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Oct 27, 1999
A.D. (M.A. Series) Circular No.31 (October 23, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001October 23, 1999A.D. (M.A. Series) Circular No.31To All Authorised dealers in foreign exchangeDear Sirs,Amendments to Exchange Control Manual (ECM) and Memorandum LIM It has been decided to amend/modify the Exchange Control regulations as stated in the following paragraphs.1. SIR and MAP Statements In terms of paragraphs 5B.1(iii) and 5B.9(iii) of ECM, Head/Principal offices of authorised deal
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001October 23, 1999A.D. (M.A. Series) Circular No.31To All Authorised dealers in foreign exchangeDear Sirs,Amendments to Exchange Control Manual (ECM) and Memorandum LIM It has been decided to amend/modify the Exchange Control regulations as stated in the following paragraphs.1. SIR and MAP Statements In terms of paragraphs 5B.1(iii) and 5B.9(iii) of ECM, Head/Principal offices of authorised deal
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Oct 25, 1999
Year 2000 (Y2K) Issues Setting up of Event Management Centres (EMC) and Transition Arrangements
RESERVE BANK OF INDIADepartment of Banking Supervision, Y2K Project CellCentral Office, Centre 1, Cuffe Parade, Colaba, Mumbai,400005Fax: 022 2180157, 2160932 Telephone 2189131to 2189139Telex 011 86135 RBI INRef DBS. No. Y2K.BC/ 12 /35.01.00/99-2000October 18, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:Year 2000 (Y2K) Issues Setting up of Event Management Centres (EMC) and Transition ArrangementsThe feedback received from commer
RESERVE BANK OF INDIADepartment of Banking Supervision, Y2K Project CellCentral Office, Centre 1, Cuffe Parade, Colaba, Mumbai,400005Fax: 022 2180157, 2160932 Telephone 2189131to 2189139Telex 011 86135 RBI INRef DBS. No. Y2K.BC/ 12 /35.01.00/99-2000October 18, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:Year 2000 (Y2K) Issues Setting up of Event Management Centres (EMC) and Transition ArrangementsThe feedback received from commer
Oct 21, 1999
Risk Management Systems in Banks
IntroductionBanks in the process of financial intermediation are confronted with various kinds of financial and non-financial risks viz., credit, interest rate, foreign exchange rate, liquidity, equity price, commodity price, legal, regulatory, reputational, operational, etc. These risks are highly interdependent and events that affect one area of risk can have ramifications for a range of other risk categories. Thus, top management of banks should attach considerable
IntroductionBanks in the process of financial intermediation are confronted with various kinds of financial and non-financial risks viz., credit, interest rate, foreign exchange rate, liquidity, equity price, commodity price, legal, regulatory, reputational, operational, etc. These risks are highly interdependent and events that affect one area of risk can have ramifications for a range of other risk categories. Thus, top management of banks should attach considerable
Oct 20, 1999
A.D.(M.A. Series) Circular No.29 (October 12, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001. October 12, 1999 A.D.(M.A. Series) Circular No.29 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the Exchange Control Regulations as set out in the following paragraphs : 1. Issue of Rights/Bonus Shares to Non-Residents In terms of paragraph 10B.3 of Exchange Control Manual, Indian companies are requ
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001. October 12, 1999 A.D.(M.A. Series) Circular No.29 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the Exchange Control Regulations as set out in the following paragraphs : 1. Issue of Rights/Bonus Shares to Non-Residents In terms of paragraph 10B.3 of Exchange Control Manual, Indian companies are requ
Oct 20, 1999
A.D. (G.P. Series) Circular No.12 (September 29, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001September 29, 1999A.D. (G.P. Series) Circular No.12 To All Authorised Dealers in Foreign ExchangeDear Sirs,Clearance of Project Export Proposals In terms of paragraphs B.6(i)(A)(a) and B.7(i) of the Memorandum PEM, authorised dealers are required to forward copies of their pre-bid/post-award approvals in respect of project export proposals cleared by them to the members of the Working Group an
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001September 29, 1999A.D. (G.P. Series) Circular No.12 To All Authorised Dealers in Foreign ExchangeDear Sirs,Clearance of Project Export Proposals In terms of paragraphs B.6(i)(A)(a) and B.7(i) of the Memorandum PEM, authorised dealers are required to forward copies of their pre-bid/post-award approvals in respect of project export proposals cleared by them to the members of the Working Group an
Oct 20, 1999
A.D. (G.P. Series) Circular No.13 (October 9, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001October 9, 1999A.D. (G.P. Series) Circular No.13 ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Export of goods and services against repayment ofState Credits granted by erstwhile Soviet Union Attention of authorised dealers is drawn to Annexure I to A.D.(G.P. Series) Circular No.4 dated 19th May 1999, which contains the names of Nominated banks in India for handling matters relating to
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001October 9, 1999A.D. (G.P. Series) Circular No.13 ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Export of goods and services against repayment ofState Credits granted by erstwhile Soviet Union Attention of authorised dealers is drawn to Annexure I to A.D.(G.P. Series) Circular No.4 dated 19th May 1999, which contains the names of Nominated banks in India for handling matters relating to
Oct 07, 1999
Collateralised Lending Facility
REF : No.MPD.918/03.02.01/99-2000October 6 , 1999Ashwina 14, 1921(S)To : All Scheduled Commercial BanksDear Sirs,Collateralised Lending Facility Please refer to item No.(ii) of our letter No.MPD.2767/03.02.01/98-99 dated April 20, 1999. At present, Collateralised Lending Facility (CLF) and Additional Collateralised Lending Facility (ACLF) are provided to scheduled commercial banks for two blocks of two weeks each. At the end of four weeks period, there is a cooling pe
REF : No.MPD.918/03.02.01/99-2000October 6 , 1999Ashwina 14, 1921(S)To : All Scheduled Commercial BanksDear Sirs,Collateralised Lending Facility Please refer to item No.(ii) of our letter No.MPD.2767/03.02.01/98-99 dated April 20, 1999. At present, Collateralised Lending Facility (CLF) and Additional Collateralised Lending Facility (ACLF) are provided to scheduled commercial banks for two blocks of two weeks each. At the end of four weeks period, there is a cooling pe
Oct 05, 1999
Department of External Investments and Operations
Gold Deposit Scheme (GDS)
Gold Deposit Scheme (GDS)
Introduction With a view to mobilising a portion of the privately held stock of gold in the country and putting it to productive use, the Finance Minister had announced the introduction of a Gold Deposit Scheme in the budget for 1999-2000. The Scheme seeks to provide depositors the opportunity to earn interest on their idle gold holdings along with the benefits of safety and security of holding gold without any cost.Enabling notifications issued by Government of India
Introduction With a view to mobilising a portion of the privately held stock of gold in the country and putting it to productive use, the Finance Minister had announced the introduction of a Gold Deposit Scheme in the budget for 1999-2000. The Scheme seeks to provide depositors the opportunity to earn interest on their idle gold holdings along with the benefits of safety and security of holding gold without any cost.Enabling notifications issued by Government of India
Oct 05, 1999
Gold Deposit Scheme - Notifications
IBS.BC. 95 /23.67.001/99-2000October 5, 1999NOTIFICATIONIn terms of powers conferred by sub-section (7) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), Reserve Bank of India hereby exempts authorised scheduled commercial banks participating in the Gold Deposit Scheme from maintenance of average Cash Reserve Ratio (CRR) prescribed under Section 42 (1) of the Reserve Bank of India Act, 1934 on their liabilities under gold deposits mobilised in India.2.
IBS.BC. 95 /23.67.001/99-2000October 5, 1999NOTIFICATIONIn terms of powers conferred by sub-section (7) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), Reserve Bank of India hereby exempts authorised scheduled commercial banks participating in the Gold Deposit Scheme from maintenance of average Cash Reserve Ratio (CRR) prescribed under Section 42 (1) of the Reserve Bank of India Act, 1934 on their liabilities under gold deposits mobilised in India.2.
Sep 29, 1999
India's Balance of Payments
(Rs. Crore)(US $ mn.)April _ June 1999@@NBSP@@April _ June 1999@@NBSP@@ItemCreditDebitNetCreditDebitNet-I.Merchandise34937.652659.9-17722.3814812282-4134II.Invisibles [a+b+c]25575.818234.97340.9596442531711 a) Services [i..v]11564.212755.6-1191.426972975-278 i) Travel2877.52384.1493.4671556115ii) Transportation1546.62238.3-691.7361522-161iii) Insurance200.2114.186.1472720iv) G.n.i.e.661.930.3631.61547147v) Miscellaneous6278.07988.8-1710.814641863-399 b)Transfers [i+ii
(Rs. Crore)(US $ mn.)April _ June 1999@@NBSP@@April _ June 1999@@NBSP@@ItemCreditDebitNetCreditDebitNet-I.Merchandise34937.652659.9-17722.3814812282-4134II.Invisibles [a+b+c]25575.818234.97340.9596442531711 a) Services [i..v]11564.212755.6-1191.426972975-278 i) Travel2877.52384.1493.4671556115ii) Transportation1546.62238.3-691.7361522-161iii) Insurance200.2114.186.1472720iv) G.n.i.e.661.930.3631.61547147v) Miscellaneous6278.07988.8-1710.814641863-399 b)Transfers [i+ii
Sep 18, 1999
Year 2000 (Y2K) Issues - Contingency Planning
Circular: Ref DBS.Y2K.BC/8/35.01.00/1999-2000 dated September 17, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:In terms of our Circular DBS.No.Y2K.BC/42/35.01.00/98-99 dated December 1, 1998 and DBS.No.Y2K.BC/47/35.01.00/98-99 dated February 27, 1999 banks and financial institutions were advised to attach high priority to the development, validation and implementation of Contingency Plans as an integral part of their Year 2000 progr
Circular: Ref DBS.Y2K.BC/8/35.01.00/1999-2000 dated September 17, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:In terms of our Circular DBS.No.Y2K.BC/42/35.01.00/98-99 dated December 1, 1998 and DBS.No.Y2K.BC/47/35.01.00/98-99 dated February 27, 1999 banks and financial institutions were advised to attach high priority to the development, validation and implementation of Contingency Plans as an integral part of their Year 2000 progr
Sep 02, 1999
A.D.(M.A.Series) Circular No.27 (August 31, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400001 A.D.(M.A.Series) Circular No.27 August 31, 1999 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as stated in the following paragraphs. 1. Imports through courier - submission of documentary evidence of import In terms of paragraph 7A.23 of Exchange Control Manual (ECM), auth
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400001 A.D.(M.A.Series) Circular No.27 August 31, 1999 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as stated in the following paragraphs. 1. Imports through courier - submission of documentary evidence of import In terms of paragraph 7A.23 of Exchange Control Manual (ECM), auth
Aug 31, 1999
