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Sep 07, 2001
Swarnjayanti Gram Swarozgar Yojana (SGSY)- Implementation -CLCC discussions
RPCD. SP. BC. 19 /09.01.01/2001-2002 The Chairman /Managing DirectorAll Indian Scheduled Commercial BanksDear Sir,Swarnjayanti Gram Swarozgar Yojana (SGSY)- Implementation -CLCC discussionsPlease refer to our circulars RPCD.NO.SP.BC.23/09.01.01/99-2000 dated 1 September 1999, SP.BC.58/09.01.01/99-2000 dated 2 February 2000 and SP.BC. 1/ 09.01.01 /2000-01 dated 3 July 2000 on the above subject. 2. The Central Level Coordination Committee (CLCC) meeting on SGSY held on
RPCD. SP. BC. 19 /09.01.01/2001-2002 The Chairman /Managing DirectorAll Indian Scheduled Commercial BanksDear Sir,Swarnjayanti Gram Swarozgar Yojana (SGSY)- Implementation -CLCC discussionsPlease refer to our circulars RPCD.NO.SP.BC.23/09.01.01/99-2000 dated 1 September 1999, SP.BC.58/09.01.01/99-2000 dated 2 February 2000 and SP.BC. 1/ 09.01.01 /2000-01 dated 3 July 2000 on the above subject. 2. The Central Level Coordination Committee (CLCC) meeting on SGSY held on
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Sep 01, 2001
Receipt of foreign contributions by
Associations/ Organisations in India under
Foreign Contribution(Regulation) Act,1976
Associations/ Organisations in India under
Foreign Contribution(Regulation) Act,1976
BP.BC. /21.01.023/2000-01September 1, 2001All Commercial Banks(Excluding RRBs)Dear Sir, Receipt of foreign contributions by Associations/ Organisations 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
BP.BC. /21.01.023/2000-01September 1, 2001All Commercial Banks(Excluding RRBs)Dear Sir, Receipt of foreign contributions by Associations/ Organisations 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
Aug 31, 2001
Priority Sector Lending Scheme for
financing Agriclinics and Agribusiness Centres
financing Agriclinics and Agribusiness Centres
RPCD.PLFS.BC.No. 18 /05.02.02/2001-02 August 31, 2001The Chairman/Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(excluding RRBs)Dear SirPriority Sector Lending Scheme forfinancing Agriclinics and Agribusiness CentresIt has been decided that finance granted under the Scheme of financing ‘Agriclinics’ and ‘Agribusiness Centres’ communicated in terms of NABARD Circular No.DPD.FS/12/2001-02 dated 23 July, 2001 will qualify for inclusion under "Ind
RPCD.PLFS.BC.No. 18 /05.02.02/2001-02 August 31, 2001The Chairman/Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(excluding RRBs)Dear SirPriority Sector Lending Scheme forfinancing Agriclinics and Agribusiness CentresIt has been decided that finance granted under the Scheme of financing ‘Agriclinics’ and ‘Agribusiness Centres’ communicated in terms of NABARD Circular No.DPD.FS/12/2001-02 dated 23 July, 2001 will qualify for inclusion under "Ind
Aug 30, 2001
Credit extended to Diamond Exporters
Embargo on import of conflict diamonds - Liberia
Embargo on import of conflict diamonds - Liberia
Ref.IECD.No.3 /04.02.02/2001-2002 August 30, 2001The Chairmen/Chief Executives of all commercial banksDear Sir,Credit extended to Diamond ExportersEmbargo on import of conflict diamonds –Liberia-------------------------------------------------------- Please refer to our circular IECD No.7/04.02.02/2000-2001 dated December 5, 2000 on the above subject. UN Security Council Resolution No.1343(2001) has further imposed ban on the direct or indirect import of all rough dia
Ref.IECD.No.3 /04.02.02/2001-2002 August 30, 2001The Chairmen/Chief Executives of all commercial banksDear Sir,Credit extended to Diamond ExportersEmbargo on import of conflict diamonds –Liberia-------------------------------------------------------- Please refer to our circular IECD No.7/04.02.02/2000-2001 dated December 5, 2000 on the above subject. UN Security Council Resolution No.1343(2001) has further imposed ban on the direct or indirect import of all rough dia
Aug 29, 2001
Priority sector lending -
Loans to food and agro-based processing sector
Loans to food and agro-based processing sector
RPCD. Plan. BC. 16 / 04.09.01/ 2001-0229 August 2001The Chairman/ Managing Director / Chief Executive Officer [All scheduled commercial banks] Dear Sir, Priority sector lending – Loans to food and agro-based processing sectorPlease refer to our circular letter No. RPCD. Plan. BC. 60/ 04.09.01/ 98-99 dated 28 January 1999 advising that loans to food and agro-based processing sector would be included under priority sector advances. We have now been advised by Government
RPCD. Plan. BC. 16 / 04.09.01/ 2001-0229 August 2001The Chairman/ Managing Director / Chief Executive Officer [All scheduled commercial banks] Dear Sir, Priority sector lending – Loans to food and agro-based processing sectorPlease refer to our circular letter No. RPCD. Plan. BC. 60/ 04.09.01/ 98-99 dated 28 January 1999 advising that loans to food and agro-based processing sector would be included under priority sector advances. We have now been advised by Government
Aug 29, 2001
Asset Liability Management (ALM) System - amendments to ALM Guidelines
Ref.DBS.FID No. C.5 /01.02.00/ 2001-02 August 29, 2001To The CEOs of the All-India term Lending and Refinancing InstitutionsDear Sir,Asset Liability Management (ALM) System – amendments to ALM GuidelinesPlease refer to our Circular DBS.FID. No.C-11/01.02.00/1999-2000 dated 31 December 1999 prescribing the Guidelines for ALM System in the FIs. The Guidelines have been in operation for more than a year now and in the process of operationalising the Guidelines, certain i
Ref.DBS.FID No. C.5 /01.02.00/ 2001-02 August 29, 2001To The CEOs of the All-India term Lending and Refinancing InstitutionsDear Sir,Asset Liability Management (ALM) System – amendments to ALM GuidelinesPlease refer to our Circular DBS.FID. No.C-11/01.02.00/1999-2000 dated 31 December 1999 prescribing the Guidelines for ALM System in the FIs. The Guidelines have been in operation for more than a year now and in the process of operationalising the Guidelines, certain i
Aug 28, 2001
Holding of Instruments in Dematerialised Form
Ref DBS. FID No. C-4 /01.02.00/2001-02August 28, 2001To,The CEOs of All India Term Lending & Refinancing Institutions. Dear Sir,Holding of Instruments in Dematerialised FormIn terms of the circular IECD No 15/08.15.01/2000-01 dated April 30, 2001 (copy enclosed), the FIs were directed to make fresh investments and hold Commercial Paper (CP) only in dematerialised form with effect from June 30, 2001, since the existing arrangements for dematerislised holding of CP
Ref DBS. FID No. C-4 /01.02.00/2001-02August 28, 2001To,The CEOs of All India Term Lending & Refinancing Institutions. Dear Sir,Holding of Instruments in Dematerialised FormIn terms of the circular IECD No 15/08.15.01/2000-01 dated April 30, 2001 (copy enclosed), the FIs were directed to make fresh investments and hold Commercial Paper (CP) only in dematerialised form with effect from June 30, 2001, since the existing arrangements for dematerislised holding of CP
Aug 27, 2001
Counter-Trade Arrangements with Romania
A.P.(DIR.Series) Circular No. 4 (August 27, 2001)
A.P.(DIR.Series) Circular No. 4 (August 27, 2001)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P.(DIR.Series) Circular No. 4August 27, 2001ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Counter-Trade Arrangements with RomaniaAttention of authorised dealers is invited to item C of Regulation 14 of the Reserve Bank Notification No. FEMA. 23/2000-RB dated May 3, 2000, stipulating that prior approval of the Reserve Bank is required for any arrangement involving adjustment of valu
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P.(DIR.Series) Circular No. 4August 27, 2001ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Counter-Trade Arrangements with RomaniaAttention of authorised dealers is invited to item C of Regulation 14 of the Reserve Bank Notification No. FEMA. 23/2000-RB dated May 3, 2000, stipulating that prior approval of the Reserve Bank is required for any arrangement involving adjustment of valu
Aug 27, 2001
Export of Goods and Services
A.P.(DIR Series) Circular No.5 (August 27, 2001)
A.P.(DIR Series) Circular No.5 (August 27, 2001)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.5August 27, 2001To All Authorised Dealers in Foreign ExchangeDear Sirs,Export of Goods and ServicesAttention of all authorised dealers is invited to the second proviso to Regulation 9 of the Reserve Bank Notification No. FEMA 23/2000-RB dated May 3, 2000, empowering Reserve Bank to extend the period of six months within which the amount representing full export va
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P. (DIR Series) Circular No.5August 27, 2001To All Authorised Dealers in Foreign ExchangeDear Sirs,Export of Goods and ServicesAttention of all authorised dealers is invited to the second proviso to Regulation 9 of the Reserve Bank Notification No. FEMA 23/2000-RB dated May 3, 2000, empowering Reserve Bank to extend the period of six months within which the amount representing full export va
Aug 27, 2001
Credit exposure norms - applicability to refinancing institutions
Ref.DBS.FID.No.C-3 /01.02.00 / 2001-02 August 27 , 2001 To the CEOs of the all-India Refinancing Institutions (NABARD, NHB and SIDBI) Dear Sir, Credit exposure norms – applicability to refinancing institutions Please refer to our Circular DOS.FID.No.17 / 01.02.00/96-97 dated 28 June 1997 relating to credit exposure norms for individual and group borrowers. 2. It has been observed from some of the references received by us that there is a lack of clarity regarding the
Ref.DBS.FID.No.C-3 /01.02.00 / 2001-02 August 27 , 2001 To the CEOs of the all-India Refinancing Institutions (NABARD, NHB and SIDBI) Dear Sir, Credit exposure norms – applicability to refinancing institutions Please refer to our Circular DOS.FID.No.17 / 01.02.00/96-97 dated 28 June 1997 relating to credit exposure norms for individual and group borrowers. 2. It has been observed from some of the references received by us that there is a lack of clarity regarding the
Aug 25, 2001
Corporate Debt Restructuring (CDR)
Ref.DBS.FID No. C-2 /01.11.00/ 2001-02August 25, 2001ToThe CEOs of the All-India Term Lending and Refinancing InstitutionsDear Sir,Corporate Debt Restructuring (CDR)We forward herewith a copy of the circular DBOD.BP.BC.15 /21.04.114/2000-01 dated 23 August 2001 on the captioned subject, alongwith its enclosure detailing the CDR System for implementation. 2. It would be observed therefrom that a three-tier structure of the CDR System, which is a noon-statutory, volunta
Ref.DBS.FID No. C-2 /01.11.00/ 2001-02August 25, 2001ToThe CEOs of the All-India Term Lending and Refinancing InstitutionsDear Sir,Corporate Debt Restructuring (CDR)We forward herewith a copy of the circular DBOD.BP.BC.15 /21.04.114/2000-01 dated 23 August 2001 on the captioned subject, alongwith its enclosure detailing the CDR System for implementation. 2. It would be observed therefrom that a three-tier structure of the CDR System, which is a noon-statutory, volunta
Aug 24, 2001
Reconcilation of Nostro Accounts-
Old Outstanding Credit Entries.
