| Notifications/Circulars |
Category : RBI |
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RBI Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators
Posted Date : 30-Jul-2024 , 10:49:32 pm | Posted By: CASANSAAR
RBI/DPSS/2024-25/123
CO.DPSS.OVRST.No.S447/06-26-002/2024-25
July 30, 2024
The Chairman / Managing Director / Chief Executive Officer
Authorised Non-bank Payment System Operators
Madam / Dear Sir,
Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators
The safety and security of payment systems is a key objective of the Reserve Bank of India (RBI). To ensure that the authorised non-bank Payment System Operators (PSOs) are...
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RBI |
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RBI Guidelines on treatment of Dividend Equalisation Fund (DEF)- Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 30-Jul-2024 , 10:48:33 pm | Posted By: CASANSAAR
RBI/2024-25/57
DOR.CAP.REC.No.30/09.18.201/2024-25
July 30, 2024
Dear Sir/ Madam,
Guidelines on treatment of Dividend Equalisation Fund (DEF)- Primary (Urban) Co-operative Banks (UCBs)
Please refer toMaster Circular DOR.CAP.REC.5/09.18.201/2024-25 dated April 01, 2024on “Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs)”,Master Circular DoR.CRE.REC.71/07.10.002/2023-24 dated January 16, 2024on “Exposure Norms and Statutory / Other Res...
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RBI |
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RBI Master Direction on Treatment of Wilful Defaulters and Large Defaulters
Posted Date : 30-Jul-2024 , 10:47:27 pm | Posted By: CASANSAAR
RBI/DoR/2024-25/122
DoR.FIN.REC.No.31/20.16.003/2024-25
July 30, 2024
All Commercial Banks including Small Finance Banks, Local Area Banks and Regional Rural Banks and excluding Payments Banks
All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co-operative Banks
All India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID)
All Non-Banking Financial Companies including Housing Finance Companies
All Asset Reconstruction Companies
All Credit Informat...
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RBI |
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Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 27-Jul-2024 , 08:21:59 am | Posted By: CASANSAAR
RBI/2024-25/55
DOS.CO.PPG.SEC.No.8/11.01.005/2024-25
July 26, 2024
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs)
Please refer to thecircular DOR (PCB).BPD.Cir No.9/12.05.001/2019-20 dated January 6, 2020on the Supervisory Action Framework for Primary (Urban) Co-operative Banks (UCBs).
2. The existing Supervisory Action Framework (SAF) for UCBs has since been reviewed. Accordingly,...
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RBI |
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Small Value Loans
Posted Date : 25-Jul-2024 , 10:35:01 pm | Posted By: CASANSAAR
RBI/2024-25/53
DOR.CRE.REC.28/07.10.002/2024-25
July 25, 2024
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Small Value Loans – Primary (Urban) Co-operative Banks (UCBs)
Please refer to paras 2.2 and 2.2.1 of thecircular DOR (PCB).BPD.Cir No.10/13.05.000/2019-20 dated March 13, 2020, in terms of which, UCBs were required,inter alia, to have at least 50 per cent of their aggregate loans and advances comprising of Small Value Loans, i.e., loans of value not more th...
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RBI |
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Bank Finance against Shares and Debentures - RBI
Posted Date : 25-Jul-2024 , 10:34:07 pm | Posted By: CASANSAAR
RBI/2024-25/54
DOR.CRE.REC.29/07.10.002/2024-25
July 25, 2024
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Bank Finance against Shares and Debentures
Please refer to thecircular UBD.No.DS.PCB.CIR.16/13.05.00/2001-02 dated October 22, 2001and para 6.6.5 ofMaster Circular - Exposure Norms and Statutory / Other Restrictions – UCBs dated January 16, 2024, in terms of which Primary (Urban) Co-operative Banks (UCBs) were advised that the aggregate of their all loans a...
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RBI |
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Domestic Money Transfer
Posted Date : 25-Jul-2024 , 08:30:35 am | Posted By: CASANSAAR
RBI/2024-25/52
CO.DPSS.POLC.No.S415/02.27.019/2024-25
July 24, 2024
The Chairman / Managing Director / Chief Executive Officer
Authorised Payment System Operators / Participants (Banks and Non-banks)
Madam / Dear Sir,
Domestic Money Transfer – Review of Framework
The framework for Domestic Money Transfer (DMT) was introduced in 2011, videRBI circular DPSS.PD.CO.No.622/02.27.019/2011-2012 dated October 5, 2011. There has been significant increase in the availability of bank...
