| Notifications/Circulars |
Category : RBI |
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RBI Circular - NBFCs Lending against Shares
Posted Date : 10-Apr-2015 , 06:58:47 pm | Posted By: Vijay
RBI/2014-15/551DNBR (PD).CC.No.028/03.10.001/2014-15
April 10, 2015
All NBFCs with asset size of`.100 cr and above(excluding Primary Dealers)
Dear Sirs,
NBFCs- Lending against Shares – Clarification
Please refer to ourcircular DNBS (PD).CC.No.408/03.10.001/2014-15 dated August 21, 2014. We have since received a number of queries from the industry participants seeking clarification on the applicability of the circular. In this connection, the following isclarified
The above mentio...
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RBI Circular- Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) - Directions
Posted Date : 08-Apr-2015 , 06:09:30 pm | Posted By: Vijay
RBI/2014-15/544
DNBR.CC.PD.No.027/03.10.01/2014-15
April 08, 2015
To
All NBFC-MFIs
Dear Sirs,
Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) – Directions – Modifications
The captioned directions contained in thenotification DNBS.PD.No.234/CGM (US)-2011 dated December 2, 2011and subsequent modifications were issued to NBFC-MFIs in the backdrop of the Andhra Pradesh-MFI crisis. The sector has largely moved forward since then. Accordingly certain m...
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RBI Circular - Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
Posted Date : 06-Apr-2015 , 06:31:13 pm | Posted By: Vijay
RBI/2014-15/539
DBR.No.BP.BC.85/21.04.048/2014-15
April 6, 2015
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Refinancing of Exposures to Borrowers
In terms ofcircular DBOD.No.BP.BC.107/21.04.048/2013-14 dated April 22, 2014andA.P. (DIR Series) Circular No.129 dated May 9, 2014, Indian companies are not permitted to raise external commercial bo...
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RBI Circular - Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) - Standards
Posted Date : 06-Apr-2015 , 06:26:11 pm | Posted By: Vijay
RBI/2014-2015/537
DBR.AML.No.14746/14.01.001/2014-15
April 6, 2015
The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/
Local Area Banks / All India Financial Institutions
Dear Sir/ Madam,
Anti-Money Laundering (AML)/ Combating of Financing of Terrorism (CFT) - Standards
Please refer to our letterDBR.AML.No.6704/14.01.001/2014-15 dated November 5, 2014on risks arising from the deficiencies in AML/CFT regime of certain jurisdictions.
2. Financial Act...
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RBI Circular - Setting up of IFSC Banking Units (IBUs)
Posted Date : 01-Apr-2015 , 06:27:08 pm | Posted By: Vijay
RBI/2014-15/533
DBR.IBD.BC. 14570/23.13.004/2014-15
April 1, 2015
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam,
Setting up of IFSC Banking Units (IBUs)
Please refer to the Reserve Bank of IndiaNotification No. FEMA.339/2015-RB dated March 02, 2015(copy enclosed) under FEMA 1999 on Foreign Exchange Management (International Financial Services Centre) Regulations, 2015 setting out RBI regulations relating to financial institutions set up in Intern...
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Know Your Customer (KYC) Guidelines - Accounts of Proprietary Concerns
Posted Date : 01-Apr-2015 , 06:25:24 pm | Posted By: Vijay
RBI/2014-15/532
DCBR.BPD(PCB/RCB)Cir.No.24/14.01.062/2014-15
April 1, 2015
The Chief Executive Officer
All Primary (Urban) Co-operative Banks /
State and Central Co-operative Banks (StCBs / CCBs)
Madam / Dear Sir,
Know Your Customer (KYC) Guidelines - Accounts of Proprietary Concerns
Please refer to paragraph 2.5(ii) of ourMaster Circular no. UBD.BPD.(PCB) MC.No.16/12.05.001/2014-15 dated July 1, 2014and paragraph 2.5 (vi) ofMaster Circular RPCD. RRB.RCB.AML.BC. No. 02/07.51.01...
