| Notifications/Circulars |
Category : RBI |
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Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs - RBI
Posted Date : 24-Jun-2016 , 08:43:27 am | Posted By: CASANSAAR
RBI/2015-16/433
DNBS (PPD) CC.No./04/66.14.001/2015-16
June 23, 2016
To CEOs of All NBFCs (excluding RNBCs) and
The President of ICAI
Dear Sir/Madam,
Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs
Please refer to theNotification No. DNBS 192/DG (VL) dated Feb 22, 2007prescribing Prudential Norms Directions. In terms of the extant instructions, all NBFCs are req...
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RBI |
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Reporting of Information on Investment in Commercial Papers and Unhedged Foreign Currency Exposures of the Borrowers to Credit Information Companies
Posted Date : 24-Jun-2016 , 08:42:42 am | Posted By: CASANSAAR
RBI/2015-16/432
DBR.CID.BC. 107/20.16.056/2015-16
June 23, 2016
All Scheduled Commercial Banks
All India Financial Institutions
Credit Information Companies
Dear Sir / Madam
Reporting of Information on Investment in Commercial Papers and Unhedged Foreign Currency Exposures of the Borrowers to Credit Information Companies
Please refer to ourcircular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014advising banks to implement certain recommendations of the Committee to Rec...
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RBI |
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Implementation of Indian Accounting Standards (Ind AS) - RBI
Posted Date : 24-Jun-2016 , 08:39:59 am | Posted By: CASANSAAR
RBI/2015-16/429
DBR.BP.BC.No.106/21.07.001/2015-16
June 23, 2016
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Madam / Dear Sir,
Implementation of Indian Accounting Standards (Ind AS)
Please refer tocircular DBR.BP.BC.No.76/21.07.001/2015-16 dated February 11, 2016on the captioned subject in terms of which banks have been directed to be in preparedness to submit Proforma Ind AS Financial Statements to the Reserve Bank from the half-year ended September 30, 2016...
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RBI |
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Reporting Requirements under Basel III Capital Regulations- Review
Posted Date : 24-Jun-2016 , 08:39:17 am | Posted By: CASANSAAR
RBI/2015-16/428
DBR.BP.BC.No.105/21.06.001/2015-16
June 23, 2016
All Commercial Banks
(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Reporting Requirements under Basel III Capital Regulations- Review
Please refer to the Annexures 3 and 4 of theMaster Circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015on Basel III Capital Regulations in terms of which banks are permit...
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RBI |
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Master Direction - Presentation, Disclosure and Reporting) Directions, 2016
Posted Date : 24-Jun-2016 , 08:38:31 am | Posted By: CASANSAAR
RBI/DBR/2015-16/26
Master Direction DBR.FID.No.108/01.02.000/2015-16
June 23, 2016
Master Direction - Reserve Bank of India (Financial Statements of All India Financial
Institutions - Presentation, Disclosure and Reporting) Directions, 2016
In exercise of the powers conferred by Section 45 L of the Reserve Bank of India Act, 1934, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest and in the interest of financial sector policy so to do,...
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RBI |
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RBI introduce a Scheme for Sustainable Structuring of Stressed Assets
Posted Date : 14-Jun-2016 , 07:56:49 am | Posted By: CASANSAAR
RBI/2015-16/422
DBR.No.BP.BC.103/21.04.132/2015-16
June 13, 2016
All Scheduled Commercial Banks
(Excluding RRBs),
All-India Term-lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Non-Banking Financial Companies
Securitisation Companies/ Reconstruction Companies
Scheme for Sustainable Structuring of Stressed Assets
In order to strengthen the lenders’ ability to deal with stressed assets, Reserve Bank of India has been issuing, from time to time, guide...
