Master Direction on Penal Provisions in reporting of transactions / balances at Currency Chests
Posted Date : 04-Apr-2024 , 04:29:16 pm | Posted By: CASANSAAR
RBI/DCM/2024-25/114
DCM (CC) No.G-2/03.35.01/2024-25
April 01, 2024
The Chairman / Managing Director / Chief Executive Officer
(All banks having Currency Chests)
Madam / Dear Sir,
Master Direction on Penal Provisions in reporting of transactions / balances at Currency Chests
In terms of the Preamble to and Section 45 of the Reserve Bank of India Act, 1934 (RBI Act) and Section 35A of the Banking Regulation Act, 1949, Reserve Bank of India issues guidelines / instructions for rea...
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RBI |
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Master Circular - Guarantees, Co-Acceptances & Letters of Credit - UCBs
Posted Date : 04-Apr-2024 , 04:27:01 pm | Posted By: CASANSAAR
RBI/2024-25/04
DoR.STR.REC.3/09.27.000/2024-25
April 01, 2024
The Managing Director/ Chief Executive Officers
All Primary (Urban) Co-operative Banks
Dear Sir/ Madam,
Master Circular - Guarantees, Co-Acceptances & Letters of Credit - UCBs
Please refer to ourMaster Circular DoR.STR.REC.4/09.27.000/2023-24 dated April 1, 2023on the captioned subject (available at RBI websitehttps://rbi.org.in/). Attached is the revisedMaster Circular, updated to reflect all instructions issued ...
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RBI |
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Master Direction on Framework of incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests
Posted Date : 04-Apr-2024 , 04:24:29 pm | Posted By: CASANSAAR
RBI/DCM/2024-25/113
DCM (CC) No.G-3/03.41.01/2024-25
April 1, 2024
The Chairman / Managing Director / Chief Executive Officer
All banks
Madam / Dear Sir,
Master Direction on Framework of incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests
In terms of the Preamble to and Section 45 of the Reserve Bank of India Act, 1934 (RBI Act) and Section 35A of the Banking Regulation Act, 1949, Reserve Bank of India issues guidelines / instru...
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RBI |
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Master Direction – Scheme of Penalties for bank branches and Currency Chests for deficiency in rendering customer service to the members of public
Posted Date : 04-Apr-2024 , 04:22:31 pm | Posted By: CASANSAAR
RBI/DCM/2024-25/112
DCM (CC) No.G-1/03.44.01/2024-25
April 01, 2024
The Chairman / Managing Director / Chief Executive Officer
All banks
Madam / Dear Sir,
Master Direction – Scheme of Penalties for bank branches and Currency Chests for deficiency in rendering customer service to the members of public
In terms of the Preamble to and Section 45 of the Reserve Bank of India Act, 1934 (RBI Act) and Section 35A of the Banking Regulation Act, 1949, Reserve Bank of India issues g...
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RBI |
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Master Circular - Guarantees and Co-acceptances
Posted Date : 04-Apr-2024 , 04:20:42 pm | Posted By: CASANSAAR
RBI/2024-25/03
DOR.STR.REC.2/13.07.010/2024-25
April 1, 2024
All Scheduled Commercial Banks
(excluding Payments Banks and RRBs)
Dear Sir / Madam
Master Circular - Guarantees and Co-acceptances
Please refer to theMaster Circular DOR. STR. REC.5/13.07.010/2023-24 dated April 1, 2023consolidating the instructions / guidelines issued to banks till March 31, 2023, relating to Guarantees and Co-acceptances. Attached is the revisedMaster Circular, updated to reflect all instructions is...
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RBI |
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Master Circular – Lead Bank Scheme
Posted Date : 04-Apr-2024 , 04:16:56 pm | Posted By: CASANSAAR
RBI/2024-25/02
FIDD.CO.LBS.BC.No.01/02.01.001/2024-25
April 01, 2024
The Chairman/ Managing Director/ Chief Executive Officer
SLBC/ UTLBC Convenor Banks / Lead Banks
Madam/ Dear Sir,
Master Circular – Lead Bank Scheme
The Reserve Bank of India has issued a number of guidelines/ instructions on Lead Bank Scheme from time to time. ThisMaster Circularconsolidates the relevant guidelines/ instructions issued by Reserve Bank of India on Lead Bank Scheme up to March 31, 2024 as ...