A.D.(M.A. Series) Circular No.26 (August 30, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(M.A. Series) Circular No.26 August 30, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Release of Exchange to Students for Studies AbroadWith a view to simplifying the procedure for release of exchange to students for studies abroad it has been decided to amend /modify the Exchange Control regulations as set out in following paragraphs.1. Sale of ExchangeIn terms of paragraph 8
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(M.A. Series) Circular No.26 August 30, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Release of Exchange to Students for Studies AbroadWith a view to simplifying the procedure for release of exchange to students for studies abroad it has been decided to amend /modify the Exchange Control regulations as set out in following paragraphs.1. Sale of ExchangeIn terms of paragraph 8
Aug 18, 1999
A.D. (G.P.Series) Circular No.4 (May 19, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001.May 19, 1999A.D. (G.P.Series) Circular No.4To, All Authorised Dealers in Foreign Exchange.Dear Sirs,Export of goods and services against repaymentof state credits granted by erstwhile Soviet Union Attention of authorised dealers is drawn to paragraph 2(i) to (iv) of AD(MA Series) circular No.30 dated 28th September 1993, wherein the procedure for exports to be settled against repayment of Sta
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001.May 19, 1999A.D. (G.P.Series) Circular No.4To, All Authorised Dealers in Foreign Exchange.Dear Sirs,Export of goods and services against repaymentof state credits granted by erstwhile Soviet Union Attention of authorised dealers is drawn to paragraph 2(i) to (iv) of AD(MA Series) circular No.30 dated 28th September 1993, wherein the procedure for exports to be settled against repayment of Sta
Aug 18, 1999
A.D.(G.P. Series) Circular No.11 (August 7, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001August 7, 1999A.D.(G.P. Series) Circular No.11To All Authorised Dealers in Foreign Exchange@@NBSP@@Dear Sirs,Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Governments of Indiaand erstwhile USSR@@NBSP@@ Attention of authorised dealers is invited to A.D.(G.P. Series) Circular No.7 dated 19th June 1999 wherein the rupee value of the special currency basket e
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001August 7, 1999A.D.(G.P. Series) Circular No.11To All Authorised Dealers in Foreign Exchange@@NBSP@@Dear Sirs,Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Governments of Indiaand erstwhile USSR@@NBSP@@ Attention of authorised dealers is invited to A.D.(G.P. Series) Circular No.7 dated 19th June 1999 wherein the rupee value of the special currency basket e
Aug 04, 1999
A.D.(G.P.Series) Circular No.8 (June 19, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001@@NBSP@@June 19, 1999A.D.(G.P.Series) Circular No.8To All Authorised Dealers in Foreign ExchangeDear Sirs,Electronic Data Inter-change (EDI) System for clearance of imported cargo through Customs office In terms of paragraph 7A.20 of Exchange Control Manual, it is obligatory on the part of importers, to submit to the authorised dealer, through whom the relative remittance was made, Exchange Co
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001@@NBSP@@June 19, 1999A.D.(G.P.Series) Circular No.8To All Authorised Dealers in Foreign ExchangeDear Sirs,Electronic Data Inter-change (EDI) System for clearance of imported cargo through Customs office In terms of paragraph 7A.20 of Exchange Control Manual, it is obligatory on the part of importers, to submit to the authorised dealer, through whom the relative remittance was made, Exchange Co
Aug 04, 1999
A.D.(G.P. Series) Circular No.10 (July 28, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001July 28, 1999A.D.(G.P. Series) Circular No.10To All Authorised Dealers in Foreign ExchangeDear Sirs,Indo-Lao Credit Agreement dated 20.01.1999for US $ 2 Million The Government of India have extended a line of credit of an amount of US $ 2 million (U.S.Dollars Two Million only) to the Government of the Lao Peoples Democratic Republic under a credit agreement entered into between the two Governm
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001July 28, 1999A.D.(G.P. Series) Circular No.10To All Authorised Dealers in Foreign ExchangeDear Sirs,Indo-Lao Credit Agreement dated 20.01.1999for US $ 2 Million The Government of India have extended a line of credit of an amount of US $ 2 million (U.S.Dollars Two Million only) to the Government of the Lao Peoples Democratic Republic under a credit agreement entered into between the two Governm
Aug 04, 1999
A.D. (M.A. Series) Circular No.25 (July 31, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI- 400 001July 31, 1999A.D.(M.A.Series) Circular No.25To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to modify/amend exchange control regulations as set out in following paragraphs:1. Advance Remittance for Import In terms of paragraph 7A.10(e) of ECM where advance remittance has been made, physical import of goods into India shoul
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI- 400 001July 31, 1999A.D.(M.A.Series) Circular No.25To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to modify/amend exchange control regulations as set out in following paragraphs:1. Advance Remittance for Import In terms of paragraph 7A.10(e) of ECM where advance remittance has been made, physical import of goods into India shoul
Jul 28, 1999
A.D.(G.P.Series) Circular No.9 (July 24, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001July 24, 1999A.D.(G.P.Series) Circular No.9To All Authorised Dealers in Foreign ExchangeDear Sirs,Export of goods to the Russian Federationon consignment basis against repayment ofState Credits Attention of authorised dealers is drawn to A.D.(G.P.Series) Circular No.5 dated 31st May 1999 regarding export of goods to the Russian Federation on consignment basis against repayment of State Credits.
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001July 24, 1999A.D.(G.P.Series) Circular No.9To All Authorised Dealers in Foreign ExchangeDear Sirs,Export of goods to the Russian Federationon consignment basis against repayment ofState Credits Attention of authorised dealers is drawn to A.D.(G.P.Series) Circular No.5 dated 31st May 1999 regarding export of goods to the Russian Federation on consignment basis against repayment of State Credits.
Jul 28, 1999
A.D. (M.A. Series) Circular No.24 (July 23, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001July 23, 1999A.D. (M.A. Series) Circular No.24To All Authorised Dealers in Foreign ExchangeDear Sirs,Indian Direct Investment in JointVentures/Wholly Owned Subsidiaries Abroad Attention of authorised dealers is drawn to Part A of Chapter 9 of the Exchange Control Manual, as amended vide A.D.(M.A. Series) Circular No.47 dated December 4, 1998.2. Government of India, Ministry of Commerce vide it
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001July 23, 1999A.D. (M.A. Series) Circular No.24To All Authorised Dealers in Foreign ExchangeDear Sirs,Indian Direct Investment in JointVentures/Wholly Owned Subsidiaries Abroad Attention of authorised dealers is drawn to Part A of Chapter 9 of the Exchange Control Manual, as amended vide A.D.(M.A. Series) Circular No.47 dated December 4, 1998.2. Government of India, Ministry of Commerce vide it
Jul 19, 1999
Interest Rate Surcharge on Import Finance
July 19, 1999IECD.No.1 /08.14.01/99-2000The Chairman and Managing Director/Chief Executives of all commercial banksDear Sir,Interest Rate Surcharge on Import FinancePlease refer to our circular IECD No. 25/08.14.01/97-98 dated December 17, 1997 regarding the levy of Interest Rate Surcharge on Import Finance. In terms of the instructions contained therein, the following categories of bank credit for imports are exempt from the levy of Interest Rate Surcharge.Export Pac
July 19, 1999IECD.No.1 /08.14.01/99-2000The Chairman and Managing Director/Chief Executives of all commercial banksDear Sir,Interest Rate Surcharge on Import FinancePlease refer to our circular IECD No. 25/08.14.01/97-98 dated December 17, 1997 regarding the levy of Interest Rate Surcharge on Import Finance. In terms of the instructions contained therein, the following categories of bank credit for imports are exempt from the levy of Interest Rate Surcharge.Export Pac
Jul 07, 1999
Forward Rate Agreements/ Interest Rate Swaps
Ref.No.MPD.BC.187/07.01.279/1999-2000 July 7, 1999 Aashadha 16, 1921(S) To All Scheduled Commercial Banks/ Primary Dealers/ All India Financial Institutions Dear Sirs, Forward Rate Agreements/ Interest Rate Swaps In the Governor’s Statement on ‘Mid-Term Review of Monetary and Credit Policy for 1998-99’ announced on October 30, 1998, it was indicated that with a view to further deepening the money market as also to enable banks, primary dealers and all-India financial
Ref.No.MPD.BC.187/07.01.279/1999-2000 July 7, 1999 Aashadha 16, 1921(S) To All Scheduled Commercial Banks/ Primary Dealers/ All India Financial Institutions Dear Sirs, Forward Rate Agreements/ Interest Rate Swaps In the Governor’s Statement on ‘Mid-Term Review of Monetary and Credit Policy for 1998-99’ announced on October 30, 1998, it was indicated that with a view to further deepening the money market as also to enable banks, primary dealers and all-India financial
Jul 02, 1999
A.D. (M.A. Series) Circular No.22 (June 28, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001June 28, 1999AD (MA Series) Circular No.22AM (FL Series) Circular No.3ToAll Authorised Dealers in Foreign Exchange All Authorised Full-fledged Money ChangersDear Sirs,Amendments to Memorandum FLMIt has been decided to amend the Memorandum FLM as stated in the following paragraph:1. Statement of purchases from and sale to public of foreign currency notes during the month (FLM 8) In order to get
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001June 28, 1999AD (MA Series) Circular No.22AM (FL Series) Circular No.3ToAll Authorised Dealers in Foreign Exchange All Authorised Full-fledged Money ChangersDear Sirs,Amendments to Memorandum FLMIt has been decided to amend the Memorandum FLM as stated in the following paragraph:1. Statement of purchases from and sale to public of foreign currency notes during the month (FLM 8) In order to get
Jul 02, 1999
A.D. (M.A. Series) Circular No.23 (June 29, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001June 29, 1999A.D. (M.A. Series) Circular No.23ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the exchange control regulations as under:1. Remittance of surplus passage/freight collection by foreign airline companies In terms of paragraph 8B.1 of Exchange Control Manual, while scrutinising SPM 1 statements fr
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001June 29, 1999A.D. (M.A. Series) Circular No.23ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the exchange control regulations as under:1. Remittance of surplus passage/freight collection by foreign airline companies In terms of paragraph 8B.1 of Exchange Control Manual, while scrutinising SPM 1 statements fr
Jun 25, 1999
Gold Loan against Bank Guarantee/Letter of Credit issued by other banks
RESERVE BANK OF INDIA CENTRAL OFFICE DEPARTMENT OF BANKING OPERATIONS & DEVELOPMENT CENTRE ·1. WORLD TRADE CENTRE. CUFFE PARADE COLABA MUMBAI- 400 005 Ref. : DBOD No.........IBS .3161 /23.67.001.98-99 June 25, 1999 All the banks authorised to import Gold / Silver / Platinum Dear Sir, Gold Loan against Bank Guarantee/Letterof Credit issued by other banks In terms of our circular No.DBOD.IBS.1519/23.67.001/98-99 dated 31st December 1998, authorized banks have been p
