RBI/2017-18/71 IDMD.CDD.No.929/14.04.050/2017-18 October 06, 2017 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 Government of India has vide its Notification F.No. 4(25)-B/(W&M)/2017 dated October 06, 2017announced that the Sovereign Gold Bond Scheme...

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RBI/2017-18/70 DBR.No.Ret.BC.90/12.02.001/2017-18 October 4, 2017 All Commercial Banks, Primary (Urban) Co-operative Banks (UCBs) State and Central Co-operative Banks (StCBs/CCBs) Madam/Dear Sir, Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of SLR and holdings of SLR in HTM category Please refer to ourcirculars DBR.No.BP.BC.65/21.04.141/2015-16 dated December 10, 2015andDBR.No.Ret.BC.71/12.01.001/2016-17 dated June 7, 2017on the captioned s...

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RBI/2017-18/66 DBR.No.FSD.BC.89/24.01.040/2017-18 September 25, 2017 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Amendments to Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 Considering the suggestions and queries received from SEBI, banks and other stakeholders, Reserve Bank of India has decided to make certain amendments toMaster Direction - Reserve Bank of India (Financial Services provided by Banks) Direct...

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RBI/2017-18/64 A.P. (DIR Series) Circular No. 05 September 22, 2017 To All Category - I Authorised Dealer Banks Madam / Sir, Investment by Foreign Portfolio Investors in Corporate Debt Securities – 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, 20...

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RBI/2017-18/61 FIDD.CO.Plan.BC 16/04.09.01/2017-18 September 21, 2017 The Chairman/ Managing Director Chief Executive Officer [All Domestic Scheduled Commercial Banks (excluding Regional Rural Banks & Small Finance Banks)] Dear Sir/ Madam, Priority Sector Lending - Targets and Classification: Lending to non-corporate farmers – System wide average of last three years ...

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RBI/2017-18/63 FMRD.FMID No.3/02.05.002/2017-18 September 21, 2017 To, All Authorised Dealer – Category I Banks Madam/Sir, Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives Attention of Authorised Dealer Category – I (AD Category-I) banks is invited tocircular no.FMD.MSRG.No.75/02.05.002/2012-13 dated March 13, 2013on the captioned subject wherein a threshold of USD 1 million, and equivalent thereof in other currencies, was stipulated for repo...

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RBI/2017-18/55 DGBA.GBD.No.505/31.02.007/2017-18 September 7, 2017 All Agency Banks Dear Sir / Madam Reimbursement of Merchant Discount Rate (MDR) Charges for Government transactions up to Rs.1 lakh through debit cards Please refer toCircular No. DGBA.GAD.No.2128/44.02.001/2016-17 dated February 16, 2017, read with the OM No. S-11012(1(12)/MDR/2017/RBD/824-894 dated May 11, 2017 issued by O/o the CG...

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RBI/2017-18/48 FIDD.CO.FSD.BC.No.14/05.02.001/2017-18 August 16, 2017 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 year 2017-18 Please refer to our circularFIDD CO.FSD.BC.No.29/05.02.001/2016-17 dated May 25, 2017conveying continuation of Interest Subvention Scheme on the interim basis. In this regard, it is advised that Government of India ha...

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RBI/2017-18/47 DCBR.BPD.PCB.Cir.No.03/09.18.300/2017-18 August 16, 2017 Chief Executive Officers All Primary (Urban) Co-operative Banks Madam / Dear Sir, Core Banking Solution (CBS) Requirements for Urban Co-operative Banks (UCBs) Please refer to ourcircular DCBR.CO.PCB.Cir.No.14/09.18.300/2015-16 dated April 13, 2016announcing the Scheme for providing financial assistance to urban co-operative banks for implementation of Core Banking Solution (CBS). 2. As stated therein, a d...

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RBI/2017-18/43 FMRD.DIRD.2/14.01.002/2017-18 August 10, 2017 To All market participants Dear Sir/Madam Reserve Bank Commercial Paper Directions, 2017 Reserve Bank had issued draft directions on Commercial Paper for public comments on February 02, 2017. Taking into account the comments received, The Reserve Bank Commercial Paper Directions, 2017 have been finalised andenclosedherewith. Yours faithfully (T. Rabi Sankar) Chief General Manager...

