Internal assignments in banks by statutory auditors

RBI/2008-09/ 335 Ref.DBS.ARS.No.BC. 02/ 08.91.001/ 2008-09 December@@NBSP@@ 31, 2008 All Scheduled Commercial Banks Dear Sir/ Madam, Internal assignments in banks by statutory auditors We invite a reference to RBI circular DBOD.No.App.BC.118/C.452(K)-89 dated April 22, 1989, wherein it was clarified to banks that any audit firm which has been assigned internal audit assignments during a financial year should not be considered for statutory audit assignments during tha

RBI/2008-09/ 335 Ref.DBS.ARS.No.BC. 02/ 08.91.001/ 2008-09 December@@NBSP@@ 31, 2008 All Scheduled Commercial Banks Dear Sir/ Madam, Internal assignments in banks by statutory auditors We invite a reference to RBI circular DBOD.No.App.BC.118/C.452(K)-89 dated April 22, 1989, wherein it was clarified to banks that any audit firm which has been assigned internal audit assignments during a financial year should not be considered for statutory audit assignments during tha

Internal assignments in banks by statutory auditors

Inclusion of Issues pertaining to MSME Sector in SLBC Meetings

RBI/2008-09/334RPCD.LBS.CO.BC.No. 79 /02.01.01/2008-09December 30, 2008The Chairman/Executive Director,All SLBC Convenor Banks(As per mailing list)Dear Sir/ Madam,Inclusion of Issues pertaining to MSME Sector in SLBC Meetings As you are aware, the State Level Bankers' Committee (SLBC) is a critical focal point for coordination among banks and agencies of the State and Central Government to ensure adequate and timely flow of credit to needy sectors. In this connection,

RBI/2008-09/334RPCD.LBS.CO.BC.No. 79 /02.01.01/2008-09December 30, 2008The Chairman/Executive Director,All SLBC Convenor Banks(As per mailing list)Dear Sir/ Madam,Inclusion of Issues pertaining to MSME Sector in SLBC Meetings As you are aware, the State Level Bankers' Committee (SLBC) is a critical focal point for coordination among banks and agencies of the State and Central Government to ensure adequate and timely flow of credit to needy sectors. In this connection,

Inclusion of Issues pertaining to MSME Sector in SLBC Meetings

Raising of Short Term foreign currency Borrowings - NBFCs-ND-SI

RBI 2008-09/329 DNBS. PD. CC . No. /132/22.10.72/ 2008-09 December 23, 2008 All Non-deposit taking NBFCs with assets size of Rs. 100 crore and above Dear Sir,@@NBSP@@ Raising of@@NBSP@@ Short Term foreign currency Borrowings@@NBSP@@ - NBFCs-ND-SI@@NBSP@@ Systemically Important Non-Deposit taking NBFCs (NBFCs-ND-SI) have been permitted, as a temporary measure, to raise foreign currency short term borrowings under the approval route subject to certain conditions in term

RBI 2008-09/329 DNBS. PD. CC . No. /132/22.10.72/ 2008-09 December 23, 2008 All Non-deposit taking NBFCs with assets size of Rs. 100 crore and above Dear Sir,@@NBSP@@ Raising of@@NBSP@@ Short Term foreign currency Borrowings@@NBSP@@ - NBFCs-ND-SI@@NBSP@@ Systemically Important Non-Deposit taking NBFCs (NBFCs-ND-SI) have been permitted, as a temporary measure, to raise foreign currency short term borrowings under the approval route subject to certain conditions in term

Raising of Short Term foreign currency Borrowings - NBFCs-ND-SI

StCBs/DCCBs - Disclosing all information relating to processing fees/charges

RBI/2008-09/328RPCD.CO.RF.BC.No.78/07.38.01/2008-09December 19, 2008All State Co-operative Banks (StCBs) andCentral Co-operative Banks (DCCBs)Dear Sir,Disclosing all information relating to processing fees / chargesPlease refer to paragraph 4 of our circular RPCD.CO.RF.BC.No.93/ 07.38.01/2006-07 dated May 16, 2007 regarding complaints about excessive interest charged by banks, wherein State and Central Co-operative Banks were advised to lay down appropriate internal p

RBI/2008-09/328RPCD.CO.RF.BC.No.78/07.38.01/2008-09December 19, 2008All State Co-operative Banks (StCBs) andCentral Co-operative Banks (DCCBs)Dear Sir,Disclosing all information relating to processing fees / chargesPlease refer to paragraph 4 of our circular RPCD.CO.RF.BC.No.93/ 07.38.01/2006-07 dated May 16, 2007 regarding complaints about excessive interest charged by banks, wherein State and Central Co-operative Banks were advised to lay down appropriate internal p

StCBs/DCCBs - Disclosing all information relating to processing fees/charges

RRBs - Inclusion in/exclusion from Second Schedule to RBI Act, 1934

RBI/2008-09/327 RPCD.CO.RRB. No. BC.77 / 03.05.100/2008-09 December 17, 2008 All Regional Rural Banks Dear Sir, Inclusion in / exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – Regional Rural Banks (RRBs) We advise that the names of 25 amalgamated Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification RPCD.CO.RRB.No.3231/03.05.100 /2008-09 dated September 22, 2008@@NBSP@@ publishe

