| Notifications/Circulars |
Category : RBI |
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Revision in Proforma and Reporting of Bank/Banking Outlet (BO) details under the CISBI
Posted Date : 29-Jun-2019 , 09:08:54 am | Posted By: CASANSAAR
RBI/2018-19/228
DBR.No.BAPD.BC.50/22.01.001/2018-19
June 28, 2019
The Chairman and Managing Director/Chief Executive Officer
All Commercial Banks (including Regional Rural Banks, Small Finance Banks,
Payments Banks and, Local Area Banks) and All India Financial Institutions (AIFIs)
Madam/Dear Sir,
Revision in Proforma and Reporting of Bank/Banking Outlet (BO) details under the Central Information System for Banking Infrastructure (CISBI)
Please refer to our circulars (i) Master...
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Permission to acquire financial asset from other Asset Reconstruction Companies (ARCs)
Posted Date : 29-Jun-2019 , 09:08:17 am | Posted By: CASANSAAR
RBI/DNBR/2018-19/227
DNBR.PD (ARC) CC.No.07/26.03.001/2018-19
June 28, 2019
The Chairman/Managing Director/Chief Executive Officer
All registered Asset Reconstruction Companies
Dear Sir/Madam,
Permission to acquire financial asset from other Asset Reconstruction Companies (ARCs)
Please refer toCircular DNBS (PD) CC.No.35/SCRC/26.03.001/2013-2014 dated January 23, 2014on the captioned subject.
2. In view of amendment to the Securitisation and Reconstruction of Financial Assets...
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RBI |
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Basel III Capital Regulations- Implementation of Leverage Ratio
Posted Date : 29-Jun-2019 , 09:06:49 am | Posted By: CASANSAAR
RBI/2018-19/225
DBR.BP.BC.No.49/21.06.201/2018-19
June 28, 2019
All Scheduled Commercial Banks
(excluding RRBs, LABs, Payments Banks and Small Finance Banks)
Dear Sir/Madam,
Basel III Capital Regulations- Implementation of Leverage Ratio
Please refer to ‘Part E: Leverage Ratio Framework’ of the Master Circular- Basel III Capital Regulations,DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015.
2. As announced in theStatement on Developmental and Regulatory Policies...
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RBI |
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Gold Card Scheme for Exporters - RBI
Posted Date : 28-Jun-2019 , 08:35:13 am | Posted By: CASANSAAR
RBI/2018-19/224
DBR.Dir.BC.No.48/04.02.002/2018-19
June 27, 2019
To
All Scheduled Commercial Banks
(Excluding RRBs)
All Small Finance Banks
All Local Area Banks
Dear Sir / Madam,
Gold Card Scheme for Exporters
Please refer to para 8.1.3 of theMaster Circular DBR No.DIR.BC.14/04.02.002/2015-16 dated July 01, 2015wherein detailed instructions on ‘Gold Card Scheme for Exporters’ have been given.
2. We have been receiving representations from exporters and their As...
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RBI |
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Bank branches to accept coins of all denominations tendered at their counters - RBI
Posted Date : 27-Jun-2019 , 08:24:43 am | Posted By: CASANSAAR
RBI/2018-19/223
DCM (NE) No.3057/08.07.18/2018-19
June 26, 2019
The Chairman and Managing Director /
The Managing Director/
The Chief Executive Officer
All Banks
Madam / Dear Sir,
Acceptance of coins
We invite a reference to ourcircular DCM (RMMT) No.2945/11.37.01/2017-18 dated February 15, 2018on the captioned subject and Paragraph 1 (d) of ourMaster Circular DCM (NE) No.G-2/08.07.18/2018-19 dated July 02, 2018 (updated as on January 14, 2019)on Facility for Exchange of Notes...
