| Notifications/Circulars |
Category : RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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 |
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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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RBI |
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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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RBI |
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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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RBI |
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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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Standing Liquidity Facility for Primary Dealers - RBI
Posted Date : 05-May-2022 , 07:19:54 am | Posted By: CASANSAAR
RBI/2022-23/44
REF.No.MPD.BC.S33/07.01.279/2022-23
May 4, 2022
All Primary Dealers,
Standing Liquidity Facility for Primary Dealers
In theMonetary Policy Statement 2022-23, dated May 4, 2022, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 40 basis points to 4.40 per cent from 4.00 per cent with immediate effect.
2. Accordingly, the Standing Liquidity Facility provided to Primary Dealers (PDs) (collateralised liquidity support) from the Re...
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RBI |
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ASBA designated branches to remain open for public on May 8, 2022 (Sunday) to facilitate processing of applications for LIC IPO
Posted Date : 05-May-2022 , 07:18:54 am | Posted By: CASANSAAR
RBI/2022-23/43
DOR.LEG.REC.No.35/09.07.005/2022-23
May 4, 2022
All Scheduled Commercial Banks
Madam/ Dear Sir
ASBA designated branches to remain open for public on May 8, 2022 (Sunday) to facilitate processing of applications for LIC IPO
The Government of India, in order to facilitate bidding for LIC IPO, has requested that all bank branches designated to process ASBA (Application Supported by Blocked Amount) applications may be kept open for public on May 8, 2022 (Sunday). The m...
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RBI |
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Liquidity Adjustment Facility- Change in rates - RBI
Posted Date : 05-May-2022 , 07:18:04 am | Posted By: CASANSAAR
RBI/2022-23/42
FMOD.MAOG.No.144/01.01.001/2022-23
May 04, 2022
All Liquidity Adjustment Facility (LAF) participants
Madam/Sir,
Liquidity Adjustment Facility- Change in rates
As announced in theMonetary Policy Statement, 2022-23, today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 40 basis points from 4.00 per cent to4.40 per centwith immediate effect.
2. Consequently, the standing d...
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RBI |
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RBI Withdraws 225 Circulars in third tranche of recommendations
Posted Date : 03-May-2022 , 10:12:29 am | Posted By: CASANSAAR
Regulations Review Authority (RRA 2.0) has recommended withdrawal of additional 225 circulars in the third tranche of recommendations.
RRA 2.0 was set-up by the Reserve Bank of India to review the regulatory instructions, remove redundant and duplicate instructions and reduce the compliance burden on Regulated Entities (REs). RRA had recommended withdrawal of 150 circulars in the first tranche of recommendations videpress release dated November 16, 2021and 100 circulars in the second tran...
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Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs
Posted Date : 29-Apr-2022 , 08:32:09 pm | Posted By: CASANSAAR
RBI/2022-23/36
DOR.GOV.REC.No.29/18.10.002/2022-23
April 29, 2022
All Non-Banking Financial Companies
Madam/Sir,
Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs
As you are aware, a revised Scale Based Regulatory (SBR) framework for NBFCs was put in place videcircular DOR.CRE.REC.No.60/03.10.001/2021-22 October 22, 2021. In terms of para 3.2.3 (h) of the said circular, in order to address issues arising out of excessive risk taking cause...
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Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC)
Posted Date : 29-Apr-2022 , 11:15:33 am | Posted By: CASANSAAR
RBI/2022-23/35
FIDD.CO.FSD.BC.No.3/05.02.001/2022-23
April 28, 2022
The Chairman / Managing Director / Chief Executive Officer
All Public Sector Banks, Private Sector Banks and
Small Finance Banks
Madam/Dear Sir,
Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2021-22
Please refer to our letter FIDD.CO.FSD.No.342/05.02.001/2020-21 dated October 16, 2020 conveying the...
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RBI |
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Creation of Honorary Designations at Board level in Urban Co-operative Banks
Posted Date : 22-Apr-2022 , 08:53:43 am | Posted By: CASANSAAR
RBI/2022-23/33
DOR.GOV.REC.No.26/18.10.004/2022-23
April 21, 2022
The Chairman / Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Creation of Honorary Designations at Board level in Urban Co-operative Banks
It has been observed during the course of supervisory reviews that some of the Urban Co-operative Banks (UCBs) have adopted the practice of creating honorary designations (remunerated or otherwise)/conferring titles at Board l...
