| Notifications/Circulars |
Category : RBI |
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RBI Circular - Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines
Posted Date : 16-Jul-2015 , 06:53:03 pm | Posted By: Aarti Sharma
RBI/2015-16/133
DBS.CO.ARS.No. BC. 2/08.91.021/2015-16
July 16, 2015
The Chairman & Managing Director/
Chief Executive Officers of
all Scheduled Commercial Banks
(other than Regional Rural Banks)
Dear Sir
Concurrent Audit System in Commercial Banks - Revision of RBI's Guidelines
As you are aware, guidelines on 'concurrent audit system in commercial banks' were is...
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RBI |
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RBI Circular - Priority Sector Lending – Targets and Classification
Posted Date : 16-Jul-2015 , 06:52:04 pm | Posted By: Aarti Sharma
RBI/2015-16/132
FIDD.CO.Plan.BC.08/04.09.01/2015-16
July 16, 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
Please refer to ourMaster Circular No. FIDD.CO.Plan.BC.04/04.09.01/2015-16 dated July 1, 2015on the above subject.
2. The target for direct lending by banks to agriculture under Priority Sector Norms has aimed to i...
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RBI Circular - Foreign Investment in India by Foreign Portfolio Investors
Posted Date : 16-Jul-2015 , 06:51:23 pm | Posted By: Aarti Sharma
RBI/2015-16/131
A.P.(DIR Series) Circular No.6
July 16, 2015
To,
All Authorised Persons
Madam/ Sir,
Foreign Investment in India by Foreign Portfolio Investors
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 toA.P. (DIR Se...
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RBI Circular - Guidelines on issue of ATM-cum-debit cards
Posted Date : 16-Jul-2015 , 06:50:24 pm | Posted By: Aarti Sharma
RBI/2015-2016/130
DCBR.BPD. (PCB/RCB).Cir.No. 1/16.20.000/2015-16
July 16, 2015
The Chief Executive Officers of
All Primary (Urban) Co-operative Banks/
All State Co-operative Banks (StCBs)/
All District Central Co-operative Banks
Dear Sir/ Madam,
Guidelines on issue of ATM-cum-debit cards
Please refer to ourcircular UBD(PCB) Cir No.6/09.18.300/2007-08 dated July 13, 2007issued to UCBs on the captioned subject andcircular DCBR.CO. RCB.No.BC.29/19.51.008/2014-15 dated April 16, ...
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RBI Circular - Export factoring on non-recourse basis
Posted Date : 16-Jul-2015 , 06:49:31 pm | Posted By: Aarti Sharma
RBI/2015-16/129
A.P. (DIR Series) Circular No.5
July 16, 2015
To
All Authorised Dealers in Foreign Exchange
Madam/ Sir,
Export factoring on non-recourse basis
In order to facilitate exports, Authorised Dealer Category – I (AD Category –I) banks have been permitted to provide ‘export factoring’ services to exporters on ‘with recourse’ basis by entering into arrangements with overseas institutions for this purpose without prior approval from t...
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RBI Circular - Issue of shares under Employees Stock Options Scheme and/or sweat equity shares to persons resident outside India
Posted Date : 16-Jul-2015 , 06:48:37 pm | Posted By: Aarti Sharma
RBI/2015-16/128
A.P. (DIR Series) Circular No.4
July 16, 2015
To
All Category – I Authorised Dealer banks
Madam/Sir,
Issue of shares under Employees Stock Options Scheme and/or sweat equity shares to persons resident outside India
Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Regulation 8 of the Foreign Exchange Management (Transfer or Issue of ...
