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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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Floating Rate Savings Bonds 2020 (Taxable)
Posted Date : 27-Jun-2020 , 09:53:16 am | Posted By: CASANSAAR
RBI/2019-2020/261
IDMD.CDD.No.3145/13.01.299/2019-20
June 26, 2020
The Chairman & Managing Director
State Bank of India & 11 Nationalised Banks
Axis Bank Ltd., ICICI Bank Ltd.,
HDFC Bank Ltd., IDBI Bank Ltd.
Dear Sir/Madam,
Floating Rate Savings Bonds 2020 (Taxable)
Government of India has decided to launch Floating Rate Savings Bonds 2020 (Taxable) scheme, with effect f...
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RBI |
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Change in Minimum Daily Maintenance of the Cash Reserve Requirement
Posted Date : 27-Jun-2020 , 09:52:32 am | Posted By: CASANSAAR
RBI/2019-20/260
DOR.No.Ret.BC.78/12.01.001/2019-20
June 26, 2020
All Scheduled Banks
Dear Sir / Madam
Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Minimum Daily Maintenance of the Cash Reserve Requirement
Please refer to ourcircular DOR.No.Ret.BC.51/12.01.001/2019-20 dated March 27, 2020on the captioned subject.
2. As announced in theStatement of Developmental and Regula...
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RBI |
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Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF)
Posted Date : 27-Jun-2020 , 09:51:47 am | Posted By: CASANSAAR
RBI/2019-20/259
DOR.No.Ret.BC.77/12.02.001/2019-20
June 26, 2020
All Scheduled Banks (excluding Regional Rural Banks)
Dear Sir / Madam
Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF)
Please refer to ourcircular DOR.No.Ret.BC.52/12.01.001/2019-20 dated March 27, 2020on Marginal Standing Facility (MSF) Scheme.
2. As announced in theStatement of Developmental and Regulatory Policies dat...
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RBI |
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Assignment of Risk Weights on Credit Facilities (Guaranteed Emergency Credit Line) under ECLGS
Posted Date : 22-Jun-2020 , 09:52:34 am | Posted By: CASANSAAR
RBI/2019-20/255
DoR.BP.BC.No.76/21.06.201/2019-20
June 21, 2020
All Member Lending Institutions
(All Scheduled Commercial Banks including Scheduled RRBs)
(NBFCs including HFCs eligible under the captioned scheme)
(All India Financial Institutions - Small Industries Development Bank of India,
National Housing Bank, National Bank for Agriculture and Rural Development and Export-Import Bank of India)
Dear Sir/ Madam,
Assignment of Risk Weights on Credit Facilities (Guaranteed E...
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RBI |
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RBI releases Discussion Paper on ‘Governance in Commercial Banks in India’
Posted Date : 12-Jun-2020 , 09:20:41 am | Posted By: CASANSAAR
The Reserve Bank of India today released on its website aDiscussion Paperon‘Governance in Commercial Banks in India’for public comments.
2. The objective of the discussion paper is to align the current regulatory framework with global best practices while being mindful of the context of domestic financial system. Accordingly, some of the major highlights of the paper are as follows:
i. Empower the Board of Directors to
set the culture an...
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RBI |
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Draft Frameworks for Sale of Loan Exposures and Securitisation of Standard Assets
Posted Date : 09-Jun-2020 , 08:49:54 am | Posted By: CASANSAAR
The Reserve Bank has today placed on its website two draft documents for public comments - the ‘Draft Framework for Securitisation of Standard Assets’ and ‘theDraft Comprehensive Framework for Sale of Loan Exposures’. These guidelines are applicable to all Scheduled Commercial Banks (excluding Regional Rural Banks); All India Financial Institutions (NABARD, NHB, EXIM Bank, and SIDBI); and, all Non-Banking Financial Companies including Housing Finance Companies.
Aimed a...
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RBI |
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Interest Subvention and Prompt Repayment Incentive for Short Term Loans for extended period on account of Covid-19
Posted Date : 05-Jun-2020 , 08:46:16 am | Posted By: CASANSAAR
RBI/2019-20/250
FIDD.CO.FSD.BC.No.25/05.02.001/2019-20
June 4, 2020
The Chairman / Managing Director & CEOs
All Public & Private Sector Scheduled Commercial Banks
Madam/Dear Sir,
Interest Subvention (IS) and Prompt Repayment Incentive (PRI) for Short Term Loans for Agriculture including Animal Husbandry, Dairy and Fisheries for extended period on account of Covid-19
Please refer to ou...
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RBI |
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Extension of timeline for compliance with various payment system requirements
Posted Date : 05-Jun-2020 , 08:45:18 am | Posted By: CASANSAAR
RBI/2019-20/251
DPSS.CO.PD.No.1897/02.14.003/2019-20
June 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 PPI issuers /
Authorised Payment System Participants / Operators
Madam / Dear Sir,
Extension of timeline for compliance with various...
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RBI |
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Recovery of Penal Interest on delayed remittance of Government Receipts into Government Account
Posted Date : 30-May-2020 , 10:20:03 am | Posted By: CASANSAAR
RBI/2019-20/248
DGBA.GBD.No.1909/42.01.011/2019-20
May 29, 2020
The Chairman and Managing Directors/ Managing Director/ CEO
All Agency Banks
Dear Sir / Madam
Recovery of Penal Interest on delayed remittance of Government Receipts into Government Account
Please refer to ourcircular RBI/2019-20/70 DGBA.GBD.No.653/42.01.011/2019-20 dated September 26, 2019through which agency banks were advised ...
