| Notifications/Circulars |
Category : RBI |
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Framework for processing of e-mandates for recurring online transactions
Posted Date : 01-Apr-2021 , 08:14:08 am | Posted By: CASANSAAR
RBI/2020-21/118
CO.DPSS.POLC.No.S34/02-14-003/2020-2021
March 31, 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 / Card Payment Networks /
Non-bank Prepaid Payment ...
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RBI |
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Guidelines on Regulation of Payment Aggregators and Payment Gateways
Posted Date : 01-Apr-2021 , 08:13:24 am | Posted By: CASANSAAR
RBI/2020-21/117
CO.DPSS.POLC.No.S33/02-14-008/2020-2021
March 31, 2021
All Payment System Providers and Payment System Participants
Madam / Dear Sir,
Guidelines on Regulation of Payment Aggregators and Payment Gateways
We invite a reference to ourcircular DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020(as updated from time to time) and the clarification dated September 17, 2020 issued on the subject (Annex). Accordingly, neither the authorised Payment Aggregators (PAs) ...
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RBI |
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Investment by Foreign Portfolio Investors (FPI): Investment limits
Posted Date : 01-Apr-2021 , 08:12:36 am | Posted By: CASANSAAR
RBI/2020-21/116
A.P. (DIR Series) Circular No. 14
March 31, 2021
To,
All Authorized Persons
Madam / Sir
Investment by Foreign Portfolio Investors (FPI): Investment limits
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified videNotification No. FEMA.396/2019-RB dated October ...
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RBI |
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Bilateral Netting of Qualified Financial Contracts- Amendments to Prudential Guidelines
Posted Date : 31-Mar-2021 , 06:33:09 am | Posted By: CASANSAAR
RBI/2020-21/115
DOR.CAP.51/21.06.201/2020-21March 30, 2021
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir,
Bilateral Netting of Qualified Financial Contracts- Amendments to Prudential Guidelines
The Bilateral Netting of Qualified Financial Contracts Act, 2020 (hereafter referred to as “the Act”), has been notified by the Government of India vide Gazette Notification No. S.O. 3463(E) dated October 1, 2020. The Act provides a legal framework for ...
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RBI |
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Master Direction - Amalgamation of Urban Cooperative Banks, Directions, 2020
Posted Date : 24-Mar-2021 , 08:59:10 am | Posted By: CASANSAAR
In exercise of powers conferred by Section 35A and Section 44A read with Section 56 of the Banking Regulation Act,1949, as amended vide Banking Regulation (Amendment) Act, 2020 (39 of 2020), the Reserve Bank of India being satisfied that it is necessary and expedient in public interest so to do, hereby issues the Directions hereinafter specified...
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RBI |
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Amendment to Master Direction (MD) on KYC – Procedure for Implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967
Posted Date : 24-Mar-2021 , 08:57:33 am | Posted By: CASANSAAR
RBI/2020-21/110
DOR.AML.REC.48/14.01.001/2020-21
March 23, 2021
The Chairpersons/ CEOs of all the Regulated Entities
Dear Sir/Madam,
Amendment to Master Direction (MD) on KYC – Procedure for Implementation of Section
51A of the Unlawful Activities (Prevention) Act, 1967
Please refer to Chapter IX (‘Requirements/obligations under International Agreements Communications from Inter...
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RBI |
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Large Exposures Framework – Deferment of applicability of limits on non-centrally cleared derivatives exposures
Posted Date : 24-Mar-2021 , 08:56:33 am | Posted By: CASANSAAR
RBI/2020-21/109
DOR.No.CRE.BC.47/21.01.003/2020-21
March 23, 2021
All Scheduled Commercial Banks
(Excluding Small Finance Banks, Payments Banks
Local Area Banks and Regional Rural Banks)
Dear Sir/Madam,
Large Exposures Framework – Deferment of applicability of limits on non-centrally cleared derivatives exposures
Please refer tocircular No.DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020on Large Exposures Framework (LEF).
2. On a review it has been decided that n...
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RBI |
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Reporting and Accounting of Central Government transactions of March 2021
Posted Date : 19-Mar-2021 , 08:18:13 am | Posted By: CASANSAAR
RBI/2020-21/108
DGBA.GBD.No.S-140/42.01.029/2020-21
March 18, 2021
All Agency Banks
Madam/Dear Sir,
Reporting and Accounting of Central Government transactions of March 2021
Please refer toCircular DGBA.GBD.No.1744/42.01.029/2019-20 dated March 17, 2020advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal Point branches of your ...
