Annexing of Audited Balance Sheet in respect of Subsidiaries to Parent Bank’s Balance Sheet

DBOD No. BP.BC 134/21.04.018/00-0122 June 2001All Public Sector BanksDear Sir,Annexing of Audited Balance Sheet in respect of Subsidiaries to Parent Bank’s Balance SheetPlease refer to our circular DBOD No.BP.BC.96/21.04.018/00-01 dated March 28, 2001 advising banks to annex Balance Sheet, P&L Account, Auditors’ Report and Directors’ Report of their subsidiaries to their own Balance Sheet. A few banks have stated that as per the provisions of the Companies Act 195

DBOD No. BP.BC 134/21.04.018/00-0122 June 2001All Public Sector BanksDear Sir,Annexing of Audited Balance Sheet in respect of Subsidiaries to Parent Bank’s Balance SheetPlease refer to our circular DBOD No.BP.BC.96/21.04.018/00-01 dated March 28, 2001 advising banks to annex Balance Sheet, P&L Account, Auditors’ Report and Directors’ Report of their subsidiaries to their own Balance Sheet. A few banks have stated that as per the provisions of the Companies Act 195

Annexing of Audited Balance Sheet in respect of Subsidiaries to Parent Bank’s Balance Sheet

Housing Finance

IECD.No.(HF) 18 /03.27.25/2000-2001June 21, 2001 Jyestha 31, 1922 (Saka)Chief Executives of all Commercial BanksDear Sir,Master Circular - Housing FinanceAs you are aware, the Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks in regard to matters relating to Housing Finance. To enable the banks to have all current instructions on the subject at one place, a Master Circular incorporating all the existing guidel

IECD.No.(HF) 18 /03.27.25/2000-2001June 21, 2001 Jyestha 31, 1922 (Saka)Chief Executives of all Commercial BanksDear Sir,Master Circular - Housing FinanceAs you are aware, the Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks in regard to matters relating to Housing Finance. To enable the banks to have all current instructions on the subject at one place, a Master Circular incorporating all the existing guidel

Housing Finance

Guidelines for the issue of Smart/Debit Cards by banks

DBOD.FSC.BC.133 /24.01.019/2000-01June 18 , 2001All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Guidelines for the issue of Smart/Debit Cards by banksPlease refer to Paragraph 4 our circular DBOD.No.FSC.BC.123/24.01.019//99-2000 dated 12th November 1999 wherein it has been mentioned that the report on the operations of the Smart/Debit Cards issued by banks may be forwarded to the Adviser-in-Charge, Reserve Bank of India, Monetary Policy Department on a fortnigh

DBOD.FSC.BC.133 /24.01.019/2000-01June 18 , 2001All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Guidelines for the issue of Smart/Debit Cards by banksPlease refer to Paragraph 4 our circular DBOD.No.FSC.BC.123/24.01.019//99-2000 dated 12th November 1999 wherein it has been mentioned that the report on the operations of the Smart/Debit Cards issued by banks may be forwarded to the Adviser-in-Charge, Reserve Bank of India, Monetary Policy Department on a fortnigh

Guidelines for the issue of Smart/Debit Cards by banks

Income recognition, asset classification and
provisioning norms for advances

DBOD.BP.BC. 132 / 21.04.048/ 2000-2001June 14, 2001All Commercial Banks (excluding RRBs) Dear Sir,Income recognition, asset classification and provisioning norms for advancesAs you are aware, the prudential norms on income recognition, asset classification and provisioning introduced in 1992, eliminated the subjective element in these areas and introduced objectivity to a large extent. The identification of a Non Performing Asset (NPA), which is the basis for applicat

DBOD.BP.BC. 132 / 21.04.048/ 2000-2001June 14, 2001All Commercial Banks (excluding RRBs) Dear Sir,Income recognition, asset classification and provisioning norms for advancesAs you are aware, the prudential norms on income recognition, asset classification and provisioning introduced in 1992, eliminated the subjective element in these areas and introduced objectivity to a large extent. The identification of a Non Performing Asset (NPA), which is the basis for applicat

Income recognition, asset classification and provisioning norms for advances

Internet Banking in India – Guidelines

DBOD.COMP.BC.No.130/ 07.03.23/ 2000-01June 14, 2001All Scheduled Commercial BanksDear Sir,Internet Banking in India – GuidelinesYou may be aware that Reserve Bank of India had set up a ‘Working Group on Internet Banking’ to examine different aspects of Internet Banking (I-banking). The Group had focussed on three major areas of I-banking, i.e, (i) technology and security issues, (ii) legal issues and (iii) regulatory and supervisory issues. A copy of the Group’s repor

DBOD.COMP.BC.No.130/ 07.03.23/ 2000-01June 14, 2001All Scheduled Commercial BanksDear Sir,Internet Banking in India – GuidelinesYou may be aware that Reserve Bank of India had set up a ‘Working Group on Internet Banking’ to examine different aspects of Internet Banking (I-banking). The Group had focussed on three major areas of I-banking, i.e, (i) technology and security issues, (ii) legal issues and (iii) regulatory and supervisory issues. A copy of the Group’s repor

