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Category : RBI |
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Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators
Posted Date : 04-Aug-2021 , 06:56:59 am | Posted By: CASANSAAR
RBI/2021-22/76
CO.DPSS.POLC.No.S-384/02.32.001/2021-2022
August 3, 2021
The Chairman / Managing Director / Chief Executive Officer
All Non-Bank Payment System Operators
Madam / Dear Sir,
Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators
The Payment System Operators (PSOs), by virtue of services they provide and the construct of models on which they operate, largely outsource their payment and settlement-related activities to vario...
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RBI |
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0 | Hits : 1426
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Accounting Standard to be followed by IFSC Banking Units (IBUs)
Posted Date : 31-Jul-2021 , 08:35:22 am | Posted By: CASANSAAR
Accounting Standard to be followed by IFSC Banking Units (IBUs) for the purpose of IFSCA regulatory reporting and compliance.
Adopting a uniform set of accounting standards is one of the essential steps towards achieving uniformity and enhanced international comparability in financial reporting....
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RBI |
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0 | Hits : 1424
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Rating of Deposits of HFCs – Approved Credit Rating Agencies and Minimum Investment Grade Credit Rating
Posted Date : 30-Jul-2021 , 08:55:26 am | Posted By: CASANSAAR
RBI/2021-22/74
DOR.FIN.REC.No.34/03.10.136/2021-22
July 29, 2021
All deposit taking Housing Finance Companies (HFCs)
Madam/ Dear Sir,
Rating of Deposits of HFCs – Approved Credit Rating Agencies and Minimum Investment Grade Credit Rating
A reference is invited to Para 25.2 ofMaster Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021, wherein the names of five approved credit rating agencies and their minimum invest...
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RBI |
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Access for Non-banks to Centralised Payment Systems - RBI
Posted Date : 29-Jul-2021 , 08:49:36 am | Posted By: CASANSAAR
RBI/2021-22/73
DPSS.CO.LVPD No.S290/04.04.009/2021-22
July 28, 2021
The Chairman / Managing Director / Chief Executive Officer
Authorised Non-bank Payment System Providers
Madam / Dear Sir,
Access for Non-banks to Centralised Payment Systems
A reference is invited to Paragraph 9 of theStatement on Developmental and Regulatory Policies dated April 07, 2021wherein it was announced that the Reserve Bank shall encourage participation of non-banks in Reserve Bank of India-operated Ce...
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RBI |
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Master Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021
Posted Date : 22-Jul-2021 , 09:48:25 am | Posted By: CASANSAAR
In exercise of the powers conferred by Section 35 A of the Banking Regulation Act, 1949 and pursuant to Section 42 of the Reserve Bank of India Act, 1934 and Sections 18, 24 and 56 of the Banking Regulation Act, 1949 as amended from time to time, 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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RBI |
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Cassette - Swaps in ATMs - RBI
Posted Date : 15-Jul-2021 , 09:14:37 am | Posted By: CASANSAAR
RBI/2021-22/71
DCM (Plg.) No.S39/10.25.007/2021-22
July 12, 2021
The Chairman / Managing Director & Chief Executive Officer
All Scheduled Commercial Banks including RRBs
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks.
Madam / Dear Sir,
Cassette - Swaps in ATMs
Please refer to ourcircular RBI/2017-18/162/DCM (Plg.) No.3641/10.25.007/2017-18 dated April 12, 2018on the captioned subject wherein banks were advised to consider using lo...
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RBI |
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Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation
Posted Date : 10-Jul-2021 , 09:36:51 am | Posted By: CASANSAAR
RBI/2021-22/70
DoR.ORG.REC.31/21.06.017/2021-22
July 9, 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
Dear Sir,
Mandatory Leave for Employees Posted in
Sensitive Positions or Areas of Operation
Please refer to ourcircular DBR.No.BP.BC.88/21.04.048/2014-15 dated April 23, 2015, advising banks to implement a ‘Mandatory L...
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RBI |
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New Definition of Micro, Small and Medium Enterprises - Addition of Retail and Wholesale Trade
Posted Date : 08-Jul-2021 , 08:44:55 am | Posted By: CASANSAAR
RBI/2021-2022/67
FIDD.MSME & NFS.BC.No.13/06.02.31/2021-22
July 7, 2021
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 Definition of Micro, Small and Medium Enterprises - Addition o...
