Category Archives: other Acts

RBI/2016-17/45 DBR.No.BP.BC.7/21.04.157/2016-17 August 25, 2016 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Prudential Norms for Off-balance Sheet Exposures of Banks – Restructuring of derivative contracts Please refer to circular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008 on the captioned subject. Para 2.2 of the circular requires that in cases where… Read More »

RBI/2016-17/43 DBR.BP.BC.No.5/21.04.142/2016-17 August 25, 2016 All Scheduled Commercial Banks (excluding RRBs) Partial Credit Enhancement (PCE) to Corporate Bonds Please refer to the circular DBR.BP.BC.No.40/21.04.142/2015-16 dated September 24, 2015 on the captioned subject. 2. In terms of para II.6 of the above-mentioned circular, the aggregate exposure limit of all banks towards the PCE for a given… Read More »

Repo/Reverse repo in Corporate Debt Securities RBI/2016-17/48 FMRD.DIRD.5/14.01.009/2016-17 August 25, 2016 To All Market Participants Dear Sir/Madam, Repo / Reverse repo in Corporate Debt Securities A reference is invited to our circular FMRD.DIRD.04/14.03.002/2014-15 dated February 3, 2015 enclosing the Repo in Corporate Debt Securities (Reserve Bank) Directions, 2015. 2. It has now been decided to… Read More »

Market Repo Transactions in Government Securities Market RBI/2016-17/49 FMRD.DIRD.6/14.03.002/2016-17 August 25, 2016 All Market Participants Dear Sir/Madam, Market Repo Transactions in Government Securities Market Please refer to paragraph 34 of the fourth Bi-monthly Monetary Policy Statement 2015-16 dated September 29, 2015 wherein it was stated that the Reserve Bank will review restrictions placed on repo… Read More »

RBI/2016-17/53 IDMD.CDD.No.462/14.04.050/2016-17 August 29, 2016 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds 2016-17 – Series II Government of India has, vide its Notification F.No. 4(7)-W&M/2016 dated… Read More »

Sovereign Gold Bonds 2016-17 Series II – Operational Guidelines RBI/2016-17/54 IDMD.CDD.No.463/14.04.050/2016-17 August 29, 2016 The Chairman & Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.( SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bonds 2016-17 Series II –… Read More »

Date : Aug 30, 2016 Fifth Tranche of Sovereign Gold Bonds to open on September 01, 2016 The Reserve Bank of India, in consultation with the Government of India, has decided to issue fifth tranche of Sovereign Gold Bonds. Applications for the bond will be accepted from September 01, 2016 to September 09, 2016. The… Read More »

Date : Aug 30, 2016 In terms of GoI notification F.No. 4(7)-W&M/2016 and RBI circular IDMD.CDD. No.462/14.04.050/2016-17 dated August 29, 2016, the Sovereign Gold Bond Scheme will be open for subscription for the period from September 01 to 09, 2016. The issue price of the Sovereign Gold Bond for this tranche has been fixed at… Read More »

RBI/2016-17/50 DBR.BP.BC.No.8/21.01.003/2016-17 August 25, 2016 All Scheduled Commercial Banks (excluding RRBs) Guidelines on Enhancing Credit Supply for Large Borrowers through Market Mechanism Please refer to the Discussion Paper on the captioned subject issued on May 12, 2016 for comments of the stakeholders. The Discussion Paper proposed a framework for addressing the concentration risk of the… Read More »

RBI/2016-17/46 DBS.CO.PPD.05/11.01.005/2016-17 August 25, 2016 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Risk- based Internal Audit Please refer to our circular DBS.CO.PP.BC.10/11.01.005/2002-03 dated December 27, 2002 on Risk-based Internal Audit setting out the scope and coverage of Risk-based Internal Audit (RBIA) system in commercial banks. In this connection some banks have represented to… Read More »