A.D.(M.A.Series) Circular No.32 (November 1 , 1999)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001November 1 , 1999A.D.(M.A.Series) Circular No.32To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the Exchange Control regulations as stated in the following paragraphs.1. Investment in Non-Convertible Debentures byNRIs/OCBs on non-repatriation/repatriation basis In terms of paragraph 10C.7(ii) and 10C.15 of E

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001November 1 , 1999A.D.(M.A.Series) Circular No.32To All Authorised Dealers in Foreign ExchangeDear Sirs,Amendments to Exchange Control Manual (ECM) It has been decided to amend/modify the Exchange Control regulations as stated in the following paragraphs.1. Investment in Non-Convertible Debentures byNRIs/OCBs on non-repatriation/repatriation basis In terms of paragraph 10C.7(ii) and 10C.15 of E

A.D.(M.A.Series) Circular No.32 (November 1 , 1999)

Monetary and Credit Policy Measures

BP.BC. 121 /21.04.124/99  November 3, 1999All commercial banks (excluding RRBs)Dear Sir,Monetary and Credit Policy MeasuresPlease refer to Governor’s letter No.MPD.BC.190/07.01.279/99-2000 dated October 29, 1999 enclosing a copy of the Statement on "Mid-Term Review of Monetary and Credit Policy for the Year 1999-2000". The guidelines in regard to prudential norms in terms of paragraph 45 of the Statement are given below :i) Risk weight on non-SLR securities In te

BP.BC. 121 /21.04.124/99  November 3, 1999All commercial banks (excluding RRBs)Dear Sir,Monetary and Credit Policy MeasuresPlease refer to Governor’s letter No.MPD.BC.190/07.01.279/99-2000 dated October 29, 1999 enclosing a copy of the Statement on "Mid-Term Review of Monetary and Credit Policy for the Year 1999-2000". The guidelines in regard to prudential norms in terms of paragraph 45 of the Statement are given below :i) Risk weight on non-SLR securities In te

Monetary and Credit Policy Measures

Circulars on Cash Reserve Ratio

October 29, 1999BC. 113 /12.01.001/ 99-2000 Karthika 07, 1921To All Scheduled Commercial Banks( Excluding Regional Rural Banks)Dear Sir,Section 42 (1) of the Reserve Bank of India Act, 1934 –Reduction in Cash Reserve RatioPlease refer to Governor’s Circular No MPD. BC. 190 / 07.01.279 /99-2000 dated October 29, 1999 enclosing a copy of the statement on "Mid -Term Review of Monetary and Credit Policy for the year 1999-2000". In this connection, we advise as under: 2. (

October 29, 1999BC. 113 /12.01.001/ 99-2000 Karthika 07, 1921To All Scheduled Commercial Banks( Excluding Regional Rural Banks)Dear Sir,Section 42 (1) of the Reserve Bank of India Act, 1934 –Reduction in Cash Reserve RatioPlease refer to Governor’s Circular No MPD. BC. 190 / 07.01.279 /99-2000 dated October 29, 1999 enclosing a copy of the statement on "Mid -Term Review of Monetary and Credit Policy for the year 1999-2000". In this connection, we advise as under: 2. (

Circulars on Cash Reserve Ratio

Notifications on Cash Reserve Ratio

Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & DevelopmentWorld Trade Centre - I, Cuffe Parade ColabaMumbai-400 005DBOD.NO. BC.110 /12.01.001/99-2000October 29, 1999Karthika 07,1921NOTIFICATIONIn exercise of the powers conferred by the Proviso to Sub-section (1) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934) and in supersession of its Notification No. DBOD.BC.30/12.01.001/98-99 dated April 20, 1999 the Reserve Bank of India

Reserve Bank of IndiaCentral OfficeDepartment of Banking Operations & DevelopmentWorld Trade Centre - I, Cuffe Parade ColabaMumbai-400 005DBOD.NO. BC.110 /12.01.001/99-2000October 29, 1999Karthika 07,1921NOTIFICATIONIn exercise of the powers conferred by the Proviso to Sub-section (1) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934) and in supersession of its Notification No. DBOD.BC.30/12.01.001/98-99 dated April 20, 1999 the Reserve Bank of India

Notifications on Cash Reserve Ratio

"Bill" finance for settlement of dues

IECD No.7/08.12.01/99-2000 November 2,1999 The Chairmen/Chief Executives of all Commercial banks Dear Sirs, "Bill" finance for settlement of dues A reference is invited to the mandatory bills discipline for credit purchases introduced vide our circulars IECD No.16 and 3/08.12.01/97-98 dated November 4, 1997 and July 8, 1998, respectively, with a view to encouraging bills culture. A mandatory minimum 25 per cent for acceptance of bills was prescribed. 2. A number of ba

IECD No.7/08.12.01/99-2000 November 2,1999 The Chairmen/Chief Executives of all Commercial banks Dear Sirs, "Bill" finance for settlement of dues A reference is invited to the mandatory bills discipline for credit purchases introduced vide our circulars IECD No.16 and 3/08.12.01/97-98 dated November 4, 1997 and July 8, 1998, respectively, with a view to encouraging bills culture. A mandatory minimum 25 per cent for acceptance of bills was prescribed. 2. A number of ba

