Frequency of reporting of credit information by Credit Institutions to Credit Information Companies - RBI
Posted Date : 09-Aug-2024 , 11:07:19 am | Posted By: CASANSAAR
RBI/2024-25/60
DoR.FIN.REC.No.32/20.16.056/2024-25
August 08, 2024
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-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 Informa...
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RBI |
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Modified Interest Subvention Scheme for Short Term Loans for Agriculture & Allied Activities availed through Kisan Credit Card
Posted Date : 07-Aug-2024 , 07:28:18 am | Posted By: CASANSAAR
RBI/2024-25/59
FIDD.CO.FSD.BC.No.8/05.02.001/2024-25
August 06, 2024
The Chairman/Managing Director/Chief Executive Officer
All Public Sector Banks, Private Sector Banks and
Small Finance Banks
Madam/Dear Sir,
Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2024-25
Please refer to ourcircular FIDD.CO.FSD.BC.No.13/05.02.001/2022-23 dated November 23, 2022conveying the...
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RBI |
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Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2024-25
Posted Date : 06-Aug-2024 , 07:22:39 pm | Posted By: CASANSAAR
RBI/2024-25/59
FIDD.CO.FSD.BC.No.8/05.02.001/2024-25
August 06, 2024
The Chairman / Managing Director / Chief Executive Officer All Public Sector Banks, Private Sector Banks and Small Finance Banks
Madam/Dear Sir,
Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2024-25
Please refer to ourcircular FIDD.CO.FSD.BC.No.13/05.02.001/2022-23 dated November 23, 2022conveyi...
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RBI |
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Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks
Posted Date : 06-Aug-2024 , 07:19:48 pm | Posted By: CASANSAAR
RBI/2024-25/58
DOR.CAP.REC.No.27/09.18.201/2024-25
August 02, 2024
Dear Sir/ Madam,
Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks
As you are aware, under the provisions of the respective State Co-operative Societies Acts, or otherwise, on prudential consideration, several co-operative banks have created Bad and Doubtful Debt Reserve (BDDR)1. While in some cases, BDDR is created by recognising an expense in the Profit and Loss (P&L) Account, in o...
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RBI |
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RBI Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators
Posted Date : 30-Jul-2024 , 10:49:32 pm | Posted By: CASANSAAR
RBI/DPSS/2024-25/123
CO.DPSS.OVRST.No.S447/06-26-002/2024-25
July 30, 2024
The Chairman / Managing Director / Chief Executive Officer
Authorised Non-bank Payment System Operators
Madam / Dear Sir,
Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators
The safety and security of payment systems is a key objective of the Reserve Bank of India (RBI). To ensure that the authorised non-bank Payment System Operators (PSOs) are...
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RBI |
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RBI Guidelines on treatment of Dividend Equalisation Fund (DEF)- Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 30-Jul-2024 , 10:48:33 pm | Posted By: CASANSAAR
RBI/2024-25/57
DOR.CAP.REC.No.30/09.18.201/2024-25
July 30, 2024
Dear Sir/ Madam,
Guidelines on treatment of Dividend Equalisation Fund (DEF)- Primary (Urban) Co-operative Banks (UCBs)
Please refer toMaster Circular DOR.CAP.REC.5/09.18.201/2024-25 dated April 01, 2024on “Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs)”,Master Circular DoR.CRE.REC.71/07.10.002/2023-24 dated January 16, 2024on “Exposure Norms and Statutory / Other Res...
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RBI |
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RBI Master Direction on Treatment of Wilful Defaulters and Large Defaulters
Posted Date : 30-Jul-2024 , 10:47:27 pm | Posted By: CASANSAAR
RBI/DoR/2024-25/122
DoR.FIN.REC.No.31/20.16.003/2024-25
July 30, 2024
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 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 Informat...
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RBI |
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Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 27-Jul-2024 , 08:21:59 am | Posted By: CASANSAAR
RBI/2024-25/55
DOS.CO.PPG.SEC.No.8/11.01.005/2024-25
July 26, 2024
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs)
Please refer to thecircular DOR (PCB).BPD.Cir No.9/12.05.001/2019-20 dated January 6, 2020on the Supervisory Action Framework for Primary (Urban) Co-operative Banks (UCBs).
