Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions
Posted Date : 07-Jul-2017 , 08:12:26 am | Posted By: CASANSAAR
RBI/2017-18/15
DBR.No.Leg.BC.78/09.07.005/2017-18
July 6, 2017
All Scheduled Commercial Banks (including RRBs)
All Small Finance Banks and Payments Banks
Dear Sir/ Madam,
Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions
Please refer to ourcircular DBOD.Leg.BC.86/09.07.007/2001-02 dated April 8, 2002regarding reversal of erroneous debits arising from fraudulent or other transactions.
2. With the increased thrust on fin...
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Small Finance Banks – Compendium of Guidelines on Financial Inclusion and Development
Posted Date : 07-Jul-2017 , 08:11:43 am | Posted By: CASANSAAR
RBI/2017-18/14
FIDD.CO.SFB.No.9/04.09.001/2017-18
July 6, 2017
The Chairman/ Managing Director/
Chief Executive Officer
Small Finance Banks
Dear Sir/Madam,
Small Finance Banks – Compendium of Guidelines on Financial Inclusion and Development
In view of the announcement made in the budget 2014-15 regarding creation of a framework for licensing small banks, and to give a thrust to the supply of credit to micro and small enterprises, agriculture and banking services in unban...
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Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework – Review
Posted Date : 04-Jul-2017 , 08:46:51 am | Posted By: CASANSAAR
RBI/2017-18/12
A.P.(DIR Series) Circular No. 48
July 3, 2017
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 videNotification No. FEMA.20/2000-RB dated May 3, 20...
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Master Circular on SHG-Bank Linkage Programme
Posted Date : 04-Jul-2017 , 08:46:05 am | Posted By: CASANSAAR
RBI/2017-18/11
FIDD.FID.BC.No.02/12.01.033/2017-18
July 03, 2017
The Chairman/ Managing Director/
Chief Executive Officer
All Scheduled Commercial Banks
Madam/ Dear Sir
Master Circular on SHG-Bank Linkage Programme
The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on SHG-Bank Linkage Programme. In order to enable the banks to have instructions at one place, theMaster Circularincorporating the existing guidelines/instructions o...
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Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Posted Date : 04-Jul-2017 , 08:45:23 am | Posted By: CASANSAAR
RBI/2017-18/10
FIDD.GSSD.CO.BC.No.04/09.01.01/2017-18
July 01, 2017
The Chairman/ Managing Director & CEO
All Scheduled Commercial Banks
Dear Sir/Madam,
Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Please refer to theMaster Circular FIDD.GSSD.CO.BC.No.07/09.01.01/2016-17 dated July 01, 2016consolidating guidelines / instructions / directions issued to banks with regards to Deendayal Antyodaya Yojana - National Rural Livel...
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Master Circular – Lead Bank Scheme
Posted Date : 04-Jul-2017 , 08:44:34 am | Posted By: CASANSAAR
RBI/2017-2018/8
FIDD.CO.LBS.BC.No.1/02.01.001/2017-18
July 3, 2017
The Chairman and Managing Director/Chief Executive Officer
SLBC Convenor Banks/Lead Banks
Dear Sir/Madam
MASTER CIRCULAR – Lead Bank Scheme
The Reserve Bank of India has issued guidelines on Lead Bank Scheme from time to time. ThisMaster Circularconsolidates the relevant guidelines issued by Reserve Bank of India on Lead Bank Scheme up to June 30, 2017 as listed in the Appendix.
2. This Master Circular h...
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Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
Posted Date : 04-Jul-2017 , 08:44:00 am | Posted By: CASANSAAR
RBI/2017-18/7
FIDD.CO.GSSD.BC.No.06/09.09.001/2017-18
July 01, 2017
The Chairman / Managing Director & CEO
All Scheduled Commercial Banks
Dear Sir,
Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
Please refer to theMaster Circular FIDD.CO.GSSD.BC.No.03/09.09.001/2016-17 dated July 01, 2016consolidating guidelines / Instructions / directions issued to banks with regard to providing credit facilities to Scheduled Castes (SCs) and Sche...
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Master Circular- Credit Facilities to Minority Communities
Posted Date : 04-Jul-2017 , 08:43:14 am | Posted By: CASANSAAR
RBI/2017-2018/6
FIDD.GSSD.BC.No.05/09.10.01/2017-18
July 01, 2017
The Chairman/ Managing Director
All Scheduled Commercial Banks
(Excluding RRBs and Foreign banks with less than 20 branches)
Dear Sir,
Master Circular- Credit Facilities to Minority Communities
Please refer to ourMaster Circular FIDD.GSSD.BC.No.01/09.10.01/2016-17 dated July 01, 2016(Updated as on September 29, 2016), co...