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Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- Regional Rural Banks (RRBs)
Posted Date : 01-Apr-2015 , 06:23:26 pm | Posted By: Vijay
RBI/2014-15/531
DBR.RRB.BC.No.82/31.04.002/2014 -15
April 1, 2015
All Regional Rural Banks
Dear Sir/Madam,
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- Regional Rural Banks (RRBs)
We advise that the names of two Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notificationsRPCD.CO.RRB.BC.No.18/03.05.100/ 2014-15 dated July 28, 2014andDBR.RRB.No.7946/03.05.100/2014-15 dated February ...
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Prudential Guidelines on Capital Adequacy and Liquidity Standards - Amendments
Posted Date : 01-Apr-2015 , 07:56:05 am | Posted By: CASANSAAR
RBI/2014-15/529
DBR.No.BP.BC.80/21.06.201/2014-15
March 31, 2015
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Prudential Guidelines on Capital Adequacy and Liquidity Standards - Amendments
As you are aware, the Reserve Bank has issued and implemented prudential guidelines on capital adequacy framework and liquidity standards for banks operating in India. These guidelines have been framed based on the internationally accepted reform package, as agreed...
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RBI Circular - Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Himachal Pradesh State Cooperative Bank Ltd., Shimla
Posted Date : 31-Mar-2015 , 06:36:11 pm | Posted By: Vijay
RBI/2014-15/525
DCBR CO.RCBD.BC.No.21/19.51.025/2014-15
March 31, 2015
To
All State Cooperative Banks/
Central Cooperative Banks
Dear Sir,
Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Himachal Pradesh State Cooperative Bank Ltd., Shimla
We advise that the name of “Himachal Pradesh State Cooperative Bank, Ltd. Shimla'; has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DCBR.CO.RCBD-01/19....
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RBI Circular - Filing of ‘Nil’ CTR / NTR
Posted Date : 31-Mar-2015 , 06:34:15 pm | Posted By: Vijay
RBI/2014-15/523
DCBR.BPD(PCB/RCB)Cir. No. 22/14.01.062/2014-15
March 31, 2015
The Chief Executive Officer
All Primary (Urban) Co-operative Banks /
State and Central Co-operative Banks (StCBs / CCBs)
Filing of ‘Nil’ CTR / NTR
Dear Sir/ Madam,
Please refer toPara 2.17, 2.18 and 2.19of our Master Circular UBD. BPD.(PCB)MC.No.16/12.05.001/2014-15 dated July 1, 2014 andPara 2.19of Master Circular RPCD.RRB.RCB.AML.BC.No.02/07.51.018/2014-15 dated July 1, 2014 on Know Your...
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RBI Circular - Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer
Posted Date : 30-Mar-2015 , 06:24:56 pm | Posted By: Vijay
RBI/2014-15/522
DBR.No.BP.BC.79/21.04.048/2014-15
March 30, 2015
The Chairman and Managing Director/Chief Executive Officer
All Scheduled Commercial Banks
(Excluding and Regional Rural Banks)
Madam/Dear Sir,
Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer
Please refer to ourcircular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006andDBOD.No.BP.BC.68/21.04.048/2006-07 dated March 13, 2007on creation, accounting, disclosures and utilisation of floati...
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Revised Regulatory Framework for NBFCs
Posted Date : 27-Mar-2015 , 09:26:39 pm | Posted By: CASANSAAR
RBI/2014-15/520
DNBR (PD) CC.No. 024/ 03.10.001/ 2014-15
March 27, 2015
All NBFCs (excluding Primary Dealers)
Dear Sirs,
Revised Regulatory Framework for NBFCs
Please refer to the revised regulatory framework issued videDNBR (PD) CC.No. 002/ 03.10.001/ 2014-15 dated November 10, 2014(the circular). At para 14 of the circular it was mentioned that the Notifications in this regard shall follow.
