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Apr 23, 2007
Working Group to review the existing guidelines on restructuring of advances and align them with the guidelines on CDR Mechanism
DBOD.No.BP. 1316 /21.04.132/2006-07April 23, 2007All Commercial Banks (excluding RRBs & LABs)Dear Sir,Working Group to review the existing guidelines on restructuring of advances and align them with the guidelines on CDR Mechanism Please refer to para 174 of Annual Policy Statement for the Year 2006-07, wherein it was proposed that a working group will be constituted to review and align the existing guidelines on restructuring of advances (other than under CDR mec
DBOD.No.BP. 1316 /21.04.132/2006-07April 23, 2007All Commercial Banks (excluding RRBs & LABs)Dear Sir,Working Group to review the existing guidelines on restructuring of advances and align them with the guidelines on CDR Mechanism Please refer to para 174 of Annual Policy Statement for the Year 2006-07, wherein it was proposed that a working group will be constituted to review and align the existing guidelines on restructuring of advances (other than under CDR mec
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Apr 20, 2007
Maintenance of Cash Reserve Ratio (CRR)
RBI/2006-2007/331 Ref: DBOD.No. Ret.BC.82 /12.01.001/2006-07 @@NBSP@@April@@NBSP@@ 20, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circulars RBI/2006-2007/269 DBOD.No.Ret.BC.62/12.01.001/2006-2007 dated March 01, 2007@@NBSP@@ and RBI/2006-2007/305@@NBSP@@ DBOD.No.Ret.BC.74/12.01.001/2006-2007 dated April 04, 2007 on the captio
RBI/2006-2007/331 Ref: DBOD.No. Ret.BC.82 /12.01.001/2006-07 @@NBSP@@April@@NBSP@@ 20, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circulars RBI/2006-2007/269 DBOD.No.Ret.BC.62/12.01.001/2006-2007 dated March 01, 2007@@NBSP@@ and RBI/2006-2007/305@@NBSP@@ DBOD.No.Ret.BC.74/12.01.001/2006-2007 dated April 04, 2007 on the captio
Apr 20, 2007
Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories
RBI/2006-2007/332 Ref: DBOD.No. Ret.BC.84 /12.01.001/2006-07 April 20 , 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2006-2007/270@@NBSP@@ DBOD.No.Ret.BC.64/12.01.001/2006-07 dated March 01, 2007 on the captioned subject. Consequent upon the notification of Section 3 of the Reserve Bank of India (Amendment) Act, 2006 as coming into force wi
RBI/2006-2007/332 Ref: DBOD.No. Ret.BC.84 /12.01.001/2006-07 April 20 , 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2006-2007/270@@NBSP@@ DBOD.No.Ret.BC.64/12.01.001/2006-07 dated March 01, 2007 on the captioned subject. Consequent upon the notification of Section 3 of the Reserve Bank of India (Amendment) Act, 2006 as coming into force wi
Apr 20, 2007
Comprehensive Guidelines on Derivatives
RBI/2006-2007/333DBOD.No.BP.BC. 86/21.04.157/2006-07April 20, 2007Chairmen/ Chief Executive OfficersAll Commercial Banks (excluding RRBs),All India Term-Lending & Refinancing Institutions &Primary Dealers@@NBSP@@Dear Sir,Comprehensive Guidelines on DerivativesAs indicated in paragraph 137 of the Mid-term Review of Annual Policy for year 2006-07, an Internal Group was constituted by the Reserve Bank to review the existing guidelines on derivatives and formulate
RBI/2006-2007/333DBOD.No.BP.BC. 86/21.04.157/2006-07April 20, 2007Chairmen/ Chief Executive OfficersAll Commercial Banks (excluding RRBs),All India Term-Lending & Refinancing Institutions &Primary Dealers@@NBSP@@Dear Sir,Comprehensive Guidelines on DerivativesAs indicated in paragraph 137 of the Mid-term Review of Annual Policy for year 2006-07, an Internal Group was constituted by the Reserve Bank to review the existing guidelines on derivatives and formulate
Apr 20, 2007
Compliance function in banks
RBI/2006-2007/335 Ref. DBS. CO.PP.BC 6/11.01.005/2006-07 April 20, 2007 The Chairman / CEO All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Compliance function in banks As you are aware, draft guidelines on compliance function in banks were placed on the website vide Ref No. DBS.CO.PP.BC 1/11.01.005/2006-07 dated November 16, 2006. Based on the responses / comments on the draft guidelines received from banks, Self Regulatory Organizations and others,
RBI/2006-2007/335 Ref. DBS. CO.PP.BC 6/11.01.005/2006-07 April 20, 2007 The Chairman / CEO All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Compliance function in banks As you are aware, draft guidelines on compliance function in banks were placed on the website vide Ref No. DBS.CO.PP.BC 1/11.01.005/2006-07 dated November 16, 2006. Based on the responses / comments on the draft guidelines received from banks, Self Regulatory Organizations and others,
Apr 20, 2007
Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks
RBI/2006-2007/334DBOD.BP.BC. 87 /21.04.141/ 2006-07April 20, 2007All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Prudential Norms for Classification, Valuationand Operation of Investment Portfolio by BanksPlease refer to our Master Circular on the above subject DBOD. No. BP.BC. 14/ 21.04.141/ 2006-07, dated July 1, 2006. In terms of these guidelines a bank may classify a security in the Held to Maturity (HTM) category either at the time of acqui
RBI/2006-2007/334DBOD.BP.BC. 87 /21.04.141/ 2006-07April 20, 2007All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Prudential Norms for Classification, Valuationand Operation of Investment Portfolio by BanksPlease refer to our Master Circular on the above subject DBOD. No. BP.BC. 14/ 21.04.141/ 2006-07, dated July 1, 2006. In terms of these guidelines a bank may classify a security in the Held to Maturity (HTM) category either at the time of acqui
Apr 18, 2007
Guidelines - Accounting Standard 17( Segment Reporting) - Enhancement of disclosures
RBI/2006-2007/327 DBOD.No. BP.BC. 81 / 21.04.018/ 2006-07 April 18, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines - Accounting Standard 17( Segment Reporting) – Enhancement of disclosures Please refer to our circular DBOD.No.BP. BC. 89 /21.04.018/2002-03 dated March29, 2003 in terms of which banks are required to adopt the three business segments viz. ‘Treasury’, ‘Other Banking Business’ and ‘Residual’ as the uniform business segments and ‘
RBI/2006-2007/327 DBOD.No. BP.BC. 81 / 21.04.018/ 2006-07 April 18, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines - Accounting Standard 17( Segment Reporting) – Enhancement of disclosures Please refer to our circular DBOD.No.BP. BC. 89 /21.04.018/2002-03 dated March29, 2003 in terms of which banks are required to adopt the three business segments viz. ‘Treasury’, ‘Other Banking Business’ and ‘Residual’ as the uniform business segments and ‘
Apr 18, 2007
Introduction of ‘Protected Disclosures Scheme for Private Sector and Foreign banks'
RBI/2006-2007/328 DO DBS .FrMC No. BC 5 /23.02.011 /2006-07 April 18, 2007 All Private Sector and Foreign Banks operating in India Introduction of ‘Protected Disclosures Scheme for Private Sector and Foreign banks' The Government of India, vide its Resolution dated April 21, 2004 had authorized the Central Vigilance Commission (CVC) as the 'Designated Agency' to receive written complaints for disclosure on any allegation of corruption or misuse of office by any employ
RBI/2006-2007/328 DO DBS .FrMC No. BC 5 /23.02.011 /2006-07 April 18, 2007 All Private Sector and Foreign Banks operating in India Introduction of ‘Protected Disclosures Scheme for Private Sector and Foreign banks' The Government of India, vide its Resolution dated April 21, 2004 had authorized the Central Vigilance Commission (CVC) as the 'Designated Agency' to receive written complaints for disclosure on any allegation of corruption or misuse of office by any employ
Apr 17, 2007
Safe Deposit Lockers/Articles in Safe Custody
Draft Circular on Safe Deposit LockersRBI/2006-2007/325 DBOD.No.Leg.BC.78 /09.07.005/2006-07April 17, 2007ToAll Scheduled Commercial Banks (excluding RRBs)Dear Sir,Extension of Safe Deposit Locker / Safe CustodyArticle Facility and Access to Safe Deposit Lockers /Return of Safe Custody Articles by banks. The Committee on Procedures and Performance Audit on Public Services (CPPAPS) had made some recommendations for easy operation of lockers. We have reviewed all the gu
Draft Circular on Safe Deposit LockersRBI/2006-2007/325 DBOD.No.Leg.BC.78 /09.07.005/2006-07April 17, 2007ToAll Scheduled Commercial Banks (excluding RRBs)Dear Sir,Extension of Safe Deposit Locker / Safe CustodyArticle Facility and Access to Safe Deposit Lockers /Return of Safe Custody Articles by banks. The Committee on Procedures and Performance Audit on Public Services (CPPAPS) had made some recommendations for easy operation of lockers. We have reviewed all the gu
Apr 17, 2007
Rupee Export Credit Interest Rates
RBI/2006-2007/326DBOD.Dir.(Exp).BC.No.80/04.02.01/2006-07April 17, 2007@@NBSP@@All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp.)No.37/04.02.01/2006-07 dated October 20, 2006 on the captioned subject.The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto October 31, 2007. In this connection, you may please refer to RBI c
RBI/2006-2007/326DBOD.Dir.(Exp).BC.No.80/04.02.01/2006-07April 17, 2007@@NBSP@@All Scheduled Commercial Banks(excluding RRBs)Dear Sir,Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir.(Exp.)No.37/04.02.01/2006-07 dated October 20, 2006 on the captioned subject.The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto October 31, 2007. In this connection, you may please refer to RBI c
Apr 13, 2007
Wire Transfers
RBI/2006-2007/321DBOD.AML.BC. No. 77 / 14.01.001 / 2006-07April 13, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML)Standards / Combating of Financing of Terrorism (CFT) – Wire TransfersBanks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or from one country to anothe
RBI/2006-2007/321DBOD.AML.BC. No. 77 / 14.01.001 / 2006-07April 13, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Know Your Customer (KYC) Norms / Anti-Money Laundering (AML)Standards / Combating of Financing of Terrorism (CFT) – Wire TransfersBanks use wire transfers as an expeditious method for transferring funds between bank accounts. Wire transfers include transactions occurring within the national boundaries of a country or from one country to anothe
Apr 13, 2007
Nomination Facility in Single Deposit Accounts
RBI/2006-2007/322 RPCD.CO.RRB.BC.No.71 /03.05.33//2006-07 April 13, 2007 The Chairmen All Regional Rural Banks Dear Sir, Nomination Facility in Single Deposit Accounts Please refer to Paragraph 9 of the circular RPCD.CO.RRB.BC.22/03.05.33/2005-06 dated July 19, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorship clause. We feel that despi
RBI/2006-2007/322 RPCD.CO.RRB.BC.No.71 /03.05.33//2006-07 April 13, 2007 The Chairmen All Regional Rural Banks Dear Sir, Nomination Facility in Single Deposit Accounts Please refer to Paragraph 9 of the circular RPCD.CO.RRB.BC.22/03.05.33/2005-06 dated July 19, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorship clause. We feel that despi
Apr 12, 2007
Asset Classification Norms for Infrastructure Projects Modified
RBI/2006-2007/320DBOD No. BP.BC. 76 /21.04.048/2006-07April 12, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Prudential norms on Income recognition, Asset Classification andProvisioning pertaining to Advances – Projects involving time overrunIn terms of Sub-para (iv) of Para 4.2.17 of Master Circular DBOD No. BP.BC. 15/ 21.04.048/2006-07 dated 1 July 2006 on ‘Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Adva
