IST,
Withdrawn Circulars
RBI/DOR/2023-24/104 DOR.MRG.36/21.04.141/2023-24 September 12, 2023 (Updated as on April 01, 2025) All Commercial Banks (excluding Regional Rural Banks) Dear Sir / Madam, Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023 The extant regulatory instructions on classification and valuation of investment portfolio by commercial banks, as contained in the Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2021, are largely based on a framework introduced in October 2000 drawing upon the then prevailing global standards and best practices.
RBI/DOR/2023-24/104 DOR.MRG.36/21.04.141/2023-24 September 12, 2023 (Updated as on April 01, 2025) All Commercial Banks (excluding Regional Rural Banks) Dear Sir / Madam, Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2023 The extant regulatory instructions on classification and valuation of investment portfolio by commercial banks, as contained in the Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2021, are largely based on a framework introduced in October 2000 drawing upon the then prevailing global standards and best practices.
PDF (RBI/2023-24/59
DOR.RET.REC.34/12.01.001/2023-24
September 08, 2023
The Chairperson / CEOs of all Scheduled Commercial Banks / Regional Rural Banks / All Scheduled Primary (Urban) Co-operative Banks / All Scheduled State Co-operative Banks
Madam / Dear Sir,
Reserve Bank of India Act, 1934 - Section 42(1A) - Requirement for maintaining additional CRR
Please refer to the circular DOR.RET.REC.29/12.01.001/2023-24 dated August 10, 2023 and relative notification on the captioned subject.
2. As announced in the RBI Press Release dated September 08, 2023, on a review, it has been decided to discontinue the incremental CRR (I-CRR) in a phased manner. Based on an assessment of current and evolving liquidity conditions, it has been decided that the amounts impounded under the I-CRR would be released in stages so that system liquidity is not subjected to sudden shocks and money markets function in an orderly manner. The release of funds would be as follows:
RBI/2023-24/59
DOR.RET.REC.34/12.01.001/2023-24
September 08, 2023
The Chairperson / CEOs of all Scheduled Commercial Banks / Regional Rural Banks / All Scheduled Primary (Urban) Co-operative Banks / All Scheduled State Co-operative Banks
Madam / Dear Sir,
Reserve Bank of India Act, 1934 - Section 42(1A) - Requirement for maintaining additional CRR
Please refer to the circular DOR.RET.REC.29/12.01.001/2023-24 dated August 10, 2023 and relative notification on the captioned subject.
2. As announced in the RBI Press Release dated September 08, 2023, on a review, it has been decided to discontinue the incremental CRR (I-CRR) in a phased manner. Based on an assessment of current and evolving liquidity conditions, it has been decided that the amounts impounded under the I-CRR would be released in stages so that system liquidity is not subjected to sudden shocks and money markets function in an orderly manner. The release of funds would be as follows:
REF: No. MPD. BC.244/07.01.279/ 2003-04 November 5, 2003Kartika 14, 1925(S)To All Primary DealersDear Sirs,Primary Dealers' Access to Call/Notice Money MarketPlease refer to Paragraphs 62 and 63 of the Governor’s statement on Mid-term Review of Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC.241/07.01.279/2003-04 dated November 3, 2003 (copy of the paragraphs enclosed). 2. It may be recalled that following the annual policy Stateme
REF: No. MPD. BC.244/07.01.279/ 2003-04 November 5, 2003Kartika 14, 1925(S)To All Primary DealersDear Sirs,Primary Dealers' Access to Call/Notice Money MarketPlease refer to Paragraphs 62 and 63 of the Governor’s statement on Mid-term Review of Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC.241/07.01.279/2003-04 dated November 3, 2003 (copy of the paragraphs enclosed). 2. It may be recalled that following the annual policy Stateme
REF: No. MPD. BC.244/07.01.279/ 2003-04 November 5, 2003Kartika 14, 1925(S)To All Primary DealersDear Sirs,Primary Dealers' Access to Call/Notice Money MarketPlease refer to Paragraphs 62 and 63 of the Governor’s statement on Mid-term Review of Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC.241/07.01.279/2003-04 dated November 3, 2003 (copy of the paragraphs enclosed). 2. It may be recalled that following the annual policy Stateme
REF: No. MPD. BC.244/07.01.279/ 2003-04 November 5, 2003Kartika 14, 1925(S)To All Primary DealersDear Sirs,Primary Dealers' Access to Call/Notice Money MarketPlease refer to Paragraphs 62 and 63 of the Governor’s statement on Mid-term Review of Monetary and Credit Policy for the year 2003-04 enclosed with his letter No. MPD. BC.241/07.01.279/2003-04 dated November 3, 2003 (copy of the paragraphs enclosed). 2. It may be recalled that following the annual policy Stateme
RBI/2023-24/52
DOR.RET.REC.29/12.01.001/2023-24
August 10, 2023
The Chairperson / CEOs of all Scheduled Commercial Banks / Regional Rural Banks /
All Scheduled Primary (Urban) Co-operative Banks / All Scheduled State Co-operative Banks
Madam / Dear Sir,
Reserve Bank of India Act, 1934 - Section 42(1A) - Requirement for maintaining additional CRR
Under Section 42(1) of the Reserve Bank of India Act, 1934, all Scheduled Banks are required to maintain with Reserve Bank of India a Cash Reserve Ratio (CRR) of 4.50 per cent of Net Demand and Time Liabilities (NDTL).
