| Notifications/Circulars |
Category : RBI |
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Designation of 2 individuals as
Posted Date : 03-Jan-2024 , 11:14:51 am | Posted By: CASANSAAR
RBI/2023-24/106
DOR.AML.REC.65/14.06.001/2023-24
January 02, 2024
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Designation of 2 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg.
In terms of Section 51 read with Section 53A of ourMaster Direction on Know Your Customer dated February 25, 2016as amended on October 17, 2023, &ld...
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RBI |
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Review of Instructions on Bulk Deposits for Urban Co-operative Banks (UCBs)
Posted Date : 01-Jan-2024 , 09:43:30 pm | Posted By: CASANSAAR
RBI/2023-24/104
DoR.SPE.REC.63/13.03.00/2023-2024
January 01, 2024
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Review of Instructions on Bulk Deposits for Urban Co-operative Banks (UCBs)
Please refer to Para 3 (a) (i) ofMaster Direction - Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016 dated May 12, 2016, in terms of which “Bulk Deposit” means single Rupee term deposits of Rupees fifteen lakh and above.
2. On a r...
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RBI |
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Inoperative Accounts /Unclaimed Deposits in Banks- Revised Instructions
Posted Date : 01-Jan-2024 , 09:42:35 pm | Posted By: CASANSAAR
RBI/2023-24/105
DOR.SOG (LEG).REC/64/09.08.024/2023-24
January 1, 2024
Madam / Dear Sir
Inoperative Accounts /Unclaimed Deposits in Banks- Revised Instructions
As per extant instructions, the credit balance in any deposit account maintained with banks, which have not been operated upon for ten years or more, or any amount remaining unclaimed for ten years or more, as mentioned in paragraph 3(iii) of the “Depositor Education and Awareness” (DEA) Fund Scheme, 2014, are req...
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RBI |
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Basel III Framework on Liquidity Standards
Posted Date : 30-Dec-2023 , 11:34:07 am | Posted By: CASANSAAR
RBI/2023-24/103
DOR.LRG.REC.62/03.10.001/2023-24
December 29, 2023
Madam / Dear Sir,
Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Review of National Development Banks
Please refer to circularDBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018on Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR) – Final Guidelines.
2. NABARD, NHB and SIDBI are considered as National Development Banks (NDBs) under the e...
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RBI |
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Master Direction - Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023
Posted Date : 30-Dec-2023 , 11:23:52 am | Posted By: CASANSAAR
RBI/CEPD/2023-24/108
CEPD.PRD.No.S1228/13.01.019/2023-24
December 29, 2023
(1) Chairman/Managing Director/CEO of All Scheduled Commercial Banks (excluding RRBs)
(2) Chairman/Managing Director/CEO of All NBFCs
(3) Chairman/Managing Director/CEO of Non-Bank System Participants
(4) Chairman/Managing Director/CEO of All Credit Information Companies
Dear Sir / Madam,
Master Direction - Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2023
1. The Res...
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RBI |
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Fair Lending Practice - Penal Charges in Loan Accounts: Extension of Timeline for Implementation of Instructions
Posted Date : 30-Dec-2023 , 11:14:53 am | Posted By: CASANSAAR
RBI/2023-24/102
DoR.MCS.REC.61/01.01.001/2023-24
December 29, 2023
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks, excluding Payments Banks)
All Primary (Urban) Co-operative Banks
All NBFCs (including HFCs) and
All India Financial Institutions (EXIM Bank, NABARD, NHB, SIDBI and NaBFID)
Madam / Dear Sir,
Fair Lending Practice - Penal Charges in Loan Accounts: Extension of Timeline for Implementation of Instructions
Reference is in...
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RBI |
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Payments Infrastructure Development Fund
Posted Date : 30-Dec-2023 , 11:09:41 am | Posted By: CASANSAAR
RBI/2023-24/101
CO.DPSS.POLC.No.S940/02-29-005/2023-24
December 29, 2023
The Chairman / Managing Director / Chief Executive Officer
Card Issuing and Acquiring Banks and Non-banks / Authorised Card Networks
Madam / Dear Sir,
Payments Infrastructure Development Fund – Extension of Scheme and Enhancements
Please refer to the Reserve Bank of Indiacircular DPSS.CO.AD No.900/02.29.005/2020-21 dated January 05, 2021, on “Operationalisation of Payments Infrastructure Develop...
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RBI |
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Classification of Micro, Small & Medium Enterprises (MSME) - RBI
Posted Date : 29-Dec-2023 , 09:10:42 am | Posted By: CASANSAAR
RBI/2023-24/100
FIDD.MSME & NFS.BC.No.13/06.02.31/2023-24
December 28, 2023
The Chairman/ Managing Director/Chief Executive Officer
All Scheduled Commercial Banks (except RRBs)
(including Small Finance Banks and Local Area Banks)
Dear Sir / Madam
Classification of MSMEs
Please refer to para 2.4 to 2.7 of theMaster Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector dated July 24, 2017(as updated on July 29, 2022), inserted in terms of thecircular FIDD...
