RBI/2025-26/62 DoR.SOG (DEA Fund) No.37/30.01.002/2025-26 June 25, 2025 Madam / Dear Sir The Depositor Education and Awareness (DEA) Fund Scheme, 2014 – Revised Operational Guidelines The Depositor Education and Awareness (DEA) Fund Scheme, 2014, prescribes the process to be followed by the banks for transfer to and claim of the amounts transferred to DEA Fund, including submission of various returns. 2. Instructions have been issued to banks from time to time in ...

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RBI/2025-26/61 DOR.LIC.REC.36/16.13.218/2025-26 June 20, 2025 All Small Finance Banks Madam/ Dear Sir, Review of Priority Sector Lending norms - Small Finance Banks Please refer to the‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014and the‘Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector’ released by Reserve Bank on December 5, 2019. In terms of paragraph II (9) of the a...

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RBI/2025-26/60 DOR.AML.REC.35/14.06.001/2025-26 June 19, 2025 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Addition of 01 Entry Please refer to paragraph 51 of the RBIMaster Direction on Know Your Customer dated February 25, 2016as amended on June 12, 2025 (MD on KYC), in terms of which “Regulated Entities (REs) shall ens...

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Reserve Bank of India (Project Finance) Directions, 2025 I. Introduction II. Preliminary A. Preamble B. Powers Exercised C. Short Title and Commencement D. Effective Date E. Applicability F. Definitions III. General Guidelines G. Phases of Projects H. Prudential Conditions Related to Sanction I. Prudential Conditions Related to Disbursement and Monito...

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RBI/2025-26/58 DOR.AML.REC.33/14.06.001/2025-26 June 16, 2025 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Removal of 01 Entry Please refer to Paragraph 51 of the RBIMaster Direction on Know Your Customer dated February 25, 2016as amended on June 12, 2025 (MD on KYC), in terms of which “Regulated Entities (REs) shall e...

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RBI/2025-26/57 CO.DGBA.GBD.No.S168/31-12-011/2025-2026 June 16, 2025 All Agency Banks Madam /Dear Sir, Review of instructions issued vide Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission Please refer to ourMaster Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated April 01, 2025related to claiming of agency commission. 2. The agency commission rates have been since reviewed and stands...

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RBI/FMRD/2025-26/137 FMRD.MIOD.No.02/14.03.027/2025-26 June 16, 2025 To All operators of Electronic Trading Platforms Madam / Sir, Master Direction – Reserve Bank of India (Electronic Trading Platforms) Directions, 2025 Please refer to Paragraph 1 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary Policy Statement for 202324 dated February 08, 2024, on review of the regulatory framework...

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RBI/2025-26/56 FIDD.CO.GSSD.BC.No.07/09.09.001/2025-26 June 16, 2025 The Chairman/ Managing Director / Chief Executive Officer All Scheduled Commercial Banks (including Small Finance Banks) Madam/ Dear Sir, Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)...

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RBI/2025-26/55 A.P. (DIR Series) Circular No. 07 June 13, 2025 All Authorised Dealer Category-I banks Madam / Sir, Import of Shipping Vessel - Relaxation Attention of Authorised Dealer (AD) Category - I banks is invited to Para C.1 ofMaster Direction – Import of Goods and Services (MD-Imports) dated January 01, 2016. 2. With a view towards enhancing ease of doing business and keeping in view the sector-specific constraints, it has been decided to allow importers to...

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RBI/2025-26/54 IDMD.RD.S390/10.18.060/2025-26 June 12, 2025 All Market Participants Madam/Sir, Stripping/Reconstitution in State Government Securities Please refer to paragraph No.1 of theStatement on Developmental and Regulatory Policies announced on August 07, 2019on the proposal to introduce stripping/reconstitution facility for State Development Loans1(SDLs), in consultation with the respective State Governments. 2. Based on consultation with the individual Sta...

