| Notifications/Circulars |
Category : RBI |
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RBI Act 1934 - Section 42(1A) Withdrawal of the Incremental CRR
Posted Date : 07-Dec-2016 , 10:42:17 pm | Posted By: CASANSAAR
RBI/2016-17/174
DBR.No.Ret.BC.46/12.01.001/2016-17
December 7, 2016
The Chairperson / CEOs of all Scheduled Commercial Banks/ Regional Rural Banks /
All Scheduled Primary (Urban) Co-operative Banks / All Scheduled State Co-operative Banks
Dear Sir,
Reserve Bank of India Act, 1934 – Section 42(1A)
Withdrawal of the Incremental CRR
Please refer to ourcircular DBR.No.Ret.BC.41/12.01.001/2016-17 dated November 26, 2016whereby all scheduled banks were required to maintain, und...
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RBI |
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Relaxation in Additional Factor of Authentication for payments upto Rs. 2000/- for card network provided authentication solutions
Posted Date : 06-Dec-2016 , 09:50:08 pm | Posted By: CASANSAAR
RBI/2016-17/172
DPSS.CO.PDNo.1431/02.14.003/2016-17
December 6, 2016
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 Card Payment Networks
Payment Banks and Small Finance Banks
Madam/Sir,
Card Not Present transactions – Relaxation in Additional Factor of Authentication for payments upto ₹ 2000/- for card network ...
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RBI |
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Requirement of customer due diligence and need for maintenance of records
Posted Date : 06-Dec-2016 , 09:49:13 pm | Posted By: CASANSAAR
RBI/2016-17/173
DBR.AML.BC.No.44/14.01.001/2016-17
December 06, 2016
All Regulated Entities (REs)
Dear Sir/Madam,
Requirement of customer due diligence and need for maintenance of records
It has been reported that, of late, a lot of customers are approaching banks for re-activation of dormant accounts.
2. In this regard, we invite attention to paragraph 24.2 (ix) of theMaster Circular on &l...
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RBI |
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Aadhaar-based Authentication for Card Present Transactions
Posted Date : 02-Dec-2016 , 10:44:40 pm | Posted By: CASANSAAR
RBI/2016-17/170
DPSS.CO.PD No.1421/02.14.003/2016-17
December 02, 2016
The Chairman and Managing Director / Chief Executive Officers
All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks /
State Co-operative Banks / District Central Co-operative Banks/
Authorised Card Payment Networks / White Label ATM Operators /
Payments Banks / Small Finance Banks
Dear Madam / Sir,
...
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RBI |
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RBI Circular - Allocation of banknotes
Posted Date : 02-Dec-2016 , 10:43:58 pm | Posted By: CASANSAAR
RBI/2016-17/169
DCM (Plg) No. 1508/10.27.00/2016-17
December 02, 2016
The Chairman / Managing Director/ Chief Executive Officer
(All banks maintaining currency chests)
Dear Sir,
Allocation of banknotes
Please refer to ourcircular DCM (Plg) No.1345/10.27.00/2016-17 dated November 22, 2016On “Making cash available for Rabi Crop Season – Advisory to banks”.
2. In continuation of the above and to ensure that adequate allocation of banknotes are made for the rura...
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RBI |
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Large Exposure Framework
Posted Date : 02-Dec-2016 , 08:15:37 am | Posted By: CASANSAAR
RBI/2016-17/167
DBR.No.BP.BC.43/21.01.003/2016-17
December 01, 2016
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Madam/Dear Sir,
Large Exposure Framework
Please refer to the paragraph 3 of the Statement on Developmental and Regulatory Policies issued by RBI on October 4, 2016 (extract enclosed). It was indicated therein that RBI will issue final guidelines on Large Exposure Framework (LEF) by end-October, 2016. Accordingly, the final guidelines areannexed.
...
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RBI |
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Financing of Infrastructure – ‘Definition of 'Infrastructure Lending'
Posted Date : 02-Dec-2016 , 08:14:34 am | Posted By: CASANSAAR
RBI/2016-17/168
DBR.BP.BC.No.42/08.12.014/2016-17
December 1, 2016
All Scheduled Commercial Banks
(Excluding RRBs)
All India Term-Lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Madam/Dear Sir,
Financing of Infrastructure – ‘Definition of 'Infrastructure Lending'
Please refer to ourcircular DBOD.BP.BC.No.66/08.12.014/2013-14 November 25, 2013on 'Definition of Infrastructure Lending' harmonising the RBI definition of Infrastru...
