Notifications - Regulating Commercial Banking - আরবিআই - Reserve Bank of India
notifications
নভেম্বর 16, 2021
Regulations Review Authority (RRA 2.0) - Interim Recommendations - Withdrawal of Redundant Circulars
RBI/2021-22/132 DoS.CO.PPG./SEC.06/11.01.005/2021-22 November 16, 2021 All Scheduled Commercial Banks (including all Small Finance Banks & all Payments Banks), Local Area Banks & All Primary Urban Cooperative Banks Madam/Dear Sir, Regulations Review Authority (RRA 2.0) – Interim Recommendations – Withdrawal of Redundant Circulars Please refer to the Press Release dated November 16, 2021 issued on the captioned subject. 2. The circulars listed in the Annexure a
RBI/2021-22/132 DoS.CO.PPG./SEC.06/11.01.005/2021-22 November 16, 2021 All Scheduled Commercial Banks (including all Small Finance Banks & all Payments Banks), Local Area Banks & All Primary Urban Cooperative Banks Madam/Dear Sir, Regulations Review Authority (RRA 2.0) – Interim Recommendations – Withdrawal of Redundant Circulars Please refer to the Press Release dated November 16, 2021 issued on the captioned subject. 2. The circulars listed in the Annexure a
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নভেম্বর 16, 2021
Regulations Review Authority (RRA) 2.0 - Interim Recommendations - Withdrawal of Redundant Circulars
RBI/2021-22/128 DoR.RRA.69/01.01.101/2021-22 November 16, 2021 All Scheduled Commercial Banks All Payments Banks All Small Finance Banks All Local Area Banks Madam/Dear Sir Regulations Review Authority (RRA) 2.0 – Interim Recommendations – Withdrawal of Redundant Circulars Please refer to the Press Release dated November 16, 2021 issued on the captioned subject. 2. The circulars listed in the Annex are withdrawn with effect from close of business today. Yours faithful
RBI/2021-22/128 DoR.RRA.69/01.01.101/2021-22 November 16, 2021 All Scheduled Commercial Banks All Payments Banks All Small Finance Banks All Local Area Banks Madam/Dear Sir Regulations Review Authority (RRA) 2.0 – Interim Recommendations – Withdrawal of Redundant Circulars Please refer to the Press Release dated November 16, 2021 issued on the captioned subject. 2. The circulars listed in the Annex are withdrawn with effect from close of business today. Yours faithful
নভেম্বর 12, 2021
Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances - Clarifications
RBI/2021-2022/125 DOR.STR.REC.68/21.04.048/2021-22 November 12, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payments Banks All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Co-operative Banks All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Prudential norms on Inco
RBI/2021-2022/125 DOR.STR.REC.68/21.04.048/2021-22 November 12, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payments Banks All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Co-operative Banks All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Prudential norms on Inco
নভেম্বর 11, 2021
Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] - Master Direction on Interest Rate on Deposits
RBI/2021-2022/123 DOR.SOG (SPE).REC.No 67/13.03.00/2021-22 November 11, 2021 All Scheduled Commercial Banks (including Regional Rural Banks) All Small Finance Banks All Local Area Banks All Payment Banks All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Dear Sir / Madam, Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] - Master Direction on Interest Rate on Deposits Please refer to the instructions on the Foreign Currency (Non-res
RBI/2021-2022/123 DOR.SOG (SPE).REC.No 67/13.03.00/2021-22 November 11, 2021 All Scheduled Commercial Banks (including Regional Rural Banks) All Small Finance Banks All Local Area Banks All Payment Banks All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Dear Sir / Madam, Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] - Master Direction on Interest Rate on Deposits Please refer to the instructions on the Foreign Currency (Non-res
নভেম্বর 02, 2021
Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks
RBI/2021-22/118 DOS.CO.PPG.SEC.No.4/11.01.005/2021-22 November 02, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payment Banks and Regional Rural Banks) Madam/ Dear Sir, Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks Please refer to the circular No. DBS.CO.PPD.BC.No.8/11.01.005/2016-17 dated April 13, 2017 on the Revised Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks (SCBs). 2. The existing PCA Fr
RBI/2021-22/118 DOS.CO.PPG.SEC.No.4/11.01.005/2021-22 November 02, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payment Banks and Regional Rural Banks) Madam/ Dear Sir, Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks Please refer to the circular No. DBS.CO.PPD.BC.No.8/11.01.005/2016-17 dated April 13, 2017 on the Revised Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks (SCBs). 2. The existing PCA Fr
অক্টোবর 29, 2021
Opening of Current Accounts by Banks - Need for Discipline
RBI/2021-22/116 DOR.CRE.REC.63/21.04.048/2021-22 October 29, 2021 All Scheduled Commercial Banks All Payments Banks Madam/Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to our circular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 on the captioned subject and associated circulars thereon1. 2. On a review and taking into account feedback received from Indian Banks’ Association (IBA) and other stakeholders, it has been decided that
RBI/2021-22/116 DOR.CRE.REC.63/21.04.048/2021-22 October 29, 2021 All Scheduled Commercial Banks All Payments Banks Madam/Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to our circular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 on the captioned subject and associated circulars thereon1. 2. On a review and taking into account feedback received from Indian Banks’ Association (IBA) and other stakeholders, it has been decided that
অক্টোবর 28, 2021
Gold Monetization Scheme (GMS), 2015
RBI/2021-22/115 DoR.AUT.REC.62/23.67.001/2021-22 October 28, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22,
RBI/2021-22/115 DoR.AUT.REC.62/23.67.001/2021-22 October 28, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22,
অক্টোবর 14, 2021
Data Format for Furnishing of Credit Information to Credit Information Companies
RBI/2021-22/111 DoR.FIN.REC.59/20.16.056/2021-22 October 14, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies Madam/Dear Sir, Data Format for Fu
RBI/2021-22/111 DoR.FIN.REC.59/20.16.056/2021-22 October 14, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies Madam/Dear Sir, Data Format for Fu
অক্টোবর 07, 2021
Inclusion of “Paytm Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
RBI/2021-22/109 DOR.RET.REC.58/12.07.160/2021-22 October 07, 2021 All Scheduled Commercial Banks Madam/Sir Inclusion of “Paytm Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 We advise that “Paytm Payments Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide notification DoR.LIC.No.S926/16.03.006/2021-22 dated September 06, 2021 and published in the Gazette of India (Part III - Section
RBI/2021-22/109 DOR.RET.REC.58/12.07.160/2021-22 October 07, 2021 All Scheduled Commercial Banks Madam/Sir Inclusion of “Paytm Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 We advise that “Paytm Payments Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide notification DoR.LIC.No.S926/16.03.006/2021-22 dated September 06, 2021 and published in the Gazette of India (Part III - Section
অক্টোবর 04, 2021
Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital - Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas
RBI/2021-22/106 DOR.CAP.REC.No.56/21.06.201/2021-22 October 4, 2021 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam, Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas Please refer to paragraph 1.16 of Annex 4 (Criteria for Inclusion of Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital) to the Master C
RBI/2021-22/106 DOR.CAP.REC.No.56/21.06.201/2021-22 October 4, 2021 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam, Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas Please refer to paragraph 1.16 of Annex 4 (Criteria for Inclusion of Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital) to the Master C
অক্টোবর 04, 2021
Enhancement in family pension of employees of banks - Treatment of additional liability
RBI/2021-22/105 DOR.ACC.REC.57/21.04.018/2021-22 October 4, 2021 All Member Banks of the Indian Banks’ Association covered under the 11th Bipartite Settlement and Joint Note dated November 11, 2020 Madam / Sir, Enhancement in family pension of employees of banks - Treatment of additional liability The Indian Banks’ Association (IBA) has approached us for the amortisation of the increased expenditure resulting from the revision in family pension for employees of its me
RBI/2021-22/105 DOR.ACC.REC.57/21.04.018/2021-22 October 4, 2021 All Member Banks of the Indian Banks’ Association covered under the 11th Bipartite Settlement and Joint Note dated November 11, 2020 Madam / Sir, Enhancement in family pension of employees of banks - Treatment of additional liability The Indian Banks’ Association (IBA) has approached us for the amortisation of the increased expenditure resulting from the revision in family pension for employees of its me
সেপ্টেম্বর 13, 2021
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Deletion of one entry
RBI/2021-22/99 DOR.AML.REC.49/14.06.001/2021-22 September 13, 2021 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: Deletion of one entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, in terms of which “Regulated Entities (REs) shall ensure that in terms
RBI/2021-22/99 DOR.AML.REC.49/14.06.001/2021-22 September 13, 2021 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: Deletion of one entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, in terms of which “Regulated Entities (REs) shall ensure that in terms
সেপ্টেম্বর 13, 2021
Application for Aadhaar e-KYC Authentication Licence
