| Notifications/Circulars |
Category : RBI |
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Risk- based Internal Audit
Posted Date : 25-Aug-2016 , 11:06:53 pm | Posted By: CASANSAAR
RBI/2016-17/46
DBS.CO.PPD.05/11.01.005/2016-17
August 25, 2016
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir/ Madam,
Risk- based Internal Audit
Please refer to ourcircular DBS.CO.PP.BC.10/11.01.005/2002-03 dated December 27, 2002on Risk-based Internal Audit setting out the scope and coverage of Risk-based Internal Audit (RBIA) system in commercial banks. In this connection some banks have represented to us seeking approval for engaging services of retired officers of ...
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Prudential Norms for Off-balance Sheet Exposures of Banks – Restructuring of derivative contracts
Posted Date : 25-Aug-2016 , 11:05:54 pm | Posted By: CASANSAAR
RBI/2016-17/45
DBR.No.BP.BC.7/21.04.157/2016-17
August 25, 2016
All Scheduled Commercial Banks
(Excluding Local Area Banks and
Regional Rural Banks)
Dear Sir/Madam,
Prudential Norms for Off-balance Sheet Exposures of Banks – Restructuring of derivative contracts
Please refer tocircular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008on the captioned subject. Para 2.2 of the circular requires that in cases where a derivative contract is restructured, the mark-to-m...
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Review of Prudential Norms –Risk Weights for Exposures to Corporates, AFCs and NBFC-IFCs
Posted Date : 25-Aug-2016 , 11:05:10 pm | Posted By: CASANSAAR
RBI/2016-17/44
DBR.No.BP.BC.6/21.06.001/2016-17
August 25, 2016
All Scheduled Commercial Banks
(Excluding Local Area Banks and
Regional Rural Banks)
Dear Sir/Madam,
Review of Prudential Norms –Risk Weights for Exposures to Corporates, AFCs and NBFC-IFCs
Please refer to para 5.8 ofMaster Circularon Basel III capital regulations dated July 1, 2015 on exposures to the captioned entities. At present unrated exposures to these entities attract a risk weight of 100 per cent. On...
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RBI |
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Partial Credit Enhancement (PCE) to Corporate Bonds
Posted Date : 25-Aug-2016 , 11:04:25 pm | Posted By: CASANSAAR
RBI/2016-17/43
DBR.BP.BC.No.5/21.04.142/2016-17
August 25, 2016
All Scheduled Commercial Banks
(excluding RRBs)
Partial Credit Enhancement (PCE) to Corporate Bonds
Please refer to thecircular DBR.BP.BC.No.40/21.04.142/2015-16 dated September 24, 2015on the captioned subject.
2. In terms of para II.6 of the above-mentioned circular, the aggregate exposure limit of all banks towards the PCE for a given bond issue has been capped at 20 per cent of the bond issue size. On a review, ...
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Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) – Aajeevika - Interest Subvention Scheme
Posted Date : 25-Aug-2016 , 11:03:42 pm | Posted By: CASANSAAR
RBI/2016-17/42
FIDD.GSSD.CO.BC.No.13/09.01.03/2016-17
August 25, 2016
The Chairman / Managing Director
Public and Private Sector Banks
Dear Sir / Madam,
Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) – Aajeevika - Interest Subvention Scheme
Please refer to ourcircular FIDD.GSSD.CO.BC.NO. 19/09.01.03/2015-16 dated January 21, 2016on interest subvention scheme under National Rural Livelihoods Mission (NRLM).
2. The revised guidelines for the ye...
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Pradhan Mantri Fasal Bima Yojna-Non-feeding of data by bank branches in the Crop Insurance Portal of MoA&FW
Posted Date : 25-Aug-2016 , 11:02:50 pm | Posted By: CASANSAAR
RBI/2016-17/41
FIDD.CO.FSD.BC.11/05.10.007/2016-17
August 25, 2016
The Chairman/Managing Director/Chief Executive Officer
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Madam/Dear Sir
Pradhan Mantri Fasal Bima Yojna-Non-feeding of data by bank branches in the Crop Insurance Portal of MoA&FW.
Please refer to ourcircular FIDD.No.FSD.BC20/05.10.007/2015-16 dated March 17, 2016advising you to ensure strict compliance of the provisions of the Pradhan Mantri Fasa...
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Financial Literacy Centres - Revised reporting format
Posted Date : 25-Aug-2016 , 11:01:48 pm | Posted By: CASANSAAR
RBI/2016-17/40
FIDD.FLC.BC.No.12/12.01.018/2016-17
August 25, 2016
To Chairman/MD & CEO
Scheduled Commercial Banks
(Including RRBs)
Dear Sir/Madam,
Financial Literacy Centres - Revised reporting format
Please refer to ourcircular FIDD.FLC.BC.No.18/12.01.018/2015-16 dated January 14, 2016on Financial Literacy Centres (FLCs)-Revised guidelines enclosing therewith the reporting Mechan...
