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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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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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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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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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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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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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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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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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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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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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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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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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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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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RBI |
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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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