| Notifications/Circulars |
Category : RBI |
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Implementation of Indian Accounting Standards - RBI
Posted Date : 14-Mar-2020 , 09:29:00 am | Posted By: CASANSAAR
RBI/2019-20/170
DOR (NBFC).CC.PD.No.109/22.10.106/2019-20
March 13, 2020
To
Non-Banking Financial Companies
and Asset Reconstruction Companies
implementing Indian Accounting Standards
Madam / Sir,
Implementation of Indian Accounting Standards
Non-Banking Financial Companies (NBFCs) covered by Rule 4 of the Companies (Indian Accounting Standards) Rules, 2015 are required to comply with Indian Accounting Standards (Ind AS) for the preparation of their financial statements. In ...
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RBI |
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Implementation of Section 51A of UAPA, 1967 - Addition of three entities to 1267 List
Posted Date : 06-Mar-2020 , 06:36:42 pm | Posted By: CASANSAAR
RBI/2019-20/169
DOR.AML.BC.No.40/14.06.001/2019-20
March 06, 2020
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Implementation of Section 51A of UAPA, 1967 - Addition of three entities to 1267 List
Please refer to Section 51 of ourMaster Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in terms of Section 51A of the Unlawful Activities (Prevention)...
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RBI |
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Formation of new districts in the State of Tamil Nadu – Assignment of Lead Bank Responsibility
Posted Date : 28-Feb-2020 , 04:50:53 pm | Posted By: CASANSAAR
RBI/2019-20/168
FIDD.CO.LBS.BC.No.18/02.08.001/2019-20
February 28, 2020
The Chairmen / Managing Directors & Chief Executive Officers
All Lead Banks
Madam/ Dear Sir,
Formation of new districts in the State of Tamil Nadu –
Assignment of Lead Bank Responsibility
The Government of Tamil Nadu vide Gazette Notifications G.O. Ms. No.425, 427, 429 and 431 dated November 12, 2019 had notified the formation of five new districts in the State of Tamil Nadu. It has been decided ...
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RBI |
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External Benchmark Based Lending – Medium Enterprises
Posted Date : 27-Feb-2020 , 09:29:27 am | Posted By: CASANSAAR
RBI/2019-20/167
DOR.DIR.BC.No.39/13.03.00/2019-20
February 26, 2020
All Scheduled Commercial Banks (excluding RRBs)
All Small Finance Banks
All Local Area Banks
Madam / Dear Sir,
External Benchmark Based Lending – Medium Enterprises
Please refer to thecircular DBR.DIR.BC.No.14/13.03.00/2019-20 dated September 04, 2019, in terms of which all new floating rate personal or retail lo...
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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 : 26-Feb-2020 , 05:18:53 pm | Posted By: CASANSAAR
RBI/2019-20/166
FIDD.CO.FSD.BC.No.1785/05.02.001/2019-20
February 26, 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
Ministry of Agriculture & Farmers Welfare vide their Office Memorandum, No. F. 1-20/2018-Credit-I, dated Janua...
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RBI |
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Investment in Certificates of Deposit (CDs) - Reporting in Form ‘A’ Return
Posted Date : 26-Feb-2020 , 05:15:37 pm | Posted By: CASANSAAR
RBI/2019-20/165
DOR.No.Ret.BC.38/12.01.001/2019-20
February 26, 2020
All Scheduled Commercial Banks (including Regional Rural Banks),
Small Finance Banks, Payments Banks & Local Area Banks.
Dear Sir / Madam
Investment in Certificates of Deposit (CDs) - Reporting in Form ‘A’ Return
Please refer to our circular DBOD.Ret.No.8232/12.01.001/2005-06 dated March 23, 2006 on “Investment in Certificates of Deposit (CDs)” whereby banks were advised about the re...
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RBI |
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Implementation of Section 51A of UAPA, 1967 - Addition of two entities to 1267 List
Posted Date : 26-Feb-2020 , 10:05:18 am | Posted By: CASANSAAR
RBI/2019-20/164
DOR.AML.BC.No.37/14.06.001/2019-20
February 25, 2020
The Chairpersons/CEOs of all the Regulated Entities
Madam/Dear Sir,
Implementation of Section 51A of UAPA, 1967 - Addition of two entities to 1267 List
Please refer to Section 51 of ourMaster Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in terms of Section 51A of the Unlawful Activities (Prevention) (UA...