RESERVE BANK OF INDIA CENTRAL OFFICE DEPARTMENT OF BANKING OPERATIONS & DEVELOPMENT CENTRE ·1. WORLD TRADE CENTRE. CUFFE PARADE COLABA MUMBAI- 400 005 Ref. : DBOD No.........IBS .3161 /23.67.001.98-99 June 25, 1999 All the banks authorised to import Gold / Silver / Platinum Dear Sir, Gold Loan against Bank Guarantee/Letterof Credit issued by other banks In terms of our circular No.DBOD.IBS.1519/23.67.001/98-99 dated 31st December 1998, authorized banks have been p
Jun 24, 1999
Year 2000 (Y2K) Problem Standards of
Compliance and Testing (Indian Commercial Banks)
Compliance and Testing (Indian Commercial Banks)
Ref DBS. No. Y2K .BC.24/ 35.01.00/98-99August 7, 1998The Chairman/ Chief ExecutiveAll Indian Commercial BanksDear Sir,Please refer to the circular DBS.CO.ITC.BC.No 4 /31.26.00/97-98 dated September 22, 1997 apprising you of the critical operating risks associated with the year 2000 (Y2K) problem. Banks were advised to put in place appropriate time bound strategies to assess, convert and validate all systems and applications so as to achieve fully compliant systems wel
Ref DBS. No. Y2K .BC.24/ 35.01.00/98-99August 7, 1998The Chairman/ Chief ExecutiveAll Indian Commercial BanksDear Sir,Please refer to the circular DBS.CO.ITC.BC.No 4 /31.26.00/97-98 dated September 22, 1997 apprising you of the critical operating risks associated with the year 2000 (Y2K) problem. Banks were advised to put in place appropriate time bound strategies to assess, convert and validate all systems and applications so as to achieve fully compliant systems wel
Jun 24, 1999
Year 2000 (Y2K) Problem Standards of
Compliance and Testing (Primary / Satellite Dealers)
Compliance and Testing (Primary / Satellite Dealers)
Ref DBS. No. Y2K .BC./35 / 35.01.00/98-99November 5, 1998The Managing Director/ Chief Executive OfficerAll Primary / Satellite DealersDear Sir,Please refer to DO letter IDMC.DO.No./ /10.04.08/97-98 dated March 26, 1998 apprising you of the critical operating risks associated with the year 2000 (Y2K) problem. You were advised to put in place appropriate time bound strategies to assess, convert and validate all systems and applications so as to achieve fully compliant s
Ref DBS. No. Y2K .BC./35 / 35.01.00/98-99November 5, 1998The Managing Director/ Chief Executive OfficerAll Primary / Satellite DealersDear Sir,Please refer to DO letter IDMC.DO.No./ /10.04.08/97-98 dated March 26, 1998 apprising you of the critical operating risks associated with the year 2000 (Y2K) problem. You were advised to put in place appropriate time bound strategies to assess, convert and validate all systems and applications so as to achieve fully compliant s
Jun 24, 1999
Appendices
Appendix AThe Year 2000 Challenge in more detailOrigin and Impact1. Since the earliest days of electronic computers, programmers have used two digits to represent the year in date fields (YYMMDD). While many newer applications are Year 2000 complaint, many older applications upon which compliant application is Year 2000 compliant without appropriate analysis and testing poses substantial risks.2. Further complexities to the issued are introduced by others consideratio
Appendix AThe Year 2000 Challenge in more detailOrigin and Impact1. Since the earliest days of electronic computers, programmers have used two digits to represent the year in date fields (YYMMDD). While many newer applications are Year 2000 complaint, many older applications upon which compliant application is Year 2000 compliant without appropriate analysis and testing poses substantial risks.2. Further complexities to the issued are introduced by others consideratio
Jun 24, 1999
Year 2000 (Y2K) Problem Reporting Requirements
(Indian Commercial Banks)
(Indian Commercial Banks)
Ref DBS. No. Y2K.BC/30/ 35.01.00/ 98-99 September 14, 1998The Chairman/ Chief ExecutiveAll Indian Commercial BanksDear Sir:Please refer to our circular DBS.No.Y2K.BC.24/35.01.00/98-99 dated August 7, 1998 apprising you of the critical operating risks associated with the Year 2000 (Y2K) problem and advising minimum mandatory measures to be put in place for addressing business continuity risk across the millennium. Banks were required to keep their Board of Directors su
Ref DBS. No. Y2K.BC/30/ 35.01.00/ 98-99 September 14, 1998The Chairman/ Chief ExecutiveAll Indian Commercial BanksDear Sir:Please refer to our circular DBS.No.Y2K.BC.24/35.01.00/98-99 dated August 7, 1998 apprising you of the critical operating risks associated with the Year 2000 (Y2K) problem and advising minimum mandatory measures to be put in place for addressing business continuity risk across the millennium. Banks were required to keep their Board of Directors su
Jun 24, 1999
Year 2000 (Y2K) Problem Reporting Requirements
(Foreign Banks)
(Foreign Banks)
Ref DBS. No. Y2K.BC 29/ 35.01.00/ 98-99September 14, 1998The Chief Executive OfficerAll Foreign BanksDear Sir:Please refer to our circular DBS.No.Y2K.BC.23/35.01.00/98-99 dated August 7, 1998 apprising you of the critical operating risks associated with the Year 2000 (Y2K) problem and advising minimum mandatory measures to be put in place for addressing business continuity risk across the millennium. Banks were required to keep their Board of Directors suitably appris
Ref DBS. No. Y2K.BC 29/ 35.01.00/ 98-99September 14, 1998The Chief Executive OfficerAll Foreign BanksDear Sir:Please refer to our circular DBS.No.Y2K.BC.23/35.01.00/98-99 dated August 7, 1998 apprising you of the critical operating risks associated with the Year 2000 (Y2K) problem and advising minimum mandatory measures to be put in place for addressing business continuity risk across the millennium. Banks were required to keep their Board of Directors suitably appris
Jun 24, 1999
Year 2000 (Y2K) Problem Remediation framework and Compliance Deadlines (Indian Commercial Banks)
Ref DBS. No. Y2K .BC/38 /35.01.00/98-99November 11, 1998The Chairman/ Chief ExecutiveAll Indian Commercial BanksDear Sir,Please refer to our circulars DBS.No.Y2K.BC/24/35.01.00/98-99 dated August 7, 1998 and DBS.No.Y2K.BC/30/35.01.00/98-99 dated September 14, 1998 outlining a broad remediation framework that may be adopted by banks for managing their Year 2000 process while stipulating expected standards of compliance and testing. Banks were expected to complete all t
Ref DBS. No. Y2K .BC/38 /35.01.00/98-99November 11, 1998The Chairman/ Chief ExecutiveAll Indian Commercial BanksDear Sir,Please refer to our circulars DBS.No.Y2K.BC/24/35.01.00/98-99 dated August 7, 1998 and DBS.No.Y2K.BC/30/35.01.00/98-99 dated September 14, 1998 outlining a broad remediation framework that may be adopted by banks for managing their Year 2000 process while stipulating expected standards of compliance and testing. Banks were expected to complete all t
Jun 24, 1999
Year 2000 (Y2K) Problem Remediation framework and Compliance Deadlines (Foreign Banks)
Ref DBS. No. Y2K .BC/37 /35.01.00/98-99November 11, 1998The Chief Executive OfficerAll Foreign BanksDear Sir,Please refer to our circulars DBS.No.Y2K.BC/23/35.01.00/98-99 dated August 7, 1998 and DBS.No.Y2K.BC/29/35.01.00/98-99 dated September 14, 1998 outlining a broad remediation framework that may be adopted by banks for managing their Year 2000 process while stipulating expected standards of compliance and testing. Banks were expected to complete all the primary m
Ref DBS. No. Y2K .BC/37 /35.01.00/98-99November 11, 1998The Chief Executive OfficerAll Foreign BanksDear Sir,Please refer to our circulars DBS.No.Y2K.BC/23/35.01.00/98-99 dated August 7, 1998 and DBS.No.Y2K.BC/29/35.01.00/98-99 dated September 14, 1998 outlining a broad remediation framework that may be adopted by banks for managing their Year 2000 process while stipulating expected standards of compliance and testing. Banks were expected to complete all the primary m
Jun 24, 1999
Year 2000 (Y2K) Issues Supervisory Enforcement
Ref DBS. No. Y2K.BC/44 /35.01.00/98-99January 15, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:As you are aware, the Reserve Bank of India attaches a great deal of importance to the Year 2000 preparations of institutions and markets in the financial sector. In terms of the broad remediation framework communicated by us, banks were expected to put in place appropriate time bound strategies to assess, convert, validate and implement f
Ref DBS. No. Y2K.BC/44 /35.01.00/98-99January 15, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:As you are aware, the Reserve Bank of India attaches a great deal of importance to the Year 2000 preparations of institutions and markets in the financial sector. In terms of the broad remediation framework communicated by us, banks were expected to put in place appropriate time bound strategies to assess, convert, validate and implement f
Jun 24, 1999
Year 2000 (Y2K) Issues Contingency Planning
Ref DBS. No. Y2K .BC/47 /35.01.00/98-99February 27, 1999Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear SirPlease refer to our circular Ref.DBS. No.Y2K.BC. /42/35.01.00/98-99 dated December 1, 1998 advising banks and financial institutions of the need to develop contingency plans, apart from normal business continuity and disaster recovery plans, to assure business continuity as an integral part of their Year 2000 programme. The Board of Directors
Ref DBS. No. Y2K .BC/47 /35.01.00/98-99February 27, 1999Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear SirPlease refer to our circular Ref.DBS. No.Y2K.BC. /42/35.01.00/98-99 dated December 1, 1998 advising banks and financial institutions of the need to develop contingency plans, apart from normal business continuity and disaster recovery plans, to assure business continuity as an integral part of their Year 2000 programme. The Board of Directors
Jun 24, 1999
Year 2000 (Y2K) Issues Information Sharing and Disclosure (Commercial Banks)
Ref DBS. No. Y2K.BC/ 50 /35.01.00/98-99May 21, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:As you are aware, the Year 2000 problem poses a major challenge to banks and financial institutions as they make the transition to the new millennium. The complexity of the issues involved and the uncertainty associated with the behaviour of even remediated systems makes the task of ensuring Y2K readiness daunting.The interconnectedness of fi
Ref DBS. No. Y2K.BC/ 50 /35.01.00/98-99May 21, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial BanksDear Sir:As you are aware, the Year 2000 problem poses a major challenge to banks and financial institutions as they make the transition to the new millennium. The complexity of the issues involved and the uncertainty associated with the behaviour of even remediated systems makes the task of ensuring Y2K readiness daunting.The interconnectedness of fi
Jun 24, 1999
Year 2000 (Y2K) Issues Information Sharing and Disclosure (Financial Institutions/ Non-Banking Subsidiaries of Commercial Banks/Primary (Urban) Cooperative Banks/ Primary/ Satellite Dealersin Government Securities)
Ref DBS. No. Y2K.BC/ 51 /35.01.00/98-99May 21, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Financial Institutions/ Non-Banking Subsidiaries of Commercial Banks/Primary (Urban) Cooperative Banks/ Primary/ Satellite Dealersin Government SecuritiesDear Sir:As you are aware, the Year 2000 problem poses a major challenge to banks and financial institutions as they make the transition to the new millennium. The complexity of the issues involved and the uncertain