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Master Circular – Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM)
Posted Date : 04-Jul-2017 , 08:42:36 am | Posted By: CASANSAAR
RBI/2017-18/5
FIDD.GSSD.CO.BC.No.03/09.16.03/2017-18
July 1, 2017
The Chairman/ Managing Director & CEO
All Scheduled Commercial Banks
Dear Sir/Madam,
Master Circular – Deendayal Antyodaya Yojana –
National Urban Livelihoods Mission (DAY-NULM)
Reserve Bank of India has periodically issued instructions to banks with regard to operationalisation of the Government of India’s National Urban Livelihoods Mission (DAY-NULM). The Ministry of Housing & Urban Po...
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Master Circular - Kisan Credit Card (KCC) Scheme
Posted Date : 04-Jul-2017 , 08:41:54 am | Posted By: CASANSAAR
RBI/2017-18/4
FIDD.CO.FSD.BC.No.7/05.05.010/2017-18
July 3, 2017
The Chairman / Managing Director /Chief Executive Officer
All Scheduled Commercial Banks (including Small Finance Banks and excluding RRBs)
Madam/Sir,
Master Circular - Kisan Credit Card (KCC) Scheme
The Reserve Bank of India has issued guidelines on Kisan Credit Card (KCC) scheme from time to time. This Master Circular consolidates the relevant guidelines issued by the Bank on Kisan Credit Card scheme upto June 30...
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Master Circular – Facility for Exchange of Notes and Coins
Posted Date : 04-Jul-2017 , 08:41:15 am | Posted By: CASANSAAR
RBI/2017-18/3
DCM(NE)No.G - 1/08.07.18/2017-18
July 03, 2017
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-1/08.07.18/2016-17 dated July 18, 2016containing instructions on the facility for exchange of notes and coins. A revised version of Master Circular on the subject isannexedfor your information...
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Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
Posted Date : 04-Jul-2017 , 08:40:21 am | Posted By: CASANSAAR
RBI/2017-18/2
DGBA.GBD.No.2/31.12.010/2017-18
July 1, 2017
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/2015-16/81 dated July 1, 2015on 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, 2017.
2. A copy of the revisedMaster Circu...
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Master Circular - Disbursement of Government Pension by Agency Banks
Posted Date : 04-Jul-2017 , 08:39:45 am | Posted By: CASANSAAR
RBI/2017-18/1
DGBA.GBD.No.-1/31.05.001/2017-18
July 1, 2017
All Agency Banks
Dear Sir/Madam
Master Circular - Disbursement of Government Pension by Agency Banks
Please refer to ourMaster Circular RBI/2015-16/63 dated July 1, 2015on 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, 2017.
2. A copy of the revisedMaster Circularis enclosed for your infor...
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Payment of agency commission for government receipts
Posted Date : 23-Jun-2017 , 06:55:51 am | Posted By: CASANSAAR
RBI/2016-17/327
DGBA.GBD.No.3333/31.02.007/2016-17
June 22, 2017
All Agency Banks
Dear Sir / Madam
Payment of agency commission for government receipts
Please refer toCircular No. DGBA.GAD.7575/31.12.011/2011-12 dated May 22, 2012regarding the rationalisation and revision of agency commission payable to agency banks on government transactions undertaken by them.
2. As you are aware, the agency commission on government receipts is paid by Reserve Bank per transaction basis. In ...
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Recording of Details of Transactions in Passbook/ Statement of Account
Posted Date : 23-Jun-2017 , 06:54:58 am | Posted By: CASANSAAR
RBI/2016-17/326
DBR.No.Leg.BC.76/09.07.005/2016-17
June 22, 2017
All Scheduled Commercial Banks (including RRBs)
All Small Finance Banks and Payments Banks
Dear Sir/ Madam,
Recording of Details of Transactions in Passbook/ Statement of Account
Please refer to instructions contained in Paragraphs 6 and 7 of ourcircular DBOD.No.Leg.BC.74/09.07.005/2003-04 dated April 10, 2004on "Committee on Procedures and Performance Audit on Public Services - Report No. 3 - Banking Operatio...
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Deposit of specified bank notes with Reserve Bank of India
Posted Date : 22-Jun-2017 , 06:55:25 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 20th June, 2017
G.S.R. 611(E).-In exercise of the powers conferred by sub-section (1) of Section 11 of the Specified Bank Notes (Cessation of Liabilities) Act, 2017 ( 2 of 2017), the Central Government hereby makes the following rules, namely:-
1. Short title and commencement.-
(1) These rules may be called the Specified Bank Notes (Deposit by Banks, Post Offices and District Central Cooperative ...
