Category Archives: RBI

Infrastructure Lending -Definition – Banks to follow Govt Gazette Notifications -RBI

By | December 1, 2016
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RBI/2016-17/168 DBR.BP.BC.No.42/08.12.014/2016-17 December 1, 2016 All Scheduled Commercial Banks (Excluding RRBs) All India Term-Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Madam/Dear Sir, Financing of Infrastructure – ‘Definition of ‘ Infrastructure Lending ‘ Please refer to our circular DBOD.BP.BC.No.66/08.12.014/2013-14 November 25, 2013 on ‘Definition of Infrastructure Lending’ harmonising the RBI definition of Infrastructure… Read More »

Large Exposure Framework-RBI final guidelines

By | December 1, 2016
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RBI/2016-17/167 DBR.No.BP.BC.43/21.01.003/2016-17 December 01, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam/Dear Sir, Large Exposure Framework Please refer to the paragraph 3 of the Statement on Developmental and Regulatory Policies issued by RBI on October 4, 2016 (extract enclosed). It was indicated therein that RBI will issue final guidelines on Large Exposure Framework… Read More »

Banks to abide by only instructions which are either uploaded on RBI website , Not to follow Social media

By | December 1, 2016
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Information from Unauthenticated Sources – Advisory to banks RBI/2016-17/166 DCM (Plg) No.1500/10.27.00/2016-17 December 01, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Information from Unauthenticated Sources – Advisory to banks In the wake… Read More »

Cash Withdrawal from Bank- RBI updated FAQ

By | November 30, 2016
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Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 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 »

Chest Balance Limit / Cash Holding Limit -SBNs deposited not to be considered -RBI

By | November 30, 2016
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RBI/2016-17/164 DCM (Plg) No. 1459/10.27.00/2016-17 November 29, 2016 The Chairman / Managing Director/ Chief Executive Officer, (All banks maintaining currency chests) Dear Sir, Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit Please refer to our circular. DCM (CC) No. 2598/03.02.05/2009-10 dated October 27, 2009, which inter alia stated that… Read More »

RBI releases ‘Quarterly Statistics on Deposits & Credit of Scheduled Commercial Banks:

By | November 29, 2016
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RBI releases ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: September 2016’ Date : Nov 29, 2016 The Reserve Bank of India released today Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs) as on September 30, 2016. The data for this quarterly survey has been collected from all SCBs including… Read More »

Category: RBI

banks operating currency chests allowed to operate Chest Guarantee Scheme for Specified Bank Notes

By | November 29, 2016
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Chest Guarantee Scheme for Specified Bank Notes (SBNs) – CGSS RBI/2016-17/162 DCM (Plg) No.1438/10.27.00/2016-17 November 28, 2016 The Chairman / Managing Director/ Chief Executive Officer, Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural Banks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Chest Guarantee Scheme for Specified Bank Notes (SBNs) –… Read More »