| Notifications/Circulars |
Category : RBI |
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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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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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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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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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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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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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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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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 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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Section 24 and Section 56 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
Posted Date : 11-Dec-2015 , 07:56:43 am | Posted By: CASANSAAR
RBI/2015-16/262
DBR.No.Ret.BC.64/12.01.001/2015-16
December 10, 2015
All Commercial Banks, Primary (Urban) Co-operative Banks (UCBs),
State and Central Co-operative Banks (StCBs/CCBs)
Dear Sir,
Section 24 and Section 56 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
Please refer tocirculars DBR.Ret.BC.70/12.02.001/2014-15andDCBR.BPD.(PCB/RCB).Cir.No.14/16.26.000/2014-15 dated February 03, 2015, on maintenance of Statutory Liquidity Ratio und...
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Fourth Bi-monthly Monetary Policy Statement, 2015-16 – SLR Holdings under Held to Maturity Category
Posted Date : 11-Dec-2015 , 07:53:22 am | Posted By: CASANSAAR
RBI/2015-16/261
DBR.No.BP.BC.65/21.04.141/2015-16
December 10, 2015
All Commercial Banks
Dear Sir,
Fourth Bi-monthly Monetary Policy Statement, 2015-16 –
SLR Holdings under Held to Maturity Category
In terms of ourcircular DBOD.No.BP.BC.42/21.04.141/2014-15 dated October 7, 2014and also,RPCD.CO.RRB.BC 34/03.05.33/2014-15 dated October 20, 2014on ‘Fourth Bi-monthly Monetary Policy Statement, 2014-15 – SLR Holdings under Held to Maturity Category’, all bank...
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RBI Circular - Regional Rural Banks - Priority Sector Lending – Targets and Classification
Posted Date : 04-Dec-2015 , 06:00:44 pm | Posted By: Aarti Sharma
RBI/2015-16/257
FIDD.CO.Plan.BC.No.14/04.09.01/2015-16
December 3, 2015
The Chairman
All Regional Rural Banks
Dear Sir/Madam,
Regional Rural Banks - Priority Sector Lending – Targets and Classification
During the last decade, Regional Rural Banks (RRBs) have undergone significant structural and operational changes, be it two-phased amalgamation, implementation of CBS platform or recapitalization, inter alia. Considering the growing significance of RRBs in pursuit of financ...
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External Commercial Borrowings (ECB) Policy – Revised framework
Posted Date : 01-Dec-2015 , 07:47:19 am | Posted By: CASANSAAR
RBI/2015-16/255
A.P. (DIR Series) Circular No.32
November 30, 2015
To,
All Authorised Dealer Category – I Banks
Madam/ Sir
External Commercial Borrowings (ECB) Policy – Revised framework
Attention of Authorised Dealer Category – I (AD Cat I) banks is invited toA.P. (DIR Series) Circular No. 5 dated August 1, 2005containing the basic framework under which eligible resident entities can raise External Commercial Borrowings (ECB). Subsequent to issuance of this ...
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RBI Circular - Investment by Foreign Portfolio Investors (FPI) in Corporate Bonds
Posted Date : 26-Nov-2015 , 07:09:06 pm | Posted By: Aarti Sharma
RBI/2015-16/253
A.P. (DIR Series) Circular No.31
November 26, 2015
To
All Authorised Persons
Madam/ Sir,
Investment by Foreign Portfolio Investors (FPI) in Corporate Bonds
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified videNotification No. FEMA.20/2000- RB dated May 3, 2000, as amended from time to time and t...
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RBI Circular - Engagement of Services of Expatriate Officers in Indian Offices of Foreign Banks
Posted Date : 26-Nov-2015 , 07:08:10 pm | Posted By: Aarti Sharma
RBI/2015-16/252
DBR.IBD.BC. 61/23.07.001/2015-16
November 26, 2015
All Foreign Banks operating in India
Dear Sir/Madam,
Engagement of Services of Expatriate
Officers in Indian Offices of Foreign Banks
Please refer to our D.O.No.DBOD.Ref.1318/C.319-70 August 31, 1970 and Circulars DBOD.No.1033/23.07.001/94 dated March 11, 1994 and DBOD.IBS.BC.No.109/ 23.06.001/ 99-2000 October 30, 1999 regarding engagement of expatriate officers by foreign banks in branches in India.
2. We hav...
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RBI Circular - Central KYC Records Registry (CKYCR)
Posted Date : 26-Nov-2015 , 07:07:24 pm | Posted By: Aarti Sharma
RBI/2015-16/251
DBR.AML.BC.No.60/14.01.001/2015-16
November 26, 2015
The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (SCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid Payment Instrument Issuers/ All authorised persons
Dear Sir/ Madam
Central KYC Records Registry (CKYCR) - template for Kn...
