RBI Gov – “The Global Financial Crisis and the Indian Financial Sector “
The Global Financial Crisis and the Indian Financial Sector What Have We Learnt and How Have We Responded? (Address by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the 7th International Banking & Finance Conference 2013 organized by the Indian Merchants™ Chamber at Mumbai on June 5, 2013) Thank you very much for inviting… Read More
RBI Press Release – RBI™s Fraud Monitoring Cell to function from Bengaluru from July 1
The Reserve Bank of India™s Fraud Monitoring Cell attached to Department of Banking Supervision, Central Office has shifted from the present location at 2nd Floor, World Trade Centre-1, Cuffe Parade, Mumbai - 400005 to Bengaluru Regional Office of the Reserve Bank. The Central Fraud monitoring Cell will continue to be part of Department of Banking… Read More
Import of Gold by Nominated Banks /Agencies
RBI/2012-13/520 A.P. (DIR Series) Circular No.107 June 4, 2013 To All Scheduled Commercial Banks which are Authorised Dealers (ADs) in Foreign Exchange/ All agencies nominated for import of gold Madam/Sir Import of Gold by Nominated Banks /Agencies Attention of Authorised Persons is drawn to our A.P. (DIR Series) Circular No. 103 dated May 13, 2013 on the… Read More
RBI Clarification on Interest Rates on Rupee Export Credit
RBI/2012-13/519 UBD.BPD. (AD) Cir.No.4/13.05.000/2012-13 June 4 , 2013 The Chief Executive Officer Scheduled Primary (Urban) Co-operative Banks (holding AD Category I licence) Dear Sir/Madam Interest Rates on Rupee Export Credit -UCBs Please refer to our circular UBD.BPD.(AD).Cir.No.2/13.05.000/2012-13 dated January 22, 2013 on the captioned subject, extending the interest subvention of 2% up to March 31, 2014 on… Read More
Import of Gold by Nominated Banks /Agencies
RBI/2012-13/520 A.P. (DIR Series) Circular No.107 June 4, 2013 To All Scheduled Commercial Banks which are Authorised Dealers (ADs) in Foreign Exchange/ All agencies nominated for import of gold Madam/Sir Import of Gold by Nominated Banks /Agencies Attention of Authorised Persons is drawn to our A.P. (DIR Series) Circular No. 103 dated May 13, 2013 on the… Read More
Auction for Sale (REISSUE) of Government Stocks
The Government of India have announced the sale (re-issue) of (i)8.12 per cent Government Stock 2020 for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) 8.33 per cent Government Stock 2026 for a notified amount of Rs. 6,000 crore (nominal) through price based auction , (iii) 8.32 per cent Government Stock 2032 for a… Read More
Al-Qaida Sanctions List and Consolidated List Primary (Urban) Co-operative Banks
RBI/2012-2013/518 UBD.BPD (PCB) Cir. No. 52 /14.01.062/2012-13 May 31, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1267 (1999) /1989 (2011) Committee™s Al-Qaida Sanctions List and Consolidated List Primary (Urban) Co-operative Banks Please refer to our circular UBD. BPD.… Read More
RBI releases ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: September 2012’
The Reserve Bank of India today released 'Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks, September 2012™. The publication contains data on spatial distribution of aggregate deposits and gross bank credit of scheduled commercial banks including regional rural banks (RRBs) based on Basic Statistical Return (BSR)-7 as on September 28, 2012. The data… Read More
Clarifications to Queries on Guidelines for Licensing of New Banks in the Private Sector
Clarifications to Queries on Guidelines for Licensing of New Banks in the Private Sector In providing the clarifications, an attempt has been made to assist potential applicants in understanding the terms of the guidelines. The clarifications are specific to the queries and must be read in the overall context of the guidelines. Q.1. Is it compulsory for the… Read More
RBI releases clarifications to the queries on the Guidelines for Licensing of New Banks in the Private Sector
The Reserve Bank of India today released on its website, clarifications to queries on the Guidelines for Licensing of New Banks in the Private Sector. The Reserve Bank of India released the Guidelines for Licensing of New Banks in the Private Sector on its website on February 22, 2013. Following the issue of the guidelines, RBI… Read More
RBI Notification on NBFC-MFIs Directions Modifications in Pricing of Credit & Margin cap
RBI/2012-13/517 DNBS (PD) CC.No.327/03.10.038/2012-13 May 31, 2013 All NBFCs Dear Sir, ˜Non Banking Financial Company-Micro Finance Institutions™ (NBFC-MFIs) Directions Modifications in Pricing of Credit - Margin cap Attention is invited to para 6 of DNBS.(PD)CC.No.300/03.10.38/2011-12 dated August 3, 2012 modifying inter alia the pricing of credit as given in DNBS.CC.PD.No.250/03.10.01/2011-12 dated December 2, 2011. On a review, it… Read More
Acknowledgement by banks at the time of submission of Form 15-G / 15-H
RBI/2012-13/516 DBOD.No.Leg.BC.100/09.07.005/2012-13 May 31, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Acknowledgement by banks at the time of submission of Form 15-G / 15-H As you are aware banks are not required to deduct TDS from depositors who submit declaration in Form 15-G/15-H under Income Tax Rules, 1962. However, it has been brought… Read More
KYC/AML/CFT Guidelines – Unique Customer Identification Code for banks™ customers in India
RBI/2012-13/515 DBOD. AML.BC. No. 101/14.01.001/2012-13 May 31, 2013 The Chairmen / CEOs of all Scheduled Commercial Banks (Excluding RRBs)/Local Area Banks / All India Financial Institutions Dear Sir, Know Your Customer (KYC)/Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) Guidelines - Unique Customer Identification Code (UCIC) for banks™ customers in India Please refer to our… Read More
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