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RBI/2025-26/52 DOR.SOG(LEG).REC/32/09.08.024/2025-26 June 12, 2025 All Commercial Banks (including RRBs) and all Co-operative Banks Madam/ Dear Sir Inoperative Accounts/ Unclaimed Deposits in Banks - Revised Instructions (Amendment) 2025 As per instructions, issued videcircular DOR.SOG (LEG).REC/64/09.08.024/2023-24 dated January 1, 2024(hereinafter called the extant instructions), the credit balance in any deposit account maintained with banks, which have not been operated...

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RBI/2025-26/53 DOR.AML.REC.31/14.01.001/2025-26 June 12, 2025 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/ Madam, Updation/ Periodic Updation of KYC – Revised Instructions Please refer to instructions on updation/ periodic updation of KYC as contained in paragraph 38 ofMaster Direction - Know Your Customer (KYC) Direction, 2016 dated February 25, 2016(as amended from time to time). 2. The Reserve Bank has observed a large pendency in periodic up...

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RBI/2025-26/51 DOR.AML.REC.30/14.01.001/2025-26 June 12, 2025 Reserve Bank of India (Know Your Customer (KYC)) (Amendment) Directions, 2025 Reserve Bank had issuedReserve Bank of India (Know Your Customer (KYC)) Directions, 2016(hereinafter referred to as Master Direction) in compliance of the provisions of the PML Act, 2002 and the Rules made thereunder. There is a need to further amend the same in order to enhance consumer protection and service. 2. Accordingly, in exercise ...

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RBI/2025-26/50 DOR.STR.REC.29/21.06.008/2025-26 June 09, 2025 All Scheduled Commercial Banks (including Small Finance Banks) (excluding Local Area Banks, Payments Banks and Regional Rural Banks) Dear Sir/ Madam, Basel III Capital Regulations - External Credit Assessment Institution (ECAI) Please refer to paragraph 6.1.2 of theMaster Circular No. DOR.CAP.REC.2/21.06.201/2025-26 dated April 1, 2025onBasel III Capital Regulations, wherein the list of domestic credit rating a...

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RBI/2025-26/49 DoR.CRE.REC.28/07.10.002/2025-26 June 9, 2025 Primary (Urban) Co-operative Banks other than Salary Earners’ Banks Madam / Dear Sir, Non-achievement of PSL targets – Prudential treatment of contribution towards eligible funds with NABARD, NHB, SIDBI and MUDRA Ltd. A. Exemption from exposure norms In terms of para 2.1 ofcircular DOR (PCB).BPD.Cir No.10/13.05.000/2019-20 dated March 13, 2020on ‘Limits on exposure to single and group borrowers/part...

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RBI/2025-26/48 DOR.CRE.REC.27/21.01.003/2025-26 June 9, 2025 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam / Dear Sir, Large Exposures Framework – Amendment in the list of exempted exposures Please refer to paragraph 3.1 of the Annex to thecircular DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019on ‘Large Exposures Framework’ (LEF) in terms of which “deposits maintained with NABARD on account of shortfall in achieve...

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RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 10 (R)(6)/2025-RB April 29, 2025 Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Sixth Amendment) Regulations, 2025 In exercise of the powers conferred by section 9 and clause (e) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendment in...

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RBI/2025-26/47 DOR.CRE.REC.26/21.01.023/2025-26 June 6, 2025 Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025 CLICK ON THE LINK FOR MORE UPDATES...

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RBI/2025-26/46 DoR.RET.REC.23/12.01.001/2025-26 June 06, 2025 All banks, Madam / Sir, Maintenance of Cash Reserve Ratio (CRR) Please refer to ourcircular DoR.RET.REC.52/12.01.001/2024-25 dated December 06, 2024and relative notification on the captioned subject. 2. As announced in theGovernor’s Statement dated June 06, 2025, it has been decided to reduce the Cash Reserve Ratio (CRR) of all banks by 100 basis points in four equal tranches of 25 basis points each to 3...

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RBI/2025-26/45 DoR.RET.REC.22/12.01.001/2025-26 June 06, 2025 All banks, Madam / Sir, Penal Interest on shortfall in CRR and SLR requirements - Change in Bank Rate Please refer to Chapter VIII ofMaster Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions – 2021as well as ourcircular DoR.RET.REC.16/12.01.001/2025-26 dated April 09, 2025on the captioned subject. 2. As announced in theMonetary Policy Statement...