Old Outstanding Credit Entries.
DBOD No.BP.BC. 16 /21.04.018/2001-02 August 24, 2001.ToAll Commercial Banks(Excluding RRBs & LABs)Dear Sir,Reconcilation of Nostro Accounts-Old Outstanding Credit Entries. Please refer to our circular DBOD.No. BP. BC. 67/ 21.04.018/99 dated 1 July, 1999, in terms of which banks were required to net off the credit /debit entries in each of their nostro accounts pertaining to the period up to 31 March 1996 which were remaining unreconciled as on 31 March 2000, again
DBOD No.BP.BC. 16 /21.04.018/2001-02 August 24, 2001.ToAll Commercial Banks(Excluding RRBs & LABs)Dear Sir,Reconcilation of Nostro Accounts-Old Outstanding Credit Entries. Please refer to our circular DBOD.No. BP. BC. 67/ 21.04.018/99 dated 1 July, 1999, in terms of which banks were required to net off the credit /debit entries in each of their nostro accounts pertaining to the period up to 31 March 1996 which were remaining unreconciled as on 31 March 2000, again
Aug 24, 2001
Inter-branch Accounts -
Provisioning for Net Debit Balance
Provisioning for Net Debit Balance
DBOD No.BP.BC. 17 /21.04.018/2001-02August 24, 2001All Scheduled Commercial Banks(excluding RRBs & LABs)Dear Sir,Inter-branch Accounts –Provisioning for Net Debit Balance Please refer to our circular DBOD No.BP.BC.22 /21.04.018/99 dated March 24,1999 wherein banks were advised that from the year ended March 31, 1999 they should make 100 per cent provision for the net debit position in their Inter-branch Accounts, arising out of the unreconciled entries ( both debi
DBOD No.BP.BC. 17 /21.04.018/2001-02August 24, 2001All Scheduled Commercial Banks(excluding RRBs & LABs)Dear Sir,Inter-branch Accounts –Provisioning for Net Debit Balance Please refer to our circular DBOD No.BP.BC.22 /21.04.018/99 dated March 24,1999 wherein banks were advised that from the year ended March 31, 1999 they should make 100 per cent provision for the net debit position in their Inter-branch Accounts, arising out of the unreconciled entries ( both debi
Aug 23, 2001
Corporate Debt Restructuring (CDR)
BP.BC. 15 /21.04.114/2000-01August 23, 2001All commercial banks(excluding RRBs & LABs)Dear Sir,Corporate Debt Restructuring (CDR) As you are aware, the need for evolving an appropriate mechanism for corporate debt restructuring in the country, on the lines of similar mechanism prevalent in countries like the U.K., Thailand, Korea, Malaysia, etc. was engaging the attention of the Government of India, Reserve Bank of India, banks and financial institutions. Based on
BP.BC. 15 /21.04.114/2000-01August 23, 2001All commercial banks(excluding RRBs & LABs)Dear Sir,Corporate Debt Restructuring (CDR) As you are aware, the need for evolving an appropriate mechanism for corporate debt restructuring in the country, on the lines of similar mechanism prevalent in countries like the U.K., Thailand, Korea, Malaysia, etc. was engaging the attention of the Government of India, Reserve Bank of India, banks and financial institutions. Based on
Aug 20, 2001
Move towards Risk Based Supervision (RBS) of Banks -
Discussion Paper
Discussion Paper
Bulletin Board 13th August 2001 DBS.CO/ RBS/58/36.01.002/2001-02 All Scheduled Commercial Banks (Except Regional Rural Banks) Dear Sirs, Move towards Risk Based Supervision (RBS) of Banks - discussion paper Please refer to paragraph 76 of our Governor's statement on 'Monetary and Credit Policy for the year 2000-2001' wherein it has been stated that the Reserve Bank would be developing an overall plan for moving towards Risk-based Supe
Bulletin Board 13th August 2001 DBS.CO/ RBS/58/36.01.002/2001-02 All Scheduled Commercial Banks (Except Regional Rural Banks) Dear Sirs, Move towards Risk Based Supervision (RBS) of Banks - discussion paper Please refer to paragraph 76 of our Governor's statement on 'Monetary and Credit Policy for the year 2000-2001' wherein it has been stated that the Reserve Bank would be developing an overall plan for moving towards Risk-based Supe
Aug 17, 2001
Priority Sector Lending-Special Programmes
RPCD.NO.SP.BC. 14 /09.01.01/2001-0217 August 2001All Commercial BanksDear Sir,Master CircularPriority Sector Lending-Special ProgrammesReserve Bank of India has, periodically, issued instructions/directives to banks with regard to operationalisation of the Swarnjayanti Gram Swarozgar Yojana (SGSY) scheme. To enable banks to have current instructions at one place, a Master Circular incorporating all the existing guidelines/instructions/directives on the scheme has been
RPCD.NO.SP.BC. 14 /09.01.01/2001-0217 August 2001All Commercial BanksDear Sir,Master CircularPriority Sector Lending-Special ProgrammesReserve Bank of India has, periodically, issued instructions/directives to banks with regard to operationalisation of the Swarnjayanti Gram Swarozgar Yojana (SGSY) scheme. To enable banks to have current instructions at one place, a Master Circular incorporating all the existing guidelines/instructions/directives on the scheme has been
Aug 13, 2001
Exposure Norms
DBOD No. Dir. BC. 12/13.03.00/2001-02August 13, 2001Shravana 22, ,1923(S)Chief Executives of all Scheduled Commercial Banks Dear Sir,@@NBSP@@Master Circular-Exposure NormsAs you are aware, the Reserve Bank of India has, from time to time, issued a number of circulars containing instructions to banks on matters relating to credit exposure, extent of investments in shares, debentures, bonds and debt instruments of corporate bodies, Public Sector Undertakings (PSU), Fina
DBOD No. Dir. BC. 12/13.03.00/2001-02August 13, 2001Shravana 22, ,1923(S)Chief Executives of all Scheduled Commercial Banks Dear Sir,@@NBSP@@Master Circular-Exposure NormsAs you are aware, the Reserve Bank of India has, from time to time, issued a number of circulars containing instructions to banks on matters relating to credit exposure, extent of investments in shares, debentures, bonds and debt instruments of corporate bodies, Public Sector Undertakings (PSU), Fina
Aug 13, 2001
Exposure Norms
Contents1.General2. Credit exposures to individual/group borrowers3. Credit exposure to industry or certain sectors4. Exposure to unsecured guarantees and unsecured advances5. Exposure norms for investmentsAnnexure 1Annexure 2Annexure 3Appendix1. General1.1 As a prudential measure aimed at better risk management and avoidance of concentration of credit risks, the Reserve Bank of India has advised the banks to fix limits on their exposure -- to individual borrowers and
Contents1.General2. Credit exposures to individual/group borrowers3. Credit exposure to industry or certain sectors4. Exposure to unsecured guarantees and unsecured advances5. Exposure norms for investmentsAnnexure 1Annexure 2Annexure 3Appendix1. General1.1 As a prudential measure aimed at better risk management and avoidance of concentration of credit risks, the Reserve Bank of India has advised the banks to fix limits on their exposure -- to individual borrowers and
Aug 13, 2001
Credit facilities to Minority Communities - Evaluation Study
Ref. RPCD No.SP.BC. 13 /09.10.01/2001-02 August 13, 2001All Indian Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Credit facilities to Minority Communities - Evaluation StudyIn pursuance of the recommendations of the National Commission for Minorities to have a wider assessment of the economic problems of minorities, we conducted a quick study through our Regional Offices, with a view to assessing the progress made by banks in granting loans to minority communitie
Ref. RPCD No.SP.BC. 13 /09.10.01/2001-02 August 13, 2001All Indian Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Credit facilities to Minority Communities - Evaluation StudyIn pursuance of the recommendations of the National Commission for Minorities to have a wider assessment of the economic problems of minorities, we conducted a quick study through our Regional Offices, with a view to assessing the progress made by banks in granting loans to minority communitie
Aug 13, 2001
Charging of penal interest by banks on priority sector loans
RPCD. Plan. BC. 15 / 04.09.01/ 2001-0217 August 2001The Chairman/ Managing Director /Chief Executive Officer[All scheduled commercial banks](Excluding RRBs)Dear Sir, Charging of penal interest by banks on priority sector loansPlease refer to our circular letter RPCD. No. Plan. BC. 10/ PL-09.01/ 89-90 dated 27 July 1989 and Paragraph No. IV.7 of the Master Circular on Lending to Priority Sector regarding guidelines on charging of penal interest by banks in respect of p
RPCD. Plan. BC. 15 / 04.09.01/ 2001-0217 August 2001The Chairman/ Managing Director /Chief Executive Officer[All scheduled commercial banks](Excluding RRBs)Dear Sir, Charging of penal interest by banks on priority sector loansPlease refer to our circular letter RPCD. No. Plan. BC. 10/ PL-09.01/ 89-90 dated 27 July 1989 and Paragraph No. IV.7 of the Master Circular on Lending to Priority Sector regarding guidelines on charging of penal interest by banks in respect of p
Aug 11, 2001
Deposits held in FCNR(B) Accounts
RESERVE BANK OF INDIACENTRAL OFFICEDEPARTMENT OF BANKING OPERATIONS & DEVELOPMENTCENTRE - 1, WORLD TRADE CENTRECUFFE PARADE, COLABA, MUMBAI - 400 005DBOD No. Dir.10/13.03.00/2001-02 August 11, 2001 Shravana 20, 1923 (S) All Commercial Banks Dear Sirs, Deposits held in FCNR(B) Accounts Please refer to our Directive DBOD No. Dir BC. 48/13.03.00/2000-01 dated November 4, 2000, as amended from time to time. A revised Directive DBOD No. Dir BC. 09/13.03.00/2001-02 date
