| Notifications/Circulars |
Category : RBI |
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Basel III Capital Regulations- Additional Tier 1 Capital
Posted Date : 03-Feb-2017 , 07:57:06 am | Posted By: CASANSAAR
RBI/2016-17/222
DBR.BP.BC.No.50/21.06.201/2016-17
February 02, 2017
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Madam/ Sir,
Basel III Capital Regulations- Additional Tier 1 Capital
Please refer to the paragraph 1.8 on ‘Coupon Discretion’ under Annex 4 on ‘'Criteria for Inclusion of Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital' of theMaster Circular, DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015on ‘Basel I...
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RBI |
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Review of Guidelines on “Pricing of Credit”
Posted Date : 03-Feb-2017 , 07:54:17 am | Posted By: CASANSAAR
RBI/2016-17/219
DNBR.CC.PD.No. 084/22.10.038/2016-17
February 02, 2017
To
All NBFC-MFIs,
Madam/Sir,
Review of Guidelines on “Pricing of Credit”
As per extant instructions on “Pricing of Credit” issued to NBFC-MFIS under “Master Direction-Non-Banking Financial Company-Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016” and “Master Direction - Non-Banking Financial Company-Systemically Important Non-Dep...
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RBI |
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Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo ante
Posted Date : 31-Jan-2017 , 08:55:41 am | Posted By: CASANSAAR
RBI/2016-17/217
DCM (Plg) No. 2905/10.27.00/2016-17
January 30, 2017
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/Madam,
Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo ante
Please refer to ourcircular DCM (Plg) No.1226/10.27.00/2016-17 dated Novembe...
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Enhancement of withdrawal limits from ATMs and Current Accounts - RBI
Posted Date : 17-Jan-2017 , 07:53:27 am | Posted By: CASANSAAR
RBI/2016-17/213
DCM (Plg) No.2559/10.27.00/2016-17
January 16, 2017
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,
Enhancement of withdrawal limits from ATMs and Current Accounts
Please refer to ourcirculars DCM (Plg) No. 1274,1317,1437and2142/10.27.00/2016-17dated November 14, 21 and ...
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Allocation of cash for rural areas - RBI
Posted Date : 04-Jan-2017 , 08:29:18 am | Posted By: CASANSAAR
RBI/2016-17/207
DCM (Plg) No.2200/10.27.00/2016-17
January 03, 2017
The Chairman / Managing Director/ Chief Executive Officer,
(All banks with currency chests)
Dear Sir / Madam
Allocation of cash for rural areas
Please refer to ourcirculars DCM (Plg) No.1345/10.27.00/2016-17 dated November 22, 2016andDCM (Plg) No.1508/10.27.00/2016-17 dated December 02, 2016on making cash available for rural areas.
2. On observing that bank notes, being supplied to rural areas, at present, ar...
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Facility for exchange of Specified Bank Notes (SBNs) during Grace Period
Posted Date : 02-Jan-2017 , 08:19:53 am | Posted By: CASANSAAR
RBI/2016-17/205
DCM (Plg) No.2170 /10.27.00/2016-17
December 31, 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,
Facility for exchange of Specified Bank Notes (SBNs) during Grace Period – Verification of KYC and Account details
Please refer to theGoI Ordinance No. 10 of 2016 dated D...
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RBI |
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Cash withdrawal from ATMs – Enhancement of daily limits
Posted Date : 31-Dec-2016 , 08:14:51 am | Posted By: CASANSAAR
RBI/2016-17/204
DCM (Plg) No. 2142/10.27.00/2016-17
December 30, 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,
Cash withdrawal from ATMs – Enhancement of daily limits
Please refer t...
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RBI |
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Special measures to incentivise Electronic Payments – Extension of time
Posted Date : 31-Dec-2016 , 08:13:59 am | Posted By: CASANSAAR
RBI/2016-17/203
DPSS.CO.PD.No.1669/02.14.006/2016-2017
December 30, 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 – Extension of time
A reference is invited tocircular DPSS.CO.PD.No.1288/02.14.006/2016-17 dated Novem...