2. On a review of the current liquidity conditions, it has been decided to issue a directive under Section 42(1A) of the Reserve Bank of India Act, 1934 requiring all Scheduled Commercial Banks / Regional Rural Banks / all Scheduled Primary (Urban) Co-operative Banks / all Scheduled State Co-operative Banks to maintain with the Reserve Bank of India, effective from the fortnight beginning August 12, 2023, an incremental CRR (I-CRR) of 10 per cent on the increase in NDTL between May 19, 2023 and July 28, 2023. The I-CRR will be reviewed on September 8, 2023 or earlier.
3. A copy of the relative notification DOR.RET.REC.30/12.01.001/2023-24 dated August 10, 2023 is enclosed.
Yours faithfully,
(Brij Raj)
Chief General Manager
DOR.RET.REC.30/12.01.001/2023-24
August 10, 2023
NOTIFICATION
In exercise of the powers conferred by sub-section (1A) of Section 42 of the Reserve Bank of India Act, 1934, the Reserve Bank of India hereby directs that all Scheduled Commercial Banks / Regional Rural Banks / all Scheduled Primary (Urban) Co-operative Banks / all Scheduled State Co-operative Banks, shall maintain with the Reserve Bank of India, with effect from the fortnight beginning August 12, 2023:
an additional average daily balance over and above the average daily balance required to be maintained under sub-section (1) of Section 42; and
that the amount of such additional average daily balance shall not be less than 10 per cent of the increase in net demand and time liabilities between May 19, 2023 and July 28, 2023.
(Jayant Kumar Dash)
Executive Director
RBI/2023-24/52
DOR.RET.REC.29/12.01.001/2023-24
August 10, 2023
The Chairperson / CEOs of all Scheduled Commercial Banks / Regional Rural Banks /
All Scheduled Primary (Urban) Co-operative Banks / All Scheduled State Co-operative Banks
Madam / Dear Sir,
Reserve Bank of India Act, 1934 - Section 42(1A) - Requirement for maintaining additional CRR
Under Section 42(1) of the Reserve Bank of India Act, 1934, all Scheduled Banks are required to maintain with Reserve Bank of India a Cash Reserve Ratio (CRR) of 4.50 per cent of Net Demand and Time Liabilities (NDTL).
2. On a review of the current liquidity conditions, it has been decided to issue a directive under Section 42(1A) of the Reserve Bank of India Act, 1934 requiring all Scheduled Commercial Banks / Regional Rural Banks / all Scheduled Primary (Urban) Co-operative Banks / all Scheduled State Co-operative Banks to maintain with the Reserve Bank of India, effective from the fortnight beginning August 12, 2023, an incremental CRR (I-CRR) of 10 per cent on the increase in NDTL between May 19, 2023 and July 28, 2023. The I-CRR will be reviewed on September 8, 2023 or earlier.
