Regulating Commercial Banking

Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement

RBI/2019-20/192 DOR.No.Ret.BC.51/12.01.001/2019-20 March 27, 2020 All Scheduled Banks Dear Sir/Madam Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to our Circular DBR.No.Ret.BC.91/12.01.001/2015-16 dated April 05, 2016 on the captioned subject. 2. As announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020, it has been decided to reduce the minimum daily ma

RBI/2019-20/192 DOR.No.Ret.BC.51/12.01.001/2019-20 March 27, 2020 All Scheduled Banks Dear Sir/Madam Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to our Circular DBR.No.Ret.BC.91/12.01.001/2015-16 dated April 05, 2016 on the captioned subject. 2. As announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020, it has been decided to reduce the minimum daily ma

Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement

Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR) - Marginal Standing Facility (MSF)

RBI/2019-20/189 DOR.No.Ret.BC.52/12.01.001/2019-20 March 27, 2020 All Scheduled Banks (excluding Regional Rural Banks) Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) Please refer to our Circular DBOD.No.Ret.BC.95/12.02.001/2011-12 dated April 17, 2012, Circular UBD.BPD.(SCB).Cir.No.1/16.27.000/2014-15 dated October 29, 2014 and DCBR.BPD.(PCB/RCB).Cir.No.3/16.27.000/201

RBI/2019-20/189 DOR.No.Ret.BC.52/12.01.001/2019-20 March 27, 2020 All Scheduled Banks (excluding Regional Rural Banks) Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) Please refer to our Circular DBOD.No.Ret.BC.95/12.02.001/2011-12 dated April 17, 2012, Circular UBD.BPD.(SCB).Cir.No.1/16.27.000/2014-15 dated October 29, 2014 and DCBR.BPD.(PCB/RCB).Cir.No.3/16.27.000/201

Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR) - Marginal Standing Facility (MSF)

Standing Liquidity Facility for Primary Dealers

RBI/2019-20/184 REF.No.MPD.BC.390/07.01.279/2019-20 March 27, 2020 All Primary Dealers, Standing Liquidity Facility for Primary Dealers In the Seventh Bi-monthly Monetary Policy Statement 2019-20 of the Monetary Policy Committee (MPC) of March 27, 2020, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 75 basis points to 4.40 per cent from 5.15 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided

RBI/2019-20/184 REF.No.MPD.BC.390/07.01.279/2019-20 March 27, 2020 All Primary Dealers, Standing Liquidity Facility for Primary Dealers In the Seventh Bi-monthly Monetary Policy Statement 2019-20 of the Monetary Policy Committee (MPC) of March 27, 2020, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 75 basis points to 4.40 per cent from 5.15 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided

Standing Liquidity Facility for Primary Dealers

Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks - Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR)

RBI/2019-20/175DOR.BP.BC.No.42/21.04.141/2019-20 March 17, 2020 All Scheduled Commercial Banks Dear Sir/Madam, Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR) Please refer to our circular DBR.No.BP.BC.102/21.04.048/2017-18 dated April 2, 2018 on the captioned subject. 2. Some banks have enquired whether IFR, forming part of General Provisions an

RBI/2019-20/175DOR.BP.BC.No.42/21.04.141/2019-20 March 17, 2020 All Scheduled Commercial Banks Dear Sir/Madam, Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR) Please refer to our circular DBR.No.BP.BC.102/21.04.048/2017-18 dated April 2, 2018 on the captioned subject. 2. Some banks have enquired whether IFR, forming part of General Provisions an

Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks - Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR)

COVID-19- Operational and Business Continuity Measures

RBI/2019-20/172 DoS.CO.PPG.BC.01/11.01.005/2019-20 March 16, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payment Banks/All UCBs/NBFCs Madam / Dear Sir, COVID-19- Operational and Business Continuity Measures As you are aware, the World Health Organization (WHO) has declared the recent outbreak of the novel coronavirus disease (COVID-19) a pandemic in

RBI/2019-20/172 DoS.CO.PPG.BC.01/11.01.005/2019-20 March 16, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payment Banks/All UCBs/NBFCs Madam / Dear Sir, COVID-19- Operational and Business Continuity Measures As you are aware, the World Health Organization (WHO) has declared the recent outbreak of the novel coronavirus disease (COVID-19) a pandemic in

COVID-19- Operational and Business Continuity Measures

Implementation of Section 51A of UAPA, 1967 - Addition of three entities to 1267 List

