Safe Deposit Locker/Safe Custody Article Facility provided by the banks - Revised Instructions
Posted Date : 19-Aug-2021 , 08:57:09 am | Posted By: CASANSAAR
RBI/2021-2022/86
DOR.LEG.REC/40/09.07.005/2021-22
August 18, 2021
All Scheduled Commercial Banks (including RRBs)
All Co-operative Banks
All Small Finance Banks
All Payments Banks
All Local Area Banks
Madam/Sir,
Safe Deposit Locker/Safe Custody Article Facility provided by the banks- Revised Instructions
Please refer to the extant instructions issued to Regulated Entities (REs) by the Reserve Bank on the above subject. Taking into consideration the various developments in the...
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RBI |
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Penalty on banks if Cash-out at any ATM of more than ten hours - RBI
Posted Date : 11-Aug-2021 , 10:21:20 am | Posted By: CASANSAAR
RBI/2021-22/84
DCM (RMMT) No.S153/11.01.01/2021-22
August 10, 2021
The Chairman /
Managing Director & CEO
All Banks
Dear Sir / Madam,
Monitoring of Availability of Cash in ATMs
As you are aware, the Reserve Bank of India has a mandate to issue banknotes and the banks are fulfilling this mandate by dispensing banknotes to the public through their wide network of branches and ATMs. In this connection, a review of downtime of ATMs due to cash-outs was undertaken and it was obs...
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RBI |
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Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation
Posted Date : 10-Aug-2021 , 07:49:11 am | Posted By: CASANSAAR
RBI/2021-22/82
DOR.RET.REC.36/12.01.001/2021-22
August 09, 2021
All Scheduled Banks
Madam/Sir
Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity
Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation
Please refer tocircular DOR.No.Ret.BC.36/12.01.001/2020-21 dated February 05, 2021, on Marginal Standing Facility (MSF), wherein the banks were allowed to avail of funds under the MSF by dipping into the Statutory Liquid...
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Enhancement of collateral free loans to Self Help Groups (SHGs) under DAY-NRLM from ₹10 lakh to ₹20 Lakh
Posted Date : 10-Aug-2021 , 07:45:47 am | Posted By: CASANSAAR
RBI/2021-22/83
FIDD.GSSD.CO.BC.No.09/09.01.003/2021-22
August 9, 2021
The Chairman/ Managing Director/Chief Executive Officer
Public Sector Banks
Private Sector Banks
(including Small Finance Banks)
Madam/Dear Sir,
Enhancement of collateral free loans to Self Help Groups (SHGs) under DAY-NRLM from ₹10 lakh to ₹20 Lakh
Please refer to theMaster Circular FIDD.GSSD.CO.BC.No.04/09.01.01/2021-22 dated April 1, 2021, on Deendayal Antyodaya Yojana - National Rural Livelihoods Mis...
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RBI |
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Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts
Posted Date : 07-Aug-2021 , 08:38:33 am | Posted By: CASANSAAR
RBI/2021-22/81
DOR.MRG.39/21.04.157/2021-22
August 06, 2021
All Banks
Madam / Dear Sir,
Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts
Please refer to paragraph 2.2 of ourcircular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008, in terms of which any change in any of the parameters of the original derivative contract would be treated as a restructuring.
2. In this context, it is clarified that change in the ter...
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RBI |
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Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised timelines for compliance
Posted Date : 07-Aug-2021 , 08:37:34 am | Posted By: CASANSAAR
RBI/2021-22/80
DOR.STR.REC.38/21.04.048/2021-22
August 6, 2021
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks
All All-India Financial Institutions
All Non-Banking Financial Companies (including Housing Finance Companies)
Madam / Dear Sir,
Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised t...
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RBI |
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Export Credit in Foreign Currency – Benchmark Rate
Posted Date : 07-Aug-2021 , 08:36:36 am | Posted By: CASANSAAR
RBI/2021-2022/79
DOR.DIR.REC.37/04.02.002/2021-22
August 6, 2021
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
All Primary (Urban) Co-operative Banks1
All Small Finance Banks
Dear Sir / Madam,
Export Credit in Foreign Currency – Benchmark Rate
Please refer toMaster Circular DBR.No.DIR.BC.14/04.02.002/2015-16 dated July 1, 2015on Rupee / Foreign Currency Export Credit and Customer Service to Exporters.
