RBI/2016-17/198 DBR.No.BP.BC.49/21.04.048/2016-17 December 28, 2016 All Regulated Entities Madam / Dear Sir, Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances Please refer to circular DBR.No.BP.BC.37/21.04.048/2016-17 dated November 21, 2016. 2. On a review, it has been decided to: (i) Provide 30 days, in addition to the 60 days provided vide the… Read More »
Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India RBI/2016-17/197 A.P. (DIR Series) Circular No.23 December 27, 2016 To All Category – I Authorised Dealer Banks Madam/ Sir, Purchase and sale of securities other than shares or convertible debentures of an Indian company… Read More »
Master Circular on Issuance and Operations of Prepaid Payment Instruments – Amendments to paragraph 7.9 RBI/2016-17/196 DPSS.CO.PD.No.1610/02.14.006/2016-17 December 27, 2016 All Prepaid Payment Instrument Issuers, System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Dear Madam / Sir, Master Circular on Issuance and Operations of Prepaid Payment Instruments – Amendments to paragraph… Read More »
Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of Rs 500/- and Rs 1000/- (Updated as on December 27, 2016) 1. Why is this scheme introduced? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even… Read More »
Draft Bank Branch Auditors’ Panel for year 2016-17 Dear Colleagues, Please find placed below Draft Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2016-17 . To view your category and remarks thereof, if any, please click on the relevant interval:. MEF00001-05000 MEF05001-10000 MEF10001-15000 MEF15001-20000 MEF20001-25000 MEF25001-30000 MEF30001-35000 MEF35001-40000 MEF40001-45000 MEF45001-50000 MEF50001-55000 MEF55001-60000 MEF60001… Read More »
Exposure draft of The Conceptual Framework for General Purpose Financial Reporting by Local Bodies along with consequential amendments in ASLB 17, ‘Property, Plant and Equipment’ – (26-12-2016) The Committee on Accounting Standards for Local Bodies (CASLB) was constituted as a separate Committee in March, 2005, with the main objective of formulating Accounting Standards for Local… Read More »
Interest Subvention Scheme for Short Term Crop Loans during the year 2016-17- Grant of grace period of 60 days beyond due date RBI/2016-17/194 FIDD.No.FSD.BC. 19/05.04.02/2016-17 December 26, 2016 To, The Chairman / Managing Director All Public & Private Sector Scheduled Commercial Banks Dear Sir/Madam Interest Subvention Scheme for Short Term Crop Loans during the year… Read More »
Date : Dec 23, 2016 Considering the significant increase in banking network during the recent past and the vast jurisdiction being covered by the current Office of the Banking Ombudsman, Kanpur, the Reserve Bank of India has set up an Office of the Banking Ombudsman at Reserve Bank of India, Dehradun. The Office of the… Read More »
Date : Dec 23, 2016 Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, Patna, the Reserve Bank of India has set up an Office of the Banking Ombudsman for the State of Jharkhand at Reserve Bank of India,… Read More »
RBI/2016-17/193 IDMD No.1569/14.04.050/2016-17 December 23, 2016 All Scheduled Commercial Banks (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd. (SHCIL) BSE & NSE Madam/Sir, Procedural Guidelines for Servicing the Sovereign Gold Bonds The Sovereign Gold Bond Scheme was launched by Government of India (GOI) on October 30, 2015. The Sovereign Gold Bonds (henceforth… Read More »