| Notifications/Circulars |
Category : RBI |
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Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs
Posted Date : 23-Oct-2021 , 07:24:46 am | Posted By: CASANSAAR
RBI/2021-22/112
DOR.CRE.REC.No.60/03.10.001/2021-22
October 22, 2021
All Non-Banking Financial Companies
Madam / Sir,
Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs
The contribution of NBFCs towards supporting real economic activity and their role as a supplemental channel of credit intermediation alongside banks is well recognised. Over the years, the sector has undergone considerable evolution in terms of size, complexity, and interconnectedness within t...
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RBI |
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Data Format for Furnishing of Credit Information to Credit Information Companies - RBI
Posted Date : 16-Oct-2021 , 07:48:02 am | Posted By: CASANSAAR
RBI/2021-22/111
DoR.FIN.REC.59/20.16.056/2021-22
October 14, 2021
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 (Exim Bank, NABARD, NHB and SIDBI)
All Non-Banking Financial Companies (including Housing Finance Companies)
All Credit Information Companies
Madam/Dear Sir,
Data Format for Furnishing of...
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RBI |
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Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility
Posted Date : 11-Oct-2021 , 09:04:19 am | Posted By: CASANSAAR
RBI/2021-22/110
FIDD.CO.Plan.BC.No.15/04.09.01/2021-22
October 8, 2021
The Chairman/ Managing Director
Chief Executive Officer
All Scheduled Commercial Banks
(Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks)
Dear Sir/Madam,
Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility
Please refer to para 22 ofMaster Directions (MD) on PSL dated September 04, 2020(updated as on June 11, 20...
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RBI |
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Inclusion of “Paytm Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
Posted Date : 08-Oct-2021 , 07:45:13 am | Posted By: CASANSAAR
RBI/2021-22/109
DOR.RET.REC.58/12.07.160/2021-22
October 07, 2021
All Scheduled Commercial Banks
Madam/Sir
Inclusion of “Paytm Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
We advise that “Paytm Payments Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide notification DoR.LIC.No.S926/16.03.006/2021-22 dated September 06, 2021 and published in the Gazette of India (Part II...
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RBI |
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Revised Subsidiary General Ledger (SGL) Account Guidelines and Constituents' Subsidiary General Ledger (CSGL) Account Guidelines
Posted Date : 07-Oct-2021 , 08:09:41 am | Posted By: CASANSAAR
RBI/2021-22/107
IDMD.CDD.No.S931/11.22.001/2021-2022
October 5, 2021
All SGL/CSGL Holders
Madam/Sir,
Revised Subsidiary General Ledger (SGL) Account Guidelines and Constituents' Subsidiary General Ledger (CSGL) Account Guidelines
In exercise of powers conferred by Section 4 of Government Securities Act 2006, Reserve Bank of India has issued and gazetted revisedEligibility Criteria and Operational Guidelines for opening and maintaining of Subsidiary General Ledger (SGL) Accoun...
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RBI |
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Value Free Transfer (VFT) of Government Securities – Guidelines
Posted Date : 07-Oct-2021 , 08:08:25 am | Posted By: CASANSAAR
RBI/2021-22/108
IDMD.CDD.No.S930/11.22.003/2021-22
October 5, 2021
All SGL/CSGL Account holders
Madam/Sir,
Value Free Transfer (VFT) of Government Securities – Guidelines
A reference is invited toNotification No.78 dated November 16, 2018onValue Free Transfer (VFT) of Government Securities – Guidelinesunder which separate guidelines for VFT were issued to enable more efficient operations in the Government securities market. On a review, it has been decided to issue re...
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RBI |
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Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital
Posted Date : 05-Oct-2021 , 08:51:28 am | Posted By: CASANSAAR
RBI/2021-22/106
DOR.CAP.REC.No.56/21.06.201/2021-22
October 4, 2021
All Scheduled Commercial Banks (Excluding RRBs)
Dear Sir/ Madam,
Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas
Please refer to paragraph 1.16 of Annex 4 (Criteria for Inclusion of ...
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RBI |
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Enhancement in family pension of employees of banks - Treatment of additional liability
Posted Date : 05-Oct-2021 , 08:50:00 am | Posted By: CASANSAAR
RBI/2021-22/105
DOR.ACC.REC.57/21.04.018/2021-22
October 4, 2021
All Member Banks of the Indian Banks’ Association
covered under the 11th Bipartite Settlement
and Joint Note dated November 11, 2020
Madam / Sir,
Enhancement in family pension of employees of banks -
Treatment of additional liability
The Indian Banks’ Association (IBA) has approached us for the amortisation of the increased expenditure resulting from the revision in family pension for employees of its...