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RBI |
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RBI asks people to be cautious on false information circulating in social media on demonetization
Posted Date : 02-Dec-2016 , 08:10:59 am | Posted By: CASANSAAR
In the wake of the withdrawal of legal tender character from the Specified Bank Notes (SNBs), Reserve Bank of India has been, from time to time, issuing instructions to the banks through the website of RBI (www.rbi.org.in) and official mail.
2. It has been reported that certain guidelines / instructions purported to be issued by RBI are being circulated in the social media by some unscrupulous elements creating confusion in the minds of the public/ bank personnel.
3. Banks are, therefore, ...
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RBI |
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Accounts under PMJDY - Precautions
Posted Date : 01-Dec-2016 , 07:53:27 am | Posted By: CASANSAAR
RBI/2016-17/165
DCM (Plg) No. 1450/10.27.00/2016-17
November 29, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ State Cooperative Banks/ District Central Cooperative Banks
Dear Sir,
Accounts under PMJDY - Precautions
Please refer to ourcircular DCM (Plg) No.1424/10.27.00/2016-16 dated November 25, 2016on “Withdrawal of cash – Weekly limit&rdquo...
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RBI |
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Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
Posted Date : 01-Dec-2016 , 07:52:39 am | Posted By: CASANSAAR
RBI/2016-17/164
DCM (Plg) No. 1459/10.27.00/2016-17
November 29, 2016
The Chairman / Managing Director/ Chief Executive Officer,
(All banks maintaining currency chests)
Dear Sir,
Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
Please refer to our circular. DCM (CC) No. 2598/03.02.05/2009-10 dated October 27, 2009, which inter alia stated that the balance in a currency chest, exceeding the Chest Balance Limit / Cash Holding Limit will be de...
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RBI |
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Accounts under PMJDY - Precautions
Posted Date : 30-Nov-2016 , 08:36:51 am | Posted By: CASANSAAR
RBI/2016-17/165
DCM (Plg) No. 1450/10.27.00/2016-17
November 29, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ State Cooperative Banks/ District Central Cooperative Banks
Dear Sir,
Accounts under PMJDY - Precautions
Please refer to ourcircular DCM (Plg) No.1424/10.27.00/2016-16 dated November 25, 2016on “Withdrawal of cash – Weekly limit&rdquo...
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RBI |
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Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
Posted Date : 30-Nov-2016 , 08:35:57 am | Posted By: CASANSAAR
RBI/2016-17/164
DCM (Plg) No. 1459/10.27.00/2016-17
November 29, 2016
The Chairman / Managing Director/ Chief Executive Officer,
(All banks maintaining currency chests)
Dear Sir,
Deposit of Specified Bank Notes (SBNs) – Chest Balance Limit / Cash Holding Limit
Please refer to our circular. DCM (CC) No. 2598/03.02.05/2009-10 dated October 27, 2009, which inter alia stated that the balance in a currency chest, exceeding the Chest Balance Limit / Cash Holding Limit will be de...
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RBI |
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Withdrawal of cash from bank deposit accounts - Relaxation
Posted Date : 29-Nov-2016 , 08:21:00 am | Posted By: CASANSAAR
RBI/2016-17/163
DCM.No.1437/10.27.00/2016-17
November 28, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks /
Regional Rural Banks / Urban Cooperative Banks/
State Cooperative Banks/ District Central Cooperative Banks
Dear Sir,
Withdrawal of cash from bank deposit accounts - Relaxation
It has been reported that certain depositors are hesitating to deposit their monies into bank accounts in view of the curr...
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RBI |
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Chest Guarantee Scheme for Specified Bank Notes (SBNs) - CGSS
Posted Date : 28-Nov-2016 , 08:12:20 am | Posted By: CASANSAAR
RBI/2016-17/160
DCM (Plg) No. 1430/10.27.00/2016-17
November 27, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ State Cooperative Banks
Dear Sir,
Chest Guarantee Scheme for Specified Bank Notes (SBNs) - CGSS
Please refer to ourcircular DCM (Plg) No.1383/10.27.00/2016-17 dated November 24, 2016on “Specified Bank Notes (SBNs) - Deposit under Guarantee ...