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RBI |
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Master Circular on Board of Directors - UCBs
Posted Date : 04-Apr-2024 , 04:14:27 pm | Posted By: CASANSAAR
RBI/2024-25/01
DoR.HGG.GOV.No.1/18.10.010/2024-25
April 1, 2024
The Managing Director/Chief Executive Officer
All Primary (Urban) Co-operative Banks
Dear Sir/Madam,
Master Circular on Board of Directors - UCBs
Please refer to ourMaster Circular DCBR.BPD (PCB/RCB) Cir.No.2/14.01.062/2015-16 dated July 1, 2015on the captioned subject (available at RBI websitewww.rbi.org.in). The enclosedMaster Circularconsolidates and updates all the instructions / guidelines on the subject issued...
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RBI |
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Currency Chests (CCs) operations on March 31, 2024
Posted Date : 27-Mar-2024 , 08:14:07 pm | Posted By: CASANSAAR
RBI/2023-24/142
DCM (CC) No. S3425/03.41.01/2024-25
March 27, 2024
All Currency Chest holding banks
Madam / Dear Sir
Currency Chests (CCs) operations on March 31, 2024
The Government of India has advised to keep all branches of the banks dealing with Government receipts and payments to be kept open for transactions on Sunday, March 31, 2024 so as to account for the Government transactions relating to receipts and payments in FY 2023-24 itself. Since such transactions might necess...
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RBI |
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Special Clearing Operations on March 30 & 31, 2024
Posted Date : 27-Mar-2024 , 08:12:13 pm | Posted By: CASANSAAR
RBI/2023-24/141
CO.DPSS.RPPD.No.S1193/03-01-002/2023-2024
March 27, 2024
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 30 & 31, 2024
A reference is invite...
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RBI |
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Investments in Alternative Investment Funds (AIFs)
Posted Date : 27-Mar-2024 , 08:09:38 pm | Posted By: CASANSAAR
RBI/2023-24/140
DOR.STR.REC.85/21.04.048/2023-24
March 27, 2024
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)
Please refer to thecircular DOR.STR.REC.58/21.04.048/2023-24 dated Dec...
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RBI |
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Reassignment of Lead Bank Responsibility - RBI
Posted Date : 23-Mar-2024 , 08:56:43 am | Posted By: CASANSAAR
The Chairman / Managing Director & Chief Executive Officer
Lead Banks Concerned
Madam/ Dear Sir,
Reassignment of Lead Bank Responsibility
On a review, it has been decided to reassign the lead bank responsibility in the certain districts as specified below:
Sr. No
District
District Working Code
State
Erstwhile Lead Bank
Lead Bank Responsibility assigned to
1
Ernakulum
970
Kerala
Union Bank of India
State Bank of Indi...
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RBI |
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Annual Closing of Government Accounts – Transactions of Central / State Governments
Posted Date : 23-Mar-2024 , 08:55:46 am | Posted By: CASANSAAR
All Agency Banks
Madam/Dear Sir,
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2023-24)
All Government transactions done by agency banks for the Financial Year 2023-24 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Government transactions for March 31, 2024.
2. All Agency banks should keep their ...
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RBI |
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All Agency Banks to remain open for public on March 31, 2024 (Sunday)
Posted Date : 21-Mar-2024 , 07:32:22 am | Posted By: CASANSAAR
RBI/2023-24/137
DOR.SOG (LEG).REC/84/09.08.024/2023-24
March 20, 2024
All Agency Banks
Madam / Dear Sir
All Agency Banks to remain open for public on March 31, 2024 (Sunday)
The Government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2024 (Sunday) so as to account for all the Government transactions relating to receipts and payments in the FY 2023-24 itself. Accordingly, Agency Banks...
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RBI |
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Cut-off time for uploading of GST, ICEGATE and TIN 2.0 luggage files - RBI
Posted Date : 15-Mar-2024 , 08:25:13 am | Posted By: CASANSAAR
All Agency banks
Madam / Dear Sir,
Cut-off time for uploading of GST, ICEGATE and TIN 2.0 luggage files
Please refer to para 10 on ‘Reporting of transactions by agency banks to RBI’ of ‘Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission’ dated April 1, 2023.
2. It has been noticed that several agency banks have been requesting RBI for extension of time for uploading of luggage files pertaining to GST, ICEGATE and T...
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RBI |
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Reporting and Accounting of Central Government transactions for March 2024 - RBI
Posted Date : 15-Mar-2024 , 08:24:16 am | Posted By: CASANSAAR
All Agency Banks
Madam/Dear Sir,
Reporting and Accounting of Central Government transactions for March 2024
Please refer toCircular DGBA.GBD.No.S1469/42-01-029/2022-2023 dated March 16, 2023advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal Point branches of your bank for the Financial Year 2022-23.
2. The Government of India has...
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Designation of an individual under clause (a) of Sub-section (1) and Sub-section (2) of Section 35 of the Unlawful Activities (Prevention) Act (UAPA), 1967 and listing in the Fourth Schedule of the Act- Reg.