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RBI |
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Implementation of Section 51A of UAPA, 1967 - Removal of two entries from 1267 List
Posted Date : 20-Feb-2020 , 05:26:34 pm | Posted By: CASANSAAR
RBI/2019-20/163
DOR.AML.BC.No.36/14.06.001/2019-20
February 20, 2020
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Implementation of Section 51A of UAPA, 1967 - Removal of two entries from 1267 List
Please refer to Section 51 of ourMaster Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in terms of Section 51A of the Unlawful Activities (Prevention...
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RBI |
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Exim Bank's Government of India supported Line of Credit of USD 11.13 million to the Government of the Republic of Suriname
Posted Date : 20-Feb-2020 , 04:25:14 pm | Posted By: CASANSAAR
RBI/2019-20/162
A.P. (DIR Series) Circular No.21
February 20, 2020
All Category – I Authorised Dealer Banks
Madam/Sir
Exim Bank's Government of India supported Line of Credit of
USD 11.13 million to the Government of the Republic of Suriname
Export-Import Bank of India (Exim Bank) has entered into an agreement dated September 23, 2019 with the Government of the Republic of Suriname, for making available to the latter, Government of India supported Line of Credit (L...
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RBI |
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Implementation of Section 51A of UAPA, 1967: Addition of one new entry to 1533 Democratic Republic of the Congo (DRC) Sanctions list
Posted Date : 18-Feb-2020 , 06:24:39 pm | Posted By: CASANSAAR
RBI/2019-20/161
DOR.AML.BC.No.35/14.06.001/2019-20
February 18, 2020
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Implementation of Section 51A of UAPA, 1967: Addition of one new entry to 1533 Democratic
Republic of the Congo (DRC) Sanctions list
Please refer to Section 51 of ourMaster Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in terms of ...
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RBI |
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Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances
Posted Date : 12-Feb-2020 , 09:43:32 am | Posted By: CASANSAAR
RBI/2019-20/160
DOR.No.BP.BC.34/21.04.048/2019-20
February 11, 2020
All banks and NBFCs regulated by the Reserve Bank of India
Dear Sir/ Madam,
Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances
Please refer to thecircular DBR.No.BP.BC.18/21.04.048/2018-19 dated January 1, 2019. It has been decided to extend the one-time restructuring of MSME advances permitted in terms of the aforesaid circular. Accordingly, a one-time restructuring of existing...
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RBI |
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Incentivising Bank Credit to Specific Sectors – Exemption from CRR Maintenance
Posted Date : 10-Feb-2020 , 06:16:39 pm | Posted By: CASANSAAR
RBI/2019-20/159
DOR.No.Ret.BC.30/12.01.001/2019-20
February 10, 2020
All Scheduled Commercial Banks
Dear Sir / Madam
Incentivising Bank Credit to Specific Sectors – Exemption from CRR Maintenance
It has been announced in paragraph 3 of theStatement on Developmental and Regulatory Policies of February 6, 2020, that the Reserve Bank is actively engaged in revitalising the flow of bank credit to productive sectors having multiplier effects to support growth impulses. Accor...
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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 : 08-Feb-2020 , 10:08:02 am | Posted By: CASANSAAR
RBI/2019-20/158
DOR.No.BP.BC.33/21.04.048/2019-20
February 07, 2020
The Chairman / Chief Executive Officer
All Scheduled Commercial Banks (excluding RRBs)
All Small Finance Banks
Madam/Dear Sir,
Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation
Please refer to thecircular DBR.No.BP.BC.84/21.04.048/2014-15 dated April 6, 2015on the subject. It has been decided to harmonise the guidelines for d...
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RBI |
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Implementation of Section 51A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da'esh) & Al-Qaida Sanctions List
Posted Date : 08-Feb-2020 , 10:06:50 am | Posted By: CASANSAAR
RBI/2019-2020/157
DOR.AML.BC.No.32/14.06.001/2019-20
February 07, 2020
The Chairpersons/CEOs of all the Regulated Entities
Madam/Dear Sir,
Implementation of Section 51A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da'esh) & Al-Qaida Sanctions List
Please refer to Section 51 of ourMaster Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities(REs) shall ensure that in te...
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RBI |
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Guidelines on Merchant Acquiring Business – Regional Rural Banks
Posted Date : 07-Feb-2020 , 09:35:16 am | Posted By: CASANSAAR
RBI/2019-20/156
DOR.RRB.BL.BC.No.31/31.01.001/2019-20
February 06, 2020
The Chairmen
All Regional Rural Banks
Madam/ Sir,
Guidelines on Merchant Acquiring Business – Regional Rural Banks
As announced in para II (7) of theStatement on Developmental and Regulatory Policiesissued along withSixth Bi-monthly Monetary Policy Statement 2019-20, it has been decided to allow RRBs to act as merchant acquiring banks using Aadhaar Pay – BHIM app and POS terminals.