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RBI |
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Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies)
Posted Date : 16-Jul-2024 , 07:47:35 am | Posted By: CASANSAAR
RBI/DOS/2024-25/120
DOS.CO.FMG.SEC.No.7/23.04.001/2024-25
July 15, 2024
The Chairman / Managing Director / Chief Executive Officer
All Non-Banking Financial Companies (including Housing Finance Companies)
Madam / Dear Sir,
Master Directions on Fraud Risk Management in Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies)
Please find enclosed asAnnex‘Reserve Bank of India (Fraud Risk Management in NBFCs) Directions, 2024’ issued in exercise of ...
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RBI |
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Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs)
Posted Date : 16-Jul-2024 , 07:46:07 am | Posted By: CASANSAAR
RBI/DOS/2024-25/119
DOS.CO.FMG.SEC.No.6/23.04.001/2024-25
July 15, 2024
The Chairman / Managing Director / Chief Executive Officer
All Primary (Urban) Cooperative Banks (UCBs)
All State Cooperative Banks (StCBs) and
Central Cooperative Banks (CCBs)
Madam / Dear Sir,
Master Directions on Fraud Risk Management in Urban Cooperative Banks (UCBs) / State Cooperative Banks (StCBs) / Central Cooperative Banks (CCBs)
Please find enclosed asAnnex'Reserve Bank of India (Fraud Risk M...
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RBI |
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Master Directions on Fraud Risk Management in Commercial Banks (including Regional Rural Banks) and All India Financial Institutions
Posted Date : 16-Jul-2024 , 07:44:36 am | Posted By: CASANSAAR
RBI/DOS/2024-25/118
DOS.CO.FMG.SEC.No.5/23.04.001/2024-25
July 15, 2024
The Chairman / Managing Director / Chief Executive Officer
All Commercial Banks (including Regional Rural Banks)
All India Financial Institutions (AIFIs)*
Madam / Dear Sir,
Master Directions on Fraud Risk Management in Commercial Banks (including Regional Rural Banks) and All India Financial Institutions
Please find enclosed asAnnex‘Reserve Bank of India (Fraud Risk Management in Commercial Banks (inc...
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RBI |
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Basel III Capital Regulations - Eligible Credit Rating Agencies (ECAI) - RBI
Posted Date : 11-Jul-2024 , 07:28:47 am | Posted By: CASANSAAR
RBI/2024-25/50
DOR.STR.REC.26/21.06.008/2024-25
July 10, 2024
All Scheduled Commercial Banks
(including Small Finance Banks)
(excluding Local Area Banks, Payments Banks and Regional Rural Banks)
Dear Sir / Madam,
Basel III Capital Regulations - Eligible Credit Rating Agencies (ECAI)
Please refer to paragraph 6.1.2 of theMaster Circular DOR.CAP.REC.4/21.06.201/2024-25 dated April 1, 2024onBasel III Capital Regulations, wherein the list of domestic credit rating agencies accredit...
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RBI |
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Priority Sector Lending
Posted Date : 22-Jun-2024 , 10:17:24 pm | Posted By: CASANSAAR
RBI/2024-25/44
FIDD.CO.PSD.BC.No.7/04.09.01/2024-25
June 21, 2024
The Chairman / Managing Director/
Chief Executive Officer
[All Commercial Banks including Regional Rural Banks,
Small Finance Banks, Local Area Banks and
Primary (Urban) Co-operative Banks other than Salary Earners’ Banks]
Madam/ Dear Sir,
Priority Sector Lending – Amendments to the Master Directions
Please refer toMaster Directions (MD) on Priority Sector Lending (PSL) dated September 04, 2020as up...
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RBI |
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Amendment to Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016
Posted Date : 07-Jun-2024 , 09:11:40 pm | Posted By: CASANSAAR
RBI/2024-25/40
DoR.SPE.REC.No.24/13.03.00/2024-2025
June 07, 2024
All Scheduled Commercial Banks (excluding RRBs)
All Small Finance Banks
All Local Area Banks
Madam / Sir,
Amendment to Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016
Please refer to paragraph 3(a)(i) of theMaster Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 03, 2016, wherein the definition of “Bulk Deposits” has been ...
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RBI |
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RBI's Instructions on Money Changing Activities
Posted Date : 28-May-2024 , 09:08:36 am | Posted By: CASANSAAR
RBI/2024-25/39
A.P. (DIR Series) Circular No. 08
May 27, 2024
To
All Authorised Persons in Foreign Exchange
Madam/ Sir
Instructions on Money Changing Activities
Attention is invited toFED Master Direction No.3/2015-16 dated January 01, 2016(updated from time to time) on Money Changing Activities.
