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

Export Credit - Interest Rates

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

A D (M.A. Series) Circular No. 5 (February 25, 1999)

Collection and Dissemination of Information on
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

Collection and Dissemination of Information on cases of Wilful Default of Rs.25 lakhs and above

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

Asset - Liability Management ( ALM ) System

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

Asset - Liability Management ( ALM ) System

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

A D (M.A. Series) Circular No. 4 (February 2, 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

Cancellation of Forward Contracts

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

Notification No.FERA 191/99-RB Dated 30-1-99

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

A D (M.A. Series) Circular No 1 (January 8, 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

A D (M.A. Series) Circular No. 2 (January 8, 1999)