Notifications - আৰবিআই - Reserve Bank of India
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Notifications
মে’ 29, 2008
Exposure Norms
RBI/2007-08/338 DBOD. No.Dir. BC. 87/13.27.00/2007- 08 May 29, 2008 Jyeshtha 8, 1929(Saka) All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam Exposure Norms Please refer to para 2.1.1 of the Master Circular on Exposure Norms (Circular DBOD. No. Dir.BC.11/ 13.03.00/ 2007-08 dated July 2, 2007) in terms of which the exposure limit has been fixed at 15 percent of capital funds in case of a single borrower. 2. On a review of the current situation in the Oil
RBI/2007-08/338 DBOD. No.Dir. BC. 87/13.27.00/2007- 08 May 29, 2008 Jyeshtha 8, 1929(Saka) All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam Exposure Norms Please refer to para 2.1.1 of the Master Circular on Exposure Norms (Circular DBOD. No. Dir.BC.11/ 13.03.00/ 2007-08 dated July 2, 2007) in terms of which the exposure limit has been fixed at 15 percent of capital funds in case of a single borrower. 2. On a review of the current situation in the Oil
পিডিএফ (
মে’ 28, 2008
Wilful defaulters and action thereagainst
RBI/2007-2008/336DBOD. No..DL(W).BC. 87/20.16.003/2007-08May 28, 2008All Scheduled Commercial Banks and All Notified All-India Financial InstitutionsDear Sir,Wilful defaulters and action thereagainstPlease refer to paragraph 3 of our Circular DBOD.No..DL(W).BC.110/ 20.16.003(1)/ 2001-02 dated May 30, 2002 wherein the term 'wilful default' has been defined. In this connection, we advise that in pursuant to the Hon’ble Supreme Court’s Order relating to writ petition Civ
RBI/2007-2008/336DBOD. No..DL(W).BC. 87/20.16.003/2007-08May 28, 2008All Scheduled Commercial Banks and All Notified All-India Financial InstitutionsDear Sir,Wilful defaulters and action thereagainstPlease refer to paragraph 3 of our Circular DBOD.No..DL(W).BC.110/ 20.16.003(1)/ 2001-02 dated May 30, 2002 wherein the term 'wilful default' has been defined. In this connection, we advise that in pursuant to the Hon’ble Supreme Court’s Order relating to writ petition Civ
মে’ 22, 2008
PMLA, 2002 - Obligation of Banks
RBI/2007- 2008/327DBOD.AML.BC. No. 85/ 14.01.001 / 2007-08May 22, 2008 All Scheduled Commercial Banks/FIs (Excluding RRBs) Dear Sir,Prevention of Money Laundering Act, 2002 – Obligation of banks in terms of Rules notified there underPlease refer to our circular DBOD.NO.AML.BC.63 /14.01.001/2005-06 dated February 15, 2006. In Paragraph 3 of the said circular, it was advised that banks are required to maintain and preserve information in respect of transactions with its
RBI/2007- 2008/327DBOD.AML.BC. No. 85/ 14.01.001 / 2007-08May 22, 2008 All Scheduled Commercial Banks/FIs (Excluding RRBs) Dear Sir,Prevention of Money Laundering Act, 2002 – Obligation of banks in terms of Rules notified there underPlease refer to our circular DBOD.NO.AML.BC.63 /14.01.001/2005-06 dated February 15, 2006. In Paragraph 3 of the said circular, it was advised that banks are required to maintain and preserve information in respect of transactions with its
মে’ 22, 2008
Valuation of Non-SLR securities issued by the Government of India
RBI – 2007-08/329 DBOD.No.BP.BC.86/21.04.141/2007-08 May 22, 2008The Chairman/Chief Executive Officer All Scheduled Commercial Banks@@NBSP@@ (excluding Regional Rural Banks)@@NBSP@@ Dear Sir,@@NBSP@@ Valuation of Non-SLR securities issued by the Government of IndiaPlease refer to our Master Circular issue vide letter DBOD.No.BP.BC.15/21.04.141/ 2007-08 dated July 2, 2007 on ‘Prudential Norms for classification, valuation and operations of investment portfolio by banks
RBI – 2007-08/329 DBOD.No.BP.BC.86/21.04.141/2007-08 May 22, 2008The Chairman/Chief Executive Officer All Scheduled Commercial Banks@@NBSP@@ (excluding Regional Rural Banks)@@NBSP@@ Dear Sir,@@NBSP@@ Valuation of Non-SLR securities issued by the Government of IndiaPlease refer to our Master Circular issue vide letter DBOD.No.BP.BC.15/21.04.141/ 2007-08 dated July 2, 2007 on ‘Prudential Norms for classification, valuation and operations of investment portfolio by banks
মে’ 21, 2008
Consolidated Financial Statement
RBI/2007-08/325 DBOD.No.BP.BC.84/21.04.018/2007-08 May 21, 2008 To The Chairman and Chief Executive Officer All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir Consolidated Financial Statement The Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) prescribes the accounting of investments in subsidiaries, associates and joint ventures under AS 21 – Consolidated Financial Statement, AS 23 – Accounting for Investments
RBI/2007-08/325 DBOD.No.BP.BC.84/21.04.018/2007-08 May 21, 2008 To The Chairman and Chief Executive Officer All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir Consolidated Financial Statement The Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) prescribes the accounting of investments in subsidiaries, associates and joint ventures under AS 21 – Consolidated Financial Statement, AS 23 – Accounting for Investments
মে’ 14, 2008
Claims secured by residential property - Change in limits for risk weights
RBI/2007–08/320 DBOD.No.BP.BC. 83/21.06.001/2007-08 May 14, 2008 The Chairman and Chief Executive Officer All Commercial Banks (excluding Local Area Banks and Regional Rural Banks) Dear Sir, Claims secured by residential property – Change in limits for risk weights Please refer to the paragraph 5.10 of our circular DBDO.No.BP.BC.90/20.06.001/ 2006-07 dated April 27, 2007 on ‘Guidelines for implementation of the New Capital Adequacy Framework’, and also items Nos. [(A)
RBI/2007–08/320 DBOD.No.BP.BC. 83/21.06.001/2007-08 May 14, 2008 The Chairman and Chief Executive Officer All Commercial Banks (excluding Local Area Banks and Regional Rural Banks) Dear Sir, Claims secured by residential property – Change in limits for risk weights Please refer to the paragraph 5.10 of our circular DBDO.No.BP.BC.90/20.06.001/ 2006-07 dated April 27, 2007 on ‘Guidelines for implementation of the New Capital Adequacy Framework’, and also items Nos. [(A)
মে’ 08, 2008
Asset Classification Norm for Infrastructure Projects Revised
RBI/2007-08/316 DBOD.BP.BC.82/21.04.048/2007-08 May 8, 2008 The Chairman/Chief Executive Officer All Scheduled Commercial Banks (excluding Local Area Banks and RRBs) Dear Sir Prudential Norms on Asset Classification Pertaining to Advances – Infrastructure projects under implementation and involving time overrun Please refer to paragraph 4.2.17(iv) of our Master Circular No.DBOD.No.BP.BC.12/21.04.048/2007-08 dated July 2, 2007 on Prudential norms on Income Recognition,
RBI/2007-08/316 DBOD.BP.BC.82/21.04.048/2007-08 May 8, 2008 The Chairman/Chief Executive Officer All Scheduled Commercial Banks (excluding Local Area Banks and RRBs) Dear Sir Prudential Norms on Asset Classification Pertaining to Advances – Infrastructure projects under implementation and involving time overrun Please refer to paragraph 4.2.17(iv) of our Master Circular No.DBOD.No.BP.BC.12/21.04.048/2007-08 dated July 2, 2007 on Prudential norms on Income Recognition,
মে’ 02, 2008
Settlement of claims in respect of missing persons
RBI/2007-08/308 DBOD.No.Leg. BC.80 /09.07.005/2007-08 May 2, 2008 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Settlement of claims in respect of missing persons A query has been raised regarding the system which should be followed by banks in case a claim is received from a nominee / legal heirs for settlement of claim in respect of missing persons. 2. The settlement of claims in respect of missing persons would be governed by the provisions of Section 1
RBI/2007-08/308 DBOD.No.Leg. BC.80 /09.07.005/2007-08 May 2, 2008 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Settlement of claims in respect of missing persons A query has been raised regarding the system which should be followed by banks in case a claim is received from a nominee / legal heirs for settlement of claim in respect of missing persons. 2. The settlement of claims in respect of missing persons would be governed by the provisions of Section 1
মে’ 02, 2008
Grievance Redressal Mechanism in banks
RBI/2007-08/309 DBOD.No.Leg BC.81/09.07.005/2007-08 May 2, 2008 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir , Grievance Redressal Mechanism in banks Please refer to our Circular DBOD.No.Leg BC.60/09.07.005/2006-07 dated February 22, 2007 wherein instructions were issued to banks regarding analysis and disclosure of complaints. In this connection, it may be mentioned that a proper analysis and disclosure of complaints would be possible only if there is
RBI/2007-08/309 DBOD.No.Leg BC.81/09.07.005/2007-08 May 2, 2008 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir , Grievance Redressal Mechanism in banks Please refer to our Circular DBOD.No.Leg BC.60/09.07.005/2006-07 dated February 22, 2007 wherein instructions were issued to banks regarding analysis and disclosure of complaints. In this connection, it may be mentioned that a proper analysis and disclosure of complaints would be possible only if there is
এপ্ৰিল 29, 2008
SCBs - CRR Increased
RBI/2007-2008/ 304Ref: DBOD.No.Ret.BC.79 /12.01.001/2007-08 April 29, 2008All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRRPlease refer to our Circular RBI/2007-2008/287 DBOD .No. Ret. BC.70 /12.01.001/ 2007-08 dated April 21, 2008 on the captioned subject. As set out in the Governor's Annual Policy statement for the year 2008-09 issued on April 29, 2008, on a review of evolving l
RBI/2007-2008/ 304Ref: DBOD.No.Ret.BC.79 /12.01.001/2007-08 April 29, 2008All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRRPlease refer to our Circular RBI/2007-2008/287 DBOD .No. Ret. BC.70 /12.01.001/ 2007-08 dated April 21, 2008 on the captioned subject. As set out in the Governor's Annual Policy statement for the year 2008-09 issued on April 29, 2008, on a review of evolving l
এপ্ৰিল 25, 2008
Rupee Export Credit Interest Rates
RBI/2007-2008/ 298DBOD.Dir.(Exp).BC.No.73/04.02.01/2007- 08April 25, 2008All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Rupee Export Credit Interest RatesPlease refer to our circulars DBOD. Dir.(Exp.)No.22, 34B and 54/04.02.01/ 2007-08 dated July 13, October 6 and November 30, 2007 respectively on the captioned subject regarding provision of interest subvention to all scheduled commercial banks in respect of rupee export credit to the specified categories of e
RBI/2007-2008/ 298DBOD.Dir.(Exp).BC.No.73/04.02.01/2007- 08April 25, 2008All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Rupee Export Credit Interest RatesPlease refer to our circulars DBOD. Dir.(Exp.)No.22, 34B and 54/04.02.01/ 2007-08 dated July 13, October 6 and November 30, 2007 respectively on the captioned subject regarding provision of interest subvention to all scheduled commercial banks in respect of rupee export credit to the specified categories of e
এপ্ৰিল 24, 2008
Financial Inclusion - Use of Business Facilitators/Business Correspondents
RBI/2007-2008/295DBOD.No.BL.BC.74 /22.01.009/2007-2008 April 24, 2008All Scheduled Commercial Banks (including RRBs) &Local Area BanksDear Sir,Financial Inclusion by Extension of Banking Services – Use of Business Facilitators(BFs) and Business Correspondents (BCs) Please refer to our circulars DBOD. No.BL.BC.58/22.01.001/2005-2006 dated January 25, 2006 and DBOD.No.BL.BC.72/22.01.009/2005-2006 dated March 22, 2006 on the above subject.2. Based on queries received
RBI/2007-2008/295DBOD.No.BL.BC.74 /22.01.009/2007-2008 April 24, 2008All Scheduled Commercial Banks (including RRBs) &Local Area BanksDear Sir,Financial Inclusion by Extension of Banking Services – Use of Business Facilitators(BFs) and Business Correspondents (BCs) Please refer to our circulars DBOD. No.BL.BC.58/22.01.001/2005-2006 dated January 25, 2006 and DBOD.No.BL.BC.72/22.01.009/2005-2006 dated March 22, 2006 on the above subject.2. Based on queries received
এপ্ৰিল 24, 2008
Recovery Agents engaged by Banks
RBI/2007-2008/296DBOD.No.Leg.BC.75 /09.07.005/2007-08April 24, 2008All Scheduled Commercial Banks(Excluding RRBs)Dear Sir, Mid-Term Review of the Annual Policy for the year 2007- 08 –Recovery Agents engaged by banks Please refer to the paragraph 172 and 173 of the mid-term review of the Annual Policy for the year 2007-08, a copy of which is enclosed. In view of the rise in the number of disputes and litigations against banks for engaging recovery agents in the recent