RESERVE BANK OF INDIACENTRAL OFFICEDEPARTMENT OF BANKING OPERATIONS & DEVELOPMENTCENTRE - 1, WORLD TRADE CENTRECUFFE PARADE, COLABA, MUMBAI - 400 005DBOD No. Dir.10/13.03.00/2001-02 August 11, 2001 Shravana 20, 1923 (S) All Commercial Banks Dear Sirs, Deposits held in FCNR(B) Accounts Please refer to our Directive DBOD No. Dir BC. 48/13.03.00/2000-01 dated November 4, 2000, as amended from time to time. A revised Directive DBOD No. Dir BC. 09/13.03.00/2001-02 date
Aug 11, 2001
Interest Rates on Rupee Deposits held
in Domestic, Ordinary Non-Resident (NRO), Non-Resident
Special Rupee (NRSR) and Non-Resident (External) (NRE) Accounts
in Domestic, Ordinary Non-Resident (NRO), Non-Resident
Special Rupee (NRSR) and Non-Resident (External) (NRE) Accounts
RESERVE BANK OF INDIACENTRAL OFFICEDEPARTMENT OF BANKING OPERATIONS & DEVELOPMENTCENTRE - 1, WORLD TRADE CENTRECUFFE PARADE, COLABA, MUMBAI - 400 005DBOD No. Dir BC. 08/13.03.00/2001-02 August 11, 2001 Shravana 20, 1923(Saka) @@NBSP@@ All Commercial Banks (Including Regional Rural Banks and Local Area Banks) Dear Sirs, Interest Rates on Rupee Deposits Please refer to our Directive DBOD No. Dir BC. 46/13.03.00/2000-2001 dated November 4, 2000, as amended from time
RESERVE BANK OF INDIACENTRAL OFFICEDEPARTMENT OF BANKING OPERATIONS & DEVELOPMENTCENTRE - 1, WORLD TRADE CENTRECUFFE PARADE, COLABA, MUMBAI - 400 005DBOD No. Dir BC. 08/13.03.00/2001-02 August 11, 2001 Shravana 20, 1923(Saka) @@NBSP@@ All Commercial Banks (Including Regional Rural Banks and Local Area Banks) Dear Sirs, Interest Rates on Rupee Deposits Please refer to our Directive DBOD No. Dir BC. 46/13.03.00/2000-2001 dated November 4, 2000, as amended from time
Aug 07, 2001
Capital Adequacy Standards - risk Weight on Staff Loans and Advances
Ref.DBS.FID No. C-1/01.02.00/ 2000-017 August 2001ToThe CEOs of the All-India Term Lending and Refinancing InstitutionsDear Sir,Capital Adequacy Standards – risk Weight on Staff Loans and AdvancesPlease refer to para II(A)(v)(e) of Annexure I to our Circular FIC.No.842/01.02.00/93-94 dated 29 March 1994 addressed too the all-India term lending institutions and the para II(A)(v)(e) of Annexure I to our Circular FIC.No.641/01.10.00/95-96 dated 7 March 1996 addressed to
Ref.DBS.FID No. C-1/01.02.00/ 2000-017 August 2001ToThe CEOs of the All-India Term Lending and Refinancing InstitutionsDear Sir,Capital Adequacy Standards – risk Weight on Staff Loans and AdvancesPlease refer to para II(A)(v)(e) of Annexure I to our Circular FIC.No.842/01.02.00/93-94 dated 29 March 1994 addressed too the all-India term lending institutions and the para II(A)(v)(e) of Annexure I to our Circular FIC.No.641/01.10.00/95-96 dated 7 March 1996 addressed to
Aug 07, 2001
Section 42(2) of the Reserve Bank of India Act, 1934 -
Reporting of Inter-bank liabilities in Form A
Reporting of Inter-bank liabilities in Form A
DBOD No. BC 5 /12.01.001/2001-02August 07, 2001Shravana 16,1923 (S)To All Scheduled Commercial Banks (Excluding Regional Rural Banks)Dear Sir,Section 42(2) of the Reserve Bank of India Act, 1934 -Reporting of Inter-bank liabilities in Form APlease refer to paragraph 2 ( c ) of our circular DBOD BC 103/12.01.001/2000-01 dated April 19, 2001 in terms of which all Scheduled Commercial Banks( excluding Regional Rural Banks )have been exempted from the prescription of mini
DBOD No. BC 5 /12.01.001/2001-02August 07, 2001Shravana 16,1923 (S)To All Scheduled Commercial Banks (Excluding Regional Rural Banks)Dear Sir,Section 42(2) of the Reserve Bank of India Act, 1934 -Reporting of Inter-bank liabilities in Form APlease refer to paragraph 2 ( c ) of our circular DBOD BC 103/12.01.001/2000-01 dated April 19, 2001 in terms of which all Scheduled Commercial Banks( excluding Regional Rural Banks )have been exempted from the prescription of mini
Aug 06, 2001
Auction of Government of India Dated Securities
Ref.No.IDMC.660 /08.02.29.01/2001-02August 6, 2001All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary & Satellite Dealers.Dear Sirs,Auction of Government of India Dated Securities Government of India have offered to sell (re-issue), vide Notification no.4(7)-W&M/2001 dated August 6, 2001, the dated security '9.81% Government Stock, 2013' for a notifi
Ref.No.IDMC.660 /08.02.29.01/2001-02August 6, 2001All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary & Satellite Dealers.Dear Sirs,Auction of Government of India Dated Securities Government of India have offered to sell (re-issue), vide Notification no.4(7)-W&M/2001 dated August 6, 2001, the dated security '9.81% Government Stock, 2013' for a notifi
Aug 03, 2001
Creation and Enforcement of Security Interest by
Banks and Financial Institutions Bill, 2001
Banks and Financial Institutions Bill, 2001
A Bill to codify and consolidate law and practice relating to creation of security interest, and enforcement thereof by banks and financial institutions without intervention of Court and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Fifty Second Year of the Republic of India as follows:CHAPTER I1. Short title, extent and commencement : (1) This may be called the Creation and Enforcement of Security Interest by Banks and Fina
A Bill to codify and consolidate law and practice relating to creation of security interest, and enforcement thereof by banks and financial institutions without intervention of Court and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Fifty Second Year of the Republic of India as follows:CHAPTER I1. Short title, extent and commencement : (1) This may be called the Creation and Enforcement of Security Interest by Banks and Fina
Aug 02, 2001
Credit exposure norms - applicability to refinancing institutions
Ref.DBS.FID.No.C-3 /01.02.00 / 2001-02August 2, 2001To the CEOs of the all-India Refinancing Institutions (NABARD, NHB and SIDBI)Dear Sir,Credit exposure norms – applicability to refinancing institutionsPlease refer to our Circular DOS.FID.No.17 / 01.02.00/96-97 dated 28 June 1997 relating to credit exposure norms for individual and group borrowers. 2. It has been observed from some of the references received by us that there is a lack of clarity regarding the applica
Ref.DBS.FID.No.C-3 /01.02.00 / 2001-02August 2, 2001To the CEOs of the all-India Refinancing Institutions (NABARD, NHB and SIDBI)Dear Sir,Credit exposure norms – applicability to refinancing institutionsPlease refer to our Circular DOS.FID.No.17 / 01.02.00/96-97 dated 28 June 1997 relating to credit exposure norms for individual and group borrowers. 2. It has been observed from some of the references received by us that there is a lack of clarity regarding the applica
Aug 02, 2001
Bid Document - Supply, Installation and Operationalisation of Computer Systems
Reserve Bank of IndiaDepartment of External Investments and OperationsMumbaiSealed bids in duplicate are invited for supply, installation and Operationalisation of premium brand Unix HP(HP-UX) or Sun(Sun OS) database servers and Windows 2000 file servers from Original Equipment Manufacturers (OEMs), their authorized resellers, channel partners or system integrators for Department of External Investments and Operations (DEIO), Reserve Bank of India, 22nd Floor, Central
Reserve Bank of IndiaDepartment of External Investments and OperationsMumbaiSealed bids in duplicate are invited for supply, installation and Operationalisation of premium brand Unix HP(HP-UX) or Sun(Sun OS) database servers and Windows 2000 file servers from Original Equipment Manufacturers (OEMs), their authorized resellers, channel partners or system integrators for Department of External Investments and Operations (DEIO), Reserve Bank of India, 22nd Floor, Central
Aug 01, 2001
Lending to Priority Sector
Section 1: Classification of Priority Sector Advances Section 2: Certain Types of Funds Deployment Eligible as Priority Sector Advances Section 3: Targets for Priority Sector Lending by Scheduled Commercial Banks (Excluding RRBS) Section 4: Common Guidelines for Priority Sector Advances Annexures Appendix RPCD. No. Plan. BC. 12 / 04.09.01/ 2001-2002 01 August 2001 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Master Circular LENDING TO PRIORITY SECTOR As y
Section 1: Classification of Priority Sector Advances Section 2: Certain Types of Funds Deployment Eligible as Priority Sector Advances Section 3: Targets for Priority Sector Lending by Scheduled Commercial Banks (Excluding RRBS) Section 4: Common Guidelines for Priority Sector Advances Annexures Appendix RPCD. No. Plan. BC. 12 / 04.09.01/ 2001-2002 01 August 2001 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Master Circular LENDING TO PRIORITY SECTOR As y
Jul 30, 2001
Indo-Mauritius Credit Agreement dated
May 4, 2001, for US$ 100 million
A.P.(DIR Series) Circular No.3 (July 30, 2001)
May 4, 2001, for US$ 100 million
A.P.(DIR Series) Circular No.3 (July 30, 2001)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001@@NBSP@@A.P.(DIR Series) Circular No.3 July 30, 2001ToAll Authorised Dealers in Foreign Exchange Dear SirsIndo-Mauritius Credit Agreement datedMay 4, 2001, for US$ 100 millionThe Government of India have extended a line of credit of an amount of US$ 100 million (U.S. Dollar one hundred million only) to the Government of the Republic of Mauritius under a credit agreement entered into between
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001@@NBSP@@A.P.(DIR Series) Circular No.3 July 30, 2001ToAll Authorised Dealers in Foreign Exchange Dear SirsIndo-Mauritius Credit Agreement datedMay 4, 2001, for US$ 100 millionThe Government of India have extended a line of credit of an amount of US$ 100 million (U.S. Dollar one hundred million only) to the Government of the Republic of Mauritius under a credit agreement entered into between
Jul 27, 2001
Remittance for participation in lottery etc. schemes
