| Notifications/Circulars |
Category : 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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RBI |
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Outsourcing of Cash Management – Reconciliation of Transactions
Posted Date : 15-May-2019 , 10:19:34 am | Posted By: CASANSAAR
RBI/2018-19/183
DCM (Plg) No.2746/10.25.07/2018-19
May 14, 2019
The Chairman / Managing Director /
Chief Executive Officer
All Banks
Madam / Dear Sir,
Outsourcing of Cash Management – Reconciliation of Transactions
As stated in para 15 of themonetary policy statement dated October 04, 2016, the Bank had constituted a Committee on Currency Movement [Chair: Shri D.K. Mohanty, Executive Director, Reserve Bank of India] to review the entire gamut of security of the treasure i...
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RBI |
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Disclosure on Exposure to Infrastructure Leasing & Financial Services Limited (ILFS) and its group entities
Posted Date : 09-May-2019 , 10:43:56 am | Posted By: CASANSAAR
RBI/2018-19/181
DBR.BP.BC.No.38/21.04.048/2018-19
May 8, 2019
All Scheduled Commercial Banks
All India Financial Institutions (EXIM Bank, NABARD, NHB and SIDBI)
Dear Sir/ Madam,
Disclosure on Exposure to Infrastructure Leasing & Financial Services Limited (ILFS) and its group entities
Please refer to thecircular DBR.BP.BC.No.37/21.04.048/2018-19 dated April 24, 2019on the captioned subject. In view of the National Company Law Appellate Tribunal’s (NCLAT) order dated Ma...
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RBI |
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Priority Sector Lending – Targets and Classification
Posted Date : 08-May-2019 , 07:09:19 am | Posted By: CASANSAAR
RBI/2018-19/179
FIDD.CO.Plan.BC.18 /04.09.01/2018-19
May 6, 2019
The Chairman/MD & CEO
All Regional Rural Banks/All Small Finance Banks
Dear Sir/ Madam,
Priority Sector Lending – Targets and Classification
Please refer to Para 10 of theStatement on Developmental and Regulatory Policiesof theFirst Bi-Monthly Monetary Policy Statement 2019-20 dated April 4, 2019and Para 9 ofMaster Direction – Regional Rural Banks (RRBs) - Priority Sector Lending – Targets and...
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RBI |
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RBI extends deadline for identification of Legal Entity
Posted Date : 26-Apr-2019 , 09:18:36 pm | Posted By: CASANSAAR
RBI/2018-19/177
FMRD.FMID.No.15/11.01.007/2018-19
April 26, 2019
To
All eligible market participants
Dear Sir/Madam,
Legal Entity Identifier: Extension of deadline
A reference is invited tocircular FMRD.FMID.No.10/11.01.007/2018-19 dated November 29, 2018issued by the Reserve Bank on requirement of Legal Entity Identifier (LEI) for participation in non-derivative markets.
2. Based on the feedback and requests received from market participants, and with a view to enable smoo...
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RBI |
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Licensing as Authorised Dealer- Category II - RBI
Posted Date : 17-Apr-2019 , 10:04:53 am | Posted By: CASANSAAR
RBI/2018-19/170
DNBR (PD) CC.No.098/03.10.001/2018-19
April 16, 2019
To
All Systemically Important Non-Deposit taking Non-Banking Financial Company – Investment and Credit Companies
Madam/Sir,
Licensing as Authorised Dealer- Category II
A large segment of population is increasingly getting connected with forex transactions on individual accounts. In order to increase the accessibility...
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RBI |
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Minimum Standards for a Currency Chest
Posted Date : 09-Apr-2019 , 09:05:24 am | Posted By: CASANSAAR
RBI/2018-19/166
DCM (CC) No.2482/03.39.01/2018-19
April 08, 2019
Chairman/Managing Director/
Chief Executive Director
All banks
Madam/Sir,
Minimum Standards for a Currency Chest
As stated in para 15 of themonetary policy statement dated October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director]. The Committee, inter-alia, recommended that the Reserve Bank should encourage banks to open large Currency Chests (...
