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Category : RBI |
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RBI Master Direction on Minimum Capital Requirements for Operational Risk
Posted Date : 26-Jun-2023 , 09:45:24 pm | Posted By: CASANSAAR
Master Direction on Minimum Capital Requirements for Operational Risk.
In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest to do so, hereby issues the Directions hereinafter specified. These Directions require a specified Commercial Bank (covered under ‘Applicability’) to hold sufficient regulatory capital against its exposures arising from operat...
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Status of MIFOR as a Significant Benchmark - RBI
Posted Date : 23-Jun-2023 , 08:18:54 pm | Posted By: CASANSAAR
RBI/2023-24/46
FMRD.FMSD.03/03.07.25/2023-24
June 23, 2023
To
All the Financial Benchmark Administrators
Madam/Sir
Status of MIFOR as a Significant Benchmark
Please refer to theRBI circular dated January 01, 2020andDecember 01, 2022, notifying, inter-alia, the financial benchmarks administered by Financial Benchmarks India Pvt. Ltd. (FBIL) viz., Mumbai Interbank Forward Outright Rate (MIFOR) and Modified Mumbai Interbank Forward Outright Rate (MMIFOR) as ‘significant b...
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RBI |
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Remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme (LRS)
Posted Date : 23-Jun-2023 , 09:18:08 am | Posted By: CASANSAAR
RBI/2023-24/45
A.P. (DIR Series) Circular No. 06
June 22, 2023
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) Circular No. 11 dated February 16, 2021andA.P. (DIR Series) Circular No. 03 dated April 26, 2023on “Remittances to International Financial Services Centres (IFSCs) in India under the Liberalised Remit...
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RBI |
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Sovereign Gold Bond (SGB) Scheme 2023-24 - RBI
Posted Date : 15-Jun-2023 , 10:06:59 pm | Posted By: CASANSAAR
RBI/2023-24/44
IDMD.CDD.No.S650/14.04.050/2023-24
June 15, 2023
Scheduled Commercial Banks (as per the list attached),
Designated Post Offices (as per the list attached)
Stock Holding Corporation of India Ltd.
National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd.
Clearing Corporation of India Ltd.
Madam/Dear Sir,
Sovereign Gold Bond (SGB) Scheme 2023-24
Government of India, vide itsNotification No F.No 4.(6) - B(W&M)/2023 dated June 14, 2023, has announced Sove...
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RBI |
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Agency Commission for collection of indirect taxes through ICEGATE payment gateway - RBI
Posted Date : 14-Jun-2023 , 09:17:22 pm | Posted By: CASANSAAR
RBI/2023-24/43
CO.DGBA.GBD.No.S295/31-12-010/2023-2024
June 14, 2023
All Agency banks
Madam / Dear Sir
Agency Commission for collection of indirect taxes through ICEGATE payment gateway
Please refer to Para 21 of ourMaster Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated April 1, 2023related to claiming of agency commission.
2. Since certain transactions related to collection of indirect taxes through ICEGATE (CEP) payment gateway...
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Priority Sector Lending (PSL) targets / sub-targets and contribution against shortfall in achievement of PSL targets
Posted Date : 10-Jun-2023 , 09:37:13 am | Posted By: CASANSAAR
RBI/2023-24/42
DOR.CRE.REC.18/07.10.002/2023-24
June 8, 2023
Primary (Urban) Co-operative Banks other than Salary Earners’ Banks
Madam / Dear Sir,
Priority Sector Lending (PSL) targets / sub-targets and contribution against shortfall in achievement of PSL targets – Primary (Urban) Co-operative Banks (UCBs) - Extension of time
Please refer to para 3 of thecircular DOR (PCB).BPD.Cir No.10/13.05.000/2019-201dated March 13, 2020, and para 5 ofMaster Direction on Priority ...
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RBI |
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Guidelines on Default Loss Guarantee (DLG) in Digital Lending - RBI
Posted Date : 10-Jun-2023 , 09:36:08 am | Posted By: CASANSAAR
RBI/2023-24/41
DOR.CRE.REC.21/21.07.001/2023-24
June 08, 2023
All Commercial Banks (including Small Finance Banks),
Primary (Urban) Co-operative Banks, State Co-operative Banks,
Central Co-operative Banks; and
Non-Banking Financial Companies (including Housing Finance Companies)
Madam/ Dear Sir,
Guidelines on Default Loss Guarantee (DLG) in Digital Lending
A reference is invited to Para (3.4.3.1) of Section C of Annex-II to theRBI Press Release “Recommendations of the Wo...
