Change in Bank Rate - RBI
Posted Date : 05-Oct-2016 , 07:34:10 am | Posted By: CASANSAAR
RBI/2016-17/74
DBR.No.Ret.BC.19/12.01.001/2016-17
October 04, 2016
The Chairperson / CEOs of all Scheduled and Non-Scheduled Banks,
Dear Sir,
Change in Bank Rate
Please refer tocircular DBR.No.Ret.BC.90/12.01.001/2015-16 dated April 05, 2016on the captioned subject.
2. As announced in theFourth Bi-Monthly Monetary Policy Statement 2016-17 dated October 04, 2016, the Bank Rate stands adjusted by 25 basis points from 7.00 per cent to 6.75 per cent with effect from October 04, 20...
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Publishing of photographs of Wilful defaulters
Posted Date : 30-Sep-2016 , 08:05:02 am | Posted By: CASANSAAR
RBI/2016-17/71
DBR.CID. BC. No.17/20.16.003/2016-17
September 29, 2016
The Chairmen / Chief Executive Officers of
All Scheduled Commercial banks (including RRBs),
All India Financial institutions (EXIM Bank, NHB, NABARD and SIDBI)
Dear Sir/Madam
Publishing of photographs of Wilful defaulters
Please refer to ourMaster Circular on Wilful Defaulters DBR.CID.BC.No.22/20.16.003/2015-16 date...
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Aadhaar-based Authentication for Card Present Transactions
Posted Date : 30-Sep-2016 , 08:04:20 am | Posted By: CASANSAAR
RBI/2016-17/70
DPSS.CO.PD No.892/02.14.003/2016-17
September 29, 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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Grant of ‘Certificate of Registration’ – For carrying on the business of Credit Information
Posted Date : 30-Sep-2016 , 08:03:37 am | Posted By: CASANSAAR
RBI/2016-17/69
DBR.CID.BC.16/20.16.040/2016-17
September 29, 2016
All Credit Institutions
Dear Sir / Madam
Grant of ‘Certificate of Registration’ –
For carrying on the business of Credit Information –
Transunion CIBIL Limited
Please refer to ourcircular DBOD.No.CID.BC.84/20.16.042/2011-12 dated March 05, 2012regarding grant of ‘Certificate of Registration’ to Credit Information Bureau (India) Limited.
2. The Company has since changed its n...
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Master Circular- Credit Facilities to Minority Communities – Modification
Posted Date : 30-Sep-2016 , 08:02:38 am | Posted By: CASANSAAR
RBI/2016-17/67
FIDD.GSSD.BC.No.15/09.10.01/2016-17
September 29, 2016
The Chairman/ Managing Director
All Scheduled Commercial Banks
(excluding RRBs and Foreign banks with less than 20 branches)
Dear Sir / Madam,
Master Circular- Credit Facilities to Minority Communities – Modification
Please refer to ourMaster Circular FIDD.GSSD.BC.No.01/09.10.01/2016-17 dated July 01, 2016.
2. In partial modification of the Circular, para 2.1 under “Definition of Minority Commu...
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‘Doubling Farmers’ Income by 2022’ - Measures
Posted Date : 30-Sep-2016 , 08:01:55 am | Posted By: CASANSAAR
RBI/2016-17/66
FIDD.CO.LBS.BC.No.16 /02.01.001/2016-17
September 29, 2016
The Chairman and Managing Directors
SLBC Convener Banks/ Lead Banks
Dear Sir/ Madam,
‘Doubling Farmers’ Income by 2022’ - Measures
As you are aware, the Government of India in the Union Budget 2016-17 had announced its resolve to double the income of farmers by 2022. Several steps have been taken towards attaining this objective including setting up of an inter-ministerial committee for p...
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RBI issues updated master direction on reporting under FEMA
Posted Date : 21-Sep-2016 , 07:58:44 am | Posted By: CASANSAAR
Foreign Exchange Management Act, 1999 (FEMA) is administered through the authorised persons and is based on the declarations and averments made to them by persons while undertaking the transactions. The Reserve Bank, therefore, has prescribed various reports and forms under FEMA to be submitted by/ through Authorised Persons/ Authorised Dealer Category – I Banks/ Authorised Banks. Accurate compilations and timely submission of these reports are of critical importance as they not only act a...
