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Jan 10, 2001
Non - acceptance of Rs.500/- denomination notes
DCM. 300 /08.04.21/2000-2001January 5, 2001The ChairmanAll Commercial and Co-operative BanksDear Sir,Non - acceptance of Rs.500/- denomination notesIt has been brought to our notice that some bank branches are either not accepting Rs.500/- denomination notes or do so after getting their numbers, etc. listed by the tenderers.2.We would, therefore, like to draw your attention to our letter DCM.No.927/08.06.01/97-98 dated 18th June 1998 and once again clarify that all Rs
DCM. 300 /08.04.21/2000-2001January 5, 2001The ChairmanAll Commercial and Co-operative BanksDear Sir,Non - acceptance of Rs.500/- denomination notesIt has been brought to our notice that some bank branches are either not accepting Rs.500/- denomination notes or do so after getting their numbers, etc. listed by the tenderers.2.We would, therefore, like to draw your attention to our letter DCM.No.927/08.06.01/97-98 dated 18th June 1998 and once again clarify that all Rs
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Jan 09, 2001
Foreign Exchange Management (Transfer or Issue of
Security by a Person Resident outside India)
(Amendment) Regulations, 2000
Security by a Person Resident outside India)
(Amendment) Regulations, 2000
Notification No. FEMA 32 /2000-RB dated 26th December 2000 Foreign Exchange Management (Transfer or Issue ofSecurity by a Person Resident outside India)(Amendment) Regulations, 2000 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its notification No. FEMA 20/2000-RB dated 3rd May, 2000, the Reserve Bank of India makes the following
Notification No. FEMA 32 /2000-RB dated 26th December 2000 Foreign Exchange Management (Transfer or Issue ofSecurity by a Person Resident outside India)(Amendment) Regulations, 2000 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its notification No. FEMA 20/2000-RB dated 3rd May, 2000, the Reserve Bank of India makes the following
Jan 09, 2001
Interest Rates on Deposits
DBOD No. Dir.BC. 62/13.03.00/2000-2001January 03, 2001Pausha 13,1922(Saka)Interest Rates on DepositsIn exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949 and in partial modification of its Directive DBOD.No.Dir. BC.46/13.03.00/2000-2001 dated November 4, 2000, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that the existing sub-clause (iii) of clause
DBOD No. Dir.BC. 62/13.03.00/2000-2001January 03, 2001Pausha 13,1922(Saka)Interest Rates on DepositsIn exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949 and in partial modification of its Directive DBOD.No.Dir. BC.46/13.03.00/2000-2001 dated November 4, 2000, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that the existing sub-clause (iii) of clause
Jan 09, 2001
Foreign Currency (Non-Resident) Accounts (Banks) Scheme
DBOD No. Dir.BC. 63/13.03.00/2000-2001January 03, 2001Pausha 13,1922(Saka)Foreign Currency (Non-Resident) Accounts (Banks) SchemeIn exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that in the Bank's directive DBOD.No.Dir.BC.48/13.03.00/2000-2001 dated November 4, 2000, the existing sub-clause (iii) o
DBOD No. Dir.BC. 63/13.03.00/2000-2001January 03, 2001Pausha 13,1922(Saka)Foreign Currency (Non-Resident) Accounts (Banks) SchemeIn exercise of the powers conferred by Sections 21 and 35A of the Banking Regulation Act, 1949, the Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest so to do, hereby directs that in the Bank's directive DBOD.No.Dir.BC.48/13.03.00/2000-2001 dated November 4, 2000, the existing sub-clause (iii) o
Jan 09, 2001
Payment of interest on the term
deposit of a deceased depositor
deposit of a deceased depositor
DBOD No.Dir.BC. 64/13.03.00/2000-2001January 03, 2001Pausha 13, 1922(Saka)All Commercial Banks(Including Regional Rural Banks/Local Area Banks)Dear SirPayment of interest on the term deposit of a deceased depositorPlease refer to the paragraph 14 of our Directive DBOD No.Dir.BC.46/13.03.00/ 2000-2001 dated November 4, 2000 and paragraph 9 of our Directive DBOD No.Dir.BC.48/13.03.00/2000-2001 dated November 4, 2000 regarding payment of interest on the deposit account o
