Notifications

6th December 2005 Draft Guidelines on Outsourcing of Financial Services by banks The world over, banks are increasingly using outsourcing, to third parties who may be unrelated or member of the group/conglomerate as a means of both reducing cost and accessing specialist expertise, not available internally and achieving strategic aims. Outsourcing brings in its wake, several risks like Strategic Risk, Reputation Risk, Compliance Risk, Operational Risk, Exit Strategy Ri

Reserve Bank of IndiaExchange Control DepartmentIntroduction of Foreign currency-Rupee OptionsA draft circular on " Foreign currency-Rupee Options " is annexed herewith. Authorised Dealers may forward their comments to the Chief General Manager, Exchange Control Department. Forex Markets Division, Reserve Bank of India, Central Office, Mumbai 400 001, by FAX (022- 22611427), by 20th March 2003.A.RajalakshmiAsst. General ManagerDraft Circular for Comments Reserve Bank

RPCD. Plan. BC. 16 / 04.09.01/ 2001-0229 August 2001The Chairman/ Managing Director / Chief Executive Officer [All scheduled commercial banks] Dear Sir, Priority sector lending – Loans to food and agro-based processing sectorPlease refer to our circular letter No. RPCD. Plan. BC. 60/ 04.09.01/ 98-99 dated 28 January 1999 advising that loans to food and agro-based processing sector would be included under priority sector advances. We have now been advised by Government