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RBI |
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White Label ATM Operators (WLAOs) - Sourcing of cash from retail outlets
Posted Date : 31-Dec-2016 , 08:13:08 am | Posted By: CASANSAAR
RBI/2016-17/202
DPSS.CO.PD. No.1621/02.10.002/2016-17
December 30, 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 ATM Network Operators /Card Payment Network Operators/
White Label ATM Operators
Dear Madam/ Sir,
White Label ATM Operators (WLAOs) - Sourcing of cash from retail outlets
Following the withdrawa...
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RBI |
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Closure of the scheme of exchange of Specified Bank Notes (SBNs) at banks on December 30th 2016- Accounting
Posted Date : 31-Dec-2016 , 08:12:18 am | Posted By: CASANSAAR
RBI/2016-17/201
DCM (Plg) No.2103/10.27.00/2016-17
December 30, 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-op Banks
Dear Sir,
Closure of the scheme of exchange of Specified Bank Notes (SBNs) at banks on December 30th 2016- Accounting
Please refer to Para 3 (C) of ourCircular DCM (Plg) No.1226/10.27.00...
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Sanction of Additional Working Capital Limits to Micro and Small Enterprises (MSEs)
Posted Date : 30-Dec-2016 , 08:00:42 am | Posted By: CASANSAAR
RBI/2016-17/200
FIDD.MSME & NFS.BC.No.20/06.02.31/2016-17
December 29, 2016
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir / Madam,
Sanction of Additional Working Capital Limits to Micro and Small Enterprises (MSEs)
Please refer to ourcircular FIDD.MSME & NFS.BC.No.60/06.02.31/2015-16 dated August 27, 2015on ‘Streamlining flow of credit to Micro and Small Enterprises (MSEs) for facilitating timely and adequate credit flow during their &lsq...
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RBI |
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Introduction of Interest Rate Options in India
Posted Date : 30-Dec-2016 , 07:59:55 am | Posted By: CASANSAAR
RBI/2016-17/199
FMRD.DIRD.12/14.01.011/2016-17
December 29, 2016
To
All eligible market participants
Dear Sir/Madam
Introduction of Interest Rate Options in India
As announced in thefourth bi-monthly Monetary Policy Statement 2016-17, it has been decided to introduce Interest Rate Options in India.
2. The Reserve Bank of India has accordingly issued aNotification No. FMRD.DIRD. 11/...
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RBI |
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Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Posted Date : 29-Dec-2016 , 08:31:43 am | Posted By: CASANSAAR
RBI/2016-17/198
DBR.No.BP.BC.49/21.04.048/2016-17
December 28, 2016
All Regulated Entities
Madam / Dear Sir,
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Please refer tocircular DBR.No.BP.BC.37/21.04.048/2016-17 dated November 21, 2016.
2. On a review, it has been decided to:
(i) Provide 30 days, in addition to the 60 days provided vide the abovementioned circular, in the following categories of loans:
(a) Running w...
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RBI |
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Master Circular on Issuance and Operations of Prepaid Payment Instruments
Posted Date : 28-Dec-2016 , 07:51:37 am | Posted By: CASANSAAR
RBI/2016-17/196
DPSS.CO.PD.No.1610/02.14.006/2016-17
December 27, 2016
All Prepaid Payment Instrument Issuers,
System Providers, System Participants and
all other Prospective Prepaid Payment Instrument Issuers
Dear Madam / Sir,
Master Circular on Issuance and Operations of Prepaid Payment Instruments – Amendments to paragraph 7.9
A reference is invited toparagraph 7.9of our Master circular DPSS.PD.CO.PPI.No.01/02.14.006/2016-17 dated July 01, 2016 on Issuance and Operatio...