RBI/2008-09/327 RPCD.CO.RRB. No. BC.77 / 03.05.100/2008-09 December 17, 2008 All Regional Rural Banks Dear Sir, Inclusion in / exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – Regional Rural Banks (RRBs) We advise that the names of 25 amalgamated Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification RPCD.CO.RRB.No.3231/03.05.100 /2008-09 dated September 22, 2008@@NBSP@@ publishe

RRBs - Inclusion in/exclusion from Second Schedule to RBI Act, 1934

Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 - JSC VTB Bank

RBI/2008-09/325 Ref: DBOD.No. Ret. BC.99/12.06.122 /2008-09 December 16, 2008 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – JSC VTB Bank We advise that the name of "JSC VTB Bank" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD. IBD. No. 2091 /23.13.126/2008-09 dated July 30, 2008, published in the Gazette of India (Part III - Section 4) dated Septe

RBI/2008-09/325 Ref: DBOD.No. Ret. BC.99/12.06.122 /2008-09 December 16, 2008 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – JSC VTB Bank We advise that the name of "JSC VTB Bank" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD. IBD. No. 2091 /23.13.126/2008-09 dated July 30, 2008, published in the Gazette of India (Part III - Section 4) dated Septe

Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 - JSC VTB Bank

Credit delivery to Micro and Small Enterprises

RBI/2008-09/ 324 RPCD. SME&NFS.BC.No. 76 / 06.02.31(P)/2008-09 December 16, 2008 To All Commercial Banks (Including RRBs and LABs) Dear Sir, Credit delivery to Micro and Small Enterprises In the context of the global developments and the knock on effects in the domestic credit markets, RBI has taken several measures to enhance credit delivery to the employment intensive micro and small enterprises (MSE) sector.@@NBSP@@ 2. Specifically, the following initiatives fo

RBI/2008-09/ 324 RPCD. SME&NFS.BC.No. 76 / 06.02.31(P)/2008-09 December 16, 2008 To All Commercial Banks (Including RRBs and LABs) Dear Sir, Credit delivery to Micro and Small Enterprises In the context of the global developments and the knock on effects in the domestic credit markets, RBI has taken several measures to enhance credit delivery to the employment intensive micro and small enterprises (MSE) sector.@@NBSP@@ 2. Specifically, the following initiatives fo

Credit delivery to Micro and Small Enterprises

Loans extended to MFs/issue of irrevocable payment commitments

RBI/2008-09/323 DBOD.No.Dir.BC.98/13.03.00/2008-2009 December 12, 2008 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Banks’ Exposure to Capital Market – Loans extended by banks to Mutual Funds and Issue of Irrevocable Payment Commitments (IPCs) Please refer to our circular No.DBOD.Dir.BC.41/13.03.00/2008-2009 dated September 10, 2008, in terms of which the transition period allowed to banks to comply with the requirements contained in our circular No.DBOD.D

RBI/2008-09/323 DBOD.No.Dir.BC.98/13.03.00/2008-2009 December 12, 2008 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Banks’ Exposure to Capital Market – Loans extended by banks to Mutual Funds and Issue of Irrevocable Payment Commitments (IPCs) Please refer to our circular No.DBOD.Dir.BC.41/13.03.00/2008-2009 dated September 10, 2008, in terms of which the transition period allowed to banks to comply with the requirements contained in our circular No.DBOD.D

Loans extended to MFs/issue of irrevocable payment commitments

Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks

RBI/2008-09/322 DBOD.No.BP. 97 /21.04.158/2008-09 December 11, 2008 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks Please refer to Para 7 of our circular DBOD.No.BP.40/21.04.158/2006-07@@NBSP@@@@NBSP@@dated@@NBSP@@@@NBSP@@ November 3, 2006 on the captioned subject. 2. It has been decided to add a new sub para 7.4 as below: “As regards the off-shore outsourcing of

RBI/2008-09/322 DBOD.No.BP. 97 /21.04.158/2008-09 December 11, 2008 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks Please refer to Para 7 of our circular DBOD.No.BP.40/21.04.158/2006-07@@NBSP@@@@NBSP@@dated@@NBSP@@@@NBSP@@ November 3, 2006 on the captioned subject. 2. It has been decided to add a new sub para 7.4 as below: “As regards the off-shore outsourcing of

Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks

Guidelines on Fair Practices Code for Lenders - Disclosing all information relating to processing fees / charges

RBI / 2008-09/320 RPCD.CO.RRB.BC.No.75 /03.05.28-B/2008-09 December 10, 2008 All Regional Rural Banks Dear Sir, Guidelines on Fair Practices Code for Lenders- Disclosing all information relating to processing fees / charges Please refer to our circular RPCD.BOS./81/13.33.01/2005-06 dated May 16, 2006 on the captioned subject in respect of which all commercial banks including RRBs were advised to display charges related to certain services in their offices/branches. 2.

RBI / 2008-09/320 RPCD.CO.RRB.BC.No.75 /03.05.28-B/2008-09 December 10, 2008 All Regional Rural Banks Dear Sir, Guidelines on Fair Practices Code for Lenders- Disclosing all information relating to processing fees / charges Please refer to our circular RPCD.BOS./81/13.33.01/2005-06 dated May 16, 2006 on the captioned subject in respect of which all commercial banks including RRBs were advised to display charges related to certain services in their offices/branches. 2.

Guidelines on Fair Practices Code for Lenders - Disclosing all information relating to processing fees / charges