DBOD No.Dir.BC. 64/13.03.00/2000-2001January 03, 2001Pausha 13, 1922(Saka)All Commercial Banks(Including Regional Rural Banks/Local Area Banks)Dear SirPayment of interest on the term deposit of a deceased depositorPlease refer to the paragraph 14 of our Directive DBOD No.Dir.BC.46/13.03.00/ 2000-2001 dated November 4, 2000 and paragraph 9 of our Directive DBOD No.Dir.BC.48/13.03.00/2000-2001 dated November 4, 2000 regarding payment of interest on the deposit account o
Jan 09, 2001
Safeguards for opening of and granting
loans against non-resident deposits
loans against non-resident deposits
DBOD No. Dir.BC 66/13.03.00/2000January 08, 2001Pausha 18,1922(S)All Commercial BanksDear Sirs,Safeguards for opening of and grantingloans against non-resident depositsIn order to check the instances of cases of cheating/fraud in deposit accounts of Non-Resident Indians (NRIs), banks were advised to observe safeguards while opening the deposit accounts as well as while granting loans and advances against such deposits in terms of our circulars DBOD No. Dir.BC. 8/13.01
DBOD No. Dir.BC 66/13.03.00/2000January 08, 2001Pausha 18,1922(S)All Commercial BanksDear Sirs,Safeguards for opening of and grantingloans against non-resident depositsIn order to check the instances of cases of cheating/fraud in deposit accounts of Non-Resident Indians (NRIs), banks were advised to observe safeguards while opening the deposit accounts as well as while granting loans and advances against such deposits in terms of our circulars DBOD No. Dir.BC. 8/13.01
Jan 09, 2001
Foreign Exchange Management Act, 1999 –
Investment in Indian Venture Capital Undertakings
by registered Foreign Venture Capital Investors
A.P. (DIR Series) Circular No.24 (January 6, 2001)
Investment in Indian Venture Capital Undertakings
by registered Foreign Venture Capital Investors
A.P. (DIR Series) Circular No.24 (January 6, 2001)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI – 400 001A.P. (DIR Series) Circular No.24January 6, 2001ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Foreign Exchange Management Act, 1999 –Investment in Indian Venture Capital Undertakingsby registered Foreign Venture Capital Investors Attention of authorised dealers is invited to "Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 20
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI – 400 001A.P. (DIR Series) Circular No.24January 6, 2001ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Foreign Exchange Management Act, 1999 –Investment in Indian Venture Capital Undertakingsby registered Foreign Venture Capital Investors Attention of authorised dealers is invited to "Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 20
Jan 05, 2001
Interest Rate Surcharge on Import Finance
IECD.No. 8 / 08.14.01/2000-01January 5, 2001The Chairmen/ Chief Executivesof commercial banksDear Sirs,Interest Rate Surcharge on Import Finance Please refer to our circular IECD. No.16/08.14.01/99-2000 dated May 25, 2000 regarding introduction of the levy of the interest rate surcharge on import finance. On a review of the current situation, it has been decided to withdraw the interest rate surcharge on import finance effective January 6, 2001. Accordingly, fresh dra
IECD.No. 8 / 08.14.01/2000-01January 5, 2001The Chairmen/ Chief Executivesof commercial banksDear Sirs,Interest Rate Surcharge on Import Finance Please refer to our circular IECD. No.16/08.14.01/99-2000 dated May 25, 2000 regarding introduction of the levy of the interest rate surcharge on import finance. On a review of the current situation, it has been decided to withdraw the interest rate surcharge on import finance effective January 6, 2001. Accordingly, fresh dra
Jan 05, 2001
Interest Rate on Export Credit
IECD. No. 9 /04.02.01/2000-01January 5, 2001The Chairmen/Chief Executivesof commercial banksDear Sirs,Interest Rate on Export CreditPlease refer to our circular IECD.No.15/04.02.01/99-2000 dated May 25, 2000 regarding prescription of interest rate at 25 per cent per annum (minimum) for Export Credit Not Otherwise Specified (ECNOS) at post-shipment stage applicable to overdue export bills. 2. On a review of the current situation, it has been decided that the prescripti
