Scheduled Banks’ Statement of Position in India as on Friday, March 27, 2020
Posted Date : 12-Apr-2020 , 09:10:27 am | Posted By: CASANSAAR
Scheduled Banks’ Statement of Position in India as on Friday, March 27, 2020
(Amount in Crore of ₹)
SCHEDULED COMMERCIAL BANKS
(Including RRBs and SFBs)
ALL SCHEDULED BANKS
29-Mar-19
13-MAR-2020 *
27-MAR-2020 *
29-Mar-19
13-MAR-2020 *
27-MAR-2020 *
...
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RBI |
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MCA issued COVID-19 related FAQs on CSR
Posted Date : 11-Apr-2020 , 10:33:42 am | Posted By: CASANSAAR
The Ministry has been receiving several references/ representations from various stakeholders seeking clarifications on eligibility of CSR expenditure related to COVID-19 activities. In this regard, a set of FAQs along with clarifications are provided below for better understanding of the stakeholders:...
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Corporate Laws |
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Companies can hold EGMs through VC or OAVM - MCA
Posted Date : 09-Apr-2020 , 08:46:10 am | Posted By: CASANSAAR
The Ministry of Corporate Affairs (MCA) is fully cognizant of the difficulties faced by companies on account of the ongoing nation-wide lockdown and social distancing due to COVID 19. The Ministry has also taken note of various representations received from industry associations and corporates on the need to facilitate companies in taking certain emergent/ urgent measures in the face of extreme disruptions and dislocation caused by the pandemic.
...
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Companies Act |
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Risk Management and Inter-bank Dealings – Hedging of foreign exchange risk
Posted Date : 08-Apr-2020 , 08:12:53 am | Posted By: CASANSAAR
RBI/2019-20/210
A.P.(DIR Series) Circular No. 29
April 7, 2020
To,
Authorised Dealers Category – I
Madam / Sir,
Risk Management and Inter-bank Dealings – Hedging of foreign exchange risk
Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No.FEMA.25/RB-2000 dated May 3, 2000), as amended from time to ti...
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FEMA |
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Rupee Drawing Arrangement – Remittance to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund
Posted Date : 04-Apr-2020 , 10:15:56 am | Posted By: CASANSAAR
RBI/2019-20/208
A. P. (DIR Series) Circular No. 28
April 03, 2020
To,
All Authorised Dealer Category - I Banks
Madam / Sir,
Rupee Drawing Arrangement – Remittance to the Prime Minister’s Citizen Assistance
and Relief in Emergency Situations (PM-CARES) Fund
Attention of Authorised Dealer Category – I (AD Cat – I) banks is invited to Paragraph 4 of theMaster Direction – Opening and Maintenance of Rupee/Foreign currency Vostro Accounts of Non-Reside...
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FEMA |
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Amendment to Master Direction (MD) on KYC
Posted Date : 02-Apr-2020 , 10:44:47 am | Posted By: CASANSAAR
RBI/2019-20/207
DOR.AML.BC.No.61/14.01.001/2019-20
April 01, 2020
The Chairpersons/ CEOs of all the Regulated Entities
Dear Sir/Madam,
Amendment to Master Direction (MD) on KYC
Government of India, vide Gazette Notification G.S.R. 228(E) dated March 31, 2020 has notified amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005.
2. Consequent to the aforementioned...
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RBI |
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Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Relaxation
Posted Date : 02-Apr-2020 , 10:43:56 am | Posted By: CASANSAAR
RBI/2019-20/206
A. P. (DIR Series) Circular No. 27
April 01, 2020
To,
All Authorised Dealer Category – I Banks
Madam / Sir,
Export of Goods and Services-
Realisation and Repatriation of Export Proceeds-Relaxation
The Government of India as well as the Reserve Bank has been receiving representations from Exporters Trade bodies to extend the period of realisation of export procee...
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RBI |
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Appointment of Managing Director and Chief Executive Officer (MD & CEO) / CEO / part-time Chairperson (PTC) in Banks
Posted Date : 01-Apr-2020 , 11:19:29 am | Posted By: CASANSAAR
RBI/2019-20/204
DoR.Appt.No.58/29.67.001/2019-20
March 31, 2020
All Private Sector Banks (including Local Area Banks, Small Finance Banks, Payments Banks) and Foreign Banks operating in India
Madam / Dear Sir,
Appointment of Managing Director and Chief Executive Officer (MD & CEO) / CEO / part-time Chairperson (PTC) in Banks – ‘Declaration and Undertaking’ and allied matters
To complete the appointment of Managing Director and Chief Executive Officer (MD &am...