"Bill" finance for settlement of dues

Export Credit - Interest Rates

IECD.No. 6 /04.02.01/99-2000October 29, 1999The Chairmen/Chief Executives of all commercial banksDear Sir,Export Credit - Interest RatesPlease refer to our Circular IECD.No.26/04.02.01/97-98 dated December 17, 1997 read with circular IECD No.32/04.02.01/97-98 dated December 31, 1997 in terms of which the higher rate of interest of 20 per cent per annum (minimum) was prescribed for "Export Credit Not Otherwise Specified(ECNOS)" at post-shipment stage. It has now been d

IECD.No. 6 /04.02.01/99-2000October 29, 1999The Chairmen/Chief Executives of all commercial banksDear Sir,Export Credit - Interest RatesPlease refer to our Circular IECD.No.26/04.02.01/97-98 dated December 17, 1997 read with circular IECD No.32/04.02.01/97-98 dated December 31, 1997 in terms of which the higher rate of interest of 20 per cent per annum (minimum) was prescribed for "Export Credit Not Otherwise Specified(ECNOS)" at post-shipment stage. It has now been d

Export Credit - Interest Rates

Housing Finance – Modification in loan size

Ref.IECD No.(HF) 5/03:27:25/99-2000October 29, 1999@@NBSP@@The Chairmen / Chief Executives of all commercial banks@@NBSP@@Dear Sir,Housing Finance – Modification in loan sizePlease refer to paragraph 50 of the statement on "Mid-Term Review of Monetary and Credit Policy for the Year 1999-2000" enclosed to Governor’s letter No. MPD.BC.190/ 07.01.279/99-2000 dated October 29, 1999 regarding bank finance for housing sector. 2. As you are aware, at present, indirect housin

Ref.IECD No.(HF) 5/03:27:25/99-2000October 29, 1999@@NBSP@@The Chairmen / Chief Executives of all commercial banks@@NBSP@@Dear Sir,Housing Finance – Modification in loan sizePlease refer to paragraph 50 of the statement on "Mid-Term Review of Monetary and Credit Policy for the Year 1999-2000" enclosed to Governor’s letter No. MPD.BC.190/ 07.01.279/99-2000 dated October 29, 1999 regarding bank finance for housing sector. 2. As you are aware, at present, indirect housin

Housing Finance – Modification in loan size

Interest Rate Surcharge on Import Finance

IECD.No. 4 / 08.14.01/99-2000 October 29, 1999The Chairmen/ Chief Executivesof commercial banksDear Sirs,Interest Rate Surcharge on Import Finance Please refer to paragraph 36 (III) of the statement on " Mid-Term Review of Monetary and Credit Policy for the Year 1999-2000 " enclosed to Governor’s letter No.MPD.BC. 190 /07.01.279/99-2000 dated October 29,1999 regarding withdrawal of the levy of the interest rate surcharge on import finance. Accordingly, effective Octob

IECD.No. 4 / 08.14.01/99-2000 October 29, 1999The Chairmen/ Chief Executivesof commercial banksDear Sirs,Interest Rate Surcharge on Import Finance Please refer to paragraph 36 (III) of the statement on " Mid-Term Review of Monetary and Credit Policy for the Year 1999-2000 " enclosed to Governor’s letter No.MPD.BC. 190 /07.01.279/99-2000 dated October 29,1999 regarding withdrawal of the levy of the interest rate surcharge on import finance. Accordingly, effective Octob

Interest Rate Surcharge on Import Finance

Statement by Dr. Bimal Jalan, Governor, Reserve Bank of India on Mid - term Review of Monetary and Credit Policy for 1999-2000

Statement by Dr. Bimal Jalan, Governor, Reserve Bank of India on Mid-term Review of Monetary and Credit Policy for 1999-2000 Introduction As in the previous year, this Statement on Mid-term Review of Monetary and Credit Policy consists of three parts: (i) Mid-term Review of Macro-economic and Monetary Developments in 1999-2000; (ii) Stance of Monetary Policy for the second half of 1999-2000; and (iii) Financial Sector Reforms and Monetary Policy Measures. The mid-term

Statement by Dr. Bimal Jalan, Governor, Reserve Bank of India on Mid-term Review of Monetary and Credit Policy for 1999-2000 Introduction As in the previous year, this Statement on Mid-term Review of Monetary and Credit Policy consists of three parts: (i) Mid-term Review of Macro-economic and Monetary Developments in 1999-2000; (ii) Stance of Monetary Policy for the second half of 1999-2000; and (iii) Financial Sector Reforms and Monetary Policy Measures. The mid-term

Statement by Dr. Bimal Jalan, Governor, Reserve Bank of India on Mid-term Review of Monetary and Credit Policy for 1999-2000

A.D.(M.A.Series) Circular No.30 (October 21, 1999)

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001October 21, 1999A.D.(M.A.Series) Circular No.30A.M.(F.L. Series) Circular No.4To All Authorised Dealers in Foreign Exchange All Authorised Full-fledged Money-ChangersDear Sirs,Sales to Public under General authority Attention of authorised dealers and full-fledged money-changers is drawn to paragraph 3E.7 of Exchange Control Manual and paragraph 9 of Memorandum FLM, in terms of which branches/

RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001October 21, 1999A.D.(M.A.Series) Circular No.30A.M.(F.L. Series) Circular No.4To All Authorised Dealers in Foreign Exchange All Authorised Full-fledged Money-ChangersDear Sirs,Sales to Public under General authority Attention of authorised dealers and full-fledged money-changers is drawn to paragraph 3E.7 of Exchange Control Manual and paragraph 9 of Memorandum FLM, in terms of which branches/

A.D.(M.A.Series) Circular No.30 (October 21, 1999)