Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments in 85 Entries
Posted Date : 09-Feb-2024 , 11:18:02 am | Posted By: CASANSAAR
RBI/2023-24/119
DOR.AML.REC.73/14.06.001/2023-24
February 08, 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 85 Entries
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) shal...
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RBI |
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MCA Establishes Central Processing Centre at Manesar for E-Forms
Posted Date : 05-Feb-2024 , 08:43:20 am | Posted By: CASANSAAR
S.O. 446(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 396 of the Companies Act, 2013 (18 of 2013), the Central Government hereby establishes a Central Processing Centre at Indian Institute of Corporate Affairs, Plot No. 6,7,8, Sector 5, IMT Manesar, District Gurgaon (Haryana), Pin Code- 122050 having territorial jurisdiction all over India, for the purpose of the provisions of the said section....
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Corporate Laws |
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Streamlining of Internal Compliance monitoring function – leveraging use of technology
Posted Date : 31-Jan-2024 , 08:52:41 pm | Posted By: CASANSAAR
RBI/2023-24/117
DoS.CO.CSITEG.SEC.No.9/31-01-015/2023-24
January 31, 2024
The Chairman/Managing Director/Chief Executive Officer
Scheduled Commercial Banks (excluding Regional Rural Banks);
Small Finance Banks; Payments Banks;
Primary (Urban) Co-operative Banks (Tier III and IV);
Upper- and Middle-Layer Non-Banking Financial Companies
(including Housing Finance Companies);
Credit Information Companies and
All India Financial Institutions (EXIM Bank, NABARD, NaBFID, NHB and SIDB...
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RBI |
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Second Schedule to the Reserve Bank of India Act, 1934 – Norms for inclusion
Posted Date : 17-Jan-2024 , 09:35:40 pm | Posted By: CASANSAAR
RBI/2023-24/115
DoR.REG/LIC.No.72/16.05.000/2023-24
January 17, 2024
Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Second Schedule to the Reserve Bank of India Act, 1934 – Norms for inclusion
Please refer to ourcircular UBD.CO.BPD(PCB).No.20/16.05.000/2013-14 dated September 27, 2013on the captioned subject.
2. Subsequent to release of theRevised Regulatory Framework for Urban Co-operative Banks (UCBs) on July 19, 2...
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RBI |
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Master Circular- Exposure Norms and Statutory / Other Restrictions - UCBs
Posted Date : 16-Jan-2024 , 10:02:06 pm | Posted By: CASANSAAR
RBI/2023-24/114
DoR.CRE.REC.71/07.10.002/2023-24
January 16, 2024
The Chief Executive Officers
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Master Circular- Exposure Norms and Statutory / Other Restrictions - UCBs
Please refer toRBI Master Circular DCBR.CO.BPD. (PCB) MC No.13/13.05.000/2015-16 dated July 1, 2015on the captioned subject (available at RBI websitewww.rbi.org.in). The updatedMaster Circularconsolidates all the instructions / guidelines on the subject i...
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RBI |
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Guidelines on Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks
Posted Date : 15-Jan-2024 , 09:49:50 pm | Posted By: CASANSAAR
RBI/2023-24/113
Ref.No.DOS.ARG/SEC.8/08.91.001/2023-24
January 15, 2024
The Chairman / Managing Director / Chief Executive Officer,
All State Co-operative Banks (StCBs)
All Central Co-operative Banks (CCBs)
Madam / Dear Sir,
Guidelines on Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks
The Banking Regulation (Amendment) Act, 2020 (No. 39 of 2020), notified in the Gazette of India on September 29, 2020 (vide Notificat...
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RBI |
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Credit/Investment Concentration Norms – Credit Risk Transfer
Posted Date : 15-Jan-2024 , 09:49:01 pm | Posted By: CASANSAAR
RBI/2023-24/112
DOR.CRE.REC.70/21.01.003/2023-24
January 15, 2024
All Non-Banking Financial Companies including Housing Finance Companies
Madam/ Dear Sir,
Credit/Investment Concentration Norms – Credit Risk Transfer
Please refer to the following instructions, as amended from time to time: (i) paragraphs 32, 91 and 110.4.2 ofMaster Direction - Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023 dated October 19, 2023(“M...
