| Notifications/Circulars |
Category : RBI |
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Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Posted Date : 30-Aug-2024 , 10:26:53 am | Posted By: CASANSAAR
RBI/2024-25/71
DOR.STR.REC.41/04.02.001/2024-25
August 29, 2024
All Scheduled Commercial Banks (excluding RRBs),
Primary (Urban) Cooperative Banks & State Cooperative Banks (scheduled banks having AD category-I license), and
Exim Bank
Dear Sir / Madam,
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Please refer to the instructions issued videcircular No. DOR.STR.REC.78/04.02.001/2023-24 dated February 22, 2024.
2. Government of India, vid...
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RBI |
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Processing of e-mandates for recurring transactions - RBI
Posted Date : 23-Aug-2024 , 07:47:41 am | Posted By: CASANSAAR
RBI/2024-25/64
CO.DPSS.POLC.No.S528/02-14-003/2024-25
August 22, 2024
The Chairman / 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 / Payments Banks /
Small Finance Banks / Local Area Banks /
Non-bank Prepaid Payment Instrument issuers / Authorised Card Payment Networks /
National Payments Corporation of India
Madam / Dear Sir,
...
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RBI |
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Review of Master Direction - Non-Banking Financial Company
Posted Date : 20-Aug-2024 , 01:17:47 pm | Posted By: CASANSAAR
=
RBI/2024-25/63
DoR.FIN.REC.35/03.10.124/2024-25
August 16, 2024
All Non-Banking Financial Company – Peer to Peer Lending Platforms
Dear Sir/ Madam,
Review of Master Direction - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017
Please refer to theMaster Direction - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017(the Directions).
2. The Directions envisaged the Non-Bank...
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RBI |
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Review of Risk Weights for Housing Finance Companies (HFCs) - RBI
Posted Date : 13-Aug-2024 , 09:21:10 pm | Posted By: CASANSAAR
RBI/2024-25/62
DOR.CRE.REC.33/08.12.001/2024-25
August 12, 2024
Housing Finance Companies
Madam/ Dear Sir,
Review of Risk Weights for Housing Finance Companies (HFCs)
Please refer toMaster Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 dated February 17, 2021, as updated from time to time. On a review, it has been decided to carry out the following modifications:
(i) Risk weighted assets for undisbursed amount of...
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RBI |
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Review of regulatory framework for HFCs and harmonisation of regulations applicable to HFCs and NBFCs
Posted Date : 13-Aug-2024 , 09:19:52 pm | Posted By: CASANSAAR
RBI/2024-25/61
DOR.FIN.REC.No.34/03.10.136/2024-25
August 12, 2024
All Housing Finance Companies (HFCs)
All Non-Banking Finance Companies (NBFCs)
Dear Sir/ Madam,
Review of regulatory framework for HFCs and harmonisation of regulations applicable to HFCs and NBFCs
Please refer to thecircular DOR.NBFC (HFC).CC.No.118/03.10.136/2020-21 dated October 22, 2020. In terms of para 4 of the above circular, it was advised that further harmonisation of regulations applicable to HFCs and N...
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RBI |
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Frequency of reporting of credit information by Credit Institutions to Credit Information Companies - RBI
Posted Date : 09-Aug-2024 , 11:07:19 am | Posted By: CASANSAAR
RBI/2024-25/60
DoR.FIN.REC.No.32/20.16.056/2024-25
August 08, 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 Informa...
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RBI |
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Modified Interest Subvention Scheme for Short Term Loans for Agriculture & Allied Activities availed through Kisan Credit Card
Posted Date : 07-Aug-2024 , 07:28:18 am | Posted By: CASANSAAR
RBI/2024-25/59
FIDD.CO.FSD.BC.No.8/05.02.001/2024-25
August 06, 2024
The Chairman/Managing Director/Chief Executive Officer
All Public Sector Banks, Private Sector Banks and
Small Finance Banks
Madam/Dear Sir,
Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2024-25
Please refer to ourcircular FIDD.CO.FSD.BC.No.13/05.02.001/2022-23 dated November 23, 2022conveying the...
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RBI |
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Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2024-25
Posted Date : 06-Aug-2024 , 07:22:39 pm | Posted By: CASANSAAR
RBI/2024-25/59
FIDD.CO.FSD.BC.No.8/05.02.001/2024-25
August 06, 2024
The Chairman / Managing Director / Chief Executive Officer All Public Sector Banks, Private Sector Banks and Small Finance Banks
Madam/Dear Sir,
Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2024-25
Please refer to ourcircular FIDD.CO.FSD.BC.No.13/05.02.001/2022-23 dated November 23, 2022conveyi...
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RBI |
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Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks
Posted Date : 06-Aug-2024 , 07:19:48 pm | Posted By: CASANSAAR
RBI/2024-25/58
DOR.CAP.REC.No.27/09.18.201/2024-25
August 02, 2024
Dear Sir/ Madam,
Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks
As you are aware, under the provisions of the respective State Co-operative Societies Acts, or otherwise, on prudential consideration, several co-operative banks have created Bad and Doubtful Debt Reserve (BDDR)1. While in some cases, BDDR is created by recognising an expense in the Profit and Loss (P&L) Account, in o...
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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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