Union Budget – 2013-14 Interest Subvention Scheme
RBI/2013-14/398 RPCD.No.FSD.BC.71/05.04.02/2013-14 December 4, 2013 To, The Chairman / Managing Director All Public & Private Sector Scheduled Commercial Banks Dear Sir Union Budget - 2013-14 Interest Subvention Scheme As directed by the Government of India and in pursuance of the budget announcement made by the Finance Minister relating to the Interest Subvention Scheme 2013-14, Interest subvention… Read More
External Commercial Borrowings (ECB) by Holding Companies / Core Investment Companies for the project use in Special Purpose Vehicles (SPVs)
RBI/2013-14/397 A.P. (DIR Series) Circular No. 78 December 3, 2013 To All Authorised Dealer Category I Banks Madam / Sir External Commercial Borrowings (ECB) by Holding Companies / Core Investment Companies for the project use in Special Purpose Vehicles (SPVs) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to the A.P. (DIR Series) Circular… Read More
RBI seeks Comments on Draft Framework for dealing with Domestic Systemically Important Banks (D-SIBs)
The Reserve Bank of India today released on its website, the draft framework for dealing with Domestic Systemically Important Banks (D-SIBs). The Reserve Bank has sought views/comments on the document from banks, other institutions and the public at large. Suggestions and comments on the draft framework may be sent to the Principal Chief General Manager, Reserve Bank… Read More
Investment in Credit Information Companies
DBOD.CID.BC.No.74/20.16.042/2013-14 November 29, 2013 All Credit Information Companies Investment in Credit Information Companies In exercise of the powers conferred by sub-section (1) of Section 11 of Credit Information Companies (Regulation) Act, 2005, and in supersession of its direction on Investment in Credit Information Companies dated November 20, 2008, Reserve Bank of India, being satisfied that… Read More
Charges Levied by Banks for Sending SMS Alerts
RBI/2013-14/381 DBOD. No. Dir. BC. 67/13.10.00/2013-14 November 26, 2013 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam Charges Levied by Banks for Sending SMS Alerts Please refer to paragraph 37 of the Second Quarter Review of Monetary Policy Statement 2013-14 announced on October 29, 2013 (extract enclosed) on ˜Customer Service- Charges Levied by Banks… Read More
Priority Sector Lending Classification
RBI/2013-14/379 RPCD.CO.Plan. BC 59/04.09.01/2013-14 November 25, 2013 The Chairman/ Managing Director/ Chief Executive Officer [All scheduled commercial banks (excluding Regional Rural Banks)] Dear Sir, Priority Sector Lending Classification Please refer to the press release dated November 18, 2013 on the above subject. 2. In view of the reasons explained therein, it is decided to include incremental bank loans… Read More
Security and Risk Mitigation Measures for Card Present Transactions
RBI/2013 -14/380 DPSS (CO) PD No.1164/ 02.14.003/2013-14 November 26, 2013 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/ Authorised Card Payment Networks Madam / Dear Sir, Security and Risk Mitigation Measures for Card Present Transactions… Read More
RBI extends Liquidity Support to Micro, Small and Medium Enterprises
Refinance to SIDBI to ease Liquidity Stress to MSE Sector In view of the need to ease the liquidity stress to Micro and Small Enterprises (MSE) sector which is employment intensive and contributes significantly to exports, it has been decided to provide refinance of an amount of `5,000 crore to the Small Industries Development Bank of… Read More
Financing of Infrastructure – Definition of ‘Infrastructure Lending’
RBI/2013-14/378 DBOD.BP.BC.No.66/08.12.014/2013-14 November 25, 2013 All Scheduled Commercial Banks (excluding RRBs) and All India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) Dear Sir, Financing of Infrastructure - Definition of 'Infrastructure Lending' Please refer to our circular DBOD.BP.BC.No.58/08.12.014/2012-13 dated November 20, 2012 on ˜Definition of Infrastructure Lending™ harmonising the RBI definition of Infrastructure Lending with… Read More
Trade Credit for imports into India- Online submission of data on issuance of Guarantee/Letter of Undertaking (LoU)/Letter of Comfort (LoC) by ADs
RBI/2013-14/374 A.P. (DIR Series) Circular No. 75 November 19, 2013 To All Category - I Authorised Dealer Banks Madam / Sir Trade Credit for imports into India- Online submission of data on issuance of Guarantee/Letter of Undertaking (LoU) /Letter of Comfort (LoC) by ADs Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P.… Read More
RBI extends Liquidity Support to Micro, Small and Medium Enterprises
Refinance to SIDBI to ease Liquidity Stress to MSE Sector In view of the need to ease the liquidity stress to Micro and Small Enterprises (MSE) sector which is employment intensive and contributes significantly to exports, it has been decided to provide refinance of an amount of `5,000 crore to the Small Industrial Development Bank of… Read More
White Label ATMs (WLAs) in India Clarification on Cash Handling
RBI/2013-14/372 DPSS.CO.PD. No. 1088/02.10.003/2013-14 November 14, 2013 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Authorised ATM Network Operators /Card Payment Network Operators Authorised White Label ATM Operators Madam / Dear Sir, White Label ATMs… Read More
The Five Pillars of RBI™s Financial Sector Policies – Raghuram Rajan
Good evening. I thank the organisers for inviting me. These are challenging times for the Indian economy, but I have dwelt on those near-term challenges elsewhere. Let me turn instead to the opportunities we have to make India a far better place than it is today, focussing in particular on finance. Much of the world… Read More
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