| Notifications/Circulars |
Category : RBI |
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Submission of regulatory returns - Extension of timelines by RBI
Posted Date : 01-May-2020 , 10:28:01 am | Posted By: CASANSAAR
RBI/2019-20/228
DOR.BP.BC.No.68/21.04.018/2019-20
April 29, 2020
All Scheduled Commercial Banks
(including RRBs and Small Finance Banks),
Payments Banks and Local Area Banks,
All India Financial Institutions,
All Co-operative Banks,
Madam / Dear Sir,
Submission of regulatory returns - Extension of timelines
In order to mitigate the difficulties in timely submission of v...
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RBI |
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RBI Announces Rs. 50,000 Cr Special Liquidity Facility for Mutual Funds (SLF-MF)
Posted Date : 27-Apr-2020 , 10:42:23 am | Posted By: CASANSAAR
Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom. The stress is, however, confined to the high-risk debt MF segment at this stage; the larger industry remains liquid.
2. The RBI has stated that it remains vigilant and will take whatever steps are necessary to mitigate the economic impact o...
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RBI |
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Contribution to the Rural Infrastructure Development Fund (RIDF) and other funds
Posted Date : 25-Apr-2020 , 09:41:40 am | Posted By: CASANSAAR
RBI/2019-20/226
DOR (PCB).BPD.Cir.No.12/09.09.002/2020-21
April 24, 2020
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Non-achievement of Priority Sector Lending Targets by Primary (Urban) Co-operative Banks (UCBs) - Contribution to the Rural Infrastructure Development Fund (RIDF) and other funds
Please refer to thecircular DCBR.BPD (PCB).Cir.No.07/09.09.002/2017-18 dated May 10, 2018on Revised Guidelines on Lending to Priority Sector for P...
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RBI |
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Electronic Cards for Overdraft Accounts - RBI
Posted Date : 24-Apr-2020 , 10:27:04 am | Posted By: CASANSAAR
RBI/2019-20/225
DOR.FSD.BC.No.67/24.01.041/2019-20
April 23, 2020
All Scheduled Commercial Banks
Madam / Dear Sir,
Electronic Cards for Overdraft Accounts
Please refer to Para II.2 of‘Master Circular on Credit Card, Debit Card and Rupee Denominated Co-branded Pre-paid Card Operations of Banks and Credit Card issuing NBFCs’ dated July 1, 2015wherein banks have been permitted to issue debi...
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RBI |
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Interest Subvention (IS) and Prompt Repayment Incentive (PRI) for Short Term Crop Loans
Posted Date : 22-Apr-2020 , 10:01:25 am | Posted By: CASANSAAR
RBI/2019-20/224
FIDD.CO.FSD.BC.No.24/05.02.001/2019-20
April 21, 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 Crop Loans during the years 2018-19 and 2019-20: Extended Period on account of Covid-19
Please refer to ourcircular FIDD.CO.FSD.BC.No.15/05.02.001/2018-19 dated March 7, 2019regarding Interest Subvention Scheme for Shor...
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RBI |
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Provisioning on interbank exposure of Primary (Urban) Co-operative Banks (UCBs) under All Inclusive Directions
Posted Date : 21-Apr-2020 , 10:12:21 am | Posted By: CASANSAAR
RBI/2019-20/222
DOR.(PCB).BPD.Cir.No.11/16.20.000/2019-20
April 20, 2020
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Provisioning on interbank exposure of Primary (Urban) Co-operative Banks (UCBs) under All Inclusive Directions
As you are aware, the imposition of All-inclusive Directions (AID) on an Urban Co-operative Bank (UCB),inter alia, restricts t...
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RBI |
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Internal ML/TF risk assessment by REs - Amendment to Master Direction (MD) on KYC
Posted Date : 21-Apr-2020 , 10:11:39 am | Posted By: CASANSAAR
RBI/2019-20/221
DOR.AML.BC.No.66/14.01.001/2019-20
April 20, 2020
The Chairpersons/ CEOs of all the Regulated Entities
Dear Sir/Madam,
Internal ML/TF risk assessment by REs - Amendment to Master Direction (MD) on KYC
TheMaster Direction on KYC dated February 25, 2016, is hereby updated to reflect the following changes in line with Rule 9(13) of the PML Rules 2005:
A new section (5A...
