Legal Updates - Corporate Law Reporter

RBI Master Circular on Branch Licensing – Regional Rural Banks (RRBs)

RBI/2011-12/80 RPCD.CO.RRB.No.BL.BC. 07/03.05.90-A/2011-12 July 1, 2011 The Chairman, All Regional Rural Banks Dear Sir, Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch Licensing - Regional Rural Banks (RRBs) Reserve Bank of India has been issuing instructions to RRBs regarding opening/shifting/merger of branches/extension counters/offices, etc. from time to time. With a… Read More

Master Circular- Priority Sector Lending – Credit Facilities to Minority Communities

RBI/2011-12/87 RPCD. GSSD. BC. No.1/09.10.01/2011 - 12 July 1, 2011 The Chairman/ Managing Director All Indian Scheduled Commercial Banks Dear Sir, Master Circular- Priority Sector Lending - Credit Facilities to Minority Communities Reserve Bank of India has, periodically, issued instructions/directives to banks with regard to providing credit facilities to Minority Communities. To enable banks… Read More

NBFCs (Non-Deposit Accepting or Holding) Prudential Norms (Reserve Bank) Directions, 2007

RBI 2011-12/19; DNBS (PD) CC No.225/ 03.02.001 / 2011-12 ; July 1, 2011 The Chairman / CEOs of all Non-Banking Financial (Non - Deposit Accepting or Holding) Companies Notification as amended upto June 30, 2011 Non-Banking Financial (Non - Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 As you are aware, in… Read More

RBI Master Circular on Exposure Norms for Financial Institutions

DBOD.FID.FIC.No.4 /01.02.00/2011-12 01 July, 2011 10 Aashadha 1933 (Saka) The CEOs of the all-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Master Circular - Exposure Norms for Financial Institutions Please refer to the Master Circular DBOD.No.FID.FIC.4 /01.02.00/2010-11 dated July 01,2010 on the captioned subject. The enclosed Master Circular consolidates and updates all… Read More

RBI Master Circular on Corporate Governance

RBI/2011-12/28; DNBS (PD) CC No.234/03.10.001/2011-12; July 1, 2011 All Non-Banking Financial Companies (NBFCs) Master Circular Corporate Governance In order to have all current instructions in one place, the Reserve Bank of India has consolidated all the instructions issued on the topic as at end of June 30, 2011. It may be noted that the Master… Read More

RBI Master Circular on Fair Practices Code

RBI/2011-12/26; DNBS (PD) CC No. 232/03.10.042/2011-12; July 1, 2011 All Non-Banking Financial Companies (NBFCs); and Residuary Non-Banking Companies (RNBCs) Master Circular - Fair Practices Code In order to have all current instructions in one place, the Reserve Bank of India has consolidated all the instructions issued on the topic as at end of June 30,… Read More

RBI Master Circular on Credit Card Operations of banks

RBI/ 2011-12/63 DBOD.No.FSD.BC.14/24.01.011/2011-12 July 1, 2011 Ashadha 10, 1933 (Saka) All Scheduled Commercial Banks /NBFCs (excluding RRBs) Dear Sir Master Circular on Credit Card Operations of banks Please refer to the Master Circular No. DBOD.FSD.BC.16/24.01.011/2010-11 dated July 1, 2010 on credit card operations of banks consolidating the instructions/guidelines issued to banks till June 30, 2010. The Master… Read More

RBI Master Circular on Disclosure in Financial Statements of Banks – Notes to Accounts

RBI/2011-12/55 DBOD.BP.BC No. 16 /21.04.018/2011-12 July 1, 2011 The Chairmen/Chief Executives of All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Master Circular - Disclosure in Financial Statements - Notes to Accounts Please refer to the Master Circular DBOD.BP.BC.No.3/21.04.018/2010-11 dated July 1, 2010 consolidating all operative instructions issued to banks till June 30, 2010 on matters relating… Read More

Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977

RBI/2011-12/24; DNBS (PD) CC No. 230/ 03. 02.001/2011-12; July 1, 2011 The Chairman/CEOs of all Miscellaneous Non-Banking Companies Notification as amended upto June 30, 2011 Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977 As you are aware, in order to have all current instructions on the subject at one place, the Reserve Bank of India issues… Read More

Extension of DvP III facility to Gilt Account Holders for Transactions in Government Securities

RBI/2011-12/108 IDMD.PCD.06/14.03.07/2011-12 July 06, 2011 All market participants Dear Sir/Madam, Transactions in Government Securities Extension of DvP III facility to Gilt Account Holders The settlement of trades in Government securities through CCIL was shifted from DvP II to DvP III with effect from April 02, 2004 videcircular IDMD.PDRD.05/10.02.01/2003-04 dated March 29, 2004. It was however… Read More

RBI Master Circular on Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs

RBI/2011-12/48 UBD.BPD.(PCB) MC No. 3/09.14.000/2011-12 July 1, 2011 The Chief Executive Officers All Primary (Urban) Co-operative Banks Madam / Dear Sir, Master Circular- Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs Please refer to our Master Circular UBD. PCB. MC. No. 3 / 09.14.000 / 2010-11 dated July 1, 2010 on the captioned… Read More

RBI Master Circular on Exposure Norms

RBI/2011-12/58 DBOD. No.Dir.BC.7/13.03.00/ 2011-12 July 1, 2011 Ashadha 10, 1933 (Saka) All Scheduled Commercial Banks (excluding RRBs) Dear Sir / Madam Master Circular Exposure Norms Please refer to the Master Circular DBOD No. Dir. BC. 14/13.03.00/2010-11 dated July 1, 2010 consolidating the instructions / guidelines issued to banks till that date relating to Exposure Norms. The Master… Read More

RBI Master Circular on Priority Sector Lending – Special Programmes – SJSRY

RBI/2011-12/84 RPCD GSS Div. BC No.04/09.16.01/2011-12 July 1, 2011 The Chairman / Managing Director All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Master Circular Priority Sector Lending- Special Programmes Swarna Jayanti Shahari Rozgar Yojana (SJSRY) Reserve Bank of India has periodically issued instructions/directives to banks with regard to operationalisation of the Swarna Jayanti Shahari Rozgar… Read More