| Notifications/Circulars |
Category : RBI |
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1100
|
 |
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1181
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1074
|
|
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...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1072
|
|
Financial Benchmark Administrators (Reserve Bank) Directions, 2019
Posted Date : 02-Jan-2020 , 09:21:17 am | Posted By: CASANSAAR
RBI/2019-20/133
FMRD.FMSD.22/03.07.035/2019-20
January 01, 2020
To
All the Financial Benchmark Administrators
Dear Sir/Madam
Financial Benchmark Administrators (Reserve Bank) Directions, 2019
Please refer to theFinancial Benchmark Administrators (Reserve Bank) Directions, 2019, dated June 26, 2019.
2. As provided in paragraph 3(i) of the above directions, the Reserve Bank hereby notifies the following benchmarks administered by Financial Benchmarks India Pvt. Ltd. (FBIL) as...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 870
|
|
Reporting of OTC Currency Derivative transactions to trade repository
Posted Date : 02-Jan-2020 , 09:20:28 am | Posted By: CASANSAAR
RBI/2019-20/132
FMRD.FMID No.23/02.05.002/2019-20
January 01, 2020
All Category-I Authorised Dealer Banks
Madam/Sir,
Reporting of OTC Currency Derivative transactions to trade repository
Please refer to ourcircular FMD.MSRG.No.94/02.05.002/2013-14 dated December 04, 2013on the captioned subject, wherein a threshold of USD 1 million, and equivalent thereof in other currencies, was stipulated for reporting client transactions in currency derivatives (currency swaps and FCY FRA/IRS)...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 853
|
|
Extension of relaxation on the guidelines to NBFCs on securitisation transactions
Posted Date : 01-Jan-2020 , 11:11:59 am | Posted By: CASANSAAR
RBI/2019-20/131
DOR.NBFC (PD) CC.No.107/03.10.001/2019-20
December 31, 2019
All NBFCs
Madam/Sir,
Extension of relaxation on the guidelines to NBFCs on securitisation transactions
Please refer to thecircular DNBR (PD)CC.No.95/03.10.001/2018-19 dated November 29, 2018on “Relaxation on the guidelines to NBFCs on securitisation transactions” and thecircular DNBR (PD)CC.No.100/03.10.001/2018-19 dated May 29, 2019extending the dispensation till December 31, 2019.
2. On a...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 809
|
|
Cyber Security controls for Third party ATM Switch Application Service Providers
Posted Date : 01-Jan-2020 , 11:11:19 am | Posted By: CASANSAAR
RBI/2019-20/130
DoS.CO/CSITE/BC.4084/31.01.015/2019-20
December 31, 2019
To
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (excluding Regional Rural Banks)
All Small Finance Banks and Payments Banks
All Primary (Urban) Co-operative Banks
All Local Area Banks and White-Label ATM Operators
Madam/Dear Sir,
Cyber Security controls for Third party ATM Switch Application Service Providers
Please refer to para I (8) of the Statement on Dev...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 876
|
|
Constitution of Board of Management (BoM) in Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 01-Jan-2020 , 11:10:34 am | Posted By: CASANSAAR
RBI/2019-20/128
DoR (PCB).BPD.Cir.No.8/12.05.002/2019-20
December 31, 2019
The Chief Executive Officers of
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Constitution of Board of Management (BoM) in Primary (Urban) Co-operative Banks (UCBs)
Reserve Bank of India had releaseddraft guidelineson constituting BoM in UCBs on June 25, 2018 inviting comments from banks and other stakeholders. Taking into consideration the responses received, it has been decided to issue the g...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 988
|
|
Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach
Posted Date : 01-Jan-2020 , 11:09:42 am | Posted By: CASANSAAR
RBI/2019-20/129
DoS.CO/CSITE/BC.4083/31.01.052/2019-20
December 31, 2019
To
The Chairman/Managing Director/Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach
Please refer to para I (3) of the Statement on Developmental and Regulatory policies of th...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 944
|
|
Enhancing facilitation of National Electronic Toll Collection (NETC) system
Posted Date : 30-Dec-2019 , 06:03:01 pm | Posted By: CASANSAAR