3. A copy of the relative notification DOR.RET.REC.30/12.01.001/2023-24 dated August 10, 2023 is enclosed.
Yours faithfully,
(Brij Raj)
Chief General Manager
DOR.RET.REC.30/12.01.001/2023-24
August 10, 2023
NOTIFICATION
In exercise of the powers conferred by sub-section (1A) of Section 42 of the Reserve Bank of India Act, 1934, the Reserve Bank of India hereby directs that all Scheduled Commercial Banks / Regional Rural Banks / all Scheduled Primary (Urban) Co-operative Banks / all Scheduled State Co-operative Banks, shall maintain with the Reserve Bank of India, with effect from the fortnight beginning August 12, 2023:
an additional average daily balance over and above the average daily balance required to be maintained under sub-section (1) of Section 42; and
that the amount of such additional average daily balance shall not be less than 10 per cent of the increase in net demand and time liabilities between May 19, 2023 and July 28, 2023.
(Jayant Kumar Dash)
Executive Director
RBI/2023-24/51 DOR.CRE.REC.No.27/07.10.002/2023-24 July 25, 2023 All Primary (Urban) Co-operative Banks Dear Sir/ Madam, Master Circular - Management of Advances - UCBs Please refer to our Mater Circular DOR.CRE.REC.No.17/13.05.000/2022-23 dated April 8, 2022 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines on the subject issued till date.
RBI/2023-24/51 DOR.CRE.REC.No.27/07.10.002/2023-24 July 25, 2023 All Primary (Urban) Co-operative Banks Dear Sir/ Madam, Master Circular - Management of Advances - UCBs Please refer to our Mater Circular DOR.CRE.REC.No.17/13.05.000/2022-23 dated April 8, 2022 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines on the subject issued till date.
RBI/DOR/2023-24/103 DOR.ORG.REC.22/21.06.050/2023-24 June 26, 2023 Reserve Bank of India – Master Direction on Minimum Capital Requirements for Operational Risk In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest to do so, hereby issues the Directions hereinafter specified. These Directions require a specified Commercial Bank (covered
RBI/DOR/2023-24/103 DOR.ORG.REC.22/21.06.050/2023-24 June 26, 2023 Reserve Bank of India – Master Direction on Minimum Capital Requirements for Operational Risk In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest to do so, hereby issues the Directions hereinafter specified. These Directions require a specified Commercial Bank (covered
RBI/2023-24/41 DOR.CRE.REC.21/21.07.001/2023-24 June 08, 2023 All Commercial Banks (including Small Finance Banks), Primary (Urban) Co-operative Banks, State Co-operative Banks, Central Co-operative Banks; and Non-Banking Financial Companies (including Housing Finance Companies) Madam/ Dear Sir, Guidelines on Default Loss Guarantee (DLG) in Digital Lending A reference is invited to Para (3.4.3.1) of Section C of Annex-II to the RBI Press Release “Recommendations of th
RBI/2023-24/41 DOR.CRE.REC.21/21.07.001/2023-24 June 08, 2023 All Commercial Banks (including Small Finance Banks), Primary (Urban) Co-operative Banks, State Co-operative Banks, Central Co-operative Banks; and Non-Banking Financial Companies (including Housing Finance Companies) Madam/ Dear Sir, Guidelines on Default Loss Guarantee (DLG) in Digital Lending A reference is invited to Para (3.4.3.1) of Section C of Annex-II to the RBI Press Release “Recommendations of th
RBI/2023-24/40 DOR.STR.REC.20/21.04.048/2023-24 June 08, 2023 Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) Primary (Urban) Co-operative Banks/State Co-operative Banks/ Central Co-operative Banks All-India Financial Institutions Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Framework for Compromise Settlements and Technical Write-offs The Reserve Bank of India has issued various inst
RBI/2023-24/40 DOR.STR.REC.20/21.04.048/2023-24 June 08, 2023 Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) Primary (Urban) Co-operative Banks/State Co-operative Banks/ Central Co-operative Banks All-India Financial Institutions Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Framework for Compromise Settlements and Technical Write-offs The Reserve Bank of India has issued various inst
