Scribbling on Banknotes RESERVE BANK OF INDIA ND.ID.(Res.). No. 4530/04.00.001/2016-17 April 25, 2017 The Controlling Head All Banks under the jurisdiction of New Delhi Issue Circle Madam / Dear Sir, Scribbling on Banknotes Of late, we have been receiving complaints from members of general public that majority of the bank branches are not accepting banknotes, specifically in… Read More »
Sovereign Gold Bond – Dematerialisation Date : Apr 28, 2017 The Reserve Bank of India, in consultation with the Government of India, has issued seven tranches of Sovereign Gold Bonds for a total value of ₹ 4800 crore till date. Investors in these bonds have been provided with the option of holding them in physical… Read More »
RBI/2016-17/295 DNBR. PD (ARC) CC. No. 03/26.03.001/2016-17 April 28, 2017 The Chairman / Managing Director / Chief Executive Officer All registered Asset Reconstruction Companies. Dear Sir, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002- Section 3 (1) (b) – Requirement of Net Owned Fund (NOF) for Asset Reconstruction Companies. A… Read More »
RBI/2016-17/296 DCBR.RAD (PCB/RCB) Cir.No.4/7.12.001/2016-17 April 28, 2017 The Chief Executive Officers All Primary (Urban) Co-operative Banks / All State Co-operative Banks (StCBs) / All District Central Co-operative Banks Dear Sir/Madam, Guidelines on Merchant Acquisition for Card Transactions Co-operative banks have been permitted to install both onsite/offsite ATM networks and can issue debit cards on their… Read More »
RBI/2016-17/294 DBR.BP.BC.No.65/21.04.103/2016-17 April 27, 2017 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) And Small Finance Banks Madam/Dear Sir, Risk Management Systems – Role of the Chief Risk Officer (CRO) Please refer to the guidelines on Risk Management Systems issued vide our circular DBOD.No.BP.(SC).BC.98/21.04.103/99… Read More »
Notifications Feb 13, 2017 Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit Feb 08, 2017 Removal of limits on withdrawal of cash from Saving Bank Accounts Jan 30, 2017 Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo ante Jan 16, 2017 Enhancement of… Read More »
Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of Rs 500 and ₹ 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016 (Updated as on April 20, 2017) 1. Why was the Scheme of Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of… Read More »
Sovereign Gold Bond Scheme 2017 -18 – Series I – Issue Price Date : Apr 21, 2017 In terms of GoI notification F. No. 4(8) – W&M/2017 and RBI circular IDMD.CDD.No.2760/14.04.050/2016-17 dated April 20, 2017, the Sovereign Gold Bond Scheme 2017-18 – Series I will be opened for subscription for the period from April 24,… Read More »
RBI/2016-17/290 IDMD.CDD.No.2759/14.04.050/2016-17 April 20, 2017 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, 2017-18 – Series I – Operational Guidelines This has reference to the GoI notification… Read More »
RBI/2016-17/289 IDMD.CDD.No.2760/14.04.050/2016-17 April 20, 2017 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 2017-18 – Series I Government of India has vide its Notification F.No. 4(8)-(W&M)/2017… Read More »