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Category : 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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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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RBI |
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Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF)
Posted Date : 27-Mar-2020 , 08:41:06 pm | Posted By: CASANSAAR
RBI/2019-20/189
DOR.No.Ret.BC.52/12.01.001/2019-20
March 27, 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 DBOD.No.Ret.BC.95/12.02.001/2011-12 dated April 17, 2012,Circular UBD.BPD.(SCB).Cir.No.1/16.27....
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RBI |
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Basel III Capital Regulations- Review of transitional arrangements
Posted Date : 27-Mar-2020 , 08:40:25 pm | Posted By: CASANSAAR
RBI/2019-20/188
DOR.BP.BC.No.45/21.06.201/2019-20
March 27, 2020
All Scheduled Commercial Banks (Excluding RRBs and LABs)
Dear Sir/Madam,
Basel III Capital Regulations - Review of transitional arrangements
As announced in para 9 of theStatement on Developmental and Regulatory Policiesissued along with theSeventh Bi-monthly Monetary Policy Statement 2019-20, the implementation of the last tranche of ...
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RBI |
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Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR)
Posted Date : 27-Mar-2020 , 08:39:44 pm | Posted By: CASANSAAR
RBI/2019-20/187
DOR.BP.BC.No.46/21.04.098/2019-20
March 27, 2020
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir/Madam,
Basel III Framework on Liquidity Standards –
Net Stable Funding Ratio (NSFR)
Please refer to paragraph 8 ofStatement on Developmental and Regulatory Policies of Seventh Bi-monthly Monetary Policy Statement, 2019-20 dated March 27, 2020and ourcircular DB...
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RBI |
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COVID-19 – Regulatory Package by RBI
Posted Date : 27-Mar-2020 , 08:38:14 pm | Posted By: CASANSAAR
RBI/2019-20/186
DOR.No.BP.BC.47/21.04.048/2019-20
March 27, 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,
COVID-19 – Regulatory Package
Please refer to theStatement of Development and Regulatory...
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Legal Entity Identifier: Extension of deadline
Posted Date : 27-Mar-2020 , 08:35:07 pm | Posted By: CASANSAAR
RBI/2019-20/185
FMRD.FMID.No.24/11.01.007/2019-20
March 27, 2020
To
All eligible market participants
Dear Sir/Madam,
Legal Entity Identifier: Extension of deadline
A reference is invited to circularFMRD.FMID.No.10/11.01.007/2018-19 dated November 29, 2018issued by Reserve Bank of India on requirement of Legal Entity Identifier (LEI) for participation in non-derivative markets. Reference is also invited to circularFMRD.FMID.No.15/11.01.007/2018-19 dated April 26, 2019on revised t...
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RBI |
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Standing Liquidity Facility for Primary Dealers
Posted Date : 27-Mar-2020 , 08:34:24 pm | Posted By: CASANSAAR
RBI/2019-20/184
REF.No.MPD.BC.390/07.01.279/2019-20
March 27, 2020
All Primary Dealers,
Standing Liquidity Facility for
Primary Dealers
In theSeventh Bi-monthly Monetary Policy Statement 2019-20of the Monetary Policy Committee (MPC) of March 27, 2020, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 75 basis points to 4.40 per cent from 5.15 per cent with immediate effect.
2. Accordingly, the Standing Liquidity Facility provided to Primary D...
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Marginal Standing Facility
Posted Date : 27-Mar-2020 , 08:33:44 pm | Posted By: CASANSAAR
RBI/2019-2020/183
FMOD.MAOG.No.139/01.18.001/2019-20
March 27, 2020
All Marginal Standing Facility (MSF) participants
Madam/Sir,
Marginal Standing Facility
As announced in theSeventh Bi-monthly Monetary Policy Statement, 2019-20today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 75 basis points from 5.15 per cent to4.40 per centwith immediate effect.
2. Consequently, the Marginal Stan...
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Liquidity Adjustment Facility – Repo and Reverse Repo Rates
Posted Date : 27-Mar-2020 , 08:33:01 pm | Posted By: CASANSAAR
RBI/2019-2020/182
FMOD.MAOG.No.140/01.01.001/2019-20
March 27, 2020
All Liquidity Adjustment Facility (LAF) participants
Madam/Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced in theSeventh Bi-monthly Monetary Policy Statement, 2019-20,today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Fac...
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RBI |
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Extension of Statutory Audit of Annual Accounts of Public Sector Banks
Posted Date : 26-Mar-2020 , 10:48:05 am | Posted By: CASANSAAR
Department's Letter of even number, dated 10-02-2012 regarding the above subject (copy enclosed for ready reference) is hereby withdrawn.
