Banks’ Exposure to Real Estate Sector

RBI/2005-06/310 DBOD.BP.BC. 65 /08.12.01/2005-06 March 1, 2006 Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks Dear Sir, Banks’ Exposure to Real Estate Sector As you are aware, there has been substantial increase in lending by banks to the real estate sector during the last few years. While the development of real estate is welcome, there is a need for the banks to curb the excessively risky lending by exercising selectivity

RBI/2005-06/310 DBOD.BP.BC. 65 /08.12.01/2005-06 March 1, 2006 Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks Dear Sir, Banks’ Exposure to Real Estate Sector As you are aware, there has been substantial increase in lending by banks to the real estate sector during the last few years. While the development of real estate is welcome, there is a need for the banks to curb the excessively risky lending by exercising selectivity

Banks’ Exposure to Real Estate Sector

Prevention of Money Laundering Act, 2002 - Obligation of banks in terms of Rules notified thereunder

RBI/2005-06/301 DBOD.NO.AML.BC.63 /14.01.001/2005-06 February 15, 2006 The Chairmen and Chief Executive Officers (All Scheduled Commercial Banks excluding RRBs) Dear Sir, Prevention of Money Laundering Act, 2002 – Obligation of banks in terms of Rules notified thereunder Please refer to our circular DBOD.No.AML.BC.58/14.01.001/ 2004-05 dated November 29, 2004 on KYC Guidelines and Anti Money Laundering Standards. Banks were advised to put in place a policy framework w

RBI/2005-06/301 DBOD.NO.AML.BC.63 /14.01.001/2005-06 February 15, 2006 The Chairmen and Chief Executive Officers (All Scheduled Commercial Banks excluding RRBs) Dear Sir, Prevention of Money Laundering Act, 2002 – Obligation of banks in terms of Rules notified thereunder Please refer to our circular DBOD.No.AML.BC.58/14.01.001/ 2004-05 dated November 29, 2004 on KYC Guidelines and Anti Money Laundering Standards. Banks were advised to put in place a policy framework w

Prevention of Money Laundering Act, 2002 - Obligation of banks in terms of Rules notified thereunder

Interest Rates on Non-Resident Deposits

RBI/2005-06/298 DBOD. No. Dir.BC. 62/13.03.00/ 2005-06 February 8, 2006 All Commercial Banks (excluding RRBs) Dear Sir, Interest Rates on Non-Resident Deposits Please refer to our Master Circulars DBOD. No. Dir. BC. 5 & 6 / 13.03.00/ 2005-06 dated July 1, 2005 on Interest Rates on Domestic and NRI Deposits. 2. In terms of our extant guidelines, interest rates on NRE deposits of one to three years' maturity should not exceed the LIBOR/ SWAP rates as on the last wor

RBI/2005-06/298 DBOD. No. Dir.BC. 62/13.03.00/ 2005-06 February 8, 2006 All Commercial Banks (excluding RRBs) Dear Sir, Interest Rates on Non-Resident Deposits Please refer to our Master Circulars DBOD. No. Dir. BC. 5 & 6 / 13.03.00/ 2005-06 dated July 1, 2005 on Interest Rates on Domestic and NRI Deposits. 2. In terms of our extant guidelines, interest rates on NRE deposits of one to three years' maturity should not exceed the LIBOR/ SWAP rates as on the last wor

Interest Rates on Non-Resident Deposits

Recommendations of the Working Group to Review Export Credit

RBI/2005-06/297 DBOD. Dir. (Exp) BC.No. 61/ 04.02.02 (WG)/2005-06 February 7, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Recommendations of the Working Group to Review Export Credit The Reserve Bank of India had constituted a Working Group to review Export Credit, consisting of select banks and exporters' organisations, chaired by the Chief General Manager-in-Charge, Department of Banking Operations and Development, Central Office to review the var

RBI/2005-06/297 DBOD. Dir. (Exp) BC.No. 61/ 04.02.02 (WG)/2005-06 February 7, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Recommendations of the Working Group to Review Export Credit The Reserve Bank of India had constituted a Working Group to review Export Credit, consisting of select banks and exporters' organisations, chaired by the Chief General Manager-in-Charge, Department of Banking Operations and Development, Central Office to review the var

Recommendations of the Working Group to Review Export Credit

Guidelines on Securitisation of Standard Assets

RBI No. 2005-06/294 DBOD.NO.BP.BC.60 / 21.04.048/2005-06 February 1, 2006 All Commercial Banks (excluding RRBs) All India Term Lending and Refinancing Institutions (FIs) All Non Banking Financial Companies (including RNBCs) Dear Sir, Guidelines on Securitisation of Standard Assets As you are aware, Reserve Bank had issued draft guidelines on securitisation of standard assets vide letter DBOD.No.BP.1502/ 21.04.048/ 2004-05 dated April 4, 2005. On the basis of the feedb

RBI No. 2005-06/294 DBOD.NO.BP.BC.60 / 21.04.048/2005-06 February 1, 2006 All Commercial Banks (excluding RRBs) All India Term Lending and Refinancing Institutions (FIs) All Non Banking Financial Companies (including RNBCs) Dear Sir, Guidelines on Securitisation of Standard Assets As you are aware, Reserve Bank had issued draft guidelines on securitisation of standard assets vide letter DBOD.No.BP.1502/ 21.04.048/ 2004-05 dated April 4, 2005. On the basis of the feedb

Guidelines on Securitisation of Standard Assets

Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - ING Bank N.V.