A.P.(DIR Series) Circular No.2 (July 27, 2001)
A.P.(DIR Series) Circular No.2 (July 27, 2001)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.2July 27, 2001To All Authorised Dealers in Foreign ExchangeDear SirsRemittance for participation in lottery etc. schemes It has come to the notice of the Reserve Bank that certain overseas organisations have been advising individuals in India that they have won prizes in lotteries etc. and that they should arrange to remit some amount in US Dollars, as fees. 2.Atte
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.2July 27, 2001To All Authorised Dealers in Foreign ExchangeDear SirsRemittance for participation in lottery etc. schemes It has come to the notice of the Reserve Bank that certain overseas organisations have been advising individuals in India that they have won prizes in lotteries etc. and that they should arrange to remit some amount in US Dollars, as fees. 2.Atte
Jul 23, 2001
Guidelines for Issue of Commercial Paper
Ref.No.IECD.2 /08.15.01/2001-02July 23, 2001The Chairmen/Chief Executives ofAll Scheduled Banks, Primary Dealers,Satellite Dealers and All-India Financial InstitutionsDear Sirs,Guidelines for Issue of Commercial PaperAs you are aware, following issuance of revised guidelines for issue of commercial paper (CP) by Reserve Bank of India, vide Notification No. IECD/1/08.15.01/2000-01 dated October 10, 2000, Fixed Income Money Market and Derivatives Association of India (F
Ref.No.IECD.2 /08.15.01/2001-02July 23, 2001The Chairmen/Chief Executives ofAll Scheduled Banks, Primary Dealers,Satellite Dealers and All-India Financial InstitutionsDear Sirs,Guidelines for Issue of Commercial PaperAs you are aware, following issuance of revised guidelines for issue of commercial paper (CP) by Reserve Bank of India, vide Notification No. IECD/1/08.15.01/2000-01 dated October 10, 2000, Fixed Income Money Market and Derivatives Association of India (F
Jul 23, 2001
Implementation of Differential Rate of Interest (DRI ) Scheme
23 July 2001RPCD.No. SP.BC. 10/09.07.01/2001-02The Chairman/ Managing DirectorAll Schedued Commercial Banks(Excluding RRBs)Dear Sir,Implementation of Differential Rate of Interest (DRI ) SchemePlease refer to our circulars RPCD Nos. SP.BC.82/09.07.01/95-96, SP.BC.17/09.07.01/97-98 and RPCD SP.BC. 36/09.07.01/ 98-99 dated 7 February 1996, 5 August 1997 and 13 November 1998 respectively on the captioned subject.2. It is observed that the level of advances granted under
23 July 2001RPCD.No. SP.BC. 10/09.07.01/2001-02The Chairman/ Managing DirectorAll Schedued Commercial Banks(Excluding RRBs)Dear Sir,Implementation of Differential Rate of Interest (DRI ) SchemePlease refer to our circulars RPCD Nos. SP.BC.82/09.07.01/95-96, SP.BC.17/09.07.01/97-98 and RPCD SP.BC. 36/09.07.01/ 98-99 dated 7 February 1996, 5 August 1997 and 13 November 1998 respectively on the captioned subject.2. It is observed that the level of advances granted under
Jul 18, 2001
Housing Finance Allocation for the year 2001-2002
IECD.No.1/03.27.25/2001-02July 18, 2001The Chairmen/Chief Executives of all Commercial BanksDear Sir,Housing Finance Allocation for the year 2001-2002 Please refer to our circular IECD.No.(HF) 2/03.27.25/2000-2001 dated August 7,2001 regarding housing finance allocation for the year 2000-2001. It has been decided that for the current financial year i.e. April 2001 to March 2002, each bank should continue to compute its share of the housing finance allocation at 3 per
IECD.No.1/03.27.25/2001-02July 18, 2001The Chairmen/Chief Executives of all Commercial BanksDear Sir,Housing Finance Allocation for the year 2001-2002 Please refer to our circular IECD.No.(HF) 2/03.27.25/2000-2001 dated August 7,2001 regarding housing finance allocation for the year 2000-2001. It has been decided that for the current financial year i.e. April 2001 to March 2002, each bank should continue to compute its share of the housing finance allocation at 3 per
Jul 14, 2001
Exim Bank’s Line of Credit of US$ 5 million to
Banque Internationale Arabe de Tunisie (BIAT)
A.P.(DIR Series) Circular No.1
Banque Internationale Arabe de Tunisie (BIAT)
A.P.(DIR Series) Circular No.1
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001July 14, 2001A.P.(DIR Series) Circular No.1[last circular for the year 2000-01 isA.P.(DIR Series) Circular No.36]ToAll Authorised Dealers in Foreign ExchangeDear SirsExim Bank’s Line of Credit of US$ 5 million toBanque Internationale Arabe de Tunisie (BIAT)Export Import Bank of India (Exim Bank) has concluded an agreement with the Banque Internationale Arabe de Tunisie (BIAT) on October 21, 20
Reserve Bank of IndiaExchange Control DepartmentCentral OfficeMumbai 400 001July 14, 2001A.P.(DIR Series) Circular No.1[last circular for the year 2000-01 isA.P.(DIR Series) Circular No.36]ToAll Authorised Dealers in Foreign ExchangeDear SirsExim Bank’s Line of Credit of US$ 5 million toBanque Internationale Arabe de Tunisie (BIAT)Export Import Bank of India (Exim Bank) has concluded an agreement with the Banque Internationale Arabe de Tunisie (BIAT) on October 21, 20
Jul 05, 2001
Liquidity Support to Primary Dealers
IDMC.PDRS.No. 87 /03.64.00/2001-02 05 July 2001 All Primary Dealers Dear Sir, Liquidity Support to Primary Dealers Please refer to paragraph 2 of our circular IDMC.No.4135/03.64.00/2000-01 dated April 19, 2001 on 'Scheme for Liquidity Support to Primary Dealers'. Clause (a) of paragraph 2 of the said circular states that Level-1 Liquidity Support has been split into normal facility and backstop facility. While the normal facility is available at Bank Rate (BR), backst
IDMC.PDRS.No. 87 /03.64.00/2001-02 05 July 2001 All Primary Dealers Dear Sir, Liquidity Support to Primary Dealers Please refer to paragraph 2 of our circular IDMC.No.4135/03.64.00/2000-01 dated April 19, 2001 on 'Scheme for Liquidity Support to Primary Dealers'. Clause (a) of paragraph 2 of the said circular states that Level-1 Liquidity Support has been split into normal facility and backstop facility. While the normal facility is available at Bank Rate (BR), backst
Jul 02, 2001
Kisan Credit Card Scheme- Master Policy on
Personal Accident Insurance Scheme for KCC holders
Personal Accident Insurance Scheme for KCC holders
RPCD.PLFS.BC.NO./ 1 / 05.05.09 / 2000-200102 July 2001The Chairman & Managing Director / CEOAll Scheduled Commercial Banks(excluding RRBs)Dear Sir,Kisan Credit Card Scheme- Master Policy on Personal Accident Insurance Scheme for KCC holders Please refer to para. 4 of our circular RPCD.PLFS.BC.NO./ 63 / 05.05.09 / 2000-01 dated 3 March 2001 advising banks to provide insurance package to all KCC holders.2. NABARD has, in consultation with the representatives of insu
RPCD.PLFS.BC.NO./ 1 / 05.05.09 / 2000-200102 July 2001The Chairman & Managing Director / CEOAll Scheduled Commercial Banks(excluding RRBs)Dear Sir,Kisan Credit Card Scheme- Master Policy on Personal Accident Insurance Scheme for KCC holders Please refer to para. 4 of our circular RPCD.PLFS.BC.NO./ 63 / 05.05.09 / 2000-01 dated 3 March 2001 advising banks to provide insurance package to all KCC holders.2. NABARD has, in consultation with the representatives of insu
Jul 01, 2001
Lending to Non-Banking Financial Companies (NBFCs)
This Master Circular has been updated till July 1, 20011. GENERAL1.1 Reserve Bank of India has been regulating the financial activities of the Non-Banking Financial Companies under the provisions of Chapter III B of the Reserve Bank of India Act, 1934.1.2 With the amendment of the Reserve Bank of India Act, 1934 in January 1997, in terms of Section 45 IA of the said Act, all Non-Banking Financial Companies have to be mandatorily registered with the Reserve Bank of Ind
This Master Circular has been updated till July 1, 20011. GENERAL1.1 Reserve Bank of India has been regulating the financial activities of the Non-Banking Financial Companies under the provisions of Chapter III B of the Reserve Bank of India Act, 1934.1.2 With the amendment of the Reserve Bank of India Act, 1934 in January 1997, in terms of Section 45 IA of the said Act, all Non-Banking Financial Companies have to be mandatorily registered with the Reserve Bank of Ind
Jun 28, 2001
Indo-Sri Lanka Credit Agreement dated
January 29, 2001, for US$ 100 million
A.P.(DIR.Series) Circular No.36 (June 28, 2001)
January 29, 2001, for US$ 100 million
A.P.(DIR.Series) Circular No.36 (June 28, 2001)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P.(DIR.Series) Circular No.36June 28, 2001ToAll Authorised Dealers in Foreign Exchange Dear SirsIndo-Sri Lanka Credit Agreement datedJanuary 29, 2001, for US$ 100 millionThe Government of India have extended a line of credit of US$100 million (U.S.Dollar One hundred million only) to the Government of the Republic of Sri Lanka under a credit agreement entered into between the two Government
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.P.(DIR.Series) Circular No.36June 28, 2001ToAll Authorised Dealers in Foreign Exchange Dear SirsIndo-Sri Lanka Credit Agreement datedJanuary 29, 2001, for US$ 100 millionThe Government of India have extended a line of credit of US$100 million (U.S.Dollar One hundred million only) to the Government of the Republic of Sri Lanka under a credit agreement entered into between the two Government
Jun 27, 2001
Asset Liability Management (ALM) System for NBFCs - Guidelines
Ref. DNBS (PD).CC.No.15 /02.01 / 2000-2001June 27, 2001All NBFCs(Including the residuary non-banking companies)Dear Sir,Asset Liability Management (ALM) System for NBFCs - GuidelinesAs you are aware, the guidelines for introduction of ALM system by banks and all India financial institutions have already been issued by Reserve Bank of India and the system has become operational. Since the operations of financial companies also give rise to Asset Liability mismatches an