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RBI |
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Reserve Bank of India Act, 1934 – Section 42(1A) Requirement for maintaining additional CRR
Posted Date : 28-Nov-2016 , 08:11:28 am | Posted By: CASANSAAR
RBI/2016-17/159
DBR.No.Ret.BC.41/12.01.001/2016-17
November 26, 2016
The Chairperson / CEOs of all Scheduled Commercial Banks/ Regional Rural Banks /
All Scheduled Primary (Urban) Co-operative Banks / All Scheduled State Co-operative Banks
Dear Sir,
Reserve Bank of India Act, 1934 – Section 42(1A)
Requirement for maintaining additional CRR
Under section 42(1) of Reserve Bank of India Act, 1934, all Scheduled Banks are required to maintain with Reserve Bank of India a Cash...
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RBI |
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Discontinuation of over the Counters Exchange of SBN
Posted Date : 25-Nov-2016 , 08:15:58 am | Posted By: CASANSAAR
RBI/2016-17/155
DCM (Plg) No.1391/10.27.00/2016-17
November 24, 2016
The Chairman / Managing Director/ Chief Executive Officer,
Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural
Banks / Urban Cooperative Banks/ State Cooperative Banks
Dear Sir,
Discontinuation of over the Counters Exchange of SBN
Please refer to ourcircular DCM (Plg) No.1302/10.27.00/2016-17 dated November 17, 2016on “Withdrawal of Legal Tender Character of existing ₹ 500 and ₹...
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RBI |
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Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel
Posted Date : 25-Nov-2016 , 08:15:13 am | Posted By: CASANSAAR
RBI/2016-17/154
DCM (Plg) No.1384/10.27.00/2016-17
November 24, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks/ District Central Co-operative Banks
Dear Sir,
Withdrawal of Specified Banknotes : Cash requirements of pensioners and Armed Forces Personnel
In view of the withdrawal of legal tender character of the Specified Banknote...
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RBI |
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Specified Bank Notes (SBNs) - Deposit under Guarantee Scheme to decongest the storage facilities at banks
Posted Date : 25-Nov-2016 , 08:14:20 am | Posted By: CASANSAAR
RBI/2016-17/153
DCM (Plg) No.1383/10.27.00/2016-17
November 24, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Specified Bank Notes (SBNs) - Deposit under Guarantee Scheme to decongest the storage facilities at banks
As you ar...
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RBI |
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Special knowledge or practical experience useful to banking companies
Posted Date : 25-Nov-2016 , 08:08:30 am | Posted By: CASANSAAR
RBI/2016-17/152
DBR.Appt.BC.No.39/29.39.001/2016-17
November 24, 2016
All Commercial Banks excluding RRBs
Dear Sir / Madam,
Special knowledge or practical experience useful to banking companies
In the backdrop of innovations in banking and technology, it is felt that the domain knowledge and experience enumerated under various statutory provisions for the directors on the boards of commercial banks (excluding RRBs) need to be augmented by knowledge and experience in other special...
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RBI |
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Deposit of specified banknotes (SBN) in Small Savings Schemes
Posted Date : 24-Nov-2016 , 07:56:54 am | Posted By: CASANSAAR
RBI/2016-17/151
DCM (Plg) No.1351/10.27.00/2016-17
November 23, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Deposit of specified banknotes (SBN) in Small Savings Schemes
Please refer to ourcircular DCM (Plg) No.1226/10.27.0...
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RBI |
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Special measures to incentivise Electronic Payments – (i) Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs) in India (ii) Special measures for merchants
Posted Date : 23-Nov-2016 , 07:52:51 am | Posted By: CASANSAAR
RBI/2016-17/150
DPSS.CO.PD.No.1288/02.14.006/2016-17
November 22, 2016
All Prepaid Payment Instrument Issuers,
System Providers, System Participants
and all other Prospective Prepaid Payment Instrument Issuers
Dear Madam / Sir,
Special measures to incentivise Electronic Payments –
(i) Enhancement in issuance limits for Pre-Paid Payment Instruments (PPIs) in India
(ii) Special measures for merchants
Following the withdrawal of legal tender characteristics of existing ₹...