RBI/2021-22/98 DOR.AML.REC 48/14.01.001/2021-22 September 13, 2021 The Chairpersons / CEOs of all Non-Banking Finance Companies (NBFCs), Payment System Providers and Payment System Participants Madam / Dear Sir, Application for Aadhaar e-KYC Authentication Licence In terms of Section 11A of the PML Act, 2002, entities other than banking companies may, by notification of the Central Government, be permitted to carry out authentication of client’s Aadhaar number using e
RBI/2021-22/98 DOR.AML.REC 48/14.01.001/2021-22 September 13, 2021 The Chairpersons / CEOs of all Non-Banking Finance Companies (NBFCs), Payment System Providers and Payment System Participants Madam / Dear Sir, Application for Aadhaar e-KYC Authentication Licence In terms of Section 11A of the PML Act, 2002, entities other than banking companies may, by notification of the Central Government, be permitted to carry out authentication of client’s Aadhaar number using e
সেপ্টেম্বর 09, 2021
Large Exposures Framework - Credit Risk Mitigation (CRM) for offsetting - non-centrally cleared derivative transactions of foreign bank branches in India with their Head Office
RBI/2021-22/97 DOR.CRE.REC.47/21.01.003/2021-22 September 09, 2021 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Credit Risk Mitigation (CRM) for offsetting – non-centrally cleared derivative transactions of foreign bank branches in India with their Head Office Please refer to circular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 on Large Exposures Framework (LEF). 2. It is advised that the Indi
RBI/2021-22/97 DOR.CRE.REC.47/21.01.003/2021-22 September 09, 2021 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Credit Risk Mitigation (CRM) for offsetting – non-centrally cleared derivative transactions of foreign bank branches in India with their Head Office Please refer to circular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 on Large Exposures Framework (LEF). 2. It is advised that the Indi
আগস্ট 30, 2021
Guidelines on Compensation of Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff - Clarification
RBI/2021-22/95 DOR.GOV.REC.44/29.67.001/2021-22 August 30, 2021 All Private Sector Banks (including Local Area Banks, Small FinanceBanks, Payments Banks) and Foreign Banks operating in India Dear Sir/Madam, Guidelines on Compensation of Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff - Clarification Please refer to para 2.1.2 (f) of our circular DOR.Appt.BC.No.23/29.67.001/2019-20 dated November 04, 2019 on the captioned
RBI/2021-22/95 DOR.GOV.REC.44/29.67.001/2021-22 August 30, 2021 All Private Sector Banks (including Local Area Banks, Small FinanceBanks, Payments Banks) and Foreign Banks operating in India Dear Sir/Madam, Guidelines on Compensation of Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff - Clarification Please refer to para 2.1.2 (f) of our circular DOR.Appt.BC.No.23/29.67.001/2019-20 dated November 04, 2019 on the captioned
আগস্ট 25, 2021
Notification as ‘Financial Institution’ under Section 2(1)(m)(iv) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)
RBI/2021-22/91 DOR.FIN.REC.No.41/03.10.136/2021-22 August 25, 2021 All Housing Finance Companies (HFCs) Dear Sir/ Madam, Notification as ‘Financial Institution’ under Section 2(1)(m)(iv) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) Please refer to Para 105 of Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 wherein certain criteria have b
RBI/2021-22/91 DOR.FIN.REC.No.41/03.10.136/2021-22 August 25, 2021 All Housing Finance Companies (HFCs) Dear Sir/ Madam, Notification as ‘Financial Institution’ under Section 2(1)(m)(iv) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) Please refer to Para 105 of Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 wherein certain criteria have b
আগস্ট 18, 2021
Safe Deposit Locker/Safe Custody Article Facility provided by the banks - Revised Instructions
RBI/2021-2022/86DOR.LEG.REC/40/09.07.005/2021-22 August 18, 2021 All Scheduled Commercial Banks (including RRBs) All Co-operative Banks All Small Finance Banks All Payments Banks All Local Area Banks Madam/Sir, Safe Deposit Locker/Safe Custody Article Facility provided by the banks- Revised Instructions Please refer to the extant instructions issued to Regulated Entities (REs) by the Reserve Bank on the above subject. Taking into consideration the various developments
RBI/2021-2022/86DOR.LEG.REC/40/09.07.005/2021-22 August 18, 2021 All Scheduled Commercial Banks (including RRBs) All Co-operative Banks All Small Finance Banks All Payments Banks All Local Area Banks Madam/Sir, Safe Deposit Locker/Safe Custody Article Facility provided by the banks- Revised Instructions Please refer to the extant instructions issued to Regulated Entities (REs) by the Reserve Bank on the above subject. Taking into consideration the various developments
আগস্ট 09, 2021
Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR) - Marginal Standing Facility (MSF) - Extension of Relaxation
RBI/2021-22/82 DOR.RET.REC.36/12.01.001/2021-22 August 09, 2021 All Scheduled Banks Madam/Sir Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation Please refer to circular DOR.No.Ret.BC.36/12.01.001/2020-21 dated February 05, 2021, on Marginal Standing Facility (MSF), wherein the banks were allowed to avail of funds under the MSF by dipping into the Statutory Liquid
RBI/2021-22/82 DOR.RET.REC.36/12.01.001/2021-22 August 09, 2021 All Scheduled Banks Madam/Sir Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation Please refer to circular DOR.No.Ret.BC.36/12.01.001/2020-21 dated February 05, 2021, on Marginal Standing Facility (MSF), wherein the banks were allowed to avail of funds under the MSF by dipping into the Statutory Liquid
আগস্ট 06, 2021
Prudential Norms for Off-Balance Sheet Exposures of Banks - Restructuring of derivative contracts
RBI/2021-22/81 DOR.MRG.39/21.04.157/2021-22 August 06, 2021 All Banks Madam / Dear Sir, Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts Please refer to paragraph 2.2 of our circular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008, in terms of which any change in any of the parameters of the original derivative contract would be treated as a restructuring. 2. In this context, it is clarified that change in the
RBI/2021-22/81 DOR.MRG.39/21.04.157/2021-22 August 06, 2021 All Banks Madam / Dear Sir, Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts Please refer to paragraph 2.2 of our circular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008, in terms of which any change in any of the parameters of the original derivative contract would be treated as a restructuring. 2. In this context, it is clarified that change in the
আগস্ট 06, 2021
Resolution Framework for COVID-19-related Stress - Financial Parameters - Revised timelines for compliance
RBI/2021-22/80 DOR.STR.REC.38/21.04.048/2021-22 August 6, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised t
RBI/2021-22/80 DOR.STR.REC.38/21.04.048/2021-22 August 6, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised t
আগস্ট 06, 2021
Export Credit in Foreign Currency - Benchmark Rate
RBI/2021-2022/79 DOR.DIR.REC.37/04.02.002/2021-22 August 6, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks)All Primary (Urban) Co-operative Banks1 All Small Finance Banks Dear Sir / Madam, Export Credit in Foreign Currency – Benchmark Rate Please refer to Master Circular DBR.No.DIR.BC.14/04.02.002/2015-16 dated July 1, 2015 on Rupee / Foreign Currency Export Credit and Customer Service to Exporters. 2. As per the extant guidelines, authorized deal
RBI/2021-2022/79 DOR.DIR.REC.37/04.02.002/2021-22 August 6, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks)All Primary (Urban) Co-operative Banks1 All Small Finance Banks Dear Sir / Madam, Export Credit in Foreign Currency – Benchmark Rate Please refer to Master Circular DBR.No.DIR.BC.14/04.02.002/2015-16 dated July 1, 2015 on Rupee / Foreign Currency Export Credit and Customer Service to Exporters. 2. As per the extant guidelines, authorized deal
আগস্ট 04, 2021
Guidelines for Implementation of the circular on Opening of Current Accounts by Banks
RBI/2021-22/77 DOR.CRE.REC.35/21.04.048/2021-22 August 04, 2021 To, All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Guidelines for Implementation of the circular on Opening of Current Accounts by Banks Please refer to circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020, DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 and DOR.No.BP.BC.30/21.04.048/2020-21 dated December 14, 2020 on Opening of Current Accounts by Banks - Need for
RBI/2021-22/77 DOR.CRE.REC.35/21.04.048/2021-22 August 04, 2021 To, All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Guidelines for Implementation of the circular on Opening of Current Accounts by Banks Please refer to circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020, DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 and DOR.No.BP.BC.30/21.04.048/2020-21 dated December 14, 2020 on Opening of Current Accounts by Banks - Need for
জুলাই 23, 2021
Loans and Advances - Regulatory Restrictions
RBI/2021-22/72 DOR.CRE.REC.No.33/13.03.00/2021-22 July 23, 2021 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Local Area Banks Madam / Dear Sir, Loans and Advances – Regulatory Restrictions Please refer to paragraphs 2.2.1.2, 2.2.1.4 and paragraph 2.2.1.5 of Master Circular on Loans and Advances - Statutory and Other Restrictions dated July 01, 2015. 2. On a review, it has been decided that i) For personal loans granted to any director of
RBI/2021-22/72 DOR.CRE.REC.No.33/13.03.00/2021-22 July 23, 2021 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Local Area Banks Madam / Dear Sir, Loans and Advances – Regulatory Restrictions Please refer to paragraphs 2.2.1.2, 2.2.1.4 and paragraph 2.2.1.5 of Master Circular on Loans and Advances - Statutory and Other Restrictions dated July 01, 2015. 2. On a review, it has been decided that i) For personal loans granted to any director of
জুলাই 09, 2021
Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation
RBI/2021-22/70 DoR.ORG.REC.31/21.06.017/2021-22 July 9, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks Dear Sir, Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation Please refer to our circular DBR.No.BP.BC.88/21.04.048/2014-15 dated April 23, 2015, advising banks to implement a ‘Mandat
RBI/2021-22/70 DoR.ORG.REC.31/21.06.017/2021-22 July 9, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks Dear Sir, Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation Please refer to our circular DBR.No.BP.BC.88/21.04.048/2014-15 dated April 23, 2015, advising banks to implement a ‘Mandat
জুলাই 08, 2021
Inclusion of “Shivalik Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
RBI/2021-22/68 DoR.RET.REC.30/12.07.150/2021-22 July 07, 2021 All Scheduled Commercial Banks Dear Sir/Madam Inclusion of “Shivalik Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 We advise that “Shivalik Small Finance Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.(Shivalik SFB).No.S159/16.13.223/2021-22 dated June 15, 2021 and published in the Gazette of
RBI/2021-22/68 DoR.RET.REC.30/12.07.150/2021-22 July 07, 2021 All Scheduled Commercial Banks Dear Sir/Madam Inclusion of “Shivalik Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 We advise that “Shivalik Small Finance Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.(Shivalik SFB).No.S159/16.13.223/2021-22 dated June 15, 2021 and published in the Gazette of
জুলাই 02, 2021
Review of Instructions on Interest on overdue domestic deposits
RBI/2021-22/66 DoR.SPE.REC.29/13.03.00/2021-2022 July 02, 2021 All Scheduled Commercial Banks (including RRBs) All Small Finance Banks All Local Area Banks All Primary (Urban) Co-operative Banks/ District Central Co-operative Banks/ State Co-operative Banks Dear Sir / Madam, Review of Instructions on Interest on overdue domestic deposits Please refer to Section 9 (b) of Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 3
RBI/2021-22/66 DoR.SPE.REC.29/13.03.00/2021-2022 July 02, 2021 All Scheduled Commercial Banks (including RRBs) All Small Finance Banks All Local Area Banks All Primary (Urban) Co-operative Banks/ District Central Co-operative Banks/ State Co-operative Banks Dear Sir / Madam, Review of Instructions on Interest on overdue domestic deposits Please refer to Section 9 (b) of Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 3
জুলাই 01, 2021
Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension
RBI/2021-22/65 DOR.CRE(DIR).REC.28/04.02.001/2021-22 July 1, 2021 All Scheduled Commercial Banks (excluding RRBs),Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank Dear Sir / Madam, Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension Please refer to the instructions issued vide circular DOR.CRE.REC.06/04.02.001/2021-22 dated April 12, 2021. 2. Government of India has approved the extension of Interest Equalization S
RBI/2021-22/65 DOR.CRE(DIR).REC.28/04.02.001/2021-22 July 1, 2021 All Scheduled Commercial Banks (excluding RRBs),Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank Dear Sir / Madam, Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension Please refer to the instructions issued vide circular DOR.CRE.REC.06/04.02.001/2021-22 dated April 12, 2021. 2. Government of India has approved the extension of Interest Equalization S
জুন 23, 2021
Gold (Metal) Loans - Repayment
RBI/2021-22/58 DOR.CRE(DIR).REC.24/23.67.001/2021-22 June 23, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Gold (Metal) Loans – Repayment Please refer to instructions issued vide circulars DBOD.No.IBS.1519/23.67.001/98-99 dated December 31, 1998, DBOD.No.IBS.3161/23.67.001/98-99 dated June 25, 1999, DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005, DBOD.No.IBD.BC.71/23.67.001/2006-07 dated April 3, 2007 and DBOD.No.
RBI/2021-22/58 DOR.CRE(DIR).REC.24/23.67.001/2021-22 June 23, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Gold (Metal) Loans – Repayment Please refer to instructions issued vide circulars DBOD.No.IBS.1519/23.67.001/98-99 dated December 31, 1998, DBOD.No.IBS.3161/23.67.001/98-99 dated June 25, 1999, DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005, DBOD.No.IBD.BC.71/23.67.001/2006-07 dated April 3, 2007 and DBOD.No.
জুন 18, 2021
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendment of one entry
RBI/2021-22/57DOR.AML.REC.22/14.06.001/2021-22 June 18, 2021 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: Amendment of one entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, in terms of which “Regulated Entities (REs) shall ensure that in terms of S
RBI/2021-22/57DOR.AML.REC.22/14.06.001/2021-22 June 18, 2021 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: Amendment of one entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, in terms of which “Regulated Entities (REs) shall ensure that in terms of S
জুন 10, 2021
Usage of Automated Teller Machines / Cash Recycler Machines - Review of Interchange Fee and Customer Charges (Updated as on March 28, 2025)
RBI/2021-22/52 DPSS.CO.OD.No.S-182/06.07.011/2021-22 June 10, 2021 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Authorised ATM Network Operators / Card Payment Network Operators / White Label ATM Operators Madam / Dear Sir, Usage of Automated Teller Machines / Cash Recycler Machines – Review of Interchange Fee and
RBI/2021-22/52 DPSS.CO.OD.No.S-182/06.07.011/2021-22 June 10, 2021 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Authorised ATM Network Operators / Card Payment Network Operators / White Label ATM Operators Madam / Dear Sir, Usage of Automated Teller Machines / Cash Recycler Machines – Review of Interchange Fee and
জুন 08, 2021
Preservation of CCTV recordings
RBI/2021-22/51 DCM(Plg).No. 51961/10.27.00/2021-22 June 8, 2021 The Chairman & Managing Director Chief Executive Officers All Banks Dear Sir, Preservation of CCTV recordings Please refer to our circular DCM (Plg) No. 1712/10.27.00/2016-17 dated December 13, 2016 wherein the banks were advised to preserve the CCTV recordings of operations at bank branches and currency chests for the period from November 08, 2016 to December 30, 2016, until further instructions, to
RBI/2021-22/51 DCM(Plg).No. 51961/10.27.00/2021-22 June 8, 2021 The Chairman & Managing Director Chief Executive Officers All Banks Dear Sir, Preservation of CCTV recordings Please refer to our circular DCM (Plg) No. 1712/10.27.00/2016-17 dated December 13, 2016 wherein the banks were advised to preserve the CCTV recordings of operations at bank branches and currency chests for the period from November 08, 2016 to December 30, 2016, until further instructions, to
জুন 04, 2021
Resolution Framework - 2.0: Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs) - Revision in the threshold for aggregate exposure
RBI/2021-22/47 DOR.STR.REC.21/21.04.048/2021-22 June 4, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework - 2.0: Resolution of Covid-19 related stress of Micro, Small and
RBI/2021-22/47 DOR.STR.REC.21/21.04.048/2021-22 June 4, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework - 2.0: Resolution of Covid-19 related stress of Micro, Small and
জুন 04, 2021
Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses - Revision in the threshold for aggregate exposure
RBI/2021-22/46 DOR.STR.REC.20/21.04.048/2021-22 June 4, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and
RBI/2021-22/46 DOR.STR.REC.20/21.04.048/2021-22 June 4, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and
মে 31, 2021
Customer Due Diligence for transactions in Virtual Currencies (VC)
RBI/2021-22/45 DOR. AML.REC 18 /14.01.001/2021-22 May 31, 2021 All Commercial and Co-operative Banks / Payments Banks/ Small Finance Banks / NBFCs / Payment System Providers Madam / Dear Sir, Customer Due Diligence for transactions in Virtual Currencies (VC) It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by making a reference to the RBI circular DBR.No.BP.BC
RBI/2021-22/45 DOR. AML.REC 18 /14.01.001/2021-22 May 31, 2021 All Commercial and Co-operative Banks / Payments Banks/ Small Finance Banks / NBFCs / Payment System Providers Madam / Dear Sir, Customer Due Diligence for transactions in Virtual Currencies (VC) It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by making a reference to the RBI circular DBR.No.BP.BC
মে 24, 2021
Amalgamation of District Central Co-operative Banks (DCCBs) with the State Co-operative Bank (StCB) - Guidelines
RBI/2021-22/42 DOR.RUR.REC.No.17/19.51.007/2021-22 May 24, 2021 All State and Central Cooperative Banks Dear Sir/ Madam, Amalgamation of District Central Co-operative Banks (DCCBs) with the State Co-operative Bank (StCB) - Guidelines The Banking Regulation (Amendment) Act, 2020 (39 of 2020) has been notified for the State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) with effect from, April 1, 2021 vide Notification dated December 23, 2020
RBI/2021-22/42 DOR.RUR.REC.No.17/19.51.007/2021-22 May 24, 2021 All State and Central Cooperative Banks Dear Sir/ Madam, Amalgamation of District Central Co-operative Banks (DCCBs) with the State Co-operative Bank (StCB) - Guidelines The Banking Regulation (Amendment) Act, 2020 (39 of 2020) has been notified for the State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) with effect from, April 1, 2021 vide Notification dated December 23, 2020
মে 11, 2021
Banking Regulation Act, 1949 - Section 26A Depositor Education and Awareness Fund Scheme, 2014 - Interest rates payable on unclaimed interest bearing deposit
RBI/2021-22/37 DoR.DEA.REC.No.16/30.01.002/2021-22 May 11, 2021 The Managing Director & CEO/Chief Executive OfficersAll Scheduled Commercial Banks (including RRBs) Local Area Banks (LABs) Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks/Small Finance Banks/Payments Banks Dear Sir/Madam, Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Interest rates payable on unclaimed interes
