RBI Review of Guidelines - Withdrawal of Circulars
Posted Date : 01-Mar-2024 , 08:50:14 pm | Posted By: CASANSAAR
RBI/2023-24/129
DoS.CO.ARG/SEC.11/08.91.001/2023-24
March 01, 2024
The Chairman / Managing Director / Chief Executive Officer,
All Commercial Banks (Excluding RRBs)
All Primary (Urban) Co-operative Banks (UCBs)
Madam / Dear Sir,
Review of Guidelines - Withdrawal of Circulars
Consequent upon review of Circulars issued by the Reserve Bank from time to time, it has been decided to withdraw Circulars listed in theAnnexwith immediate effect.
Yours faithfully,
(Rajnish Kumar)
...
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Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024
Posted Date : 01-Mar-2024 , 08:45:13 am | Posted By: CASANSAAR
RBI/DPSS/2023-24/111
CO.DPSS.POLC.No.S1114/02-27-020/2023-2024
February 29, 2024
The Chairman / Managing Director / Chief Executive
All Scheduled Commercial Banks including RRBs /
Urban Cooperative Banks / State Cooperative Banks / District Central Cooperative Banks /
NPCI Bharat BillPay Limited / Non-bank Payment System Participants
Dear Sir / Madam,
Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024
The current regulations covering B...
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Capital Adequacy Guidelines – Review of Trading Book
Posted Date : 28-Feb-2024 , 07:57:55 pm | Posted By: CASANSAAR
RBI/2023-24/128
DOR.MRG.REC.80/00-00-003/2022-23
February 28, 2024
All Commercial Banks
(excluding Regional Rural Banks)
Dear Sir / Madam,
Capital Adequacy Guidelines – Review of Trading Book
Please refer toMaster Circular – Basel III Capital Regulations dated May 12, 2023, andMaster Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021 dated October 26, 2021(hereinafter together referred to as ‘capital adequacy guidelin...
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Appointment/re-appointment of Director, Managing Director or Chief Executive Officer in Asset Reconstruction Companies
Posted Date : 28-Feb-2024 , 12:20:34 pm | Posted By: CASANSAAR
RBI/2023-24/127
DOR.GOV.REC.79/18.10.006/2023-24
February 27, 2024
All Asset Reconstruction Companies
Dear Sir / Madam
Appointment/re-appointment of Director, Managing Director or Chief Executive Officer in Asset Reconstruction Companies
In terms of Section 3(6) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the guidelines contained in Para 5(i) of the Annex to ourcircular No. DoR.SIG.FIN.REC.75/26.03.001/2022-23 da...
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Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions - 2024
Posted Date : 28-Feb-2024 , 12:16:39 pm | Posted By: CASANSAAR
RBI/DoS.DSG/2023-24/110
DoS.DSG.No.10/33.01.001/2023-24
February 27, 2024
All Commercial Banks excluding Regional Rural Banks
All Primary (Urban) Cooperative Banks
Select All India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NABFID)
All Non-Banking Financial Companies (excluding Housing Finance Companies) and All Asset Reconstruction Companies
Madam/ Dear Sir,
Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions - 2024
Please ...
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Inclusion of Clearing Corporation of India Limited as a Financial Information Provider under Account Aggregator Framework
Posted Date : 23-Feb-2024 , 11:23:22 am | Posted By: CASANSAAR
RBI/2023-24/125
DoR.FIN.REC.77/03.10.123/2023-24
February 22, 2024
All Regulated Entities of the Bank
Madam/ Dear Sir,
Inclusion of Clearing Corporation of India Limited as a Financial Information Provider under Account Aggregator Framework
Please refer to theMaster Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016.
2. TheRBI Retail Direct Scheme (‘Scheme’)was launched on November 12, 2021 to facilitate retail inve...
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Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility
Posted Date : 21-Feb-2024 , 11:32:18 am | Posted By: CASANSAAR
RBI/2023-24/123
FIDD.CO.LBS.BC.No.15/02.08.001/2023-24
February 20, 2024
The Chairman / Managing Director & Chief Executive Officer
Lead Banks Concerned
Madam / Dear Sir,
Formation of new district in the State of Assam –
Assignment of Lead Bank Responsibility
The Government of Assam has notified formation of a new district, viz., Hojai in the state of Assam vide Gazette Notification ECF.No.367433/28 dated September 07, 2023. Accordingly, it has been decided to designa...