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RBi Circular - Deposits placed with NABARD/SIDBI/NHB for meeting shortfall in Priority Sector Lending by Banks-Reporting in Balance Sheet
Posted Date : 16-Jul-2015 , 06:47:27 pm | Posted By: Aarti Sharma
RBI/2015-16/127
DBR.BP.BC.No.31/21.04.018/2015-16
July 16, 2015
All Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Deposits placed with NABARD/SIDBI/NHB for meeting shortfall in Priority Sector Lending by Banks-Reporting in Balance Sheet
Please refer to para 2.1 (v) of ourcircular DBR.No.BP.BC.6/21.04.141/2015-16 dated July 1, 2015- Master Circular: Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks in terms of which banks ...
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RBI Circular - Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Credit Card Accounts
Posted Date : 16-Jul-2015 , 06:46:15 pm | Posted By: Aarti Sharma
RBI/2015-16/126
DBR.No.BP.BC.30/21.04.048/2015-16
July 16, 2015
All Scheduled Commercial Banks/Non-Banking Financial Companies/Primary (Urban) Co-operative Banks
Dear Sir,
Prudential Norms on Income Recognition, Asset Classification and
Provisioning pertaining to Advances – Credit Card Accounts
Please refer tocircular DBOD.No.BP.BC.78/21.04.048/2013-14 dated December 20, 2013on the captioned subject.
2. In order to bring in greater credit discipline as also to provide o...
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RBI Circular - Alteration in the name of “The Ratnakar Bank Limited” to “RBL Bank Limited” in the Second Schedule to the RBI Act, 1934
Posted Date : 16-Jul-2015 , 06:45:24 pm | Posted By: Aarti Sharma
RBI/2015-16/125
DBR.No.Ret.BC 29 /12.06.47A/2015-16
July 16, 2015
All Scheduled Commercial Banks
Dear Sir,
Alteration in the name of “The Ratnakar Bank Limited” to “RBL Bank Limited”
in the Second Schedule to the RBI Act, 1934
We advise that the name of “The Ratnakar Bank Limited” has been changed to “RBL Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.PSBD.No.8931/16.01.072/2014-15...
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RBI Circular - Auction of Government of India Dated Securities
Posted Date : 15-Jul-2015 , 05:08:00 pm | Posted By: Aarti Sharma
RBI/2015-16/124
Ref. No.IDMD/58/08.02.032/2015-16
July 13, 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 ofRs 15,000crore as per the following details:
Sr No
Security
Notified Amount
...
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RBi Circular - Prepaid Payment Instrument (PPI) guidelines – Introduction of New Category of PPI for Mass Transit Systems (PPI-MTS)
Posted Date : 09-Jul-2015 , 06:44:29 pm | Posted By: Aarti Sharma
RBI/2015-16/123
DPSS.CO.PD.No. 58/02.14.006/2015-16
July 09, 2015
All Prepaid Payment Instrument Issuers, System Providers, System Participants
and all other Prospective Prepaid Payment Instrument Issuers
Madam / Dear Sir
Prepaid Payment Instrument (PPI) guidelines – Introduction of New Category of PPI for Mass Transit Systems (PPI-MTS)
A reference is invited to the Master Circular on Policy Guidelines on Issuance and Operation of Pre-Paid Payment Instruments in India issu...
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RBI Circular - Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of Non-Banking Financial Companies (NBFCs)
Posted Date : 09-Jul-2015 , 06:43:31 pm | Posted By: Aarti Sharma
RBI/2015-16/122
DNBR (PD) CC.No. 065/03.10.001/2015-16
July 09, 2015
All Non-Banking Financial Companies (excluding Primary Dealers)
Dear Sirs,
Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of Non-Banking Financial Companies (NBFCs)
Please refer toDNBS (PD) CC.No.376/03.10.001/2013-14andNotification No. DNBS(PD) 275/GM(AM)-2014 dated May 26, 2014on the ‘Non-Banking Financial Companies (Approval of Acquisition or Transfer of Con...