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RBI |
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Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019
Posted Date : 27-Jun-2019 , 08:23:16 am | Posted By: CASANSAAR
RBI/2018-19/222
FMRD.DIRD.19/14.03.046/2018-19
June 26, 2019
To
All participants in Rupee interest rate derivatives markets
Dear Sir/Madam
Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019
Please refer to Paragraph 8 of theStatement on Developmental and Regulatory Policies, Reserve Bank of India, issued as part of the sixth Bi-monthly Monetary Policy Statement for 2018-19 dated February 07, 2019regarding rationalization of interest rate derivative directions.
...
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RBI |
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Financial Benchmark Administrators (Reserve Bank) Directions, 2019
Posted Date : 27-Jun-2019 , 08:22:24 am | Posted By: CASANSAAR
RBI/2018-19/221
FMRD.FMSD.17/03.07.035/2018-19
June 26, 2019
To
All eligible market participants
Dear Sir/Madam
Financial Benchmark Administrators (Reserve Bank) Directions, 2019
Please refer to Paragraph 2 of theStatement on Developmental and Regulatory Policies of the Fourth Bi-monthly Monetary Policy Statement for 2018-19 dated October 05, 2018, wherein it was announced that the Reserve Bank will introduce a regulatory framework for financial benchmarks, to improve the govern...
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RBI |
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Rationalisation and Revision of Agency Commission Payable to Banks on Government Transactions
Posted Date : 23-Jun-2019 , 05:48:44 am | Posted By: CASANSAAR
RBI/2018-19/219
DGBA.GBD.No.3144/31.02.007/2018-19
June 20, 2019
All agency banks
Sir/Madam
Rationalisation and Revision of Agency Commission
Payable to Banks on Government Transactions
A reference is invited to ourcircular DGBA.GAD.No.7575/31.12.011/2011-12 dated May 22, 2012advising revision in the rates of agency commission payable to agency banks with effect from July 01, 2012.
2. Since then, there has not only been an expansion in volume and value of government receipts ...
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RBI |
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Formation of new district in the States of Telangana and Madhya Pradesh – Assignment of Lead Bank Responsibility
Posted Date : 23-Jun-2019 , 05:48:07 am | Posted By: CASANSAAR
RBI/2018-19/218
FIDD.CO.LBS.BC.No.19/02.08.001/2018-19
June 20, 2019
The Chairmen / Managing Directors & Chief Executive Officers
All Lead Banks
Madam/ Dear Sir,
Formation of new district in the States of Telangana and Madhya Pradesh –
Assignment of Lead Bank Responsibility
The Government of Telangana vide Gazette Notification G.O.MS.No.18 and 19 dated February 16, 2019 had notified the formation of two new districts in the State of Telangana and the Government of Mad...
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RBI |
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Rollout of the foreign exchange trading platform for retail participants – FX-Retail
Posted Date : 23-Jun-2019 , 05:47:29 am | Posted By: CASANSAAR
RBI/2018-19/217
FMRD.FMD.16/02.03.225/2018-19
June 20, 2019
All Eligible Market Participants
Dear Sir/Madam,
Rollout of the foreign exchange trading platform for retail participants – FX-Retail
Please refer to theStatement on Developmental and Regulatory Policies dated June 06, 2019, announcing the introduction of an electronic trading platform for buying/selling foreign exchange by retail customers of banks. The platform, FX-Retail, is ready for rollout by the Clearing Cor...
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RBI |
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Discontinuation of the requirement of Paper to Follow (P2F) for State Government Cheques
Posted Date : 23-Jun-2019 , 05:46:47 am | Posted By: CASANSAAR
RBI/2018-19/216
DGBA.GBD.No.3136/42.01.035/2018-2019
June 20, 2019
The Chairman and Managing Director/
The Chief Executive Officer
All Agency Banks
Madam / Dear Sir,
Discontinuation of the requirement of Paper to Follow (P2F) for State Government Cheques
With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for clearance of cheques, facilitating the presentation and payment of cheques without their physical movement. ...
