Exposure Norms

RBI/2007-08/338 DBOD. No.Dir. BC. 87/13.27.00/2007- 08 May 29, 2008 Jyeshtha 8, 1929(Saka) All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam Exposure Norms Please refer to para 2.1.1 of the Master Circular on Exposure Norms (Circular DBOD. No. Dir.BC.11/ 13.03.00/ 2007-08 dated July 2, 2007) in terms of which the exposure limit has been fixed at 15 percent of capital funds in case of a single borrower. 2. On a review of the current situation in the Oil

RBI/2007-08/338 DBOD. No.Dir. BC. 87/13.27.00/2007- 08 May 29, 2008 Jyeshtha 8, 1929(Saka) All Scheduled Commercial Banks (Excluding RRBs) Dear Sir / Madam Exposure Norms Please refer to para 2.1.1 of the Master Circular on Exposure Norms (Circular DBOD. No. Dir.BC.11/ 13.03.00/ 2007-08 dated July 2, 2007) in terms of which the exposure limit has been fixed at 15 percent of capital funds in case of a single borrower. 2. On a review of the current situation in the Oil

Exposure Norms

Wilful defaulters and action thereagainst

RBI/2007-2008/336DBOD. No..DL(W).BC. 87/20.16.003/2007-08May 28, 2008All Scheduled Commercial Banks and All Notified All-India Financial InstitutionsDear Sir,Wilful defaulters and action thereagainstPlease refer to paragraph 3 of our Circular DBOD.No..DL(W).BC.110/ 20.16.003(1)/ 2001-02 dated May 30, 2002 wherein the term 'wilful default' has been defined. In this connection, we advise that in pursuant to the Hon’ble Supreme Court’s Order relating to writ petition Civ

RBI/2007-2008/336DBOD. No..DL(W).BC. 87/20.16.003/2007-08May 28, 2008All Scheduled Commercial Banks and All Notified All-India Financial InstitutionsDear Sir,Wilful defaulters and action thereagainstPlease refer to paragraph 3 of our Circular DBOD.No..DL(W).BC.110/ 20.16.003(1)/ 2001-02 dated May 30, 2002 wherein the term 'wilful default' has been defined. In this connection, we advise that in pursuant to the Hon’ble Supreme Court’s Order relating to writ petition Civ

Wilful defaulters and action thereagainst

PMLA, 2002 - Obligation of Banks

RBI/2007- 2008/327DBOD.AML.BC. No. 85/ 14.01.001 / 2007-08May 22, 2008 All Scheduled Commercial Banks/FIs (Excluding RRBs) Dear Sir,Prevention of Money Laundering Act, 2002 – Obligation of banks in terms of Rules notified there underPlease refer to our circular DBOD.NO.AML.BC.63 /14.01.001/2005-06 dated February 15, 2006. In Paragraph 3 of the said circular, it was advised that banks are required to maintain and preserve information in respect of transactions with its

RBI/2007- 2008/327DBOD.AML.BC. No. 85/ 14.01.001 / 2007-08May 22, 2008 All Scheduled Commercial Banks/FIs (Excluding RRBs) Dear Sir,Prevention of Money Laundering Act, 2002 – Obligation of banks in terms of Rules notified there underPlease refer to our circular DBOD.NO.AML.BC.63 /14.01.001/2005-06 dated February 15, 2006. In Paragraph 3 of the said circular, it was advised that banks are required to maintain and preserve information in respect of transactions with its

PMLA, 2002 - Obligation of Banks

Valuation of Non-SLR securities issued by the Government of India

RBI – 2007-08/329 DBOD.No.BP.BC.86/21.04.141/2007-08 May 22, 2008The Chairman/Chief Executive Officer All Scheduled Commercial Banks@@NBSP@@ (excluding Regional Rural Banks)@@NBSP@@ Dear Sir,@@NBSP@@ Valuation of Non-SLR securities issued by the Government of IndiaPlease refer to our Master Circular issue vide letter DBOD.No.BP.BC.15/21.04.141/ 2007-08 dated July 2, 2007 on ‘Prudential Norms for classification, valuation and operations of investment portfolio by banks

RBI – 2007-08/329 DBOD.No.BP.BC.86/21.04.141/2007-08 May 22, 2008The Chairman/Chief Executive Officer All Scheduled Commercial Banks@@NBSP@@ (excluding Regional Rural Banks)@@NBSP@@ Dear Sir,@@NBSP@@ Valuation of Non-SLR securities issued by the Government of IndiaPlease refer to our Master Circular issue vide letter DBOD.No.BP.BC.15/21.04.141/ 2007-08 dated July 2, 2007 on ‘Prudential Norms for classification, valuation and operations of investment portfolio by banks

Valuation of Non-SLR securities issued by the Government of India

Consolidated Financial Statement

RBI/2007-08/325 DBOD.No.BP.BC.84/21.04.018/2007-08 May 21, 2008 To The Chairman and Chief Executive Officer All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir Consolidated Financial Statement The Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) prescribes the accounting of investments in subsidiaries, associates and joint ventures under AS 21 – Consolidated Financial Statement, AS 23 – Accounting for Investments

