Monthly Archives: November 2013

Imposition of Minimum Capital Adequacy Measure of 9% for RRBs

Dated 29th November 2013 Reserve Bank of India vide its notification no. RBI/2013-14/382 dated November 26, 2013 issued to All Regional Rural Banks stated that: The risk weighted assets ratio system as the basis of assessment of Capital Adequacy which … Continue reading

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Charges Levied by Banks for Sending SMS Alerts

KnG13112903 Dated 29th November 2013 Reserve Bank of India vide its notification no. RBI/2013-14/381 dated November 26, 2013 issued to All Scheduled Commercial Banks (Excluding RRBs) notified that: Refer to paragraph 37 of the Second Quarter Review of Monetary Policy … Continue reading

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Amendment in Notification no. 30/2004-CE dated 9th July 2004 regarding Custom Duty on Jute Products imported from Bangladesh

Dated 29th November 2013 Government of India, Ministry of Finance (Department of Revenue) vide its notification no. No. 113/2013-Customs (N.T.) dated 27th November, 2013 stated the following: WHEREAS the Jute products falling under headings 5310 and 6305 of the First Schedule to the … Continue reading

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Securities and Exchange Board of India : Investments by FIIs/QFIs in Credit Enhanced Bonds

Dated 29th November 2013 Securities and Exchange Board of India vide its circular no. CIR/IMD/FIIC/ 19 /2013 dated November 28, 2013 clarified the following: On September 10, 2012, Government of India decided to permit Foreign Institutional Investors (FIIs) to invest … Continue reading

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Security and Risk Mitigation Measures for Card Present Transactions

Dated 28th November 2013 Reserve Bank of India vide its notification no. RBI / 2013 -14/380 dated November 26, 2013 issued to The Chairmen and Managing Directors / Chief Executive Officers of All Scheduled Commercial Banks including RRBs / Urban … Continue reading

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Classification of Priority Sector Lending

Dated 28th November 2013 Reserve Bank of India vide its notification no. RBI/2013-14/379 dated November 25, 2013 issued to The Chairmen/ Managing Directors/ Chief Executive Officers of All scheduled commercial banks (excluding Regional Rural Banks) stated that: Refer to the … Continue reading

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Financing of Infrastructure – Definition of ‘Infrastructure Lending’

Dated 28th November 2013  Reserve Bank of India vide its notification no. RBI/2013-14/378 dated November 25, 2013 issued to All Scheduled Commercial Banks (excluding RRBs) and All India Term-Lending and Refinancing Institutions (EXIM Bank, NABARD, NHB and SIDBI) stated that: … Continue reading

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