2. As per the extant guidelines, authorized deale...
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RBI |
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Guidelines for Implementation of the circular on Opening of Current Accounts by Banks
Posted Date : 05-Aug-2021 , 08:21:16 am | Posted By: CASANSAAR
RBI/2021-22/77
DOR.CRE.REC.35/21.04.048/2021-22
August 04, 2021
To,
All Scheduled Commercial Banks
All Payments Banks
Madam / Dear Sir,
Guidelines for Implementation of the circular on
Opening of Current Accounts by Banks
Please refer tocirculars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020,DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020andDOR.No.BP.BC.30/21.04.048/2020-21 dated December 14, 2020on Opening of Current Accounts by Banks - Need for Discipline....
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RBI |
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Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators
Posted Date : 04-Aug-2021 , 06:56:59 am | Posted By: CASANSAAR
RBI/2021-22/76
CO.DPSS.POLC.No.S-384/02.32.001/2021-2022
August 3, 2021
The Chairman / Managing Director / Chief Executive Officer
All Non-Bank Payment System Operators
Madam / Dear Sir,
Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators
The Payment System Operators (PSOs), by virtue of services they provide and the construct of models on which they operate, largely outsource their payment and settlement-related activities to vario...
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RBI |
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Accounting Standard to be followed by IFSC Banking Units (IBUs)
Posted Date : 31-Jul-2021 , 08:35:22 am | Posted By: CASANSAAR
Accounting Standard to be followed by IFSC Banking Units (IBUs) for the purpose of IFSCA regulatory reporting and compliance.
Adopting a uniform set of accounting standards is one of the essential steps towards achieving uniformity and enhanced international comparability in financial reporting....
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RBI |
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Rating of Deposits of HFCs – Approved Credit Rating Agencies and Minimum Investment Grade Credit Rating
Posted Date : 30-Jul-2021 , 08:55:26 am | Posted By: CASANSAAR
RBI/2021-22/74
DOR.FIN.REC.No.34/03.10.136/2021-22
July 29, 2021
All deposit taking Housing Finance Companies (HFCs)
Madam/ Dear Sir,
Rating of Deposits of HFCs – Approved Credit Rating Agencies and Minimum Investment Grade Credit Rating
A reference is invited to Para 25.2 ofMaster Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021, wherein the names of five approved credit rating agencies and their minimum invest...
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RBI |
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Access for Non-banks to Centralised Payment Systems - RBI
Posted Date : 29-Jul-2021 , 08:49:36 am | Posted By: CASANSAAR
RBI/2021-22/73
DPSS.CO.LVPD No.S290/04.04.009/2021-22
July 28, 2021
The Chairman / Managing Director / Chief Executive Officer
Authorised Non-bank Payment System Providers
Madam / Dear Sir,
Access for Non-banks to Centralised Payment Systems
A reference is invited to Paragraph 9 of theStatement on Developmental and Regulatory Policies dated April 07, 2021wherein it was announced that the Reserve Bank shall encourage participation of non-banks in Reserve Bank of India-operated Ce...
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RBI |
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Master Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021
Posted Date : 22-Jul-2021 , 09:48:25 am | Posted By: CASANSAAR
In exercise of the powers conferred by Section 35 A of the Banking Regulation Act, 1949 and pursuant to Section 42 of the Reserve Bank of India Act, 1934 and Sections 18, 24 and 56 of the Banking Regulation Act, 1949 as amended from time to time, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby, issues the Directions hereinafter specified....
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Extension of time limit for filing claims under the Transport and Marketing Assistance (TMA) Scheme
Posted Date : 15-Jul-2021 , 09:17:43 am | Posted By: CASANSAAR
Government of India
Ministry of Commerce and Industry
Department of Commerce
Udyog Bhavan, New Delhi
New Delhi
Public Notice No. 14/2015-2020 | Dated 13th July, 2021
Subject: Extension of time limit for filing claims under the Transport andMarketing Assistance (TMA) Scheme for specified agriculturalproducts.
In exercise of powers conferred under paragraph 2.04 of theForeign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade hereby makes the f...
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DGFT |
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Cassette - Swaps in ATMs - RBI
Posted Date : 15-Jul-2021 , 09:14:37 am | Posted By: CASANSAAR
RBI/2021-22/71
DCM (Plg.) No.S39/10.25.007/2021-22
July 12, 2021
The Chairman / Managing Director & Chief Executive Officer
All Scheduled Commercial Banks including RRBs
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks.
Madam / Dear Sir,
Cassette - Swaps in ATMs
Please refer to ourcircular RBI/2017-18/162/DCM (Plg.) No.3641/10.25.007/2017-18 dated April 12, 2018on the captioned subject wherein banks were advised to consider using lo...