RBI/2021-22/37 DoR.DEA.REC.No.16/30.01.002/2021-22 May 11, 2021 The Managing Director & CEO/Chief Executive OfficersAll Scheduled Commercial Banks (including RRBs) Local Area Banks (LABs) Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks/Small Finance Banks/Payments Banks Dear Sir/Madam, Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Interest rates payable on unclaimed interes
মে 10, 2021
Amendment to the Master Direction (MD) on KYC
RBI/2021-22/35 DOR.AML.REC.No.15/14.01.001/2021-22 May 10, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Amendment to the Master Direction (MD) on KYC Please refer to the Master 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) while dealing with the customers as per the process laid out therein. 2. In this regard, on a review, it
RBI/2021-22/35 DOR.AML.REC.No.15/14.01.001/2021-22 May 10, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Amendment to the Master Direction (MD) on KYC Please refer to the Master 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) while dealing with the customers as per the process laid out therein. 2. In this regard, on a review, it
মে 06, 2021
Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934
RBI/2021-22/33 DoR.RET.REC.14/12.07.150/2021-22 May 06, 2021 All Banks Madam/Sir Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Lakshmi Vilas Bank Ltd” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 27, 2020 vide Notification DOR.PSBD.No.1849/16.01.067/2020-21 dated December 17, 2020, which is published in the Gazette of India (Part I
RBI/2021-22/33 DoR.RET.REC.14/12.07.150/2021-22 May 06, 2021 All Banks Madam/Sir Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Lakshmi Vilas Bank Ltd” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 27, 2020 vide Notification DOR.PSBD.No.1849/16.01.067/2020-21 dated December 17, 2020, which is published in the Gazette of India (Part I
মে 05, 2021
Resolution Framework 2.0 - Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)
RBI/2021-22/32 DOR.STR.REC.12/21.04.048/2021-22 May 5, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and M
RBI/2021-22/32 DOR.STR.REC.12/21.04.048/2021-22 May 5, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and M
মে 05, 2021
Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses
RBI/2021-22/31 DOR.STR.REC.11/21.04.048/2021-22 May 5, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and S
RBI/2021-22/31 DOR.STR.REC.11/21.04.048/2021-22 May 5, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and S
মে 05, 2021
Credit to MSME Entrepreneurs
RBI/2021-22/30 DoR.RET.REC.09/12.01.001/2021-22 May 05, 2021 All Scheduled Commercial Banks Madam/Sir Credit to MSME Entrepreneurs Please refer to our circular DOR.No.Ret.BC.37/12.01.001/2020-21 dated February 5, 2021, on captioned subject. 2. In terms of the above circular, Scheduled Commercial Banks were allowed to deduct the amount equivalent to credit disbursed to new MSME borrowers from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Rese
RBI/2021-22/30 DoR.RET.REC.09/12.01.001/2021-22 May 05, 2021 All Scheduled Commercial Banks Madam/Sir Credit to MSME Entrepreneurs Please refer to our circular DOR.No.Ret.BC.37/12.01.001/2020-21 dated February 5, 2021, on captioned subject. 2. In terms of the above circular, Scheduled Commercial Banks were allowed to deduct the amount equivalent to credit disbursed to new MSME borrowers from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Rese
মে 05, 2021
Periodic Updation of KYC - Restrictions on Account Operations for Non-compliance
RBI/2021-22/29 DOR. AML.REC 13/14.01.001/2021-22 May 5, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance Please refer to Section 38 of the Master Direction on KYC dated February 25, 2016, in terms of which Regulated Entities (REs) have to carry out periodic updation of KYC of existing customers. Keeping in view the current COVID-19 related restrictions in various parts
RBI/2021-22/29 DOR. AML.REC 13/14.01.001/2021-22 May 5, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance Please refer to Section 38 of the Master Direction on KYC dated February 25, 2016, in terms of which Regulated Entities (REs) have to carry out periodic updation of KYC of existing customers. Keeping in view the current COVID-19 related restrictions in various parts
মে 05, 2021
Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer
RBI/2021-22/28 DOR.STR.REC.10/21.04.048/2021-22 May 5, 2021 All Scheduled Commercial Banks (Excluding Regional Rural Banks and Payments Banks) Dear Sir/ Madam, Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer Please refer to our circular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006 and DBOD.No.BP.BC.68/21.04.048/2006-07 dated March 13, 2007 on creation, accounting, disclosures and utilisation of floating provisions by banks. Banks may
RBI/2021-22/28 DOR.STR.REC.10/21.04.048/2021-22 May 5, 2021 All Scheduled Commercial Banks (Excluding Regional Rural Banks and Payments Banks) Dear Sir/ Madam, Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer Please refer to our circular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006 and DBOD.No.BP.BC.68/21.04.048/2006-07 dated March 13, 2007 on creation, accounting, disclosures and utilisation of floating provisions by banks. Banks may
এপ্রিল 27, 2021
Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)
RBI/2021-22/25 Ref.No.DoS.CO.ARG/SEC.01/08.91.001/2021-22 April 27, 2021 The Chairman/Managing Director/Chief Executive Officer,All Commercial Banks (Excluding RRBs)All Primary (Urban) Co-operative Banks (UCBs)All Non-Banking Finance Companies (NBFCs) (Including Housing Finance Companies) Madam/Dear Sir, Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs) The fol
RBI/2021-22/25 Ref.No.DoS.CO.ARG/SEC.01/08.91.001/2021-22 April 27, 2021 The Chairman/Managing Director/Chief Executive Officer,All Commercial Banks (Excluding RRBs)All Primary (Urban) Co-operative Banks (UCBs)All Non-Banking Finance Companies (NBFCs) (Including Housing Finance Companies) Madam/Dear Sir, Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs) The fol
এপ্রিল 26, 2021
Corporate Governance in Banks - Appointment of Directors and Constitution of Committees of the Board
RBI/2021-22/24 DOR.GOV.REC.8/29.67.001/2021-22 April 26, 2021 To Commercial Banks (as per applicability) Madam / Sir, Corporate Governance in Banks - Appointment of Directors and Constitution of Committees of the Board A Discussion Paper on ‘Governance in Commercial Banks in India’ was issued by the Reserve Bank on June 11, 2020 to review the framework for governance in the commercial banks. Based on the feedback received, a comprehensive review of the framework has b
RBI/2021-22/24 DOR.GOV.REC.8/29.67.001/2021-22 April 26, 2021 To Commercial Banks (as per applicability) Madam / Sir, Corporate Governance in Banks - Appointment of Directors and Constitution of Committees of the Board A Discussion Paper on ‘Governance in Commercial Banks in India’ was issued by the Reserve Bank on June 11, 2020 to review the framework for governance in the commercial banks. Based on the feedback received, a comprehensive review of the framework has b
এপ্রিল 22, 2021
Declaration of dividends by banks
RBI/2021-22/23 DOR.ACC.REC.7/21.02.067/2021-22 April 22, 2021 All Commercial Banks and Cooperative Banks, Madam / Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.29/21.02.067/2020-21 dated December 4, 2020, and other associated circulars on the captioned subject. 2. In view of the continuing uncertainty caused by the ongoing second wave of COVID-19 in the country, it is crucial that banks remain resilient and proactively raise and cons
RBI/2021-22/23 DOR.ACC.REC.7/21.02.067/2021-22 April 22, 2021 All Commercial Banks and Cooperative Banks, Madam / Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.29/21.02.067/2020-21 dated December 4, 2020, and other associated circulars on the captioned subject. 2. In view of the continuing uncertainty caused by the ongoing second wave of COVID-19 in the country, it is crucial that banks remain resilient and proactively raise and cons
এপ্রিল 12, 2021
Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit- Extension
RBI/2021-22/21 DOR.CRE.REC.06/04.02.001/2021-22 April 12, 2021 All Scheduled Commercial Banks (excluding RRBs) Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank Dear Sir / Madam, Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit-Extension Please refer to the instructions issued vide DBR.Dir.BC.No.69/04.02.001/2019-20 dated May 13, 2020. 2. In this connection, Government of India has approved the extension of Interest Equaliza
RBI/2021-22/21 DOR.CRE.REC.06/04.02.001/2021-22 April 12, 2021 All Scheduled Commercial Banks (excluding RRBs) Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank Dear Sir / Madam, Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit-Extension Please refer to the instructions issued vide DBR.Dir.BC.No.69/04.02.001/2019-20 dated May 13, 2020. 2. In this connection, Government of India has approved the extension of Interest Equaliza
এপ্রিল 08, 2021
Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh - Payments Banks (PBs)
RBI/2021-22/20 DoR.LIC.REC.5/16.13.218/2021-22 April 8, 2021 Chief Executive Officers of Payments Banks Dear Sir/Madam, Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs) Please refer to paragraph 3 of Statement on Developmental and Regulatory Policies dated April 7, 2021 on the above subject. 2. In terms of paragraph 4(i) of the ‘Guidelines for Licensing of Payments Banks’ (Licensing Guidelines) dated
RBI/2021-22/20 DoR.LIC.REC.5/16.13.218/2021-22 April 8, 2021 Chief Executive Officers of Payments Banks Dear Sir/Madam, Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs) Please refer to paragraph 3 of Statement on Developmental and Regulatory Policies dated April 7, 2021 on the above subject. 2. In terms of paragraph 4(i) of the ‘Guidelines for Licensing of Payments Banks’ (Licensing Guidelines) dated
এপ্রিল 08, 2021
Implementation of Section 51A of UAPA, 1967 and Security Council Resolution: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List & Democratic People’s Republic of Korea (DPRK)Order, 2017