2. In this connection, the following Notifications are enclosed for meticulous compli...
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RBI Circular - Implementation of Section 51-A of UAPA
Posted Date : 27-Mar-2015 , 07:47:56 pm | Posted By: Aarti Sharma
RBI/2014-15/519
DNBR (PD).CC.No 024/03.10.042 /2014-15
March 27, 2015
All NBFCs
Dear Sirs,
Implementation of Section 51-A of UAPA, 1967-UNSCR 1267(1999)/1989(2011) Committee’s Al Qaida Sanctions List and UNSCR 1988 (2011) Taliban Sanctions List- Modification in the Listing Format
A reference is invited to our circulars issued from time to time advising about amendments /additions/ deletions to UNSCR 1267(1999) /1989 (2011) Al Qaida Sanction list and UNSCR 1988 (2011) Taliba...
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RBI Circular - Special Clearing operations on March 30 and 31, 2015
Posted Date : 26-Mar-2015 , 06:04:55 pm | Posted By: Vijay
RBI/2014-15/517
DPSS.CO.CHD.No./1776/03.01.02/2014-2015
March 26, 2015
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, 2015
A reference is invited to the circular issued by our Department of Government and Bank Accounts (DGBA.GAD.No...
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RBI Circulars - Annual Closing of Government Accounts – Transactions of Central/State Governments
Posted Date : 26-Mar-2015 , 12:33:11 pm | Posted By: Vijay
RBI/2014-15/515DGBA.GAD.No. 4318/42.01.029/2014-15
March 25, 2015
The Chairman/Chief Executive OfficerAll agency banks
Dear Sir/Madam,
Annual Closing of Government Accounts – Transactions of Central/State Governments – Special Measures for the Current Financial Year (2014-15)
The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be made for the purpo...
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RBI Circular - Annual Closing of Government Accounts – Transactions of Central/State Governments
Posted Date : 26-Mar-2015 , 12:26:48 pm | Posted By: Vijay
RBI/2014-15/515
DGBA.GAD.No. 4318/42.01.029/2014-15
March 25, 2015
The Chairman/Chief Executive Officer
All agency banks
Dear Sir/Madam,
Annual Closing of Government Accounts – Transactions of Central/State Governments – Special Measures for the Current Financial Year (2014-15)
The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be made...
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RBI Circular - Special Arrangements for Collection of Dues of Financial Year 2014-15
Posted Date : 26-Mar-2015 , 12:24:57 pm | Posted By: Vijay
RBI/2014-15/516
DGBA.GAD.No.4285/42.01.029/2014-15
March 25, 2015
The Chairman/Chief Executive Officer
All Agency Banks
Dear Sir / Madam,
Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account - Reporting and Accounting of March Transactions - Special Arrangements - Financial Year 2014-15
Please refer toCircular DGBA.GAD.No.H - 5495/42.01.029/2013-14 dated March 27, 2014advising the pr...
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GUIDELINES FOR RELIEF MEASURES BY BANKS IN AREAS AFFECTED BY NATURAL CALAMITIES
Posted Date : 25-Mar-2015 , 06:50:35 pm | Posted By: Vijay
RBI/2014-15/512
FIDD.No.FSD.BC.52/05.10.001/2014-15
March 25, 2015
The Chairman/Managing Director/Chief Executive Officer
All scheduled commercial banks
(excluding Regional Rural Banks)
Madam / Dear Sir,
GUIDELINES FOR RELIEF MEASURES BY BANKS
IN AREAS AFFECTED BY NATURAL CALAMITIES
Please refer to our ‘Master Circular RPCD.No.FSD.BC.07/05.04.02/2014-15 dated July 1, 2014’ on the above subject. The guidelines contained in the above circular have been revisited taki...
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RBI Circulars - Obligations under Prevention of Money-laundering Act (PMLA), 2002 - Money changing activities
Posted Date : 25-Mar-2015 , 06:47:40 pm | Posted By: Vijay
RBI/2014-15/513A.P. (DIR Series) Circular No. 87
March 25, 2015
To
All Authorised Persons
Madam/ Sir,
Know Your Customer (KYC) Norms / Anti Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) / Obligations under Prevention of Money-laundering Act (PMLA), 2002 - Money changing activities
Attention of Authorised Persons is invited to theA.P. (DIR Series) Circular No. 9 dated July 21, 2014, on the captioned subject read withA.P. (DIR Series) Circular No. 67 dated Janua...