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RBI |
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Extension of Cheque Truncation System (CTS) across all bank branches in the country
Posted Date : 16-Mar-2021 , 08:16:50 am | Posted By: CASANSAAR
RBI/2020-21/107
DPSS.CO.RPPD.No.SUO 21102/04.07.005/2020-21
March 15, 2021
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,
Extension of Cheque Truncation System (CTS) across all bank branches in the c...
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RBI |
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Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
Posted Date : 13-Mar-2021 , 09:15:18 am | Posted By: CASANSAAR
RBI/2020-21/106
DoR.FIN.REC.46/20.16.056/2020-21
March 12, 2021
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payment 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 / Sir,
Data Forma...
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RBI |
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Large Exposures Framework – Exemptions - RBI
Posted Date : 25-Feb-2021 , 08:37:36 am | Posted By: CASANSAAR
RBI/2020-21/104
DOR.No.CRE.BC.45/21.01.003/2020-21
February 24, 2021
All Scheduled Commercial Banks
(Excluding Small Finance Banks, Payments Banks
Local Area Banks and Regional Rural Banks)
Dear Sir/Madam,
Large Exposures Framework – Exemptions
Please refer tocircular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019on Large Exposures Framework (LEF)
2. Paragraph 3 of the Annex to the above circular specifies the exposures that are exempt from the LEF. On a revi...
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RBI |
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Master Direction on Digital Payment Security Controls - RBI
Posted Date : 19-Feb-2021 , 07:10:29 am | Posted By: CASANSAAR
Please refer to para II (7) of the Statement on Developmental and Regulatory Policies of the Bi-monthly Monetary Policy Statement for 2020-21 dated December 4, 2020 (extract given below). The Master Direction provides necessary guidelines for the regulated entities to set up a robust governance structure and implement common minimum standards of security controls for digital payment products and services...
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RBI |
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Investment in NBFCs from FATF non-compliant jurisdictions - RBI
Posted Date : 13-Feb-2021 , 08:44:18 am | Posted By: CASANSAAR
RBI/2020-2021/97
DOR.CO.LIC.CC No.119/03.10.001/2020-21
February 12, 2021
To
Non-Banking Financial Companies (NBFCs)
(including Housing Finance Companies) and
Asset Reconstruction Companies
Madam / Dear Sir,
Investment in NBFCs from FATF non-compliant jurisdictions
The Financial Action Task Force (FATF) periodically identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) in its following publications: i) High-Risk Jurisdiction...
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RBI |
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Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR)
Posted Date : 06-Feb-2021 , 08:15:39 am | Posted By: CASANSAAR
RBI/2020-21/95
DOR.No.LRG.BC.40/21.04.098/2020-21
February 05, 2021
All Commercial Banks
(excluding Regional Rural Banks,
Local Area Banks and Payments Banks)
Dear Sir/Madam,
Basel III Framework on Liquidity Standards –
Net Stable Funding Ratio (NSFR)
Please refer to ourcircular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018on Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)-Final Guidelines (‘NSFR Guidelines’) andcircular D...
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RBI |
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SLR holdings in HTM category - RBI
Posted Date : 06-Feb-2021 , 08:15:03 am | Posted By: CASANSAAR
RBI/2020-21/94
DOR.No.MRG.BC.39/21.04.141/2020-21
February 5, 2021
All Commercial Banks
Madam/ Sir,
SLR holdings in HTM category
Please refer to paragraph 4 ofStatement on Developmental and Regulatory Policies dated February 5, 2021and ourcircular DoR.No.BP.BC.22/21.04.141/2020-21 dated October 12, 2020on the above subject.
2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (HTM) category provided:
the excess comp...
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RBI |
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Basel III Capital Regulations- Review of transitional arrangements
Posted Date : 06-Feb-2021 , 08:14:26 am | Posted By: CASANSAAR
RBI/2020-21/93
DOR.CAP.BC.No.34/21.06.201/2020-21
February 5, 2021
All Commercial Banks
(Excluding Small Finance Banks, Payments Banks, RRBs and LABs)
Dear Sir/Madam,
Basel III Capital Regulations- Review of transitional arrangements
Please refer tocircular DOR.BP.BC.No.15/21.06.201/2020-21 dated September 29, 2020on ‘Basel III Capital Regulations- Review of transitional arrangements’.