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RBI |
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Assignment of Lead Bank Responsibility - RBI
Posted Date : 01-Apr-2019 , 06:12:22 pm | Posted By: CASANSAAR
RBI/2018-19/158
FIDD.CO.LBS.BC.No.17/02.08.001/2018-19
April 1, 2019
The Chairmen & Managing Directors/Chief Executive Officers
All Lead Banks
Madam/ Dear Sir,
Assignment of Lead Bank Responsibility
Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda has been notified vide Gazette of India Notification G.S.R. 2(E) dated January 2, 2019. The Notification called the ‘Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda Scheme, 2019’ has come into...
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RBI |
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Disclosure in the "Notes to Accounts" to the Financial Statements - Divergence in the asset classification and provisioning
Posted Date : 01-Apr-2019 , 06:11:37 pm | Posted By: CASANSAAR
RBI/2018-19/157
DBR.BP.BC.No.32/21.04.018/2018-19
April 1, 2019
All Commercial Banks
(Excluding Regional Rural Banks)
Madam / Dear Sir,
Disclosure in the "Notes to Accounts" to the Financial Statements - Divergence in the asset classification and provisioning
Please refer to ourcircular DBR.BP.BC.No.63/21.04.018/2016-17 dated April 18, 2017, on the captioned subject, requiring discl...
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RBI |
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Large Exposures Framework (LEF) - RBI
Posted Date : 01-Apr-2019 , 06:10:52 pm | Posted By: CASANSAAR
RBI/2018-19/156
DBR.No.BP.BC.31/21.01.003/2018-19
April 1, 2019
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Madam/Dear Sir,
Large Exposures Framework (LEF)
Please refer to thecircular DBR.No.BP.BC.43/21.01.003/2016-17 dated December 01, 2016on the subject. After due consideration of the representations received from stakeholders, it has been decided as under:
Non-centrally cleared derivatives exposures will be outside the purview of exposure limits t...
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RBI |
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Special Clearing operations on March 30 and 31, 2019 - RBI
Posted Date : 29-Mar-2019 , 12:29:44 pm | Posted By: CASANSAAR
RBI/2018-19/153
DPSS.CO.RPPD.No./2089/03.01.03/2018-19
March 28, 2019
The Chairman and Managing Director / Chief Executive Officer
All Scheduled Commercial Banks including Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Local Area Banks
Madam / Dear Sir,
Special Clearing operations on March 30 and 31, 2019
A reference is invited to the circular issued by Department of Government and Bank Accounts (DGBA.GBD.No.2...
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RBI |
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Non-resident Participation in Rupee Interest Rate Derivatives Markets (Reserve Bank) Directions, 2019
Posted Date : 28-Mar-2019 , 08:48:30 am | Posted By: CASANSAAR
RBI/2018-19/151
FMRD.DIRD.13/14.03.041/2018-19
March 27, 2019
To
All participants in rupee interest rate derivative markets
Dear Sir/Madam
Non-resident Participation in Rupee Interest Rate Derivatives Markets (Reserve Bank) Directions, 2019
Please refer to theBi-monthly Monetary Policy Statement in April 2018wherein it was announced that non-residents shall be given access to the Rupee Inte...
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RBI |
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All Agency Banks to remain open for public on March 31, 2019 - RBI
Posted Date : 27-Mar-2019 , 08:28:33 am | Posted By: CASANSAAR
RBI/2018-19/150
DBR.No.Leg.BC.30/09.07.005/2018-19
March 26, 2019
All Agency Banks
Dear Sir/ Madam
All Agency Banks to remain open for public on March 31, 2019 (Sunday)
The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions. Accordingly, all Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2019 (Sunday).
