Volume I
POLICY  PERSPECTIVE

 

1.Banking Development and Perspective

        
2.Monetary and Credit Policy for the year 2002-03
    

3.Monetary Developments in 2001-02

    
4.Mid-term Review of Monetary and Credit Policy for the year 2002-03

5.Chronology of Major Policy Announcements April 2001 to July 2002

6.Follow-up action : Budget Announcements (Position as on 25.6.2002)

7.Foreign Exchange Management Act : Regulations Notified in 2002

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2002

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2002

Foreign Exchange Management (Investment in Firm or Proprietary concern in India) (Amendment) Regulations, 2002.

Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2002

Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002

Foreign Exchange Management (Transfer or Issue of any foreign security) (Amendment) Regulations, 2002

Foreign Exchange Management (Foreign Exchange Derivative Contracts) (Amendment) Regulations, 2002

Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Fourth Amendment) Regulations, 2002.

Foreign Exchange Management (Guarantees) (Amendment) Regulations, 2002

Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2002

Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (2nd Amendment) Regulations, 2002

Foreign Exchange Management (Transfer or Issue of any foreign security) (Amendment) Regulations, 2002

Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations, 2002.

Foreign Exchange Management (Insurance) (Amendment) Regulations, 2002

Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2002

Foreign Exchange Management (Foreign Currency Accounts by a person Resident in India) (Third Amendment) Regulations, 2002

Foreign Exchange Management (Deposit) (Amendment) Regulations 2002.

Foreign Exchange Management (Acquisition and transfer of immovable property in India) (Amendment) Regulations 2002

Foreign Exchange Management (Foreign Exchange Derivative Contracts) (Second Amendment) Regulations, 2002.

Foreign Exchange Management (Offshore Banking Unit) Regulations, 2002

Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2002

 

 

 

 

Volume II

NOTIFICATIONS / CIRCULARS / PRESS RELEASES

 

 

MONTH - WISE

 

January - 2002

 

RBI Regulations for NBFCs - Circular

Amendments to the NBFCs Acceptance of Public Deposits (Reserve Bank) Directions, 1998

Amendmends to the NBFCs Prudential Norms (RBI) Directions, 1998

Amendments to the Residuary Non-Banking Companies (Reserve Bank) Directions, 1987

Release of Assets of Deceased Customers to Legal Survivors/Claimants

Export Credit to Processors/Exporters Agri-Export Zones

Guidelines for Primary Dealers in the Government Securities Market

Guidelines for Investments by Banks/FIs

Valuation of Investments by Banks

Scheme for Authorised Dealers and Full Fledged Money Changers Appointing Agents/Franchisees for Undertaking Restricted Money Changing

Guidelines for Rehabilitation of Sick Small Scale Industrial Units

Asset-Liability Management Guidelines for NBFCs: Applicability to Primary Dealers

Risk Management and Inter-Bank Dealings

Auction of Government Securities: Non-competitive Bidding Facility to Retail Investors – Consolidation of SGL Balances for SLR purpose.

Section 23 of Banking Regulation Act, 1949 - Third Party advertisement on ATM Network

Export of Goods & Services: Extension of period of realisation

Guidelines on Counter Party Limits and Inter-Corporate Deposits.

Prudential norms on income recognition, asset classification and provisioning: Agricultural Advances

Collateral Free Loans - Small Scale Industries.

Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 1998.

Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998

Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998

Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977

Residuary Non-Banking Companies (Reserve Bank) Directions, 1987

Reserve Bank of India (Non-Banking Financial Companies) Returns Specifications 1997.

Provisions Relating To Non-Banking Institutions Receiving Deposits And Financial Institutions: Reserve Bank of India Act, 1934

Minimum Net Owned Fund (NOF) for commencement of business of Non-Banking Financial Institution (NBFI)

Reserve Bank of India (Non-Banking Financial Companies) Returns Specifications 1997

Percentage of assets to be maintained by a residuary non-banking company governed by the provisions of Residuary Non-Banking Companies (RBI) 
Directions, 1987

Investment in Unencumbered Approved Securities

Specification of Institutions

Asset Classification of the Projects Under Implementation (PUI) – Time Overrun

Treatment of Restructured Accounts – Clarifications

RBI issues guidelines on Investment Fluctuation Reserves

Cancellation of Licence of Vinayak Local Area Bank Ltd., Sikar (Rajasthan)

Benares State Bank Ltd. under Moratorium

RBI relaxes procedure for Export Realisation

RBI gives “in-principle” approvals to two new Private Banks

 

 

 

February - 2002

 

Release of Assets of Deceased Customers to Legal Survivors/Claimants

Meeting of Standing Advisory Committee on SSI- Follow-up action- Study of General branches extending Sizable advances to SSI

