Notifications/Circulars |
Category : RBI |
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RBI Master Circular – Detection and Impounding of Counterfeit Notes
Posted Date : 03-Jul-2018 , 08:20:24 am | Posted By: CASANSAAR
RBI/2018-19/04
DCM(FNVD)G – 1/16.01.05/2018-19
July 2, 2018
The Chairman/ Managing Director /Chief Executive Officer
All Banks and
Director of Treasuries of all States
Dear Sir / Madam,
Master Circular – Detection and Impounding of Counterfeit Notes
Please refer to theMaster Circular DCM(FNVD)G - 4/16.01.05/2017-18 dated July 20, 2017consolidating the instructions issued till July 20, 2017, relating to Detection and Impounding of Counterfeit Notes. TheMaster Circula...
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RBI Master Circular – Facility for Exchange of Notes and Coins
Posted Date : 03-Jul-2018 , 08:19:06 am | Posted By: CASANSAAR
RBI/2018-19/3
DCM (NE) No.G-2/08.07.18/2018-19
July 02, 2018
The Chairman and Managing Director /
The Managing Director/
The Chief Executive Officer
All Banks
Madam / Dear Sir
Master Circular – Facility for Exchange of Notes and Coins
Please refer to theMaster Circular DCM (NE) No.G-1/08.07.18/2017-18 dated July 03, 2017containing instructions on the facility for exchange of notes and coins. A revised version of Master Circular on the subject isannexedfor your informatio...
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RBI Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Posted Date : 03-Jul-2018 , 08:17:46 am | Posted By: CASANSAAR
RBI/2018-19/2
DGBA.GBD.No.2/31.12.010/2018-19
July 2, 2018
All Agency Banks
Dear Sir / Madam
Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Please refer to ourMaster Circular RBI/2017-18/2 dated July 1, 2017on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India till June 30, 2018.
2. A copy of the revisedMaster Circul...
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RBI Master Circular - Disbursement of Government Pension by Agency Banks
Posted Date : 03-Jul-2018 , 08:16:32 am | Posted By: CASANSAAR
RBI/2018-19/1
DGBA.GBD.No.-1/31.02.007/2018-19
July 2, 2018
All Agency Banks
Dear Sir/Madam
Master Circular - Disbursement of Government Pension by Agency Banks
Please refer to ourMaster Circular RBI/2017-18/1 dated July 1, 2017on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India till Ju...
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Enforcement action framework in respect of statutory auditors for the lapses in the statutory audit of commercial banks
Posted Date : 29-Jun-2018 , 09:59:28 pm | Posted By: CASANSAAR
Statutory Auditors (SAs) of banks play an important role in contributing to financial stability when they deliver quality bank audits which foster market confidence in banks’ financial statements. Quality bank audits are also a valuable input in the supervisory process of the Reserve Bank of India (RBI) for commercial banks.
2. In the interest of improving audit quality and with a view to instituting a transparent mechanism to examine accountability of SAs in a consistent manner, it has...
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Customer Service provided by agency banks
Posted Date : 21-Jun-2018 , 06:29:11 pm | Posted By: Manya
RBI/2017-18/205
DGBA.GBD.No.3214/45.01.001/2017-18
June 21, 2018
All Agency Banks (dealing with pension payments)
Dear Sir / Madam
Customer Service provided by agency banks
Please refer to our circular no.DGBA.GAD.H-3085/45.01.001/2008-09 dated October 1, 2008 on the captioned subject.
2. We are receiving complaints from various quarters that pensioners are not being treated with due consideration by bank officials, specifically the old pensioners, when they come to the branch...
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RBI |
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Control measures for ATMs – Timeline for compliance
Posted Date : 21-Jun-2018 , 06:28:12 pm | Posted By: Manya
RBI/2017-18/206
DBS(CO).CSITE/BC.5/31.01.015/2017-18 June 21, 2018
To
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (excluding Regional Rural Banks)
All Small Finance Banks and Payment Banks
White-Label ATM Operators...
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RBI |
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Priority Sector Lending – Targets and Classification
Posted Date : 19-Jun-2018 , 09:34:33 pm | Posted By: CASANSAAR
RBI/2017-18/203
FIDD.CO.Plan.BC.22/04.09.01/2017-18
June 19, 2018
The Chairman/ Managing Director & CEOs
All Scheduled Commercial Banks
(Excluding Regional Rural Banks and Small Finance Banks)
Dear Sir/ Madam,
Priority Sector Lending – Targets and Classification
Please refer to Para 6 of theStatement on Developmental and Regulatory Policiesof theSecond Bi-Monthly Monetary Policy Statement 2018-19 dated June 06, 2018and Para 10.1 ofMaster Direction on Priority Sector L...
