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Category : RBI |
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Financial Inclusion Index for March 2023 - RBI
Posted Date : 16-Sep-2023 , 03:38:10 pm | Posted By: CASANSAAR
In consultation with the concerned stakeholders including the Government, the Reserve Bank of India had constructed a compositeFinancial Inclusion Index(FI-Index) to capture the extent of financial inclusion across the country, which was first published in August 2021 for the FY ending March 2021.
Index for the year ending March 2023 has since been prepared. The value of FI Index for March 2023 stands at60.1vis-à-vis56.4in March 2022, with growth witnessed across all sub-indices. Imp...
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Release of Movable / Immovable Property Documents on Repayment/ Settlement of Personal Loans - RBI
Posted Date : 14-Sep-2023 , 07:55:46 am | Posted By: CASANSAAR
RBI/2023-24/60
DoR.MCS.REC.38/01.01.001/2023-24
September 13, 2023
All Commercial Banks (including Small Finance Banks
and Regional Rural Banks, excluding Payments Banks)
All Local Area Banks
All Primary (Urban) Co-operative Banks
All State Co-operative Banks and District Central Co-operative Banks
All NBFCs (including HFCs)
All Asset Reconstruction Companies
Madam / Dear Sir,
Responsible Lending Conduct – Release of Movable / Immovable Property Documents on Repayment/ S...
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RBI |
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Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023
Posted Date : 13-Sep-2023 , 09:16:31 am | Posted By: CASANSAAR
Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023
The extant regulatory instructions on classification and valuation of investment portfolio by commercial banks, as contained in the Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2021, are largely based on a framework introduced in October 2000 drawing upon the then prevailing global standards and bes...
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RBI |
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Responsible Lending Conduct
Posted Date : 13-Sep-2023 , 09:12:18 am | Posted By: CASANSAAR
RBI/2023-24/60
DoR.MCS.REC.38/01.01.001/2023-24
September 13, 2023
All Commercial Banks (including Small Finance Banks
and Regional Rural Banks, excluding Payments Banks)
All Local Area Banks
All Primary (Urban) Co-operative Banks
All State Co-operative Banks and District Central Co-operative Banks
All NBFCs (including HFCs)
All Asset Reconstruction Companies
Madam / Dear Sir,
Responsible Lending Conduct – Release of Movable / Immovable Property Documents on Repayment/ S...
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RBI |
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Operation of Pre-Sanctioned Credit Lines at Banks through Unified Payments Interface (UPI)
Posted Date : 05-Sep-2023 , 07:49:40 am | Posted By: CASANSAAR
RBI/2023-24/58
CO.DPSS.POLC.No.S-567/02-23-001/2023-2024
September 04, 2023
The Managing Director / Chief Executive Officer
Scheduled Commercial Banks (excluding Payment Banks, Small Finance Banks and Regional Rural Banks)
Madam / Dear Sir,
Operation of Pre-Sanctioned Credit Lines at Banks through Unified Payments Interface (UPI)
Please refer to theStatement on Developmental and Regulatory Policies dated April 06, 2023, expanding the scope of UPI by enabling transfer to / from p...
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Enhancing transaction limits for Small Value Digital Payments in Offline Mode - RBI
Posted Date : 25-Aug-2023 , 08:10:18 am | Posted By: CASANSAAR
RBI/2023-24/57
CO.DPSS.POLC.No.S526/02-14-003/2023-24
August 24, 2023
The Chairman / Managing Director / Chief Executive Officer
Authorised Payment System Operators and Participants (Banks and Non-banks)
Madam / Dear Sir,
Enhancing transaction limits for Small Value Digital Payments in Offline Mode
This has reference to the Reserve Bank of Indiacircular CO.DPSS.POLC.No.S1264/02-14-003/2021-2022 dated January 03, 2022on “Framework for Facilitating Small Value Digital Paymen...
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RBI |
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Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans
Posted Date : 19-Aug-2023 , 07:59:50 am | Posted By: CASANSAAR
RBI/2023-24/55
DOR.MCS.REC.32/01.01.003/2023-24
August 18, 2023
All Scheduled Commercial Banks
Regional Rural Banks
Primary (Urban) Co-operative Banks
State Co-operative Banks and District Central Co-operative Banks
Non-Banking Financial Companies (including Housing Finance Companies)
Madam / Dear Sir,
Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans1
Please refer to ourcircular no. DBR.No.Dir.BC.10/13.03.00/2015-16 dated July 01, 2015...
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RBI |
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Review of Regulatory Framework for IDF-NBFCs
Posted Date : 19-Aug-2023 , 07:58:50 am | Posted By: CASANSAAR
RBI/2023-24/54
DoR.SIG.FIN.REC.31/03.10.001/2023-24
August 18, 2023
All Infrastructure Debt Fund-NBFCs (IDF-NBFCs)
Dear Sir/ Madam,
Review of Regulatory Framework for IDF-NBFCs
In order to enable IDF-NBFCs to play a greater role in the financing of the infrastructure sector and to harmonise the regulations governing financing of infrastructure sector by the NBFCs, a review of the guidelines applicable to IDF-NBFCs has been undertaken, in consultation with the Government of India....
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RBI |
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Fair Lending Practice - Penal Charges in Loan Accounts
Posted Date : 19-Aug-2023 , 07:58:04 am | Posted By: CASANSAAR
RBI/2023-24/53
DoR.MCS.REC.28/01.01.001/2023-24
August 18, 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
Reserve Bank has issued various guidelines to the Regulated Entities (REs) t...
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RBI |
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Reserve Bank of India Act, 1934 - Section 42(1A) - Requirement for maintaining additional CRR
Posted Date : 12-Aug-2023 , 07:57:58 am | Posted By: CASANSAAR
RBI/2023-24/52
DOR.RET.REC.29/12.01.001/2023-24
August 10, 2023
The Chairperson / CEOs of all Scheduled Commercial Banks / Regional Rural Banks /
All Scheduled Primary (Urban) Co-operative Banks / All Scheduled State Co-operative Banks
Madam / Dear Sir,
Reserve Bank of India Act, 1934 - Section 42(1A) - Requirement for maintaining additional CRR
Under Section 42(1) of the Reserve Bank of India Act, 1934, all Scheduled Banks are required to maintain with Reserve Bank of India a C...
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RBI |
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Master Circular - Management of Advances - UCBs - RBI
Posted Date : 26-Jul-2023 , 06:48:44 am | Posted By: CASANSAAR
RBI/2023-24/51
DOR.CRE.REC.No.27/07.10.002/2023-24
July 25, 2023
All Primary (Urban) Co-operative Banks
Dear Sir/ Madam,
Master Circular - Management of Advances - UCBs
Please refer to ourMater Circular DOR.CRE.REC.No.17/13.05.000/2022-23 dated April 8, 2022on the captioned subject. The enclosedMaster Circularconsolidates and updates all the instructions / guidelines on the subject issued till date.
Yours faithfully
(Manoranjan Mishra)
Chief General Manager
Encl.: as ab...
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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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RBI |
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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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RBI |
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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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RBI |
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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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