2. The existing Supervisory Action Framework (SAF) for UCBs has since been reviewed. Accordingly,...
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RBI |
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Small Value Loans – Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 25-Jul-2024 , 10:35:01 pm | Posted By: CASANSAAR
RBI/2024-25/53
DOR.CRE.REC.28/07.10.002/2024-25
July 25, 2024
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Small Value Loans – Primary (Urban) Co-operative Banks (UCBs)
Please refer to paras 2.2 and 2.2.1 of thecircular DOR (PCB).BPD.Cir No.10/13.05.000/2019-20 dated March 13, 2020, in terms of which, UCBs were required,inter alia, to have at least 50 per cent of their aggregate loans and advances comprising of Small Value Loans, i.e., loans of value not more th...
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RBI |
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Bank Finance against Shares and Debentures - RBI
Posted Date : 25-Jul-2024 , 10:34:07 pm | Posted By: CASANSAAR
RBI/2024-25/54
DOR.CRE.REC.29/07.10.002/2024-25
July 25, 2024
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Bank Finance against Shares and Debentures
Please refer to thecircular UBD.No.DS.PCB.CIR.16/13.05.00/2001-02 dated October 22, 2001and para 6.6.5 ofMaster Circular - Exposure Norms and Statutory / Other Restrictions – UCBs dated January 16, 2024, in terms of which Primary (Urban) Co-operative Banks (UCBs) were advised that the aggregate of their all loans a...
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RBI |
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Domestic Money Transfer – Review of Framework
Posted Date : 25-Jul-2024 , 08:30:35 am | Posted By: CASANSAAR
RBI/2024-25/52
CO.DPSS.POLC.No.S415/02.27.019/2024-25
July 24, 2024
The Chairman / Managing Director / Chief Executive Officer
Authorised Payment System Operators / Participants (Banks and Non-banks)
Madam / Dear Sir,
Domestic Money Transfer – Review of Framework
The framework for Domestic Money Transfer (DMT) was introduced in 2011, videRBI circular DPSS.PD.CO.No.622/02.27.019/2011-2012 dated October 5, 2011. There has been significant increase in the availability of bank...
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RBI |
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Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies)
Posted Date : 16-Jul-2024 , 07:47:35 am | Posted By: CASANSAAR
RBI/DOS/2024-25/120
DOS.CO.FMG.SEC.No.7/23.04.001/2024-25
July 15, 2024
The Chairman / Managing Director / Chief Executive Officer
All Non-Banking Financial Companies (including Housing Finance Companies)
Madam / Dear Sir,
Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies)
Please find enclosed asAnnex‘Reserve Bank of India (Fraud Risk Management in NBFCs) Directions, 2024’ issued in exercise of ...
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RBI |
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Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs)
Posted Date : 16-Jul-2024 , 07:46:07 am | Posted By: CASANSAAR
RBI/DOS/2024-25/119
DOS.CO.FMG.SEC.No.6/23.04.001/2024-25
July 15, 2024
The Chairman / Managing Director / Chief Executive Officer
All Primary (Urban) Cooperative Banks (UCBs)
All State Cooperative Banks (StCBs) and
Central Cooperative Banks (CCBs)
Madam / Dear Sir,
Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs)
Please find enclosed asAnnex'Reserve Bank of India (Fraud Risk M...
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RBI |
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Master Directions on Fraud Risk Management in Commercial Banks (including Regional Rural Banks) and All India Financial Institutions
Posted Date : 16-Jul-2024 , 07:44:36 am | Posted By: CASANSAAR
RBI/DOS/2024-25/118
DOS.CO.FMG.SEC.No.5/23.04.001/2024-25
July 15, 2024
The Chairman / Managing Director / Chief Executive Officer
All Commercial Banks (including Regional Rural Banks)
All India Financial Institutions (AIFIs)*
Madam / Dear Sir,
Master Directions on Fraud Risk Management in Commercial Banks (including Regional Rural Banks) and All India Financial Institutions
Please find enclosed asAnnex‘Reserve Bank of India (Fraud Risk Management in Commercial Banks (inc...
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RBI |
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Processing of refund applications filed by Canteen Stores Department (CSD).
Posted Date : 13-Jul-2024 , 08:45:01 am | Posted By: CASANSAAR
The Central Government, videNotificationsNo.06/2017-CentralTax(Rate),No.06/2017-IntegratedTax(Rate)andNo. 06/2017-Union territory Tax (Rate), all dated 28thJune 2017, had specified the Canteen Stores Department (“CSD”for short), under the Ministry of Defence, as a person who shall be entitled to claim a refund of fifty per cent of the applicable central tax, integrated tax and Union territory tax paid by the CSD on all inward supplies of goods received by the CSD for the purposes of ...
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GST |
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Mechanism for refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to export.
