"February, 2010" Archive - Page 51

RBI circular on Maintenance of Cash Reserve Ratio (CRR) by All Scheduled Primary (Urban) Co-operative Banks

RBI/2009-2010/302, Ref: UBD (PCB).No./2/12.03.000/2009-10 (01/02/2010)

On the basis of the current macroeconomic assessment, as set out in the Third Quarter Review of the Monetary Policy 2009-10 issued on January 29, 2010, ithas been decided to increase the Cash Reserve Ratio (CRR) for Scheduled Primary (Urban) Co-operative Banks by 75 basis points from 5.00 per cent to 5.75 per cent of their net demand and ...

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RBI circular on Maintenance of CRR by regional rural bank

RBI/2009-10/301 RPCD.CO.RRB.BC.No.53/03.05.28 (B)/2009-10 (01/02/2010)

RPCD.CO.RRB.BC.No.53/03.05.28 (B)/2009-10- On the basis of the current macroeconomic assessment, as set out in the Third Quarter Review of Monetary Policy 2009-10 issued on January 29, 2010, it has been decided to increase the Cash Reserve Ratio (CRR) for Regional Rural Banks by 75 basis points from 5.00 per cent to 5.75 per cent of their...

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RBI/2009-10/299, Dated: 01.02.2010

RBI/2009-10/299, DBOD. AML.No. 13388 /14.06.061/2009-10 (01/02/2010)

Banks/Financial Institutions are required to update the consolidated list of individuals/entities as circulated by Reserve Bank and before opening any new account, it should be ensured that the name/s of the proposed customer does not appear in the list. Further, banks should scan all existing accounts to ensure that no account is held by...

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Section 23 of the Banking Regulation Act, 1949 – Relaxations in Branch Authorisation Policy

RBI/2009-10/298 DBOD.No.BL.BC. 72 /22.01.001/2009-10 (01/02/2010)

In partial modification thereof, we advise that Jammu & Kashmir State has since been included in the list of underbanked States and consequently the following underbanked districts of Jammu & Kashmir State – Anantnag, Doda, Kupwara and Poonch – have been included in the list of underbanked districts in underbanked States under Annex I...

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RBI circular on Export and Import of Currency

RBI/2009-10/297 A.P. (DIR Series) Circular No. 30, A.P.(FL/ RL Series) Circular No.06 (01/02/2010)

Attention of Authorised Persons is invited to clauses (a) and (c) of sub-regulation (1) of Regulation 3 of Foreign Exchange Management (Export and Import of Currency) Regulations, 2000, notified vide Notification No. FEMA 6 /RB-2000 dated May 3, 2000, in terms of which, any person resident in India may take outside India or having gone ou...

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