RBI/2007-08/325 DBOD.No.BP.BC.84/21.04.018/2007-08 May 21, 2008 To The Chairman and Chief Executive Officer All Scheduled Commercial Banks (excluding RRBs and LABs) Dear Sir Consolidated Financial Statement The Accounting Standards (AS) issued by the Institute of Chartered Accountants of India (ICAI) prescribes the accounting of investments in subsidiaries, associates and joint ventures under AS 21 – Consolidated Financial Statement, AS 23 – Accounting for Investments

Consolidated Financial Statement

Claims secured by residential property - Change in limits for risk weights

RBI/2007–08/320 DBOD.No.BP.BC. 83/21.06.001/2007-08 May 14, 2008 The Chairman and Chief Executive Officer All Commercial Banks (excluding Local Area Banks and Regional Rural Banks) Dear Sir, Claims secured by residential property – Change in limits for risk weights Please refer to the paragraph 5.10 of our circular DBDO.No.BP.BC.90/20.06.001/ 2006-07 dated April 27, 2007 on ‘Guidelines for implementation of the New Capital Adequacy Framework’, and also items Nos. [(A)

RBI/2007–08/320 DBOD.No.BP.BC. 83/21.06.001/2007-08 May 14, 2008 The Chairman and Chief Executive Officer All Commercial Banks (excluding Local Area Banks and Regional Rural Banks) Dear Sir, Claims secured by residential property – Change in limits for risk weights Please refer to the paragraph 5.10 of our circular DBDO.No.BP.BC.90/20.06.001/ 2006-07 dated April 27, 2007 on ‘Guidelines for implementation of the New Capital Adequacy Framework’, and also items Nos. [(A)

Claims secured by residential property - Change in limits for risk weights

Asset Classification Norm for Infrastructure Projects Revised

RBI/2007-08/316 DBOD.BP.BC.82/21.04.048/2007-08 May 8, 2008 The Chairman/Chief Executive Officer All Scheduled Commercial Banks (excluding Local Area Banks and RRBs) Dear Sir Prudential Norms on Asset Classification Pertaining to Advances – Infrastructure projects under implementation and involving time overrun Please refer to paragraph 4.2.17(iv) of our Master Circular No.DBOD.No.BP.BC.12/21.04.048/2007-08 dated July 2, 2007 on Prudential norms on Income Recognition,

RBI/2007-08/316 DBOD.BP.BC.82/21.04.048/2007-08 May 8, 2008 The Chairman/Chief Executive Officer All Scheduled Commercial Banks (excluding Local Area Banks and RRBs) Dear Sir Prudential Norms on Asset Classification Pertaining to Advances – Infrastructure projects under implementation and involving time overrun Please refer to paragraph 4.2.17(iv) of our Master Circular No.DBOD.No.BP.BC.12/21.04.048/2007-08 dated July 2, 2007 on Prudential norms on Income Recognition,

Asset Classification Norm for Infrastructure Projects Revised

Settlement of claims in respect of missing persons

RBI/2007-08/308 DBOD.No.Leg. BC.80 /09.07.005/2007-08 May 2, 2008 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Settlement of claims in respect of missing persons A query has been raised regarding the system which should be followed by banks in case a claim is received from a nominee / legal heirs for settlement of claim in respect of missing persons. 2. The settlement of claims in respect of missing persons would be governed by the provisions of Section 1

RBI/2007-08/308 DBOD.No.Leg. BC.80 /09.07.005/2007-08 May 2, 2008 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Settlement of claims in respect of missing persons A query has been raised regarding the system which should be followed by banks in case a claim is received from a nominee / legal heirs for settlement of claim in respect of missing persons. 2. The settlement of claims in respect of missing persons would be governed by the provisions of Section 1

Settlement of claims in respect of missing persons

Grievance Redressal Mechanism in banks

RBI/2007-08/309 DBOD.No.Leg BC.81/09.07.005/2007-08 May 2, 2008 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir , Grievance Redressal Mechanism in banks Please refer to our Circular DBOD.No.Leg BC.60/09.07.005/2006-07 dated February 22, 2007 wherein instructions were issued to banks regarding analysis and disclosure of complaints. In this connection, it may be mentioned that a proper analysis and disclosure of complaints would be possible only if there is

RBI/2007-08/309 DBOD.No.Leg BC.81/09.07.005/2007-08 May 2, 2008 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir , Grievance Redressal Mechanism in banks Please refer to our Circular DBOD.No.Leg BC.60/09.07.005/2006-07 dated February 22, 2007 wherein instructions were issued to banks regarding analysis and disclosure of complaints. In this connection, it may be mentioned that a proper analysis and disclosure of complaints would be possible only if there is

Grievance Redressal Mechanism in banks

SCBs - CRR Increased

RBI/2007-2008/ 304Ref: DBOD.No.Ret.BC.79 /12.01.001/2007-08 April 29, 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 RBI/2007-2008/287 DBOD .No. Ret. BC.70 /12.01.001/ 2007-08 dated April 21, 2008 on the captioned subject. As set out in the Governor's Annual Policy statement for the year 2008-09 issued on April 29, 2008, on a review of evolving l

RBI/2007-2008/ 304Ref: DBOD.No.Ret.BC.79 /12.01.001/2007-08 April 29, 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 RBI/2007-2008/287 DBOD .No. Ret. BC.70 /12.01.001/ 2007-08 dated April 21, 2008 on the captioned subject. As set out in the Governor's Annual Policy statement for the year 2008-09 issued on April 29, 2008, on a review of evolving l

SCBs - CRR Increased