RBI/2006-2007/320DBOD No. BP.BC. 76 /21.04.048/2006-07April 12, 2007All Scheduled Commercial Banks(Excluding RRBs)Dear Sir,Prudential norms on Income recognition, Asset Classification andProvisioning pertaining to Advances – Projects involving time overrunIn terms of Sub-para (iv) of Para 4.2.17 of Master Circular DBOD No. BP.BC. 15/ 21.04.048/2006-07 dated 1 July 2006 on ‘Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Adva
Apr 12, 2007
StCBs/DCCBs - Nomination Facility in Single Deposit Accounts
RBI/2006-2007/318 RPCD.CO.RF. BC.No. 70 /07.38.01/2006-07April 12, 2007The Chairmen/CEOs All State and District Central Co-operative BanksDear Sir,Nomination Facility in Single Deposit Accounts Please refer to Paragraph 9 of the circular RPCD.CO.RF.BC.No.12/07.38.01/ 2005-06 dated July 12, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorsh
RBI/2006-2007/318 RPCD.CO.RF. BC.No. 70 /07.38.01/2006-07April 12, 2007The Chairmen/CEOs All State and District Central Co-operative BanksDear Sir,Nomination Facility in Single Deposit Accounts Please refer to Paragraph 9 of the circular RPCD.CO.RF.BC.No.12/07.38.01/ 2005-06 dated July 12, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorsh
Apr 12, 2007
Interest Rate Ceiling on Rupee Export Credit
RBI/2006-2007/319Ref. No. MPD.BC. 291/07.01.279/2006-07April 12, 2007 Chaitra 22, 1929 (Saka)ToAll Scheduled Commercial Banks Dear Sir/Madam, Interest Rate Ceiling on Rupee Export CreditAt present, the ceiling on interest rates on pre-shipment rupee export credit up to 180 days and post-shipment rupee export credit up to 90 days is stipulated at BPLR minus 2.5 per cent. This dispensation is valid up to April 30, 2007. 2. It has been decided to extend the validity of t
RBI/2006-2007/319Ref. No. MPD.BC. 291/07.01.279/2006-07April 12, 2007 Chaitra 22, 1929 (Saka)ToAll Scheduled Commercial Banks Dear Sir/Madam, Interest Rate Ceiling on Rupee Export CreditAt present, the ceiling on interest rates on pre-shipment rupee export credit up to 180 days and post-shipment rupee export credit up to 90 days is stipulated at BPLR minus 2.5 per cent. This dispensation is valid up to April 30, 2007. 2. It has been decided to extend the validity of t
Apr 11, 2007
RRBs - Rounding off Amounts of Cheques to the Nearest Rupee
RBI/2006-2007/317 RPCD.CO.No.RRB.BC.69/03.05.33/2006-07 April 11, 2007 All Regional Rural Banks Dear Sir, Rounding off amounts of cheques to the nearest rupee We advise that recently a case involving refusal by a bank to accept a draft drawn in fraction of a rupee lodged for collection to the credit of Government account came up before the High Court of Gujarat, Ahmedabad. The High Court of Gujarat, taking a serious view in the matter, has directed Reserve Bank of Ind
RBI/2006-2007/317 RPCD.CO.No.RRB.BC.69/03.05.33/2006-07 April 11, 2007 All Regional Rural Banks Dear Sir, Rounding off amounts of cheques to the nearest rupee We advise that recently a case involving refusal by a bank to accept a draft drawn in fraction of a rupee lodged for collection to the credit of Government account came up before the High Court of Gujarat, Ahmedabad. The High Court of Gujarat, taking a serious view in the matter, has directed Reserve Bank of Ind
Apr 10, 2007
Prime Minister Rozgar Yojana - Extension of date of validity of sanction for the programme year 2006-07
RBI/2006- 2007/316 RPCD.PLNFS.BC.No. 68/09.04.01/ 2006 – 2007 April 10, 2007 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Prime Minister Rozgar Yojana – Extension of date of @@NBSP@@validity of sanction for the programme year 2006-07 Please refer our circular RBI / 2005-06 / 358 / RPCD.PLNFS.BC.No.74/ 09.04.01/2005 –2006 dated April 13, 2006. In view of the unsatisfactory performance of the implementing banks of PMR
RBI/2006- 2007/316 RPCD.PLNFS.BC.No. 68/09.04.01/ 2006 – 2007 April 10, 2007 The Chairman / Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Prime Minister Rozgar Yojana – Extension of date of @@NBSP@@validity of sanction for the programme year 2006-07 Please refer our circular RBI / 2005-06 / 358 / RPCD.PLNFS.BC.No.74/ 09.04.01/2005 –2006 dated April 13, 2006. In view of the unsatisfactory performance of the implementing banks of PMR
Apr 09, 2007
Rounding off Transactions to the nearest rupee
RBI/2006-2007/315 RPCD.CO.RF.BC.No.67 /07.02.01/2006-07 April 9, 2007 All State and Central Co-operative Banks Dear Sir Rounding off Transactions to the nearest rupee Please refer to our circular RPCD.No.RF.BC.68/D.1-90-91 dated January 1, 1991, in terms of which banks were advised that all transactions, including payment of interest on deposits/charging of interest on advances, should be rounded off to the nearest rupee; i.e. fraction of 50 paise and above shall be r
RBI/2006-2007/315 RPCD.CO.RF.BC.No.67 /07.02.01/2006-07 April 9, 2007 All State and Central Co-operative Banks Dear Sir Rounding off Transactions to the nearest rupee Please refer to our circular RPCD.No.RF.BC.68/D.1-90-91 dated January 1, 1991, in terms of which banks were advised that all transactions, including payment of interest on deposits/charging of interest on advances, should be rounded off to the nearest rupee; i.e. fraction of 50 paise and above shall be r
Apr 05, 2007
Nomination Facility in Single Deposit Accounts
RBI/2006-2007/310DBOD.No.Leg BC. 75 /09.07.005/2006-07April 5, 2007All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Nomination Facility in Single Deposit Accounts Please refer to Para 9 of our Circular DBOD. No. BC.95/09.07.005/2004-05 dated June 9, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorship clause. We feel that despite th
RBI/2006-2007/310DBOD.No.Leg BC. 75 /09.07.005/2006-07April 5, 2007All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Nomination Facility in Single Deposit Accounts Please refer to Para 9 of our Circular DBOD. No. BC.95/09.07.005/2004-05 dated June 9, 2005 on the above subject wherein banks were advised to give wide publicity and provide guidance to deposit account holders on the benefits of nomination facility and the survivorship clause. We feel that despite th
Apr 04, 2007
Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)
RBI/2006-2007/305 Ref: DBOD.No. Ret.BC.74 /12.01.001/2006-07 April 04, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2006-2007/269 / DBOD.No.Ret.BC.62/12.01.001/2006-07 dated March 01, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it has been decided to increase Cas
RBI/2006-2007/305 Ref: DBOD.No. Ret.BC.74 /12.01.001/2006-07 April 04, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2006-2007/269 / DBOD.No.Ret.BC.62/12.01.001/2006-07 dated March 01, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it has been decided to increase Cas
Apr 04, 2007
Credit flow to Micro, Small and Medium Enterprises Sector
RBI/2006-2007/306 RPCD.PLNFS. BC.No.63/ 06.02.31/ 2006-07 April 4, 2007 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks All Regional Rural Banks/Local Area Banks Dear Sir, Credit flow to Micro, Small and Medium Enterprises Sector Please refer to Paragraph No.2 of our circular RPCD.PLFNS.BC.No.31/ 06.02.31/ 2005-06 dated August 19, 2005 wherein the definition of Small and Medium Enterprise had been indicated as reproduced below:
RBI/2006-2007/306 RPCD.PLNFS. BC.No.63/ 06.02.31/ 2006-07 April 4, 2007 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks All Regional Rural Banks/Local Area Banks Dear Sir, Credit flow to Micro, Small and Medium Enterprises Sector Please refer to Paragraph No.2 of our circular RPCD.PLFNS.BC.No.31/ 06.02.31/ 2005-06 dated August 19, 2005 wherein the definition of Small and Medium Enterprise had been indicated as reproduced below:
Apr 04, 2007
StCBs - Maintenance of CRR
RBI/2006-2007/307RPCD.CO.RF.BC.No. 64 /07.02.01/2006-07April 4, 2007All Scheduled State Co-operative BanksDear SirSection 42 (1) of RBI Act, 1934 – Maintenance of Cash Reserve Ratio (CRR) Please refer to our circular No.RPCD.CO.RF.BC 49/07.02.01/2006-07 dated February 14, 2007 read with circular No. RPCD.RF.BC.54/07.02.01/2006-07 dated March 2, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it has been decided to incre
RBI/2006-2007/307RPCD.CO.RF.BC.No. 64 /07.02.01/2006-07April 4, 2007All Scheduled State Co-operative BanksDear SirSection 42 (1) of RBI Act, 1934 – Maintenance of Cash Reserve Ratio (CRR) Please refer to our circular No.RPCD.CO.RF.BC 49/07.02.01/2006-07 dated February 14, 2007 read with circular No. RPCD.RF.BC.54/07.02.01/2006-07 dated March 2, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it has been decided to incre
Apr 04, 2007
RRBs - Maintenance of CRR
RBI/2006-2007/308RPCD. RRB. CO. BC. No.66/03.05.28(B)/2006-07April 4, 2007 All Regional Rural Banks Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)-RRBsPlease refer to our circular RPCD.CO.RRB.BC.50/03.05.28(B)/2006-07 dated February 14, 2007 read with circular RPCD.RRB.CO.BC. No.51/03.05.28(B)/ 2006-07 dated March 02, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it h
RBI/2006-2007/308RPCD. RRB. CO. BC. No.66/03.05.28(B)/2006-07April 4, 2007 All Regional Rural Banks Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR)-RRBsPlease refer to our circular RPCD.CO.RRB.BC.50/03.05.28(B)/2006-07 dated February 14, 2007 read with circular RPCD.RRB.CO.BC. No.51/03.05.28(B)/ 2006-07 dated March 02, 2007 on the captioned subject. As set out in Press Release: 2006-2007/1336 dated March 30, 2007, it h
Apr 04, 2007
Advertisement in electronic media
RBI/2006-2007/304DNBS (PD) / CC. No. 91 / 03.02.034 / 2006- 07April 4, 2007ToAll Deposit taking Non-Banking Financial Companies (NBFCs)(excluding Residuary Non-Banking Companies)@@NBSP@@Advertisement in electronic mediaNBFCs may refer to letter DNBS (PD) No. 788 / 02.34 / 2004-05 dated May 12, 2005 on the captioned subject advising therein that NBFCs should explicitly include in their advertisements issued in print or electronic media (including web-sites) or statemen
RBI/2006-2007/304DNBS (PD) / CC. No. 91 / 03.02.034 / 2006- 07April 4, 2007ToAll Deposit taking Non-Banking Financial Companies (NBFCs)(excluding Residuary Non-Banking Companies)@@NBSP@@Advertisement in electronic mediaNBFCs may refer to letter DNBS (PD) No. 788 / 02.34 / 2004-05 dated May 12, 2005 on the captioned subject advising therein that NBFCs should explicitly include in their advertisements issued in print or electronic media (including web-sites) or statemen
Apr 03, 2007
Gold (Metal) Loan - tenor of
RBI/2006-2007/302 DBOD.No.IBD.BC.71/23.67.001/2006-2007 April 3, 2007 All Scheduled Commercial Banks (excluding RRBs ) Dear Sir, Gold (Metal) Loan – tenor of In terms of our circular DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005 it was advised that banks nominated to import gold* as per extant instructions may extend Gold (Metal) Loans to domestic jewellery manufacturers, who are not exporters of jewellery, subject to conditions specified therein.@@NBSP@
RBI/2006-2007/302 DBOD.No.IBD.BC.71/23.67.001/2006-2007 April 3, 2007 All Scheduled Commercial Banks (excluding RRBs ) Dear Sir, Gold (Metal) Loan – tenor of In terms of our circular DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005 it was advised that banks nominated to import gold* as per extant instructions may extend Gold (Metal) Loans to domestic jewellery manufacturers, who are not exporters of jewellery, subject to conditions specified therein.@@NBSP@
Apr 03, 2007
Guarantees for Export Advance
RBI/2006-2007/303DBOD No. Dir.BC.72/ 13.03.00/2006-07April 3, 2007Chief Executives of all Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Guarantees for Export AdvanceIt has come to our notice that exporters with low export turnover are receiving large amounts as export advances, in low interest rate currencies, against domestic bank guarantees and are depositing such advances with banks in Indian Rupees for interest rate arbitrage. Further, the guarantees are bei
