Section 45-IA, 45K and 45L of the RBI Act - Grant of CoR - Requirement of minimum NOF of Rs. 200 lakh for all deposit taking NBFCs

RBI/2007-08/369 DNBS (PD) C.C. No. 114 /03. 02.059/2007-08 June 17, 2008 To All deposit taking NBFCs Dear Sir, Section 45-IA, 45K and 45L of the RBI Act – Grant of CoR – Requirement of minimum NOF of Rs. 200 lakh for all deposit taking NBFCs The companies engaged in the business of non-banking financial institution (NBFI) are required to obtain a Certificate of Registration (CoR) from Reserve Bank of India to commence/carry on business of NBFI in terms of Section 45-I

RBI/2007-08/369 DNBS (PD) C.C. No. 114 /03. 02.059/2007-08 June 17, 2008 To All deposit taking NBFCs Dear Sir, Section 45-IA, 45K and 45L of the RBI Act – Grant of CoR – Requirement of minimum NOF of Rs. 200 lakh for all deposit taking NBFCs The companies engaged in the business of non-banking financial institution (NBFI) are required to obtain a Certificate of Registration (CoR) from Reserve Bank of India to commence/carry on business of NBFI in terms of Section 45-I

Section 45-IA, 45K and 45L of the RBI Act - Grant of CoR - Requirement of minimum NOF of Rs. 200 lakh for all deposit taking NBFCs

Review of circulars issued to Public Sector Banks (PSBs)

RBI/2007-2008/365DBOD. No. Inf. BC. 94 /11.01.009/2007-08June 13, 2008 The Chairman & Managing Directorof all Public Sector BanksDear Sir,Review of circulars issued to Public Sector Banks (PSBs)In continuation of our circular letter DBOD. No.Inf. BC.32/11.01.009/2007-08 dated September 10, 2007 on the above subject, it has been decided in consultation with the Government of India to withdraw 8 more circulars, as detailed in the Annex.You are advised to carefully g

RBI/2007-2008/365DBOD. No. Inf. BC. 94 /11.01.009/2007-08June 13, 2008 The Chairman & Managing Directorof all Public Sector BanksDear Sir,Review of circulars issued to Public Sector Banks (PSBs)In continuation of our circular letter DBOD. No.Inf. BC.32/11.01.009/2007-08 dated September 10, 2007 on the above subject, it has been decided in consultation with the Government of India to withdraw 8 more circulars, as detailed in the Annex.You are advised to carefully g

Review of circulars issued to Public Sector Banks (PSBs)

Agricultural Debt Waiver and Debt Relief Scheme, 2008 - Additional Instructions

RBI/2007-2008/366RPCD.No.PLFS.BC. 76@@NBSP@@/05.04.02/2007-08@@NBSP@@June 13, 2008The Chairman/Managing DirectorAll Scheduled Commercial Banks (including Local Area Banks)Dear Sir,Union Budget – 2008-09 – Agricultural Debt Waiver and Debt Relief Scheme, 2008 Please refer to our circular RPCD.No.PLFS.BC. 72 /05.04.02/2007-08@@NBSP@@ dated May 23, 2008, and the Agricultural Debt Waiver and Debt Relief Scheme, 2008, forwarded therewith.2. In this connection, we forward c

RBI/2007-2008/366RPCD.No.PLFS.BC. 76@@NBSP@@/05.04.02/2007-08@@NBSP@@June 13, 2008The Chairman/Managing DirectorAll Scheduled Commercial Banks (including Local Area Banks)Dear Sir,Union Budget – 2008-09 – Agricultural Debt Waiver and Debt Relief Scheme, 2008 Please refer to our circular RPCD.No.PLFS.BC. 72 /05.04.02/2007-08@@NBSP@@ dated May 23, 2008, and the Agricultural Debt Waiver and Debt Relief Scheme, 2008, forwarded therewith.2. In this connection, we forward c