Ref. DNBS (PD).CC.No.15 /02.01 / 2000-2001June 27, 2001All NBFCs(Including the residuary non-banking companies)Dear Sir,Asset Liability Management (ALM) System for NBFCs - GuidelinesAs you are aware, the guidelines for introduction of ALM system by banks and all India financial institutions have already been issued by Reserve Bank of India and the system has become operational. Since the operations of financial companies also give rise to Asset Liability mismatches an
Jun 27, 2001
Amendments to NBFC Regulations
Ref.DNBS.(PD).CC.No. 16 / 02.01/2000-01June 27 , 2001.ToAll Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sirs,Amendments to NBFC RegulationsThe Bank regulates the activities of NBFCs through five sets of Directions viz. Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998Non-Banking Financial Companies Auditors Repo
Ref.DNBS.(PD).CC.No. 16 / 02.01/2000-01June 27 , 2001.ToAll Non-Banking Financial Companies including Residuary Non-Banking Companies Dear Sirs,Amendments to NBFC RegulationsThe Bank regulates the activities of NBFCs through five sets of Directions viz. Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998Non-Banking Financial Companies Auditors Repo
Jun 27, 2001
Notification No. DNBS. 149 / CGM (RS) - 2001 Dated June 27, 2001
RESERVE BANK OF INDIADEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE 1, WORLD TRADE CENTRECUFFE PARADE, COLABAMUMBAI - 400 005NOTIFICATION NO. DNBS. 149 / CGM (RS) - 2001 DATED JUNE 27, 2001The Reserve Bank of India, having considered it necessary in the public interest and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Residuary Non-Banking Companies (Res
RESERVE BANK OF INDIADEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE 1, WORLD TRADE CENTRECUFFE PARADE, COLABAMUMBAI - 400 005NOTIFICATION NO. DNBS. 149 / CGM (RS) - 2001 DATED JUNE 27, 2001The Reserve Bank of India, having considered it necessary in the public interest and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Residuary Non-Banking Companies (Res
Jun 27, 2001
Notification No. DNBS. 150 /CGM(RS)-2001 dated June 27, 2001
RESERVE BANK OF INDIADEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE I, WORLD TRADE CENTRECUFFE PARADE, COLABAMUMBAI - 400 005NOTIFICATION No. DNBS. 150 /CGM(RS)-2001 dated June 27, 2001 The Reserve Bank of India, having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Miscellaneous Non-Banking Companies (Res
RESERVE BANK OF INDIADEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE I, WORLD TRADE CENTRECUFFE PARADE, COLABAMUMBAI - 400 005NOTIFICATION No. DNBS. 150 /CGM(RS)-2001 dated June 27, 2001 The Reserve Bank of India, having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Miscellaneous Non-Banking Companies (Res
Jun 27, 2001
Notification No. DNBS. 148 / CGM (RS) - 2001 Dated June 27, 2001
RESERVE BANK OF INDIADEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE 1, WORLD TRADE CENTRECUFFE PARADE, COLABAMUMBAI - 400 005NOTIFICATION NO. DNBS. 148 / CGM (RS) - 2001 DATED JUNE 27, 2001The Reserve Bank of India, having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial Companies Accep
RESERVE BANK OF INDIADEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE 1, WORLD TRADE CENTRECUFFE PARADE, COLABAMUMBAI - 400 005NOTIFICATION NO. DNBS. 148 / CGM (RS) - 2001 DATED JUNE 27, 2001The Reserve Bank of India, having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial Companies Accep
Jun 22, 2001
Annexing of Audited Balance Sheet in respect of Subsidiaries to Parent Banks 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 Banks 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 Banks 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
Jun 21, 2001
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
Jun 18, 2001
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
Jun 14, 2001
Income recognition, asset classification and
provisioning norms for advances
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
Jun 14, 2001
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 Groups 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 Groups repor
Jun 12, 2001
Receipt of foreign contributions by
Associations/ Oranisations in India under
Foreign Contribution(Regulation) Act,1976
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
Jun 11, 2001
Foreign Exchange Management Act, 1999
Export of Goods and Services
A.P. (DIR Series) Circular No. 35 (June 11, 2001)
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
Jun 07, 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 /
Jun 07, 2001
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
May 28, 2001
Sale of Government of India Dated Securities by Auction
Ref.No.IDMC.4840 /08.02.29.01/2000-01May 25, 2001To,All Scheduled Commercial Banks excluding RRBs/ All State Co-operative Banks/ All Scheduled Primary(Urban)Co-operative Banks/All Financial Institutions/ All Primary & Satellite Dealers.Dear Sirs,Sale of Government of India Dated Securities by AuctionGovernment of India have offered to sell, vide notifications No.4(7)-W&M/2001 and No.4(7)W&M/2001(i) both dated May 25, 2001 (copy enclosed), two new dated se
Ref.No.IDMC.4840 /08.02.29.01/2000-01May 25, 2001To,All Scheduled Commercial Banks excluding RRBs/ All State Co-operative Banks/ All Scheduled Primary(Urban)Co-operative Banks/All Financial Institutions/ All Primary & Satellite Dealers.Dear Sirs,Sale of Government of India Dated Securities by AuctionGovernment of India have offered to sell, vide notifications No.4(7)-W&M/2001 and No.4(7)W&M/2001(i) both dated May 25, 2001 (copy enclosed), two new dated se
May 28, 2001
Indo-Myanmar Credit Agreement
dated November 17, 2000 for US$ 15 million
A.P.(DIR Series) Circular No.34 (May 26, 2001)
dated November 17, 2000 for US$ 15 million
A.P.(DIR Series) Circular No.34 (May 26, 2001)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.34May 26, 2001ToAll Authorised Dealers in Foreign ExchangeDear SirsIndo-Myanmar Credit Agreementdated November 17, 2000 for US$ 15 million The Government of India have extended a line of credit of US$ 15 million (US Dollar Fifteen Million only) to the Government of the Union of Myanmar under a credit agreement entered into between the two Governments on November 17
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.34May 26, 2001ToAll Authorised Dealers in Foreign ExchangeDear SirsIndo-Myanmar Credit Agreementdated November 17, 2000 for US$ 15 million The Government of India have extended a line of credit of US$ 15 million (US Dollar Fifteen Million only) to the Government of the Union of Myanmar under a credit agreement entered into between the two Governments on November 17
May 25, 2001
Tender Notice
Reserve Bank of IndiaDepartment of Information TechnologyCentral OfficeMumbai - 400 001Sealed tenders in duplicate are invited for supply, installation, customization and operationalisation of Computer Systems, Systems Software, Cryptographic Coprocessor with Crypto-libraries, Messaging Middleware, Oracle 8i Enterprise edition, Smartcard, Smartcard reader and Toolkit for Windows 2000 Advanced Server/Server Standard, etc., for implementation of Corporate e-mail and Wor
Reserve Bank of IndiaDepartment of Information TechnologyCentral OfficeMumbai - 400 001Sealed tenders in duplicate are invited for supply, installation, customization and operationalisation of Computer Systems, Systems Software, Cryptographic Coprocessor with Crypto-libraries, Messaging Middleware, Oracle 8i Enterprise edition, Smartcard, Smartcard reader and Toolkit for Windows 2000 Advanced Server/Server Standard, etc., for implementation of Corporate e-mail and Wor
May 25, 2001
Permission to participate in Call/Notice/
Term Money Market and Bills Rediscounting
Scheme - Primary Dealers
Term Money Market and Bills Rediscounting
Scheme - Primary Dealers
DBOD.No.FSC.BC. 125 /24.92.001/2000-01May 25, 2001All Commercial Banks(excluding RRBs)Dear Sir,Permission to participate in Call/Notice/Term Money Market and Bills RediscountingScheme – Primary DealersPlease refer to our circular DBOD.No.FSC.BC.143/24.92.001/2000 dated February 23, 2000 on the captioned subject. It has been decided to allow HSBC Primary Dealership (India) Private Ltd., a new Primary Dealer to participate in the Call/Notice/Term Money Market and Bills
DBOD.No.FSC.BC. 125 /24.92.001/2000-01May 25, 2001All Commercial Banks(excluding RRBs)Dear Sir,Permission to participate in Call/Notice/Term Money Market and Bills RediscountingScheme – Primary DealersPlease refer to our circular DBOD.No.FSC.BC.143/24.92.001/2000 dated February 23, 2000 on the captioned subject. It has been decided to allow HSBC Primary Dealership (India) Private Ltd., a new Primary Dealer to participate in the Call/Notice/Term Money Market and Bills
May 21, 2001
Name as appearing in the certificate of
Registration and the License - use of -
Primary (Urban) Co-operative Banks
Registration and the License - use of -
Primary (Urban) Co-operative Banks
Ref. UBD. C.O.BR.No. 538/16.51.00/2000-2001May 2001Vaishakha 1923 (S)All Primary (Urban) Co-operative BanksDear Sir,Name as appearing in the certificate ofRegistration and the License - use of -Primary (Urban) Co-operative BanksPlease refer to our Circular UBD.BR.No.11/16.51.00/98-99 dated 11 December 1998 on the captioned subject. 2. It is observed that many Primary (Urban) Co-operative Banks still do not use the word "Co-operative" in their name as appearing in the
