Customer information

RBI/2004/ 195DBOD.AML.BC.NO.83/ 14.01.001/ 2003-2004 May 12, 2004 To The Chief Executives of all Commercial Banks (excluding RRBs) Dear Sir, Customer information Please refer to our circular DBOD.AML.BC.18 / 14.01.001/ 2002-2003 dated 16th August 2002 on ' Know Your Customer ' (KYC) stipulating collection of certain information by banks while opening accounts of the customers. While complying with the above requirements, banks also collect a lot of additional personal

RBI/2004/ 195DBOD.AML.BC.NO.83/ 14.01.001/ 2003-2004 May 12, 2004 To The Chief Executives of all Commercial Banks (excluding RRBs) Dear Sir, Customer information Please refer to our circular DBOD.AML.BC.18 / 14.01.001/ 2002-2003 dated 16th August 2002 on ' Know Your Customer ' (KYC) stipulating collection of certain information by banks while opening accounts of the customers. While complying with the above requirements, banks also collect a lot of additional personal

Customer information

Guidelines on compliance with Accounting Standards (AS) by banks

PRD/2004/ 187DBOD No.BP.BC. 82 /21.04.018/2003-04 April 30, 2004All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Guidelines on compliance with Accounting Standards (AS) by banksPlease refer to our circular DBOD No.BP.BC.89/21.04.018/2002-03 dated March 29, 2003 which contained detailed guidelines pertaining to the following Accounting Standards which are already operational. AS 5, AS 9, AS 15, AS 17, AS 18, AS 22, AS 23, AS 25, and AS 27.These guidelines were ba

PRD/2004/ 187DBOD No.BP.BC. 82 /21.04.018/2003-04 April 30, 2004All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Guidelines on compliance with Accounting Standards (AS) by banksPlease refer to our circular DBOD No.BP.BC.89/21.04.018/2002-03 dated March 29, 2003 which contained detailed guidelines pertaining to the following Accounting Standards which are already operational. AS 5, AS 9, AS 15, AS 17, AS 18, AS 22, AS 23, AS 25, and AS 27.These guidelines were ba

Guidelines on compliance with Accounting Standards (AS) by banks

Information System Audit - A review of Policies and Practices

RBI/2004/191DBS.CO.OSMOS.BC/ 11 /33.01.029/2003-04 April 30, 2004 To All Scheduled Commercial Banks (excl. RRBs & LABs) Dear Sir, Information System Audit - A review of Policies and Practices As you are aware, Reserve Bank of India has been taking many initiatives in sensitising Banks to the risks and concerns that emerge from adoption of information technology. Various committee reports, instructions and circulars have been issued from time to time towards assist

RBI/2004/191DBS.CO.OSMOS.BC/ 11 /33.01.029/2003-04 April 30, 2004 To All Scheduled Commercial Banks (excl. RRBs & LABs) Dear Sir, Information System Audit - A review of Policies and Practices As you are aware, Reserve Bank of India has been taking many initiatives in sensitising Banks to the risks and concerns that emerge from adoption of information technology. Various committee reports, instructions and circulars have been issued from time to time towards assist

Information System Audit - A review of Policies and Practices

Declaration of dividends by banks

RBI/2004/176DBOD.NO.BP.BC.80/ 21.02.067/2003-04 April 23, 2004All Scheduled commercial banksDear Sir,Declaration of dividends by banksThe policy approach adopted by the Reserve Bank with regard to payment of dividends by banks has been recently reviewed in consultation with the Standing Technical Advisory Committee on Financial Regulation (STACFR) and it has been decided that the regulatory focus with regard to payment of dividend by banks should shift from ‘quantum o

RBI/2004/176DBOD.NO.BP.BC.80/ 21.02.067/2003-04 April 23, 2004All Scheduled commercial banksDear Sir,Declaration of dividends by banksThe policy approach adopted by the Reserve Bank with regard to payment of dividends by banks has been recently reviewed in consultation with the Standing Technical Advisory Committee on Financial Regulation (STACFR) and it has been decided that the regulatory focus with regard to payment of dividend by banks should shift from ‘quantum o

Declaration of dividends by banks

Committee on Procedures and Performances Audit on Public Services - Report No. III - Banking Operations : Deposit Accounts & Other Facilities relating to Individuals (Non-business)

RBI/2004/175 DBOD.No. Dir. BC. 78/13.03.00/2003-04 April 22, 2004 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Committee on Procedures and Performances Audit on Public Services – Report No. III – Banking Operations : Deposit Accounts & Other Facilities relating to Individuals (Non-business) Please refer to the DO letter dated April 6, 2004 addressed to you by our Executive Director, Smt. Shyamala Gopinath on the above subject. 2. The recommendations o

RBI/2004/175 DBOD.No. Dir. BC. 78/13.03.00/2003-04 April 22, 2004 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Committee on Procedures and Performances Audit on Public Services – Report No. III – Banking Operations : Deposit Accounts & Other Facilities relating to Individuals (Non-business) Please refer to the DO letter dated April 6, 2004 addressed to you by our Executive Director, Smt. Shyamala Gopinath on the above subject. 2. The recommendations o

Committee on Procedures and Performances Audit on Public Services - Report No. III - Banking Operations : Deposit Accounts & Other Facilities relating to Individuals (Non-business)

Relaxation to Trade and Industry in the State of Jammu and Kashmir

RBI/2004/108 DBOD.BP.BC.77 /21.04.012/ 2003-04 April 21, 2004 The Chairman of all Scheduled Commercial Banks (excluding RRBs) Dear Sir, RELAXATION TO TRADE AND INDUSTRY IN THE STATE OF JAMMU AND KASHMIR Please refer to our circular DBOD.No.BP.BC.97/21.04.012/2002-2003 dated 24th April 2003 extending the period of concessions/credit relaxations to borrowers/customers in Jammu and Kashmir up to 31 March 2004. 2. With a view to ensuring larger flow of credit to trade and

