Notifications - ଆରବିଆଇ - Reserve Bank of India
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Notifications
ଫେବୃଆରୀ 21, 2007
Doorstep Banking - Section 23 of Banking Regulation Act, 1949
RBI/2006-2007/262DBOD.No.BL.BC. 59 /22.01.010 /2006-2007February 21, 2007Phalguna 2, 1928 (S)All Scheduled Commercial Banks(excluding RRBs)Dear SirSection 23 of Banking Regulation Act, 1949 – Doorstep BankingPlease refer to our circular DBOD.No.BL.BC.86/22.01.001/2004-2005 dated April 30, 2005 on the above subject, in terms of which banks were advised to formulate a scheme with the approval of their Boards, for providing services at the premises of a customer and subm
RBI/2006-2007/262DBOD.No.BL.BC. 59 /22.01.010 /2006-2007February 21, 2007Phalguna 2, 1928 (S)All Scheduled Commercial Banks(excluding RRBs)Dear SirSection 23 of Banking Regulation Act, 1949 – Doorstep BankingPlease refer to our circular DBOD.No.BL.BC.86/22.01.001/2004-2005 dated April 30, 2005 on the above subject, in terms of which banks were advised to formulate a scheme with the approval of their Boards, for providing services at the premises of a customer and subm
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ଫେବୃଆରୀ 14, 2007
SCBs - CRR Increased
RBI/2006-2007/259 Ref: DBOD.No. Ret.BC. 58/12.01.001/2006-07 February 14, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular RBI/2006-2007/201/DBOD.No.Ret.BC.45/12.01.001/2006-07 dated December 11,2006 on the captioned subject. As set out in Press Release : 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio
RBI/2006-2007/259 Ref: DBOD.No. Ret.BC. 58/12.01.001/2006-07 February 14, 2007 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular RBI/2006-2007/201/DBOD.No.Ret.BC.45/12.01.001/2006-07 dated December 11,2006 on the captioned subject. As set out in Press Release : 2006-07/1094 dated February 13, 2007, it has been decided to increase Cash Reserve Ratio
ଫେବୃଆରୀ 05, 2007
Issue of American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) - Depository Agreement
RBI/2006-2007/247 DBOD.No.PSBD. 7269/16.13.100 /2006-07 February 5, 2007 All scheduled commercial banks (excluding RRBs) Dear Sir, Issue of American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) – Depository Agreement In the recent past, some banks have raised funds through issue of American Depository/Global Depository Receipts. Under such a mechanism, banks issue shares to the depositories who in turn issue ADRs/GDRs to the ultimate investors. Banks g
RBI/2006-2007/247 DBOD.No.PSBD. 7269/16.13.100 /2006-07 February 5, 2007 All scheduled commercial banks (excluding RRBs) Dear Sir, Issue of American Depository Receipts (ADRs)/Global Depository Receipts (GDRs) – Depository Agreement In the recent past, some banks have raised funds through issue of American Depository/Global Depository Receipts. Under such a mechanism, banks issue shares to the depositories who in turn issue ADRs/GDRs to the ultimate investors. Banks g
ଫେବୃଆରୀ 02, 2007
Report of the Working Group to formulate a scheme for ensuring reasonableness of bank charges
RBI/2006-2007/245 DBOD.No.Dir.BC. 56 /13.03.00/2006-2007 February 2, 2007All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Report of the Working Group to formulate a scheme for ensuring reasonableness of bank charges As banks may be aware, as announced in the Annual Policy Statement for the year 2006-2007, in order to ensure fair practices in banking services, Reserve Bank of India had constituted a Working Group to formulate a scheme for ensuring reasonablene
RBI/2006-2007/245 DBOD.No.Dir.BC. 56 /13.03.00/2006-2007 February 2, 2007All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Report of the Working Group to formulate a scheme for ensuring reasonableness of bank charges As banks may be aware, as announced in the Annual Policy Statement for the year 2006-2007, in order to ensure fair practices in banking services, Reserve Bank of India had constituted a Working Group to formulate a scheme for ensuring reasonablene
ଜାନୁଆରୀ 31, 2007
Third Quarter Review of the Annual Statement on Monetary Policy for the year 2006-07- Provisioning Requirement for Standard Assets and Risk Weights for Capital Adequacy
RBI/2006-2007/240 DBOD.No.BP.BC. 53 / 21.04.048 / 2006-2007 January 31, 2007 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Third Quarter Review of the Annual Statement on Monetary Policy for the year 2006-07- Provisioning Requirement for Standard Assets and Risk Weights for Capital Adequacy Please refer to paragraph 84 of the Third Quarter Review of the Annual Statement on Monetary Policy for the year 2006-07 issued on January 31, 2007 (copy of the paragra
RBI/2006-2007/240 DBOD.No.BP.BC. 53 / 21.04.048 / 2006-2007 January 31, 2007 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Third Quarter Review of the Annual Statement on Monetary Policy for the year 2006-07- Provisioning Requirement for Standard Assets and Risk Weights for Capital Adequacy Please refer to paragraph 84 of the Third Quarter Review of the Annual Statement on Monetary Policy for the year 2006-07 issued on January 31, 2007 (copy of the paragra
ଜାନୁଆରୀ 31, 2007
Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits
RBI/2006-2007/242 DBOD. No. Dir. BC.55/13.03.00/2006-07 January 31, 2007 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits Please refer to paragraph 86 of the Third Quarter Review of the Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.288/07.01.279/2006-07 dated January 31, 2007 (copy of the paragraph enclosed). 2.@@NBSP@@ Interest Rate on N
RBI/2006-2007/242 DBOD. No. Dir. BC.55/13.03.00/2006-07 January 31, 2007 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR(B) deposits Please refer to paragraph 86 of the Third Quarter Review of the Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.288/07.01.279/2006-07 dated January 31, 2007 (copy of the paragraph enclosed). 2.@@NBSP@@ Interest Rate on N
ଜାନୁଆରୀ 29, 2007
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - “The Ganesh Bank of Kurundwad Ltd”
RBI/2006-2007/236 DBOD. Ret. BC No. 52/12.06.078/2006-07 January 29, 2007 All Scheduled Commercial Banks Dear Sirs, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - "The Ganesh Bank of Kurundwad Ltd" We advise that the name of "The Ganesh Bank of Kurundwad Ltd" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 21st October 2006, i.e. the date on which the relative notification DBOD. No. PSBD.
RBI/2006-2007/236 DBOD. Ret. BC No. 52/12.06.078/2006-07 January 29, 2007 All Scheduled Commercial Banks Dear Sirs, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - "The Ganesh Bank of Kurundwad Ltd" We advise that the name of "The Ganesh Bank of Kurundwad Ltd" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 21st October 2006, i.e. the date on which the relative notification DBOD. No. PSBD.
ଜାନୁଆରୀ 09, 2007
Banks' Exposure to Commodity Markets - Margin Requirements
RBI.No.2006-07/228 DBOD. Dir. BC.51/13.03.00/ 2006-07 January 9, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Banks' Exposure to Commodity Markets – Margin Requirements Please refer to paragraph 2.9 of our Master Circular No. DBOD. Dir. BC. 17/13.03.00/2006-07 dated July 1, 2006 on 'Guarantees and Co-acceptances' in terms of which banks may issue guarantees on behalf of share and stock brokers in favour of stock exchanges in lieu of margin requirement
RBI.No.2006-07/228 DBOD. Dir. BC.51/13.03.00/ 2006-07 January 9, 2007 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Banks' Exposure to Commodity Markets – Margin Requirements Please refer to paragraph 2.9 of our Master Circular No. DBOD. Dir. BC. 17/13.03.00/2006-07 dated July 1, 2006 on 'Guarantees and Co-acceptances' in terms of which banks may issue guarantees on behalf of share and stock brokers in favour of stock exchanges in lieu of margin requirement
ଜାନୁଆରୀ 04, 2007
Valuation of Properties - Empanelment of Valuers
RBI No.2006-2007/224 DBOD.BP.BC No. 50 / 21.04.018/ 2006-07 January 4, 2007 The Chairmen/Chief Executives All Commercial Banks (excluding RRBs) Dear Sir, Valuation of Properties - Empanelment of Valuers It has been observed that different banks follow different policies for valuation of properties and appointment of valuers for the purpose. The issue of correct and realistic valuation of fixed assets owned by banks and that accepted by them as collateral for a sizable
RBI No.2006-2007/224 DBOD.BP.BC No. 50 / 21.04.018/ 2006-07 January 4, 2007 The Chairmen/Chief Executives All Commercial Banks (excluding RRBs) Dear Sir, Valuation of Properties - Empanelment of Valuers It has been observed that different banks follow different policies for valuation of properties and appointment of valuers for the purpose. The issue of correct and realistic valuation of fixed assets owned by banks and that accepted by them as collateral for a sizable
ଡିସେମ୍ବର 18, 2006
Cheque Drop Box Facility and the facility for acknowledgement of cheques
RBI /2006-2007/214 DBOD.No.Leg.BC. 49 /09.07.005/2006-07December 18, 2006To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Cheque Drop Box Facility and the facility for acknowledgement of cheques Please refer to our Circular DBOD.No.Leg.BC.74/09.07.005/2003-04 dated April 10, 2004 wherein banks were advised that both the drop box facility and the facility for acknowledgement of the cheques at the regular collection counters should be available to customers a
RBI /2006-2007/214 DBOD.No.Leg.BC. 49 /09.07.005/2006-07December 18, 2006To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Cheque Drop Box Facility and the facility for acknowledgement of cheques Please refer to our Circular DBOD.No.Leg.BC.74/09.07.005/2003-04 dated April 10, 2004 wherein banks were advised that both the drop box facility and the facility for acknowledgement of the cheques at the regular collection counters should be available to customers a
ଡିସେମ୍ବର 18, 2006
Review of circulars issued to Public Sector Banks (PSBs)
RBI/2006-2007/213 DBOD.No.Inf. BC. 48 /11.01.009/2006-07 December 18, 2006 To The Chairmen & Managing Directors of all Public Sector Banks Dear Sir, Review of circulars issued to Public Sector Banks (PSBs) In the light of changes that have taken place in the banking scenario, it was observed that certain circulars issued to Public Sector Banks (PSBs) during the period from January, 1991 to June, 2004 on operational matters like recovery of NPA dues, housekeeping,
RBI/2006-2007/213 DBOD.No.Inf. BC. 48 /11.01.009/2006-07 December 18, 2006 To The Chairmen & Managing Directors of all Public Sector Banks Dear Sir, Review of circulars issued to Public Sector Banks (PSBs) In the light of changes that have taken place in the banking scenario, it was observed that certain circulars issued to Public Sector Banks (PSBs) during the period from January, 1991 to June, 2004 on operational matters like recovery of NPA dues, housekeeping,
ଡିସେମ୍ବର 15, 2006
Banks’ exposure to Capital Markets - Rationalization of Norms
RBI/2006-2007/210 DBOD. No. Dir. BC. 47/13.07.05/2006-2007 December 15, 2006 Agrahayana 24, 1928 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Banks’ exposure to Capital Markets – Rationalization of Norms It was announced in the Mid-Term Review of Annual Policy Statement for the year 2005-2006 that the prudential capital market exposure norms prescribed for banks would be rationalized in terms of base and coverage so as to: i) restrict a bank’s aggr
RBI/2006-2007/210 DBOD. No. Dir. BC. 47/13.07.05/2006-2007 December 15, 2006 Agrahayana 24, 1928 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Banks’ exposure to Capital Markets – Rationalization of Norms It was announced in the Mid-Term Review of Annual Policy Statement for the year 2005-2006 that the prudential capital market exposure norms prescribed for banks would be rationalized in terms of base and coverage so as to: i) restrict a bank’s aggr
ଡିସେମ୍ବର 12, 2006
Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them - For Banks
RBI/2006-07/205 DBOD. No. FSD. BC.46 / 24.01.028/ 2006-07 December 12, 2006 @@NBSP@@ All Scheduled Commercial Banks (excluding RRBs) @@NBSP@@ Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 enclosed to Governor’s letter MPD.BC.286/ 07.01.279/ 2006-07 dated October 31, 2006 (Copy of the paragraph enclosed as Annex). 2. No
RBI/2006-07/205 DBOD. No. FSD. BC.46 / 24.01.028/ 2006-07 December 12, 2006 @@NBSP@@ All Scheduled Commercial Banks (excluding RRBs) @@NBSP@@ Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 enclosed to Governor’s letter MPD.BC.286/ 07.01.279/ 2006-07 dated October 31, 2006 (Copy of the paragraph enclosed as Annex). 2. No
ଡିସେମ୍ବର 11, 2006
Increase in CRR
RBI/2006-2007/201 Ref: DBOD.No. Ret.BC. 45/12.01.001/2006-07 December 11, 2006 To All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular RBI/2005-2006/422 DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject. On review of current macroeconomic and monetary conditions, it has been decided to increase cash reserve ratio (CRR)