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RBI/2017-18/42 FMRD.DIRD.4/14.03.024/2017-18 August 10, 2017 To All market participants Dear Sir/Madam Tri-Party Repo (Reserve Bank) Directions, 2017 Please refer to Paragraph 6 of thestatement on Developmental and Regulatory Policies, Reserve Bank of India issued as part of thethird Bi-monthly Monetary Policy Statement for 2017-18 dated August 2, 2017regarding introduction of tri-party repos. 2. The draft tri-party directions were released for public comments on April 11, ...

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RBI/2017-18/41 A .P. (DIR Series) Circular No. 3 August 10, 2017 To All Authorised Dealer Category - I Banks Madam / Sir, Risk Management and Interbank Dealings- Reports to the Reserve Bank Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000) andMaster Directions on Risk Manag...

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RBI/2017-18/39 DGBA.GBD.No.279/31.02.007/2017-18 August 3, 2017 All Agency Banks Dear Sir / Madam Government Banking - Issue of Letters of Credit and Bank Guarantee Please refer to Circular No. DGBA.GAD.No.H.6254/31.03.002/2011-12 dated March 28, 2012 regarding procedure relating to Letter of Credit (LC) enclosing a copy of letter dated November 30, 2011 issued by the Office of Controller General of Account. 2. A review has been undertaken on the entire gamut of LC/BG transact...

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RBI/2017-18/36 DBR.BP.BC.No. 81/21.04.098/2017-18 August 02, 2017 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standard Please refer to our circularDBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014“Basel III Framework on Liquidity ...

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RBI/2017-18/35 DBR.CID.BC.No.79/20.16.042/2017-18 August 2, 2017 All Credit Information Companies Dear Sir/Madam Issue of comprehensive Credit Information Reports Please refer to para (v) of Annex IV to ourcircular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014advising Credit Information Companies (CICs) to include information on all accounts, both current and past, of a customer having mu...

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RBI/2017-18/34 DBR.No.Ret.BC.82/12.01.001/2017-18 August 02, 2017 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.58/12.01.001/2016-17 dated April 06, 2017on the captioned subject. 2. As announced in theThird Bi-Monthly Monetary Policy Statement 2017-18 dated August 02, 2017, the Bank Rate stands adjusted by 25 basis points from 6.50 per cent to 6.25 per cent with effect from August...

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RBI/2017-2018/33 REF.No.MPD.BC.382/07.01.279/2017-18 Shravana 11,1939 (Saka) August 2, 2017 To All Primary Dealers Dear Sir/Madam, Standing Liquidity Facility for Primary Dealers Please refer to theThird Bi-monthly Monetary Policy Statement, 2017-18 - Resolution of the Monetary Policy Committee (MPC), in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect. 2...

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RBI/2017-2018/32 FMOD.MAOG. No 121/01.01.001/2017-18 August 2, 2017 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 theThird Bi-monthly Monetary Policy Statement, 2017-18, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis po...

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RBI/2017-2018/31 FMOD.MAOG. No. 122/01.18.001/2017-18 August 2, 2017 All Scheduled Commercial Banks (excluding RRBs) Scheduled UCBs & PDs Madam / Sir, Marginal Standing Facility As announced in theThird Bi-monthly Monetary Policy Statement, 2017-18, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to6.0 per centwith immediate effect. Consequent to th...

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RBI/2017-18/29 DBS.ARS.BC.04/08.91.001/2017-18 July 27, 2017 The Chief Executive Officers All Indian Private Sector Banks/ All Foreign Banks operating in India Dear Sir/Madam, Appointment of Statutory Central Auditors (SCAs) – modification of rest period Please refer to DBS.No.ARS.BC.8/08.91.001/2000-2001 dated January 30, 2001 addressed to private sector banks in terms of which, inter alia, an audit firm, subject to its fulfilling the prescribed eligibility norms will be ...