RBI/2019-20/126
DPSS.CO.PD No.1227/02.31.001/2019-20
December 30, 2019
The Chairman / Managing Director / Chief Executive Officer
Members of National Electronic Toll Collection (NETC) System /
Authorised Payment System Participants / Operators
Madam / Dear Sir,
Enhancing facilitation of National Electronic Toll Collection (NETC) system
India is progressing ahead with NETC gaining large scale acceptance. Currently, the NETC system allows linking of FASTags with bank accounts...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 828
|
|
Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC) - UCBs
Posted Date : 28-Dec-2019 , 09:36:27 am | Posted By: CASANSAAR
RBI/2019-20/125
DOR (PCB).BPD.Cir.No.7/13.05.000/2019-20
December 27, 2019
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC) - UCBs
Please refer to paragraph 2 of the Statement on Developmental and Regulatory Policies dated December 5, 2019 on ‘Primary (Urban) Co-operative Banks - Reporting to Central Repository of Information on Large Credits (CRIL...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 892
|
|
Formation of new Union Territory of Jammu and Kashmir and Union Territory of Ladakh - Assignment of UTLBC Convenorship
Posted Date : 27-Dec-2019 , 10:02:15 am | Posted By: CASANSAAR
RBI/2019-20/124
FIDD.CO.LBS.BC.No.16/02.01.001/2019-20
December 26, 2019
The Chairmen / Managing Directors/ Chief Executive Officers
All SLBC/ UTLBC Convenor Banks
Madam / Dear Sir,
Formation of new Union Territory of Jammu and Kashmir and Union Territory of Ladakh - Assignment of UTLBC Convenorship
As per the Gazette of India Notifications No. 34 of 2019 on ‘The Jammu and Kashmir Reorganization Act, 2019’ and S.O. 2889(E) dated August 9, 2019, the erstwhile Stat...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 839
|
|
Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI)
Posted Date : 25-Dec-2019 , 08:25:36 am | Posted By: CASANSAAR
RBI/2019-20/123
DPSS.CO.PD.No.1198/02.14.006/2019-20
December 24, 2019
All Prepaid Payment Instrument Issuers
Madam / Dear Sir,
Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) –
PPIs upto ₹ 10,000/- with loading only from bank account
Please refer to theStatement on Developmental and Regulatory Policiesissued as part of Monetary Policy Statement dated December 5, 2019 as also the Master Direction on Issuance and Operation of Prepaid Payment Ins...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1034
|
|
Peer to Peer Lending Platform (Reserve Bank) Directions, 2017
Posted Date : 24-Dec-2019 , 07:54:38 am | Posted By: CASANSAAR
RBI/2019-20/121
DOR.NBFC(PD) CC.No.106/03.10.124/2019-20
December 23, 2019
All Non-Banking Financial Company – Peer to Peer Lending Platforms
Madam/Sir,
Review of Master Directions - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017
Please refer to paragraphs 7 and 9 ofMaster Directions - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017, dated October 04, 2017.
2. On a re...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1084
|
|
Setting up of IFSC Banking Units (IBUs) – Permissible activities
Posted Date : 24-Dec-2019 , 07:54:01 am | Posted By: CASANSAAR
RBI/2019-20/122
DOR.IBD.BC.26/23.13.004/2019-20
December 23, 2019
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam
Setting up of IFSC Banking Units (IBUs) – Permissible activities
Please refer toRBI circular 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). We have received a few suggestions and queries from the stakeholders regarding operat...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 865
|
|
Exim Bank's Government of India supported Line of Credit (LOC) of USD 23 million to the Republic of Zimbabwe
Posted Date : 20-Dec-2019 , 10:03:50 am | Posted By: CASANSAAR
RBI/2019-20/119
A.P. (DIR Series) Circular No. 13
December 19, 2019
All Category – I Authorised Dealer Banks
Madam/Sir
Exim Bank's Government of India supported Line of Credit (LOC) of
USD 23 million to the Republic of Zimbabwe
Export-Import Bank of India (Exim Bank) has entered into an agreement dated April 04, 2019 with the Republic of Zimbabwe for making available to the latter a Government of India supported Line of Credit (LoC) of USD 23 million (USD Twenty Th...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1019
