Notifications

RBI 2011-12/266 DBS.FrMC.BC.No.4/23.04.001/2011-12 November 21, 2011 The Chairmen & Chief Executive Officers of all Scheduled Commercial Banks (excluding RRBs) and All India Select Financial Institutions Dear Sir, Frauds – Classification and Reporting Please refer to our letter DBS. FrMC. BC. No.1 /23.04.001/2011-12 dated July 01, 2011 forwarding the Master Circular on 'Frauds – Classification and Reporting'. 2. Following the constitution of Financial Conglomerate

RBI/2011-12/267 A.P. (DIR Series) Circular No. 48 November 21, 2011 To @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ All Category-I Authorised Dealer Banks Madam / Sir, Mid – Sea Trans-shipment of catch by Deep Sea Fishing Vessel Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Regulation 3 of Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 notified vide Notification No. FEMA 23/2000-RB dated May 3,

RBI/2011-12/264 A.P. (DIR Series) Circular No. 47 November 17, 2011 To All Category – I Authorized Dealer Banks Madam/Sir, “Set-off” of export receivables against import payables- Liberalization of Procedure Attention of Authorized Dealer Category – I (AD Category – I) banks is invited to the fact that the requests received from the exporters through their AD branches for set-off of export receivables against import payables are considered by the Reserve Bank of India

RBI/2011-12/263 DPSS (CO) EPPD No. /838/04.03.01/2011-12 November 17, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks / Regional Rural Banks Madam / Dear Sir, NEFT - Access Criteria for Regional Rural Banks (RRBs) Please refer to our circular DPSS.CO.OD. 494 / 04.04.009 / 2011-12 dated September 21, 2011 laying down the access criteria for payment systems. We have been receiving many queries from banks on applicability

RBI/2011-12/261 UBD.BPD.(PCB)CIR No. 11/13.01.000/2011-12 November@@NBSP@@@@NBSP@@ 17, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir, Repayment of Term/Fixed Deposits in banks It has come to our notice that some banks insist on the signatures of both the depositors to allow repayment of money in fixed/term deposits, though the deposit account is opened with operating instructions (sometimes called ‘repayment instructions’), ‘Either

RBI/2011-12/262 A.P. (DIR Series) Circular No. 46 November 17, 2011 To, All Authorised Dealer Category I Banks Madam/ Sir, Overseas forex trading through electronic / internet trading portals Attention of the Authorised Dealer Category - I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No. 53 dated April 07, 2011 wherein AD Category I banks were advised to exercise due caution and be extra vigilant in respect of the margin payments being made by the

RBI/2011-12/259 A.P. (DIR Series) Circular No. 45 November 16, 2011 To, All Category – I Authorised Dealer banks Madam / Sir, Foreign Direct Investment – Reporting of issue / transfer of ‘participating interest/right’ in oil fields to a non resident as an Foreign Direct Investment transaction Attention of Authorized Dealers Category –I (AD Category-I) banks is invited to Regulations 9 and 10 and para 9 of Schedule I to the Foreign Exchange Management (Transfer of Issu

RBI/2011-12/258 DBOD.DIR.No. 52 /04.02.001/2011-12 November 15, 2011 All Scheduled Commercial Banks Dear Sir/Madam, Interest Rates on Export Credit in Foreign Currency Please refer to our circular DBOD.DIR.(Exp).No.76/04.02.001/2009-10 dated February 19, 2010 as also paragraph 7 of Master Circular on Rupee/Foreign Currency Export Credit and Customer Service to Exporters dated July 01, 2011@@NBSP@@ relating to export credit in foreign currency. 2. Keeping in view the t

RBI/2011 -12/257 A. P. (DIR Series) Circular No. 44 November 15, 2011 To, All Category - I Authorised Dealer Banks Madam / Sir, Trade Credits for Imports into India – Review of all-in-cost ceiling Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A. P. (DIR Series) Circular No. 27 dated October 27, 2008 relating to the all-in-cost ceiling of Trade Credits for imports into India. 2. @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@ On

Ref.No.IDMD /2008 /08.02.032/2011-12 November 14, 2011 All Scheduled Commercial Banks / 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 (re-issue) (a) “7.83 percent Government Stock 2018 ” for a notified amount of Rs.4,000 crore (nominal) through a price based auction using uniform price meth