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Basel III Framework on Liquidity Standards - Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Posted Date : 16-Jun-2018 , 11:21:18 am | Posted By: Manya
RBI/2017-18/201
DBR.BP.BC.No.114/21.04.098/2017-18
June 15, 2018
All Scheduled Commercial Banks
(excluding RRBs) &
Small Finance Banks (SFBs)
Dear Sir,
Basel III Framework on Liquidity Standards - Liquidity Coverage
Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Please refer to our circular DBR.BP.BC.No.2/21.04.098/2016-17 dated July 21, 2016 and other associated circulars on the captioned subject.
2. Presently, the assets allowed as the Level...
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RBI |
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Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR)
Posted Date : 16-Jun-2018 , 11:20:05 am | Posted By: Manya
RBI/2017-18/200
DBR.No.BP.BC.113/21.04.048/2017-18
June 15, 2018
All Scheduled Commercial Banks
& Small Finance Banks (SFBs)
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 Circular DBR.No.BP.BC.102/21.04.048/2017-18 dated April 2, 2018 on the captioned subject.
2. In view of the continuing rise in the yields on...
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Investment by Foreign Portfolio Investors (FPI) in Debt - Review
Posted Date : 16-Jun-2018 , 11:18:45 am | Posted By: Manya
RBI/2017-18/199
A.P. (DIR Series) Circular No. 31
June 15, 2018
To
All Authorized Persons
Madam / Sir
Investment by Foreign Portfolio Investors (FPI) in Debt - Review
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 notified vide Notification No. FEMA.20(R)/2017-RB dated November 07, 2017, as amended from time to time a...
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RBI |
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Interest Rate Options in India - RBI
Posted Date : 15-Jun-2018 , 09:19:07 am | Posted By: CASANSAAR
RBI/2017-18/198
FMRD.DIRD.9 /14.01.020/2017-18
June 14, 2018
To
All Eligible market participants
Dear Sir/Madam,
Interest Rate Options in India
Please refer toFMRD circular FMRD.DIRD.12/14.01.011/2016-17 dated December 29, 2016on introduction of Interest Rate Options in India. As announced in thefirst bi-monthly Monetary Policy Statement 2018-19 dated April 05, 2018, it has now been decided to permit Interest Rate Swaptions in Rupees so as to enable better timing flexibility f...
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RBI |
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Gold Monetization Scheme, 2015
Posted Date : 07-Jun-2018 , 06:15:17 pm | Posted By: Manya
RBI/2017-18/192
DBR.IBD.BC.109/23.67.001/2017-18
June 7, 2018
All Scheduled Commercial Banks (excluding RRBs)
Dear Sir/Madam
Gold Monetization Scheme, 2015
In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015, with immediate effect.
1. Th...
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RBI |
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Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Operational Guidelines - Payment of Interest
Posted Date : 07-Jun-2018 , 06:13:02 pm | Posted By: Manya
RBI/2017-2018/191
DBR.DEA Fund Cell.BCNo.110/30.01.002/2017-18
June 07, 2018
The Managing Director & CEO/
Chief Executive Officers
All Scheduled Commercial Banks (including RRBs)
Local Area Banks (LABs)
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks
Small Finance Banks/Payment Banks
Dear Sir/Madam,
Banking Regulation Act, 1949 – Section 26A
Depositor Education and Awareness Fund Scheme, 2014 –
Operational Guideline...
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RBI |
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Continuation of Interest Subvention Scheme for short-term crop loans on interim basis during the year 2018-19
Posted Date : 07-Jun-2018 , 06:11:56 pm | Posted By: Manya
RBI/2017-18/190
FIDD.CO.FSD.BC.No.21/05.04.001/2017-18
June 7, 2018
The Chairman / Managing Director & CEOs
All Public & Private Sector Scheduled Commercial Banks
Madam/Sir
Continuation of Interest Subvention Scheme for short-term crop loans on interim basis during the year 2018-19
Please refer to our circular FIDD.CO.FSD.BC.No.14/05.02.001/2017-18 dated August 16, 2017 on Interest Subvention Scheme for Short-term Crop Loans 2017-18 wherein we had advised the continuatio...