|
|
Exim Bank's Government of India supported Line of Credit (LOC) of USD 19.5 million to the Republic of Zimbabwe
Posted Date : 20-Dec-2019 , 10:02:16 am | Posted By: CASANSAAR
RBI/2019-20/118
A.P. (DIR Series) Circular No. 12
December 19, 2019
All Category – I Authorised Dealer Banks
Madam/Sir
Exim Bank's Government of India supported Line of Credit (LOC) of
USD 19.5 million to the Republic of Zimbabwe
Export-Import Bank of India (Exim Bank) has entered into an agreement dated April 04, 2019 with the Republic of Zimbabwe for making available to the ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1036
|
|
Furthering Digital Payments – Waiver of Charges – National Electronic Funds Transfer (NEFT) System
Posted Date : 17-Dec-2019 , 11:26:16 am | Posted By: CASANSAAR
RBI/2019-20/116
DPSS (CO) RPPD No.1140/04.03.01/2019-20
December 16, 2019
The Chairman / Managing Director / Chief Executive Officer
of member banks participating in NEFT
Madam/Dear Sir,
Furthering Digital Payments – Waiver of Charges –
National Electronic Funds Transfer (NEFT) System
A reference is invited toRBI circulars DPSS CO (EPPD)/98/04.03.01/2012-13 dated July 13, 2012on National Electronic Funds Transfer (NEFT) System - Rationalisation of customer charg...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 998
|
|
Liquidity Support (LS) Facility - NEFT 24 x 7
Posted Date : 13-Dec-2019 , 09:57:29 pm | Posted By: CASANSAAR
RBI/2019-20/115
FMOD.MAOG.No.138/01.01.001/2019-20
December 13, 2019
The Chairman / Managing Director / Chief Executive Officers
of member banks participating in NEFT payment system
Madam / Dear Sir
Liquidity Support (LS) Facility - NEFT 24 x 7
As announced in theStatement on Developmental and Regulatory Policies dated October 4, 2019, in order to facilitate smooth settlement of NEFT transactions in the accounts of the member banks maintained with the Reserve Bank in a 24x7 envi...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 908
|
|
Operational Risk Management: Price / Yield range setting in e-Kuber
Posted Date : 13-Dec-2019 , 07:13:27 am | Posted By: CASANSAAR
RBI/2019-20/114
Ref. No. IDMD/1615/08.02.032/2019-20
December 12, 2019
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir / Madam
Operational Risk Management: Price / Yield range setting in e-Kuber
In the recent past there have been a few instances of Fat Finger, Big Figure errors on the part of market participants in G Sec auctions. Realizing that such errors c...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 868
|
|
RBI Master Circular on Collection of Direct Tax – OLTAS
Posted Date : 13-Dec-2019 , 07:12:44 am | Posted By: CASANSAAR
RBI/2019-20/113
DGBA.GBD.No.1141/42.01.034/2019-20
December 12, 2019
To
All Agency Banks
Dear Sir/ Madam
RBI Master Circular on Collection of Direct Tax – OLTAS
Please refer to ourCircular DGBA.GAD.No.458/42.01.034/2016-17 dated August 25, 2016and DGBA.GAD.No.910/42.01.034/2016-17 dated October 14, 2016, on Collection of Direct Taxes, wherein it was clarified that only the Master Circ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1028
|
|
Availability of National Electronic Funds Transfer (NEFT) System on 24x7 basis
Posted Date : 07-Dec-2019 , 07:45:10 am | Posted By: CASANSAAR
RBI/2019-20/111
DPSS (CO) RPPD No.1097/04.03.01/2019-20
December 6, 2019
The Chairman/Managing Director/Chief Executive Officer
of member banks participating in NEFT payment system
Madam/Dear Sir
Availability of National Electronic Funds Transfer (NEFT) System on 24x7 basis
Please refer to our circular DPSS (CO) RPPD No.510/04.03.01/2019-20 dated August 30, 2019 regarding availability of NEFT on a 24x7 basis.
2. It has been decided that the above facility shall be made availa...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 893
|
|
Acquisition of financial assets by Asset Reconstruction Companies from sponsors and lenders
Posted Date : 07-Dec-2019 , 07:44:13 am | Posted By: CASANSAAR
RBI/2019-20/110
DOR.NBFC(ARC) CC. No. 8/26.03.001/2019-20
December 6, 2019
All Asset Reconstruction Companies
Madam/ Sir,
Acquisition of financial assets by Asset Reconstruction Companies from sponsors and lenders
Please refer to para 2(A) ofCircular DNBS (PD) CC.No.37/SCRC/26.03.001/2013-2014 dated March 19, 2014.
