Notification & Circulars


Capital and Provisioning Requirements for Exposures to entities with Unhedged Foreign Currency Exposure-Clarifications

 Notification No#RBI/2013-14/620     03 June 2014

RBI/2013-14/620 DBOD.No.BP.BC.116/21.06.200/2013-14 June 3, 2014   The Chairman and Managing Director/ Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs and LABs)   Dear Sir,   Capital and Provisioning Requirements for Exposures to entitie..


Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax Act, 1961-UCBs

 Notification No#RBI/2013-14/619     30 May 2014

RBI/2013-14/619 UBD. CO. BPD. PCB. Cir. No. 67/09.50.001/2013-14 May 30, 2014 The Chief Executive Officers of All Primary (Urban) Co-operative Banks   Madam/ Dear Sir,   Deferred Tax Liability on Special Reserve created under Section 36(1) (viii) of the Income Tax ..


Income-tax 6th Amendment Rules, 2014

 Notification No#28     30 May 2014

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]   GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 30th day of May, 2014 Income-tax   ..

Posted in Income Tax  1 comments

Lending to Public Sector Undertakings

 Notification No#RBI/2013-14/615     28 May 2014

RBI/2013-14/615 UBD.CO.BPD.(PCB) Cir No. 66/13.05.000/2013-14 May 28, 2014   The Chief Executive Officers All Primary (Urban) Co-operative Banks   Madam / Dear Sir,   Lending to Public Sector Undertakings   It has been observed that a few Urban Cooper..


Lending to Public Sector Undertakings

 Notification No#RBI/2013-14/615     28 May 2014

RBI/2013-14/615 UBD.CO.BPD.(PCB) Cir No. 66/13.05.000/2013-14 May 28, 2014   The Chief Executive Officers All Primary (Urban) Co-operative Banks   Madam / Dear Sir,   Lending to Public Sector Undertakings   It has been observed that a few Urban Cooper..


Formation of new State of Telangana – Assignment of SLBC Convenorship

 Notification No#RBI/2013-14/617     28 May 2014

RBI/2013-14/617 RPCD.CO.LBS.No.13027/02.01.001/2013-14 May 28, 2014   The Chairman & Managing Director All SLBC Convenor banks   Dear Sir/Madam,   Formation of new State of Telangana – Assignment of SLBC Convenorship   As per The Gazette of ..


Crystallization of Inoperative Foreign Currency Deposits

 Notification No#RBI/2013-14/616     28 May 2014

RBI/2013-14/616 A.P. (DIR Series) Circular No.136 May 28, 2014   To All Category - I Authorised Dealer Banks   Madam / Sir,   Crystallization of Inoperative Foreign Currency Deposits   The Reserve Bank of India, in exercise of the powers conferred b..


Levy of foreclosure charges/pre-payment penalty on Floating Rate Term Loans

 Notification No#RBI/2013-14/612     27 May 2014

RBI/2013-14/612 RPCD.CO.RCBD.RRB.BC.No.102/07.51.013/2013-14 May 27, 2014   The Chairman All State and Central Co-operative Banks (StCBs and CCBs) All Regional Rural Banks (RRBs)   Dear Sir/Madam   Levy of foreclosure charges/pre-payment penalty on Floating Rat..


RRBs - Opening of Bank Accounts in the Names of Minors

 Notification No#RBI/2013-14/610     27 May 2014

RBI/2013-14/610 RPCD.CO.RRB.BC.No.104/03.05.33/2013-14 May 27, 2014   The Chairmen, All Regional Rural Banks   Dear Sir/Madam,   Opening of Bank Accounts in the Names of Minors   Please refer to para 4.10 of our circular RPCD.CO.RRB.BC.No.100/03...


Issue of Pre-paid Payment Instruments-UCBs

 Notification No#RBI/2013-14/607     27 May 2014

RBI/2013-14/607 UBD.CO.BPD.PCB.Cir. No. 65/09.69.000/2013-14 May 27, 2014   The Chief Executive Officers of All Primary (Urban) Co-operative Banks   Dear Sir / Madam,   Issue of Pre-paid Payment Instruments-UCBs   Please refer to circular UBD (PC..





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