As per earlier order, Banks has to complete the Statutory Audit of Annual Accounts by 15th May.
This has been withdrawn Now.
NowDue Dates postponed and will be as per SEBI timeline (which has relaxed by a month)
...
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RBI |
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Priority Sector Lending - Lending by banks to NBFCs for On-Lending
Posted Date : 23-Mar-2020 , 04:54:17 pm | Posted By: CASANSAAR
RBI/2019-20/179
FIDD.CO.Plan.BC.No.19/04.09.01/2019-20
March 23, 2020
The Chairman/ Managing Director
Chief Executive Officer
All Scheduled Commercial Banks
(Excluding Regional Rural Banks & Small Finance Banks)
Dear Sir/ Madam,
Priority Sector Lending - Lending by banks to NBFCs for On-Lending
Please refer to ourCircular No. FIDD.CO.Plan.BC.07/04.09.01/2019-20 dated August 13, 2019advising, inter alia, that the bank loans to registered NBFCs (other than MFIs) for on-lendi...
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RBI |
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Large Exposures Framework - RBI
Posted Date : 23-Mar-2020 , 04:53:35 pm | Posted By: CASANSAAR
RBI/2019-20/178
DOR.No.BP.BC.43 /21.01.003/2019-20
March 23, 2020
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir/Madam,
Large Exposures Framework
Please refer to ourcircular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019on the captioned subject.
2. In terms of para 7.13 of the circular, any Credit Risk Mitigation (CRM) instrument (e.g. SBLC/BG from Head Office/other overseas branch) from which CRM benefits like shifting of exposure/ risk we...
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RBI |
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Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
Posted Date : 17-Mar-2020 , 09:46:49 pm | Posted By: CASANSAAR
RBI/2019-20/176
DOR.No.BP.BC.41/08.12.014/2019-20
March 17, 2020
All Scheduled Commercial Banks
(excluding RRBs)
Madam / Dear Sir,
Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing
Please refer to thecircular DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014and subsequent circulars on the above subject. Also refer to thecircular DBR.BP.BC.No.42/08.12.014/2016-17 dated December 1, 2016advising that for the purpose of definition of &...
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RBI |
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Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks
Posted Date : 17-Mar-2020 , 09:46:03 pm | Posted By: CASANSAAR
RBI/2019-20/175
DOR.BP.BC.No.42/21.04.141/2019-20
March 17, 2020
All Scheduled Commercial Banks
Dear Sir/Madam,
Prudential Norms for Classification, Valuation and Operation of Investment
Portfolio by Banks – Spreading of MTM losses and creation of
Investment Fluctuation Reserve (IFR)
Please refer to ourcircular DBR.No.BP.BC.102/21.04.048/2017-18 dated April 2, 2018on the captione...
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RBI |
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Guidelines on Regulation of Payment Aggregators and Payment Gateways
Posted Date : 17-Mar-2020 , 09:45:17 pm | Posted By: CASANSAAR
RBI/DPSS/2019-20/174
DPSS.CO.PD.No.1810/02.14.008/2019-20
March 17, 2020
All Payment System Providers and System Participants
Madam / Sir,
Guidelines on Regulation of Payment Aggregators and Payment Gateways
This has reference to Reserve Bank of India (RBI)circular DPSS.CO.PD.No.1102/02.14.08/2009-10 dated November 24, 2009on ‘directions for opening and operation of accounts and settlement of payments for electronic payment transactions involving intermediaries’.
2...
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RBI |
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Reporting and Accounting of Central Government Transactions of March 2020
Posted Date : 17-Mar-2020 , 09:44:22 pm | Posted By: CASANSAAR
RBI/2019-20/173
DGBA.GBD.No.1744/42.01.029/2019-20
March 17, 2020
All Agency Banks
Dear Sir / Madam,
Reporting and Accounting of Central Government Transactions of March 2020
Please refer toCircular DGBA.GBD.No.2394/42.01.029/2018-19 dated March 20, 2019advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalised Ministries and non-Civil Ministries) at the Receiving/Nodal/Focal Point branches of your...
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COVID-19- Operational and Business Continuity Measures - RBI
Posted Date : 17-Mar-2020 , 09:02:47 am | Posted By: CASANSAAR
RBI/2019-20/172
DoS.CO.PPG.BC.01/11.01.005/2019-20
March 16, 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/All UCBs/NBFCs
Madam / Dear Sir,
COVID-19- Operational and Business Continuity Measures
As you are aware, the World Health Organization (WHO) has declared the recent outbreak of the novel coronavirus disease (COVID-19) a pandemic indicating...
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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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