RBI/2007-2008/296DBOD.No.Leg.BC.75 /09.07.005/2007-08April 24, 2008All Scheduled Commercial Banks(Excluding RRBs)Dear Sir, Mid-Term Review of the Annual Policy for the year 2007- 08 –Recovery Agents engaged by banks Please refer to the paragraph 172 and 173 of the mid-term review of the Annual Policy for the year 2007-08, a copy of which is enclosed. In view of the rise in the number of disputes and litigations against banks for engaging recovery agents in the recent
এপ্ৰিল 22, 2008
Revised Calendar of Reviews
RBI/2007-08/289 DBOD.No.BP.BC. 71 /21.03.038/2007-08 April 22, 2008 The Chief Executives of All Public Sector Banks Dear Sir, Revised Calendar of Reviews Please refer to our circular DBOD.No.BP.BC.96/21.03.038/2004-05 dated June 10, 2005 advising Calendar of Reviews to be submitted to the Board and Management Committee of the bank. 2.With a view to reducing the burden on Boards of banks on account of the Calendar of Reviews to be undertaken by them and to ensure that
RBI/2007-08/289 DBOD.No.BP.BC. 71 /21.03.038/2007-08 April 22, 2008 The Chief Executives of All Public Sector Banks Dear Sir, Revised Calendar of Reviews Please refer to our circular DBOD.No.BP.BC.96/21.03.038/2004-05 dated June 10, 2005 advising Calendar of Reviews to be submitted to the Board and Management Committee of the bank. 2.With a view to reducing the burden on Boards of banks on account of the Calendar of Reviews to be undertaken by them and to ensure that
এপ্ৰিল 21, 2008
SCBs - CRR Increased
RBI/2007-2008/287 Ref: DBOD.No.Ret.BC.70 /12.01.001/2007-08 April 21, 2008 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular RBI/2007-2008/173 DBOD .No. Ret. BC.44 /12.01.001/ 2007-08 dated October 30, 2007 on the captioned subject. On a review of the current liquidity situation, it has been decided to increase Cash Reserve Ratio (CRR) of Scheduled
RBI/2007-2008/287 Ref: DBOD.No.Ret.BC.70 /12.01.001/2007-08 April 21, 2008 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular RBI/2007-2008/173 DBOD .No. Ret. BC.44 /12.01.001/ 2007-08 dated October 30, 2007 on the captioned subject. On a review of the current liquidity situation, it has been decided to increase Cash Reserve Ratio (CRR) of Scheduled
এপ্ৰিল 09, 2008
Guidelines on Asset-Liability Management (ALM) System
RBI/2007-08/278 DBOD. No. BP. BC. 68 / 21.04.098/ 2007-08 April@@NBSP@@ 9, 2008 Chairmen / Chief Executive Officers All Commercial Banks (excluding@@NBSP@@ RRBs) Guidelines on Asset-Liability Management (ALM) System Please refer to DBOD Circular No.DBOD. BP. BC. 38 / 21.04.098/ 2007-08 dated October 24, 2007 advising banks to adopt a more granular approach to measurement of liquidity risk.@@NBSP@@ Banks were also advised to undertake dynamic liquidity management and p
RBI/2007-08/278 DBOD. No. BP. BC. 68 / 21.04.098/ 2007-08 April@@NBSP@@ 9, 2008 Chairmen / Chief Executive Officers All Commercial Banks (excluding@@NBSP@@ RRBs) Guidelines on Asset-Liability Management (ALM) System Please refer to DBOD Circular No.DBOD. BP. BC. 38 / 21.04.098/ 2007-08 dated October 24, 2007 advising banks to adopt a more granular approach to measurement of liquidity risk.@@NBSP@@ Banks were also advised to undertake dynamic liquidity management and p
মাৰ্চ 31, 2008
Prudential Guidelines on Capital Adequacy and Market Discipline - Implementation of New Capital Adequacy Framework (NCAF) - Amendments
RBI/2007-2008/270 DBOD.No.BP.BC.67 /21.06.001/2007-08 March 31, 2008 The Chairman and Chief Executive Officer All Commercial Banks (excluding Local Area Banks and Regional Rural Banks) Dear Sir, Prudential Guidelines on Capital Adequacy and Market Discipline – Implementation of New Capital Adequacy Framework (NCAF)@@NBSP@@ – Amendments Please refer to our circular DBOD.No.BP.BC.90/20.06.001/2006-07 dated April 27, 2007 on the captioned subject. The banks had also been
RBI/2007-2008/270 DBOD.No.BP.BC.67 /21.06.001/2007-08 March 31, 2008 The Chairman and Chief Executive Officer All Commercial Banks (excluding Local Area Banks and Regional Rural Banks) Dear Sir, Prudential Guidelines on Capital Adequacy and Market Discipline – Implementation of New Capital Adequacy Framework (NCAF)@@NBSP@@ – Amendments Please refer to our circular DBOD.No.BP.BC.90/20.06.001/2006-07 dated April 27, 2007 on the captioned subject. The banks had also been
মাৰ্চ 26, 2008
Supervisory Review Process under the New Capital Adequacy Framework - Guidelines for Pillar 2
RBI/2007-2008/266DBOD.No.BP.BC 66 / 21.06.001 / 2007-08March 26, 2008The Chairman/ Chief Executive OfficerAll Commercial banks(Excluding Local Area Banks and Regional Rural banks)Dear Sir,Supervisory Review Process under the New Capital Adequacy Framework –Guidelines for Pillar 2 The New Capital Adequacy Framework (NCAF), based on the Basel II Framework evolved by the Basel Committee on Banking Supervision, has been adapted for India vide our Circular DBOD.No.BP.BC 90
RBI/2007-2008/266DBOD.No.BP.BC 66 / 21.06.001 / 2007-08March 26, 2008The Chairman/ Chief Executive OfficerAll Commercial banks(Excluding Local Area Banks and Regional Rural banks)Dear Sir,Supervisory Review Process under the New Capital Adequacy Framework –Guidelines for Pillar 2 The New Capital Adequacy Framework (NCAF), based on the Basel II Framework evolved by the Basel Committee on Banking Supervision, has been adapted for India vide our Circular DBOD.No.BP.BC 90
মাৰ্চ 19, 2008
Annual Reporting System in respect of Non-SSI Sick/Weak Industrial Units
Ref RBI. No.: 264/2007-08 DBS.CO.BC.OSMOS No.12/33.01.039/2007-08 March 19, 2008 The Chairman, Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Annual Reporting System in respect of Non-SSI Sick/Weak Industrial Units Please refer to our letter RBI.No:356/2005-06, DBS.CO.BC.OSMOS No. 5/33.01.039/2005-06 dated April 12, 2006 on the captioned subject, advising to submit the return on Non-SSI sick/weak units in a revised format on a
Ref RBI. No.: 264/2007-08 DBS.CO.BC.OSMOS No.12/33.01.039/2007-08 March 19, 2008 The Chairman, Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam, Annual Reporting System in respect of Non-SSI Sick/Weak Industrial Units Please refer to our letter RBI.No:356/2005-06, DBS.CO.BC.OSMOS No. 5/33.01.039/2005-06 dated April 12, 2006 on the captioned subject, advising to submit the return on Non-SSI sick/weak units in a revised format on a
মাৰ্চ 04, 2008
Prudential Norms for Issuance of Letters of Comfort by Banks regarding their Subsidiaries
RBI/2007- 2008/255 DBOD No. BP. BC.65 / 21.04.009/ 2007-08 March 4, 2008 All Commercial Banks (Excluding RRBs) Dear Sir, Prudential Norms for Issuance of Letters of Comfort by Banks regarding their Subsidiaries It has been observed that the banks in India have been issuing Letters of Comfort (LoCs) to meet the requirements of the overseas regulators while seeking their approval for establishing subsidiaries / opening branches in their countries as also to support cert
RBI/2007- 2008/255 DBOD No. BP. BC.65 / 21.04.009/ 2007-08 March 4, 2008 All Commercial Banks (Excluding RRBs) Dear Sir, Prudential Norms for Issuance of Letters of Comfort by Banks regarding their Subsidiaries It has been observed that the banks in India have been issuing Letters of Comfort (LoCs) to meet the requirements of the overseas regulators while seeking their approval for establishing subsidiaries / opening branches in their countries as also to support cert
মাৰ্চ 03, 2008
Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks
RBI/2007-2008/254 DBOD.NO.BP. 64 / 21.04.158/ 2007-08 March 03, 2008 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks Please refer to para 5.10(c) of our circular RBI/2006/167 DBOD.No.BP.40/ 21.04. 158 /2006-07 dated November 3, 2006 on the captioned subject. 2. The time limit given to the customer for preferring their complaints/grievances as specified in the above
RBI/2007-2008/254 DBOD.NO.BP. 64 / 21.04.158/ 2007-08 March 03, 2008 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks Please refer to para 5.10(c) of our circular RBI/2006/167 DBOD.No.BP.40/ 21.04. 158 /2006-07 dated November 3, 2006 on the captioned subject. 2. The time limit given to the customer for preferring their complaints/grievances as specified in the above
ফেব্ৰু 18, 2008
Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT)
RBI / 2007- 08 / 239DBOD.AML.BC. No.63/ 14.01.001 / 2007- 08February 18, 2008All Scheduled Commercial Banks/FIs (Excluding RRBs)Dear Sir, Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) Banks have been advised vide our circular DBOD.NO.AML.BC.58/14.01.001 /2004-05 dated November 29, 2004 that the adoption of customer acceptance policy and its implementation should not result in denial of banking servic
RBI / 2007- 08 / 239DBOD.AML.BC. No.63/ 14.01.001 / 2007- 08February 18, 2008All Scheduled Commercial Banks/FIs (Excluding RRBs)Dear Sir, Know Your Customer (KYC) Norms / Anti-Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) Banks have been advised vide our circular DBOD.NO.AML.BC.58/14.01.001 /2004-05 dated November 29, 2004 that the adoption of customer acceptance policy and its implementation should not result in denial of banking servic
ফেব্ৰু 13, 2008
Maintenance of SLR
RBI/2007-2008/236Ref.DBOD No. Ret.BC. 62/12.02.001/2007-08February 13, 2008 Magha 24, 1929 (Saka)All Scheduled Commercial Banks(excluding Regional Rural Banks) Madam/Dear Sir,Section 24 of the Banking Regulation Act, 1949 Maintenance of Statutory Liquidity Ratio (SLR)Please refer to our circular DBOD. No. BC. 137/12.02.001/97-98 dated October 21, 1997 on the captioned subject.The Banking Regulation (Amendment) Act, 2007 replacing the Banking Regulation (Amendment) Ord
RBI/2007-2008/236Ref.DBOD No. Ret.BC. 62/12.02.001/2007-08February 13, 2008 Magha 24, 1929 (Saka)All Scheduled Commercial Banks(excluding Regional Rural Banks) Madam/Dear Sir,Section 24 of the Banking Regulation Act, 1949 Maintenance of Statutory Liquidity Ratio (SLR)Please refer to our circular DBOD. No. BC. 137/12.02.001/97-98 dated October 21, 1997 on the captioned subject.The Banking Regulation (Amendment) Act, 2007 replacing the Banking Regulation (Amendment) Ord
ফেব্ৰু 12, 2008
Bank Finance to Factoring Companies
RBI /2007-08/235 DBOD .BP. BC. No. 60 /08.12.01/2007-08 February 12, 2008 Chairman and Managing Director/ Chief Executives of Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Bank Finance to Factoring Companies Please refer to our Master Circular No. RBI /2007-08/52.DBOD.BP.BC.13. /08.12.01/2007-08 dated July 2, 2007 on bank finance to non-banking financial companies(NBFCs). In terms of para 5.1 (i) of the circular, bills discounted / rediscounted
RBI /2007-08/235 DBOD .BP. BC. No. 60 /08.12.01/2007-08 February 12, 2008 Chairman and Managing Director/ Chief Executives of Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Bank Finance to Factoring Companies Please refer to our Master Circular No. RBI /2007-08/52.DBOD.BP.BC.13. /08.12.01/2007-08 dated July 2, 2007 on bank finance to non-banking financial companies(NBFCs). In terms of para 5.1 (i) of the circular, bills discounted / rediscounted
জানু 17, 2008
Prudential Norms for Capital Adequacy - Risk Weight for Educational Loans
RBI/2007-08/226 DBOD.BP.BC. No.59/21.06.001/2007-08 January 17, 2008 All Scheduled Commercial Banks (excluding @@NBSP@@RRBs) Dear Sir, Prudential Norms for Capital Adequacy – Risk Weight for Educational Loans Please refer to our circulars DBOD.No.BP.BC.90/20.06.001/2006-07 dated April 27, 2007 (paragraph 5.13.3) on ‘Guidelines for Implementation of the New Capital Adequacy Framework’ and DBOD No.BP.BC.4/21.01.002/2007-08 dated July 2, 2007, the ‘Master Circular – Prud
RBI/2007-08/226 DBOD.BP.BC. No.59/21.06.001/2007-08 January 17, 2008 All Scheduled Commercial Banks (excluding @@NBSP@@RRBs) Dear Sir, Prudential Norms for Capital Adequacy – Risk Weight for Educational Loans Please refer to our circulars DBOD.No.BP.BC.90/20.06.001/2006-07 dated April 27, 2007 (paragraph 5.13.3) on ‘Guidelines for Implementation of the New Capital Adequacy Framework’ and DBOD No.BP.BC.4/21.01.002/2007-08 dated July 2, 2007, the ‘Master Circular – Prud
ডিচে 20, 2007
Corporate Social Responsibility, Sustainable Development and Non-Financial Reporting - Role of Banks