RBI/2021-22/19 DoR.AML.REC.03/14.06.001/2021-22 April 08, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 and Security Council Resolution: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List & Democratic People’s Republic of Korea (DPRK)Order, 2017 Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 01, 2021, i
RBI/2021-22/19 DoR.AML.REC.03/14.06.001/2021-22 April 08, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 and Security Council Resolution: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List & Democratic People’s Republic of Korea (DPRK)Order, 2017 Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 01, 2021, i
এপ্রিল 07, 2021
Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package
RBI/2021-22/17 DOR.STR.REC.4/21.04.048/2021-22 April 7, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Asset Classification and Income Recognition following the expiry of Covid-19 regulato
RBI/2021-22/17 DOR.STR.REC.4/21.04.048/2021-22 April 7, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Asset Classification and Income Recognition following the expiry of Covid-19 regulato
এপ্রিল 05, 2021
Gold Monetization Scheme (GMS), 2015
RBI/2021-22/13 DoR.AUT.REC.2/23.67.001/2021-22 April 5, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015
RBI/2021-22/13 DoR.AUT.REC.2/23.67.001/2021-22 April 5, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015
এপ্রিল 01, 2021
Amendment to Master Direction (MD) on KYC - KYC norms for Self Help Groups (SHGs)
RBI/2021-22/10 DOR.AML.BC.No.1/14.01.001/2021-22 April 1, 2021 The Chairpersons/ CEOs of all the banks Madam/Sir, Amendment to Master Direction (MD) on KYC – KYC norms for Self Help Groups (SHGs) Please refer to Section 43 of the Master Direction on KYC dated February 25, 2016 as amended from time to time, wherein simplified norms for Self Help Groups (SHGs) have been stipulated. 2. In this regard, on a review, it has been decided to amend clause (c) of Section 43 to
RBI/2021-22/10 DOR.AML.BC.No.1/14.01.001/2021-22 April 1, 2021 The Chairpersons/ CEOs of all the banks Madam/Sir, Amendment to Master Direction (MD) on KYC – KYC norms for Self Help Groups (SHGs) Please refer to Section 43 of the Master Direction on KYC dated February 25, 2016 as amended from time to time, wherein simplified norms for Self Help Groups (SHGs) have been stipulated. 2. In this regard, on a review, it has been decided to amend clause (c) of Section 43 to
মার্চ 30, 2021
Bilateral Netting of Qualified Financial Contracts- Amendments to Prudential Guidelines
RBI/2020-21/115 DOR.CAP.51/21.06.201/2020-21 March 30, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Bilateral Netting of Qualified Financial Contracts- Amendments to Prudential Guidelines The Bilateral Netting of Qualified Financial Contracts Act, 2020 (hereafter referred to as “the Act”), has been notified by the Government of India vide Gazette Notification No. S.O. 3463(E) dated October 1, 2020. The Act provides a legal fra
RBI/2020-21/115 DOR.CAP.51/21.06.201/2020-21 March 30, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Bilateral Netting of Qualified Financial Contracts- Amendments to Prudential Guidelines The Bilateral Netting of Qualified Financial Contracts Act, 2020 (hereafter referred to as “the Act”), has been notified by the Government of India vide Gazette Notification No. S.O. 3463(E) dated October 1, 2020. The Act provides a legal fra
মার্চ 24, 2021
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Amendment of 8 entries
RBI/2020-21/111 DOR.AML.BC.No.50/14.06.001/2020-21 March 24, 2021 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 – Amendment of 8 entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on March 23, 2021, in terms of which “Regulated Entities (REs) shall ensure that in ter
RBI/2020-21/111 DOR.AML.BC.No.50/14.06.001/2020-21 March 24, 2021 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 – Amendment of 8 entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on March 23, 2021, in terms of which “Regulated Entities (REs) shall ensure that in ter
মার্চ 23, 2021
Amendment to Master Direction (MD) on KYC - Procedure for Implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967
RBI/2020-21/110 DOR.AML.REC.48/14.01.001/2020-21 March 23, 2021 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Procedure for Implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967 Please refer to Chapter IX (‘Requirements/obligations under International Agreements Communications from International Agencies’) of the Master Direction on KYC dated February 25, 2016. In terms of ins
RBI/2020-21/110 DOR.AML.REC.48/14.01.001/2020-21 March 23, 2021 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Procedure for Implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967 Please refer to Chapter IX (‘Requirements/obligations under International Agreements Communications from International Agencies’) of the Master Direction on KYC dated February 25, 2016. In terms of ins
মার্চ 23, 2021
Large Exposures Framework - Deferment of applicability of limits on non-centrally cleared derivatives exposures
RBI/2020-21/109 DOR.No.CRE.BC.47/21.01.003/2020-21 March 23, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payments BanksLocal Area Banks and Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Deferment of applicability of limits on non-centrally cleared derivatives exposures Please refer to circular No.DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020 on Large Exposures Framework (LEF). 2. On a review it has been decided that
RBI/2020-21/109 DOR.No.CRE.BC.47/21.01.003/2020-21 March 23, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payments BanksLocal Area Banks and Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Deferment of applicability of limits on non-centrally cleared derivatives exposures Please refer to circular No.DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020 on Large Exposures Framework (LEF). 2. On a review it has been decided that
মার্চ 12, 2021
Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
RBI/2020-21/106 DoR.FIN.REC.46/20.16.056/2020-21 March 12, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payment Banks All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies Madam / Sir,
RBI/2020-21/106 DoR.FIN.REC.46/20.16.056/2020-21 March 12, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payment Banks All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies Madam / Sir,
ফেব 24, 2021
Large Exposures Framework - Exemptions
RBI/2020-21/104 DOR.No.CRE.BC.45/21.01.003/2020-21 February 24, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payments Banks Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Exemptions Please refer to circular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 on Large Exposures Framework (LEF) 2. Paragraph 3 of the Annex to the above circular specifies the exposures that are exempt from the LEF. On a r
RBI/2020-21/104 DOR.No.CRE.BC.45/21.01.003/2020-21 February 24, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payments Banks Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Exemptions Please refer to circular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 on Large Exposures Framework (LEF) 2. Paragraph 3 of the Annex to the above circular specifies the exposures that are exempt from the LEF. On a r
ফেব 24, 2021
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Amendment of 92 entries
RBI/2020-21/103 DOR.AML.BC.No.44/14.06.001/2020-21 February 24, 2021 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 – Amendment of 92 entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “Regulated Entities (REs) shall ensure tha
RBI/2020-21/103 DOR.AML.BC.No.44/14.06.001/2020-21 February 24, 2021 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 – Amendment of 92 entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “Regulated Entities (REs) shall ensure tha
ফেব 23, 2021
Inclusion of “Fino Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
RBI/2020-21/102 DOR.No.Ret.BC.43/12.07.150/2020-21 February 22, 2021 All Scheduled Commercial Banks Dear Sir/Madam Inclusion of “Fino Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 We advise that “Fino Payments Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.NBD.No.2138/16.03.005/2020-21 dated January 01, 2021 and published in the Gazette of India (Part III - Sect
RBI/2020-21/102 DOR.No.Ret.BC.43/12.07.150/2020-21 February 22, 2021 All Scheduled Commercial Banks Dear Sir/Madam Inclusion of “Fino Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 We advise that “Fino Payments Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.NBD.No.2138/16.03.005/2020-21 dated January 01, 2021 and published in the Gazette of India (Part III - Sect
ফেব 22, 2021
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Deletion of two entries
RBI/2020-21/101 DOR.AML.BC.No.42/14.06.001/2020-21@@NBSP@@@@NBSP@@ February 22, 2021 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 – Deletion of two entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “Regulated Entities (REs)
RBI/2020-21/101 DOR.AML.BC.No.42/14.06.001/2020-21@@NBSP@@@@NBSP@@ February 22, 2021 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 – Deletion of two entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “Regulated Entities (REs)
ফেব 17, 2021
Capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure
RBI/2020-21/100 DOR.No.MRG.BC.41/21.06.200/2020-21 February 17, 2021 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure Please refer to our circular DBOD.No.BP.BC.116/21.06.200/2013-14 dated June 3, 2014 on capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure (UFCE). 2. The guidelines mandate that inform
RBI/2020-21/100 DOR.No.MRG.BC.41/21.06.200/2020-21 February 17, 2021 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure Please refer to our circular DBOD.No.BP.BC.116/21.06.200/2013-14 dated June 3, 2014 on capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure (UFCE). 2. The guidelines mandate that inform