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RBI |
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MHP Exemption for Transfer of Receivables - RBI
Posted Date : 29-Dec-2023 , 09:09:02 am | Posted By: CASANSAAR
RBI/2023-24/99
DOR.STR.REC.60/21.04.048/2023-24
December 28, 2023
All Scheduled Commercial Banks (excluding Regional Rural Banks)
All All-India Financial Institutions
All Non-Banking Financial Companies (including Housing Finance Companies)
MHP Exemption for Transfer of Receivables
Please refer to clause 39, of theMaster Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 (“MD-TLE”), regarding requirement of Minimum Holding Period (MHP...
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RBI |
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Reserve Bank of India (Financial Benchmark Administrators) Directions, 2023
Posted Date : 29-Dec-2023 , 09:08:11 am | Posted By: CASANSAAR
RBI/2023-24/98
FMRD.FMSD.07/03.07.35/2023-24
December 28, 2023
To
All eligible market participants
Madam/Sir
Reserve Bank of India (Financial Benchmark Administrators) Directions, 2023
Please refer to paragraph 1 of theStatement on Developmental and Regulatory Policies dated August 10, 2023regarding review of theFinancial Benchmark Administrators (Reserve Bank) Directions, 2019 dated June 26, 2019(‘the Directions’).
2. Accordingly, the Directions have been revie...
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RBI |
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Reserve Bank of India (Government Securities Lending) Directions, 2023
Posted Date : 27-Dec-2023 , 07:49:03 pm | Posted By: CASANSAAR
RBI/2023-24/97
FMRD.DIRD.No.05/14.03.061/2023-2024
December 27, 2023
All participants in Government Securities market
Madam/Sir,
Reserve Bank of India (Government Securities Lending) Directions, 2023
Please refer to paragraph 1 of theStatement on Developmental and Regulatory Policies, issued as a part of theBi-monthly Monetary Policy Statement for 2022-23 dated February 08, 2023on introduction of Securities Lending and Borrowing in Government Securities. In pursuance of the annou...
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RBI |
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Reverse Repo transactions - Reporting in Form
Posted Date : 23-Dec-2023 , 12:50:19 pm | Posted By: CASANSAAR
RBI/2023-24/92
DoR.RET.REC.59/12.01.001/2023-24
December 22, 2023
The Chairperson / CEOs of all Commercial Banks
Madam / Dear Sir,
Reverse Repo transactions - Reporting in Form ‘A’ Return
Please refer to thecircular DoR.RET.REC.43/12.01.001/2023-24 dated October 16, 2023on the captioned subject.
2. On a review, it has been decided to revise the instructions contained in Para B of the above circular. Accordingly, the Reverse Repo transactions of a bank with non-bank...
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RBI |
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Liberalised Remittance Scheme (LRS) for Resident Individuals- Reporting of monthly return and daily transactions
Posted Date : 23-Dec-2023 , 12:46:48 pm | Posted By: CASANSAAR
RBI/2023-24/93
A.P. (DIR Series) Circular No.11
December 22, 2023
To
All Category-I Authorised Dealer Banks
Madam/Sir,
Liberalised Remittance Scheme (LRS) for Resident Individuals- Reporting of monthly return and daily transactions
Attention of all Authorised Dealer Category-I (AD Category- I) banks is invited toA.P. (DIR Series) Circular No. 07 dated June 17, 2021, in terms of which, AD Category-I banks were required to upload data in respect of number of applications receive...
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RBI |
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CIMS Project implementation - Discontinuation of submission in legacy XBRL
Posted Date : 23-Dec-2023 , 12:42:33 pm | Posted By: CASANSAAR
RBI/2023-24/94
A.P. (DIR Series) Circular No.12
December 22, 2023
To
All Category-I Authorised Dealer Banks
Madam / Sir,
CIMS Project implementation - Discontinuation of submission in legacy XBRL
Attention of Authorised Dealer Category-I (AD Category- I) banks is invited toA.P. (DIR Series) Circular No. 103 dated April 03, 2012and ofA.P. (DIR Series) Circular No. 30 dated September 15, 2014in terms of which, AD Category-I banks were required to submit the following statements ...
