| Notifications/Circulars |
Category : 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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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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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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RBI |
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Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director
Posted Date : 14-Apr-2016 , 12:40:54 pm | Posted By: Mahender
To
All Authorised Dealer Banks
Madam / Sir,
Acceptance of deposits by Indian companies from a person resident outside India for nomination as Director
Attention of Authorised Dealers Banks is invited to Regulation 3 of the Foreign Exchange Management (Deposit) Regulations, 2016, notified videNotification No. FEMA 5(R)/2016-RB dated April 1, 2016, in terms of which no person resident in India shall accept any deposit from, or make any deposit with, a person resident outside India.
...
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RBI |
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Non-Banking Financial Company-Micro Finance Institutions (Reserve Bank) Directions, 2011 – Acting as Channelizing Agents for Schemes operated by Central/State Government Agencies
Posted Date : 14-Apr-2016 , 12:34:47 pm | Posted By: Mahender
To
All NBFC-MFIs,
Dear Sir/Madam,
Non-Banking Financial Company-Micro Finance Institutions (Reserve Bank) Directions, 2011 – Acting as Channelizing Agents for Schemes operated by Central/State Government Agencies
Please refer to the Non-Banking Financial Company -Micro Finance Institutions (NBFC-MFIs) (Reserve Bank) Directions, 2011 (the Directions) issued by Reserve Bank of India (the Bank) videNotification DNBS.PD.No.234/ CGM (US)- 2011 dated December 02, 2011as modified from time to...
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RBI |
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Security / Inspection needs and Movement of Treasure
Posted Date : 14-Apr-2016 , 12:29:33 pm | Posted By: Mahender
The Chairman & Managing DirectorChief Executive Officer / Managing DirectorAll Banks having Currency Chests
Madam / Dear Sir,
Security / Inspection needs and Movement of Treasure
Please refer to the guidelines contained in the Technical specifications issued by us vide DCM (CC) No. G-18/03.39.01/2008-09 dated November 14, 2008 in respect of construction of new CCs, wherein the banks were advised to maintain Smoke Detection and Fire Alarm System, as also the Fire Fighting System in good wo...
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RBI |
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Scheme for providing Financial Assistance to Urban Cooperative Banks for Implementation of Core Banking Solution
Posted Date : 14-Apr-2016 , 12:24:01 pm | Posted By: Mahender
Chief Executive OfficersPrimary (Urban) Cooperative Banks
Dear Sir/Madam
Scheme for providing Financial Assistance to Urban Cooperative Banks for Implementation of Core Banking Solution
As announced in the First Bi-monthly Monetary Policy Statement-2016-17 dated April 05, 2016 (copy enclosed), it has been decided to prescribe standards and benchmarks for CBS in UCBs and provide financial assistance and technology support through Institute for Development and Research in Banking Technology (ID...
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RBI |
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Priority Sector Lending Certificates
Posted Date : 08-Apr-2016 , 07:53:25 am | Posted By: CASANSAAR
RBI/2015-16/366
FIDD.CO.Plan.BC.23/04.09.01/2015-16
April 7, 2016
The Chairman/ Managing Director/
Chief Executive Officer
[All Scheduled Commercial Banks
(including Regional Rural Banks)/
Urban Co-operative Banks/ Local Area Banks]
Dear Sir/ Madam,
Priority Sector Lending Certificates
Please refer to Para VIII ofCircular FIDD.CO.Plan.BC 54/04.09.01/2014 – 15 dated April 23, 2015on Priority Sector Lending - Targets and Classifications about introduction of Priority Sect...
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RBI |
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Applicability of Concentration of Credit/ Investment Norms
Posted Date : 08-Apr-2016 , 07:51:47 am | Posted By: CASANSAAR
RBI/2015-16/363
DNBR (PD) CC.No.077/03.10.001/2015-16
April 7, 2016
All Systemically Important Non- Deposit accepting or Holding
Non-Banking Financial Companies (NBFC-NDSI)
Madam/ Sir,
Applicability of Concentration of Credit/ Investment Norms
In terms of second proviso to sub para (1) of para 24 of the Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015, any non-banking financial company not ...