RBI/2007-08/216 DBOD. No.Dir. BC. 58/13.27.00/2007- 08 December 20, 2007 Agrahayana 29, 1929(Saka) All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam Corporate Social Responsibility, Sustainable Development and Non-Financial Reporting – Role of Banks At present, the world over, there is an increasing awareness about Corporate Social Responsibility (CSR), Sustainable Development (SD) and Non-Financial Reporting (NFR).@@NBSP@@ Consequently, there is a conc
RBI/2007-08/216 DBOD. No.Dir. BC. 58/13.27.00/2007- 08 December 20, 2007 Agrahayana 29, 1929(Saka) All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam Corporate Social Responsibility, Sustainable Development and Non-Financial Reporting – Role of Banks At present, the world over, there is an increasing awareness about Corporate Social Responsibility (CSR), Sustainable Development (SD) and Non-Financial Reporting (NFR).@@NBSP@@ Consequently, there is a conc
ডিচে 20, 2007
Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07
RBI/2007-2008/217 Ref.DBS.ARS.BC. No. 07/ 08.92.001/ 2007-08 December 20, 2007The Chairman & Managing Director, all Nationalised Banks andThe Managing Director, Associate Banks of SBIDear Sir/Madam, Remuneration payable to the Statutory Central andBranch Auditors of Public Sector Banks from the year 2006-07Please refer to our circular DBS.ARS.No.BC.08/80.92.100/2006-07 dated June 06, 2007 on remuneration payable to statutory central and branch auditors of public s
RBI/2007-2008/217 Ref.DBS.ARS.BC. No. 07/ 08.92.001/ 2007-08 December 20, 2007The Chairman & Managing Director, all Nationalised Banks andThe Managing Director, Associate Banks of SBIDear Sir/Madam, Remuneration payable to the Statutory Central andBranch Auditors of Public Sector Banks from the year 2006-07Please refer to our circular DBS.ARS.No.BC.08/80.92.100/2006-07 dated June 06, 2007 on remuneration payable to statutory central and branch auditors of public s
ডিচে 14, 2007
Loans/advances to MFs to be included in Banks’ Capital Market Exposure
RBI.No.2007-08/210 DBOD. Dir. BC. 57/13.03.00/2007-2008 December 14, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Banks' Exposure to Capital Market – Loans extended by banks to Mutual Funds and issue of Irrevocable Payment Commitments (IPCs) As banks are aware, the extant instructions on banks’ exposure to the Capital Market have been consolidated in RBI’s Master Circular No. DBOD. Dir. BC. 11 / 13.03.00/ 2007-08 dated July 2, 2007 on Exposure Norms.
RBI.No.2007-08/210 DBOD. Dir. BC. 57/13.03.00/2007-2008 December 14, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Banks' Exposure to Capital Market – Loans extended by banks to Mutual Funds and issue of Irrevocable Payment Commitments (IPCs) As banks are aware, the extant instructions on banks’ exposure to the Capital Market have been consolidated in RBI’s Master Circular No. DBOD. Dir. BC. 11 / 13.03.00/ 2007-08 dated July 2, 2007 on Exposure Norms.
ডিচে 06, 2007
Prudential Norms for Classification, valuation and operation of investment portfolio by banks
RBI/2007-08/205 DBOD.No.BP.BC.56/21.04.141/2007-08 December 06,2007 The Chairman/Chief Executive Officer All Scheduled Commercial Banks (excluding Local Area Banks and Regional Rural Banks) Dear Sir, Prudential Norms for Classification, valuation and operation of investment portfolio by banks Please refer to our Master Circular DBOD.No.BP.BC.15/21.04.141/2007-08 dated July 2, 2007 on the captioned subject. 2. As per para 1.2.14 of the circular, banks must not invest i
RBI/2007-08/205 DBOD.No.BP.BC.56/21.04.141/2007-08 December 06,2007 The Chairman/Chief Executive Officer All Scheduled Commercial Banks (excluding Local Area Banks and Regional Rural Banks) Dear Sir, Prudential Norms for Classification, valuation and operation of investment portfolio by banks Please refer to our Master Circular DBOD.No.BP.BC.15/21.04.141/2007-08 dated July 2, 2007 on the captioned subject. 2. As per para 1.2.14 of the circular, banks must not invest i
নৱে 30, 2007
Scope of Infrastructure Lending expanded
RBI/2007- 2008/197DBOD No. BP. BC.52/ 21.04.048/2007- 08November 30, 2007All Commercial Banks (excluding RRBs and LABs) andSelect All India Financial Institutions (AIFIs)(NHB, NABARD, EXIM Bank, SIDBI, TFCI Ltd., IFCI Ltd., IIBI Ltd.)Dear Sir,Financing of Infrastructure by the banks and Financial Institutions –Definition of 'infrastructure lending'Please refer to our Circular DBOD.No.BP.BC.92/21.04.048/2003-04 dated June 16,2004, defining the scope of 'infrastructure
RBI/2007- 2008/197DBOD No. BP. BC.52/ 21.04.048/2007- 08November 30, 2007All Commercial Banks (excluding RRBs and LABs) andSelect All India Financial Institutions (AIFIs)(NHB, NABARD, EXIM Bank, SIDBI, TFCI Ltd., IFCI Ltd., IIBI Ltd.)Dear Sir,Financing of Infrastructure by the banks and Financial Institutions –Definition of 'infrastructure lending'Please refer to our Circular DBOD.No.BP.BC.92/21.04.048/2003-04 dated June 16,2004, defining the scope of 'infrastructure
নৱে 30, 2007
Mid-Term Review of the Annual Policy for the year 2007- 08: Recovery Agents engaged by banks - Draft guidelines
DBOD.No.Leg. 6723 /09.07.005/2007-08November 30, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir, Mid-Term Review of the Annual Policy for the year 2007- 08:Recovery Agents engaged by banks – Draft guidelinesPlease refer to the paragraphs 172 and 173 of the mid-term review of the Annual Policy for the year 2007-08, a copy of which is furnished in Annex 1. In view of the rise in the number of litigations against banks in the recent past for engaging recovery
DBOD.No.Leg. 6723 /09.07.005/2007-08November 30, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir, Mid-Term Review of the Annual Policy for the year 2007- 08:Recovery Agents engaged by banks – Draft guidelinesPlease refer to the paragraphs 172 and 173 of the mid-term review of the Annual Policy for the year 2007-08, a copy of which is furnished in Annex 1. In view of the rise in the number of litigations against banks in the recent past for engaging recovery
নৱে 30, 2007
Guidelines on Settlement of Non Performing Assets - Obtaining Consent Decree from Court
RBI/2007-2008/200DBOD.BP.BC.55/ 21.04.117 / 2007-08November 30, 2007The Chairman & Managing Director/Chief Executive Officers of the Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Guidelines on Settlement of Non Performing Assets –Obtaining Consent Decree from CourtPlease refer to our circular No.DBOD.BP.BC. 65/21.04.117/2002-2003 dated January 29, 2003, on the captioned subject, which has since been withdrawn in terms of our Circular No.DBOD.No.Inf.BC.48/11.0
RBI/2007-2008/200DBOD.BP.BC.55/ 21.04.117 / 2007-08November 30, 2007The Chairman & Managing Director/Chief Executive Officers of the Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Guidelines on Settlement of Non Performing Assets –Obtaining Consent Decree from CourtPlease refer to our circular No.DBOD.BP.BC. 65/21.04.117/2002-2003 dated January 29, 2003, on the captioned subject, which has since been withdrawn in terms of our Circular No.DBOD.No.Inf.BC.48/11.0
নৱে 19, 2007
Guardians appointed by District Courts/Local Level Committees can open/operate bank accounts of certain categories of Disabled Persons
RBI/2007-2008/ 189DBOD.No.Leg.BC. 51 /09.07.005/2007-08November 19, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Legal Guardianship Certificate issued under the National TrustAct, 1999 empowering the disabled persons with autism,cerebral palsy, mental retardation and multiple disabilitiesWe have been advised by the National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities (the Trust) that a questi
RBI/2007-2008/ 189DBOD.No.Leg.BC. 51 /09.07.005/2007-08November 19, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Legal Guardianship Certificate issued under the National TrustAct, 1999 empowering the disabled persons with autism,cerebral palsy, mental retardation and multiple disabilitiesWe have been advised by the National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities (the Trust) that a questi
নৱে 15, 2007
Internet Banking - Internet based Platforms for dealing in Rupee Vostro Accounts
RBI/2007-2008/188DBOD Comp BC No. 5853 /07.03.29/2007-08November 15, 2007@@NBSP@@All Scheduled Commercial Banks Dear Sir,Internet Banking – Internet based Platforms for dealing in Rupee Vostro Accounts Please refer to our circulars DBOD Comp BC No. 130/07.03.23/2000-01 dated June 14, 2001 and DBOD Comp BC No. 1658/07.03.29/2006-07 dated August 22, 2006 containing guidelines for Internet Banking in India.2. On a review, it has been decided that banks may permit interne
RBI/2007-2008/188DBOD Comp BC No. 5853 /07.03.29/2007-08November 15, 2007@@NBSP@@All Scheduled Commercial Banks Dear Sir,Internet Banking – Internet based Platforms for dealing in Rupee Vostro Accounts Please refer to our circulars DBOD Comp BC No. 130/07.03.23/2000-01 dated June 14, 2001 and DBOD Comp BC No. 1658/07.03.29/2006-07 dated August 22, 2006 containing guidelines for Internet Banking in India.2. On a review, it has been decided that banks may permit interne
নৱে 14, 2007
Fit and proper criteria for elected directors on the boards of Associate Banks of SBI
RBI/2007-2008/184DBOD. No. BC.No. 50/29.39.001/2007-08November 14, 2007The Managing Directors of allthe Associate Banks of State Bank of IndiaDear Sir,‘Fit and proper’ criteria for elected directors on the boards of Associate Banks of SBIIt has been decided to lay down specific ‘fit and proper’ criteria to be fulfilled by the persons being elected as directors on the Boards of Associate Banks of State Bank of India under the provisions of Section 25(1)(d) of State Ban
RBI/2007-2008/184DBOD. No. BC.No. 50/29.39.001/2007-08November 14, 2007The Managing Directors of allthe Associate Banks of State Bank of IndiaDear Sir,‘Fit and proper’ criteria for elected directors on the boards of Associate Banks of SBIIt has been decided to lay down specific ‘fit and proper’ criteria to be fulfilled by the persons being elected as directors on the Boards of Associate Banks of State Bank of India under the provisions of Section 25(1)(d) of State Ban
নৱে 06, 2007
Project Finance Portfolio of banks
RBI/2007-2008/179DBOD.BP.No. 48/ 21.04.048 /2007-08November 06, 2007All Commercial Banks(excluding RRBs)Dear Sir,Project Finance Portfolio of banksAt the time of financing projects banks generally adopt one of the following methodologies as far as determining the level of promoters’ equity is concerned.1) Promoters bring their entire contribution upfront before the bank starts disbursing its commitment.2) Promoters bring certain percentage of their equity (40% – 50%)
RBI/2007-2008/179DBOD.BP.No. 48/ 21.04.048 /2007-08November 06, 2007All Commercial Banks(excluding RRBs)Dear Sir,Project Finance Portfolio of banksAt the time of financing projects banks generally adopt one of the following methodologies as far as determining the level of promoters’ equity is concerned.1) Promoters bring their entire contribution upfront before the bank starts disbursing its commitment.2) Promoters bring certain percentage of their equity (40% – 50%)
নৱে 01, 2007
Fit and proper criteria for elected directors on the boards of nationalised banks
RBI/2007-08/178 DBOD. No. BC.No.47/29.39.001/2007-08 November 1, 2007The Chairman & Managing Director of all Nationalised Banks.Dear Sir / Madam,‘Fit and proper’ criteria for elected directors on the boards of nationalised banksIt has been decided to lay down specific ‘fit and proper’ criteria to be fulfilled by the persons being elected as directors on the Boards of the nationalised banks under the provisions of Section 9(3)(i) of Banking Companies (Acquisition a
RBI/2007-08/178 DBOD. No. BC.No.47/29.39.001/2007-08 November 1, 2007The Chairman & Managing Director of all Nationalised Banks.Dear Sir / Madam,‘Fit and proper’ criteria for elected directors on the boards of nationalised banksIt has been decided to lay down specific ‘fit and proper’ criteria to be fulfilled by the persons being elected as directors on the Boards of the nationalised banks under the provisions of Section 9(3)(i) of Banking Companies (Acquisition a
অক্টো 30, 2007
Alteration in the name of Bank in the Second Schedule to the Reserve Bank of India Act, 1934 - "UTI Bank Ltd" to "Axis Bank Ltd".