Enhancing Credit Flow to Minority Communities

Enhancing Credit flow to Minority Communities- Action taken on the discussions held by the Governor with the Commission on 12 September 2001

Additional Disclosures in the Published Annual Reports

Two-way fungibility of ADRs/GDRs

Operative guidelines for limited 2-way fungibility under the “issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993”

Subordinated Debt for inclusion in Tier II Capital – Head Office borrowings in foreign currency by Foreign Banks operating in India

Foreign Direct Investment (FDI) in the Banking Sector

Financing of Infrastructure Projects

Exim Bank’s Line of Credit of US $ 5 million to Eastern and Southern African Trade and Development Bank (PTA Bank)

Indian Direct Investment Outside India

Kisan Credit Cards

Kisan Credit Card Scheme- Master Policy on Personal Accident Insurance Scheme for KCC holders

RBI rejects licence application of The Aryan Co-operative Urban Bank Ltd.

RBI Statement on Rupee Co-operative Bank

RBI rejects licence application of Chapra District Central Co-operative Bank Ltd.

 

 

 

March - 2002

Setting up of Chairs in Educational Institutions Outside India

External Commercial Borrowings (ECBs): Prepayment out of the EEFC Accounts

Accounting Standard - 11 (Revised) on Accounting for the Effects of Changes in Foreign Exchange Rates

Indian Direct Investment outside India

Foreign Exchange Management (Transfer or Issue of any foreign security) (Amendment) Regulations, 2002

Full Convertibility of Deposit Schemes: Non-Resident Indians

Accounting of subsidy amount under SJSRY

Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002

Issue of Foreign Currency Convertible Bonds (FCCBs)

Interest Rates on Advances

Adoption of 90 days’ norm for recognition of loan impairment – Application of Interest at Monthly Rests

Interest Rates on Advances

Issue of Foreign Currency Convertible Bonds (FCCBs)

Amendments to the Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2000

Interest Rate Ceilings on Rupee Export Credit

Rupee Export Credit Interest Rates

Interest Rates on Advances

Foreign Exchange Management (Guarantees) (Amendment) Regulations, 2002

Issue and pricing of shares by private sector banks

Special One Time Settlement Scheme for Small and Marginal Farmers

Export of Goods for Exhibition/Trade Fairs outside India

Ready Forward Contracts

Cancellation and Re-booking of Forward Contracts

Guidance Note on Market Risk Management

Balance Sheet of Banks - Disclosure of Information

Exim Bank’s Line of Credit of US $ 10 million to Banco Centroamericano de Integracion Economica (BCIE)

Exim Bank’s Line of Credit of US $ 10 million to Vnesheconombank, Russia (VEB, The Bank for Foreign Economic Affairs of the USSR)

Exim Bank’s Line of Credit of US $ 10 million to Banco Nacional de Comercio Exterior, S.N.C.,Mexico.

RBI liberalises Capital Account

Clarifications on Government of India Relief Bonds Scheme

NBFCs to frame Policy for Demand/Call Loans

Minimum Lending Rate of Co-operative Banks reduced to 12%

Reduced Interest Rates for Rupees Export Credit to continue till September 30, 2002

RBI gives final approval to one more Primary Dealer: BOB Capital Markets Ltd.

RBI to relax timeframe for investments in Government Securities and other approved securities by urban banks on a case-by-case basis

NRIs/PIOs can remit $ 1,00,000 per year out of Inherited Assets

Lock-in Period for Repatriation of Sale Proceeds of Immovable Properties for NRIs/PIOs removed

 

 

April - 2002

 

Facilities to Status Holder Exporters: Credit to the EEFC account.

Export of Goods and Services - Facilities to Status Holder Exporters.

Limit on Credit Exposure to Individual/Group of borrowers.

Issue of General Insurance Policies in Foreign Currency

Sale of Government of India Dated Securities by Auction

Auction for Sale of Government Stock of 7 Years

Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities

Tender for Non-competitive Bids (Scheme for Non-competitive Bidding Facility in Auctions of Government Securities)

Auction for Sale of Government Stock of 10 Years

Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities

Master Circular for Direct Investment in JVs/WOS abroad as on July 1, 2001

Customer Service - Reversal of Erroneous Debits Arising on Fraudulent or Other Transactions

Frauds in Banks

Frauds in Banks - Monitoring of Deposit Accounts

Two-way fungibility of ADRs/GDRs

Financing for Construction Industry

Sale of Government of India Dated Securities by Auction

Auction for Sale of Government Stock of 15 Years

Export of Goods and Services: Master Circular (As on July 1, 2001)

