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Category : RBI |
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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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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 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 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 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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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 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 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 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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RBI Master Circular on SHG-Bank Linkage Programme
Posted Date : 04-Apr-2023 , 01:34:34 pm | Posted By: CASANSAAR
RBI/2023-24/03
FIDD.CO.FID.BC.No.1/12.01.033/2023-24
April 01, 2023
The Chairman/ Managing Director/
Chief Executive Officer
All Scheduled Commercial Banks
Madam/ Dear Sir
Master Circular on SHG-Bank Linkage Programme
The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on SHG-Bank Linkage Programme. In order to enable banks to have instructions at one place, theMaster Circularincorporating the existing guidelines/ inst...
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RBI Master Circular - Guarantees and Co-acceptances
Posted Date : 04-Apr-2023 , 01:32:08 pm | Posted By: CASANSAAR
RBI/2023-24/04
DOR.STR.REC.5/13.07.010/2023-24
April 1, 2023
All Scheduled Commercial Banks
(excluding Payments Banks and RRBs)
Dear Sir / Madam
Master Circular - Guarantees and Co-acceptances
Please refer to theMaster Circular DOR.STR.REC.8/13.07.010/2022-23 dated April 1, 2022consolidating the instructions / guidelines issued to banks till March 31, 2022, relating to Guarantees and Co-acceptances. ThisMaster Circularconsolidates the instructions on the above matter i...
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RBI Master Circular - Guarantees, Co-Acceptances & Letters of Credit - UCBs
Posted Date : 04-Apr-2023 , 01:27:16 pm | Posted By: CASANSAAR
RBI/2023-24/05
DoR.STR.REC.4/09.27.000/2023-24
April 1, 2023
The Managing Director / Chief Executive Officers
All Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Master Circular - Guarantees, Co-Acceptances & Letters of Credit - UCBs
Please refer to ourMaster Circular DoR.STR.REC.9/09.27.000/2022-23 dated April 1, 2022on the captioned subject (available at RBI websitehttps://rbi.org.in/). The enclosedMaster Circularconsolidates and updates all the instructions...
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RBI Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Posted Date : 04-Apr-2023 , 01:19:47 pm | Posted By: CASANSAAR
RBI/2023-24/07
CO.DGBA.GBD.No.S1/31-12-010/2023-2024
April 1, 2023
All Agency Banks
Madam / Dear Sir
Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Please refer to ourMaster Circular RBI/2022-23/08, CO.DGBA.GBD.No.S-1/31.12.010/2022-23 dated April 1, 2022on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India ti...
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RBI Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Posted Date : 01-Apr-2023 , 10:32:12 pm | Posted By: CASANSAAR
RBI/2023-24/06
DOR.STR.REC.3/21.04.048/2023-24
April 1, 2023
All Commercial Banks (excluding RRBs)
Madam/Dear Sir
Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Please refer to theMaster Circular DOR.STR.REC.4/21.04.048/2022-23 dated April 1, 2022consolidating instructions / guidelines issued to banks till March 31, 2022 on matters relating to prudential norms on income recognition, asset classification and p...
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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 |
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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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