2. In terms of extant instructions, Full Fledged Money Changers (FFMCs)/non-bank Authorised Dealers (ADs) Category-II may obtain their normal business requirements of foreign currenc...
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RBI |
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Exclusion of "Fincare Small Finance Bank Limited" from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as a banking company
Posted Date : 25-May-2024 , 08:36:00 pm | Posted By: CASANSAAR
RBI/2024-25/38
DOR.RET.REC.23/12.07.160/2024-25
May 24, 2024
All Banks
Madam / Dear Sir,
Exclusion of "Fincare Small Finance Bank Limited" from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as a banking company
It is informed that "Fincare Small Finance Bank Limited" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2024, as the bank has ceased to carry on banking business wi...
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RBI |
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RBI Internal Review
Posted Date : 22-May-2024 , 08:06:58 pm | Posted By: CASANSAAR
RBI/2024-25/37
DoS.CO.PPG.SEC.2/11.01.005/2024-25
May 21, 2024
All Scheduled Commercial Banks
All Primary (Urban) Cooperative Banks
Madam / Dear Sir,
Internal Review – Interim Recommendations – Withdrawal of Circulars
An internal review of regulations was carried out to remove obsolete/ outdated/ superfluous instructions, and to rationalize and simplify existing instructions.
2. In view of above, the circulars listed in theAnnexare withdrawn with effect from close...
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RBI |
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Formation of new district in the State of Assam
Posted Date : 18-May-2024 , 11:06:44 am | Posted By: CASANSAAR
RBI/2024-25/35
FIDD.CO.LBS.BC.No.06/02.08.001/2024-25
May 15, 2024
The Chairman / Managing Director & Chief Executive Officer
Lead Banks Concerned
Madam/ Dear Sir,
Formation of new district in the State of Assam –
Assignment of Lead Bank Responsibility
The Government of Assam has notified formation of a new district, viz., Biswanath in the state of Assam vide Gazette Notification ECF.No.367433/29 dated September 07, 2023. Accordingly, it has been decided to designate ...
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RBI |
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Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024 - RBI
Posted Date : 11-May-2024 , 10:41:52 am | Posted By: CASANSAAR
RESERVE BANK OF INDIA
(FOREIGN EXCHANGE DEPARTMENT)
CENTRAL OFFICE
MUMBAI 400 001
Notification No. FEMA 5(R)/(4)/2024-RB
May 06, 2024
Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024
In exercise of the powers conferred by sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendment in the Foreign Exchange Management (Deposit) Regulations, 2016 (Notification No. FEMA ...
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RBI |
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RBI Master Direction
Posted Date : 09-May-2024 , 06:47:31 am | Posted By: CASANSAAR
RBI/FMRD/2024-25/117
FMRD.DIRD.01/14.01.023/2024-25
May 08, 2024
To
All eligible market participants
Madam/Sir
Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024
Please refer to Paragraph 10 of theStatement on Developmental and Regulatory Policiesannounced as a part of theBi-monthly Monetary Policy Statement for 2019-20 dated February 06, 2020, on issuance of the Directions regarding exchange of variation margi...
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RBI |
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Margin for Derivative Contracts - RBI
Posted Date : 09-May-2024 , 06:46:23 am | Posted By: CASANSAAR
RBI/2024-25/34
A. P. (DIR Series) Circular No.05
May 08, 2024
To,
The Authorised Dealers
Madam/Sir,
Margin for Derivative Contracts
Attention of Authorised Dealers is invited to the Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 notified in the Gazette of India videnotification no. FEMA.399/RB-2020 dated October 23, 2020, the amendment to the Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 notified in the Gazette...
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RBI |
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Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)
Posted Date : 04-May-2024 , 07:41:57 am | Posted By: CASANSAAR
RBI/2024-25/33
DOR.CRE.REC.22/21.03.054/2024-25
May 03, 2024
All Scheduled Commercial Banks
(excluding RRBs)
Madam/Dear Sir,
Banks' Exposure to Capital Market -
Issue of Irrevocable Payment Commitments (IPCs)
Please refer tocircular DBOD.Dir.BC.68/13.03.00/2011-12 dated December 27, 2011on “Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)” and mailbox clarification dated September 11, 2012 on “Applicability of Irrevoc...
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RBI |
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RBI Master Direction
Posted Date : 04-May-2024 , 07:41:02 am | Posted By: CASANSAAR
RBI/2024-25/32
A. P. (DIR Series) Circular No. 04
May 03, 2024
To,
All Authorised Persons
Madam/Sir,
Master Direction – Risk Management and Inter-Bank Dealings: Amendments
Attention of Authorised Persons is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 03, 2000 [Notification no. FEMA.25/RB-2000 dated May 03, 2000], as amended from time to time andMaster Direction - Risk Management and Inter-Bank Dealings da...
