| Notifications/Circulars |
Category : RBI |
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Master Circular on SHG-Bank Linkage Programme
Posted Date : 02-Apr-2021 , 08:57:37 am | Posted By: CASANSAAR
RBI/2021-22/09
FIDD.CO.FID.BC.No.06/12.01.033/2021-22
April 01, 2021
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, the Master Circular incorporating the existing guidelines/ instruction...
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RBI |
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Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Posted Date : 02-Apr-2021 , 08:56:51 am | Posted By: CASANSAAR
RBI/2021-22/05
FIDD.GSSD.CO.BC.No.04/09.01.01/2021-22
April 01, 2021
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.06/09.01.01/2020-21 dated September 18, 2020on Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM).
Th...
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RBI |
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Master Direction - Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021
Posted Date : 02-Apr-2021 , 08:55:30 am | Posted By: CASANSAAR
RBI/2021-22/78
FMRD.DIRD.01/14.01.001/2021-22
April 01, 2021
To,
All Eligible Market Participants
Madam/Sir,
Master Direction - Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021
Please refer to Paragraph 6 of theStatement on Developmental and Regulatory Policies, Reserve Bank of India, issued as part of thesecond Bi-monthly Monetary Policy Statement for 2019-20 dated June 06, 2019regarding Comprehensive Review of Money Market Directions.
2. The dr...
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RBI |
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Amendment to Master Direction (MD) on KYC – KYC norms for Self Help Groups (SHGs)
Posted Date : 02-Apr-2021 , 08:47:04 am | Posted By: CASANSAAR
RBI/2021-22/10
DOR.AML.BC.No.1/14.01.001/2021-22
April 1, 2021
The Chairpersons/ CEOs of all the banks
Madam/Sir,
Amendment to Master Direction (MD) on KYC – KYC norms for Self Help Groups (SHGs)
Please refer to Section 43 of theMaster Direction on KYC dated February 25, 2016as amended from time to time, wherein simplified norms for Self Help Groups (SHGs) have been stipulated.
2. In this regard, on a review, it has been decided to amend clause (c) of Section 43 to read ...
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RBI |
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Master Circular - Disbursement of Government Pension by Agency Banks
Posted Date : 02-Apr-2021 , 08:46:27 am | Posted By: CASANSAAR
RBI/2021-22/08
DGBA.GBD.No.S-1/31.02.007/2021-22
April 1, 2021
All Agency Banks
Dear Sir/Madam
Master Circular - Disbursement of Government Pension by Agency Banks
Please refer to ourMaster Circular RBI/2020-21/06 dated July 1, 2020on 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 till March 31, 2021
2. A copy of the revisedMaster Circularis enclosed for your in...
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RBI |
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Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Posted Date : 02-Apr-2021 , 08:45:40 am | Posted By: CASANSAAR
RBI/2021-22/07
DGBA.GBD.No. S-2/31.12.010/2021-22
April 1, 2021
All Agency Banks
Dear Sir / Madam
Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Please refer to ourMaster Circular RBI/2020-21/03; DGBA.GBD.No.2/31.12.010/2020-21 dated July 01, 2020on 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 till March 31, 2021....
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RBI |
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Master Circular - Credit Facilities to Minority Communities
Posted Date : 02-Apr-2021 , 08:44:59 am | Posted By: CASANSAAR
RBI/2021-22/06
FIDD.GSSD.BC.No.01/09.10.01/2021-22
April 01, 2021
The Chairman/ Managing Director/ Chief Executive Officer
All Scheduled Commercial Banks including Small Finance Banks
(Excluding RRBs and Foreign banks with less than 20 branches)
Dear Sir / Madam,
Master Circular - Credit Facilities to Minority Communities
Please refer to ourMaster Circular FIDD.GSSD.BC.No.04/09.10.01/2019-20 dated July 01, 2019containing the instructions / guidelines / directives issued to bank...
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RBI |
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Master Direction on Levy of Penal Interest for Delayed Reporting / Wrong Reporting / Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances
Posted Date : 02-Apr-2021 , 08:44:11 am | Posted By: CASANSAAR
RBI/2021-22/77
Master Direction DCM (CC) No.G-4/03.35.01/2021-22
April 01, 2021
The Chairman/ Managing Director/Chief Executive Officer
(All Banks having Currency Chests)
Madam / Dear Sir
Master Direction on Levy of Penal Interest for Delayed Reporting / Wrong Reporting / Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances
In terms of the Preamble, under Section 45 of the RBI Act, 1934 and 35 A of the Banking Regulation Act...
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RBI |
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Master Direction on “Currency Distribution & Exchange Scheme (CDES)” for bank branches including currency chests based on performance in rendering customer service to members of public
Posted Date : 02-Apr-2021 , 08:43:28 am | Posted By: CASANSAAR
RBI/2021-22/76
Master Direction DCM (CC) No.G-2/03.41.01/2021-22
April 01, 2021
The Chairman/Managing Director/Chief Executive Officer
All Banks
Madam / Dear Sir,
Master Direction on “Currency Distribution & Exchange Scheme (CDES)” for bank branches including currency chests based on performance in rendering customer service to members of public
In terms of the Preamble, under Section 45 of the RBI Act, 1934 and 35 A of the Banking Regulation Act, 1949, the Bank ...
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Master Circular – Scheme of Penalties for bank branches including Currency Chests based on performance in rendering customer service to the members of public
Posted Date : 02-Apr-2021 , 08:42:46 am | Posted By: CASANSAAR
RBI/2021-22/03
DCM (CC) No.G-3/03.44.01/2021-22
April 01, 2021
The Chairman/Managing Director/Chief Executive Officer
All Banks
Master Circular – Scheme of Penalties for bank branches including Currency Chests based on performance in rendering customer service to the members of public
Please refer to theCircular DCM (CC) No.G-1/03.44.01/2020-21 dated July 1, 2020on the scheme of penalties.
2. A revised and updated version on the subject isannexedfor information and necessa...
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RBI |
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Master Circular – Detection and Impounding of Counterfeit Notes
Posted Date : 02-Apr-2021 , 08:41:44 am | Posted By: CASANSAAR
RBI/2021-22/02
DCM (FNVD) G–1/16.01.05/2021-22
April 1, 2021
The Chairman/ Managing Director /Chief Executive Officer
All Banks and
Director of Treasuries of all States
Dear Sir / Madam,
Master Circular – Detection and Impounding of Counterfeit Notes
Please refer to theMaster Circular DCM (FNVD) G-2/16.01.05/2020-21 dated July 1, 2020consolidating the instructions issued till July 1, 2020, relating to Detection and Impounding of Counterfeit Notes. TheMaster Circular...
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RBI |
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Master Circular – Facility for Exchange of Notes and Coins
Posted Date : 02-Apr-2021 , 08:41:00 am | Posted By: CASANSAAR
RBI/2021-22/01
DCM (NE) No.G-4/08.07.18/2021-22
April 01, 2021
The Chairman/ The Managing Director/
The Chief Executive Officer
All Banks
Madam / Dear Sir
Master Circular – Facility for Exchange of Notes and Coins
Please refer to theMaster Circular DCM (NE) No.G-3/08.07.18/2020-21 dated July 01, 2020containing instructions on the facility for exchange of notes and coins. A revised version ofMaster Circularon the subject is annexed for your information and necessary action...
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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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Category :
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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