| Notifications/Circulars |
Category : 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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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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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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RBI |
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Sovereign Gold Bond Scheme 2018-19 Series-I, Operational Guidelines
Posted Date : 14-Apr-2018 , 10:09:56 am | Posted By: Manya
RBI/2017-18/164
IDMD.CDD.No.2652/14.04.050/2017-18
April 13 2018
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 2018-19 Series-I, Operational Guidelines
This has reference to the GoI notification F.No.4(8)-W&M/2018 and RBI circular IDMD.CDD.No.2651/14....
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Sovereign Gold Bond Scheme 2018-19 Series I
Posted Date : 14-Apr-2018 , 10:07:18 am | Posted By: Manya
RBI/2017-18/163
IDMD.CDD.No.2651/14.04.050/2017-18
April 13, 2018
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 2018-19 Series I
Government of India has vide its Notification F.No.4(8)-W&M/2018 dated April 13, 2018 announced that the Sovereign Gold ...
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RBI |
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Cassette - Swaps in ATMs
Posted Date : 13-Apr-2018 , 10:03:58 am | Posted By: Manya
RBI/2017-18/162
DCM (Plg.) No. 3641/10.25.007/2017-18
April 12, 2018
The Chairman and Managing Director/
Chief Executive Officer
All Banks
Dear Sir,
Cassette - Swaps in ATMs
As stated in para 15 of the monetary policy statement dated October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director] to review the entire gamut of security of the treasure in transit. The recommendations of the Committee have been exami...
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RBI |
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Liberalised Remittance Scheme (LRS) for Resident Individuals – daily reporting of transactions
Posted Date : 13-Apr-2018 , 10:02:52 am | Posted By: Manya
RBI/2017-18/161
A.P. (DIR Series) Circular No. 23
April 12, 2018
To
All Category - I Authorised Dealer Banks
Madam / Sir
Liberalised Remittance Scheme (LRS) for Resident Individuals – daily reporting of transactions
Please refer to the announcement made in para 10 of Part II of the First Bi Monthly Monetary Policy Statement 2018-19 dated April 05, 2018.
2. Currently, transactions under Liberalised Remittance Scheme (LRS) are being permitted by AD banks based on the de...
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RBI |
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Interest rates for Small Savings Schemes
Posted Date : 12-Apr-2018 , 05:53:06 pm | Posted By: Manya
RBI/2017-18/160
DGBA.GBD. 2573/15.02.005/2017-18
April 12, 2018
The Chairman/Chief Executive Officer
Agency Banks handling Small Saving Schemes
Dear Sir
Interest rates for Small Savings Schemes
Please refer to our circular DGBA.GBD.1781/15.02.005/2017-18 dated January 11, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated March 28, 2018 has stated that the interest rates on Small Savings Schemes for the fir...
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RBI |
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RBI Reference Rate for US $
Posted Date : 10-Apr-2018 , 02:33:37 pm | Posted By: Manya
The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.9368 on April 10, 2018.
The corresponding rate for the previous day (April 09, 2018) was ₹ 64.9287.
Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given below:
...
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RBI |
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Money Market Operations as on April 09, 2018
Posted Date : 10-Apr-2018 , 11:28:13 am | Posted By: Manya
...
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RBI |
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Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations
Posted Date : 10-Apr-2018 , 11:26:28 am | Posted By: Manya
The result of the RBI Fixed Rate Reverse Repo Operations held on April 09, 2018 is as under:...
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RBI |
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Storage of Payment System Data
Posted Date : 07-Apr-2018 , 10:20:00 am | Posted By: Manya
RBI/2017-18/153
DPSS.CO.OD No.2785/06.08.005/2017-2018
6 April 2018
The Chairman and Managing Director / Chief Executive Officers,
Authorised Payment Systems /
All Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks /Payment Banks / Small Finance Banks and Local Area Banks
Madam / Sir,
Storage of Payment System Data
Please refer to paragraph 4 of the Statement on Development and Regulatory Polic...