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RBI |
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Doorstep Banking Services for Senior Citizens and Differently Abled Persons
Posted Date : 01-Apr-2020 , 11:18:42 am | Posted By: CASANSAAR
RBI/2019-20/203
DOR.CO.Leg.BC.No.59/09.07.005/2019-20
March 31, 2020
All Scheduled Commercial Banks (including RRBs)
All Payments Banks
All Small Finance Banks
All Local Area Banks
Dear Sir/Madam
Doorstep Banking Services for Senior Citizens and Differently Abled Persons
Please refer to para 2(g) of ourcircular DBR.No.Leg.BC.96/09.07.005/2017-18 dated November 9, 2017on the capt...
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RBI |
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Short Term Crop Loans eligible for Interest Subvention Scheme (ISS) and Prompt Repayment Incentive (PRI) through KCC
Posted Date : 01-Apr-2020 , 11:17:53 am | Posted By: CASANSAAR
RBI/2019-20/202
FIDD.CO.FSD.BC.No.23/05.02.001/2019-20
March 31, 2020
The Chairman/Managing Director/Executive Officer
All Public & Private Sector Scheduled Commercial Banks
(Excluding Regional Rural Banks and Small Finance Banks)
Madam/Sir,
Short Term Crop Loans eligible for Interest Subvention Scheme (ISS) and Prompt Repayment Incentive (PRI) through KCC
Please refer to thecircular FIDD.CO.FSD.BC.No.1785/05.02.001/2019-20, dated February 26, 2020advising banks to ensure t...
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RBI |
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CBDT issues Order u/s 119 of on issue of certificates for lower rate/nil deduction/collection of TDS or TCS
Posted Date : 31-Mar-2020 , 02:12:04 pm | Posted By: CASANSAAR
Due to outbreak of thc p3Ildel1lic Covid·19 virus, th~re is se'ere disruptiol1 III the nOllllal working of almost all sectors. including functioning of the Income _ ta.x Depanmenl In such a sccnario. the applications filed by thc payces uls 195 and 197 of the Act for lo,,'er or nil rate of d.:duetion of ms and applications b} buycrsfliccnSl.:es/lessces uls 206C (9) of tile Act for lowcr or l1i l rate of collection of lCS for F.Y. 2020-21 . ha'e not been attended in a timcly ...
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CBDT |
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‘Fully Accessible Route’ for Investment by Non-residents in Government Securities - (specified securities)
Posted Date : 31-Mar-2020 , 09:20:33 am | Posted By: CASANSAAR
RBI/2019-20/201
FMRD.FMSD.No.25/14.01.006/2019-20
March 30, 2020
To
All participants in Government Securities market
Madam/Sir,
‘Fully Accessible Route’ for Investment by Non-residents in Government Securities
A reference is invited to the announcement made in the Union Budget 2020-21 that certain specified categories of Central Government securities would be opened fully for non-resident investors without any restrictions, apart from being available to domestic inve...
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FEMA |
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‘Fully Accessible Route’ for Investment by Non-residents in Government Securities
Posted Date : 31-Mar-2020 , 09:19:53 am | Posted By: CASANSAAR
RBI/2019-20/200
A.P. (DIR Series) Circular No. 25
March 30, 2020
To
All Authorized Persons
Madam / Sir
‘Fully Accessible Route’ for Investment by Non-residents in Government Securities
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the following regulations / directions, as amended from time to time, and the relevant directions issued thereunder:
...
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FEMA |
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Investment by Foreign Portfolio Investors (FPI): Investment limits
Posted Date : 31-Mar-2020 , 09:19:09 am | Posted By: CASANSAAR
RBI/2019-20/199
A.P. (DIR Series) Circular No. 24
March 30, 2020
To,
All Authorized Persons
Madam / Sir
Investment by Foreign Portfolio Investors (FPI): Investment limits
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified videNotification No.FEMA.396/2019-RB dated October 17, 2019, as amended from time to time and the relevant directions issued thereunder. A r...
