Prepaid Payment Instruments issued by Non-Banking Institutions
RBI/2013-14/461 DNBS(PD).CC. No 368 /03.10.01 /2013-14 January 24 , 2014 All Non Banking Financial Companies Dear Sirs, Prepaid Payment Instruments issued by Non-Banking Institutions Nonbanking institutions (NBIs) are allowed to issue prepaid payment instruments (PPIs) and collect money in this behalf from the customers, subject to authorisation under the Payment and Settlement Systems Act (PSS… Read More
Tags: Cuffe Parade, Financial institution, General manager, Mumbai, NSV machine gun, Reserve Bank of India, Run batted in, Settlement Systems Act
Revised guidelines on lending to Priority Sector for UCBs
RBI/2013-14/318 UBD CO BPD (PCB) MC. No.18/09.09.001/2013-14 October 8, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Revised guidelines on lending to Priority Sector for UCBs Please refer to our circular UBD PCB Cir. No.11/09.09.01/2007-08 dated August 30, 2007 and the amendments thereto issued from time to time on the captioned… Read More
Tags: Financial institution, India, Loan, Micro & Small Enterprises, Off-Balance Sheet Exposure, Printed circuit board, Priority Sector Lending, Reserve Bank of India, Statutory Liquidity Ratio
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee’s Al Qaida Sanctions List and Consolidated List
RBI/2013-14/182 DBOD. AML.No. 2406/14.06.001/2013-14 August 14, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List and Consolidated List Please refer to our circular DBOD.… Read More
Tags: Al-Qaeda, Al-Qaida, Commercial bank, Financial institution, Government of India, India, Ministry of External Affairs, United Nations Security Council
Announcements from ICSI
Announcement The Council of the Institute has approved the following decisions pertaining to training of the students of the Company Secretaryship Course.: A) 15 months training with Law Firms, Consultancy Firms, Financial Institutions: The Council of the Institute has allowed imparting 15 months training by Law Firms, Consultancy Firms and Financial Institutions. Earlier they were allowed… Read More
Tags: Financial institution, Institute of Company Secretaries of India, Law, Law firm, Law Practice Support, Marketing, Mutual fund, Services
Responsible Innovation and Regulation in the Financial Sector
(Keynote address by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India, at the IDRBT Banking Technology Excellence Awards Function on August 2, 2013 at Hyderabad) Once again, it is my pleasure and privilege to be here at IDRBT for the annual awards for IT excellence in banking. Every time I come here, I am impressed… Read More
Tags: Business, Commonwealth Bank, Duvvuri Subbarao, Financial institution, Financial regulation, Financial services, Government, Reserve Bank of India
Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988(2011) Sanctions List
RBI/2013-14/162 DBOD. AML. No. 1416 /14.06.001/2013-14 July 26, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988(2011) Sanctions List Please refer to our circular DBOD. AML. No. 6328 /14.06.001/2012-13 dated October 29,… Read More
Tags: Acute myeloid leukemia, Bank, Chairman, Commercial bank, Financial institution, Government of India, India, Ministry of External Affairs
Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988(2011) Sanctions List
RBI/2013-14/162 DBOD. AML. No. 1416 /14.06.001/2013-14 July 26, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks / All India Financial Institutions Dear Sir, Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1988(2011) Sanctions List Please refer to our circular DBOD. AML. No. 6328 -14.06.001-2012-13 dated October… Read More
Tags: Bank, Chairman, Commercial bank, Financial institution, Government of India, India, Ministry of External Affairs
Master Circular on Wilful Defaulters
RBI/2013-14/63 DBOD No. CID.BC. 3 /20.16.003/2013-14 July 1, 2013 i) All scheduled commercial banks (excluding RRBs and LABs) and ii) All India Notified Financial Institutions Dear Sir, Master Circular on Wilful Defaulters As you are aware, the Reserve Bank of India has, from time to time, issued a number of circulars to banks and financial… Read More
Tags: finance, Financial institution, Foreign Exchange Management Act, India, Master Circular, Rajesh Verma, Reserve Bank of India
Master Circular – Disclosure Norms for Financial Institutions
RBI/2013-14/78 DBOD.No.FID.FIC.2/01.02.00/2013-14 July 1, 2013 The CEOs of the All-India Term- lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Master Circular - Disclosure Norms for Financial Institutions Please refer to the Master Circular DBOD.No.FID.FIC.2/01.02.00/2012-13 dated July 02, 2012 on the above subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines on… Read More
Tags: All-India Financial Institutions, EXIM bank, Financial institution, India, Master Circular, Master Circulars 1st July 2013, National Bank for Agriculture and Rural Development, Rajesh Verma, Small Industries Development Bank of India
Master Circular – Resource Raising Norms for Financial Institutions
RBI/2013-14/77 DBOD.No.FID.FIC.1/01.02.00/2013-14 July 1, 2013 The CEOs of the All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Master Circular - Resource Raising Norms for Financial Institutions Please refer to Master Circular DBOD.No.FID.FIC.1/01.02.00/2012-13 dated July 02, 2012 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines on… Read More
Tags: All-India Financial Institutions, finance, Financial institution, India, Master Circular, Master Circulars 1st July 2013, Rajesh Verma, Reserve Bank of India, Small Industries Development Bank of India
Master Circular – Exposure Norms for Financial Institutions
RBI/2013-14/80 DBOD.FID.FIC.No.4/01.02.00/2013-14 July 1, 2013 The CEOs of the All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Master Circular - Exposure Norms for Financial Institutions Please refer to the Master Circular DBOD.No.FID.FIC.4/01.02.00/2012-13 dated July 02, 2012 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines on the… Read More
Tags: EXIM bank, Financial institution, General manager, India, Loan, Master Circular, Master Circulars 1st July 2013, National Bank for Agriculture and Rural Development, Non-banking financial company, Rajesh Verma, Small Industries Development Bank of India
Master Circular on Money Transfer Service Scheme
RBI/2013-14/1 Master Circular No.1/2013-14 July 01, 2013 To All Authorised Persons, who are Indian Agents under the Money Transfer Service Scheme Madam / Sir, Master Circular on Money Transfer Service Scheme Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. Only inward… Read More
Tags: All-India Financial Institutions, chartered accountant, Company Secretary, EXIM bank, Financial institution, General manager, India, Indirect tax, Master Circular, Master Circulars 1st July 2013, National Bank for Agriculture and Rural Development, Rajesh Verma, Small Industries Development Bank of India
Continuation of the Restructured Accelerated Power Development and Reforms Programme (R-APDRP) in XII / XIII Plan
The Cabinet Committee on Economic Affairs today approved the proposal for the continuing the Restructured Accelerated Power Development and Reforms Programme (R-APDRP) in the XII Plan with minor changes to complete the ongoing / in pipeline projects so as to meet the objective and scope of the XI Plan R-APDRP. There is no change in… Read More
Tags: Asia, Cabinet Committee on Economic Affairs, Financial institution, Government of India, India, R-APDRP, Restructured Accelerated Power Development, Rupee