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RBI |
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Action Points for Lead Banks on Enhancing the Effectiveness of Lead District Managers (LDMs)
Posted Date : 07-Apr-2018 , 10:13:53 am | Posted By: Manya
RBI/2017-2018/156
FIDD.CO.LBS.BC.No.20/02.01.001/2017-18
April 6, 2018
The Chairmen/Managing Directors/Chief Executive Officers
All Lead Banks
Madam/ Dear Sir,
Action Points for Lead Banks on Enhancing the Effectiveness of Lead District Managers (LDMs)
As you are aware, the Lead Bank Scheme was last reviewed by the “High Level Committee” under Smt Usha Thorat, then Deputy Governor of Reserve Bank of India, as the Chairperson in 2009. In view of changes that have take...
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Revamp of Lead Bank Scheme - Action Points for SLBC Convenor Banks/ Lead Banks
Posted Date : 07-Apr-2018 , 10:12:27 am | Posted By: Manya
RBI/2017-2018/155
FIDD.CO.LBS.BC.No.19/02.01.001/2017-18
April 6, 2018
The Chairmen/Managing Directors/Chief Executive Officers
All SLBC Convenor Banks/ Lead Banks
Madam/Dear Sir,
Revamp of Lead Bank Scheme - Action Points for SLBC Convenor Banks/ Lead Banks
As you are aware, the Lead Bank Scheme (LBS) was last reviewed by the “High Level Committee” under Smt Usha Thorat, then Deputy Governor of Reserve Bank of India as the Chairperson in 2009. In view of changes tha...
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RBI |
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Cash Management activities of the banks Standards for engaging the Service Provider and its sub-contractor
Posted Date : 07-Apr-2018 , 10:09:00 am | Posted By: Manya
RBI/2017-18/152
DCM (Plg) No.3563/10.25.07/2017-18
April 06, 2018
The Chairman / Managing Director / Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks /
Regional Rural Banks / Primary (Urban) Co-operative Banks /
State Co-operative Banks / District Central Co-operative Banks.
Madam / Dear Sir,
Cash Management activities of the banks
Standards for engaging the Service Provider and its sub-contractor
It was announced vide para 11 of the Stateme...
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RBI |
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Prohibition on dealing in Virtual Currencies (VCs)
Posted Date : 07-Apr-2018 , 10:03:26 am | Posted By: Manya
RBI/2017-18/154
DBR.No.BP.BC.104 /08.13.102/2017-18
April 6, 2018
All Commercial and Co-operative Banks /Payments Banks/Small Finance Banks /
NBFCs / Payment System Providers
Madam / Dear Sir,
Prohibition on dealing in Virtual Currencies (VCs)
Reserve Bank has repeatedly through its public notices on December 24, 2013, February 01, 2017 and December 05, 2017, cautioned users, holders and traders of virtual currencies, including Bitcoins, regarding various risks associated in dea...
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RBI |
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Comprehensive Guidelines on Derivatives: Modifications
Posted Date : 07-Apr-2018 , 10:02:13 am | Posted By: Manya
RBI/2017-18/151
DBR.No.BP.BC.103/21.04.157/2017-18
April 6, 2018
The Chairman and Managing Directors/ Chief Executive Officers of
All Scheduled Commercial Banks (excluding RRBs and LABs),
All India Term-Lending & Refinancing Institutions &
Primary Dealers
Dear Sir,
Comprehensive Guidelines on Derivatives: Modifications
Please refer to para 8.3 of the circular DBOD No.BP.BC.44/21.04.157/2011-12 dated November 2, 2011, in terms of which ‘user suitability and approp...
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RBI |
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Investment by Foreign Portfolio Investors (FPI) in Government Securities -
Posted Date : 07-Apr-2018 , 10:00:42 am | Posted By: Manya
RBI/2017-18/150
A.P.(DIR Series) Circular No. 22
April 06, 2018
To
All Authorized Persons
Madam / Sir
Investment by Foreign Portfolio Investors (FPI) in Government Securities -
Medium Term Framework – 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 vide Notification No. FEMA.20/2000-RB dated May ...
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RBI |
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RBI defers implementation of Ind AS for banks by one year
Posted Date : 06-Apr-2018 , 09:49:33 am | Posted By: CASANSAAR
This Statement sets out various developmental and regulatory policy measures for strengthening regulation and supervision; broadening and deepening financial markets; improving currency management; promoting financial inclusion and literacy; and, facilitating data management.
I. Regulation and Supervision
1. Mandatory Loan Component in Working Capital Finance
With a view to promoting greater credit discipline among working capital borrowers, it is proposed to stipulate a minimum level o...
