Special Clearing Operations on March 31, 2023 - RBI
Posted Date : 31-Mar-2023 , 06:58:51 am | Posted By: CASANSAAR
RBI/2022-23/190
CO.DPSS.RPPD.No.S2185/03-01-002/2022-2023
March 29, 2023
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 / National Payments Corporation of India
Madam / Dear Sir,
Special Clearing Operations on March 31, 2023
A reference is invited to the ...
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Revised Regulatory Framework for Urban Co-operative Banks (UCBs)
Posted Date : 31-Mar-2023 , 06:57:56 am | Posted By: CASANSAAR
RBI/2022-23/189
DOR.CAP.REC. No.109/09.18.201/2022-23
March 28, 2023
Dear Sir/ Madam,
Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy
Please refer to para 7 of thecircular DOR.CAP.REC.No.86/09.18.201/2022-23 dated December 01, 2022on ‘Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy.
2. It has been decided that the instructions shall come into effect from March 31,...
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Annual Closing of Government Accounts
Posted Date : 22-Mar-2023 , 08:59:41 am | Posted By: CASANSAAR
RBI/2022-23/186
CO.DGBA.GBD.No.S1490/42-01-029/2022-2023
March 21, 2023
All Agency Banks
Dear Sir / Madam
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2022-23)
All government transactions done by agency banks for the Financial Year 2022-23 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Gover...
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Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021
Posted Date : 20-Feb-2023 , 08:29:52 pm | Posted By: CASANSAAR
RBI/2022-23/181
DOR.ACC.REC.No.103/21.04.018/2022-23
February 20, 2023
Madam / Dear Sir,
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 – Disclosures for State Co-operative Banks and Central Co-operative Banks
TheReserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021(‘Master Direction’) are applicable to Commercial Banks and Primary Urban Co-operative Banks (UCBs). They harmonize the ...
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Implementation of Indian Accounting Standards (Ind AS) - RBI
Posted Date : 20-Feb-2023 , 08:26:12 pm | Posted By: CASANSAAR
RBI/2022-23/182
DOR.ACC.REC.No.104/21.07.001/2022-23
February 20, 2023
Dear Sir/ Madam,
Implementation of Indian Accounting Standards (Ind AS)
Please refer tocircular DOR (NBFC).CC.PD.No.109/22.10.106/2019-20 dated March 13, 2020on the captioned subject read with paragraph 13 (iii) ofMaster Circular DOR.SIG.FIN.REC 1/26.03.001/2022-23 dated April 1, 2022on Asset Reconstruction Companies.
2. It has been observed that consequent to the implementation of Ind AS, some Asset Reconstru...
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Governance, measurement and management of Interest Rate Risk in Banking Book - RBI
Posted Date : 17-Feb-2023 , 09:08:07 pm | Posted By: CASANSAAR
RBI/2022-23/180
DOR.MRG.REC.102/00-00-009/2022-23
February 17, 2023
Madam / Sir,
Governance, measurement and management of Interest Rate Risk in Banking Book
Interest Rate Risk in Banking Book (IRRBB) refers to the current or prospective risk to banks’ capital and earnings arising from adverse movements in interest rates that affect its banking book positions. Excessive IRRBB can pose a significant risk to banks’ current capital base and/or future earnings. These guideli...
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Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems
Posted Date : 17-Feb-2023 , 06:47:54 am | Posted By: CASANSAAR
RBI/2022-23/178
CO.DPSS.RPPD.No.S1931/04-03-001/2022-23
February 16, 2023
The Chairman / Managing Director / Chief Executive Officer
of member banks participating in NEFT and RTGS Systems
Madam / Dear Sir,
Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems
Under the FCRA, 2010 (amended as on September 28, 2020), foreign contributio...
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Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India
Posted Date : 13-Feb-2023 , 10:42:15 pm | Posted By: CASANSAAR
RBI/2022-23/176
CO.DPSS.POLC.No.S–1907/02.14.006/2022-23
February 10, 2023
All Prepaid Payment Instrument (PPI) Issuers (Banks and Non-banks)
and National Payments Corporation of India (NPCI)
Madam / Dear Sir,
Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India
As announced in theStatement on Developmental and Regulatory Policies dated February 08, 2023, it has been decided to allow access to Unified Payments Interface (UPI) to foreign nation...