RBI/2006-2007/201 Ref: DBOD.No. Ret.BC. 45/12.01.001/2006-07 December 11, 2006 To All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934-Maintenance of CRR Please refer to our Circular RBI/2005-2006/422 DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject. On review of current macroeconomic and monetary conditions, it has been decided to increase cash reserve ratio (CRR)
ଡିସେମ୍ବର 11, 2006
Draft Comprehensive Guidelines on Derivatives
DBOD.No. BP. 741 /21.04.157/2006-07 December 11, 2006 Chairmen / Chief Executive Officers All Commercial Banks (excluding RRBs), All India term-lending and Refinancing Institutions (Exim Bank, IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) and Primary Dealers Dear Sir, Draft Comprehensive Guidelines on Derivatives As indicated in paragraph 137 of the Mid-term Review of Annual Policy for the Year 2006-07 an Internal Group was constituted by the Reserve Bank to
DBOD.No. BP. 741 /21.04.157/2006-07 December 11, 2006 Chairmen / Chief Executive Officers All Commercial Banks (excluding RRBs), All India term-lending and Refinancing Institutions (Exim Bank, IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) and Primary Dealers Dear Sir, Draft Comprehensive Guidelines on Derivatives As indicated in paragraph 137 of the Mid-term Review of Annual Policy for the Year 2006-07 an Internal Group was constituted by the Reserve Bank to
ଡିସେମ୍ବର 04, 2006
Draft Circular on Safe Deposit Lockers
RBI/2006-07/198 DBOD.No.Leg 5049 /09.07.005/2006-07 December 4, 2006 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles by banks. It is proposed to issue fresh instructions to banks regarding extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles in
RBI/2006-07/198 DBOD.No.Leg 5049 /09.07.005/2006-07 December 4, 2006 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles by banks. It is proposed to issue fresh instructions to banks regarding extension of Safe Deposit Locker / Safe Custody Article Facility and Access to Safe Deposit Lockers / Return of Safe Custody Articles in
ନଭେମ୍ବର 30, 2006
Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them
November 30, 2006 DBOD. No. FSD. 5046 / 24.01.028/ 2006-07 All Scheduled Commercial Banks (excluding RRBs) and All NBFCs (deposit taking and non-deposit taking) @@NBSP@@ Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07enclosed to Governor’s letter MPD.BC.286/ 07.01.279/ 2006-07 dated October 31, 2006 (Copy of the paragrap
November 30, 2006 DBOD. No. FSD. 5046 / 24.01.028/ 2006-07 All Scheduled Commercial Banks (excluding RRBs) and All NBFCs (deposit taking and non-deposit taking) @@NBSP@@ Dear Sir, Financial Regulation of Systemically Important NBFCs and Banks’ Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07enclosed to Governor’s letter MPD.BC.286/ 07.01.279/ 2006-07 dated October 31, 2006 (Copy of the paragrap
ନଭେମ୍ବର 17, 2006
Banks’ exposure to Capital Markets - Rationalisation of Norms
DBOD.No.Dir. 4562 /13.07.05/2006-2007 November 17, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Banks’ exposure to Capital Markets – Rationalisation of Norms As banks may be aware, it was announced in the Mid-Term Review of Annual Policy Statement for the year 2005-2006 that the prudential capital market exposure norms prescribed for banks would be rationalized in terms of base and coverage so as to: i) restrict a bank’s aggregate capital market expo
DBOD.No.Dir. 4562 /13.07.05/2006-2007 November 17, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Banks’ exposure to Capital Markets – Rationalisation of Norms As banks may be aware, it was announced in the Mid-Term Review of Annual Policy Statement for the year 2005-2006 that the prudential capital market exposure norms prescribed for banks would be rationalized in terms of base and coverage so as to: i) restrict a bank’s aggregate capital market expo
ନଭେମ୍ବର 17, 2006
Housing Loans - Implementation of Delhi High Court Orders
RBI/2006-07/182 DBOD. Dir. BC. No. 43 /08.12.01/2006-07 November 17, 2006 @@NBSP@@ The Chairmen and Managing Directors/ Chief Executive Officers of all Commercial Banks Dear Sirs Housing Loans – Orders of the Delhi High Court- Writ Petition by Kalyan Sanstha Welfare Organisation against Union of India and Others- Implementation of Directions Please refer to our Master Circular DBOD.No.DIR.(Exp).BC.04/08.12.01/2006-07 dated July 1, 2006 on Housing Finance. 2. During th
RBI/2006-07/182 DBOD. Dir. BC. No. 43 /08.12.01/2006-07 November 17, 2006 @@NBSP@@ The Chairmen and Managing Directors/ Chief Executive Officers of all Commercial Banks Dear Sirs Housing Loans – Orders of the Delhi High Court- Writ Petition by Kalyan Sanstha Welfare Organisation against Union of India and Others- Implementation of Directions Please refer to our Master Circular DBOD.No.DIR.(Exp).BC.04/08.12.01/2006-07 dated July 1, 2006 on Housing Finance. 2. During th
ନଭେମ୍ବର 16, 2006
Compliance function in banks
RBI/2006-07/177 November 16, 2006 DBS.PP.BC1/11/01.005/2006-07 The Chairman / CEO All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Compliance function in banks A system of 'Compliance Officer' in banks was introduced by Reserve Bank of India in August 1992, based on the recommendations of the Committee on Frauds and Malpractices in Banks (Ghosh Committee). Further guidelines in this regard, and more specifically on the role of the Compliance Officers
RBI/2006-07/177 November 16, 2006 DBS.PP.BC1/11/01.005/2006-07 The Chairman / CEO All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Compliance function in banks A system of 'Compliance Officer' in banks was introduced by Reserve Bank of India in August 1992, based on the recommendations of the Committee on Frauds and Malpractices in Banks (Ghosh Committee). Further guidelines in this regard, and more specifically on the role of the Compliance Officers
ନଭେମ୍ବର 14, 2006
Interest Rates on Export Credit in Foreign Currency
RBI/2006-07/151 Ref.DBOD.Dir.(Exp.)No.38/04.02.01/2006-07 November 14, 2006 23 Kartika 1928(S) All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Interest Rates on Export Credit in Foreign Currency As you are aware, it was proposed in Annual Policy statement for the year 2006-07 (para 113) on the basis of the recommendation of the Working Group to Review Export Credit, to increase the ceiling rate on Export Credit in Foreign Currency by 25 basis points to LIBOR
RBI/2006-07/151 Ref.DBOD.Dir.(Exp.)No.38/04.02.01/2006-07 November 14, 2006 23 Kartika 1928(S) All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Interest Rates on Export Credit in Foreign Currency As you are aware, it was proposed in Annual Policy statement for the year 2006-07 (para 113) on the basis of the recommendation of the Working Group to Review Export Credit, to increase the ceiling rate on Export Credit in Foreign Currency by 25 basis points to LIBOR
ନଭେମ୍ବର 10, 2006
Income Recognition, Asset Classification, Provisioning and other related matters - Government Guaranteed Exposures - for FIs
RBI/2006-07/ 172 Ref.DBOD.No.FID.FIC. 5 /01.02.00/2006-07 November 10, 2006 The CEOs of the All-India term-lending and Refinancing Institutions (Exim Bank, IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) Dear sir, Income Recognition, Asset Classification, Provisioning and other related matters – Government Guaranteed Exposures - for FIs Please refer to our circular DBS.FID.No.21/01.10.00/97-98 dated December 4, 1997 addressed to All-India term lending i
RBI/2006-07/ 172 Ref.DBOD.No.FID.FIC. 5 /01.02.00/2006-07 November 10, 2006 The CEOs of the All-India term-lending and Refinancing Institutions (Exim Bank, IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) Dear sir, Income Recognition, Asset Classification, Provisioning and other related matters – Government Guaranteed Exposures - for FIs Please refer to our circular DBS.FID.No.21/01.10.00/97-98 dated December 4, 1997 addressed to All-India term lending i
ନଭେମ୍ବର 10, 2006
Customer Service - Issue of Duplicate Demand Draft
RBI/2006-07/173DBOD.No.Leg.BC.42 /09.07.005/2006-07 November 10, 2006 To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Customer Service – Issue of Duplicate Demand Draft Please refer to our circular DBOD.No.BC.147/09.07.007/99-2000 dated March 9, 2000 wherein banks were advised to issue duplicate Demand Draft to the customer within a fortnight from the receipt of such request. Further, for the delay beyond this stipulated period, banks were advised to
RBI/2006-07/173DBOD.No.Leg.BC.42 /09.07.005/2006-07 November 10, 2006 To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Customer Service – Issue of Duplicate Demand Draft Please refer to our circular DBOD.No.BC.147/09.07.007/99-2000 dated March 9, 2000 wherein banks were advised to issue duplicate Demand Draft to the customer within a fortnight from the receipt of such request. Further, for the delay beyond this stipulated period, banks were advised to
ନଭେମ୍ବର 06, 2006
Prudential Limit on Credit/Non-credit Facilities to JVs/WOS enhanced
RBI 2006-07/168 DBOD. IBD. BC. No. 41/23.37.001/2006-07 November 06, 2006 All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Mid-Term Review of Annual Policy Statement for the year 2006-07 - Extension of funded and non-funded credit facilities to Indian Joint Ventures (JVs)/ Wholly Owned Subsidiaries (WOSs) abroad - Enhancement Please refer to our circular DBOD.IBS.BC. 94/23.37.001/2002-03 dated April 8, 2003 in terms of which banks were permitted to e
RBI 2006-07/168 DBOD. IBD. BC. No. 41/23.37.001/2006-07 November 06, 2006 All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir, Mid-Term Review of Annual Policy Statement for the year 2006-07 - Extension of funded and non-funded credit facilities to Indian Joint Ventures (JVs)/ Wholly Owned Subsidiaries (WOSs) abroad - Enhancement Please refer to our circular DBOD.IBS.BC. 94/23.37.001/2002-03 dated April 8, 2003 in terms of which banks were permitted to e
ନଭେମ୍ବର 03, 2006
Mid-Term Review of Annual Policy Statement for the Year 2006-07- Financial Regulation of Systemically Important NBFCs and Banks' Relationship with them
DBOD.No.FSD. /556 / 24.01.02/ 2006-07 November 3, 2006 All Scheduled Commercial Banks (Excluding RRBs) and NBFCs (deposit taking and non deposit taking) Dear Sir, Mid-Term Review of Annual Policy Statement for the Year 2006-07- Financial Regulation of Systemically Important NBFCs and Banks' Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.286/07.01.279/20
DBOD.No.FSD. /556 / 24.01.02/ 2006-07 November 3, 2006 All Scheduled Commercial Banks (Excluding RRBs) and NBFCs (deposit taking and non deposit taking) Dear Sir, Mid-Term Review of Annual Policy Statement for the Year 2006-07- Financial Regulation of Systemically Important NBFCs and Banks' Relationship with them Please refer to paragraph 141 of the Mid-Term Review of Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.286/07.01.279/20
ନଭେମ୍ବର 03, 2006
Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks
RBI/2006/167 DBOD.NO.BP. 40/ 21.04.158/ 2006-07 November 3, 2006 All Scheduled Commercial Banks(excluding RRBs) Dear Sir, Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks In view of the extensive use of outsourcing by banks, Reserve Bank had issued draft guidelines on 6th December 2005 for laying down a framework for managing the attendant risks in outsourcing. On the basis of the suggestions received from all concerned, t
RBI/2006/167 DBOD.NO.BP. 40/ 21.04.158/ 2006-07 November 3, 2006 All Scheduled Commercial Banks(excluding RRBs) Dear Sir, Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks In view of the extensive use of outsourcing by banks, Reserve Bank had issued draft guidelines on 6th December 2005 for laying down a framework for managing the attendant risks in outsourcing. On the basis of the suggestions received from all concerned, t
ଅକ୍ଟୋବର 26, 2006
Review of statements/returns submitted by banks
RBI/2006-07/161 DBOD No. Inf.39/ 11.03.005/2006-07 October 26, 2006 The Chairman/ Managing Director/ Chief Executives of all Scheduled Commercial Banks (excluding RRBs) Dear Sir, Review of statements/returns submitted by banks As you are aware all scheduled commercial banks are required to forward to us on a periodical basis, statements/returns in terms of various circulars issued by us from time to time. However, in the light of changes that have taken place in the i
RBI/2006-07/161 DBOD No. Inf.39/ 11.03.005/2006-07 October 26, 2006 The Chairman/ Managing Director/ Chief Executives of all Scheduled Commercial Banks (excluding RRBs) Dear Sir, Review of statements/returns submitted by banks As you are aware all scheduled commercial banks are required to forward to us on a periodical basis, statements/returns in terms of various circulars issued by us from time to time. However, in the light of changes that have taken place in the i
ଅକ୍ଟୋବର 11, 2006
Guarantees and Co-acceptances