ফেব 05, 2021
Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)
RBI/2020-21/95 DOR.No.LRG.BC.40/21.04.098/2020-21 February 05, 2021 All Commercial Banks (excluding Regional Rural Banks,Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018 on Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)-Final Guidelines (‘NSFR Guidelines’) and circular DOR.BP.B
RBI/2020-21/95 DOR.No.LRG.BC.40/21.04.098/2020-21 February 05, 2021 All Commercial Banks (excluding Regional Rural Banks,Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018 on Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)-Final Guidelines (‘NSFR Guidelines’) and circular DOR.BP.B
ফেব 05, 2021
SLR holdings in HTM category
RBI/2020-21/94 DOR.No.MRG.BC.39/21.04.141/2020-21 February 5, 2021 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 4 of Statement on Developmental and Regulatory Policies dated February 5, 2021 and our circular DoR.No.BP.BC.22/21.04.141/2020-21 dated October 12, 2020 on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (HTM) category provided: the excess
RBI/2020-21/94 DOR.No.MRG.BC.39/21.04.141/2020-21 February 5, 2021 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 4 of Statement on Developmental and Regulatory Policies dated February 5, 2021 and our circular DoR.No.BP.BC.22/21.04.141/2020-21 dated October 12, 2020 on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (HTM) category provided: the excess
ফেব 05, 2021
Credit to MSME Entrepreneurs
RBI/2020-21/92 DOR.No.Ret.BC.37/12.01.001/2020-21 February 05, 2021 All Scheduled Commercial Banks Dear Sir / Madam Credit to MSME Entrepreneurs In terms of paragraph 5 of the Statement on Developmental and Regulatory Policies of February 5, 2021, Scheduled Commercial Banks will be allowed to deduct the amount equivalent to credit disbursed to ‘New MSME borrowers’ from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR). For th
RBI/2020-21/92 DOR.No.Ret.BC.37/12.01.001/2020-21 February 05, 2021 All Scheduled Commercial Banks Dear Sir / Madam Credit to MSME Entrepreneurs In terms of paragraph 5 of the Statement on Developmental and Regulatory Policies of February 5, 2021, Scheduled Commercial Banks will be allowed to deduct the amount equivalent to credit disbursed to ‘New MSME borrowers’ from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR). For th
ফেব 05, 2021
Basel III Capital Regulations- Review of transitional arrangements
RBI/2020-21/93 DOR.CAP.BC.No.34/21.06.201/2020-21 February 5, 2021 All Commercial Banks (Excluding Small Finance Banks, Payments Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations- Review of transitional arrangements Please refer to circular DOR.BP.BC.No.15/21.06.201/2020-21 dated September 29, 2020 on ‘Basel III Capital Regulations- Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19 and in order to aid in
RBI/2020-21/93 DOR.CAP.BC.No.34/21.06.201/2020-21 February 5, 2021 All Commercial Banks (Excluding Small Finance Banks, Payments Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations- Review of transitional arrangements Please refer to circular DOR.BP.BC.No.15/21.06.201/2020-21 dated September 29, 2020 on ‘Basel III Capital Regulations- Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19 and in order to aid in
ফেব 05, 2021
Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR) - Marginal Standing Facility (MSF) - Extension of Relaxation
RBI/2020-21/91 DOR.No.Ret.BC.36/12.01.001/2020-21 February 05, 2021 All Scheduled Banks Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation Please refer to our circulars DOR.No.Ret.BC.52/12.01.001/2019-20 dated March 27, 2020, DOR.RRB.No.28/31.01.001/2020-21 dated December 4, 2020 and Press Release No.2020-2021/401 dated September 28, 2020 on Margi
RBI/2020-21/91 DOR.No.Ret.BC.36/12.01.001/2020-21 February 05, 2021 All Scheduled Banks Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation Please refer to our circulars DOR.No.Ret.BC.52/12.01.001/2019-20 dated March 27, 2020, DOR.RRB.No.28/31.01.001/2020-21 dated December 4, 2020 and Press Release No.2020-2021/401 dated September 28, 2020 on Margi
ফেব 05, 2021
Maintenance of Cash Reserve Ratio (CRR)
RBI/2020-21/90 DOR.No.Ret.BC.35/12.01.001/2020-21 February 5, 2021 All Banks Dear Sir / Madam Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular DOR.No.Ret.BC.49/12.01.001/2019-20 dated March 27, 2020, on the captioned subject. The cash reserve ratio (CRR) of all banks was reduced by 100 basis points to 3.00 per cent of their Net Demand and Time liabilities (NDTL) effective from the reporting fortnight beginning March 28, 2020. The dispensation was a
RBI/2020-21/90 DOR.No.Ret.BC.35/12.01.001/2020-21 February 5, 2021 All Banks Dear Sir / Madam Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular DOR.No.Ret.BC.49/12.01.001/2019-20 dated March 27, 2020, on the captioned subject. The cash reserve ratio (CRR) of all banks was reduced by 100 basis points to 3.00 per cent of their Net Demand and Time liabilities (NDTL) effective from the reporting fortnight beginning March 28, 2020. The dispensation was a
জানু 27, 2021
Strengthening of Grievance Redress Mechanism in Banks
RBI/2020-21/87 CEPD.CO.PRD.Cir.No.01/13.01.013/2020-21 January 27, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam/Dear Sir, Strengthening of Grievance Redress Mechanism in Banks Please refer to the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated December 4, 2020, wherein it was stated that with a view to strengthen and improve the efficacy of the grievance redress mechanism of banks
RBI/2020-21/87 CEPD.CO.PRD.Cir.No.01/13.01.013/2020-21 January 27, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam/Dear Sir, Strengthening of Grievance Redress Mechanism in Banks Please refer to the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated December 4, 2020, wherein it was stated that with a view to strengthen and improve the efficacy of the grievance redress mechanism of banks
জানু 27, 2021
Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies - CRISIL Ratings Limited
RBI/2020-21/86 DOR.No.CRE.BC.33/21.06.007/2020-21 January 27, 2021 All Scheduled Commercial Banks (Excluding Payment Banks, Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies – CRISIL Ratings Limited Please refer to the Master Circular DBR.No.BP.BC.4./21.06.001/2015-16 dated July 1, 2015 on 'Prudential Guidelines on Capital
RBI/2020-21/86 DOR.No.CRE.BC.33/21.06.007/2020-21 January 27, 2021 All Scheduled Commercial Banks (Excluding Payment Banks, Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies – CRISIL Ratings Limited Please refer to the Master Circular DBR.No.BP.BC.4./21.06.001/2015-16 dated July 1, 2015 on 'Prudential Guidelines on Capital
জানু 25, 2021
Implementation of United Nations Security Council Resolution (UNSCR) - 1518 (2003) Sanctions Committee List - Updated UNSCR 1518 list and Removal of Two Individuals from the Sanctions List
RBI/2020-21/85 DOR.AML.No.32/14.06.001/2020-21 January 25, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of United Nations Security Council Resolution (UNSCR) - 1518 (2003) Sanctions Committee List – Updated UNSCR 1518 list and Removal of Two Individuals from the Sanctions List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “R
RBI/2020-21/85 DOR.AML.No.32/14.06.001/2020-21 January 25, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of United Nations Security Council Resolution (UNSCR) - 1518 (2003) Sanctions Committee List – Updated UNSCR 1518 list and Removal of Two Individuals from the Sanctions List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “R
জানু 07, 2021
Risk Based Internal Audit (RBIA) Framework - Strengthening Governance arrangements
RBI/2020-21/83 Ref.No.DoS.CO.PPG./SEC.04/11.01.005/2020-21 January 07, 2021 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payments Banks Madam / Dear Sir, Risk Based Internal Audit (RBIA) Framework – Strengthening Governance arrangements In terms of the Guidance Note on Risk-Based Internal Audit issued by RBI vide circular DBS.CO.PP.BC.10/11.01.005/2002-03
RBI/2020-21/83 Ref.No.DoS.CO.PPG./SEC.04/11.01.005/2020-21 January 07, 2021 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payments Banks Madam / Dear Sir, Risk Based Internal Audit (RBIA) Framework – Strengthening Governance arrangements In terms of the Guidance Note on Risk-Based Internal Audit issued by RBI vide circular DBS.CO.PP.BC.10/11.01.005/2002-03
ডিসেম্বর 18, 2020
Amendment to Master Direction (MD) on KYC - Centralized KYC Registry - Roll out of Legal Entity Template & other changes
RBI/2020-21/80 DOR.AML.BC.No.31/14.01.001/2020-21 December 18, 2020 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Centralized KYC Registry – Roll out of Legal Entity Template & other changes Regulated Entities (REs) have been uploading the KYC data pertaining to all individual accounts opened on or after January 1, 2017 on to CKYCR in terms of the provisions of the Prevention of Money Laundering (M
RBI/2020-21/80 DOR.AML.BC.No.31/14.01.001/2020-21 December 18, 2020 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Centralized KYC Registry – Roll out of Legal Entity Template & other changes Regulated Entities (REs) have been uploading the KYC data pertaining to all individual accounts opened on or after January 1, 2017 on to CKYCR in terms of the provisions of the Prevention of Money Laundering (M
ডিসেম্বর 14, 2020
Opening of Current Accounts by Banks - Need for Discipline
RBI/2020-21/79 DOR.No.BP.BC.30/21.04.048/2020-21 December 14, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to the circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 and DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 on the captioned subject. On a review, it has been decided to permit banks to open specific accounts which are stipulated under vario
