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Category : RBI |
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Liquidity Adjustment Facility- Change in rates - RBI
Posted Date : 05-May-2022 , 07:18:04 am | Posted By: CASANSAAR
RBI/2022-23/42
FMOD.MAOG.No.144/01.01.001/2022-23
May 04, 2022
All Liquidity Adjustment Facility (LAF) participants
Madam/Sir,
Liquidity Adjustment Facility- Change in rates
As announced in theMonetary Policy Statement, 2022-23, today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 40 basis points from 4.00 per cent to4.40 per centwith immediate effect.
2. Consequently, the standing d...
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RBI |
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RBI Withdraws 225 Circulars in third tranche of recommendations
Posted Date : 03-May-2022 , 10:12:29 am | Posted By: CASANSAAR
Regulations Review Authority (RRA 2.0) has recommended withdrawal of additional 225 circulars in the third tranche of recommendations.
RRA 2.0 was set-up by the Reserve Bank of India to review the regulatory instructions, remove redundant and duplicate instructions and reduce the compliance burden on Regulated Entities (REs). RRA had recommended withdrawal of 150 circulars in the first tranche of recommendations videpress release dated November 16, 2021and 100 circulars in the second tran...
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RBI |
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Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs
Posted Date : 29-Apr-2022 , 08:32:09 pm | Posted By: CASANSAAR
RBI/2022-23/36
DOR.GOV.REC.No.29/18.10.002/2022-23
April 29, 2022
All Non-Banking Financial Companies
Madam/Sir,
Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs
As you are aware, a revised Scale Based Regulatory (SBR) framework for NBFCs was put in place videcircular DOR.CRE.REC.No.60/03.10.001/2021-22 October 22, 2021. In terms of para 3.2.3 (h) of the said circular, in order to address issues arising out of excessive risk taking cause...
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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)
Posted Date : 29-Apr-2022 , 11:15:33 am | Posted By: CASANSAAR
RBI/2022-23/35
FIDD.CO.FSD.BC.No.3/05.02.001/2022-23
April 28, 2022
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 2021-22
Please refer to our letter FIDD.CO.FSD.No.342/05.02.001/2020-21 dated October 16, 2020 conveying the...
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RBI |
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Creation of Honorary Designations at Board level in Urban Co-operative Banks
Posted Date : 22-Apr-2022 , 08:53:43 am | Posted By: CASANSAAR
RBI/2022-23/33
DOR.GOV.REC.No.26/18.10.004/2022-23
April 21, 2022
The Chairman / Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam/Dear Sir,
Creation of Honorary Designations at Board level in Urban Co-operative Banks
It has been observed during the course of supervisory reviews that some of the Urban Co-operative Banks (UCBs) have adopted the practice of creating honorary designations (remunerated or otherwise)/conferring titles at Board l...
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RBI |
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Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022
Posted Date : 22-Apr-2022 , 08:52:58 am | Posted By: CASANSAAR
RBI/2022-23/92
DoR.AUT.REC.No.27/24.01.041/2022-23
April 21, 2022
Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022
In exercise of the powers conferred by Sections 35A and Section 56 of the Banking Regulation Act, 1949 and Chapter IIIB of the Reserve Bank of India Act, 1934, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby, issues the Directions hereinafter specified.
...
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RBI |
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Legal Entity Identifier (LEI) for Borrowers - RBI
Posted Date : 22-Apr-2022 , 08:52:02 am | Posted By: CASANSAAR
RBI/2022-23/34
DOR.CRE.REC.28/21.04.048/2022-23
April 21, 2022
All Scheduled Commercial Banks (Excluding Regional Rural Banks),
All India Financial Institutions,
Small Finance Banks, Local Area Banks,
Primary (Urban) Co-operative Banks, and
Non-Banking Financial Companies (including Housing Finance Companies)
Madam/Dear Sir,
Legal Entity Identifier (LEI) for Borrowers
Please refer to Para 3 ofDBR.No.BP.BC.92/21.04.048/2017-18 dated November 2, 2017, on the captioned subject.
...
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RBI |
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Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR)
Posted Date : 19-Apr-2022 , 08:56:40 am | Posted By: CASANSAAR
RBI/2022-23/25
DOR.LRG.REC.19/21.04.098/2022-23
April 18, 2022
Dear Sir/Madam,
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR)
Please refer to ourcircular DOR.BP.BC.No.65/21.04.098/2019-20 dated April 17, 2020on Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR).
2. In terms of the circular ibid, the assets allowed as Level 1 High Quality Liquid Assets (HQLAs) for the purpose of computing the LCR, inter alia, includ...