RBI/2007-2008/172 Ref: DBOD.No.Ret.BC.43/12.06.085 /2007-08 October 30, 2007 All Scheduled Commercial Banks Dear Sir, Alteration in the name of Bank in the Second Schedule to the Reserve Bank of India Act, 1934 - 'UTI Bank Ltd' to 'Axis Bank Ltd'. We advise that the name of 'UTI Bank Ltd' has been changed to 'Axis Bank Ltd' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from July 30, 2007 by notification DBOD.No.PSBD.1174/16.01.127/2007-08 d
RBI/2007-2008/172 Ref: DBOD.No.Ret.BC.43/12.06.085 /2007-08 October 30, 2007 All Scheduled Commercial Banks Dear Sir, Alteration in the name of Bank in the Second Schedule to the Reserve Bank of India Act, 1934 - 'UTI Bank Ltd' to 'Axis Bank Ltd'. We advise that the name of 'UTI Bank Ltd' has been changed to 'Axis Bank Ltd' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from July 30, 2007 by notification DBOD.No.PSBD.1174/16.01.127/2007-08 d
অক্টো 30, 2007
Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)
RBI/2007-2008/173 DBOD.No. Ret.BC.44/12.01.001/2007-08 October 30, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2007-2008/107/DBOD.No.Ret.BC.25/12.01.001/2007-08 dated July 31, 2007 on the captioned subject. On a review of the current liquidity situation, it has been decided to increase cash reserve ratio (CRR) of
RBI/2007-2008/173 DBOD.No. Ret.BC.44/12.01.001/2007-08 October 30, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2007-2008/107/DBOD.No.Ret.BC.25/12.01.001/2007-08 dated July 31, 2007 on the captioned subject. On a review of the current liquidity situation, it has been decided to increase cash reserve ratio (CRR) of
অক্টো 29, 2007
Guidelines for issuing preference shares as part of regulatory capital
RBI/2007-2008/169DBOD.No. BP. BC. 42 /21.01.002/2007-2008October 29, 2007 The Chairman and Managing Director/Chief Executive Officers of Commercial Banks(Excluding Foreign Banks, RRBs and LABs)Dear Sir,Guidelines for issuing preference shares as part of regulatory capital Please refer to our circular DBOD.No.BP.BC.57/21.01.002/2005-06 dated January 25, 2006 on the enhancement of banks’ capital raising options for capital adequacy purposes. With a view to providing a w
RBI/2007-2008/169DBOD.No. BP. BC. 42 /21.01.002/2007-2008October 29, 2007 The Chairman and Managing Director/Chief Executive Officers of Commercial Banks(Excluding Foreign Banks, RRBs and LABs)Dear Sir,Guidelines for issuing preference shares as part of regulatory capital Please refer to our circular DBOD.No.BP.BC.57/21.01.002/2005-06 dated January 25, 2006 on the enhancement of banks’ capital raising options for capital adequacy purposes. With a view to providing a w
অক্টো 29, 2007
Rupee Export Credit Interest Rates
RBI/2007-08/168 DBOD.Dir.(Exp).BC.No.@@NBSP@@ 41 /04.02.01/2007- 08 October 29, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp.)No.80/04.02.01/2007-08 dated April 17, 2007 on the captioned subject. 2. The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto April 30, 2008.@@NBSP@@ In this connection, you may plea
RBI/2007-08/168 DBOD.Dir.(Exp).BC.No.@@NBSP@@ 41 /04.02.01/2007- 08 October 29, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp.)No.80/04.02.01/2007-08 dated April 17, 2007 on the captioned subject. 2. The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto April 30, 2008.@@NBSP@@ In this connection, you may plea
অক্টো 25, 2007
Deposit schemes with lock-in period
RBI/2007-2008/167 DBOD.No.Dir.BC. 39/13.03.00/2007-2008 October 25, 2007All@@NBSP@@ Scheduled Commercial Banks (excluding RRBs) Dear Sir @@NBSP@@ Deposit schemes with lock-in period It has been brought to our notice that some banks are offering special term deposit products to customers, in addition to regular term deposits, ranging from 300 days to five years, with the following features: i. Lock-in periods ranging from 6 to 12 months; ii. During the lock-in period,
RBI/2007-2008/167 DBOD.No.Dir.BC. 39/13.03.00/2007-2008 October 25, 2007All@@NBSP@@ Scheduled Commercial Banks (excluding RRBs) Dear Sir @@NBSP@@ Deposit schemes with lock-in period It has been brought to our notice that some banks are offering special term deposit products to customers, in addition to regular term deposits, ranging from 300 days to five years, with the following features: i. Lock-in periods ranging from 6 to 12 months; ii. During the lock-in period,
অক্টো 24, 2007
Guidelines on Asset-Liability Management (ALM) System -amendments
RBI/2007-2008/165DBOD. No. BP. BC. 38 / 21.04.098/ 2007-08October 24, 2007Chairmen / Chief Executive OfficersAll Commercial Banks(excluding RRBs) Guidelines on Asset-Liability Management (ALM) System –amendmentsReserve Bank had issued guidelines on ALM system vide Circular No. DBOD. BP. BC. 8 / 21.04.098/ 99 dated February 10, 1999, which covered, among others, interest rate risk and liquidity risk measurement / reporting framework and prudential limits. As a measure
RBI/2007-2008/165DBOD. No. BP. BC. 38 / 21.04.098/ 2007-08October 24, 2007Chairmen / Chief Executive OfficersAll Commercial Banks(excluding RRBs) Guidelines on Asset-Liability Management (ALM) System –amendmentsReserve Bank had issued guidelines on ALM system vide Circular No. DBOD. BP. BC. 8 / 21.04.098/ 99 dated February 10, 1999, which covered, among others, interest rate risk and liquidity risk measurement / reporting framework and prudential limits. As a measure
অক্টো 23, 2007
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Lord Krishna Bank Ltd
RBI/2007-2008/164Ref: DBOD.No.Ret.BC.36/12.06.043 /2007-08October 23, 2007All Scheduled Commercial BanksDear Sir,Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Lord Krishna Bank LtdWe advise that the name of 'Lord Krishna Bank Ltd' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD. No. PSBD. 2536/16.01.130/2007-08 dated September 6, 2007, published in the Gazette of India (Part III - Sec
RBI/2007-2008/164Ref: DBOD.No.Ret.BC.36/12.06.043 /2007-08October 23, 2007All Scheduled Commercial BanksDear Sir,Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Lord Krishna Bank LtdWe advise that the name of 'Lord Krishna Bank Ltd' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD. No. PSBD. 2536/16.01.130/2007-08 dated September 6, 2007, published in the Gazette of India (Part III - Sec
অক্টো 19, 2007
Unsolicited Commercial Communications - National Do Not Call Registry
RBI/2007-08/163DBOD.FSD.BC.35/24.01.011/2007-08October 19, 2007 All Commercial Banks(excluding RRBs)Dear Sir,Unsolicited Commercial Communications - National Do Not Call RegistryPlease refer to paragraph 5 of our circular DBOD.FSD.BC.19/24.01.011/2007-08 dated July 3, 2007 wherein banks were advised (i) not to engage Telemarketers (DSAs/DMAs) who do not have any valid registration certificate from DoT, Govt of India, as telemarketers, (ii) to furnish the list of Telem
RBI/2007-08/163DBOD.FSD.BC.35/24.01.011/2007-08October 19, 2007 All Commercial Banks(excluding RRBs)Dear Sir,Unsolicited Commercial Communications - National Do Not Call RegistryPlease refer to paragraph 5 of our circular DBOD.FSD.BC.19/24.01.011/2007-08 dated July 3, 2007 wherein banks were advised (i) not to engage Telemarketers (DSAs/DMAs) who do not have any valid registration certificate from DoT, Govt of India, as telemarketers, (ii) to furnish the list of Telem
অক্টো 05, 2007
Review of loss making branches of banks
RBI/2007-2008/153DBS.CO.SMC.BC.No. 5 /22.23.001/2007-08October 5, 2007 The Chief Executives of allScheduled Commercial Banks(excluding foreign banks)Dear SirReview of loss making branches of banksPlease refer to circular DOS.No.BC.11/22.23.001/95-96 dated June 3, 1996 on the captioned subject in terms of which banks were advised to submit copies of review notes of loss making branches of banks accompanied by statements showing the classification of loss making branche
RBI/2007-2008/153DBS.CO.SMC.BC.No. 5 /22.23.001/2007-08October 5, 2007 The Chief Executives of allScheduled Commercial Banks(excluding foreign banks)Dear SirReview of loss making branches of banksPlease refer to circular DOS.No.BC.11/22.23.001/95-96 dated June 3, 1996 on the captioned subject in terms of which banks were advised to submit copies of review notes of loss making branches of banks accompanied by statements showing the classification of loss making branche
অক্টো 04, 2007
Guidelines on purchase/sale of Non Performing Assets
RBI/2007-2008/152DBOD.No.BP.BC.34 /21.04.048 /2007-08October 4, 2007All Commercial Banks (excluding RRBs)All India Term Lending and Refinancing InstitutionsAll Non Banking Financial Companies (including RNBCs)Dear Sir,Guidelines on purchase/sale of Non Performing AssetsPlease refer to our Circular No.DBOD.BP.BC.16/21.04.048/2005-06 dated 13 July 2005 on the captioned subject.2. In terms of the above banks' Boards are required to lay down policies and guidelines coveri
RBI/2007-2008/152DBOD.No.BP.BC.34 /21.04.048 /2007-08October 4, 2007All Commercial Banks (excluding RRBs)All India Term Lending and Refinancing InstitutionsAll Non Banking Financial Companies (including RNBCs)Dear Sir,Guidelines on purchase/sale of Non Performing AssetsPlease refer to our Circular No.DBOD.BP.BC.16/21.04.048/2005-06 dated 13 July 2005 on the captioned subject.2. In terms of the above banks' Boards are required to lay down policies and guidelines coveri
ছেপ্তে 17, 2007
Housing Loans - Orders of the Delhi High Court -
Writ Petition by Kalyan Sanstha Welfare Organisation against
Union of India and Others - Implementation of Directions
Writ Petition by Kalyan Sanstha Welfare Organisation against
Union of India and Others - Implementation of Directions
RBI/2007-2008/138DBOD.BP.BC..No. 33/08.12.01/2007-08September 17, 2007 ToThe Chairman and Managing Directors /Chief Executive Officers of all Commercial Banks Dear Sir,Housing Loans - Orders of the Delhi High Court –Writ Petition by Kalyan Sanstha Welfare Organisation againstUnion of India and Others - Implementation of DirectionsPlease refer to our circular DBOD.Dir.BC.No.43/08.12.01/2006-07@@NBSP@@dated November 17, 2006 on the captioned subject.2. It has been broug
RBI/2007-2008/138DBOD.BP.BC..No. 33/08.12.01/2007-08September 17, 2007 ToThe Chairman and Managing Directors /Chief Executive Officers of all Commercial Banks Dear Sir,Housing Loans - Orders of the Delhi High Court –Writ Petition by Kalyan Sanstha Welfare Organisation againstUnion of India and Others - Implementation of DirectionsPlease refer to our circular DBOD.Dir.BC.No.43/08.12.01/2006-07@@NBSP@@dated November 17, 2006 on the captioned subject.2. It has been broug
ছেপ্তে 10, 2007
Review of Circulars issued to Public Sector Banks
RBI/2007-2008/134DBOD. No. Inf. BC.32 /11.01.009/2007-08September 10, 2007ToChairman & Managing Directorof all Public Sector BanksDear Sir,Review of circulars issued to Public Sector Banks (PSBs) In continuation of our circular letter DBOD.No.Inf.BC.48/11.01.009/2006-07 dated December 18, 2006 on the above subject, it has been decided in consultation with the Government of India to withdraw 5 more circulars, as detailed in the enclosed statement.You are advised to
RBI/2007-2008/134DBOD. No. Inf. BC.32 /11.01.009/2007-08September 10, 2007ToChairman & Managing Directorof all Public Sector BanksDear Sir,Review of circulars issued to Public Sector Banks (PSBs) In continuation of our circular letter DBOD.No.Inf.BC.48/11.01.009/2006-07 dated December 18, 2006 on the above subject, it has been decided in consultation with the Government of India to withdraw 5 more circulars, as detailed in the enclosed statement.You are advised to
ছেপ্তে 07, 2007
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - The Sangli Bank Ltd