Foreign Exchange Management Act, 1999 – Export of goods and services – Reduction in value

Exclusion of credit card outstanding from the norms relating to unsecured advances and guarantees

Ready Forward Contracts

Foreign Exchange Management Act, 1999 – Current Account Transactions

RBI Regulations for NBFCs

RBI rationalises prudential norms for NBFCs

Export Credit – Whole Turnover Post-shipment Guarantee Scheme

Special Financial Package for Large Value Exports - Rupee Credit Interest Rates

Investment in and Borrowing from Overseas Markets

External Commercial Borrowings: Crystallisation of Liability

Interest Rates on Export Credit in Foreign Currency

Sale of Government of India Dated Securities by Auction

Auction for Sale of Government Stock of 10 Years

Asset-Liability Management Guidelines

Asset-Liability Management Guidelines for Urban Co-operative Banks.

Investment Portfolio of Banks Transactions in Securities

Monetary and Credit Policy for the year 2002–2003: Interest Rates on advances

Interest Rates on Advances

Full convertibility of Deposit Schemes: Non-Resident Indians – NRNR accounts & NRSR accounts

Interest Rate on FCNR (B) Deposits

Foreign Currency (NRI) Accounts (Banks) Scheme

Issue of Certificates of Deposit (CD) in dematerialized form

ACU: Funding of Nostro Account on ‘TOM’ basis

Indian Direct Investment in Joint Ventures/ Wholly Owned Subsidiaries Outside India

Issue of Smart Cards by banks

Credit Facilities for Small Scale Industries: Collateral Free Loans

Rehabilitation of sick SSI units

Facilities for ‘Status Holder’ Exporters

Ways and Means Advances Scheme, 2002 for State Governments

RBI Consultative Group o n Bank Boards submits Report

Ways and Means Advance (WMA) to Centre for 2002-2003

Merger of ICICI Ltd. with ICICI Bank Ltd.

 

 

 

May - 2002

 

Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities

 

Revised General Notification for issue of Government of India Dated Securities

 

Issue of Government Securities

 

Housing Finance Allocation for the year 2002-2003

 

Concessive Rupee Export Credit for Deemed Exports

 

Sale of Government of India Dated Securities by Auction

 

Auction for Sale of Government Stock of 8-Year tenure

 

Current Account Transactions - Remittance for Advertisement on Foreign Television

 

Remittance of Current Income by NRIs

 

Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Government of India and erstwhile USSR

 

Transaction in Government Securities

 

Corporate Debt Restructuring

 

Prudential Norms on Asset Classification

 

Monetary and Credit Policy 2002-03: Investment Fluctuation Reserve

 

Foreign Exchange Management Act, 1999 – Insurance

 

Risk Management Systems in Banks - Country Exposure

 

Country Risk Managment: Note for Discussion.

 

Risk Weight on Housing Finance and Mortgage Backed Securities

 

Charging of interest at monthly rests

 

Income recognition, asset classification and provisioning norms on advances – Treatment of projects under implementation involving time overrun

 

Compliance by banks with Accounting Standards (AS):Applicability of AS 17, 18, 21 and 22

 

Wilful defaulters and action thereagainst

 

Scheme for Bidding, Underwriting and Liquidity Support to Primary Dealers - 2001-02

 

Inclusion of Leasing and Hire Purchase Assets Under Priority Sector.

 

RBI gives ‘In Principle’ approval for one more Primary Dealer

 

RBI follows Clean Note Policy: Instals New Machines for Faster Weeding out of Soiled Notes

 

RBI announces Rate of Interest on FRBs 2006

 

All RBI regulated Entities to hold G-Secs in Demat Form

 

Ready Forward Contracts- through CCI Ltd.

 

Special Financial Package for large value exports - Rupee Credit Interest Rates

 

Indian Exporters allowed to receive part export value in shares in Start-up Companies

 

 

 

June - 2002

Exim Bank’s Letter of Credit Refinancing Facility of US $ 20 million to Bank Markazi Jomhouri Islami Iran

 

Auction of Government of India Dated Securities

 

Auction for Sale (Re-issue) of ‘7.40 per cent Government Stock, 2012’

 

Auction for Sale (Re-issue) of ‘8.35 per cent Government Stock, 2022’

 

Swarnjayanti Gram Swarozgar Yojana (SGSY)-Family and Wilful defaulter: Clarification

 

RBI Regulations for NBFCs – Amendment to NBFC Directions on Prudential Norms

 

Special Financial Package for large value exports

 

Investment Portfolio of banks - Transactions in Government Securities

 

Asset Classification of Projects Under Implementation: Time Overrun – Definition of Financial Closure

 