2. Ba...
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RBI |
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RBI defers implementation of Ind AS for Banks
Posted Date : 23-Mar-2019 , 10:03:42 am | Posted By: CASANSAAR
RBI/2018-2019/146
DBR.BP.BC.No.29/21.07.001/2018-19
March 22, 2019
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Madam / Dear Sir,
Deferral of Implementation of Indian Accounting Standards (Ind AS)
Please refer to paragraph 3 of theStatement on Developmental and Regulatory Policiesissued with the First Bi-monthly Monetary Policy 2018-19 on April 5, 2018, wherein the implemen...
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RBI |
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Reporting and Accounting of Central Government Transactions of March 2019
Posted Date : 22-Mar-2019 , 09:32:05 am | Posted By: CASANSAAR
RBI/2018-19/143
DGBA.GBD.No.2394/42.01.029/2018-19
March 20, 2019
All Agency Banks
Dear Sir / Madam,
Reporting and Accounting of Central Government Transactions of March 2019
Please refer toCircular DGBA.GBD.No.2324/42.01.029/2017-18 dated March 19, 2018advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBEC, Departmentalised Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal Point branches of your...
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RBI |
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Reserve Bank of India (Prevention of Market Abuse) Directions, 2019
Posted Date : 16-Mar-2019 , 08:43:51 am | Posted By: CASANSAAR
RBI/2018-19/141
FMRD.FMSD.11/11.01.012/2018-19
March 15, 2019
To
All eligible market participants
Dear Sir/Madam
Reserve Bank of India (Prevention of Market Abuse) Directions, 2019
Please refer to Paragraph 12 of theStatement on Developmental and Regulatory Policies of the Second Bi-monthly Monetary Policy Statement for 2018-19 dated June 06, 2018, wherein it was announced that the Reserve Bank shall introduce regulations, in line with best global practices, to prevent abuse in ...
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RBI |
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White Label ATMs (WLAs) in India – Review of Guidelines
Posted Date : 08-Mar-2019 , 07:45:57 am | Posted By: CASANSAAR
RBI/2018-19/138
DPSS.CO.OD.No.1916/06.07.011/2018-19
March 7, 2019
The Chairman and Managing Director / Chief Executive Officer
All Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks /
Authorised ATM Network Operators /
Card Payment Network Operators /
White Label ATM Operators
Madam / Dear Sir,
White Label ATMs (WLAs) in India – Review of Guidelines
Please refer to ourcirculars DPSS.CO...
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RBI |
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Interest Subvention Scheme for Short Term Crop Loans during the years 2018-19 and 2019-20
Posted Date : 08-Mar-2019 , 07:44:57 am | Posted By: CASANSAAR
RBI/2018-19/137
FIDD.CO.FSD.BC.No.15/05.02.001/2018-19
March 7, 2019
The Chairman / Managing Director & CEOs
All Public & Private Sector Scheduled Commercial Banks
Madam/Dear Sir,
Interest Subvention Scheme for Short Term Crop Loans during the years 2018-19 and 2019-20
Please refer to ourcircular FIDD CO.FSD.BC.No.21/05.04.001/2017-18 dated June 7, 2018conveying continuation of Interest Subvention Scheme on the interim basis. In this regard, it is advised that Government...
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RBI |
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Auction of Government of India Dated Securities
Posted Date : 26-Feb-2019 , 09:53:59 am | Posted By: CASANSAAR
RBI/2018-19/131
Ref.No.IDMD/2394/08.02.032/2018-19
February 25, 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,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) five dated securities for a notified amount of₹12,000 croreas per the following details:
Sr No
Security
Notified ...
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RBI |
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Harmonisation of different categories of NBFCs - RBI
Posted Date : 23-Feb-2019 , 10:48:23 am | Posted By: CASANSAAR
RBI/2018-19/130
DNBR (PD) CC.No.097/03.10.001/2018-19
February 22, 2019
All NBFCs
Madam/ Sir,
Harmonisation of different categories of NBFCs
Please refer to paragraph 5 of theStatement on Developmental and Regulatory Policiesof theSixth Bi-monthly Monetary Policy Statement for 2018-19 dated February 07, 2019on Harmonisation of NBFC Categories.
