| Notifications/Circulars |
Category : 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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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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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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Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs)
Posted Date : 05-Dec-2020 , 10:07:09 am | Posted By: CASANSAAR
RBI/2020-21/76
DOR.RRB.No.28/31.01.001/2020-21
December 4, 2020
All Regional Rural Banks
Madam/ Sir,
Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs)
In order to provide an additional avenue for liquidity management to Regional Rural Banks (RRBs), it has been decided that Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) will be extended to Scheduled RRBs meeting the following criteria:...
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RBI |
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Declaration of dividends by banks - RBI
Posted Date : 05-Dec-2020 , 10:06:28 am | Posted By: CASANSAAR
RBI/2020-21/75
DOR.BP.BC.No.29/21.02.067/2020-21
December 4, 2020
All Commercial Banks and All Cooperative Banks,
Madam / Dear Sir,
Declaration of dividends by banks
Please refer to ourcircular DOR.BP.BC.No.64/21.02.067/2019-20 dated April 17, 2020, on the captioned subject.
2. In view of the ongoing stress and heightened uncertainty on account of COVID-19, it is imperative that banks continue to conserve capital to support the economy and absorb losses. In order to further st...
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RBI |
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Processing of e-mandates for recurring transactions
Posted Date : 05-Dec-2020 , 10:05:40 am | Posted By: CASANSAAR
RBI/2020-21/74
DPSS.CO.PD No.754/02.14.003/2020-21
December 04, 2020
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 Payments Corporation of India
Madam / Dear Sir,
...
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RBI |
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Authorisation of entities for operating a Payment System under the Payment and Settlement Systems Act, 2007 (PSS Act) – Introduction of Cooling Period
Posted Date : 05-Dec-2020 , 10:04:58 am | Posted By: CASANSAAR
RBI/2020-21/73
DPSS.CO.OD.No.753/06.08.005/2020-21
December 4, 2020
The Chairman / Managing Director / Chief Executive Officer
Non-bank Payment System Operators
Madam / Dear Sir
Authorisation of entities for operating a Payment System under the Payment and
Settlement Systems Act, 2007 (PSS Act) – Introduction of Cooling Period
Please refer to provisions contained in Section 4 of ...
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RBI |
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Perpetual Validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act)
Posted Date : 05-Dec-2020 , 10:04:08 am | Posted By: CASANSAAR
RBI/2020-21/72
DPSS.CO.AD.No.724/02.27.005/2020-21
December 4, 2020
The Chairman / Managing Director / Chief Executive Officer
Authorised Non-bank Payment System Operators
Madam / Dear Sir.
Perpetual Validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act)
This has reference to theStatement on Developmental and Regulatory Policies dated October 9, 2020wherein Reserve Bank of India (RBI) had...
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RBI |
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Card transactions in Contactless mode - Relaxation in requirement of Additional Factor of Authentication
Posted Date : 05-Dec-2020 , 10:03:04 am | Posted By: CASANSAAR
RBI/2020-21/71
DPSS.CO.PD No.752/02.14.003/2020-21
December 04, 2020
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
Madam / Dear Sir,
Card transactions in Contactless mode - Re...
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RBI |
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The Lakshmi Vilas Bank Ltd. branches to operate as DBS Bank India Ltd. branches from Nov 27, 2020
Posted Date : 26-Nov-2020 , 09:16:31 am | Posted By: CASANSAAR
The Government of India has today sanctioned theScheme for the amalgamationof the Lakshmi Vilas Bank Ltd. with DBS Bank India Ltd. The amalgamation will come into force on the Appointed date i.e. November 27, 2020. All the branches of the Lakshmi Vilas Bank Ltd. will function as branches of DBS Bank India Ltd. with effect from this date.
Customers, including depositors of the Lakshmi Vilas Bank Ltd. will be able to operate their accounts as customers of DBS Bank India Ltd. with effect fro...