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RBI |
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Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Posted Date : 02-Oct-2021 , 07:13:06 am | Posted By: CASANSAAR
Please refer to the Master Circular No. DBR.No.BP.BC.2/21.04.048/2015-16 dated July 1, 2015 consolidating instructions / guidelines issued to banks till June 30, 2015 on matters relating to prudential norms on income recognition, asset classification and provisioning pertaining to advances....
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RBI |
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Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021
Posted Date : 25-Sep-2021 , 08:43:21 am | Posted By: CASANSAAR
Please refer to the Draft Comprehensive Framework for Sale of Loan Exposures that was released on June 8, 2020 for comments from various stakeholders.
2. Based on the examination of the comments received, the Reserve Bank has issued the Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021, which are enclosed. These directions have been issued in exercise of the powers conferred by the Sections 21 and 35A of the Banking Regulation Act, 1949 read with Sec...
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RBI |
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Master Direction – Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021
Posted Date : 25-Sep-2021 , 08:42:03 am | Posted By: CASANSAAR
Please refer to the Draft Framework for Securitisation of Standard Assets that was released on June 8, 2020 for comments from various stakeholders.
2. Based on the examination of the comments received, the Reserve Bank has issued the Master Direction – Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021, which are enclosed. These directions have been issued in exercise of the powers conferred by the Sections 21 and 35A of the Banking Regulation Act, 1949; Chapter ...
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RBI |
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Master Circular on Investments by Primary (Urban) Co-operative Banks
Posted Date : 23-Sep-2021 , 07:49:01 am | Posted By: CASANSAAR
RBI/2021-22/100
DOR.MRG.REC.50/21.04.141/2021-22
September 20, 2021
All Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Master Circular on Investments by Primary (Urban) Co-operative Banks
Please refer to ourMaster Circular DCBR.BPD(PCB).MC.No.4/16.20.000/2015-16 dated July 1, 2015on the captioned subject. The enclosedMaster Circularconsolidates and updates all the instructions/guidelines on the subject issued as on date.
Yours faithfully,
(Usha Janakiraman)
Chief Gen...
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RBI |
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Master Direction – Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021
Posted Date : 17-Sep-2021 , 08:06:30 am | Posted By: CASANSAAR
RBI/2021-22/84
FMRD.FMD.07/02.03.247/2021-22
September 16, 2021
To,
All Eligible Market Participants
Madam/Sir,
Master Direction – Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021
Please refer to Paragraph 11 of theStatement on Developmental and Regulatory Policiesannounced as a part of theBi-monthly Monetary Policy Statement for 2020-21 dated December 04, 2020, regarding review of the Comprehensive Guidelines on Derivatives (CGD).
2. The draf...
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RBI |
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Application for Aadhaar e-KYC Authentication Licence - RBI
Posted Date : 14-Sep-2021 , 08:16:21 am | Posted By: CASANSAAR
RBI/2021-22/98
DOR.AML.REC 48/14.01.001/2021-22
September 13, 2021
The Chairpersons / CEOs of all Non-Banking Finance Companies (NBFCs), Payment System Providers and Payment System Participants
Madam / Dear Sir,
Application for Aadhaar e-KYC Authentication Licence
In terms of Section 11A of the PML Act, 2002, entities other than banking companies may, by notification of the Central Government, be permitted to carry out authentication of client’s Aadhaar number using e-K...
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RBI |
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Tokenisation – Card Transactions: Permitting Card-on-File Tokenisation (CoFT) Services
Posted Date : 09-Sep-2021 , 08:42:28 am | Posted By: CASANSAAR
RBI/2021-22/96
CO.DPSS.POLC.No.S-516/02-14-003/2021-22
September 07, 2021
All Payment System Providers and Payment System Participants
Madam / Dear Sir,
Tokenisation – Card Transactions: Permitting Card-on-File Tokenisation (CoFT) Services
We invite reference to ourcircular DPSS.CO.PD No.1463/02.14.003/2018-19 dated January 8, 2019on “Tokenisation – Card transactions”, permitting authorised card networks to offer card tokenisation services subject to the c...