2.Over a period of time, evolution of the NBFC sector has resulted in several categories of NBFCs intended to focus on specific sector/...
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RBI |
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Interest Subvention Scheme for MSMEs
Posted Date : 23-Feb-2019 , 10:47:49 am | Posted By: CASANSAAR
RBI/2018-19/129
DNBR (PD) CC.No.096/03.10.001/2018-19
February 22, 2019
All systemically important non-deposit taking NBFCs
Madam / Dear Sir,
Interest Subvention Scheme for MSMEs
As you are aware, Government of India, on November 2, 2018, has announced ‘Interest Subvention Scheme for MSMEs 2018’.
2. A copy of the salient features and operational guidelines for implementation of the captioned scheme, released by the Ministry of Micro, Small and Medium Enterprises (M...
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Category :
RBI |
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Review of Instructions on Bulk Deposit - RBI
Posted Date : 23-Feb-2019 , 10:46:59 am | Posted By: CASANSAAR
RBI/2018-19/128
DBR.DIR.BC.No.27/13.03.00/2018-19
February 22, 2019
All Scheduled Commercial Banks (excluding Regional Rural Banks)
All Small Finance Banks
Dear Sir/Madam
Review of Instructions on Bulk Deposit
In terms of extant instructions, banks have been given discretion to offer differential rate of interest on the bulk deposits as per their requirements and Asset-Liability Management (ALM) projections.
2. In this connection, as announced in the ‘Statement on Devel...
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RBI |
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Micro, Small and Medium Enterprises (MSME) sector- Restructuring of Advances
Posted Date : 23-Feb-2019 , 10:46:22 am | Posted By: CASANSAAR
RBI/2018-19/127
DBR.No.BP.BC.26/21.04.048/2018-19
February 22, 2019
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 tocircular DBR.No.BP.BC.18/21.04.048/2018-19 dated January 1, 2019on the above subject. One of the conditions for restructuring of existing loan of MSMEs without a dow...
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RBI |
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Risk Weights for exposures to NBFCs - RBI
Posted Date : 23-Feb-2019 , 10:45:36 am | Posted By: CASANSAAR
RBI/2018-19/126
DBR.BP.BC.No.25/21.06.001/2018-19
February 22, 2019
All Scheduled Commercial Banks
(Excluding Regional Rural Banks),
Small Finance Banks
Dear Sir / Madam,
Risk Weights for exposures to NBFCs
Please refer to para 5.8 and para 5.13.5 of theMaster Circular on Basel III Capital Regulation dated July 1, 2015. At present claims on rated as well as unrated Non-deposit Taking Systemically Important Non-Banking Financial Companies (NBFC-ND-SI), other than Asset Finance C...
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RBI |
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Interest Subvention Scheme for MSMEs - RBI
Posted Date : 21-Feb-2019 , 09:49:17 pm | Posted By: CASANSAAR
RBI/2018-19/125
FIDD.CO.MSME.BC.No.14/06.02.031/2018-19
February 21, 2019
The Chairman / Managing Director & CEOs
All Scheduled Commercial Banks
(including Regional Rural Banks)
Madam / Dear Sir,
Interest Subvention Scheme for MSMEs
As you are aware, Government of India, on November 2, 2018, has announced ‘Interest Subvention Scheme for MSMEs 2018’.
2. A copy of the salient features and operational guidelines for implementation of the captioned scheme, releas...
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Category :
RBI |
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Standing Liquidity Facility for Primary Dealers
Posted Date : 08-Feb-2019 , 08:58:59 am | Posted By: CASANSAAR
RBI/2018-19/119
REF. No. MPD.BC.385/07.01.279/2018-19
February 07, 2019
All Primary Dealers,
Standing Liquidity Facility for Primary Dealers
In theSixth Bi-monthly Monetary Policy Statement 2018-19 of the Monetary Policy Committee (MPC) of February 7, 2019, the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points to 6.25 per cent from 6.50 per cent with immediate effect.
2. Accordingly, the Standing Liquidity Facility provided to Primary Dea...
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RBI |
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