Currency Chest operations on March 31, 2025
Posted Date : 27-Mar-2025 , 06:32:48 pm | Posted By: CASANSAAR
RBI/2024-25/129
DCM (CC) No.S3811/03.51.001/2024-25
March 24, 2025
All Currency Chest (CC) holding banks
Madam / Dear Sir
Currency Chest operations on March 31, 2025
In terms of instructions contained incircular DOR.CO.SOG(Leg)No.59/09.08.024/2024-25 dated February 11, 2025, all branches of the banks dealing with Government receipts and payments are to be kept open for transactions on March 31, 2025 (Monday-Public Holiday), so as to account for the Government transactions...
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RBI |
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Treatment of Right-of-Use (ROU) Asset for Regulatory Capital Purposes
Posted Date : 21-Mar-2025 , 07:43:53 pm | Posted By: CASANSAAR
RBI/2024-25/128
DOR.CAP.REC.No.68/21.01.002/2024-25
March 21, 2025
Dear Sir/Madam,
Treatment of Right-of-Use (ROU) Asset for Regulatory Capital Purposes
Please refer to:
Paragraphs 5.1.25 and 107.2 of the Master Direction - Reserve Bank of India (Non-Banking Financial Company (NBFC) – Scale Based Regulation Directions, 2023 - (definition of Owned Fund and Common Equity Tier 1 (CET 1) capital)
Paragraph 4.1.28 of the Master Direction - Non-Banking Financial Comp...
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RBI |
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Amortisation of additional pension liability - Implementation of Pension Scheme in Regional Rural Banks with effect from November 1, 1993 - Prudential Regulatory Treatment
Posted Date : 21-Mar-2025 , 07:36:23 pm | Posted By: CASANSAAR
RBI/2024-2025/127
DOR.ACC.REC.No.67/21.04.018/2024-25
March 20, 2025
Madam / Sir,
Amortisation of additional pension liability - Implementation of Pension Scheme in Regional Rural Banks with effect from November 1, 1993 - Prudential Regulatory Treatment
In terms of NABARD circular NB.DoS.Pol.HO/2533/J-1/2019-20 dated December 12, 2019, Regional Rural Banks (RRBs) were earlier permitted to amortise their pension liability on account of RRB (Employee) Pension Scheme 2018 o...
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RBI |
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Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021: Clarifications
Posted Date : 21-Mar-2025 , 07:33:43 pm | Posted By: CASANSAAR
RBI/2024-25/126
DOR.ACC.REC.No.66/21.04.018/2024-25
March 20, 2025
Madam / Sir,
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021: Clarifications
The Reserve Bank has received queries and suggestions from banks and Indian Banks’ Association (IBA) on certain aspects of disclosures in the notes to accounts to the financial statements as well as on the notes and instructions for compilation of balance sheet specified in the Annex...
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RBI |
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Asian Clearing Union (ACU) Mechanism
Posted Date : 17-Mar-2025 , 06:54:51 pm | Posted By: CASANSAAR
RBI/2024-2025/125
A.P. (DIR Series) Circular No. 22
March 17, 2025
To
All Category-I Authorised Dealer Banks
Madam/ Sir,
Asian Clearing Union (ACU) Mechanism – Indo-Maldives trade
Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Subclause (a)(ii) of Clause (I) of Sub regulation 2 of Regulations 3 ofForeign Exchange Management (Manner of Receipt and Payment) Regulations, 2023in terms of which trade transactions between ACU ...
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RBI |
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Annual Closing of Government Accounts
Posted Date : 17-Mar-2025 , 06:51:58 pm | Posted By: CASANSAAR
RBI/2024-25/124
CO.DGBA.GBD.No.S1003/42-01-029/2024-2025
March 17, 2025
All Agency Banks
Madam/ Dear Sir,
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2024-25)
All Government transactions done by agency banks for the Financial Year 2024-25 must be accounted for within the same financial year.
Accordingly, the following arrangements are put in place to report and ac...
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RBI |
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Implementation of Section 51A of UAPA, 1967: Updates to UNSC
Posted Date : 17-Mar-2025 , 06:48:30 pm | Posted By: CASANSAAR
RBI/2024-25/123
DOR. AML.REC.65/14.06.001/2024-25
March 15, 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: Amendments in 12 Entries
Please refer to Paragraph 51 of the RBIMaster Direction on Know Your Customer dated February 25, 2016as amended on November 06, 2024 (MD on KYC), in terms of which “Regulated E...