RBI/2006-2007/303DBOD No. Dir.BC.72/ 13.03.00/2006-07April 3, 2007Chief Executives of all Scheduled Commercial Banks (Excluding RRBs)Dear Sir,Guarantees for Export AdvanceIt has come to our notice that exporters with low export turnover are receiving large amounts as export advances, in low interest rate currencies, against domestic bank guarantees and are depositing such advances with banks in Indian Rupees for interest rate arbitrage. Further, the guarantees are bei
Mar 30, 2007
Rounding off cheques to the nearest rupee
RBI.No.2006-2007/299DBOD. Dir. BC. 70/13.01.01/ 2006-07March 30, 2007All Commercial Banks (excluding RRBs)Dear SirRounding off cheques to the nearest rupee Please refer to paragraph 19 of our Master Circular DBOD Dir. BC. 6/13.03.00/2006-07dated July 1, 2006 on 'Interest Rates on Deposits', in terms of which banks were advised that all transactions, including payment of interest on deposits/charging of interest on advances, should be rounded off to the nearest rupee;
RBI.No.2006-2007/299DBOD. Dir. BC. 70/13.01.01/ 2006-07March 30, 2007All Commercial Banks (excluding RRBs)Dear SirRounding off cheques to the nearest rupee Please refer to paragraph 19 of our Master Circular DBOD Dir. BC. 6/13.03.00/2006-07dated July 1, 2006 on 'Interest Rates on Deposits', in terms of which banks were advised that all transactions, including payment of interest on deposits/charging of interest on advances, should be rounded off to the nearest rupee;
Mar 30, 2007
Liquidity Adjustment Facility - Acceptance of State Development Loans under Repos
RBI/2006-2007/298 FMD.MOAG No.13 /01.01.01/2006-07March 30, 2007All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir,Liquidity Adjustment Facility – Acceptance of State Development Loans under Repos In accordance with the paragraph 133 of the Annual Statement on Monetary Policy for the year 2006-07 dated April 18, 2006, the State Development Loans (SDLs) will qualify as eligible securities under the Liquidity Adjustment Facility (LAF) - Repos w
RBI/2006-2007/298 FMD.MOAG No.13 /01.01.01/2006-07March 30, 2007All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir,Liquidity Adjustment Facility – Acceptance of State Development Loans under Repos In accordance with the paragraph 133 of the Annual Statement on Monetary Policy for the year 2006-07 dated April 18, 2006, the State Development Loans (SDLs) will qualify as eligible securities under the Liquidity Adjustment Facility (LAF) - Repos w
Mar 30, 2007
Liquidity Adjustment Facility - Repo And Reverse Repo Rates
RBI/2006-2007/301FMD.MOAG. No.14/01.01.01/2006-07March 30, 2007All Scheduled Commercial Banks (excluding RRBs)and Primary DealersDear Sir,LIQUIDITY ADJUSTMENT FACILITY – REPO AND REVERSE REPO RATESIn the light of the current macroeconomic, monetary and anticipated liquidity conditions, and with a view to containing inflation expectations, the Reserve Bank of India has announced monetary measures today. In accordance with the measures announced, the fixed repo rate und
RBI/2006-2007/301FMD.MOAG. No.14/01.01.01/2006-07March 30, 2007All Scheduled Commercial Banks (excluding RRBs)and Primary DealersDear Sir,LIQUIDITY ADJUSTMENT FACILITY – REPO AND REVERSE REPO RATESIn the light of the current macroeconomic, monetary and anticipated liquidity conditions, and with a view to containing inflation expectations, the Reserve Bank of India has announced monetary measures today. In accordance with the measures announced, the fixed repo rate und
Mar 30, 2007
Returns on priority sector advances - Inconsistency in reporting data
RPCD. Stat. No. BC. 62/11.01.01/2006-07 March 30, 2007 The Chairman/Managing Director All Scheduled Commercial Banks Dear Sir Returns on priority sector advances – Inconsistency in reporting data We have been receiving periodical returns on priority sector advances from banks in different formats viz., half-yearly return on priority sector advances, special return I, II and III on priority sector advances, returns on DRI advances, SC/ST advances, advances to minority
RPCD. Stat. No. BC. 62/11.01.01/2006-07 March 30, 2007 The Chairman/Managing Director All Scheduled Commercial Banks Dear Sir Returns on priority sector advances – Inconsistency in reporting data We have been receiving periodical returns on priority sector advances from banks in different formats viz., half-yearly return on priority sector advances, special return I, II and III on priority sector advances, returns on DRI advances, SC/ST advances, advances to minority
Mar 30, 2007
Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2006-2007/300REF.No.MPD.BC. 290/07.01.279/2006-07March 30, 2007 ToAll Scheduled Banks [excluding Regional Rural Banks (RRBs)]and Primary DealersDear Sir,Standing Liquidity Facilities for Banks and Primary DealersPlease refer to Financial Markets Department Circular FMD. MOAG No. 14 / 01.01.01/ 2006-07 dated March 30, 2007 on Liquidity Adjustment Facility – Repo and Reverse Repo Rates. 2. The fixed repo rate under the LAF has been revised to 7.75 per cent with effe
RBI/2006-2007/300REF.No.MPD.BC. 290/07.01.279/2006-07March 30, 2007 ToAll Scheduled Banks [excluding Regional Rural Banks (RRBs)]and Primary DealersDear Sir,Standing Liquidity Facilities for Banks and Primary DealersPlease refer to Financial Markets Department Circular FMD. MOAG No. 14 / 01.01.01/ 2006-07 dated March 30, 2007 on Liquidity Adjustment Facility – Repo and Reverse Repo Rates. 2. The fixed repo rate under the LAF has been revised to 7.75 per cent with effe
Mar 29, 2007
Lead Bank Scheme Allocation of Lead Bank responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar districts in J & K State
RBI/2006-2007/295 RPCD.CO.LBS.BC.No. 59 /02.08.01/2006-07 March 29, 2007The Chairman All Lead Banks (As per mailing list)Dear Sir, Lead Bank Scheme Allocation of Lead Bank responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar districts in J & K State Please refer to our Circular RPCD.No.LBS.BC. 87/02.01.01/2004-05 dated March 07, 2005 extending the period of transfer of lead responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar district
RBI/2006-2007/295 RPCD.CO.LBS.BC.No. 59 /02.08.01/2006-07 March 29, 2007The Chairman All Lead Banks (As per mailing list)Dear Sir, Lead Bank Scheme Allocation of Lead Bank responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar districts in J & K State Please refer to our Circular RPCD.No.LBS.BC. 87/02.01.01/2004-05 dated March 07, 2005 extending the period of transfer of lead responsibility in respect of Anantnag, Budgam, Pulwana and Srinagar district
Mar 29, 2007
Grant of Loans for acquisition of Kisan Vikas Patras (KVPs)
RBI/2006-2007/297RPCD. CO.RRB. No. BC. 61/03.05.33(E)/2006-2007March 29, 2007All Regional Rural Banks Dear SirGrant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals (mostly High Net worth Individuals-HNIs) for acquisition of Kisan Vikas Patras (KVPs). The HNIs were first required to bring in 10% of the total face value of the proposed investment in the KVPs as mar
RBI/2006-2007/297RPCD. CO.RRB. No. BC. 61/03.05.33(E)/2006-2007March 29, 2007All Regional Rural Banks Dear SirGrant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals (mostly High Net worth Individuals-HNIs) for acquisition of Kisan Vikas Patras (KVPs). The HNIs were first required to bring in 10% of the total face value of the proposed investment in the KVPs as mar
Mar 29, 2007
Credit Mobilisation Target under SGSY during 2007-08
RBI/2006-2007/296 RPCD.SP. BC. No. /60 /09.01.01/2006-07 March 29, 2007 The Chairman /Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Credit Mobilisation target under Swarnajayanti Gram Swarozgar Yojana (SGSY) during the year 2007-08 Government of India have finalised credit mobilisation target for the year 2007-08 under SGSY. The State /UT wise credit mobilisation targets for the year 2007-08 are enclosed. The credit mobilisation as
RBI/2006-2007/296 RPCD.SP. BC. No. /60 /09.01.01/2006-07 March 29, 2007 The Chairman /Managing Director All Indian Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Credit Mobilisation target under Swarnajayanti Gram Swarozgar Yojana (SGSY) during the year 2007-08 Government of India have finalised credit mobilisation target for the year 2007-08 under SGSY. The State /UT wise credit mobilisation targets for the year 2007-08 are enclosed. The credit mobilisation as
Mar 23, 2007
Special Measures for the Annual Closing of Government Accounts (2006-07)
RBI/2006-07/293 DGBA.GAD.No.H-14214/42.01.029/2006-07March 23, 2007The Chairman & Managing Director / Managing Director State Bank of India and its Associate Banks / All Public Sector Banks / IDBI Ltd. / HDFC Bank Ltd. / ICICI Bank Ltd. / UTI Bank Ltd. / Jammu & Kashmir Bank Ltd. Dear Sir,Annual Closing of Government Accounts - Transactions of Central/State Governments - Special Measures for the Current Financial Year (2006-07) With a view to facilitating acco
RBI/2006-07/293 DGBA.GAD.No.H-14214/42.01.029/2006-07March 23, 2007The Chairman & Managing Director / Managing Director State Bank of India and its Associate Banks / All Public Sector Banks / IDBI Ltd. / HDFC Bank Ltd. / ICICI Bank Ltd. / UTI Bank Ltd. / Jammu & Kashmir Bank Ltd. Dear Sir,Annual Closing of Government Accounts - Transactions of Central/State Governments - Special Measures for the Current Financial Year (2006-07) With a view to facilitating acco
Mar 23, 2007
Grant of Loans for acquisition of Kisan Vikas Patras - StCBs/DCCBs
RBI/2006-2007/292 RPCD.CO.RF.BC.No.57/07.40.06/2006-07 March 23, 2007 The Chief Executive Officers of All State / Central Co-operative Banks (StCBs/DCCBs)Dear Sir/Madam,Grant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals for acquisition of Kisan Vikas Patras (KVPs). The individuals were first required to bring in 10% of the total face value of the proposed inve
RBI/2006-2007/292 RPCD.CO.RF.BC.No.57/07.40.06/2006-07 March 23, 2007 The Chief Executive Officers of All State / Central Co-operative Banks (StCBs/DCCBs)Dear Sir/Madam,Grant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals for acquisition of Kisan Vikas Patras (KVPs). The individuals were first required to bring in 10% of the total face value of the proposed inve
Mar 21, 2007
Maintenance of State Government Accounts - Recovery of Interest on delayed remittances (State Government Transactions)
RBI/2006-2007/291DGBA. GAD. No. H- 14061/ 31.04.008/2006-07March 21, 2007The Chairman & Managing Director/ Managing DirectorAll Public Sector Banks (excluding IDBI Bank Ltd.)Dear Sir,Maintenance of State Government Accounts– Recovery of Interest on delayed remittances(State Government Transactions)Please refer to our circular DGBA. GAD. No. 1377/ 31.04.008/ 2002-03 dated February 22, 2003 wherein our instructions regarding the implementation of therecommendations
RBI/2006-2007/291DGBA. GAD. No. H- 14061/ 31.04.008/2006-07March 21, 2007The Chairman & Managing Director/ Managing DirectorAll Public Sector Banks (excluding IDBI Bank Ltd.)Dear Sir,Maintenance of State Government Accounts– Recovery of Interest on delayed remittances(State Government Transactions)Please refer to our circular DGBA. GAD. No. 1377/ 31.04.008/ 2002-03 dated February 22, 2003 wherein our instructions regarding the implementation of therecommendations
Mar 16, 2007
Agency Commission - Public Provident Fund Scheme, 1968 (PPF) and Senior Citizen Savings Scheme 2004 (SCSS).