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RBI |
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Oversight of Government Business in Agency Banks
Posted Date : 08-Apr-2016 , 07:50:03 am | Posted By: CASANSAAR
RBI/2015-16/361
DGBA.GAD.No-3147/44.01.001/2015-16
April 07, 2016
The Chairman/ Managing Director/ Chief Executive Officer/
Agency Banks
Dear Sir/ Madam
Oversight of Government Business in Agency Banks
As you are aware, in terms of the agency agreement entered into with agency banks for conduct of government business, the Reserve Bank of India carries out periodical review/inspection of government business. We have so far been conducting such review/inspection at select branches...
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RBI |
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Deendayal Antyodaya Yojana (DAY)-National Urban Livelihoods Mission
Posted Date : 08-Apr-2016 , 07:49:06 am | Posted By: CASANSAAR
RBI/2015-16/360
FIDD.GSSD.CO.BC.No.22/09.16.03/2015-16
April 07, 2016
The Chairman/ Managing Director
All Scheduled Commercial Banks
Dear Sir/Madam,
Deendayal Antyodaya Yojana (DAY)-National Urban Livelihoods Mission
Please refer toMaster circular FIDD.GSSD.CO.BC.No.10/09.16.03/2015-16 dated July 30, 2015on National Urban Livelihoods Mission (NULM) Scheme.
2. With a view to improving the livelihood opportunities for the poor in urban areas, Ministry of Housing and Urban Pover...
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RBI |
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Change in Daily Minimum Cash Reserve Maintenance Requirement
Posted Date : 06-Apr-2016 , 07:55:43 am | Posted By: CASANSAAR
RBI/2015-16/359
DBR.No.Ret.BC.91 /12.01.001/2015-16
April 5, 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 / Madam,
Section 42(1) of the Reserve Bank of India Act, 1934 - Change in
Daily Minimum Cash Reserve Maintenance Requirement
Please refer to ourCircular DBOD.No.Ret.BC.55/12.01.001/2013-14;UBD.BPD.(SCB).CIR No.2/12.03.000/2013-14andRPCD....
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RBI |
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Change in Bank Rate
Posted Date : 06-Apr-2016 , 07:54:44 am | Posted By: CASANSAAR
RBI/2015-16/358
DBR.No.Ret.BC.90/12.01.001/2015-16
April 05, 2016
The Chairperson / CEOs of all Scheduled and Non-Scheduled Banks
Dear Sir / Madam,
Change in Bank Rate
Please refer to ourcircular DBR.No.Ret.BC.42/12.01.001/2015-16 dated September 29, 2015on the captioned subject.
2. As announced in theFirst Bi-Monthly Monetary Policy Statement 2016-17 dated April 05, 2016, the Bank Rate stands adjusted by 75 basis points from 7.75 per cent to 7.0 per cent with effect from Apri...
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RBI |
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Liquidity Adjustment Facility – Repo and Reverse Repo Rates
Posted Date : 06-Apr-2016 , 07:54:07 am | Posted By: CASANSAAR
RBI/2015-2016/357
FMOD.MAOG. No. 112 /01.01.001/2015-16
April 05, 2016
All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers
Madam / Sir,
Liquidity Adjustment Facility – Repo and Reverse Repo Rates
As announced in the Monetary policy by the Governor today, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.75 per cent to6.50 per cent.
Further, the...
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RBI |
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Marginal Standing Facility
Posted Date : 06-Apr-2016 , 07:53:09 am | Posted By: CASANSAAR
RBI/2015-2016/356
FMOD.MAOG. No.113 /01.18.001/2015-16
April 5, 2016
All Scheduled Commercial Banks (excluding RRBs)
Madam / Sir,
Marginal Standing Facility
As announced by the Governor today, it has been decided to reduce the Marginal Standing Facility (MSF) rate by 75 basis points from 7.75 per cent to7.00 percentwith immediate effect.
All other terms and conditions of the current MSF scheme will remain unchanged.
Yours sincerely
(M. Rajeshwar Rao)
Chief General Manag...
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RBI |
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Standing Liquidity Facilities for Primary Dealers
Posted Date : 06-Apr-2016 , 07:51:53 am | Posted By: CASANSAAR
RBI/2015-16/355
REF.No.MPD.BC.380 /07.01.279/2015-16
Chaitra 16, 1938 (Sake)
April 5, 2016
To
All Primary Dealers
Dear Sir/Madam,
Standing Liquidity Facilities for
Primary Dealers
Please refer to theFirst Bi-monthly Monetary Policy statement 2016-17 by Dr. Raghuram G Rajan, Governor dated April 5, 2016, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 6.75 per cent to 6.50 per cent with immediate effect.
...
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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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RBI |
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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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