RBI/2023-24/39 DOR.REG.No.19/07.01.000/2023-24 June 08, 2023 Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks (except Salary Earners’ Banks) Madam / Dear Sir Rationalization of Branch Authorisation Policy for Urban Co-operative Banks (UCBs) A reference is made to the circular on the revised criteria for classifying a UCB as Financially Sound and Well Managed (FSWM) issued by RBI vide circular DOR.REG.No.85/07.01.000/2022-23 dated Dece
RBI/2023-24/39 DOR.REG.No.19/07.01.000/2023-24 June 08, 2023 Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks (except Salary Earners’ Banks) Madam / Dear Sir Rationalization of Branch Authorisation Policy for Urban Co-operative Banks (UCBs) A reference is made to the circular on the revised criteria for classifying a UCB as Financially Sound and Well Managed (FSWM) issued by RBI vide circular DOR.REG.No.85/07.01.000/2022-23 dated Dece
RBI/2023-24/31 DOR.CAP.REC.15/21.06.201/2023-24 May 12, 2023 All Scheduled Commercial Banks(Excluding Small Finance Banks, Payments Banksand Regional Rural Banks) Madam / Dear Sir, Master Circular – Basel III Capital Regulations Please refer to the Master Circular No. DOR.CAP.REC.3/21.06.201/2022-23 dated April 1, 2022, consolidating therein the prudential guidelines on Basel III capital adequacy issued to banks till that date. 2. The instructions contained in the afo
RBI/2023-24/31 DOR.CAP.REC.15/21.06.201/2023-24 May 12, 2023 All Scheduled Commercial Banks(Excluding Small Finance Banks, Payments Banksand Regional Rural Banks) Madam / Dear Sir, Master Circular – Basel III Capital Regulations Please refer to the Master Circular No. DOR.CAP.REC.3/21.06.201/2022-23 dated April 1, 2022, consolidating therein the prudential guidelines on Basel III capital adequacy issued to banks till that date. 2. The instructions contained in the afo
RBI/2023-24/26DOR.STR.REC.14/21.04.048/2023-24 May 08, 2023 The Chief Executive OfficersAll Primary (Urban) Co-operative Banks Madam / Dear Sir, Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs Please refer to our Master Circular DOR.STR.REC.5/21.04.048/2022-23 dated April 1, 2022 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines on the subject issu
RBI/2023-24/26DOR.STR.REC.14/21.04.048/2023-24 May 08, 2023 The Chief Executive OfficersAll Primary (Urban) Co-operative Banks Madam / Dear Sir, Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs Please refer to our Master Circular DOR.STR.REC.5/21.04.048/2022-23 dated April 1, 2022 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines on the subject issu
RBI/2023-24/25 DOR.AML.REC.13/14.01.001/2023-24 May 4, 2023 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to the Master Direction (MD) on KYC – Instructions on Wire Transfer 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), inter alia, have to undertake certain measures while dealing with the Wire Transfer. 2. In this regard, on a review,
RBI/2023-24/25 DOR.AML.REC.13/14.01.001/2023-24 May 4, 2023 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to the Master Direction (MD) on KYC – Instructions on Wire Transfer 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), inter alia, have to undertake certain measures while dealing with the Wire Transfer. 2. In this regard, on a review,
RBI/2023-24/24 DOR.AML.REC.111/14.01.001/2023-24 April 28, 2023 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, 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), as per the process laid out therein, for their customers. 2. In this regard, on a review, it has b
RBI/2023-24/24 DOR.AML.REC.111/14.01.001/2023-24 April 28, 2023 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, 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), as per the process laid out therein, for their customers. 2. In this regard, on a review, it has b
RBI/2023-24/18 DOR.STR.REC.12/21.04.048/2023-24 April 24, 2023 All Primary (Urban) Co-operative Banks, Madam / Dear Sir, Provisioning for standard assets by primary (Urban) co-operative banks – revised norms under four-tiered regulatory framework Please refer to circular DOR.REG.No.84/07.01.000/2022-23 dated December 01, 2022, in terms of which Urban Co-operative Banks (UCBs) have been categorized into four Tiers namely Tier 1, Tier 2, Tier 3 and Tier 4 for regulatory
