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Cir/ IMD/ DF/13/ 2011 All Registered Mutual Funds/ Approved Asset Management Companies (AMCs) Sir/Madam, Sub: Circular for Mutual Funds A. Transaction charges 1. Please refer to SEBI circular no. SEBI/IMD/CIR No. 4/168230/09 dated June 30, 2009 regarding empowering investors through transparency in payment of commission and load structure. 2. It… Read More
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated August 18, 2011 NOTIFICATION Auction for Sale (Re-issue) of ˜7.83 per cent Government Stock, 2018™ F. No.4 (4) W&M/2011: Government of India hereby notifies sale (re-issue) of ˜7.83 per cent Government Stock, 2018™ (hereinafter called 'the Stock') for an aggregate… Read More
Ref.No.IDMD/833/08.02.032/2010-11 August 18, 2011 All Scheduled Commercial Banks / All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers Dear Sirs, Auction of Government of India Dated Securities Government of India have offered to sell (re-issue) (a) 7.83 percent Government Stock 2018 for a notified amount of Rs.3,000 crore… Read More
RBI/2011-12/156 DPSS. CO. AD. No 314./02.27.005/2011-12 August 18, 2011 All Payment System Operators Authorised under the PSS Act, 2007 Dear Sir Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Standards Please refer to our circular DPSS. CO. AD. No.2318 /02.27.005/2010-11 dated April 8, 2011 on risks arising from the deficiencies in AML/CFT regime of Iran and… Read More
RBI/2011-12/154 RPCD.CO.RRB.BC.No.17/03.05.33/2011-12 The Chairman All Regional Rural Banks Dear Sir, Misuse of Banking Channels - Issue and Payment of Demand Drafts for Rs. 50,000/- and above Please refer to our circular RPCD.No.NB.BC.124/RRB.16/90-91 dated May 29, 1991 in terms of which demand drafts, mail transfers, telegraphic transfers and travellers cheques for Rs.50,000/- and above should be… Read More
As many as 926 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. These arrangements have been made for the convenience of the income tax assesses. Of the 926 bank branches 862 branches are public sector bank branches, 35 HDFC bank branches, 10 ICICI bank branches… Read More
The Reserve Bank of India has imposed a monetary penalty of `2.00 lakh (Rupees two lakh only) on Rajkot Commercial Co-operative Bank Limited, Rajkot, Gujarat, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for violation of Reserve Bank of India's… Read More
The Reserve Bank has been placing the main points of discussion of the Technical Advisory Committee (TAC) on Monetary Policy meeting in public domain with a lag of roughly four weeks after its meeting. Accordingly, the minutes of the twenty-fourth meeting of the TAC held on April 27, 2011 were placed in public domain on… Read More
At the request of AEGON Mutual Fund, Securities and Exchange Board of India, vide its letter dated August 18, 2011, has cancelled the certificate of registration of AEGON Mutual Fund and has withdrawn the approval granted to AEGON Asset Management Company Pvt. Ltd. to act as the Asset Management Company. Consequently, with immediate effect, AEGON… Read More
Underwriting Auctions for Government Securities The Government of India have announced the sale (reissue) of "8.07 per cent Government Stock 2017 for a notified amount of `3,000 crore (nominal), "8.08 per cent Government Stock 2022" for a notified amount of `4,000 crore (nominal) and "8.28 per cent Government Stock 2032 for a notified amount of… Read More
The third meeting of the Sub-Committee of the Financial Stability Development Council (FSDC) was held today in the Reserve Bank of India, New Delhi. Dr. D. Subbarao, Governor, Reserve Bank of India, chaired the meeting. The meeting was attended by Shri R. S. Gujaral, Finance Secretary; Shri R. Gopalan, Secretary, Department of Economic Affairs; Shri… Read More
The Becharaji Nagarik Sahakari Bank Ltd., Becharaji, Dist. Mehsana, Gujarat Penalised The Reserve Bank of India has imposed a monetary penalty of `1.00 lakh (Rupees one lakh only) on The Becharaji Nagarik Sahakari Bank Limited, Becharaji, Dist. Mehsana, Gujarat, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4)… Read More
RBI/2011-12/150 DBOD No. Rajbhasha BC. 21 /06.11.04/2011-12 Chairman & Managing Director All Public Sector Banks Dear Sir, Master Circular - Use of Hindi in banks Please refer to the Master Circular DBOD No. Rajbhasha.BC. 22/ 06.11.04/ 2010-11 dated July 1, 2010 on the captioned subject. The Master Circular has been suitably updated by incorporating instructions issued up to June… Read More
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