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Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign law firms
Posted Date : 24-Nov-2020 , 09:14:11 am | Posted By: CASANSAAR
RBI/2020-21/69
A.P. (DIR Series) Circular No. 07
November 23, 2020
To,
All Category - I Authorized Dealer Banks
Madam / Sir
Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO)
or any other place of business in India by foreign law firms
Attention of the Authorised Dealer (AD - Category I) banks is invited toAP (DIR Series) Circular No. 23 dated October 29, 2015, on the above issue advising that no fresh permissions/ renewal of permission shall be g...
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RBI |
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Maintenance of Escrow Account with a Scheduled Commercial Bank
Posted Date : 18-Nov-2020 , 10:35:44 am | Posted By: CASANSAAR
RBI/2020-21/68
DPSS.CO.PD.No.660/02.14.008/2020-21
November 17, 2020
All Scheduled Commercial Banks / Authorised Prepaid Payment Instrument Issuers /
Payment Aggregators / Payment System Providers / System Participants
Madam / Dear Sir,
Maintenance of Escrow Account with a Scheduled Commercial Bank
A reference is invited to the instructions issued by Reserve Bank of India vide (a)DPSS.CO.PD.No.1164/02.14.006/2017-18 dated October 11, 2017(updated as on February 28, 2020) on &lsq...
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RBI |
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Co-Lending by Banks and NBFCs to Priority Sector - RBI
Posted Date : 06-Nov-2020 , 10:14:35 am | Posted By: CASANSAAR
RBI/2020-21/63
FIDD.CO.Plan.BC.No.8/04.09.01/2020-21
November 05, 2020
The Chairman / Managing Director/
Chief Executive Officer
All Scheduled Commercial Banks
(Excluding SFBs, RRBs, UCBs and LABs)
All Registered Non-Banking Financial Companies (including Housing Finance Companies)
Madam/Dear Sir,
Co-Lending by Banks and NBFCs to Priority Sector
Please refer to thecircular FIDD.CO.Plan.BC.08/04.09.01/2018-19 dated September 21, 2018on co-origination of loans by banks and NBFC...
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RBI |
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Opening of Current Accounts by Banks - Need for Discipline
Posted Date : 03-Nov-2020 , 08:45:39 am | Posted By: CASANSAAR
RBI/2020-21/62
DOR.No.BP.BC.27/21.04.048/2020-21
November 02, 2020
All Scheduled Commercial Banks
All Payments Banks
Madam / Dear Sir,
Opening of Current Accounts by Banks - Need for Discipline
Please refer to ourcircular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020on the captioned subject.
2. In this connection, a reference is invited to Para 4 of the circular referred to above, wherein the banks were advised that in respect of existing current and CC/OD accounts, b...
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RBI |
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Scheme for grant of ex-gratia payment of difference between compound interest and simple interest in specified loan accounts
Posted Date : 27-Oct-2020 , 10:25:11 am | Posted By: CASANSAAR
RBI/2020-21/61
DOR.No.BP.BC.26/21.04.048/2020-21
October 26, 2020
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,
Scheme for grant of ex-gratia payment of difference between compound interest and simple inter...
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RBI |
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Review of regulatory framework for Housing Finance Companies (HFCs)
Posted Date : 23-Oct-2020 , 10:11:15 am | Posted By: CASANSAAR
RBI/2020-21/60
DOR.NBFC (HFC).CC.No.118/03.10.136/2020-21
October 22, 2020
To,
Housing Finance Companies
Madam/ Dear Sir,
Review of regulatory framework for Housing Finance Companies (HFCs)
Please refer to the Bank’sPress Release No.2019-20/419 dated August 13, 2019and draft regulatory framework placed in public domain onJune 17, 2020seeking comments from stakeholders. Based on the ...
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RBI |
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Digital Payment Transactions – Streamlining QR Code infrastructure - RBI
Posted Date : 23-Oct-2020 , 10:10:30 am | Posted By: CASANSAAR
RBI/2020-21/59
DPSS.CO.PD.No.497/02.14.003/2020-21
October 22, 2020
The Chairman / Managing Director / Chief Executive Officer
Authorised Payment System Operators (Banks and Non-banks)
Madam / Dear Sir,
Digital Payment Transactions – Streamlining QR Code infrastructure
As you are aware, Reserve Bank had constituted a Committee (Chairperson : Prof Deepak Phatak) to review the current system of Quick Response (QR) Codes in India and suggest measures for moving towards intero...