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RBI |
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Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)
Posted Date : 03-May-2024 , 08:14:56 pm | Posted By: CASANSAAR
RBI/2024-25/33
DOR.CRE.REC.22/21.03.054/2024-25
May 03, 2024
All Scheduled Commercial Banks (excluding RRBs)
Madam/Dear Sir,
Banks' Exposure to Capital Market -Issue of Irrevocable Payment Commitments (IPCs)
Please refer tocircular DBOD.Dir.BC.68/13.03.00/2011-12 dated December 27, 2011on “Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)” and mailbox clarification dated September 11, 2012 on “Applicability of Irrevo...
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RBI |
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Master Direction
Posted Date : 03-May-2024 , 08:12:13 pm | Posted By: CASANSAAR
RBI/2024-25/32
A. P. (DIR Series) Circular No. 04
May 03, 2024
To,
All Authorised Persons
Madam/Sir,
Master Direction – Risk Management and Inter-Bank Dealings: Amendments
Attention of Authorised Persons is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 03, 2000 [Notification no. FEMA.25/RB-2000 dated May 03, 2000], as amended from time to time andMaster Direction - Risk Management and Inter-Bank Dealing...
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RBI |
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Guidance Note on Operational Risk Management and Operational Resilience - RBI
Posted Date : 01-May-2024 , 09:52:25 am | Posted By: CASANSAAR
Operational Risk is inherent in all banking/ financial products, services, activities, processes, and systems. Effective management of Operational Risk is an integral part of the Regulated Entities’ (REs) risk management framework. Sound Management of Operational Risk shows the overall effectiveness of the Board of Directors and Senior Management in administering the RE’s portfolio of products, services, activities, processes, and systems
...
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RBI |
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Guidance Note on Operational Risk Management and Operational Resilience
Posted Date : 30-Apr-2024 , 08:11:18 pm | Posted By: CASANSAAR
RBI/2024-25/31
DOR.ORG.REC.21/14.10.001/2024-25 April 30, 2024
1. Purpose
1.1 Operational Risk is inherent in all banking/ financial products, services, activities, processes, and systems. Effective management of Operational Risk is an integral part of the Regulated Entities’ (REs) risk management framework. Sound Management of Operational Risk shows the overall effectiveness of the Board of Directors and Senior Management in administering the RE’s port...
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RBI |
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Fair Practices Code for Lenders
Posted Date : 29-Apr-2024 , 08:26:36 pm | Posted By: CASANSAAR
RBI/2024-25/30
DoS.CO.PPG.SEC.1/11.01.005/2024-25
April 29, 2024
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payments Banks
All Primary (Urban) Co-operative Banks/ State Co-operative Banks/
District Central Co-operative Banks
All Non-Banking Financial Companies (including Microfinance Institutions and Housing Finance Companies)
Madam / Dear Sir,
Fair Practices Code for Lenders – Charging of Interest
...
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RBI |
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Implementation of Section 51A of UAPA,1967: Updates to UNSC
Posted Date : 26-Apr-2024 , 08:20:18 pm | Posted By: CASANSAAR
RBI/2024-25/29
DOR.AML.REC.19/14.06.001/2024-25
April 26, 2024
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments in 01 Entry
Please refer to Section 51 of ourMaster Direction on Know Your Customer dated February 25, 2016as amended on January 04 , 2024 (MD on KYC), in terms of which “Regulated Entities (REs) shall...
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Category :
RBI |
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Voluntary transition of Small Finance Banks to Universal Banks
Posted Date : 26-Apr-2024 , 08:18:00 pm | Posted By: CASANSAAR
RBI/2024-25/28
DOR.LIC.REC.20/16.13.218/2024-25
April 26, 2024
All Small Finance Banks
Madam/ Dear Sir,
Voluntary transition of Small Finance Banks to Universal Banks
Please refer to Paragraph 14 of the“Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector” dated December 5, 2019, which provides a transition path for Small Finance Banks (SFBs) to convert into Universal Banks. Such conversion shall be subject to the SFB’s ...
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RBI |
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Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)
Posted Date : 26-Apr-2024 , 08:15:37 pm | Posted By: CASANSAAR
RBI/2024-25/27
A.P. (DIR Series) Circular No. 03
April 26, 2024
To,
All Authorized Persons
Madam / Sir
Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified videNotification No. FEMA. 396/2019-RB dated October 17, 2019as amended from time to time and the r...
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RBI |
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