Posted Date : 09-Mar-2024 , 11:06:46 am | Posted By: CASANSAAR
RBI/2023-24/133
DOR.AML.REC.82/14.06.001/2023-24
March 08, 2024
The Chairpersons / CEOs of all the Regulated Entities
Madam / Dear Sir,
Designation of an individual under clause (a) of Sub-section (1) and Sub-section (2) of Section 35 of the Unlawful Activities (Prevention) Act (UAPA), 1967 and listing in the Fourth Schedule 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 January 04, 2...
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RBI |
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Amendment to the Master Direction - Credit Card and Debit Card – Issuance and Conduct Directions, 2022
Posted Date : 08-Mar-2024 , 10:25:30 am | Posted By: CASANSAAR
The Chairperson / Managing Director / Chief Executive Officer
Banks and Non-Banking Financial Companies
Madam / Sir,
Amendment to the Master Direction - Credit Card and Debit Card – Issuance and Conduct Directions, 2022
In exercise of the powers conferred by Section 35A 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 to do so, hereby, am...
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RBI |
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Circular under section 119 of the Income-tax Act, 1961 - CBDT
Posted Date : 07-Mar-2024 , 08:34:36 am | Posted By: CASANSAAR
Income of any fund or institution or trust or any university or other educational institution or any hospital or other medical institution referred to in sub-clause (iv) or subclause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10 of the Incometax Act, 1961 (the Act) (hereinafter referred to as the first regime) or any trust or institution registered u/s 12AA or 12AB of the Act (hereinafter referred to as the second regime) is exempt, subject to the fulfilment of certain...
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CBDT |
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Arrangements with Card Networks for issue of Credit Cards - rbi
Posted Date : 06-Mar-2024 , 09:06:21 am | Posted By: CASANSAAR
The Chairman / Managing Director / Chief Executive Officer
Authorised Payment System Providers / Participants (Banks and Non-banks)
Madam / Dear Sir,
Arrangements with Card Networks for issue of Credit Cards
The authorised card networks tie-up with banks / non-banks for issuance of credit cards. The choice of network for a card issued to a customer is decided by the card issuer (bank / non-bank) and is linked to the arrangements that the card issuers have with card networks in terms of...
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RBI |
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Money Transfer Service Scheme - Submission of Statement on CIMS
Posted Date : 06-Mar-2024 , 09:05:21 am | Posted By: CASANSAAR
To
All Authorised Persons, who are Indian Agents under Money Transfer Service Scheme
Madam / Sir,
Money Transfer Service Scheme - Submission of Statement on CIMS
Please refer to theA.P. (DIR Series) Circular No.70 dated May 19, 2016, wherein all Authorised Persons who are Indian Agents under the Money Transfer Service Scheme (MTSS) were required to submit a quarterly statement (within 15 days from the close of the quarter to which it relates) on the quantum of remittances recei...
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FEMA |
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RBI Review of Guidelines - Withdrawal of Circulars
Posted Date : 01-Mar-2024 , 08:50:14 pm | Posted By: CASANSAAR
RBI/2023-24/129
DoS.CO.ARG/SEC.11/08.91.001/2023-24
March 01, 2024
The Chairman / Managing Director / Chief Executive Officer,
All Commercial Banks (Excluding RRBs)
All Primary (Urban) Co-operative Banks (UCBs)
Madam / Dear Sir,
Review of Guidelines - Withdrawal of Circulars
Consequent upon review of Circulars issued by the Reserve Bank from time to time, it has been decided to withdraw Circulars listed in theAnnexwith immediate effect.
Yours faithfully,
(Rajnish Kumar)
...
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RBI |
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Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024
Posted Date : 01-Mar-2024 , 08:45:13 am | Posted By: CASANSAAR
RBI/DPSS/2023-24/111
CO.DPSS.POLC.No.S1114/02-27-020/2023-2024
February 29, 2024
The Chairman / Managing Director / Chief Executive
All Scheduled Commercial Banks including RRBs /
Urban Cooperative Banks / State Cooperative Banks / District Central Cooperative Banks /
NPCI Bharat BillPay Limited / Non-bank Payment System Participants
Dear Sir / Madam,
Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024
The current regulations covering B...
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RBI |
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Capital Adequacy Guidelines – Review of Trading Book
Posted Date : 28-Feb-2024 , 07:57:55 pm | Posted By: CASANSAAR
RBI/2023-24/128
DOR.MRG.REC.80/00-00-003/2022-23
February 28, 2024
All Commercial Banks
(excluding Regional Rural Banks)
Dear Sir / Madam,
Capital Adequacy Guidelines – Review of Trading Book
Please refer toMaster Circular – Basel III Capital Regulations dated May 12, 2023, andMaster Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021 dated October 26, 2021(hereinafter together referred to as ‘capital adequacy guidelin...
