Regulation of Payment Aggregator
Posted Date : 01-Nov-2023 , 07:42:43 am | Posted By: CASANSAAR
RBI/2023-24/80
CO.DPSS.POLC.No.S-786/02-14-008/2023-24
October 31, 2023
All Payment System Providers and Payment System Participants
Madam / Dear Sir,
Regulation of Payment Aggregator – Cross Border (PA - Cross Border)
A reference is invited to the Reserve Bank of India (RBI) circulars on –
‘Guidelines on Regulation of Payment Aggregators and Payment Gateways’ – (a)DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020and (b)CO.DPSS. POLC...
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RBI |
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Banking Regulation (Amendment) Act 2020 - Change in Name of Co-operative Banks
Posted Date : 31-Oct-2023 , 06:56:34 am | Posted By: CASANSAAR
RBI/2023-24/79
DoR.REG/LIC.No.55/07.01.000/2023-24
October 30, 2023
Chairman / Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks
All State Co-operative Banks and
All District Central Co-operative Banks
Madam / Dear Sir
Banking Regulation (Amendment) Act 2020 - Change in Name of Co-operative Banks
Pursuant to the notification of the Banking Regulation (Amendment) Act (No. 39 of 2020), Sections 49B and 49C of Banking Regulation Act, 1949 (‘...
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RBI |
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Guidelines on Closure of Branches and Extension Counters by DCCBs - RBI
Posted Date : 31-Oct-2023 , 06:55:20 am | Posted By: CASANSAAR
RBI/2023-24/78
DoR.REG/LIC.No.54/19.51.052/2023-24
October 30, 2023
Madam / Sir
Clarification regarding Shifting of Branches/Offices/Extension Counters within the same city, town or village by District Central Co-operative Banks (DCCBs) and Guidelines on Closure of Branches and Extension Counters by DCCBs
Pursuant to the amendment to the Banking Regulation Act (No.39 of 2020) dated September 29, 2020, District Central Co-operative Banks (DCCBs) are permitted to open new place of bus...
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RBI |
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MCA Notifies Mandatory Dematerialisation for Securities of Private Companies
Posted Date : 30-Oct-2023 , 08:09:55 am | Posted By: CASANSAAR
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 27th October, 2023
G.S.R. 802(E).—In exercise of the powers conferred by section 29 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Prospectus and Allotment of Securities) Rules, 2014, namely:-
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Corporate Laws |
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Joining the Account Aggregator Ecosystem as Financial Information User
Posted Date : 27-Oct-2023 , 11:39:31 am | Posted By: CASANSAAR
RBI/2023-24/77
DoR.FIN.REC.53/03.10.123/2023-24 October 26, 2023
All Regulated Entities of the Bank
Dear Sir/ Madam,
Joining the Account Aggregator Ecosystem as Financial Information User
Please refer to theMaster Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016.
2. It has been observed that certain entities, which are eligible to join Account Aggregator (AA) ecosystem as Financial Information Provider ...
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RBI |
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Review of Financial Information Provider (FIP) under Account Aggregator Framework
Posted Date : 27-Oct-2023 , 11:35:07 am | Posted By: CASANSAAR
RBI/2023-24/76
DoR.FIN.REC.52/03.10.123/2023-24 October 26, 2023
All Regulated Entities of the Bank
Madam/ Dear Sir,
Review of Financial Information Provider (FIP) under Account Aggregator Framework
Please refer to the paragraph 3(1)(xi) ofMaster Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016defining the term ‘Financial Information Provider’.
2. As per National Pension System (NPS) architect...
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RBI |
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Strengthening of customer service rendered by Credit Information Companies and Credit Institutions
Posted Date : 27-Oct-2023 , 11:30:28 am | Posted By: CASANSAAR
RBI/2023-24/73
DoR.FIN.REC.49/20.16.003/2023-24 October 26, 2023
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks, and excluding Payments Banks)
All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co-operative Banks
All Non-Banking Financial Companies (including Housing Finance Companies)
All-India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID)
All Asset Reconstructions Compan...
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RBI |
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Review of Instructions on Bulk Deposits for Regional Rural Banks (RRBs)
Posted Date : 27-Oct-2023 , 11:22:43 am | Posted By: CASANSAAR
RBI/2023-24/75
DoR.SPE.REC.50/13.03.00/2023-2024 October 26, 2023
All Regional Rural Banks
Sir / Madam,
Review of Instructions on Bulk Deposits for Regional Rural Banks (RRBs)
Please refer to Para 3 (a) (i) ofMaster Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 3, 2016, in terms of which “Bulk Deposit” means:
Single Rupee term deposits of Rupees two crore and above for Scheduled Commercial Ban...