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RBI Circular - Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs)
Posted Date : 26-Nov-2015 , 07:06:09 pm | Posted By: Aarti Sharma
RBI/2015-16/250
DNBR.CC.PD.No. 071/03.10.038/2015-16
November 26, 2015
To
All NBFC-MFIs
Madam/ Sir
Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) –
DirectionsDNBS.PD.No. 234/CGM (US)-2011 dated December 2, 2011andDNBR.CC.PD.No. 027/03.10.01/2014-15 dated April 08, 2015–
Revision of the loan amount with tenure not less than 24 months
In the light of the representations received from the ‘sector’ on the captioned subject, it is advis...
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RBI Circular - Advance Remittance for Import of aircrafts /helicopters / other aviation related purchases
Posted Date : 26-Nov-2015 , 07:04:58 pm | Posted By: Aarti Sharma
RBI/2015-16/249
A.P. (DIR Series) Circular No.30
November 26, 2015
To,
All Authorised Dealer Category – I Banks
Madam/ Sir
Advance Remittance for Import of aircrafts /helicopters / other aviation related purchases
Attention of Authorised Dealers Category - I (AD Category - I) banks is invited to clause 3(f) ofA. P. (DIR Series) Circular No.77 dated June 29, 2007, in terms of which AD Category I banks could allow advance remittance, without bank guarantee or an unconditiona...
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RBI Circular - Import of Goods into India – Evidence of Import
Posted Date : 26-Nov-2015 , 07:03:44 pm | Posted By: Aarti Sharma
RBI/2015-16/248
A.P. (DIR Series) Circular No. 29
November 26, 2015
To,
All Authorised Dealer Category – I Banks
Madam/ Sir
Import of Goods into India – Evidence of Import
Attention of the Authorised Dealers is invited topara A.10.1of A.P. (DIR Series) Circular No. 106 dated June 19, 2003 in terms of which an importer has to submit as evidence of import, (a) the exchange control copy of the Bill of Entry for home consumption; (b) the exchange control copy of the Bill...
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RBI Circular - Bank Finance to Factoring Companies
Posted Date : 26-Nov-2015 , 07:02:39 pm | Posted By: Aarti Sharma
RBI/2015-16/247
DBR.BP.BC.No.55/21.04.172/2015-16
November 26, 2015
All Scheduled Commercial Banks
(Excluding RRBs)
Madam/Dear Sir,
Bank Finance to Factoring Companies
Please refer to ourcircular DBOD.BP.BC.No.40/21.04.172/2012-13 dated September 11, 2012on “Bank Finance to Factoring Companies”, in terms of which banks were advised that they can extend financial assistance to support the factoring business of Factoring Companies complying with certain criteria, which...
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RBI Circular - Online Returns to be submitted by NBFCs- Revised
Posted Date : 26-Nov-2015 , 07:00:30 pm | Posted By: Aarti Sharma
RBI/2014-15/246
DNBS (PD).CC.No.03/03.02.02/2015-16
November 26, 2015
All Non Banking Financial Companies
Dear Sir,
Online Returns to be submitted by NBFCs- Revised
Please refer to ourMaster Circular no DNBS.IT.CC.No.01/24.01.191/2015-16 dated July 01, 2015on Returns to be submitted by NBFCs.
2. It has been decided to rationalize the returns’ to be submitted online through COSMOS as below:
Change in periodicity of NDSI-500cr and ALM-1 returns from monthly to qua...
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RBI Circular - Auction of Government of India Dated Securities
Posted Date : 23-Nov-2015 , 07:01:19 pm | Posted By: Aarti Sharma
RBI/2015-16/244
Ref. No. IDMD/1130/08.02.032/2015-16
November 23, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) five dated securities for notified amount of Rs 15,000 crore as per the following details:
Sr No
Security
Notified...
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RBI Circular - Internet Banking Facility for Customers of Regional Rural Banks
Posted Date : 19-Nov-2015 , 06:38:57 pm | Posted By: Aarti Sharma
RBI/2015-16/242
DBR.RRB.BC.No. 59/31.01.001/2015-16
November 19, 2015
All Regional Rural Banks
Dear Sir/Madam,
Internet Banking Facility for Customers of Regional Rural Banks
Presently, Regional Rural Banks (RRBs) are not permitted to provide internet banking facilities to their customers. With a view to enhancing customer service and taking into account demand for such services, it has been decided to allow RRBs to extend the facility of internet banking to their customers. The ...
