FEMA - Corporate Law Reporter

Master Circular on Customer Service in Banks

RBI/2013-14/69 DBOD No.Leg.BC. 22 /09.07.006/2013-14 July 1, 2013 Ashadha 10, 1935 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Master Circular on Customer Service in Banks Please refer to the Master Circular DBOD.No.Leg.BC. 21/09.07.006/2012-13 dated July 02, 2012 consolidating many of the important instructions issued by us in the area of customer service up to June 30,… Read More

Master Circular Exposure Norms

RBI/2013-14/68 DBOD.No.Dir.BC.13/13.03.00/2013-14 July 1, 2013 Ashadha 10, 1935 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Master Circular Exposure Norms Please refer to the Master Circular DBOD No. Dir. BC.3/13.03.00/2012-13 dated July 2, 2012 consolidating the instructions / guidelines issued to banks till June 30, 2012 relating to Exposure Norms. The Master Circular has been suitably… Read More

Master Circular – Guarantees and Co-acceptances

RBI/2013-14/66 DBOD. No.Dir.BC.12/13.03.00/2013-14 July 1, 2013 10 Ashadha 1935 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Master Circular - Guarantees and Co-acceptances Please refer to the Master Circular DBOD.No.Dir.BC.2/13.03.00/2012-13 dated July 2, 2012 consolidating the instructions / guidelines issued to banks till June 30, 2012, relating to Guarantees and Co-acceptances. The Master Circular has been… Read More

Master Circular – Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances

RBI/2013-14/62 DBOD.No.BP.BC.1/21.04.048/2013-14 July 1, 2013 All Commercial Banks (excluding RRBs) Dear Sir Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances Please refer to the Master Circular No. DBOD.No.BP.BC.9/21.04.048/2012-13 dated July 2, 2012 consolidating instructions / guidelines issued to banks till June 30, 2012 on matters relating to prudential norms on… Read More

Master Circular of instructions relating to deposits held in FCNR(B) Accounts

RBI/2013-14/74 DBOD.No.Dir.BC. 11 /13.03.00/2013-14 July 1 , 2013 Ashadha 10, 1935 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Master Circular of instructions relating to deposits held in FCNR(B) Accounts Please refer to the Master Circular DBOD No. Dir. BC.8/ 13.03.00/2012-13 dated July 2, 2012 consolidating the instructions/guidelines issued to banks till June 30, 2012… Read More

Master Circular – Interest Rates on Advances

RBI/2013-14/73 DBOD.No.Dir.BC. 15 /13.03.00/2013-14 July 1, 2013 Ashadha 10, 1935 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Master Circular - Interest Rates on Advances Please refer to the Master Circular DBOD.No.Dir.BC.5/13.03.00/2012-13 dated July 2, 2012 consolidating instructions / guidelines issued to banks till June 30, 2012 on matters relating to Interest Rates on… Read More

Master Circular Housing Finance

RBI/2013-14/67 DBOD. No.DIR.BC.17/08.12.001/2013-14 July 1, 2013 Ashadha 10, 1935, (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Master Circular Housing Finance Please refer to the Master Circular DBOD No. Dir. BC.7/08.12.001/2012-13 dated July 2, 2012 consolidating the instructions / guidelines issued to banks till June 30, 2012 relating to Housing Finance. The Master Circular has been suitably updated… Read More

Master Circular on Wilful Defaulters

RBI/2013-14/63 DBOD No. CID.BC. 3 /20.16.003/2013-14 July 1, 2013 i) All scheduled commercial banks (excluding RRBs and LABs) and ii) All India Notified Financial Institutions Dear Sir, Master Circular on Wilful Defaulters As you are aware, the Reserve Bank of India has, from time to time, issued a number of circulars to banks and financial… Read More

Master Circular Basel III Capital Regulations

RBI/2013-14/70 DBOD.No.BP.BC. 2/21.06.201/2013-14 July 1, 2013 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam / Sir, Master Circular Basel III Capital Regulations Please refer to the Master Circular No.DBOD.BP.BC.16/21.06.001/2012-13 dated July 2, 2012, consolidating therein the prudential guidelines issued to banks till that date on Capital Adequacy and Market Discipline -… Read More

Master Circular Facility for Exchange of Notes and Coins

RBI/2013-14/91 DCM (NE) No. G - 4/08.07.18/2013-14 July 01, 2013 The Chairman and Managing Director / The Chief Executive Officer All Banks Madam / Dear Sir Master Circular Facility for Exchange of Notes and Coins Please refer to the Master Circular DCM (NE) No. G - 1/08.07.18/2012-13 dated July 02, 2012 containing instructions on the facility for… Read More

Government Approves Eight (8) Proposals of Foreign Direct Investment

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on June 14, 2013, the Government of India has approved eight (8) Proposals of Foreign Direct Investment amounting to Rs. 1311.54 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 14.06.2013 are as follows: Following 8 (Eight) proposals have been approved: Sl. No. Name of theapplicant Particulars of the proposal FDI/NRIinflows (Rs. incrore) 1 M/s EuronetServices India Pvt. Ltd. Company having FDI to set up White Label ATMs. Nil… Read More

Raising Money through Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification

RBI/2013-14/115 DNBS(PD) CC No.349/03.10.001/2013-14 July 02, 2013 All NBFCs (including PDs) Dear Sirs Raising Money through Private Placement by NBFCs-Non-Convertible Debentures (NCDs) -Clarification Please refer to our circular DNBS (PD) CC No.330/03.10.001/2012-13 dated June 27, 2013. 2. We have received a number of queries in the matter from the industry. The main refrain of the sector… Read More

Capital Requirements for Banks™ Exposures to Central Counterparties

RBI/2013-14/113 DBOD.No.BP.BC.28 /21.06.201/2013-14 July 2, 2013 The Chairman and Managing Director/ Chief Executives Officer of All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam / Dear Sir, Capital Requirements for Banks™ Exposures to Central Counterparties Please refer to the paragraph 77 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013.… Read More