RBI/2020-21/79 DOR.No.BP.BC.30/21.04.048/2020-21 December 14, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to the circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 and DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 on the captioned subject. On a review, it has been decided to permit banks to open specific accounts which are stipulated under vario
ডিসেম্বর 04, 2020
Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs)
RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 December 4, 2020 All Regional Rural Banks Madam/ Sir, Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs) In order to provide an additional avenue for liquidity management to Regional Rural Banks (RRBs), it has been decided that Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) will be extended to Scheduled RRBs meeting the followi
RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 December 4, 2020 All Regional Rural Banks Madam/ Sir, Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs) In order to provide an additional avenue for liquidity management to Regional Rural Banks (RRBs), it has been decided that Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) will be extended to Scheduled RRBs meeting the followi
ডিসেম্বর 04, 2020
Declaration of dividends by banks
RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.64/21.02.067/2019-20 dated April 17, 2020, on the captioned subject. 2. In view of the ongoing stress and heightened uncertainty on account of COVID-19, it is imperative that banks continue to conserve capital to support the economy and absorb losses. In order to
RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.64/21.02.067/2019-20 dated April 17, 2020, on the captioned subject. 2. In view of the ongoing stress and heightened uncertainty on account of COVID-19, it is imperative that banks continue to conserve capital to support the economy and absorb losses. In order to
নভেম্বর 02, 2020
Opening of Current Accounts by Banks - Need for Discipline
RBI/2020-21/62 DOR.No.BP.BC.27/21.04.048/2020-21 November 02, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to our circular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 on the captioned subject. 2. In this connection, a reference is invited to Para 4 of the circular referred to above, wherein the banks were advised that in respect of existing current and CC/OD a
RBI/2020-21/62 DOR.No.BP.BC.27/21.04.048/2020-21 November 02, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to our circular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 on the captioned subject. 2. In this connection, a reference is invited to Para 4 of the circular referred to above, wherein the banks were advised that in respect of existing current and CC/OD a
অক্টোবর 27, 2020
Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020)
RBI/2020-21/61DOR.No.BP.BC.26/21.04.048/2020-21 October 26, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Scheme for grant of ex-gratia payment of difference between compound interest and s
RBI/2020-21/61DOR.No.BP.BC.26/21.04.048/2020-21 October 26, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Scheme for grant of ex-gratia payment of difference between compound interest and s
অক্টোবর 20, 2020
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs)
RBI/2020-21/57 DOR.CO RRB.No.25/31.04.002/2020-21 October 20, 2020 All Regional Rural Banks Dear Sir/Madam, Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs) We advise that the names of ten amalgamated Regional Rural Banks have been included and names of 21 erstwhile Regional Rural Banks (RRBs) have been excluded to/from the Second Schedule to the Reserve Bank of India Act, 1934, respectively, by Notif
RBI/2020-21/57 DOR.CO RRB.No.25/31.04.002/2020-21 October 20, 2020 All Regional Rural Banks Dear Sir/Madam, Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs) We advise that the names of ten amalgamated Regional Rural Banks have been included and names of 21 erstwhile Regional Rural Banks (RRBs) have been excluded to/from the Second Schedule to the Reserve Bank of India Act, 1934, respectively, by Notif
অক্টোবর 16, 2020
Individual Housing Loans - Rationalisation of Risk Weights
RBI/2020-21/56 DOR.No.BP.BC.24/08.12.015/2020-21 October 16, 2020 All Scheduled Commercial Banks (Including Small Finance Banks, Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Individual Housing Loans – Rationalisation of Risk Weights Please refer to paragraph 6 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on rationalization of@@NBSP@@ risk weights on Individual Housing Loans. 2. In terms of circular No. DBR.BP.
RBI/2020-21/56 DOR.No.BP.BC.24/08.12.015/2020-21 October 16, 2020 All Scheduled Commercial Banks (Including Small Finance Banks, Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Individual Housing Loans – Rationalisation of Risk Weights Please refer to paragraph 6 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on rationalization of@@NBSP@@ risk weights on Individual Housing Loans. 2. In terms of circular No. DBR.BP.
অক্টোবর 12, 2020
SLR holdings in HTM category
RBI/2020-2021/54 DoR.No.BP.BC.22/21.04.141/2020-21 October 12, 2020 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 2 of Statement on Developmental and Regulatory Policies of the Monetary Policy Statement, 2020-21 dated October 9, 2020 and our circular DoR.No.BP.BC.9/21.04.141/2020-21 dated September 1, 2020 on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Mat
RBI/2020-2021/54 DoR.No.BP.BC.22/21.04.141/2020-21 October 12, 2020 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 2 of Statement on Developmental and Regulatory Policies of the Monetary Policy Statement, 2020-21 dated October 9, 2020 and our circular DoR.No.BP.BC.9/21.04.141/2020-21 dated September 1, 2020 on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Mat
অক্টোবর 12, 2020
Regulatory Retail Portfolio - Revised Limit for Risk Weight
RBI/2020-21/53DOR.No.BP.BC.23/21.06.201/2020-21 October 12, 2020 All Scheduled Commercial Banks (Including Small Finance Banks,Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Regulatory Retail Portfolio – Revised Limit for Risk Weight Please refer to paragraph 5 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on the limit for regulatory retail portfolio. 2. In terms of para 5.9 on “Claims included in the Regulatory
RBI/2020-21/53DOR.No.BP.BC.23/21.06.201/2020-21 October 12, 2020 All Scheduled Commercial Banks (Including Small Finance Banks,Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Regulatory Retail Portfolio – Revised Limit for Risk Weight Please refer to paragraph 5 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on the limit for regulatory retail portfolio. 2. In terms of para 5.9 on “Claims included in the Regulatory
অক্টোবর 09, 2020
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Addition of one entry
RBI/2020-2021/51 DOR.AML.BC.No.21/14.06.001/2020-21 October 09, 2020 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 – Addition of one entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms of which “Regulated Entities (REs) shall ensure that in
RBI/2020-2021/51 DOR.AML.BC.No.21/14.06.001/2020-21 October 09, 2020 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 – Addition of one entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms of which “Regulated Entities (REs) shall ensure that in
সেপ্টেম্বর 30, 2020
Exclusion of “Syndicate Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company
RBI/2020-21/47 DOR.No.Ret.BC.20/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Syndicate Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Syndicate Bank” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020 vide Notification DOR.No.Ret.
RBI/2020-21/47 DOR.No.Ret.BC.20/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Syndicate Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Syndicate Bank” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020 vide Notification DOR.No.Ret.
সেপ্টেম্বর 30, 2020
Exclusion of “Oriental Bank of Commerce” and “United Bank of India” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company
RBI/2020-21/46 DOR.No.Ret.BC.19/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Oriental Bank of Commerce” and “United Bank of India” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Oriental Bank of Commerce” and “United Bank of India” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since they have ceased to carry o
RBI/2020-21/46 DOR.No.Ret.BC.19/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Oriental Bank of Commerce” and “United Bank of India” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Oriental Bank of Commerce” and “United Bank of India” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since they have ceased to carry o
সেপ্টেম্বর 30, 2020
Exclusion of “Andhra Bank” and “Corporation Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company
RBI/2020-21/45 DOR.No.Ret.BC.18/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Andhra Bank” and “Corporation Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Andhra Bank” and “Corporation Bank” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since they have ceased to carry on banking business with effect from
RBI/2020-21/45 DOR.No.Ret.BC.18/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Andhra Bank” and “Corporation Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Andhra Bank” and “Corporation Bank” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since they have ceased to carry on banking business with effect from
সেপ্টেম্বর 30, 2020
Exclusion of “Allahabad Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company
RBI/2020-21/44 DOR.No.Ret.BC.17/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Allahabad Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Allahabad Bank” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020 vide Notification DOR.No.Ret.
RBI/2020-21/44 DOR.No.Ret.BC.17/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Allahabad Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Allahabad Bank” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020 vide Notification DOR.No.Ret.
