| Notifications/Circulars |
Category : RBI |
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Gold Monetisation Scheme, 2015
Posted Date : 01-Apr-2016 , 07:16:39 am | Posted By: CASANSAAR
RBI/2015-16/353
DBR.IBD.BC.89/23.67.001/2015-16
March 31, 2016
All Scheduled Commercial Banks (excluding RRBs)
Dear Sir/Madam,
Gold Monetisation Scheme, 2015
In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, theReserve Bank of India hereby directs that the Reserve Bank of India(Gold Monetisation Scheme, 2015)Master Direction No.DBR.IBD.No.45/23.67.003/2015-16...
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RBI |
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Risk Based Supervision – Follow up of Risk Management Systems in Banks
Posted Date : 01-Apr-2016 , 07:15:46 am | Posted By: CASANSAAR
RBI/2015-16/352
DBS.CO.PPD.10887/11.01.005/2015-16
March 31, 2016
The Chairman/ The Chief Executive Officer
All Scheduled Commercial Banks
(Excluding RRBs)
Madam/Dear Sir,
Risk Based Supervision – Follow up of Risk Management Systems in Banks
We invite your kind attention to the provisions contained in ourCircular No. DBS.CO.PPD.BC/14//11.01.005/2003-04dated June 26, 2004, in ter...
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RBI |
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Special Clearing operations on March 30 and 31, 2016
Posted Date : 29-Mar-2016 , 06:47:11 am | Posted By: CASANSAAR
RBI/2015-16/347
DPSS.CO.CHD.No./2313/03.01.03/2015-16
March 28, 2016
The Chairman and Managing Director / Chief Executive Officer
All Scheduled Commercial Banks including Regional Rural Banks/
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks/Local Area Banks
Madam / Dear Sir,
Special Clearing operations on March 30 and 31, 2016
A reference is invited to the circular issued by our Department of Government and Bank Accounts (DGBA.GAD.No.2...
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RBI |
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Section 23 of Banking Regulation Act, 1949 (AACS) – Extending Value-Added Services through ATMs
Posted Date : 25-Mar-2016 , 07:28:10 am | Posted By: CASANSAAR
RBI/2015-16/345
DCBR.CO.BPD.BC.No.13/19.51.008/2015-16
Chaitra 03, 1938
March 23, 2016
All Primary (Urban) Co-operative Banks /
State Co-operative Banks
Dear Sir / Madam,
Section 23 of Banking Regulation Act, 1949 (AACS) – Extending Value-Added Services through ATMs
Please refer to ourcircular DCBR.CO.LS (PCB) Cir.No.2/07.01.000/2015-16 dated July 30, 2015wherein the services tha...
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RBI |
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Liquidity Risk Management & Basel III Framework on Liquidity Standards
Posted Date : 25-Mar-2016 , 07:27:20 am | Posted By: CASANSAAR
RBI/2015-16/344
DBR.BP.BC.No.86/21.04.098/2015-16
March 23, 2016
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir/Madam,
Liquidity Risk Management & Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Please refer to our following circulars on Liquidity Risk Framework:
DBOD.BP.No.56/21.04.098/2012-13 dated November 7, 2012on “Liquidity Risk Management by Banks.&...
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Pradhan Mantri Fasal Bima Yojana
Posted Date : 18-Mar-2016 , 07:18:04 am | Posted By: CASANSAAR
RBI/2015-16/341
FIDD.No.FSD.BC.20/05.10.007/2015-16
March 17, 2016
The Chairman/Managing Director/Chief Executive Officer
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Madam / Dear Sir,
Pradhan Mantri Fasal Bima Yojana
As you are aware, Government of India has recently approved Pradhan Mantri Fasal Bima Yojana (PMFBY) which would replace the existing schemes of National Agricultural Insurance Scheme (NAIS) & Modified National Agricultural Insurance Scheme ...
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RBI |
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Recovery of excess payments made to pensioners
Posted Date : 18-Mar-2016 , 07:16:58 am | Posted By: CASANSAAR
RBI/2015-16/340
DGBA.GAD.No.2960/45.01.001/2015-16
March 17, 2016
The Chairman / Chief Executive Officer
All Agency Banks
Dear Sir,
Recovery of excess payments made to pensioners
We have been receiving complaints from pensioners stating that the recovery of excess/wrong pension payments are being made in a manner that is not in keeping with the extant guidelines. In this connection, the instructions contained in circular Nos. CO.DGBA (NBS) No. 44/GA.64 (11-CVL) 90/91 dated April...
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RBI |
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Participation of Standalone Primary Dealers in Currency Futures Market
Posted Date : 18-Mar-2016 , 07:15:53 am | Posted By: CASANSAAR
RBI/2015-16/339
FMRD.FMD.No. 02.03.183/7/2015-16
March 17, 2016
All Standalone Primary Dealers
Dear Sir,
Participation of Standalone Primary Dealers in Currency Futures Market
A reference is invited toA.P. (DIR Series) Circular No. 05 dated August 06, 2008,in terms of whichpersons resident in India are permitted to participate in the currency futures market in India subject to directions contained i...