RBI/2006-2007/289 DGBA.GAD.H-14024/31.12.010/2006-07 March 16, 2007 The Chairman and Managing Director / Managing Director State Bank of India and its Associates / Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/ Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank/ Indian Overseas Bank / Punjab National Bank / Syndicate Bank /UCO Bank /Union Bank of India / United Bank of India / Vijaya Bank / ICICI Bank Ltd Dear Sir,
RBI/2006-2007/289 DGBA.GAD.H-14024/31.12.010/2006-07 March 16, 2007 The Chairman and Managing Director / Managing Director State Bank of India and its Associates / Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/ Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank/ Indian Overseas Bank / Punjab National Bank / Syndicate Bank /UCO Bank /Union Bank of India / United Bank of India / Vijaya Bank / ICICI Bank Ltd Dear Sir,
Mar 14, 2007
Grant of Loans for acquisition of Kisan Vikas Patras (KVPs)
RBI/2006-2007/288 DBOD.No.Dir.BC.69/13.03.00/2006-2007 March 14, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Grant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals (mostly High Networth Individuals-HNIs) for acquisition of Kisan Vikas Patras (KVPs). The HNIs were first required to bring in 10% of the total face value of the proposed investment in
RBI/2006-2007/288 DBOD.No.Dir.BC.69/13.03.00/2006-2007 March 14, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Grant of Loans for acquisition of Kisan Vikas Patras (KVPs) We have recently come across certain instances where banks had sanctioned loans to individuals (mostly High Networth Individuals-HNIs) for acquisition of Kisan Vikas Patras (KVPs). The HNIs were first required to bring in 10% of the total face value of the proposed investment in
Mar 13, 2007
Prudential norms on creation and utilisation of floating provisions
RBI/2006-07/287 DBOD.NO.BP.BC.68/21.04.048/2006-07 March 13, 2007All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Prudential norms on creation and utilisation of floating provisions Please refer to Para 2(i) of Circular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006 on the captioned subject in terms of which banks can use the floating provisions only for contingencies under extra-ordinary circumstances for making specific provisions in impaired account
RBI/2006-07/287 DBOD.NO.BP.BC.68/21.04.048/2006-07 March 13, 2007All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Prudential norms on creation and utilisation of floating provisions Please refer to Para 2(i) of Circular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006 on the captioned subject in terms of which banks can use the floating provisions only for contingencies under extra-ordinary circumstances for making specific provisions in impaired account
Mar 07, 2007
Exclusion from the Second Schedule to the Reserve Bank of India Act,1934 - The United Western Bank Ltd
RBI/2006-2007/282DBOD. Ret. BC No. 67/12.06.051/2006-07March 07, 2007All Scheduled Commercial BanksDear Sirs,Exclusion from the Second Schedule to theReserve Bank of India Act,1934 -The United Western Bank LtdWe advise that the name of The United Western Bank Ltd has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 25, 2006, i.e. the date on which the relative notification DBOD. No. PSBD. 4146/16.01.076 /2006-07 d
RBI/2006-2007/282DBOD. Ret. BC No. 67/12.06.051/2006-07March 07, 2007All Scheduled Commercial BanksDear Sirs,Exclusion from the Second Schedule to theReserve Bank of India Act,1934 -The United Western Bank LtdWe advise that the name of The United Western Bank Ltd has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 25, 2006, i.e. the date on which the relative notification DBOD. No. PSBD. 4146/16.01.076 /2006-07 d
Mar 06, 2007
Guidelines on Fair Practices Code for Lenders
RBI/2006-2007/280 DBOD.No.Leg.BC.65 /09.07.005/2006-07March 6, 2007All Scheduled Commercial Banks / All India Financial Institutions(Excluding RRBs) Dear Sir,Guidelines on Fair Practices Code for LendersPlease refer to our Circular DBOD. Leg. No.BC. 104 /09.07.007/2002-03 dated May 5, 2003 wherein guidelines were issued to banks / FIs for framing the Fair Practices Code for Lenders.2. In terms of Para 2 (i) (a) of the above Circular, banks / FIs were advised that
RBI/2006-2007/280 DBOD.No.Leg.BC.65 /09.07.005/2006-07March 6, 2007All Scheduled Commercial Banks / All India Financial Institutions(Excluding RRBs) Dear Sir,Guidelines on Fair Practices Code for LendersPlease refer to our Circular DBOD. Leg. No.BC. 104 /09.07.007/2002-03 dated May 5, 2003 wherein guidelines were issued to banks / FIs for framing the Fair Practices Code for Lenders.2. In terms of Para 2 (i) (a) of the above Circular, banks / FIs were advised that
Mar 06, 2007
Prudential Limits for Inter- Bank Liabilities (IBL)
RBI/2006-2007/281 DBOD. No. BP.BC. 66/ 21.01.002/ 2006-2007March 6, 2007All Commercial Banks(Excluding RRBs) Dear Sir,Prudential Limits for Inter- Bank Liabilities (IBL) As you are aware, in India, while the counterparty risk concentration on the assets side has attracted adequate attention and received regulatory policy response, the concentration risk on the liability side of the banks has not received similar attention. Liability side management has its own merits
RBI/2006-2007/281 DBOD. No. BP.BC. 66/ 21.01.002/ 2006-2007March 6, 2007All Commercial Banks(Excluding RRBs) Dear Sir,Prudential Limits for Inter- Bank Liabilities (IBL) As you are aware, in India, while the counterparty risk concentration on the assets side has attracted adequate attention and received regulatory policy response, the concentration risk on the liability side of the banks has not received similar attention. Liability side management has its own merits
Mar 02, 2007
Liquidity Adjustment Facility - Modified Arrangements
RBI/2006-2007/279FMD.MOAG No.12 /01.01.01/2006-07March 2, 2007@@NBSP@@ All Scheduled Commercial Banks (excluding RRBs)and Primary DealersDear Sir,Liquidity Adjustment Facility – Modified Arrangements Please refer paragraphs 89 and 95 of the Third Quarter Review of Annual Statement on Monetary Policy for the Year 2006-07 and the press release issued today on 'Liquidity Management – Modified Arrangements'. The existing arrangements for LAF in place vide our circulars ID
RBI/2006-2007/279FMD.MOAG No.12 /01.01.01/2006-07March 2, 2007@@NBSP@@ All Scheduled Commercial Banks (excluding RRBs)and Primary DealersDear Sir,Liquidity Adjustment Facility – Modified Arrangements Please refer paragraphs 89 and 95 of the Third Quarter Review of Annual Statement on Monetary Policy for the Year 2006-07 and the press release issued today on 'Liquidity Management – Modified Arrangements'. The existing arrangements for LAF in place vide our circulars ID
Mar 02, 2007
RRBs-Maintenance of CRR
RBI/2006-2007/274 RPCD. RRB. CO. BC. No.51/03.05.28(B)/2006-07March 02, 2007All Regional Rural BanksDear Sir,Section 42(1) of Reserve Bank of India Act, 1934- Maintenance of Cash Reserve Ratio (CRR)-RRBsPlease refer to our Circular RPCD.RF.BC.93/07.02.01/2005-06 dated June 22, 2006 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 have notified January 9, 2007 as the date on which all the provi
RBI/2006-2007/274 RPCD. RRB. CO. BC. No.51/03.05.28(B)/2006-07March 02, 2007All Regional Rural BanksDear Sir,Section 42(1) of Reserve Bank of India Act, 1934- Maintenance of Cash Reserve Ratio (CRR)-RRBsPlease refer to our Circular RPCD.RF.BC.93/07.02.01/2005-06 dated June 22, 2006 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 have notified January 9, 2007 as the date on which all the provi
Mar 02, 2007
RRBs - Maintenance of CRR on Exempted Categories
RBI/2006-2007/275 RPCD. CO.RRB.BC. No. 52 /03.05.28(B)/2006-07March 02, 2007All Regional Rural BanksDear Sir,Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories- RRBsPlease refer to our Circular RPCD.RF.BC.94/07.02.01/2005-06 dated June 22, 2006 on the captioned subject. It has been decided to withdraw the above circular with immediate effect. It has, however, been decided that every Regional Rural Bank shall continue to be exempted from maintaining average
RBI/2006-2007/275 RPCD. CO.RRB.BC. No. 52 /03.05.28(B)/2006-07March 02, 2007All Regional Rural BanksDear Sir,Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories- RRBsPlease refer to our Circular RPCD.RF.BC.94/07.02.01/2005-06 dated June 22, 2006 on the captioned subject. It has been decided to withdraw the above circular with immediate effect. It has, however, been decided that every Regional Rural Bank shall continue to be exempted from maintaining average
Mar 02, 2007
StCBs - Cash Reserve Ratio CRR on Exempted Categories
RBI/2006-2007/277 RPCD.RF.BC.56/07.02.01/2006-07March 02, 2007All Scheduled State Co-operative Banks Dear Sir,Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2005-2006/425 RPCD.RF.BC.94/07.02.01/2005-06 dated June 22, 2006 on the captioned subject. It has been decided to withdraw the above circular with immediate effect. It has, however, been decided that every Scheduled State Co-operative Bank shall continue to be exemp
RBI/2006-2007/277 RPCD.RF.BC.56/07.02.01/2006-07March 02, 2007All Scheduled State Co-operative Banks Dear Sir,Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2005-2006/425 RPCD.RF.BC.94/07.02.01/2005-06 dated June 22, 2006 on the captioned subject. It has been decided to withdraw the above circular with immediate effect. It has, however, been decided that every Scheduled State Co-operative Bank shall continue to be exemp
Mar 02, 2007
StCBs - Maintenance of CRR
RBI/2006-2007/276 RPCD.RF.BC.54/07.02.01/2006-07 March 02, 2007 All Scheduled State Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2005-2006/424 RPCD.RF.BC/93/07.02.01/ 2005-06 dated June 22, 2006 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 have notified January 9, 2007 as the date on w
RBI/2006-2007/276 RPCD.RF.BC.54/07.02.01/2006-07 March 02, 2007 All Scheduled State Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2005-2006/424 RPCD.RF.BC/93/07.02.01/ 2005-06 dated June 22, 2006 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 have notified January 9, 2007 as the date on w
Mar 01, 2007
SCBs Maintenance of CRR on Exempted Categories
RBI/2006-2007/270 Ref: DBOD.No. Ret.BC. 64/12.01.001/2006-07 March 01, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2005-2006/423 DBOD.No.Ret.BC.93/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject. It has been decided to withdraw the above circular with immediate effect. It has however, been decided that every Scheduled Comm
RBI/2006-2007/270 Ref: DBOD.No. Ret.BC. 64/12.01.001/2006-07 March 01, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Maintenance of Cash Reserve Ratio (CRR) on Exempted Categories Please refer to our Circular RBI/2005-2006/423 DBOD.No.Ret.BC.93/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject. It has been decided to withdraw the above circular with immediate effect. It has however, been decided that every Scheduled Comm
Mar 01, 2007
SCBs - Maintenance of Cash Reserve Ratio
