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Category : 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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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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