In this con...
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RBI |
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Interest Subvention Scheme for MSMEs - RBI
Posted Date : 06-Feb-2020 , 09:41:34 am | Posted By: CASANSAAR
RBI/2019-20/155
FIDD.CO.MSME.BC.No.17/06.02.031/2019-20
February 5, 2020
The Chairman / Managing Director & CEOs
All Scheduled Commercial Banks
(including Regional Rural Banks)
Madam / Dear Sir,
Interest Subvention Scheme for MSMEs
Please refer to the operational guidelines for the captioned scheme contained in circular on ‘Interest Subvention Scheme for MSMEs’ issued videFIDD.CO.MSME.BC.No.14/06.02.031/2018-19 dated February 21, 2019.
2. In this regard, it h...
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RBI |
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Cash withdrawal using Point of Sale (PoS) terminals
Posted Date : 01-Feb-2020 , 07:57:16 am | Posted By: CASANSAAR
RBI/2019-20/154
DPSS.CO.PD No.1465/02.14.003/2019-20
January 31, 2020
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (SCBs) including Regional Rural Banks (RRBs) /
Urban Co-operative Banks (UCBs) / State Co-operative Banks (StCBs) /
District Central Co-operative Banks (DCCBs) / Payments Banks (PBs) /
Small Finance Banks (SFBs) / Authorised Card Payment Networks
Madam / Dear Sir,
Cash withdrawal using Point of Sale (PoS) terminals
Ple...
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RBI |
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Merchanting Trade Transactions (MTT) – Revised Guidelines
Posted Date : 24-Jan-2020 , 09:52:43 am | Posted By: CASANSAAR
RBI/2019-20/152
A.P. (DIR Series) Circular No.20
January 23, 2020
To
All Category – I Authorised Dealer Banks
Madam / Sir
Merchanting Trade Transactions (MTT) – Revised Guidelines
Attention of Authorised Dealer Category-I banks (AD banks) is invited toA.P. (DIR Series) Circular No.115 dated March 28, 2014containing directions relating to merchanting trade transactions.
2. With a view to further facilitate merchanting trade transactions, the existing guidelines have been rev...
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RBI |
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‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt – relaxations
Posted Date : 24-Jan-2020 , 09:51:34 am | Posted By: CASANSAAR
RBI/2019-20/151
A.P. (DIR Series) Circular No.19
January 23, 2020
To
All Authorised persons
Madam / Sir,
‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt – relaxations
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified videNotification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from time to time,...
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RBI |
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Investment by Foreign Portfolio Investors (FPI) in Debt
Posted Date : 24-Jan-2020 , 09:50:36 am | Posted By: CASANSAAR
RBI/2019-20/150
A.P. (DIR Series) Circular No.18
January 23, 2020
To
All Authorised persons
Madam / Sir,
Investment by Foreign Portfolio Investors (FPI) in Debt
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified videNotification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from time to time, and the relevant directions issued thereunder. A reference is also invi...
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RBI |
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Implementation of Section 51A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da'esh) & Al-Qaida Sanctions List
Posted Date : 23-Jan-2020 , 09:40:44 am | Posted By: CASANSAAR
RBI/2019-20/149
DOR.AML.BC. No. 29/14.06.001/2019-20
January 22, 2020
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Implementation of Section 51A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da'esh) & Al-Qaida Sanctions List
Please refer to Section 51 of ourMaster Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in t...
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Category :
RBI |
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Lending against security of single product – Gold jewellery
Posted Date : 22-Jan-2020 , 09:43:02 am | Posted By: CASANSAAR
RBI/2019-20/148
DOR.NBFC (PD).CC.No.108/03.10.001/2019-20
January 21, 2020
All Non-Banking Financial Companies (excluding Primary Dealers)
Madam/Sir,
Lending against security of single product – Gold jewellery
Please refer to paragraph 27 ofMaster Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016; and paragraph 27 ofMaster Direction – Non-Banking Fina...
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RBI |
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Setting up of IFSC Banking Units (IBUs) – Permissible activities
Posted Date : 22-Jan-2020 , 09:41:41 am | Posted By: CASANSAAR
RBI/2019-20/147
DOR.IBD.BC.No.28/23.13.004/2019-20
January 21, 2020
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam
Setting up of IFSC Banking Units (IBUs) – Permissible activities
Please refer to RBIcircular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015, as modified from time to time, setting out RBI directions relating to IFSC Banking Units (IBUs).