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RBI |
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Interest Subvention Scheme for Short Term Crop Loans during the year 2016-17
Posted Date : 27-Dec-2016 , 08:09:12 am | Posted By: CASANSAAR
RBI/2016-17/194
FIDD.No.FSD.BC. 19/05.04.02/2016-17
December 26, 2016
To,
The Chairman / Managing Director
All Public & Private Sector Scheduled Commercial Banks
Dear Sir/Madam
Interest Subvention Scheme for Short Term Crop Loans during the year 2016-17- Grant of grace period of 60 days beyond due date
As you are aware the Government of India (GoI) has been implementing the Interest Subvention Scheme (the Scheme) since 2006-07. In terms of the extant Scheme for the year 201...
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RBI |
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Procedural Guidelines for Servicing the Sovereign Gold Bonds
Posted Date : 24-Dec-2016 , 08:25:46 am | Posted By: CASANSAAR
RBI/2016-17/193
IDMD No.1569/14.04.050/2016-17
December 23, 2016
All Scheduled Commercial Banks (Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India Ltd. (SHCIL)
BSE & NSE
Madam/Sir,
Procedural Guidelines for Servicing the Sovereign Gold Bonds
TheSovereign Gold Bond Scheme was launched by Government of India (GOI) on October 30, 2015. The Sovereign Gold Bonds (henceforth referred to as bonds) are issued by GOI in the form of Government of India Stock...
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RBI |
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Special Deposit Scheme 1975 – Payment of interest for the calendar year 2016
Posted Date : 23-Dec-2016 , 08:33:47 am | Posted By: CASANSAAR
RBI/2016-17/192
DGBA.GAD.No.1478/15.01.001/2016-17
December 22, 2016
The Chairman/Chief Executive Officer
Agency Banks handling Special Deposit Scheme,1975
Dear Sir,
Special Deposit Scheme 1975 –
Payment of interest for the calendar year 2016
Please findenclosedcopies of Government of India Gazette Notifications dated April 20, 2015, June 3, 2016, June 30, 2016 and October 3, 2016 regarding interest rates on Special Deposit Scheme 1975. You may please ensure that interest...
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RBI |
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Deposit of Specified Bank Notes (SBNs) into bank accounts- Modification
Posted Date : 22-Dec-2016 , 07:51:38 am | Posted By: CASANSAAR
RBI/2016-17/191
DCM (Plg) No. 1911/10.27.00/2016-17
December 21, 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,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts- Modification
Please refer to ourcircular DC...
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RBI |
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Deposit of Specified Bank Notes (SBNs) into bank accounts
Posted Date : 20-Dec-2016 , 07:46:58 am | Posted By: CASANSAAR
RBI/2016-17/189
DCM (Plg) No. 1859/10.27.00/2016-17
December 19, 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,
Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes) - Deposit of Specified Bank Notes (SBNs) into bank accounts
Please refer toCircular DCM (Plg) No.1226/10...
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RBI |
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Compliance to provisions of Master Direction on Know Your Customer (KYC)
Posted Date : 16-Dec-2016 , 08:14:45 am | Posted By: CASANSAAR
RBI/2016-17/183
DBR.AML.BC.48/14.01.01/2016-17
December 15, 2016
All Regulated Entities
Dear Sir/Madam,
Compliance to provisions of Master Direction on Know Your Customer (KYC)
A reference may be made to the following provisions of theMaster Direction on Know Your Customer (KYC):
(i) Section 8(d) and (e), wherein it is mentioned that concurrent/internal audit system of the Regulated Entities (REs) has to verify the compliance with KYC/AML policies and procedures and submit qua...