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RBI |
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Cash withdrawal for purpose of celebration of wedding – Modification
Posted Date : 23-Nov-2016 , 07:52:06 am | Posted By: CASANSAAR
RBI/2016-17/149
DCM (Plg) No.1346/10.27.00/2016-17
November 22, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks.
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding – Modification
Please refer to thecircula...
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RBI |
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Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- Specified Bank Notes (SBNs) – Fraudulent Practices
Posted Date : 23-Nov-2016 , 07:48:48 am | Posted By: CASANSAAR
RBI/2016-17/147
DCM (Plg) No.1341/10.27.00/2016-17
November 22, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Fraudulent Practices
It has been brought to our notice that at certain places, few bank branch offi...
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RBI |
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Making cash available for Rabi Crop Season – Advisory to banks
Posted Date : 23-Nov-2016 , 07:47:44 am | Posted By: CASANSAAR
RBI/2016-17/148
DCM (Plg) No.1345/10.27.00/2016-17
November 22, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Making cash available for Rabi Crop Season – Advisory to banks
As you all are aware the Rabi crop season has ...
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Category :
RBI |
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Withdrawal of Legal Tender Character of existing Rs. 500/- and Rs.1000/- Bank Notes – Revisions
Posted Date : 22-Nov-2016 , 08:20:06 am | Posted By: CASANSAAR
RBI/2016-17/146
DCM (Plg) No.1323/10.27.00/2016-17
November 21, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District
Central Co-operative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Revisions
Please refer to ourCircular No.DCM (Plg) No.1226...
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RBI |
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RBI Circular - Cash withdrawal for purpose of celebration of wedding
Posted Date : 22-Nov-2016 , 08:18:57 am | Posted By: CASANSAAR
RBI/2016-17/145
DCM (Plg) No.1320/10.27.00/2016-17
November 21, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Cash withdrawal for purpose of celebration of wedding
Please refer to ourCircula...
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RBI |
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Withdrawal of Legal Tender Character of Specified Bank Notes – Cash Withdrawal Limit
Posted Date : 22-Nov-2016 , 08:17:55 am | Posted By: CASANSAAR
RBI/2016-17/142
DCM (Plg) No.1317/10.27.00/2016-17
November 21, 2016
The Chairman / Managing Director/Chief Executive Officer
Public Sector Banks / Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks/
District Central Cooperative Banks
Dear Sir,
Withdrawal of Legal Tender Character of Specified Bank Notes –
Cash With...
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RBI |
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Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Posted Date : 22-Nov-2016 , 08:16:45 am | Posted By: CASANSAAR
RBI/2016-17/143
DBR.No.BP.BC.37/21.04.048/2016-17
November 21, 2016
All Entities Regulated by the Reserve Bank of India
Madam / Dear Sir,
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
It has been represented to us that consequent upon withdrawal of the legal tender status of the existing ₹ 500 and ₹ 1,000 notes (SBN) small borrowers may need some more time to repay their loan dues. Taking these representations into consid...
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RBI |
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Cash Withdrawal at Point-of-Sale (POS) - Withdrawal limits and customer fee/charges - Relaxation
Posted Date : 18-Nov-2016 , 10:06:25 pm | Posted By: CASANSAAR
RBI/2016-17/140
DPSS.CO.PD.No.1280/02.14.003/2016-17
November 18, 2016
The Chairman and Managing Director / Chief Executive Officers
All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks /
State Co-operative Banks / District Central Co-operative Banks /
All Card Network Providers
Dear Madam / Sir,
Cash Withdrawal at Point-of-Sale (POS) - Withdrawal limits and customer fee/charges - Relaxation
A reference is invited to our circularsDPSS.CO.PD.No.147/02.14.003...
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RBI |
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Withdrawal of Legal Tender Character of existing Rs.500/- and Rs.1000/- Bank Notes – Exchange over the counters
Posted Date : 18-Nov-2016 , 07:53:57 am | Posted By: CASANSAAR
RBI/2016-17/139
DCM (Plg) No.1302/10.27.00/2016-17
November 17, 2016
The Chairman / Managing Director/Chief Executive Officer,
Public Sector Banks / Private Sector Banks/ Private Sector Banks/ Foreign Banks
Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks
Dear Sir,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Exchange over the counters
Please refer to ourCircular No. DCM (Plg) No.1226/10.27.00/2016-17 dat...
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