Investment Portfolio of banks: Transactions in Government Securities

 

Investments in Govt. and other approved Securities by urban co-operative banks

 

Charging of interest at monthly rests

 

SEBI Committee on Corporate Governance – Guidelines to Indian commercial banks listed in stock exchanges

 

Summary of the important Recommendations of the SEBI’s Committee on Corporate Governance

 

Remittance for participation in lottery etc., schemes

 

Submission of Credit Information to Credit Information Bureau (CIB)

 

Entertainment Industry – Bank Finance for Film Industry

 

Certification of holding of securities in banks’ investment portfolio

 

Certificates of Deposit (CDs)

 

RBI develops a Short-Term Liquidity Forecasting Model

 

Report of the Consultative Group of Directors of Banks/Financial Institutions (Dr. Ganguly Group) - Implementation of recommendations

 

Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Government of India and erstwhile USSR

 

Draft guidelines for Consolidated Accounting and other quantitative methods to facilitate Consolidated Supervision

 

Indian Direct Investment in Joint Ventures (JV)/ Wholly Owned Subsidiaries (WOS) outside India

 

Exim Bank’s Line of Credit of US $ 10 million to Banco de Comercio Exterior de Colombia, S.A. (Bancoldex), Colombia

 

Reliance on Call/Notice Money Market: Prudential Norm

 

Use of Credit Cards

 

Auction of Government of India Dated Security and Floating Rate Bonds

 

Auction for Sale of Govt of India Floating Rate Bonds 2017

 

Auction for Sale (Re-issue) of ‘7.55% Government Stock, 2010’

 

Alteration in the name of bank in the Second Schedule to the Reserve Bank of India Act, 1934 “The Fuji Bank Ltd.” to “Mizuho Corporate Bank Ltd.”

 

Maintenance of foreign currency account abroad by a company/firm/a body corporate registered or incorporated in India

 

Ready Forward Contracts

 

Priority Sector Advances - Credit Deployment to SSI Sector - Revised List of Small Scale Service Business (Industry Related) Enterprises (SSSBEs)

 

Credit flow to minority communities: Regarding Priority Sector Advances

 

Reporting of Call Money Transactions

 

Technical Group on Market Integrity submits Report

 

NBFC Auditors Directed to Verify Continued Compliance of Capital Adequacy Ratio Requirement

 

Indian Promoters’ can hold 49% in Private Banks

 

Report of the Standing Committee on International Financial Standards and Codes

 

RBI reject licence application to the Janata Sahakari Bank Maryadit

 

Use of International Credit Cards on Internet

 

Amalgamation of the Benares State Bank Ltd. with Bank of Baroda

 

RBI cancels licence of Shri Adinath Sahakari Bank Ltd.

 

 

 

July - 2002

Facilities to NRIs/PIOs and Residents

 

Export of Goods and Services

 

Prudential norms on income recognition, asset classification and provisioning pertaining to the advances portfolio: Master Circular

 

Transferability of Relief Bonds of earlier series

 

Swarnjayanti Gram Swarozgar Yojana (SGSY): Central Level coordination Committee (CLCC) held on 03-06-02 at Hyderabad – Implementation of decisions

 

Credit Mobilisation target under Swarnjayanti Gram Swarozgar Yojana (SGSY) during the year 2002-03

 

Master Circular - Note Exchange Facility

 

Master Circular - Prudential norms on Capital Adequacy

 

Branch/Project/Liaison Offices in India of person resident outside India

 

Deferred Payments Protocols dated 30th April 1981 and 23rd December 1985 between the Government of India and erstwhile USSR

 

Normal Transit Period (NTP) for exports to Iraq under U.N. guidelines

 

Master Circular: Prudential norms for classification, valuation and operation of investment portfolio by banks

 

Relaxation to trade and industry in the State of Jammu & Kashmir

 

Capital Adequacy Norms - Half Yearly Statement of Capital to Risk-Weighted Asset Ratio (CRAR) - Discontinuance

 

Credits to Non-Resident External Rupee Accounts

 

Investments in Equities/Bonds issued by All-India Financial Institutions

 

Guidelines for Classification and Valuation of Investments - Clarifications / Modifications

 

Remittance towards Settlement of Travellers’ Cheques sold by Full fledged Money Changers

 

Access to Call/Notice Money Market for Primary Dealers: Prudential Norms

 

Rationalisation of Returns

 

Charging of interest at monthly rests: Consolidated Instructions

 

Introduction of Special Quarterly Return VI-AC: Lending Rates

 

Master Circular-Guarantees and Co acceptances

 

Section 23 of Banking Regulation Act, 1949 – Master Circular on Branch Licensing

 