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RBI |
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Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation
Posted Date : 10-Jul-2021 , 09:36:51 am | Posted By: CASANSAAR
RBI/2021-22/70
DoR.ORG.REC.31/21.06.017/2021-22
July 9, 2021
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks
Dear Sir,
Mandatory Leave for Employees Posted in
Sensitive Positions or Areas of Operation
Please refer to ourcircular DBR.No.BP.BC.88/21.04.048/2014-15 dated April 23, 2015, advising banks to implement a ‘Mandatory L...
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RBI |
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New Definition of Micro, Small and Medium Enterprises - Addition of Retail and Wholesale Trade
Posted Date : 08-Jul-2021 , 08:44:55 am | Posted By: CASANSAAR
RBI/2021-2022/67
FIDD.MSME & NFS.BC.No.13/06.02.31/2021-22
July 7, 2021
The Chairman/ Managing Director/Chief Executive Officer
All Commercial Banks
(including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks
/ District Central Co-operative Banks
All-India Financial Institutions
All Non-Banking Financial Companies
Dear Sir/Madam,
New Definition of Micro, Small and Medium Enterprises - Addition o...
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RBI |
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CBDT allows manual filing of Form 15CA/15CB till 15th July 2021
Posted Date : 06-Jul-2021 , 09:25:38 am | Posted By: CASANSAAR
Ministry of Finance
CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB
Posted On: 05 JUL 2021
As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorised dealer for any foreign remittance.
In view of the difficulties rep...
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CBDT |
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Review of Instructions on Interest on overdue domestic deposits
Posted Date : 03-Jul-2021 , 07:59:48 am | Posted By: CASANSAAR
RBI/2021-22/66
DoR.SPE.REC.29/13.03.00/2021-2022
July 02, 2021
All Scheduled Commercial Banks (including RRBs)
All Small Finance Banks
All Local Area Banks
All Primary (Urban) Co-operative Banks/ District Central Co-operative Banks/ State Co-operative Banks
Dear Sir / Madam,
Review of Instructions on Interest on overdue domestic deposits
Please refer to Section 9 (b) ofMaster Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 3, 2016, an...
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RBI |
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Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension
Posted Date : 02-Jul-2021 , 09:36:12 am | Posted By: CASANSAAR
RBI/2021-22/65
DOR.CRE(DIR).REC.28/04.02.001/2021-22
July 1, 2021
All Scheduled Commercial Banks (excluding RRBs),
Small Finance Banks, Primary (Urban) Cooperative Banks
and EXIM Bank
Dear Sir / Madam,
Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension
Please refer to the instructions issued videcircular DOR.CRE.REC.06/04.02.001/2021-22 dated April 12, 2021.
2. Government of India has approved the extension of Interest Equalization Scheme f...
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RBI |
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IEC modification / updation date extended up to 31st July 2021
Posted Date : 02-Jul-2021 , 09:33:00 am | Posted By: CASANSAAR
Government of India
Ministry of Commerce & Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi -110 011
New Delhi
Notification No. 11/2015-2020 | Dated: 1st July, 2021
Subject: Extension in period of modification of IEC till 31.07.2021 and waiver of fees for IEC updation during July, 2021– reg.
In exercise of powers conferred by Section 3 read with Section 5 of the FTD(D&R) Act, 1992 , read with paragraph 1 02 and 2.01 of the F...
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Category :
Corporate Laws |
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Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 - MCA
Posted Date : 01-Jul-2021 , 09:30:34 am | Posted By: CASANSAAR
In continuation of this Ministry’s General Circular No.07/2021 dated 03.05.2021 on the captioned subject cited and after due examination of the requests received from stakeholders, it has been decided to substitute the figures “31.05.2021” and “01.06.2021” wherever they appear in the said circular with the figures “31.07.2021” and 01.08.2021″ respectively....
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Corporate Laws |
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Relaxation on levy of additional fees in filing of certain Forms under the Companies Act, 2013 and LLP Act 2008 - MCA
Posted Date : 01-Jul-2021 , 09:29:06 am | Posted By: CASANSAAR
In continuation to this Ministry’s General Circular No.06/2021 dated 03.05.2021 and on account of requests for further extension of timelines specified in the said Circular, it has been decided to grant additional time upto 31st August, 2021 to companies/UPs to file forms under the Companies Act, 2013/ LLP Act, 2008 (other than a CH6-1 Form, CH6-4 Form and CH6-9 Form) which were/are due for filing during 1st April, 2021 to 31st July, 2021 without any additional fees. Accordingly, only norm...