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RBI |
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Non-Callable Deposits - Master Direction on Interest Rate on Deposits
Posted Date : 27-Oct-2023 , 11:19:17 am | Posted By: CASANSAAR
RBI/2023-24/74
DOR.SPE. REC. No 51/13.03.000/2023-24 October 26, 2023
Non-Callable Deposits - Master Direction on Interest Rate on Deposits
Please refer to the instructions contained in Section 7 of theMaster Direction (MD) on Interest Rate on Deposits dated March 03, 2016andMaster Direction - Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016 dated May 12, 2016. In terms of these instructions, banks have been permitted to offer do...
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RBI |
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Framework for compensation to customers for delayed updation/ rectification of credit information
Posted Date : 27-Oct-2023 , 11:14:02 am | Posted By: CASANSAAR
RBI/2023-24/72
DoR.FIN.REC.48/20.16.003/2023-24 October 26, 2023
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks, and excluding Payments Banks)
All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co-operative Banks
All Non-Banking Financial Companies (including Housing Finance Companies)
All-India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID)
All Asset Reconstruction ...
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RBI |
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Master Direction
Posted Date : 19-Oct-2023 , 09:44:50 pm | Posted By: CASANSAAR
RBI/DoR/2023-24/105
DoR.FIN.REC.No.45/03.10.119/2023-24
October 19, 2023
Master Direction – Reserve Bank of India (Non-Banking Financial Company– Scale Based Regulation) Directions, 2023
The Reserve Bank of India, having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Reserve Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any Non-Banking Financial Company from bein...
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RBI |
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Amendment to the Master Direction (MD) on KYC - RBI
Posted Date : 17-Oct-2023 , 08:05:13 pm | Posted By: CASANSAAR
RBI/2023-24/69
DOR.AML.REC.44/14.01.001/2023-24
October 17, 2023
The Chairpersons/ CEOs of all the Regulated Entities
Dear Sir / Madam,
Amendment to the Master Direction (MD) on KYC
Please refer to theMaster Direction (MD) on KYC dated February 25, 2016, as amended from time to time, in terms of which Regulated Entities (REs) have to undertake Customer Due Diligence (CDD), as per the process laid out therein, for their customers.
2. In this regard, on a review, it has been dec...
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RBI |
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Reverse Repo transactions - Reporting in Form
Posted Date : 17-Oct-2023 , 11:40:13 am | Posted By: CASANSAAR
RBI/2023-24/68
DoR.RET.REC.43/12.01.001/2023-24
October 16, 2023
The Chairperson / CEOs of all Commercial Banks
Madam / Dear Sir,
Reverse Repo transactions - Reporting in Form ‘A’ Return
Please refer to Form A Return in theMaster Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021(updated as on September 25, 2023) regarding the reporting of Reverse Repo transactions by Commercial Banks.
2. In order to b...
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PAN |
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Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs)
Posted Date : 11-Oct-2023 , 09:59:57 pm | Posted By: CASANSAAR
RBI/2023-24/67
Ref. No.DoS.CO.PPG/SEC.05/11.01.005/2023-24
October 10, 2023
All Deposit Taking Government NBFCs
All Non-Deposit Taking Government NBFCs in Middle, Upper and Top Layers
Dear Sir / Madam
Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs) – Extension to Government NBFCs
Reserve Bank of India introducedPCA Framework for NBFCson December 14, 2021. The Framework has since been reviewed and it has been decided to extend the same t...
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RBI |
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Gold Loan
Posted Date : 10-Oct-2023 , 07:24:27 am | Posted By: CASANSAAR
RBI/2023-24/66
DOR.CRE.REC.42/07.10.002/2023-24
October 6, 2023
Primary (Urban) Co-operative Banks other than Salary Earners’ Banks
Madam / Dear Sir,
Gold Loan – Bullet Repayment – Primary (Urban) Co-operative Banks (UCBs)
Please refer to thecircular UBD.BPD.(PCB).Cir.No.25/13.05.001/2014-15 dated October 30, 2014, in terms of which UCBs were permitted to extend gold loans up to ?2.00 lakh with bullet repayment option, subject to certain conditions.