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RBI |
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Framework for Recognition of a Self-Regulatory Organisation for Payment System Operators - RBI
Posted Date : 23-Oct-2020 , 10:09:33 am | Posted By: CASANSAAR
RBI/2020-21/58
DPSS.CO.PD.No.503/02.12.004/2020-21
October 22, 2020
The Chairman / Managing Director / Chief Executive Officer
Authorised Payment System Operators (Banks and Non-banks)
Madam / Dear Sir,
Framework for Recognition of a Self-Regulatory Organisation for Payment System Operators
Industry self-governance helps in industry-wide smooth operations and ecosystem development. Reserve Bank of India’s Payment and Settlement Systems Vision 2019-21, therefore, envisaged ...
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RBI |
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SLR holdings in HTM category - RBI
Posted Date : 13-Oct-2020 , 08:17:10 am | Posted By: CASANSAAR
RBI/2020-2021/54
DoR.No.BP.BC.22/21.04.141/2020-21
October 12, 2020
All Commercial Banks
Madam/ Sir,
SLR holdings in HTM category
Please refer to paragraph 2 ofStatement on Developmental and Regulatory Policies of the Monetary Policy Statement, 2020-21 dated October 9, 2020and ourcircular DoR.No.BP.BC.9/21.04.141/2020-21 dated September 1, 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) c...
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RBI |
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Regulatory Retail Portfolio – Revised Limit for Risk Weight
Posted Date : 13-Oct-2020 , 08:14:02 am | Posted By: CASANSAAR
RBI/2020-21/53
DOR.No.BP.BC.23/21.06.201/2020-21
October 12, 2020
All Scheduled Commercial Banks
(Including Small Finance Banks,
Excluding Local Area Banks and Regional Rural Banks)
Dear Sir/Madam,
Regulatory Retail Portfolio – Revised Limit for Risk Weight
Please refer to paragraph 5 of theStatement on Developmental and Regulatory Policies dated October 9, 2020on the limit for regulatory retail portfolio.
2. In terms of para 5.9 on “Claims included in the Regula...
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RBI |
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Sovereign Gold Bond Scheme (SGB) 2020-21- Series VII, VIII, IX, X, XI, XII
Posted Date : 10-Oct-2020 , 09:39:48 am | Posted By: CASANSAAR
RBI/2020-2021/52
IDMD.CDD.No.730/14.04.050/2020-21
October 9, 2020
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) 2020-21- Series VII, VIII, IX, X, XI, XII
Government of India has vide itsNotification No F.No4.(4)-B (W&M)/2020 dated October 9, 20...
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RBI |
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Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR)
Posted Date : 30-Sep-2020 , 08:21:05 am | Posted By: CASANSAAR
RBI/2020-21/43
DOR.BP.BC.No.16/21.04.098/2020-21
September 29, 2020
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 DOR.BP.BC.No.46/21.04.098/2019-20 dated March 27, 2020on Net Stable Funding Ratio (NSFR) guidelines.
2. In view of the continued uncertainty on account of COVID-19, on a review, it has been deci...
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RBI |
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Basel III Capital Regulations - Review of transitional arrangements
Posted Date : 30-Sep-2020 , 08:20:15 am | Posted By: CASANSAAR
RBI/2020-21/42
DOR.BP.BC.No15/21.06.201/2020-21
September 29, 2020
All Commercial Banks
(Excluding Small Finance Banks, Payment Banks, RRBs and LABs)
Dear Sir/Madam,
Basel III Capital Regulations - Review of transitional arrangements
Please refer tocircular DOR.BP.BC.No.45/21.06.201/2019-20 dated March 27, 2020on ‘Basel III Capital Regulations - Review of transitional arrangements’.