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RBI |
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Review of Instructions on Interest on overdue domestic deposits
Posted Date : 03-Jul-2021 , 07:59:48 am | Posted By: CASANSAAR
RBI/2021-22/66
DoR.SPE.REC.29/13.03.00/2021-2022
July 02, 2021
All Scheduled Commercial Banks (including RRBs)
All Small Finance Banks
All Local Area Banks
All Primary (Urban) Co-operative Banks/ District Central Co-operative Banks/ State Co-operative Banks
Dear Sir / Madam,
Review of Instructions on Interest on overdue domestic deposits
Please refer to Section 9 (b) ofMaster Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 3, 2016, an...
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RBI |
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Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension
Posted Date : 02-Jul-2021 , 09:36:12 am | Posted By: CASANSAAR
RBI/2021-22/65
DOR.CRE(DIR).REC.28/04.02.001/2021-22
July 1, 2021
All Scheduled Commercial Banks (excluding RRBs),
Small Finance Banks, Primary (Urban) Cooperative Banks
and EXIM Bank
Dear Sir / Madam,
Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension
Please refer to the instructions issued videcircular DOR.CRE.REC.06/04.02.001/2021-22 dated April 12, 2021.
2. Government of India has approved the extension of Interest Equalization Scheme f...
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RBI |
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Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks - RBI
Posted Date : 29-Jun-2021 , 08:21:32 am | Posted By: CASANSAAR
RBI/2021-22/64
DOR.ORG.REC.27/21.04.158/2021-22
June 28, 2021
The Chief Executive Officer
All Co-operative Banks
Madam / Dear Sir,
Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks
It is observed that the co-operative banks are increasingly using outsourcing as a means for reducing costs as well as for availing specialist expertise, where these are not available internally.
2. While it is entirely the banks’ prerogative to take a vi...
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RBI |
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Appointment of Managing Director (MD) / Whole-Time Director (WTD) in Primary (Urban) Co-operative Banks
Posted Date : 26-Jun-2021 , 08:53:31 am | Posted By: CASANSAAR
RBI/2021-22/60
DOR.GOV.REC.25/12.10.000/2021-22
June 25, 2021
The Chairman / Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Appointment of Managing Director (MD) / Whole-Time Director (WTD) in Primary (Urban) Co-operative Banks
In terms of powers conferred under Sections 10, 10B, 10BB, 35A, 35B, 36AA and 53A (read with Section 56) of the Banking Regulation Act, 1949 (as amended), hereinafter called as “Act”, relat...
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RBI |
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0 | Hits : 1384
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Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021
Posted Date : 26-Jun-2021 , 08:52:46 am | Posted By: CASANSAAR
RBI/2021-22/61
FMRD.DIRD.06/14.01.001/2021-22
June 25, 2021
To
All Eligible Market Participants
Madam / Sir
Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021
Please refer to theMaster Direction – Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021 dated April 01, 2021(hereinafter referred as ‘Master Directions’).
2. On a review based on representations received, the prudential borrowing limits for transac...
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RBI |
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Appointment of Chief Risk Officer in Primary (Urban) Co-operative Banks
Posted Date : 26-Jun-2021 , 08:52:06 am | Posted By: CASANSAAR
RBI/2021-2022/62
DOR.CRE(DIR).REC.26/21.04.103/2021-22
June 25, 2021
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam/ Dear Sir,
Appointment of Chief Risk Officer in Primary (Urban) Co-operative Banks
With increasing size and scope of business, Primary (Urban) Co-operative Banks (UCBs) are gradually getting exposed to greater degree of risks. It is, therefore, necessary that every UCB focuses its attention on putting in place appropriate risk management m...
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Category :
RBI |
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New Definition of Micro, Small and Medium Enterprises - RBI
Posted Date : 26-Jun-2021 , 08:49:48 am | Posted By: CASANSAAR
RBI/2021-2022/63
FIDD.MSME & NFS.BC.No.12/06.02.31/2021-22
June 25, 2021
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 Definition of Micro, Small and Medium Enterprises
Please r...
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Category :
RBI |
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0 | Hits : 1185
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Declaration of dividends by NBFCs - RBI
Posted Date : 25-Jun-2021 , 08:16:36 am | Posted By: CASANSAAR
RBI/2021-22/59
DOR.ACC.REC.No.23/21.02.067/2021-22
June 24, 2021
All Non-Banking Financial Companies (NBFCs)
Madam / Sir,
Declaration of dividends by NBFCs
In order to infuse greater transparency and uniformity in practice, it has been decided to prescribe guidelines on distribution of dividend by NBFCs.
Applicability
2. These guidelines shall be applicable to all NBFCs regulated by RBI1as below:
(a) Applicable NBFCs as defined in Paragraph 2(2) ofNon-Banking Financial C...
