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Notifications/Circulars Category : RBI
Master Directions – Priority Sector Lending (PSL) – Targets and Classification
Posted Date : 05-Sep-2020 , 09:20:31 am | Posted By: CASANSAAR

The Priority Sector Lending (PSL) guidelines issued by Reserve Bank of India were last reviewed for Commercial Banks in April 2015 and for UCBs in May 2018 respectively. With an objective to harmonise various instructions issued to Commercial Banks, SFBs, RRBs, UCBs and LABs; align these guidelines with emerging national priorities and bring sharper focus on inclusive development, it was decided to comprehensively review the PSL guidelines. The revised guidelines also aim to encourage and suppor...

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Category : RBI | Comments : 0 | Hits : 1068

SLR holdings in HTM category - RBI
Posted Date : 02-Sep-2020 , 09:05:43 am | Posted By: CASANSAAR

RBI/2020-21/29 DoR.No.BP.BC.9/21.04.141/2020-21 September 1, 2020 All Commercial Banks Dear Sir, SLR holdings in HTM category Please refer to ourcirculars DBR.No.BP.BC.6/21.04.141/2015-16 dated July 1, 2015read withDBR.No.BP.BC.65/21.04.141/2015-16 dated December 10, 2015andDBR.No.Ret.BC.90/12.02.001/2017-18 dated October 4, 2017on the subject. 2. Currently, banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (HTM) category, p...

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Category : RBI | Comments : 0 | Hits : 1004

Extension of time for Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS)
Posted Date : 27-Aug-2020 , 10:21:16 am | Posted By: CASANSAAR

RBI/2020-21/28 DoR (PCB).BPD.Cir.No.2/12.05.001/2020-21 August 26, 2020 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear 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 the Act [as amended by the Banking Regulation (Amendment) Ordinance, 2020], accounts and balance-sheet referre...

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Category : RBI | Comments : 0 | Hits : 1141

Ad-hoc/Short Review/Renewal of Credit Facilities - RBI
Posted Date : 22-Aug-2020 , 10:05:49 am | Posted By: CASANSAAR

RBI/2020-21/27 DoS.CO.PPG.BC.1/11.01.005/2020-21 August 21, 2020 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Urban Cooperative Banks Madam/Dear Sir, Ad-hoc/Short Review/Renewal of Credit Facilities In terms ofcircular DBOD.No.BP.(SC).BC.98/21.04.103/99 dated October 7, 1999on Risk Management System in Banks, Scheduled Commercial Banks (SCBs) are required to put in place a board approved credit policy, which, inter alia, should prescribe the perio...

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Category : RBI | Comments : 0 | Hits : 1179

New Definition of Micro, Small and Medium Enterprises – Clarifications by RBI
Posted Date : 22-Aug-2020 , 10:04:01 am | Posted By: CASANSAAR

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...

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Category : RBI | Comments : 0 | Hits : 1237

RBI releases framework for authorisation of pan-India Umbrella Entity for Retail Payments
Posted Date : 20-Aug-2020 , 10:14:01 am | Posted By: CASANSAAR

Reserve Bank has today placed on its website, the‘framework for authorisation of pan-India Umbrella Entity for Retail Payments’. The framework has been released after due deliberations on the comments / feedback received on the ‘draft framework for authorisation of a pan-India New Umbrella Entity for Retail Payment Systems’ which was placed on Reserve Bank’s website on February 10, 2020 inviting public comments. The Reserve Bank invites applic...

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Category : RBI | Comments : 0 | Hits : 1057

Review of Guidelines for Core Investment Companies - RBI
Posted Date : 14-Aug-2020 , 10:48:55 am | Posted By: CASANSAAR

RBI/2020-21/24 DoR (NBFC) (PD) CC. No.117/03.10.001/2020-21 August 13, 2020 All Core Investment Companies (CICs) Madam/Dear Sir, Review of Guidelines for Core Investment Companies Please refer to the report of the Working Group (WG) to Review the Regulatory and Supervisory Framework for Core Investment Companies (CICs), constituted under the Chairmanship of Shri Tapan Ray, former Secretary, Ministry of Corporate Affairs, Government of India. The report of the WG was placed in pub...