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Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs)
Posted Date : 18-Mar-2016 , 07:15:19 am | Posted By: CASANSAAR
RBI/2015-16/338
FIDD.MSME & NFS.BC.No.21/06.02.31/2015-16
March 17, 2016
All Scheduled Commercial Banks
(Excluding RRBs)
Madam / Sir,
Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs)
In order to provide a simpler and faster mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion and development of MSMEs, the Ministry of Micro, Small and Medium Enterprises, Government of India, vide their Gazette Notifica...
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RBI |
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NEFT – Customer Service and Charges – Adherence to Procedural Guidelines and Circulars
Posted Date : 18-Mar-2016 , 07:13:53 am | Posted By: CASANSAAR
RBI/2015-16/337
DPSS.CO.EPPD No.2157/04.03.01/2015-16
March 17, 2016
The Chairman and Managing Director / Chief Executive Officer
of member banks participating in NEFT
NEFT – Customer Service and Charges – Adherence to Procedural Guidelines and Circulars
We invite reference toPara 7 of circular DPSS.CO.EPPD No.1583/04.03.01/2013-14 dated January 21, 2014on the captioned subject wherein banks were advised to submit data pertaining to NEFT transactions by walk-in customer...
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Application of Minimum Capital Adequacy Norms to State and Central Cooperative Banks (StCBs/DCCBs)
Posted Date : 14-Mar-2016 , 07:41:08 am | Posted By: CASANSAAR
RBI/2015-16/335
DCBR.CO.RCBD.Cir.No. 12/19.51.012/2015-16
Phalguna 20, 1937
March 10, 2016
The Chairman/Managing Director
All State and Central Cooperative Banks
Dear Sir / Madam,
Application of Minimum Capital Adequacy Norms to State and Central Cooperative Banks (StCBs/DCCBs)
Please refer to thecirculars RPCD.CO.RF.BC.40/07.38.03/2007-08 dated December 4, 2007andRPCD.RCB.BC.73/07.51.012/2013-14 dated January 7, 2014on the captioned subject.
2. On a review of extant instruc...
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RBI |
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Review of risk weights assigned to sovereign debt
Posted Date : 14-Mar-2016 , 07:40:27 am | Posted By: CASANSAAR
RBI/2015-16/336
DNBR (PD) CC.No.076/03.10.001/2015-16
March 10, 2016
All Non-Banking Financial Companies (excluding RNBCs)
Madam/ Sir,
Review of risk weights assigned to sovereign debt
In terms of the extant directions, deposit accepting NBFCs, systemically important non-deposit taking NBFCs, all NBFC-MFIs and all NBFC-IFCs shall maintain a minimum capital ratio consisting of Tier I and Tier II capital which shall not be less than 15 per cent of its aggregate risk weighted assets...
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RBI |
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RBI Circular - Sovereign Gold Bonds- 2016 Series-II
Posted Date : 06-Mar-2016 , 07:37:05 am | Posted By: CASANSAAR
RBI/2015-16/333
IDMD.CDD.No. 2020/14.04.050/2015-16
March 04, 2016
The Chairman& Managing Director
All Scheduled Commercial Banks,
(Excluding RRBs)
Stock Holding Corporation of India Ltd.( SHCIL)
Dear Sir/Madam,
Sovereign Gold Bonds- 2016 Series-II
Government of India has vide itsNotification F.No. 4(19)-W&M/2014 dated March 04, 2016announced that the Sovereign Gold Bonds, 2016 (“the Bonds”) will be open for subscription from March 8, 2016 to March 14, 2016...
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RBI |
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RBI Master Circular – Basel III Capital Regulations - Revision
Posted Date : 01-Mar-2016 , 08:06:43 pm | Posted By: CASANSAAR
RBI/2015-16/331
DBR.No.BP.BC.83/21.06.201/2015-16
March 1, 2016
All Scheduled Commercial Banks
(Excluding Local Area Banks
and Regional Rural Banks)
Madam / Sir,
Master Circular – Basel III Capital Regulations - Revision
Please refer toMaster Circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015on ‘Basel III Capital Regulations’. The treatment of certain balance sheet items, as per the extant regulations on banks’ capital, differs from what is pre...
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RBI |
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Review of Prudential Guidelines - Revitalising Stressed Assets in the Economy
Posted Date : 27-Feb-2016 , 08:50:09 am | Posted By: CASANSAAR
RBI/2015-16/330
DBR.BP.BC.No.82/21.04.132/2015-16
February 25, 2016
All Scheduled Commercial Banks
(excluding RRBs)
All-India Term-lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Review of Prudential Guidelines - Revitalising Stressed Assets in the Economy
The Reserve Bank of India has issued various guidelines aimed at revitalising the stressed assets in the economy. The measures taken by the Reserve Bank include Strategic Debt Restructuring ...