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RBI |
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Distribution of Relief/Savings Bonds
Posted Date : 14-Dec-2016 , 08:43:09 am | Posted By: CASANSAAR
RBI/2016-17/182
IDMD.PDRD.No.08/03.64.00/2016-17
December 13, 2016
To
All Standalone Primary Dealers
Dear Sir/Madam,
Distribution of Relief/Savings Bonds
A reference is invited to Para A.1 of theMaster Direction on Relief/Savings Bonds dated July 1, 2016under which agency banks can enrol/register brokers for distribution of Relief/Savings bonds. A reference is also invited to the Para 12 of(Master Direction) Standalone Primary Dealers (Reserve Bank) Directions, 2016giving a li...
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RBI |
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Preservation of CCTV recordings
Posted Date : 14-Dec-2016 , 08:42:24 am | Posted By: CASANSAAR
RBI/2016-17/181
DCM (Plg) No. 1712/10.27.00/2016-17
December 13, 2016
The Chairman & Managing Director
Chief Executive Officers
All Banks
Dear Sir,
Preservation of CCTV recordings
Please refer to paragraph (5) of ourcircular DCM (FNVD) No.1134/16.01.05/2016-17 dated October 27, 2016wherein it was stated that in order to facilitate identification of people abetting circulation of counterfeit notes, banks are advised to cover the banking hall/area and counters under CCTV surv...
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RBI |
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Distribution of Mahatma Gandhi (New) Series Banknotes – Records
Posted Date : 13-Dec-2016 , 08:00:36 am | Posted By: CASANSAAR
RBI/2016-17/180
DCM (Plg) No. 1683/10.27.00/2016-17
December 12, 2016
The Chairman / Managing Director/ Chief Executive Officer
(All banks maintaining currency chests)
Dear Sir,
Distribution of Mahatma Gandhi (New) Series Banknotes – Records
Please refer to our circular DCM (RMMT) No. G-5/11.01.01/2016-17 dated July 15, 2016 on Receipt and Remittance of Treasure.
2. In the wake...
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RBI |
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Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting
Posted Date : 13-Dec-2016 , 07:59:48 am | Posted By: CASANSAAR
RBI/2016-17/179
DCM (Plg) No. 1679/10.27.00/2016-17
December 12, 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,
Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting
Please refer ourcirculars DCM (Plg) No.1264/10.27.00/2016-17andDCM (Plg) No.1291/10.27.00/2016-17dated November 11, 2016 and November 16, ...
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RBI |
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Security and Risk Mitigation measure - Technical Audit of Prepaid Payment Instrument issuers
Posted Date : 10-Dec-2016 , 08:04:56 am | Posted By: CASANSAAR
RBI/2016-17/178
DPSS.CO.OSD.No.1485/06.08.005/2016-17
December 09, 2016
All Prepaid Payment Instrument Issuers,
System Providers, System Participants and
all other Prospective Prepaid Payment Instrument Issuers
Dear Sir,
Security and Risk Mitigation measure - Technical Audit of Prepaid Payment Instrument issuers
With the withdrawal of legal tender characteristics of existing ₹ 500/- and ₹ 1000/- Bank Notes (Specified Bank Notes – SBN), the use of alternate modes of pa...
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RBI |
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Amendment to Master Direction on Know Your Customer
Posted Date : 09-Dec-2016 , 07:37:17 am | Posted By: CASANSAAR
RBI/2016-17/177
DBR.AML.BC.47/14.01.01/2016-17
December 8, 2016
All Regulated Entities
Dear Sir/Madam,
Amendment to Master Direction on Know Your Customer
In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, it has been decided to make certain amendments to theMaster Direction on Know Your Customer (KYC). The two major changes being notified are as under:
...
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Amendment to Master Direction (MD) on KYC
Posted Date : 09-Dec-2016 , 07:36:18 am | Posted By: CASANSAAR
RBI/2016-17/176
DBR.AML.BC. No. 18/14.01.001/2016-17
December 8, 2016
All Regulated Entities (REs)
Dear Sir/Madam,
Amendment to Master Direction (MD) on KYC
In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949 and section 35A read with section 56 of that Act, Rule 9 (14) of the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 and all other laws...
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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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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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