2. In view of the continuing stress on account of COVID-19 and in order to aid ...
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RBI |
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Credit to MSME Entrepreneurs - RBI
Posted Date : 06-Feb-2021 , 08:13:51 am | Posted By: CASANSAAR
RBI/2020-21/92
DOR.No.Ret.BC.37/12.01.001/2020-21
February 05, 2021
All Scheduled Commercial Banks
Dear Sir / Madam
Credit to MSME Entrepreneurs
In terms of paragraph 5 of theStatement on Developmental and Regulatory Policies of February 5, 2021, Scheduled Commercial Banks will be allowed to deduct the amount equivalent to credit disbursed to ‘New MSME borrowers’ from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR). For the...
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RBI |
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Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation
Posted Date : 06-Feb-2021 , 08:13:02 am | Posted By: CASANSAAR
RBI/2020-21/91
DOR.No.Ret.BC.36/12.01.001/2020-21
February 05, 2021
All Scheduled Banks
Dear Sir / Madam
Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) –
Marginal Standing Facility (MSF) - Extension of Relaxation
Please refer to ourcirculars DOR.No.Ret.BC.52/12.01.001/2019-20 dated March 27, 2020,DOR.RRB.No.28/31.01.001/2020-21 dated December 4, 2020andPress Release No.2020-2021/401 dated September 28, 2020on Marginal ...
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RBI |
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Maintenance of Cash Reserve Ratio (CRR) - RBI
Posted Date : 06-Feb-2021 , 08:12:20 am | Posted By: CASANSAAR
RBI/2020-21/90
DOR.No.Ret.BC.35/12.01.001/2020-21
February 5, 2021
All Banks
Dear Sir / Madam
Maintenance of Cash Reserve Ratio (CRR)
Please refer to ourCircular DOR.No.Ret.BC.49/12.01.001/2019-20 dated March 27, 2020, on the captioned subject. The cash reserve ratio (CRR) of all banks was reduced by 100 basis points to 3.00 per cent of their Net Demand and Time liabilities (NDTL) effective from the reporting fortnight beginning March 28, 2020. The dispensation was available for ...
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RBI |
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Loans and advances to directors, their relatives, and firms / concerns in which they are interested
Posted Date : 06-Feb-2021 , 08:11:29 am | Posted By: CASANSAAR
RBI/2020-21/89
DOR.CRG.CRS.Cir.No.5/13.05.000/2020-21
February 5, 2021
The Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Loans and advances to directors, their relatives, and firms / concerns in which they are interested
Please refer to ourcircular BPD.Cir.50/13.05.00/2002-03 dated April 29, 2003on the captioned subject and subsequent i...
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RBI |
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Risk-Based Internal Audit (RBIA) - RBI
Posted Date : 04-Feb-2021 , 07:44:59 am | Posted By: CASANSAAR
RBI/2020-21/88
Ref.No.DoS.CO.PPG./SEC.05/11.01.005/2020-21
February 03, 2021
The Chairman / Managing Director / Chief Executive Officer
All deposit taking Non-Banking Finance Companies (NBFCs)
All non-deposit taking NBFCs (including Core Investment Companies) with asset size of ₹5,000 crore and above
All Primary (Urban) Co-operative Banks (UCBs) with asset size of ₹500 crore and above
Madam / Dear Sir,
Risk-Based Internal Audit (RBIA)
An independent and effective internal ...
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Category :
RBI |
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Strengthening of Grievance Redress Mechanism in Banks - RBI
Posted Date : 28-Jan-2021 , 09:27:39 am | Posted By: CASANSAAR
RBI/2020-21/87
CEPD.CO.PRD.Cir.No.01/13.01.013/2020-21
January 27, 2021
All Scheduled Commercial Banks (excluding Regional Rural Banks)
Madam/Dear Sir,
Strengthening of Grievance Redress Mechanism in Banks
Please refer to the ‘Statement on Developmental and Regulatory Policies’ issued as part of theMonetary Policy statement dated December 4, 2020, wherein it was stated that with a view to strengthen and improve the efficacy of the grievance redress mechanism of banks ...
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RBI |
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Prudential Guidelines on Capital Adequacy and Market Discipline - RBI
Posted Date : 28-Jan-2021 , 09:26:45 am | Posted By: CASANSAAR
RBI/2020-21/86
DOR.No.CRE.BC.33/21.06.007/2020-21
January 27, 2021
All Scheduled Commercial Banks
(Excluding Payment Banks, Local Area Banks and Regional Rural Banks)
Dear Sir/Madam,
Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies – CRISIL Ratings Limited
Please refer to theMaster Circular DBR.No.BP.BC.4./21.06.001/2015-16 dated July 1, 2015on 'Prudential Guidelines on Capital Ade...
