Treatment of restructured accounts

Ref DBS.FID No. C-19 /01.02.00/2000-01March 28 , 2001To All-India Term Lending and Refinancing InstitutionsDear Sir,Treatment of restructured accountsPlease refer to paragraph 3 of our circular letter DBS.FID. No. C-16/ 01.02.00/ 2000-01 dated 7 February 2001 advising that the instructions relating to the regulatory treatment of restructured accounts would be conveyed shortly. The matter has since been examined and we advise as under.2. In terms of our circular FIC No

Ref DBS.FID No. C-19 /01.02.00/2000-01March 28 , 2001To All-India Term Lending and Refinancing InstitutionsDear Sir,Treatment of restructured accountsPlease refer to paragraph 3 of our circular letter DBS.FID. No. C-16/ 01.02.00/ 2000-01 dated 7 February 2001 advising that the instructions relating to the regulatory treatment of restructured accounts would be conveyed shortly. The matter has since been examined and we advise as under.2. In terms of our circular FIC No

Treatment of restructured accounts

Disclosures in the published annual reports

Ref DBS.FID No. C-18 /01.02.00/2000-01March 23 , 2001All-India Term Lending and Refinancing InstitutionsDear Sirs,Disclosures in the published annual reportsIt has been observed that, at present, there is considerable divergence among the financial institutions in the nature and manner of disclosures made by them in their published annual reports. It is, however, considered desirable to bring about uniformity in the disclosure practices adopted by the financial instit

Ref DBS.FID No. C-18 /01.02.00/2000-01March 23 , 2001All-India Term Lending and Refinancing InstitutionsDear Sirs,Disclosures in the published annual reportsIt has been observed that, at present, there is considerable divergence among the financial institutions in the nature and manner of disclosures made by them in their published annual reports. It is, however, considered desirable to bring about uniformity in the disclosure practices adopted by the financial instit

Disclosures in the published annual reports

Interest Rate Surcharge on Import Finance

Ref DBS.FID No. C.13 / 01.02.00 /2000-01January 13, 2001The Chairmen / Chief Executives of All India Term Lending and Refinance Institutions Dear Sir,Interest Rate Surcharge on Import FinancePlease refer to our circulars DBS.FID. No. 18 / 01.02.00 /1999-2000 dated 25 May 2000 and No.11/ 01.02.00 dated 28 November 2000 regarding the interest rate surcharge on import finance . On a review of the current situation, it has been decided to withdraw the interest rate surcha

Ref DBS.FID No. C.13 / 01.02.00 /2000-01January 13, 2001The Chairmen / Chief Executives of All India Term Lending and Refinance Institutions Dear Sir,Interest Rate Surcharge on Import FinancePlease refer to our circulars DBS.FID. No. 18 / 01.02.00 /1999-2000 dated 25 May 2000 and No.11/ 01.02.00 dated 28 November 2000 regarding the interest rate surcharge on import finance . On a review of the current situation, it has been decided to withdraw the interest rate surcha

Interest Rate Surcharge on Import Finance

Inspection of Financial Institutions

Ref DBS.FID No. C-15 /01.02.00/ 2000-0124 January 2001All Term Lending and Refinancing InstitutionsDear Sirs,Inspection of Financial InstitutionsAs you are aware, the Reserve Bank had constituted an Informal Advisory Group under the Chairmanship of Shri Y.H.Malegam, Director, Central Board of RBI, to look into the various aspects of regulation and supervision of Financial Institutions (FIs). The Group has since submitted its Report and its recommendations have, in pri

Ref DBS.FID No. C-15 /01.02.00/ 2000-0124 January 2001All Term Lending and Refinancing InstitutionsDear Sirs,Inspection of Financial InstitutionsAs you are aware, the Reserve Bank had constituted an Informal Advisory Group under the Chairmanship of Shri Y.H.Malegam, Director, Central Board of RBI, to look into the various aspects of regulation and supervision of Financial Institutions (FIs). The Group has since submitted its Report and its recommendations have, in pri

Inspection of Financial Institutions

Interest Rate on Export Credit

DBS. FID. No. C 17/ 01.02.00 /2000-01February 10 , 2001The Chairmen / Chief Executives of All India Term Lending and Refinance Institutions Dear Sir,Interest Rate on Export CreditPlease refer to our circular DBS.FID. No. 19 / 02.01.00 /1999-2000 dated 26 May 2000 on the captioned subject. On a review of the current situation, the banks have been advised that the prescription of interest at 25 per cent per annum (minimum) in respect of overdue export bills would stand

DBS. FID. No. C 17/ 01.02.00 /2000-01February 10 , 2001The Chairmen / Chief Executives of All India Term Lending and Refinance Institutions Dear Sir,Interest Rate on Export CreditPlease refer to our circular DBS.FID. No. 19 / 02.01.00 /1999-2000 dated 26 May 2000 on the captioned subject. On a review of the current situation, the banks have been advised that the prescription of interest at 25 per cent per annum (minimum) in respect of overdue export bills would stand