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RBI |
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Reporting and Accounting of Central Government transactions for March 2025
Posted Date : 01-Mar-2025 , 06:31:21 pm | Posted By: CASANSAAR
RBI/2024-25/122
CO.DGBA.GBD.No.S954/42-01-029/2024-2025
February 28, 2025
All Agency Banks
Madam/Dear Sir,
Reporting and Accounting of Central Government transactions for March 2025
Please refer toCircular DGBA.GBD.No.S1217/42-01-029/2023-2024 dated March 13, 2024advising the procedure to be followed for reporting and accounting of Central Government transactions including Central Board of Direct Taxes, Central Board of Indirect Taxes and Customs, Departmentalized Ministrie...
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RBI |
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Implementation of Section 51A of UAPA, 1967: Updates to UNSC
Posted Date : 28-Feb-2025 , 12:58:01 pm | Posted By: CASANSAAR
RBI/2024-25/121
DOR.AML.REC.64/14.06.001/2024-25
February 27, 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: Amendments in 01 Entry
Please refer to paragraph 51 of the RBI’sMaster Direction on Know Your Customer dated February 25, 2016as amended on November 06, 2024 (MD on KYC), in terms of which “Regulated E...
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RBI |
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Exposures of Scheduled Commercial Banks (SCBs) to Non-Banking Financial Companies (NBFCs)
Posted Date : 27-Feb-2025 , 06:56:01 pm | Posted By: CASANSAAR
RBI/2024-25/120
DOR.STR.REC.61/21.06.001/2024-25
February 25, 2025
All Scheduled Commercial Banks (including Small Finance Banks but excluding Regional Rural Banks and Payments Banks)
Madam / Dear Sir,
Exposures of Scheduled Commercial Banks (SCBs) to Non-Banking Financial Companies (NBFCs) – Review of Risk Weights
In terms of Paragraph 2.B of thecircular ‘Regulatory measures towards consumer credit and bank credit to NBFCs’ dated November 16, 20...
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RBI |
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Review of Risk Weights on Microfinance Loans - RBI
Posted Date : 26-Feb-2025 , 11:18:14 am | Posted By: CASANSAAR
RBI/2024-25/119
DOR.CRE.REC.63/21.06.001/2024-25
February 25, 2025
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payments Banks
Madam / Dear Sir,
Review of Risk Weights on Microfinance Loans
I. Commercial Banks (including Small Finance Banks but excluding Regional Rural Banks and Local Area Banks)
In terms of para 5.9.1 of‘Master Circular on Basel III – Capital Regulations’ dated April 01, 20241, as ...
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RBI |
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Review and rationalization of prudential norms
Posted Date : 25-Feb-2025 , 02:26:32 pm | Posted By: CASANSAAR
RBI/2024-25/118
DOR.CRE.REC.62/07.10.002/2024-25
February 24, 2025
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Review and rationalization of prudential norms - UCBs
Reserve Bank has, from time to time, prescribed various prudential norms for Urban Co-operative Banks (UCBs) for enhancing their financial soundness and resilience. Some of these prudential norms have been issued with a view to reducing credit concentration risk, reducing exposures to sensitive sectors,...
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RBI |
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Reserve Bank of India (Forward Contracts in Government Securities) Directions, 2025
Posted Date : 22-Feb-2025 , 01:17:04 pm | Posted By: CASANSAAR
RBI/2024-25/117
FMRD.DIRD.16/14.03.042/2024-25
February 21, 2025
To
All Eligible Market Participants
Madam/Sir,
Reserve Bank of India (Forward Contracts in Government Securities) Directions, 2025
Please refer topress release dated December 28, 2023, regarding issuance of draft Directions on Bond Forwards for public feedback.
2. Based on the feedback received from the market participants, the draft Directions have been finalised and the Reserve Bank of India (Forward Contrac...
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RBI |
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Government securities transactions between a Primary Member (PM) of NDS-OM and its own Gilt Account Holder (GAH) or between two GAHs of the same PM
Posted Date : 18-Feb-2025 , 06:13:02 pm | Posted By: CASANSAAR
RBI/2024-25/115
FMRD.MIOD.No.15/11.01.051/2024-25
February 17, 2025
To
All participants in Government Securities market
Madam/Sir,
Government securities transactions between a Primary Member (PM) of NDS-OM and its own Gilt Account Holder (GAH) or between two GAHs of the same PM
Transactions in Government securities in the Over the Counter (OTC) market are currently undertaken either on Negotiated Dealing System - Order Matching (NDS-OM) platform or are bilaterally negotiated...
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RBI |
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Reserve Bank of India Directions, 2023
Posted Date : 18-Feb-2025 , 06:09:22 pm | Posted By: CASANSAAR
RBI/2024-25/116
DOR.MRG.REC.60/00-00-017/2024-25
Madam / Dear Sir,
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 - Amendment
Please refer to paragraph 34.2 of theReserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significa...