RBI/2007-2008/132 Ref: DBOD. No. Ret.BC.31 /12.06.048 /2007-08 September 7, 2007 To All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - The Sangli Bank Ltd We advise that the name of "The Sangli Bank Ltd" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD. No. PSBD. 11188/16.01.073/2006-07 dated May 14, 2007, published in the Gazette of India (Part III
RBI/2007-2008/132 Ref: DBOD. No. Ret.BC.31 /12.06.048 /2007-08 September 7, 2007 To All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - The Sangli Bank Ltd We advise that the name of "The Sangli Bank Ltd" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD. No. PSBD. 11188/16.01.073/2006-07 dated May 14, 2007, published in the Gazette of India (Part III
ছেপ্তে 03, 2007
Branch Level Customer Service Committees
RBI/2007-2008/128 DBOD.No.Leg.BC.30 /09.07.005/2007-08 September 3, 2007 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Branch Level Customer Service Committees In terms of recommendation no. 172 of the Working Group on Customer Service in Banks (Talwar Committee), banks were advised to establish customer service committees at branch level. Further, in terms of recommendation no. 3.68 of the Committee on Customer Service in Banks (Goiporia Committee), banks
RBI/2007-2008/128 DBOD.No.Leg.BC.30 /09.07.005/2007-08 September 3, 2007 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Branch Level Customer Service Committees In terms of recommendation no. 172 of the Working Group on Customer Service in Banks (Talwar Committee), banks were advised to establish customer service committees at branch level. Further, in terms of recommendation no. 3.68 of the Committee on Customer Service in Banks (Goiporia Committee), banks
আগ 31, 2007
Advances to Sugar Industry - Holding of Buffer Stock
RBI/2007-2008/127 DBOD.BP.BC. No. 29 / 08.07.06 / 2007-08 August 31, 2007 All Scheduled Commercial Banks Dear Sirs, Advances to Sugar Industry – Holding of Buffer Stock Please refer to our circular RBI/2007–08/91 DBOD.BP.BC.No.20/08.07.06/ 2007-08 dated July 11, 2007 on the captioned subject. 2. Government of India, Ministry of Consumer Affairs, Food & Public Distribution, Department of Food & Public Distribution vide their order dated August 1, 2007(copy encl
RBI/2007-2008/127 DBOD.BP.BC. No. 29 / 08.07.06 / 2007-08 August 31, 2007 All Scheduled Commercial Banks Dear Sirs, Advances to Sugar Industry – Holding of Buffer Stock Please refer to our circular RBI/2007–08/91 DBOD.BP.BC.No.20/08.07.06/ 2007-08 dated July 11, 2007 on the captioned subject. 2. Government of India, Ministry of Consumer Affairs, Food & Public Distribution, Department of Food & Public Distribution vide their order dated August 1, 2007(copy encl
আগ 22, 2007
Banks to Furnish Copy of Loan Agreement
RBI/2007-08/119 DBOD.No.Leg.BC. 28 /09.07.005/2007-08August 22, 2007All Scheduled Commercial Banks / All India Financial Institutions(Excluding RRBs)Dear Sir,Guidelines on Fair Practices Code for Lenders - Furnishing copy of loan agreementPlease refer to our Circular DBOD. Leg. No.BC. 104 /09.07.007/2002-03 dated May 5, 2003 wherein guidelines were issued to banks / FIs for framing the Fair Practices Code for Lenders.2. In terms of Para 2 (ii) (c) of the above Circula
RBI/2007-08/119 DBOD.No.Leg.BC. 28 /09.07.005/2007-08August 22, 2007All Scheduled Commercial Banks / All India Financial Institutions(Excluding RRBs)Dear Sir,Guidelines on Fair Practices Code for Lenders - Furnishing copy of loan agreementPlease refer to our Circular DBOD. Leg. No.BC. 104 /09.07.007/2002-03 dated May 5, 2003 wherein guidelines were issued to banks / FIs for framing the Fair Practices Code for Lenders.2. In terms of Para 2 (ii) (c) of the above Circula
আগ 22, 2007
Submission of Quarterly statement on Housing Finance disbursements - Discontinuance
RBI/2007-2008/120Ref.DBOD.Dir.(Hsg.)BC.No. 27/08.12.01/2007-08August 22, 2007Sravana 31, 1929(Saka)ToAll Scheduled Commercial BanksDear Sir,Submission of Quarterly statement on Housing Finance disbursements - DiscontinuancePlease refer to paragraph 7.2 of our Master Circular DBOD.No.DIR.(Hsg)BC.02/ 08.12.01/2007-08 dated 2nd July 2007 in terms of which banks are required to submit statement on housing finance disbursement on a quarterly basis indicating details of dis
RBI/2007-2008/120Ref.DBOD.Dir.(Hsg.)BC.No. 27/08.12.01/2007-08August 22, 2007Sravana 31, 1929(Saka)ToAll Scheduled Commercial BanksDear Sir,Submission of Quarterly statement on Housing Finance disbursements - DiscontinuancePlease refer to paragraph 7.2 of our Master Circular DBOD.No.DIR.(Hsg)BC.02/ 08.12.01/2007-08 dated 2nd July 2007 in terms of which banks are required to submit statement on housing finance disbursement on a quarterly basis indicating details of dis
আগ 03, 2007
Discounting / Rediscounting of Bills by banks
RBI/2007-2008/111DBOD.BP.BC.NO.26/21.02.070/2007-08August 3, 2007ToAll Scheduled Commercial Banks(excluding RRBs/LABs)Dear Sir,Discounting / Rediscounting of Bills by banksPlease refer to our Mater Circular RBI/2006-2007/43. DBOD.No.Dir.BC.9/13.03.00/ 2007-08@@NBSP@@dated July 2, 2007 on Loans and Advances - Statutory and Other Restrictions. 2. In terms of para 3.10 (iii) of the circular, banks should purchase / discount / negotiate bills under Letter of Credit (LC) o
RBI/2007-2008/111DBOD.BP.BC.NO.26/21.02.070/2007-08August 3, 2007ToAll Scheduled Commercial Banks(excluding RRBs/LABs)Dear Sir,Discounting / Rediscounting of Bills by banksPlease refer to our Mater Circular RBI/2006-2007/43. DBOD.No.Dir.BC.9/13.03.00/ 2007-08@@NBSP@@dated July 2, 2007 on Loans and Advances - Statutory and Other Restrictions. 2. In terms of para 3.10 (iii) of the circular, banks should purchase / discount / negotiate bills under Letter of Credit (LC) o
জুলাই 31, 2007
FIMMDA Reporting Platform for Corporate Bond Transactions
RBI/2007-2008/103 DBOD.BP.BC.NO. 23/21.04.141/2007-08 July 31, 2007 To All Commercial Banks (except RRBs & LABs) and select All India Financial Institutions (NHB, NABARD,EXIM Bank, SIDBI, TFCI Ltd.,IFCI Ltd.,IIBI Ltd.) Dear Sirs, FIMMDA Reporting Platform for Corporate Bond Transactions As you are aware, the High Level Expert Committee on Corporate Bonds and Securitisation (Patil Committee) had recommended setting up of reporting platforms for corporat
RBI/2007-2008/103 DBOD.BP.BC.NO. 23/21.04.141/2007-08 July 31, 2007 To All Commercial Banks (except RRBs & LABs) and select All India Financial Institutions (NHB, NABARD,EXIM Bank, SIDBI, TFCI Ltd.,IFCI Ltd.,IIBI Ltd.) Dear Sirs, FIMMDA Reporting Platform for Corporate Bond Transactions As you are aware, the High Level Expert Committee on Corporate Bonds and Securitisation (Patil Committee) had recommended setting up of reporting platforms for corporat
জুলাই 31, 2007
Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)
RBI/2007-2008/107Ref: DBOD.No. Ret.BC.25/12.01.001/2007-08July 31, 2007ToAll Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)Please refer to our Circular RBI/2006-2007/331 DBOD.No.Ret.BC.82/12.01.001/2006-07 dated April 20, 2007 on the captioned subject. On a review of the current liquidity situation, it has been decided to increase cash reserve ratio (CRR) of Sc
RBI/2007-2008/107Ref: DBOD.No. Ret.BC.25/12.01.001/2007-08July 31, 2007ToAll Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)Please refer to our Circular RBI/2006-2007/331 DBOD.No.Ret.BC.82/12.01.001/2006-07 dated April 20, 2007 on the captioned subject. On a review of the current liquidity situation, it has been decided to increase cash reserve ratio (CRR) of Sc
জুলাই 25, 2007
Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07
RBI/2007-2008/101 DBS.ARS.BC. No.@@NBSP@@ 3/ 08.92.001/ 2007-08 July 25, 2007 To,The Chairman & Managing Director, all Nationalised Banks and The Managing Director, Associate Banks of SBI Dear Sir/Madam,@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@
RBI/2007-2008/101 DBS.ARS.BC. No.@@NBSP@@ 3/ 08.92.001/ 2007-08 July 25, 2007 To,The Chairman & Managing Director, all Nationalised Banks and The Managing Director, Associate Banks of SBI Dear Sir/Madam,@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@
জুলাই 11, 2007
Advances to Sugar Industry - Holding of Buffer Stock
RBI/2007-2008/91 DBOD.BP.BC.No.20 / 08.07.06 / 2007-08 July 11, 2007 All Scheduled Commercial Banks Dear Sirs, Advances to Sugar Industry – Holding of Buffer Stock@@NBSP@@ Please find enclosed a copy of the notification dated April 20, 2007 issued by Government of India, Ministry of Consumer Affairs, Food & Public Distribution, Department of Food & Public Distribution on the captioned subject. 2. It may be observed therefrom that Government has decided to crea
RBI/2007-2008/91 DBOD.BP.BC.No.20 / 08.07.06 / 2007-08 July 11, 2007 All Scheduled Commercial Banks Dear Sirs, Advances to Sugar Industry – Holding of Buffer Stock@@NBSP@@ Please find enclosed a copy of the notification dated April 20, 2007 issued by Government of India, Ministry of Consumer Affairs, Food & Public Distribution, Department of Food & Public Distribution on the captioned subject. 2. It may be observed therefrom that Government has decided to crea
জুলাই 03, 2007
Unsolicited Commercial Communications - National Do Not Call Registry
RBI/2007-2008/78DBOD.FSD.BC. 19/24.01.011/2007-2008July 3, 2007All Commercial Banks(excluding RRBs)Dear Sir,Unsolicited Commercial Communications –- National Do Not Call Registry A reference is invited to para 7(i) of our circular No.DBOD.FSD.BC.10/24.01.011/2006-2007 dated July 1, 2006 addressed to all the Scheduled Commercial Banks/NBFCs on Credit Card operations of banks, wherein instructions have been given regarding maintenance of Do Not Call Registry by all cred
RBI/2007-2008/78DBOD.FSD.BC. 19/24.01.011/2007-2008July 3, 2007All Commercial Banks(excluding RRBs)Dear Sir,Unsolicited Commercial Communications –- National Do Not Call Registry A reference is invited to para 7(i) of our circular No.DBOD.FSD.BC.10/24.01.011/2006-2007 dated July 1, 2006 addressed to all the Scheduled Commercial Banks/NBFCs on Credit Card operations of banks, wherein instructions have been given regarding maintenance of Do Not Call Registry by all cred
জুন 28, 2007
Pension Funds Management by banks
RBI/2006-2007/446 DBOD.No.FSD.BC.102/24.01.022/2006-07June 28, 2007All Scheduled Commercial Banks (except RRBs)Dear SirPension Funds Management by banksIn exercise of the powers conferred by clause (o) of sub-section (1) of Section 6 of the Banking Regulation Act, 1949, Government of India have issued a Notification F.No.13/6/2005-BOA dated May 24, 2007 specifying 'acting as Pension Fund Manager' as a form of business in which it would be lawful for a banking company
RBI/2006-2007/446 DBOD.No.FSD.BC.102/24.01.022/2006-07June 28, 2007All Scheduled Commercial Banks (except RRBs)Dear SirPension Funds Management by banksIn exercise of the powers conferred by clause (o) of sub-section (1) of Section 6 of the Banking Regulation Act, 1949, Government of India have issued a Notification F.No.13/6/2005-BOA dated May 24, 2007 specifying 'acting as Pension Fund Manager' as a form of business in which it would be lawful for a banking company
জুন 26, 2007
Guidelines on Stress Testing
RBI / 2006-07/ 444DBOD. No. BP. BC.101 / 21.04.103/ 2006-07June 26, 2007The Chairman/ Chief Executive OfficerAll Commercial Banks(excluding RRBs & LABs)Dear Sir,Guidelines on Stress TestingImprovement in risk management practices has been in focus since the introduction of the financial sector liberalization process in the mid nineties. The process gained momentum with the issue of regulatory guidelines and guidance notes on asset liability management and manageme
RBI / 2006-07/ 444DBOD. No. BP. BC.101 / 21.04.103/ 2006-07June 26, 2007The Chairman/ Chief Executive OfficerAll Commercial Banks(excluding RRBs & LABs)Dear Sir,Guidelines on Stress TestingImprovement in risk management practices has been in focus since the introduction of the financial sector liberalization process in the mid nineties. The process gained momentum with the issue of regulatory guidelines and guidance notes on asset liability management and manageme