IECD. No. 9 /04.02.01/2000-01January 5, 2001The Chairmen/Chief Executivesof commercial banksDear Sirs,Interest Rate on Export CreditPlease refer to our circular IECD.No.15/04.02.01/99-2000 dated May 25, 2000 regarding prescription of interest rate at 25 per cent per annum (minimum) for Export Credit Not Otherwise Specified (ECNOS) at post-shipment stage applicable to overdue export bills. 2. On a review of the current situation, it has been decided that the prescripti
Jan 03, 2001
Foreign Exchange Management Act, 1999 Returns and Statements
A.P. (DIR Series) Circular No.23 (December 30, 2000)
A.P. (DIR Series) Circular No.23 (December 30, 2000)
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001A.P. (DIR Series) Circular No.23December 30, 2000ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Foreign Exchange Management Act, 1999 –Returns and Statements Attention of authorised dealers is invited to paragraph 3 of A.D.(M.A. Series) Circular No.11 dated May 16, 2000, advising them to be guided by the provisions of the Exchange Control Manual (1993 edition) regarding matters listed i
RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001A.P. (DIR Series) Circular No.23December 30, 2000ToAll Authorised Dealers in Foreign ExchangeDear Sirs,Foreign Exchange Management Act, 1999 –Returns and Statements Attention of authorised dealers is invited to paragraph 3 of A.D.(M.A. Series) Circular No.11 dated May 16, 2000, advising them to be guided by the provisions of the Exchange Control Manual (1993 edition) regarding matters listed i
Dec 27, 2000
Section 42 of Reserve Bank of India Act, 1934 - Cash Reserve Ratio (CRR)- Maintenance of minimum level of 65 per cent on a daily basis.
DBOD BC No. 60 / 12.01.001 /2000-0127.12.2000All Scheduled Commercial Banks(Excluding Regional Rural Banks)Dear Sir,Section 42 of Reserve Bank of India Act, 1934 - Cash Reserve Ratio (CRR)-Maintenance of minimum level of 65 per cent on a daily basis.As per the extant instructions the banks are required to maintain a minimum level of 65.0 per cent of the CRR balances required to be maintained by banks on each of the days of the reporting fortnight beginning the first w
DBOD BC No. 60 / 12.01.001 /2000-0127.12.2000All Scheduled Commercial Banks(Excluding Regional Rural Banks)Dear Sir,Section 42 of Reserve Bank of India Act, 1934 - Cash Reserve Ratio (CRR)-Maintenance of minimum level of 65 per cent on a daily basis.As per the extant instructions the banks are required to maintain a minimum level of 65.0 per cent of the CRR balances required to be maintained by banks on each of the days of the reporting fortnight beginning the first w
Dec 22, 2000
Asian Clearing Union (ACU) Payment
of Interest on ACU dollar Accounts
of Interest on ACU dollar Accounts
Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & Development Centre - 1, World Trade CentreCuffe Parade, Colaba, Mumbai - 400 005DBOD No. Dir.BC. 58/13.01.09/2000December 19, 2000All Commercial BanksDear Sirs,Asian Clearing Union (ACU) Payment of Interest on ACU dollar AccountsFor the purpose of putting through the transactions under ACU mechanism, the banks in one member country are allowed to open ACU Dollar accounts with commercial banks i
Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & Development Centre - 1, World Trade CentreCuffe Parade, Colaba, Mumbai - 400 005DBOD No. Dir.BC. 58/13.01.09/2000December 19, 2000All Commercial BanksDear Sirs,Asian Clearing Union (ACU) Payment of Interest on ACU dollar AccountsFor the purpose of putting through the transactions under ACU mechanism, the banks in one member country are allowed to open ACU Dollar accounts with commercial banks i
Dec 22, 2000
Selective Credit Control Granting of fresh/
additional limits to borrowers dealing in sensitive
commodities Delegation of powers
additional limits to borrowers dealing in sensitive
commodities Delegation of powers
Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & Development Centre - 1, World Trade CentreCuffe Parade, Colaba, Mumbai - 400 005DBOD.No.Dir.BC. 52/13.08.01/ 00-01November 23, 2000All Commercial Banks(Including Regional Rural Banks andLocal Area Banks)Dear Sir,Selective Credit Control Granting of fresh/additional limits to borrowers dealing in sensitivecommodities Delegation of powersPlease refer to our circular DBOD.NO. Dir.BC.32/13.08.01
Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & Development Centre - 1, World Trade CentreCuffe Parade, Colaba, Mumbai - 400 005DBOD.No.Dir.BC. 52/13.08.01/ 00-01November 23, 2000All Commercial Banks(Including Regional Rural Banks andLocal Area Banks)Dear Sir,Selective Credit Control Granting of fresh/additional limits to borrowers dealing in sensitivecommodities Delegation of powersPlease refer to our circular DBOD.NO. Dir.BC.32/13.08.01
Dec 22, 2000
Selective Credit Controls on advances
against Sugar Minimum Margins on
levy/free sale/buffer stock of sugar
against Sugar Minimum Margins on
levy/free sale/buffer stock of sugar
Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & Development Centre - 1, World Trade CentreCuffe Parade, Colaba, Mumbai - 400 005DBOD DIR.No. 53/13.08.01/2000-2001November 27, 2000All Regional Rural Banks (RRBs)and Local Area Banks (LABs)Dear Sirs,Selective Credit Controls on advancesagainst Sugar Minimum Margins onlevy/free sale/buffer stock of sugarPlease refer to our circular DBOD No. DIR BC 126/13.08.01/97 dated October 21, 1997, in term
Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & Development Centre - 1, World Trade CentreCuffe Parade, Colaba, Mumbai - 400 005DBOD DIR.No. 53/13.08.01/2000-2001November 27, 2000All Regional Rural Banks (RRBs)and Local Area Banks (LABs)Dear Sirs,Selective Credit Controls on advancesagainst Sugar Minimum Margins onlevy/free sale/buffer stock of sugarPlease refer to our circular DBOD No. DIR BC 126/13.08.01/97 dated October 21, 1997, in term
Dec 12, 2000
GDRs / ADRs issues by FIs
Ref DBS.FID No.C 1/01.02.00-2000/2001July 20, 2000All India Term Lending and Refinancing InstitutionsDear Sir,GDRs / ADRs issues by FIsAs you are aware, FIs are permitted to raise capital through issue of Global Depository Receipts (GDRs) or American Depository Receipts (ADRs) within the limits prescribed for Foreign Direct Investment by the Government of India. As per the guidelines issued by the Government of India for ADR / GDR issues, FIs are eligible for GDR / AD
Ref DBS.FID No.C 1/01.02.00-2000/2001July 20, 2000All India Term Lending and Refinancing InstitutionsDear Sir,GDRs / ADRs issues by FIsAs you are aware, FIs are permitted to raise capital through issue of Global Depository Receipts (GDRs) or American Depository Receipts (ADRs) within the limits prescribed for Foreign Direct Investment by the Government of India. As per the guidelines issued by the Government of India for ADR / GDR issues, FIs are eligible for GDR / AD
Dec 12, 2000
Guidelines for recovery of dues relating
to Non Performing Assets ( NPAs )
to Non Performing Assets ( NPAs )
Ref DBS.FID No.C.2/01.02.00/2000-2001July 28, 2000CONFIDENTIALThe Chairman & Managing Director of all CentralPublic Financial Institutions( IDBI, IFCI, IIBI, Exim Bank, TFCI, IDFC, NABARD, NHB and SIDBI )Dear Sir,Guidelines for recovery of dues relatingto Non Performing Assets ( NPAs )Please find enclosed herewith DBOD Circular No.BP.BC.11/21.01.040/99-00 dated July 27, 2000 on the above subject.It is advised that the above guidelines issued to public sector banks
Ref DBS.FID No.C.2/01.02.00/2000-2001July 28, 2000CONFIDENTIALThe Chairman & Managing Director of all CentralPublic Financial Institutions( IDBI, IFCI, IIBI, Exim Bank, TFCI, IDFC, NABARD, NHB and SIDBI )Dear Sir,Guidelines for recovery of dues relatingto Non Performing Assets ( NPAs )Please find enclosed herewith DBOD Circular No.BP.BC.11/21.01.040/99-00 dated July 27, 2000 on the above subject.It is advised that the above guidelines issued to public sector banks
Dec 12, 2000
Financial Assistance to Industries Producing /
Consuming Ozone Depleting Substances (ODS)
Consuming Ozone Depleting Substances (ODS)
