In this connection, the Government of India has decided to extend Interest Subvention of 2 percentage points w.e.f. April 1, 2010 to March 31, 2011 on pre and post shipment rupee credit, for certain employ