2. Refere...
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RBI |
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Status of March 31, 2024 for Government transactions through integration with e-Kuber
Posted Date : 03-Oct-2023 , 07:47:39 pm | Posted By: CASANSAAR
RBI/2023-24/65
CO.DGBA.GBD.No.S646/42-01-029/2023-2024
October 03, 2023
All Agency Banks
Madam/Dear Sir,
Status of March 31, 2024 for Government transactions through integration with e-Kuber
The ‘e-Kuber’ which is the Core Banking Solution platform of RBI for Government and other payments does not process any Government transactions on Global holidays (which are 26th January, 15th August, 2nd October, all 2nd and 4th Saturdays of a month and on all Sundays). It is obs...
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RBI |
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Rs.2000 Denomination Banknotes
Posted Date : 02-Oct-2023 , 09:34:56 pm | Posted By: CASANSAAR
RBI/2023-24/64
DCM(Plg) No. S-1288/10.27.00/2023-24
September 30, 2023
The Chairman / Managing Director / Chief Executive Officer
All Banks
Madam / Dear Sir,
?2000 Denomination Banknotes – Withdrawal from Circulation – Review
A reference is invited to ourcirculars DCM(Plg)No.S-236/10.27.00/2023-24 dated May 19, 2023andDCM(Plg)No.S-239/10.27.00/2023-24 dated May 22, 2023on the subject.
2. Of the total value of ?3.56 lakh crore of ?2000 banknotes in circulation ...
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RBI |
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Display of information - Secured assets possessed under the SARFAESI Act, 2002
Posted Date : 30-Sep-2023 , 07:29:49 am | Posted By: CASANSAAR
RBI/2023-24/63
DoR.FIN.REC.41/20.16.003/2023-24
September 25, 2023
All Commercial Banks including Small Finance Banks, Local Area Banks and Regional Rural Banks and excluding Payment Banks
All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co-operative Banks
All India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID)
All Non-Banking Financial Companies including Housing Finance Companies
All Asset Reconstruction Companies
Dear Sir/ Madam
Di...
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RBI |
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CBDT issued Procedure for Income Tax Deduction Certificate Applications via TRACES
Posted Date : 29-Sep-2023 , 07:23:54 am | Posted By: CASANSAAR
Procedure, format and standards for filling an application for grant of certificate under sub-rule (4) and its proviso of Rule 28AA of Income Tax Rules, 1962, for deduction of Income-tax at any lower rate or no deduction ofIncome-tax under sub-section (I) of section 197 of the Income-tax Act, 1961 through TRACES-reg....
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CBDT |
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Display of information - Secured assets possessed under the SARFAESI Act, 2002
Posted Date : 26-Sep-2023 , 07:39:04 am | Posted By: CASANSAAR
RBI/2023-24/63
DoR.FIN.REC.41/20.16.003/2023-24
September 25, 2023
All Commercial Banks including Small Finance Banks, Local Area Banks and Regional Rural Banks and excluding Payment Banks
All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co-operative Banks
All India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID)
All Non-Banking Financial Companies including Housing Finance Companies
All Asset Reconstruction Companies
Dear Sir/ Madam
Di...
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RBI |
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Draft Master Direction on Treatment of Wilful Defaulters and Large Defaulters - RBI
Posted Date : 23-Sep-2023 , 07:44:36 am | Posted By: CASANSAAR
The Reserve Bank had introduced a scheme for handling wilful defaulters, effective from April 1, 1999. These guidelines were subsequently consolidated into theMaster Circular on Wilful Defaulters, last updated on July 1, 2015.
2. The instructions on wilful defaulters have been revised after a review of the extant instructions and consideration of various judgments/ orders from the Hon’ble Supreme Court and Hon’ble High Courts, as well as representations/ sugges...
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RBI |
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RBI
Posted Date : 21-Sep-2023 , 09:06:53 pm | Posted By: CASANSAAR
Master Direction - Reserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Operation of Investment Portfolio Norms and Resource Raising Norms for All India Financial Institutions) Directions, 2023...
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RBI |
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Data Quality Index for Commercial and Microfinance Segments by Credit Information Companies - RBI
Posted Date : 21-Sep-2023 , 08:16:03 am | Posted By: CASANSAAR
RBI/2023-24/62
DoR.FIN.REC.39/20.16.056/2023-24
September 20, 2023
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ Central Co-operative Banks
All-India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID)
All Non-Banking Financial Companies (including Housing Finance Companies)
All Asset Reconstruction Companies
All Credit Information Companies
Dear Sir/ Ma...