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RBI |
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Spread Over of Shortfall on Sale of NPAs to SCs/RCs
Posted Date : 14-Jun-2016 , 07:54:28 am | Posted By: CASANSAAR
RBI/2015-16/423
DBR.No.BP.BC.102/21.04.048/2015-16
June 13, 2016
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances –
Spread Over of Shortfall on Sale of NPAs to SCs/RCs
In terms of paragraph 3.4 ofcircular DBOD.BP.BC.No.98/21.04.132/2013-14 dated February 26, 2014, as an incentive for early sale of non-performing assets (NPAs) to Securitisation Companies/Reconst...
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RBI |
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National Rural livelihoods Mission (NRLM) – Aajeevika - Interest Subvention Scheme
Posted Date : 10-Jun-2016 , 06:53:15 am | Posted By: CASANSAAR
RBI/2015-16/420
FIDD.GSSD.CO.BC.No.26/09.01.03/2015-16
June 09, 2016
The Chairman / Managing Director
All Public Sector Banks
Dear Sir / Madam,
National Rural livelihoods Mission (NRLM) – Aajeevika -
Interest Subvention Scheme
Please refer to ourcircular FIDD.GSSD.CO.BC.No.19/09.01.03/2015-16 January 21, 2016enclosing guidelines on interest subvention scheme under National Rural Livelihoods Mission (NRLM).
2. In partial modification of the Scheme, Ministry of Rural Dev...
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RBI |
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Cyber Security Framework in Banks
Posted Date : 03-Jun-2016 , 07:36:32 am | Posted By: CASANSAAR
RBI/2015-16/418
DBS.CO/CSITE/BC.11/33.01.001/2015-16
Jyeshtha 12, 1938 (saka)
June 2, 2016
To
The Chairman/ Managing Director /Chief Executive Officer
All Scheduled Commercial Banks (excluding Regional Rural Banks)
Madam / Dear Sir,
Cyber Security Framework in Banks
Introduction
Use of Information Technology by banks and their constituents has grown rapidly and is now...
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RBI |
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Refinancing of Project loans
Posted Date : 03-Jun-2016 , 07:35:36 am | Posted By: CASANSAAR
RBI/2015-16/417
DNBR.CC.PD.No.082/03.10.001/2015-16
June 02, 2016
To
All Non-Banking Financial Companies
Dear Sirs,
Refinancing of Project Loans
Please refer tocircular DNBS.(PD).CC.No.371/03.05.02/2013-14 dated March 21, 2014, issued by Department of Non-Banking Supervision on Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy.
2. In view of the references received ...
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RBI |
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ATMs - Security and Risk Mitigation Measures for Card Present (CP) Transactions
Posted Date : 27-May-2016 , 07:56:43 am | Posted By: CASANSAAR
RBI/2015-2016/413
DPSS.CO.PD.No./2895/02.10.002/2015-2016
May 26, 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
Madam / Sir,
ATMs - Security and Risk Mitigation Measures for Card Present (CP) Transactions
Please refer to ourcircu...
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RBI |
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Credit information reporting in respect of Self Help Group (SHG) members
Posted Date : 27-May-2016 , 07:53:53 am | Posted By: CASANSAAR
RBI/2015-16/409
DCBR.BPD.Cir.No.17/16.74.000/2015-16
Jyeshtha 5, 1938 (saka)
May 26, 2016
The Chief Executive Officers
All Primary (Urban) Co-operative Banks,
State / Central Co-operative Banks
Dear Sir/Madam
Credit information reporting in respect of Self Help Group (SHG) members
Please refer to the instructions contained in paragraph (v) of the Annex II/III to ourcirculars UBD...
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RBI |
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Review of Framework for Revitalising Distressed Assets in the Economy and Strategic Debt Restructuring Mechanism
Posted Date : 27-May-2016 , 07:53:00 am | Posted By: CASANSAAR
RBI/2015-16/408
DNBR.CC.PD.No.081/03.10.01/2015-16
May 26, 2016
To
All Non-Banking Financial Companies (NBFCs)
Madam/Sir,
Review of Framework for Revitalising Distressed Assets in the Economy and Strategic Debt Restructuring Mechanism
The Reserve Bank of India (the Bank) has issued various guidelines aimed at revitalising the stressed assets in the economy. The measures taken by the Bank include Strategic Debt Restructuring Mechanism, Framework to Revitalise the Distressed Asset...