Interest Rate on Export Credit

Co-ordination between banks and financial institutions

Ref DBS.FID No. C.16/01.02.00/2000-01 2 February 2001The Chairman of the Term Lending, Refinancing and Investment InstitutionsDear Sir,Co-ordination between banks and financial institutionsIn the context of transition of the banks and the all-India financial institutions (FIs) from a regulated to a deregulated regime, the issue of more effective co-ordination among the banks and the FIs has been engaging the attention of the financial institutions, banks and Reserve B

Ref DBS.FID No. C.16/01.02.00/2000-01 2 February 2001The Chairman of the Term Lending, Refinancing and Investment InstitutionsDear Sir,Co-ordination between banks and financial institutionsIn the context of transition of the banks and the all-India financial institutions (FIs) from a regulated to a deregulated regime, the issue of more effective co-ordination among the banks and the FIs has been engaging the attention of the financial institutions, banks and Reserve B

Co-ordination between banks and financial institutions

Foreign Exchange Management Act, 1999 –
Export of goods and services -Forwarder’s Cargo Receipt
A.P.(DIR Series) Circular No.27 (March 2, 2001)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P.(DIR Series) Circular No.27 March 2, 2001 To All Authorised Dealers in Foreign Exchange Dear Sirs, Foreign Exchange Management Act, 1999 – Export of goods and services -Forwarder’s Cargo Receipt Attention of authorised dealers is invited to paragraph B.5 of the annexure to A.P. (DIR Series) Circular No.12 dated September 9, 2000, in terms of which they may negotiate House Airways Bills

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.P.(DIR Series) Circular No.27 March 2, 2001 To All Authorised Dealers in Foreign Exchange Dear Sirs, Foreign Exchange Management Act, 1999 – Export of goods and services -Forwarder’s Cargo Receipt Attention of authorised dealers is invited to paragraph B.5 of the annexure to A.P. (DIR Series) Circular No.12 dated September 9, 2000, in terms of which they may negotiate House Airways Bills

Foreign Exchange Management Act, 1999 – Export of goods and services -Forwarder’s Cargo Receipt A.P.(DIR Series) Circular No.27 (March 2, 2001)

Normal Transit Period (NTP) for exports
to Iraq under U.N.Guidelines

IECD.No.12/04.02.02/2000-01March 7, 2001The Chairmen/Chief Executives of all commercial banksDear Sir,Normal Transit Period (NTP) for exports to Iraq under U.N.Guidelines----------------------------------------------- Please refer to our circular IECD.No.21/04.02.02/98-99 dated March 8, 1999 advising the banks to extend concessional rate of interest in respect of exports to Iraq under UN guidelines for a maximum period of 60 days. In view of the difficulties being exp

IECD.No.12/04.02.02/2000-01March 7, 2001The Chairmen/Chief Executives of all commercial banksDear Sir,Normal Transit Period (NTP) for exports to Iraq under U.N.Guidelines----------------------------------------------- Please refer to our circular IECD.No.21/04.02.02/98-99 dated March 8, 1999 advising the banks to extend concessional rate of interest in respect of exports to Iraq under UN guidelines for a maximum period of 60 days. In view of the difficulties being exp

Normal Transit Period (NTP) for exports to Iraq under U.N.Guidelines

Co-ordination between banks and financial institutions

BP. BC. 82 /21.04.048/00-01February 26, 2001All Commercial Banks(excluding RRBs and LABs)Dear SirsCo-ordination between banks and financial institutionsIn the context of transition of the banks and the all-India financial institutions (FIs) from a regulated to a deregulated regime, the issue of more effective co-ordination among the banks and the FIs has been engaging the attention of the financial institutions, banks and Reserve Bank for sometime past, particularly i

BP. BC. 82 /21.04.048/00-01February 26, 2001All Commercial Banks(excluding RRBs and LABs)Dear SirsCo-ordination between banks and financial institutionsIn the context of transition of the banks and the all-India financial institutions (FIs) from a regulated to a deregulated regime, the issue of more effective co-ordination among the banks and the FIs has been engaging the attention of the financial institutions, banks and Reserve Bank for sometime past, particularly i

Co-ordination between banks and financial institutions

Loans and advances to staff – assignment of
risk weight and treatment in the balance sheet

DBOD.No. BP.BC.83/21.01.002/2000 / 2001February 28, 2001To All Scheduled Commercial Banks(excluding RRBs and LABs)Dear Sir,Loans and advances to staff – assignment of risk weight and treatment in the balance sheet Please refer to our Circular DBOD.No.BP.BC.15/21.01.002/2000 dated August 7, 2000 on the captioned subject. On reconsideration of the matter on the basis of representations received from the banks/IBA, it has been decided as under :a) Risk weight on Staff Ad

DBOD.No. BP.BC.83/21.01.002/2000 / 2001February 28, 2001To All Scheduled Commercial Banks(excluding RRBs and LABs)Dear Sir,Loans and advances to staff – assignment of risk weight and treatment in the balance sheet Please refer to our Circular DBOD.No.BP.BC.15/21.01.002/2000 dated August 7, 2000 on the captioned subject. On reconsideration of the matter on the basis of representations received from the banks/IBA, it has been decided as under :a) Risk weight on Staff Ad

Loans and advances to staff – assignment of risk weight and treatment in the balance sheet