Ref DBS. No. Y2K.BC/ 51 /35.01.00/98-99May 21, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Financial Institutions/ Non-Banking Subsidiaries of Commercial Banks/Primary (Urban) Cooperative Banks/ Primary/ Satellite Dealersin Government SecuritiesDear Sir:As you are aware, the Year 2000 problem poses a major challenge to banks and financial institutions as they make the transition to the new millennium. The complexity of the issues involved and the uncertain
Jun 24, 1999
Year 2000 (Y2K) Issues Statutory Audit for the Year 1998 -99
Ref DBS. No. Y2K.BC/ 52 /35.01.00/98-99May 25, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial Banks/ Non-Banking Subsidiaries of Commercial Banks/Financial Institutions/ Primary (Urban) Cooperative Banks/ Primary/ Satellite Dealers in Government SecuritiesDear Sir:The Institute of Chartered Accountants of India (ICAI) have circulated a 'Guidance Note on the Auditor's Duties in relation to the Year 2000 (Y2K) Issue' for the use and guidance of their
Ref DBS. No. Y2K.BC/ 52 /35.01.00/98-99May 25, 1999The Chairman/ Managing Director/ Chief ExecutiveAll Commercial Banks/ Non-Banking Subsidiaries of Commercial Banks/Financial Institutions/ Primary (Urban) Cooperative Banks/ Primary/ Satellite Dealers in Government SecuritiesDear Sir:The Institute of Chartered Accountants of India (ICAI) have circulated a 'Guidance Note on the Auditor's Duties in relation to the Year 2000 (Y2K) Issue' for the use and guidance of their
Jun 22, 1999
A.D.(M.A. Series) Circular No.21 (June 18, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001June 18, 1999A.D.(M.A. Series) Circular No.21To All Authorised Dealers in Foreign ExchangeDear Sirs,Simplification of procedures applicable to Non-residents of Indian Nationality(NRIs)/Persons of Indian Origin (PIOs)/Overseas Corporate Bodies (OCBs) Reserve Bank had introduced certain modifications to the provisions of Exchange Control Manual (ECM) through issue of A.D.(M.A. Series) Circular No
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001June 18, 1999A.D.(M.A. Series) Circular No.21To All Authorised Dealers in Foreign ExchangeDear Sirs,Simplification of procedures applicable to Non-residents of Indian Nationality(NRIs)/Persons of Indian Origin (PIOs)/Overseas Corporate Bodies (OCBs) Reserve Bank had introduced certain modifications to the provisions of Exchange Control Manual (ECM) through issue of A.D.(M.A. Series) Circular No
Jun 21, 1999
A.D.(G.P. Series) Circular No.6 (June 5, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001June 5, 1999A.D.(G.P. Series) Circular No.6To All Authorised Dealers in Foreign ExchangeDear Sirs,International Credit Cards (ICCs) Please refer to A.D.(M.A. Series) Circular No.51 dated 31st December 1998 on the above subject. It is observed that some authorised dealers/card issuing organisations have been insisting on submission of post trip declaration by the holder of International Credit
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001June 5, 1999A.D.(G.P. Series) Circular No.6To All Authorised Dealers in Foreign ExchangeDear Sirs,International Credit Cards (ICCs) Please refer to A.D.(M.A. Series) Circular No.51 dated 31st December 1998 on the above subject. It is observed that some authorised dealers/card issuing organisations have been insisting on submission of post trip declaration by the holder of International Credit
Jun 21, 1999
A.D.(G.P. Series) Circular No.7 (June 9, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001June 9, 1999A.D.(G.P. Series) Circular No.7To All Authorised Dealers in Foreign ExchangeDear Sirs,Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Governments of Indiaand erstwhile USSR Attention of authorised dealers is invited to A.D.(G.P. Series) Circular No.23 dated 10th October 1998 wherein the rupee value of the special currency basket effective from 5
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001June 9, 1999A.D.(G.P. Series) Circular No.7To All Authorised Dealers in Foreign ExchangeDear Sirs,Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Governments of Indiaand erstwhile USSR Attention of authorised dealers is invited to A.D.(G.P. Series) Circular No.23 dated 10th October 1998 wherein the rupee value of the special currency basket effective from 5
Jun 07, 1999
A.D.(M.A.Series) Circular No.20 (June 3, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(M.A.Series) Circular No.20June 3, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Approval for foreign direct investmentupto 100% under the Automatic Route of Reserve Bank Attention of authorised dealers is drawn to paragraph 10B.2(i)(d) of the Exchange Control Manual (ECM), regarding foreign investment upto 100% in certain industries/sectors
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(M.A.Series) Circular No.20June 3, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Approval for foreign direct investmentupto 100% under the Automatic Route of Reserve Bank Attention of authorised dealers is drawn to paragraph 10B.2(i)(d) of the Exchange Control Manual (ECM), regarding foreign investment upto 100% in certain industries/sectors
Jun 03, 1999
A.D. (M.A. Series) Circular No.19 dated June 2, 1999
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(M.A. Series) Circular No.19June 2 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend the exchange control regulations as under:1.@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@Scrutiny of Export Declaration Forms Please refer to paragraph 6C.3(i) of Exchange Control Manual (ECM), in terms of which when duplicate cop
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(M.A. Series) Circular No.19June 2 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend the exchange control regulations as under:1.@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@Scrutiny of Export Declaration Forms Please refer to paragraph 6C.3(i) of Exchange Control Manual (ECM), in terms of which when duplicate cop
Jun 03, 1999
A.D.(G.P.Series) Circular No.5 dated May 31, 1999
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(G.P.Series) Circular No.5 May 31, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Export of goods to the Russian Federation on consignmentbasis against repayment of State Credits Attention of authorised dealers is drawn to A.D.(G.P. Series) Circular No.4 dated 19th May 1999 regarding revised procedure for exports to the Russian Federation against repayment of State Credits.2. I
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(G.P.Series) Circular No.5 May 31, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Export of goods to the Russian Federation on consignmentbasis against repayment of State Credits Attention of authorised dealers is drawn to A.D.(G.P. Series) Circular No.4 dated 19th May 1999 regarding revised procedure for exports to the Russian Federation against repayment of State Credits.2. I
May 20, 1999
A.D.(M.A. Series) Circular No. 16 (May 15, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400001 May 15, 1999 A.D.(M.A. Series) Circular No. 16 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to the Exchange Control Manual (ECM) It has been decided to amend/modify the existing exchange control regulations as stated in the following paragraphs: Statements in form MAP and SIR 1. In terms of paragraph 5B.1(iii) and 5B.9(iii) of ECM, the He
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400001 May 15, 1999 A.D.(M.A. Series) Circular No. 16 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to the Exchange Control Manual (ECM) It has been decided to amend/modify the existing exchange control regulations as stated in the following paragraphs: Statements in form MAP and SIR 1. In terms of paragraph 5B.1(iii) and 5B.9(iii) of ECM, the He
May 20, 1999
A.D. (M.A. Series ) Circular No.17 (May 19, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400001 May 19, 1999 AD (MA Series ) Circular No.17 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as set out in the following paragraphs: 1. Agency Commission on Exports In terms of paragraph 6E.2(i)(a) of the Exchange Control Manual (ECM) authorised dealers have been permitted to
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400001 May 19, 1999 AD (MA Series ) Circular No.17 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as set out in the following paragraphs: 1. Agency Commission on Exports In terms of paragraph 6E.2(i)(a) of the Exchange Control Manual (ECM) authorised dealers have been permitted to
May 20, 1999
A.D.(M.A.Series) Circular No.18 (May 19, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 May 19, 1999 A.D.(M.A.Series) Circular No.18 To All Authorised Dealers in Foreign Exchange Dear Sirs, General permission for acquiring underlying shares after conversion of GDRs/ADRs by Non-Residents and entering addresses of the non-resident holders of such released shares in the books of the Company/Depository @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 May 19, 1999 A.D.(M.A.Series) Circular No.18 To All Authorised Dealers in Foreign Exchange Dear Sirs, General permission for acquiring underlying shares after conversion of GDRs/ADRs by Non-Residents and entering addresses of the non-resident holders of such released shares in the books of the Company/Depository @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP
May 17, 1999
A.D.(G.P. Series) Circular No.3 (May 12, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(G.P. Series) Circular No.3May 12, 1999ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Indo-Vietnam Credit Agreement dated 2.2.1999for Indian Rs.470 millionThe Government of India have extended a line of credit upto an amount of Indian Rs.470 million (Rupees Four hundred and Seventy million only) to the Government of the Socialist Republic of Vietnam under a credit agreement entered
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D.(G.P. Series) Circular No.3May 12, 1999ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Indo-Vietnam Credit Agreement dated 2.2.1999for Indian Rs.470 millionThe Government of India have extended a line of credit upto an amount of Indian Rs.470 million (Rupees Four hundred and Seventy million only) to the Government of the Socialist Republic of Vietnam under a credit agreement entered
May 17, 1999
A.D.(M.A. Series) Circular No.14 (May 12, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.D.(M.A. Series) Circular No.14 May 12, 1999 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as stated in the following paragraphs: 1. Import by post Attention of authorised dealers is drawn to paragraph 7A.22 of Exchange Control Manual (ECM)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.D.(M.A. Series) Circular No.14 May 12, 1999 To All Authorised Dealers in Foreign Exchange Dear Sirs, Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as stated in the following paragraphs: 1. Import by post Attention of authorised dealers is drawn to paragraph 7A.22 of Exchange Control Manual (ECM)
May 17, 1999
A.D. (M.A. Series) Circular No.15 and
A.M. (F.L. Series) Circular No.2 (May 12, 1999)
A.M. (F.L. Series) Circular No.2 (May 12, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 May12 , 1999 A.D. (M.A. Series) Circular No.15 A.M. (F.L. Series) Circular No.2 To All Authorised Dealers in Foreign Exchange All Authorised Full-fledged Money-Changers Dear Sirs, Amendments to Memorandum FLM It has been decided to amend the Memorandum FLM as indicated in the following paragraphs: 1. Sale of foreign exchange against Basic Travel Quota (BTQ) In