2. In view of the continuing stress on account of COVID-19, it has been decided to...
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RBI |
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Positive Pay System for Cheque Truncation System - RBI
Posted Date : 26-Sep-2020 , 09:48:01 am | Posted By: CASANSAAR
RBI/2020-21/41
DPSS.CO.RPPD.No.309/04.07.005/2020-21
September 25, 2020
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,
Positive Pay System for Cheque Truncation System
Please refer to theStatement...
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RBI |
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RBI releases Handbook of Statistics on the Indian Economy 2019-20
Posted Date : 19-Sep-2020 , 09:52:48 am | Posted By: CASANSAAR
Today, the Reserve Bank released its annual publication titled “Handbook of Statistics on the Indian Economy, 2019-20” (HBS). This publication, the 22nd in the series, disseminates time series data on various economic and financial indicators relating to the Indian economy. The current volume contains 240 statistical tables covering national income aggregates, output, prices, money, banking, financial markets, public finances, foreign trade and balance of payments and select socio-ec...
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RBI |
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Automation of Income Recognition, Asset Classification and Provisioning processes in banks
Posted Date : 15-Sep-2020 , 09:56:33 am | Posted By: CASANSAAR
RBI/2020-21/37
Ref. No. DoS.CO.PPG./SEC.03/11.01.005/2020-21
September 14, 2020
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (Excluding RRBs) and
All Small Finance Banks
Madam / Dear Sir,
Automation of Income Recognition, Asset Classification and Provisioning processes in banks
We invite a reference to our circular DBS.CO.PPD.No.1950/11.01.005/2011-12 dated August 04, 2011, in terms of which banks were advised, inter alia, to have ap...
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RBI |
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Compliance functions in banks and Role of Chief Compliance Officer (CCO) - RBI
Posted Date : 12-Sep-2020 , 10:11:46 am | Posted By: CASANSAAR
RBI/2020-21/35
Ref. No. DoS.CO.PPG./SEC.02/11.01.005/2020-21
September 11, 2020
The Chairman / Managing Director & Chief Executive Officer
All Scheduled Commercial Banks (Excluding RRBs)
All Local Area Banks and
All Small Finance Banks and Payment Banks
Madam / Dear Sir,
Compliance functions in banks and Role of Chief Compliance Officer (CCO)
Please refer to the guidelines on compliance functions vide ourcirculars DBS.CO.PP.BC.6/11.01.005/2006-07 dated April 20, 2007andDBS...
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RBI |
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Resolution Framework for COVID-19-related Stress – Financial Parameters
Posted Date : 08-Sep-2020 , 10:10:41 am | Posted By: CASANSAAR
RBI/2020-21/34
DOR.No.BP.BC/13/21.04.048/2020-21
September 7, 2020
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
Please refe...
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RBI |
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RBI revises Long Form Audit Report (LFAR) after 18 Years
Posted Date : 07-Sep-2020 , 09:31:43 am | Posted By: CASANSAAR
RBI/2020-21/33
Ref.No.DOS.CO.PPG./SEC.01/11.01.005/2020-21
September 05, 2020
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (Excluding RRBs)
All Local Area Banks
All Small Finance Banks and
All Payment Banks
Madam /Dear Sir,
Long Form Audit Report (LFAR) - Review
Please refer to RBI circular No. DBS.CO.PP.BC.11/11.01.005/2001-2002 dated April 17, 2002 on revision of Long Form Audit Report (LFAR).
2. Keeping in view the large scal...
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RBI |
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RBI Releases Revised Priority Sector Lending Guidelines
Posted Date : 05-Sep-2020 , 09:22:09 am | Posted By: CASANSAAR
Reserve Bank of India has comprehensively reviewed thePriority Sector Lending (PSL) Guidelinesto align it with emerging national priorities and bring sharper focus on inclusive development, after having wide ranging discussions with all stakeholders.
Revised PSL guidelines will enable better credit penetration to credit deficient areas; increase the lending to small and marginal farmers and weaker sections; boost credit to renewable energy, and health infrastructure.
Bank finance to start-...
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