RBI/2019-20/169 DOR.AML.BC.No.40/14.06.001/2019-20 March 06, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 - Addition of three entities to 1267 List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in terms of Section 51A of the Unlawful Activities (Preventi

RBI/2019-20/169 DOR.AML.BC.No.40/14.06.001/2019-20 March 06, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 - Addition of three entities to 1267 List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in terms of Section 51A of the Unlawful Activities (Preventi

Implementation of Section 51A of UAPA, 1967 - Addition of three entities to 1267 List

Investment in Certificates of Deposit (CDs) - Reporting in Form ‘A’ Return

RBI/2019-20/165 DOR.No.Ret.BC.38/12.01.001/2019-20 February 26, 2020 All Scheduled Commercial Banks (including Regional Rural Banks), Small Finance Banks, Payments Banks & Local Area Banks. Dear Sir / Madam Investment in Certificates of Deposit (CDs) - Reporting in Form ‘A’ Return Please refer to our circular DBOD.Ret.No.8232/12.01.001/2005-06 dated March 23, 2006 on “Investment in Certificates of Deposit (CDs)” whereby banks were advised about the reporting of tr

RBI/2019-20/165 DOR.No.Ret.BC.38/12.01.001/2019-20 February 26, 2020 All Scheduled Commercial Banks (including Regional Rural Banks), Small Finance Banks, Payments Banks & Local Area Banks. Dear Sir / Madam Investment in Certificates of Deposit (CDs) - Reporting in Form ‘A’ Return Please refer to our circular DBOD.Ret.No.8232/12.01.001/2005-06 dated March 23, 2006 on “Investment in Certificates of Deposit (CDs)” whereby banks were advised about the reporting of tr

Investment in Certificates of Deposit (CDs) - Reporting in Form ‘A’ Return

Incentivising Bank Credit to Specific Sectors - Exemption from CRR Maintenance

RBI/2019-20/159 DOR.No.Ret.BC.30/12.01.001/2019-20 February 10, 2020 All Scheduled Commercial Banks Dear Sir / Madam Incentivising Bank Credit to Specific Sectors – Exemption from CRR Maintenance It has been announced in paragraph 3 of the Statement on Developmental and Regulatory Policies of February 6, 2020, that the Reserve Bank is actively engaged in revitalising the flow of bank credit to productive sectors having multiplier effects to support growth impulses. Ac

RBI/2019-20/159 DOR.No.Ret.BC.30/12.01.001/2019-20 February 10, 2020 All Scheduled Commercial Banks Dear Sir / Madam Incentivising Bank Credit to Specific Sectors – Exemption from CRR Maintenance It has been announced in paragraph 3 of the Statement on Developmental and Regulatory Policies of February 6, 2020, that the Reserve Bank is actively engaged in revitalising the flow of bank credit to productive sectors having multiplier effects to support growth impulses. Ac

Incentivising Bank Credit to Specific Sectors - Exemption from CRR Maintenance

Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation

RBI/2019-20/158 DOR.No.BP.BC.33/21.04.048/2019-20 February 07, 2020 The Chairman / Chief Executive OfficerAll Scheduled Commercial Banks (excluding RRBs)All Small Finance Banks Madam/Dear Sir, Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation Please refer to the circular DBR.No.BP.BC.84/21.04.048/2014-15 dated April 6, 2015 on the subject. It has been decided to harmonise the guidelines

RBI/2019-20/158 DOR.No.BP.BC.33/21.04.048/2019-20 February 07, 2020 The Chairman / Chief Executive OfficerAll Scheduled Commercial Banks (excluding RRBs)All Small Finance Banks Madam/Dear Sir, Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation Please refer to the circular DBR.No.BP.BC.84/21.04.048/2014-15 dated April 6, 2015 on the subject. It has been decided to harmonise the guidelines

Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation

Implementation of Section 51A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da'esh) & Al-Qaida Sanctions List

RBI/2019-2020/157 DOR.AML.BC.No.32/14.06.001/2019-20 February 07, 2020 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da'esh) & Al-Qaida Sanctions List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in te

RBI/2019-2020/157 DOR.AML.BC.No.32/14.06.001/2019-20 February 07, 2020 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da'esh) & Al-Qaida Sanctions List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in te

Implementation of Section 51A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da'esh) & Al-Qaida Sanctions List