Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934 - "Credit Agricole Indosuez" to "Calyon Bank"

RBI / 2004 / 20 DBOD.Ret.BC.No. 2 /12.06.063/2004-05 6th July 2004 All Scheduled Commercial Banks Dear Sir Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934 - "Credit Agricole Indosuez" to "Calyon Bank" We advise that the name of "Credit Agricole Indosuez" has been changed to "Calyon Bank" in the Second Schedule to the Reserve Bank of India, 1934 with effect from 22nd May 2004, i.e. the date on which the relative notification

RBI / 2004 / 20 DBOD.Ret.BC.No. 2 /12.06.063/2004-05 6th July 2004 All Scheduled Commercial Banks Dear Sir Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934 - "Credit Agricole Indosuez" to "Calyon Bank" We advise that the name of "Credit Agricole Indosuez" has been changed to "Calyon Bank" in the Second Schedule to the Reserve Bank of India, 1934 with effect from 22nd May 2004, i.e. the date on which the relative notification

Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934 - "Credit Agricole Indosuez" to "Calyon Bank"

Housing Finance

Ref. RBI/2004-05/23 Ref.DBOD.(IECS)No.47/03.27.25/2004-2005 July 3, 2004 Chairman and Managing Directors/Chief Executive Officers of All Commercial Bank Dear Sir Housing Finance Please refer to our Master Circular on Housing Finance IECD.No.(HF)4/03.27.25/ 2003-04 dated 29th December 2003. 2. As per paragraph 2.3(iv) of the Circular, bank finance granted only for purchase of a plot is treated as direct housing finance, provided a declaration is obtained from the borro

Ref. RBI/2004-05/23 Ref.DBOD.(IECS)No.47/03.27.25/2004-2005 July 3, 2004 Chairman and Managing Directors/Chief Executive Officers of All Commercial Bank Dear Sir Housing Finance Please refer to our Master Circular on Housing Finance IECD.No.(HF)4/03.27.25/ 2003-04 dated 29th December 2003. 2. As per paragraph 2.3(iv) of the Circular, bank finance granted only for purchase of a plot is treated as direct housing finance, provided a declaration is obtained from the borro

Housing Finance

Issue of Smart/Debit Cards

RBI/2003-04/275DBOD No. FSC.BC. 106/24.01.019/2003-04 June 30, 2004All Scheduled Commercial BanksDear Sir,Issue of Smart/ Debit Cards At present, smart cards/ debit cards/ stored value cards/ value added cards etc. can be issued only by banks and non-banking entities are not permitted to issue such cards. Besides, in terms of the paragraph 2 of our Circular DBOD.No. FSC.BC.123/24.01.019/99-2000 dated November 12, 1999, banks were advised that they should not issue sma

RBI/2003-04/275DBOD No. FSC.BC. 106/24.01.019/2003-04 June 30, 2004All Scheduled Commercial BanksDear Sir,Issue of Smart/ Debit Cards At present, smart cards/ debit cards/ stored value cards/ value added cards etc. can be issued only by banks and non-banking entities are not permitted to issue such cards. Besides, in terms of the paragraph 2 of our Circular DBOD.No. FSC.BC.123/24.01.019/99-2000 dated November 12, 1999, banks were advised that they should not issue sma

Issue of Smart/Debit Cards

Fit and proper criteria for directors of banks

RBI/2004/268 DBOD.No.BC.105/08.139.001/2003-04 June 25, 2004 The Chairmen and Managing Directors / Chief Executive Officers of banks in private sector Dear Sir, ‘Fit and proper’ criteria for directors of banks Please refer to our circular DBOD.No.BC.116/08.139.001/2001-02 dated June 20, 2002, forwarding a list of recommendations of Dr. Ganguly Group Report to be implemented by banks based on the decision taken by the Board. The Group, inter alia, recommended that bank

RBI/2004/268 DBOD.No.BC.105/08.139.001/2003-04 June 25, 2004 The Chairmen and Managing Directors / Chief Executive Officers of banks in private sector Dear Sir, ‘Fit and proper’ criteria for directors of banks Please refer to our circular DBOD.No.BC.116/08.139.001/2001-02 dated June 20, 2002, forwarding a list of recommendations of Dr. Ganguly Group Report to be implemented by banks based on the decision taken by the Board. The Group, inter alia, recommended that bank

Fit and proper criteria for directors of banks

Annual Policy Statement for the year 2004-05 - Prudential Norms for Agricultural Advances

RBI/ 2004/ 264DBOD.BP.BC. 102 / 21.04.048/ 2003-04 June 24, 2004 All Scheduled Commercial Banks(Excluding RRBs)Dear Sir, Annual Policy Statement for the year 2004-05 – Prudential Norms for Agricultural AdvancesIn terms of paragraph No. 4.2.12 of the Master Circular DBOD.No.BP.BC.15/ 21.04.048/ 2002-03 dated August 22, 2003 relating to income recognition, asset classification and provisioning, all direct agricultural advances as listed in the Annexure II to the circula

RBI/ 2004/ 264DBOD.BP.BC. 102 / 21.04.048/ 2003-04 June 24, 2004 All Scheduled Commercial Banks(Excluding RRBs)Dear Sir, Annual Policy Statement for the year 2004-05 – Prudential Norms for Agricultural AdvancesIn terms of paragraph No. 4.2.12 of the Master Circular DBOD.No.BP.BC.15/ 21.04.048/ 2002-03 dated August 22, 2003 relating to income recognition, asset classification and provisioning, all direct agricultural advances as listed in the Annexure II to the circula

Annual Policy Statement for the year 2004-05 - Prudential Norms for Agricultural Advances