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RBI |
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COVID19 Regulatory Package - Asset Classification and Provisioning
Posted Date : 18-Apr-2020 , 09:58:15 am | Posted By: CASANSAAR
RBI/2019-20/220
DOR.No.BP.BC.63/21.04.048/2019-20
April 17, 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 Finance Companies (including Housing Finance Companies)
Madam/Dear Sir,
COVID19 Regulatory Package - Asset Classification and Provisioning
Please refer to theGovernor...
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RBI |
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Review of Resolution Timelines under the Prudential Framework on Resolution of Stressed Assets
Posted Date : 18-Apr-2020 , 09:57:33 am | Posted By: CASANSAAR
RBI/2019-20/219
DOR.No.BP.BC.62/21.04.048/2019-20
April 17, 2020
All Scheduled Commercial Banks (excluding Regional Rural Banks);
All India Financial Institutions (NABARD, NHB, EXIM Bank, and SIDBI);
All Systemically Important Non-Deposit taking Non-Banking Financial Companies (NBFC-ND-SI) and Deposit taking Non-Banking Financial Companies (NBFC-D).
Madam/Dear Sir,
COVID19 Regulatory Package – Review of Resolution Timelines under the Prudential Framework on Resolution of Str...
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RBI |
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Declaration of dividends by banks - RBI
Posted Date : 18-Apr-2020 , 09:56:34 am | Posted By: CASANSAAR
RBI/2019-20/218
DOR.BP.BC.No.64/21.02.067/2019-20
April 17, 2020
All Commercial Banks and All Cooperative Banks,
Madam / Dear Sir,
Declaration of dividends by banks
Banks in India have been granted general permission to declare dividends, subject to compliance with the guidelines laid out in terms ofcircular DBOD.NO.BP.BC.88/ 21.02.067/2004-05 dated May 4, 2005and other associated circulars.
2. In an environment of heightened uncertainty caused by COVID-19, it is important tha...
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RBI |
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Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR)
Posted Date : 18-Apr-2020 , 09:55:47 am | Posted By: CASANSAAR
RBI/2019-20/217
DOR.BP.BC.No.65/21.04.098/2019-20
April 17, 2020
All Commercial Banks
(excluding Regional Rural Banks, Local Area Banks and Payments Banks)
Madam/Dear Sir,
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR)
Please refer to ourcircular DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014and associated circulars thereon.
2. As part of post Global Financial Crisis (GFC) reforms, Basel Committee on Banking Supervision (BCBS) had in...
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RBI |
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Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation
Posted Date : 18-Apr-2020 , 09:54:57 am | Posted By: CASANSAAR
RBI/2019-20/216
DoR.NBFC (PD).CC.No.110/03.10.001/2019-20
April 17, 2020
All Non-Banking Financial Companies
Madam/Dear Sir,
Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation
Please refer to paragraph 25 ofMaster Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company ...
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RBI |
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Liquidity Adjustment Facility – Reverse Repo Rate
Posted Date : 18-Apr-2020 , 09:54:04 am | Posted By: CASANSAAR
RBI/2019-2020/215
FMOD.MAOG.No.141/01.01.001/2019-20
April 17, 2020
All Liquidity Adjustment Facility (LAF) participants
Madam/Sir,
Liquidity Adjustment Facility – Reverse Repo Rate
As announced inGovernor’s Statementtoday, it has been decided to reduce the interest rate on fixed rate reverse repo under the Liquidity Adjustment Facility (LAF) by 25 basis points from 4.00 per cent to3.75 per centwith immediate effect.
2. The policy repo rate under the LAF remains un...
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RBI |
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Scheduled Banks’ Statement of Position in India as on Friday, March 27, 2020
Posted Date : 12-Apr-2020 , 09:10:27 am | Posted By: CASANSAAR
Scheduled Banks’ Statement of Position in India as on Friday, March 27, 2020
(Amount in Crore of ₹)
SCHEDULED COMMERCIAL BANKS
(Including RRBs and SFBs)
ALL SCHEDULED BANKS
29-Mar-19
13-MAR-2020 *
27-MAR-2020 *
29-Mar-19
13-MAR-2020 *
27-MAR-2020 *
...