RBI/2006-2007/269 Ref: DBOD.No. Ret.BC. 62 /12.01.001/2006-07 March 01, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2005-2006/422 DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 ha
RBI/2006-2007/269 Ref: DBOD.No. Ret.BC. 62 /12.01.001/2006-07 March 01, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular RBI/2005-2006/422 DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject. Government of India in their Extraordinary Gazette notification No.S.O.21(E) dated January 9, 2007 ha
Feb 23, 2007
Misuse of Bank Finance for hoarding - Status and Action
RBI/2006-2007/267 DNBS (PD) CC. No.90/ 03.10.001/2006-07 February 23, 2007 All Systemically important Non-Deposit taking NBFCs (all non-deposit taking NBFCs with asset size of Rs. 100 Crore and above) Dear Sir / Madam, Misuse of Bank Finance for hoarding – Status and Action Concerns have been expressed that some of the corporates / entities may be hoarding foodgrains which could have had the benefit of resources from the NBFC finance. NBFC-ND-SI (all non-deposit takin
RBI/2006-2007/267 DNBS (PD) CC. No.90/ 03.10.001/2006-07 February 23, 2007 All Systemically important Non-Deposit taking NBFCs (all non-deposit taking NBFCs with asset size of Rs. 100 Crore and above) Dear Sir / Madam, Misuse of Bank Finance for hoarding – Status and Action Concerns have been expressed that some of the corporates / entities may be hoarding foodgrains which could have had the benefit of resources from the NBFC finance. NBFC-ND-SI (all non-deposit takin
Feb 22, 2007
Analysis and Disclosure of complaints - Disclosure of complaints / unimplemented awards of Banking Ombudsmen alongwith Financial Results
RBI/2006-2007/266 DBOD.No.Leg BC. 60 /09.07.005/2006-07February 22, 2007 All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Analysis and Disclosure of complaints -Disclosure of complaints / unimplemented awards ofBanking Ombudsmen alongwith Financial ResultsThe Committee on Procedures and Performance Audit on Public Services (CPPAPS) had recommended that banks should place a statement before their Boards analyzing the complaints received. CPPAPS had further
RBI/2006-2007/266 DBOD.No.Leg BC. 60 /09.07.005/2006-07February 22, 2007 All Scheduled Commercial Banks (excluding RRBs)Dear Sir,Analysis and Disclosure of complaints -Disclosure of complaints / unimplemented awards ofBanking Ombudsmen alongwith Financial ResultsThe Committee on Procedures and Performance Audit on Public Services (CPPAPS) had recommended that banks should place a statement before their Boards analyzing the complaints received. CPPAPS had further
Feb 22, 2007
Inclusion of Service Tax in EASIEST
RBI/2006-2007/263DGBA.GAD.No.H 12806/41.07.001/2006-07February 22, 2007The Chairman & Managing Director/ Managing DirectorState Bank of India and its Associates/Allahabad Bank/Bank of Baroda/Bank of India/Bank of Maharashtra/Canara Bank/Central Bank of India/Corporation Bank/Dena Bank/Indian Bank/Indian Overseas Bank/Punjab National Bank/ SyndicateBank/UCO Bank/Union Bank of India/United Bank of India/Vijaya Bank/UTI Bank Ltd/HDFC Bank Ltd/ICICI Bank Ltd/IDBI LtdD
RBI/2006-2007/263DGBA.GAD.No.H 12806/41.07.001/2006-07February 22, 2007The Chairman & Managing Director/ Managing DirectorState Bank of India and its Associates/Allahabad Bank/Bank of Baroda/Bank of India/Bank of Maharashtra/Canara Bank/Central Bank of India/Corporation Bank/Dena Bank/Indian Bank/Indian Overseas Bank/Punjab National Bank/ SyndicateBank/UCO Bank/Union Bank of India/United Bank of India/Vijaya Bank/UTI Bank Ltd/HDFC Bank Ltd/ICICI Bank Ltd/IDBI LtdD
Feb 22, 2007
Scheme for Collection of Dues -Special Arrangements - Financial Year 2006-2007
RBI/2006-2007/264 DGBA.GAD.No.H.12812/42.01.029/2006-07 February 22, 2007 The Chief Executive Officers All Agency Banks (As per list enclosed) Dear Sir Scheme for Collection of Dues of ( i ) Central Board of Direct Taxes ( ii ) Central Board of Excise and Customs ( iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2006-2007 Please refer to Circular DGBA.GAD.No.H- 11835/42.01.001/2005-06 da
RBI/2006-2007/264 DGBA.GAD.No.H.12812/42.01.029/2006-07 February 22, 2007 The Chief Executive Officers All Agency Banks (As per list enclosed) Dear Sir Scheme for Collection of Dues of ( i ) Central Board of Direct Taxes ( ii ) Central Board of Excise and Customs ( iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2006-2007 Please refer to Circular DGBA.GAD.No.H- 11835/42.01.001/2005-06 da
Feb 22, 2007
Prudential Norms Directions - Deposit taking and Non-deposit taking Non-Banking Financial Companies (NBFCs)
RBI/2006-2007/265DNBS.PD/ CC. No. 89/03.05.002 /2006-07February 22, 2007All Non-Banking Financial Companies(including RNBCs)Dear Sir,Prudential Norms Directions – Deposit taking and Non-deposit taking Non-Banking Financial Companies (NBFCs)Please refer to our circular DNBS.PD/ CC. No. 86/ 03.02.089 /2006-07 dated December 12, 2006 in terms of which regulatory framework for systemically important non-deposit taking NBFCs was prescribed. The Non-Banking Financial Compan
RBI/2006-2007/265DNBS.PD/ CC. No. 89/03.05.002 /2006-07February 22, 2007All Non-Banking Financial Companies(including RNBCs)Dear Sir,Prudential Norms Directions – Deposit taking and Non-deposit taking Non-Banking Financial Companies (NBFCs)Please refer to our circular DNBS.PD/ CC. No. 86/ 03.02.089 /2006-07 dated December 12, 2006 in terms of which regulatory framework for systemically important non-deposit taking NBFCs was prescribed. The Non-Banking Financial Compan
Feb 21, 2007
Doorstep Banking - Section 23 of Banking Regulation Act, 1949
RBI/2006-2007/262DBOD.No.BL.BC. 59 /22.01.010 /2006-2007February 21, 2007Phalguna 2, 1928 (S)All Scheduled Commercial Banks(excluding RRBs)Dear SirSection 23 of Banking Regulation Act, 1949 – Doorstep BankingPlease refer to our circular DBOD.No.BL.BC.86/22.01.001/2004-2005 dated April 30, 2005 on the above subject, in terms of which banks were advised to formulate a scheme with the approval of their Boards, for providing services at the premises of a customer and subm
RBI/2006-2007/262DBOD.No.BL.BC. 59 /22.01.010 /2006-2007February 21, 2007Phalguna 2, 1928 (S)All Scheduled Commercial Banks(excluding RRBs)Dear SirSection 23 of Banking Regulation Act, 1949 – Doorstep BankingPlease refer to our circular DBOD.No.BL.BC.86/22.01.001/2004-2005 dated April 30, 2005 on the above subject, in terms of which banks were advised to formulate a scheme with the approval of their Boards, for providing services at the premises of a customer and subm
Feb 14, 2007
SCBs - CRR Increased
RBI/2006-2007/259 Ref: DBOD.No. Ret.BC. 58/12.01.001/2006-07 February 14, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular RBI/2006-2007/201/DBOD.No.Ret.BC.45/12.01.001/2006-07 dated December 11,2006 on the captioned subject. As set out in Press Release : 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio
RBI/2006-2007/259 Ref: DBOD.No. Ret.BC. 58/12.01.001/2006-07 February 14, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular RBI/2006-2007/201/DBOD.No.Ret.BC.45/12.01.001/2006-07 dated December 11,2006 on the captioned subject. As set out in Press Release : 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio
Feb 14, 2007
StCBs - CRR increased
RBI/2006-2007/257RPCD.CO.RF.BC 49 /07.02.01/2006-07 February 14, 2007All Scheduled State Co-operative Banks Dear Sir,Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRRPlease refer to our circular RPCD.CO.RF.BC.38/07.02.01/2006-2007 (RBI/2006-07/202) dated December 11, 2006 on the above subject. As set out in Press Release: 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio (CRR) of all Scheduled State Co-operat
RBI/2006-2007/257RPCD.CO.RF.BC 49 /07.02.01/2006-07 February 14, 2007All Scheduled State Co-operative Banks Dear Sir,Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRRPlease refer to our circular RPCD.CO.RF.BC.38/07.02.01/2006-2007 (RBI/2006-07/202) dated December 11, 2006 on the above subject. As set out in Press Release: 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio (CRR) of all Scheduled State Co-operat
Feb 14, 2007
RRBs - CRR Increased
RBI/2006-2007/260 RPCD.CO.RRB.BC 50/03.05.28(B)/2006-07 February 14, 2007 All Regional Rural Banks Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR-Regional Rural Banks (RRBs) Please refer to our circular RPCD.CO.RF.BC.38/07.02.01/2006-2007 (RBI/2006-07/202) dated December 11, 2006 on the above subject. As set out in Press Release: 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio (CRR) of all Regi
RBI/2006-2007/260 RPCD.CO.RRB.BC 50/03.05.28(B)/2006-07 February 14, 2007 All Regional Rural Banks Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR-Regional Rural Banks (RRBs) Please refer to our circular RPCD.CO.RF.BC.38/07.02.01/2006-2007 (RBI/2006-07/202) dated December 11, 2006 on the above subject. As set out in Press Release: 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio (CRR) of all Regi
Feb 12, 2007
Clean Note Policy - Sorting of banknotes
RBI/2006-2007/255 DCM (NPD) No. 5673/09.39.00/2006-07 February 12, 2007 The Chairman & Managing Director / Managing Director / Chief Executive Officer, All Banks having currency chests Dear Sir / Madam, Clean Note Policy – Sorting of banknotes In pursuance of the Bank's Clean Note Policy, the currency chest holding banks have been advised to automate the sorting of notes by installing Note Sorting Machines (NSM) at their currency chests. 2. It has been decided to
RBI/2006-2007/255 DCM (NPD) No. 5673/09.39.00/2006-07 February 12, 2007 The Chairman & Managing Director / Managing Director / Chief Executive Officer, All Banks having currency chests Dear Sir / Madam, Clean Note Policy – Sorting of banknotes In pursuance of the Bank's Clean Note Policy, the currency chest holding banks have been advised to automate the sorting of notes by installing Note Sorting Machines (NSM) at their currency chests. 2. It has been decided to
Feb 09, 2007
RRB - Interest Rate on NRE Deposits
RBI/2006-2007/254 RPCD.No.RRB.BC.48/03.05.33(C)/2006-07 February 9. 2007 All Regional Rural Banks Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 86 of the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31, 2007 (copy of the paragraph enclosed). 2. In this context, please refer to our circular RPCD.No.RRB.BC.76/ 03.05.33(C)/2005-06 dated April 19, 2006 on Interest Rates o
RBI/2006-2007/254 RPCD.No.RRB.BC.48/03.05.33(C)/2006-07 February 9. 2007 All Regional Rural Banks Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 86 of the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31, 2007 (copy of the paragraph enclosed). 2. In this context, please refer to our circular RPCD.No.RRB.BC.76/ 03.05.33(C)/2005-06 dated April 19, 2006 on Interest Rates o
Feb 08, 2007
Repayment of 8% Relief Bonds, 2002