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RBI |
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Master Direction on Financial Statements - Presentation and Disclosures - RBI
Posted Date : 31-Aug-2021 , 07:40:18 am | Posted By: CASANSAAR
The Reserve Bank of India has, from time to time, issued several guidelines/instructions/directives to the banks on the presentation of financial statements, regulatory clarification on compliance with accounting standards, and disclosures in notes to accounts....
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RBI |
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Guidelines on Compensation of Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff - RBI
Posted Date : 31-Aug-2021 , 07:36:02 am | Posted By: CASANSAAR
RBI/2021-22/95
DOR.GOV.REC.44/29.67.001/2021-22
August 30, 2021
All Private Sector Banks (including Local Area Banks, Small Finance
Banks, Payments Banks) and Foreign Banks operating in India
Dear Sir/Madam,
Guidelines on Compensation of Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff - Clarification
Please refer to para 2.1.2 (f) of ourcircular DOR.Appt.BC.No.23/29.67.001/2019-20 dated November 04, 2019on the captioned subject. In...
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RBI |
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Enhancements to Indo-Nepal Remittance Facility Scheme - RBI
Posted Date : 28-Aug-2021 , 07:34:52 am | Posted By: CASANSAAR
RBI/2021-22/94
CO.DPSS.RPPD.No.S475/04.09.003/2021-22
August 27, 2021
The Chairman / Managing Director / Chief Executive Officer
of all banks participating in NEFT
Madam / Dear Sir,
Enhancements to Indo-Nepal Remittance Facility Scheme
The Indo-Nepal Remittance Facility Scheme (Scheme) was launched by the Reserve Bank of India in May 2008 as an option for cross-border remittances from India to Nepal, with special focus on requirements of migrant workers of Nepali origin working ...
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RBI |
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Review of incentive and other measures to enhance distribution of coins - RBI
Posted Date : 28-Aug-2021 , 07:33:18 am | Posted By: CASANSAAR
RBI/2021-22/93
DCM (CC) No.97527/03.41.01/2021-22
August 27, 2021
The Chairman / Managing Director &
Chief Executive Officer
(All Scheduled Commercial banks including RRBs)
Madam / Dear Sir,
Review of incentive and other measures to enhance distribution of coins
Please refer to ourMaster Direction DCM (CC) No.G-2/03.41.01/2021-22 dated April 01, 2021on “Currency Distribution & Exchange Scheme (CDES)” for bank branches including currency chests which inter al...
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RBI |
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Master Directions on Prepaid Payment Instruments (PPIs) - RBI
Posted Date : 28-Aug-2021 , 07:32:09 am | Posted By: CASANSAAR
This has reference to the Master Direction dated October 11, 2017 on Issuance and Operation of Prepaid Payment Instruments (PPI-MD) and subsequent amendments made thereto. Keeping in view the recent updates to PPI guidelines, it has been decided to issue the Master Directions afresh....
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RBI |
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Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021
Posted Date : 27-Aug-2021 , 09:42:54 am | Posted By: CASANSAAR
The Reserve Bank of India has, from time to time, issued several guidelines / instructions / directives to the banks on Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks...
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RBI |
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Tokenisation – Card Transactions : Extending the Scope of Permitted Devices
Posted Date : 27-Aug-2021 , 09:40:17 am | Posted By: CASANSAAR
RBI/2021-22/92
CO.DPSS.POLC.No.S-469/02-14-003/2021-22
August 25, 2021
The Chief Executive Officer / President
All authorised card networks
Madam / Dear Sir,
Tokenisation – Card Transactions : Extending the Scope of Permitted Devices
We invite reference to ourcircular DPSS.CO.PD No.1463/02.14.003/2018-19 dated January 08, 2019on “Tokenisation – Card transactions”, permitting authorised card networks to offer card tokenisation services to any token request...
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RBI |
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Safe Deposit Locker/Safe Custody Article Facility provided by the banks - Revised Instructions
Posted Date : 19-Aug-2021 , 08:57:09 am | Posted By: CASANSAAR
RBI/2021-2022/86
DOR.LEG.REC/40/09.07.005/2021-22
August 18, 2021
All Scheduled Commercial Banks (including RRBs)
All Co-operative Banks
All Small Finance Banks
All Payments Banks
All Local Area Banks
Madam/Sir,
Safe Deposit Locker/Safe Custody Article Facility provided by the banks- Revised Instructions
Please refer to the extant instructions issued to Regulated Entities (REs) by the Reserve Bank on the above subject. Taking into consideration the various developments in the...