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RBI |
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Rationalization of Branch Authorisation Policy for Urban Co-operative Banks (UCBs)
Posted Date : 09-Jun-2023 , 09:56:09 am | Posted By: CASANSAAR
RBI/2023-24/39
DOR.REG.No.19/07.01.000/2023-24
June 08, 2023
Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks (except Salary Earners’ Banks)
Madam / Dear Sir
Rationalization of Branch Authorisation Policy for Urban Co-operative Banks (UCBs)
A reference is made to the circular on the revised criteria for classifying a UCB as Financially Sound and Well Managed (FSWM) issued by RBI videcircular DOR.REG.No.85/07.01.000/2022-23 dated December 0...
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RBI |
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Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021-Review
Posted Date : 09-Jun-2023 , 09:55:12 am | Posted By: CASANSAAR
RBI/2022-23/38
FMRD.DIRD.02/14.01.001/2023-24
June 08, 2023
To
All Eligible Market Participants
Madam / Sir
Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021-Review
Please refer to Paragraph 1 of theStatement on Developmental and Regulatory Policies, announced as a part of theBi-monthly Monetary Policy Statement for 2023-24 dated June 08, 2023, regarding Borrowing in Call and Notice Money Markets by Scheduled Commercial Banks. Attention is also invit...
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RBI |
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Expanding the Scope of Trade Receivables Discounting System - RBI
Posted Date : 07-Jun-2023 , 09:11:17 pm | Posted By: CASANSAAR
RBI/2023-24/37
CO.DPSS.POLC.No.S-258/02-01-010/2023-24
June 7, 2023
The Trade Receivables Discounting System Platform Operators and Participants /
National Payments Corporation of India (NPCI)
Madam / Dear Sir,
Expanding the Scope of Trade Receivables Discounting System
To ease constraints faced by Micro, Small and Medium Enterprises (MSMEs) in converting their trade receivables to liquid funds, the Reserve Bank of India (RBI) had issued the ‘Guidelines for the Trade Recei...
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RBI |
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Risk Management and Inter-Bank Dealings - Non-deliverable derivative contracts (NDDCs)
Posted Date : 07-Jun-2023 , 06:50:28 am | Posted By: CASANSAAR
RBI/2023-24/36
A. P. (DIR Series) Circular No. 05
June 06, 2023
All Authorised Dealer Category – I Banks
Madam / Sir,
Risk Management and Inter-Bank Dealings - Non-deliverable derivative contracts (NDDCs)
Please refer to Paragraph 1 of theStatement on Developmental and Regulatory Policiesannounced as a part of thefirst Bi-monthly Monetary Policy Statement for 2023-24 dated April 06, 2023regarding development of the onshore non-deliverable derivative market. Attention of Aut...
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RBI |
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Rs. 2000 Denomination Banknotes
Posted Date : 23-May-2023 , 09:26:59 pm | Posted By: CASANSAAR
RBI/2023-24/33
DCM(Plg) No.S-239/10.27.00/2023-24
May 22, 2023
The Chairman / Managing Director/ Chief Executive Officer
All Banks
Dear Sir /Madam,
Rs. 2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender
In continuation to ourcircular DCM(Plg) No.S-236/10.27.00/2023-24 dated May 19, 2023on the captioned subject, it is advised as follows:
2. The facility of exchange of Rs. 2000 banknotes across the counter shall be provided to the pub...
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Rs. 2000 Denomination Banknotes
Posted Date : 19-May-2023 , 09:50:41 pm | Posted By: CASANSAAR
RBI/2023-24/32
DCM(Plg) No.S-236/10.27.00/2023-24
May 19, 2023
The Chairman / Managing Director/ Chief Executive Officer
All Banks
Dear Sir/Madam,
?2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender
?2000 denomination banknote was introduced inNovember 2016under Section 24(1) of RBI Act, 1934 primarily to meet the immediate currency requirement of the economy after withdrawal of the legal tender status of all ?500 and ?1000 banknotes i...
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RBI |
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Reserve Bank Advisory on LIBOR Transition
Posted Date : 12-May-2023 , 07:21:09 pm | Posted By: CASANSAAR
RBI/2023-24/30
CO.FMRD.DIRD.01/14.02.001/2023-24
May 12, 2023
To
The Chief Executive Officer/ Chairman/Managing Director,
All Commercial and Co-operative Banks / All India Financial Institutions /
Non-Banking Financial Companies including Housing Finance Companies and
Standalone Primary Dealers
Madam / Dear Sir
LIBOR Transition
Attention of banks/financial institutions (FIs) is drawn to the Reserve Bank advisory on“Roadmap for LIBOR Transition” dated July 08, 20...