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RBI |
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Amendment to Master Direction (MD) on KYC
Posted Date : 02-Apr-2020 , 10:44:47 am | Posted By: CASANSAAR
RBI/2019-20/207
DOR.AML.BC.No.61/14.01.001/2019-20
April 01, 2020
The Chairpersons/ CEOs of all the Regulated Entities
Dear Sir/Madam,
Amendment to Master Direction (MD) on KYC
Government of India, vide Gazette Notification G.S.R. 228(E) dated March 31, 2020 has notified amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005.
2. Consequent to the aforementioned...
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RBI |
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Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Relaxation
Posted Date : 02-Apr-2020 , 10:43:56 am | Posted By: CASANSAAR
RBI/2019-20/206
A. P. (DIR Series) Circular No. 27
April 01, 2020
To,
All Authorised Dealer Category – I Banks
Madam / Sir,
Export of Goods and Services-
Realisation and Repatriation of Export Proceeds-Relaxation
The Government of India as well as the Reserve Bank has been receiving representations from Exporters Trade bodies to extend the period of realisation of export procee...
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RBI |
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Appointment of Managing Director and Chief Executive Officer (MD & CEO) / CEO / part-time Chairperson (PTC) in Banks
Posted Date : 01-Apr-2020 , 11:19:29 am | Posted By: CASANSAAR
RBI/2019-20/204
DoR.Appt.No.58/29.67.001/2019-20
March 31, 2020
All Private Sector Banks (including Local Area Banks, Small Finance Banks, Payments Banks) and Foreign Banks operating in India
Madam / Dear Sir,
Appointment of Managing Director and Chief Executive Officer (MD & CEO) / CEO / part-time Chairperson (PTC) in Banks – ‘Declaration and Undertaking’ and allied matters
To complete the appointment of Managing Director and Chief Executive Officer (MD &am...
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RBI |
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Doorstep Banking Services for Senior Citizens and Differently Abled Persons
Posted Date : 01-Apr-2020 , 11:18:42 am | Posted By: CASANSAAR
RBI/2019-20/203
DOR.CO.Leg.BC.No.59/09.07.005/2019-20
March 31, 2020
All Scheduled Commercial Banks (including RRBs)
All Payments Banks
All Small Finance Banks
All Local Area Banks
Dear Sir/Madam
Doorstep Banking Services for Senior Citizens and Differently Abled Persons
Please refer to para 2(g) of ourcircular DBR.No.Leg.BC.96/09.07.005/2017-18 dated November 9, 2017on the capt...
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RBI |
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Short Term Crop Loans eligible for Interest Subvention Scheme (ISS) and Prompt Repayment Incentive (PRI) through KCC
Posted Date : 01-Apr-2020 , 11:17:53 am | Posted By: CASANSAAR
RBI/2019-20/202
FIDD.CO.FSD.BC.No.23/05.02.001/2019-20
March 31, 2020
The Chairman/Managing Director/Executive Officer
All Public & Private Sector Scheduled Commercial Banks
(Excluding Regional Rural Banks and Small Finance Banks)
Madam/Sir,
Short Term Crop Loans eligible for Interest Subvention Scheme (ISS) and Prompt Repayment Incentive (PRI) through KCC
Please refer to thecircular FIDD.CO.FSD.BC.No.1785/05.02.001/2019-20, dated February 26, 2020advising banks to ensure t...
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RBI |
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Special Clearing Operations on March 31, 2020 - RBI
Posted Date : 31-Mar-2020 , 09:18:19 am | Posted By: CASANSAAR
RBI/2019-20/198
DPSS.CO.RPPD.No./1864/03.01.03/2019-20
March 30, 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
Madam / Dear Sir,
Special Clearing Operations on March 31, 2020
A reference is invited to the circular issued by Department of Government ...
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RBI |
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Amalgamation of Public Sector Banks - Assignment of SLBC/ UTLBC Convenorship and Lead Bank responsibilities
Posted Date : 31-Mar-2020 , 09:17:30 am | Posted By: CASANSAAR
RBI/2019-20/197
FIDD.CO.LBS.BC.No.22/02.01.001/2019-20
March 30, 2020
The Chairmen/ Managing Directors & CEOs
SLBC/ UTLBC Convenor Banks and Lead Banks
Madam / Dear Sir,
Amalgamation of Public Sector Banks - Assignment of SLBC/ UTLBC Convenorship and Lead Bank responsibilities
The amalgamations of Oriental Bank of Commerce and United Bank of India with Punjab National Bank; Andhra Bank ...