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RBI |
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NBFC – Factors (Reserve Bank) Directions, 2012 – Review
Posted Date : 20-Feb-2016 , 07:52:04 am | Posted By: CASANSAAR
RBI/2015-16/326
DNBR.CC.PD.No.074/03.10.01/2015-16
February 18, 2016
To
All Non-Banking Financial Companies (NBFCs) – Factors.
NBFC – Factors (Reserve Bank) Directions, 2012 – Review
The Reserve Bank of India had reviewed the guidelines on provision of factoring services by banks and specified certain conditions under which banks can departmentally undertake factoring activities. To ensure against regulatory gaps/ arbitrage if any, arising from differential regu...
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RBI |
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Frauds - Future approach towards monitoring of frauds in NBFCs
Posted Date : 20-Feb-2016 , 07:51:17 am | Posted By: CASANSAAR
RBI/2015-16/327
DNBR (PD) CC.No.075/03.10.001/2015-16
February 18, 2016
All Deposit taking NBFCs (including RNBCs) and
NBFCs- ND-SI
Madam/ Sir,
Frauds - Future approach towards monitoring of frauds in NBFCs
Please refer tocirculars DNBS.PD.CC.No.127/ 03.10.42/2008-09 dated August 14, 2008,DNBS.PD.CC.No.256/03.10.042/2011-12 dated March 02, 2012andDNBS.PD.CC.No.314/03.10.042/2012-13 dated Dece...
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RBI |
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Legal Guardianship Certificates issued under the Mental Health Act, 1987
Posted Date : 12-Feb-2016 , 07:51:48 am | Posted By: CASANSAAR
RBI/2015-16/321
DBR.No.Leg.BC.78/09.07.005/2015-16
February 11, 2016
The Chairman/Chief Executives
(All Scheduled Commercial Banks other than RRBs)
Dear Sir,
Legal Guardianship Certificates issued under the Mental Health Act, 1987
Please refer toCircular DBOD.No.Leg.BC.84/09.07.005/2013-14 dated January 13, 2014wherein banks were advised, inter alia, to take note of the legal provisions in the Mental Health Act, 1987 and that they may rely on and be guided by the orders/certific...
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RBI |
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Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
Posted Date : 12-Feb-2016 , 07:50:46 am | Posted By: CASANSAAR
RBI/2015-16/320
DBR. BP. BC. No. 77/21.04.098/2015-16
February 11, 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, 2014andDBR.BP.BC.No.52/21.04.098/2014-15 dated November 28, 2014on ‘Basel III Framework on Liquidity Standards – Liqui...
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RBI |
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Regulatory Relaxations for Startups- Clarifications relating to Issue of Shares
Posted Date : 12-Feb-2016 , 07:50:01 am | Posted By: CASANSAAR
RBI/2015-16/319
A.P. (DIR Series) Circular No. 52
February 11, 2016
To,
All Authorised Dealer Category – I Banks
Madam/Sir,
Regulatory Relaxations for Startups- Clarifications relating to Issue of Shares
Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000, notified by the Reserve Bank videNotification No. FEMA. 20/2000-RB dated ...
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Regulatory relaxations for start-ups- Clarifications relating to acceptance of payments
Posted Date : 12-Feb-2016 , 07:49:05 am | Posted By: CASANSAAR
RBI/2015-16/318
A.P. (DIR Series) Circular No. 51
February 11, 2016
To,
All Authorised Dealer Category – I Banks
Madam/Sir,
Regulatory relaxations for start-ups- Clarifications relating to acceptance of payments
Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2000, notified by the Reserve Bank videNotification No. FEMA. 10 (R) /2015-RB da...
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RBI |
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Compilation of R-Returns: Reporting under FETERS
Posted Date : 12-Feb-2016 , 07:48:20 am | Posted By: CASANSAAR
RBI/2015-16/317
A.P. (DIR Series) Circular No. 50
February 11, 2016
To,
All Authorised Dealers in Foreign Exchange
Madam / Sir,
Compilation of R-Returns: Reporting under FETERS
Attention of Authorised Dealer (Category I) banks is invited toA.P.(DIR Series) Circular No.84 dated February 29, 2012giving guidelines for compilation of R-Returns for reporting under the Foreign Exchange Transactions Electronic Reporting System (FETERS),A.P.(DIR Series) Circular No.101 dated February ...