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RBI |
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Cessation of 7.75% Savings (Taxable) Bonds, 2018
Posted Date : 28-May-2020 , 08:28:34 am | Posted By: CASANSAAR
RBI/2019-20/247
IDMD.CDD.No.2964/13.01.299/2019-20
May 27, 2020
The Chairman / Managing Director
State Bank of India & Nationalised Banks
Axis Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd,
Stock Holding Corporation of India Ltd. (SHCIL)
Madam/Sir,
Cessation of 7.75% Savings (Taxable) Bonds, 2018
Government of India has videNotification F.No.4(28)-(W&M)/2017 dated May 27, 2020announced that the 7.75 percent Savings (Taxable) Bonds, 2018 shall cease for subscription with ef...
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RBI |
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Change in Bank Rate
Posted Date : 23-May-2020 , 09:17:03 am | Posted By: CASANSAAR
RBI/2019-20/240
DOR.No.Ret.BC.74/12.01.001/2019-20
May 22, 2020
All Scheduled and Non Scheduled Banks
Dear Sir / Madam
Change in Bank Rate
Please refer to ourcircular DBR.No.Ret.BC.53/12.01.001/2019-20 dated March 27, 2020on the captioned subject.
2. As announced in theMonetary Policy Statement 2020-21 dated May 22, 2020, the Bank Rate is revised downwards by 40 basis points from 4.65 per c...
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RBI |
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Standing Liquidity Facility for Primary Dealers
Posted Date : 23-May-2020 , 09:15:22 am | Posted By: CASANSAAR
RBI/2019-20/238
REF.No.MPD.BC.391/07.01.279/2019-20
May 22, 2020
All Primary Dealers,
Standing Liquidity Facility for
Primary Dealers
In theMonetary Policy Statement 2020-21 dated May 22, 2020, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 40 basis points to 4.00 per cent from 4.40 per cent with immediate effect.
2. Accordingly, the Standing Liquidity Facility provided to Primary Dealers (PDs) (collateralised liquidity support) from the R...
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RBI |
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Liquidity Adjustment Facility – Repo and Reverse Repo Rates
Posted Date : 23-May-2020 , 09:14:40 am | Posted By: CASANSAAR
RBI/2019-20/237
FMOD.MAOG.No.142/01.01.001/2019-20
May 22, 2020
All Liquidity Adjustment Facility (LAF) participants
Madam/Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced in theMonetary Policy Statement, 2020-21, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 40 basis points from 4.40 per cent to4.00 per centwith immediate effect.
2. Consequent...
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RBI |
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Marginal Standing Facility
Posted Date : 23-May-2020 , 09:13:47 am | Posted By: CASANSAAR
RBI/2019-20/236
FMOD.MAOG.No.143/01.18.001/2019-20
May 22, 2020
All Marginal Standing Facility (MSF) participants
Madam/Sir,
Marginal Standing Facility
As announced in theMonetary Policy Statement, 2020-21today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 40 basis points from 4.40 per cent to4.00 per centwith immediate effect.
2. Consequently, the Marginal Standing Facility (MSF) rat...
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RBI |
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Know Your Customer (KYC) Direction, 2016 to Housing Finance Companies
Posted Date : 20-May-2020 , 09:26:46 am | Posted By: CASANSAAR
RBI/2019-20/235
DOR.NBFC (HFC).CC.No.111/03.10.136/2019-20
May 19, 2020
To
Housing Finance Companies
Madam/ Sir,
Extending Master Direction – Know Your Customer (KYC) Direction, 2016 to Housing Finance Companies
TheMaster Direction – Know Your Customer (KYC) Direction, 2016issued by the Bank has consolidated directions on Know Your Customer (KYC), Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) and is applicable to all Regulated Entities ...
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RBI |
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Reporting Platform for OTC Derivatives – Transactions undertaken by IFSC Banking Units (IBUs) and non-deliverable derivative contracts
Posted Date : 19-May-2020 , 09:19:49 am | Posted By: CASANSAAR
RBI/2019-20/233
FMRD.FMID.26/02.05.002/2019-20
May 18, 2020
All Authorised Dealer Category-I Banks
Madam/Sir,
Reporting Platform for OTC Derivatives – Transactions undertaken by IFSC Banking Units (IBUs) and non-deliverable derivative contracts (involving Rupee or otherwise)
In terms ofA.P. (DIR Series) circular no.23 dated March 27, 2020, banks in India having an Authorised Dealer Category-1 license under FEMA, 1999, and operating IBUs have been permitted, with effect from...
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RBI |
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Extension of Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit
Posted Date : 14-May-2020 , 09:53:45 am | Posted By: CASANSAAR
RBI/2019-20/231
DOR.Dir.BC.No.69/04.02.001/2019-20
May 13, 2020
All Scheduled Commercial Banks (excluding RRBs)
Small Finance Banks, Primary (Urban) Cooperative Banks
and EXIM Bank
Dear Sir / Madam,
Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit-Extension
Please refer to the operational instructions for the captioned Scheme contained in RBI circular on Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit issued videDBR.Dir.BC.No.6...
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RBI |
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