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RBI |
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Compliance Function and Role of Chief Compliance Officer (CCO) - RBI
Posted Date : 12-Apr-2022 , 08:05:55 am | Posted By: CASANSAAR
RBI/2022-23/24
Ref.No.DoS.CO.PPG./SEC.01/11.01.005/2022-23
April 11, 2022
The Chairman / Managing Director / Chief Executive Officer
All Non-Banking Financial Companies
Madam / Dear Sir,
Compliance Function and Role of Chief Compliance Officer (CCO)
Please refer to the Reserve Bank’s guidelines on ‘Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs’ issued videCircular Ref.DOR.CRE. REC.No.60/03.10.001/2021-22 dated October 22, 20211. As indi...
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RBI |
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Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR)
Posted Date : 09-Apr-2022 , 08:12:55 am | Posted By: CASANSAAR
RBI/2022-23/23
DOR.RET.REC.15/12.01.001/2022-23
April 08, 2022
All Scheduled Commercial Banks (including Regional Rural Banks)
Local Area Banks, Small Finance Banks, Payments Banks
Primary (Urban) Co-operative Banks (UCBs)
State and Central Co-operative Banks (StCBs / CCBs)
Madam/Sir,
Section 24 and Section 56 of the Banking Regulation Act, 1949 –
Maintenance of Statutory Liquidity Ratio (SLR)
Please refer tocircular DBR.No.Ret.BC.10/12.02.001/2018-19 dated December 05,...
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- Management of Advances - UCBs - RBI
Posted Date : 09-Apr-2022 , 08:12:12 am | Posted By: CASANSAAR
Please refer to our Master Circular DCBR.BPD.(PCB) MC No.14/13.05.000/2015-16 dated July 1, 2015 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines issued on the subject up to April 7, 2022 as listed in the Appendix....
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RBI |
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Review of SLR holdings in HTM category - RBI
Posted Date : 09-Apr-2022 , 08:11:01 am | Posted By: CASANSAAR
RBI/2022-23/21
DOR.MRG.REC.14/21.04.141/2022-23
April 08, 2022
Dear Sir / Madam,
Review of SLR holdings in HTM category
Please refer to paragraph 4 ofStatement on Development and Regulatory Policiesof theMonetary Policy Statement, 2022-23 dated April 08, 2022and Section 6(iv)(a) ofMaster Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 dated August 25, 2021.
2. At present, banks have been granted a special dispensa...
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RBI |
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Individual Housing Loans – Rationalisation of Risk Weights - RBI
Posted Date : 09-Apr-2022 , 08:10:17 am | Posted By: CASANSAAR
RBI/2022-23/20
DOR.CRE.REC.13/08.12.015/2022-23
April 8, 2022
All Scheduled Commercial Banks
(Excluding Local Area Banks and Regional Rural Banks)
Madam/ Dear Sir,
Individual Housing Loans – Rationalisation of Risk Weights
Please refer tocircular DOR.No.BP.BC.24/08.12.015/2020-21 dated October 16, 2020on rationalization of risk weights on Individual Housing Loans in terms of which risk weights were rationalised irrespective of the amount, for all new housing loans sanction...
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RBI |
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Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 - Amendment
Posted Date : 01-Apr-2022 , 08:13:11 am | Posted By: CASANSAAR
RBI/2021-22/191
DOR.MRG.REC.98/21.04.141/2021-22
March 31, 2022
Dear Sir / Madam,
Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 - Amendment
Please refer to theMaster Direction DOR.MRG.42/21.04.141/2021-22 dated August 25, 2021– ‘Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021’ (hereinafter referred as ‘Master Direction’).
...
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RBI |
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Bilateral Netting of Qualified Financial Contracts - Amendments to Prudential Guidelines
Posted Date : 01-Apr-2022 , 08:08:15 am | Posted By: CASANSAAR
RBI/2021-22/189
DOR.CAP.REC.No.97/21.06.201/2021-22
March 31, 2022
Dear Sir/ Madam,
Bilateral Netting of Qualified Financial Contracts - Amendments to Prudential Guidelines
The Bilateral Netting of Qualified Financial Contracts Act, 2020 (hereafter referred to as “the Act”), has been notified by the Government of India vide Gazette Notification No. S.O. 3463(E) dated October 1, 2020. The Act provides a legal framework for enforceability of bilateral netting of qualified ...
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RBI |
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Special Clearing operations on March 31, 2022 - RBI
Posted Date : 29-Mar-2022 , 08:03:45 am | Posted By: CASANSAAR
RBI/2021-2022/188
CO.DPSS.RPPD.No./S1769/03-01-002/2021-22
March 28, 2022
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 / Payment Banks /
Small Finance Banks / National Payments Corporation of India
Madam / Dear Sir,
Special Clearing operations on March 31, 2022
A reference is invited to the...
