Appropriation from Reserve Fund

RBI/2006-07/132 DBOD.BP.BC No. 31 / 21.04.018/ 2006-07 September 20, 2006 The Chairmen/Chief Executives of All Commercial Banks(excluding RRBs) Dear Sir, Section 17 (2) of Banking Regulation Act, 1949 – Appropriation from Reserve Fund In terms of section 17 (1) and 11 (1)(b) (ii) of the Banking Regulation Act, 1949 banks are required to transfer, out of the balance of profit as disclosed in the profit and loss account, a sum equivalent to not less than 20 per cent of

RBI/2006-07/132 DBOD.BP.BC No. 31 / 21.04.018/ 2006-07 September 20, 2006 The Chairmen/Chief Executives of All Commercial Banks(excluding RRBs) Dear Sir, Section 17 (2) of Banking Regulation Act, 1949 – Appropriation from Reserve Fund In terms of section 17 (1) and 11 (1)(b) (ii) of the Banking Regulation Act, 1949 banks are required to transfer, out of the balance of profit as disclosed in the profit and loss account, a sum equivalent to not less than 20 per cent of

Appropriation from Reserve Fund

Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - " Chohung Bank to Shinhan Bank"

RBI/2006-07/127 DBOD.CO.Ret.BC.No.29/12.06.105/2006-07 September 18, 2006 Bhadra 27, 1928 All Scheduled Commercial Banks Dear Sir Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - ' Chohung Bank to Shinhan Bank' We advise that the name of ' Chohung Bank ' has been changed to ' Shinhan Bank ' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 12th August 2006, i.e. the date on which the relati

RBI/2006-07/127 DBOD.CO.Ret.BC.No.29/12.06.105/2006-07 September 18, 2006 Bhadra 27, 1928 All Scheduled Commercial Banks Dear Sir Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - ' Chohung Bank to Shinhan Bank' We advise that the name of ' Chohung Bank ' has been changed to ' Shinhan Bank ' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 12th August 2006, i.e. the date on which the relati

Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - " Chohung Bank to Shinhan Bank"

Address / Telephone Number of the Branch in Pass Books / Statement of Accounts

RBI/2006-07/123 DBOD.No.Leg. BC.28 /09.07.005/2006-07September 1, 2006To All the Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Address / Telephone Number of the Branch in Pass Books / Statement of Accounts In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. Banks are therefore advised to ensure that full addres

RBI/2006-07/123 DBOD.No.Leg. BC.28 /09.07.005/2006-07September 1, 2006To All the Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Address / Telephone Number of the Branch in Pass Books / Statement of Accounts In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. Banks are therefore advised to ensure that full addres

Address / Telephone Number of the Branch in Pass Books / Statement of Accounts

Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs )

RBI /2006-2007/113 DBOD. No. BP. BC. 27/21.01.002/ 2006- 2007 August 23, 2006 The Chairman & Managing Directors Chief Executive Officers of Commercial Banks (excluding RRBs) Dear Sirs, Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs ) It is observed that the exposure of banks to Venture Capital Funds (VCFs) has been steadily increasing over the last few years. While significance of venture capital activities and need for banks’ involvement

RBI /2006-2007/113 DBOD. No. BP. BC. 27/21.01.002/ 2006- 2007 August 23, 2006 The Chairman & Managing Directors Chief Executive Officers of Commercial Banks (excluding RRBs) Dear Sirs, Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs ) It is observed that the exposure of banks to Venture Capital Funds (VCFs) has been steadily increasing over the last few years. While significance of venture capital activities and need for banks’ involvement

Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs )

Internet Banking - Internet based platforms for dealing in Forex

RBI/2006-07/112 DBOD No. Comp. BC. 1658 /07.23.29/2006-07 August 22, 2006 All Scheduled Commercial Banks Dear Sir Internet Banking – Internet based platforms for dealing in Foreign Exchange Please refer to our circular DBOD. COMP. BC. No. 130/07.03.23/ 2000-01 dated June 14, 2001 that sets out the guidelines for banks on Internet Banking in India. In terms of paragraph III.3 of the circular, the Internet banking services allowed to be offered by banks to residents of