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Capacity Building in Banks and AIFIs
Posted Date : 11-Aug-2016 , 06:07:32 pm | Posted By: CASANSAAR
The Reserve Bank had constituted a ‘Committee on Capacity Building’ (July 2014) under the Chairmanship of former Executive Director, Shri G Gopalakrishna, with the objective of implementing non-legislative recommendations of the Financial Sector Legislative Reforms Commission (FSLRC), relating to capacity building in banks and non-banks, streamlining training intervention and suggesting changes thereto in view of ever increasing challenges in banking and non-banking sector.
2. The...
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RBI |
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Priority Sector Lending status for Factoring Transactions
Posted Date : 11-Aug-2016 , 06:05:07 pm | Posted By: CASANSAAR
Please refer toMaster Direction FIDD.CO.Plan.1/04.09.01/2016-17 dated July 7, 2016on Priority Sector Lending (PSL) and Guidelines dated December 3, 2014 for setting up of and operating the Trade Receivables Discounting System (TReDS) issued by Reserve Bank of India.
2. To increase liquidity support for the MSME sector, it has been decided that factoring transactions on ‘with recourse’ basis shall be eligible for priority sector classification by banks, which are carrying out the b...
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RBI |
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Auction of Government of India Dated Securities
Posted Date : 09-Aug-2016 , 02:44:45 pm | Posted By: CASANSAAR
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue)fourdated securities for notified amount ofRs 15,000crore as per the following details:
Sr No
Security
Notified Amount
(in Rs crore)
GoI Notification
Auction Date
Settlement date
1
7.68% GS 2023
3,000
4(3)-W&M/2016 dated
August 08, 2016
August 12, 2016
(Friday)
August 16, 2016
(Tuesday)
...
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Implementation of Indian Accounting Standards (Ind AS) - RBI
Posted Date : 04-Aug-2016 , 07:37:29 pm | Posted By: CASANSAAR
RBI/2016-17/34
RBI/2016-17/DBR.FID.No. 1/01.02.000/2016-17
August 04, 2016
All India Financial Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Madam / Dear Sir,
Implementation of Indian Accounting Standards (Ind AS)
The Ministry of Corporate Affairs (MCA), Government of India has notified the Companies (Indian Accounting Standards) Rules, 2015 on February 16, 2015. A reference is also invited to the Press Release dated January 18, 2016 issued by the MCA outlining the roadmap for...
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Dishonour of cheques – Modification in procedure
Posted Date : 04-Aug-2016 , 05:43:40 pm | Posted By: CASANSAAR
RBI/2016-17/33
DBR.No.Leg.BC.3/09.07.005/2016-17
August 04, 2016
All Scheduled Commercial Banks
(Including RRBs)
Dear Sir/ Madam,
Dishonour of cheques – Modification in procedure
Please refer to ourcircular DBOD.BC.Leg.No.113/09.12.001/2002-03 dated June 26, 2003and paragraph 11.4 (i) ofRPCD.CO.RRB.BC.No.100/03.05.33/2013-14 dated May 12, 2014wherein banks were advised to introduce a condition for operation of accounts with cheque facility that in the event of dishonour of...
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Union Budget – 2016-17 Interest Subvention Scheme
Posted Date : 04-Aug-2016 , 05:41:58 pm | Posted By: CASANSAAR
RBI/2016-17/32
FIDD.CO.FSD.BC.No 9/05.02.001/2016-17
August 4, 2016
To,
The Chairman / Managing Director
All Public & Private Sector Scheduled Commercial Banks
Dear Sir/Madam
Union Budget – 2016-17
Interest Subvention Scheme
As directed by the Government of India and in pursuance of the budget announcement relating to the Interest Subvention Scheme 2016-17 (the Scheme) it is advised that Government of India has approved the implementation of the Scheme for the year 2...
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RBI |
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RBI releases Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector
Posted Date : 01-Aug-2016 , 05:47:33 pm | Posted By: CASANSAAR
The Reserve Bank of India today released on its website, “Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector”.
Some of the key aspects of the Guidelines include: (i) resident individuals and professionals having 10 years of experience in banking and finance at a senior level are also eligible to promote universal banks; (ii) large industrial houses are excluded as eligible entities but are permitted to invest in the banks up to 10 per cent; (iii...
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Retail Participation by Demat Account Holders in the Government Securities Market: Access to NDS
Posted Date : 29-Jul-2016 , 09:08:01 am | Posted By: CASANSAAR
RBI/2016-17/30
Ref No. FMRD.DIRD.3/14.03.07/2016-17
July 28, 2016
To
All eligible market participants
Retail Participation by Demat Account Holders in the Government Securities
Market: Access to NDS-OM Platform
As announced in theFirst Bi-monthly Monetary Policy Statement, 2015-16, an Implementation Group with representation from all the stakeholders was constituted to recommend specific measures to enable seamless movement of securities from Subsidiary General Ledger (SGL) form...