RBI/2005-06/ 293 DBOD. Ret. BC. No. 59-A /12.06.089/2005-06 January 31, 2006 All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - ING Bank N.V. We advise that the name of ' ING Bank N.V.' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from October 28, 2005, in terms of notification DBOD. No. IBD. 616/23.13.017/2005-06 dated October 28, 2005, which was publish

RBI/2005-06/ 293 DBOD. Ret. BC. No. 59-A /12.06.089/2005-06 January 31, 2006 All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - ING Bank N.V. We advise that the name of ' ING Bank N.V.' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from October 28, 2005, in terms of notification DBOD. No. IBD. 616/23.13.017/2005-06 dated October 28, 2005, which was publish

Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - ING Bank N.V.

Enhancement of banks’ capital raising options for capital adequacy purposes

RBI / 2005-06 / 283 DBOD.No.BP.BC. 57 / 21.01.002 / 2005-2006 January 25, 2006 All Commercial Banks (Excluding RRBs) Dear Sir Enhancement of banks’ capital raising options for capital adequacy purposes As you are aware, until recently, the capital adequacy ratio was applicable only to credit risk assumed by banks. Subsequently, capital requirement for market risks for the HFT portfolio was introduced during 2004-05. In addition, banks are required to provide capital f

RBI / 2005-06 / 283 DBOD.No.BP.BC. 57 / 21.01.002 / 2005-2006 January 25, 2006 All Commercial Banks (Excluding RRBs) Dear Sir Enhancement of banks’ capital raising options for capital adequacy purposes As you are aware, until recently, the capital adequacy ratio was applicable only to credit risk assumed by banks. Subsequently, capital requirement for market risks for the HFT portfolio was introduced during 2004-05. In addition, banks are required to provide capital f

Enhancement of banks’ capital raising options for capital adequacy purposes

Financial Inclusion by Extension of Banking Services - Use of Business Facilitators and Correspondents

RBI/2005-06/288 DBOD.No.BL.BC. 58/22.01.001/2005-2006 January 25, 2006 Magha 5, 1927 (S) The Chairmen & CEOs (All Scheduled Commercial Banks including RRBs) Dear Sir, Financial Inclusion@@NBSP@@by Extension of Banking Services - Use of@@NBSP@@Business Facilitators and Correspondents With the objective of ensuring greater financial inclusion and@@NBSP@@increasing the outreach of the banking sector, it has been decided in public interest to enable banks to use the s

RBI/2005-06/288 DBOD.No.BL.BC. 58/22.01.001/2005-2006 January 25, 2006 Magha 5, 1927 (S) The Chairmen & CEOs (All Scheduled Commercial Banks including RRBs) Dear Sir, Financial Inclusion@@NBSP@@by Extension of Banking Services - Use of@@NBSP@@Business Facilitators and Correspondents With the objective of ensuring greater financial inclusion and@@NBSP@@increasing the outreach of the banking sector, it has been decided in public interest to enable banks to use the s

Financial Inclusion by Extension of Banking Services - Use of Business Facilitators and Correspondents

Section 23 of the Banking Regulation Act, 1949 - Branch Authorisation Policy

RBI/2005-06/280 DBOD.No.BL.BC. 55/22.01.001/2005-2006 January 23, 2006 Magha 3, 1927 (S) The Chairmen & CEOs of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Section 23 of the Banking Regulation Act, 1949 - Branch Authorisation Policy Please refer to our Master Circular DBOD.No.BL.BC. 36/ 22.01.001/ 2005 dated September 8, 2005, on branch authorisation. 2. In terms of the extant instructions, banks are required to approach Department of Banking Operati

RBI/2005-06/280 DBOD.No.BL.BC. 55/22.01.001/2005-2006 January 23, 2006 Magha 3, 1927 (S) The Chairmen & CEOs of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Section 23 of the Banking Regulation Act, 1949 - Branch Authorisation Policy Please refer to our Master Circular DBOD.No.BL.BC. 36/ 22.01.001/ 2005 dated September 8, 2005, on branch authorisation. 2. In terms of the extant instructions, banks are required to approach Department of Banking Operati

Section 23 of the Banking Regulation Act, 1949 - Branch Authorisation Policy

Collection of account payee cheque - Prohibition on crediting proceeds to third party account

RBI./2005-06/282 DBOD.BP.BC No. 56 / 21.01.001/ 2005-06 January 23, 2006The Chairmen/Chief Executives of all Commercial Banks (excluding RRBs)Dear Sir, Collection of account payee cheque – Prohibition on crediting proceeds to third party account As banks are aware an account payee cheque is required to be collected for the payee constituent. As regards, account payee cheques drawn in favour of banks, it had been indicated, vide our circular DBOD.NO.BC.23/21.01.001/92

RBI./2005-06/282 DBOD.BP.BC No. 56 / 21.01.001/ 2005-06 January 23, 2006The Chairmen/Chief Executives of all Commercial Banks (excluding RRBs)Dear Sir, Collection of account payee cheque – Prohibition on crediting proceeds to third party account As banks are aware an account payee cheque is required to be collected for the payee constituent. As regards, account payee cheques drawn in favour of banks, it had been indicated, vide our circular DBOD.NO.BC.23/21.01.001/92

Collection of account payee cheque - Prohibition on crediting proceeds to third party account