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Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Posted Date : 21-Jul-2022 , 10:16:54 am | Posted By: CASANSAAR
RBI/2022-23/92
FIDD.GSSD.CO.BC.No.09/09.01.003/2022-23
July 20, 2022
The Chairman/Managing Director & CEO
Public Sector Banks,
Private Sector Banks (including Small Finance Banks)
Madam/Dear Sir,
Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Please refer to theMaster Circular FIDD.GSSD.CO.BC.No.04/09.01.01/2021-22 dated April 01, 2021on Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM).
2. The ...
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Fully Accessible Route for Investment by Non-residents in Government Securities – Additional specified securities
Posted Date : 08-Jul-2022 , 07:33:18 am | Posted By: CASANSAAR
RBI/2022-23/86
FMRD.FMID.No.04/14.01.006/2022-23
July 07, 2022
To
All participants in Government Securities market
Madam/Sir,
‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Additional specified securities
Please refer to paragraph 3 of thepress release on “Liberalisation of Forex Flows” dated July 06, 2022regarding inclusion of additional ‘specified s...
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Master Direction on Interest Rate on Deposits - RBI
Posted Date : 07-Jul-2022 , 08:34:03 am | Posted By: CASANSAAR
RBI/2022-23/82
DOR.SOG (SPE).REC.No 53/13.03.000/2022-23
July 06, 2022
All Scheduled Commercial Banks (including Regional Rural Banks)
All Small Finance Banks
All Local Area Banks
All Payment Banks
All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks
Dear Sir / Madam,
Master Direction on Interest Rate on Deposits - Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (Externa...
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Requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank PSOs and sale / transfer of payment system activity of non-bank PSO
Posted Date : 05-Jul-2022 , 12:22:31 pm | Posted By: CASANSAAR
RBI/2022-23/80
CO.DPSS.POLC.No.S-590/02-14-006/2022-23
July 04, 2022
The Chairman / Managing Director / Chief Executive Officer
Bank and Non-bank Payment System Operators (PSOs)
Madam / Dear Sir,
Requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank PSOs and sale / transfer of payment system activity of non-bank PSO
A reference is invited to Reserve Bank of India (RBI) instructions c...
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Provisioning Requirement for Investment in Security Receipts (SRs) - RBI
Posted Date : 29-Jun-2022 , 08:32:28 am | Posted By: CASANSAAR
RBI/2022-23/78
DOR.STR.REC.51/21.04.048/2022-23
June 28, 2022
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks
All Local Area Banks and Regional Rural Banks
All All-India Financial Institutions
All Non-Banking Financial Companies
Provisioning Requirement for Investment in Security Receipts (SRs)
Please refer to clause 77 of theMaster Direction – Reserve Bank of India (T...
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RBI extends timeline for storing of Card-on-File (CoF) data by 3 months
Posted Date : 25-Jun-2022 , 09:43:50 am | Posted By: CASANSAAR
RBI/2022-23/77
CO.DPSS.POLC.No.S-567/02-14-003/2022-23
June 24, 2022
All Payment System Providers and Payment System Participants
Madam / Dear Sir,
Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]
Reference is invited toReserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/ 2019-20 dated March 17, 2020andCO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021on “Guidelines on Regulation ...
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RBI Master Circular - Housing Finance for UCBs
Posted Date : 24-Jun-2022 , 07:45:34 am | Posted By: CASANSAAR
RBI/2022-23/76
DOR.CRE.REC.No.49/09.22.010/2022-23
June 23, 2022
All Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Master Circular - Housing Finance for UCBs
Please refer to ourMaster Circular DCBR.BPD.(PCB) MC No.9/09.22.010/2015-16 dated July 1, 2015on the captioned subject (available at RBI websitehttps://rbi.org.in/). The enclosedMaster Circularconsolidates and updates all the instructions / guidelines on the subject issu...