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Category :
RBI |
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Withdrawal of circulars - on Recovery of excess pension made to pensioners
Posted Date : 23-Jan-2021 , 10:48:58 am | Posted By: CASANSAAR
RBI/2020-21/84
DGBA.GBD.No.SUO 546/45.01.001/2020-21
January 21, 2021
The Chairman / Chief Executive Officer
All Agency Banks
Dear Sir,
Withdrawal of circulars - on Recovery of excess pension made to pensioners
It has been brought to the notice of RBI that the recovery of excess /wrong pension payments from the pensioners are being made in a manner that is not in keeping with the extant gui...
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RBI |
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Risk Based Internal Audit (RBIA) Framework – Strengthening Governance arrangements
Posted Date : 08-Jan-2021 , 07:51:32 am | Posted By: CASANSAAR
RBI/2020-21/83
Ref.No.DoS.CO.PPG./SEC.04/11.01.005/2020-21
January 07, 2021
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (Excluding RRBs)
All Local Area Banks
All Small Finance Banks and
All Payments Banks
Madam / Dear Sir,
Risk Based Internal Audit (RBIA) Framework – Strengthening Governance arrangements
In terms of the Guidance Note on Risk-Based Internal Audit issued by RBI videcircular DBS.CO.PP.BC.10/11.01.005/2002-03 da...
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Category :
RBI |
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Operationalisation of Payments Infrastructure Development Fund (PIDF) Scheme
Posted Date : 06-Jan-2021 , 07:59:45 am | Posted By: CASANSAAR
RBI/2020-21/81
DPSS.CO.AD No.900/02.29.005/2020-21
January 05, 2021
The Chairman / Managing Director / Chief Executive Officer
Card Issuing and Acquiring Banks and Non-banks / Authorised Card Networks
Madam / Dear Sir,
Operationalisation of Payments Infrastructure Development Fund (PIDF) Scheme
Please refer to theStatement on Developmental and Regulatory Policies dated October 4, 2019and th...
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Category :
RBI |
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Introduction of Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems
Posted Date : 06-Jan-2021 , 07:58:39 am | Posted By: CASANSAAR
RBI/2020-21/82
DPSS.CO.OD No.901/06.24.001/2020-21
January 05, 2021
The Chairman / Managing Director / Chief Executive Officer
of member banks participating in RTGS / NEFT
Madam / Dear Sir,
Introduction of Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems
The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial t...
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RBI |
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Amendment to Master Direction (MD) on KYC – Centralized KYC Registry
Posted Date : 19-Dec-2020 , 08:25:58 am | Posted By: CASANSAAR
RBI/2020-21/80
DOR.AML.BC.No.31/14.01.001/2020-21
December 18, 2020
The Chairpersons/ CEOs of all the Regulated Entities
Dear Sir/Madam,
Amendment to Master Direction (MD) on KYC – Centralized KYC Registry – Roll out of Legal Entity Template & other changes
Regulated Entities (REs) have been uploading the KYC data pertaining to all individual accounts opened on or after January 1, 2017 on to CKYCR in terms of the provisions of the Prevention of Money Laundering (M...
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Category :
RBI |
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Opening of Current Accounts by Banks - Need for Discipline
Posted Date : 15-Dec-2020 , 08:56:23 am | Posted By: CASANSAAR
RBI/2020-21/79
DOR.No.BP.BC.30/21.04.048/2020-21
December 14, 2020
All Scheduled Commercial Banks
All Payments Banks
Madam / Dear Sir,
Opening of Current Accounts by Banks - Need for Discipline
Please refer to thecirculars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020andDOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020on the captioned subject. On a review, it has been decided to permit banks to open specific accounts which are stipulated under various statutes and...
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Category :
RBI |
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Regional Rural Banks - Access to Call/Notice/Term Money Market
Posted Date : 05-Dec-2020 , 10:08:50 am | Posted By: CASANSAAR
RBI/2020-21/78
FMRD.DIRD.01/14.01.001/2020-21
December 04, 2020
All Eligible Market Participants
Madam/Sir,
Regional Rural Banks- Access to Call/Notice/Term Money Market
A reference is invited to theStatement of Developmental and Regulatory Policies dated December 4, 2020wherein it was announced that Regional Rural Banks (RRBs) shall be permitted to participate in the call/notice/term money market.
2. Accordingly, RRBs shall be permitted to participate in the call/notice and t...
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RBI |
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