Relaxation to trade and industry in the State of Jammu and Kashmir

RBI/2007-08/349 DBOD. No. BP. BC. 89 /21.04.012/2007-08 June 3, 2008 The Chairman / CMD / MD / CEO 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.100/21.04.012/2006-2007 dated May 25, 2007 extending the period of concessions/credit relaxations to borrowers / customers in Jammu and Kashmir up to 31 March 2008. It has been decided that the concessions

RBI/2007-08/349 DBOD. No. BP. BC. 89 /21.04.012/2007-08 June 3, 2008 The Chairman / CMD / MD / CEO 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.100/21.04.012/2006-2007 dated May 25, 2007 extending the period of concessions/credit relaxations to borrowers / customers in Jammu and Kashmir up to 31 March 2008. It has been decided that the concessions

Relaxation to trade and industry in the State of Jammu and Kashmir

Secondary Market Settlements in Government Securities - NDS Settlements through Settlement Banks

RBI /2007-08/ 345 IDMD.DOD.No. 5985 /10.25.66/ 2007-08 June 2, 2008 All NDS and NDS-OM members (except Scheduled Commercial Banks and Primary Dealers) Secondary Market Settlements in Government Securities – NDS Settlements through Settlement Banks Currently, holding a current account and SGL account with RBI is mandatory for settlement of Government security transactions by NDS members. However, the medium term objective of the RBI is to allow current account facility

RBI /2007-08/ 345 IDMD.DOD.No. 5985 /10.25.66/ 2007-08 June 2, 2008 All NDS and NDS-OM members (except Scheduled Commercial Banks and Primary Dealers) Secondary Market Settlements in Government Securities – NDS Settlements through Settlement Banks Currently, holding a current account and SGL account with RBI is mandatory for settlement of Government security transactions by NDS members. However, the medium term objective of the RBI is to allow current account facility

Secondary Market Settlements in Government Securities - NDS Settlements through Settlement Banks

Capital Adequacy Norms - Treatment of banks’ investments in subsidiaries/ associates and of the subsidiaries’ /associates’ investments in parent banks

RBI/2007-2008/341 DBOD No.BP.BC 88/ 21.06.001./ 2007-08 May 30, 2008 The Chairman / CMD/ MD/ CEO All Commercial Banks (excluding RRBs) Dear Sir, Capital Adequacy Norms – Treatment of banks’ investments in subsidiaries/ associates and of the subsidiaries’ /associates’ investments in parent banks Please refer to the paragraph 2.1.3 of the Master Circular DBOD No. BP.BC. 4/21.01.002 / 2007-08 dated July 2, 2007 on ‘Prudential Norms on Capital Adequacy’ and paragraph 4.4.

RBI/2007-2008/341 DBOD No.BP.BC 88/ 21.06.001./ 2007-08 May 30, 2008 The Chairman / CMD/ MD/ CEO All Commercial Banks (excluding RRBs) Dear Sir, Capital Adequacy Norms – Treatment of banks’ investments in subsidiaries/ associates and of the subsidiaries’ /associates’ investments in parent banks Please refer to the paragraph 2.1.3 of the Master Circular DBOD No. BP.BC. 4/21.01.002 / 2007-08 dated July 2, 2007 on ‘Prudential Norms on Capital Adequacy’ and paragraph 4.4.

Capital Adequacy Norms - Treatment of banks’ investments in subsidiaries/ associates and of the subsidiaries’ /associates’ investments in parent banks

Union Budget - 2008-09 - Agricultural Debt Waiver and Debt Relief Scheme, 2008

RBI/2007-2008/340RPCD.No.PLFS.BC. 73/05.04.02/2007-08May 30, 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 dated May 23, 2008, and the Agricultural Debt Waiver and Debt Relief Scheme, 2008, forwarded therewith. 2. In this connection, supplementary explanatory instructio

RBI/2007-2008/340RPCD.No.PLFS.BC. 73/05.04.02/2007-08May 30, 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 dated May 23, 2008, and the Agricultural Debt Waiver and Debt Relief Scheme, 2008, forwarded therewith. 2. In this connection, supplementary explanatory instructio

Union Budget - 2008-09 - Agricultural Debt Waiver and Debt Relief Scheme, 2008

Union Budget - 2008-09 - Agricultural Debt Waiver and Debt Relief Scheme, 2008

RBI/2007-2008/344RPCD.No.PLFS.BC. 74 /05.04.02/2007-08May 30, 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 dated May 23, 2008, and the Agricultural Debt Waiver and Debt Relief Scheme, 2008, forwarded therewith. Your attention is also invited to our circular RPCD.No.PLF

RBI/2007-2008/344RPCD.No.PLFS.BC. 74 /05.04.02/2007-08May 30, 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 dated May 23, 2008, and the Agricultural Debt Waiver and Debt Relief Scheme, 2008, forwarded therewith. Your attention is also invited to our circular RPCD.No.PLF

Union Budget - 2008-09 - Agricultural Debt Waiver and Debt Relief Scheme, 2008

Exposure Norms

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

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

Exposure Norms

Wilful defaulters and action thereagainst

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

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

Wilful defaulters and action thereagainst

NDS - Order Matching (OM) System - Access through the CSGL Route

RBI /2007-08/335 IDMD.DOD.No. 5893 /10.25.66/ 2007-08May 27, 2008All SGL/CSGL Account holders@@NBSP@@Dear Sirs,NDS – Order Matching (OM) System – Access through the CSGL RouteAs you are aware, the Order Matching segment on the NDS (NDS-OM) for trading in Government securities was launched in August 2005. Direct access to NDS-OM was initially extended to the Banks and the Primary Dealers and later to other NDS members such as the Insurance Companies, Mutual Funds and l

RBI /2007-08/335 IDMD.DOD.No. 5893 /10.25.66/ 2007-08May 27, 2008All SGL/CSGL Account holders@@NBSP@@Dear Sirs,NDS – Order Matching (OM) System – Access through the CSGL RouteAs you are aware, the Order Matching segment on the NDS (NDS-OM) for trading in Government securities was launched in August 2005. Direct access to NDS-OM was initially extended to the Banks and the Primary Dealers and later to other NDS members such as the Insurance Companies, Mutual Funds and l

NDS - Order Matching (OM) System - Access through the CSGL Route

Agricultural Debt Waiver and Debt Relief Scheme, 2008

RBI / 2007-2008/ 330RPCD.No.PLFS.BC.72 /05.04.02/2007-08May 23, 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 As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 73) for 2008-09 has announced a debt waiver and debt relief Scheme for farmers, for implementation by all scheduled commercial banks, besides RRBs

RBI / 2007-2008/ 330RPCD.No.PLFS.BC.72 /05.04.02/2007-08May 23, 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 As you are aware, the Hon’ble Finance Minister, in his Budget Speech (paragraph 73) for 2008-09 has announced a debt waiver and debt relief Scheme for farmers, for implementation by all scheduled commercial banks, besides RRBs

Agricultural Debt Waiver and Debt Relief Scheme, 2008

PMLA, 2002 - Obligation of Banks

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

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

PMLA, 2002 - Obligation of Banks