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RBI Circular - Priority Sector Lending – Targets and Classification
Posted Date : 19-Nov-2015 , 06:38:04 pm | Posted By: Aarti Sharma
RBI/2015-16/241
FIDD.CO.Plan.BC. 13/04.09.01/2015-16
November 18, 2015
The Chairman/ Managing Director
Chief Executive Officer
[All Scheduled Commercial Banks
(excluding Regional Rural Banks)]
Dear Sir/ Madam,
Priority Sector Lending – Targets and Classification
It was communicated vide ourCircular No. FIDD.CO.Plan.BC.08/04.09.01/2015-16 dated July 16, 2015on the captioned subject, that the system-wide average of the last three years achievement with regard to overall di...
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RBI Circular - Prior Approval for acquisition of shares or voting rights in Private Sector Banks: Directions, 2015
Posted Date : 19-Nov-2015 , 06:37:21 pm | Posted By: Aarti Sharma
RBI/2015-16/240
Master Direction No.DBR.PSBD.No.56/16.13.100/2015-16
November 19, 2015
Prior Approval for acquisition of shares or voting rights in Private Sector Banks: Directions, 2015
In exercise of the powers conferred by Sections 21 and 35 A of the Banking Regulation Act, 1949 and pursuant to the Section 12B of the Banking Regulation Act, 1949 as amended by Banking Amendment Act 2012, the Reserve Bank of India being satisfied that it is necessary and expedient in the public intere...
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RBI Circular - Provision of Factoring Services by Banks - Review
Posted Date : 19-Nov-2015 , 06:36:24 pm | Posted By: Aarti Sharma
RBI/2015-16/239
DBR.No.FSD.BC. 58/24.01.007/2015-16
November 19, 2015
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir/Madam
Provision of Factoring Services by Banks - Review
Please refer to ourcircular DBR.No.FSD.BC.32/24.01.007/2015-16 dated July 30, 2015on Provision of Factoring Services by banks- Review.
2. In paragraph 4(a), it has been mentioned that in order to ensure that the bank offering factoring services has enough margin to cover any deficiencies in the p...
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RBI Circular - Non-Operative Financial Holding Company (NOFHC)
Posted Date : 19-Nov-2015 , 06:35:07 pm | Posted By: Aarti Sharma
RBI/2015-16/238
DBR.No.BP.BC.57/21.06.201/2015-16
November 19, 2015
All Scheduled Commercial Banks
(Excluding Local Area Banks
and Regional Rural Banks)
Madam / Sir,
Non-Operative Financial Holding Company (NOFHC) – Application of Capital Adequacy Norms
Please refer to theGuidelines for Licensing of New Banks in the Private Sector issued on February 22, 2013. The guidelines inter alia require setting up of wholly-owned Non-Operative Financial Holding Company (NOFHC) by el...
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RBI Circular - Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Apna Sahakari Bank Ltd, Mumbai
Posted Date : 19-Nov-2015 , 06:34:04 pm | Posted By: Aarti Sharma
RBI/2015-16/237
DCBR CO. BPD.BC. No.7/16.05.000/2015-16
Kartik 28, 1937
November 19, 2015
All Banks
Dear Sir/Madam
Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Apna Sahakari Bank Ltd, Mumbai
We advise that the name of “Apna Sahakari Bank Ltd., Mumbai" has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DCBR.CO.BPD.01/16.05.000/2015-16 dated July 28, 2015 published in the Gazette of India vi...
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RBI Circular - Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 19-Nov-2015 , 06:33:14 pm | Posted By: Aarti Sharma
RBI/2015-16/236
DCBR.BPD. (PCB).Cir.No. 8/16.20.000/2015-16
Kartik 28, 1937
November 19, 2015
The Chief Executive Officers of
All Primary (Urban) Co-operative Banks
Dear Sir/ Madam
Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)
Please refer to the guidelines contained in ourcircular BPD. PCB. Cir. 46 / 16.20.00 /2002-03 dated May 17, 2003andUBD (PCB) BPD Cir No: 47 /16.20.000/2008-09 dated January 30, 2009on the captioned subject.
2. On a...
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RBI Circular - Auction of Government of India Dated Securities
Posted Date : 17-Nov-2015 , 06:10:05 pm | Posted By: Aarti Sharma
RBI/2015-16/234
Ref. No. IDMD/1063/08.02.032/2015-16
November 16, 2015
All Scheduled Commercial Banks
All State Co-operative Banks/All Scheduled Primary
(Urban) Co-operative Banks /All Financial Institutions/
All Primary Dealers.
Dear Sir/Madam,
Auction of Government of India Dated Securities
Government of India has offered to sell (re-issue) four dated securities for notified amount of Rs 15,000 crore as per the following details:
Sr No
Security
Notifie...
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