RBI/2006-2007/256 Ref No DGBA.CDD.No.H -12229/13.04.137/ 2006 - 07 February 08, 2007 Magha19, 1928 (Saka) The General Manager State Bank of India & Associate Banks, 17 Nationalised Banks, HDFC Bank Ltd., ICICI Bank Ltd., IDBI Ltd., UTI Bank Ltd. & Stock Holding Corporation of India Ltd. Dear Sir, Repayment of 8% Relief Bonds, 2002 Please refer to our Loan Circular No 88 dated March 5, 2002 regarding issue of 8% Relief Bonds, 2002. The said bonds issued in term
RBI/2006-2007/256 Ref No DGBA.CDD.No.H -12229/13.04.137/ 2006 - 07 February 08, 2007 Magha19, 1928 (Saka) The General Manager State Bank of India & Associate Banks, 17 Nationalised Banks, HDFC Bank Ltd., ICICI Bank Ltd., IDBI Ltd., UTI Bank Ltd. & Stock Holding Corporation of India Ltd. Dear Sir, Repayment of 8% Relief Bonds, 2002 Please refer to our Loan Circular No 88 dated March 5, 2002 regarding issue of 8% Relief Bonds, 2002. The said bonds issued in term
Feb 06, 2007
StCBs/DCCBs - Interest Rates on NRE Deposits
RBI/2006-2007/249 RPCD.CO.RF.BC.No. 44/07.38.01/2006-07 February 6, 2007 @@NBSP@@ All State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to our Circular RPCD.CO.RF.BC No. 75/07.38.01/2005-06 dated April 19, 2006 on Interest Rates on NRE Rupee Deposits. In the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31
RBI/2006-2007/249 RPCD.CO.RF.BC.No. 44/07.38.01/2006-07 February 6, 2007 @@NBSP@@ All State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to our Circular RPCD.CO.RF.BC No. 75/07.38.01/2005-06 dated April 19, 2006 on Interest Rates on NRE Rupee Deposits. In the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31
Feb 06, 2007
Interest Rate on FCNR(B) Deposits
RBI/2006-2007/250 RPCD.CO.RF.BC.46/07.38.01/2006-07 February 6, 2007 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Interest Rate on FCNR(B) Deposits Please refer to our circular RPCD.CO.RF.BC 72/07.38.01/2005-06 dated March 31, 2006 on Interest Rate on FCNR(B) Deposits. In the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31, 2007 (extract of pa
RBI/2006-2007/250 RPCD.CO.RF.BC.46/07.38.01/2006-07 February 6, 2007 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Interest Rate on FCNR(B) Deposits Please refer to our circular RPCD.CO.RF.BC 72/07.38.01/2005-06 dated March 31, 2006 on Interest Rate on FCNR(B) Deposits. In the Third Quarter Review of the Annual Policy Statement for the year 2006-07, announced on January 31, 2007 (extract of pa
Feb 05, 2007
Issue of American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) - Depository Agreement
RBI/2006-2007/247 DBOD.No.PSBD. 7269/16.13.100 /2006-07 February 5, 2007 All scheduled commercial banks (excluding RRBs) Dear Sir, Issue of American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) – Depository Agreement In the recent past, some banks have raised funds through issue of American Depository/Global Depository Receipts. Under such a mechanism, banks issue shares to the depositories who in turn issue ADRs/GDRs to the ultimate investors. Banks g
RBI/2006-2007/247 DBOD.No.PSBD. 7269/16.13.100 /2006-07 February 5, 2007 All scheduled commercial banks (excluding RRBs) Dear Sir, Issue of American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) – Depository Agreement In the recent past, some banks have raised funds through issue of American Depository/Global Depository Receipts. Under such a mechanism, banks issue shares to the depositories who in turn issue ADRs/GDRs to the ultimate investors. Banks g
Feb 02, 2007
Report of the Working Group to formulate a scheme for ensuring reasonableness of bank charges
RBI/2006-2007/245 DBOD.No.Dir.BC. 56 /13.03.00/2006-2007 February 2, 2007All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Report of the Working Group to formulate a scheme for ensuring reasonableness of bank charges As banks may be aware, as announced in the Annual Policy Statement for the year 2006-2007, in order to ensure fair practices in banking services, Reserve Bank of India had constituted a Working Group to formulate a scheme for ensuring reasonablene
RBI/2006-2007/245 DBOD.No.Dir.BC. 56 /13.03.00/2006-2007 February 2, 2007All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Report of the Working Group to formulate a scheme for ensuring reasonableness of bank charges As banks may be aware, as announced in the Annual Policy Statement for the year 2006-2007, in order to ensure fair practices in banking services, Reserve Bank of India had constituted a Working Group to formulate a scheme for ensuring reasonablene
Jan 31, 2007
Third Quarter Review of the Annual Statement on Monetary Policy for the year 2006-07- Provisioning Requirement for Standard Assets and Risk Weights for Capital Adequacy
RBI/2006-2007/240 DBOD.No.BP.BC. 53 / 21.04.048 / 2006-2007 January 31, 2007 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Third Quarter Review of the Annual Statement on Monetary Policy for the year 2006-07- Provisioning Requirement for Standard Assets and Risk Weights for Capital Adequacy Please refer to paragraph 84 of the Third Quarter Review of the Annual Statement on Monetary Policy for the year 2006-07 issued on January 31, 2007 (copy of the paragra
RBI/2006-2007/240 DBOD.No.BP.BC. 53 / 21.04.048 / 2006-2007 January 31, 2007 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Third Quarter Review of the Annual Statement on Monetary Policy for the year 2006-07- Provisioning Requirement for Standard Assets and Risk Weights for Capital Adequacy Please refer to paragraph 84 of the Third Quarter Review of the Annual Statement on Monetary Policy for the year 2006-07 issued on January 31, 2007 (copy of the paragra
Jan 31, 2007
Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits
RBI/2006-2007/242 DBOD. No. Dir. BC.55/13.03.00/2006-07 January 31, 2007 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits Please refer to paragraph 86 of the Third Quarter Review of the Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.288/07.01.279/2006-07 dated January 31, 2007 (copy of the paragraph enclosed). 2.@@NBSP@@ Interest Rate on N
RBI/2006-2007/242 DBOD. No. Dir. BC.55/13.03.00/2006-07 January 31, 2007 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits Please refer to paragraph 86 of the Third Quarter Review of the Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.288/07.01.279/2006-07 dated January 31, 2007 (copy of the paragraph enclosed). 2.@@NBSP@@ Interest Rate on N
Jan 31, 2007
Liquidity Adjustment Facility - Repo and Reverse Repo Rates
RBI/2006-2007/238 FMD.No.11/01.01.01/2006-07 January 31, 2007 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates Please refer to paragraphs 93 and 94 of the ‘Third Quarter Review of Annual Statement on Monetary Policy for the year 2006-07’ dated January 31, 2007 and our circular FMD.No.10/01.01.01/2006-07 dated October 31, 2006. 2. In view of the current macroeconomic and overall mo
RBI/2006-2007/238 FMD.No.11/01.01.01/2006-07 January 31, 2007 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates Please refer to paragraphs 93 and 94 of the ‘Third Quarter Review of Annual Statement on Monetary Policy for the year 2006-07’ dated January 31, 2007 and our circular FMD.No.10/01.01.01/2006-07 dated October 31, 2006. 2. In view of the current macroeconomic and overall mo
Jan 31, 2007
Clean Note Policy - Stapling of Note Packets
RBI/2006-2007/241 RPCD.CO.RF.BC No.43/ 07.38.03/2006-07 January 31, 2007 All State Co-operative Banks/ District Central Co-operative Banks Dear Sir Clean Note Policy - Stapling of Note Packets It is observed that despite instructions issued by the Reserve bank of India, banks still continue to follow the practice of stapling of note packets. This practice, apart from damaging notes, reduces the life span of notes and renders it difficult for customers to open note pac
RBI/2006-2007/241 RPCD.CO.RF.BC No.43/ 07.38.03/2006-07 January 31, 2007 All State Co-operative Banks/ District Central Co-operative Banks Dear Sir Clean Note Policy - Stapling of Note Packets It is observed that despite instructions issued by the Reserve bank of India, banks still continue to follow the practice of stapling of note packets. This practice, apart from damaging notes, reduces the life span of notes and renders it difficult for customers to open note pac
Jan 31, 2007
Secondary Market Transactions in Government Securities - Short-selling
This circular has been superseded by Short Sale (Reserve Bank) Directions, 2018 dated July 25, 2018.RBI /2006-2007/243 IDMD.No /11.01.01(B) / 2006-07 January 31, 2007 All Scheduled Commercial Banks (except@@NBSP@@ RRBs) & Primary Dealers Dear Sirs, Secondary Market Transactions in Government Securities - Short-selling Please refer to our circular IDMD.No. 03/11.01.01 (B)/2005-06 dated February 28, 2006 in terms of which intra-day short sale in Central Government d
This circular has been superseded by Short Sale (Reserve Bank) Directions, 2018 dated July 25, 2018.RBI /2006-2007/243 IDMD.No /11.01.01(B) / 2006-07 January 31, 2007 All Scheduled Commercial Banks (except@@NBSP@@ RRBs) & Primary Dealers Dear Sirs, Secondary Market Transactions in Government Securities - Short-selling Please refer to our circular IDMD.No. 03/11.01.01 (B)/2005-06 dated February 28, 2006 in terms of which intra-day short sale in Central Government d
Jan 31, 2007
Standing Liquidity Facilities for Banks and Primary Dealers
RBI/2006-2007/239 REF.No.MPD.BC. 289/07.01.279/2006-07 January 31, 2007 To All Scheduled Banks [excluding Regional Rural Banks (RRBs)] and Primary Dealers Dear Sir, Standing Liquidity Facilities for Banks and Primary Dealers Please refer to Financial Markets Department Circular FMD. No. 11/01.01.01/ 2006-07 dated January 31, 2007 on Liquidity Adjustment Facility – Repo and Reverse Repo Rates. 2. The fixed repo rate under the LAF has been revised to 7.50 per cent with
RBI/2006-2007/239 REF.No.MPD.BC. 289/07.01.279/2006-07 January 31, 2007 To All Scheduled Banks [excluding Regional Rural Banks (RRBs)] and Primary Dealers Dear Sir, Standing Liquidity Facilities for Banks and Primary Dealers Please refer to Financial Markets Department Circular FMD. No. 11/01.01.01/ 2006-07 dated January 31, 2007 on Liquidity Adjustment Facility – Repo and Reverse Repo Rates. 2. The fixed repo rate under the LAF has been revised to 7.50 per cent with
Jan 29, 2007
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - “The Ganesh Bank of Kurundwad Ltd”
RBI/2006-2007/236 DBOD. Ret. BC No. 52/12.06.078/2006-07 January 29, 2007 All Scheduled Commercial Banks Dear Sirs, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - "The Ganesh Bank of Kurundwad Ltd" We advise that the name of "The Ganesh Bank of Kurundwad Ltd" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 21st October 2006, i.e. the date on which the relative notification DBOD. No. PSBD.
RBI/2006-2007/236 DBOD. Ret. BC No. 52/12.06.078/2006-07 January 29, 2007 All Scheduled Commercial Banks Dear Sirs, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - "The Ganesh Bank of Kurundwad Ltd" We advise that the name of "The Ganesh Bank of Kurundwad Ltd" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 21st October 2006, i.e. the date on which the relative notification DBOD. No. PSBD.
