GUIDELINES FOR RELIEF MEASURES BY BANKS IN AREAS AFFECTED BY NATURAL CALAMITIES Periodical but frequent occurrences of natural calamities take a heavy toll of human life and cause wide spread damage to economic pursuits of human beings in one area or…
Category: RBI
Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account
Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account — Reporting and Accounting of March Transactions — Special Arrangements — Financial Year 2014–15 Please refer to…
Special Clearing operations on March 30 and 31, 2015
RBI/2014–15/517 DPSS.CO.CHD.No./1776/03.01.02/2014–2015 March 26, 2015 A reference is invited to the circular issued by our Department of Government and Bank Accounts (DGBA.GAD.No.4318/42.01.029/2014–15 dated March 25, 2015) on ‘Annual Closing of Government Accounts — Transactions of Central / State Governments — Special Measures…
Guidelines on Sale of Financial Assets to Securitisation Company / Reconstruction Company
RBI/2014–15/508 DBR.No.BP.BC.78/21.04.048/2014–15 March 20, 2015 Please refer to paragraph 6 of the circular DBOD.BP.BC.No.96/21.04.048/2002–03 dated April 23, 2003, wherein disclosure requirements relating to sale of non-performing assets (NPAs) to Securitisation Companies(SCs)/Reconstruction Companies(RCs) have been specified. Share on: whatsapp
T+2 settlements for outright secondary market transactions in Government Securities undertaken by Foreign Portfolio Investors and reported on NDS-OM
RBI/2014–15/507 FMRD.DIRD.06/14.03.007/2014–15 March 20, 2015 Please refer to paragraph 27 of the fourth bi-monthly Monetary Policy Statement 2014–15 wherein it was announced that in order to address operational issues faced by foreign portfolio investors (FPIs) and long term foreign investors, they will…
Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks
RBI/2014–15/497 DBR.No.BP.BC.76/21.04.158/2014–15 March 11, 2015 Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks Please refer to our circular DBOD.No.BP.40/21.04.158/2014–15 dated November 3, 2006 forwarding the final guidelines on managing risks as applicable in outsourcing of financial…
Guidelines on Sale of Financial Assets to Securitisation Company(SC)/Reconstruction Company (RC) and Related Issues
RBI/2014–15/496 DBR.No.BP.BC.75/21.04.048/2014–15 March 11, 2015 Please refer to paragraph 3.4 of circular DBOD.BP.BC.No.98/21.04.132/2013–14 dated February 26, 2014 and our subsequent mailbox clarification dated April 9, 2014 on the captioned subject, wherein we have stipulated that, for non-performing assets (NPAs) sold on or…
Citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China (including Macau & Hongcong), Iran, Nepal or Bhutan can’t acquire/transfer Immovable property in India without prior permission of RBI
RBI/2014–15/495 A.P.(DIR Series) Circular No.83 March 11, 2015 Acquisition/transfer of immovable property – Prohibition on citizens of certain countries Attention of Authorised Dealers in Foreign Exchange is invited to Regulation 7 of Foreign Exchange Management (Acquisition and Transfer of immovable property in…
Sukanya Samriddhi account opening application form & Passbook (Specimen Copy) & reporting by Bank
RBI/2014–15/494 IDMD(DGBA).CDD.No.4052/15.02.006/2014–15 March 11, 2015 Sukanya Samriddhi Account We forward herewith a copy of the Government of India Notification No. G.S.R.863(E) dated December 02, 2014 regarding the Sukanya Samriddhi Account for necessary action at your end. The Government of India, vide this…
Stamp Duty & Registration Cost would not be added to total value of the Property in cases of Bank Loan if Property value exceeds Rs.10 Lacs
RBI/2014–15/491 DBR.BP.BC.No.74/08.12.015/2014–15 March 5, 2015 A. Inclusion of stamp duty and other charges in LTV ratio Please refer to our circular DBOD.No.BP.BC.78/08.12.001/2011–12 dated February 3, 2012 on ‘Housing Loans by Commercial Banks — Loan to Value (LTV) Ratio’ whereby banks were advised that…