RBI/2006-2007/148 DBOD.No.Dir.BC. 35 /13.07.10/2006-2007 October 11, 2006 Ashwina 19, 1928 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Guarantees and Co-acceptances Please refer to paragraph 2.5(iii) of our Master Circular DBOD.No.Dir.17/ 13.03.00/2006 dated July 1, 2006 on the above subject, in terms of which banks were advised that it is binding on the part of the beneficiary of the guarantee to seek confirmation of the controlling office/head office as
RBI/2006-2007/148 DBOD.No.Dir.BC. 35 /13.07.10/2006-2007 October 11, 2006 Ashwina 19, 1928 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Guarantees and Co-acceptances Please refer to paragraph 2.5(iii) of our Master Circular DBOD.No.Dir.17/ 13.03.00/2006 dated July 1, 2006 on the above subject, in terms of which banks were advised that it is binding on the part of the beneficiary of the guarantee to seek confirmation of the controlling office/head office as
ଅକ୍ଟୋବର 04, 2006
Customer Service - Non-issuance of Passbooks to Savings Bank Accountholders (Individuals)
RBI /2006-07/139 DBOD.No.Leg.BC.32 /09.07.005/2006-07October 4, 2006To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Customer Service – Non-issuance of Passbooks to Savings Bank Accountholders (Individuals)We have been receiving representations from customers including senior citizens' associations that many banks have discontinued issuing pass books to Savings Bank Account holders (Individuals). It has also been pointed out that this decision of discontinu
RBI /2006-07/139 DBOD.No.Leg.BC.32 /09.07.005/2006-07October 4, 2006To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Customer Service – Non-issuance of Passbooks to Savings Bank Accountholders (Individuals)We have been receiving representations from customers including senior citizens' associations that many banks have discontinued issuing pass books to Savings Bank Account holders (Individuals). It has also been pointed out that this decision of discontinu
ସେପ୍ଟେମ୍ବର 20, 2006
Banks' exposure to entities for setting up Special Economic Zones (SEZs) / Acquisition of units in SEZs
RBI/2006-07/131 DBOD.BP.BC. 30 /21.01.002/ 2006-2007 September 20, 2006 All Commercial Banks (excluding RRBs) Dear Sir, Banks' exposure to entities for setting up Special Economic Zones (SEZs) / Acquisition of units in SEZs Keeping in view the current market conditions, it has been decided that the exposure of banks to entities for setting up Special Economic Zones (SEZs) or for acquisition of units in SEZs which includes real estate would be treated as exposure to co
RBI/2006-07/131 DBOD.BP.BC. 30 /21.01.002/ 2006-2007 September 20, 2006 All Commercial Banks (excluding RRBs) Dear Sir, Banks' exposure to entities for setting up Special Economic Zones (SEZs) / Acquisition of units in SEZs Keeping in view the current market conditions, it has been decided that the exposure of banks to entities for setting up Special Economic Zones (SEZs) or for acquisition of units in SEZs which includes real estate would be treated as exposure to co
ସେପ୍ଟେମ୍ବର 20, 2006
Appropriation from Reserve Fund
RBI/2006-07/132 DBOD.BP.BC No. 31 / 21.04.018/ 2006-07 September 20, 2006 The Chairmen/Chief Executives of All Commercial Banks(excluding RRBs) Dear Sir, Section 17 (2) of Banking Regulation Act, 1949 – Appropriation from Reserve Fund In terms of section 17 (1) and 11 (1)(b) (ii) of the Banking Regulation Act, 1949 banks are required to transfer, out of the balance of profit as disclosed in the profit and loss account, a sum equivalent to not less than 20 per cent of
RBI/2006-07/132 DBOD.BP.BC No. 31 / 21.04.018/ 2006-07 September 20, 2006 The Chairmen/Chief Executives of All Commercial Banks(excluding RRBs) Dear Sir, Section 17 (2) of Banking Regulation Act, 1949 – Appropriation from Reserve Fund In terms of section 17 (1) and 11 (1)(b) (ii) of the Banking Regulation Act, 1949 banks are required to transfer, out of the balance of profit as disclosed in the profit and loss account, a sum equivalent to not less than 20 per cent of
ସେପ୍ଟେମ୍ବର 18, 2006
Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - " Chohung Bank to Shinhan Bank"
RBI/2006-07/127 DBOD.CO.Ret.BC.No.29/12.06.105/2006-07 September 18, 2006 Bhadra 27, 1928 All Scheduled Commercial Banks Dear Sir Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - ' Chohung Bank to Shinhan Bank' We advise that the name of ' Chohung Bank ' has been changed to ' Shinhan Bank ' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 12th August 2006, i.e. the date on which the relati
RBI/2006-07/127 DBOD.CO.Ret.BC.No.29/12.06.105/2006-07 September 18, 2006 Bhadra 27, 1928 All Scheduled Commercial Banks Dear Sir Alteration in the name of the bank in the Second Schedule to the Reserve Bank of India Act, 1934 - ' Chohung Bank to Shinhan Bank' We advise that the name of ' Chohung Bank ' has been changed to ' Shinhan Bank ' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 12th August 2006, i.e. the date on which the relati
ସେପ୍ଟେମ୍ବର 01, 2006
Address / Telephone Number of the Branch in Pass Books / Statement of Accounts
RBI/2006-07/123 DBOD.No.Leg. BC.28 /09.07.005/2006-07September 1, 2006To All the Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Address / Telephone Number of the Branch in Pass Books / Statement of Accounts In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. Banks are therefore advised to ensure that full addres
RBI/2006-07/123 DBOD.No.Leg. BC.28 /09.07.005/2006-07September 1, 2006To All the Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Address / Telephone Number of the Branch in Pass Books / Statement of Accounts In order to improve the quality of service available to customers in branches, it would be useful if the address / telephone number of the branch is mentioned on the Pass Books / Statement of Accounts. 2. Banks are therefore advised to ensure that full addres
ଅଗଷ୍ଟ 23, 2006
Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs )
RBI /2006-2007/113 DBOD. No. BP. BC. 27/21.01.002/ 2006- 2007 August 23, 2006 The Chairman & Managing Directors Chief Executive Officers of Commercial Banks (excluding RRBs) Dear Sirs, Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs ) It is observed that the exposure of banks to Venture Capital Funds (VCFs) has been steadily increasing over the last few years. While significance of venture capital activities and need for banks’ involvement
RBI /2006-2007/113 DBOD. No. BP. BC. 27/21.01.002/ 2006- 2007 August 23, 2006 The Chairman & Managing Directors Chief Executive Officers of Commercial Banks (excluding RRBs) Dear Sirs, Prudential Guidelines - Bank’s Investment in Venture Capital Funds (VCFs ) It is observed that the exposure of banks to Venture Capital Funds (VCFs) has been steadily increasing over the last few years. While significance of venture capital activities and need for banks’ involvement
ଅଗଷ୍ଟ 22, 2006
Internet Banking - Internet based platforms for dealing in Forex
RBI/2006-07/112 DBOD No. Comp. BC. 1658 /07.23.29/2006-07 August 22, 2006 All Scheduled Commercial Banks Dear Sir Internet Banking – Internet based platforms for dealing in Foreign Exchange Please refer to our circular DBOD. COMP. BC. No. 130/07.03.23/ 2000-01 dated June 14, 2001 that sets out the guidelines for banks on Internet Banking in India. In terms of paragraph III.3 of the circular, the Internet banking services allowed to be offered by banks to residents of
RBI/2006-07/112 DBOD No. Comp. BC. 1658 /07.23.29/2006-07 August 22, 2006 All Scheduled Commercial Banks Dear Sir Internet Banking – Internet based platforms for dealing in Foreign Exchange Please refer to our circular DBOD. COMP. BC. No. 130/07.03.23/ 2000-01 dated June 14, 2001 that sets out the guidelines for banks on Internet Banking in India. In terms of paragraph III.3 of the circular, the Internet banking services allowed to be offered by banks to residents of
ଅଗଷ୍ଟ 10, 2006
Penalties on default in maintenance of CRR
RBI/2006-2007/106 DBOD. No. Ret. BC.26/12.01.001/2006-07 August 10, 2006 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 - Penalties on default in maintenance of Cash Reserve Ratio (CRR) Please refer to our circular RBI/2005-2006/422. DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject, wherein it was advised that the Reserve Bank will not be paying any interest
RBI/2006-2007/106 DBOD. No. Ret. BC.26/12.01.001/2006-07 August 10, 2006 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42 (1) of Reserve Bank of India Act, 1934 - Penalties on default in maintenance of Cash Reserve Ratio (CRR) Please refer to our circular RBI/2005-2006/422. DBOD.No.Ret.BC.91/12.01.001/2005-2006 dated June 22, 2006 on the captioned subject, wherein it was advised that the Reserve Bank will not be paying any interest
ଅଗଷ୍ଟ 01, 2006
When Issued’ transactions in Central Government Securities - accounting and related aspects
RBI No. 2006-07/ 95 DBOD. No.BP.BC.24/21.04.141/2006-07 August 1, 2006 @@NBSP@@ All Scheduled Commercial Banks ( except RRBs)/ All India Term Lending and Refinancing Institutions (FIs) @@NBSP@@ @@NBSP@@ Dear Sir, ‘When Issued’ transactions in Central Government Securities – accounting and related aspects Please refer to our Internal Debt Management Department’s Circular No. IDMD. 3426/ 11.01.01 (D)/ 2005-06 dated May 3, 2006 allowing all NDS – OM members to undertake
RBI No. 2006-07/ 95 DBOD. No.BP.BC.24/21.04.141/2006-07 August 1, 2006 @@NBSP@@ All Scheduled Commercial Banks ( except RRBs)/ All India Term Lending and Refinancing Institutions (FIs) @@NBSP@@ @@NBSP@@ Dear Sir, ‘When Issued’ transactions in Central Government Securities – accounting and related aspects Please refer to our Internal Debt Management Department’s Circular No. IDMD. 3426/ 11.01.01 (D)/ 2005-06 dated May 3, 2006 allowing all NDS – OM members to undertake
ଜୁଲାଇ 21, 2006
Enhancement of banks’ capital raising options for capital adequacy purposes
RBI / 2006-07 / 80 DBOD.No.BP.BC. 23 / 21.01.002 / 2006-2007 July 21, 2006 All Commercial Banks(Excluding RRBs) Dear Sir Enhancement of banks’ capital raising options for capital adequacy purposes As you are aware, with a view to provide banks in India additional options for raising capital funds, to meet both the increasing business requirements as well as the Basel II requirements within the existing legal framework, it was decided to allow banks to augment their ca
RBI / 2006-07 / 80 DBOD.No.BP.BC. 23 / 21.01.002 / 2006-2007 July 21, 2006 All Commercial Banks(Excluding RRBs) Dear Sir Enhancement of banks’ capital raising options for capital adequacy purposes As you are aware, with a view to provide banks in India additional options for raising capital funds, to meet both the increasing business requirements as well as the Basel II requirements within the existing legal framework, it was decided to allow banks to augment their ca
ଜୁଲାଇ 14, 2006
Providing Clearing and Settlement services for internet based electronic purse schemes
RBI/2006-07/ 72 DBOD No. BP. BC 22 / 08.12. 01/ 2006-2007 July 14, 2006 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Providing Clearing and Settlement services for internet based electronic purse schemes. It has come to our notice that some companies have launched internet based electronic purse schemes with the following features Any individual who wishes to be a member of the scheme can register himself by going to the website and filing up a simple for
RBI/2006-07/ 72 DBOD No. BP. BC 22 / 08.12. 01/ 2006-2007 July 14, 2006 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Providing Clearing and Settlement services for internet based electronic purse schemes. It has come to our notice that some companies have launched internet based electronic purse schemes with the following features Any individual who wishes to be a member of the scheme can register himself by going to the website and filing up a simple for
ଜୁଲାଇ 12, 2006
Annual Policy Statement for the year 2006-07 - Additional Provisioning Requirement for Standard Assets
RBI/2006-07/65 DBOD.No.BP.BC. 21 / 21.04.048 / 2006-2007 July 12, 2006 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Annual Policy Statement for the year 2006-07 - Additional Provisioning Requirement for Standard Assets Please refer to our circular DBOD.No.BP.BC.85/21.04.048/2005-2006 dated May 29, 2006 on the captioned subject. 2. In terms of the above circular, the general provisioning requirement on standard advances in specific sectors, i.e., personal
RBI/2006-07/65 DBOD.No.BP.BC. 21 / 21.04.048 / 2006-2007 July 12, 2006 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Annual Policy Statement for the year 2006-07 - Additional Provisioning Requirement for Standard Assets Please refer to our circular DBOD.No.BP.BC.85/21.04.048/2005-2006 dated May 29, 2006 on the captioned subject. 2. In terms of the above circular, the general provisioning requirement on standard advances in specific sectors, i.e., personal
ଜୁନ 28, 2006
Discussion Paper on Derivative and Hedge Accounting by banks