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RBI Circular - Exim Bank's GoI supported Line of Credit of USD 15.13 million to the Government of Republic of Djibouti
Posted Date : 09-Jul-2015 , 06:42:20 pm | Posted By: Aarti Sharma
RBI/2015-16/121
A.P. (DIR Series) Circular No.3
July 09, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's GoI supported Line of Credit of USD 15.13 million
to the Government of Republic of Djibouti
Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 9, 2015 with the Government of Republic of Djibouti, for making available to the latter, a Line of Credit (LOC) of USD 15.13 million (USD Fifteen Million One Hundred and T...
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RBI Circular - Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
Posted Date : 09-Jul-2015 , 06:41:23 pm | Posted By: Aarti Sharma
RBI/2015-16/120
DBR.No.CID.BC.28 /20.16.056/2015-16
July 9, 2015
All Scheduled Commercial Banks (excluding RRBs)
All India Notified Financial Institutions (EXIM, NABARD, NHB & SIDBI)
All Credit Information Companies
Dear Sir/Madam
Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
Please refer to ourcircular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014inter alia setting out a Uniform Credit Reporting Fo...
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RBI Circular - Returns to be submitted by NBFCs (Asset Size below Rs. 500 crore)
Posted Date : 09-Jul-2015 , 06:40:30 pm | Posted By: Aarti Sharma
RBI/2015-16/119
DNBS (IT).CC.No. 01/24.01.191/2015-16
July 09, 2015
To CEOs of All NBFCs (excluding RNBCs)
Dear Sir/Madam,
Returns to be submitted by NBFCs (Asset Size below Rs. 500 crore)
Please refer to theDNBR (PD) CC.No. 002/03.10.001/2014-15 dated November 10, 2014on revised Regulatory Framework for NBFCs.
2. As per the revised regulations, all non-deposit taking NBFCs (NBFCs-ND), with assets less than Rs. 500 crore are required to submit an Annual Return. Two new Return ...
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RBI Circular - Investment in companies engaged in tobacco related activities
Posted Date : 03-Jul-2015 , 06:12:55 pm | Posted By: Aarti Sharma
RBI/2015-16/116
A.P. (DIR Series) Circular No.2
July 3, 2015
To
All Authorised Persons
Madam/ Sir,
Investment in companies engaged in tobacco related activities
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Annex A of Schedule 1 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, andNotification No. FEMA. 242/2012- R...
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RBI Circular - Financial Benchmarks India Pvt. Ltd.(FBIL)- Benchmark Administrator
Posted Date : 02-Jul-2015 , 06:38:11 pm | Posted By: Aarti Sharma
RBI/2015-16/115
FMRD.FMSD.No.03/03.01.006/2015-16
July 02, 2015
All market participants
Dear Sir/Madam,
Financial Benchmarks India Pvt. Ltd.(FBIL)- Benchmark Administrator
Please refer to ourcircular FMD.FSRG.No.102/02.18.002/2013-14 dated April 16, 2014on “Financial Benchmark- Governance Framework for Benchmark Submitters” wherein it was stated that in order to overcome the possible conflicts of interest in the benchmark setting process arising out of the current gov...
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RBI Circular - Applicability of Credit Concentration Norms
Posted Date : 02-Jul-2015 , 06:37:14 pm | Posted By: Aarti Sharma
RBI/2015-16/114
DNBR (PD) CC.No. 064/03.10.001/2015-16
July 02, 2015
All Non-Banking Financial Companies (excluding Primary Dealers)
Madam/Sir
Applicability of Credit Concentration Norms
In terms of section 45IA(7)(I) of the Reserve Bank of India Act, 1934, for calculation of Net Owned Fund (NOF), the loans given to/ investments made in companies in the same group/ subsidiaries by NBFCs, inter alia,...
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RBI Circular - Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account
Posted Date : 02-Jul-2015 , 06:36:13 pm | Posted By: Aarti Sharma
RBI/2015-16/113
DGBA.GAD.No.14/15.02.003/2015-16
July 2, 2015
The Chairman/Chief Executive Officer
Agency Banks Handling the Schemes of Kisan Vikas Patra, 2014
and Sukanya Samriddhi Account
Dear Sir
Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account
Please refer to ourcirculars IDMD (DGBA).CDD.No.3484/15.02.001/2014-15 dated February 09, 2015andIDMD (DGBA).CDD.No.4052/15.02.006/2014-15 dated March 11, 2015regarding Kisan Vikas Patra, 2014 and Sukanya Samriddhi Account respec...