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 May12 , 1999 A.D. (M.A. Series) Circular No.15 A.M. (F.L. Series) Circular No.2 To All Authorised Dealers in Foreign Exchange All Authorised Full-fledged Money-Changers Dear Sirs, Amendments to Memorandum FLM It has been decided to amend the Memorandum FLM as indicated in the following paragraphs: 1. Sale of foreign exchange against Basic Travel Quota (BTQ) In
May 11, 1999
A.D.(M.A. Series) Circular No.13 (May 10, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001May 10, 1999A.D. (M.A. Series ) Circular No.13 To All Authorised Dealers in Foreign ExchangeDear Sirs,Hedging of Commodity Price Exposure on International Commodity Exchanges Attention of authorised dealers is invited to paragraph 3C.11 and Annexure II to Chapter 3 of Exchange Control Manual (ECM) containing guidelines for accessing International Commodity Exchanges for hedging commodity price
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001May 10, 1999A.D. (M.A. Series ) Circular No.13 To All Authorised Dealers in Foreign ExchangeDear Sirs,Hedging of Commodity Price Exposure on International Commodity Exchanges Attention of authorised dealers is invited to paragraph 3C.11 and Annexure II to Chapter 3 of Exchange Control Manual (ECM) containing guidelines for accessing International Commodity Exchanges for hedging commodity price
Apr 26, 1999
Financing of Infrastructure Projects
IECD. No. 26/08.12.01/98-99April 23, 1999ToChairman/Chief Executive Officer/(All Commercial banks/All IndiaFinancial Institutions)Dear Sir,Financing ofInfrastructure Projects Please refer to paragraphs 68 and 69 of the statement on 'Monetary and Credit Policy for the year 1999 - 2000' enclosed to Governor's letter No. MPD.BC.185/ 07.01. 279/98-99 dated April 20, 1999 regarding credit for infrastructure.2. As you are aware, the rapid growth of our economy critically de
IECD. No. 26/08.12.01/98-99April 23, 1999ToChairman/Chief Executive Officer/(All Commercial banks/All IndiaFinancial Institutions)Dear Sir,Financing ofInfrastructure Projects Please refer to paragraphs 68 and 69 of the statement on 'Monetary and Credit Policy for the year 1999 - 2000' enclosed to Governor's letter No. MPD.BC.185/ 07.01. 279/98-99 dated April 20, 1999 regarding credit for infrastructure.2. As you are aware, the rapid growth of our economy critically de
Apr 26, 1999
A.D. (M.A. Series) Circular No.12 (April 24, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D. (M.A. Series) Circular No.12April 24, 1999To All Authorised dealers in foreign exchangeDear Sirs,Amendments to the Exchange Control Manual (ECM) Please refer to paragraphs 22, 23 and 26 of the Statement on Monetary and Credit Policy for the year 1999-2000 which was announced on 20th April 1999. Following instructions are issued in implementation of the decisions announced in the above-ref
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001A.D. (M.A. Series) Circular No.12April 24, 1999To All Authorised dealers in foreign exchangeDear Sirs,Amendments to the Exchange Control Manual (ECM) Please refer to paragraphs 22, 23 and 26 of the Statement on Monetary and Credit Policy for the year 1999-2000 which was announced on 20th April 1999. Following instructions are issued in implementation of the decisions announced in the above-ref
Apr 24, 1999
Monetary and Credit Policy Measures
DBOD.No.BP.BC. 35 /21.01.002/99April 24 , 1999Chaitra 4, 1921 (Saka)All commercial banks (excluding RRBs)Dear Sir,Monetary and Credit Policy MeasuresPlease refer to Governor’s letter No.MPD.BC.185/07.01.279/98-99 dated April 20, 1999 enclosing a copy of the statement on "Monetary and Credit Policy for the year 1999-2000". The guidelines in regard to the policy measures indicated therein, are given below:1) Rationalisation of Interest RatesIn terms of our circular DBOD
DBOD.No.BP.BC. 35 /21.01.002/99April 24 , 1999Chaitra 4, 1921 (Saka)All commercial banks (excluding RRBs)Dear Sir,Monetary and Credit Policy MeasuresPlease refer to Governor’s letter No.MPD.BC.185/07.01.279/98-99 dated April 20, 1999 enclosing a copy of the statement on "Monetary and Credit Policy for the year 1999-2000". The guidelines in regard to the policy measures indicated therein, are given below:1) Rationalisation of Interest RatesIn terms of our circular DBOD
Apr 24, 1999
Interest Rates on Deposits
Dir.BC. 36/13.01.04/99April 23, 1999Vaishakha 3, 1921(Saka)Interest Rates on DepositsIn exercise of the powers conferred by Section 21 and 35A of the Banking Regulation Act, 1949 and in partial modification of the Directive DBOD No.Dir.BC. 151/C.347-85 dated December 27, 1985, as amended from time to time, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that clause (a) of paragraph 11 of the
Dir.BC. 36/13.01.04/99April 23, 1999Vaishakha 3, 1921(Saka)Interest Rates on DepositsIn exercise of the powers conferred by Section 21 and 35A of the Banking Regulation Act, 1949 and in partial modification of the Directive DBOD No.Dir.BC. 151/C.347-85 dated December 27, 1985, as amended from time to time, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that clause (a) of paragraph 11 of the
Apr 23, 1999
Asset Liability Management (ALM) System
FID.No. 38 / 01.02.00/98-9920 April 1999ToAll India Financial Institutions(ICICI, IDBI, IFCI, IDFC, TFCI, IIBI, NABARD, NHB, SIDBI and EXIM Bank)Dear Sir,Asset Liability Management (ALM) SystemAs you are aware, the final guidelines for introduction of ALM system by banks have been recently issued by RBI and the system has become operational w.e.f. 1 April 1999. Since the operations of financial institutions also give rise to liquidity and interest rate risk exposures,
FID.No. 38 / 01.02.00/98-9920 April 1999ToAll India Financial Institutions(ICICI, IDBI, IFCI, IDFC, TFCI, IIBI, NABARD, NHB, SIDBI and EXIM Bank)Dear Sir,Asset Liability Management (ALM) SystemAs you are aware, the final guidelines for introduction of ALM system by banks have been recently issued by RBI and the system has become operational w.e.f. 1 April 1999. Since the operations of financial institutions also give rise to liquidity and interest rate risk exposures,
Apr 23, 1999
Minimum Net Owned Fund (NOF) for commencement
of business of a Non-Banking Financial Institution (NBFI)
of business of a Non-Banking Financial Institution (NBFI)
RESERVE BANK OF INDIADEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE I, WORLD TRADE CENTRE,CUFFE PARADE, COLABAMUMBAI 400 005.DNBS (PD) No. CC.10/02.59/98-99 April 20, 1999 To The Secretary, Department of Company Affairs, Government of India, All the Registrars of CompaniesAll the Apex Level Chambers of Commerce FICCI/ASSOCHAM/CIIPresident of the Institute of Chartered Accountants of IndiaPresident of the Institute of Company Secretaries of IndiaAssociations
RESERVE BANK OF INDIADEPARTMENT OF NON-BANKING SUPERVISIONCENTRAL OFFICECENTRE I, WORLD TRADE CENTRE,CUFFE PARADE, COLABAMUMBAI 400 005.DNBS (PD) No. CC.10/02.59/98-99 April 20, 1999 To The Secretary, Department of Company Affairs, Government of India, All the Registrars of CompaniesAll the Apex Level Chambers of Commerce FICCI/ASSOCHAM/CIIPresident of the Institute of Chartered Accountants of IndiaPresident of the Institute of Company Secretaries of IndiaAssociations
Apr 23, 1999
ALM - Annexures I, II & III
Annexure IName of the FI :Statement of Structural Liquidity as on :(Amt. in crore of rupees)A. Outflows1 to 14 days15 t0 28 days 29 days to 3 mths Over 3 to 6 mths Over 6 mths to 1 yearOver 1 year to 3 yearsOver 3 to 5 years Over 5 to 7 years Over 7 to 10 yearsOver 10 years Total1. Capital a) Equity and perpetual preference shares @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@b) Non-perpetual preference shares@@NBSP@@@@NBSP@@@
Annexure IName of the FI :Statement of Structural Liquidity as on :(Amt. in crore of rupees)A. Outflows1 to 14 days15 t0 28 days 29 days to 3 mths Over 3 to 6 mths Over 6 mths to 1 yearOver 1 year to 3 yearsOver 3 to 5 years Over 5 to 7 years Over 7 to 10 yearsOver 10 years Total1. Capital a) Equity and perpetual preference shares @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@b) Non-perpetual preference shares@@NBSP@@@@NBSP@@@
Apr 21, 1999
Notification No.FERA.202/99-RB dated April 15, 1999
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001.Notification No.FERA.202/99-RB dated April 15, 1999Carrying on Activities in India by ForeignAirline Companies through Local Agents In Pursuance of Clause (a) of Sub-Section (1) of Section 29 of the Foreign Exchange Regulation Act, 1973 (46 of 1973), the Reserve Bank is pleased to grant general permission to airline companies which are not incorporated in India and which do not have a branch,
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001.Notification No.FERA.202/99-RB dated April 15, 1999Carrying on Activities in India by ForeignAirline Companies through Local Agents In Pursuance of Clause (a) of Sub-Section (1) of Section 29 of the Foreign Exchange Regulation Act, 1973 (46 of 1973), the Reserve Bank is pleased to grant general permission to airline companies which are not incorporated in India and which do not have a branch,
Apr 20, 1999
Statement by Dr. Bimal Jalan, Governor, Reserve Bank of India on Monetary and Credit Policy for the Year 1999-2000
Statement by Dr. Bimal Jalan, Governor, Reserve Bank of India on Monetary and Credit Policy for the Year 1999-2000 The Statement consists of three parts: (I) Review of Macro-economic and Monetary Developments during 1998-99, (II) Stance of Monetary Policy for 1999-2000 and (III) Changes in Monetary and Credit Policy measures. I. Review of Macro-economic and MonetaryDevelopments: 1998-99Domestic Developments2. According to the preliminary estimates of
Statement by Dr. Bimal Jalan, Governor, Reserve Bank of India on Monetary and Credit Policy for the Year 1999-2000 The Statement consists of three parts: (I) Review of Macro-economic and Monetary Developments during 1998-99, (II) Stance of Monetary Policy for 1999-2000 and (III) Changes in Monetary and Credit Policy measures. I. Review of Macro-economic and MonetaryDevelopments: 1998-99Domestic Developments2. According to the preliminary estimates of
Apr 19, 1999
Income recognition, asset classification, Provisioning and
other related matters - Valuation of investments
(BP.BC. 28 /21.04.048/98-99)
other related matters - Valuation of investments
(BP.BC. 28 /21.04.048/98-99)
BP.BC. 28 /21.04.048/98-99April 15, 1999All Commercial Banks(excluding Regional Rural Banks)Dear Sir,Income recognition, asset classification,Provisioning and other related matters - Valuation of investments-----------------------------------------------------Please refer to our circular DBOD.No.BP.BC.29/21.04.048/98 dated 11 April, 1998 prescribing the method to be adopted by banks and auditors for valuation of Government and other securities while finalising the Bal
BP.BC. 28 /21.04.048/98-99April 15, 1999All Commercial Banks(excluding Regional Rural Banks)Dear Sir,Income recognition, asset classification,Provisioning and other related matters - Valuation of investments-----------------------------------------------------Please refer to our circular DBOD.No.BP.BC.29/21.04.048/98 dated 11 April, 1998 prescribing the method to be adopted by banks and auditors for valuation of Government and other securities while finalising the Bal
Apr 15, 1999
Revision/updation of family pension in respect of Government servants who retired/died on or after 1.9.1988 but before 1.9.1996.