জুন 06, 2007
Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07
RBI/2006-2007/429DBS.ARS.No.BC. 08 / 08.92.001/ 2006-07June 6, 2007CONFIDENTIALThe Chairman & Managing Director, all Nationalised Banks andThe Managing Director, Associate Banks of SBIDear Sir, Remuneration payable to the Statutory Central andBranch Auditors of Public Sector Banks from the year 2006-07Please refer to our instructions on the captioned subject, contained in our circular DBS.ARS.No.BC.7 / 08.92.001/ 2003-04 dated March 17, 2004. It has been decided t
RBI/2006-2007/429DBS.ARS.No.BC. 08 / 08.92.001/ 2006-07June 6, 2007CONFIDENTIALThe Chairman & Managing Director, all Nationalised Banks andThe Managing Director, Associate Banks of SBIDear Sir, Remuneration payable to the Statutory Central andBranch Auditors of Public Sector Banks from the year 2006-07Please refer to our instructions on the captioned subject, contained in our circular DBS.ARS.No.BC.7 / 08.92.001/ 2003-04 dated March 17, 2004. It has been decided t
মে’ 25, 2007
Relaxation to trade and industry in the State of Jammu and Kashmir
RBI/2006-2007/416DBOD. No. BP. BC.100 /21.04.012/2006-07May 25, 2007The Chairmen of all ScheduledCommercial Banks (excluding RRBs)Dear Sir,Relaxation to trade and industry in the State of Jammu and KashmirPlease refer to our circular DBOD.No.BP.BC.69/21.04.012/2005-2006 dated 16th March 2006 extending the period of concessions/credit relaxations to borrowers / customers in Jammu and Kashmir up to 31 March 2007. It has been decided that the concessions/credit relaxatio
RBI/2006-2007/416DBOD. No. BP. BC.100 /21.04.012/2006-07May 25, 2007The Chairmen of all ScheduledCommercial Banks (excluding RRBs)Dear Sir,Relaxation to trade and industry in the State of Jammu and KashmirPlease refer to our circular DBOD.No.BP.BC.69/21.04.012/2005-2006 dated 16th March 2006 extending the period of concessions/credit relaxations to borrowers / customers in Jammu and Kashmir up to 31 March 2007. It has been decided that the concessions/credit relaxatio
মে’ 24, 2007
Doorstep Banking
RBI/2006-2007/412DBOD.No.BL.BC. 99 /22.01.010/2006-2007May 24, 2007Jyeshtha 03, 1929 SakaAll Scheduled Commercial Banks(excluding RRBs)Dear Sir Section 23 of the Banking Regulation Act, 1949 – Doorstep BankingPlease refer to our circular No.DBOD.BL.BC.59/22.01.010/2006-2007 dated February 21, 2007 on the above subject.2. Taking into account the suggestions received from Indian Banks’ Association as also some of the banks, the matter was reviewed and it has been decide
RBI/2006-2007/412DBOD.No.BL.BC. 99 /22.01.010/2006-2007May 24, 2007Jyeshtha 03, 1929 SakaAll Scheduled Commercial Banks(excluding RRBs)Dear Sir Section 23 of the Banking Regulation Act, 1949 – Doorstep BankingPlease refer to our circular No.DBOD.BL.BC.59/22.01.010/2006-2007 dated February 21, 2007 on the above subject.2. Taking into account the suggestions received from Indian Banks’ Association as also some of the banks, the matter was reviewed and it has been decide
মে’ 17, 2007
Exclusion Of Bharat Overseas Bank Ltd
RBI/2006-2007/397DBOD.BP.BC.No. 98 /21.01.002/2006-07May 17, 2007Exclusion Of Bharat Overseas Bank Ltd In pursuance of clause (b) of sub section (6) of Section 42 of Reserve Bank of India Act 1934 (2 of 1934), the Reserve Bank of India hereby directs exclusion with effect from April 1, 2007 from the Second Schedule to the said Act of the following bank, namely:'The Bharat Overseas Bank Ltd'Anand SinhaExecutive Director
RBI/2006-2007/397DBOD.BP.BC.No. 98 /21.01.002/2006-07May 17, 2007Exclusion Of Bharat Overseas Bank Ltd In pursuance of clause (b) of sub section (6) of Section 42 of Reserve Bank of India Act 1934 (2 of 1934), the Reserve Bank of India hereby directs exclusion with effect from April 1, 2007 from the Second Schedule to the said Act of the following bank, namely:'The Bharat Overseas Bank Ltd'Anand SinhaExecutive Director
মে’ 16, 2007
Guidelines on purchase / sale of Non Performing Assets
RBI/2006-2007/396 DBOD. No. BP. BC.97/21.04.048/2006-07May16, 2007All Commercial Banks (excluding RRBs) All India Term Lending and Refinancing Institutions All Non Banking Financial Companies (including RNBCs)Dear Sir,Guidelines on purchase / sale of Non Performing AssetsPlease refer to our Circular No. DBOD.BP.BC.16/21.04.048/2005-06 dated 13 July 2005 on the captioned subject. In terms of Para 5(iii) of the circular, the banks were advised that the estimated cash fl
RBI/2006-2007/396 DBOD. No. BP. BC.97/21.04.048/2006-07May16, 2007All Commercial Banks (excluding RRBs) All India Term Lending and Refinancing Institutions All Non Banking Financial Companies (including RNBCs)Dear Sir,Guidelines on purchase / sale of Non Performing AssetsPlease refer to our Circular No. DBOD.BP.BC.16/21.04.048/2005-06 dated 13 July 2005 on the captioned subject. In terms of Para 5(iii) of the circular, the banks were advised that the estimated cash fl
মে’ 10, 2007
Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Companies
RBI/2006-2007/389 DBOD.IBD.BC.No 96/23.37.001/2006-07 May 10,@@NBSP@@2007 All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Annual Policy Statement for the year 2007-08 - Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Corporates Please@@NBSP@@ refer@@NBSP@@ to@@NBSP@@ our@@NBSP@@ circular DBOD. IBD. BC. No.41/ 23.37.001/ 2006-07@@NBSP@@dated November 6, 2006 in terms of which the prudential limit on funded / non-funded cre
RBI/2006-2007/389 DBOD.IBD.BC.No 96/23.37.001/2006-07 May 10,@@NBSP@@2007 All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Annual Policy Statement for the year 2007-08 - Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Corporates Please@@NBSP@@ refer@@NBSP@@ to@@NBSP@@ our@@NBSP@@ circular DBOD. IBD. BC. No.41/ 23.37.001/ 2006-07@@NBSP@@dated November 6, 2006 in terms of which the prudential limit on funded / non-funded cre
মে’ 08, 2007
Import of Gold Coin - Tie-up arrangements
RBI/2006-2007/388DBOD. IBD.BC.95 /23.67.002/2006-07May 8, 2007All the banks authorised to import Gold/SilverDear Sir,Import of Gold Coin - Tie-up arrangements Under the Gold import authorisation scheme as envisaged in AD (GP Series) Circular No. 7 dated March 6, 1998 issued by our Foreign Exchange Department, we have been authorizing banks as Nominated Banks to import gold for sale to jewellery manufacturers, exporters and domestic users. 2. It has now been brought to
RBI/2006-2007/388DBOD. IBD.BC.95 /23.67.002/2006-07May 8, 2007All the banks authorised to import Gold/SilverDear Sir,Import of Gold Coin - Tie-up arrangements Under the Gold import authorisation scheme as envisaged in AD (GP Series) Circular No. 7 dated March 6, 1998 issued by our Foreign Exchange Department, we have been authorizing banks as Nominated Banks to import gold for sale to jewellery manufacturers, exporters and domestic users. 2. It has now been brought to
মে’ 07, 2007
Complaints about excessive interest charged by banks
RBI/2006-2007/377DBOD No. Dir.BC.93/ 13.03.00/2006-07May 7, 2007All Commercial Banks (Excluding RRBs)Dear SirComplaints about excessive interest charged by banksPlease refer to paragraph 168 of the Annual Policy Statement for the year 2007-08 (copy enclosed).2. The Reserve Bank and Banking Ombudsmans' offices have been receiving several complaints regarding levying of excessive interest and charges on certain loans and advances. In this connection, a reference is invi
RBI/2006-2007/377DBOD No. Dir.BC.93/ 13.03.00/2006-07May 7, 2007All Commercial Banks (Excluding RRBs)Dear SirComplaints about excessive interest charged by banksPlease refer to paragraph 168 of the Annual Policy Statement for the year 2007-08 (copy enclosed).2. The Reserve Bank and Banking Ombudsmans' offices have been receiving several complaints regarding levying of excessive interest and charges on certain loans and advances. In this connection, a reference is invi
মে’ 07, 2007
IT-enabled Financial Inclusion
RBI/2006-2007/378 DBOD.No.Leg.BC./94 /09.07.005/2006-07 May 07, 2007 The Chairman/Chief Executive Officer/Managing Director, All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam, Annual Policy Statement for the year 2007- 08 – IT-enabled Financial Inclusion Please refer to the paragraph 163 of the Annual Policy Statement for the year 2007-08, a copy of which is enclosed. 2.@@NBSP@@ As per our Circular DBOD.No.Leg.BC.44/09.07.005/2005-06 dated November 11,
RBI/2006-2007/378 DBOD.No.Leg.BC./94 /09.07.005/2006-07 May 07, 2007 The Chairman/Chief Executive Officer/Managing Director, All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam, Annual Policy Statement for the year 2007- 08 – IT-enabled Financial Inclusion Please refer to the paragraph 163 of the Annual Policy Statement for the year 2007-08, a copy of which is enclosed. 2.@@NBSP@@ As per our Circular DBOD.No.Leg.BC.44/09.07.005/2005-06 dated November 11,
মে’ 03, 2007
Risk Weight on Residential Housing Loans reduced
RBI/2006-2007/372 DBOD.BP.BC. 92 /21.01.002/ 2006-07 May 3, 2007 All Commercial Banks(excluding Regional Rural Banks)Dear Sir,Annual Policy Statement for the year 2007- 08: Risk weight on residential housing loansPlease refer to our circular No.DBOD.BP.BC.61/21.01.002/2004-05 dated December 23, 2004, wherein the risk weights on housing loans extended by banks to individuals against mortgage of housing properties and investments in Mortgage backed Securities (MBS) of H
RBI/2006-2007/372 DBOD.BP.BC. 92 /21.01.002/ 2006-07 May 3, 2007 All Commercial Banks(excluding Regional Rural Banks)Dear Sir,Annual Policy Statement for the year 2007- 08: Risk weight on residential housing loansPlease refer to our circular No.DBOD.BP.BC.61/21.01.002/2004-05 dated December 23, 2004, wherein the risk weights on housing loans extended by banks to individuals against mortgage of housing properties and investments in Mortgage backed Securities (MBS) of H
এপ্ৰিল 30, 2007
RBI asks UCBs not to deal with 918 defaulted companies following Patna High Court Order
RBI/2006-2007/364DBOD. No. Dir. BC. 91 /13.26.00/2006-07April 30, 2007The Chairman/ Managing Director/ Chief Executive Officers of all Commercial Banks (excluding RRBs)Dear SirIn the High Court of Judicature at Patna –CWJC No.13422 of 2006 –Council for the Protection of Public Rights and Welfarevs. Union of India and Others – Regarding We have to advise you that the Hon'ble Patna High Court vide its order dated April 10, 2007 in the captioned matter has directed the R
RBI/2006-2007/364DBOD. No. Dir. BC. 91 /13.26.00/2006-07April 30, 2007The Chairman/ Managing Director/ Chief Executive Officers of all Commercial Banks (excluding RRBs)Dear SirIn the High Court of Judicature at Patna –CWJC No.13422 of 2006 –Council for the Protection of Public Rights and Welfarevs. Union of India and Others – Regarding We have to advise you that the Hon'ble Patna High Court vide its order dated April 10, 2007 in the captioned matter has directed the R
এপ্ৰিল 27, 2007
Implementation of the New Capital Adequacy Framework
RBI/2006-2007/357DBOD. No. BP. BC. 90 / 20.06.001/ 2006-07April 27, 2007 The Chairman/Chief Executive OfficerAll Commercial Banks(excluding LABs & RRBs)Dear Sir,Prudential Guidelines on Capital Adequacy and Market Discipline – Implementation of the New Capital Adequacy FrameworkPlease refer to our letter DBOD.No.BP.1151/21.06.001/2006-07 dated March 20, 2007 forwarding the revised draft guidelines for implementation of the New Capital Adequacy Framework (Revised F
