Authorisation Guidelines for Primary Dealers (PDs)
RBI/2011-12/162 IDMD.PCD. 9 /14.03.05/2011-12 All Market Participants Dear Sir, Authorisation Guidelines for Primary Dealers (PDs) With a view to putting in place equitable and transparent regulatory guidelines for authorisation of PDs and to ensure that the new PDs are adequately equipped to participate meaningfully in all auctions of Government securities (G-Sec), including an underwriting commitment… Read More
Auction of Government of India Dated Securities
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) of (a) 7.99 percent Government Stock 2017 for a notified amount of Rs.3,000 crore (nominal) through a price… Read More
Auction for Sale (Re-issue) of ˜7.83 per cent Government Stock, 2018™
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
Auction of Government of India Dated Securities
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
Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Standards
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
No Demand Drafts for Rs. 50,000/- and above through cash
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
RBI and 926 branches of Banks to accept Advance Income Tax
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
Rajkot Commercial Co-operative Bank Ltd., Rajkot Penalised
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
Meeting of the Technical Advisory Committee on Monetary Policy
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
Underwriting Auctions for Government Securities
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
Inter Regulatory coordination to be improved : FDSC
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
Becharaji Nagarik Sahakari Bank penalised for violation of KYC norms
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
Discretion to customers for selection between RTGS and NEFT
RBI/2011-12/152; August 12, 2011 The Chairman and Managing Director / Chief Executive Officer of member banks participating in RTGS / NEFT As you are aware, RTGS and NEFT are two important pan-India payment systems introduced by Reserve Bank of India keeping in mind the requirements of various customers in the wholesale and retail payment systems segment.… Read More
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