Publication of Financial Results

 

Loans and Advances: Statutory and Other Restrictions

 

Exim Bank’s Line of Credit of US $ 10 million to Banco Industrial de Venezuela (BIV), Venezuela

 

Interest Rates on Advances: Master Circular

 

Cancellation and Rebooking of Forward Contracts

 

Master Circular on Interest Rates on Rupee Deposits held in Domestic, Ordinary Non-Resident (NRO) and Non-Resident (External) (NRE) Accounts

 

Master Circular of instructions relating to deposits held in FCNR (B) Accounts

 

Maximum limit on advances - Advances to Directors and their relatives

 

Full Convertibility of deposit scheme: Non-Resident Indians - NRNR Accounts and NRSR Accounts

 

Full Convertibility of Deposit Schemes: Non-Resident Indians

 

Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002

 

Indian Direct Investment in JVs/WOS abroad: Master Circular

 

Release of Foreign Exchange for Travel outside India

 

Master Circular: Release of Foreign Exchange for Travel outside India.

 

Section 23 of the Banking Regulations Act, 1949 (As Applicable to Co-operative Societies): Issue of post-facto/duplicate licences

 

Updating Passbooks of customers maintaining Savings Bank/Current Accounts

 

Guidelines for rehabilitation of sick small scale industrial units

 

Charging of Interest at monthly rests

 

Charging of interest at monthly rests: Consolidated Instructions

 

Exim Bank’s Line of Credit of US $ 10 million to Banco Bradesco S.A., Brazil

 

Customer Service, Simplification of Procedures for Delivery of Export Credit and Reporting Requirements

 

Facilities to NRIs/PIOs and Residents

 

RBI Deputy Governor emphasises the need for Strong Corporate Governance in Cooperative Banks

 

Greater Volatility in Capital Flows and External Markets require Building of Safety Walls: says Bimal Jalan

 

RBI rejects licence application of Rajampet Co-operative Town Bank Ltd.

 

BIS Conference on Global recover: On track or Hold.

 

Non-Banking Non-Financial Companies need not submit deposit returns to RBI

 

RBI cancels licence of The Praja Co-operative Urban Bank Ltd.

 

Working Group suggests strengthening of Information Base on Business Cycle Indicators

 

 

 

August - 2002

Guidelines for relief measures by Banks in areas affected by natural calamities

 

External Commercial Borrowings – Prepayment

 

Transactions in Government Securities

 

Donation by banks

 

Capital adequacy and credit exposure norms - Treatment of loans granted by Financial Institutions (FIs) against the guarantee of banks

 

Master Circular – Export of Goods and Services

 

Assured Spare Parts Supply Agreements: Opening of stand-by Letters of Credit by Independent Power Producers

 

Export of Goods and Services – Facilities to units in Special Economic Zones (SEZs)

 

Exchange Earners’ Foreign Currency (EEFC) Account Scheme – Amendment

 

Guidelines for bank finance for PSU disinvestments of Government of India

 

Guidelines on “Know Your Customer” norms and “Cash transactions”

 

Zero percent Interest Finance Schemes for Consumer Durables

 

Customer Service - Immediate credit for outstation and local cheques - enhancement of ceiling

 

Export of Goods and Services

 

Capital adequacy and provisioning requirements for export credit covered by insurance / guarantee

 

Exposure Norms: Master Circular

 

Priority Sector Lending -Scheme for financing Agriclinics and Agribusiness Centres

 

Capital Adequacy Norms - Risk Weight for Housing Loans and Mortgage Backed Securities

 

Charging of interest at monthly rests: Consolidated Instructions

 

Report of the Working Group on Electronic Money

 

Reserve Bank of India brings ECB Pre-payment on Automatic Route as an Experiment

 

Higher Open Position Limits to Authorised Dealers

 

RBI launches Technical Assistance Programme for strengthening Management Information System (MIS) in Co-operative Banks

 

EEFC Accounts for Professionals

 

RBI cancels licence of The Megacity Co-operative Urban Bank Ltd.

 

RBI cancels licence of The Kalwa Belapur Sahakari Bank Ltd.

 

Banking Licence rejected of the District Central Co-operative Bank Ltd., Gonda

 

RBI cancels licence of The Maa Sharda Mahila Nagari Sahakari Bank Ltd.