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RBI |
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Scheme for Reimbursement of MDR- withdrawal of RBI circulars
Posted Date : 14-Jun-2019 , 09:19:41 am | Posted By: CASANSAAR
RBI/2018-19/210
DGBA.GBD.No.3089/43.33.001/2018-19
June 13, 2019
To
All Acquiring Banks of Debit Card/ BHIM UPI/ BHIM Aadhaar Pay transactions
Dear Sir
Scheme for Reimbursement of MDR- withdrawal of RBI circulars
Please refer to our following instructions on the MDR reimbursement schemes:
Circular no. RBI/2016-17/228
DGBA.GAD.No.2128/44.02.001/2016-17 dated February 16, 2017
Circular no. RBI/2017-18/55
DGBA.GBD.No.505/31.02.007/2017-18 dated September 7, 2...
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RBI |
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National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems – Waiver of charges
Posted Date : 12-Jun-2019 , 08:45:10 am | Posted By: CASANSAAR
RBI/2018-2019/208
DPSS (CO) RPPD No.2557/04.03.01/2018-19
June 11, 2019
The Chairman / Managing Director / Chief Executive Officer
of member banks participating in RTGS and / or NEFT
Madam / Sir
National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems – Waiver of charges
Please refer to paragraph No. 8 of the Second Bi-monthly Monetary PolicyStatement on Developmental and Regulatory Policies for 2019-20 dated June 06, 2019on the above subject...
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RBI |
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Financial Inclusion- Access to Banking Services – Basic Savings Bank Deposit Account (BSBDA)
Posted Date : 11-Jun-2019 , 08:52:48 am | Posted By: CASANSAAR
RBI/2018-19/206
DBR.LEG.BC.No.47/09.07.005/2018-19
June 10, 2019
All Scheduled Commercial Banks (including RRBs)
All Payments Banks
All Small Finance Banks
All Local Area Banks
Dear Sir/ Madam
Financial Inclusion- Access to Banking Services – Basic Savings Bank Deposit Account (BSBDA)
Please refer to ourcircular DBOD.No.Leg.BC.35/09.07.005/2012-13 dated August 10, 2012on the captioned subject.
2. The Basic Savings Bank Deposit (BSBD) Account was designed as a savings ...
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RBI |
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Sale of Securities held in Held to Maturity (HTM) Category - Accounting treatmen
Posted Date : 11-Jun-2019 , 08:51:55 am | Posted By: CASANSAAR
RBI/2018-19/205
DCBR.BPD.(PCB) Cir.No.10/16.20.000/2018-19
June 10, 2019
The Chief Executive Officers of
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Sale of Securities held in Held to Maturity (HTM) Category - Accounting treatment
Please refer to Para 16.2 ofMaster Circular DCBR.BPD.(PCB).MC.No.4/16.20.000/2015-16 dated July 01, 2015on Investments by Primary (Urban) Co-operative Banks (UCBs) indicating that securities acquired by banks with the intention to hold the...
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RBI |
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Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Bank
Posted Date : 11-Jun-2019 , 08:51:07 am | Posted By: CASANSAAR
RBI/2018-19/204
DBR.No.BP.BC.46/21.04.141/2018-19
June 10, 2019
All Commercial Banks
(excluding RRBs)
Dear Sir/Madam
Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks - Sale of investments held under Held to Maturity (HTM) category
Please refer to ourcircular DBR No BP.BC.6/21.04.141/2015-16 dated July 1, 2015, advising banks that if the value of sales and transfer of securities to / from HTM category exceeds 5 per cent of the book val...
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RBI |
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Standing Liquidity Facility for Primary Dealers - RBI
Posted Date : 07-Jun-2019 , 08:12:02 am | Posted By: CASANSAAR
RBI/2018-19/200
REF.No.MPD.BC.387/07.01.279/2018-19
June 06, 2019
All Primary Dealers,
Standing Liquidity Facility for
Primary Dealers
In theSecond Bi-monthly Monetary Policy Statement 2019-20 of the Monetary Policy Committee (MPC) of June 06, 2019, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points to 5.75 per cent from 6.00 per cent with immediate ...