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RBI |
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RBI Master Circular on Basel III Capital Regulations
Posted Date : 12-May-2023 , 07:19:02 pm | Posted By: CASANSAAR
RBI/2023-24/31
DOR.CAP.REC.15/21.06.201/2023-24
May 12, 2023
All Scheduled Commercial Banks
(Excluding Small Finance Banks, Payments Banks
and Regional Rural Banks)
Madam / Dear Sir,
Master Circular – Basel III Capital Regulations
Please refer to theMaster Circular No. DOR.CAP.REC.3/21.06.201/2022-23 dated April 1, 2022, consolidating therein the prudential guidelines on Basel III capital adequacy issued to banks till that date.
2. The instructions contained in the afo...
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RBI |
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Levy of charges on forex prepaid cards/store value cards/travel cards, etc. - RBI
Posted Date : 10-May-2023 , 07:08:32 am | Posted By: CASANSAAR
RBI/2023-24/29
A.P. (DIR Series) Circular No. 04
May 09, 2023
To
All Authorised Persons
Madam / Sir
Levy of charges on forex prepaid cards/store value cards/travel cards, etc.
Attention of Authorised Dealers is invited to relevant instructions contained inA.P. (DIR Series) Circular No. 46 dated June 14, 2005andA.P. (DIR Series) Circular No. 102 dated April 02, 2012, regarding use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards or any other instrument that...
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RBI |
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Formalisation of Informal Micro Enterprises on Udyam Assist Platform - RBI
Posted Date : 10-May-2023 , 07:07:00 am | Posted By: CASANSAAR
RBI/2023-24/27
FIDD.MSME & NFS.BC.No.09/06.02.31/2023-24
May 09, 2023
The Chairman/ Managing Director/Chief Executive Officer
All Commercial Banks
(including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks
/ District Central Co-operative Banks
All-India Financial Institutions
All Non-Banking Financial Companies
Dear Sir / Madam
Formalisation of Informal Micro Enterprises on Udyam Assist Platfor...
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RBI |
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Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs
Posted Date : 08-May-2023 , 09:11:58 pm | Posted By: CASANSAAR
RBI/2023-24/26
DOR.STR.REC.14/21.04.048/2023-24
May 08, 2023
The Chief Executive Officers
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs
Please refer to ourMaster Circular DOR.STR.REC.5/21.04.048/2022-23 dated April 1, 2022on the captioned subject. The enclosedMaster Circularconsolidates and updates all the instructions / guidelines on the subject issued till date ...
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RBI |
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Amendment to the Master Direction (MD) on KYC
Posted Date : 05-May-2023 , 08:55:40 am | Posted By: CASANSAAR
RBI/2023-24/25
DOR.AML.REC.13/14.01.001/2023-24
May 4, 2023
The Chairpersons/ CEOs of all the Regulated Entities
Dear Sir/Madam,
Amendment to the Master Direction (MD) on KYC – Instructions on Wire Transfer
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), inter alia, have to undertake certain measures while dealing with the Wire Transfer.
2. In this regard, on a review, it h...
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Amendment to the Master Direction (MD) on KYC - RBI
Posted Date : 29-Apr-2023 , 07:12:46 am | Posted By: CASANSAAR
RBI/2023-24/24
DOR.AML.REC.111/14.01.001/2023-24
April 28, 2023
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 this regard, on a review, it has been decide...
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RBI |
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General Credit Card (GCC) Facility
Posted Date : 25-Apr-2023 , 04:48:08 pm | Posted By: CASANSAAR
RBI/2023-24/19
FIDD.MSME & NFS.BC.No.06/06.02.31/2023-24
April 25, 2023
The Chairman/Managing Director/ Chief Executive Officer
Scheduled Commercial Banks (excluding Payments Banks) and
Scheduled Urban Co-operative Banks
Dear Sir / Madam
General Credit Card (GCC) Facility – Review
Please refer to ourCircular RPCD.MSME & NFS.BC.No.61/06.02.31/2013-14 dated December 02, 2013on the Revised General Credit Card (GCC) Scheme.
2. On review of the above, and in the lig...
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RBI |
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Provisioning for standard assets by primary (Urban) co-operative banks
Posted Date : 25-Apr-2023 , 07:39:40 am | Posted By: CASANSAAR
RBI/2023-24/18
DOR.STR.REC.12/21.04.048/2023-24
April 24, 2023
All Primary (Urban) Co-operative Banks,
Madam / Dear Sir,
Provisioning for standard assets by primary (Urban) co-operative banks – revised norms under four-tiered regulatory framework
Please refer tocircular DOR.REG.No.84/07.01.000/2022-23 dated December 01, 2022, in terms of which Urban Co-operative Banks (UCBs) have been categorized into four Tiers namely Tier 1, Tier 2, Tier 3 and Tier 4 for regulatory purpos...