Guidelines on Capital Charge for Market risks

RBI/2004/263DBOD.No.BP.BC. 103 / 21.04.151/ 2003-04 June 24, 2004The Chief Executives ofAll Scheduled Commercial Banks(excluding RRBs)Dear Sir,Guidelines on Capital Charge for Market risksThe Basel Committee on Banking Supervision (BCBS) had issued the ‘Amendment to the Capital Accord to incorporate market risks’ containing comprehensive guidelines to provide explicit capital charge for market risks. In India, as an initial step towards prescribing capital charge for

RBI/2004/263DBOD.No.BP.BC. 103 / 21.04.151/ 2003-04 June 24, 2004The Chief Executives ofAll Scheduled Commercial Banks(excluding RRBs)Dear Sir,Guidelines on Capital Charge for Market risksThe Basel Committee on Banking Supervision (BCBS) had issued the ‘Amendment to the Capital Accord to incorporate market risks’ containing comprehensive guidelines to provide explicit capital charge for market risks. In India, as an initial step towards prescribing capital charge for

Guidelines on Capital Charge for Market risks

Annual Policy Statement for the year 2004-05 : Additional Provisioning Requirement for NPAs

RBI/2004/261DBOD.No.BP.BC. 99 /21.04.048/ 2003-2004 June 21, 2004 All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Annual Policy Statement for the year 2004-05 : Additional Provisioning Requirement for NPAsAt present, banks are required to make provisions on NPAs on a graded scale based on the age of the NPA. However, in respect of NPAs included in 'doubtful for more than three years' category, the provisioning requirement on the secured portion remains unchange

RBI/2004/261DBOD.No.BP.BC. 99 /21.04.048/ 2003-2004 June 21, 2004 All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Annual Policy Statement for the year 2004-05 : Additional Provisioning Requirement for NPAsAt present, banks are required to make provisions on NPAs on a graded scale based on the age of the NPA. However, in respect of NPAs included in 'doubtful for more than three years' category, the provisioning requirement on the secured portion remains unchange

Annual Policy Statement for the year 2004-05 : Additional Provisioning Requirement for NPAs

Guidelines on KYC Norms - Existing Accounts

RBI/2004/259DBOD.AML.BC.No.101/14.01.001/2003-04June 21, 2004The Chief Executives of all Commercial Banks(excluding RRBs)Dear Sir,Guidelines on KYC Norms - Existing Accounts Please refer to our circular DBOD.No.AML.BC.18/14.01.001/2002-03 dated August 16, 2002 on the above subject. It was advised in paragraph 3 of the above circular that in case of any omission in respect of the existing accounts, KYC procedures may be completed at the earliest. Further, vide our circ

RBI/2004/259DBOD.AML.BC.No.101/14.01.001/2003-04June 21, 2004The Chief Executives of all Commercial Banks(excluding RRBs)Dear Sir,Guidelines on KYC Norms - Existing Accounts Please refer to our circular DBOD.No.AML.BC.18/14.01.001/2002-03 dated August 16, 2002 on the above subject. It was advised in paragraph 3 of the above circular that in case of any omission in respect of the existing accounts, KYC procedures may be completed at the earliest. Further, vide our circ

Guidelines on KYC Norms - Existing Accounts

Annual Policy Statement for the year 2004-05 - Prudential Credit Exposure Limits by Banks

June 21, 2004RBI/2004/ 260DBOD.NO.BP.BC. 100/ 21.03.054/2003-04All scheduled commercial banks(excluding RRBs)Dear Sir, Annual Policy Statement for the year 2004-05 - Prudential Credit Exposure Limits by BanksPlease refer to our Circular No. DBOD.BP.BC.116/21.04.48/2001-02 dated May 2, 2001 and Circular No. DBOD.BP.BC.67/21.04.48/2002-03 dated February 4. 2003, wherein it was advised that banks are allowed to assume single or group borrower credit exposure up to 15 and

June 21, 2004RBI/2004/ 260DBOD.NO.BP.BC. 100/ 21.03.054/2003-04All scheduled commercial banks(excluding RRBs)Dear Sir, Annual Policy Statement for the year 2004-05 - Prudential Credit Exposure Limits by BanksPlease refer to our Circular No. DBOD.BP.BC.116/21.04.48/2001-02 dated May 2, 2001 and Circular No. DBOD.BP.BC.67/21.04.48/2002-03 dated February 4. 2003, wherein it was advised that banks are allowed to assume single or group borrower credit exposure up to 15 and

Annual Policy Statement for the year 2004-05 - Prudential Credit Exposure Limits by Banks

Annual Policy Statement for the year 2004-05 - Prudential Guidelines on Unsecured Exposures

RBI/2004/254DBOD No. BP. BC. No. 97 /21.04.141/2003-04June 17, 2004All Scheduled Commercial Banks(excluding RRBs) Dear Sir, Annual Policy Statement for the year 2004-05 -Prudential Guidelines on Unsecured Exposures Please refer to paragraph 4(iii) of our circular DBOD NO. Sch. 666/ C.96Z-67-3 May 3, 1967 wherein it was stated that banks should limit their commitments by way of unsecured guarantees in such a manner that 20 per cent of a bank’s outstanding unsecure

RBI/2004/254DBOD No. BP. BC. No. 97 /21.04.141/2003-04June 17, 2004All Scheduled Commercial Banks(excluding RRBs) Dear Sir, Annual Policy Statement for the year 2004-05 -Prudential Guidelines on Unsecured Exposures Please refer to paragraph 4(iii) of our circular DBOD NO. Sch. 666/ C.96Z-67-3 May 3, 1967 wherein it was stated that banks should limit their commitments by way of unsecured guarantees in such a manner that 20 per cent of a bank’s outstanding unsecure

Annual Policy Statement for the year 2004-05 - Prudential Guidelines on Unsecured Exposures