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RBI |
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Cessation of UBS AG as a banking company within the meaning of sub-section (2) of Section 36(A) of the Banking Regulation Act, 1949
Posted Date : 20-May-2016 , 09:09:23 am | Posted By: CASANSAAR
RBI/2015-16/404
DBR.No.Ret.BC.100/12.07.124A/2015-16
May 19, 2016
All Scheduled Commercial Banks
Dear Sir,
Cessation of UBS AG as a banking company within the meaning of
sub-section (2) of Section 36(A) of the Banking Regulation Act, 1949
We advise that the “UBS AG” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 vide Notification DBR.IBD....
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RBI |
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Repo / Reverse Repo Transactions with RBI
Posted Date : 20-May-2016 , 09:08:36 am | Posted By: CASANSAAR
RBI/2015-2016/403
FMRD.DIRD. 10 /14.03.002/2015-16
May 19, 2016
All RBI regulated eligible entities
Dear Sir,
Repo / Reverse Repo Transactions with RBI
Please refer to ourcircular IDMD/4135/11.08.43/2009-10 dated March 23, 2010on accounting of repo/reverse repo transactions under market repo. As mentioned therein, these accounting norms were not applicable to repo / reverse repo transactions conducted under the Liquidity Adjustment Facility (LAF) with RBI.
2. It has now been d...
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RBI |
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Investment in Credit Information Companies
Posted Date : 20-May-2016 , 09:06:13 am | Posted By: CASANSAAR
RBI/2015-16/400
DBR.CID.BC.No.98/20.16.042/2015-16
May 19, 2016
All Credit Information Companies
Investment in Credit Information Companies
In exercise of the powers conferred by sub-section (1) of Section 11 of Credit Information Companies (Regulation) Act, 2005, and in supersession of its direction onInvestment in Credit Information Companies (CICs) dated November 29, 2013, Reserve Bank of India, being satisfied that it is necessary and expedient in the public interest to do so, h...
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RBI |
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Frauds in UCBs: Changes in Monitoring and Reporting mechanism
Posted Date : 20-May-2016 , 09:05:22 am | Posted By: CASANSAAR
RBI/2015-16/399
DCBS.CO.Cir.No.001/12.17.001/2015-16
May 19, 2016
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Dear Sir / Madam,
Frauds in UCBs: Changes in Monitoring and Reporting mechanism
Please refer to ourMaster circular no. DCBR.CO.BPD.MC.No.1/12.05.001/2015-16 on Frauds- Classification and Reporting dated July 01, 2015.
2. On a review, it has been decided to change the fraud monitoring and reporting mechanism at the Regional Offices and Central Fr...
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RBI |
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Guidelines for Voluntary surrender of Certificate of Authorisation (COA) by Payment System Operators
Posted Date : 13-May-2016 , 06:51:14 am | Posted By: CASANSAAR
RBI/2015-16/396
DPSS.CO.AD.No.2627/02.27.005/2015-16
May 12, 2016
To,
All entities authorised under the Payment & Settlement Systems Act, 2007 (PSS Act)
Dear Sir/Madam,
Guidelines for Voluntary surrender of Certificate of Authorisation (COA) by Payment System Operators (PSOs) authorised under PSS Act 2007
As you are aware, in terms of section 4 of the Payment and Settlement Systems Act, 2007 (PSS Act) it is mandatory to seek authorisation from the Reserve Bank of India (th...