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Category : RBI | Comments : 0 | Hits : 998

System-based asset classification - UCBs
Posted Date : 13-Aug-2020 , 10:33:51 am | Posted By: CASANSAAR

The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, System-based asset classification - UCBs Please refer to theMaster Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 1, 2015containing consolidated instructions on income recognition, asset classification, provisioning and other related matters. 2. In order to improve the efficiency, transparency and integrity of the asset classification process, it has been decided to implement system-...

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Category : RBI | Comments : 0 | Hits : 911

Offline Retail Payments using Cards / Wallets / Mobile Devices – Pilot
Posted Date : 07-Aug-2020 , 10:17:14 am | Posted By: CASANSAAR

RBI/2020-21/22 DPSS.CO.PD.No.115/02.14.003/2020-21 August 06, 2020 The Chairman / Managing Director / Chief Executive Officer Authorised Payment System Operators (Banks and Non-banks) Madam / Dear Sir, Offline Retail Payments using Cards / Wallets / Mobile Devices – Pilot Please refer to theStatement on Developmental and Regulatory policiesissued as part ofMonetary Policy statement da...

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Online Dispute Resolution (ODR) System for Digital Payments
Posted Date : 07-Aug-2020 , 10:15:56 am | Posted By: CASANSAAR

RBI/2020-21/21 DPSS.CO.PD No.116/02.12.004/2020-21 August 6, 2020 The Chairman / Managing Director / Chief Executive Officer Authorised Payment System Operators and Participants (Banks and Non-banks) Madam / Dear Sir, Online Dispute Resolution (ODR) System for Digital Payments Please refer to theStatement on Developmental and Regulatory Policies dated August 6, 2020wherein the Reserve Bank ...

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Category : RBI | Comments : 0 | Hits : 1009

Opening of Current Accounts by Banks - Need for Discipline
Posted Date : 07-Aug-2020 , 10:15:12 am | Posted By: CASANSAAR

RBI/2020-21/20 DOR.No.BP.BC/7/21.04.048/2020-21 August 6, 2020 All Scheduled Commercial Banks All Payments Banks Madam/Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to thecircular DBR.Leg.BC.25./09.07.005/2015-16 dated July 2, 2015on the subject. The instructions on opening of current accounts by banks have been reviewed and the revised instructions are as under: i. No bank shall open current accounts for customers who have availed credit f...

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Category : RBI | Comments : 0 | Hits : 1183

Loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses
Posted Date : 07-Aug-2020 , 10:14:28 am | Posted By: CASANSAAR

RBI/2020-21/19 DoR.No.BP.BC/6/21.04.048/2020-21 August 6, 2020 All Scheduled Commercial Banks (Including Regional Rural Banks) Madam/Dear Sir, Loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses Please refer to thecirculars DBOD.No.BP.BC.27/21.04.048/2014-15 July 22, 2014andDBR.RRB.BC.No.53/31.01.001/2016-17 dated February 16, 2017. Under the extant guidelines, loans sanctioned by banks against pledge of gold ornaments and jewellery should not exceed 75 per ...

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Category : RBI | Comments : 1 | Hits : 14912

Basel III Capital Regulations – Treatment of debt mutual funds/ETFs
Posted Date : 07-Aug-2020 , 10:13:46 am | Posted By: CASANSAAR

RBI/2020-21/18 DOR.No.BP.BC/5/21.04.201/2020-21 August 6, 2020 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam Basel III Capital Regulations – Treatment of debt mutual funds/ETFs Please refer to ourcircular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015, on Basel III capital regulations. 2. In terms of para 8.4.1...

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Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances
Posted Date : 07-Aug-2020 , 10:12:59 am | Posted By: CASANSAAR

RBI/2020-21/17 DOR.No.BP.BC/4/21.04.048/2020-21 August 6, 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 Dear Sir/ Madam, Micro, Small and Medium Enterprises (M...