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RBI |
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Branches of Allahabad Bank to operate as branches of Indian Bank from April 1, 2020
Posted Date : 29-Mar-2020 , 09:20:58 am | Posted By: CASANSAAR
The Amalgamation of Allahabad Bank into Indian Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Allahabad Bank into Indian Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970). The scheme comes into force on the 1st day of April 2020.
Consequently, all branches of Allahabad Bank will ...
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RBI |
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Branches of Andhra Bank and Corporation Bank to operate as branches of Union Bank of India from April 1, 2020
Posted Date : 29-Mar-2020 , 09:20:26 am | Posted By: CASANSAAR
The Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and section 9 of the Banking Companies (Acquisition and Tran...
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RBI |
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Branches of Oriental Bank of Commerce and United Bank of India to operate as branches of Punjab National Bank from April 1, 2020
Posted Date : 29-Mar-2020 , 09:19:50 am | Posted By: CASANSAAR
The Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and section 9 of the B...
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RBI |
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Branches of Syndicate Bank to operate as branches of Canara Bank from April 1, 2020
Posted Date : 29-Mar-2020 , 09:19:13 am | Posted By: CASANSAAR
The Amalgamation of Syndicate Bank into Canara Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Syndicate Bank into Canara Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970). The scheme comes into force on the 1st day of April 2020.
Consequently, all branches of Syndicate Bank will ...
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RBI |
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Guidelines for Licensing of Small Finance Banks in Private Sector - RBI
Posted Date : 29-Mar-2020 , 09:18:17 am | Posted By: CASANSAAR
RBI/2019-20/196
DOR.NBD.No.44/16.13.218/2019-20
March 28, 2020
Managing Director and Chief Executive Officers
of Small Finance Banks
Madam / Dear Sir,
‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 – Modifications to existing norms
Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ ...
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RBI |
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Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year
Posted Date : 27-Mar-2020 , 08:44:21 pm | Posted By: CASANSAAR
RBI/2019-20/194
DGBA.GBD.No.1799/42.01.029/2019-20
March 27, 2020
All Agency Banks
Dear Sir / Madam
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2019-20)
All government transactions done by agency banks for Financial Year 2019-20 must be accounted for within the same financial year. Taking into acco...
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RBI |
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Change in Daily Minimum Cash Reserve Maintenance Requirement
Posted Date : 27-Mar-2020 , 08:42:58 pm | Posted By: CASANSAAR
RBI/2019-20/192
DOR.No.Ret.BC.51/12.01.001/2019-20
March 27, 2020
All Scheduled Banks
Dear Sir/Madam
Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement
Please refer to ourCircular DBR.No.Ret.BC.91/12.01.001/2015-16 dated April 05, 2016on the captioned subject.
2. As announced in theSeventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020, it has been decided to reduce the minimum daily maintenance of...
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Maintenance of Cash Reserve Ratio (CRR)
Posted Date : 27-Mar-2020 , 08:42:20 pm | Posted By: CASANSAAR
RBI/2019-20/191
DOR.No.Ret.BC.49/12.01.001/2019-20
March 27, 2020
All Banks
Dear Sir / Madam
Maintenance of Cash Reserve Ratio (CRR)
Please refer to ourCircular DBOD.No.Ret.BC.76/12.01.001/2012-13 dated January 29, 2013and Circular RPCD.CO.RCB.RRB.BC.No.61/03.05.33/2012-13 dated January 29, 2013 on the captioned subject.
2. As announced in theSeventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020, it has been decided to reduce the Cash Reserve Ratio (CRR) of all...
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RBI |
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Change in Bank Rate
Posted Date : 27-Mar-2020 , 08:41:42 pm | Posted By: CASANSAAR
RBI/2019-20/190
DOR.No.Ret.BC.53/12.01.001/2019-20
March 27, 2020
All Scheduled and Non Scheduled Banks
Dear Sir/Madam
Change in Bank Rate
Please refer to our circularDBR.No.Ret.BC.19/12.01.001/2019-20 dated October 04, 2019, on the captioned subject.
2. As announced in theSeventh Bi-Monthly Monetary Policy Statement 2019-20 of March 27, 2020, the Bank Rate is revised downwards by 75 basis points from 5.40 per cent to 4.65 per cent with immediate effect.
3. All penal intere...
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