RBI/2014–15/604 DCM (CC) No. 4846/03.41.01/2014–15 May 21, 2015 Please refer to our Master Circular DCM (CC) No.G‑5/03.39.01/2014–15 dated July 1, 2014 on the captioned subject. 2. As you are aware, the scheme of Incentives & Penalties was introduced in 2008 and has…
Category: RBI
Valuation method of Gold declared by RBI for Lending against Gold
RBI/2014–15/605 DNBR.CC.PD.No.036/03.10.01/2014–15 May 21, 2015 Lending against security of single product — Gold Jewellery Please refer to the circulars DNBS.CC.PD.No.356/03.10.01/2013–14 dated September 16, 2013 and DNBS.CC.PD.No.365/03.10.01/2013–14 dated January 08, 2014 on the captioned subject. Share on: whatsapp
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Spread over of shortfall
RBI/2014–15/606 DBR.No.BP.BC.94/21.04.048/2014–15 May 21, 2015 Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Spread over of shortfall Share on: whatsapp
Modalities for implementation of Atal Pension Yojana (APY)
RBI/2014–15/609 DCBR.BPD (PCB ) Cir. No. 9/12.05.001/2014–15 May 21, 2015 Government of India, Ministry of Finance has announced the launch of Atal Pension Yojana (APY) on May 9, 2015. The scheme, is an universal social security measure specially for the poor and…
Banks to implementation of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) from 01.06.2015
RBI/2014–15/585 DCBR.BPD (PCB ) Cir.No.8/12.05.001/2014–15 May 5, 2015 Modalities for implementation of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) Government of India, Ministry of Finance intends to roll out Pradhan Mantri Jeevan Jyoti Bima Yojana…
Formalities for Opening of branches/extension counters by State Co-operative Banks
RBI/2014–15/586 DCBR.CO.RCB.No.BC.34/19.51.008/2014–15 May 07, 2015 Please refer to our circular RPCD.CO.RF.BC.No.14/07.06.00/2009–10 dated August 4, 2009 on “Opening of new place of business by State Cooperative Banks”. The policy for opening of branches/extension counters/specialized branches within the area of operation of the State…
Banks needs to issue acknowledgement Mandatoryly to pensioners on submission of life certificates: RBI
RBI/2014–15/587 DGBA.GAD No.H- 5013/45.01.001/2014–15 May 07, 2015 In terms of extant instructions, all pensioners are required to furnish a life certificate to the pension disbursing bank every year in November for continuance of pension. This certificate can be submitted at any branch…
From September 01, 2015 all new debit and credit cards issued by banks shall be EMV chip and Pin based cards.
RBI/2014–15/589 DPSS (CO) PD No.2112/02.14.003/2014–15 May 07, 2015 Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions A reference is invited to our circulars DPSS.PD.CO.No.513 / 02.14.003 / 2011–2012 dated September 22, 2011 and DPSS (CO) PD No.2377 /…
Framework for dealing with loan frauds by RBI for Banks
RBI/2014–15/590 DBS.CO.CFMC.BC.No.007/23.04.001/2014–15 May 7, 2015 The rising trend in loan related frauds in the financial sector is a matter of serious concern. Equally disquieting is the delay in detection and reporting of such frauds by banks. The issues relating to prevention, early…
Guidelines on Off-site/Mobile Automated Teller Machines (ATMs) by State Co-operative Banks
RBI/2014–2015/556 DCBR.CO.RCB.No.BC.29/19.51.008/2014–15 April 16, 2015 Section 23 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) — Guidelines on Off-site/Mobile Automated Teller Machines (ATMs) Share on: whatsapp