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RBI extends timeline for Master direction on Credit and Debit Card
Posted Date : 22-Jun-2022 , 08:15:19 am | Posted By: CASANSAAR
RBI/2022-23/74
DoR.AUT.REC.No.48/24.01.041/2022-23
June 21, 2022
All Scheduled Banks (excluding Payments Banks/State Co-operative Banks and District Central Co-operative Banks)
All Non-Banking Financial Companies (NBFCs)
Madam/Dear Sir
Extension of timeline for implementation of certain provisions of Master Direction – Credit
Card and Debit Card – Issuance and Conduct Directions, 2022
Please refer to paragraph ...
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Processing of e-mandates for recurring transactions - RBI
Posted Date : 17-Jun-2022 , 08:42:48 am | Posted By: CASANSAAR
RBI/2022-23/73
CO.DPSS.POLC.No.S-518/02.14.003/2022-23
June 16, 2022
The Chairman / 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 / Payments Banks /
Small Finance Banks / Local Area Banks /
Non-bank Prepaid Payment Instrument Issuers / Authorised Card Payment Networks /
National P...
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Sovereign Gold Bond (SGB) Scheme 2022-23 - RBI
Posted Date : 17-Jun-2022 , 08:41:59 am | Posted By: CASANSAAR
RBI/2022-23/72
IDMD.CDD.No.S789/14.04.050/2022-23
June 16, 2022
Scheduled 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 2022-23
Government of India, vide itsNotification No F.No4.(6)-B (W&am...
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Bank finance to Government owned entities - RBI
Posted Date : 15-Jun-2022 , 11:00:35 am | Posted By: CASANSAAR
RBI/2022-23/71
DOR.CRE.REC.No.47/13.03.00/2022-23
June 14, 2022
All Scheduled Commercial Banks
(Excluding RRBs)
Madam / Dear Sir
Bank finance to Government owned entities
Please refer to theMaster Circulars DBR.No.Dir.BC.10/13.03.00/2015-16 dated July 1, 2015on ‘Loans and Advances – Statutory and Other Restrictions’ andDOR.CRE.REC.No.06/08.12.001/2022-23 dated April 1, 2022on ‘Housing Finance’.
...
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Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer
Posted Date : 07-Jun-2022 , 08:12:47 am | Posted By: CASANSAAR
RBI/2022-23/61
DOR.STR.REC.40/21.04.048/2022-23
June 6, 2022
All Non-Banking Financial Companies
(Including Housing Finance Companies)
Madam / Dear Sir,
Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer
Please refer to thecircular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021on “Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs” wherein it was in...
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Master Direction – Reserve Bank of India (Variation Margin) Directions, 2022
Posted Date : 02-Jun-2022 , 08:26:11 am | Posted By: CASANSAAR
RBI/2022-23/93
FMRD.DIRD.02/14.01.023/2022-23
June 01, 2022
To
All Eligible Market Participants
Madam/Sir
Master Direction – Reserve Bank of India (Variation Margin) Directions, 2022
Please refer to Paragraph 10 of theStatement on Developmental and Regulatory Policiesannounced as a part of theBi-monthly Monetary Policy Statement for 2019-20 dated February 06, 2020, on issuance of the Directions regarding exchange of ...
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Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit - Extension
Posted Date : 01-Jun-2022 , 12:55:04 pm | Posted By: CASANSAAR
RBI/2022-23/60
DOR.STR.REC.39/04.02.001/2022-23
May 31, 2022
All Scheduled Commercial Banks (excluding RRBs),
Small Finance Banks,
Primary (Urban) Cooperative Banks & State Cooperative Banks (scheduled banks having AD category-I license), andExim Bank
Dear Sir / Madam,
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit - Extension
Please refer to paragraph 2.4 of thecircular No. DOR.STR.REC...
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Bharat Bill Payment System – Amendment to guidelines - RBI
Posted Date : 27-May-2022 , 10:35:55 am | Posted By: CASANSAAR
RBI/2022-2023/58
CO.DPSS.POLC.No. S-253/02-27-020/2022-23
May 26, 2022
The Chairman and Managing Director / Chief Executive Officer
NPCI Bharat BillPay Ltd. / Bharat Bill Payment System Providers /
Participants and prospective Bharat Bill Payment Operating Units
Madam / Dear Sir,
Bharat Bill Payment System – Amendment to guidelines
This has reference to the guidelines on Bharat Bill Payment System (BBPS) issued by th...