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RBI |
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RBI Master Circular - Housing Finance for UCBs
Posted Date : 13-Apr-2023 , 03:36:56 pm | Posted By: CASANSAAR
RBI/2023-24/15
DOR.CRE.REC.No.9/07.10.002/2023-24
April 11, 2023
All Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Master Circular - Housing Finance for UCBs
Please refer to ourMaster Circular DOR.CRE.REC.No.49/09.22.010/2022-23 dated June 23, 2022on the captioned subject (available at RBI websitehttps://rbi.org.in/). The enclosedMaster Circularconsolidates and updates all the instructions / guidelines on the subject issued till date.
Yours faithfully
(Manoranjan Mishr...
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RBI |
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RBI Master Direction on Outsourcing of Information Technology Services
Posted Date : 10-Apr-2023 , 02:05:50 pm | Posted By: CASANSAAR
Regulated Entities (REs) have been extensively leveraging Information Technology (IT) and IT enabled Services (ITeS) to support their business models, products and services offered to their customers. REs also outsource substantial portion of their IT activities to third parties, which expose them to various risks....
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RBI |
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RBI Master Circular on Lead Bank Scheme
Posted Date : 04-Apr-2023 , 02:02:53 pm | Posted By: CASANSAAR
RBI/2023-24/11
FIDD.CO.LBS.BC.No.04/02.01.001/2023-24
April 03, 2023
The Chairman/ Managing Director/ Chief Executive Officer
SLBC/ UTLBC Convenor Banks / Lead Banks
Madam/ Dear Sir,
Master Circular – Lead Bank Scheme
The Reserve Bank of India has issued a number of guidelines/ instructions on Lead Bank Scheme from time to time. ThisMaster Circularconsolidates the relevant guidelines/ instructions issued by Reserve Bank of India on Lead Bank Scheme up to March 31, 2023 as ...
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RBI |
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RBI Master Circular on Housing Finance
Posted Date : 04-Apr-2023 , 02:01:11 pm | Posted By: CASANSAAR
RBI/2023-24/08
DOR.CRE.REC.No.06/08.12.001/2023-24
April 03, 2023
All Scheduled Commercial Banks (excluding RRBs)
Dear Sir/Madam,
Master Circular – Housing Finance
Please refer to theMaster Circular DOR.CRE.REC.No.06/08.12.001/2022-23 dated April 01, 2022consolidating the instructions / guidelines issued to banks till March 31, 2022. relating to Housing Finance. ThisMaster Circularconsolidates instructions on the above matter issued up to March 31, 2023.
Yours faithfully...
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RBI |
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Master Circular - Bank Finance to Non-Banking Financial Companies (NBFCs)
Posted Date : 04-Apr-2023 , 01:59:38 pm | Posted By: CASANSAAR
RBI/2023-24/09
DOR.CRE.REC.No.07/21.04.172/2023-24
April 03, 2023
All Scheduled Commercial Banks (excluding RRBs)
Madam/ Dear Sir,
Master Circular - Bank Finance to Non-Banking Financial Companies (NBFCs)
Please refer to ourMaster Circular DOR.CRE.REC.No.07/21.04.172/2022-23 dated April 01, 2022on the captioned subject. ThisMaster Circularconsolidates instructions on the above matter issued up to March 31, 2023.
Yours faithfully,
(Manoranjan Mishra)
Chief General Manager...
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RBI |
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RBI Master Circular - Disbursement of Government Pension by Agency Banks
Posted Date : 04-Apr-2023 , 01:57:50 pm | Posted By: CASANSAAR
RBI/2023-24/10
DGBA.GBD.No.S3/31.02.007/2023-24
April 03, 2023
All Agency Banks
Dear Sir/Madam
Master Circular - Disbursement of Government Pension by Agency Banks
Please refer to ourMaster Circular RBI/2022-23/09 dated April 01, 2022on the above subject. We have revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India till March 31, 2023.
2. A copy of the revisedMaster Circularis enclosed for your inf...
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RBI |
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RBI Master Circular on Credit Facilities to Minority Communities
Posted Date : 04-Apr-2023 , 01:39:22 pm | Posted By: CASANSAAR
RBI/2023-24/02
FIDD.GSSD.BC.No.02/09.10.001/2023-24
April 01, 2023
The Chairman/Managing Director/Chief Executive Officer
All Scheduled Commercial Banks
(excluding RRBs and Foreign Banks with less than 20 branches)
Madam/ Dear Sir,
Master Circular on Credit Facilities to Minority Communities
The Reserve Bank of India has periodically issued guidelines/instructions/directives to banks with regard to providing credit facilities to Minority Communities. TheMaster Circularenclosed ...
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RBI |
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RBI Master Circular on Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
Posted Date : 04-Apr-2023 , 01:37:04 pm | Posted By: CASANSAAR
RBI/2023-24/01
FIDD.CO.GSSD.BC.No.03/09.09.001/2023-24
April 01, 2023
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (including Small Finance Banks)
Madam / Dear Sir,
Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (S...
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