সেপ্টেম্বর 29, 2020
Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)
RBI/2020-21/43 DOR.BP.BC.No.16/21.04.098/2020-21 September 29, 2020 All Commercial Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our@@NBSP@@circular DOR.BP.BC.No.46/21.04.098/2019-20 dated March 27, 2020@@NBSP@@on Net Stable Funding Ratio (NSFR) guidelines. 2. In view of the continued uncertainty on account of COVID-19, on a review
RBI/2020-21/43 DOR.BP.BC.No.16/21.04.098/2020-21 September 29, 2020 All Commercial Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our@@NBSP@@circular DOR.BP.BC.No.46/21.04.098/2019-20 dated March 27, 2020@@NBSP@@on Net Stable Funding Ratio (NSFR) guidelines. 2. In view of the continued uncertainty on account of COVID-19, on a review
সেপ্টেম্বর 29, 2020
Basel III Capital Regulations - Review of transitional arrangements
RBI/2020-21/42DOR.BP.BC.No15/21.06.201/2020-21 September 29, 2020 All Commercial Banks (Excluding Small Finance Banks, Payment Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations - Review of transitional arrangements Please refer to circular DOR.BP.BC.No.45/21.06.201/2019-20 dated March 27, 2020 on ‘Basel III Capital Regulations - Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19, it has been decided to de
RBI/2020-21/42DOR.BP.BC.No15/21.06.201/2020-21 September 29, 2020 All Commercial Banks (Excluding Small Finance Banks, Payment Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations - Review of transitional arrangements Please refer to circular DOR.BP.BC.No.45/21.06.201/2019-20 dated March 27, 2020 on ‘Basel III Capital Regulations - Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19, it has been decided to de
সেপ্টেম্বর 14, 2020
Automation of Income Recognition, Asset Classification and Provisioning processes in banks
RBI/2020-21/37 Ref. No. DoS.CO.PPG./SEC.03/11.01.005/2020-21 September 14, 2020 The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks (Excluding RRBs) andAll Small Finance Banks Madam / Dear Sir, Automation of Income Recognition, Asset Classification and Provisioning processes in banks We invite a reference to our circular DBS.CO.PPD.No.1950/11.01.005/2011-12 dated August 04, 2011, in terms of which banks were advised, inter alia, to
RBI/2020-21/37 Ref. No. DoS.CO.PPG./SEC.03/11.01.005/2020-21 September 14, 2020 The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks (Excluding RRBs) andAll Small Finance Banks Madam / Dear Sir, Automation of Income Recognition, Asset Classification and Provisioning processes in banks We invite a reference to our circular DBS.CO.PPD.No.1950/11.01.005/2011-12 dated August 04, 2011, in terms of which banks were advised, inter alia, to
সেপ্টেম্বর 11, 2020
Compliance functions in banks and Role of Chief Compliance Officer (CCO)
RBI/2020-21/35 Ref. No. DoS.CO.PPG./SEC.02/11.01.005/2020-21 September 11, 2020 The Chairman / Managing Director & Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks and All Small Finance Banks and Payment Banks Madam / Dear Sir, Compliance functions in banks and Role of Chief Compliance Officer (CCO) Please refer to the guidelines on compliance functions vide our circulars DBS.CO.PP.BC.6/11.01.005/2006-07 dated April 20,
RBI/2020-21/35 Ref. No. DoS.CO.PPG./SEC.02/11.01.005/2020-21 September 11, 2020 The Chairman / Managing Director & Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks and All Small Finance Banks and Payment Banks Madam / Dear Sir, Compliance functions in banks and Role of Chief Compliance Officer (CCO) Please refer to the guidelines on compliance functions vide our circulars DBS.CO.PP.BC.6/11.01.005/2006-07 dated April 20,
সেপ্টেম্বর 11, 2020
Implementation of Section 51A of UAPA, 1967 - Updates to UNSC’s 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Amendment to 11 entries (10 Individuals and one entry in Entities and Groups)
RBI/2020-21/36 DOR.AML.BC.No.14/14.06.001/2020-21 September 11, 2020 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 - Amendment to 11 entries (10 Individuals and one entry in Entities and Groups) Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms o
RBI/2020-21/36 DOR.AML.BC.No.14/14.06.001/2020-21 September 11, 2020 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 - Amendment to 11 entries (10 Individuals and one entry in Entities and Groups) Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms o
সেপ্টেম্বর 07, 2020
Resolution Framework for COVID-19-related Stress - Financial Parameters
RBI/2020-21/34DOR.No.BP.BC/13/21.04.048/2020-21 September 7, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Co-operative BanksAll All-India Financial InstitutionsAll Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress – Financial Parameters Please refer
RBI/2020-21/34DOR.No.BP.BC/13/21.04.048/2020-21 September 7, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Co-operative BanksAll All-India Financial InstitutionsAll Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress – Financial Parameters Please refer
সেপ্টেম্বর 05, 2020
Long Form Audit Report (LFAR) - Review
RBI/2020-21/33 Ref.No.DOS.CO.PPG./SEC.01/11.01.005/2020-21 September 05, 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 Madam /Dear Sir, Long Form Audit Report (LFAR) - Review Please refer to RBI circular No. DBS.CO.PP.BC.11/11.01.005/2001-2002 dated April 17, 2002 on revision of Long Form Audit Report (LFAR). 2. Keeping in view the large
RBI/2020-21/33 Ref.No.DOS.CO.PPG./SEC.01/11.01.005/2020-21 September 05, 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 Madam /Dear Sir, Long Form Audit Report (LFAR) - Review Please refer to RBI circular No. DBS.CO.PP.BC.11/11.01.005/2001-2002 dated April 17, 2002 on revision of Long Form Audit Report (LFAR). 2. Keeping in view the large
সেপ্টেম্বর 03, 2020
Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934
RBI/2020-21/30 DOR.No.Ret.BC.10/12.07.150/2020-21 September 03, 2020 All Banks Madam/Sir Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Westpac Banking Corporation” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DOR.IBD.No.99/23.13.138/2020-21 dated July 18, 2020, which is published in the Gazette of India (Part III - Section 4) dated Au
RBI/2020-21/30 DOR.No.Ret.BC.10/12.07.150/2020-21 September 03, 2020 All Banks Madam/Sir Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Westpac Banking Corporation” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DOR.IBD.No.99/23.13.138/2020-21 dated July 18, 2020, which is published in the Gazette of India (Part III - Section 4) dated Au
সেপ্টেম্বর 03, 2020
Cessation of “Aditya Birla Idea Payments Bank Limited” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949
RBI/2020-21/32 DOR.No.Ret.BC.12/12.07.150/2020-21 September 03, 2020 All Banks Dear Sir/Madam Cessation of “Aditya Birla Idea Payments Bank Limited” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 We advise that the “Aditya Birla Idea Payments Bank Limited” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 with effect from July 28, 2020 vide Notification DOR.NBD.No.144/1
RBI/2020-21/32 DOR.No.Ret.BC.12/12.07.150/2020-21 September 03, 2020 All Banks Dear Sir/Madam Cessation of “Aditya Birla Idea Payments Bank Limited” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 We advise that the “Aditya Birla Idea Payments Bank Limited” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 with effect from July 28, 2020 vide Notification DOR.NBD.No.144/1
সেপ্টেম্বর 03, 2020
Cessation of “Westpac Banking Corporation” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949
RBI/2020-21/31 DOR.No.Ret.BC.11/12.07.150/2020-21 September 03, 2020 All Banks Dear Sir/Madam Cessation of “Westpac Banking Corporation” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 We advise that the “Westpac Banking Corporation” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 vide Notification DOR.IBD.No.100/23.13.138/2020-21 dated July 18, 2020, which is publishe
RBI/2020-21/31 DOR.No.Ret.BC.11/12.07.150/2020-21 September 03, 2020 All Banks Dear Sir/Madam Cessation of “Westpac Banking Corporation” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 We advise that the “Westpac Banking Corporation” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 vide Notification DOR.IBD.No.100/23.13.138/2020-21 dated July 18, 2020, which is publishe
সেপ্টেম্বর 01, 2020
SLR holdings in HTM category (Amended)
RBI/2020-21/29 DoR.No.BP.BC.9/21.04.141/2020-21 September 1, 2020 All Commercial Banks Dear Sir, SLR holdings in HTM category Please refer to our circulars DBR.No.BP.BC.6/21.04.141/2015-16 dated July 1, 2015 read with DBR.No.BP.BC.65/21.04.141/2015-16 dated December 10, 2015 and DBR.No.Ret.BC.90/12.02.001/2017-18 dated October 4, 2017 on the subject. 2. Currently, banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (H
RBI/2020-21/29 DoR.No.BP.BC.9/21.04.141/2020-21 September 1, 2020 All Commercial Banks Dear Sir, SLR holdings in HTM category Please refer to our circulars DBR.No.BP.BC.6/21.04.141/2015-16 dated July 1, 2015 read with DBR.No.BP.BC.65/21.04.141/2015-16 dated December 10, 2015 and DBR.No.Ret.BC.90/12.02.001/2017-18 dated October 4, 2017 on the subject. 2. Currently, banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (H
আগস্ট 21, 2020
Ad-hoc/Short Review/Renewal of Credit Facilities
RBI/2020-21/27 DoS.CO.PPG.BC.1/11.01.005/2020-21 August 21, 2020 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Urban Cooperative Banks Madam/Dear Sir, Ad-hoc/Short Review/Renewal of Credit Facilities In terms of circular DBOD.No.BP.(SC).BC.98/21.04.103/99 dated October 7, 1999 on Risk Management System in Banks, Scheduled Commercial Banks (SCBs) are required to put in place a board approved credit policy, which, inter alia, should prescri
RBI/2020-21/27 DoS.CO.PPG.BC.1/11.01.005/2020-21 August 21, 2020 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Urban Cooperative Banks Madam/Dear Sir, Ad-hoc/Short Review/Renewal of Credit Facilities In terms of circular DBOD.No.BP.(SC).BC.98/21.04.103/99 dated October 7, 1999 on Risk Management System in Banks, Scheduled Commercial Banks (SCBs) are required to put in place a board approved credit policy, which, inter alia, should prescri
আগস্ট 21, 2020
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s Democratic Republic of Congo List
RBI/2020-21/25 DOR.AML.BC. No. 8/14.06.001/2020-21 August 21, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s Democratic Republic of Congo 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 Activiti
RBI/2020-21/25 DOR.AML.BC. No. 8/14.06.001/2020-21 August 21, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s Democratic Republic of Congo 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 Activiti
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