Internet Banking in India – Guidelines

Receipt of foreign contributions by
Associations/ Oranisations in India under
Foreign Contribution(Regulation) Act,1976

BP.BC. 129 /21.01.023/2000-01June 12, 2001All Commercial Banks(Excluding RRBs)Dear Sir, Receipt of foreign contributions by Associations/ Oranisations in India underForeign Contribution(Regulation) Act,1976Please refer to our circular DBOD. No.BP.BC.74/21.01.023/2001 dated February 1, 2001 advising banks the exemption granted by Government of India, Ministry of Home Affairs, with immediate effect and upto 31st March 2001, to all associations/organisations (other than

BP.BC. 129 /21.01.023/2000-01June 12, 2001All Commercial Banks(Excluding RRBs)Dear Sir, Receipt of foreign contributions by Associations/ Oranisations in India underForeign Contribution(Regulation) Act,1976Please refer to our circular DBOD. No.BP.BC.74/21.01.023/2001 dated February 1, 2001 advising banks the exemption granted by Government of India, Ministry of Home Affairs, with immediate effect and upto 31st March 2001, to all associations/organisations (other than

Receipt of foreign contributions by Associations/ Oranisations in India under Foreign Contribution(Regulation) Act,1976

Foreign Exchange Management Act, 1999 –
Export of Goods and Services
A.P. (DIR Series) Circular No. 35 (June 11, 2001)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 A.P. (DIR Series) Circular No. 35 June 11, 2001 To All Authorised Dealers in Foreign Exchange Dear Sirs Foreign Exchange Management Act, 1999 – Export of Goods and Services Attention of authorised dealers is invited to paragraph C.10 of the Annexure to A.P. (DIR Series) Circular No.12 dated September 9, 2000, in terms of which authorised dealers have been advised to watch closely realisa

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 A.P. (DIR Series) Circular No. 35 June 11, 2001 To All Authorised Dealers in Foreign Exchange Dear Sirs Foreign Exchange Management Act, 1999 – Export of Goods and Services Attention of authorised dealers is invited to paragraph C.10 of the Annexure to A.P. (DIR Series) Circular No.12 dated September 9, 2000, in terms of which authorised dealers have been advised to watch closely realisa

Foreign Exchange Management Act, 1999 – Export of Goods and Services A.P. (DIR Series) Circular No. 35 (June 11, 2001)

Non-SLR Investments of Banks

June 7, 2001DBOD.BP.BC. 127 / 21.04.048 / 2000-01All Commercial Banks (excluding RRBs and LABs)Dear Sir,Non-SLR Investments of BanksPlease refer to para 4.3 of our circular DBOD.No.BP.BC.32/ 21.04.048/ 2000-01 dated October 16, 2000, advising banks to formulate investment policy with the approval of their Board of Directors, which should also adequately address risk management aspects. Banks have also been advised vide para 4 of our circular DBOD. No. BP.(SC).BC.98 /

June 7, 2001DBOD.BP.BC. 127 / 21.04.048 / 2000-01All Commercial Banks (excluding RRBs and LABs)Dear Sir,Non-SLR Investments of BanksPlease refer to para 4.3 of our circular DBOD.No.BP.BC.32/ 21.04.048/ 2000-01 dated October 16, 2000, advising banks to formulate investment policy with the approval of their Board of Directors, which should also adequately address risk management aspects. Banks have also been advised vide para 4 of our circular DBOD. No. BP.(SC).BC.98 /

Non-SLR Investments of Banks

SSI Advances Guaranteed by Credit Guarantee Fund Trust for Small Industries (CGTSI) – Risk weights and Provisioning norms

DBOD No.BP.BC. 128 /21.04.048/ 00-01June 07, 2001All Commercial Banks(Excluding RRBs and LABs)Dear Sir,SSI Advances Guaranteed by Credit Guarantee Fund Trust for Small Industries (CGTSI) – Risk weights and Provisioning normsCredit Guarantee Fund Trust for Small Industries (CGTSI), a Trust set up jointly by the Government of India and Small Industries Development Bank of India is administering the Credit Guarantee Fund Scheme for Small Industries (CGFSSI) launched by G

DBOD No.BP.BC. 128 /21.04.048/ 00-01June 07, 2001All Commercial Banks(Excluding RRBs and LABs)Dear Sir,SSI Advances Guaranteed by Credit Guarantee Fund Trust for Small Industries (CGTSI) – Risk weights and Provisioning normsCredit Guarantee Fund Trust for Small Industries (CGTSI), a Trust set up jointly by the Government of India and Small Industries Development Bank of India is administering the Credit Guarantee Fund Scheme for Small Industries (CGFSSI) launched by G

SSI Advances Guaranteed by Credit Guarantee Fund Trust for Small Industries (CGTSI) – Risk weights and Provisioning norms

Tender for 20-year Government Stock for an aggregate amount
of Rs.2,000 crore : Auction to be held on May 29,2001.

Tender for 20-year Government Stock for an aggregate amount of Rs.2,000 crore : Auction to be held on May 29,2001.