Anti-Money Laundering (AML) / Combating of Financial Terrorism (CFT) – Standards
RBI/2011-12/134 RPCD.CO.RRB.AML.No. 1203 /03.05.28 (A)/2011-12 July 29, 2011 The Chairmen All Regional Rural Banks (RRBs) Dear Sir, Anti-Money Laundering (AML) / Combating of Financial Terrorism (CFT) - Standards Please refer to our circular RPCD.CO.RRB.AML.No.11332 /03.05.28 (A)/2010-11 dated April 01, 2011 forwarding the Financial Action Task Force (FATF) Statement identifying a list of jurisdictions which have strategic AML/CFT… Read More
RBI Notification on 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) (a) 8.07 percent Government Stock 2017 for a notified amount of Rs.4,000 crore (nominal) through a price based… Read More
Misuse of Banking Channels – Issue and Payment of Demand Drafts for Rs. 50,000/- and above
RBI/2011-12/135 DBOD.BP.BC. No. 26 / 21.01.001/2011-12 To, The Chairmen / Chief Executives of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Misuse of Banking Channels - Issue and Payment of Demand Drafts for Rs. 50,000/- and above Please refer to our circular DBOD.BP.BC.No.114/C.469(81) - 91 dated April 19, 1991 in terms of which demand drafts,… Read More
RBI Press release on Macroeconomic and Monetary Developments : First Quarter Review 2011-12
The Reserve Bank of India today released the Macroeconomic and Monetary Developments First Quarter Review 2011-12. The document serves as a background to the Monetary Policy Statement 2011-12 to be announced on July 26, 2011. The major highlights of the document are set out below. Overall Outlook Taming inflation warrants continuation of anti-inflationary monetary stance Inflation… Read More
Dishonour / Return of Cheques – Banks need to Sign / Initial the Cheque Return Memo
RBI/2011-12/121 DPSS.CO.CHD.No. 120 / 03.06.01 / 2011-12 July 25, 2011 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, Dishonour / Return of Cheques - Need to Sign / Initial… Read More
RBI: Quarterly Report of Financial Inclusion Indicators discontinued
RBI/2011-12/122 RPCD.FID.BC.No.13/12.01.011/2011-12 July 22, 2011 The Chairman/Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Financial Inclusion Indicators: Quarterly Reporting-Discontinuance of Please refer to our Circular RPCD. MFFI. No 11324/12.01.011/2007-08 dated April 24, 2008 in terms of which you were advised to submit quarterly statements pertaining to certain financial inclusion… Read More
RBI permits hedging for import and export in Indian Rupees by non-resident entities
RBI/2011-12/115 A.P. (DIR Series) Circular No. 3 July 21, 2011 To, All Authorised Dealer Category - I Banks Madam / Sir, Facilitating Rupee Trade hedging facilities for non-resident entities Attention of Authorized Dealers Category I (AD Category I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3,… Read More
RBI – Auction for Sale (Re-issue) of ˜8.07 per cent Government Stock, 2017™
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated July 18, 2011 NOTIFICATION Auction for Sale (Re-issue) of ˜8.07 per cent Government Stock, 2017™ F. No.4 (4)-W&M/2011: Government of India hereby notifies sale (reissue) of ˜8.07 per cent Government Stock, 2017™ (hereinafter called 'the Stock') for an aggregate amount… Read More
RBI Notification on Auction of Government of India Dated Securities
Ref.No.IDMD / 237 /08.02.033/2011-12 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) 8.07 percent Government Stock 2017 for a notified amount of Rs.4,000 crore… Read More
RBI announces Auction of 56-day Cash Management Bills
Press Release : 2011-2012/91 The Reserve Bank of India has today announced the auction of 56-day Government of India Cash Management Bills for a notified amount of Rs. 8,000 crore. The auction will be conducted on July 18, 2011 using "Multiple Price Auction" method. The Cash Management Bills will be repaid at par on September… Read More
Branch Authorization Policy – Opening of branches in unbanked rural centres
RBI/2011-12/113 DBOD.No.BL.BC. 24/22.01.001/2011-12 July 15, 2011 All Scheduled Commercial Banks (excluding RRBs) Madam/Dear Sir, Branch Authorization Policy - Opening of branches in unbanked rural centres Please refer to paragraphs 97& 98 of the Monetary Policy Statement 2011-12 on the above subject (extract enclosed). As stated therein, there is a need to step up the opening… Read More
RBI Notification On Regularization of Liaison / Branch Offices of foreign entities established during the pre-FEMA period
RBI/2011-12/112 A.P. (DIR Series) Circular No. 02 July 15, 2011 To All Authorised Dealer Category - I banks Madam / Sir, Regularization of Liaison / Branch Offices of foreign entities established during the pre-FEMA period Attention of Authorised Dealer Category I (AD Category-I) banks is invited to Notification No. FEMA 22/2000-RB dated May 3, 2000 viz. Foreign… Read More
RBI Master Circular on Self Help Groups (SHG)-Bank Linkage Programme
RBI/2011-12/82 RPCD. FID. BC.No.06/12.01.001/2011-12 July 1, 2011 The Chairman/ Managing Director/ Chief Executive Officer All Scheduled Commercial Banks Dear Sir, Master Circular on SHG-Bank Linkage Programme The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on SHG-Bank Linkage Programme. In order to enable the banks to have… Read More
Subscribe to the Daily Journal
Corporate Law Referencer
India’s Leading Compliance Software