Agricultural Debt Waiver and Debt Relief Scheme, 2008 - Additional Instructions

Liquidity Adjustment Facility - Repo and Reverse Repo Rates

RBI/2007-2008/362FMD.MOAG. No.18/01.01.01/2007-08June 11, 2008All Scheduled Commercial Banks (excluding RRBs) and Primary DealersDear Sir,LIQUIDITY ADJUSTMENT FACILITY – REPO AND REVERSE REPO RATESIn the light of the current macroeconomic and overall monetary conditions and with a view to containing inflation expectations, the Reserve Bank of India has decided to increase the fixed repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points to 8.00 per

RBI/2007-2008/362FMD.MOAG. No.18/01.01.01/2007-08June 11, 2008All Scheduled Commercial Banks (excluding RRBs) and Primary DealersDear Sir,LIQUIDITY ADJUSTMENT FACILITY – REPO AND REVERSE REPO RATESIn the light of the current macroeconomic and overall monetary conditions and with a view to containing inflation expectations, the Reserve Bank of India has decided to increase the fixed repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points to 8.00 per

Liquidity Adjustment Facility - Repo and Reverse Repo Rates

Standing Liquidity Facilities for Banks and Primary Dealers

RBI/2007-2008/363REF.No.MPD.BC. 300/07.01.279/2007-08June 11, 2008ToAll Scheduled Banks [excluding Regional Rural Banks (RRBs)]and Primary DealersDear Sir,Standing Liquidity Facilities for Banks and Primary DealersPlease refer to Financial Markets Department Circular FMD. MOAG No. 18 / 01.01.01/ 2007-08 dated June 11, 2008 on Liquidity Adjustment Facility – Repo and Reverse Repo Rates.2. The fixed repo rate under the LAF has been revised to 8.00 per cent with immediat

RBI/2007-2008/363REF.No.MPD.BC. 300/07.01.279/2007-08June 11, 2008ToAll Scheduled Banks [excluding Regional Rural Banks (RRBs)]and Primary DealersDear Sir,Standing Liquidity Facilities for Banks and Primary DealersPlease refer to Financial Markets Department Circular FMD. MOAG No. 18 / 01.01.01/ 2007-08 dated June 11, 2008 on Liquidity Adjustment Facility – Repo and Reverse Repo Rates.2. The fixed repo rate under the LAF has been revised to 8.00 per cent with immediat

Standing Liquidity Facilities for Banks and Primary Dealers

Banks’ Exposure to Capital Market - Loans extended by banks to Mutual Funds and Issue of Irrevocable Payment Commitments (IPCs)

RBI/2007-08/359 DBOD.No.Dir.BC. 92/13.03.00/2007-2008 June 9, 2008All Scheduled Commercial Banks (excluding RRBs)Dear SirBanks’ Exposure to Capital Market – Loans extended by banks to Mutual Funds and Issue of Irrevocable Payment Commitments (IPCs)Please refer to paragraph 4 of our circular No.DBOD.Dir.BC.57/13.03.00/2007-2008 dated December 14, 2007, in terms of which a transition period of six months from the date of the circular was provided to enable banks to comp

RBI/2007-08/359 DBOD.No.Dir.BC. 92/13.03.00/2007-2008 June 9, 2008All Scheduled Commercial Banks (excluding RRBs)Dear SirBanks’ Exposure to Capital Market – Loans extended by banks to Mutual Funds and Issue of Irrevocable Payment Commitments (IPCs)Please refer to paragraph 4 of our circular No.DBOD.Dir.BC.57/13.03.00/2007-2008 dated December 14, 2007, in terms of which a transition period of six months from the date of the circular was provided to enable banks to comp

Banks’ Exposure to Capital Market - Loans extended by banks to Mutual Funds and Issue of Irrevocable Payment Commitments (IPCs)

Calendar of Reviews - Matters to be Placed Before Board of Directors, Management Committee and Audit Committee

