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SEBI-Allocation of debt limits in corporate debt old and Government Debt long term category to FIIs
CIR/IMD/FIIC/09/2012 March 12, 2012 To All Foreign Institutional Investors through their designated Custodians of Securities Dear Sir/Madam Sub Allocation of debt limits in corporate debt old and Government Debt long term category to FIIs 1. Based on the assessment of the utilization of the limits to FIIs for investments in corporate debt old and Government Debt long… Read More
Opening of Diamond Dollar Accounts (DDAs) Change in periodicity of the reporting
RBI/2011-12/440 A.P. (DIR Series) Circular No. 92 To, All Category - I Authorised Dealer Banks Madam / Sir, Opening of Diamond Dollar Accounts (DDAs) Change in periodicity of the reporting Attention of Authorized Dealer Category I (AD Category-I) banks is invited to para 4 of A.P. (DIR Series) Circular No. 51 dated February 13, 2009 in terms… Read More
Section 42(1) of the Reserve Bank of India Act, 1934 – Maintenance of CRR
RBI/2011-12/438 RPCD.CO.RCB.RRB.BC.No.65/03.05.33/2011-12 All Scheduled State Co-operative Banks / Regional Rural Banks Dear Sir, Section 42(1) of the Reserve Bank of India Act, 1934 - Maintenance of CRR Please refer to our Circular RPCD.CO.RCB.BC.No.56/07.02.01/2011-12 dated January 25, 2012, on the captioned subject. 2. On review of the current and evolving liquidity conditions as set out in the… Read More
Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives
RBI/2011-12/433 FMD.MSRG.No.67/02.05.002/2011-12 All Category I Authorised Dealer Banks and Primary Dealers Madam/Sir, Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives As you are aware, the Reserve Bank of India has taken several steps in the past to improve the transparency of the OTC derivatives market in India. It may be recalled that in… Read More
SEBI- Clearing and Settlement of OTC trades in Commercial Paper (CPs) & Certificates of Deposit (CDs)
Cir. /IMD/DF/8/2012 March 05, 2012 All Intermediaries registered with SEBI under Section 12 of the SEBI Act. (Through the stock exchanges for stock brokers, sub brokers, depositories for depository participants, custodians for FIIs and FVCIs, AMFI for Asset Management Companies.) Dear Sir/ Madam, Sub: Clearing and Settlement of OTC trades in Commercial Paper (CPs) & Certificates… Read More
Grievance Redressal Mechanism in Banks Display of Names of Nodal Officers
RBI/2011-12/426 DBOD.No. Leg.BC.83/ 09.07.005/2011-12 All Scheduled Commercial Banks (excluding RRBs) Dear Sir Grievance Redressal Mechanism in Banks Display of Names of Nodal Officers Please refer to our Circular DBOD.No.Leg.BC.24 /09.07.005/2009-10 dated July 21, 2009 wherein banks were, inter alia, advised to display the names and other details of the officials at their Head Office / Zonal Offices… Read More
Settlement of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs)
RBI/2011-12/427 IDMD.PCD. 20 /14.01.02/2011-12 To All RBI-regulated Entities Dear Sir/Madam Settlement of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs) In terms of circular IDMD.DOD.11/11.08.36/2009-10 dated June 30, 2010, all RBI-regulated entities are mandated to report their OTC transactions in CDs and CPs on the FIMMDA reporting platform within 15 minutes of the… Read More
Grant of ˜Certificate of Registration™ For carrying on the business of Credit Information
RBI/2011-12/429 DBOD No. CID. BC. 84/20.16.042/2011-12 March 5, 2012 Chairmen / Managing Directors / CEOs All Scheduled Commercial Banks (excluding RRBs) & All India Financial Institutions Dear Sir, Grant of ˜Certificate of Registration™ For carrying on the business of Credit Information Credit Information Bureau (India) Limited We advise that, on March 5, 2012,… Read More
SEBI-Guidelines for Credit Rating Agencies
CIR/MIRSD/3/2012 March 01, 2012 To All Credit Rating Agencies Registered with SEBI Dear Sir/Madam, Guidelines for Credit Rating Agencies 1. According to SEBI (Credit Rating Agencies) Regulations, 1996 (the Regulations), a credit rating agency (CRA) has been defined as a body corporate which is engaged in the business of rating of securities offered by way of public or rights… Read More
Financial Inclusion by Extension of Banking Services – Use of Business Correspondents (BCs)
RBI/2011-12/425 DBOD.No.BL.BC. 82/22.01.009/2011-12 All Scheduled Commercial Banks (Including RRBs) & Local Area Banks Dear Sir, Financial Inclusion by Extension of Banking Services - Use of Business Correspondents (BCs) Please refer to paragraph 3 on 'BC Model' of our circular DBOD.No.BL.BC.43/ 22.01.009/2010-11 dated September 28, 2010 on the above subject wherein it is stated that while a BC… Read More
RBI-Monitoring of frauds
RBI/2011-12/424 DNBS.PD.CC. No. 256 /03.10.042 / 2011-12 All Non-Deposit taking NBFCs with asset size of Rs.100 crore and above and Deposit taking NBFCs Dear Sirs, Monitoring of frauds A reference is invited to DNBS(PD)CC.No.59/03.10.42/2005-06 dated October 26, 2005 which contained guidelines on classification of frauds, approach towards monitoring of and reporting system for frauds for deposit taking… Read More
Supervisory Action Framework for Urban Cooperative Banks (UCBs)
RBI/2011-12/420 UBD.BPD. (PCB). Cir.No. 22/12.05.001/2011-12 The Chief Executive Officer, All Primary (Urban) Co-operative Banks. Madam / Dear Sir, Supervisory Action Framework for Urban Cooperative Banks (UCBs) You are aware, that the Reserve Bank of India (the Bank) conducts inspection of UCBs under the provisions of the Banking Regulation Act, 1949 (AACS) (the Act), to assess… Read More
Clarification – Establishment of Branch Offices (BO) / Liaison Offices (LO) in India by Foreign Entities Delegation of Powers
RBI/2011-12/421 A.P. (DIR Series) Circular No.88 To All Category - I Authorised Dealer Banks Madam / Sir, Clarification - Establishment of Branch Offices (BO) / Liaison Offices (LO) in India by Foreign Entities Delegation of Powers Attention of Authorised Dealer Category I (AD Category I) banks is invited to A.P. (DIR Series) Circular No.24 dated December… Read More
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