Formation of new district Panchsheel Nagar in the State of Uttar Pradesh Assignment of Lead Bank responsibility
RBI/2011-12/407 RPCD.CO.LBS. BC.No. 8377 /02.08.01/2011-12 The Chairmen/CMD All Lead Banks Dear Sir/Madam, Formation of new district Panchsheel Nagar in the State of Uttar Pradesh Assignment of Lead Bank responsibility The Government of Uttar Pradesh vide their Gazette Notifications No. 2877/1-5-2011-153/2-11-R-5 & 2878/1-5-2011-153/2011-R-5 dated September 28, 2011 has advised about the constitution of a new district… Read More
RBI- Cross Border Inward Remittance under Money Transfer Service Scheme
RBI/2011-12/398 A.P. (DIR Series) Circular No. 78 February 15, 2012 All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme. Madam/ Dear Sir, Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme Attention of all the Authorised Persons, who are Indian Agents… Read More
RBI- Clarification on purchase of immovable property in India
RBI/2011/12/399 A.P. (DIR Series) Circular No. 79 February 15, 2012 All Authorised Dealers in Foreign Exchange Madam / Sir, Clarification - Purchase of Immovable Property in India Reporting requirement Attention of Authorised Dealer Category-I banks is invited to Regulation 5 of Notification No. FEMA 21/2000-RB viz. Foreign Exchange Management (Acquisition and Transfer of Immovable Property… Read More
Export of Goods and Services- Simplification and Revision of Softex Procedure
RBI/2011/12/400 A.P. (DIR Series) Circular No. 80 February 15, 2012 All Authorised Dealers in Foreign Exchange Madam / Sir, Export of Goods and Services- Simplification and Revision of Softex Procedure Attention of the Authorised Dealers is invited to Regulation 6 of the Notification No.FEMA 23/2000-RB dated May 3, 2000 viz. Foreign Exchange Management (Export of… Read More
Bank rate increased from 6% p.a. to 9.50% p.a. to align it with the MSF rate
RBI/2011-2012/396 Ref.No.MPD.BC.352/05.03.004/2011-12; February 13, 2012 All Scheduled Commercial Banks Bank Rate Section 49 of the Reserve Bank of India Act, 1934 requires the Reserve Bank to make public (from time to time) the standard rate at which it is prepared to buy or re-discount bills of exchange or other commercial paper eligible for purchase under… Read More
Guidelines issued under Section 36(1) (a) of the Banking Regulation Act, 1949
RBI/2011-12/395 RPCD.CO.RRB.RCB.AML.BC.No. 59 /03.05.33(E) /2011-12 All Regional Rural Banks (RRBs)/ State Co-operative Banks (StCBs) / District Central Co-operative Banks (DCCBs) Dear Sir, Guidelines issued under Section 36(1) (a) of the Banking Regulation Act, 1949 - Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) Implementation of the provisions of Foreign Contribution (Regulation) Act, 2010 The Reserve… Read More
Clarification – Establishment of Project Offices in India by Foreign Entities General Permission
RBI/2011-12/392 A.P. (DIR Series) Circular No. 76 To All Category - I Authorised Dealer Banks Madam / Sir, Clarification - Establishment of Project Offices in India by Foreign Entities General Permission Attention of the Authorised Dealer Category - I (AD Category - I) banks is invited to Regulation 4 of Notification No.FEMA 22 /2000-RB dated May… Read More
Unclaimed Deposits/ Inoperative Accounts in Banks – Display list of Inoperative Accounts
RBI/2011-12/389 DBOD.No.Leg.BC. 81/09.07.005/2011-12 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Unclaimed Deposits/ Inoperative Accounts in Banks - Display list of Inoperative Accounts Please refer to our Circular DBOD.No.Leg.BC.34/09.07.005/2008-09 dated August 22, 2008, wherein detailed instructions have been given to banks on dealing with unclaimed deposits / inoperative accounts. They have been advised to find the… Read More
External Commercial Borrowings Simplification of procedure
RBI/2011-12/390 A.P. (DIR Series) Circular No. 75 To All Authorised Dealer Category- I Banks Madam / Sir, External Commercial Borrowings Simplification of procedure Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000, A.P.… Read More
Deregulation of Savings Bank Deposit Interest Rate Clarification
RBI/2011-12/391 UBD.BPD.(PCB) CIR No. 18 /13.01.000/2011-12 The Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/Madam, Deregulation of Savings Bank Deposit Interest Rate Clarification Please refer to our circular UBD.BPD.(PCB).CIR No.13/13.01.000/2011-12 dated November 25, 2011. 2. We clarify that the revised guidelines issued vide our circular referred to above would be applicable to domestic savings… Read More
Unclaimed Deposits/ Inoperative Accounts in Banks – Display list of Inoperative Accounts
RBI/2011-12/389 DBOD.No.Leg.BC. 81/09.07.005/2011-12 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Unclaimed Deposits/ Inoperative Accounts in Banks - Display list of Inoperative Accounts Please refer to our Circular DBOD.No.Leg.BC.34/09.07.005/2008-09 dated August 22, 2008, wherein detailed instructions have been given to banks on dealing with unclaimed deposits / inoperative accounts. They have been advised to find the… Read More
External Commercial Borrowings Simplification of procedure
RBI/2011-12/390 A.P. (DIR Series) Circular No. 75 To All Authorised Dealer Category- I Banks Madam / Sir, External Commercial Borrowings Simplification of procedure Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, notified vide Notification No. FEMA 3/2000-RB dated May 3, 2000, A.P.… Read More
Guidelines issued under Section 36(1)(a) of the Banking Regulation Act, 1949 – Implementation of the provisions of Foreign Contribution (Regulation) Act, 2010
RBI/2011-12/388 DBOD.AML.BC.No.80/ 14.08.001/ 2011-1 The Chairmen/Chief Executive Officers of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Guidelines issued under Section 36(1)(a) of the Banking Regulation Act, 1949 - Implementation of the provisions of Foreign Contribution (Regulation) Act, 2010 The Reserve Bank, considering the public interest and on being satisfied that it is necessary so… Read More
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