Ref. UBD. C.O.BR.No. 538/16.51.00/2000-2001May 2001Vaishakha 1923 (S)All Primary (Urban) Co-operative BanksDear Sir,Name as appearing in the certificate ofRegistration and the License - use of -Primary (Urban) Co-operative BanksPlease refer to our Circular UBD.BR.No.11/16.51.00/98-99 dated 11 December 1998 on the captioned subject. 2. It is observed that many Primary (Urban) Co-operative Banks still do not use the word "Co-operative" in their name as appearing in the
May 15, 2001
Section 42(1) of the Reserve Bank of India Act, 1934 -
Reduction in Cash Reserve Ratio
Reduction in Cash Reserve Ratio
DBOD.No.BC. 120 /12.01.001/2000-01May 12, 2001Vaishakha 22,1923 (saka)NOTIFICATIONIn exercise of the powers conferred by the proviso to Sub-section (1)of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934 )and in supersession of its Notification DBOD No.BC 77/12.01.001/2000-01 dated February 16,2001 the Reserve Bank of India hereby specifies that the average Cash Reserve Ratio (CRR) required to be maintained by Scheduled Commercial Banks (excluding Regional
DBOD.No.BC. 120 /12.01.001/2000-01May 12, 2001Vaishakha 22,1923 (saka)NOTIFICATIONIn exercise of the powers conferred by the proviso to Sub-section (1)of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934 )and in supersession of its Notification DBOD No.BC 77/12.01.001/2000-01 dated February 16,2001 the Reserve Bank of India hereby specifies that the average Cash Reserve Ratio (CRR) required to be maintained by Scheduled Commercial Banks (excluding Regional
May 15, 2001
Receipt of foreign contributions by Associations/Organisations towards relief measures in Gujarat- Opening of Foreign Currency Accounts in India
DBOD.No.BC.123 /12.01.001/2000-01May 14, 2001Vaishakha 24,1923 (saka)NOTIFICATIONIn exercise of the powers conferred by Sub-section (7) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), Reserve Bank of India hereby exempts Scheduled Commercial Banks from the maintenance of the prescribed average Cash Reserve Ratio (CRR) up to June 30, 2001 on their liabilities on account of deposits in foreign currency accounts opened in India for a temporary period fo
DBOD.No.BC.123 /12.01.001/2000-01May 14, 2001Vaishakha 24,1923 (saka)NOTIFICATIONIn exercise of the powers conferred by Sub-section (7) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), Reserve Bank of India hereby exempts Scheduled Commercial Banks from the maintenance of the prescribed average Cash Reserve Ratio (CRR) up to June 30, 2001 on their liabilities on account of deposits in foreign currency accounts opened in India for a temporary period fo
May 15, 2001
Auction for Sale (Re-issue ) of 10.47 per cent Government Stock, 2015
GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division)New Delhi, the May 15,2001NOTIFICATIONAuction for Sale (Re-issue ) of 10.47 per cent Government Stock, 2015No.4(7)-W&M/2001 : Government of India hereby notifies sale (reissue) of 10.47 per cent Government Stock, 2015 for an aggregate amount of Rs. 4000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called Specific Noti
GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division)New Delhi, the May 15,2001NOTIFICATIONAuction for Sale (Re-issue ) of 10.47 per cent Government Stock, 2015No.4(7)-W&M/2001 : Government of India hereby notifies sale (reissue) of 10.47 per cent Government Stock, 2015 for an aggregate amount of Rs. 4000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called Specific Noti
May 15, 2001
Auction of Government of India Dated Security
Ref.No.IDMC.4646/08.02.29.01/2000-01May 15, 2001 All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary & Satellite Dealers.Dear Sirs,Auction of Government of India Dated SecurityGovernment of India have offered to sell (re-issue), vide Notification no.4(7)-W&M/2001 dated May 15, 2001, the dated security '10.47% Government Stock, 2015' for a notified am
Ref.No.IDMC.4646/08.02.29.01/2000-01May 15, 2001 All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary & Satellite Dealers.Dear Sirs,Auction of Government of India Dated SecurityGovernment of India have offered to sell (re-issue), vide Notification no.4(7)-W&M/2001 dated May 15, 2001, the dated security '10.47% Government Stock, 2015' for a notified am
May 14, 2001
Entertainment Industry - Bank Finance for Film Industry
May 14, 2001IECD No. 17 /08.12.01/2000-2001The Chairmen/Chief Executivesof all commercial banksDear Sir,Entertainment Industry -Bank Finance for Film IndustryAs you are aware, In June 1998, the Indian Banks' Association (IBA) had constituted a Working Group, comprising representatives of banks and film industry to suggest a suitable methodology for financing film industry, which constitutes an important segment of the entertainment industry. The Working Group submitte
May 14, 2001IECD No. 17 /08.12.01/2000-2001The Chairmen/Chief Executivesof all commercial banksDear Sir,Entertainment Industry -Bank Finance for Film IndustryAs you are aware, In June 1998, the Indian Banks' Association (IBA) had constituted a Working Group, comprising representatives of banks and film industry to suggest a suitable methodology for financing film industry, which constitutes an important segment of the entertainment industry. The Working Group submitte
May 14, 2001
Export of goods and services against repayment of
State credit granted by erstwhile Soviet Union
A.P.(DIR Series) Circular No.33 (May 10, 2001)
State credit granted by erstwhile Soviet Union
A.P.(DIR Series) Circular No.33 (May 10, 2001)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.33May 10, 2001To All Authorised Dealers in Foreign ExchangeDear SirsExport of goods and services against repayment ofState credit granted by erstwhile Soviet UnionAttention of authorised dealers is drawn to Annexure I to A.D.(G.P.Series) circular No.4 dated May 19, 1999, indicating names of nominated banks in India for handling matters relating to exports to Russia
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No.33May 10, 2001To All Authorised Dealers in Foreign ExchangeDear SirsExport of goods and services against repayment ofState credit granted by erstwhile Soviet UnionAttention of authorised dealers is drawn to Annexure I to A.D.(G.P.Series) circular No.4 dated May 19, 1999, indicating names of nominated banks in India for handling matters relating to exports to Russia
May 12, 2001
Relaxation to trade and industry
in the State of Jammu & Kashmir
in the State of Jammu & Kashmir
BP.BC. 118 /21.04.012/ 2000- 2001May 10 , 2001All Commercial Banks(excluding RRBs)Dear Sir,Relaxation to trade and industryin the State of Jammu & KashmirPlease refer to circular letter DBOD No.BP.BC.17/ 21.04.012/ 99 dated August 10, 2000 extending the period of concessions/credit relaxations to the borrowers/customers in the State of Jammu & Kashmir upto 31 March 2001. It has been decided that the existing concessions/ credit relaxations to borrowers/custome
BP.BC. 118 /21.04.012/ 2000- 2001May 10 , 2001All Commercial Banks(excluding RRBs)Dear Sir,Relaxation to trade and industryin the State of Jammu & KashmirPlease refer to circular letter DBOD No.BP.BC.17/ 21.04.012/ 99 dated August 10, 2000 extending the period of concessions/credit relaxations to the borrowers/customers in the State of Jammu & Kashmir upto 31 March 2001. It has been decided that the existing concessions/ credit relaxations to borrowers/custome
May 12, 2001
Operations in call/notice money market
DS. PCB.CIR. 40 /13.01.00/2000-01April 19, 2001Chaitra 29,1923(S)Chief Executive Officers of All Primary (Urban) Co-operative BanksDear Sir, Operations in call/notice money marketUrban Co-operative Banks (UCBs) are presently allowed to both lend and borrow in the call/notice money market. With a view to reducing excessive reliance on call/notice money market, it has been decided that on a daily basis, their borrowings in call/notice money market should not exceed 2% o
DS. PCB.CIR. 40 /13.01.00/2000-01April 19, 2001Chaitra 29,1923(S)Chief Executive Officers of All Primary (Urban) Co-operative BanksDear Sir, Operations in call/notice money marketUrban Co-operative Banks (UCBs) are presently allowed to both lend and borrow in the call/notice money market. With a view to reducing excessive reliance on call/notice money market, it has been decided that on a daily basis, their borrowings in call/notice money market should not exceed 2% o
May 12, 2001
Banking Regulation Act, 1949 (As Applicable to
Co-operative Societies) - Section 24 -Investment
in Government and other approved Securities
by Urban Co-operative Banks (UCBs)
Co-operative Societies) - Section 24 -Investment
in Government and other approved Securities
by Urban Co-operative Banks (UCBs)
BR.Cir/ 42 /16.26.00/2000-01 April 19, 2001 Chaitra 29, 1923(S) Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Section 24 -Investment in Government and other approved Securities by Urban Co-operative Banks (UCBs) -------------------------------------------------------------- Please refer to our Circular UBD.BR.No.33/16.26.00/95-96 dated 3 January 1996 in terms of whi
BR.Cir/ 42 /16.26.00/2000-01 April 19, 2001 Chaitra 29, 1923(S) Chief Executive Officers of All Primary (Urban) Co-operative Banks Dear Sir, Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Section 24 -Investment in Government and other approved Securities by Urban Co-operative Banks (UCBs) -------------------------------------------------------------- Please refer to our Circular UBD.BR.No.33/16.26.00/95-96 dated 3 January 1996 in terms of whi
May 12, 2001
Investment of funds by Urban Co-operative