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RBI Circulars - Obligations under Prevention of Money-laundering Act (PMLA), 2002 - Money Transfer Service Scheme (MTSS)
Posted Date : 25-Mar-2015 , 06:45:20 pm | Posted By: Vijay
RBI/2014-15/514
A.P. (DIR Series) Circular No. 88
March 25, 2015
To
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme.
Madam/ Sir,
Know Your Customer (KYC) Norms / Anti Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT) / Obligations under Prevention of Money-laundering Act (PMLA), 2002 - Money Transfer Service Scheme (MTSS)
Attention of Authorised Persons (APs), who are Indian Agents under Money Transfer Service Scheme ...
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Guidelines on Sale of Financial Assets to Securitisation Company / Reconstruction Company and Related Issues
Posted Date : 20-Mar-2015 , 09:43:40 pm | Posted By: CASANSAAR
RBI/2014-15/508
DBR.No.BP.BC.78/21.04.048/2014-15
March 20, 2015
All Scheduled Commercial Banks
(Excluding Regional Rural Banks)
Dear Sir,
Guidelines on Sale of Financial Assets to Securitisation Company / Reconstruction Company and Related Issues
Please refer to paragraph 6 of thecircular DBOD.BP.BC.No.96/21.04.048/2002-03 dated April 23, 2003, wherein disclosure requirements relating to sale of non-performing assets (NPAs) to Securitisation Companies(SCs)/Reconstruction Compan...
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T+2 settlements for outright secondary market transactions in Government Securities undertaken by Foreign Portfolio Investors and reported on NDS-OM
Posted Date : 20-Mar-2015 , 06:15:57 pm | Posted By: Vijay
RBI/2014-15/507
FMRD.DIRD.06/14.03.007/2014-15
March 20, 2015
All market participants
Dear Sir/Madam
T+2 settlements for outright secondary market transactions in Government Securities undertaken by Foreign Portfolio Investors and reported on NDS-OM
Please refer toparagraph 27of the fourth bi-monthly Monetary Policy Statement 2014-15 wherein it was announced that in order to address operational issues faced by foreign portfolio investors (FPIs) and long term foreign investors, th...
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Priority Sector Lending - Persons with Disabilities (PwD) - Inclusion under Weaker Sections
Posted Date : 20-Mar-2015 , 07:40:25 am | Posted By: CASANSAAR
RBI/2014-15/506
DCBR.BPD (PCB) Cir.No.7/14.01.062/2014-15
March 19, 2015
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Priority Sector Lending - Persons with Disabilities (PwD) - Inclusion under Weaker Sections
Please refer toParagraph 5of our Master Circular UBD.CO.BPD.(PCB) MC.No.7/09.09.001/2014-15 dated July 1, 2014 on Priority Sector Lending-Targets and Classification.
2. It has been decided that priority sector loans to Persons with Disabilities will b...
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Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List
Posted Date : 19-Mar-2015 , 07:05:04 pm | Posted By: Vijay
RBI/2014-15/505
DBR.AML.No.13793/14.06.001/2014-15
March 19, 2015
The Chairpersons / CEOs of all Scheduled Commercial Banks/
Regional Rural Banks /Local Area Banks / All India Financial Institutions
Dear Sir / Madam,
Implementation of Section 51-A of UAPA, 1967- Updates of the UNSCR 1267(1999) / 1989(2011) Committee's Al Qaida Sanctions List
Please refer to ourcircular DBR.AML No.12661/14.06.001/2014-15 dated February 25, 2015on the captioned subject releasing 4th update dat...