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Formation of a new district in the State of West Bengal - Assignment of Lead Bank Responsibility
Posted Date : 16-Jun-2017 , 11:05:41 am | Posted By: Md Irsad Alam
The Government of West Bengal vide Gazette Notification dated February 07, 2017 notified the creation of a new district “Kalimpong” by redefining the limits of Darjeeling District of West Bengal. It has been decided to assign the lead bank responsibility of this new district to State Bank of India as detailed below:-
Sr No
Newly carved district
Erstwhile District
Sub-division under the newly created district
Lead Bank Responsibility assigned to
District Working Code allot...
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Period for Submission of Agency Commission Claims - RBI
Posted Date : 16-Jun-2017 , 08:36:14 am | Posted By: CASANSAAR
RBI/2016-17/322
DGBA.GBD.No.3262/31.02.007/2016-17
June 15, 2017
All Agency Banks
Dear Sir
Period for Submission of Agency Commission Claims
Please refer to circular No.DGBA.GAD.1031/31.12.010/98-99 dated May 6, 1999 wherein all agency banks were advised to submit their eligible agency commission claims to the Reserve Bank of India within two quarters from the end of the quarter during which the transactions have been conducted.
2. On a review, it has now been decided to reduc...
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Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies – INFOMERICS Valuation and Rating Pvt Ltd. (INFOMERICS)
Posted Date : 14-Jun-2017 , 04:30:47 pm | Posted By: Md Irsad Alam
Please refer to theMaster Circular DBR.No.BP.BC.4./21.06.001/2015-16 dated July 1, 2015on 'Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF)'.
2. In terms of para 6 of the circular, six domestic credit rating agencies viz. CARE, CRISIL, FITCH India, ICRA, Brickwork Ratings and SMERA have been accredited for the purpose of risk weighting the banks' claims for capital adequacy purposes. The long term and short term ratings issued by these dome...
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Aligning roadmap for unbanked villages having population more than 5000 with revised guidelines on Branch Authorisation Policy
Posted Date : 09-Jun-2017 , 09:22:40 am | Posted By: CASANSAAR
RBI/2016-17/320
FIDD.CO.LBS.BC.No 31/02.01.001/2016-17
June 8, 2017
The Chairman and Managing Director/ Chief Executive Officer
SLBC Convenor Banks
Dear Sir,
Aligning roadmap for unbanked villages having population more than 5000 with revised guidelines on Branch Authorisation Policy
Please refer to thecircular FIDD.CO.LBS.BC.No.82/02.01.001/2015-16 dated December 31, 2015wherein SLBCs were advised to identify villages with population above 5000 without a bank branch of a schedu...
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Recording of PPO Number in the passbook of Pensioners / Family Pensioners
Posted Date : 09-Jun-2017 , 09:21:54 am | Posted By: CASANSAAR
RBI/2016-17/319
DGBA.GBD.No.3235/45.01.001/2016-17
June 8, 2017
All Agency Banks
Dear Sir / Madam
Recording of PPO Number in the passbook of Pensioners / Family Pensioners
As you are aware, it has been decided to record the PPO number in all the pension passbooks of the pensioners/family pensioners issued to them. This is to alleviate the difficulties reported by pensioners/family pensioners to get ...
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Section 24 and Section 56 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
Posted Date : 07-Jun-2017 , 05:02:52 pm | Posted By: Md Irsad Alam
Please refer to ourcircular DBR.No.Ret.BC.64/12.01.001/2015-16 dated December 10, 2015, on maintenance of Statutory Liquidity Ratio under Section 24 and Section 56 of the Banking Regulation Act, 1949.
2. As announced in theSecond Bi-Monthly Monetary Policy Statement 2017-18of the Reserve Bank of India today, it has been decided to reduce the Statutory Liquidity Ratio (SLR) of commercial banks, primary (urban) co-operative banks (UCBs), state co-operative banks and central co-operative banks fro...
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Individual Housing Loans: Rationalisation of Risk-Weights and Loan to Value (LTV) Ratios
Posted Date : 07-Jun-2017 , 05:01:05 pm | Posted By: Md Irsad Alam
Please refer to theSecond Bi-monthly Monetary Policy Statement for 2017-18, announced today.
2. As a countercyclical measure, the LTV ratios, risk weights and standard asset provisioning rate for individual housing loanssanctioned on or after the date of this circularshall be as under:
Outstanding loan
LTV ratio (%)
Risk Weight (%)
Standard Asset Provision (%)
Up to Rs.30 lakh
<80
35
0.25
> 80 and<90
50
Above Rs.30 lakh and up to Rs.75 lakh
<80
35
...