Jan 24, 2007
Delay in Remittance of Government Receipts - Delayed Period Interest
RBI/2006-2007/235 DGBA.GAD.No.H-11763 / 42.01.011 /2006-07 January 24, 2007 The Chairman & Managing Director/Managing Director State Bank of India and its Associates/ All Nationalised banks Dear Sir, Delay in Remittance of Government Receipts - Delayed Period Interest Please refer to our circulars RBI/2005/431 dated April 25, 2005 and RBI/2006/150 dated October 10, 2006 regarding permissible time limit for remittance of Government Revenues. 2. The existing procedu
RBI/2006-2007/235 DGBA.GAD.No.H-11763 / 42.01.011 /2006-07 January 24, 2007 The Chairman & Managing Director/Managing Director State Bank of India and its Associates/ All Nationalised banks Dear Sir, Delay in Remittance of Government Receipts - Delayed Period Interest Please refer to our circulars RBI/2005/431 dated April 25, 2005 and RBI/2006/150 dated October 10, 2006 regarding permissible time limit for remittance of Government Revenues. 2. The existing procedu
Jan 18, 2007
Assignment of Lead Bank Responsibility for New Districts in Assam
RBI/2006-2007/233 RPCD.CO.LBS.BC.No. 42 /02.08.01/2006-07 January 18, 2007 The Chairman All Lead Banks Dear Sir, Formation of new districts in Assam – Assignment of Lead Bank responsibility Government of Assam vide their Extraordinary Gazette Notification No. 228 dated October 30, 2003 have advised about the formation of three new districts viz. Udalguri, Chirang and Baksa District covering 827, 500 & 698 villages respectively out of the existing districts in the
RBI/2006-2007/233 RPCD.CO.LBS.BC.No. 42 /02.08.01/2006-07 January 18, 2007 The Chairman All Lead Banks Dear Sir, Formation of new districts in Assam – Assignment of Lead Bank responsibility Government of Assam vide their Extraordinary Gazette Notification No. 228 dated October 30, 2003 have advised about the formation of three new districts viz. Udalguri, Chirang and Baksa District covering 827, 500 & 698 villages respectively out of the existing districts in the
Jan 10, 2007
Assignment of Lead Bank for New District in Punjab
RBI/2006-2007/231 RPCD.CO.LBS.BC.No. 41/02.08.01/2006-07 January 10, 2007 The Chairman All Lead Banks Dear Sir, Formation of new district in Punjab – Assignment of Lead Bank responsibility The Department of Revenue and Rehabilitation, Government of Punjab vide their Gazette Notification No.1/5/06-RE-II(1)/12617 dated November 8, 2006 have advised about the formation of new district viz. Barnala covering Barnala Tehsil (130 villages), Tapa Sub-Tehsil (27 Villages) and
RBI/2006-2007/231 RPCD.CO.LBS.BC.No. 41/02.08.01/2006-07 January 10, 2007 The Chairman All Lead Banks Dear Sir, Formation of new district in Punjab – Assignment of Lead Bank responsibility The Department of Revenue and Rehabilitation, Government of Punjab vide their Gazette Notification No.1/5/06-RE-II(1)/12617 dated November 8, 2006 have advised about the formation of new district viz. Barnala covering Barnala Tehsil (130 villages), Tapa Sub-Tehsil (27 Villages) and
Jan 09, 2007
Banks' Exposure to Commodity Markets - Margin Requirements
RBI.No.2006-07/228 DBOD. Dir. BC.51/13.03.00/ 2006-07 January 9, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Banks' Exposure to Commodity Markets – Margin Requirements Please refer to paragraph 2.9 of our Master Circular No. DBOD. Dir. BC. 17/13.03.00/2006-07 dated July 1, 2006 on 'Guarantees and Co-acceptances' in terms of which banks may issue guarantees on behalf of share and stock brokers in favour of stock exchanges in lieu of margin requirement
RBI.No.2006-07/228 DBOD. Dir. BC.51/13.03.00/ 2006-07 January 9, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Banks' Exposure to Commodity Markets – Margin Requirements Please refer to paragraph 2.9 of our Master Circular No. DBOD. Dir. BC. 17/13.03.00/2006-07 dated July 1, 2006 on 'Guarantees and Co-acceptances' in terms of which banks may issue guarantees on behalf of share and stock brokers in favour of stock exchanges in lieu of margin requirement
Jan 04, 2007
Valuation of Properties - Empanelment of Valuers
RBI No.2006-2007/224 DBOD.BP.BC No. 50 / 21.04.018/ 2006-07 January 4, 2007 The Chairmen/Chief Executives All Commercial Banks (excluding RRBs) Dear Sir, Valuation of Properties - Empanelment of Valuers It has been observed that different banks follow different policies for valuation of properties and appointment of valuers for the purpose. The issue of correct and realistic valuation of fixed assets owned by banks and that accepted by them as collateral for a sizable
RBI No.2006-2007/224 DBOD.BP.BC No. 50 / 21.04.018/ 2006-07 January 4, 2007 The Chairmen/Chief Executives All Commercial Banks (excluding RRBs) Dear Sir, Valuation of Properties - Empanelment of Valuers It has been observed that different banks follow different policies for valuation of properties and appointment of valuers for the purpose. The issue of correct and realistic valuation of fixed assets owned by banks and that accepted by them as collateral for a sizable
Jan 04, 2007
Cover for public deposits - creation of floating charge on Liquid Assets
RBI/2006-07/225 DNBS (PD) C.C No. 87 /03.02.004/2006-07 January 4, 2007. To All deposit taking Non- Banking Financial Companies (Excluding Residuary Non-Banking Companies) Dear Sir, Cover for public deposits – creation of floating charge on Liquid Assets Please refer to our circular DNBS (PD) C.C No. 47/02.01/ 2004-05 dated February 07, 2005 on the captioned subject. In terms of paragraph 3 of the said circular, all NBFCs accepting/ holding public deposits were advise
RBI/2006-07/225 DNBS (PD) C.C No. 87 /03.02.004/2006-07 January 4, 2007. To All deposit taking Non- Banking Financial Companies (Excluding Residuary Non-Banking Companies) Dear Sir, Cover for public deposits – creation of floating charge on Liquid Assets Please refer to our circular DNBS (PD) C.C No. 47/02.01/ 2004-05 dated February 07, 2005 on the captioned subject. In terms of paragraph 3 of the said circular, all NBFCs accepting/ holding public deposits were advise
Jan 04, 2007
Submission of returns by Mutual Benefit Financial Companies (MBFCs) and Mutual Benefit Companies (MBCs)
RBI / 2006-2007/226 DNBS (PD) CC. No. 88 / 03.02.21 / 2006-07 January 04, 2007 To, Mutual Benefit Financial Companies (Nidhis) and Mutual Benefit Companies (Potential Nidhis) Dear Sirs, Submission of returns by Mutual Benefit Financial Companies (MBFCs) and Mutual Benefit Companies (MBCs) As you are aware, the Ministry of Company Affairs has taken over the entire regulation of Mutual Benefit Financial Companies (Notified Nidhis) and Mutual Benefit Companies (Potential
RBI / 2006-2007/226 DNBS (PD) CC. No. 88 / 03.02.21 / 2006-07 January 04, 2007 To, Mutual Benefit Financial Companies (Nidhis) and Mutual Benefit Companies (Potential Nidhis) Dear Sirs, Submission of returns by Mutual Benefit Financial Companies (MBFCs) and Mutual Benefit Companies (MBCs) As you are aware, the Ministry of Company Affairs has taken over the entire regulation of Mutual Benefit Financial Companies (Notified Nidhis) and Mutual Benefit Companies (Potential
Jan 03, 2007
Installation of Coin Vending Machines
RBI 2006-2007/223DCM(Plg)No.G.11/ 10.87.07/2006-07January 3, 2007The Chairman/Managing Director/CMDs/Chief Executive OfficerState Bank of IndiaAssociate Banks, Nationalised Banks, Private Sector Banks(As per list)Dear Sir / Madam,Installation of Coin Vending MachinesAs you are aware, the Reserve Bank has been taking measures to ensure that adequate number of banknotes and coins are put in circulation so as to cater to the needs of people over a huge geographical area.
RBI 2006-2007/223DCM(Plg)No.G.11/ 10.87.07/2006-07January 3, 2007The Chairman/Managing Director/CMDs/Chief Executive OfficerState Bank of IndiaAssociate Banks, Nationalised Banks, Private Sector Banks(As per list)Dear Sir / Madam,Installation of Coin Vending MachinesAs you are aware, the Reserve Bank has been taking measures to ensure that adequate number of banknotes and coins are put in circulation so as to cater to the needs of people over a huge geographical area.
Dec 26, 2006
Cheque drop Facility-RRBs
RBI/2006-07/220 RPCD.CO.RRB.BC NO./ 39/03.05.33(E)/2006-07 December 26, 2006 ToAll Regional Rural Banks (RRBs)Dear Sir,Cheque Drop Box Facility and the facility for acknowledgement of cheques.Reserve Bank of India / Banking Ombudsmen have been receiving complaints that many bank branches are not accepting cheques at the counters and are compelling the customers to drop the cheques in the Cheque Drop Box. 2. It is, therefore, advised that customers should not be compel
RBI/2006-07/220 RPCD.CO.RRB.BC NO./ 39/03.05.33(E)/2006-07 December 26, 2006 ToAll Regional Rural Banks (RRBs)Dear Sir,Cheque Drop Box Facility and the facility for acknowledgement of cheques.Reserve Bank of India / Banking Ombudsmen have been receiving complaints that many bank branches are not accepting cheques at the counters and are compelling the customers to drop the cheques in the Cheque Drop Box. 2. It is, therefore, advised that customers should not be compel
Dec 26, 2006
Cheque Drop Box Facility and the facility for acknowledgement of cheques
RBI/2006-07/221 RPCD.CO.RF.BC.NO./40/07.40.06/2006-07 December 26, 2006The Chairmen/ CEOs of all State/Central Co-operative BanksDear Sir, Cheque Drop Box Facility and the facility for acknowledgement of cheques. Reserve Bank of India / Banking Ombudsmen have been receiving complaints that many bank branches are not accepting cheques at the counters and are compelling the customers to drop the cheques in the Cheque Drop Box. 2. It is, therefore, advised that customers
RBI/2006-07/221 RPCD.CO.RF.BC.NO./40/07.40.06/2006-07 December 26, 2006The Chairmen/ CEOs of all State/Central Co-operative BanksDear Sir, Cheque Drop Box Facility and the facility for acknowledgement of cheques. Reserve Bank of India / Banking Ombudsmen have been receiving complaints that many bank branches are not accepting cheques at the counters and are compelling the customers to drop the cheques in the Cheque Drop Box. 2. It is, therefore, advised that customers
Dec 22, 2006
NRIs and PIOs as Nominees under Senior Citizens Savings Scheme, 2004- Clarification
RBI/ 2006-2007/217 Ref. No. DGBA.CDD. No. H- 10024 / 15.15.001 / 2006-07 December 22, 2006 The General Manager Government Accounts Department, Head Office State Bank of India / State Bank of Indore / State Bank of Patiala State Bank of Bikaner & Jaipur / State Bank of Saurashtra State Bank of Travancore / State Bank of Hyderabad / State Bank of Mysore Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/ Canara Bank / Central Bank of India / Corpo
RBI/ 2006-2007/217 Ref. No. DGBA.CDD. No. H- 10024 / 15.15.001 / 2006-07 December 22, 2006 The General Manager Government Accounts Department, Head Office State Bank of India / State Bank of Indore / State Bank of Patiala State Bank of Bikaner & Jaipur / State Bank of Saurashtra State Bank of Travancore / State Bank of Hyderabad / State Bank of Mysore Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/ Canara Bank / Central Bank of India / Corpo
Dec 18, 2006
Cheque Drop Box Facility and the facility for acknowledgement of cheques
RBI /2006-2007/214 DBOD.No.Leg.BC. 49 /09.07.005/2006-07December 18, 2006To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Cheque Drop Box Facility and the facility for acknowledgement of cheques Please refer to our Circular DBOD.No.Leg.BC.74/09.07.005/2003-04 dated April 10, 2004 wherein banks were advised that both the drop box facility and the facility for acknowledgement of the cheques at the regular collection counters should be available to customers a
RBI /2006-2007/214 DBOD.No.Leg.BC. 49 /09.07.005/2006-07December 18, 2006To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Cheque Drop Box Facility and the facility for acknowledgement of cheques Please refer to our Circular DBOD.No.Leg.BC.74/09.07.005/2003-04 dated April 10, 2004 wherein banks were advised that both the drop box facility and the facility for acknowledgement of the cheques at the regular collection counters should be available to customers a
Dec 18, 2006
Review of circulars issued to Public Sector Banks (PSBs)
RBI/2006-2007/213 DBOD.No.Inf. BC. 48 /11.01.009/2006-07 December 18, 2006 To The Chairmen & Managing Directors of all Public Sector Banks Dear Sir, Review of circulars issued to Public Sector Banks (PSBs) In the light of changes that have taken place in the banking scenario, it was observed that certain circulars issued to Public Sector Banks (PSBs) during the period from January, 1991 to June, 2004 on operational matters like recovery of NPA dues, housekeeping,