2. The Task Force (TF) on Offshore Rupee Markets chaired by Smt. Usha Thorat...
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RBI |
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Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC) – UCBs
Posted Date : 16-Jan-2020 , 08:53:25 pm | Posted By: CASANSAAR
RBI/2019-20/144
DoS.OSMOS.No.4633/33.05.018/2019-20
January 16, 2020
Primary (Urban) Co-operative Banks
Dear Sir / Madam
Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC) – UCBs
We draw your attention to RBICircular DOR (PCB). BPD.Cir.No.7/13.05.000/2019-20 dated December 27, 2019on "Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC) - UCBs". In terms of the instructions, Primary (Urb...
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RBI |
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Enhancing Security of Card Transactions
Posted Date : 15-Jan-2020 , 05:58:41 pm | Posted By: CASANSAAR
RBI/2019-20/142
DPSS.CO.PD No.1343/02.14.003/2019-20
January 15, 2020
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (SCBs) including Regional Rural Banks (RRBs) /
Urban Co-operative Banks (UCBs) / State Co-operative Banks (StCBs) /
District Central Co-operative Banks (DCCBs) / Payments Banks (PBs) /
Small Finance Banks (SFBs) / Local Area Banks (LABs) /
Authorised Card Payment Networks / Non-Bank PPI issuers
Madam / Dear Sir,
Enhancin...
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RBI |
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Framework for imposing monetary penalty on authorised payment system operators / banks under the Payment and Settlement Systems Act, 2007
Posted Date : 11-Jan-2020 , 09:48:30 am | Posted By: CASANSAAR
RBI/2019-20/140
DPSS.CO.OD.No.1328/06.08.005/2019-20
January 10, 2020
The Chairman / Managing Director / Chief Executive Officer
Authorised Payment System Operators / Banks
Madam / Dear Sir
Framework for imposing monetary penalty on authorised payment system
operators / banks under the Payment and Settlement Systems Act, 2007
Please refer to the Reserve Bank of India (RBI)circular DPSS.CO.OD.No.1082/06.08.005/2016-17 dated October 20, 2016advising the framework for impositi...
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RBI |
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Processing of e-mandate in Unified Payments Interface (UPI) for recurring transactions
Posted Date : 10-Jan-2020 , 03:14:35 pm | Posted By: CASANSAAR
RBI/2019-20/139
DPSS.CO.PD No.1324/02.23.001/2019-20
January 10, 2020
The Managing Director & CEO
National Payments Corporation of India
The Capital, Unit No 1001A, B Wing
10th Floor, Plot No C- 70
G Block, Bandra Kurla Complex
Bandra (E)
Mumbai – 400051
Dear Sir
Processing of e-mandate in Unified Payments Interface (UPI) for recurring transactions
Please refer to ourcircular DPSS.CO.PD.No.447/02.14.003/2019-20 dated August 21, 2019on “Processing of e-ma...
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RBI |
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Amendment to Master Direction (MD) on KYC
Posted Date : 09-Jan-2020 , 05:59:38 pm | Posted By: CASANSAAR
RBI/2019-20/138
DOR.AML.BC.No.27/14.01.001/2019-20
January 9, 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. 582(E) dated August 19, 2019 and Gazette Notification G.S.R. 840(E) dated November 13, 2019, has notified amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. Further, with a view to leveraging the digital channels fo...
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RBI |
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Supervisory Action Framework for Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 06-Jan-2020 , 05:17:54 pm | Posted By: CASANSAAR
RBI/2019-20/135
DOR (PCB).BPD. Cir No. 9/12.05.001/2019-20
January 6, 2020
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Supervisory Action Framework for Primary (Urban) Co-operative Banks (UCBs)
Please refer to ourcircular UBD.BPD.(PCB). Cir No. 3/12.05.001/2014-15 dated November 27, 2014on the captioned subject containing the Supervisory Action Framework (SAF) for UCBs. Keeping in view the experience gained, it has been decided to fur...
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RBI |
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Exim Bank's Government of India supported Line of Credit (LOC) of USD 75 million to Banco Exterior De Cuba
Posted Date : 02-Jan-2020 , 06:45:32 pm | Posted By: CASANSAAR
RBI/2019-20/134
A.P. (DIR Series) Circular No. 14
January 01, 2020
All Category – I Authorised Dealer Banks
Madam/Sir
Exim Bank's Government of India supported Line of Credit (LOC) of
USD 75 million to Banco Exterior De Cuba
Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 16, 2019 with Banco Exterior De Cuba (nominated agency of the Government of C...
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RBI |
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