Banks as deposits with other institutions and
other Urban Co-operative Banks
Banks as deposits with other institutions and
other Urban Co-operative Banks
BR. 43 / 16.20.00 /2000-01 April 19, 2001 Chaitra 29,1923(S) Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir, Investment of funds by Urban Co-operative Banks as deposits with other institutions and other Urban Co-operative Banks Urban Co-operative Banks essentially being purveyors of credit to persons with small means, they were advised to desist from parking their funds with other institutions/public sector companies etc. vide circular UBD
BR. 43 / 16.20.00 /2000-01 April 19, 2001 Chaitra 29,1923(S) Chief Executive Officers of All Primary (urban) Co-operative Banks Dear Sir, Investment of funds by Urban Co-operative Banks as deposits with other institutions and other Urban Co-operative Banks Urban Co-operative Banks essentially being purveyors of credit to persons with small means, they were advised to desist from parking their funds with other institutions/public sector companies etc. vide circular UBD
May 12, 2001
Credit Card business of banks
FSC.BC.120/24.01.011/2000-01May 12, 2001ToAll Scheduled Commercial Banks(excluding RRBs)Dear Sir,Credit Card business of banksA special study on credit card business of certain banks covering aspects relating to the systems and controls on issue of credit cards and recovery of dues thereunder, was undertaken by us. The study report was circulated to banks for their comments and suggestions. Based on the response received from banks, it has been decided that banks shou
FSC.BC.120/24.01.011/2000-01May 12, 2001ToAll Scheduled Commercial Banks(excluding RRBs)Dear Sir,Credit Card business of banksA special study on credit card business of certain banks covering aspects relating to the systems and controls on issue of credit cards and recovery of dues thereunder, was undertaken by us. The study report was circulated to banks for their comments and suggestions. Based on the response received from banks, it has been decided that banks shou
May 11, 2001
Bank Financing of Equities and Investments in Shares: Revised Guidelines
DBOD. BP. BC. 119 / 21.04.137 / 2000-2001 May 11 , 2001 All commercial banks ( excluding RRBs and LABs) Dear Sir, Bank Financing of Equities and Investments in Shares: Revised Guidelines As you are aware, in pursuance of the announcement made in October, 2000 in the Mid-term Review of the Monetary and Credit Policy for the year 2000-2001, the RBI- SEBI Technical Committee has reviewed the RBI guidelines set out in circular DBOD.BP.BC.51/21.04.137/2000-01 dated Novembe
DBOD. BP. BC. 119 / 21.04.137 / 2000-2001 May 11 , 2001 All commercial banks ( excluding RRBs and LABs) Dear Sir, Bank Financing of Equities and Investments in Shares: Revised Guidelines As you are aware, in pursuance of the announcement made in October, 2000 in the Mid-term Review of the Monetary and Credit Policy for the year 2000-2001, the RBI- SEBI Technical Committee has reviewed the RBI guidelines set out in circular DBOD.BP.BC.51/21.04.137/2000-01 dated Novembe
May 08, 2001
Participation in Call/Notice Money Market
May 8, 2001 REF : No.MPD.3173/03.09.01/2000-01 All-India Financial Institutions and Selected Mutual Funds Dear Sir Participation in Call/Notice Money Market---------------------------------------------------------- Please refer to our circular No.2991/03.09.01/2000-01 dated April 21, 2001. 2. It is clarified that with effect from May 5, 2001, lendings by non-bank participants in call/notice money market would be monitored against their respective limits in stage I, on
May 8, 2001 REF : No.MPD.3173/03.09.01/2000-01 All-India Financial Institutions and Selected Mutual Funds Dear Sir Participation in Call/Notice Money Market---------------------------------------------------------- Please refer to our circular No.2991/03.09.01/2000-01 dated April 21, 2001. 2. It is clarified that with effect from May 5, 2001, lendings by non-bank participants in call/notice money market would be monitored against their respective limits in stage I, on
May 08, 2001
Guidelines for Issue of Commercial Paper
Ref.No.IECD. 15 /08.15.01/2000-01 April 30, 2001 The Chairmen/Chief Executives of All Scheduled Banks, Primary Dealers, Satellite Dealers and All-India Financial Institutions Dear Sirs, Guidelines for Issue of Commercial Paper As announced in the Statement on Monetary and Credit Policy for the year 2001-2002, certain changes have been effected in the guidelines for issue of commercial paper (CP). Accordingly, guidelines for issue of CP contained in our circular No.IEC
Ref.No.IECD. 15 /08.15.01/2000-01 April 30, 2001 The Chairmen/Chief Executives of All Scheduled Banks, Primary Dealers, Satellite Dealers and All-India Financial Institutions Dear Sirs, Guidelines for Issue of Commercial Paper As announced in the Statement on Monetary and Credit Policy for the year 2001-2002, certain changes have been effected in the guidelines for issue of commercial paper (CP). Accordingly, guidelines for issue of CP contained in our circular No.IEC
May 05, 2001
Foreign Currency (Non-Resident)
Accounts (Banks) Scheme
Accounts (Banks) Scheme
DBOD No. Dir BC 105/13.03.00/2000-01 April 19, 2001 Chaitra 29 ,1923(S) Foreign Currency (Non-Resident) Accounts (Banks) Scheme In exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that Annexure I to the Bank’s directive DBOD No. Dir.BC 48/13.03.00/2000-01 dated November 4, 2000 shall be substituted by
DBOD No. Dir BC 105/13.03.00/2000-01 April 19, 2001 Chaitra 29 ,1923(S) Foreign Currency (Non-Resident) Accounts (Banks) Scheme In exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that Annexure I to the Bank’s directive DBOD No. Dir.BC 48/13.03.00/2000-01 dated November 4, 2000 shall be substituted by
May 05, 2001
Interest Rates on Advances
DBOD No. Dir. BC. 106/13.03.00/2000-01April 19, 2001Chaitra 29 ,1923(S)Interest Rates on AdvancesIn exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, hereby directs, in supersession of its directive DBOD No.Dir.BC.106/13.03.00/99 dated October 29, 1999 that with effect from April 19, 2001, no commercial bank shall ch
DBOD No. Dir. BC. 106/13.03.00/2000-01April 19, 2001Chaitra 29 ,1923(S)Interest Rates on AdvancesIn exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, hereby directs, in supersession of its directive DBOD No.Dir.BC.106/13.03.00/99 dated October 29, 1999 that with effect from April 19, 2001, no commercial bank shall ch
May 05, 2001
Monetary and Credit Policy for the
year 2001–2002 – Interest Rate Policy
year 2001–2002 – Interest Rate Policy
DBOD No. Dir. BC. 107/13.03.00/2000-01 April 19, 2001 Chaitra 29,1923(S) All Commercial Banks (including RRBs and LABs) Dear Sirs, Monetary and Credit Policy for the year 2001–2002 – Interest Rate Policy Please refer to Governors’ letter No. MPD.BC 206/07.01.279/2000-01, dated April 19, 2001 enclosing a copy of the statement on "Monetary and Credit Policy for the year 2001-2002". As a step towards progressive deregulation of interest rates on deposits and advances and
DBOD No. Dir. BC. 107/13.03.00/2000-01 April 19, 2001 Chaitra 29,1923(S) All Commercial Banks (including RRBs and LABs) Dear Sirs, Monetary and Credit Policy for the year 2001–2002 – Interest Rate Policy Please refer to Governors’ letter No. MPD.BC 206/07.01.279/2000-01, dated April 19, 2001 enclosing a copy of the statement on "Monetary and Credit Policy for the year 2001-2002". As a step towards progressive deregulation of interest rates on deposits and advances and
May 05, 2001
Interest Rates on Deposits
Capital Gains Accounts Scheme, 1988
Capital Gains Accounts Scheme, 1988
DBOD No. Dir BC 109/13.03.00/2000-01April 19, 2001Chaitra 29 ,1923(S)All Public Sector BanksDear Sirs,Interest Rates on Deposits Capital Gains Accounts Scheme, 1988Please refer to our Notification DBOD No. Dir.BC 159/13.03.00/2000 dated April 01, 2000 in terms of which the banks were advised of the rates of interest on deposits made under Capital Gains Accounts Scheme, 1988, introduced by Government of India. It has been decided to reduce the minimum maturity period
DBOD No. Dir BC 109/13.03.00/2000-01April 19, 2001Chaitra 29 ,1923(S)All Public Sector BanksDear Sirs,Interest Rates on Deposits Capital Gains Accounts Scheme, 1988Please refer to our Notification DBOD No. Dir.BC 159/13.03.00/2000 dated April 01, 2000 in terms of which the banks were advised of the rates of interest on deposits made under Capital Gains Accounts Scheme, 1988, introduced by Government of India. It has been decided to reduce the minimum maturity period
May 05, 2001
Disclosure of names of defaulters-
consent clause in loan documents
consent clause in loan documents
DL. BC. 112 /20.16.002/2000-01 April 27, 2001 Chairmen/ CMDs/CEOs, All scheduled commercial banks & All India notified financial institutions Dear Sirs, Disclosure of names of defaulters- consent clause in loan documents Please refer to our circular DBOD. No. BC. DL 4/20.16.002/ 99-2000 dated 21st October 1999 regarding inclusion of a consent clause in the loan documents to disclose the names in the event of borrowers becoming defaulters read with circulars DBOD.
DL. BC. 112 /20.16.002/2000-01 April 27, 2001 Chairmen/ CMDs/CEOs, All scheduled commercial banks & All India notified financial institutions Dear Sirs, Disclosure of names of defaulters- consent clause in loan documents Please refer to our circular DBOD. No. BC. DL 4/20.16.002/ 99-2000 dated 21st October 1999 regarding inclusion of a consent clause in the loan documents to disclose the names in the event of borrowers becoming defaulters read with circulars DBOD.