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RBI/2025-26/44 DoR.FIN.REC.25/03.10.038/2025-26 June 06, 2025 All Non-Banking Financial Companies - Microfinance Institutions Dear Sir/ Madam, Review of Qualifying Assets Criteria Please refer to paragraph 8.1 of theMaster Direction - Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022 dated March 14, 2022which prescribes Qualifying Assets Criteria for Non-Banking Financial Companies - Microfinance Institutions. On a review, it has been ...

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RBI/2025-26/43 REF.No.MPD.BC.400/07.01.279/2025-26 June 6, 2025 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in thebi-monthly Monetary Policy Statement, 2025-26today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 6.00 per cent to 5.50 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided t...

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RBI/2025-26/42 FMOD.MAOG.No.152/01.01.001/2025-26 June 06, 2025 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility - Change in rates As announced in theMonetary Policy Statement dated June 06, 2025, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 6.00 per cent to5.50 per centwith immediate effect. 2. Consequently...

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RBI/2025-26/41 DoR.RET.REC.21/12.07.160/2025-26 May 27, 2025 All Banks, Madam / Sir, Inclusion of “The Vishweshwar Sahakari Bank Ltd., Pune” in the Second Schedule of the Reserve Bank of India Act, 1934 It is advised that “The Vishweshwar Sahakari Bank Ltd., Pune” has been included in the Second Schedule of the Reserve Bank of India Act, 1934 vide Notification DoR.REG./LIC.No.S75/08.27.300/2025-26 dated April 07, 2025 and published in the Gazet...

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RBI/2025-26/40 A.P. (DIR Series) Circular No. 06 May 23, 2025 To All Category – I Authorised Dealer Banks Madam / Sir Reporting on FIRMS portal – Issuance of Partly Paid Units by Investment Vehicles Attention of Authorised Dealer (AD) Category - I banks is invited to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (hereinafter referred as ‘Rules’), notified by the Central Government on October 17, 2019, which have been amend...

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RBI/2025-26/39 FIDD.CO.GSSD.BC.No 06/09.16.003/2025-26 May 21, 2025 The Chairman/ Managing Director/Chief Executive Officer All Scheduled Commercial Banks & Small Finance Banks Madam/ Dear Sir, Withdrawal of Master Circular on Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) and related circulars The Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) has officially concluded on September 30, 2024. C...

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RBI/2025-26/38 DoR.RET.REC.20/12.07.160/2025-26 May 21, 2025 All Banks, Madam / Sir, Alteration in the name of “North East Small Finance Bank Limited” to “slice Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934 It is advised that the name of “North East Small Finance Bank Limited” has been changed to “slice Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India...

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RBI/2025-2026/37 A.P. (DIR Series) Circular No. 05/2025-26 May 16, 2025 All Category – I Authorised Dealer Banks Madam / Sir Exim Bank’s GOI-supported Line of Credit (LOC) for USD 700 million to the Govt. of Mongolia (GO-MNG), for financing construction of Crude Oil Refinery Plant in Mongolia Export-Import Bank of India (Exim Bank) has entered into an agreement dated January 16, 2025, with the Government of Mongolia (GO-MNG), for making available to the latt...

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RBI/2025-26/35 FMRD.FMD.No.01/14.01.006/2025-26 May 08, 2025 To, All Authorised Persons Madam/Sir, Investments by Foreign Portfolio Investors in Corporate Debt Securities through the General Route – Relaxations Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to theForeign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from time to time; and theMa...

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1. Introduction This Framework for Formulation of Regulations (hereinafter referred to as ‘the Framework’) lays down the broad principles for formulation and amendment of Regulations by the Reserve Bank of India (hereinafter referred to as "the Bank"). The Framework seeks to standardize the process of making Regulations in a transparent and consultative manner after conducting impact analysis, as may be feasible. 2. Definition: (1) For the purpose of this Framewo...

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