GOVERNMENT OF RAJASTHAN Finance Department GOVERNMENT OF RAJASTHAN Finance Department (Rules Division) MEMORANDUM No. f.15(2)fd(Rules)/98 Jaipur, dated April 15, 1999 Subject : Revision/updation of family pension in respect of Government servants who retired/died on or after 1.9.1988 but before 1.9.1996. The undersigned is directed to say that in accordance with the provisions contained in Finance Department Notification No.F.15(3)FD(Rules)/97 dated 21.3.1998, the fam
GOVERNMENT OF RAJASTHAN Finance Department GOVERNMENT OF RAJASTHAN Finance Department (Rules Division) MEMORANDUM No. f.15(2)fd(Rules)/98 Jaipur, dated April 15, 1999 Subject : Revision/updation of family pension in respect of Government servants who retired/died on or after 1.9.1988 but before 1.9.1996. The undersigned is directed to say that in accordance with the provisions contained in Finance Department Notification No.F.15(3)FD(Rules)/97 dated 21.3.1998, the fam
Apr 13, 1999
A.D.(G.P. Series) Circular No.2 (March 26, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001March 26, 1999A.D.(G.P. Series) Circular No.2To All Authorised Dealers in Foreign ExchangeDear Sirs, Loss of GR Form/EC Copy of Shipping Bill @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@In terms of paragraph 6B.1(i)(b) of Exchange Control Manual, the exporter should lodge within twenty one days from the date of shipment, among others, the duplicate copy of GR
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400001March 26, 1999A.D.(G.P. Series) Circular No.2To All Authorised Dealers in Foreign ExchangeDear Sirs, Loss of GR Form/EC Copy of Shipping Bill @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@In terms of paragraph 6B.1(i)(b) of Exchange Control Manual, the exporter should lodge within twenty one days from the date of shipment, among others, the duplicate copy of GR
Apr 13, 1999
A.D.(M.A. Series) Circular No.11 (April 7, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.D.(M.A. Series) Circular No.11April 7, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the Exchange Control regulations as stated in the following paragraphs.1. @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@Authorised dealers in foreign exchangeThe Commercial Bank of Korea Ltd. and Hanil Bank have ceased t
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.D.(M.A. Series) Circular No.11April 7, 1999To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the Exchange Control regulations as stated in the following paragraphs.1. @@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@Authorised dealers in foreign exchangeThe Commercial Bank of Korea Ltd. and Hanil Bank have ceased t
Apr 06, 1999
A.D.(M.A. Series) Circular No.10 (April 1, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.D.(M.A. Series)Circular No.10 April 1, 1999To All Authorised Dealers in Foreign Exchange Dear Sirs,Amendments to Exchange Control Manual (Memorandum PEM) It has been decided to amend/modify the Exchange Control regulations relating to project exports and service exports as stated in the following paragraphs.1. Constitution of Working Group In terms of paragraph A.1(i) of Memorandum on Proj
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001A.D.(M.A. Series)Circular No.10 April 1, 1999To All Authorised Dealers in Foreign Exchange Dear Sirs,Amendments to Exchange Control Manual (Memorandum PEM) It has been decided to amend/modify the Exchange Control regulations relating to project exports and service exports as stated in the following paragraphs.1. Constitution of Working Group In terms of paragraph A.1(i) of Memorandum on Proj
Apr 05, 1999
Submission of Statutory Return on Liquid Assets
RESERVE BANK OF INDIADepartment of Non-Banking Supervision,Central Office, Centre 1, Cuffe Parade, Colaba, Mumbai, 400005Fax: 022 2150540Telephone 2188122Telex 011 86135 RBI INPARYAVEKSHAN¿Ref.DNBS(PD).No.CC. 9 / 02.01 / 98-99.March 31, 1999.To,All the Non-Banking Financial Companies (NBFCs)including Residuary Non-Banking Companies (RNBCs)Submission of Statutory Return on Liquid AssetsPlease refer to our circular DNBS(PD)No.CC.8/02.01/98-99 dated January 21, 1999 in t
RESERVE BANK OF INDIADepartment of Non-Banking Supervision,Central Office, Centre 1, Cuffe Parade, Colaba, Mumbai, 400005Fax: 022 2150540Telephone 2188122Telex 011 86135 RBI INPARYAVEKSHAN¿Ref.DNBS(PD).No.CC. 9 / 02.01 / 98-99.March 31, 1999.To,All the Non-Banking Financial Companies (NBFCs)including Residuary Non-Banking Companies (RNBCs)Submission of Statutory Return on Liquid AssetsPlease refer to our circular DNBS(PD)No.CC.8/02.01/98-99 dated January 21, 1999 in t
Apr 02, 1999
A.D. (M.A. Series) Circular No.9 (March 30, 1999)
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.D. (M.A. Series) Circular No.9 March 30, 1999 To All Authorised dealers in foreign exchange Dear Sirs, Simplification of procedures applicable to Non-Residents of Indian Nationality (NRIs)/Persons of Indian Origin (PIOs)/ Overseas Corporate Bodies (OCBs) In order to facilitate participation by NRIs/PIOs/OCBs in Indias economic development over a period of time the Government of India an
RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.D. (M.A. Series) Circular No.9 March 30, 1999 To All Authorised dealers in foreign exchange Dear Sirs, Simplification of procedures applicable to Non-Residents of Indian Nationality (NRIs)/Persons of Indian Origin (PIOs)/ Overseas Corporate Bodies (OCBs) In order to facilitate participation by NRIs/PIOs/OCBs in Indias economic development over a period of time the Government of India an
Apr 01, 1999
A.D.(M.A. Series) Circular No.6 (March 17, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001March 17, 1999A.D.(M.A. Series) Circular No.6To All Authorised Dealers in Foreign ExchangeDear Sirs,External Commercial Borrowings (ECBs)USD 10 million Scheme At present in terms of paragraph 7B.8 and 7B.8A of Exchange Control Manual (ECM) Reserve Bank considers proposals from Indian corporates/institutions for (a) availing of short term foreign currency loan/credit with maturity of less tha
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI - 400 001March 17, 1999A.D.(M.A. Series) Circular No.6To All Authorised Dealers in Foreign ExchangeDear Sirs,External Commercial Borrowings (ECBs)USD 10 million Scheme At present in terms of paragraph 7B.8 and 7B.8A of Exchange Control Manual (ECM) Reserve Bank considers proposals from Indian corporates/institutions for (a) availing of short term foreign currency loan/credit with maturity of less tha
Apr 01, 1999
A.D.(M.A. Series) Circular No.7 (March 20, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001March 20, 1999A.D.(M.A. Series) Circular No.7A.M.(F.L. Series) Circular No.1A.M.(R.L. Series) Circular No.1To All Authorised Dealers in Foreign Exchange All Authorised Full-fledged Money Changers All Authorised Restricted Money ChangersDear Sirs,Bringing in Foreign Exchange Attention is drawn to paragraphs 7D.5 of Exchange Control Manual, paragraph 5(i) of Memorandum FLM and paragraph 6 of Mem
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001March 20, 1999A.D.(M.A. Series) Circular No.7A.M.(F.L. Series) Circular No.1A.M.(R.L. Series) Circular No.1To All Authorised Dealers in Foreign Exchange All Authorised Full-fledged Money Changers All Authorised Restricted Money ChangersDear Sirs,Bringing in Foreign Exchange Attention is drawn to paragraphs 7D.5 of Exchange Control Manual, paragraph 5(i) of Memorandum FLM and paragraph 6 of Mem
Apr 01, 1999
A.D. (M.A. Series ) Circular No.8 (March 26, 1999)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001March 26, 1999A.D. (M.A. Series ) Circular No.8To All Authorised Dealers in Foreign ExchangeDear Sirs,Non-Resident (Special) Rupee (NRSR) Account SchemeAttention of authorised dealers is drawn to Part A of Chapter 13 of Exchange Control Manual (ECM) containing rules and regulations for maintenance of Ordinary Non-Resident Rupee (NRO) accounts in India. In order to simplify the procedures appli
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001March 26, 1999A.D. (M.A. Series ) Circular No.8To All Authorised Dealers in Foreign ExchangeDear Sirs,Non-Resident (Special) Rupee (NRSR) Account SchemeAttention of authorised dealers is drawn to Part A of Chapter 13 of Exchange Control Manual (ECM) containing rules and regulations for maintenance of Ordinary Non-Resident Rupee (NRO) accounts in India. In order to simplify the procedures appli
Mar 09, 1999
Exports to Iraq
IECD.No. /04.02.02/98-99March 8, 1999The Chairmen/Chief Executives of all commercial banksDear Sir,Exports to IraqIt has been represented to us that in respect of exports to Iraq made under non-negotiable sight Letters of Credit (LCs), payments are not made by the LC opening bank within the normal transit period of 20 days specified by FEDAI. The payment is made on arrival of cargo in Iraq, and issue of certificate by UN agency to the effect that the exports conformed
IECD.No. /04.02.02/98-99March 8, 1999The Chairmen/Chief Executives of all commercial banksDear Sir,Exports to IraqIt has been represented to us that in respect of exports to Iraq made under non-negotiable sight Letters of Credit (LCs), payments are not made by the LC opening bank within the normal transit period of 20 days specified by FEDAI. The payment is made on arrival of cargo in Iraq, and issue of certificate by UN agency to the effect that the exports conformed
Mar 05, 1999
Export Credit - Interest Rates
IECD.No. 19 /04.02.01/98-99March 3, 1999The Chairmen /Chief Executivesof all commercial banksDear Sir,Export Credit - Interest RatesPlease refer to our Circular IECD.No.5/04.02.01/98-99 dated August 6, 1998 and MPD Circular No.BC.184/07.01.279/98-99 dated March 1, 1999.2. As indicated in para 3 of our MPD Circular referred to above, effective April 1, 1999, interest rates on pre-shipment and post-shipment rupee credit will stand revised. The revised rates are given in
IECD.No. 19 /04.02.01/98-99March 3, 1999The Chairmen /Chief Executivesof all commercial banksDear Sir,Export Credit - Interest RatesPlease refer to our Circular IECD.No.5/04.02.01/98-99 dated August 6, 1998 and MPD Circular No.BC.184/07.01.279/98-99 dated March 1, 1999.2. As indicated in para 3 of our MPD Circular referred to above, effective April 1, 1999, interest rates on pre-shipment and post-shipment rupee credit will stand revised. The revised rates are given in
Mar 01, 1999
A D (M.A. Series) Circular No. 5 (February 25, 1999)
February 25, 1999A.D.(M.A.Series) Circular No.5To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the Exchange Control regulations as stated in the following paragraphs.1. Release of foreign currency travellers cheques and notes to Master/Captain of the ship against inward remittance - Delegation of powers to authorised dealers At present, permission of Reserve Bank is necessary to pro
February 25, 1999A.D.(M.A.Series) Circular No.5To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the Exchange Control regulations as stated in the following paragraphs.1. Release of foreign currency travellers cheques and notes to Master/Captain of the ship against inward remittance - Delegation of powers to authorised dealers At present, permission of Reserve Bank is necessary to pro
Feb 20, 1999
Collection and Dissemination of Information on
cases of Wilful Default of Rs.25 lakhs and above
cases of Wilful Default of Rs.25 lakhs and above
DBOD.No.BC.DL.(W)12/20.16.002(1)98-99February 20, 1999Phalguna 01, 1920 (S)All Scheduled Commercial BanksAll notified All India Financial Institutions viz. IDBI, ICICI and IFCIDear Sirs,Collection and Dissemination of Information oncases of Wilful Default of Rs.25 lakhs and abovePursuant to the instructions of the Central Vigilance Commission for collection of information on wilful defaults of Rs.25 lakhs and above by RBI and dissemination to the reporting banks and F
DBOD.No.BC.DL.(W)12/20.16.002(1)98-99February 20, 1999Phalguna 01, 1920 (S)All Scheduled Commercial BanksAll notified All India Financial Institutions viz. IDBI, ICICI and IFCIDear Sirs,Collection and Dissemination of Information oncases of Wilful Default of Rs.25 lakhs and abovePursuant to the instructions of the Central Vigilance Commission for collection of information on wilful defaults of Rs.25 lakhs and above by RBI and dissemination to the reporting banks and F
Feb 19, 1999
Asset - Liability Management ( ALM ) System
February 10, 1999 BP.BC. 8/21.04.098/99 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Asset - Liability Management ( ALM ) System Please refer to our circular DBOD No. BP. BC. 94/ 21. 04. 098/ 98 dated September 10, 1998 forwarding therewith draft Guidelines for putting in place Asset-Liability Management (ALM) System in banks. The draft Guidelines have been reviewed by us in the light of the issues raised/suggestions made by banks in the seminars held
February 10, 1999 BP.BC. 8/21.04.098/99 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Asset - Liability Management ( ALM ) System Please refer to our circular DBOD No. BP. BC. 94/ 21. 04. 098/ 98 dated September 10, 1998 forwarding therewith draft Guidelines for putting in place Asset-Liability Management (ALM) System in banks. The draft Guidelines have been reviewed by us in the light of the issues raised/suggestions made by banks in the seminars held
Feb 10, 1999