DBOD. No. BP. 1763/21.04.157/2005-06 June 28, 2006 Chairmen/Chief Executive Officers All Commercial Banks (excluding RRBs and LABs) Dear Sir/Madam, Discussion Paper on Derivative and Hedge Accounting by banks An internal Group was constituted for formulating the guidelines to be issued to banks on derivative and hedge accounting aspects. The Group has submitted its proposals in this regard, which are largely based on the principles of IAS 39. As this is an evolving ar
DBOD. No. BP. 1763/21.04.157/2005-06 June 28, 2006 Chairmen/Chief Executive Officers All Commercial Banks (excluding RRBs and LABs) Dear Sir/Madam, Discussion Paper on Derivative and Hedge Accounting by banks An internal Group was constituted for formulating the guidelines to be issued to banks on derivative and hedge accounting aspects. The Group has submitted its proposals in this regard, which are largely based on the principles of IAS 39. As this is an evolving ar
ଜୁନ 22, 2006
Prudential norms on creation and utilisation of floating provisions
RBI/2005-06/421 DBOD.NO.BP. BC. 89 / 21.04.048/ 2005-06 June 22, 2006 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Prudential norms on creation and utilisation of floating provisions In terms of Para (3) of circular DBOD.No.BC.8/21.04.043/94 dated February 4, 1994 on 'Income Recognition, Provisioning and Other Related Matters', banks have been permitted to set-off the floating provisions, wherever available, against provisions required to be made as per e
RBI/2005-06/421 DBOD.NO.BP. BC. 89 / 21.04.048/ 2005-06 June 22, 2006 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Prudential norms on creation and utilisation of floating provisions In terms of Para (3) of circular DBOD.No.BC.8/21.04.043/94 dated February 4, 1994 on 'Income Recognition, Provisioning and Other Related Matters', banks have been permitted to set-off the floating provisions, wherever available, against provisions required to be made as per e
ଜୁନ 22, 2006
Maintenance of CRR on Exempted Categories
RBI/2005-2006/423 DBOD.No.BC. 93 /12.01.001/2005-2006 June 22, 2006 To All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Maintenance of CRR on Exempted Categories Please refer to paragraph 2.3.7 of our Master Circular RBI/2005-06/70/DBOD.Ret.BC.18/12.01.001 dated July 19, 2005 on CRR and SLR. 2. In terms of the instructions contained therein, every Scheduled Commercial Bank is exempted from maintaining average CRR on the following liabilities,
RBI/2005-2006/423 DBOD.No.BC. 93 /12.01.001/2005-2006 June 22, 2006 To All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Maintenance of CRR on Exempted Categories Please refer to paragraph 2.3.7 of our Master Circular RBI/2005-06/70/DBOD.Ret.BC.18/12.01.001 dated July 19, 2005 on CRR and SLR. 2. In terms of the instructions contained therein, every Scheduled Commercial Bank is exempted from maintaining average CRR on the following liabilities,
ଜୁନ 22, 2006
Section 42(1) of Reserve Bank of India Act, 1934 - Maintenance of CRR
RBI/2005-2006/422 DBOD.No.Ret.BC. 91 /12.01.001/2005-2006@@NBSP@@ June@@NBSP@@22, 2006 @@NBSP@@ To All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our Circular DBOD.No.Ret.BC.41/12.01.001/2004-2005 dated September 11, 2004. 2. The Reserve Bank of India (Amendment) Bill, 2006 has been enacted and has come into force with effect from June 22, 2006, with its no
RBI/2005-2006/422 DBOD.No.Ret.BC. 91 /12.01.001/2005-2006@@NBSP@@ June@@NBSP@@22, 2006 @@NBSP@@ To All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir, Section 42(1) of Reserve Bank of India Act, 1934 – Maintenance of CRR Please refer to our Circular DBOD.No.Ret.BC.41/12.01.001/2004-2005 dated September 11, 2004. 2. The Reserve Bank of India (Amendment) Bill, 2006 has been enacted and has come into force with effect from June 22, 2006, with its no
ଜୁନ 14, 2006
Appointment/posting of Foreign Exchange Dealers
RBI.No.2005-06/410 DBOD.PSBD. BC.88 /16.13.100/2005-06 June 14, 2006 To The Chairmen and Chief Executive Officers, all Scheduled Commercial Banks Dear Sir, Foreign Exchange Dealers – Appointment/posting of Please refer to letter DO.No.EC.AD&EM.883/02.03.71/95-96 dated May 27, 1996 issued by our erstwhile Exchange Control Department advising banks to obtain prior concurrence of Reserve Bank for the posting of Head of Treasury / International Division and persons re
RBI.No.2005-06/410 DBOD.PSBD. BC.88 /16.13.100/2005-06 June 14, 2006 To The Chairmen and Chief Executive Officers, all Scheduled Commercial Banks Dear Sir, Foreign Exchange Dealers – Appointment/posting of Please refer to letter DO.No.EC.AD&EM.883/02.03.71/95-96 dated May 27, 1996 issued by our erstwhile Exchange Control Department advising banks to obtain prior concurrence of Reserve Bank for the posting of Head of Treasury / International Division and persons re
ଜୁନ 12, 2006
Adherence to National Building Code (NBC) specifications necessary for lending Institutions
RBI 2005-06/407 DBOD.BP.BC. 1711 /08.12.14/2005-06 June 12, 2006 The Chairman / Chief Executives of all Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Adherence to National Building Code (NBC) specifications necessary for lending Institutions Bureau of Indian Standards (BIS) has formulated a comprehensive building Code namely National Building Code (NBC) of India 2005, providing guidelines for regulating the building construction activities across the country.
RBI 2005-06/407 DBOD.BP.BC. 1711 /08.12.14/2005-06 June 12, 2006 The Chairman / Chief Executives of all Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Adherence to National Building Code (NBC) specifications necessary for lending Institutions Bureau of Indian Standards (BIS) has formulated a comprehensive building Code namely National Building Code (NBC) of India 2005, providing guidelines for regulating the building construction activities across the country.
ଜୁନ 08, 2006
Innovative Tier I/Tier II Bonds - Hedging by banks through Derivative Structures
RBI/2005-06/404 DBOD.BP.BC. 87 /21.01.002/2005-06 June 8, 2006 All Commercial Banks (excluding RRBs) Dear Sir, Innovative Tier I/Tier II Bonds - Hedging by banks through Derivative Structures It has come to our notice that some banks have undertaken swap transactions involving conversion of fixed rate rupee liabilities in respect of Innovative Tier I/Tier II bonds into floating rate foreign currency liabilities. Though the banks have apparently entered into such swaps
RBI/2005-06/404 DBOD.BP.BC. 87 /21.01.002/2005-06 June 8, 2006 All Commercial Banks (excluding RRBs) Dear Sir, Innovative Tier I/Tier II Bonds - Hedging by banks through Derivative Structures It has come to our notice that some banks have undertaken swap transactions involving conversion of fixed rate rupee liabilities in respect of Innovative Tier I/Tier II bonds into floating rate foreign currency liabilities. Though the banks have apparently entered into such swaps
ମଇ 29, 2006
Annual Policy Statement for the year 2006-07-Additional Provisioning Requirement for Standard Assets
RBI/2005-06/394 DBOD.No.BP.BC. 85 / 21.04.048 / 2005-2006 May 29, 2006 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Annual Policy Statement for the year 2006-07-Additional Provisioning Requirement for Standard Assets Please refer to paragraph 185 of the Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.279/07.01.279/2005-06 dated April 18, 2006 (copy of the paragraph enclosed). 2. The Committee on Banking Sector Reforms
RBI/2005-06/394 DBOD.No.BP.BC. 85 / 21.04.048 / 2005-2006 May 29, 2006 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Annual Policy Statement for the year 2006-07-Additional Provisioning Requirement for Standard Assets Please refer to paragraph 185 of the Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.279/07.01.279/2005-06 dated April 18, 2006 (copy of the paragraph enclosed). 2. The Committee on Banking Sector Reforms
ମଇ 29, 2006
Disclosure in Balance Sheets - Provisions and Contingencies
RBI No. 2005-06/395 DBOD.BP.BC No. 86 / 21.04.018/ 2005-06 May 29, 2006 The Chairmen/Chief Executives of All Commercial Banks (excluding RRBs) Dear Sir, Disclosure in Balance Sheets – Provisions and Contingencies In order to increase transparency, Reserve Bank of India has from time to time issued circulars to banks requiring disclosures in the Notes on Account to their Balance Sheets. These instructions were consolidated in the master circular DBOD.No.BP.BC.59
RBI No. 2005-06/395 DBOD.BP.BC No. 86 / 21.04.018/ 2005-06 May 29, 2006 The Chairmen/Chief Executives of All Commercial Banks (excluding RRBs) Dear Sir, Disclosure in Balance Sheets – Provisions and Contingencies In order to increase transparency, Reserve Bank of India has from time to time issued circulars to banks requiring disclosures in the Notes on Account to their Balance Sheets. These instructions were consolidated in the master circular DBOD.No.BP.BC.59
ମଇ 25, 2006
Risk Weight on Exposures to Commercial Real Estate and Venture Capital Funds raised
RBI.No.2005-06/391 DBOD. BP.BC. 84 / 21.01.002/ 2005-06 May 25, 2006 All Commercial Banks (excluding RRBs) Dear Sir, Annual Policy Statement for the Year 2006-07- Risk Weight on Exposures to Commercial Real Estate and Venture Capital Funds Please refer to our Circular No. DBOD. BP.BC. 20 / 21.01.002/ 2005-06 July 26, 2005 wherein, the risk weight on banks’ exposure to the commercial real estate was increased from 100 per cent to 125 per cent and was applicable on an o
RBI.No.2005-06/391 DBOD. BP.BC. 84 / 21.01.002/ 2005-06 May 25, 2006 All Commercial Banks (excluding RRBs) Dear Sir, Annual Policy Statement for the Year 2006-07- Risk Weight on Exposures to Commercial Real Estate and Venture Capital Funds Please refer to our Circular No. DBOD. BP.BC. 20 / 21.01.002/ 2005-06 July 26, 2005 wherein, the risk weight on banks’ exposure to the commercial real estate was increased from 100 per cent to 125 per cent and was applicable on an o
ଅପ୍ରେଲ 28, 2006
Rupee Export Credit Interest Rates
RBI / 2005-06/378 DBOD Dir (Exp).BC.No. 83 /04.02.01/2005-06 April 28, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir (Exp).No.41/04.02.01/2005-06 dated November 2, 2005 on the captioned subject. The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto October 31, 2006. In this connection, you may please refer to RBI
RBI / 2005-06/378 DBOD Dir (Exp).BC.No. 83 /04.02.01/2005-06 April 28, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Rupee Export Credit Interest Rates Please refer to our circular DBOD.Dir (Exp).No.41/04.02.01/2005-06 dated November 2, 2005 on the captioned subject. The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto October 31, 2006. In this connection, you may please refer to RBI
ଅପ୍ରେଲ 20, 2006
Exemption from applicability of Section 20 of the Banking Regulation Act, 1949- Issue of Credit Cards to Directors of banks
RBI/2005-06/368 DBOD.No.Leg.BC.81/09.11.013/2005-06 April 20, 2006 To All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Exemption from applicability of Section 20 of the Banking Regulation Act, 1949- Issue of Credit Cards to Directors of banks Please refer to para 1.2.4 of our Master Circular DBOD.Dir.BC. 8/13.03.00 /2005-06 dated July 1, 2005 on 'Loans and Advances - 'Statutory and Other Restrictions', wherein it was advised that for the purpose of section 20
RBI/2005-06/368 DBOD.No.Leg.BC.81/09.11.013/2005-06 April 20, 2006 To All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Exemption from applicability of Section 20 of the Banking Regulation Act, 1949- Issue of Credit Cards to Directors of banks Please refer to para 1.2.4 of our Master Circular DBOD.Dir.BC. 8/13.03.00 /2005-06 dated July 1, 2005 on 'Loans and Advances - 'Statutory and Other Restrictions', wherein it was advised that for the purpose of section 20
ଅପ୍ରେଲ 18, 2006
Interest Rate on Non-Resident (External) Rupee (NRE) Deposits
RBI/ 2005-06 / 363 DBOD No. Dir. 80 /13.03.00 / 2005-06 April 18, 2006 All Scheduled Commercial Banks (Excluding RRBS) Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 112 of the Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.279/07.01.279/2005-06 dated April 18, 2006 (copy of the paragraph enclosed). 2. In this context, please refer to item (iii)(a) of Annexure II of our Master Cir
RBI/ 2005-06 / 363 DBOD No. Dir. 80 /13.03.00 / 2005-06 April 18, 2006 All Scheduled Commercial Banks (Excluding RRBS) Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to paragraph 112 of the Annual Policy Statement for the year 2006-07 enclosed to Governor's letter No.MPD.BC.279/07.01.279/2005-06 dated April 18, 2006 (copy of the paragraph enclosed). 2. In this context, please refer to item (iii)(a) of Annexure II of our Master Cir
ଅପ୍ରେଲ 18, 2006
Interest Rates on Export Credit in Foreign Currency
RBI/2005-06/362 DBOD .DIR (Exp). No. 78/04.02.01/2005-06 April 18, 2006 All Commercial Banks Dear Sir, Interest Rates on Export Credit in Foreign Currency Please refer to paragraph 113 of the Annual Policy Statement for the year 2006-07 enclosed to the Governor's letter No. MPD.BC.279/07.01.279/2005-06 dated April 18, 2006 relating to export credit in foreign currency. 2.