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Half yearly/Quarterly Review of Accounts of Public Sector Banks
Posted Date : 29-Jul-2016 , 09:06:46 am | Posted By: CASANSAAR
RBI/2016-17/29
Ref.DBS.ARS.No.BC.2/08.91.001/2016-17
July 28, 2016
All Public Sector Banks
Dear Sir/Madam,
Half yearly/Quarterly Review of Accounts of Public Sector Banks
Please refer to our circular DBS.ARS.No.BC.17/08.91.001/2002-03 dated June 5, 2003 on conduct of Half yearly/Quarterly Review of Accounts of Public Sector Banks.
2. The reporting format has been revised as per theannex. You may, accordingly, arrange to prepare the review in the revised format as enclosed, eff...
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RBI |
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Priority Sector Lending –Targets and Classification
Posted Date : 29-Jul-2016 , 09:05:57 am | Posted By: CASANSAAR
RBI/2016-17/27
FIDD.CO.Plan.BC.No.8/04.09.001/2016-17
July 28, 2016
The Chairman/ Managing Director/
Chief Executive Officer
[All Scheduled Commercial Banks
(excluding RRBs)]
Dear Sir/ Madam,
Priority Sector Lending –Targets and Classification- Bank loans to MFIs for on-lending - Qualifying asset - Revised loan limit
Please refer to paragraph 19 (b) (iv) of the Master Direction on Priority Sector Lending – Targets and ClassificationFIDD.CO.Plan.No.1/04.09.001/2016-...
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Guidelines for Relief Measures by NBFCs in areas affected by Natural Calamities
Posted Date : 29-Jul-2016 , 08:57:47 am | Posted By: CASANSAAR
RBI/2016-17/28
DNBR (PD) CC.No.083/03.10.001/2016-17
July 28, 2016
All Non-Banking Financial Companies
Madam/ Sir,
Guidelines for Relief Measures by NBFCs in areas affected by Natural Calamities
The Reserve Bank has issued guidelines to banks in regard to matters relating to relief measures to be provided in areas affected by natural calamities videFIDD.No.FSD.BC.52/05.10.001/2014-15 dated March 25, 2015,FIDD No.FSD.BC.12/05.10.001/2015-16 dated August 21, 2015andFIDD.No.FSD.BC.2...
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RBI |
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Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Posted Date : 22-Jul-2016 , 07:25:59 am | Posted By: CASANSAAR
RBI/2016-17/25
DBR.BP.BC.No.2/21.04.098/2016-17
July 21, 2016
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir,
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Please refer to ourcirculars DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014,DBR.BP.BC.No.52/21.04.098/2014-15 dated November 28, 2014andDBR.BP.BC.No.77/21.04.098/2015-16 dated February 11, 2016on ‘Basel II...
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Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public
Posted Date : 21-Jul-2016 , 07:31:34 am | Posted By: CASANSAAR
RBI/DCM/2016-17/36
Master Direction DCM (CC) No.G-4/03.41.01/2016-17
July 20, 2016
The Chairman and Managing Director /
Chief Executive Officers,
All Banks
Madam / Dear Sir,
Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public
In terms of the Preamble and under Section 45 of the RBI Act, 1934, and 35 A of the Banking Regulation Act, 1949, the Bank issues guidelines / instructions for r...
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Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public
Posted Date : 21-Jul-2016 , 07:30:46 am | Posted By: CASANSAAR
RBI/2016-17/23
DCM (CC) No.G-3/03.44.01/2016 – 17
July 20, 2016
The Chairman & Managing Director
Chief Executive Officers
All Banks
Madam / Dear Sir,
Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public
Please refer to theCircular DCM (CC) No.G-10/03.41.01/2015-16 dated May 05, 2016on the revised scheme of incentives titled – CDES i.e. Currency Distribution and Exchange Scheme.
...
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RBI |
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Master Circular – Detection and Impounding of Counterfeit Notes
Posted Date : 21-Jul-2016 , 07:29:59 am | Posted By: CASANSAAR
RBI/2016-17/22
DCM (FNVD) G–6/16.01.05/2016-17
July 20, 2016
The Chairman / Managing Director,
Commercial Banks, Cooperative Banks, RRBs,
Private Banks, Foreign 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) No.G-4/16.01.05/2015-16 dated July 1, 2015(updated on 28 Sept 2015) consolidating the instructions issued till Sept. 28, 2015, relati...
