| Notifications/Circulars |
Category : 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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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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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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RBI |
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Payment of Agency Commission on pension accounts
Posted Date : 22-Jan-2016 , 07:28:04 am | Posted By: CASANSAAR
RBI/2015-16/294
DGBA.GAD.No. 2278/31.12.010/2015-16
January 21, 2016
The Chairman & Managing Director/
The Chief Executive Officer
All Agency Banks
Dear Sir/Madam
Payment of Agency Commission on pension accounts
As you may be aware, agency banks are being compensated at Rs. 65 per transaction for handling pension computation, payment and related services on behalf of Central and State Governments. As per the norms followed by the Government, a pensioner’s account shou...
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RBI |
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Incentive for improving service to non-chest branches under Linkage Scheme
Posted Date : 22-Jan-2016 , 07:27:15 am | Posted By: CASANSAAR
RBI/2015-16/293
DCM (NPD) No. 2564/09.40.02/2015-16
January 21, 2016
The Chairman & Managing Director
Managing Director / Chief Executive Officer
All Banks having currency chests
Dear Sir / Madam,
Incentive for improving service to non-chest branches under Linkage Scheme
Please refer to ourcircular DCM (NPD) No. 6316 / 09.40.02 / 2006-07 dated March 9, 2007on the captioned subject. It has been decided to allow the currency chest holding banks to enhance the service charges ...
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Credit information reporting in respect of Self Help Group (SHG) members
Posted Date : 15-Jan-2016 , 08:34:29 am | Posted By: CASANSAAR
RBI/2015-16/291
DBR.CID.BC.No.73/20.16.56/2015-16
January 14, 2016
All Scheduled Commercial Banks (including RRBs)
All Credit Information Companies
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 III to ourcircular DBOD.No.CID.BC.127/20.16.056/2013-14 dated 27 June, 2014advising banks to report the member level data relating to the SHGs within six months from the dat...
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RBI |
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Sovereign Gold Bonds, 2015-16
Posted Date : 15-Jan-2016 , 08:33:45 am | Posted By: CASANSAAR
RBI2015-16/290
IDMD.CDD.No.1573/14.04.050/2015-16
January 14, 2016
The Chairman& Managing Director
All Scheduled Commercial Banks,
(Excluding RRBs)
Stock Holding Corporation of India Ltd.(SHCIL)
Dear Sir/Madam,
Sovereign Gold Bonds, 2015-16
Government of India has vide itsNotification F.No. 4(19)-W&M/2014 dated January 14, 2016announced that the Sovereign Gold Bonds, 2016 (“the Bonds”) will be open for subscription from January 18, 2016 to January 22, 2016....
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RBI |
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Direct Benefit Transfer (DBT) Scheme – Seeding of Aadhaar in Bank Accounts – Clarification
Posted Date : 15-Jan-2016 , 08:33:07 am | Posted By: CASANSAAR
RBI/2015-16/289
FIDD.CO.LBS.BC. No.17/02.01.001/2015-16
January 14, 2016
The Chairman and Managing Director
Scheduled Commercial Banks including RRBs
Dear Sir/Madam,
Direct Benefit Transfer (DBT) Scheme –
Seeding of Aadhaar in Bank Accounts – Clarification
Please refer tocircular RPCD.CO.LBS.BC.No.11/02.01.001/2013-14 dated July 9, 2013regarding the use of Aadhaar to facilitate delivery of social welfare benefits by direct credit to the bank accounts of beneficiarie...
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RBI |
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Section 23 of Banking Regulation Act, 1949 - Relaxations in Branch Authorisation Policy - Off Site ATMs
Posted Date : 15-Jan-2016 , 08:28:55 am | Posted By: CASANSAAR
RBI/2015-16/288
DBR.No.BAPD.BC.72/22.01.001/2015-16
January 14, 2016
All Scheduled Commercial Banks
(Including RRBs)
Dear Sir/Madam,
Section 23 of Banking Regulation Act, 1949 -
Relaxations in Branch Authorisation Policy - Off Site ATMs
Please refer tocircular DBOD. No. BL. BC. 137/22.01.001/2008-09 dated June 12, 2009, on the above subject, permitting Scheduled Commercial Banks to install off-site ATMs at centres/places identified by them without having the need to take permis...
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RBI |
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Financial Literacy Centres (FLCs) – Revised Guidelines
Posted Date : 15-Jan-2016 , 08:26:05 am | Posted By: CASANSAAR
RBI/2015-16/286
FIDD.FLC.BC.No.18/12.01.018/2015-16
January 14, 2016
To
Chairman/MD & CEO
Scheduled Commercial Banks
(Including RRBs)
Dear Sir/Madam,
Financial Literacy Centres (FLCs) – Revised Guidelines
Please refer to ourcirculars RPCD.FLC.No.12452/12.01.018/2011-12 dated June 6, 2012andRPCD.FLC.No.7641/12.01.018/ 2012-13 dated January 31, 2013issuing operational guidelines for conduct of financial literacy camps by FLCs and rural branches of banks.
Subsequent ...
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RBI |
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Master Circular – Basel III Capital Regulations - Clarification
Posted Date : 15-Jan-2016 , 08:25:13 am | Posted By: CASANSAAR
RBI/2015-16/285
DBR.No.BP.BC.71/21.06.201/2015-16
January 14, 2016
All Scheduled Commercial Banks
(Excluding Local Area Banks
and Regional Rural Banks)
Madam / Sir,
Master Circular – Basel III Capital Regulations - Clarification
Please refer to para 7: Coupon Discretion on Additional Tier 1 Debt Capital Instruments of theCircular DBOD.No.BP.BC.38/21.06.201/2014-15 dated September 1, 2014on ‘Implementation of Basel III Capital Regulations in India – Amendments&...