RBI/2004/108 DBOD.BP.BC.77 /21.04.012/ 2003-04 April 21, 2004 The Chairman of all Scheduled Commercial Banks (excluding RRBs) Dear Sir, RELAXATION TO TRADE AND INDUSTRY IN THE STATE OF JAMMU AND KASHMIR Please refer to our circular DBOD.No.BP.BC.97/21.04.012/2002-2003 dated 24th April 2003 extending the period of concessions/credit relaxations to borrowers/customers in Jammu and Kashmir up to 31 March 2004. 2. With a view to ensuring larger flow of credit to trade and

Relaxation to Trade and Industry in the State of Jammu and Kashmir

Appointment of statutory auditors in banks - obtention of declaration of indebtedness

RBI/2004/161Ref.DBS.ARS.No. B.C. 09 /08.91.001/2003-04April 20, 2004All Scheduled Commercial Banks, LABs and RRBs  Dear Sir,Appointment of statutory auditors in banks – obtention of declaration of indebtednessReserve Bank of India had recently examined the issue relating to denial of statutory branch audit to an audit firm which was a wilful defaulter to a bank other than the one in which it was carrying out statutory audit. It has therefore been decided that ban

RBI/2004/161Ref.DBS.ARS.No. B.C. 09 /08.91.001/2003-04April 20, 2004All Scheduled Commercial Banks, LABs and RRBs  Dear Sir,Appointment of statutory auditors in banks – obtention of declaration of indebtednessReserve Bank of India had recently examined the issue relating to denial of statutory branch audit to an audit firm which was a wilful defaulter to a bank other than the one in which it was carrying out statutory audit. It has therefore been decided that ban

Appointment of statutory auditors in banks - obtention of declaration of indebtedness

Appointment of Statutory Central Auditors of Associate Banks of SBI - Payment of fees for certifying data for the preparation of CFS of SBI Group

RBI/2004/163 Ref.DBS.ARS.No.BC. 10 / 08.92.001/ 2003-04 April 20, 2004CONFIDENTIALThe Managing Director, Associate Banks of SBIDear Sir, Appointment of Statutory Central Auditors of Associate Banks of SBI - Payment of fees for certifying data for the preparation of CFS of SBI Group Please refer to our circular DBS.ARS.No.BC.7/08.92.001/2003-04 dated March 17, 2004 advising the revised schedule of audit fees and other related remuneration payable to the statutory centr

RBI/2004/163 Ref.DBS.ARS.No.BC. 10 / 08.92.001/ 2003-04 April 20, 2004CONFIDENTIALThe Managing Director, Associate Banks of SBIDear Sir, Appointment of Statutory Central Auditors of Associate Banks of SBI - Payment of fees for certifying data for the preparation of CFS of SBI Group Please refer to our circular DBS.ARS.No.BC.7/08.92.001/2003-04 dated March 17, 2004 advising the revised schedule of audit fees and other related remuneration payable to the statutory centr

Appointment of Statutory Central Auditors of Associate Banks of SBI - Payment of fees for certifying data for the preparation of CFS of SBI Group

Interest rates on Deposits under Non Resident (External) Rupee Account (NRE Accounts)

  RBI/2004/151 DBOD. No. Dir. BC.76/13.01.09/2003-04 April 17, 2004   All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir, Interest rates on Deposits under Non Resident (External) Rupee Account (NRE Accounts) Please refer to Annexures I and Annexures II to our Master Circular DBOD. Dir. BC. 11/13.03.00/2003-04 dated August 14, 2003 as amended from time to time specifying interest rates on deposits of money accepted or renewed under different ca

  RBI/2004/151 DBOD. No. Dir. BC.76/13.01.09/2003-04 April 17, 2004   All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir, Interest rates on Deposits under Non Resident (External) Rupee Account (NRE Accounts) Please refer to Annexures I and Annexures II to our Master Circular DBOD. Dir. BC. 11/13.03.00/2003-04 dated August 14, 2003 as amended from time to time specifying interest rates on deposits of money accepted or renewed under different ca

Interest rates on Deposits under Non Resident (External) Rupee Account (NRE Accounts)

Committee on Procedures and Performance Audit on Public Services - Report No. 3 - Banking Operations : Deposit Accounts and Other Facilities Relating to Individuals (Non-business)

RBI / 2004 / 140DBOD.No.Leg.BC 74/09.07.005/2003-04 April 10, 2004 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Committee on Procedures and Performance Audit on Public Services - Report No. 3 - Banking Operations : Deposit Accounts and Other Facilities Relating to Individuals (Non-business) Please refer to D.O.letter dated April 6, 2004 addressed to you by our Executive Director, Smt. Shyamala Gopinath on the above subject. The recommendations of the Comm

RBI / 2004 / 140DBOD.No.Leg.BC 74/09.07.005/2003-04 April 10, 2004 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Committee on Procedures and Performance Audit on Public Services - Report No. 3 - Banking Operations : Deposit Accounts and Other Facilities Relating to Individuals (Non-business) Please refer to D.O.letter dated April 6, 2004 addressed to you by our Executive Director, Smt. Shyamala Gopinath on the above subject. The recommendations of the Comm

Committee on Procedures and Performance Audit on Public Services - Report No. 3 - Banking Operations : Deposit Accounts and Other Facilities Relating to Individuals (Non-business)