RBI/2024-25/133 Ref.No.IDMD.2320/08.01.01/2024-25 March 27, 2025 All participants in the Government Securities market. Madam / Sir, General Notification for Sale and Issue of Government of India Securities (including Treasury Bills and Cash Management Bills) Please refer to ourcirculars IDMD.2592/08.01.01/2017-18 dated April 09, 2018, forwarding therewith a copy of theGeneral Notification F.No.4(2)-W&M/2018 dated March 27, 2018issued by the Government of India for s...

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RBI/2024-25/132 DoR.AUT.REC.71/23.67.001/2024-25 March 25, 2025 Madam/Dear Sir Gold Monetization Scheme (GMS), 2015 - Amendment Government of India, vide its press release ID 2115009 dated March 25, 2025 regarding Gold Monetization Scheme (GMS) has decided to discontinue the Medium Term and Long Term Government Deposit (MLTGD) components of GMS with effect from March 26, 2025. Accordingly, any gold deposits tendered at the designated Collection and Purity Testing Centre (CPT...

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RBI/DOR/2024-25/129 DOR.CAP.REC.No.70/21.06.201/2024-25 March 25, 2025 All Regional Rural Banks Dear Sir/ Madam, Master Direction – Reserve Bank of India (Prudential Norms on Capital Adequacy for Regional Rural Banks) Directions, 2025 The Reserve Bank of India has, from time to time, issued several guidelines / instructions / directives on Prudential Norms on Capital Adequacy for Regional Rural Banks (RRBs). 2. To enable RRBs to have current instructions ...

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RBI/FIDD/2024-25/128 Master Directions FIDD.CO.PSD.BC.13/04.09.001/2024-25 March 24, 2025 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, Master Directions - Reserve Bank of India (Priority Sector Lending – Targets and Classification) Directions, 2025 The Reserve Bank o...

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RBI/2024-25/131 FIDD.CO.PSD.BC.No.12/04.09.001/2024-25 March 24, 2025 The Chairman / Managing Director/ Chief Executive Officer [All Scheduled Commercial Banks (including Regional Rural Banks)/ Primary (Urban) Co-operative Banks/ Local Area Banks] Madam/ Dear Sir, Priority Sector Lending Certificates Please refer to para (v) of the Annex tocircular RBI/2015-16/366/ FIDD.CO.Plan.BC.23/04.09.01/2015-16 dated April 07, 2016on the captioned subject. 2. The item...

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RBI/2024-25/130 DOR.CRE.REC.69/07.10.002/2024-25 March 24, 2025 Primary (Urban) Co-operative Banks other than Salary Earners’ Banks Madam / Dear Sir, Review of Priority Sector Lending (PSL) Target – Urban Co-operative Banks (UCBs) In terms of paragraph 3 of thecircular DOR (PCB).BPD.Cir No.10/13.05.000/2019-20 dated March 13, 2020, read with paragraph 2 of thecircular DOR.CRE.REC.18/07.10.002/2023-24 dated June 8, 2023, UCBs are required to achieve an overall PSL ...

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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/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/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/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/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/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/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/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/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/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/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/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/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/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/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//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//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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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/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/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/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/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/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/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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