Issue of Indian Depository Receipts (IDRs) – Limited two way fungibilty
RBI/2012-13/178 A. P. (DIR Series) Circular No. 19 August 28, 2012 To, All Category I Authorised Dealer banks Madam/Sir, Issue of Indian Depository Receipts (IDRs) - Limited two way fungibilty Attention of Authorised Dealers Category I (AD Category - I) banks is invited to A.P. (DIR Series) Circular No.5 dated July 22, 2009, in terms of… Read More
Non-resident guarantee for non-fund based facilities entered between two resident entities
RBI/2012-13/179 A. P. (DIR Series) Circular No. 20 August 29, 2012 To All Category-I Authorised Dealer Banks Non-resident guarantee for non-fund based facilities entered between two resident entities Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to Notification No. FEMA 29 / 2000-RB dated September 26, 2000 viz. Payment… Read More
Repayment of Term/Fixed Deposits with ‘Either or Survivor’ or ‘Former or Survivor’ Mandate
RBI/2012-13/176 RPCD.CO.RRB.RCB.BC./03.05.33/2012-13 August 23, 2012 All Regional Rural Banks / State and Central Co-operative Banks Dear Sir, Repayment of Term/Fixed Deposits with 'Either or Survivor' or 'Former or Survivor' Mandate It has come to our notice that some Regional Rural Banks (RRBs) / State and Central Co-operative Banks (StCBs/DCCBs) insist on the signatures of both… Read More
Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards – Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS)
RBI/2012-13/175 A. P. (DIR Series) Circular No. 18 August 23, 2012 To All Authorised Persons, who are Indian agents under Money Transfer Service Scheme Madam / Sir, Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS) Please refer to our A.P. (DIR Series)… Read More
Foreign Direct Investment by citizen / entity incorporated in Pakistan
RBI/2012-13/173 A. P. (DIR Series) Circular No. 16 August 22, 2012 To All Category I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment by citizen / entity incorporated in Pakistan Attention of Authorised Dealer (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person… Read More
Overseas Direct Investments Rationalisation of Form ODI
RBI/2012-13/171 A. P. (DIR Series) Circular No. 15 August 21, 2012 To All Category I Authorised Dealer Banks Dear Madam / Sir, Overseas Direct Investments Rationalisation of Form ODI Attention of the Authorised Dealer (AD - Category I) banks is invited to the Notification No. FEMA 120/RB-2004 dated July 7, 2004 [Foreign Exchange Management (Transfer… Read More
Revisions to the Guidelines on Securitisation Transactions
RBI//2012-13/170 DNBS. PD. No. 301/3.10.01/2012-13 August 21, 2012 All NBFCs excluding Primary Dealers (PDs) Dear Sir, Revisions to the Guidelines on Securitisation Transactions Detailed Guidelines on Securitisation of Standard Assets were issued to NBFCs vide Circular DBOD.NO.BP.BC.60/21.04.048/2005-06 dated February 01, 2006. 2. In order to prevent unhealthy practices surrounding securitization viz; origination of loans for… Read More
Financial Inclusion- Access to Banking Services Basic Savings Bank Deposit Account
RBI/2012-13/169 UBD.BPD.Cir.No. 5/13.01.000//2012-13 August 17, 2012 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/Madam, Financial Inclusion- Access to Banking Services Basic Savings Bank Deposit Account Please refer to paragraphs 88 and 89 of Monetary Policy Statement for the year 2012-13 announced on April 17, 2012. 2. The Urban Co-operative Banks were advised in November… Read More
Govt. permits FDI upto 51% in multi- brand retail trading
Government has approved a proposal to permit FDI, up to 51%, under the Government approval route, in multi-brand retail trading, subject to specified conditions. However, the decision has been suspended, in order to evolve a broader consensus among various stakeholders. Safeguards built into the policy decision are: (i) FDI in Multi Brand Retail Trade… Read More
Exim Bank’s Line of Credit of USD 40.32 million to the Government of the Republic of Chad
RBI/2012-13/166 A. P. (DIR Series) Circular No. 14 August 13, 2012 To All Category - I Authorised Dealer Banks Madam / Sir, Exim Bank's Line of Credit of USD 40.32 million to the Government of the Republic of Chad Export-Import Bank of India (Exim Bank) has concluded an Agreement dated January 19, 2012 with the Government… Read More
Financial Inclusion- Access to Banking Services Basic Savings Bank Deposit Account
RBI/2012-13/164 DBOD.No. Leg. BC.35/09.07.005/2012-13 August 10, 2012 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Financial Inclusion- Access to Banking Services Basic Savings Bank Deposit Account Please refer to paragraphs 88 and 89 of Monetary Policy Statement for the year 2012-13 announced on April 17, 2012. 2. Banks were advised in November 2005 to make available a… Read More
Issue of multicity / payable at all branches cheques by CBS enabled banks
RBI/2012-13/163 DPSS.CO.CHD.No.274/03.01.02/2012-13 August 10, 2012 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam / Dear Sir Issue of multicity / payable at all branches cheques by CBS enabled banks As you are aware, various… Read More
Revised Kisan Credit Card (KCC) Scheme
RBI/2012-13/162 RPCD.FSD.BC.No.23/05.05.09/2012-13; Dated : August 7, 2012; The Chairman and Manager Director/CEOs All Scheduled Commercial Banks (Excluding RRBs) Madam / Dear Sir, Revised Kisan Credit Card (KCC) Scheme Please refer to our circular RPCD.FSD.BC.No. 77/05.05.09/2011-12 dated May 11, 2012 on the above subject. 2. It has been decided to make certain changes in the revised… Read More
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