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RBI |
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Change in Bank Rate - RBI
Posted Date : 07-Jun-2019 , 08:11:15 am | Posted By: CASANSAAR
RBI/2018-19/199
DBR.No.Ret.BC.44/12.01.001/2018-19
June 06, 2019
The Chairperson / CEOs of all Scheduled and Non Scheduled Banks
Dear Sir / Madam,
Change in Bank Rate
Please refer to ourcircular DBR.No.Ret.BC.33/12.01.001/2018-19 dated April 04, 2019on the captioned subject.
2. As announced in theSecond Bi-Monthly Monetary Policy Statement 2019-20 of June 06, 2019, the Bank Rate is revised downwards by 25 basis points from 6.25 per cent to 6.00 per cent with immediate effect.
...
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RBI |
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Marginal Standing Facility - RBI
Posted Date : 07-Jun-2019 , 08:10:30 am | Posted By: CASANSAAR
RBI/2018-2019/198
FMOD.MAOG. No.133/01.18.001/2018-19
June 6, 2019
All Marginal Standing Facility (MSF) participants
Madam/Sir,
Marginal Standing Facility
As announced in theSecond 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 Facility (LAF) by 25 basis points from 6.00 per cent to5.75 per centwith immediate effect.
2. Consequently, the Marginal Stan...
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RBI |
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Liquidity Adjustment Facility – Repo and Reverse Repo Rates
Posted Date : 07-Jun-2019 , 08:09:42 am | Posted By: CASANSAAR
RBI/2018-2019/197
FMOD.MAOG.No.132/01.01.001/2018-19
June 6, 2019
All Liquidity Adjustment Facility (LAF) participants
Madam/Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced in theSecond 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 Facility (LAF) by 25 basis points from 6.00 per cent to5.75 per centwith immediate effe...
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RBI |
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Enforcement action in respect of statutory auditors of commercial banks
Posted Date : 05-Jun-2019 , 09:32:13 am | Posted By: CASANSAAR
RBI vide itsPress Release dated June 29, 2018had put in place an enforcement action framework in respect of statutory auditors for the lapses in the statutory audit of commercial banks. In terms of the aforesaid enforcement action framework, on account of the lapses identified in a statutory audit assignment carried out by the firm, M/s S.R.Batliboi & Co. LLP, Chartered Accountants (ICAI Firm Registration Number: 301003E), it has been decided that RBI will not approve the said firm for c...
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RBI |
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Rationalisation of Branch Authorisation Policy- Revision of Guidelines
Posted Date : 01-Jun-2019 , 07:28:39 am | Posted By: CASANSAAR
RBI/2018-19/194
DBR.RRB.BL.BC.No.40/31.01.002/2018-19
May 31, 2019
The Chairman
All Regional Rural Banks
Madam/Dear Sir,
Rationalisation of Branch Authorisation Policy- Revision of Guidelines
Please refer to theMaster Circular DBR.CO.RRB.BL.BC.No.17/31.01.002/2015-16 dated July 01, 2015consolidating instructions/guidelines issued to Regional Rural Banks (RRBs) on Branch Licensing till June 30...
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RBI |
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Sovereign Gold Bond Scheme 2019-20 - Series I/II/III/IV - Operational Guidelines
Posted Date : 31-May-2019 , 09:47:36 am | Posted By: CASANSAAR
RBI/2018-19/193
IDMD.CDD.No.3391/14.04.050/2018-19
May 30, 2019
The Chairman & Managing Director
All Scheduled Commercial Banks
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India ltd.(SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bond Scheme 2019-20 - Series I/II/III/IV - Operational...