 

 

 

September - 2002

Draft Guidelines for Consolidated Accounting and Consolidated Supervision

 

7% Savings Bonds, 2002

 

Export of goods and services against repayment of State Credits granted by erstwhile Soviet Union

 

Rupee Export Credit

 

Export Credit in Foreign Currency

 

Reporting format for the issue and operation of - Credit Cards/Debit Cards/ Smart Cards

 

Evidence of Import

 

R-Return and Guide to Authorised Dealers for compilation of R-Returns – Submission of A1 and A2 forms – Discontinuation of

 

Swarnjayanti Gram Swarozgar Yojana (SGSY): Group Life Insurance Scheme

 

Swarnjayanti Gram Swarozgar Yojana (SGSY): Submission of Quarterly Review Note

 

Study on preventing slippage of NPA accounts

 

Guidelines on preventing slippage of NPA accounts.

 

Release of Foreign Exchange for Small Value Remittances

 

Liberalisation of Release of Foreign Exchange for Medical Treatment Abroad

 

Foreign Exchange Management (Insurance) Regulations, 2000

 

Remittance of assets in India acquired by way of inheritance/legacy/Foreign Nationals

 

FEMA, 1999 – Current Account Transactions: Remittances towards Consultancy Services

 

Asset Classification of the Projects Under Implementation (PUI) - Time Overrun - Reversal of Provisions

 

Disposal of duplicate copies of Export Declaration Forms

 

External Commercial Borrowings (ECBs) – Prepayment

 

External Commercial Borrowings (ECBs)

 

Charging of interest at monthly rests: Agricultural Advances

 

Rupee Export Credit Interest Rates

 

Interest Rates on Advances

 

Foreign Currency Loans in India to holders of FCNR(B) Deposits

 

Credit Facilities to Scheduled Castes and Scheduled Tribes: Master Circular

 

Imports into India - Short term credit

 

Repatriation of NRNR Deposits

 

Remittance of Current Income by Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs): No Objection Certificate

 

Special Financial Package for large value exports - Rupee credit interest rates

 

Income Tax Clearance Certificate/ No Objection Certificate

 

Remittance to a non-resident: deduction of tax at source: Submission of No Objection Certificate: Dispensing with: regarding

 

Special Financial Package for large value exports: Rupee credit interest rates

 

Sanchayani Not to Accept Deposits - Supreme Court

 

Liberalisation of Loans from Close Relatives outside India

 

EEFC Account Scheme for EOUs further liberalised

 

Procedure for Release of Foreign Exchange for Medical Treatment Abroad Liberalised

 

No Documentation for Small Value Remittance

 

RBI cancels licence of Armoor co-operative Urban Bank Ltd.

 

Dr. Rakesh Mohan takes over as RBI Deputy Governor

 

Prepayment of ECB under Automatic Route raised to US $ 100 million without any condition

 

Lower Ceilings on Interest Rate on Rupee Export Credit now available till April 30, 2003

 

Authorised Dealers to allow Short Term Credit for Imports into India

 

Procedure and Documentation Simplified for Release of Foreign Exchange

 

RBI welcomes the cleaning up of Balance Sheet of Centurion Bank Ltd.

 

 

 

October - 2002

Non-Banking Financial Companies: Amendments to Regulations

 

Amendments to the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998

 

Amendments to Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998

 

Amendments to Residuary Non-Banking Companies (Reserve Bank) Directions, 1987

 

Amendments to Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977

 

Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977

 

Residuary Non-Banking Companies (Reserve Bank) Directions, 1987

 

Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998

 

Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998

 

Opening, holding and maintaining Foreign Currency Account in India by Unit in Special Economic Zones (SEZs)

 

Foreign Exchange Management (Foreign Currency Accounts by a person Resident in India) (Third Amendemnt) Regulations, 2002

 

Access to Call/Notice Money Market for Primary Dealers : Prudential Norm

 

Guidance Notes on Management of Credit Risk and Market Risk

 

Guidance Note on Credit Risk Management

 

Guidance Note on Market Risk

 

Indo-Sri Lanka Credit Agreement dated July 3, 2002, for US $ 31 Million

 

Priority Sector Lending: Prime Minister’s Rozgar Yojana (PMRY) - Master Circular

 

Interest Rate on FCNR (B) Deposits

 

Foreign Currency (Non-Resident) Accounts (Banks) Scheme

 

Exim Bank’s Line of Credit of USD 10 Million to Banca Comerciala Romana (BCR), Romania

 

Release of Exchange for Private Travel

 

Certification of Borrower’s Account by Chartered Accountants

 

Cross-currency Derivative Products: Submission of Report

 

Frauds – Classification and Reporting

 

Sale of Gold/silver/Platinum - Forward Contract

 

Section 42 (1) of the Reserve Bank of India Act,1934: Maintenance of Cash Reserve Ratio (CRR)

 

Penal Rate of Interest on shortfall in the maintenance of CRR/SLR

 

Export Credit - Flexibility in repayment of pre-shipment credit and conversion of drawals under rupee packing credit into PCFC