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Exclusion of “Rupee Co-operative Bank Limited” from the Second Schedule to the Reserve Bank of India Act, 1934
Posted Date : 16-Feb-2024 , 11:21:10 am | Posted By: CASANSAAR
RBI/2023-24/122
DOR.RET.REC.76/12.07.160/2023-24
February 15, 2024
All Banks
Madam / Dear Sir,
Exclusion of “Rupee Co-operative Bank Limited” from the Second Schedule to the Reserve Bank of India Act, 1934
It is advised that “Rupee Co-operative Bank Limited” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.REG/LIC.No.S4847/07.12.000/2023-24 dated November 29, 2023, which is published in the Gazette of ...
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Review of Fixed Remuneration granted to Non-Executive Directors (NEDs)
Posted Date : 10-Feb-2024 , 09:34:46 am | Posted By: CASANSAAR
RBI/2023-24/121
DoR.HGG.GOV.REC.75/29.67.001/2023-24
February 9, 2024
Dear Sir/ Madam
Review of Fixed Remuneration granted to Non-Executive Directors (NEDs)
Please refer to paragraph 9 of circular dated April 26, 2021 (Corporate Governance in Banks - Appointment of Directors and Constitution of Committees of the Board) as per which ceiling of ?20 lakh per annum was specified in respect of remuneration of Non-Executive Directors (NEDs), other than the Chair of the Board.
2. Consid...
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Participation of Indian Banks on India International Bullion Exchange IFSC Limited (IIBX)
Posted Date : 10-Feb-2024 , 09:33:53 am | Posted By: CASANSAAR
RBI/2023-24/120
DoR.AUT.REC.74/24.01.041/2023-24
February 09, 2024
All Scheduled Commercial Banks
Madam/Dear Sir,
Participation of Indian Banks on India International Bullion Exchange IFSC Limited (IIBX)
Please refer to the circularBranches of Indian Banks operating in GIFT-IFSC – acting as Professional Clearing Member (PCM) of India International Bullion Exchange IFSC Limited (IIBX) dated June 07, 2022. On review, it has been decided to additionally allow:
a) Branch/sub...
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Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments in 85 Entries
Posted Date : 09-Feb-2024 , 11:18:02 am | Posted By: CASANSAAR
RBI/2023-24/119
DOR.AML.REC.73/14.06.001/2023-24
February 08, 2024
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 85 Entries
Please refer to Section 51 of ourMaster Direction on Know Your Customer dated February 25, 2016as amended on January 04 , 2024 (MD on KYC), in terms of which “Regulated Entities (REs) shal...
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MCA Establishes Central Processing Centre at Manesar for E-Forms
Posted Date : 05-Feb-2024 , 08:43:20 am | Posted By: CASANSAAR
S.O. 446(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 396 of the Companies Act, 2013 (18 of 2013), the Central Government hereby establishes a Central Processing Centre at Indian Institute of Corporate Affairs, Plot No. 6,7,8, Sector 5, IMT Manesar, District Gurgaon (Haryana), Pin Code- 122050 having territorial jurisdiction all over India, for the purpose of the provisions of the said section....
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Streamlining of Internal Compliance monitoring function – leveraging use of technology
Posted Date : 31-Jan-2024 , 08:52:41 pm | Posted By: CASANSAAR
RBI/2023-24/117
DoS.CO.CSITEG.SEC.No.9/31-01-015/2023-24
January 31, 2024
The Chairman/Managing Director/Chief Executive Officer
Scheduled Commercial Banks (excluding Regional Rural Banks);
Small Finance Banks; Payments Banks;
Primary (Urban) Co-operative Banks (Tier III and IV);
Upper- and Middle-Layer Non-Banking Financial Companies
(including Housing Finance Companies);
Credit Information Companies and
All India Financial Institutions (EXIM Bank, NABARD, NaBFID, NHB and SIDB...
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Second Schedule to the Reserve Bank of India Act, 1934 – Norms for inclusion
Posted Date : 17-Jan-2024 , 09:35:40 pm | Posted By: CASANSAAR
RBI/2023-24/115
DoR.REG/LIC.No.72/16.05.000/2023-24
January 17, 2024
Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Second Schedule to the Reserve Bank of India Act, 1934 – Norms for inclusion
Please refer to ourcircular UBD.CO.BPD(PCB).No.20/16.05.000/2013-14 dated September 27, 2013on the captioned subject.
2. Subsequent to release of theRevised Regulatory Framework for Urban Co-operative Banks (UCBs) on July 19, 2...
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Master Circular- Exposure Norms and Statutory / Other Restrictions - UCBs
Posted Date : 16-Jan-2024 , 10:02:06 pm | Posted By: CASANSAAR
RBI/2023-24/114
DoR.CRE.REC.71/07.10.002/2023-24
January 16, 2024
The Chief Executive Officers
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Master Circular- Exposure Norms and Statutory / Other Restrictions - UCBs
Please refer toRBI Master Circular DCBR.CO.BPD. (PCB) MC No.13/13.05.000/2015-16 dated July 1, 2015on the captioned subject (available at RBI websitewww.rbi.org.in). The updatedMaster Circularconsolidates all the instructions / guidelines on the subject i...