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RBI |
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Currency Distribution & Exchange Scheme (CDES) for bank branches based on performance in rendering customer service to the members of public
Posted Date : 05-May-2016 , 08:51:12 pm | Posted By: CASANSAAR
RBI/2015-16/393
DCM (CC) No.G-10/3352/03.41.01/2015-16
May 05, 2016
The Chairman & Managing Director /
Chief Executive Officer,
All Banks
Madam / Dear Sir,
Currency Distribution & Exchange Scheme (CDES) for bank branches based on performance in rendering customer service to the members of public
Please refer to ourCircular DCM (CC) No.4846/03.41.01/2014-15 dated May 21, 2015on“The Scheme of Incentives & Penalties – Review”.
2. As advised therein...
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RBI |
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Transactions in derivatives by regulated institutional entities on electronic platforms
Posted Date : 05-May-2016 , 08:50:17 pm | Posted By: CASANSAAR
RBI/2015-16/392
FMRD.DIRD.No.9/14.03.01/2015-16
May 5, 2016
All Market Participants
Dear Madam/Sir,
Transactions in derivatives by regulated institutional entities on electronic platforms
A reference is invited topara 37of the First Bi-monthly Monetary Policy Statement announced on April 5, 2016, in terms of which, it was proposed to review the existing guidelines on OTC derivatives in order to make participation in OTC derivative markets through electronic platforms more broad-b...
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RBI |
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Discontinuation of Statements on Special Agriculture Credit Plan (SACP)
Posted Date : 05-May-2016 , 08:49:29 pm | Posted By: CASANSAAR
RBI/2015-16/391
FIDD. No. FSD. BC.24/05.05.014/2015-16
May 5, 2016
The Chairman/ Managing Director /
Chief Executive Officer
[All Scheduled Commercial Banks, (excluding Regional Rural Banks)]
Madam / Dear Sir,
Discontinuation of Statements on Special Agriculture Credit Plan (SACP)
In order to monitor and augment the flow of credit to Agriculture, Special Agriculture Credit Plans (SACP) were introduced for Public Sector banks in 1994 and extended to Private Sector Banks in 2004....
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RBI |
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No Report Required for Compliance with Jilani Committee Recommendations - RBI
Posted Date : 29-Apr-2016 , 07:59:34 am | Posted By: CASANSAAR
RBI/2015-16/383
Ref.DBS.CO.PPD.BC.No.10/11.01.005/2015-16
April 28, 2016
The Chairman/Chief Executive
All Scheduled Commercial Banks (Excluding RRBs)
Madam/Dear Sir,
Compliance with Jilani Committee Recommendations
We invite attention to our circular DBS.CO.PPD.BC.No.39/11.01.005/99-2000 dated June 28, 2000 on Jilani Committee recommendations relating to frauds and malpractices in ban...
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Category :
RBI |
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F-TRAC – Counterparty Confirmation
Posted Date : 29-Apr-2016 , 07:55:09 am | Posted By: CASANSAAR
RBI/2015-16/387
FMRD.FMID.8/14.01.02/2015-16
April 28, 2016
All RBI regulated entities
Madam/Sir,
F-TRAC – Counterparty Confirmation
A reference is invited to RBIcircular FMRD.FMID.01/14.01.02/2014-15 dated December 19, 2014waiving the requirement of exchange of physical confirmation of trades matched on the Financial Market Trade Reporting and Confirmation Platform (“F- TRAC”) of the Clearcorp Dealing Systems (India) Ltd. subject to certain conditions.
2. On...
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RBI |
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Risk Weight in respect of investments in Corporate Bonds by Standalone Primary Dealers (SPDs)
Posted Date : 29-Apr-2016 , 07:54:25 am | Posted By: CASANSAAR
RBI/2015-16/388
DNBR.CO.PD.No.080/03.10.01/2015-16
April 28, 2016
All Standalone Primary Dealers
Madam/ Sir,
Risk Weight in respect of investments in Corporate Bonds
by Standalone Primary Dealers (SPDs)
In terms of the Capital Adequacy Standards and Risk Management Guidelines for SPDs, risk weight of 100% has been stipulated in respect of investments in corporate bonds, for the purpose of calculating capital adequacy.