2. On a review, it has been decided that Asset Reconstruction Companies (ARCs) shall not acquire financial assets from the following on a bilateral basis, whatever ...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 915
|
|
Exim Bank's Government of India supported Line of Credit (LOC) of USD 500 million to the Government of Bangladesh
Posted Date : 05-Dec-2019 , 05:25:14 pm | Posted By: CASANSAAR
RBI/2019-20/109 A.P. (DIR Series) Circular No.11
December 05, 2019
All Category – I Authorised Dealer Banks
Madam/Sir
Exim Bank's Government of India supported Line of Credit (LOC) of USD 500 million to the Government of Bangladesh
Export-Import Bank of India (Exim Bank) has entered into an agreement dated April 11, 2019 with the Armed Forces Division, Government of the People’s Republic of Bangladesh for making available to the latter, a Government of India supported Li...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 885
|
|
Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 - Amendment
Posted Date : 29-Nov-2019 , 08:18:34 am | Posted By: CASANSAAR
RBI/2019-20/107
FMRD.DIRD.21/14.03.038/2019-20
November 28, 2019
To
All participants in repo market
Dear Sir/Madam
Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 - Amendment
Please refer toRepurchase Transactions (Repo) (Reserve Bank) Directions, 2018 dated July 24, 2018.
2. Units of Debt Exchange Traded Funds (Debt ETFs) shall henceforth be eligible securities for repo transactions.
3. The Directions, revised as above, areenclosed.
Yours faithfully
...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1129
|
|
Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Posted Date : 29-Nov-2019 , 08:17:49 am | Posted By: CASANSAAR
RBI/2019-20/105
FIDD.GSSD.CO.BC.No.15/09.01.01/2019-20
November 26, 2019
The Chairman/ Managing Director & CEO
All Scheduled Commercial Banks &
Small Finance Banks
Madam/Dear Sir
Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Please refer to theMaster Circular FIDD.GSSD.CO.BC.No.02/09.01.01/2019-20 dated July 01, 2019on Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM).
2. The latest guideli...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1197
|
|
Exclusion of “Vijaya Bank” and “Dena Bank” from the Second Schedule of the Reserve Bank of India Act, 1934 and cessation as banking companies
Posted Date : 28-Nov-2019 , 06:03:20 pm | Posted By: CASANSAAR
RBI/2019-20/106
DOR.No.Ret.BC.25/12.07.160/2019-20
November 28, 2019
All Scheduled Commercial Banks
Dear Sir/Madam
Exclusion of “Vijaya Bank” and “Dena Bank” from the Second Schedule of the Reserve Bank of India Act, 1934 and cessation as banking companies
“Vijaya Bank” and “Dena Bank” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2019 since they have ceased to carry on...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1012
|
|
Non-resident Rupee Accounts – Review of Policy
Posted Date : 22-Nov-2019 , 06:35:36 pm | Posted By: CASANSAAR
RBI/2019-20/102
A.P. (DIR Series) Circular No. 09
November 22, 2019
To
All Category-I Authorised Dealer Banks
Madam / Sir
Non-resident Rupee Accounts – Review of Policy
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph 3 ofStatement on Developmental and Regulatory Policiesof the Fourth Bi-Monthly Monetary Policy Statement for 2019-20 dated October 04, 2019.
2. In terms of paragraph 7 of Part II ofMaster Direction No.14 dated Jan...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 907
|
|
Liquidation of Aditya Birla Idea Payments Bank Limited
Posted Date : 18-Nov-2019 , 05:23:25 pm | Posted By: CASANSAAR
RBI/2019-20/99
DOR.No.Recon.Div.24/10.03.200/2019-20
November 18, 2019
All Scheduled Commercial Banks
Dear Sir / Madam
Liquidation of Aditya Birla Idea Payments Bank Limited
We advise that on a voluntarily winding up application by Aditya Birla Idea Payments Bank Limited, the Hon’ble Bombay High Court has passed an order on September 18, 2019 and has appointed Shri Vijaykumar V. Iyer, Senior Director of Deloitte Touche Tohmatsu India LLP as the Liquidator of Aditya Birla Id...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 1140
|
|
|
|
|
