RRBs - Interest Rates on NRE Deposits and FCNR (B) Deposits

RBI/2008-09/235 RPCD.No.RRB.BC.54/03.05.33(C)/2008-09 October 15, 2008 All Regional Rural Banks Dear Sir, Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular RPCD. No. RRB. BC. 33/03.05.33©/2008-09 dated September 18, 2008 on Interest Rates on Deposits held in Non-Resident (External) Rupee (NRE) Accounts. On a review, it has been decided that unt

RBI/2008-09/235 RPCD.No.RRB.BC.54/03.05.33(C)/2008-09 October 15, 2008 All Regional Rural Banks Dear Sir, Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits Interest Rates on Non-Resident (External) Rupee (NRE) Deposits Please refer to our circular RPCD. No. RRB. BC. 33/03.05.33©/2008-09 dated September 18, 2008 on Interest Rates on Deposits held in Non-Resident (External) Rupee (NRE) Accounts. On a review, it has been decided that unt

RRBs - Interest Rates on NRE Deposits and FCNR (B) Deposits

Interest Rate on FCNR(B) Deposits

RBI/2008-09/232 RPCD.CO.RF.BC.No.50/ 07.38.01/2008-09 October 15, 2008 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Interest Rate on FCNR(B) Deposits Please refer to our circular RPCD.CO.RF.BC.No.31/07.38.01/2008-09 dated September 17, 2008 on Interest Rate on FCNR(B) Deposits. On a review, it has been decided that until further notice and with effect from the close of business in India as on

RBI/2008-09/232 RPCD.CO.RF.BC.No.50/ 07.38.01/2008-09 October 15, 2008 The Managing Director Maharashtra State Co-operative Bank Ltd. 9, Nagindas Master Road Extension, Fort Mumbai-1 Dear Sir, Interest Rate on FCNR(B) Deposits Please refer to our circular RPCD.CO.RF.BC.No.31/07.38.01/2008-09 dated September 17, 2008 on Interest Rate on FCNR(B) Deposits. On a review, it has been decided that until further notice and with effect from the close of business in India as on

Interest Rate on FCNR(B) Deposits

Scheduled StCBs - Reduction in CRR

RBI/2008-2009/231 RPCD.CO.RF.BC.No. 48/07.02.01/2008-09 October 15, 2008@@NBSP@@ @@NBSP@@All Scheduled State Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934 - Maintenance of CRR Please refer to our Circular RPCD.CO.RF.BC.No.43/07.02.01/2008-09 dated October 10, 2008 on the captioned subject, advising reduction in Cash Reserve Ration (CRR) by 150 basis points from 9.00 per cent to 7.50 per cent of net demand and time liabilities (NDTL) wit

RBI/2008-2009/231 RPCD.CO.RF.BC.No. 48/07.02.01/2008-09 October 15, 2008@@NBSP@@ @@NBSP@@All Scheduled State Co-operative Banks Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934 - Maintenance of CRR Please refer to our Circular RPCD.CO.RF.BC.No.43/07.02.01/2008-09 dated October 10, 2008 on the captioned subject, advising reduction in Cash Reserve Ration (CRR) by 150 basis points from 9.00 per cent to 7.50 per cent of net demand and time liabilities (NDTL) wit

Scheduled StCBs - Reduction in CRR

StCBs/DCCBs - Interest Rate on NRE Deposits

RBI/2008-09/233RPCD.CO.RF.BC.No.52/07.38.01/2008-09October 15, 2008 All State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs)Dear Sir,Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to our Circular RPCD.CO.RF.BC.No.29/07.38.01/2008-09 dated September 17, 2008 on Interest Rate on NRE Rupee Deposits. On a review, it has been decided that until further notice and with effect from close of business in India as on Octob

RBI/2008-09/233RPCD.CO.RF.BC.No.52/07.38.01/2008-09October 15, 2008 All State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs)Dear Sir,Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to our Circular RPCD.CO.RF.BC.No.29/07.38.01/2008-09 dated September 17, 2008 on Interest Rate on NRE Rupee Deposits. On a review, it has been decided that until further notice and with effect from close of business in India as on Octob

StCBs/DCCBs - Interest Rate on NRE Deposits

Special Fixed Rate Repo under Liquidity Adjustment Facility

RBI/2008-09/220 FMD.MOAG. No. 26/01.01.01/2008-09 October 14, 2008 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, SPECIAL FIXED RATE REPO UNDER LIQUIDITY ADJUSTMENT FACILITY As already announced, Reserve Bank shall conduct a special fixed rate repo at 9 per cent per annum against eligible securities for a notified amount of Rs.20,000 crore today, i.e. October 14, 2008, with a view to enabling banks to meet the liquidity requirements of M

RBI/2008-09/220 FMD.MOAG. No. 26/01.01.01/2008-09 October 14, 2008 All Scheduled Commercial Banks (excluding RRBs) and Primary Dealers Dear Sir, SPECIAL FIXED RATE REPO UNDER LIQUIDITY ADJUSTMENT FACILITY As already announced, Reserve Bank shall conduct a special fixed rate repo at 9 per cent per annum against eligible securities for a notified amount of Rs.20,000 crore today, i.e. October 14, 2008, with a view to enabling banks to meet the liquidity requirements of M

Special Fixed Rate Repo under Liquidity Adjustment Facility

Loans to mutual funds against and buy back of Certificates of Deposits (CDs)