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RBI |
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Extension of timelines for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24
Posted Date : 19-Sep-2023 , 08:25:17 am | Posted By: CASANSAAR
Circular No. 16/2023 :?Extension of timelines for filing of Form 10B/10BB and Form ITR-7 for the Assessment Year 2023-24...
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Category :
Income Tax |
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Financial Inclusion Index for March 2023 - RBI
Posted Date : 16-Sep-2023 , 03:38:10 pm | Posted By: CASANSAAR
In consultation with the concerned stakeholders including the Government, the Reserve Bank of India had constructed a compositeFinancial Inclusion Index(FI-Index) to capture the extent of financial inclusion across the country, which was first published in August 2021 for the FY ending March 2021.
Index for the year ending March 2023 has since been prepared. The value of FI Index for March 2023 stands at60.1vis-à-vis56.4in March 2022, with growth witnessed across all sub-indices. Imp...
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RBI |
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Release of Movable / Immovable Property Documents on Repayment/ Settlement of Personal Loans - RBI
Posted Date : 14-Sep-2023 , 07:55:46 am | Posted By: CASANSAAR
RBI/2023-24/60
DoR.MCS.REC.38/01.01.001/2023-24
September 13, 2023
All Commercial Banks (including Small Finance Banks
and Regional Rural Banks, excluding Payments Banks)
All Local Area Banks
All Primary (Urban) Co-operative Banks
All State Co-operative Banks and District Central Co-operative Banks
All NBFCs (including HFCs)
All Asset Reconstruction Companies
Madam / Dear Sir,
Responsible Lending Conduct – Release of Movable / Immovable Property Documents on Repayment/ S...
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Category :
RBI |
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Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023
Posted Date : 13-Sep-2023 , 09:16:31 am | Posted By: CASANSAAR
Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023
The extant regulatory instructions on classification and valuation of investment portfolio by commercial banks, as contained in the Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2021, are largely based on a framework introduced in October 2000 drawing upon the then prevailing global standards and bes...
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RBI |
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Responsible Lending Conduct
Posted Date : 13-Sep-2023 , 09:12:18 am | Posted By: CASANSAAR
RBI/2023-24/60
DoR.MCS.REC.38/01.01.001/2023-24
September 13, 2023
All Commercial Banks (including Small Finance Banks
and Regional Rural Banks, excluding Payments Banks)
All Local Area Banks
All Primary (Urban) Co-operative Banks
All State Co-operative Banks and District Central Co-operative Banks
All NBFCs (including HFCs)
All Asset Reconstruction Companies
Madam / Dear Sir,
Responsible Lending Conduct – Release of Movable / Immovable Property Documents on Repayment/ S...
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Category :
RBI |
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0 | Hits : 1087
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Operation of Pre-Sanctioned Credit Lines at Banks through Unified Payments Interface (UPI)
Posted Date : 05-Sep-2023 , 07:49:40 am | Posted By: CASANSAAR
RBI/2023-24/58
CO.DPSS.POLC.No.S-567/02-23-001/2023-2024
September 04, 2023
The Managing Director / Chief Executive Officer
Scheduled Commercial Banks (excluding Payment Banks, Small Finance Banks and Regional Rural Banks)
Madam / Dear Sir,
Operation of Pre-Sanctioned Credit Lines at Banks through Unified Payments Interface (UPI)
Please refer to theStatement on Developmental and Regulatory Policies dated April 06, 2023, expanding the scope of UPI by enabling transfer to / from p...
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Category :
RBI |
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Enhancing transaction limits for Small Value Digital Payments in Offline Mode - RBI
Posted Date : 25-Aug-2023 , 08:10:18 am | Posted By: CASANSAAR
RBI/2023-24/57
CO.DPSS.POLC.No.S526/02-14-003/2023-24
August 24, 2023
The Chairman / Managing Director / Chief Executive Officer
Authorised Payment System Operators and Participants (Banks and Non-banks)
Madam / Dear Sir,
Enhancing transaction limits for Small Value Digital Payments in Offline Mode
This has reference to the Reserve Bank of Indiacircular CO.DPSS.POLC.No.S1264/02-14-003/2021-2022 dated January 03, 2022on “Framework for Facilitating Small Value Digital Paymen...
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RBI |
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