Committee on Procedures & Performance Audit on Public Sercies (CPPAPS) Report No. 2 Compensation structure for delay in payment of interest and/or principal
BI/2011-12/294 DGBA.CDD.H- 3657/13.01.298/2011-12 December 9, 2011 The Chairman and Managing Director/Managing Director Government Accounts Department/Head Office State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/ Bank of Maharashtra/Canara Bank/Central Bank of India/ Corporation… Read More
Foreign Direct Investment (FDI) in India – Issue of equity shares under the FDI scheme allowed under the Government route
RBI/2011-12/295 A. P. (DIR Series) Circular No.55 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI scheme allowed under the Government route Attention of Authorised Dealers Category I (AD Category - I) banks is invited to the A.P. (DIR Series) Circular No. 74… Read More
Foreign Investment in Pharmaceuticals Sector – Amendment to the Foreign Direct Investment Scheme
RBI/2011-12/296 A. P. (DIR Series) Circular No.56 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign Investment in Pharmaceuticals Sector - Amendment to the Foreign Direct Investment Scheme Attention of Authorised Dealers Category I (AD Category - I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person… Read More
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
RBI/2011/12/293 A.P. (DIR Series) Circular No.54 To All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 53 dated December 2, 2011,… Read More
Amendment to Public Provident Fund Scheme, 1968 (PPF, 1968)
RBI/2011-12/291 DGBA.CDD. No. H- 3572/15.02.001/2011-12 The Chairman and Managing Director/Managing Director Government Accounts Department/Head Office State Bank of India/State Bank of Patiala/ State Bank of Bikaner & Jaipur/State Bank of Travancore/ State Bank of Hyderabad/State Bank of Mysore/ Andhra Bank/ Allahabad Bank/Bank of Baroda/Bank of India/ Bank of Maharashtra/Canara Bank/Central Bank of India/ Corporation Bank/Dena… Read More
Payment of Cheques / Drafts / Pay Orders / Banker’s Cheques- Validity reduced to 3 months
RBI/ 2011-12/288 UBD. BPD. (PCB) No. 15 /12.05.001/2011-12 December 2, 2011 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/ Madam Payment of Cheques / Drafts / Pay Orders / Banker's Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are… Read More
Introduction of New Category of NBFCs – ˜Non Banking Financial Company-Micro Finance Institutions™ (NBFC-MFIs)
RBI/2011-12/290 DNBS.CC.PD.No. 250/03.10.01/2011-12 December 02, 2011 To All NBFCs(excluding RNBCs) Dear Sir, Introduction of New Category of NBFCs - ˜Non Banking Financial Company-Micro Finance Institutions™ (NBFC-MFIs) - Directions As indicated in the Second Quarter Review of Monetary Policy in November 2010, a Sub-Committee of the Central Board of the Reserve Bank (Chairman: Shri Y. H. Malegam)… Read More
Steps to Reduce External Debt
December 02, 2011 India™s external debt stock stood at US$ 316.9 billion at end-June 2011. The increase in external debt to US$ 316.9 billion at end-June 2011 from US$ 306.5 billion at end-March 2011 was largely on account of rise in commercial borrowings and short-term trade credits. Out of the total external debt of US$… Read More
Mandatory Publication of Central Government and Public Sector Tender Enquiries on the Central Public Procurement Portal
In pursuance of the recommendations of the Committee on Public Procurement headed by Shri Vinod Dhall and the decisions thereon of the Group of Ministers constituted to consider measures to tackle corruption and ensure transparency, the Department of Expenditure, Ministry of Finance has on 30th November 2011, issued instructions for setting up a Central Public… Read More
Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR
RBI/2011-12 /289 A.P. (DIR Series) Circular No.53 To All Category - I Authorised Dealer Banks Madam / Sir, Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 39 dated November 01,… Read More
Payment of Cheques / Drafts / Pay Orders / Banker’s Cheques
RBI/ 2011-12/288 UBD. BPD. (PCB) No. 15 /12.05.001/2011-12 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/ Madam Payment of Cheques / Drafts / Pay Orders / Banker's Cheques In India, it has been the usual practice among bankers to make payment of only such cheques and drafts as are presented for payment… Read More
Introduction of New Category of NBFCs – ˜Non Banking Financial Company-Micro Finance Institutions™ (NBFC-MFIs) – Directions
RBI/2011-12/290 DNBS.CC.PD.No. 250/03.10.01/2011-12 To All NBFCs(excluding RNBCs) Dear Sir, Introduction of New Category of NBFCs - ˜Non Banking Financial Company-Micro Finance Institutions™ (NBFC-MFIs) - Directions As indicated in the Second Quarter Review of Monetary Policy in November 2010, a Sub-Committee of the Central Board of the Reserve Bank (Chairman: Shri Y. H. Malegam) was constituted to… Read More
Branch Authorization Policy Relaxation- opening of Tier 2 branches under general permission
RBI/2011-12/283 DBOD.No.BL.BC. 60/22.01.001/2011-12 All Scheduled Commercial Banks (excluding RRBs) Madam/Dear Sir, Branch Authorization Policy Relaxation- opening of Tier 2 branches under general permission Please refer to paragraphs 77 to 80 of the Second Quarter Review of Monetary Policy 2011-12 on the above subject (extract enclosed). To enhance the penetration of banking in rural and semi-urban… Read More
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