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Category :
FEMA |
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Special Clearing Operations on March 31, 2020 - RBI
Posted Date : 31-Mar-2020 , 09:18:19 am | Posted By: CASANSAAR
RBI/2019-20/198
DPSS.CO.RPPD.No./1864/03.01.03/2019-20
March 30, 2020
The Chairman and Managing Director / Chief Executive Officer
All Scheduled Commercial Banks including Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Local Area Banks / Payment Banks /
Small Finance Banks
Madam / Dear Sir,
Special Clearing Operations on March 31, 2020
A reference is invited to the circular issued by Department of Government ...
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RBI |
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Amalgamation of Public Sector Banks - Assignment of SLBC/ UTLBC Convenorship and Lead Bank responsibilities
Posted Date : 31-Mar-2020 , 09:17:30 am | Posted By: CASANSAAR
RBI/2019-20/197
FIDD.CO.LBS.BC.No.22/02.01.001/2019-20
March 30, 2020
The Chairmen/ Managing Directors & CEOs
SLBC/ UTLBC Convenor Banks and Lead Banks
Madam / Dear Sir,
Amalgamation of Public Sector Banks - Assignment of SLBC/ UTLBC Convenorship and Lead Bank responsibilities
The amalgamations of Oriental Bank of Commerce and United Bank of India with Punjab National Bank; Andhra Bank ...
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RBI |
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Notification for increasing threshold of default under section 4 of IBC,2016
Posted Date : 30-Mar-2020 , 09:33:08 am | Posted By: CASANSAAR
MCA issueNotification for increasing threshold of default under section 4 of IBC,2016....
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Corporate Laws |
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Contribution to PM CARES Fund shall qualify as CSR expenditure - MCA
Posted Date : 30-Mar-2020 , 08:47:24 am | Posted By: CASANSAAR
Clarification on contribution to PM CARES Fund as eligible CSR activity under item no. (viii) of the Schedule VII of Companies Act, 2013.
Item no. (viii) of the Schedule VII of the Companies Act, 2013, which enumerates activities that may be undertaken by companies in discharge of their CSR obligations, inter alia provides that contribution to any fund set up by the Central Government for socio-economic development and relief qualifies as CSR expenditure. The PM-CARES Fund has been set up to ...
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Corporate Laws |
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Branches of Allahabad Bank to operate as branches of Indian Bank from April 1, 2020
Posted Date : 29-Mar-2020 , 09:20:58 am | Posted By: CASANSAAR
The Amalgamation of Allahabad Bank into Indian Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Allahabad Bank into Indian Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970). The scheme comes into force on the 1st day of April 2020.
Consequently, all branches of Allahabad Bank will ...
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RBI |
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Branches of Andhra Bank and Corporation Bank to operate as branches of Union Bank of India from April 1, 2020
Posted Date : 29-Mar-2020 , 09:20:26 am | Posted By: CASANSAAR
The Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and section 9 of the Banking Companies (Acquisition and Tran...
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RBI |
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Branches of Oriental Bank of Commerce and United Bank of India to operate as branches of Punjab National Bank from April 1, 2020
Posted Date : 29-Mar-2020 , 09:19:50 am | Posted By: CASANSAAR
The Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and section 9 of the B...
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RBI |
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Branches of Syndicate Bank to operate as branches of Canara Bank from April 1, 2020
Posted Date : 29-Mar-2020 , 09:19:13 am | Posted By: CASANSAAR
The Amalgamation of Syndicate Bank into Canara Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Syndicate Bank into Canara Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970). The scheme comes into force on the 1st day of April 2020.
Consequently, all branches of Syndicate Bank will ...
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RBI |
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Guidelines for Licensing of Small Finance Banks in Private Sector - RBI
Posted Date : 29-Mar-2020 , 09:18:17 am | Posted By: CASANSAAR
RBI/2019-20/196
DOR.NBD.No.44/16.13.218/2019-20
March 28, 2020
Managing Director and Chief Executive Officers
of Small Finance Banks
Madam / Dear Sir,
‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 – Modifications to existing norms
Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ ...