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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 : 02-Apr-2018 , 05:11:52 pm | Posted By: Manya
RBI/2017-18/147
DBR.No.BP.BC.102/21.04.141/2017-18
April 2, 2018
All Scheduled Commercial Banks
(Excluding Regional Rural Banks),
Small Finance Banks
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 Master Circular DBR.No.BP.BC.6/21.04.141/2015-16 dated July 1, 2015 on the captioned subject. Banks are required to mar...
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RBI |
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Special Clearing operations on March 31, 2018
Posted Date : 28-Mar-2018 , 06:16:30 pm | Posted By: Manya
RBI/2017-18/145
DPSS.CO.CHD.No./2707/03.01.03/2017-18
March 28, 2018
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,...
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RBI |
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Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2017-18)
Posted Date : 27-Mar-2018 , 05:05:19 pm | Posted By: Manya
RBI/2017-18/144
DGBA.GBD.No.2388/42.01.029/2017-18
March 27, 2018
All agency banks
Dear Sir / Madam
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2017-18)
The Government of India has desired that all government transactions with banks for Financial Year 2017-18 must be accounted for within the same financial year and has requested that, as in previous years, certain special arrang...
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Implementation of UNSCR 2397 (2017), pertaining to Democratic People's Republic of Korea (DPRK)
Posted Date : 24-Mar-2018 , 10:21:09 am | Posted By: Manya
RBI/2017-18/143
DBR.AML.No.8528/14.06.056/2017-18
March 23, 2018
All Regulated Entities
Dear Sir/Madam,
Implementation of UNSCR 2397 (2017), pertaining to Democratic People's Republic of Korea (DPRK)
Please find enclosed a copy of the ‘Order’ issued by Ministry of External Affairs dated March 5, 2018, published in the Gazette of India on implementation of United Nations Security Council Resolutions 2397 (2017) on Democratic People’s Republic of Korea.
2. Regu...
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RBI |
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Reporting and Accounting of Central Government Transactions of March 2018
Posted Date : 19-Mar-2018 , 06:44:09 am | Posted By: Manya
RBI/2017-18/142
DGBA.GBD.No.2324/42.01.029/2017-18
March 19, 2018
All Agency Banks
Dear Sir / Madam,
Reporting and Accounting of Central Government Transactions of March 2018
Please refer to Circular DGBA.GAD.No. 2376/42.01.029/2016-17 dated March 16, 2017 advising 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 y...
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Submission of returns by the Government-owned Non-Banking Financial Companies - RBI
Posted Date : 15-Mar-2018 , 09:55:39 pm | Posted By: CASANSAAR
RBI/2017-18/141
DNBS.PD.CC.No.1925/66.08.001/2017-18
March 15, 2018
To
All Government-Owned Non-Banking Financial Companies (NBFCs)
Madam/ Sir,
Submission of returns by the
Government-owned Non-Banking Financial Companies
In exercise of the powers conferred by sections 45JA, 45K and 45L of the Reserve Bank of India Act, 1934 (hereinafter referred to as the RBI Act), it has been decided to apply theMaster Direction – Non-Banking Financial Company Returns (Reserve Bank) D...
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Agency commission payable to banks for operating Special Deposit Scheme (SDS)
Posted Date : 15-Mar-2018 , 09:54:51 pm | Posted By: CASANSAAR
RBI/2017-18/140
DGBA.GBD.2294/15.01.001/2017-18
March 15, 2018
All Agency Banks handling Special Deposit Scheme
Dear Sir,
Agency commission payable to banks for operating Special Deposit Scheme (SDS)
Please refer to para 2 of ourMaster Circular RBI/2017-18/2 dated July 1, 2017on Conduct of Government Business by Agency Banks- Payment of Agency Commission where in it is mentioned that SDS transactions undertaken by agency banks are eligible for agency commission.
2. In this...
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Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits
Posted Date : 13-Mar-2018 , 08:30:00 pm | Posted By: CASANSAAR
RBI/2017-18/139
A.P. (DIR Series) Circular No. 20
March 13, 2018
All Authorised Dealer Category – I Banks
Madam/ Sir
Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits
Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to paragraph 2 ofA.P. (DIR Series) Circular No. 24 dated November 1, 2004andparagraph No. 5.5of Master Direction No.5 dated January 1, 2016 on ‘External Commercial Borrowings, ...
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