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Guidelines on import of gold by Qualified Jewellers as notified by – The International Financial Services Centers Authority (IFSCA)
Posted Date : 26-May-2022 , 08:34:26 am | Posted By: CASANSAAR
RBI/2022-2023/57
A.P. (DIR Series) Circular No.04
May 25, 2022
To
All Category-I Authorised Dealer Banks
Madam/Sir,
Guidelines on import of gold by Qualified Jewellers as notified by – The International Financial Services Centers Authority (IFSCA)
Directorate General of Foreign Trade (DGFT) formulate and implement the Foreign Trade Policy and Procedures in terms of Foreign Trade (Development and Regulation) Act, 1992...
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Housing Finance – Loans for repairs/additions/alterations - Enhancement of limits
Posted Date : 24-May-2022 , 04:07:25 pm | Posted By: CASANSAAR
RBI/2022-23/56
DOR.CRE.REC.18/09.22.010/2022-23
May 24, 2022
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Housing Finance – Loans for repairs/additions/alterations - Enhancement of limits
Please refer to para 2 of thecircular UBD.CO.BPD.(PCB).Cir.No.13/09.22.010/2013-14 dated September 10, 2013on the captioned subject, wherein, the ceiling on loans to individuals for carrying out repairs/additions/alterations to ...
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RBI (Financial Statements - Presentation and Disclosures) Directions, 2021 - Reporting of reverse repos with Reserve Bank on the bank’s balance sheet
Posted Date : 20-May-2022 , 07:59:59 am | Posted By: CASANSAAR
RBI/2022-23/55
DOR.ACC.REC.No.37/21.04.018/2022-23
May 19, 2022
Dear Sir/ Madam,
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Reporting of reverse repos with Reserve Bank on the bank’s balance sheet
Please refer to the ‘Notes and Instructions for Compilation’ given in Part A of Annexure II to theReserve Bank of India (Financial Statements - Presentation and Disclosures) D...
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Interoperable Card-less Cash Withdrawal (ICCW) at ATMs - RBI
Posted Date : 20-May-2022 , 07:58:38 am | Posted By: CASANSAAR
RBI/2022-23/54
CO.DPSS.POLC.No.S-227/02-10-002/2022-23
May 19, 2022
The Chairman and Managing Director / Chief Executive Officer
Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Payment Banks / Small Finance Banks /
National Payments Corporation of India (NPCI) /
ATM Networks / White Label ATM Operators (WLAOs)
Madam / Dear Sir,
Inte...
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New Definition of Micro, Small and Medium Enterprises - Clarification by RBI
Posted Date : 20-May-2022 , 07:56:47 am | Posted By: CASANSAAR
RBI/2022-23/52
FIDD.MSME & NFS.BC.No.7/06.02.31/2022-23
May 19, 2022
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,
New Defin...
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Maintenance of Cash Reserve Ratio (CRR) - RBI
Posted Date : 05-May-2022 , 07:21:21 am | Posted By: CASANSAAR
RBI/2022-23/46
DOR.RET.REC.33/12.01.001/2022-23
May 04, 2022
All Banks
Madam/Sir,
Maintenance of Cash Reserve Ratio (CRR)
Please refer to ourcircular DOR.No.Ret.BC.35/12.01.001/2020-21 dated February 05, 2021and relative notification on the captioned subject.
2. As announced in theGovernor’s Statement dated May 04, 2022, it has been decided to increase the Cash Reserve Ratio (CRR) of all banks by 50 basis points from 4.00 percent to 4.50 percent of their Net Demand and T...
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Change in Bank Rate - RBI
Posted Date : 05-May-2022 , 07:20:39 am | Posted By: CASANSAAR
RBI/2022-23/45
DOR.RET.REC.32/12.01.001/2022-23
May 04, 2022
All Banks
Madam/Sir,
Change in Bank Rate
Please refer to ourcircular DOR.No.Ret.BC.74/12.01.001/2019-20 dated May 22, 2020on the captioned subject.
2. As announced in theMonetary Policy Statement 2022-23 dated May 04, 2022, the Bank Rate is revised upwards by 40 basis points from 4.25 per cent to 4.65 per cent with immediate eff...
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