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RBI |
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Investment in the units of an infrastructure investment trust (InvIT)
Posted Date : 07-Jun-2018 , 06:10:30 pm | Posted By: Manya
RBI/2017-18/189DNBR (PD) CC.No.093/03.10.001/2017-18
June 07, 2018
Systemically Important Core Investment Companies (CIC-NDSI)
Madam/ Sir,
Investment in the units of an infrastructure investment trust (InvIT)by sponsor CIC-NDSI
In order to enable Systemically Important Core Investment Companies (CIC-NDSI) to act as a sponsor of InvITs, it has been decided to permit CIC-NDSIs to hold InvIT units only as a sponsor. Exposure of such CICs towards InvITs shall be limited to their holdings as spo...
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RBI |
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Review of margin requirements under the Liquidity Adjustment Facility and Marginal Standing Facility
Posted Date : 06-Jun-2018 , 09:19:32 pm | Posted By: CASANSAAR
RBI/2017-2018/188
FMOD.MAOG No.125/01.01.001/2017-18
June 6, 2018
All Scheduled Commercial Banks
(Excluding Regional Rural Banks),
Scheduled Urban Co-operative Banks and
Standalone Primary Dealers
Madam/Sir,
Review of margin requirements under the Liquidity Adjustment Facility and Marginal Standing Facility
Please refer to thecirculars FMD.MOAG No.77/01.01.001/2012-13 dated March 19, 2013andFMOD.MAOG No.117/01.01.001/2016-17 dated November 25, 2016.
2. Currently, the margin...
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RBI |
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Standing Liquidity Facility for Primary Dealers - RBI
Posted Date : 06-Jun-2018 , 09:15:18 pm | Posted By: CASANSAAR
RBI/2017-18/187
REF. No. MPD.BC. 383/07.01.279/2017-18
Jyeshtha 16, 1940 (Saka)
June 6, 2018
All Primary Dealers,
Standing Liquidity Facility for Primary Dealers
In theSecond Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC), the repo rate under the Liquidity Adjustment Facility (LAF) has been increased by 25 basis points to 6.25 per cent from 6.00 per cent with immediate effect.
2. Accordingly, the Standing Liquidity Facility provid...
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RBI |
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Encouraging formalisation of MSME sector - RBI
Posted Date : 06-Jun-2018 , 09:14:42 pm | Posted By: CASANSAAR
RBI/2017-18/186
DBR.No.BP.BC.108/21.04.048/2017-18
June 6, 2018
All banks and NBFCs regulated by the Reserve Bank of India
Madam / Dear Sir,
Encouraging formalisation of MSME sector
Please refer to thecircular DBR.No.BP.BC.100/21.04.048/2017-18 dated February 07, 2018.
2. Having regard to the input credit linkages and ancillary affiliations, it has now been decided to temporarily allow banks and NBFCs to classify their exposure, as per the 180 days past due criterion, to all M...
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RBI |
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Change in Bank Rate - RBI
Posted Date : 06-Jun-2018 , 09:13:55 pm | Posted By: CASANSAAR
RBI/2017-18/185
DBR.No.Ret.BC.107/12.01.001/2017-18
June 06, 2018
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.82/12.01.001/2017-18 dated August 02, 2017on the captioned subject.
2. As announced in theSecond Bi-Monthly Monetary Policy Statement 2018-19 dated June 06, 2018, the Bank Rate stands adjusted by 25 basis points from 6.25 per cent to 6.50 per cent with effect from June 0...
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Marginal Standing Facility - RBI
Posted Date : 06-Jun-2018 , 09:12:52 pm | Posted By: CASANSAAR
RBI/2017-2018/184
FMOD.MAOG.No.124/01.18.001/2017-18
June 6, 2018
All Scheduled Commercial Banks (excluding RRBs)
Madam/Sir,
Marginal Standing Facility
As announced in theSecond Bi-monthly Monetary Policy Statement, 2018-19, today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.0 per cent to6.25 per centwith immediate effect.
2. Consequent to the change in the R...
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RBI |
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Liquidity Adjustment Facility – Repo and Reverse Repo Rates - RBI
Posted Date : 06-Jun-2018 , 09:11:56 pm | Posted By: CASANSAAR
RBI/2017-2018/183
FMOD.MAOG. No.123 /01.01.001/2017-18
June 6, 2018
All Scheduled Commercial Banks (excluding RRBs),
Scheduled Urban Co-operative Banks and Standalone Primary Dealers
Madam/Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced in theSecond Bi-monthly Monetary Policy Statement, 2018-19, today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 25...