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Resolution Framework for COVID-19-related Stress
Posted Date : 07-Aug-2020 , 10:12:14 am | Posted By: CASANSAAR

RBI/2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 August 6, 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, ...

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Implementation of Indian Accounting Standards - RBI
Posted Date : 25-Jul-2020 , 10:19:03 am | Posted By: CASANSAAR

RBI/2020-21/15 DOR (NBFC).CC.PD.No.116/22.10.106/2020-21 July 24, 2020 To Non-Banking Financial Companies and Asset Reconstruction Companies implementing Indian Accounting Standards Madam / Sir, Implementation of Indian Accounting Standards Please refer to paragraph 3 of the Annex to ourcircular DOR (NBFC).CC.PD.No.109/22.10.106/2019-20 dated March 13, 2020, on the captioned subject, in terms of which any net unrealised gains arising on fair valuation of financial instrument...

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Category : RBI | Comments : 0 | Hits : 1072

RBI releases the Financial Stability Report, July 2020
Posted Date : 25-Jul-2020 , 10:18:20 am | Posted By: CASANSAAR

Today, the Reserve Bank released the 21st Issue of theFinancial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability, and the resilience of the financial system in the context of contemporaneous issues relating to development and regulation of the financial sector. Highlights: In response to COVID-19, a combination of fiscal, monetary and regulatory interventions...

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Category : RBI | Comments : 0 | Hits : 1017

Fair Practices Code for Asset Reconstruction Companies - RBI
Posted Date : 17-Jul-2020 , 09:41:31 am | Posted By: CASANSAAR

RBI/2020-21/13 DOR.NBFC(ARC) CC. No. 9/26.03.001/2020-21 July 16, 2020 All Asset Reconstruction Companies Madam/Dear Sir, Fair Practices Code for Asset Reconstruction Companies In exercise of the powers conferred by Section 9 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002, Asset Reconstruction Companies registered with the Bank are adv...

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Exemption from Registration as NBFC – Alternative Investment Fund (AIF)
Posted Date : 11-Jul-2020 , 09:54:12 am | Posted By: CASANSAAR

RBI/2020-21/12 DOR (NBFC).CC.PD.No.115/03.10.001/2020-21 July 10, 2020 All Non-Banking Financial Companies (NBFCs) Madam/ Dear Sir, Exemption from Registration as NBFC – Alternative Investment Fund (AIF) A reference is invited to para 5 ofMaster Directions on Exemptions from the provisions of RBI Act, 1934 dated August 25, 2016. Venture capital fund companies, holding a certificate of registra...

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Extension of timeline for finalization of audited accounts - RBI
Posted Date : 07-Jul-2020 , 08:24:18 am | Posted By: CASANSAAR

RBI/2020-21/11 DoR (NBFC) (PD) CC. No. 114/03.10.001/2020-21 July 06, 2020 All Non-Banking Finance Companies (NBFCs) Madam/ Dear Sir, Extension of timeline for finalization of audited accounts Please refer to para 18(2) of theMaster Direction on Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016andNon-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016, as per which every applicable NBFC shall...

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Credit flow to Micro, Small and Medium Enterprises Sector - RBI
Posted Date : 03-Jul-2020 , 10:21:29 am | Posted By: CASANSAAR

RBI/2020-2021/10 FIDD.MSME & NFS.BC.No.3/06.02.31/2020-21 July 2, 2020 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, Credit flow to Micro, Small and Medium Enterprises Sector Plea...

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Distressed Assets Fund - Subordinate Debt for Stressed MSMEs
Posted Date : 02-Jul-2020 , 10:11:26 am | Posted By: CASANSAAR

RBI/2020-21/09 DoR.BP.BC.No.01/21.04.048/2020-21 July 1, 2020 All Scheduled Commercial Banks (including Scheduled RRBs) Dear Sir/Madam, Distressed Assets Fund - Subordinate Debt for Stressed MSMEs Please refer to the circular No.170/2020-21 dated June 24, 2020 issued by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) regarding the captioned scheme. As the credit facilities extended under the above scheme are backed by a guarantee from CGTMSE, as a special...