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RBI |
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Appointment/re-appointment of Director, Managing Director or Chief Executive Officer in Asset Reconstruction Companies
Posted Date : 28-Feb-2024 , 12:20:34 pm | Posted By: CASANSAAR
RBI/2023-24/127
DOR.GOV.REC.79/18.10.006/2023-24
February 27, 2024
All Asset Reconstruction Companies
Dear Sir / Madam
Appointment/re-appointment of Director, Managing Director or Chief Executive Officer in Asset Reconstruction Companies
In terms of Section 3(6) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the guidelines contained in Para 5(i) of the Annex to ourcircular No. DoR.SIG.FIN.REC.75/26.03.001/2022-23 da...
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RBI |
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Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions - 2024
Posted Date : 28-Feb-2024 , 12:16:39 pm | Posted By: CASANSAAR
RBI/DoS.DSG/2023-24/110
DoS.DSG.No.10/33.01.001/2023-24
February 27, 2024
All Commercial Banks excluding Regional Rural Banks
All Primary (Urban) Cooperative Banks
Select All India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NABFID)
All Non-Banking Financial Companies (excluding Housing Finance Companies) and All Asset Reconstruction Companies
Madam/ Dear Sir,
Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions - 2024
Please ...
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RBI |
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Inclusion of Clearing Corporation of India Limited as a Financial Information Provider under Account Aggregator Framework
Posted Date : 23-Feb-2024 , 11:23:22 am | Posted By: CASANSAAR
RBI/2023-24/125
DoR.FIN.REC.77/03.10.123/2023-24
February 22, 2024
All Regulated Entities of the Bank
Madam/ Dear Sir,
Inclusion of Clearing Corporation of India Limited as a Financial Information Provider under Account Aggregator Framework
Please refer to theMaster Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016.
2. TheRBI Retail Direct Scheme (‘Scheme’)was launched on November 12, 2021 to facilitate retail inve...
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RBI |
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Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility
Posted Date : 21-Feb-2024 , 11:32:18 am | Posted By: CASANSAAR
RBI/2023-24/123
FIDD.CO.LBS.BC.No.15/02.08.001/2023-24
February 20, 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., Hojai in the state of Assam vide Gazette Notification ECF.No.367433/28 dated September 07, 2023. Accordingly, it has been decided to designa...
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RBI |
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Exclusion of “Rupee Co-operative Bank Limited” from the Second Schedule to the Reserve Bank of India Act, 1934
Posted Date : 16-Feb-2024 , 11:21:10 am | Posted By: CASANSAAR
RBI/2023-24/122
DOR.RET.REC.76/12.07.160/2023-24
February 15, 2024
All Banks
Madam / Dear Sir,
Exclusion of “Rupee Co-operative Bank Limited” from the Second Schedule to the Reserve Bank of India Act, 1934
It is advised that “Rupee Co-operative Bank Limited” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.REG/LIC.No.S4847/07.12.000/2023-24 dated November 29, 2023, which is published in the Gazette of ...
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RBI |
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Review of Fixed Remuneration granted to Non-Executive Directors (NEDs)
Posted Date : 10-Feb-2024 , 09:34:46 am | Posted By: CASANSAAR
RBI/2023-24/121
DoR.HGG.GOV.REC.75/29.67.001/2023-24
February 9, 2024
Dear Sir/ Madam
Review of Fixed Remuneration granted to Non-Executive Directors (NEDs)
Please refer to paragraph 9 of circular dated April 26, 2021 (Corporate Governance in Banks - Appointment of Directors and Constitution of Committees of the Board) as per which ceiling of ?20 lakh per annum was specified in respect of remuneration of Non-Executive Directors (NEDs), other than the Chair of the Board.
2. Consid...
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RBI |
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Participation of Indian Banks on India International Bullion Exchange IFSC Limited (IIBX)
Posted Date : 10-Feb-2024 , 09:33:53 am | Posted By: CASANSAAR
RBI/2023-24/120
DoR.AUT.REC.74/24.01.041/2023-24
February 09, 2024
All Scheduled Commercial Banks
Madam/Dear Sir,
Participation of Indian Banks on India International Bullion Exchange IFSC Limited (IIBX)
Please refer to the circularBranches of Indian Banks operating in GIFT-IFSC – acting as Professional Clearing Member (PCM) of India International Bullion Exchange IFSC Limited (IIBX) dated June 07, 2022. On review, it has been decided to additionally allow:
a) Branch/sub...
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RBI |
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