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Issuance of Rupee denominated bonds overseas
Posted Date : 07-Jun-2017 , 05:00:00 pm | Posted By: Md Irsad Alam
Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to Sr. No. 3, 4 and 5 of Annex toA.P.(DIR Series) Circular No.17 dated September 29, 2015, paragraph No. 2, 3, 4 and 5 ofA.P. (DIR Series) Circular No. 60 dated April 13, 2016, paragraph No. 2 ofA.P. (DIR Series) Circular No. 31 dated February 16, 2017andparagraph No. 3.2,3.3.1,3.3.3and3.3.4of Master Direction No.5 dated January 1, 2016 on ‘External Commercial Borrowings, Trade Credit, Borrowing and Lending in F...
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Introduction of Legal Entity Identifier for OTC derivatives markets
Posted Date : 02-Jun-2017 , 07:13:41 am | Posted By: CASANSAAR
RBI/2016-17/314
FMRD.FMID No.14/11.01.007/2016-17
June 01, 2017
To
All eligible participants in the OTC derivatives markets
Dear Sir/Madam
Introduction of Legal Entity Identifier for OTC derivatives markets
The Legal Entity Identifier (LEI) code has been conceived of as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis. The LEI is a 20-character unique identity code assigned to entities who a...
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Submission of Annual Information Return relating to issue of Bonds for ₹ 5 lakh or more under Section 285 BA of Income Tax Act, 1961-Change thereof
Posted Date : 31-May-2017 , 10:59:01 am | Posted By: Md Irsad Alam
A reference is invited to ourcircular IDMD.CDD.No. 3031/13.01.299/2016-17 dated May 25, 2017on the captioned subject.
2. It is observed that a few Agency banks were submitting Annual Information Returns (AIR, now changed to SFT) in respect of Savings Bonds to Income Tax Authorities as well as to RBI. As RBI too, consolidates and submits this information to IT Department, and in order to avoid the duplication of data relating to Savings Bonds, Agency banks/SHCIL may henceforth ensure that the re...
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Continuation of Interest Subvention Scheme for short-term crop loans on interim basis during the year 2017-18 - regarding
Posted Date : 25-May-2017 , 08:15:19 pm | Posted By: Md Irsad Alam
Please refer to ourCircular FIDD. CO. FSD. BC. No 9/05.02.001/2016-17 dated August 4, 2016on Interest Subvention Scheme for Short-term Crop Loans 2016-17 wherein we had advised the continuation and implementation of the Interest Subvention Scheme for the year 2016-17. As regards the Scheme for the year 2017-18, Ministry of Agriculture & Farmers Welfare, Government of India (GoI) has informed that they have initiated the process for continuation of the Interest Subvention Scheme.
2. In view ...
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Submission of Annual Information Return relating to issue of Bonds for ₹ 5 lakh or more under Section 285 BA of Income Tax Act, 1961 - Change thereof
Posted Date : 25-May-2017 , 08:13:59 pm | Posted By: Md Irsad Alam
Pleaserefer to letter DGBA.CDD.13.01.299/H – 739 – 768/2005-06 dated August 5, 2005on the captioned subject.
2. You have been authorized to issue Savings Bonds Notified by the Government of India on behalf of Reserve Bank of India. In this connection, you may be aware that the offices accepting deposits under these schemes are required to furnish Annual Information Return as contemplated in Section 285 BA of the Income Tax Act, 1961read with Rule 114E of the Income Tax Rules, 1962 t...
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Formation of new districts in the State of Arunachal Pradesh - Assignment of Lead Bank Responsibility
Posted Date : 25-May-2017 , 08:12:34 pm | Posted By: Md Irsad Alam
The Government of Arunachal Pradesh vide Gazette Notification dated March 3, 2014 had notified the creation of four new districts in the State of Arunachal Pradesh. It has been decided to assign the lead bank responsibility of the new districts to State Bank of India as detailed below:-
Sr No
Newly carved district
Erstwhile District
Administrative units under the newly created district
Lead Bank Responsibility assigned to
District Working Code allotted to new district
1
Kurung ...
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Regulatory requirements for issue of Pre-paid Payment Instruments by Co-operative Banks
Posted Date : 25-May-2017 , 08:10:49 pm | Posted By: Md Irsad Alam
Please refer to ourcircular UBD.CO.BPD.PCB.Cir.No.65/09.69.000/2013-14 dated May 27, 2014permitting the UCBs which have installed ATMs and issued ATM cum Debit cards to introduce semi-closed Prepaid Payment Instruments (PPIs) for payment of utility bills / essential services upto a limit of Rs.10,000/-.
2. The matter has been revisited and it has now been decided to permit all licenced co-operative banks having their own ATM network to issue semi-closed PPIs, provided there are no restrictions ...
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