Posted Date : 13-Jul-2024 , 08:43:38 am | Posted By: CASANSAAR
Representationshave been received from trade/ industry requesting for prescribing a mechanism for seeking refund of additional IGST paid on account of upward revisionin priceof goods subsequent to export.It has been represented that there are cases wherethe price of export goodsneeds to be revised, subsequent to their exports, due to various reasons such as linking of the prices of the export commodities to some international indexoras perthe terms of contract between the two partiesetc.In such ...
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Category :
GST |
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Clarification on various issues pertaining to taxability and valuation of supply of services of providing corporate guarantee between related persons.
Posted Date : 13-Jul-2024 , 08:42:08 am | Posted By: CASANSAAR
As per the recommendations of the GST Council, sub-rule (2) was inserted in Rule 28 of Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the“CGSTRules”)vide Notification No. 52/2023-Central Tax dated 26thOctober, 2023to provide for a specific clause for valuation of supply of services of providing corporate guarantee to any banking company or financial institution by an entity on behalf of a related person. Besides, Circular No. 204/16/2023-GST dated 27th October...
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GST |
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Guidelines for recovery of outstanding dues, in cases wherein first appeal has been disposed of
Posted Date : 13-Jul-2024 , 08:40:42 am | Posted By: CASANSAAR
Doubts have been raised by the trade and the field formations in respect of recovery of outstanding dues, in cases where the first appellate authority has confirmed the demand created by the adjudicating authority, fully or partially, and where appeal against such order of appellate authority could not be filed under section 112 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as ‘the CGST Act’) due to non-constitution of Appellate Tribunal (hereinafter referr...
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GST |
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Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS)
Posted Date : 11-Jul-2024 , 07:29:47 am | Posted By: CASANSAAR
RBI/2024-25/49
A.P. (DIR Series) Circular No. 15
July 10, 2024
To,
All Authorised Persons
Madam / Sir,
Remittances to International Financial Services Centres (IFSCs)
under the Liberalised Remittance Scheme (LRS)
Attention of Authorised Persons is invited toA.P. (DIR Series) Circulars, i.e., No.11 dated February 16, 2021,No.03 dated April 26, 2023, andNo.06 dated June 22, 2023, on remittances to International Financial Services Centres (IFSCs) in India under the Liberalised Rem...
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FEMA |
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Basel III Capital Regulations - Eligible Credit Rating Agencies (ECAI) - RBI
Posted Date : 11-Jul-2024 , 07:28:47 am | Posted By: CASANSAAR
RBI/2024-25/50
DOR.STR.REC.26/21.06.008/2024-25
July 10, 2024
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 - Eligible Credit Rating Agencies (ECAI)
Please refer to paragraph 6.1.2 of theMaster Circular DOR.CAP.REC.4/21.06.201/2024-25 dated April 1, 2024onBasel III Capital Regulations, wherein the list of domestic credit rating agencies accredit...
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RBI |
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Release of foreign exchange for Miscellaneous Remittances - RBI
Posted Date : 03-Jul-2024 , 08:32:40 pm | Posted By: CASANSAAR
RBI/2024-25/47
A.P. (DIR Series) Circular No. 13
July 03, 2024
To,
All Authorised Dealers in Foreign Exchange
Madam / Dear Sir,
Release of foreign exchange for Miscellaneous Remittances
In terms of the direction issued under theA.P.(DIR Series) Circular No. 16 dated September 12, 2002,A.P.(DIR Series) Circular No. 55 dated December 23, 2003andA. P. (DIR Series) Circular No.118 dated May 07, 2012, Authorised Dealers are permitted to release foreign exchange for any current acco...
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Category :
FEMA |
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Online submission of Form A2: Removal of limits on amount of remittance - RBI
Posted Date : 03-Jul-2024 , 08:31:34 pm | Posted By: CASANSAAR
RBI/2024-25/46
A.P. (DIR Series) Circular No. 12
July 03, 2024
To
All Authorised Dealers in Foreign Exchange
Madam / Dear Sir
Online submission of Form A2: Removal of limits on amount of remittance
Attention of Authorised Dealer (AD) Category-I banks and AD Category-II entities is invited to paragraph 4 ofA.P. (DIR Series) Circular No. 50 dated February 11, 2016(Compilation of R-Returns: Reporting under FETERS) andA.P. (DIR Series) Circular No. 02 dated April 12, 2023(Authorised...
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Category :
FEMA |
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SEBI Master Circular for Electronic Gold Receipts (EGRs)
Posted Date : 25-Jun-2024 , 08:37:56 am | Posted By: CASANSAAR
Securities and Exchange Board of India (SEBI) has been issuing various Circulars from time to time for specifying the framework of EGRs, its risk management, Standard Operating Guidelines for Vault Managers & Depositories,etc.In order to enable the stakeholders to have access to all the provisionsmentioned in these circulars at one place,the provisions of the said circulars are incorporated in this Master Circular forEGRs...
