Income recognition, asset classification, provisioning
and other related matters – Valuation of Investments.

BP.BC.163/21.04.048/2000 April 7, 2000 All Commercial Banks (excluding Regional Rural Banks) Dear Sir, Income recognition, asset classification, provisioning and other related matters – Valuation of Investments. Please refer to our Circular DBOD.No.BP.BC.28/21.04.048/98-99 dated 15th April 1999 prescribing the method to be adopted by banks and auditors for valuation of Government and other securities while finalising the Balance sheet as on 31st March, 1999. It has no

BP.BC.163/21.04.048/2000 April 7, 2000 All Commercial Banks (excluding Regional Rural Banks) Dear Sir, Income recognition, asset classification, provisioning and other related matters – Valuation of Investments. Please refer to our Circular DBOD.No.BP.BC.28/21.04.048/98-99 dated 15th April 1999 prescribing the method to be adopted by banks and auditors for valuation of Government and other securities while finalising the Balance sheet as on 31st March, 1999. It has no

Income recognition, asset classification, provisioning and other related matters – Valuation of Investments.

A.D.( M.A. Series) Circular No.4 (March 31, 2000)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001March 31, 2000A.D.( M.A. Series) Circular No.4To All Authorised Dealers in Foreign Exchange.Dear Sirs,Amendments to the Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as stated in the following paragraphs:1. XOS Statement In terms of paragraph 6 C.12(ii) of the Exchange Control Manual (ECM), authorised dealers are required to furnish, half-yearly

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001March 31, 2000A.D.( M.A. Series) Circular No.4To All Authorised Dealers in Foreign Exchange.Dear Sirs,Amendments to the Exchange Control Manual (ECM) It has been decided to amend/modify exchange control regulations as stated in the following paragraphs:1. XOS Statement In terms of paragraph 6 C.12(ii) of the Exchange Control Manual (ECM), authorised dealers are required to furnish, half-yearly

A.D.( M.A. Series) Circular No.4 (March 31, 2000)

Draft Guidelines for Banks' investment in Non-SLR securities

Contents Letter to all Scheduled Commercial Banks Letter to all India Term Lending and Refinancing Institutions Draft Guidelines for banks' Non-SLR investments Letter to all Scheduled Commercial Banks Reserve Bank of India Department of Banking Supervision Central Office, Centre I, Cuffe Parade Colaba Mumbai 400005 DBS CO PP / 11.01.005 / 1999-2000 April 4, 2000 All Scheduled Commercial Banks Banks' investment in Non-SLR securities Consequent to the exclusion of inves

Contents Letter to all Scheduled Commercial Banks Letter to all India Term Lending and Refinancing Institutions Draft Guidelines for banks' Non-SLR investments Letter to all Scheduled Commercial Banks Reserve Bank of India Department of Banking Supervision Central Office, Centre I, Cuffe Parade Colaba Mumbai 400005 DBS CO PP / 11.01.005 / 1999-2000 April 4, 2000 All Scheduled Commercial Banks Banks' investment in Non-SLR securities Consequent to the exclusion of inves

Draft Guidelines for Banks' investment in Non-SLR securities

Section 42 (1) of the Reserve Bank of India Act, 1934 –
Reduction in Cash Reserve Ratio

BC. 156 /12.01.001/ 99-2000April 01, 2000To All Scheduled Commercial Banks( Excluding Regional Rural Banks)Dear Sir,Section 42 (1) of the Reserve Bank of India Act, 1934 –Reduction in Cash Reserve RatioPlease refer to circular No. MPD BC 194 /07.01.279/ 99-2000 dated April 01, 2000 on the captioned subject. Under Section 42 (1) of the Reserve Bank of India Act, 1934 all Scheduled Commercial Banks {excluding Regional Rural Banks (RRBs)} are, at present, required to mai

BC. 156 /12.01.001/ 99-2000April 01, 2000To All Scheduled Commercial Banks( Excluding Regional Rural Banks)Dear Sir,Section 42 (1) of the Reserve Bank of India Act, 1934 –Reduction in Cash Reserve RatioPlease refer to circular No. MPD BC 194 /07.01.279/ 99-2000 dated April 01, 2000 on the captioned subject. Under Section 42 (1) of the Reserve Bank of India Act, 1934 all Scheduled Commercial Banks {excluding Regional Rural Banks (RRBs)} are, at present, required to mai

Section 42 (1) of the Reserve Bank of India Act, 1934 – Reduction in Cash Reserve Ratio

Interest Rates on advances against
domestic/NRE/FCNR(B) term deposits

Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & Development Centre - 1, World Trade CentreCuffe Parade, Colaba,Mumbai 400 005DBOD.Dir.BC. 153 /13.03.00/99-2000March 23 , 2000 All Scheduled Commercial Banks(Excluding RRBs)Dear Sirs, Interest Rates on advances against domestic/NRE/FCNR(B) term deposits Please refer to our Directives DBOD.No.Dir.BC.107/13.01.04/99 and 108/13.01.09/99 dated 29 October 1999 in terms of which banks have been given

Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & Development Centre - 1, World Trade CentreCuffe Parade, Colaba,Mumbai 400 005DBOD.Dir.BC. 153 /13.03.00/99-2000March 23 , 2000 All Scheduled Commercial Banks(Excluding RRBs)Dear Sirs, Interest Rates on advances against domestic/NRE/FCNR(B) term deposits Please refer to our Directives DBOD.No.Dir.BC.107/13.01.04/99 and 108/13.01.09/99 dated 29 October 1999 in terms of which banks have been given

Interest Rates on advances against domestic/NRE/FCNR(B) term deposits

Interest Rates on Deposits

Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & DevelopmentWorld Trade Centre - I, Cuffe Parade ColabaMumbai-400 005DBOD. Dir.BC. 158 /13.03.00/2000April 1, 2000All Commercial Banks(Including Regional Rural Banks)Dear Sir,Interest Rates on DepositsPlease refer to our directive DBOD.No.Dir.BC.151/C.347/85 dated December 27, 1985, as amended from time to time.2. It has since been decided to reduce the interest rate on domestic and ordinary non-

Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & DevelopmentWorld Trade Centre - I, Cuffe Parade ColabaMumbai-400 005DBOD. Dir.BC. 158 /13.03.00/2000April 1, 2000All Commercial Banks(Including Regional Rural Banks)Dear Sir,Interest Rates on DepositsPlease refer to our directive DBOD.No.Dir.BC.151/C.347/85 dated December 27, 1985, as amended from time to time.2. It has since been decided to reduce the interest rate on domestic and ordinary non-

Interest Rates on Deposits

A.D.(M.A.Series) Circular No.3 (March 31, 2000)

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.D.(M.A.Series) Circular No.3 March 31, 2000 ToAll Authorised Dealers in Foreign Exchange Dear Sirs, Foreign investment under the Automatic Route of Reserve Bank -Further Liberalisation Attention of authorised dealers is drawn to paragraph 10B.2 of Exchange Control Manual (ECM), regarding foreign investment under the ‘Automatic Route of Reserve Bank’. 2. Government of India have since sub

RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 A.D.(M.A.Series) Circular No.3 March 31, 2000 ToAll Authorised Dealers in Foreign Exchange Dear Sirs, Foreign investment under the Automatic Route of Reserve Bank -Further Liberalisation Attention of authorised dealers is drawn to paragraph 10B.2 of Exchange Control Manual (ECM), regarding foreign investment under the ‘Automatic Route of Reserve Bank’. 2. Government of India have since sub

A.D.(M.A.Series) Circular No.3 (March 31, 2000)

Permission for issue of shares to Non-resident investors
under the Automatic Route of Reserve Bank

Notification No.F.E.R.A.215/2000-RB dated 22nd March 2000 RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 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 is pleased to permit a company incorporated in India - (a) which is engaged or proposing to engage in any activity/manufacture o

Notification No.F.E.R.A.215/2000-RB dated 22nd March 2000 RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 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 is pleased to permit a company incorporated in India - (a) which is engaged or proposing to engage in any activity/manufacture o

Permission for issue of shares to Non-resident investors under the Automatic Route of Reserve Bank

A.D. (M.A. Series) Circular No.2 (March 14, 2000)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001March 14, 2000A.D. (M.A. Series) Circular No.2To All Authorised Dealers in Foreign ExchangeDear Sirs,Amalgamation of Times Bank Ltd. with HDFC Bank Ltd. Consequent to the amalgamation of Times Bank Ltd. with HDFC Bank Ltd. with effect from 26th February 2000, Times Bank Ltd. has ceased to exist and hence licence to deal in Foreign Exchange issued under Section 6 of the Foreign Exchange Regulat

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI-400 001March 14, 2000A.D. (M.A. Series) Circular No.2To All Authorised Dealers in Foreign ExchangeDear Sirs,Amalgamation of Times Bank Ltd. with HDFC Bank Ltd. Consequent to the amalgamation of Times Bank Ltd. with HDFC Bank Ltd. with effect from 26th February 2000, Times Bank Ltd. has ceased to exist and hence licence to deal in Foreign Exchange issued under Section 6 of the Foreign Exchange Regulat

A.D. (M.A. Series) Circular No.2 (March 14, 2000)

Proposed Modified Guidelines for Entry of Banks into Insurance

1. Any scheduled commercial bank would be permitted to undertake insurance business as agents of insurance companies on fee basis, without any risk participation. The subsidiaries of any bank which have been set up with the approval of the Reserve Bank will also be allowed to undertake distribution of insurance product on agency basis.2. Banks which satisfy the eligibility criteria given below will be permitted to set up a joint venture company for undertaking insuran

1. Any scheduled commercial bank would be permitted to undertake insurance business as agents of insurance companies on fee basis, without any risk participation. The subsidiaries of any bank which have been set up with the approval of the Reserve Bank will also be allowed to undertake distribution of insurance product on agency basis.2. Banks which satisfy the eligibility criteria given below will be permitted to set up a joint venture company for undertaking insuran

Proposed Modified Guidelines for Entry of Banks into Insurance