May 05, 2001
Interest Rates on Deposits
DBOD No. Dir BC 104/13.03.00/2000-01April 19, 2001Chaitra 29,1923(S)Interest Rates on DepositsIn exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949, and in partial modification of its Directive DBOD No. Dir. BC. 46/13.03.00/2000-2001 dated November 4, 2000, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, hereby directs that: i) Annexure I to the aforesaid Directive
DBOD No. Dir BC 104/13.03.00/2000-01April 19, 2001Chaitra 29,1923(S)Interest Rates on DepositsIn exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949, and in partial modification of its Directive DBOD No. Dir. BC. 46/13.03.00/2000-2001 dated November 4, 2000, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, hereby directs that: i) Annexure I to the aforesaid Directive
May 04, 2001
Treatment of restructured accounts - amendment
April 30, 2001DBOD.BP. BC. 113 / 21.04.048/2000-01All Commercial Banks(excluding RRBs)Dear Sir,Treatment of restructured accounts - amendmentPlease refer to our circular DBOD.No.BP.BC.98/21.04.048/2000-01 dated March 30, 2001. We advise that paragraph 6 of our circular mentioned above may be amended to read as under:-Quote:6. The foregoing changes in the norms would be applicable only to standard and sub-standard accounts which are subjected to restructuring / resched
April 30, 2001DBOD.BP. BC. 113 / 21.04.048/2000-01All Commercial Banks(excluding RRBs)Dear Sir,Treatment of restructured accounts - amendmentPlease refer to our circular DBOD.No.BP.BC.98/21.04.048/2000-01 dated March 30, 2001. We advise that paragraph 6 of our circular mentioned above may be amended to read as under:-Quote:6. The foregoing changes in the norms would be applicable only to standard and sub-standard accounts which are subjected to restructuring / resched
May 04, 2001
Guidelines for Compromise Settlement of Dues of
Banks and Financial Institutions through Lok Adalats
Banks and Financial Institutions through Lok Adalats
May 2, 2001LEG.BC.114/09.06.002/2000-01All Scheduled Commercial Banks and All India Financial Institutions (IDBI, IFCI, ICICI, TFCI, IDFC, NABARD, NHB, SIDBI, and EXIM Bank)Dear Sir,Guidelines for Compromise Settlement of Dues of Banks and Financial Institutions through Lok AdalatsAs you are aware, the Indian Banks Association (IBA) has been issuing guidelines to member institutions for taking up of cases for settlement through Lok Adalats. The position was reviewed
May 2, 2001LEG.BC.114/09.06.002/2000-01All Scheduled Commercial Banks and All India Financial Institutions (IDBI, IFCI, ICICI, TFCI, IDFC, NABARD, NHB, SIDBI, and EXIM Bank)Dear Sir,Guidelines for Compromise Settlement of Dues of Banks and Financial Institutions through Lok AdalatsAs you are aware, the Indian Banks Association (IBA) has been issuing guidelines to member institutions for taking up of cases for settlement through Lok Adalats. The position was reviewed
May 04, 2001
Filing of suits to recover dues from Wilful Defaulters
May 2, 2001DBOD No. BP.BC.115 /21.03.038/2000-01All Scheduled Commercial Banks (excluding RRBs) andNotified All India Financial InstitutionsDear Sir,Filing of suits to recover dues from Wilful DefaultersPlease refer to our Circular DBOD. No. BP. BC. 69/21.03.038/99 dated July 12, 1999 advising banks to review at different levels the cases of loss assets, which are outstanding for more than two years, and legal action has not been initiated.2. In terms of our Circular
May 2, 2001DBOD No. BP.BC.115 /21.03.038/2000-01All Scheduled Commercial Banks (excluding RRBs) andNotified All India Financial InstitutionsDear Sir,Filing of suits to recover dues from Wilful DefaultersPlease refer to our Circular DBOD. No. BP. BC. 69/21.03.038/99 dated July 12, 1999 advising banks to review at different levels the cases of loss assets, which are outstanding for more than two years, and legal action has not been initiated.2. In terms of our Circular
May 04, 2001
Monetary and Credit Policy Measures 2001-2002
May 2, 2001 DBOD. No. BP. BC.116 /21.04.048/2000-2001 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Monetary and Credit Policy Measures 2001-2002 Please refer to Governor’s letter No. MPD.BC. 206/07.01.279/2000-01 dated April 19, 2001 enclosing a copy of the statement on "Monetary and Credit Policy for the year 2001-2002". The guidelines in regard to certain policy measures are given below: 1. Income Recognition, Asset Classification and Provisioning A. As
May 2, 2001 DBOD. No. BP. BC.116 /21.04.048/2000-2001 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Monetary and Credit Policy Measures 2001-2002 Please refer to Governor’s letter No. MPD.BC. 206/07.01.279/2000-01 dated April 19, 2001 enclosing a copy of the statement on "Monetary and Credit Policy for the year 2001-2002". The guidelines in regard to certain policy measures are given below: 1. Income Recognition, Asset Classification and Provisioning A. As
May 03, 2001
Scheme of Liquidity Adjustment Facility: 2001-2002
Ref. IDMC.No.4376 /03.75.00/2000-01May 3, 2001To,All Primary Dealers and Scheduled Commercial Banks (excluding RRBs)Dear Sirs,Sub: Scheme of Liquidity Adjustment Facility: 2001-2002As announced in the Statement on Monetary and Credit Policy for the year 2001-02, the existing Liquidity Adjustment Facility has been reviewed and certain amendments have been made. The revised Scheme will be made effective from May 8, 2001. Please find enclosed a copy of the revised Scheme
Ref. IDMC.No.4376 /03.75.00/2000-01May 3, 2001To,All Primary Dealers and Scheduled Commercial Banks (excluding RRBs)Dear Sirs,Sub: Scheme of Liquidity Adjustment Facility: 2001-2002As announced in the Statement on Monetary and Credit Policy for the year 2001-02, the existing Liquidity Adjustment Facility has been reviewed and certain amendments have been made. The revised Scheme will be made effective from May 8, 2001. Please find enclosed a copy of the revised Scheme
May 02, 2001
Approach to Universal Banking
DBS.FID. No. C-24 / 01.02.00 / 2000-200128 April 2001To the Chief Executive Officers, All-India Term-lending and Refinancing InstitutionsDear Sir,Approach to Universal BankingPlease refer to our Circular No.DBS.FID.286/02.01.00 / 99-2000 dated 1 November 1999 forwarding therewith a copy of the Mid-term Review of Monetary and Credit Policy of RBI for 1999-2000. It would be observed from para 89 (copy enclosed at Annexure I) of the policy statement that though the DFIs
DBS.FID. No. C-24 / 01.02.00 / 2000-200128 April 2001To the Chief Executive Officers, All-India Term-lending and Refinancing InstitutionsDear Sir,Approach to Universal BankingPlease refer to our Circular No.DBS.FID.286/02.01.00 / 99-2000 dated 1 November 1999 forwarding therewith a copy of the Mid-term Review of Monetary and Credit Policy of RBI for 1999-2000. It would be observed from para 89 (copy enclosed at Annexure I) of the policy statement that though the DFIs
May 02, 2001
Educational Loan Scheme
April 28, 2001RPCD.PLNFS.BC.NO.83/06.12.05/2000-01The Chairman/Managing DirectorAll scheduled commercial banks Dear SirEducational Loan Scheme The Finance Minister in a meeting with the Chief Executives of the public sector banks on 13 June 2000 had highlighted the role of commercial banks in facilitating pursuit of higher education by poor, but meritorious students. In pursuance thereof the Indian Banks Association constituted a Study Group under the chairmanship of
April 28, 2001RPCD.PLNFS.BC.NO.83/06.12.05/2000-01The Chairman/Managing DirectorAll scheduled commercial banks Dear SirEducational Loan Scheme The Finance Minister in a meeting with the Chief Executives of the public sector banks on 13 June 2000 had highlighted the role of commercial banks in facilitating pursuit of higher education by poor, but meritorious students. In pursuance thereof the Indian Banks Association constituted a Study Group under the chairmanship of
May 02, 2001
Exim Banks Line of Credit of US$ 5 million to
East African Development Bank, Uganda
A.P.(DIR Series) Circular No. 31(April 20, 2001)
East African Development Bank, Uganda
A.P.(DIR Series) Circular No. 31(April 20, 2001)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No. 31April 20, 2001ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Exim Bank’s Line of Credit of US$ 5 million toEast African Development Bank, UgandaExport Import Bank of India (Exim Bank) has concluded an agreement with the East African Development Bank(EADB) on August 22, 2000, making available to the latter, a line of credit upto an aggregate sum of US$ 5 m
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.P.(DIR Series) Circular No. 31April 20, 2001ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Exim Bank’s Line of Credit of US$ 5 million toEast African Development Bank, UgandaExport Import Bank of India (Exim Bank) has concluded an agreement with the East African Development Bank(EADB) on August 22, 2000, making available to the latter, a line of credit upto an aggregate sum of US$ 5 m
May 02, 2001
Indian Direct Investment outside India
A.P. (DIR Series) Circular No.32 (April 28, 2001)
A.P. (DIR Series) Circular No.32 (April 28, 2001)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P. (DIR Series) Circular No.32 April 28, 2001 To All Authorised Dealers in Foreign Exchange Dear Sirs, Indian Direct Investment outside India Attention of the authorised dealers is invited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2000, notified by the Reserve Bank vide Notification No. FEMA 19/RB-2000 dated 3rd May, 2000 dealing with Indian
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P. (DIR Series) Circular No.32 April 28, 2001 To All Authorised Dealers in Foreign Exchange Dear Sirs, Indian Direct Investment outside India Attention of the authorised dealers is invited to Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2000, notified by the Reserve Bank vide Notification No. FEMA 19/RB-2000 dated 3rd May, 2000 dealing with Indian
Apr 26, 2001
Auction of Government of India Dated Securities
Ref.No.IDMC.4242 /08.02.29.01/2000-01April 26, 2001All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary & Satellite Dealers.Dear Sirs,Auction of Government of India Dated Securities Government of India have offered to sell (re-issue), vide Notification no.4(7)-W&M/2001 dated April 25, 2001, the dated security "11.50% Government Stock, 2011" for a noti
Ref.No.IDMC.4242 /08.02.29.01/2000-01April 26, 2001All Scheduled Commercial Banks excluding RRBs/All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary & Satellite Dealers.Dear Sirs,Auction of Government of India Dated Securities Government of India have offered to sell (re-issue), vide Notification no.4(7)-W&M/2001 dated April 25, 2001, the dated security "11.50% Government Stock, 2011" for a noti
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