| Notifications/Circulars |
Category : 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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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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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...
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RBI |
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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)...
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RBI |
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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...
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RBI |
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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...
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RBI |
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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...
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RBI |
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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...
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RBI |
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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...
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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 : 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...
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RBI |
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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...
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RBI |
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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...
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RBI |
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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...
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RBI |
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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...
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RBI |
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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...
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RBI |
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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 ...
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RBI |
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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...
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RBI |
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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...
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RBI |
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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...
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