Ref DBS.FID No.C.3/.02.01.00/2000-2001August 24, 2000All Term Lending and Refinancing InstitutionsDear Sir,Financial Assistance to Industries Producing /Consuming Ozone Depleting Substances (ODS)Government of India had advised that as per the Montreal Protocol, to which India is a party, Ozone Depleting Substances (ODS) are required to be phased out as per schedule prescribed therein. The list of chemicals given in Annexures A and B to the Montreal Protocol is enclose
Ref DBS.FID No.C.3/.02.01.00/2000-2001August 24, 2000All Term Lending and Refinancing InstitutionsDear Sir,Financial Assistance to Industries Producing /Consuming Ozone Depleting Substances (ODS)Government of India had advised that as per the Montreal Protocol, to which India is a party, Ozone Depleting Substances (ODS) are required to be phased out as per schedule prescribed therein. The list of chemicals given in Annexures A and B to the Montreal Protocol is enclose
Dec 12, 2000
Guidelines for Recovery of Dues Relating
to Non Performing Assets ( NPAs )
to Non Performing Assets ( NPAs )
Ref DBS.FID No.C-4/01.02.00/2000-2001August 31, 2000The Chairman & Managing Directors of allCentral Public Financial Institutions ( IDBI, IFCI Ltd., IIBI Ltd., Exim Bank, TFCI Ltd. NABARD, NHB and SIDBI )Dear Sir,Guidelines for Recovery of Dues Relatingto Non Performing Assets ( NPAs )Please refer to our Circular DBS.FID.No.2/01.02.00/2000-2001 dated July 28, 2000 enclosing therewith DBOD Circular No.BP.BC.11/21.01.040/99-2000 dated July 27, 2000 on the above subj
Ref DBS.FID No.C-4/01.02.00/2000-2001August 31, 2000The Chairman & Managing Directors of allCentral Public Financial Institutions ( IDBI, IFCI Ltd., IIBI Ltd., Exim Bank, TFCI Ltd. NABARD, NHB and SIDBI )Dear Sir,Guidelines for Recovery of Dues Relatingto Non Performing Assets ( NPAs )Please refer to our Circular DBS.FID.No.2/01.02.00/2000-2001 dated July 28, 2000 enclosing therewith DBOD Circular No.BP.BC.11/21.01.040/99-2000 dated July 27, 2000 on the above subj
Dec 12, 2000
Advances against shares and debentures
Ref DBS.FID No. C.5 / 02.01.00/2000-2001September 19, 2000The Chairman & Managing Director,All-India Term Lending and Refinance Institutions.Dear Sir,Advances against shares and debentures It has been brought to our notice that a financial institution has granted advances against shares that were already pledged with some other financial institution for obtaining loans against them. Such type of fraud could have been avoided if the transfer procedure or registrati
Ref DBS.FID No. C.5 / 02.01.00/2000-2001September 19, 2000The Chairman & Managing Director,All-India Term Lending and Refinance Institutions.Dear Sir,Advances against shares and debentures It has been brought to our notice that a financial institution has granted advances against shares that were already pledged with some other financial institution for obtaining loans against them. Such type of fraud could have been avoided if the transfer procedure or registrati
Dec 12, 2000
Development in the Money Market- Rating of Term Deposits
Ref DBS.FID No. c-6 / 09.01.02/ 2000-01October 10, 2000Ashwina 18, 1922To Chairmen / Chief ExecutivesAll-India Term lending and Refinancing InstitutionsDear Sir, Development in the Money Market- Rating of Term Deposits As you are aware, select all India Financial Institutions, which are governed by the RBI guidelines, can raise resources upto an Umbrella Limit equivalent to 100 per cent of NOF as per the latest audited balance sheet, by way of various instruments in
Ref DBS.FID No. c-6 / 09.01.02/ 2000-01October 10, 2000Ashwina 18, 1922To Chairmen / Chief ExecutivesAll-India Term lending and Refinancing InstitutionsDear Sir, Development in the Money Market- Rating of Term Deposits As you are aware, select all India Financial Institutions, which are governed by the RBI guidelines, can raise resources upto an Umbrella Limit equivalent to 100 per cent of NOF as per the latest audited balance sheet, by way of various instruments in
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Page Last Updated on: November 23, 2022