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Guidelines on Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks
Posted Date : 15-Jan-2024 , 09:49:50 pm | Posted By: CASANSAAR
RBI/2023-24/113
Ref.No.DOS.ARG/SEC.8/08.91.001/2023-24
January 15, 2024
The Chairman / Managing Director / Chief Executive Officer,
All State Co-operative Banks (StCBs)
All Central Co-operative Banks (CCBs)
Madam / Dear Sir,
Guidelines on Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks
The Banking Regulation (Amendment) Act, 2020 (No. 39 of 2020), notified in the Gazette of India on September 29, 2020 (vide Notificat...
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RBI |
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Credit/Investment Concentration Norms – Credit Risk Transfer
Posted Date : 15-Jan-2024 , 09:49:01 pm | Posted By: CASANSAAR
RBI/2023-24/112
DOR.CRE.REC.70/21.01.003/2023-24
January 15, 2024
All Non-Banking Financial Companies including Housing Finance Companies
Madam/ Dear Sir,
Credit/Investment Concentration Norms – Credit Risk Transfer
Please refer to the following instructions, as amended from time to time: (i) paragraphs 32, 91 and 110.4.2 ofMaster Direction - Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 dated October 19, 2023(“M...
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Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments in 14 Entries
Posted Date : 11-Jan-2024 , 07:43:33 pm | Posted By: CASANSAAR
RBI / 2023-24 / 111
DOR. AML.REC.69/14.06.001/2023-24
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 14 Entries
Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on January 04 , 2024 (MD on KYC), in terms of which “Regulated Entities (REs) shall ensure th...
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Implementation of Section 51A of UAPA, 1967 Updates to UNSC’s 1267 / 1989 ISIL (Da'esh) & Al-Qaida Sanctions List Amendments in 07 Entries
Posted Date : 08-Jan-2024 , 11:01:13 am | Posted By: CASANSAAR
RBI/2023-24/110
DOR.AML.REC.68/14.06.001/2023-24
January 06, 2024
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 07 Entries
Please refer to Section 51 of ourMaster Direction on Know Your Customer dated February 25, 2016as amended on January 04, 2024 (MD on KYC), in terms of which “Regulated Entities (RE...
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Implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Designated List (Amendments)
Posted Date : 08-Jan-2024 , 10:58:08 am | Posted By: CASANSAAR
RBI/2023-24/109
DOR.AML.REC.67/14.06.001/2023-24
January 06, 2024
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Designated List (Amendments)
Please refer to Section 52 of ourMaster Direction on Know Your Customer dated February 25, 2016as amended on January 04, 2024 (MD on KYC), in terms of which, inter alia &ldqu...
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RBI |
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Risk Management and Inter-Bank Dealings – Hedging of foreign exchange risk
Posted Date : 06-Jan-2024 , 11:05:17 am | Posted By: CASANSAAR
RBI/2023-24/108
A. P. (DIR Series) Circular No. 13
January 5, 2024
Authorised Persons
Madam / Sir,
Risk Management and Inter-Bank Dealings – Hedging of foreign exchange risk
Please refer to paragraph 1 of theStatement on Developmental and Regulatory Policies, issued as a part of theBi-monthly Monetary Policy Statement for 2023-24 dated December 08, 2023on review of the regulatory framework for hedging of foreign exchange risks. Attention of Authorised Persons is invited to ...
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Amendment to the Master Direction (MD) on KYC - RBI
Posted Date : 05-Jan-2024 , 08:40:18 am | Posted By: CASANSAAR
RBI/2023-24/107
DOR.AML.REC.66/14.01.001/2023-24
January 04, 2024
The Chairpersons/ CEOs of all the Regulated Entities
Dear Sir/Madam,
Amendment to the Master Direction (MD) on KYC
Please refer to theMaster Direction (MD) on KYC dated February 25, 2016, as amended from time to time, in terms of which Regulated Entities (REs) have to undertake Customer Due Diligence (CDD), as per the process laid out therein, for their customers.
2. In the extant Direction, the definition of Po...
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Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity upto one year) Directions, 2024
Posted Date : 04-Jan-2024 , 11:23:44 am | Posted By: CASANSAAR
RBI/FMRD/2023-24/109
FMRD.DIRD.09/14.02.001/2023-24
January 03, 2024
To
All Eligible Market Participants
Madam/Sir
Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity upto one year) Directions, 2024
Please refer to paragraph 6 of theStatement on Developmental and Regulatory Policies, announced as a part of thesecond Bi-monthly Monetary Policy Statement for 2019-20 dated June 06, 2019regarding Comprehen...