2. On a review, in order to bring parity with risk weights...
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RBI |
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Infrastructure Debt Funds (IDFs)
Posted Date : 22-Apr-2016 , 08:05:07 am | Posted By: CASANSAAR
RBI/2015-16/381
DNBR(PD).CC.No. 079/03.10.001/2015-16
April 21, 2016
All Infrastructure Debt Fund- Non-Banking Financial Companies (IDF-NBFCs)
Madam/ Sir,
Infrastructure Debt Funds (IDFs)
Please refer to the Infrastructure Debt Fund-Non-Banking Financial Companies (Reserve Bank) Directions, 2011 issued videNotification No.DNBS.233/CGM(US)-2011 dated November 21, 2011(the Directions) prescribing detailed guidelines on the regulatory framework for NBFCs to sponsor IDFs which are to...
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RBI |
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Unsecured Exposure Norms for UCBs – Relaxation
Posted Date : 22-Apr-2016 , 08:04:21 am | Posted By: CASANSAAR
RBI/2015-16/380
DCBR.CO.BPD. (PCB). No.15/13.05.000/2015-16
Vaishakha 01, 1938
April 21, 2016
The Chief Executive Officers
All Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Unsecured Exposure Norms for UCBs – Relaxation
Please refer to ourcirculars UBD.BPD. (PCB) Cir No.45/13.05.000/2012-13 dated April 03, 2013andUBD. CO. BPD. (PCB) Cir. No.29/13.05.000/2013-14 dated October 10, 2013on the captioned subject permitting UCBs fulfilling certain conditions to grant unsec...
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RBI |
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Guidelines on Investment Advisory Services offered by Banks
Posted Date : 22-Apr-2016 , 08:03:36 am | Posted By: CASANSAAR
RBI/2015-16/379
DBR.No.FSD.BC.94/24.01.026/2015-16
April 21, 2016
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir/Madam,
Guidelines on Investment Advisory Services offered by Banks
Please refer toparagraphs 86, 87 and 88of the Monetary Policy Statement 2013-14 and the subsequentdraft guidelines on Wealth Management/Marketing/Distribution Services offered by Banks issued on June 28, 2013, seeking comments of stakeholders. The draft guidelines dealt with, inter alia, Inve...
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RBI |
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Publicity in the bank branches cautioning public against placing deposits in dubious schemes
Posted Date : 22-Apr-2016 , 08:02:46 am | Posted By: CASANSAAR
RBI/2015-16/378
DBR.No.Leg.BC.93/09.07.005/2015-16
April 21, 2016
The Chairman/Chief Executives of
All Scheduled Commercial Banks including Regional Rural Banks/
Local Area Banks
Dear Sir,
Publicity in the bank branches cautioning public against
placing deposits in dubious schemes
You may be aware that in the recent years there have been several incidents of unscrupulous entitie...
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Category :
RBI |
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RBI Circular - Provisioning pertaining to Fraud Accounts
Posted Date : 19-Apr-2016 , 07:18:14 am | Posted By: CASANSAAR
RBI/2015-16/376
DBR.No.BP.BC.92/21.04.048/2015-16
April 18, 2016
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Provisioning pertaining to Fraud Accounts
Please refer tocircular DBR.No.BP.BC.83/21.04.048/2014-15 dated April 1, 2015on the captioned subject. On a review, it has been decided to amend the provisioning norms in respect of all cases of fraud, as under:
Banks should normally provide for the entire amount due to the bank or for which ...
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RBI |
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Overseas Direct Investment - Submission of Annual Performance Report
Posted Date : 14-Apr-2016 , 01:05:44 pm | Posted By: Mahender
To
All Category - I Authorised Dealer Banks
Madam/Sir,
Overseas Direct Investment - Submission of Annual Performance Report
Attention of the Authorised Dealer (AD - Category I) banks is invited to theNotification No. FEMA 120/RB-2004 dated July 7, 2004[Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2004] (the Notification), as amended from time to time. Attention of AD Category – I banks is also invited toA. P. (DIR Se...
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