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Master Circular- Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by FIs- Amendment
Posted Date : 09-Jan-2016 , 08:44:38 am | Posted By: CASANSAAR
RBI/2015-16/283
DBR.No.FID.FIC 5/01.02.00/ 2015-16
January 07, 2016
All-India Term-Lending and Refinancing Institutions
(EXIM Bank, NABARD, NHB and SIDBI)
Dear Sir/ Madam
Master Circular- Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by FIs- Amendment
Please refer to Paragraph No.2.5.3.4 (iii) ofMaster Circular DBR.No.FID.FIC.3/01.02.00/2015-16 dated July 01, 2015on Prudential Norms for Classification, Valuation and Operation of Investment ...
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RBI |
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Setting up of IFSC Banking Units (IBUs) – Permissible activities
Posted Date : 09-Jan-2016 , 08:43:33 am | Posted By: CASANSAAR
RBI/2015-16/282
DBR.IBD.BC. 8536/23.13.004/2015-16
January 07, 2016
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam,
Setting up of IFSC Banking Units (IBUs) – Permissible activities
Please refer to ourcircular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015setting out RBI directions relating to financial institutions set up in the International Financial Services Centres (IFSC). Based on the feedback and requests received from various...
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RBI |
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Non-Fund Based Facility to Non-constituent Borrowers of Bank
Posted Date : 09-Jan-2016 , 08:42:41 am | Posted By: CASANSAAR
RBI/2015-16/281
DBR.Dir.BC.No.70/13.03.00/2015-16
January 07, 2016
All Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir/Madam
Non-Fund Based Facility to Non-constituent Borrowers of Bank
Please refer to paragraph 2(iii) of ourcircular DBOD.Dir.BC.62/13.07.09/2002-03 dated January 24, 2003on ‘Discounting/Rediscounting of Bills by banks’ advising banks not to extend any non-fund...
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RBI |
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Roadmap for opening brick and mortar branches in villages with population more than 5000 without a bank branch of a scheduled commercial bank
Posted Date : 01-Jan-2016 , 08:22:48 pm | Posted By: CASANSAAR
RBI/2015-16/277
FIDD.CO.LBS.BC.No. 82 /02.01.001/2015-16
December 31, 2015
The Chairman and Managing Director
SLBC Convenor Banks
Dear Sir/Madam,
Roadmap for opening brick and mortar branches in villages with population more than 5000 without a bank branch of a scheduled commercial bank
You are aware that SLBC Convenor banks were advised videcircular RPCD.CO.LBS.BC. No. 86/02.01.001/2011-12 dated June 19, 2012to prepare a roadmap to provide banking services in all unbanked villa...
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RBI |
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Discontinuation of the requirement for Paper to Follow (P2F) for Central Government cheques under Cheque Truncation System
Posted Date : 01-Jan-2016 , 08:21:48 pm | Posted By: CASANSAAR
RBI/2015-16/278
DGBA.GAD.No. 2036/42.01.035/2015-16
December 31, 2015
The Chairman and Managing Director/
The Chief Executive Officer
All Agency Banks
Dear Sir/Madam
Discontinuation of the requirement for Paper to Follow (P2F) for
Central Government cheques under Cheque Truncation System
With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque T...
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RBI |
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Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Corporates
Posted Date : 01-Jan-2016 , 08:20:35 pm | Posted By: CASANSAAR
RBI/2015-16/279
DBR.IBD.BC.No.68/23.37.001/2015-16
December 31, 2015
All Scheduled Commercial Banks
(Excluding RRBs and LABs)
Madam/Dear Sir,
Extension of Credit Facilities to Overseas Step-down
Subsidiaries of Indian Corporates
Please refer to ourcircular DBOD.IBD.BC.No.96/23.37.001/2006-07 dated May 10, 2007permitting banks in India to extend funded and/or non-funded credit facilities to step-down subsidiaries of the overseas subsidiaries of Indian companies that may not be w...
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RBI |
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Withdrawal of all old series of Banknotes issued prior to 2005 - RBI
Posted Date : 24-Dec-2015 , 08:01:33 am | Posted By: CASANSAAR
RBI/2015-16/275
DCM (Plg) No.G-8/2331/10.27.00/2015-16
December 23, 2015
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks
Primary (Urban) Co-operative Banks / RRBs
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 bee...
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RBI |
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Special Deposit Scheme 1975 – Payment of interest for the calendar year 2015
Posted Date : 24-Dec-2015 , 08:00:30 am | Posted By: CASANSAAR
RBI/2015-16/274
DGBA.GAD. No. 2023/15.01.001/2015-16
December 23, 2015
The Chairman & Managing Director
Head Office
Government Accounts Department
State Bank of India / State Bank of Patiala
State Bank of Bikaner & Jaipur /State Bank of Travancore
State Bank of Hyderabad / State Bank of Mysore
Allahabad Bank / Bank of Baroda / Bank of India / Bank of Maharashtra/
Canara Bank / Central Bank of India / Corporation Bank / Dena Bank / Indian Bank/
Indian Overseas Bank / Orient...
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RBI |
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RBI Circular - Interest Rates on Advances
Posted Date : 18-Dec-2015 , 07:50:36 am | Posted By: CASANSAAR
RBI/2015-16/273
DBR.No.Dir.BC.67/13.03.00/2015-16
December 17, 2015
All Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir/ Madam
Interest Rates on Advances
A reference is invited toparagraph 22of the first Bi-monthly Monetary Policy Statement 2015-16 announced on April 7, 2015 which stated that in order to improve the efficiency of monetary policy transmission, the Reserve Bank will encourage banks to move in a time-bound manner to marginal-cost-of-funds-based determination o...
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