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RBI |
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Framework for Geo-tagging of Payment System Touch Points
Posted Date : 26-Mar-2022 , 09:00:36 am | Posted By: CASANSAAR
RBI/2021-22/187
CO.DPSS.OVRST.No.S1738/06-08-018/2021-2022
March 25, 2022
The Chairman / Managing Director / Chief Executive Officer
Banks and Non-bank Payment System Operators (PSOs)
Madam / Dear Sir,
Framework for Geo-tagging of Payment System Touch Points
To facilitate nuanced spread of acceptance infrastructure and inclusive access to digital payments, theMonetary Policy Statement 2020-21 on October 08, 2021had announced that a framework for geo-tagging of physical payment a...
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RBI |
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Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2021-22)
Posted Date : 26-Mar-2022 , 08:59:07 am | Posted By: CASANSAAR
RBI/2021-2022/186
CO.DGBA.GBD.No.S1595/42-01-029/2021-2022
March 24, 2022
All Agency Banks
Dear Sir / Madam
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2021-22)
All government transactions done by agency banks for Financial Year 2021-22 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Governm...
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RBI |
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Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 - Amendment
Posted Date : 26-Mar-2022 , 08:56:52 am | Posted By: CASANSAAR
RBI/2021-22/185
DOR.MRG.REC.96/21.04.141/2021-22
March 23, 2022
Dear Sir / Madam,
Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 - Amendment
Please refer to theMaster Direction DOR.MRG.42/21.04.141/2021-22 dated August 25, 2021– ‘Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021’ (hereinafter referred as ‘Master Direction’).
...
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RBI |
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Master Direction – Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022
Posted Date : 15-Mar-2022 , 07:50:09 am | Posted By: CASANSAAR
RBI/DOR/2021-22/89
DoR.FIN.REC.95/03.10.038/2021-22
March 14, 2022
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,
Master Direction – Reserve Bank of India (Regulatory Framework fo...
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RBI |
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Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension
Posted Date : 09-Mar-2022 , 10:00:24 am | Posted By: CASANSAAR
RBI/2021-22/180
DOR.STR.REC.93/04.02.001/2021-22
March 8, 2022
All Scheduled Commercial Banks (excluding RRBs),
Small Finance Banks,
Primary (Urban) Cooperative Banks (scheduled banks having AD category-I license), and EXIM Bank
Dear Sir / Madam,
Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension
Please refer to the instructions issued videcircular DOR.CRE(DIR).REC.28/04.02.001/2021-22 dated July 1, 2021.
2. Government of India has approved...
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RBI |
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Issue and regulation of share capital and securities - Primary (Urban) Co-operative Banks
Posted Date : 09-Mar-2022 , 09:59:42 am | Posted By: CASANSAAR
RBI/2021-22/179
DOR.CAP.REC.92/09.18.201/2021-22
March 08, 2022
The Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Issue and regulation of share capital and securities - Primary (Urban) Co-operative Banks
The Banking Regulation (Amendment) Act, 2020 (No. 39 of 2020), notified in the Gazette of India on September 29, 2020 (vide Notification No. 64 of that date),is deemed to have come into force with effect from June 29, 2020 for Primary (Urban) C...
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RBI |
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Investment in Umbrella Organization (UO) by Primary (Urban) Co-operative Banks - RBI
Posted Date : 04-Mar-2022 , 08:12:34 am | Posted By: CASANSAAR
RBI/2021-22/177
DOR.REC.MRG.90/16.20.000/2021-22
March 3, 2022
Madam / Dear Sir,
Investment in Umbrella Organization (UO) by Primary (Urban) Co-operative Banks
Please refer tocircular UBD.(PCB).BPD.Cir.No.46/16.20.000/2008-09 dated January 30, 2009on Investments in Non-SLR securities by Primary (Urban) Co-operative Banks. Paragraph 2(i) of the circular states that the non-SLR investments shall be limited to ten per cent of a bank’s total deposits as on March 31 of the previous...
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RBI |
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Reporting and Accounting of Central Government transactions of March 2022 - RBI
Posted Date : 25-Feb-2022 , 08:51:54 am | Posted By: CASANSAAR
RBI/2021-22/176
CO.DGBA.GBD.No.S1422/42-01-029/2021-2022
February 24, 2022
All Agency Banks
Madam/Dear Sir,
Reporting and Accounting of Central Government transactions of March 2022
Please refer toCirculars DGBA.GBD.No.S140/42.01.029/2020-21 dated March 18, 2021andDGBA.GBD.No.S26/42.01.029/2021-22 dated April 7, 2021advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil...