RBI/2006-2007/213 DBOD.No.Inf. BC. 48 /11.01.009/2006-07 December 18, 2006 To The Chairmen & Managing Directors of all Public Sector Banks Dear Sir, Review of circulars issued to Public Sector Banks (PSBs) In the light of changes that have taken place in the banking scenario, it was observed that certain circulars issued to Public Sector Banks (PSBs) during the period from January, 1991 to June, 2004 on operational matters like recovery of NPA dues, housekeeping,
Dec 18, 2006
Senior Citizens Savings Scheme, 2004 - Payment of interest in case of Pre-mature withdrawal- Clarification
RBI/ 2006-07/211 Ref. No. DGBA.CDD. No. H- 9741 / 15.15.001 / 2006-07December 18, 2006 The General Manager Government Accounts Department, Head Office State Bank of India / State Bank of Indore / State Bank of Patiala State Bank of Bikaner & Jaipur / State Bank of Saurashtra State Bank of Travancore / State Bank of Hyderabad / State Bank of Mysore Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/ Canara Bank / Central Bank of India / Corporati
RBI/ 2006-07/211 Ref. No. DGBA.CDD. No. H- 9741 / 15.15.001 / 2006-07December 18, 2006 The General Manager Government Accounts Department, Head Office State Bank of India / State Bank of Indore / State Bank of Patiala State Bank of Bikaner & Jaipur / State Bank of Saurashtra State Bank of Travancore / State Bank of Hyderabad / State Bank of Mysore Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/ Canara Bank / Central Bank of India / Corporati
Dec 18, 2006
Special Deposit Scheme 1975 - Payment of interest for the calendar year 2006
RBI/ 2006-07/212 Ref. No. DGBA.CDD. No. H- 9743 / 15.01.001 / 2006-07 December 18, 2006 The Chairman & Managing Director Government Accounts Department, Central Office State Bank of India / State Bank of Indore / State Bank of Patiala State Bank of Bikaner & Jaipur / State Bank of Saurashtra State Bank of Travancore / State Bank of Hyderabad / State Bank of Mysore Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/ Canara Bank / Central Bank
RBI/ 2006-07/212 Ref. No. DGBA.CDD. No. H- 9743 / 15.01.001 / 2006-07 December 18, 2006 The Chairman & Managing Director Government Accounts Department, Central Office State Bank of India / State Bank of Indore / State Bank of Patiala State Bank of Bikaner & Jaipur / State Bank of Saurashtra State Bank of Travancore / State Bank of Hyderabad / State Bank of Mysore Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/ Canara Bank / Central Bank
Dec 15, 2006
Banks’ exposure to Capital Markets - Rationalization of Norms
RBI/2006-2007/210 DBOD. No. Dir. BC. 47/13.07.05/2006-2007 December 15, 2006 Agrahayana 24, 1928 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Banks’ exposure to Capital Markets – Rationalization of Norms It was announced in the Mid-Term Review of Annual Policy Statement for the year 2005-2006 that the prudential capital market exposure norms prescribed for banks would be rationalized in terms of base and coverage so as to: i) restrict a bank’s aggr
RBI/2006-2007/210 DBOD. No. Dir. BC. 47/13.07.05/2006-2007 December 15, 2006 Agrahayana 24, 1928 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Banks’ exposure to Capital Markets – Rationalization of Norms It was announced in the Mid-Term Review of Annual Policy Statement for the year 2005-2006 that the prudential capital market exposure norms prescribed for banks would be rationalized in terms of base and coverage so as to: i) restrict a bank’s aggr
Dec 12, 2006
Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them - For Banks
RBI/2006-07/205 DBOD. No. FSD. BC.46 / 24.01.028/ 2006-07 December 12, 2006 @@NBSP@@ All Scheduled Commercial Banks (excluding RRBs) @@NBSP@@ Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 enclosed to Governor’s letter MPD.BC.286/ 07.01.279/ 2006-07 dated October 31, 2006 (Copy of the paragraph enclosed as Annex). 2. No
RBI/2006-07/205 DBOD. No. FSD. BC.46 / 24.01.028/ 2006-07 December 12, 2006 @@NBSP@@ All Scheduled Commercial Banks (excluding RRBs) @@NBSP@@ Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 enclosed to Governor’s letter MPD.BC.286/ 07.01.279/ 2006-07 dated October 31, 2006 (Copy of the paragraph enclosed as Annex). 2. No
Dec 12, 2006
Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them - for NBFCs’
RBI/2006-07/204 DNBS.PD/ CC.No. 86/ 03.02.089 /2006-07 December 12, 2006 All Non-Banking Financial Companies (deposit taking and non-deposit taking) Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 (copy of the paragraph is enclosed as Annex). 2. Non Banking Financial Companies (NBFCs) play a crucial role in broadening ac
RBI/2006-07/204 DNBS.PD/ CC.No. 86/ 03.02.089 /2006-07 December 12, 2006 All Non-Banking Financial Companies (deposit taking and non-deposit taking) Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 (copy of the paragraph is enclosed as Annex). 2. Non Banking Financial Companies (NBFCs) play a crucial role in broadening ac
Dec 11, 2006
Increase in CRR
RBI/2006-2007/201 Ref: DBOD.No. Ret.BC. 45/12.01.001/2006-07 December 11, 2006 To All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular RBI/2005-2006/422 DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject. On review of current macroeconomic and monetary conditions, it has been decided to increase cash reserve ratio (CRR)
RBI/2006-2007/201 Ref: DBOD.No. Ret.BC. 45/12.01.001/2006-07 December 11, 2006 To All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular RBI/2005-2006/422 DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject. On review of current macroeconomic and monetary conditions, it has been decided to increase cash reserve ratio (CRR)
Dec 11, 2006
Draft Comprehensive Guidelines on Derivatives
DBOD.No. BP. 741 /21.04.157/2006-07 December 11, 2006 Chairmen / Chief Executive Officers All Commercial Banks (excluding RRBs), All India term-lending and Refinancing Institutions (Exim Bank, IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) and Primary Dealers Dear Sir, Draft Comprehensive Guidelines on Derivatives As indicated in paragraph 137 of the Mid-term Review of Annual Policy for the Year 2006-07 an Internal Group was constituted by the Reserve Bank to
DBOD.No. BP. 741 /21.04.157/2006-07 December 11, 2006 Chairmen / Chief Executive Officers All Commercial Banks (excluding RRBs), All India term-lending and Refinancing Institutions (Exim Bank, IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) and Primary Dealers Dear Sir, Draft Comprehensive Guidelines on Derivatives As indicated in paragraph 137 of the Mid-term Review of Annual Policy for the Year 2006-07 an Internal Group was constituted by the Reserve Bank to
Dec 11, 2006
StCBs/RRBs - Increase in CRR
RBI/2006-07/202 RPCD.CO.RF.BC 38/07.02.01/2006-07 December 11, 2006 All Scheduled State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our circular RPCD.RF.BC. 93/07.02.01/2005-2006@@NBSP@@ (RBI/2005-06/424) dated June 22, 2006 on the above subject. On review of current macroeconomic and monetary conditions, it has been decided to increase Cash Reserve Ratio (C
RBI/2006-07/202 RPCD.CO.RF.BC 38/07.02.01/2006-07 December 11, 2006 All Scheduled State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our circular RPCD.RF.BC. 93/07.02.01/2005-2006@@NBSP@@ (RBI/2005-06/424) dated June 22, 2006 on the above subject. On review of current macroeconomic and monetary conditions, it has been decided to increase Cash Reserve Ratio (C
Dec 06, 2006
Re-classification of NBFCs
RBI / 2006-07/200 DNBS.PD. CC No. 85 / 03.02.089 /2006-07 December 06, 2006 All Non-Banking Financial Companies excluding Residuary Non-Banking Companies Dear Sir, Mid-Term Review of the Annual Policy 2006-07 Please refer to paragraph 154 of the captioned policy. A request was received from the representatives of the NBFC sector to provide a separate classification for NBFCs engaged in financing tangible assets. Companies engaged in financing real/physical assets supp
RBI / 2006-07/200 DNBS.PD. CC No. 85 / 03.02.089 /2006-07 December 06, 2006 All Non-Banking Financial Companies excluding Residuary Non-Banking Companies Dear Sir, Mid-Term Review of the Annual Policy 2006-07 Please refer to paragraph 154 of the captioned policy. A request was received from the representatives of the NBFC sector to provide a separate classification for NBFCs engaged in financing tangible assets. Companies engaged in financing real/physical assets supp
Dec 04, 2006
Issue of Co-branded Credit Cards
RBI/2006-07/196 DNBS (PD) CC No. 83 / 03.10.27 / 2006-07 December 04, 2006 To, All Non-Banking Financial Companies (NBFCs) Including Residuary Non- Banking Companies (RNBCs) Dear Sirs, Issue of Co-branded Credit Cards Please refer to paragraph No. 153 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 (copy enclosed) announced by the Governor on October 31, 2006. 2. In order to strengthen the NBFC sector by allowing diversification of their area of
RBI/2006-07/196 DNBS (PD) CC No. 83 / 03.10.27 / 2006-07 December 04, 2006 To, All Non-Banking Financial Companies (NBFCs) Including Residuary Non- Banking Companies (RNBCs) Dear Sirs, Issue of Co-branded Credit Cards Please refer to paragraph No. 153 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 (copy enclosed) announced by the Governor on October 31, 2006. 2. In order to strengthen the NBFC sector by allowing diversification of their area of
Dec 04, 2006
Draft Circular on Safe Deposit Lockers
RBI/2006-07/198 DBOD.No.Leg 5049 /09.07.005/2006-07 December 4, 2006 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles by banks. It is proposed to issue fresh instructions to banks regarding extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles in
RBI/2006-07/198 DBOD.No.Leg 5049 /09.07.005/2006-07 December 4, 2006 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles by banks. It is proposed to issue fresh instructions to banks regarding extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles in
Dec 04, 2006
Distribution of Mutual Fund products by NBFCs
RBI/2006-07/195 DNBS (PD) CC No. 84 / 03.10.27 / 2006-07 December 4, 2006 To, All Non-Banking Financial Companies (NBFCs) Including Residuary Non- Banking Companies (RNBCs) Dear Sirs, Distribution of Mutual Fund products by NBFCs Please refer to paragraph No. 153 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 (copy enclosed) announced by the Governor on October 31, 2006. 2. In order to strengthen the NBFC sector by allowing diversification in t
RBI/2006-07/195 DNBS (PD) CC No. 84 / 03.10.27 / 2006-07 December 4, 2006 To, All Non-Banking Financial Companies (NBFCs) Including Residuary Non- Banking Companies (RNBCs) Dear Sirs, Distribution of Mutual Fund products by NBFCs Please refer to paragraph No. 153 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 (copy enclosed) announced by the Governor on October 31, 2006. 2. In order to strengthen the NBFC sector by allowing diversification in t
Dec 04, 2006
Issue of Co-branded Credit Cards
RBI/2006-07/196 DNBS (PD) CC No. 83 / 03.10.27 / 2006-07 December 04, 2006 To, All Non-Banking Financial Companies (NBFCs) Including Residuary Non- Banking Companies (RNBCs) Dear Sirs, Issue of Co-branded Credit Cards Please refer to paragraph No. 153 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 (copy enclosed) announced by the Governor on October 31, 2006. 2. In order to strengthen the NBFC sector by allowing diversification of their area of
RBI/2006-07/196 DNBS (PD) CC No. 83 / 03.10.27 / 2006-07 December 04, 2006 To, All Non-Banking Financial Companies (NBFCs) Including Residuary Non- Banking Companies (RNBCs) Dear Sirs, Issue of Co-branded Credit Cards Please refer to paragraph No. 153 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 (copy enclosed) announced by the Governor on October 31, 2006. 2. In order to strengthen the NBFC sector by allowing diversification of their area of
Nov 30, 2006
Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them
November 30, 2006 DBOD. No. FSD. 5046 / 24.01.028/ 2006-07 All Scheduled Commercial Banks (excluding RRBs) and All NBFCs (deposit taking and non-deposit taking) @@NBSP@@ Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07enclosed to Governor’s letter MPD.BC.286/ 07.01.279/ 2006-07 dated October 31, 2006 (Copy of the paragrap
November 30, 2006 DBOD. No. FSD. 5046 / 24.01.028/ 2006-07 All Scheduled Commercial Banks (excluding RRBs) and All NBFCs (deposit taking and non-deposit taking) @@NBSP@@ Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07enclosed to Governor’s letter MPD.BC.286/ 07.01.279/ 2006-07 dated October 31, 2006 (Copy of the paragrap
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