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RBI Circular - Issuance of EMV Chip and PIN Cards
Posted Date : 15-Sep-2016 , 10:06:36 pm | Posted By: CASANSAAR
RBI/2016-17/63
DPSS.CO.PD No.812/02.14.003/2016-17
September 15, 2016
All Scheduled Commercial Banks including RRBs/
Co-operative Banks / State Co-operative Banks/
Central Co-operative Banks/ Authorised Card Payment Networks
Dear Madam / Sir,
Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions – Issuance of EMV Chip and PIN Cards
A reference...
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Income Declaration Scheme, 2016 – Acceptance of Cash Over the Counter
Posted Date : 08-Sep-2016 , 09:47:43 pm | Posted By: CASANSAAR
RBI/2016-17/62
DBR.No.Leg.BC. 13/09.07.005/2016-17
September 8, 2016
The Managing Directors/Chief Executive Officers
All Scheduled Commercial Banks (including RRBs)
Dear Sir,
Income Declaration Scheme, 2016 –
Acceptance of Cash Over the Counter
Please refer to theCircular DBOD.No.Leg.BC.38/09.07.005/2008-09 dated August 28, 2008wherein banks have been advised to ensure that their branches invariably accept cash from all their customers who desire to deposit cash at the co...
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Master Circular on Branch Authorisation - Census data 2011
Posted Date : 02-Sep-2016 , 07:57:26 am | Posted By: CASANSAAR
RBI/2016-17/60
DBR.No.BAPD.BC.12/22.01.001/2016-17
September 1, 2016
All Commercial Banks (excluding RRBs)/
(Including Small Finance Banks and Payments Banks)
Madam/Dear Sir,
Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch
Authorisation - Census data 2011
Please refer to our Master circular on Branch AuthorisationDBOD.No.BAPD.BC.7/22.01.001/2014-15 dated July...
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Merchant Discount Rates (MDR) structure – unbundling of charges
Posted Date : 02-Sep-2016 , 07:56:43 am | Posted By: CASANSAAR
RBI/2016-17/59
DPSS.CO.PD No.639/02.14.003/2016-17
September 1, 2016
All Scheduled Commercial Banks including RRBs/ Co-operative Banks/
State Co-operative Banks/ Central Co-operative Banks/ Authorised Card Payment Networks
Dear Madam / Sir,
Merchant Discount Rates (MDR) structure – unbundling of charges
A reference is invited to our circularsDPSS.CO.PD.No.2361/02.14.003/2011-12 dated June 28, 2012andDPSS.CO.PD.No.27/02.14.003/2012-13 dated July 04, 2012wherein directions p...
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Free Annual Credit Report to Individuals
Posted Date : 02-Sep-2016 , 07:56:06 am | Posted By: CASANSAAR
RBI/2016-17/58
DBR.CID.BC.No.11/20.16.042/2016-17
September 1, 2016
All Credit Information Companies
Dear Sir/Madam
Free Annual Credit Report to Individuals
As you are aware, the Committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies (Chairman: Shri Aditya Puri) constituted by the Reserve Bank of India (RBI) had recommended that each customer of a credit institution should be provided one base level consumer Credit Information Repo...
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Advances against Term Deposits of Non-members
Posted Date : 02-Sep-2016 , 07:55:15 am | Posted By: CASANSAAR
RBI/2016-17/57
DCBR.BPD (PCB).BC.No.3/12.05.001/2016-17
September 1, 2016
The Chief Executive Officers
Salary Earners Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Advances against Term Deposits of Non-members
In terms of our circular UBD.No.BL.(SEB)5A/07.01.00-2001/02 dated August 8, 2001, Salary Earners’ Primary (Urban) Co-operative Banks (SEBs) applying for permission to open branches should ensure, inter alia, that their byelaws do not contain provisions for givin...
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Guidelines on Sale of Stressed Assets by Banks
Posted Date : 02-Sep-2016 , 07:54:32 am | Posted By: CASANSAAR
RBI/2016-17/56
DBR.No.BP.BC.9/21.04.048/2016-17
September 1, 2016
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Guidelines on Sale of Stressed Assets by Banks
The Reserve Bank of India, as part of the Framework for Revitalising Distressed Assets in the Economy, had amended certain guidelines relating to sale of non-performing assets (NPAs) by banks to Securitisatio...
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Targets and Classification: Lending to non-corporate farmers
Posted Date : 02-Sep-2016 , 07:52:10 am | Posted By: CASANSAAR
RBI/2016-17/55
FIDD.CO.Plan.BC.14/ 04.09.01/2016-17
September 1, 2016
The Chairman/ Managing Director
Chief Executive Officer
[All Domestic Scheduled Commercial Banks
(excluding Regional Rural Banks)]
Dear Sir/ Madam,
Priority Sector Lending - Targets and Classification: Lending to non-corporate farmers – System wide average of last three years
It was communicated vide our...