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RBI |
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Withdrawal of Exemptions Granted to Government Owned NBFCs - RBI
Posted Date : 01-Jun-2018 , 07:27:47 am | Posted By: CASANSAAR
RBI/2017-18/181
DNBR (PD) CC.No.092/03.10.001/2017-18
May 31, 2018
All Government NBFCs
Madam/ Sir,
Withdrawal of Exemptions Granted to Government Owned NBFCs
Government owned companies, as defined under Clause (45) of Section 2 of the Companies Act, 2013 (Section 617 of the Companies Act, 1956) and registered with the Reserve Bank of India as NBFCs, are currently exempt from following regulatory and statutory provisions:
(i) Sections 45-IB and 45-IC of the RBI Act, 1934.
(...
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RBI |
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Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines
Posted Date : 17-May-2018 , 06:01:10 pm | Posted By: Manya
RBI/2017-18/178
DBR.BP.BC.No.106/21.04.098/2017-18
May 17, 2018
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir/Madam,
Basel III Framework on Liquidity Standards –
Net Stable Funding Ratio (NSFR) – Final Guidelines
The Net Stable Funding Ratio (NSFR) and Liquidity Coverage Ratio (LCR) are significant components of the Basel III reforms. The LCR guidelines which promote short term resilience of a bank’s liquidity profile have been issued vide circular ...
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RBI |
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Setting up of IFSC Banking Units (IBUs) – Permissible activities
Posted Date : 17-May-2018 , 05:59:35 pm | Posted By: Manya
Setting up of IFSC Banking Units (IBUs) – Permissible activities
RBI/2017-18/177
DBR.IBD.BC. 105/23.13.004/2017-18
May 17, 2018
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam
Setting up of IFSC Banking Units (IBUs) – Permissible activities
Please refer to RBI 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).
2. In terms ...
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RBI |
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Revised guidelines on lending to Priority Sector for Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 10-May-2018 , 06:03:48 pm | Posted By: Manya
RBI/2017-18/175
DCBR.BPD (PCB).Cir.No.07/09.09.002/2017-18
May 10, 2018
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Dear Sir / Madam
Revised guidelines on lending to Priority Sector for Primary (Urban) Co-operative Banks (UCBs)
Please refer to our circular UBD.CO.BPD.(PCB).MC.No.18/09.09.001/2013-14 dated October 8, 2013 on the captioned subject and amendments thereto from time to time, consolidated in Master Circular DCBR.BPD.(PCB).MC.No:11/09.09.001/2015...
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RBI |
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Data Sharing with Directorate of Revenue Intelligence
Posted Date : 04-May-2018 , 10:43:01 am | Posted By: Manya
RBI/2017-18/173
A.P. (DIR Series) Circular No. 28
May 03, 2018
To
All Category - I Authorised Dealer Banks
Madam/ Sir
Data Sharing with Directorate of Revenue Intelligence
Attention of Authorised Dealer Category I (AD Category I) banks is invited to provisions contained in Sections 108 A and 108 B of the Customs Act, 1962 and the Rules notified thereunder vide GSR 1512 (E) Notification No. 114/2017-Customs (N.T) dated December 14, 2017. All AD Category I banks are advised to e...
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RBI |
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Guidelines on Stripping/Reconstitution of Government Securities
Posted Date : 04-May-2018 , 10:40:55 am | Posted By: Manya
RBI/2017-18/171
IDMD.GBD.2783/08.08.016/2018-19
May 3, 2018
All Market Participants
Dear Sir/Madam,
Guidelines on Stripping/Reconstitution of Government Securities
Please refer to paragraph 7 of the Statement on Regulatory and Developmental Policies announced on April 5, 2018 regarding review of the mechanism of the Separate Trading of Registered Interest and Principal of Securities (STRIPS) which was introduced w.e.f. April 1, 2010.
2. With a view to meeting the diverse needs...
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RBI |
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Investment by Foreign Portfolio Investors (FPI) in Debt - Review
Posted Date : 28-Apr-2018 , 06:57:22 am | Posted By: CASANSAAR
RBI/2017-18/168
A.P. (DIR Series) Circular No. 24
April 27, 2018
To
All Authorized Persons
Madam / Sir
Investment by Foreign Portfolio Investors (FPI) in Debt - Review
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time and the re...
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RBI |
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Master Direction - Know Your Customer (KYC) Direction, 2016
Posted Date : 21-Apr-2018 , 09:56:45 am | Posted By: Manya
RBI/DBR/2015-16/18
Master Direction DBR.AML.BC.No.81/14.01.001/2015-16
February 25, 2016
(Updated as on April 20, 2018)
Master Direction - Know Your Customer (KYC) Direction, 2016
In terms of the provisions of Prevention of Money-Laundering Act, 2002 and the
Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, Regulated
Entities (REs) are required to follow certain customer identification procedures while
undertaking a transaction either by establishing an account based r...
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