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Category : 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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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RBI |
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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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