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RBI |
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Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year
Posted Date : 27-Mar-2020 , 08:44:21 pm | Posted By: CASANSAAR
RBI/2019-20/194
DGBA.GBD.No.1799/42.01.029/2019-20
March 27, 2020
All Agency Banks
Dear Sir / Madam
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2019-20)
All government transactions done by agency banks for Financial Year 2019-20 must be accounted for within the same financial year. Taking into acco...
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RBI |
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Risk Management and Inter-bank Dealings- Participation of Banks in Offshore Non-deliverable Rupee Derivative Markets
Posted Date : 27-Mar-2020 , 08:43:34 pm | Posted By: CASANSAAR
RBI/2019-20/193
A.P. (DIR Series) Circular No.23
March 27, 2020
All Authorised Dealer Category-I Banks
Madam / Sir,
Risk Management and Inter-bank Dealings- Participation of Banks in Offshore Non-deliverable Rupee Derivative Markets
Attention is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 (Notification no. FEMA.25/RB-2000 dated May 3, 2000), as amended from time to time, andMaster Direction- Risk Management and Inter-bank D...
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Category :
FEMA |
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Change in Daily Minimum Cash Reserve Maintenance Requirement
Posted Date : 27-Mar-2020 , 08:42:58 pm | Posted By: CASANSAAR
RBI/2019-20/192
DOR.No.Ret.BC.51/12.01.001/2019-20
March 27, 2020
All Scheduled Banks
Dear Sir/Madam
Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement
Please refer to ourCircular DBR.No.Ret.BC.91/12.01.001/2015-16 dated April 05, 2016on the captioned subject.
2. As announced in theSeventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020, it has been decided to reduce the minimum daily maintenance of...
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RBI |
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Maintenance of Cash Reserve Ratio (CRR)
Posted Date : 27-Mar-2020 , 08:42:20 pm | Posted By: CASANSAAR
RBI/2019-20/191
DOR.No.Ret.BC.49/12.01.001/2019-20
March 27, 2020
All Banks
Dear Sir / Madam
Maintenance of Cash Reserve Ratio (CRR)
Please refer to ourCircular DBOD.No.Ret.BC.76/12.01.001/2012-13 dated January 29, 2013and Circular RPCD.CO.RCB.RRB.BC.No.61/03.05.33/2012-13 dated January 29, 2013 on the captioned subject.
2. As announced in theSeventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020, it has been decided to reduce the Cash Reserve Ratio (CRR) of all...
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RBI |
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Change in Bank Rate
Posted Date : 27-Mar-2020 , 08:41:42 pm | Posted By: CASANSAAR
RBI/2019-20/190
DOR.No.Ret.BC.53/12.01.001/2019-20
March 27, 2020
All Scheduled and Non Scheduled Banks
Dear Sir/Madam
Change in Bank Rate
Please refer to our circularDBR.No.Ret.BC.19/12.01.001/2019-20 dated October 04, 2019, on the captioned subject.
2. As announced in theSeventh Bi-Monthly Monetary Policy Statement 2019-20 of March 27, 2020, the Bank Rate is revised downwards by 75 basis points from 5.40 per cent to 4.65 per cent with immediate effect.
3. All penal intere...
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RBI |
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Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF)
Posted Date : 27-Mar-2020 , 08:41:06 pm | Posted By: CASANSAAR
RBI/2019-20/189
DOR.No.Ret.BC.52/12.01.001/2019-20
March 27, 2020
All Scheduled Banks (excluding Regional Rural Banks)
Dear Sir / Madam
Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF)
Please refer to ourCircular DBOD.No.Ret.BC.95/12.02.001/2011-12 dated April 17, 2012,Circular UBD.BPD.(SCB).Cir.No.1/16.27....
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RBI |
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Basel III Capital Regulations- Review of transitional arrangements
Posted Date : 27-Mar-2020 , 08:40:25 pm | Posted By: CASANSAAR
RBI/2019-20/188
DOR.BP.BC.No.45/21.06.201/2019-20
March 27, 2020
All Scheduled Commercial Banks (Excluding RRBs and LABs)
Dear Sir/Madam,
Basel III Capital Regulations - Review of transitional arrangements
As announced in para 9 of theStatement on Developmental and Regulatory Policiesissued along with theSeventh Bi-monthly Monetary Policy Statement 2019-20, the implementation of the last tranche of ...
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RBI |
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