Asset - Liability Management ( ALM ) System
DBOD BP.BC. 8/21.04.098/99February 10, 1999ToAll Scheduled Commercial Banks(excluding RRBs)Dear Sir, Asset - Liability Management ( ALM ) System Please refer to our circular DBOD No. BP. BC. 94/ 21. 04. 098/ 98 dated September 10, 1998 forwarding therewith draft Guidelines for putting in place Asset-Liability Management (ALM) System in banks. The draft Guidelines have been reviewed by us in the light of the issues raised/suggestions made by banks in the seminars held
DBOD BP.BC. 8/21.04.098/99February 10, 1999ToAll Scheduled Commercial Banks(excluding RRBs)Dear Sir, Asset - Liability Management ( ALM ) System Please refer to our circular DBOD No. BP. BC. 94/ 21. 04. 098/ 98 dated September 10, 1998 forwarding therewith draft Guidelines for putting in place Asset-Liability Management (ALM) System in banks. The draft Guidelines have been reviewed by us in the light of the issues raised/suggestions made by banks in the seminars held
Feb 08, 1999
A D (M.A. Series) Circular No. 4 (February 2, 1999)
February 2 , 1999A.D. (M.A. Series) Circular No.4 To All Authorised Dealers in Foreign ExchangeDear Sirs,Export Declaration Forms Attention of authorised dealers is invited to paragraph 6A.3 of the Exchange Control Manual (ECM) regarding Export Declaration Forms, which have been prescribed in terms of Rule 5 of the Foreign Exchange Regulation Rules, 1974. On account of introduction of Electronic Data Interchange (EDI) system for processing shipping bills, etc. by the
February 2 , 1999A.D. (M.A. Series) Circular No.4 To All Authorised Dealers in Foreign ExchangeDear Sirs,Export Declaration Forms Attention of authorised dealers is invited to paragraph 6A.3 of the Exchange Control Manual (ECM) regarding Export Declaration Forms, which have been prescribed in terms of Rule 5 of the Foreign Exchange Regulation Rules, 1974. On account of introduction of Electronic Data Interchange (EDI) system for processing shipping bills, etc. by the
Feb 08, 1999
Cancellation of Forward Contracts
A.D.(G.P. Series) Circular No.1[Last GP Circular of 1998 No.28]January 27, 1999@@NBSP@@To All Authorised Dealers in Foreign ExchangeDear Sirs,Cancellation of Forward Contracts Attention is invited to A.D.(G.P. Series) Circular No.27 dated 3rd December 1997 requiring authorised dealers to submit a fortnightly statement in form CFC giving particulars of cancellation of forward contracts for U.S.$ 500,000 (U.S. dollar 0.5 million) and above. On a review, it has been deci
A.D.(G.P. Series) Circular No.1[Last GP Circular of 1998 No.28]January 27, 1999@@NBSP@@To All Authorised Dealers in Foreign ExchangeDear Sirs,Cancellation of Forward Contracts Attention is invited to A.D.(G.P. Series) Circular No.27 dated 3rd December 1997 requiring authorised dealers to submit a fortnightly statement in form CFC giving particulars of cancellation of forward contracts for U.S.$ 500,000 (U.S. dollar 0.5 million) and above. On a review, it has been deci
Feb 01, 1999
Notification No.FERA 191/99-RB Dated 30-1-99
In pursuance of clause (a) and clause (d) of sub-section (1) of Section 19 read with clause (b) of sub-Section (1) of Section 29 of the Foreign Exchange Regulation Act, 1973 (46 of 1973), the Reserve Bank directs that its Notification No.FERA 180/98 RB dated 13th January 1998 as amended from time to time (hereinafter referred to as "the said Notification"), shall be amended in the following manner, namely:In the said Notification, in paragraph 3, in clause (i), for th
In pursuance of clause (a) and clause (d) of sub-section (1) of Section 19 read with clause (b) of sub-Section (1) of Section 29 of the Foreign Exchange Regulation Act, 1973 (46 of 1973), the Reserve Bank directs that its Notification No.FERA 180/98 RB dated 13th January 1998 as amended from time to time (hereinafter referred to as "the said Notification"), shall be amended in the following manner, namely:In the said Notification, in paragraph 3, in clause (i), for th
Feb 01, 1999
A D (M.A. Series) Circular No 1 (January 8, 1999)
January 8, 1999A.D.(M.A.Series) Circular No.1[Last Circular in 1998 - AD(MA Series) circular No.51 AM(FL Series) circular No.6]To All Authorised Dealers in Foreign ExchangeDear Sirs, Export of Software in Non-physical form Attention of authorised dealers is drawn to paragraph 6D.1 of the Exchange Control Manual (ECM) in terms of which export of computer software in non-physical form i.e. direct data transmission through dedicated earth stations/satellite links, should
January 8, 1999A.D.(M.A.Series) Circular No.1[Last Circular in 1998 - AD(MA Series) circular No.51 AM(FL Series) circular No.6]To All Authorised Dealers in Foreign ExchangeDear Sirs, Export of Software in Non-physical form Attention of authorised dealers is drawn to paragraph 6D.1 of the Exchange Control Manual (ECM) in terms of which export of computer software in non-physical form i.e. direct data transmission through dedicated earth stations/satellite links, should
Feb 01, 1999
A D (M.A. Series) Circular No. 2 (January 8, 1999)
January 8, 1999A.D.(M.A. Series) Circular No.2To All Authorised Dealers in Foreign ExchangeDear Sirs, Foreign Direct Investment - Inflowdetails - Further liberalisation Attention of the authorised dealers is drawn to paragraph 10B.2(i) & (iii) of the Exchange Control Manual, regarding grant of general permission to Indian companies for issue and export of shares to their non-resident shareholders in certain cases. One of the conditions subject to which the general
January 8, 1999A.D.(M.A. Series) Circular No.2To All Authorised Dealers in Foreign ExchangeDear Sirs, Foreign Direct Investment - Inflowdetails - Further liberalisation Attention of the authorised dealers is drawn to paragraph 10B.2(i) & (iii) of the Exchange Control Manual, regarding grant of general permission to Indian companies for issue and export of shares to their non-resident shareholders in certain cases. One of the conditions subject to which the general
Jan 29, 1999
Acceptance of public deposits for NBFCs Submission of statutory return on liquid assets and special return
ATTENTION NBFCs1)The NBFCs having net owned fund below Rs.25 lakh are not allowed to accept public deposits2)The statutory return on liquid assets on quarterly basis must be submitted to the RBI whether NBFCs hold public deposits or not; and3)Non-submission of this return is violation of law attracting penaltiesPlease note the following: RBI has mailed to all NBFCs the blank forms of statutory returns on liquid assets to be maintained on public deposits and format for
ATTENTION NBFCs1)The NBFCs having net owned fund below Rs.25 lakh are not allowed to accept public deposits2)The statutory return on liquid assets on quarterly basis must be submitted to the RBI whether NBFCs hold public deposits or not; and3)Non-submission of this return is violation of law attracting penaltiesPlease note the following: RBI has mailed to all NBFCs the blank forms of statutory returns on liquid assets to be maintained on public deposits and format for
Dec 24, 1998
To all Non-Banking Financial Companies (NBFCs)
and Residuary Non-Banking Companies (RNBCs)
and Residuary Non-Banking Companies (RNBCs)
RESERVE BANK OF INDIADepartment of Non- Banking Supervision,Central Office, Centre 1, Cuffe Parade, Colaba, Mumbai, 400005Fax: 022 2150540 Telephone 2188122Telex 011 86135 RBI INTelegram : PARYAVEKSHANRef DNBS. No. CC. 07/02.01/98-99 December 18, 1998To all Non-Banking Financial Companies (NBFCs) and Residuary Non-Banking Companies (RNBCs) Dear Sir,Non-Banking Financial Companies –Amendments to Directions-----------------------------------------------P
RESERVE BANK OF INDIADepartment of Non- Banking Supervision,Central Office, Centre 1, Cuffe Parade, Colaba, Mumbai, 400005Fax: 022 2150540 Telephone 2188122Telex 011 86135 RBI INTelegram : PARYAVEKSHANRef DNBS. No. CC. 07/02.01/98-99 December 18, 1998To all Non-Banking Financial Companies (NBFCs) and Residuary Non-Banking Companies (RNBCs) Dear Sir,Non-Banking Financial Companies –Amendments to Directions-----------------------------------------------P
Dec 24, 1998
Summary of Recommendations of the
Task Force on NBFCs
Task Force on NBFCs
@@NBSP@@1. Diversification of financial markets is an important component of financial sector reforms. In this environment, NBFCs have flourished and have become prominent in a wide range of activities like hire purchase finance, housing finance, equipment leasing finance, loans and investments.2. It is recognised that the existing legislative and regulatory framework requires further refinement and improvement because of the rising number of defaulting NBFCs and the
@@NBSP@@1. Diversification of financial markets is an important component of financial sector reforms. In this environment, NBFCs have flourished and have become prominent in a wide range of activities like hire purchase finance, housing finance, equipment leasing finance, loans and investments.2. It is recognised that the existing legislative and regulatory framework requires further refinement and improvement because of the rising number of defaulting NBFCs and the
Dec 18, 1998
Notification No. DNBS. 130/CGM(VSNM)-98 dated December 18, 1998.
@@NBSP@@In exercise of the powers conferred by sub-section (1A) of section 45MA of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs that the directions contained in Notification No.DFC.117/DG(SPT)/98 dated January 2,1998 stand amended with immediate effect, as follows, namely In In paragraph 3, in sub-paragraph (B), after clause (i), the following clause (ia) shall be inserted, namely, -"(ia) whether the public deposit held by
@@NBSP@@In exercise of the powers conferred by sub-section (1A) of section 45MA of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs that the directions contained in Notification No.DFC.117/DG(SPT)/98 dated January 2,1998 stand amended with immediate effect, as follows, namely In In paragraph 3, in sub-paragraph (B), after clause (i), the following clause (ia) shall be inserted, namely, -"(ia) whether the public deposit held by
Dec 18, 1998
Notification No. DNBS. 131/CGM(VSNM)-98 dated December 18, 1998.
In exercise of the powers conferred under the sub-section (2) of section 45IB of the Reserve Bank of India Act, 1934 (2 of 1934) for the purpose of ensuring compliance with the maintenance of percentage of assets by non-banking financial companies, the Reserve Bank of India hereby directs that directions contained in Notification DFC(COC) No. 108/ED(JRP)-97 dated April 30, 1997 stand amended with immediate effect as under :1.In Form of Quarterly Return II, item 10 sha
In exercise of the powers conferred under the sub-section (2) of section 45IB of the Reserve Bank of India Act, 1934 (2 of 1934) for the purpose of ensuring compliance with the maintenance of percentage of assets by non-banking financial companies, the Reserve Bank of India hereby directs that directions contained in Notification DFC(COC) No. 108/ED(JRP)-97 dated April 30, 1997 stand amended with immediate effect as under :1.In Form of Quarterly Return II, item 10 sha
Dec 18, 1998
Notification No. DNBS. 127 /CGM(VSNM)-98 dated December 18, 1998.
The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial Companies Acceptance of Public Deposit (Reserve Bank) Directions, 1998, in exercise of the powers conferred by sections 45J, 45K, 45L and 45MA of the Reserve Bank of India Act, 1934 (2 of 1934) and of all the powe
The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial Companies Acceptance of Public Deposit (Reserve Bank) Directions, 1998, in exercise of the powers conferred by sections 45J, 45K, 45L and 45MA of the Reserve Bank of India Act, 1934 (2 of 1934) and of all the powe
Dec 18, 1998
Notification No. DNBS. 128/CGM(VSNM)-98 dated December 18, 1998.
@@NBSP@@The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998, in exercise of the powers conferred by section 45JA of the Reserve Bank of India Act, 1934 (2 of 1934) and of all the powers enabling it in this
@@NBSP@@The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to amend the Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998, in exercise of the powers conferred by section 45JA of the Reserve Bank of India Act, 1934 (2 of 1934) and of all the powers enabling it in this
Dec 18, 1998
Notification No. DNBS. 129/CGM(VSNM)-98 dated December 18, 1998.
@@NBSP@@In exercise of the powers conferred under exclusion clause (iv)(d) of section 45I(bb) of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India specifies the institutions as under : "a company incorporated under the Companies Act, 1956 (1 of 1956); a Corporation established by or under any Statute; and a cooperative society registered under the Cooperative Societies Act of any State."@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@
@@NBSP@@In exercise of the powers conferred under exclusion clause (iv)(d) of section 45I(bb) of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India specifies the institutions as under : "a company incorporated under the Companies Act, 1956 (1 of 1956); a Corporation established by or under any Statute; and a cooperative society registered under the Cooperative Societies Act of any State."@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@@NBSP@@@
Nov 12, 1998
Notification No. FERA 188/98 RB dated 11th November 1998.