RBI/2023-24/18 DOR.STR.REC.12/21.04.048/2023-24 April 24, 2023 All Primary (Urban) Co-operative Banks, Madam / Dear Sir, Provisioning for standard assets by primary (Urban) co-operative banks – revised norms under four-tiered regulatory framework Please refer to circular DOR.REG.No.84/07.01.000/2022-23 dated December 01, 2022, in terms of which Urban Co-operative Banks (UCBs) have been categorized into four Tiers namely Tier 1, Tier 2, Tier 3 and Tier 4 for regulatory
RBI/2023-24/17 DOR.CAP.REC.11/09.18.201/2023-24 April 20, 2023 All Primary (Urban) Co-operative Banks Dear Sir / Madam, Master Circular - Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs) Please refer to our Master Circular DOR.CAP.REC.2/09.18.201/2022-23 dated April 1, 2022 on the captioned subject. 2. The enclosed Master Circular consolidates and updates all the instructions / guidelines on the subject issued up to April 19, 2023 as li
RBI/2023-24/17 DOR.CAP.REC.11/09.18.201/2023-24 April 20, 2023 All Primary (Urban) Co-operative Banks Dear Sir / Madam, Master Circular - Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs) Please refer to our Master Circular DOR.CAP.REC.2/09.18.201/2022-23 dated April 1, 2022 on the captioned subject. 2. The enclosed Master Circular consolidates and updates all the instructions / guidelines on the subject issued up to April 19, 2023 as li
RBI/2023-24/15 DOR.CRE.REC.No.9/07.10.002/2023-24 April 11, 2023 All Primary (Urban) Co-operative Banks Madam/Dear Sir, Master Circular - Housing Finance for UCBs Please refer to our Master Circular DOR.CRE.REC.No.49/09.22.010/2022-23 dated June 23, 2022 on the captioned subject (available at RBI website /en/web/rbi). The enclosed Master Circular consolidates and updates all the instructions / guidelines on the subject issued till date. Yours faithfully (Manoranjan Mi
RBI/2023-24/15 DOR.CRE.REC.No.9/07.10.002/2023-24 April 11, 2023 All Primary (Urban) Co-operative Banks Madam/Dear Sir, Master Circular - Housing Finance for UCBs Please refer to our Master Circular DOR.CRE.REC.No.49/09.22.010/2022-23 dated June 23, 2022 on the captioned subject (available at RBI website /en/web/rbi). The enclosed Master Circular consolidates and updates all the instructions / guidelines on the subject issued till date. Yours faithfully (Manoranjan Mi
RBI/2023-24/14 DOR.SFG.REC.10/30.01.021/2023-24 April 11, 2023 All Scheduled Commercial Banks including Small Finance Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) All Deposit taking Non-Banking Finance Companies (NBFCs) including Housing Finance Companies (HFCs) Madam/Dear Sir, Framework for acceptance of Green Deposits Climate change has been recognised as one of the most critical challenges faced by the global society and economy in th
RBI/2023-24/14 DOR.SFG.REC.10/30.01.021/2023-24 April 11, 2023 All Scheduled Commercial Banks including Small Finance Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) All Deposit taking Non-Banking Finance Companies (NBFCs) including Housing Finance Companies (HFCs) Madam/Dear Sir, Framework for acceptance of Green Deposits Climate change has been recognised as one of the most critical challenges faced by the global society and economy in th
RBI/2023-24/102 DoS.CO.CSITEG/SEC.1/31.01.015/2023-24 April 10, 2023 The Chairman/Managing Director/Chief Executive Officer Scheduled Commercial Banks (excluding Regional Rural Banks); Local Area Banks; Small Finance Banks; Payments Banks; Primary (Urban) Co-operative Banks; Non-Banking Financial Companies; Credit Information Companies; and All India Financial Institutions (EXIM Bank, NABARD, NaBFID, NHB and SIDBI) Madam/Dear Sir, Master Direction on Outsourcing of In
RBI/2023-24/102 DoS.CO.CSITEG/SEC.1/31.01.015/2023-24 April 10, 2023 The Chairman/Managing Director/Chief Executive Officer Scheduled Commercial Banks (excluding Regional Rural Banks); Local Area Banks; Small Finance Banks; Payments Banks; Primary (Urban) Co-operative Banks; Non-Banking Financial Companies; Credit Information Companies; and All India Financial Institutions (EXIM Bank, NABARD, NaBFID, NHB and SIDBI) Madam/Dear Sir, Master Direction on Outsourcing of In
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