RBI/2008-09/223DBOD.BP.BC.No.59/21.03.009/2008-09October 14, 2008All Scheduled Commercial Banks (excluding RRBs and LABs)and All-India Term Lending and Refinancing InstitutionsDear Sirs,Loans to mutual funds against and buy back of Certificates of Deposits (CDs) Please refer to para 12 of the Master Circular No. FMD.MSRG.No.21/02.08.003/ 2008-09@@NBSP@@ July 1, 2008 on Guidelines for Issue of Certificates of Deposit in terms of which the banks and FIs are not permitte

RBI/2008-09/223DBOD.BP.BC.No.59/21.03.009/2008-09October 14, 2008All Scheduled Commercial Banks (excluding RRBs and LABs)and All-India Term Lending and Refinancing InstitutionsDear Sirs,Loans to mutual funds against and buy back of Certificates of Deposits (CDs) Please refer to para 12 of the Master Circular No. FMD.MSRG.No.21/02.08.003/ 2008-09@@NBSP@@ July 1, 2008 on Guidelines for Issue of Certificates of Deposit in terms of which the banks and FIs are not permitte

Loans to mutual funds against and buy back of Certificates of Deposits (CDs)

Prudential Norms for Off-balance Sheet Exposures of Banks

RBI /2008-09 / 218 DBOD.No.BP.BC.57 / 21.04.157 / 2008 – 09 October 13, 2008All the Commercial Banks (Excluding Local Area Banks and Regional Rural Banks)Dear Sirs,Prudential Norms for Off-balance Sheet Exposures of BanksPlease refer to our circular RBI/2008-09/125. DBOD.No.BP.BC.31/21.04.157/ 2008-09 dated August 8, 2008 on the captioned subject. 2. The issues regarding asset classification status of overdue payments in respect of derivative transactions and re-struc

RBI /2008-09 / 218 DBOD.No.BP.BC.57 / 21.04.157 / 2008 – 09 October 13, 2008All the Commercial Banks (Excluding Local Area Banks and Regional Rural Banks)Dear Sirs,Prudential Norms for Off-balance Sheet Exposures of BanksPlease refer to our circular RBI/2008-09/125. DBOD.No.BP.BC.31/21.04.157/ 2008-09 dated August 8, 2008 on the captioned subject. 2. The issues regarding asset classification status of overdue payments in respect of derivative transactions and re-struc

Prudential Norms for Off-balance Sheet Exposures of Banks

Guidelines on Exchange Traded Interest Rate Derivatives

RBI/2008-09/217 DBOD.BP.BC. No.56 /21.04.157/2008-09 October 13 , 2008The Chairman/ Chief Executive Officers All commercial Banks (excluding RRBs and LABs)Dear Sir,Guidelines on Exchange Traded Interest Rate Derivatives Please refer to the guidelines on Exchange-Traded Interest Rate Derivatives issued vide our circular IDMC.MSRD.4801/06.01.03 dated June 3, 2003. In terms of this circular, banks were permitted to transact in Interest Rate Futures (IRFs) for the purpose

RBI/2008-09/217 DBOD.BP.BC. No.56 /21.04.157/2008-09 October 13 , 2008The Chairman/ Chief Executive Officers All commercial Banks (excluding RRBs and LABs)Dear Sir,Guidelines on Exchange Traded Interest Rate Derivatives Please refer to the guidelines on Exchange-Traded Interest Rate Derivatives issued vide our circular IDMC.MSRD.4801/06.01.03 dated June 3, 2003. In terms of this circular, banks were permitted to transact in Interest Rate Futures (IRFs) for the purpose

Guidelines on Exchange Traded Interest Rate Derivatives

Disbursal of loans against sanctioned limits/Restructuring of dues of SMEs

RBI/2008-09/219DBOD.No.BP.BC.58 /21.04.048/2008-09October 13, 2008All Scheduled Commercial Banks(Except RRBs and LABs)Dear Sirs,(i) Disbursal of loans against sanctioned limits(ii) Restructuring of dues of the Small and Medium Enterprises (SMEs) It has come to our notice that in view of somewhat tight liquidity conditions in the domestic markets in the recent past, some of the banks have been averse to disbursing working capital limits and term loans (including short-

RBI/2008-09/219DBOD.No.BP.BC.58 /21.04.048/2008-09October 13, 2008All Scheduled Commercial Banks(Except RRBs and LABs)Dear Sirs,(i) Disbursal of loans against sanctioned limits(ii) Restructuring of dues of the Small and Medium Enterprises (SMEs) It has come to our notice that in view of somewhat tight liquidity conditions in the domestic markets in the recent past, some of the banks have been averse to disbursing working capital limits and term loans (including short-

Disbursal of loans against sanctioned limits/Restructuring of dues of SMEs

CRR reduced

RBI/2008-09/214Ref: DBOD.No.Ret.BC.55/12.01.001/2008-09October 10, 2008All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRRPlease refer to our Circular DBOD. No. Ret. BC.52 /12.01.001/ 2008-09 dated October 6, 2008 on the captioned subject, advising reduction in Cash Reserve Ratio (CRR) by 50 basis points from 9.00 per cent to 8.50 per cent of net demand and time liabilities with eff

RBI/2008-09/214Ref: DBOD.No.Ret.BC.55/12.01.001/2008-09October 10, 2008All Scheduled Commercial Banks(excluding Regional Rural Banks)Dear Sir,Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRRPlease refer to our Circular DBOD. No. Ret. BC.52 /12.01.001/ 2008-09 dated October 6, 2008 on the captioned subject, advising reduction in Cash Reserve Ratio (CRR) by 50 basis points from 9.00 per cent to 8.50 per cent of net demand and time liabilities with eff

CRR reduced