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RBI Circular - Opening of Current Accounts by Banks - Need for Discipline
Posted Date : 02-Jul-2015 , 06:35:33 pm | Posted By: Aarti Sharma
RBI/2015-16/112
DBR.Leg.BC.25./09.07.005/2015-16
July 02, 2015
The Chairman / Chief Executive
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir,
Opening of Current Accounts by Banks - Need for Discipline
Please refer to ourcircular DBOD.No.Leg.BC.84/09.07.005/2003-04 dated May 15, 2004advising banks to scrupulously ensure that their branches do not open current accounts of entities which enjoy credit facilities (fund based or non-fund based) from the banking system witho...
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RBI Circular - Discount Rate for Computing Present Value of Future Cash Flows
Posted Date : 02-Jul-2015 , 06:34:01 pm | Posted By: Aarti Sharma
RBI/2015-16/111
DBR.No.BP.BC.27/21.04.048/2015-16
July 2, 2015
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Discount Rate for Computing Present Value of Future Cash Flows
Please refer to paragraph 4.5 ofcircular DBOD.BP.BC.No.99/21.04.132/2012-13 dated May 30, 2013, in terms of which a rate equal to the bank's Benchmark Prime Lending Rate or base rate (whichever is applicable to the borrower) as on the date of restructuring plus the appropriate t...
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RBI Circular - Re-export of unsold rough diamonds from Special Notified Zone of Customs without Export Declaration Form (EDF) formality
Posted Date : 02-Jul-2015 , 06:32:12 pm | Posted By: Aarti Sharma
RBI/2015-16/110
A.P. (DIR Series) Circular No.1
July 02, 2015
To
All Authorised Dealers in Foreign Exchange
Re-export of unsold rough diamonds from Special Notified Zone of
Customs without Export Declaration Form (EDF) formality
Attention of the Authorised Dealers is invited to i) Regulation 3 of theNotification No. FEMA 23/2000-RB dated May 3, 2000viz. Foreign Exchange Management (Export of Go...
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RBI Circular - Bucketing of excess SLR and MSF securities in Structural Liquidity Statement
Posted Date : 02-Jul-2015 , 06:31:11 pm | Posted By: Aarti Sharma
RBI No 2015-16/109
DBR.No.BP.BC.26/21.04.098/2015-16
July 2, 2015
The Chairmen and Managing Directors /
Chief Executive Officers of
All Commercial Banks
(Excluding RRBs and LABs)
Dear Sir,
Bucketing of excess SLR and MSF securities in Structural Liquidity Statement
Please refer to ourCircular DBOD.BP.No.56/21.04.098/2012-13 dated November 7, 2012on Liquidity Risk Management by Banks in terms of which banks are required to prepare structural liquidity statement (Rupee) as per t...
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RBI Circular - Master Circular – Detection and Impounding of Counterfeit Notes
Posted Date : 01-Jul-2015 , 05:38:07 pm | Posted By: Aarti Sharma
RBI/2015-16/52
DCM (FNVD) G- 4/16.01.05/2015-16
July 1, 2015
The Chairman / Managing Director,
Commercial Banks, Cooperative Banks, RRBs,
Private Banks, Foreign Banks and
Director of Treasuries of all States
Dear Sir / Madam,
Master Circular – Detection and Impounding of Counterfeit Notes
Please refer to theMaster Circular DCM (FNVD) No.G-2/16.01.05/2014-15 dated July 1, 2014consolidating the instructions issued till June 30, 2013 relating to Detection and Impounding of ...