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RBI |
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Rupee Drawing Arrangement - Submission of statement/return on CIMS Portal
Posted Date : 23-Dec-2023 , 12:38:54 pm | Posted By: CASANSAAR
RBI/2023-24/95
A.P. (DIR Series) Circular No.09
December 22, 2023
To
All Authorised Dealer Category - I Banks
Madam / Sir,
Rupee Drawing Arrangement - Submission of statement/return on CIMS Portal
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to theA.P. (DIR Series) Circular No.71 dated May 19, 2016, in terms of which AD Category – I banks were required to submit statement E on total remittances received every quarter.
2. I...
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Category :
RBI |
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Trade Credit for imports into India
Posted Date : 23-Dec-2023 , 12:33:52 pm | Posted By: CASANSAAR
RBI/2023-24/96
A.P. (DIR Series) Circular No. 10
December 22, 2023
To
All Category - I Authorised Dealer Banks
Madam / Sir
Trade Credit for imports into India – Submission of return on issuance of bank guarantees for Trade Credits on the Centralised Information Management System (CIMS)
Attention of Authorised Dealer Category – I banks is invited toA.P. (DIR Series) Circular No. 75 November 19, 2013read withA.P. (DIR Series) Circular No. 20 dated March 13, 2018relat...
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Category :
RBI |
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Card-on-File Tokenisation (CoFT)
Posted Date : 21-Dec-2023 , 08:21:38 am | Posted By: CASANSAAR
RBI/2023-24/91
CO.DPSS.POLC.No.S-919/02-14-003/2023-24
December 20, 2023
All Payment System Providers and Payment System Participants
Madam / Dear Sir,
Card-on-File Tokenisation (CoFT) – Enabling Tokenisation through Card Issuing Banks
The card tokenisation services are being currently provided by card issuers and card networks in terms ofReserve Bank of India circulars DPSS.CO.PD No.1463/02.14.003/2018-19 dated January 8, 2019on “Tokenisation – Card transaction...
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RBI |
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Investments in Alternative Investment Funds (AIFs) - RBI
Posted Date : 19-Dec-2023 , 08:15:51 pm | Posted By: CASANSAAR
RBI/2023-24/90
DOR.STR.REC.58/21.04.048/2023-24
December 19, 2023
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ Central Co-operative Banks
All All-India Financial Institutions
All Non-Banking Financial Companies (including Housing Finance Companies)
Investments in Alternative Investment Funds (AIFs)
Regulated entities (REs) make investments in units of AIFs as part...
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RBI |
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Formation of new district Mauganj in the State of Madhya Pradesh
Posted Date : 19-Dec-2023 , 11:22:50 am | Posted By: CASANSAAR
RBI/2023-24/89
FIDD.CO.LBS.BC. No.12/02.08.001/2023-24
December 18, 2023
The Chairman / Managing Director & Chief Executive Officer
Lead Banks Concerned
Madam / Dear Sir,
Formation of new district Mauganj in the State of Madhya Pradesh –
Assignment of Lead Bank Responsibility
The Government of Madhya Pradesh has notified formation of a new district, viz., Mauganj in the state of Madhya Pradesh vide Gazette Notification No. F-Rev-6-0006-2023-VII-Sec-7 dated August 13, ...
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Category :
RBI |
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Processing of e-mandates for recurring transactions - RBI
Posted Date : 13-Dec-2023 , 08:54:46 am | Posted By: CASANSAAR
RBI/2023-2024/88
CO.DPSS.POLC.No.S-882/02.14.003/2023-24
December 12, 2023
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 Si...
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RBI |
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Sovereign Gold Bond (SGB) Scheme 2023-24
Posted Date : 13-Dec-2023 , 08:53:46 am | Posted By: CASANSAAR
RBI/2023-2024/87
IDMD.CDD.No.2128/14.04.050/2023-24
December 11, 2023
Scheduled Commercial Banks (as per the list attached),
Designated Post Offices (as per the list attached)
Stock Holding Corporation of India Ltd.
National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd.
Clearing Corporation of India Ltd.
Madam/Dear Sir,
Sovereign Gold Bond (SGB) Scheme 2023-24
Government of India, vide itsNotification No F.No.4(6)-B (W&M)/2023 dated December 08, 2023, has announ...
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Category :
RBI |
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Regulatory measures towards consumer credit and bank credit to NBFCs
Posted Date : 17-Nov-2023 , 07:48:33 am | Posted By: CASANSAAR
RBI/2023-24/85
DOR.STR.REC.57/21.06.001/2023-24
November 16, 2023
Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
Non-Banking Financial Companies (including HFCs)
Madam/Dear Sir,
Regulatory measures towards consumer credit and bank credit to NBFCs
Please refer toGovernor’s Statement dated October 6, 2023flagging the high growth in certain components of consumer credit and advising banks and non-banking financial companies (NBFCs)...