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RBI |
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Regulations Review Authority (RRA 2.0) – Interim Recommendations – Online Submission of Returns
Posted Date : 23-Feb-2022 , 09:20:39 am | Posted By: CASANSAAR
RBI/2021-22/173
FMRD.DIRD.13/14.03.59/2021-22
February 18, 2022
To
All Eligible Market Participants
Madam / Dear Sir
Regulations Review Authority (RRA 2.0) – Interim Recommendations –
Online Submission of Returns
Please refer to thepress release dated February 18, 2022issued on the captioned subject.
2. As part of the implementation of the interim recommendations of the RRA 2.0, it is proposed to convert the paper based/ e-mail-based returns listed in theAnnext...
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RBI |
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Regulations Review Authority (RRA 2.0) – Interim Recommendations – Discontinuation/Merger/Online Submission of Returns
Posted Date : 23-Feb-2022 , 09:19:52 am | Posted By: CASANSAAR
RBI/2021-2022/172
A.P. (DIR Series) Circular No.26
February 18, 2022
All Authorised Persons
Madam / Dear Sir,
Regulations Review Authority (RRA 2.0) – Interim Recommendations –
Discontinuation/Merger/Online Submission of Returns
Please refer to thepress release dated February 18, 2022issued on the captioned subject.
2. As part of the implementation of the interim recommendations of the RRA 2.0, it is proposed to discontinue/merge the returns listed in theAnnex 1. ...
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RBI |
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Regulations Review Authority (RRA 2.0) – Interim Recommendations – Second Tranche
Posted Date : 23-Feb-2022 , 09:18:58 am | Posted By: CASANSAAR
RBI/2021-2022/170
CO.DSIM.SMD.No.S482/05-06-004/2021-22
February 18, 2022
SCBs (including Regional Rural Banks)
and Payment Banks
Madam / Dear Sir,
Regulations Review Authority (RRA 2.0) – Interim Recommendations – Second Tranche
Please refer to thepress release dated February 18, 2022issued on the captioned subject.
2. As part of the implementation of the interim recommendations of the RRA 2.0, it is proposed to convert, the paper based/ e-mail-based return liste...
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RBI |
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Regulations Review Authority (RRA 2.0) – Interim Recommendations – Withdrawal of Circulars
Posted Date : 23-Feb-2022 , 09:18:06 am | Posted By: CASANSAAR
RBI/2021-22/169
DoR.RRA.89/01.01.101/2021-22
February 18, 2022
All Scheduled Commercial Banks
All Payments Banks
All Small Finance Banks
All Local Area Banks
Madam / Dear Sir,
Regulations Review Authority (RRA 2.0) – Interim Recommendations – Withdrawal of Circulars
Please refer to thePress Release dated February 18, 2022issued on the captioned subject.
2. The circulars listed in theAnnexureare withdrawn with effect from close of business today.
Yours faithfu...
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Regulations Review Authority (RRA 2.0) – Interim Recommendations – Discontinuation/Merger/Online Submission of Returns
Posted Date : 23-Feb-2022 , 09:16:35 am | Posted By: CASANSAAR
RBI/2021-22/168
DoR.RRA.88/01.01.101/2021-22
February 18, 2022
All Scheduled Commercial Banks
All Regional Rural Banks
All Payments Banks
All Small Finance Banks
All Local Area Banks
All Primary Urban Cooperative Banks
All State Cooperative Banks
All District Central Cooperative Banks
[As applicable]
Madam / Dear Sir,
Regulations Review Authority (RRA 2.0) – Interim Recommendations – Discontinuation/Merger/Online Submission of Returns
Please refer to thePress ...
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RBI |
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Regulations Review Authority (RRA 2.0) – Interim Recommendations – Discontinuation / Merger / Online Submission of Returns
Posted Date : 23-Feb-2022 , 09:14:46 am | Posted By: CASANSAAR
RBI/2021-2022/165
CO.DPSS.OVRST.No.S1478/06-08-001/2021-2022
February 18, 2022
The Chairman / Managing Director /
Chief Executive Officer
Authorised Payment System Operators /
Banks
Madam / Dear Sir,
Regulations Review Authority (RRA 2.0) – Interim Recommendations –
Discontinuation / Merger / Online Submission of Returns
Please refer to thepress release dated February 18, 2022issued on the captioned subject.
2. As part of the implementation of interim recommend...
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