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Sovereign Gold Bonds 2016-17 Series II – Operational Guidelines
Posted Date : 31-Aug-2016 , 07:17:29 am | Posted By: CASANSAAR
RBI/2016-17/54
IDMD.CDD.No.463/14.04.050/2016-17
August 29, 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 Ltd.
Dear Sir/Madam,
Sovereign Gold Bonds 2016-17 Series II – Operational Guidelines
This has reference to theGoI notification F.No.4(7)-W&M/2016andRBI circular IDMD.CDD.No. 462/14...
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Sovereign Gold Bonds 2016-17 – Series II
Posted Date : 31-Aug-2016 , 07:15:35 am | Posted By: CASANSAAR
RBI/2016-17/53
IDMD.CDD.No.462/14.04.050/2016-17
August 29, 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 Ltd.
Dear Sir/Madam,
Sovereign Gold Bonds 2016-17 – Series II
Government of India has, vide itsNotification F.No. 4(7)-W&M/2016 dated August 29, 2016, announced that the Sovereign G...
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RBI |
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Broadcasting of Auction Results and Allotment at Fixed Time
Posted Date : 25-Aug-2016 , 11:11:37 pm | Posted By: CASANSAAR
RBI/2016-17/51
Ref.IDMD/435/08.01.001/2016-17
August 25, 2016
All Market Participants
Dear Sir/Madam,
Broadcasting of Auction Results and Allotment at Fixed Time
As part of the market borrowing programme of the Government of India (GoI) and State Governments, RBI conducts auction of GoI dated securities, Treasury Bills and State Development loans. The auction results are thereafter put out in public domain.
2. It has been decided to provide greater predictability on timing of ...
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Guidelines on Enhancing Credit Supply for Large Borrowers through Market Mechanism
Posted Date : 25-Aug-2016 , 11:10:52 pm | Posted By: CASANSAAR
RBI/2016-17/50
DBR.BP.BC.No.8/21.01.003/2016-17
August 25, 2016
All Scheduled Commercial Banks
(excluding RRBs)
Guidelines on Enhancing Credit Supply for
Large Borrowers through Market Mechanism
Please refer to theDiscussion Paperon the captioned subject issued on May 12, 2016 for comments of the stakeholders. The Discussion Paper proposed a framework for addressing the concentration risk of the banking system arising from its exposures towards a single counterparty.
2. The com...
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RBI |
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Market Repo Transactions in Government Securities Market
Posted Date : 25-Aug-2016 , 11:09:32 pm | Posted By: CASANSAAR
RBI/2016-17/49
FMRD.DIRD.6/14.03.002/2016-17
August 25, 2016
All Market Participants
Dear Sir/Madam,
Market Repo Transactions in Government Securities Market
Please refer toparagraph 34of the fourth Bi-monthly Monetary Policy Statement 2015-16 dated September 29, 2015 wherein it was stated that the Reserve Bank will review restrictions placed on repo transactions, particularly relating to the participation of gilt account holders in the repo market.
2. Accordingly, the eligibi...
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Repo / Reverse repo in Corporate Debt Securities
Posted Date : 25-Aug-2016 , 11:08:44 pm | Posted By: CASANSAAR
RBI/2016-17/48
FMRD.DIRD.5/14.01.009/2016-17
August 25, 2016
To All Market Participants
Dear Sir/Madam,
Repo / Reverse repo in Corporate Debt Securities
A reference is invited to ourcircular FMRD.DIRD.04/14.03.002/2014-15 dated February 3, 2015enclosing the Repo in Corporate Debt Securities (Reserve Bank) Directions, 2015.
2. It has now been decided to permit brokers registered with the Securities and Exchange Board of India (SEBI) and authorised as market makers in corporate ...
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Master Circular – Collection of Direct Taxes - OLTAS
Posted Date : 25-Aug-2016 , 11:07:52 pm | Posted By: CASANSAAR
RBI/2016-17/47
DGBA.GAD.No.458/42.01.034/2016-17
August 25, 2016
To
All agency Banks
Dear Sir / Madam
Master Circular – Collection of Direct Taxes - OLTAS
Please refer to ourMaster Circular DGBA.GAD.No.3/42.01.034/2015-16 dated July 1, 2015on the above subject.
2. Instructions regarding Online Tax Accounting System (OLTAS) and operational aspects of the Direct Tax collection are currently being issued to agency banks directly by various agencies. In view of this, it has...
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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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RBI |
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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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RBI |
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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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RBI |
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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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