WHAT's LATEST -

• Banking Regulation (Amendment) And Miscellaneous Provisions Ordinance, 2004 ... dtd 24/09/2004

• Press notes issued by the PIB ... dtd. 7/2/2004

ACTS -

• Banks and Financial Institutions Bill, 2001

GUIDELINES -

• Guidelines on compliance with Accounting Standards (AS) by banks
• Real Time Gross Settlement System - NEW
• Revised guidelines for compromise settlement of chronic Non-Performing Assets (NPAs) of public sector banks upto Rs 10 crore
• Guidelines for acknowledgement of transfer / allotment of shares in private sector banks
• Prudential guidelines on banks’ investment in non-SLR securities
• Prudential guidelines on banks’ investment in non-SLR securities
• Guidelines for bank finance for PSU Disinvestments
• Guidelines on netting off of old and small value entries - Clearing Differences dtd. 20/10/2003
• Guidelines on netting off of old and small value entries - Clearing Differences dtd. 19/07/2003
• The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003
• Guidelines for recovery of dues relating to Non-Performing Assets (NPAs) of public sector banks
• Revised guidelines for compromise settlement of chronic Non-Performing Assets (NPAs) of public sector banks dated 23/5/2003
• Guidelines on Fair Practices Code for Lenders

NOTIFICATIONS -

• Annual Policy Statement for the year 2004-05 -Issue of Long-term Bonds by Banks
• Amalgamation/Merger of Non-Banking Finance Companies with Banks
• Loan against house property
• Valuation of investment in SLR/Approved Securities by RRBs
• Electronic Funds Transfer (EFT) Scheme and Electronic Clearing Service (ECS) – Processing Charges
• Bank financing of equities and investments in shares
• Collection of interest on SLR securities
• Opening of Current Accounts by banks - Need for discipline
• Declaration of dividend by Banks
• The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003
• Introduction of ECS (Credit) for Refunds of Income Tax
• Maximum Limit on advances – Limits on credit Exposure to Individual / group of borrowers - Computation of capital funds.
• Maintenance of CSGL accounts
• Reciprocal Line Facility

• Stockinvest Scheme

• Remittance of profit by foreign banks operating in India
• Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949
• Interest Rates on Advances – Prime Lending Rate and Spreads
• Offshore Banking Units (OBUs) in Special Economic Zones (SEZs)
• Special Financial Package for large value exports - Rupee credit interest rates

• Swarojgar Credit Card (SCC) Scheme

• Entry of banks into Insurance business
• Declaration of dividend by primary (urban) co-operative banks
• Guidelines on netting off of old and small value entries - Clearing differences
• Section 23 of Banking Regulation Act, 1949 - Providing Depository Services at Extension Counters
• Section 23 of Banking Regulation Act, 1949 – Take over of bank branches
• Nomination rules under Section 45QB of RBI Act for NBFC deposits
• Loans and advances to directors, relatives and firms / concerns in which they are interested dated June 21, 2003
• Investment Portfolio - Transactions in Securities - Audit Review and Reporting System - Modifications dated June 20, 2003

• The Government of India announced New 8% Savings (Taxable) Bonds 2003 Scheme effect from 21^st April, 2003 ... click here for full details

• The Government of India announced New 6.5% Savings (Non Taxable) Bonds 2003 scheme effect from 24th March 2003 .... click here for full details

• Accounting Standard - 11(Revised) on accounting for 'The effects of changes in foreign exchange rates'
• Guidelines on compliance with Accounting Standards (AS) by banks

  • Format for Disclosure under segment reporting-AS 17

  • Format for Related Party Disclosures as per Accounting Standard 18

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