Regulating Commercial Banking

Distribution of Mahatma Gandhi (New) Series Banknotes - Records

RBI/2016-17/180DCM (Plg) No. 1683/10.27.00/2016-17 December 12, 2016 The Chairman / Managing Director/ Chief Executive Officer(All banks maintaining currency chests) Dear Sir, Distribution of Mahatma Gandhi (New) Series Banknotes – Records Please refer to our circular DCM (RMMT) No. G-5/11.01.01/2016-17 dated July 15, 2016 on Receipt and Remittance of Treasure. 2. In the wake of reported seizures by Income Tax Department and other law enforcement agencies of large qua

RBI/2016-17/180DCM (Plg) No. 1683/10.27.00/2016-17 December 12, 2016 The Chairman / Managing Director/ Chief Executive Officer(All banks maintaining currency chests) Dear Sir, Distribution of Mahatma Gandhi (New) Series Banknotes – Records Please refer to our circular DCM (RMMT) No. G-5/11.01.01/2016-17 dated July 15, 2016 on Receipt and Remittance of Treasure. 2. In the wake of reported seizures by Income Tax Department and other law enforcement agencies of large qua

Distribution of Mahatma Gandhi (New) Series Banknotes - Records

Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting

RBI/2016-17/179 DCM (Plg) No. 1679/10.27.00/2016-17 December 12, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional RuralBanks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting Please refer our circulars DCM (Plg) No.1264/10.27.00/2016-17 and DCM (Plg) No.1291/10.27.00/2016-17 dated November 11, 2016 and N

RBI/2016-17/179 DCM (Plg) No. 1679/10.27.00/2016-17 December 12, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional RuralBanks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting Please refer our circulars DCM (Plg) No.1264/10.27.00/2016-17 and DCM (Plg) No.1291/10.27.00/2016-17 dated November 11, 2016 and N

Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting

Amendment to Master Direction on Know Your Customer

RBI/2016-17/177 DBR.AML.BC.47/14.01.01/2016-17 December 8, 2016 All Regulated Entities Dear Sir/Madam, Amendment to Master Direction on Know Your Customer In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, it has been decided to make certain amendments to the Master Direction on Know Your Customer (KYC). The two major changes being notified are as under: It has been decided to allow One Time Pin (OTP) based e-KYC subject to cert

RBI/2016-17/177 DBR.AML.BC.47/14.01.01/2016-17 December 8, 2016 All Regulated Entities Dear Sir/Madam, Amendment to Master Direction on Know Your Customer In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, it has been decided to make certain amendments to the Master Direction on Know Your Customer (KYC). The two major changes being notified are as under: It has been decided to allow One Time Pin (OTP) based e-KYC subject to cert

Amendment to Master Direction on Know Your Customer

Amendment to Master Direction (MD) on KYC

RBI/2016-17/176 DBR.AML.BC. No. 18/14.01.001/2016-17 December 8, 2016 All Regulated Entities (REs) Dear Sir/Madam, Amendment to Master Direction (MD) on KYC In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949 and section 35A read with section 56 of that Act, Rule 9 (14) of the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 and all other laws enabling the Reserve Bank in this behalf, the Reserve Bank makes the

RBI/2016-17/176 DBR.AML.BC. No. 18/14.01.001/2016-17 December 8, 2016 All Regulated Entities (REs) Dear Sir/Madam, Amendment to Master Direction (MD) on KYC In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949 and section 35A read with section 56 of that Act, Rule 9 (14) of the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 and all other laws enabling the Reserve Bank in this behalf, the Reserve Bank makes the

Amendment to Master Direction (MD) on KYC

Reserve Bank of India Act, 1934 - Section 42(1A) Requirement for maintaining additional CRR

RBI/2016-17/159DBR.No.Ret.BC.41/12.01.001/2016-17 November 26, 2016 The Chairperson / CEOs of all Scheduled Commercial Banks/ Regional Rural Banks / All Scheduled Primary (Urban) Co-operative Banks / All Scheduled State Co-operative Banks Dear Sir, Reserve Bank of India Act, 1934 – Section 42(1A) Requirement for maintaining additional CRR Under section 42(1) of Reserve Bank of India Act, 1934, all Scheduled Banks are required to maintain with Reserve Bank of India a C

RBI/2016-17/159DBR.No.Ret.BC.41/12.01.001/2016-17 November 26, 2016 The Chairperson / CEOs of all Scheduled Commercial Banks/ Regional Rural Banks / All Scheduled Primary (Urban) Co-operative Banks / All Scheduled State Co-operative Banks Dear Sir, Reserve Bank of India Act, 1934 – Section 42(1A) Requirement for maintaining additional CRR Under section 42(1) of Reserve Bank of India Act, 1934, all Scheduled Banks are required to maintain with Reserve Bank of India a C

Reserve Bank of India Act, 1934 - Section 42(1A) Requirement for maintaining additional CRR