 

Export of Goods and Services

 

Maintenance of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949 – Regional Rural Banks

 

Section 42(1) of the Reserve Bank of India Act,1934: Maintenance of Cash Reserve Ratio (CRR): Changes in Daily Minimum CRR Maintenance 
Requirement

 

Interest on Current Account

 

Section 42(1) of RBI Act, 1934: Maintenance of Cash Reserve Ratio (CRR)

 

Penal Rate of Interest on shortfalls in the maintenance of Cash Reserve Ratio (CRR)

 

Lending to Weaker Sections under Priority Sector

 

Priority Sector Advances - Finance extended to dealers in drip irrigation/sprinkler irrigation systems/Agricultural machinery

 

Priority Sector Advances- Repairs of damaged houses in Rural and other areas

 

Priority Sector Advances - Small Business

 

Exchange Earners’ Foreign Currency (EEFC) Account Scheme

 

Balance Sheet of Banks- Disclosure of Information

 

Opening of Extension Counters by Primary (Urban) Co-operative Banks

 

RBI rejects licence application of Manamadurai Co-operative Urban Bank Ltd.

 

No Plan to introduce Polymer/Plastic notes: RBI

 

e-Gold Violative of Indian Rules : RBI

 

Advisory Committee on WMA to State Governments

 

Negotiated Dealing System - Trade Data on Reserve Bank of India Website

 

RBI cancels licence of Mother Theresa Hyderabad Co-operative Urban Bank Ltd.

 

 

 

November - 2002

Lifting of lock-in period for repatriation of sale proceeds of immovable property situated in India

 

Resident Foreign Currency (Domestic) Account: Facility for Resident Individuals

 

Investment in Overseas Markets

 

Investment by NRIs/OCBs in Non-Convertible Debentures – Redemption thereof

 

Issue of International Credit Cards to Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)

 

Mid-term Review of Monetary and Credit Policy for the year 2002-03: Interest Rates on Deposits by Banks/RRBs/Local Area Banks

 

Exemption of Advances granted to Self Help Groups (SHGs) against Group Guarantee from the Limit of Unsecured Guarantees and Advances

 

Special One-Time Settlement (OTS) Scheme for Small and Marginal farmers

 

Rupee Export Credit Interest Rates

 

Issue of Corporate Guarantee in lieu of Bid Bond Guarantee

 

Foreign Exchange Management (Guarantees) (Amendment) Regulations, 2002

 

Setting up of Offshore Banking Units (OBUs) in Special Economic Zones (SEZs)

 

Investment in Overseas Markets

 

Memorandum of Instructions to Authorised Money Changers (AMCs)

 

Commodity Hedging by Entities in the Special Economic Zones

 

Foreign Exchange Derivative Contracts (Second Amendment) Regulations, 2002.

 

Repatriation of refund of funds received for purchase of shares

 

Refund of purchase consideration on account of non-allotment of flats/plots/cancellation of bookings/deals in respect of immovable property purchased 
by NRIs/PIOs in India

 

Foreign Exchange Management (Deposit) (Amendment) Regulations 2002

 

Exim Bank’s Line of Credit of US $ 10 Million to Eastern and Southern African Trade and Development Bank (PTA Bank)

 

Reliance on Call/Notice Money Market: Prudential Norm

 

Guidelines for relief measures by banks in areas affected by drought

 

Investment in Overseas Market

 

Foreign Exchange Management Act, 1999: Advance Remittances for Imports

 

Forward Cover for Foreign Institutional Investors

 

Draft Scheme of Amalgamation: Nedungadi Bank Ltd. (Amalgamation with Punjab National Bank) Scheme, 2002.

 

Transactions in Government Securities

 

Lending to Priority Sector

 

Mid-Term Review of Monetary and Credit Policy 2002-03: Certificates of Deposit

 

Increase in release of foreign exchange for private visits abroad

 

Levy of Service Charges by Primary (Urban) Co-op. Banks

 

ADR/GDR/FCCB Issues

 

Guidelines for Euro Issues

 

Resident Foreign Currency (Domestic) Account - Facility for Resident Individuals

 

Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2002

 

Remittance of Foreign Exchange for Miscellaneous purposes

 

Foreign Currency Loans in India to holders of FCNR (B) Deposits – Clarification

 

Income Tax Clearance Certificate/No Objection Certificate from Income Tax Authorities – Revision of format of undertaking and certificate

 

Evidence of Import

 

Guidelines for Issue of Commercial Paper

 

Exemption from Section 45-IA and 45-IC of the Reserve Bank of India Act, 1934 (2 of 1934): Venture Capital Fund Companies

 