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Corporate Laws |
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Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks - RBI
Posted Date : 29-Jun-2021 , 08:21:32 am | Posted By: CASANSAAR
RBI/2021-22/64
DOR.ORG.REC.27/21.04.158/2021-22
June 28, 2021
The Chief Executive Officer
All Co-operative Banks
Madam / Dear Sir,
Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks
It is observed that the co-operative banks are increasingly using outsourcing as a means for reducing costs as well as for availing specialist expertise, where these are not available internally.
2. While it is entirely the banks’ prerogative to take a vi...
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RBI |
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Appointment of Managing Director (MD) / Whole-Time Director (WTD) in Primary (Urban) Co-operative Banks
Posted Date : 26-Jun-2021 , 08:53:31 am | Posted By: CASANSAAR
RBI/2021-22/60
DOR.GOV.REC.25/12.10.000/2021-22
June 25, 2021
The Chairman / Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Appointment of Managing Director (MD) / Whole-Time Director (WTD) in Primary (Urban) Co-operative Banks
In terms of powers conferred under Sections 10, 10B, 10BB, 35A, 35B, 36AA and 53A (read with Section 56) of the Banking Regulation Act, 1949 (as amended), hereinafter called as “Act”, relat...
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RBI |
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Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021
Posted Date : 26-Jun-2021 , 08:52:46 am | Posted By: CASANSAAR
RBI/2021-22/61
FMRD.DIRD.06/14.01.001/2021-22
June 25, 2021
To
All Eligible Market Participants
Madam / Sir
Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021
Please refer to theMaster Direction – Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021 dated April 01, 2021(hereinafter referred as ‘Master Directions’).
2. On a review based on representations received, the prudential borrowing limits for transac...
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RBI |
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Appointment of Chief Risk Officer in Primary (Urban) Co-operative Banks
Posted Date : 26-Jun-2021 , 08:52:06 am | Posted By: CASANSAAR
RBI/2021-2022/62
DOR.CRE(DIR).REC.26/21.04.103/2021-22
June 25, 2021
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam/ Dear Sir,
Appointment of Chief Risk Officer in Primary (Urban) Co-operative Banks
With increasing size and scope of business, Primary (Urban) Co-operative Banks (UCBs) are gradually getting exposed to greater degree of risks. It is, therefore, necessary that every UCB focuses its attention on putting in place appropriate risk management m...
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RBI |
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New Definition of Micro, Small and Medium Enterprises - RBI
Posted Date : 26-Jun-2021 , 08:49:48 am | Posted By: CASANSAAR
RBI/2021-2022/63
FIDD.MSME & NFS.BC.No.12/06.02.31/2021-22
June 25, 2021
The Chairman/ Managing Director/Chief Executive Officer
All Commercial Banks
(including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks
/ District Central Co-operative Banks
All-India Financial Institutions
All Non-Banking Financial Companies
Dear Sir/Madam,
New Definition of Micro, Small and Medium Enterprises
Please r...
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Category :
RBI |
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Declaration of dividends by NBFCs - RBI
Posted Date : 25-Jun-2021 , 08:16:36 am | Posted By: CASANSAAR
RBI/2021-22/59
DOR.ACC.REC.No.23/21.02.067/2021-22
June 24, 2021
All Non-Banking Financial Companies (NBFCs)
Madam / Sir,
Declaration of dividends by NBFCs
In order to infuse greater transparency and uniformity in practice, it has been decided to prescribe guidelines on distribution of dividend by NBFCs.
Applicability
2. These guidelines shall be applicable to all NBFCs regulated by RBI1as below:
(a) Applicable NBFCs as defined in Paragraph 2(2) ofNon-Banking Financial C...
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RBI |
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Gold (Metal) Loans – Repayment
Posted Date : 24-Jun-2021 , 09:36:46 am | Posted By: CASANSAAR
RBI/2021-22/58
DOR.CRE(DIR).REC.24/23.67.001/2021-22
June 23, 2021
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Madam / Dear Sir,
Gold (Metal) Loans – Repayment
Please refer to instructions issued videcirculars DBOD.No.IBS.1519/23.67.001/98-99 dated December 31, 1998,DBOD.No.IBS.3161/23.67.001/98-99 dated June 25, 1999,DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005,DBOD.No.IBD.BC.71/23.67.001/2006-07 dated April 3, 2007andDBOD.No.IBD.BC.104/...
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RBI |
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