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SEBI |
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Priority Sector Lending – Amendments to the Master Directions - RBI
Posted Date : 22-Jun-2024 , 10:17:24 pm | Posted By: CASANSAAR
RBI/2024-25/44
FIDD.CO.PSD.BC.No.7/04.09.01/2024-25
June 21, 2024
The Chairman / Managing Director/
Chief Executive Officer
[All Commercial Banks including Regional Rural Banks,
Small Finance Banks, Local Area Banks and
Primary (Urban) Co-operative Banks other than Salary Earners’ Banks]
Madam/ Dear Sir,
Priority Sector Lending – Amendments to the Master Directions
Please refer toMaster Directions (MD) on Priority Sector Lending (PSL) dated September 04, 2020as up...
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Category :
RBI |
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Foreign Exchange Management (Overseas Investment) Directions, 2022 - Investments in Overseas Funds
Posted Date : 07-Jun-2024 , 09:12:38 pm | Posted By: CASANSAAR
RBI/2024-25/41
A.P. (DIR Series) Circular No. 09
June 07, 2024
To
All Category-I Authorised Dealer Banks
Madam/ Sir
Foreign Exchange Management (Overseas Investment) Directions, 2022 - Investments in Overseas Funds
Attention of Category-I Authorised Dealer Banks is invited to Paragraph 1(ix)(e) of Foreign Exchange Management (Overseas Investment) Directions, 2022, issued videA.P. (DIR Series) Circular No.12 dated August 22, 2022, in terms of which, investment (including sponso...
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Category :
FEMA |
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Amendment to Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016
Posted Date : 07-Jun-2024 , 09:11:40 pm | Posted By: CASANSAAR
RBI/2024-25/40
DoR.SPE.REC.No.24/13.03.00/2024-2025
June 07, 2024
All Scheduled Commercial Banks (excluding RRBs)
All Small Finance Banks
All Local Area Banks
Madam / Sir,
Amendment to Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016
Please refer to paragraph 3(a)(i) of theMaster Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 03, 2016, wherein the definition of “Bulk Deposits” has been ...
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RBI |
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Uploading of KYC information by KYC Registration Agencies to Central KYC Records Registry - SEBI
Posted Date : 07-Jun-2024 , 10:20:04 am | Posted By: CASANSAAR
Uploading of KYC information by KYC Registration Agencies to Central KYC Records Registry - SEBI
SEBI CircularSEBI/HO/MIRSD/SECFATF/P/CIR/2024/79 DatedJun 06, 2024...
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SEBI |
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Framework of “Financial Disincentives for Surveillance Related Lapses” at Market Infrastructure Institutions
Posted Date : 07-Jun-2024 , 10:16:38 am | Posted By: CASANSAAR
Market infrastructure Institutions (i.e. Stock Exchanges, Clearing Corporations and Depositories) are systemically important institutions for the development of the securities market. The role of surveillance at Market Infrastructure Institutions (“MIIs”)has become crucial in ensuring the safety and integrity of securities market in view of thesignificant increase in trading activity during the past few years, increasedparticipationby retail individual investors, increased trading ac...
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Category :
SEBI |
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RBI's Instructions on Money Changing Activities
Posted Date : 28-May-2024 , 09:08:36 am | Posted By: CASANSAAR
RBI/2024-25/39
A.P. (DIR Series) Circular No. 08
May 27, 2024
To
All Authorised Persons in Foreign Exchange
Madam/ Sir
Instructions on Money Changing Activities
Attention is invited toFED Master Direction No.3/2015-16 dated January 01, 2016(updated from time to time) on Money Changing Activities.
2. In terms of extant instructions, Full Fledged Money Changers (FFMCs)/non-bank Authorised Dealers (ADs) Category-II may obtain their normal business requirements of foreign currenc...
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RBI |
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Exclusion of "Fincare Small Finance Bank Limited" from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as a banking company
Posted Date : 25-May-2024 , 08:36:00 pm | Posted By: CASANSAAR
RBI/2024-25/38
DOR.RET.REC.23/12.07.160/2024-25
May 24, 2024
All Banks
Madam / Dear Sir,
Exclusion of "Fincare Small Finance Bank Limited" from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as a banking company
It is informed that "Fincare Small Finance Bank Limited" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2024, as the bank has ceased to carry on banking business wi...
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RBI |
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