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RBI |
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Posted Date : 09-Nov-2023 , 09:05:02 am | Posted By: CASANSAAR
RBI/2023-24/81
FMRD.FMID.No. 04/14.01.006/2023-24
November 08, 2023
To
All participants in Government Securities market
Madam/Sir,
‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds
A reference is invited to thePress Release on ‘Issuance Calendar for Marketable Dated Securities for October 2023 - March 2024’ dated September 26, 2023, issued by the Reserve Bank, notifying, inter al...
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Category :
RBI |
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RBI Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices
Posted Date : 08-Nov-2023 , 05:36:41 pm | Posted By: CASANSAAR
RBI/2023-24/107
DoS.CO.CSITEG/SEC.7/31.01.015/2023-24
November 7, 2023
The Chairman/Managing Director/Chief Executive Officer
Scheduled Commercial Banks (excluding Regional Rural Banks);
Small Finance Banks; Payments Banks;
Non-Banking Financial Companies;
Credit Information Companies; and
All India Financial Institutions (EXIM Bank, NABARD, NaBFID, NHB and SIDBI)
Madam/Dear Sir,
Master Direction on Information Technology Governance, Risk, Controls and Assurance Practices
Pl...
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Category :
RBI |
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Regulation of Payment Aggregator
Posted Date : 01-Nov-2023 , 07:42:43 am | Posted By: CASANSAAR
RBI/2023-24/80
CO.DPSS.POLC.No.S-786/02-14-008/2023-24
October 31, 2023
All Payment System Providers and Payment System Participants
Madam / Dear Sir,
Regulation of Payment Aggregator – Cross Border (PA - Cross Border)
A reference is invited to the Reserve Bank of India (RBI) circulars on –
‘Guidelines on Regulation of Payment Aggregators and Payment Gateways’ – (a)DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020and (b)CO.DPSS. POLC...
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RBI |
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Banking Regulation (Amendment) Act 2020 - Change in Name of Co-operative Banks
Posted Date : 31-Oct-2023 , 06:56:34 am | Posted By: CASANSAAR
RBI/2023-24/79
DoR.REG/LIC.No.55/07.01.000/2023-24
October 30, 2023
Chairman / Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks
All State Co-operative Banks and
All District Central Co-operative Banks
Madam / Dear Sir
Banking Regulation (Amendment) Act 2020 - Change in Name of Co-operative Banks
Pursuant to the notification of the Banking Regulation (Amendment) Act (No. 39 of 2020), Sections 49B and 49C of Banking Regulation Act, 1949 (‘...
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RBI |
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Guidelines on Closure of Branches and Extension Counters by DCCBs - RBI
Posted Date : 31-Oct-2023 , 06:55:20 am | Posted By: CASANSAAR
RBI/2023-24/78
DoR.REG/LIC.No.54/19.51.052/2023-24
October 30, 2023
Madam / Sir
Clarification regarding Shifting of Branches/Offices/Extension Counters within the same city, town or village by District Central Co-operative Banks (DCCBs) and Guidelines on Closure of Branches and Extension Counters by DCCBs
Pursuant to the amendment to the Banking Regulation Act (No.39 of 2020) dated September 29, 2020, District Central Co-operative Banks (DCCBs) are permitted to open new place of bus...
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RBI |
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Joining the Account Aggregator Ecosystem as Financial Information User
Posted Date : 27-Oct-2023 , 11:39:31 am | Posted By: CASANSAAR
RBI/2023-24/77
DoR.FIN.REC.53/03.10.123/2023-24 October 26, 2023
All Regulated Entities of the Bank
Dear Sir/ Madam,
Joining the Account Aggregator Ecosystem as Financial Information User
Please refer to theMaster Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016.
2. It has been observed that certain entities, which are eligible to join Account Aggregator (AA) ecosystem as Financial Information Provider ...
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Category :
RBI |
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Review of Financial Information Provider (FIP) under Account Aggregator Framework
Posted Date : 27-Oct-2023 , 11:35:07 am | Posted By: CASANSAAR
RBI/2023-24/76
DoR.FIN.REC.52/03.10.123/2023-24 October 26, 2023
All Regulated Entities of the Bank
Madam/ Dear Sir,
Review of Financial Information Provider (FIP) under Account Aggregator Framework
Please refer to the paragraph 3(1)(xi) ofMaster Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016defining the term ‘Financial Information Provider’.
2. As per National Pension System (NPS) architect...
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Category :
RBI |
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Strengthening of customer service rendered by Credit Information Companies and Credit Institutions
Posted Date : 27-Oct-2023 , 11:30:28 am | Posted By: CASANSAAR
RBI/2023-24/73
DoR.FIN.REC.49/20.16.003/2023-24 October 26, 2023
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 Non-Banking Financial Companies (including Housing Finance Companies)
All-India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID)
All Asset Reconstructions Compan...
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RBI |
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