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RBI |
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Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments in 14 Entries
Posted Date : 11-Jan-2024 , 07:43:33 pm | Posted By: CASANSAAR
RBI / 2023-24 / 111
DOR. AML.REC.69/14.06.001/2023-24
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 14 Entries
Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on January 04 , 2024 (MD on KYC), in terms of which “Regulated Entities (REs) shall ensure th...
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RBI |
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Implementation of Section 51A of UAPA, 1967 Updates to UNSC’s 1267 / 1989 ISIL (Da'esh) & Al-Qaida Sanctions List Amendments in 07 Entries
Posted Date : 08-Jan-2024 , 11:01:13 am | Posted By: CASANSAAR
RBI/2023-24/110
DOR.AML.REC.68/14.06.001/2023-24
January 06, 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 07 Entries
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 (RE...
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RBI |
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Implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Designated List (Amendments)
Posted Date : 08-Jan-2024 , 10:58:08 am | Posted By: CASANSAAR
RBI/2023-24/109
DOR.AML.REC.67/14.06.001/2023-24
January 06, 2024
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Designated List (Amendments)
Please refer to Section 52 of ourMaster Direction on Know Your Customer dated February 25, 2016as amended on January 04, 2024 (MD on KYC), in terms of which, inter alia &ldqu...
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RBI |
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Risk Management and Inter-Bank Dealings – Hedging of foreign exchange risk
Posted Date : 06-Jan-2024 , 11:05:17 am | Posted By: CASANSAAR
RBI/2023-24/108
A. P. (DIR Series) Circular No. 13
January 5, 2024
Authorised Persons
Madam / Sir,
Risk Management and Inter-Bank Dealings – Hedging of foreign exchange risk
Please refer to paragraph 1 of theStatement on Developmental and Regulatory Policies, issued as a part of theBi-monthly Monetary Policy Statement for 2023-24 dated December 08, 2023on review of the regulatory framework for hedging of foreign exchange risks. Attention of Authorised Persons is invited to ...
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RBI |
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Amendment to the Master Direction (MD) on KYC - RBI
Posted Date : 05-Jan-2024 , 08:40:18 am | Posted By: CASANSAAR
RBI/2023-24/107
DOR.AML.REC.66/14.01.001/2023-24
January 04, 2024
The Chairpersons/ CEOs of all the Regulated Entities
Dear Sir/Madam,
Amendment to the Master Direction (MD) on KYC
Please refer to theMaster Direction (MD) on KYC dated February 25, 2016, as amended from time to time, in terms of which Regulated Entities (REs) have to undertake Customer Due Diligence (CDD), as per the process laid out therein, for their customers.
2. In the extant Direction, the definition of Po...
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RBI |
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Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity upto one year) Directions, 2024
Posted Date : 04-Jan-2024 , 11:23:44 am | Posted By: CASANSAAR
RBI/FMRD/2023-24/109
FMRD.DIRD.09/14.02.001/2023-24
January 03, 2024
To
All Eligible Market Participants
Madam/Sir
Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity upto one year) Directions, 2024
Please refer to paragraph 6 of theStatement on Developmental and Regulatory Policies, announced as a part of thesecond Bi-monthly Monetary Policy Statement for 2019-20 dated June 06, 2019regarding Comprehen...
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RBI |
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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
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 – Net Stable Funding Ratio (NSFR) – Review of National Development Banks
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 – Extension of Scheme and Enhancements
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 ‘A’ Return
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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RBI |
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Trade Credit for imports into India – Submission of return on issuance of bank guarantees for Trade Credits on the Centralised Information Management System (CIMS)
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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RBI |
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Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023
Posted Date : 23-Dec-2023 , 12:25:45 pm | Posted By: CASANSAAR
RESERVE BANK OF INDIA
(FOREIGN EXCHANGE DEPARTMENT)
CENTRAL OFFICE
MUMBAI 400 001
No. FEMA 14(R)/2023-RB
December 21, 2023
Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023
In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in supersession ofNotification No. FEMA 14(R)/2016-RB dated May 02, 2016, except as respects things done or omitted to be done before such supersession, the Reserve Bank ma...
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Category :
FEMA |
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