RBI/2005-06/362 DBOD .DIR (Exp). No. 78/04.02.01/2005-06 April 18, 2006 All Commercial Banks Dear Sir, Interest Rates on Export Credit in Foreign Currency Please refer to paragraph 113 of the Annual Policy Statement for the year 2006-07 enclosed to the Governor's letter No. MPD.BC.279/07.01.279/2005-06 dated April 18, 2006 relating to export credit in foreign currency. 2.
ଅପ୍ରେଲ 17, 2006
Draft guidelines on improvements to banks’ Asset Liability Management framework
DBOD. No. BP. 7 / 21.04.098/ 2005-06 April 17, 2006 All Commercial Banks (Excluding RRBs) Draft guidelines on improvements to banks’ Asset Liability Management framework Reserve Bank had issued guidelines on Asset Liability Management vide Circular No. DBOD. BP. BC. 94/ 21.04.098/ 99 dated February 10, 1999, which covered, among others, interest rate risk and liquidity risk measurement / reporting frameworks and prudential limits. As banks are aware, interest rate ris
DBOD. No. BP. 7 / 21.04.098/ 2005-06 April 17, 2006 All Commercial Banks (Excluding RRBs) Draft guidelines on improvements to banks’ Asset Liability Management framework Reserve Bank had issued guidelines on Asset Liability Management vide Circular No. DBOD. BP. BC. 94/ 21.04.098/ 99 dated February 10, 1999, which covered, among others, interest rate risk and liquidity risk measurement / reporting frameworks and prudential limits. As banks are aware, interest rate ris
ଅପ୍ରେଲ 12, 2006
Annual Reporting System in respect of Non-SSI (Sick/Weak ) Industrial Units
RBI/2005-06/356 DBS.CO. BC.OSMOS No. 5 /33.01.039/2005-06 April 12, 2006 The Chairman, Chief Executive Officer All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Annual Reporting System in respect of Non-SSI (Sick/Weak ) Industrial Units Please refer to letter IECD.No. 7/06.33.01/98-99 dated August 19,1998 on the captioned subject read with circular IECD No.14/01.01.43/2003-04 dated June 30, 2004. 2. It has been decided to revise the part of the format of
RBI/2005-06/356 DBS.CO. BC.OSMOS No. 5 /33.01.039/2005-06 April 12, 2006 The Chairman, Chief Executive Officer All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Annual Reporting System in respect of Non-SSI (Sick/Weak ) Industrial Units Please refer to letter IECD.No. 7/06.33.01/98-99 dated August 19,1998 on the captioned subject read with circular IECD No.14/01.01.43/2003-04 dated June 30, 2004. 2. It has been decided to revise the part of the format of
ଅପ୍ରେଲ 05, 2006
Guidelines on compliance with Accounting Standard (AS) 11 (revised 2003) - 'The Effects of Changes in Foreign Exchange Rates'
RBI/2005-06/351 DBOD.BP.BC.No. 76 /21.04.018/2005-06 April 5, 2006 All Scheduled Commercial Banks (except RRBs) Dear Sir, Guidelines on compliance with Accounting Standard (AS) 11 (revised 2003) - 'The Effects of Changes in Foreign Exchange Rates' Please refer to para 4.2 of the Annex to our circular DBOD.No.BP.BC.76/21.04. 018/2004-2005 dated March 15, 2005. 2. It was advised therein that in respect of Indian branches and integral foreign operations, those foreign cu
RBI/2005-06/351 DBOD.BP.BC.No. 76 /21.04.018/2005-06 April 5, 2006 All Scheduled Commercial Banks (except RRBs) Dear Sir, Guidelines on compliance with Accounting Standard (AS) 11 (revised 2003) - 'The Effects of Changes in Foreign Exchange Rates' Please refer to para 4.2 of the Annex to our circular DBOD.No.BP.BC.76/21.04. 018/2004-2005 dated March 15, 2005. 2. It was advised therein that in respect of Indian branches and integral foreign operations, those foreign cu
ମାର୍ଚ୍ଚ 29, 2006
Interest Rate on FCNR(B) Deposits
RBI / 2005-06 / 340 DBOD.No.Dir.BC. 75 / 13.03.00 / 2005-06 March 29, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Interest Rate on FCNR(B) Deposits Please refer to item (a) of Annexure I to our Master Circular DBOD.No.Dir.BC. 6 / 13.03.00 / 2005-06 dated July 1, 2005 and the Circular No. DBOD.No.Dir.BC. 62 / 13.03.00 / 2005-06 dated February 8, 2006. In terms of the above guidelines, banks are free to accept FCNR(B) deposits denominated in US dollar
RBI / 2005-06 / 340 DBOD.No.Dir.BC. 75 / 13.03.00 / 2005-06 March 29, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Interest Rate on FCNR(B) Deposits Please refer to item (a) of Annexure I to our Master Circular DBOD.No.Dir.BC. 6 / 13.03.00 / 2005-06 dated July 1, 2005 and the Circular No. DBOD.No.Dir.BC. 62 / 13.03.00 / 2005-06 dated February 8, 2006. In terms of the above guidelines, banks are free to accept FCNR(B) deposits denominated in US dollar
ମାର୍ଚ୍ଚ 24, 2006
Bills discounted under LC - Risk Weight and Exposure Norms
RBI/2005-06/332 DBOD.BP.BC. 73/21.03.054/2005-06 March 24, 2006 All Scheduled Commercial Banks (excluding RRBs / LABs) Dear Sir, Bills discounted under LC – Risk Weight and Exposure Norms Please refer to our circular DBOD.Dir.BC.62/13.07.09/2002-2003 dated January 24, 2003. In terms of para 2(iv) of the circular, the credit exposure on account of bills purchased / discounted / negotiated under LCs or otherwise should be reckoned on the bank’s borrower constituent. Acc
RBI/2005-06/332 DBOD.BP.BC. 73/21.03.054/2005-06 March 24, 2006 All Scheduled Commercial Banks (excluding RRBs / LABs) Dear Sir, Bills discounted under LC – Risk Weight and Exposure Norms Please refer to our circular DBOD.Dir.BC.62/13.07.09/2002-2003 dated January 24, 2003. In terms of para 2(iv) of the circular, the credit exposure on account of bills purchased / discounted / negotiated under LCs or otherwise should be reckoned on the bank’s borrower constituent. Acc
ମାର୍ଚ୍ଚ 22, 2006
Financial Inclusion by Extension of Banking Services - Use of Business Facilitators and Correspondents
RBI/2005-06/331 DBOD.No.BL.BC. 72/22.01.009/2005-2006 March 22, 2006 Chaitra 01, 1928 (S) The Chairmen & CEOs (All Scheduled Commercial Banks including Regional Rural Banks and Local Area Banks) Dear Sir, Financial Inclusion@@NBSP@@by Extension of Banking Services - Use of@@NBSP@@Business Facilitators and Correspondents Please refer to our Circular DBOD.No.BL.BC. 58/22.01.001/2005-2006 dated January 25, 2006 on the above subject.2. In terms of the above circular,
RBI/2005-06/331 DBOD.No.BL.BC. 72/22.01.009/2005-2006 March 22, 2006 Chaitra 01, 1928 (S) The Chairmen & CEOs (All Scheduled Commercial Banks including Regional Rural Banks and Local Area Banks) Dear Sir, Financial Inclusion@@NBSP@@by Extension of Banking Services - Use of@@NBSP@@Business Facilitators and Correspondents Please refer to our Circular DBOD.No.BL.BC. 58/22.01.001/2005-2006 dated January 25, 2006 on the above subject.2. In terms of the above circular,
ମାର୍ଚ୍ଚ 17, 2006
Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934
RBI/2005 - 06/ 326 DBOD.Ret.BC.No. 70 /12.06.062/2005-06 March 17, 2006 All Scheduled Commercial Banks Dear Sir Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934. We advise that the name of 'The Bank of Tokyo - Mitsubishi, Ltd' has been changed to 'The Bank of Tokyo - Mitsubishi UFJ, Ltd' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from January 01, 2006, in terms of Notification DBOD. No.IBD.937/
RBI/2005 - 06/ 326 DBOD.Ret.BC.No. 70 /12.06.062/2005-06 March 17, 2006 All Scheduled Commercial Banks Dear Sir Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934. We advise that the name of 'The Bank of Tokyo - Mitsubishi, Ltd' has been changed to 'The Bank of Tokyo - Mitsubishi UFJ, Ltd' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from January 01, 2006, in terms of Notification DBOD. No.IBD.937/
ମାର୍ଚ୍ଚ 17, 2006
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - "UFJ Bank Ltd"
RBI/2005 - 06/ 327 DBOD.Ret.BC.No. 71 /12.06.075/2005-06 March 17, 2006 All Scheduled Commercial Banks Dear Sir Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - 'UFJ Bank Ltd'. We advise that the name of ' UFJ Bank Ltd' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from January 01, 2006, in terms of Notification DBOD. No.IBD.947/23.03.007/2005-06 dated December 26, 2005, which was published in
RBI/2005 - 06/ 327 DBOD.Ret.BC.No. 71 /12.06.075/2005-06 March 17, 2006 All Scheduled Commercial Banks Dear Sir Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - 'UFJ Bank Ltd'. We advise that the name of ' UFJ Bank Ltd' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from January 01, 2006, in terms of Notification DBOD. No.IBD.947/23.03.007/2005-06 dated December 26, 2005, which was published in
ମାର୍ଚ୍ଚ 16, 2006
Relaxation to trade and industry in the State of Jammu and Kashmir