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Category :
RBI |
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Gold (Metal) Loans – Repayment
Posted Date : 24-Jun-2021 , 09:36:46 am | Posted By: CASANSAAR
RBI/2021-22/58
DOR.CRE(DIR).REC.24/23.67.001/2021-22
June 23, 2021
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Madam / Dear Sir,
Gold (Metal) Loans – Repayment
Please refer to instructions issued videcirculars DBOD.No.IBS.1519/23.67.001/98-99 dated December 31, 1998,DBOD.No.IBS.3161/23.67.001/98-99 dated June 25, 1999,DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005,DBOD.No.IBD.BC.71/23.67.001/2006-07 dated April 3, 2007andDBOD.No.IBD.BC.104/...
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Category :
RBI |
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0 | Hits : 1094
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Investment in Entities from FATF Non-compliant Jurisdictions - RBI
Posted Date : 15-Jun-2021 , 07:43:11 am | Posted By: CASANSAAR
RBI/2021-22/55
CO.DPSS.AUTH.No.S190/02.27.005/2021-22
June 14, 2021
All entities authorised to operate Payment Systems in India
Madam / Dear Sir,
Investment in Entities from FATF Non-compliant Jurisdictions
A reference is invited to thecircular DOR.CO.LIC.CC No.119/03.10.001/2020-21 dated February 12, 2021issued by the Department of Regulation, Reserve Bank of India (RBI) on investment in NBFCs from FATF non-compliant jurisdictions. With a view to maintaining consistency, the cor...
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Category :
RBI |
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Bharat Bill Payment System – Addition of Biller Category
Posted Date : 15-Jun-2021 , 07:41:48 am | Posted By: CASANSAAR
RBI/2021-22/54
CO.DPSS.POLC.No.S188/02-27-020/2021-2022
June 14, 2021
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 /
NPCI Bharat BillPay Ltd. / Bharat Bill Payment System Providers /
System Participants and prospective Bharat Bill Payment Operating Units
Madam / Dear Sir,
Bharat Bill Payment S...
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Category :
RBI |
Comments :
0 | Hits : 1391
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RBI clarification of Appointment of Statutory Central Auditors (SCAs) / Statutory Auditors of Commercial Banks, UCBs and NBFCs
Posted Date : 14-Jun-2021 , 10:33:41 am | Posted By: CASANSAAR
(Ref.No.DoS.CO.ARG/SEC.01/08.91.001/2021-22 April 27, 2021)
TheCircular dated April 27, 2021on ‘Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs), has been issued by RBI with the basic objectives of putting in place ownership-neutral regulations, ensuring independence of auditors, avoiding conflict of interest in auditor’s appointments and to improve the quality and standar...
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Category :
RBI |
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0 | Hits : 2944
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Risk Based Internal Audit (RBIA) - RBI
Posted Date : 12-Jun-2021 , 08:47:04 am | Posted By: CASANSAAR
RBI/2021-22/53
DoS.CO. PPG.SEC/03/11.01.005/2021-22
June 11, 2021
The Chairman / Managing Director / Chief Executive Officer of:
All deposit taking HFCs
All non-deposit taking HFCs with asset size of ₹5,000 crore and above
Madam/Dear Sir,
Risk Based Internal Audit (RBIA)
Please refer to thecircular Ref. No. DoS.CO.PPG/SEC.05/11.01.005/2020-21 dated February 03, 2021on the captioned subject.
2. On a review, it has been decided that the provisions of the aforesaid circular s...
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Category :
RBI |
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0 | Hits : 1327
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Usage of Automated Teller Machines / Cash Recycler Machines – Review of Interchange Fee and Customer Charges
Posted Date : 11-Jun-2021 , 08:52:27 am | Posted By: CASANSAAR
RBI/2021-22/52
DPSS.CO.OD.No.S-182/06.07.011/2021-22
June 10, 2021
The Chairman and Managing Director / Chief Executive Officer
All Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Authorised ATM Network Operators /
Card Payment Network Operators / White Label ATM Operators
Madam / Dear Sir,
Usage of Automated Teller Machines / Cash Recycler Machines
– Review of Interchange Fee and Cust...
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Category :
RBI |
Comments :
0 | Hits : 1191
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Preservation of CCTV recordings - RBI
Posted Date : 09-Jun-2021 , 09:19:25 am | Posted By: CASANSAAR
RBI/2021-22/51
DCM(Plg).No. 51961/10.27.00/2021-22
June 8, 2021
The Chairman & Managing Director
Chief Executive Officers
All Banks
Dear Sir,
Preservation of CCTV recordings
Please refer to ourcircular DCM (Plg) No. 1712/10.27.00/2016-17 dated December 13, 2016wherein the banks were advised to preserve the CCTV recordings of operations at bank branches and currency chests for the period from November 08, 2016 to December 30, 2016, until further instructions, to facilitate c...