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RBI |
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Penalty on banks if Cash-out at any ATM of more than ten hours - RBI
Posted Date : 11-Aug-2021 , 10:21:20 am | Posted By: CASANSAAR
RBI/2021-22/84
DCM (RMMT) No.S153/11.01.01/2021-22
August 10, 2021
The Chairman /
Managing Director & CEO
All Banks
Dear Sir / Madam,
Monitoring of Availability of Cash in ATMs
As you are aware, the Reserve Bank of India has a mandate to issue banknotes and the banks are fulfilling this mandate by dispensing banknotes to the public through their wide network of branches and ATMs. In this connection, a review of downtime of ATMs due to cash-outs was undertaken and it was obs...
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RBI |
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Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation
Posted Date : 10-Aug-2021 , 07:49:11 am | Posted By: CASANSAAR
RBI/2021-22/82
DOR.RET.REC.36/12.01.001/2021-22
August 09, 2021
All Scheduled Banks
Madam/Sir
Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity
Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation
Please refer tocircular DOR.No.Ret.BC.36/12.01.001/2020-21 dated February 05, 2021, on Marginal Standing Facility (MSF), wherein the banks were allowed to avail of funds under the MSF by dipping into the Statutory Liquid...
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RBI |
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Enhancement of collateral free loans to Self Help Groups (SHGs) under DAY-NRLM from ₹10 lakh to ₹20 Lakh
Posted Date : 10-Aug-2021 , 07:45:47 am | Posted By: CASANSAAR
RBI/2021-22/83
FIDD.GSSD.CO.BC.No.09/09.01.003/2021-22
August 9, 2021
The Chairman/ Managing Director/Chief Executive Officer
Public Sector Banks
Private Sector Banks
(including Small Finance Banks)
Madam/Dear Sir,
Enhancement of collateral free loans to Self Help Groups (SHGs) under DAY-NRLM from ₹10 lakh to ₹20 Lakh
Please refer to theMaster Circular FIDD.GSSD.CO.BC.No.04/09.01.01/2021-22 dated April 1, 2021, on Deendayal Antyodaya Yojana - National Rural Livelihoods Mis...
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RBI |
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Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts
Posted Date : 07-Aug-2021 , 08:38:33 am | Posted By: CASANSAAR
RBI/2021-22/81
DOR.MRG.39/21.04.157/2021-22
August 06, 2021
All Banks
Madam / Dear Sir,
Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts
Please refer to paragraph 2.2 of ourcircular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008, in terms of which any change in any of the parameters of the original derivative contract would be treated as a restructuring.
2. In this context, it is clarified that change in the ter...
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RBI |
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Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised timelines for compliance
Posted Date : 07-Aug-2021 , 08:37:34 am | Posted By: CASANSAAR
RBI/2021-22/80
DOR.STR.REC.38/21.04.048/2021-22
August 6, 2021
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 All-India Financial Institutions
All Non-Banking Financial Companies (including Housing Finance Companies)
Madam / Dear Sir,
Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised t...
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RBI |
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Export Credit in Foreign Currency – Benchmark Rate
Posted Date : 07-Aug-2021 , 08:36:36 am | Posted By: CASANSAAR
RBI/2021-2022/79
DOR.DIR.REC.37/04.02.002/2021-22
August 6, 2021
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
All Primary (Urban) Co-operative Banks1
All Small Finance Banks
Dear Sir / Madam,
Export Credit in Foreign Currency – Benchmark Rate
Please refer toMaster Circular DBR.No.DIR.BC.14/04.02.002/2015-16 dated July 1, 2015on Rupee / Foreign Currency Export Credit and Customer Service to Exporters.
2. As per the extant guidelines, authorized deale...
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RBI |
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Guidelines for Implementation of the circular on Opening of Current Accounts by Banks
Posted Date : 05-Aug-2021 , 08:21:16 am | Posted By: CASANSAAR
RBI/2021-22/77
DOR.CRE.REC.35/21.04.048/2021-22
August 04, 2021
To,
All Scheduled Commercial Banks
All Payments Banks
Madam / Dear Sir,
Guidelines for Implementation of the circular on
Opening of Current Accounts by Banks
Please refer tocirculars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020,DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020andDOR.No.BP.BC.30/21.04.048/2020-21 dated December 14, 2020on Opening of Current Accounts by Banks - Need for Discipline....
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