Fraudulent Practices

RBI/2016-17/147 DCM (Plg) No.1341/10.27.00/2016-17 November 22, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Fraudulent Practices It has been brought to our notice that at certain places, few bank branch offi

RBI/2016-17/147 DCM (Plg) No.1341/10.27.00/2016-17 November 22, 2016 The Chairman / Managing Director/Chief Executive Officer, Public Sector Banks / Private Sector Banks / Foreign Banks / Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks Dear Sir, Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Specified Bank Notes (SBNs) – Fraudulent Practices It has been brought to our notice that at certain places, few bank branch offi

Fraudulent Practices

Scheme for Sustainable Structuring of Stressed Assets - Revisions

RBI/2016-17/121 DBR.No.BP.BC.33/21.04.132/2016-17 November 10, 2016 All Scheduled Commercial Banks (Excluding RRBs), All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Non-Banking Financial Companies, including Securitisation Companies/ Reconstruction Companies Madam / Dear Sir, Scheme for Sustainable Structuring of Stressed Assets - Revisions We invite a reference to the paragraph 6 of the Statement on Developmental and Regulatory

RBI/2016-17/121 DBR.No.BP.BC.33/21.04.132/2016-17 November 10, 2016 All Scheduled Commercial Banks (Excluding RRBs), All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Non-Banking Financial Companies, including Securitisation Companies/ Reconstruction Companies Madam / Dear Sir, Scheme for Sustainable Structuring of Stressed Assets - Revisions We invite a reference to the paragraph 6 of the Statement on Developmental and Regulatory

Scheme for Sustainable Structuring of Stressed Assets - Revisions

Grant of ‘Certificate of Registration’ - For carrying on the business of credit information - Experian Credit Information Company of India Private Limited (ECICI)

RBI/2016-17/94 DBR.CID.BC.27/20.16.040/2016-17 October 20, 2016 All Credit Institutions Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of credit information – Experian Credit Information Company of India Private Limited (ECICI) Please refer to our circular DBOD.No.Dl.15214/20.16.042/2009-10 dated March 04, 2010 regarding grant of ‘Certificate of Registration’ to Experian Credit Information Company of India Private Limited (ECICI

RBI/2016-17/94 DBR.CID.BC.27/20.16.040/2016-17 October 20, 2016 All Credit Institutions Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of credit information – Experian Credit Information Company of India Private Limited (ECICI) Please refer to our circular DBOD.No.Dl.15214/20.16.042/2009-10 dated March 04, 2010 regarding grant of ‘Certificate of Registration’ to Experian Credit Information Company of India Private Limited (ECICI

Grant of ‘Certificate of Registration’ - For carrying on the business of credit information - Experian Credit Information Company of India Private Limited (ECICI)

Grant of ‘Certificate of Registration’ - For carrying on the business of Credit Information - Transunion CIBIL Limited

RBI/2016-17/69 DBR.CID.BC.16/20.16.040/2016-17 September 29, 2016 All Credit Institutions Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of Credit Information – Transunion CIBIL Limited Please refer to our circular DBOD.No.CID.BC.84/20.16.042/2011-12 dated March 05, 2012 regarding grant of ‘Certificate of Registration’ to Credit Information Bureau (India) Limited. 2. The Company has since changed its name. Accordingly, we have i

RBI/2016-17/69 DBR.CID.BC.16/20.16.040/2016-17 September 29, 2016 All Credit Institutions Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of Credit Information – Transunion CIBIL Limited Please refer to our circular DBOD.No.CID.BC.84/20.16.042/2011-12 dated March 05, 2012 regarding grant of ‘Certificate of Registration’ to Credit Information Bureau (India) Limited. 2. The Company has since changed its name. Accordingly, we have i

Grant of ‘Certificate of Registration’ - For carrying on the business of Credit Information - Transunion CIBIL Limited

Publishing of photographs of Wilful defaulters

RBI/2016-17/71 DBR.CID. BC. No.17/20.16.003/2016-17 September 29, 2016 The Chairmen / Chief Executive Officers ofAll Scheduled Commercial banks (including RRBs),All India Financial institutions (EXIM Bank, NHB, NABARD and SIDBI) Dear Sir/Madam Publishing of photographs of Wilful defaulters Please refer to our Master Circular on Wilful Defaulters DBR.CID.BC.No.22/20.16.003/2015-16 dated July 1, 2015 inter alia outlining the penal measures that should be taken by lendin

RBI/2016-17/71 DBR.CID. BC. No.17/20.16.003/2016-17 September 29, 2016 The Chairmen / Chief Executive Officers ofAll Scheduled Commercial banks (including RRBs),All India Financial institutions (EXIM Bank, NHB, NABARD and SIDBI) Dear Sir/Madam Publishing of photographs of Wilful defaulters Please refer to our Master Circular on Wilful Defaulters DBR.CID.BC.No.22/20.16.003/2015-16 dated July 1, 2015 inter alia outlining the penal measures that should be taken by lendin

Publishing of photographs of Wilful defaulters