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As you are aware, the Reserve Bank of India has, from time to time, issued a number of guidelines / instructions / circulars / directives to banks in the matters relating to lending to Micro, Small & Medium Enterprises Sector. TheMaster Directionenclosed incorporates the updated guidelines / instructions / circulars on the subject. The list of circulars consolidated in this Master Direction is indicated in theAppendix. The Direction will be updated from time to time as and when fresh instruc...

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RBI/2017-18/26 DCM (FNVD) G – 4/16.01.05/2017-18 July 20, 2017 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-6/16.01.05/2016-17 dated July 20, 2016consolidating the instructions issued till July 20, 2016, relating to Detection and Impounding of Counterfeit Notes. TheMaster Circ...

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Government of India hereby notifies sale (re-issue) 6.57 percent Government Stock 2033 of for an aggregate amount of₹ 2,000crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F. No. 4 (13)–W&M/2008, dated October 8, 2008 issued by Government of India. Method of Issue2. The Stock will be sold through Reserve Bank of India...

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Government of India hereby notifies sale (re-issue) of 6.79 percent Government Stock 2029 for an aggregate amount of₹ 7,000crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F. No. 4 (13)–W&M/2008, dated October 8, 2008 issued by Government of India. Method of Issue2. The Stock will be sold through Reserve Bank of India...

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Government of India hereby notifies sale (re-issue) of‘6.84 percent Government Stock 2022’(hereinafter called 'the Stock') for an aggregate amount of₹ 3,000 crore(nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F. No. 4 (13)–W&M/2008, dated October 8, 2008 issued by Government of India. Method of Issue2. The Sto...

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Government of India has offered to sell (re-issue) four dated securities for notified amount ofRs 15,000 croreas per the following details: Sr No Security Notified Amount(in Rs crore) GoI Notification Auction Date Settlement date 1 6.84% GS 2022 3,000 4(7)-W&M/2017dated July 17, 2017. July 21, 2017(Friday) July 24, 2017(Monday) 2 6.79% GS 2029 7,000 4(7)-W&M/2017(i)dated July 17, 2017. 3 6.57% GS 2033 2,000 4(7)-W&M/2017(ii)dated July 17, 2017. ...

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RBI/2017-18/24 DCBR.BPD.(PCB/RCB).Cir.No.02/12.05.001/2017-18 July 13, 2017 The Chief Executive Officer All Primary (Urban) Co-operative Banks/ All State Co-operative Banks/ All District Central Co-operative Banks Dear Sir/Madam, Recording of Details of Transactions in Passbook/Statement of Account by Co-operative Banks Please refer to ourcircular UBD.CO.BPD.(PCB).No.18/12.05.001/2010-11 dated October 26, 2010and para 4.6.3 of Annex to ourcircular RPCD.CO.RCB.BC.No.36/07.51.01...

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RBI/2017-18/23 FIDD.FLC.BC.No.11/12.01.018/2017-18 July 13, 2017 To Chairman/MD & CEO Scheduled Commercial Banks (Including RRBs & Small Finance Banks) Dear Sir/Madam, Financial Literacy by FLCs (Financial Literacy Centres) and rural branches - Revision in funding limits, Audio-visual content and provision of hand held projectors Please refer to ourcircular FIDD.FLC.BC.No.22/12.01.018/2016-17 dated March 2, 2017on policy review of guidelines for FLCs and rural branches ...

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RBI/2017-18/22 DGBA.GBD. 69/15.02.005/2017-18 July 13, 2017 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to ourcircular DGBA.GAD.2618/15.02.005/2016-17 dated April 6, 2017on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated June ...

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RBI/2017-18/21 FIDD.MSME & NFS.BC.No.10/06.02.31/2017-18 July 13, 2017 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir / Madam, Investment in plant and machinery for the purpose of classification as Micro, Small and Medium Enterprises – documents to be relied upon Please refer to ourMaster Direction FIDD.MSME&NFS.3/06.02.31/2016-17 dated July 21, 2016on ...

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