Notifications

RBI/2013-14/506 UBD CO BPD (PCB) Cir. No. 49/12.05.001/2013-14 February 28, 2014 To All Multi-State Urban Co-operative Banks Madam / Dear Sir, Guidelines on ‘Fit and Proper Criteria’ for Chief Executive Officers (CEOs) of Multi-State Urban Co-operative Banks Please refer to the circular No R-11017/17/2011-L&M dated August 16, 2011 issued by Government of India, Ministry of Agriculture, Department of Agriculture and Co-operation on the captioned subject.(copy enclo

RBI/2013-14/503 DBOD.BP.BC.No.97/21.04.132/2013-14 February 26, 2014 All Scheduled Commercial Banks (excluding RRBs) All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Framework for Revitalising Distressed Assets in the Economy – Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP) Please refer to the Framework for Revitalising Distress Assets in the Economy placed on our website on January 30, 2014. A

RBI/2013-14/502 DBOD.BP.BC.No. 98/21.04.132/2013-14 February 26, 2014 All Scheduled Commercial Banks (excluding RRBs)All-India Term-lending and Refinancing Institutions(Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Framework for Revitalising Distressed Assets in the Economy - Refinancing of Project Loans, Sale of NPA and Other Regulatory Measures Please refer to paragraphs 5 and 8 to 12 of the Framework for Revitalising Distressed Assets in the Economy, placed on our we

RBI/2013-14/501 DIT CO No.1857/07.71.099/2013-14 February 26, 2014 The Chief Information Security Officer (CISO) All Scheduled Commercial banks Dear Sir Security Incident Tracking Platform- Reporting thereon Information on Security, particularly security incidents, external attacks, internal compromises etc. is unique to each bank. Sharing of such information/ incidents/experiences would greatly benefit banks in taking appropriate preventive/corrective measures. As of

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 Notification No.FEMA. 295/2014-RB Dated : February 24 , 2014 Foreign Exchange Management (Establishment in India of Branch or Office or Other Place of Business) (Amendment) Regulations, 2014 In exercise of the powers conferred by sub section (6) of Section 6 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following amendments to the Foreign Exchange Ma

RBI/2013-14/499 A.P. (DIR Series) Circular No.108 February 24, 2014 To All Category – I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 10 million to the Government of the Republic of Nicaragua Export-Import Bank of India (Exim Bank) has entered into an Agreement dated June 14, 2013 with the Government of the Republic of Nicaragua for making available to the latter, a Line of Credit (LOC) of USD 10 million (USD Ten million ) for financing eligib

RBI/2013-14/498 A.P. (DIR Series) Circular No.107 February 20, 2014 To All Category – I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment (FDI) into a Small Scale Industrial Undertakings (SSI) / Micro & Small Enterprises (MSE) and in Industrial Undertaking manufacturing items reserved for SSI/MSE Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Schedule 1 of the Foreign Exchange Management (Transfer or Issue of Security

RBI/2013-14/497 UBD.BPD (PCB) Cir.No. 48/14.01.062/2013-14 February 18, 2014 The Chief Executive Officer All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Know Your Customer (KYC) Norms /Anti-Money Laundering (AML) Standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under Prevention of Money Laundering Act (PMLA), 2002 – Amendment to Section 13(2) – Primary (Urban) Cooperative Banks (UCBs) Please refer to our Master Circular UBD.BPD. (PCB).

RBI/2013-14/496 A.P (DIR Series) Circular No. 106 February 18, 2014 To, All Category- I Authorised Dealer Banks Madam / Sir, Facilities to NRIs/PIOs and Foreign Nationals – Liberalisation - Reporting Requirement Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 12 dated November 16, 2006 in terms of which the lock-in period of 10 years for remittance of sale proceeds of immovable property was dispensed wit

RBI/2013-14/495 A. P. (DIR Series) Circular No. 105 February 17, 2014 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) – Reporting arrangements Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000, as amended from time to time and A.P. (DIR Serie