RBI/2005-06/ 325 DBOD.BP.BC. 69 /21.04.012/ 2005-06 March 16, 2006 The Chairmen of all Scheduled Commercial Banks (excluding RRBs) Dear Sir, Relaxation to trade and industry in the State of Jammu and Kashmir Please refer to our circular DBOD.No.BP.BC.87/21.04.012/2004-2005 dated 2nd May 2005 extending the period of concessions/credit relaxations to borrowers/customers in Jammu and Kashmir up to 31 March 2006. It has been decided that the concessions/credit relaxations
RBI/2005-06/ 325 DBOD.BP.BC. 69 /21.04.012/ 2005-06 March 16, 2006 The Chairmen of all Scheduled Commercial Banks (excluding RRBs) Dear Sir, Relaxation to trade and industry in the State of Jammu and Kashmir Please refer to our circular DBOD.No.BP.BC.87/21.04.012/2004-2005 dated 2nd May 2005 extending the period of concessions/credit relaxations to borrowers/customers in Jammu and Kashmir up to 31 March 2006. It has been decided that the concessions/credit relaxations
ମାର୍ଚ୍ଚ 09, 2006
Contribution to Prime Minister’s National Relief Fund (PMNRF)
RBI/2005-06/320 DBOD No. Dir.BC. 68/13.01.01/2005-06 March 9, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Contribution to Prime Minister’s National Relief Fund (PMNRF) Please refer to our Circular DBOD No. Dir.BC.65/13.01.01/2004-05 dated December 29, 2004. The Prime Minister’s Office (PMO) has advised that the following branches of nine banks have also been designated for the purpose of collection of contribution to Prime Minister’s National Relief
RBI/2005-06/320 DBOD No. Dir.BC. 68/13.01.01/2005-06 March 9, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Contribution to Prime Minister’s National Relief Fund (PMNRF) Please refer to our Circular DBOD No. Dir.BC.65/13.01.01/2004-05 dated December 29, 2004. The Prime Minister’s Office (PMO) has advised that the following branches of nine banks have also been designated for the purpose of collection of contribution to Prime Minister’s National Relief
ମାର୍ଚ୍ଚ 06, 2006
Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934
RBI/2005-06/315 DBOD.Ret.BC.No.66 /12.06.094/2005-06 March 06, 2006 All Scheduled Commercial Banks Dear Sir Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934. We advise that the name of ' Centurion Bank Limited ' has been changed to ' Centurion Bank of Punjab Limited ' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from October 17, 2005, in terms of Notification DBOD.No.PSBD.390/16.01.130/2005-06 da
RBI/2005-06/315 DBOD.Ret.BC.No.66 /12.06.094/2005-06 March 06, 2006 All Scheduled Commercial Banks Dear Sir Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934. We advise that the name of ' Centurion Bank Limited ' has been changed to ' Centurion Bank of Punjab Limited ' in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from October 17, 2005, in terms of Notification DBOD.No.PSBD.390/16.01.130/2005-06 da
ମାର୍ଚ୍ଚ 06, 2006
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - ' Bank of Punjab Limited '
RBI/2005-06/316 DBOD.Ret.BC.No. 67 /12.06.095/2005-06 March 06, 2006 All Scheduled Commercial Banks Dear Sir Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - ' Bank of Punjab Limited ' We advise that the name of ' Bank of Punjab Limited ' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from October 01, 2005, in terms of notification DBOD. No. PSBD.353/16.01.130/2005-06 dated October 07, 2005 whic
RBI/2005-06/316 DBOD.Ret.BC.No. 67 /12.06.095/2005-06 March 06, 2006 All Scheduled Commercial Banks Dear Sir Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - ' Bank of Punjab Limited ' We advise that the name of ' Bank of Punjab Limited ' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from October 01, 2005, in terms of notification DBOD. No. PSBD.353/16.01.130/2005-06 dated October 07, 2005 whic
ମାର୍ଚ୍ଚ 01, 2006
Banks’ Exposure to Real Estate Sector
RBI/2005-06/310 DBOD.BP.BC. 65 /08.12.01/2005-06 March 1, 2006 Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks Dear Sir, Banks’ Exposure to Real Estate Sector As you are aware, there has been substantial increase in lending by banks to the real estate sector during the last few years. While the development of real estate is welcome, there is a need for the banks to curb the excessively risky lending by exercising selectivity
RBI/2005-06/310 DBOD.BP.BC. 65 /08.12.01/2005-06 March 1, 2006 Chairman and Managing Directors/ Chief Executive Officers of All Scheduled Commercial Banks Dear Sir, Banks’ Exposure to Real Estate Sector As you are aware, there has been substantial increase in lending by banks to the real estate sector during the last few years. While the development of real estate is welcome, there is a need for the banks to curb the excessively risky lending by exercising selectivity
ଫେବୃଆରୀ 15, 2006
Prevention of Money Laundering Act, 2002 - Obligation of banks in terms of Rules notified thereunder
RBI/2005-06/301 DBOD.NO.AML.BC.63 /14.01.001/2005-06 February 15, 2006 The Chairmen and Chief Executive Officers (All Scheduled Commercial Banks excluding RRBs) Dear Sir, Prevention of Money Laundering Act, 2002 – Obligation of banks in terms of Rules notified thereunder Please refer to our circular DBOD.No.AML.BC.58/14.01.001/ 2004-05 dated November 29, 2004 on KYC Guidelines and Anti Money Laundering Standards. Banks were advised to put in place a policy framework w
RBI/2005-06/301 DBOD.NO.AML.BC.63 /14.01.001/2005-06 February 15, 2006 The Chairmen and Chief Executive Officers (All Scheduled Commercial Banks excluding RRBs) Dear Sir, Prevention of Money Laundering Act, 2002 – Obligation of banks in terms of Rules notified thereunder Please refer to our circular DBOD.No.AML.BC.58/14.01.001/ 2004-05 dated November 29, 2004 on KYC Guidelines and Anti Money Laundering Standards. Banks were advised to put in place a policy framework w
ଫେବୃଆରୀ 08, 2006
Interest Rates on Non-Resident Deposits
RBI/2005-06/298 DBOD. No. Dir.BC. 62/13.03.00/ 2005-06 February 8, 2006 All Commercial Banks (excluding RRBs) Dear Sir, Interest Rates on Non-Resident Deposits Please refer to our Master Circulars DBOD. No. Dir. BC. 5 & 6 / 13.03.00/ 2005-06 dated July 1, 2005 on Interest Rates on Domestic and NRI Deposits. 2. In terms of our extant guidelines, interest rates on NRE deposits of one to three years' maturity should not exceed the LIBOR/ SWAP rates as on the last wor
RBI/2005-06/298 DBOD. No. Dir.BC. 62/13.03.00/ 2005-06 February 8, 2006 All Commercial Banks (excluding RRBs) Dear Sir, Interest Rates on Non-Resident Deposits Please refer to our Master Circulars DBOD. No. Dir. BC. 5 & 6 / 13.03.00/ 2005-06 dated July 1, 2005 on Interest Rates on Domestic and NRI Deposits. 2. In terms of our extant guidelines, interest rates on NRE deposits of one to three years' maturity should not exceed the LIBOR/ SWAP rates as on the last wor
ଫେବୃଆରୀ 07, 2006
Recommendations of the Working Group to Review Export Credit
RBI/2005-06/297 DBOD. Dir. (Exp) BC.No. 61/ 04.02.02 (WG)/2005-06 February 7, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Recommendations of the Working Group to Review Export Credit The Reserve Bank of India had constituted a Working Group to review Export Credit, consisting of select banks and exporters' organisations, chaired by the Chief General Manager-in-Charge, Department of Banking Operations and Development, Central Office to review the var
RBI/2005-06/297 DBOD. Dir. (Exp) BC.No. 61/ 04.02.02 (WG)/2005-06 February 7, 2006 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Recommendations of the Working Group to Review Export Credit The Reserve Bank of India had constituted a Working Group to review Export Credit, consisting of select banks and exporters' organisations, chaired by the Chief General Manager-in-Charge, Department of Banking Operations and Development, Central Office to review the var
ଫେବୃଆରୀ 02, 2006
Guidelines on Securitisation of Standard Assets
RBI No. 2005-06/294 DBOD.NO.BP.BC.60 / 21.04.048/2005-06 February 1, 2006 All Commercial Banks (excluding RRBs) All India Term Lending and Refinancing Institutions (FIs) All Non Banking Financial Companies (including RNBCs) Dear Sir, Guidelines on Securitisation of Standard Assets As you are aware, Reserve Bank had issued draft guidelines on securitisation of standard assets vide letter DBOD.No.BP.1502/ 21.04.048/ 2004-05 dated April 4, 2005. On the basis of the feedb
RBI No. 2005-06/294 DBOD.NO.BP.BC.60 / 21.04.048/2005-06 February 1, 2006 All Commercial Banks (excluding RRBs) All India Term Lending and Refinancing Institutions (FIs) All Non Banking Financial Companies (including RNBCs) Dear Sir, Guidelines on Securitisation of Standard Assets As you are aware, Reserve Bank had issued draft guidelines on securitisation of standard assets vide letter DBOD.No.BP.1502/ 21.04.048/ 2004-05 dated April 4, 2005. On the basis of the feedb
ଜାନୁଆରୀ 31, 2006
Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - ING Bank N.V.