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RBI |
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Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022
Posted Date : 22-Apr-2022 , 08:52:58 am | Posted By: CASANSAAR
RBI/2022-23/92
DoR.AUT.REC.No.27/24.01.041/2022-23
April 21, 2022
Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022
In exercise of the powers conferred by Sections 35A and Section 56 of the Banking Regulation Act, 1949 and Chapter IIIB of the Reserve Bank of India Act, 1934, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby, issues the Directions hereinafter specified.
...
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Legal Entity Identifier (LEI) for Borrowers - RBI
Posted Date : 22-Apr-2022 , 08:52:02 am | Posted By: CASANSAAR
RBI/2022-23/34
DOR.CRE.REC.28/21.04.048/2022-23
April 21, 2022
All Scheduled Commercial Banks (Excluding Regional Rural Banks),
All India Financial Institutions,
Small Finance Banks, Local Area Banks,
Primary (Urban) Co-operative Banks, and
Non-Banking Financial Companies (including Housing Finance Companies)
Madam/Dear Sir,
Legal Entity Identifier (LEI) for Borrowers
Please refer to Para 3 ofDBR.No.BP.BC.92/21.04.048/2017-18 dated November 2, 2017, on the captioned subject.
...
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Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR)
Posted Date : 19-Apr-2022 , 08:56:40 am | Posted By: CASANSAAR
RBI/2022-23/25
DOR.LRG.REC.19/21.04.098/2022-23
April 18, 2022
Dear Sir/Madam,
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR)
Please refer to ourcircular DOR.BP.BC.No.65/21.04.098/2019-20 dated April 17, 2020on Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR).
2. In terms of the circular ibid, the assets allowed as Level 1 High Quality Liquid Assets (HQLAs) for the purpose of computing the LCR, inter alia, includ...
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Compliance Function and Role of Chief Compliance Officer (CCO) - RBI
Posted Date : 12-Apr-2022 , 08:05:55 am | Posted By: CASANSAAR
RBI/2022-23/24
Ref.No.DoS.CO.PPG./SEC.01/11.01.005/2022-23
April 11, 2022
The Chairman / Managing Director / Chief Executive Officer
All Non-Banking Financial Companies
Madam / Dear Sir,
Compliance Function and Role of Chief Compliance Officer (CCO)
Please refer to the Reserve Bank’s guidelines on ‘Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs’ issued videCircular Ref.DOR.CRE. REC.No.60/03.10.001/2021-22 dated October 22, 20211. As indi...
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RBI |
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Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR)
Posted Date : 09-Apr-2022 , 08:12:55 am | Posted By: CASANSAAR
RBI/2022-23/23
DOR.RET.REC.15/12.01.001/2022-23
April 08, 2022
All Scheduled Commercial Banks (including Regional Rural Banks)
Local Area Banks, Small Finance Banks, Payments Banks
Primary (Urban) Co-operative Banks (UCBs)
State and Central Co-operative Banks (StCBs / CCBs)
Madam/Sir,
Section 24 and Section 56 of the Banking Regulation Act, 1949 –
Maintenance of Statutory Liquidity Ratio (SLR)
Please refer tocircular DBR.No.Ret.BC.10/12.02.001/2018-19 dated December 05,...
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- Management of Advances - UCBs - RBI
Posted Date : 09-Apr-2022 , 08:12:12 am | Posted By: CASANSAAR
Please refer to our Master Circular DCBR.BPD.(PCB) MC No.14/13.05.000/2015-16 dated July 1, 2015 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines issued on the subject up to April 7, 2022 as listed in the Appendix....
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RBI |
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Review of SLR holdings in HTM category - RBI
Posted Date : 09-Apr-2022 , 08:11:01 am | Posted By: CASANSAAR
RBI/2022-23/21
DOR.MRG.REC.14/21.04.141/2022-23
April 08, 2022
Dear Sir / Madam,
Review of SLR holdings in HTM category
Please refer to paragraph 4 ofStatement on Development and Regulatory Policiesof theMonetary Policy Statement, 2022-23 dated April 08, 2022and Section 6(iv)(a) ofMaster Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 dated August 25, 2021.
2. At present, banks have been granted a special dispensa...
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