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Master Circular – Facility for Exchange of Notes and Coins
Posted Date : 19-Jul-2016 , 07:21:39 am | Posted By: CASANSAAR
RBI/2016-17/21
DCM (NE) No.G-1/08.07.18/2016-17
July 18, 2016
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-2/08.07.18/2015-16 dated July 01, 2015containing instructions on the facility for exchange of notes and coins. A revised version of Master Circular on the subject isannexedfor your informati...
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Sovereign Gold Bonds, 2016-17 - Operational Guidelines
Posted Date : 15-Jul-2016 , 07:57:18 am | Posted By: CASANSAAR
RBI/2016-17/19
IDMD.CDD.No.112/14.04.050/2016-17
July 14, 2016
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
Dear Sir/Madam,
Sovereign Gold Bonds, 2016-17 - Operational Guidelines
This has reference to theGoI notification F.No.4(7)-W&M/2016andRBI circular IDMD.CDD.No.2020/14.04.050/2016-17 dated Ju...
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Master Circular – Mobile Banking transactions in India – Operative Guidelines for Banks
Posted Date : 15-Jul-2016 , 07:56:34 am | Posted By: CASANSAAR
RBI/2016-17/17
DPSS.CO.PD.Mobile Banking.No./2/02.23.001/2016-2017
July 1, 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
Madam /Dear Sir,
Master Circular – Mobile Banking transactions in India – Operative Guidelines for...
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Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India
Posted Date : 15-Jul-2016 , 07:55:34 am | Posted By: CASANSAAR
RBI/2016-2017/16
DPSS.CO.PD.PPI.No.01/02.14.006/2016-17
July 01, 2016
All Prepaid Payment Instrument Issuers, System Providers, System Participants
and all other Prospective Prepaid Payment Instrument Issuers
Madam / Dear Sir,
Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India
As you are aware, the Reserve Bank of India has, from time to time, issued a number of circulars containing policy guidelines on Issuance and Opera...
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Facility for Exchange of Soiled/ Mutilated/ Imperfect Notes
Posted Date : 15-Jul-2016 , 07:53:55 am | Posted By: CASANSAAR
RBI/2016-17/15
DCM (NE) No.120/08.07.18/2016-17
July 14, 2016
Chairman and Managing Director/
Managing Director / Chief Executive Officer
All Banks
Dear Sir / Madam,
Facility for Exchange of Soiled/ Mutilated/ Imperfect Notes
Please refer toReserve Bank of India (Note Refund) Rules, 2009(NRR, 2009) andMaster Circular DCM (NE) No.G-2/08.07.18/2015-16 dated July 1, 2015on the captioned subject.
2. The facility of exchanging mutilated/ imperfect notes is available under Note Re...
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RBI |
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Investments in Non-SLR instruments by State / Central Co-operative Banks
Posted Date : 15-Jul-2016 , 07:53:12 am | Posted By: CASANSAAR
RBI/2016-17/14
DCBR.BPD.BC.No. 01/19.51.026/2016-17
Ashadha 23, 1938
July 14, 2016
All State / Central Co-operative Banks
Dear Sir / Madam,
Investments in Non-SLR instruments by State / Central Co-operative Banks
Please refer to ourcirculars RPCD.CO.RF.BC.26/07.02.03/2005-06 dated August 4, 2005andDCBR.CO.RCBD.BC.No.5/19.51.026/2015-16 dated October 21, 2015on the captioned subject.
2. With a view to providing greater flexibility to State and Central Co-operative Banks (StCBs...
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RBI |
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Revision of interest rates for Small Savings Schemes
Posted Date : 09-Jul-2016 , 11:41:47 am | Posted By: CASANSAAR
Please refer to ourcircular RBI/2014-15/536 dated April 1, 2015on the above subject. The Government of India, have vide their Office Memorandum (OM) No.F.No. 1/04/2016 –NS.II dated March 18, 2016, advised the revised rate of interest on various small savings schemes for the first quarter of the financial year 2016-17 (copy enclosed).
2. The contents of this circular may be brought to the notice of the branches of your bank operating Government small saving schemes for necessary action. ...
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Master Direction - Other Remittance Facilities
Posted Date : 09-Jul-2016 , 11:16:15 am | Posted By: CASANSAAR
All Primary (Urban) Co-operative Banks (UCBs),
State / District Central Co-operative Banks (StCBs / DCCBs)
Dear Sir / Madam
Long Term (Subordinated) Deposits (LTDs) – Review of guidelines
Please refer to ourcirculars UBD.PCB.Cir.No.4/09.18.201/08-09 dated July 15, 2008andRPCD.RCB.BC.73/07.51.012/2013-14 dated January 7, 2014prescribing guidelines for issue of Long Term (Subordinated) Deposits by UCBs and StCBs/DCCBs respectively.
2. On a review, it has been decided to provide ...
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