RBI/2005-06/ 293 DBOD. Ret. BC. No. 59-A /12.06.089/2005-06 January 31, 2006 All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - ING Bank N.V. We advise that the name of ' ING Bank N.V.' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from October 28, 2005, in terms of notification DBOD. No. IBD. 616/23.13.017/2005-06 dated October 28, 2005, which was publish
RBI/2005-06/ 293 DBOD. Ret. BC. No. 59-A /12.06.089/2005-06 January 31, 2006 All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - ING Bank N.V. We advise that the name of ' ING Bank N.V.' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from October 28, 2005, in terms of notification DBOD. No. IBD. 616/23.13.017/2005-06 dated October 28, 2005, which was publish
ଜାନୁଆରୀ 25, 2006
Enhancement of banks’ capital raising options for capital adequacy purposes
RBI / 2005-06 / 283 DBOD.No.BP.BC. 57 / 21.01.002 / 2005-2006 January 25, 2006 All Commercial Banks (Excluding RRBs) Dear Sir Enhancement of banks’ capital raising options for capital adequacy purposes As you are aware, until recently, the capital adequacy ratio was applicable only to credit risk assumed by banks. Subsequently, capital requirement for market risks for the HFT portfolio was introduced during 2004-05. In addition, banks are required to provide capital f
RBI / 2005-06 / 283 DBOD.No.BP.BC. 57 / 21.01.002 / 2005-2006 January 25, 2006 All Commercial Banks (Excluding RRBs) Dear Sir Enhancement of banks’ capital raising options for capital adequacy purposes As you are aware, until recently, the capital adequacy ratio was applicable only to credit risk assumed by banks. Subsequently, capital requirement for market risks for the HFT portfolio was introduced during 2004-05. In addition, banks are required to provide capital f
ଜାନୁଆରୀ 25, 2006
Financial Inclusion by Extension of Banking Services - Use of Business Facilitators and Correspondents
RBI/2005-06/288 DBOD.No.BL.BC. 58/22.01.001/2005-2006 January 25, 2006 Magha 5, 1927 (S) The Chairmen & CEOs (All Scheduled Commercial Banks including RRBs) Dear Sir, Financial Inclusion@@NBSP@@by Extension of Banking Services - Use of@@NBSP@@Business Facilitators and Correspondents With the objective of ensuring greater financial inclusion and@@NBSP@@increasing the outreach of the banking sector, it has been decided in public interest to enable banks to use the s
RBI/2005-06/288 DBOD.No.BL.BC. 58/22.01.001/2005-2006 January 25, 2006 Magha 5, 1927 (S) The Chairmen & CEOs (All Scheduled Commercial Banks including RRBs) Dear Sir, Financial Inclusion@@NBSP@@by Extension of Banking Services - Use of@@NBSP@@Business Facilitators and Correspondents With the objective of ensuring greater financial inclusion and@@NBSP@@increasing the outreach of the banking sector, it has been decided in public interest to enable banks to use the s
ଜାନୁଆରୀ 23, 2006
Section 23 of the Banking Regulation Act, 1949 - Branch Authorisation Policy
RBI/2005-06/280 DBOD.No.BL.BC. 55/22.01.001/2005-2006 January 23, 2006 Magha 3, 1927 (S) The Chairmen & CEOs of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Section 23 of the Banking Regulation Act, 1949 - Branch Authorisation Policy Please refer to our Master Circular DBOD.No.BL.BC. 36/ 22.01.001/ 2005 dated September 8, 2005, on branch authorisation. 2. In terms of the extant instructions, banks are required to approach Department of Banking Operati
RBI/2005-06/280 DBOD.No.BL.BC. 55/22.01.001/2005-2006 January 23, 2006 Magha 3, 1927 (S) The Chairmen & CEOs of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Section 23 of the Banking Regulation Act, 1949 - Branch Authorisation Policy Please refer to our Master Circular DBOD.No.BL.BC. 36/ 22.01.001/ 2005 dated September 8, 2005, on branch authorisation. 2. In terms of the extant instructions, banks are required to approach Department of Banking Operati
ଜାନୁଆରୀ 23, 2006
Collection of account payee cheque - Prohibition on crediting proceeds to third party account
RBI./2005-06/282 DBOD.BP.BC No. 56 / 21.01.001/ 2005-06 January 23, 2006The Chairmen/Chief Executives of all Commercial Banks (excluding RRBs)Dear Sir, Collection of account payee cheque – Prohibition on crediting proceeds to third party account As banks are aware an account payee cheque is required to be collected for the payee constituent. As regards, account payee cheques drawn in favour of banks, it had been indicated, vide our circular DBOD.NO.BC.23/21.01.001/92
RBI./2005-06/282 DBOD.BP.BC No. 56 / 21.01.001/ 2005-06 January 23, 2006The Chairmen/Chief Executives of all Commercial Banks (excluding RRBs)Dear Sir, Collection of account payee cheque – Prohibition on crediting proceeds to third party account As banks are aware an account payee cheque is required to be collected for the payee constituent. As regards, account payee cheques drawn in favour of banks, it had been indicated, vide our circular DBOD.NO.BC.23/21.01.001/92
ଜାନୁଆରୀ 20, 2006
Banking Cash Transaction Tax - Filing of Monthly Returns
RBI/2005-06/ 278 DBOD.No.Dir. BC. 54/13.03.00/2005-06 January 20, 2006 @@NBSP@@ Chief Executives of all Commercial Banks (Excluding RRBs & LABs) Dear Sir Banking Cash Transaction Tax - Filing of Monthly Returns As you are aware, in terms of para 8.1 of circular No. 3 / 2005 dated June 3, 2005 issued by the Ministry of Finance, Government of India (available at website http//www.taxman.com), banks are required to file a Return every month under the Banking Cash Tra
RBI/2005-06/ 278 DBOD.No.Dir. BC. 54/13.03.00/2005-06 January 20, 2006 @@NBSP@@ Chief Executives of all Commercial Banks (Excluding RRBs & LABs) Dear Sir Banking Cash Transaction Tax - Filing of Monthly Returns As you are aware, in terms of para 8.1 of circular No. 3 / 2005 dated June 3, 2005 issued by the Ministry of Finance, Government of India (available at website http//www.taxman.com), banks are required to file a Return every month under the Banking Cash Tra
ଡିସେମ୍ବର 28, 2005
SCBs - Financial Inclusion - Trilingual Forms / Brochures / Pamphlets
RBI /266/2005-06 DBOD.No.Leg.BC.52 /09.07.005/2005-06 December 28, 2005 To All Scheduled Commercial Banks (Excluding RRBs) Dear Sir Financial Inclusion - Trilingual Forms / Brochures / Pamphlets Please refer to our Circular DBOD.No.Leg.BC.44/09.07.005/2005-06 dated November 11, 2005 wherein banks were advised to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balances as well as charges that would make such accounts accessible
RBI /266/2005-06 DBOD.No.Leg.BC.52 /09.07.005/2005-06 December 28, 2005 To All Scheduled Commercial Banks (Excluding RRBs) Dear Sir Financial Inclusion - Trilingual Forms / Brochures / Pamphlets Please refer to our Circular DBOD.No.Leg.BC.44/09.07.005/2005-06 dated November 11, 2005 wherein banks were advised to make available a basic banking 'no-frills' account either with 'nil' or very low minimum balances as well as charges that would make such accounts accessible
ଡିସେମ୍ବର 28, 2005
Rupee Interest rate derivatives (including rupee - foreign currency derivatives) - Setting of limits for non-option derivative contracts
RBI/2005-06/ 267 DBOD. No. BP.BC. 53 / 21.04.157 / 2005-06 December 28, 2005 All Scheduled Commercial Banks Dear Sir Rupee Interest rate derivatives (including rupee – foreign currency derivatives) – Setting of limits for non-option derivative contracts Please refer to letter DBOD No. BP.BC. 91/ 21.04.157/ 2004-05 dated May 20, 2005 regarding interest rate derivatives in terms of which while market participants were advised to henceforth use only domestic rupee benchm
RBI/2005-06/ 267 DBOD. No. BP.BC. 53 / 21.04.157 / 2005-06 December 28, 2005 All Scheduled Commercial Banks Dear Sir Rupee Interest rate derivatives (including rupee – foreign currency derivatives) – Setting of limits for non-option derivative contracts Please refer to letter DBOD No. BP.BC. 91/ 21.04.157/ 2004-05 dated May 20, 2005 regarding interest rate derivatives in terms of which while market participants were advised to henceforth use only domestic rupee benchm
ଡିସେମ୍ବର 27, 2005
Guidelines for bank finance to employees/ Employee Trusts for purchasing banks’ own shares
RBI No. 2005-06/242 DBOD No. Dir.BC. 51/13.07.05/2005-06 December 27, 2005 The Chairman & Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Guidelines for bank finance to employees/ Employee Trusts for purchasing banks’ own shares Please refer to our circular DBOD No. Dir. BC. 63/13.07.05/2004-05 dated December 24, 2004 read with circular DBOD No. Dir. BC. 67/13.07.05/2003-04 dated February 6, 2004 containing guid
RBI No. 2005-06/242 DBOD No. Dir.BC. 51/13.07.05/2005-06 December 27, 2005 The Chairman & Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Guidelines for bank finance to employees/ Employee Trusts for purchasing banks’ own shares Please refer to our circular DBOD No. Dir. BC. 63/13.07.05/2004-05 dated December 24, 2004 read with circular DBOD No. Dir. BC. 67/13.07.05/2003-04 dated February 6, 2004 containing guid
ଡିସେମ୍ବର 21, 2005
Donations by banks
RBI.No./2005-06/237 DBOD.No.Dir.BC. 50/13.01.01/2005-06 December 21, 2005 All Scheduled Commercial Banks (Excluding RRBs) Donations by banks Please refer to our circulars DBOD.No.Dir.BC.15/13.01.01/2002-03 dated August 6, 2002 and DBOD.No.Dir.BC.65/13.01.01/2004-05 dated December 29, 2004 on the above subject. In supersession of the instructions contained therein, it has been decided that henceforth, the policy relating to donations given by banks to various entities
RBI.No./2005-06/237 DBOD.No.Dir.BC. 50/13.01.01/2005-06 December 21, 2005 All Scheduled Commercial Banks (Excluding RRBs) Donations by banks Please refer to our circulars DBOD.No.Dir.BC.15/13.01.01/2002-03 dated August 6, 2002 and DBOD.No.Dir.BC.65/13.01.01/2004-05 dated December 29, 2004 on the above subject. In supersession of the instructions contained therein, it has been decided that henceforth, the policy relating to donations given by banks to various entities
ଡିସେମ୍ବର 06, 2005
Mid-Term Review of Annual Policy Statement for the year 2005-06: Additional Provisioning Requirement for Standard Assets (for FIs)
RBI/ 2005-06/ 227 Ref: DBOD. No. FID. FIC. 6 /01.02.00/2005-06 December 6, 2005 The CEOs of the all-India Term-lending and Refinancing Institutions (Exim Bank, IDFC Ltd., IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) Dear Sir, Mid-Term Review of Annual Policy Statement for the year 2005-06: Additional Provisioning Requirement for Standard Assets (for FIs) In terms of the extant prudential guidelines, the standard assets attract a uniform provisioning require
RBI/ 2005-06/ 227 Ref: DBOD. No. FID. FIC. 6 /01.02.00/2005-06 December 6, 2005 The CEOs of the all-India Term-lending and Refinancing Institutions (Exim Bank, IDFC Ltd., IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) Dear Sir, Mid-Term Review of Annual Policy Statement for the year 2005-06: Additional Provisioning Requirement for Standard Assets (for FIs) In terms of the extant prudential guidelines, the standard assets attract a uniform provisioning require
ନଭେମ୍ବର 22, 2005
Guidelines on One Time Settlement Scheme for SME Accounts (for FIs)
RBI/2005-2006/214 Ref: DBOD. No. FID. FIC. 5 /01.02.00/2005-06 November 22, 2005 The CEOs of the all-India Term-lending and Refinancing Institutions (Exim Bank, IDFC Ltd., IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) Dear Sir, Guidelines on One Time Settlement Scheme for SME Accounts (for FIs) Please find enclosed RPCD Circular RPCD.PLNFS.BC.No.39/06.02.31/2005-06 dated September 3, 2005 on the captioned subject. The Circular has also been placed on the RBI
RBI/2005-2006/214 Ref: DBOD. No. FID. FIC. 5 /01.02.00/2005-06 November 22, 2005 The CEOs of the all-India Term-lending and Refinancing Institutions (Exim Bank, IDFC Ltd., IFCI Ltd., IIBI Ltd., NABARD, NHB, SIDBI and TFCI Ltd.) Dear Sir, Guidelines on One Time Settlement Scheme for SME Accounts (for FIs) Please find enclosed RPCD Circular RPCD.PLNFS.BC.No.39/06.02.31/2005-06 dated September 3, 2005 on the captioned subject. The Circular has also been placed on the RBI
ନଭେମ୍ବର 21, 2005
Credit Card Operations of banks
RBI / 2005-06 / 211 DBOD.FSD.BC. 49/ 24.01.011/ 2005-06 November 21, 2005 All Commercial Banks / NBFCs (Excluding RRBs) Dear Sir, Credit Card Operations of banks Pursuant to the announcement made in the Annual Policy Statement 2004-05, the Reserve Bank of India had constituted a Working Group on Regulatory Mechanism for Cards. The Group has suggested various regulatory measures aimed at encouraging growth of credit cards in a safe, secure and efficient manner as well