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Category :
RBI |
Comments :
0 | Hits : 1122
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Transactions in Government securities by Foreign Portfolio Investors: Reporting
Posted Date : 08-Jun-2021 , 09:38:25 am | Posted By: CASANSAAR
RBI/2021-22/50
FMRD.FMID.No.05/14.01.006/2021-22
June 7, 2021
To
All participants in Government securities market
Madam/Sir,
Transactions in Government securities by Foreign Portfolio Investors: Reporting
Over the counter (OTC) transactions in Government securities (including State Development Loans and Treasury Bills) undertaken by market participants other than on the Negotiated Dealing System – Order Matching (NDS-OM) platform are required to be reported to the &lsquo...
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Category :
RBI |
Comments :
0 | Hits : 1093
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Master Direction – Reserve Bank of India (Certificate of Deposit) Directions, 2021
Posted Date : 05-Jun-2021 , 09:15:59 am | Posted By: CASANSAAR
RBI/2021-22/79
FMRD.DIRD.03/14.01.003/2021-22
June 4, 2021
To,
All Eligible Market Participants
Madam/Sir,
Master Direction – Reserve Bank of India (Certificate of Deposit) Directions, 2021
Please refer to Paragraph 6 of theStatement on Developmental and Regulatory Policies, announced as a part of thesecond Bi-monthly Monetary Policy Statement for 2019-20 dated June 06, 2019regarding Comprehensive Review of Money Market Directions.
2. The draft Directions were release...
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Category :
RBI |
Comments :
0 | Hits : 1248
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Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS) – Extension of time
Posted Date : 05-Jun-2021 , 09:15:11 am | Posted By: CASANSAAR
RBI/2021-22/49
DoR.RET.REC.19/12.05.009/2021-22
June 04, 2021
The Chairman / Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks,
All State Co-operative Banks and Central Co-operative Banks
Madam/Sir
Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS) – Extension of time
In terms of Section 31 of the Banking Regulation Act, 1949 (“the Act”), read with Section 56 of the Act, accounts and balance sheet...
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Category :
RBI |
Comments :
0 | Hits : 1165
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Customer Due Diligence for transactions in Virtual Currencies (VC)
Posted Date : 01-Jun-2021 , 10:08:01 am | Posted By: CASANSAAR
RBI/2021-22/45
DOR. AML.REC 18 /14.01.001/2021-22
May 31, 2021
All Commercial and Co-operative Banks / Payments Banks/ Small Finance Banks /
NBFCs / Payment System Providers
Madam / Dear Sir,
Customer Due Diligence for transactions in Virtual Currencies (VC)
It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing...
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Category :
RBI |
Comments :
0 | Hits : 1037
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Amalgamation of District Central Co-operative Banks (DCCBs) with the State Co-operative Bank (StCB) - Guidelines
Posted Date : 25-May-2021 , 09:43:23 am | Posted By: CASANSAAR
RBI/2021-22/42
DOR.RUR.REC.No.17/19.51.007/2021-22
May 24, 2021
All State and Central Cooperative Banks
Dear Sir/ Madam,
Amalgamation of District Central Co-operative Banks (DCCBs) with the State Co-operative Bank (StCB) - Guidelines
The Banking Regulation (Amendment) Act, 2020 (39 of 2020) has been notified for the State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) with effect from, April 1, 2021 vide Notification dated December 23, 2020 issued by G...
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Category :
RBI |
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Relaxation in timeline for compliance with various payment system requirements - RBI
Posted Date : 22-May-2021 , 09:21:32 am | Posted By: CASANSAAR
RBI/2021-22/41
CO.DPSS.POLC.No.S-106/02-14-003/2021-2022
May 21, 2021
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 PPI Issuers /
Authorised Payment System Operators / Participants
Madam / Dear Sir,
Relaxation in time...
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Category :
RBI |
Comments :
0 | Hits : 1264
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Sovereign Gold Bond Scheme (SGB) 2021-22- Series I/II/III/IV/V/VI
Posted Date : 15-May-2021 , 07:31:32 am | Posted By: CASANSAAR
RBI/2021-22/39
IDMD.CDD.No.45187/14.04.050/2021-22
May 14, 2021
The Chairman & Managing Director
All Scheduled Commercial Banks,
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India Ltd. (SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bond Scheme (SGB) 2021-22- Series I/II/III/IV/V/VI
Government of India has vide itsNotification No F.No4.(4)-B (W&M)/2021 dated May 12, 2021has announc...
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RBI |
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