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RBI |
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Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV
Posted Date : 31-May-2019 , 09:46:48 am | Posted By: CASANSAAR
RBI/2018-19/192
IDMD.CDD.No.3392/14.04.050/2018-19
May 30, 2019
The Chairman & Managing Director
All Scheduled Commercial Banks,
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India Ltd. (SHCIL)
National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd.
Dear Sir/Madam,
Sovereign Gold Bond Scheme (SGB) 2019-20- Series I/II/III/IV
...
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Category :
RBI |
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Amendment to Master Direction (MD) on KYC
Posted Date : 30-May-2019 , 09:26:41 am | Posted By: CASANSAAR
RBI/2018-19/190
DBR.AML.BC.No.39/14.01.001/2018-19
May 29, 2019
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. 108(E) dated February 13, 2019, has notified amendments to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. Further, an Ordinance, “Aadhaar and other Laws (amendment) Ordinance, 2019”, has been notified by the Governmen...
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RBI |
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Extension of relaxation on the guidelines to NBFCs on securitisation transactions
Posted Date : 30-May-2019 , 09:25:51 am | Posted By: CASANSAAR
RBI/2018-19/191
DNBR (PD) CC. No. 100/03.10.001/2018-19
May 29, 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”.
2. On a review, it has been decided to extend the dispensation provided therein till December 31, 2019.
Yours faithfully,
(Manor...
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RBI |
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Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions
Posted Date : 29-May-2019 , 09:04:46 am | Posted By: CASANSAAR
RBI/2018-19/189
DPSS (CO) RTGS No. 2488/04.04.016/2018-19
May 28, 2019
The Chairman / Managing Director / Chief Executive Officer
of member banks participating in RTGS
Madam / Dear Sir,
Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions
A reference is invited tocircular DPSS (CO) RTGS No.492/04.04.002/2015-16 dated September 1, 2015on ‘Changes in RTGS time window’ andcircular DPSS (CO) RTGS No.1926/04.04.002/2015-16 dated ...
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RBI |
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Incentive for improving service to non-chest branches - RBI
Posted Date : 24-May-2019 , 09:47:48 am | Posted By: CASANSAAR
RBI/2018-19/186
DCM (Plg.) No.2845/10.25.007/2018-19
May 23, 2019
The Chairman & Managing Director
Managing Director/ Chief Executive Officer
All Banks having Currency Chests
Dear Sir/Madam,
Incentive for improving service to non-chest branches
Please refer to ourcircular RBI/2015-16/293 DCM (NPD) No.2564/09.40.02/2015-16 dated January 21, 2016on the captioned subject. It has been ...
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RBI |
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Risk Management System – Appointment of Chief Risk Officer (CRO) for NBFCs
Posted Date : 17-May-2019 , 09:59:10 am | Posted By: CASANSAAR
RBI/2018-19/184
DNBR (PD) CC. No.099/03.10.001/2018-19
May 16, 2019
Non-Banking Financial Company– Investment and Credit Companies, Infrastructure Finance Companies,
Micro Finance Institutions, Factors and Infrastructure Debt Funds
Madam / Dear Sir,
Risk Management System – Appointment of Chief Risk Officer (CRO) for NBFCs
With the increasing role of NBFCs in direct credit intermediation, there is a need for NBFCs to augment risk management practices. While Boards of...
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RBI |
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RBI publishes Payment and Settlement Systems in India: Vision 2019 – 2021
Posted Date : 16-May-2019 , 08:37:24 am | Posted By: CASANSAAR
The Reserve Bank of India has today placed on its website the “Payment and Settlement Systems in India: Vision 2019 – 2021”. The Payment Systems Vision 2021 with its core theme of ‘Empowering Exceptional (E)payment Experience’ aims atempowering every Indian with access to a bouquet of e-payment options that is safe, secure, convenient, quick and affordable.
The Payment Systems Vision 2021 has been formalised based on inputs from various stakeholders and guidanc...
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