RBI / 2005-06 / 211 DBOD.FSD.BC. 49/ 24.01.011/ 2005-06 November 21, 2005 All Commercial Banks / NBFCs (Excluding RRBs) Dear Sir, Credit Card Operations of banks Pursuant to the announcement made in the Annual Policy Statement 2004-05, the Reserve Bank of India had constituted a Working Group on Regulatory Mechanism for Cards. The Group has suggested various regulatory measures aimed at encouraging growth of credit cards in a safe, secure and efficient manner as well
ନଭେମ୍ବର 17, 2005
SCBs - Interest Rate on Non-Resident (External) Rupee (NRE) Deposits
RBI/2005-06/208 DBOD No. Dir. 48/13.03.00/2005-06 November 17, 2005 All Scheduled Commercial Banks (Excluding RRBS) Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to items (ii) and (iii)(a) of Annexure II of our Master Circular DBOD. No.Dir.BC.5/13.03.00/2005-06 dated July 1, 2005 on Interest Rates on Deposits. On a review, it has been decided that until further notice and with effect from close of business in India on November 17
RBI/2005-06/208 DBOD No. Dir. 48/13.03.00/2005-06 November 17, 2005 All Scheduled Commercial Banks (Excluding RRBS) Dear Sir, Interest Rate on Non-Resident (External) Rupee (NRE) Deposits Please refer to items (ii) and (iii)(a) of Annexure II of our Master Circular DBOD. No.Dir.BC.5/13.03.00/2005-06 dated July 1, 2005 on Interest Rates on Deposits. On a review, it has been decided that until further notice and with effect from close of business in India on November 17
ନଭେମ୍ବର 11, 2005
Financial Inclusion
RBI/2005-06/204 DBOD.No.Leg.BC. 44/09.07.005/2005-06 November 11, 2005To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Financial Inclusion Please refer to Paragraph 96 of the Mid-term Review of Annual Policy Statement for the year 2005-06. 2. The Annual Policy Statement of April 2005, while recognising the concerns in regard to the banking practices that tend to exclude rather than attract vast sections of population, urged banks to review their existing pr
RBI/2005-06/204 DBOD.No.Leg.BC. 44/09.07.005/2005-06 November 11, 2005To All Scheduled Commercial Banks (Excluding RRBs)Dear Sir, Financial Inclusion Please refer to Paragraph 96 of the Mid-term Review of Annual Policy Statement for the year 2005-06. 2. The Annual Policy Statement of April 2005, while recognising the concerns in regard to the banking practices that tend to exclude rather than attract vast sections of population, urged banks to review their existing pr
ନଭେମ୍ବର 10, 2005
Debt restructuring mechanism for Small and Medium Enterprises (SMEs)
RBI/ 2005-06/ 205 DBOD. BP. BC. No.46 / 21.04.132/ 2005-06@@NBSP@@@@NBSP@@ November 10, 2005 The Chairman/ Managing Director All Commercial Banks Dear Sir, Debt restructuring mechanism for Small and Medium Enterprises (SMEs) Please refer to Para 3 (ii) our circular DBOD. No. BP. BC. No. 34 /21.04.132 /2005-06 September 8, 2005 on the captioned subject in terms of which accounts involving wilful default, fraud and malfeasance are not be eligible for restructuring under
RBI/ 2005-06/ 205 DBOD. BP. BC. No.46 / 21.04.132/ 2005-06@@NBSP@@@@NBSP@@ November 10, 2005 The Chairman/ Managing Director All Commercial Banks Dear Sir, Debt restructuring mechanism for Small and Medium Enterprises (SMEs) Please refer to Para 3 (ii) our circular DBOD. No. BP. BC. No. 34 /21.04.132 /2005-06 September 8, 2005 on the captioned subject in terms of which accounts involving wilful default, fraud and malfeasance are not be eligible for restructuring under
ନଭେମ୍ବର 10, 2005
Revised Guidelines on Corporate Debt Restructuring (CDR) Mechanism
RBI /2005-06/ 206 DBOD.No.BP.BC. 45 / 21.04.132/ 2005-06 November 10, 2005 All Commercial Banks/Financial Institutions (excluding RRBs) Dear Sir, Revised Guidelines on Corporate Debt Restructuring (CDR) Mechanism Please refer to our circular DBOD No. BP.BC. 68/21.04.114/2002-03 dated February 5, 2003 on the captioned subject wherein detailed guidelines on Corporate Debt Restructuring System were issued incorporating therein the recommendations of the High Level Group
RBI /2005-06/ 206 DBOD.No.BP.BC. 45 / 21.04.132/ 2005-06 November 10, 2005 All Commercial Banks/Financial Institutions (excluding RRBs) Dear Sir, Revised Guidelines on Corporate Debt Restructuring (CDR) Mechanism Please refer to our circular DBOD No. BP.BC. 68/21.04.114/2002-03 dated February 5, 2003 on the captioned subject wherein detailed guidelines on Corporate Debt Restructuring System were issued incorporating therein the recommendations of the High Level Group
ନଭେମ୍ବର 04, 2005
Mid-Term Review of Annual Policy Statement for the year 2005-06: Additional Provisioning Requirement for Standard Assets
RBI/2005-06/198 DBOD.NO.BP. BC.40/ 21.04.048/ 2005-06 4 November 2005 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Mid-Term Review of Annual Policy Statement for the year 2005-06: Additional Provisioning Requirement for Standard Assets In terms of the extant prudential guidelines, the standard assets attract a uniform provisioning requirement of 0.25 per cent of the funded outstanding on a portfolio basis. Traditionally, banks’ loans and advances portfoli
RBI/2005-06/198 DBOD.NO.BP. BC.40/ 21.04.048/ 2005-06 4 November 2005 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Mid-Term Review of Annual Policy Statement for the year 2005-06: Additional Provisioning Requirement for Standard Assets In terms of the extant prudential guidelines, the standard assets attract a uniform provisioning requirement of 0.25 per cent of the funded outstanding on a portfolio basis. Traditionally, banks’ loans and advances portfoli
ନଭେମ୍ବର 02, 2005
Advances against Gold Ornaments and Jewellery
RBI/2005-06/196 DBOD.No.IBD.BC. 663 /23.67.001/2005-06 November 2, 2005 The Chairmen and CEOs of all Scheduled Commercial Banks (Excluding RRBs) Dear Sir Advances against Gold Ornaments and Jewellery Please refer to our circular DBOD. No. BP.BC. 138/21.01.023/94 dated November 22, 1994 on the captioned subject as also earlier circulars enclosed for ready reference. 2. As you are aware, hallmarking of gold jewellery ensures the quality of gold used in the jewellery as
RBI/2005-06/196 DBOD.No.IBD.BC. 663 /23.67.001/2005-06 November 2, 2005 The Chairmen and CEOs of all Scheduled Commercial Banks (Excluding RRBs) Dear Sir Advances against Gold Ornaments and Jewellery Please refer to our circular DBOD. No. BP.BC. 138/21.01.023/94 dated November 22, 1994 on the captioned subject as also earlier circulars enclosed for ready reference. 2. As you are aware, hallmarking of gold jewellery ensures the quality of gold used in the jewellery as
ନଭେମ୍ବର 02, 2005
Rupee Export Credit Interest Rates
RBI/2005-06/195 DBOD Dir (Exp).BC.No.41/04.02.01/2005-06 November 2, 2005 All Scheduled Commercial Banks (excluding RRBs) Dear Sirs, Rupee Export Credit Interest Rates Please refer to our circular (RBI / 2004-05/ 443) DBOD.Dir (Exp). No.83 / 04.02.01/ 2004-05 dated April 29, 2005 on the captioned subject. 2. The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto April 30, 2006. In this connection, you m
RBI/2005-06/195 DBOD Dir (Exp).BC.No.41/04.02.01/2005-06 November 2, 2005 All Scheduled Commercial Banks (excluding RRBs) Dear Sirs, Rupee Export Credit Interest Rates Please refer to our circular (RBI / 2004-05/ 443) DBOD.Dir (Exp). No.83 / 04.02.01/ 2004-05 dated April 29, 2005 on the captioned subject. 2. The validity of the interest rates on rupee export credit indicated in the above circular would now remain in force upto April 30, 2006. In this connection, you m
ଅକ୍ଟୋବର 15, 2005
Guidance Note on Management of Operational Risk
RBI/2005-06/180 DBOD.No.BP.BC.39/ 21.04.118/2004-05 October 14, 2005 To The Chairman All Scheduled Commercial Banks Dear Sir, Guidance Note on Management of Operational Risk 1. As you are aware, The Basel Committee on Banking Supervision (BCBS) released the 'International Convergence of Capital Measurement and Capital Standards – A Revised Framework' in June 2004. In terms of the draft guidelines on implementation of the New Capital Adequacy Framework issued on Februa
RBI/2005-06/180 DBOD.No.BP.BC.39/ 21.04.118/2004-05 October 14, 2005 To The Chairman All Scheduled Commercial Banks Dear Sir, Guidance Note on Management of Operational Risk 1. As you are aware, The Basel Committee on Banking Supervision (BCBS) released the 'International Convergence of Capital Measurement and Capital Standards – A Revised Framework' in June 2004. In terms of the draft guidelines on implementation of the New Capital Adequacy Framework issued on Februa
ଅକ୍ଟୋବର 10, 2005
Investment Fluctuation Reserve
RBI/2005-06/177 DBOD. No. BP.BC. 38/21.04.141/2005-06 October 10, 2005 All Commercial Banks (excluding RRBs) Dear Sir, Capital Adequacy - Investment Fluctuation Reserve To ensure smooth transition to Basel II norms, banks were advised vide our circular DBOD.No.BP.BC.103/ 21.04.151/ 2003-04 dated June 24, 2004 to maintain capital charge for market risk in a phased manner over a two year period, as under: i. In respect of securities included in the HFT category, open go
RBI/2005-06/177 DBOD. No. BP.BC. 38/21.04.141/2005-06 October 10, 2005 All Commercial Banks (excluding RRBs) Dear Sir, Capital Adequacy - Investment Fluctuation Reserve To ensure smooth transition to Basel II norms, banks were advised vide our circular DBOD.No.BP.BC.103/ 21.04.151/ 2003-04 dated June 24, 2004 to maintain capital charge for market risk in a phased manner over a two year period, as under: i. In respect of securities included in the HFT category, open go
ସେପ୍ଟେମ୍ବର 09, 2005
IDBI Bank Ltd. excluded from the Second Schedule of the RBI Act, 1934
RBI / 2005-06 / 162 DBOD.Ret.BC.No. 37 /12.06.100/2005-06 September 9, 2005 All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- IDBI Bank Limited We advise that the name of 'IDBI Bank Limited' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 02, 2005, in terms of notification DBOD.No.BP.BC.-1638/21.04.152/2004-05 dated April 13, 2005 which was publis
RBI / 2005-06 / 162 DBOD.Ret.BC.No. 37 /12.06.100/2005-06 September 9, 2005 All Scheduled Commercial Banks Dear Sir, Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- IDBI Bank Limited We advise that the name of 'IDBI Bank Limited' has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 02, 2005, in terms of notification DBOD.No.BP.BC.-1638/21.04.152/2004-05 dated April 13, 2005 which was publis
ସେପ୍ଟେମ୍ବର 08, 2005
Debt Restructuring Mechanism for SMEs
RBI/2005-06/159 DBOD. BP. BC. No.@@NBSP@@34 / 21.04.132/ 2005-06@@NBSP@@@@NBSP@@ September 8, 2005 The Chairman/ Managing Director All Commercial Banks Dear Sir, Debt restructuring mechanism for Small and Medium Enterprises (SMEs) - Announcement made by the Union Finance Minister As part of announcement made by the Hon'ble Finance Minister for improving flow of credit to small and medium enterprises, a debt restructuring mechanism for units in SME sector is required t
RBI/2005-06/159 DBOD. BP. BC. No.@@NBSP@@34 / 21.04.132/ 2005-06@@NBSP@@@@NBSP@@ September 8, 2005 The Chairman/ Managing Director All Commercial Banks Dear Sir, Debt restructuring mechanism for Small and Medium Enterprises (SMEs) - Announcement made by the Union Finance Minister As part of announcement made by the Hon'ble Finance Minister for improving flow of credit to small and medium enterprises, a debt restructuring mechanism for units in SME sector is required t
ସେପ୍ଟେମ୍ବର 08, 2005
Liberalised Branch Authorisation Policy
RBI/2005-06/160 DBOD. No.BL.BC.35 / 22.01.001/ 2005-06 September 8, 2005 Bhadra 17,1927 (S) The Chairmen and CEOs of all Scheduled Commercial Banks (excluding RRBs) Dear Sir, Section 23 of the Banking Regulation Act, 1949 - Liberalised Branch Authorisation Policy As you are aware, the opening of new and transfer of existing places of business by the banks is governed by the provisions of section 23 of the Banking Regulation Act, 1949, while the extant operating instru
RBI/2005-06/160 DBOD. No.BL.BC.35 / 22.01.001/ 2005-06 September 8, 2005 Bhadra 17,1927 (S) The Chairmen and CEOs of all Scheduled Commercial Banks (excluding RRBs) Dear Sir, Section 23 of the Banking Regulation Act, 1949 - Liberalised Branch Authorisation Policy As you are aware, the opening of new and transfer of existing places of business by the banks is governed by the provisions of section 23 of the Banking Regulation Act, 1949, while the extant operating instru
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