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Withdrawal of all old series of Banknotes issued prior to 2005
Posted Date : 12-Feb-2016 , 07:47:27 am | Posted By: CASANSAAR
RBI/2015-16/316
DCM (Plg) No.G- 9/2856/10.27.00/2015-16
February 11, 2016
The Chairman / Managing Director / Chief Executive Officer
All State Co-operative Banks / District Central Co-operative Banks
Madam / Dear Sir,
Withdrawal of all old series of Banknotes issued prior to 2005
Please refer to ourcircular DCM (Plg) No.G-15/5486/10.27.00/2014-15 dated June 26, 2015and thePress Release dated June 25, 2015on the captioned subject.
2. On a review of the matter, it has been deci...
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RBI |
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Implementation of Indian Accounting Standards (Ind AS) - RBI
Posted Date : 12-Feb-2016 , 07:46:39 am | Posted By: CASANSAAR
RBI/2015-16/315
DBR.BP.BC.No.76/21.07.001/2015-16
February 11, 2016
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
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 implementa...
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Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015
Posted Date : 05-Feb-2016 , 08:22:48 am | Posted By: CASANSAAR
RBI/2015-16/309
A.P. (DIR Series) Circular No.44/2015-16 [(1)/10(R)]
February 04, 2016
To
All Category - I Authorised Dealers and Authorised Banks
Madam/ Sir
Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015
Attention of Authorised Dealers (ADs) is invited toA.D.(M.A. Series) Circular No. 11 dated May 16, 2000in terms of which ADs were advised of various Rules, Regulations, Notifications/ Directions issued under the Foreign...
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RBI |
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RTGS service charges for members and customers - Rationalisation
Posted Date : 05-Feb-2016 , 08:20:23 am | Posted By: CASANSAAR
RBI/2015-16/306
DPSS (CO) RTGS No.1926/04.04.002/2015-16
February 4, 2016
The Chairman / Managing Director /
Chief Executive Officer of participants of RTGS
Madam / Sir,
RTGS service charges for members and customers - Rationalisation
A reference is invited to ourcircular DPSS.(CO).RTGS.No.388/04.04.002/2011-2012 dated September 5, 2011.
2. As participants in the RTGS are aware, the RB...
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RBI |
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Provision of Safe Deposit Locker facility by NBFCs
Posted Date : 29-Jan-2016 , 09:53:40 am | Posted By: CASANSAAR
RBI/2015-16/302
DNBR(PD).CC.No. 072/03.10.001/2015-16
January 28, 2016
All Non-Banking Financial Companies (NBFCs)
Dear Sirs,
Provision of Safe Deposit Locker facility by NBFCs
The Bank has received proposals from NBFCs seeking approval for offering safe deposit locker facilities.
In this regard it may be noted that providing safe deposit locker facility is a fee based service and shall not be reckoned as part of the financial business carried out by NBFCs.
NBFCs ...
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RBI |
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Sale of India Gold Coin (IGC)
Posted Date : 22-Jan-2016 , 07:32:38 am | Posted By: CASANSAAR
RBI/2015-16/298
DBR.IBD.BC.75/23.67.001/2015-16
January 21, 2016
All Scheduled Commercial Banks (excluding Regional Rural Banks)
Dear Sir/Madam,
Sale of India Gold Coin (IGC)
As you are aware, MMTC has been authorized by the Central Government to manufacture India Gold Coins (IGC) with Ashok Chakra and supply these coins to the domestic market. MMTC has clarified to the Reserve Bank that the gold used for the IGC will be only that mobilized domestically under the existing Gold De...
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RBI |
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Acceptance of cheques bearing a date as per National Calendar (Saka Samvat) for payment
Posted Date : 22-Jan-2016 , 07:32:00 am | Posted By: CASANSAAR
RBI/2015-16/297
DCBR.BPD.(PCB/RCB). Cir. No. 9 /12.05.001/2015-16
January 21, 2016
The Chief Executive Officers
All Primary (Urban) Co-operative Banks/ State and Central Co-operative Banks (StCBs / CCBs)
Dear Sir/Madam
Acceptance of cheques bearing a date as per National Calendar (Saka Samvat) for payment
As you are aware that Government of India has accepted Saka Samvat as National Calendar with effect from March 22, 1957 and all Government statutory orders, notifications, Acts...
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RBI |
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Fraud Reporting and Monitoring
Posted Date : 22-Jan-2016 , 07:29:27 am | Posted By: CASANSAAR
RBI/2015-16/295
DBS.CO.CFMC.BC.No.007/23.04.001/2015-16
January 21, 2016
The Chairmen / Chief Executive Officers
All Scheduled Commercial Banks (excluding RRBs) /
Local Area Banks / select Financial Institutions
Dear Sir / Madam
Fraud Reporting and Monitoring
1. Operationalisation of Central Fraud Registry
1.1 As you are aware, Governor had announced in hisFourth Bi-monthly Monetary Policy Statement, 2014-15under para 22 as under:
“Along with early detection mechani...
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