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Non-Resident Deposits - Stat 5 and Stat 8 Returns – Discontinuation
Posted Date : 18-Mar-2015 , 06:36:07 pm | Posted By: Vijay
RBI/2014-15/504
A.P (DIR Series) Circular No.85
March 18, 2015
To,
All Banks Authorised to deal in Foreign Exchange
Madam/Sir
Non-Resident Deposits - Stat 5 and Stat 8 Returns – Discontinuation
Attention of banks maintaining Non-Resident Deposits (NRD) Accounts is invited toA.P. (DIR Series) Circular No. 4 dated July 12, 2012andA.P. (DIR Series) Circular No. 19 dated August 7, 2013regarding submission of Stat 5 and Stat 8 Returns and moving the NRD-CSR reporting to XBRL ...
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Exim Bank's Line of Credit of USD 5.0492 million to the Banco Exterior De Cuba
Posted Date : 17-Mar-2015 , 06:27:13 pm | Posted By: Vijay
RBI/2014-15/502
A.P. (DIR Series) Circular No.84
March 17, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exim Bank's Line of Credit of USD 5.0492 million
to the Banco Exterior De Cuba
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated September 2, 2014 with the Banco Exterior De Cuba, for making available to the latter, a Line of Credit (LOC) of USD 5.0492 million (USD Five Million and Forty Nine Thousand two hundred) for financing...
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Amendment to section 13(2) of Prevention of Money laundering Act (PMLA) 2002
Posted Date : 16-Mar-2015 , 06:25:09 pm | Posted By: Vijay
RBI/2014-2015/501
DNBR.PD.CC.No.022/03.10.042/2014-15
March 16, 2015
All NBFCs
Dear Sir
Designated Director- Amendment to section 13(2) of Prevention of Money laundering Act (PMLA) 2002
Please refer to ourCircular DNBS (PD).CC.No.378/03.10.42/2013-14 dated May 29, 2014wherein NBFCs were advised to nominate a Director on their Boards as “Designated Director” to ensure compliance with the obligations under the Prevention of Money Laundering (Amendment) Act, 2012.
2. ...
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Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks
Posted Date : 12-Mar-2015 , 08:08:59 am | Posted By: CASANSAAR
RBI/2014-15/497DBR.No.BP.BC.76/21.04.158/2014-15
March 11, 2015
All Scheduled Commercial Banks(excluding RRBs)
Dear Sir,
Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by Banks
Please refer to ourcircular DBOD.No.BP.40/21.04.158/2014-15 dated November 3, 2006forwarding the final guidelines on managing risks as applicable in outsourcing of financial services.
2. In view of concerns raised that these instructions are not being adhered to, we reiterate t...
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Guidelines on Sale of Financial Assets to Securitisation Company(SC)/Reconstruction Company (RC) and Related Issues
Posted Date : 12-Mar-2015 , 08:05:45 am | Posted By: CASANSAAR
RBI/2014-15/496DBR.No.BP.BC.75/21.04.048/2014-15
March 11, 2015
All Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks)
Dear Sir,
Guidelines on Sale of Financial Assets to Securitisation Company(SC)/Reconstruction Company (RC) and Related Issues
Please refer to paragraph 3.4 ofcircular DBOD.BP.BC.No.98/21.04.132/2013-14 dated February 26, 2014and our subsequent mailbox clarification dated April 9, 2014 on the captioned subject, wherein we have stipulated that, fo...
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RBI directions to bank regarding Sukanya Samriddhi Account
Posted Date : 11-Mar-2015 , 06:33:35 pm | Posted By: Vijay
RBI/2014-15/494IDMD(DGBA).CDD.No.4052/15.02.006/2014-15
March 11, 2015
The Chairman and Managing Director/Managing DirectorHead Office, Government Accounts DepartmentState Bank of India/State Bank of Patiala/State Bank of Bikaner & Jaipur/State Bank of Travancore/State Bank of Hyderabad/State Bank of Mysore/Andhra Bank/Allahabad Bank/Bank of Baroda/Bank of India/Punjab & Sind Bank/Bank of Maharashtra/Canara Bank/Central Bank of India/ Corporation Bank/Dena Bank/Indian Bank/Indian Overs...
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