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Master Circular – Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public
Posted Date : 02-Jul-2020 , 10:10:39 am | Posted By: CASANSAAR

RBI/2020-21/08 DCM (CC) No.G-1/03.44.01/2020-21 July 01, 2020 The Chairman & Managing Director Chief Executive Officers All Banks Master Circular – Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public Please refer to theCircular DCM (CC) No.G-5/03.44.01/2019-20 dated July 01, 2019on the scheme of penalties. 2. A revised and updated version on the subject isannexedfor information and necessary action. 3. T...

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Master Circular – Facility for Exchange of Notes and Coins
Posted Date : 02-Jul-2020 , 10:09:44 am | Posted By: CASANSAAR

RBI/2020-21/07 DCM (NE) No.G-3/08.07.18/2020-21 July 01, 2020 The Chairman and Managing Director / 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-2/08.07.18/2019-20 dated July 01, 2019containing instructions on the facility for exchange of notes and coins. A revised version ofMaster Circularon the subject is annexed for your informat...

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Master Circular - Disbursement of Government Pension by Agency Banks
Posted Date : 02-Jul-2020 , 10:08:52 am | Posted By: CASANSAAR

RBI/2020-21/06 DGBA.GBD.No.01/31.02.007/2020-21 July 01, 2020 All Agency Banks Dear Sir/Madam Master Circular - Disbursement of Government Pension by Agency Banks Please refer to ourMaster Circular RBI/2019-20/57 dated September 9, 2019on 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 June 30, 2020. 2. A copy of the revisedMaster Circularis enclosed for your ...

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Master Circular – Lead Bank Scheme
Posted Date : 02-Jul-2020 , 10:07:34 am | Posted By: CASANSAAR

RBI/2020-21/05 FIDD.CO.LBS.BC.No.1/02.01.001/2020-21 July 01, 2020 The Chairmen/ Managing Directors/ Chief Executive Officers SLBC/ UTLBC Convenor Banks / Lead Banks Madam/ Dear Sir, Master Circular – Lead Bank Scheme The Reserve Bank of India has issued a number of guidelines/instructions on Lead Bank Scheme from time to time. ThisMaster Circularconsolidates the relevant guidelines/ in...

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Master Circular – Detection and Impounding of Counterfeit Notes
Posted Date : 02-Jul-2020 , 10:06:31 am | Posted By: CASANSAAR

RBI/2020-21/04 DCM (FNVD) G–2/16.01.05/2020-21 July 1, 2020 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-1/16.01.05/2019-20 dated July 1, 2019consolidating the instructions issued till Ju...

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Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Posted Date : 02-Jul-2020 , 10:05:37 am | Posted By: CASANSAAR

RBI/2020-21/03 DGBA.GBD.No.2/31.12.010/2020-21 July 1, 2020 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/2019-20/28 DGBA.GBD.No.250/31.12.010/2019-20 dated August 1, 2019on 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 June 30, 2020. ...

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Master Circular on SHG-Bank Linkage Programme
Posted Date : 02-Jul-2020 , 10:04:34 am | Posted By: CASANSAAR

RBI/2020-21/02 FIDD.FID.BC.No.02/12.01.033/2020-21 July 01, 2020 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/instructions on th...

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Special liquidity scheme for NBFCs/HFCs
Posted Date : 02-Jul-2020 , 10:03:50 am | Posted By: CASANSAAR

RBI/2020-21/01 DoR (NBFC) (PD) CC.No.113/03.10.001/2020-21 July 01, 2020 All NBFCs/HFCs Madam/Dear Sir, Special liquidity scheme for NBFCs/HFCs The Government of India has approved a scheme to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector. To be eligible under the Scheme, the following conditions should be met: NBFCs including Microfinance Institutions that are registered...

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