RBI/2006-2007/357DBOD. No. BP. BC. 90 / 20.06.001/ 2006-07April 27, 2007 The Chairman/Chief Executive OfficerAll Commercial Banks(excluding LABs & RRBs)Dear Sir,Prudential Guidelines on Capital Adequacy and Market Discipline – Implementation of the New Capital Adequacy FrameworkPlease refer to our letter DBOD.No.BP.1151/21.06.001/2006-07 dated March 20, 2007 forwarding the revised draft guidelines for implementation of the New Capital Adequacy Framework (Revised F
এপ্ৰিল 24, 2007
Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits
RBI/2006-2007/344 DBOD. No. Dir. BC. 89 /13.03.00/2006-07April 24, 2007All Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) depositsPlease refer to paragraphs 114, 115 and 116 of the Annual Policy Statement for the year 2007-08 announced by Governor on April 24, 2007 (copy of the paragraphs enclosed).2.@@NBSP@@ Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to pa
RBI/2006-2007/344 DBOD. No. Dir. BC. 89 /13.03.00/2006-07April 24, 2007All Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) depositsPlease refer to paragraphs 114, 115 and 116 of the Annual Policy Statement for the year 2007-08 announced by Governor on April 24, 2007 (copy of the paragraphs enclosed).2.@@NBSP@@ Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to pa
এপ্ৰিল 23, 2007
Working Group to review the existing guidelines on restructuring of advances and align them with the guidelines on CDR Mechanism
DBOD.No.BP. 1316 /21.04.132/2006-07April 23, 2007All Commercial Banks (excluding RRBs & LABs)Dear Sir,Working Group to review the existing guidelines on restructuring of advances and align them with the guidelines on CDR Mechanism Please refer to para 174 of Annual Policy Statement for the Year 2006-07, wherein it was proposed that a working group will be constituted to review and align the existing guidelines on restructuring of advances (other than under CDR mec
DBOD.No.BP. 1316 /21.04.132/2006-07April 23, 2007All Commercial Banks (excluding RRBs & LABs)Dear Sir,Working Group to review the existing guidelines on restructuring of advances and align them with the guidelines on CDR Mechanism Please refer to para 174 of Annual Policy Statement for the Year 2006-07, wherein it was proposed that a working group will be constituted to review and align the existing guidelines on restructuring of advances (other than under CDR mec
এপ্ৰিল 20, 2007
Maintenance of Cash Reserve Ratio (CRR)
RBI/2006-2007/331 Ref: DBOD.No. Ret.BC.82 /12.01.001/2006-07 @@NBSP@@April@@NBSP@@ 20, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circulars RBI/2006-2007/269 DBOD.No.Ret.BC.62/12.01.001/2006-2007 dated March 01, 2007@@NBSP@@ and RBI/2006-2007/305@@NBSP@@ DBOD.No.Ret.BC.74/12.01.001/2006-2007 dated April 04, 2007 on the captio
RBI/2006-2007/331 Ref: DBOD.No. Ret.BC.82 /12.01.001/2006-07 @@NBSP@@April@@NBSP@@ 20, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circulars RBI/2006-2007/269 DBOD.No.Ret.BC.62/12.01.001/2006-2007 dated March 01, 2007@@NBSP@@ and RBI/2006-2007/305@@NBSP@@ DBOD.No.Ret.BC.74/12.01.001/2006-2007 dated April 04, 2007 on the captio
এপ্ৰিল 20, 2007
Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories
RBI/2006-2007/332 Ref: DBOD.No. Ret.BC.84 /12.01.001/2006-07 April 20 , 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2006-2007/270@@NBSP@@ DBOD.No.Ret.BC.64/12.01.001/2006-07 dated March 01, 2007 on the captioned subject. Consequent upon the notification of Section 3 of the Reserve Bank of India (Amendment) Act, 2006 as coming into force wi
RBI/2006-2007/332 Ref: DBOD.No. Ret.BC.84 /12.01.001/2006-07 April 20 , 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2006-2007/270@@NBSP@@ DBOD.No.Ret.BC.64/12.01.001/2006-07 dated March 01, 2007 on the captioned subject. Consequent upon the notification of Section 3 of the Reserve Bank of India (Amendment) Act, 2006 as coming into force wi
এপ্ৰিল 20, 2007
Comprehensive Guidelines on Derivatives
RBI/2006-2007/333DBOD.No.BP.BC. 86/21.04.157/2006-07April 20, 2007Chairmen/ Chief Executive OfficersAll Commercial Banks (excluding RRBs),All India Term-Lending & Refinancing Institutions &Primary Dealers@@NBSP@@Dear Sir,Comprehensive Guidelines on DerivativesAs indicated in paragraph 137 of the Mid-term Review of Annual Policy for year 2006-07, an Internal Group was constituted by the Reserve Bank to review the existing guidelines on derivatives and formulate
RBI/2006-2007/333DBOD.No.BP.BC. 86/21.04.157/2006-07April 20, 2007Chairmen/ Chief Executive OfficersAll Commercial Banks (excluding RRBs),All India Term-Lending & Refinancing Institutions &Primary Dealers@@NBSP@@Dear Sir,Comprehensive Guidelines on DerivativesAs indicated in paragraph 137 of the Mid-term Review of Annual Policy for year 2006-07, an Internal Group was constituted by the Reserve Bank to review the existing guidelines on derivatives and formulate
এপ্ৰিল 20, 2007
Compliance function in banks
RBI/2006-2007/335 Ref. DBS. CO.PP.BC 6/11.01.005/2006-07 April 20, 2007 The Chairman / CEO All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Compliance function in banks As you are aware, draft guidelines on compliance function in banks were placed on the website vide Ref No. DBS.CO.PP.BC 1/11.01.005/2006-07 dated November 16, 2006. Based on the responses / comments on the draft guidelines received from banks, Self Regulatory Organizations and others,
RBI/2006-2007/335 Ref. DBS. CO.PP.BC 6/11.01.005/2006-07 April 20, 2007 The Chairman / CEO All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Compliance function in banks As you are aware, draft guidelines on compliance function in banks were placed on the website vide Ref No. DBS.CO.PP.BC 1/11.01.005/2006-07 dated November 16, 2006. Based on the responses / comments on the draft guidelines received from banks, Self Regulatory Organizations and others,
এপ্ৰিল 20, 2007
Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks
RBI/2006-2007/334DBOD.BP.BC. 87 /21.04.141/ 2006-07April 20, 2007All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Prudential Norms for Classification, Valuationand Operation of Investment Portfolio by BanksPlease refer to our Master Circular on the above subject DBOD. No. BP.BC. 14/ 21.04.141/ 2006-07, dated July 1, 2006. In terms of these guidelines a bank may classify a security in the Held to Maturity (HTM) category either at the time of acqui
RBI/2006-2007/334DBOD.BP.BC. 87 /21.04.141/ 2006-07April 20, 2007All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Prudential Norms for Classification, Valuationand Operation of Investment Portfolio by BanksPlease refer to our Master Circular on the above subject DBOD. No. BP.BC. 14/ 21.04.141/ 2006-07, dated July 1, 2006. In terms of these guidelines a bank may classify a security in the Held to Maturity (HTM) category either at the time of acqui
এপ্ৰিল 18, 2007
Guidelines - Accounting Standard 17( Segment Reporting) - Enhancement of disclosures
RBI/2006-2007/327 DBOD.No. BP.BC. 81 / 21.04.018/ 2006-07 April 18, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines - Accounting Standard 17( Segment Reporting) – Enhancement of disclosures Please refer to our circular DBOD.No.BP. BC. 89 /21.04.018/2002-03 dated March29, 2003 in terms of which banks are required to adopt the three business segments viz. ‘Treasury’, ‘Other Banking Business’ and ‘Residual’ as the uniform business segments and ‘
RBI/2006-2007/327 DBOD.No. BP.BC. 81 / 21.04.018/ 2006-07 April 18, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines - Accounting Standard 17( Segment Reporting) – Enhancement of disclosures Please refer to our circular DBOD.No.BP. BC. 89 /21.04.018/2002-03 dated March29, 2003 in terms of which banks are required to adopt the three business segments viz. ‘Treasury’, ‘Other Banking Business’ and ‘Residual’ as the uniform business segments and ‘
এপ্ৰিল 18, 2007
Introduction of ‘Protected Disclosures Scheme for Private Sector and Foreign banks'
RBI/2006-2007/328 DO DBS .FrMC No. BC 5 /23.02.011 /2006-07 April 18, 2007 All Private Sector and Foreign Banks operating in India Introduction of ‘Protected Disclosures Scheme for Private Sector and Foreign banks' The Government of India, vide its Resolution dated April 21, 2004 had authorized the Central Vigilance Commission (CVC) as the 'Designated Agency' to receive written complaints for disclosure on any allegation of corruption or misuse of office by any employ
RBI/2006-2007/328 DO DBS .FrMC No. BC 5 /23.02.011 /2006-07 April 18, 2007 All Private Sector and Foreign Banks operating in India Introduction of ‘Protected Disclosures Scheme for Private Sector and Foreign banks' The Government of India, vide its Resolution dated April 21, 2004 had authorized the Central Vigilance Commission (CVC) as the 'Designated Agency' to receive written complaints for disclosure on any allegation of corruption or misuse of office by any employ
এপ্ৰিল 17, 2007
Safe Deposit Lockers/Articles in Safe Custody
Draft Circular on Safe Deposit LockersRBI/2006-2007/325 DBOD.No.Leg.BC.78 /09.07.005/2006-07April 17, 2007ToAll Scheduled Commercial Banks (excluding RRBs)Dear Sir,Extension of Safe Deposit Locker / Safe CustodyArticle Facility and Access to Safe Deposit Lockers /Return of Safe Custody Articles by banks. The Committee on Procedures and Performance Audit on Public Services (CPPAPS) had made some recommendations for easy operation of lockers. We have reviewed all the gu
Draft Circular on Safe Deposit LockersRBI/2006-2007/325 DBOD.No.Leg.BC.78 /09.07.005/2006-07April 17, 2007ToAll Scheduled Commercial Banks (excluding RRBs)Dear Sir,Extension of Safe Deposit Locker / Safe CustodyArticle Facility and Access to Safe Deposit Lockers /Return of Safe Custody Articles by banks. The Committee on Procedures and Performance Audit on Public Services (CPPAPS) had made some recommendations for easy operation of lockers. We have reviewed all the gu
এপ্ৰিল 17, 2007
Rupee Export Credit Interest Rates
RBI/2006-2007/326DBOD.Dir.(Exp).BC.No.80/04.02.01/2006-07April 17, 2007@@NBSP@@All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp.)No.37/04.02.01/2006-07 dated October 20, 2006 on the captioned subject.The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto October 31, 2007. In this connection, you may please refer to RBI c
RBI/2006-2007/326DBOD.Dir.(Exp).BC.No.80/04.02.01/2006-07April 17, 2007@@NBSP@@All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp.)No.37/04.02.01/2006-07 dated October 20, 2006 on the captioned subject.The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto October 31, 2007. In this connection, you may please refer to RBI c
এপ্ৰিল 13, 2007
Wire Transfers
RBI/2006-2007/321DBOD.AML.BC. No. 77 / 14.01.001 / 2006-07April 13, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML)Standards / Combating of Financing of Terrorism (CFT) – Wire TransfersBanks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or from one country to anothe
RBI/2006-2007/321DBOD.AML.BC. No. 77 / 14.01.001 / 2006-07April 13, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML)Standards / Combating of Financing of Terrorism (CFT) – Wire TransfersBanks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or from one country to anothe
এপ্ৰিল 12, 2007
Asset Classification Norms for Infrastructure Projects Modified
RBI/2006-2007/320DBOD No. BP.BC. 76 /21.04.048/2006-07April 12, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Prudential norms on Income recognition, Asset Classification andProvisioning pertaining to Advances – Projects involving time overrunIn terms of Sub-para (iv) of Para 4.2.17 of Master Circular DBOD No. BP.BC. 15/ 21.04.048/2006-07 dated 1 July 2006 on ‘Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Adva
RBI/2006-2007/320DBOD No. BP.BC. 76 /21.04.048/2006-07April 12, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Prudential norms on Income recognition, Asset Classification andProvisioning pertaining to Advances – Projects involving time overrunIn terms of Sub-para (iv) of Para 4.2.17 of Master Circular DBOD No. BP.BC. 15/ 21.04.048/2006-07 dated 1 July 2006 on ‘Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Adva