Notification No. FERA 188/98 RB dated 11th November 1998. In pursuance of clause (a) and clause (d) of sub-section (1) of section 19 read with clause (b) of sub-section (1) of section 29 of the Foreign Exchange Regulation Act, 1973 (46 of 1973), the Reserve Bank directs that its notification No. FERA 180/98 RB dated 13th January 1998 as amended from time to time (hereinafter referred to as 'the said Notification'), shall be amended in the following manner, namely: i)
Notification No. FERA 188/98 RB dated 11th November 1998. In pursuance of clause (a) and clause (d) of sub-section (1) of section 19 read with clause (b) of sub-section (1) of section 29 of the Foreign Exchange Regulation Act, 1973 (46 of 1973), the Reserve Bank directs that its notification No. FERA 180/98 RB dated 13th January 1998 as amended from time to time (hereinafter referred to as 'the said Notification'), shall be amended in the following manner, namely: i)
Nov 12, 1998
Notification No.F.E.R.A. 189 /98 RB dated 11th November 1998.
Notification No.F.E.R.A. 189 /98 RB dated 11th November 1998. In pursuance of clause (a) and clause (d) of sub-section (1) of Section 19 read with clause (b) of sub-section (1) section 29 of the Foreign Exchange Regulation Act, 1973 (46 of 1973), the Reserve Bank directs that its notification No.F.E.R.A.182/98 RB dated 10th February 1998 as amended from time to time (hereinafter referred to as 'the said Notification'), shall be amended in the following manner, namely:
Notification No.F.E.R.A. 189 /98 RB dated 11th November 1998. In pursuance of clause (a) and clause (d) of sub-section (1) of Section 19 read with clause (b) of sub-section (1) section 29 of the Foreign Exchange Regulation Act, 1973 (46 of 1973), the Reserve Bank directs that its notification No.F.E.R.A.182/98 RB dated 10th February 1998 as amended from time to time (hereinafter referred to as 'the said Notification'), shall be amended in the following manner, namely:
Sep 10, 1998
Asset - Liability Management (ALM) System
DBOD No. BP. BC. 94/ 21. 04. 098/ 98September 10, 1998 ToAll Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Asset - Liability Management (ALM) System As you are aware, the RBI has decided to introduce the Asset- Liability Management (ALM) System, as a part of the Risk Management and control Systems in banks. We forward herewith broad Draft guidelines for measurement of liquidity risk and interest rate risk for putting in place the ALM System. Th
DBOD No. BP. BC. 94/ 21. 04. 098/ 98September 10, 1998 ToAll Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Asset - Liability Management (ALM) System As you are aware, the RBI has decided to introduce the Asset- Liability Management (ALM) System, as a part of the Risk Management and control Systems in banks. We forward herewith broad Draft guidelines for measurement of liquidity risk and interest rate risk for putting in place the ALM System. Th
Jun 11, 1998
Revision of pension of pre-1988 pensioners / family pensioners etc
GOVERNMENT OF RAJASTHAN FINANCE DEPARTMENT GOVERNMENT OF RAJASTHAN FINANCE DEPARTMENT (RULES DIVISION) MEMORANDUM No. F. 15 (5) FD (Rules) / 98 Jaipur, dated June 11,1998 Subject : Revision of pension of pre-1988 pensioners / family pensioners etc. The Governor is pleased to order that the pension/family pension of all pre-1.9.1988 service pensioners / family pensioners, hereinafter called pre – 1988 pensioners / family pensioners, who were in receipt of pension/ fami
GOVERNMENT OF RAJASTHAN FINANCE DEPARTMENT GOVERNMENT OF RAJASTHAN FINANCE DEPARTMENT (RULES DIVISION) MEMORANDUM No. F. 15 (5) FD (Rules) / 98 Jaipur, dated June 11,1998 Subject : Revision of pension of pre-1988 pensioners / family pensioners etc. The Governor is pleased to order that the pension/family pension of all pre-1.9.1988 service pensioners / family pensioners, hereinafter called pre – 1988 pensioners / family pensioners, who were in receipt of pension/ fami
May 12, 1998
DNBS PD NO.CC 06/02.01/97-98 dated May 12, 1998 issued to All Non- Banking Financial Companies and Residuary Non-Banking Companies (having Net Owned Fund of Rs.25 lakh and above)
Dear Sir, Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 - Amendments - Please refer to the Notification No.DFC.119/DG (SPT)-98 dated January 31, 1998 in terms of which Prudential Norms Directions were issued to NBFCs and RNBCs for mandatory compliance. 2. The Institute of Chartered Accountants of India (ICAI) expressed a view that valuation of Investments should be in alignment with the Accounting Standards issued by it and that ther
Dear Sir, Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 - Amendments - Please refer to the Notification No.DFC.119/DG (SPT)-98 dated January 31, 1998 in terms of which Prudential Norms Directions were issued to NBFCs and RNBCs for mandatory compliance. 2. The Institute of Chartered Accountants of India (ICAI) expressed a view that valuation of Investments should be in alignment with the Accounting Standards issued by it and that ther
Apr 29, 1998
Monetary and Credit Policy For the First Half of 1998-99
Monetary and Credit Policy For the First Half of 1998-99 Monetary Policy to support growth in 1998-99. Sufficient credit to be available for industrial revival. Bank Rate reduced by 1 percentage point. Concessions for exporters. A number of reform measures introduced to give greater freedom to banks and further reforms of financial system. Credit Policy to be more flexible. Annual monetary policy announcements to lay stress on structural measures. Dr. Bimal Jalan, Gov
Monetary and Credit Policy For the First Half of 1998-99 Monetary Policy to support growth in 1998-99. Sufficient credit to be available for industrial revival. Bank Rate reduced by 1 percentage point. Concessions for exporters. A number of reform measures introduced to give greater freedom to banks and further reforms of financial system. Credit Policy to be more flexible. Annual monetary policy announcements to lay stress on structural measures. Dr. Bimal Jalan, Gov
Mar 21, 1998
Amendments in Rajasthan Civil Services (Pension) Rules, 1996.
GOVERNMENT OF RAJASTHAN FINANCE DEPARTMENT GOVERNMENT OF RAJASTHAN FINANCE DEPARTMENT (RULES DIVISION) NOTIFICATION No.F.15 (3) FD (Rules)/ 97 Jaipur, dated March 21, 1998 Subject : Amendments in Rajasthan Civil Services (Pension) Rules, 1996. In exercise of the powers conferred by the provision to Article 309 of the Constitution, the Governor hereby makes the following rules further to amend the Rajasthan Civil Services (Pension) Rules 1996, namely :- 1. These rules
GOVERNMENT OF RAJASTHAN FINANCE DEPARTMENT GOVERNMENT OF RAJASTHAN FINANCE DEPARTMENT (RULES DIVISION) NOTIFICATION No.F.15 (3) FD (Rules)/ 97 Jaipur, dated March 21, 1998 Subject : Amendments in Rajasthan Civil Services (Pension) Rules, 1996. In exercise of the powers conferred by the provision to Article 309 of the Constitution, the Governor hereby makes the following rules further to amend the Rajasthan Civil Services (Pension) Rules 1996, namely :- 1. These rules
Jan 31, 1998
Notification No. DFC. 119 /DG(SPT)-98 Dated January 31, 1998.
Reserve Bank of IndiaDepartment of Financial CompaniesCentral Office15, Netaji Subhas RoadPost Box No. 571CalcuttaNotification No. DFC. 119 /DG(SPT)-98 Dated January 31, 1998.(AS AMENDED UPTO October 1, 2002)The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to issue the directions relating to the
Reserve Bank of IndiaDepartment of Financial CompaniesCentral Office15, Netaji Subhas RoadPost Box No. 571CalcuttaNotification No. DFC. 119 /DG(SPT)-98 Dated January 31, 1998.(AS AMENDED UPTO October 1, 2002)The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to issue the directions relating to the
Jan 02, 1998
Non-Banking Financial Companies (Reserve Bank) Directions, 1998 -- Notification No. DFC.114/DG(SPT)-98 dated the January 2, 1998
The Reserve Bank of India having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to give the directions set out below, hereby, in exercise of the powers conferred by sections 45J, 45K, 45L and 45MA of the Reserve Bank of India Act, 1934 (2 of 1934) and of all the powers enabling it in this behalf, and in supersession of the earlie
The Reserve Bank of India having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system to the advantage of the country, it is necessary to give the directions set out below, hereby, in exercise of the powers conferred by sections 45J, 45K, 45L and 45MA of the Reserve Bank of India Act, 1934 (2 of 1934) and of all the powers enabling it in this behalf, and in supersession of the earlie
Jan 02, 1998
Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 -- Notification No. DFC.115/DG(SPT)-98 dated the January 2, 1998
The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country and in the public interest, it is necessary to issue the directions relating to the prudential norms as set out below hereby, in exercise of the powers conferred by section 45JA of the Reserve Bank of India Act, 1934 (2 of 1934) and of all the powers enabling it in
The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the credit system to the advantage of the country and in the public interest, it is necessary to issue the directions relating to the prudential norms as set out below hereby, in exercise of the powers conferred by section 45JA of the Reserve Bank of India Act, 1934 (2 of 1934) and of all the powers enabling it in
Jan 02, 1998
Non-Banking Financial Companies Auditor's Report (Reserve Bank) Directions, 1998. -- Notification No. DFC.114/DG(SPT)-98 dated the January 2, 1998
In exercise of the powers conferred by sub-section (1A) of section 45MA of the Reserve Bank of India Act, 1934 (2 of 1934), Reserve Bank of India, hereby, gives to every auditor the directions hereinafter specified. Short title, application and commencement of the directions These directions shall be known as "Non-Banking Financial Companies Auditor's Report (Reserve Bank) Directions, 1998." These directions shall apply to every auditor of a non-banking financial comp
In exercise of the powers conferred by sub-section (1A) of section 45MA of the Reserve Bank of India Act, 1934 (2 of 1934), Reserve Bank of India, hereby, gives to every auditor the directions hereinafter specified. Short title, application and commencement of the directions These directions shall be known as "Non-Banking Financial Companies Auditor's Report (Reserve Bank) Directions, 1998." These directions shall apply to every auditor of a non-banking financial comp
Jan 02, 1998
Notification No. DFC.116/DG(SPT)-98 dated the January 2, 1998
In exercise of the powers conferred under sub-section (1) of section 45IB of the Reserve Bank of India Act, 1934 (2 of 1934), and in supersession of the Notification DFC (COC) No. 110. ED(SG)/97 dated June 18, 1997, Reserve Bank of India hereby specifies that, the percentage of unencumbered approved securities to be maintained by a non-banking financial company which is holding `public deposit' as defined in paragraph 2(xi) of the Non-Banking Financial Companies (Rese
In exercise of the powers conferred under sub-section (1) of section 45IB of the Reserve Bank of India Act, 1934 (2 of 1934), and in supersession of the Notification DFC (COC) No. 110. ED(SG)/97 dated June 18, 1997, Reserve Bank of India hereby specifies that, the percentage of unencumbered approved securities to be maintained by a non-banking financial company which is holding `public deposit' as defined in paragraph 2(xi) of the Non-Banking Financial Companies (Rese
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