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RBI Circular - Master Circular on Establishment of Liaison / Branch / Project Offices in India by Foreign Entities
Posted Date : 01-Jul-2015 , 05:36:35 pm | Posted By: Aarti Sharma
RBI/2015-16/54
Master Circular No.7/2015-16
July 01, 2015
To,
All Category – I Authorised Dealer banks
Madam / Sir,
Master Circular on Establishment of Liaison / Branch /
Project Offices in India by Foreign Entities
Establishment of Branch/Liaison/Project Offices in India is regulated in terms of Section 6(6) of Foreign Exchange Management Act, 1999 read withNotification No. FEMA 22/2000-RB dated May 3, 2000as amended from time to time.
2. ThisMaster Circularconsolidat...
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RBI Circular - Master Circular on Call/Notice Money Market Operations
Posted Date : 01-Jul-2015 , 05:35:31 pm | Posted By: Aarti Sharma
RBI/2015-16/55
FMRD.DIRD. 01 /14.01.001/2015-16
July 1, 2015
The Chairmen/Chief Executives of all Scheduled Commercial Banks (excluding RRBs) /
Co-operative Banks / Primary Dealers
Dear Sir/Madam,
Master Circular on Call/Notice Money Market Operations
The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks and the Primary Dealers in reg...
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RBI Circular - Master Circular – Basel III Capital Regulations
Posted Date : 01-Jul-2015 , 05:34:30 pm | Posted By: Aarti Sharma
RBI/2015-16/58
DBR.No.BP.BC.1/21.06.201/2015-16
July 1, 2015
All Scheduled Commercial Banks
(Excluding Local Area Banks
and Regional Rural Banks)
Madam / Sir,
Master Circular – Basel III Capital Regulations
Please refer to theMaster Circular No.DBOD.BP.BC.6/21.06.201/2014-15 dated July 1, 2014, consolidating therein the prudential guidelines on capital adequacy issued to banks till June 30, 2014.
2. As you are aware, Basel III Capital Regulations are being implemen...
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RBI Circular - Master Circular on Customer Service in Banks
Posted Date : 01-Jul-2015 , 05:33:10 pm | Posted By: Aarti Sharma
RBI/2015-16/59
DBR No.Leg.BC. 21/09.07.006/2015-16
July 1, 2015
Ashadha 10, 1937
All Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir,
Master Circular on Customer Service in Banks
Please refer to theMaster Circular DBOD No.Leg.BC.21/09.07.006/2014-15 dated July 01, 2014consolidating the important instructions issued by us in the area of customer service up to June 30, 2014. ThisMaster Circularconsolidates instructions on the above matters issued up to June 30, 2015.
2. B...
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RBI Circular - Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
Posted Date : 01-Jul-2015 , 05:32:20 pm | Posted By: Aarti Sharma
RBI/2015-16/60
FIDD. CO. GSSD. BC. No 06/09.09.01/2015-16
July 01, 2015
The Chairman / Managing Director
All Scheduled Commercial Banks
Dear Sir,
Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
Please refer to theMaster Circular RPCD GSSD BC No.01/09.09.01/2014-15 dated July 01, 2014consolidating guidelines / Instructions / directions issued to banks with regard to providing credit facilities to Scheduled Castes (SCs) and Scheduled Trib...
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RBI Circular - Master Circular on Customer Service - UCBs
Posted Date : 01-Jul-2015 , 05:30:58 pm | Posted By: Aarti Sharma
RBI/2015-16/61
DCBR. CO.BPD.(PCB).MC.No 15/12.05.001/2015-16
July 1, 2015
The Chief Executive Officers of
All Primary (Urban) Co-operative Banks
Dear Sir,
Master Circular on Customer Service - UCBs
Please refer to ourMaster Circular UBD.BPD.(PCB).MC No. 10/ 12.05.001/2014-15dated July 1, 2014on the captioned subject (available at RBI websitewww.rbi.org.in). TheenclosedMaster Circular consolidates and updates all the instructions / guidelines on the subject issued up to June 30, ...
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