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Designation of 2 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg
Posted Date : 03-Jan-2024 , 11:14:51 am | Posted By: CASANSAAR
RBI/2023-24/106
DOR.AML.REC.65/14.06.001/2023-24
January 02, 2024
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Designation of 2 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg.
In terms of Section 51 read with Section 53A of ourMaster Direction on Know Your Customer dated February 25, 2016as amended on October 17, 2023, &ld...
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RBI |
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Review of Instructions on Bulk Deposits for Urban Co-operative Banks (UCBs)
Posted Date : 01-Jan-2024 , 09:43:30 pm | Posted By: CASANSAAR
RBI/2023-24/104
DoR.SPE.REC.63/13.03.00/2023-2024
January 01, 2024
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Review of Instructions on Bulk Deposits for Urban Co-operative Banks (UCBs)
Please refer to Para 3 (a) (i) ofMaster Direction - Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016 dated May 12, 2016, in terms of which “Bulk Deposit” means single Rupee term deposits of Rupees fifteen lakh and above.
2. On a r...
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RBI |
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Inoperative Accounts /Unclaimed Deposits in Banks- Revised Instructions
Posted Date : 01-Jan-2024 , 09:42:35 pm | Posted By: CASANSAAR
RBI/2023-24/105
DOR.SOG (LEG).REC/64/09.08.024/2023-24
January 1, 2024
Madam / Dear Sir
Inoperative Accounts /Unclaimed Deposits in Banks- Revised Instructions
As per extant instructions, the credit balance in any deposit account maintained with banks, which have not been operated upon for ten years or more, or any amount remaining unclaimed for ten years or more, as mentioned in paragraph 3(iii) of the “Depositor Education and Awareness” (DEA) Fund Scheme, 2014, are req...
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RBI |
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Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Review of National Development Banks
Posted Date : 30-Dec-2023 , 11:34:07 am | Posted By: CASANSAAR
RBI/2023-24/103
DOR.LRG.REC.62/03.10.001/2023-24
December 29, 2023
Madam / Dear Sir,
Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Review of National Development Banks
Please refer to circularDBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018on Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR) – Final Guidelines.
2. NABARD, NHB and SIDBI are considered as National Development Banks (NDBs) under the e...
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Master Direction - Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023
Posted Date : 30-Dec-2023 , 11:23:52 am | Posted By: CASANSAAR
RBI/CEPD/2023-24/108
CEPD.PRD.No.S1228/13.01.019/2023-24
December 29, 2023
(1) Chairman/Managing Director/CEO of All Scheduled Commercial Banks (excluding RRBs)
(2) Chairman/Managing Director/CEO of All NBFCs
(3) Chairman/Managing Director/CEO of Non-Bank System Participants
(4) Chairman/Managing Director/CEO of All Credit Information Companies
Dear Sir / Madam,
Master Direction - Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023
1. The Res...
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RBI |
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Fair Lending Practice - Penal Charges in Loan Accounts: Extension of Timeline for Implementation of Instructions
Posted Date : 30-Dec-2023 , 11:14:53 am | Posted By: CASANSAAR
RBI/2023-24/102
DoR.MCS.REC.61/01.01.001/2023-24
December 29, 2023
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks, excluding Payments Banks)
All Primary (Urban) Co-operative Banks
All NBFCs (including HFCs) and
All India Financial Institutions (EXIM Bank, NABARD, NHB, SIDBI and NaBFID)
Madam / Dear Sir,
Fair Lending Practice - Penal Charges in Loan Accounts: Extension of Timeline for Implementation of Instructions
Reference is in...
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RBI |
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Payments Infrastructure Development Fund – Extension of Scheme and Enhancements
Posted Date : 30-Dec-2023 , 11:09:41 am | Posted By: CASANSAAR
RBI/2023-24/101
CO.DPSS.POLC.No.S940/02-29-005/2023-24
December 29, 2023
The Chairman / Managing Director / Chief Executive Officer
Card Issuing and Acquiring Banks and Non-banks / Authorised Card Networks
Madam / Dear Sir,
Payments Infrastructure Development Fund – Extension of Scheme and Enhancements
Please refer to the Reserve Bank of Indiacircular DPSS.CO.AD No.900/02.29.005/2020-21 dated January 05, 2021, on “Operationalisation of Payments Infrastructure Develop...
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RBI |
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