RBI/2007-08/360 DBOD.No.PSBD.BC. 93/16.13.100/2007-08 June 9, 2008 The Chief Executives of All Private Sector Banks Dear Sir, Calendar of Reviews - Matters to be Placed Before Board of Directors, Management Committee and Audit Committee Please refer to our circular DBOD.No.BP.BC. 71/21.03.038/2007-08 dated April 22, 2008 (copy enclosed), addressed by us to the Chief Executives of public sector banks indicating a revised list of reviews to be placed before the Board of

RBI/2007-08/360 DBOD.No.PSBD.BC. 93/16.13.100/2007-08 June 9, 2008 The Chief Executives of All Private Sector Banks Dear Sir, Calendar of Reviews - Matters to be Placed Before Board of Directors, Management Committee and Audit Committee Please refer to our circular DBOD.No.BP.BC. 71/21.03.038/2007-08 dated April 22, 2008 (copy enclosed), addressed by us to the Chief Executives of public sector banks indicating a revised list of reviews to be placed before the Board of

Calendar of Reviews - Matters to be Placed Before Board of Directors, Management Committee and Audit Committee

Banking facilities to the visually challenged

RBI / 2007-08 / 358 DBOD.No.Leg BC. 91 /09.07.005/2007-08 June 4, 2008 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Banking facilities to the visually challenged It has been brought to our notice that visually challenged persons are facing problems in availing banking facilities. It may be noted that banking facilities including cheque book facility / operation of ATM / locker etc. cannot be denied to the visually challenged as they are legally compete

RBI / 2007-08 / 358 DBOD.No.Leg BC. 91 /09.07.005/2007-08 June 4, 2008 To All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Banking facilities to the visually challenged It has been brought to our notice that visually challenged persons are facing problems in availing banking facilities. It may be noted that banking facilities including cheque book facility / operation of ATM / locker etc. cannot be denied to the visually challenged as they are legally compete

Banking facilities to the visually challenged

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

RBI /2007-08/356 DBOD.No.FID.FIC.5/01.02.00/2007-08 June 4, 2008 The CEOs of the All-India term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB, SIDBI ) Dear Sir,@@NBSP@@ Valuation of Non-SLR securities issued by the Government of India Please refer to our Master Circular DBOD.No. FID.FIC.3/01.02.00/ 2007-08 dated July 2, 2007 on ‘Prudential Norms for classification, valuation and operations of investment portfolio by FIs'. 2. It has been observed that, o

RBI /2007-08/356 DBOD.No.FID.FIC.5/01.02.00/2007-08 June 4, 2008 The CEOs of the All-India term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB, SIDBI ) Dear Sir,@@NBSP@@ Valuation of Non-SLR securities issued by the Government of India Please refer to our Master Circular DBOD.No. FID.FIC.3/01.02.00/ 2007-08 dated July 2, 2007 on ‘Prudential Norms for classification, valuation and operations of investment portfolio by FIs'. 2. It has been observed that, o

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

Monitoring bank advances to priority sectors - Special Return III - Disbursal of advances to priority sectors as on the last reporting Friday of June (Annual)

RBI/2007-08/357 RPCD. Stat. BC. No.75 /11.01.04/2007-08 June 04, 2008 The Chairman/Managing Director All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir Monitoring bank advances to priority sectors - Special Return III – Disbursal of advances to priority sectors as on the last reporting Friday of June (Annual) Please refer to our circular RPCD. Stat. BC. No. 18/11.01.04/2007-08 dated August 9, 2007 requesting you to furnish the data in the existin

RBI/2007-08/357 RPCD. Stat. BC. No.75 /11.01.04/2007-08 June 04, 2008 The Chairman/Managing Director All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir Monitoring bank advances to priority sectors - Special Return III – Disbursal of advances to priority sectors as on the last reporting Friday of June (Annual) Please refer to our circular RPCD. Stat. BC. No. 18/11.01.04/2007-08 dated August 9, 2007 requesting you to furnish the data in the existin

Monitoring bank advances to priority sectors - Special Return III - Disbursal of advances to priority sectors as on the last reporting Friday of June (Annual)