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RBI |
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Export-Import Bank of India
Posted Date : 13-Feb-2025 , 07:26:42 pm | Posted By: CASANSAAR
RBI//2024-2025/114
A.P. (DIR Series) Circular No. 21
February 13, 2025
All Category – I Authorised Dealer Banks
Madam/Sir
Export-Import Bank of India’s GOI-supported Line of Credit of USD 120 mn to the Government of the Socialist Republic of Vietnam (GO-VNM) for procurement of High-Speed Guard Boats in the Borrower’s Country
Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 31, 2024, with the Government of the Socialist...
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RBI |
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Export-Import Bank of India
Posted Date : 13-Feb-2025 , 07:24:04 pm | Posted By: CASANSAAR
RBI//2024-2025/113
A.P. (DIR Series) Circular No. 20
February 13, 2025
All Category – I Authorised Dealer Banks
Madam/Sir
Export-Import Bank of India’s GOI-supported Line of Credit of USD 180 mn to the Government of the Socialist Republic of Vietnam for procurement of 4 Offshore Patrol Vessels (OPV) in the Borrower’s Country
Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 31, 2024, with the Government of the Socialist Rep...
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RBI |
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Foreign Exchange Management (Manner of Receipt and Payment) (Amendment) Regulations, 2025
Posted Date : 12-Feb-2025 , 07:24:51 pm | Posted By: CASANSAAR
RESERVE BANK OF INDIA
(FOREIGN EXCHANGE DEPARTMENT)
CENTRAL OFFICE
MUMBAI 400 001
Notification No. FEMA 14(R)(1)/2025-RB
February 10, 2025
Foreign Exchange Management (Manner of Receipt and Payment) (Amendment) Regulations, 2025
In exercise of the powers conferred by section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following amendment in theForeign Exchange Management (Manner of Receipt and Payment) Regulations, 2023(Notifica...
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RBI |
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All Agency Banks to remain open for public on March 31, 2025 (Monday)
Posted Date : 11-Feb-2025 , 07:46:32 pm | Posted By: CASANSAAR
RBI/2024-25/112
DOR.CO.SOG(Leg) No.59/09.08.024/2024-25
February 11, 2025
All Agency Banks
Madam / Dear Sir,
All Agency Banks to remain open for public on March 31, 2025 (Monday)
The Government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2025 (Monday-Public Holiday) so as to account for all the Government transactions relating to receipts and payments in the Financial ...
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RBI |
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Master Direction - Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2025
Posted Date : 07-Feb-2025 , 07:51:54 pm | Posted By: CASANSAAR
RBI/FMRD/2024-25/127
FMRD.MIOD.No.12/11.01.051/2024-25
February 07, 2025
To
All participants in Government Securities market
Madam/Sir,
Access of SEBI-registered non-bank brokers to NDS-OM
Please refer to Paragraph 2 of theStatement on Developmental and Regulatory Policiesannounced as a part of the Bi-monthlyMonetary Policy Statement for 2024-25 dated February 07, 2025, on making the Negotiated Dealing System – Order Matching (NDS-OM) platform available for...
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RBI |
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Change in Bank Rate
Posted Date : 07-Feb-2025 , 07:49:23 pm | Posted By: CASANSAAR
RBI/2024-25/111
DoR.RET.REC.57/12.01.001/2024-25
February 07, 2025
All Banks
Madam / Dear Sir,
Change in Bank Rate
Please refer to ourcircular DOR.RET.REC.101/12.01.001/2022-23 dated February 08, 2023on the captioned subject.
2. As announced in theMonetary Policy Statement 2024-25 dated February 07, 2025, the Bank Rate is revised downwards by 25 basis points from 6.75 per cent to 6.50 per cent with immediate effect.
3. All penal interest rates on shortfall in ...
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RBI |
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Standing Liquidity Facility for Primary Dealers
Posted Date : 07-Feb-2025 , 07:47:14 pm | Posted By: CASANSAAR
RBI/2024-25/110
REF.No.MPD.BC.398/07.01.279/2024-25
February 07, 2025
All Primary Dealers,
Standing Liquidity Facility for Primary Dealers
As announced in the bi-monthlyMonetary Policy Statement, 2024-25, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.50 per cent to6.25per cent with immediate effect.
2. Accordingly, the Standing Liquidity Facility provid...
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RBI |
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Liquidity Adjustment Facility - Change in rates
Posted Date : 07-Feb-2025 , 11:21:42 am | Posted By: CASANSAAR
RBI/2024-25/109
FMOD.MAOG.No.150/01.01.001/2024-25
February 07, 2025
All Liquidity Adjustment Facility (LAF) participants
Madam/Sir,
Liquidity Adjustment Facility - Change in rates
As announced in theMonetary Policy Statement dated February 07, 2025, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.50 per cent to6.25 per centwith immediate effect.