এপ্ৰিল 05, 2007
Nomination Facility in Single Deposit Accounts
RBI/2006-2007/310DBOD.No.Leg BC. 75 /09.07.005/2006-07April 5, 2007All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Nomination Facility in Single Deposit Accounts Please refer to Para 9 of our Circular DBOD. No. BC.95/09.07.005/2004-05 dated June 9, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorship clause. We feel that despite th
RBI/2006-2007/310DBOD.No.Leg BC. 75 /09.07.005/2006-07April 5, 2007All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Nomination Facility in Single Deposit Accounts Please refer to Para 9 of our Circular DBOD. No. BC.95/09.07.005/2004-05 dated June 9, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorship clause. We feel that despite th
এপ্ৰিল 04, 2007
Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)
RBI/2006-2007/305 Ref: DBOD.No. Ret.BC.74 /12.01.001/2006-07 April 04, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2006-2007/269 / DBOD.No.Ret.BC.62/12.01.001/2006-07 dated March 01, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it has been decided to increase Cas
RBI/2006-2007/305 Ref: DBOD.No. Ret.BC.74 /12.01.001/2006-07 April 04, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2006-2007/269 / DBOD.No.Ret.BC.62/12.01.001/2006-07 dated March 01, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it has been decided to increase Cas
এপ্ৰিল 03, 2007
Gold (Metal) Loan - tenor of
RBI/2006-2007/302 DBOD.No.IBD.BC.71/23.67.001/2006-2007 April 3, 2007 All Scheduled Commercial Banks (excluding RRBs ) Dear Sir, Gold (Metal) Loan – tenor of In terms of our circular DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005 it was advised that banks nominated to import gold* as per extant instructions may extend Gold (Metal) Loans to domestic jewellery manufacturers, who are not exporters of jewellery, subject to conditions specified therein.@@NBSP@
RBI/2006-2007/302 DBOD.No.IBD.BC.71/23.67.001/2006-2007 April 3, 2007 All Scheduled Commercial Banks (excluding RRBs ) Dear Sir, Gold (Metal) Loan – tenor of In terms of our circular DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005 it was advised that banks nominated to import gold* as per extant instructions may extend Gold (Metal) Loans to domestic jewellery manufacturers, who are not exporters of jewellery, subject to conditions specified therein.@@NBSP@
এপ্ৰিল 03, 2007
Guarantees for Export Advance
RBI/2006-2007/303DBOD No. Dir.BC.72/ 13.03.00/2006-07April 3, 2007Chief Executives of all Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Guarantees for Export AdvanceIt has come to our notice that exporters with low export turnover are receiving large amounts as export advances, in low interest rate currencies, against domestic bank guarantees and are depositing such advances with banks in Indian Rupees for interest rate arbitrage. Further, the guarantees are bei
RBI/2006-2007/303DBOD No. Dir.BC.72/ 13.03.00/2006-07April 3, 2007Chief Executives of all Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Guarantees for Export AdvanceIt has come to our notice that exporters with low export turnover are receiving large amounts as export advances, in low interest rate currencies, against domestic bank guarantees and are depositing such advances with banks in Indian Rupees for interest rate arbitrage. Further, the guarantees are bei
মাৰ্চ 30, 2007
Rounding off cheques to the nearest rupee
RBI.No.2006-2007/299DBOD. Dir. BC. 70/13.01.01/ 2006-07March 30, 2007All Commercial Banks (excluding RRBs)Dear SirRounding off cheques to the nearest rupee Please refer to paragraph 19 of our Master Circular DBOD Dir. BC. 6/13.03.00/2006-07dated July 1, 2006 on 'Interest Rates on Deposits', in terms of which banks were advised that all transactions, including payment of interest on deposits/charging of interest on advances, should be rounded off to the nearest rupee;
RBI.No.2006-2007/299DBOD. Dir. BC. 70/13.01.01/ 2006-07March 30, 2007All Commercial Banks (excluding RRBs)Dear SirRounding off cheques to the nearest rupee Please refer to paragraph 19 of our Master Circular DBOD Dir. BC. 6/13.03.00/2006-07dated July 1, 2006 on 'Interest Rates on Deposits', in terms of which banks were advised that all transactions, including payment of interest on deposits/charging of interest on advances, should be rounded off to the nearest rupee;
মাৰ্চ 14, 2007
Grant of Loans for acquisition of Kisan Vikas Patras (KVPs)
RBI/2006-2007/288 DBOD.No.Dir.BC.69/13.03.00/2006-2007 March 14, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Grant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals (mostly High Networth Individuals-HNIs) for acquisition of Kisan Vikas Patras (KVPs). The HNIs were first required to bring in 10% of the total face value of the proposed investment in
RBI/2006-2007/288 DBOD.No.Dir.BC.69/13.03.00/2006-2007 March 14, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Grant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals (mostly High Networth Individuals-HNIs) for acquisition of Kisan Vikas Patras (KVPs). The HNIs were first required to bring in 10% of the total face value of the proposed investment in
মাৰ্চ 13, 2007
Prudential norms on creation and utilisation of floating provisions
RBI/2006-07/287 DBOD.NO.BP.BC.68/21.04.048/2006-07 March 13, 2007All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Prudential norms on creation and utilisation of floating provisions Please refer to Para 2(i) of Circular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006 on the captioned subject in terms of which banks can use the floating provisions only for contingencies under extra-ordinary circumstances for making specific provisions in impaired account
RBI/2006-07/287 DBOD.NO.BP.BC.68/21.04.048/2006-07 March 13, 2007All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Prudential norms on creation and utilisation of floating provisions Please refer to Para 2(i) of Circular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006 on the captioned subject in terms of which banks can use the floating provisions only for contingencies under extra-ordinary circumstances for making specific provisions in impaired account
মাৰ্চ 07, 2007
Exclusion from the Second Schedule to the Reserve Bank of India Act,1934 - The United Western Bank Ltd
RBI/2006-2007/282DBOD. Ret. BC No. 67/12.06.051/2006-07March 07, 2007All Scheduled Commercial BanksDear Sirs,Exclusion from the Second Schedule to theReserve Bank of India Act,1934 -The United Western Bank LtdWe advise that the name of The United Western Bank Ltd has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 25, 2006, i.e. the date on which the relative notification DBOD. No. PSBD. 4146/16.01.076 /2006-07 d
RBI/2006-2007/282DBOD. Ret. BC No. 67/12.06.051/2006-07March 07, 2007All Scheduled Commercial BanksDear Sirs,Exclusion from the Second Schedule to theReserve Bank of India Act,1934 -The United Western Bank LtdWe advise that the name of The United Western Bank Ltd has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 25, 2006, i.e. the date on which the relative notification DBOD. No. PSBD. 4146/16.01.076 /2006-07 d
মাৰ্চ 06, 2007
Guidelines on Fair Practices Code for Lenders
RBI/2006-2007/280 DBOD.No.Leg.BC.65 /09.07.005/2006-07March 6, 2007All Scheduled Commercial Banks / All India Financial Institutions(Excluding RRBs) Dear Sir,Guidelines on Fair Practices Code for LendersPlease refer to our Circular DBOD. Leg. No.BC. 104 /09.07.007/2002-03 dated May 5, 2003 wherein guidelines were issued to banks / FIs for framing the Fair Practices Code for Lenders.2. In terms of Para 2 (i) (a) of the above Circular, banks / FIs were advised that
RBI/2006-2007/280 DBOD.No.Leg.BC.65 /09.07.005/2006-07March 6, 2007All Scheduled Commercial Banks / All India Financial Institutions(Excluding RRBs) Dear Sir,Guidelines on Fair Practices Code for LendersPlease refer to our Circular DBOD. Leg. No.BC. 104 /09.07.007/2002-03 dated May 5, 2003 wherein guidelines were issued to banks / FIs for framing the Fair Practices Code for Lenders.2. In terms of Para 2 (i) (a) of the above Circular, banks / FIs were advised that
মাৰ্চ 06, 2007
Prudential Limits for Inter- Bank Liabilities (IBL)
RBI/2006-2007/281 DBOD. No. BP.BC. 66/ 21.01.002/ 2006-2007March 6, 2007All Commercial Banks(Excluding RRBs) Dear Sir,Prudential Limits for Inter- Bank Liabilities (IBL) As you are aware, in India, while the counterparty risk concentration on the assets side has attracted adequate attention and received regulatory policy response, the concentration risk on the liability side of the banks has not received similar attention. Liability side management has its own merits
RBI/2006-2007/281 DBOD. No. BP.BC. 66/ 21.01.002/ 2006-2007March 6, 2007All Commercial Banks(Excluding RRBs) Dear Sir,Prudential Limits for Inter- Bank Liabilities (IBL) As you are aware, in India, while the counterparty risk concentration on the assets side has attracted adequate attention and received regulatory policy response, the concentration risk on the liability side of the banks has not received similar attention. Liability side management has its own merits
মাৰ্চ 01, 2007
SCBs Maintenance of CRR on Exempted Categories
RBI/2006-2007/270 Ref: DBOD.No. Ret.BC. 64/12.01.001/2006-07 March 01, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2005-2006/423 DBOD.No.Ret.BC.93/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject. It has been decided to withdraw the above circular with immediate effect. It has however, been decided that every Scheduled Comm
RBI/2006-2007/270 Ref: DBOD.No. Ret.BC. 64/12.01.001/2006-07 March 01, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2005-2006/423 DBOD.No.Ret.BC.93/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject. It has been decided to withdraw the above circular with immediate effect. It has however, been decided that every Scheduled Comm
মাৰ্চ 01, 2007
SCBs - Maintenance of Cash Reserve Ratio
RBI/2006-2007/269 Ref: DBOD.No. Ret.BC. 62 /12.01.001/2006-07 March 01, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-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. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 ha
RBI/2006-2007/269 Ref: DBOD.No. Ret.BC. 62 /12.01.001/2006-07 March 01, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-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. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 ha
ফেব্ৰু 22, 2007
Analysis and Disclosure of complaints - Disclosure of complaints / unimplemented awards of Banking Ombudsmen alongwith Financial Results
RBI/2006-2007/266 DBOD.No.Leg BC. 60 /09.07.005/2006-07February 22, 2007 All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Analysis and Disclosure of complaints -Disclosure of complaints / unimplemented awards ofBanking Ombudsmen alongwith Financial ResultsThe Committee on Procedures and Performance Audit on Public Services (CPPAPS) had recommended that banks should place a statement before their Boards analyzing the complaints received. CPPAPS had further
RBI/2006-2007/266 DBOD.No.Leg BC. 60 /09.07.005/2006-07February 22, 2007 All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Analysis and Disclosure of complaints -Disclosure of complaints / unimplemented awards ofBanking Ombudsmen alongwith Financial ResultsThe Committee on Procedures and Performance Audit on Public Services (CPPAPS) had recommended that banks should place a statement before their Boards analyzing the complaints received. CPPAPS had further
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