RBI/2006-07/112 DBOD No. Comp. BC. 1658 /07.23.29/2006-07 August 22, 2006 All Scheduled Commercial Banks Dear Sir Internet Banking – Internet based platforms for dealing in Foreign Exchange Please refer to our circular DBOD. COMP. BC. No. 130/07.03.23/ 2000-01 dated June 14, 2001 that sets out the guidelines for banks on Internet Banking in India. In terms of paragraph III.3 of the circular, the Internet banking services allowed to be offered by banks to residents of

Internet Banking - Internet based platforms for dealing in Forex

Penalties on default in maintenance of CRR

RBI/2006-2007/106 DBOD. No. Ret. BC.26/12.01.001/2006-07 August 10, 2006 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 - Penalties on default in maintenance of Cash Reserve Ratio (CRR) Please refer to our circular RBI/2005-2006/422. DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject, wherein it was advised that the Reserve Bank will not be paying any interest

RBI/2006-2007/106 DBOD. No. Ret. BC.26/12.01.001/2006-07 August 10, 2006 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 - Penalties on default in maintenance of Cash Reserve Ratio (CRR) Please refer to our circular RBI/2005-2006/422. DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject, wherein it was advised that the Reserve Bank will not be paying any interest

Penalties on default in maintenance of CRR

When Issued’ transactions in Central Government Securities - accounting and related aspects

RBI No. 2006-07/ 95 DBOD. No.BP.BC.24/21.04.141/2006-07 August 1, 2006 @@NBSP@@ All Scheduled Commercial Banks ( except RRBs)/ All India Term Lending and Refinancing Institutions (FIs) @@NBSP@@ @@NBSP@@ Dear Sir, ‘When Issued’ transactions in Central Government Securities – accounting and related aspects Please refer to our Internal Debt Management Department’s Circular No. IDMD. 3426/ 11.01.01 (D)/ 2005-06 dated May 3, 2006 allowing all NDS – OM members to undertake

RBI No. 2006-07/ 95 DBOD. No.BP.BC.24/21.04.141/2006-07 August 1, 2006 @@NBSP@@ All Scheduled Commercial Banks ( except RRBs)/ All India Term Lending and Refinancing Institutions (FIs) @@NBSP@@ @@NBSP@@ Dear Sir, ‘When Issued’ transactions in Central Government Securities – accounting and related aspects Please refer to our Internal Debt Management Department’s Circular No. IDMD. 3426/ 11.01.01 (D)/ 2005-06 dated May 3, 2006 allowing all NDS – OM members to undertake

When Issued’ transactions in Central Government Securities - accounting and related aspects

Frauds - Classification and Reporting

Frauds - Classification and Reporting

Frauds - Classification and Reporting

Frauds - Classification and Reporting

Enhancement of banks’ capital raising options for capital adequacy purposes

RBI / 2006-07 / 80 DBOD.No.BP.BC. 23 / 21.01.002 / 2006-2007 July 21, 2006 All Commercial Banks(Excluding RRBs) Dear Sir Enhancement of banks’ capital raising options for capital adequacy purposes As you are aware, with a view to provide banks in India additional options for raising capital funds, to meet both the increasing business requirements as well as the Basel II requirements within the existing legal framework, it was decided to allow banks to augment their ca

RBI / 2006-07 / 80 DBOD.No.BP.BC. 23 / 21.01.002 / 2006-2007 July 21, 2006 All Commercial Banks(Excluding RRBs) Dear Sir Enhancement of banks’ capital raising options for capital adequacy purposes As you are aware, with a view to provide banks in India additional options for raising capital funds, to meet both the increasing business requirements as well as the Basel II requirements within the existing legal framework, it was decided to allow banks to augment their ca

Enhancement of banks’ capital raising options for capital adequacy purposes