2. Consequ...
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RBI |
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Framework for imposing monetary penalty and compounding of offences under the Payment and Settlement Systems Act, 2007
Posted Date : 31-Jan-2025 , 02:25:27 pm | Posted By: CASANSAAR
RBI/2024-25/108
EFD.CO.No.1/02.08.001/2024-25
January 30, 2025
The Chairman / Managing Director / Chief Executive Officer,
Authorised Payment System Operators / Banks
Madam / Dear Sir,
Framework for imposing monetary penalty and compounding of offences under the Payment and Settlement Systems Act, 2007
Please refer to theCircular DPSS.CO.OD.No.1328/06.08.005/2019-20 dated January 10, 2020on the ‘Framework for imposing monetary penalty on authorised payment syst...
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RBI |
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Clarification on applicability of late fee for delay in furnishing of FORM GSTR-9C- reg.
Posted Date : 30-Jan-2025 , 06:52:10 pm | Posted By: CASANSAAR
Circular No. 246/03/2025-GST
F. No. CBIC-20001/14/2024-GST
Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs
GST Policy Wing
North Block New Delhi,
Dated the 30th January, 2025
To,
All the Principal Chief Commissioners/ Chief Commissioners
All the Principal Directors General/ Directors General
Madam / Sir,
Subject: Clarification on applicability of late fee for delay in furnishing of FORM GSTR-9C- reg.
...
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Category :
GST |
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Mandatory additional qualifiers in import/export declarations in respect of Synthetic or Reconstructed Diamonds
Posted Date : 29-Jan-2025 , 06:15:22 pm | Posted By: CASANSAAR
Circular No.03/2025-Customs
F.No. 524/17/2024-STO(TU)
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Indirect Taxes & Customs)
North Block, New Delhi.
Dated: 29thJanuary, 2025
To
All Principal Chief Commissioners/Chief Commissioners of Customs/Customs (Preventive).
All Principal Chief Commissioners/Chief Commissioners of Customs & Central Tax
All Principal Commissioners/ Commissioners of Customs/Customs (Preventive)
All Princ...
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Category :
CBDT |
Comments :
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Private Placement of Non-Convertible Debentures (NCDs) with maturity period of more than one year by HFCs
Posted Date : 29-Jan-2025 , 05:55:01 pm | Posted By: CASANSAAR
RBI/2024-25/107
DOR.FIN.REC.No.58/03.10.136/2024-25
January 29, 2025
All Housing Finance Companies (HFCs)
Dear Sir/ Madam,
Private Placement of Non-Convertible Debentures (NCDs) with maturity period of more than one year by HFCs – Review of guidelines
Please refer to Chapter XI ofMaster Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021wherein guidelines on private placement of NCDs by HFCs have been pre...
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RBI |
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Regularizing payment of GST on co-insurance premium apportioned by the lead insurer to the co-insurer and on ceding /re-insurance commission deducted from the reinsurance premium paid by the insurer to the reinsurer
Posted Date : 28-Jan-2025 , 07:42:34 pm | Posted By: CASANSAAR
Circular No. 244/01/2025-GST
F. No. CBIC-190354/2/2025-TO(TRU-II)-CBEC
Government of India
Ministry of Finance
Department of Revenue
(Tax Research Unit)
North Block, New Delhi
Dated the 28th of January, 2025
To,
The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioners of Central Tax (All) / The Principal Director Generals/ Director Generals (All)
Madam/Sir,
Subject: Regularizing payment of GST on co-insurance premium apport...
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Category :
GST |
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Clarifications regarding applicability of GST on certain services
Posted Date : 28-Jan-2025 , 07:34:55 pm | Posted By: CASANSAAR
Circular No. 245/02/2025-GST
F. No. CBIC-190354/2/2025-TO(TRU-II)-CBEC
Government of India
Ministry of Finance
Department of Revenue
(Tax Research Unit)
North Block, New Delhi
Dated the 28th of January, 2025
To,
The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioners of Central Tax (All) / The Principal Director Generals/ Director Generals (All)
Madam/Sir,
Subject: Clarifications regarding applicability of GST on certain s...
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Category :
GST |
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Central Tax-Central Tax Notification for waiver of the late fee
Posted Date : 24-Jan-2025 , 08:03:44 pm | Posted By: CASANSAAR
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NOTIFICATION No.
08/2025 – CENTRAL TAX
New Delhi, the 23rd January, 2025
S.O......(E).– In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council, hereby waives the amount of late fee referred to in section...
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Category :
Income Tax |
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