Prudential norms on income recognition, asset classification and provisioning: agricultural loans affected by natural calamities

 

RBI notifies Repayment of Packing Credit

 

New Facility of Foreign Currency Accounts for Resident Individuals

 

Nedungadi Bank under Moratorium

 

RBI announces rate of interest on FRBs 2006

 

Procedural Simplification and Liberalisation for Advance Remittance for Imports

 

Relief measures by banks in areas affected by drought

 

RBI announces further relaxations in Exchange Control

 

RBI gives final approval to Citicorp Capital Markets Limited to operate as a Primary Dealer

 

Release of Foreign Exchange for private visits abroad – Increase in limit

 

RBI rejects licence application of The Pithapuram Co-operative Urban Bank Ltd.

 

G-20 Meeting: Summary of Lead Remarks by Dr. Bimal Jalan, Governor, Reserve Bank of India

 

Facilities for exchanging soiled and mutilated notes

 

Taking over of servicing of IIBI Bonds (SLR) by IIBI Limited

 

 

 

December - 2002

Indian Direct Investment in SAARC Countries and Myanmar

 

Issue of International Credit Cards to Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)

 

Use of Credit Cards

 

Issue of International Credit Cards to Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)

 

Full convertibility of Deposit Schemes: NRNR/NRSR Accounts - Clarifications

 

Full Convertibility of Deposit Schemes – Non-Resident Indians

 

Foreign Exchange Management (Deposit) (Amendment) Regulations, 2002

 

8% Relief Bonds Scheme 2002: Procedure for granting advances against the bonds issued in the form of Bond Ledger Account

 

Reliance on Call/Notice Money Market: Prudential Norm Limit of Unsecured Guarantees and Advances

 

Measurement of Credit Exposure of Derivative Products

 

“Write-off” of unrealised export bills: surrender of export incentives

 

Write off of unrealised export bills: Simplification of procedure

 

Exchange Earners’ Foreign Currency Account Scheme

 

The Securitisation Companies/ Reconstruction Companies (Reserve Bank) Directions, 2002

 

The Securitisation Companies/Reconstruction Companies Prudential Norms (Reserve Bank) Directions, 2002

 

General Guidelines for Securitisation Companies/Reconstruction Companies

 

Fair Practices Code on Lenders’ Liability

 

Opening of saving bank accounts in the name of certain bodies/organizations: Prohibition against opening of savings bank accounts in the name of certain bodies/organisations

 

Interest Rates on Deposits

 

Opening of saving bank accounts in the name of certain bodies/organizations

 

Standardised Checklists for conducting Computer Audit – Report of the Committee on Computer Audit

 

Prompt Corrective Action (PCA)

 

Risk Management and Inter Bank Dealings

 

Connected Lending by the select all-India Financial Institutions (FIs)

 

Trading of Government Securities on the Stock Exchanges: Draft Scheme for comments

 

Maximum limit on Advances – Advances to Directors and their relatives and to concerns in which Directors or their relatives are interested

 

Maximum limit on advances

 

Resident Foreign Currency (Domestic) Account – Facility for Resident Individuals

 

Resident Foreign Currency (Domestic) Account - Facility for Resident Individuals

 

Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2002

 

Resident Foreign Currency (Domestic) Account - Facility for Resident Individuals

 

Risk-based Internal Audit

 

Guidance Note on Risk-based Internal Audit

 

Section 42 (1) of the Reserve Bank of India Act, 1934 - Relaxation in Daily Minimum Cash Reserve Maintenance Requirement

 

Minimum balance in savings bank accounts

 

Venture Capital Fund Companies

 

Exemption from Section 45-IA and 45-IC of the Reserve Bank of India Act, 1934 (2 of 1934): Venture Capital Fund Companies

 

Directions issued to NBFcs

 

Report of the Committee on Computer Audit – Standardised Checklists for Conducting Computer Audit

 

Levying of service charges and inspection charges by banks in respect of priority sector loans

 

Relief measures by banks in areas affected by drought- One time waiver of interest on Kharif crop loans

 

Clean Note Policy: RBI

 

RBI discontinues Satellite Dealers System

 

NRIs/PIOs can now pay Credit Card Dues from their NRO Funds

 

RBI appoints Banking Ombudsman for Andhra Pradesh

 

RBI’s Substantial Relaxations for Forex Markets

 

RBI appoints Banking Ombudsman for Chennai

 

RBI cancels licence of the Sevalal Urban Co-operative Urban Bank Ltd.

 

RBI rejects licence application of The Gulbarga Urban Co-operative Bank Ltd.

Contents

CD-ROM

 

Section I.Reports (2002 to 1997).

Section II.Notification (2001 to 1998).

Section III &