RBI Circular RPCD.CO.RRB.BC.No. 89-03.05.28-B-2006-07 dated 10 May 2007
Regional Rural Banks-Acceptance of small denomination notes/coins-RBI directed regional rural banks to instruct their branches to accept small denomination notes/coins from any member of the public, without restricti [LexDoc Id : 319659]
RBI
2007
RBI A.P.(DIR Series) Circular No. 56 dated 10 May 2007
Authorised Dealer Banks-Issue of ACU Dollar accounting statements-The banks dealing in foreign currency were instructed to issue regular ACU Dollar account statements to their foreign counter parties notified that th [LexDoc Id : 319658]
RBI
2007
RBI Circular UBD.CO.LS.Cir.No. 43-07.01.000-2006-07 dated 9 May 2007
Branch banking data -Submission of quarterly returns-The RBI revised Proformae I & II of the quarterly returns submitted by the banks for compilation of the branch banking data. These proformae were revi [LexDoc Id : 320893]
RBI
2007
Government of Maharashtra Trade Circular No. 39T dated 9 May 2007
Grant of Registration Certificates-Clarifications-The Commissioner of Sales Tax clarified that the use of old style pin code based number on invoices and other documents would be considered as legitim [LexDoc Id : 319620]
2007
Government of Maharashtra Trade Circular No. 38T dated 9 May 2007
Amendments in the Central Sales Tax Act, 1956.-Clarifications-The Commissioner of Sales Tax, Mumbai clarified that if an inter-State sale had been made to a person other than a dealer or an un-registered dealer o [LexDoc Id : 319619]
RBI A.P.(DIR Series) Circular No. 55 dated 9 May 2007
Non-Resident Deposits-Comprehensive single return-The RBI notified the banks maintaining Non-Resident Deposit (NRD) Accounts that the software NRD-CSR was upgraded to 3.0 to provide useful tools to th [LexDoc Id : 319613]
RBI
2007
RBI Circular DBOD.IBD.BC.95-23.67.002-2006-07 dated 8 May 2007
Import of Gold Coins-Tie-up arrangements-The RBI instructed nominated banks authorised to import gold to desist from entering into tie-up arrangements with non-nominated banks/non-banking fin [LexDoc Id : 319657]
RBI
2007
RBI Circular RPCD.RRB.BC.No. 87-03.05.34-2006-07 dated 8 May 2007
Regional Rural Banks-Investments in SLR/RRB approved securities-The exemptions granted to regional rural banks from 'mark to market' norms in respect of their investments in SLR securities were extended up to the f [LexDoc Id : 319530]
RBI
2007
RBI Circular DNBS.PD-CC 94-03.10.042-2006-07 dated 8 May 2007
NBFCs-Guidelines on Corporate Governance-The RBI issued guidelines on corporate governance that the NBFCs could follow to ensure adoption of best practices and better transparency in their [LexDoc Id : 319529]
RBI
2007
RBI A.P.(DIR Series) Circular No. 51 dated 8 May 2007
Foreign exchange transactions-Remittance scheme liberalised-The RBI notified the authorised dealers in foreign exchange that the remittance scheme for the individuals was further liberalised for individuals. A [LexDoc Id : 319528]
RBI
2007
RBI A.P.(DIR Series) Circular No. 52 dated 8 May 2007
Booking of Forward Contracts-Liberalisation-The RBI liberalised the provisions of booking of forward contracts based on past performance. As per the provisions of the Annual Policy Statement for [LexDoc Id : 319527]
RBI
2007
RBI A.P.(DIR Series) Circular No. 53 dated 8 May 2007
Authorised banks dealing in foreign exchange-Investment in overseas securities for registered mutual funds-The RBI notified authorised banks dealing in foreign exchange that the investment limit for overseas securities was enhanced to USD 4 million from U [LexDoc Id : 319526]
RBI
2007
RBI A.P.(DIR Series) Circular No. 54 dated 8 May 2007
Authorised banks dealing in foreign exchange-Reporting mechanism of data-The RBI modified the reporting mechanism for authorised dealer banks (category – 1) in order to get information of the branches as per their categori [LexDoc Id : 319525]
RBI
2007
RBI Circular UBD.PCB.Cir.No. 42-09.11.200-06-07 dated 7 May 2007
Primary (Urban) Co-operatives Banks-Entry into insurance business-All primary urban co-operative banks registered in States and have signed MOUs with the RBI or registered under the Multi State Co-operative Societies [LexDoc Id : 319523]
RBI
2007
RBI Circular DBOD No. Dir.BC.93-13.03.00-2006-07 dated 7 May 2007
Commercial banks-Complaints about excessive interest rates on loans-The RBI directed commercial banks to regulate their interest rates and other charges levied on borrowers of personal loans and advances. Accordingly, [LexDoc Id : 319407]
RBI
2007
RBI Circular DBOD.No. Leg.BC.94-09.07.005-2006-07 dated 7 May 2007
Scheduled commercial banks-Directions to enhance banking habits-The RBI had directed scheduled commercial banks to offer a basic banking 'no-frills' accounts to target greater financial inclusion so that more peopl [LexDoc Id : 319406]
RBI
2007
RBI A.P.(DIR Series) Circular No. 50 dated 4 May 2007
Venture Capital Funds-Overseas Investment-The RBI clarified that domestic Venture Capital Funds registered with SEBI were permitted to invest in equity and equity-linked instruments only of of [LexDoc Id : 320296]
RBI
2007
RBI Circular UBD.PCB.Cir No. 40-13.05.000-2006-07 dated 4 May 2007
Primary (Urban) Co-operative Banks-Reduction of risk weight on residential housing loans-The RBI reduced the risk weight on the residential housing loans to individuals from the existing 75 percent to 50 percent as a temporary measure in r [LexDoc Id : 319327]
RBI
2007
RBI Circular UBD.CO.BPD.(PCB).No. 41-12.05.001-2006-07 dated 4 May 2007
Primary (Urban) Co-operative Banks-Defaulted companies-The RBI advised primary (urban) co-operative banks that no defaulted companies be allowed to operate their accounts for monetary transactions. This in [LexDoc Id : 319326]
RBI
2007
RBI Circular DBOD.BP.BC. 92-21.01.002-2006-07 dated 3 May 2007
Commercial banks-Risk weight on residential housing loans-The RBI reduced the risk weight in respect of housing loans up to Rs. 20 lakh to individuals against the mortgage of residential housing properties fr [LexDoc Id : 319252]
RBI Circular UBD. PCB.Cir No. 38-09.14.000-2006-07 dated 30 April 2007
Primary (Urban) Co-operative Banks-Income recognition, asset classification and provisioning norms-The RBI notified primary urban co-operative banks that for Tier-1 banks, the 180 day loan deliquency was extended by further one year and the 12-month [LexDoc Id : 319524]
RBI
2007
RBI Circular RPCD.PLFS.BC.No. 85-05.04.02-2006-07 dated 30 April 2007
Scheduled commercial banks-Simplification of procedure for obtaining agricultural loans-The RBI directed all scheduled commercial banks to dispense with the requirement of ‘No Dues’ Certificate (NDC) for small loans up to Rs.50,000 to sma [LexDoc Id : 319126]
RBI
2007
RBI Circular UBD(PCB).Cir.No. 39-13.05.000-06-07 dated 30 April 2007
Primary Urban Co-operative Banks-Risk Weight - Housing Finance / Consumer Credit-RBI reduced the risk weight on loans offered up to Rs. 1 lakh against gold and silver ornaments from 125 per cent to 50 per cent. The reduction in the [LexDoc Id : 319125]
