Notifications - RBI - Reserve Bank of India
Notifications
Jan 17, 2023
Designation of two individuals and one organisation under Section 35(1) (a) and 2(1) (m) of the Unlawful Activities (Prevention) Act,1967 and their listing in the First and Fourth Schedule of the Act
RBI/2022-23/166 DOR. AML.REC.96/14.06.001/2022-23 January 17, 2023 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Designation of two individuals and one organisation under Section 35(1) (a) and 2(1) (m) of the Unlawful Activities (Prevention) Act,1967 and their listing in the First and Fourth Schedule of the Act. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The procedure
RBI/2022-23/166 DOR. AML.REC.96/14.06.001/2022-23 January 17, 2023 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Designation of two individuals and one organisation under Section 35(1) (a) and 2(1) (m) of the Unlawful Activities (Prevention) Act,1967 and their listing in the First and Fourth Schedule of the Act. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The procedure
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Jan 13, 2023
Formation of new district in the State of Sikkim - Assignment of Lead Bank Responsibility
RBI/2022-23/165 FIDD.CO.LBS.BC.No.17/02.08.001/2022-23 January 13, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir,Formation of new district in the State of Sikkim – Assignment of Lead Bank Responsibility The Government of Sikkim vide Gazette Notification No.50/LR&DMD/ACQ/GOS dated December 20, 2021 had notified formation of a new district in the state of Sikkim. It has been decided to assign the lead bank r
RBI/2022-23/165 FIDD.CO.LBS.BC.No.17/02.08.001/2022-23 January 13, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir,Formation of new district in the State of Sikkim – Assignment of Lead Bank Responsibility The Government of Sikkim vide Gazette Notification No.50/LR&DMD/ACQ/GOS dated December 20, 2021 had notified formation of a new district in the state of Sikkim. It has been decided to assign the lead bank r
Jan 13, 2023
Formation of new district in the State of Arunachal Pradesh - Assignment of Lead Bank Responsibility
RBI/2022-23/164 FIDD.CO.LBS.BC.No.16/02.08.001/2022-23 January 13, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility The Government of Arunachal Pradesh vide Gazette Notification No.Law/Legn-15/2022 dated May 6, 2022 has notified formation of a new district in the state of Arunachal Pradesh. It has been decided to
RBI/2022-23/164 FIDD.CO.LBS.BC.No.16/02.08.001/2022-23 January 13, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility The Government of Arunachal Pradesh vide Gazette Notification No.Law/Legn-15/2022 dated May 6, 2022 has notified formation of a new district in the state of Arunachal Pradesh. It has been decided to
Jan 11, 2023
Operational Risk Management: Price / Yield range setting in e-Kuber
RBI/2022-23/163 IDMD.No.S2800/08.02.032/2022-23 January 11, 2023 All participants in the Government Securities Market Dear Sir / Madam Operational Risk Management: Price / Yield range setting in e-Kuber Please refer to our circular IDMD/1615/08.02.032/2019-20 dated December 12, 2019 advising the participants in the Government Securities (G-Sec) market about the “Price / Yield range setting” facility provided on the e-Kuber platform as a risk management measure. The fa
RBI/2022-23/163 IDMD.No.S2800/08.02.032/2022-23 January 11, 2023 All participants in the Government Securities Market Dear Sir / Madam Operational Risk Management: Price / Yield range setting in e-Kuber Please refer to our circular IDMD/1615/08.02.032/2019-20 dated December 12, 2019 advising the participants in the Government Securities (G-Sec) market about the “Price / Yield range setting” facility provided on the e-Kuber platform as a risk management measure. The fa
Jan 09, 2023
Basel III Capital Regulations - Eligible Credit Rating Agencies
RBI/2022-23/162 DOR.STR.REC.94/21.06.008/2022-23 January 09, 2023 All Scheduled Commercial Banks(including Small Finance Banks)(excluding Local Area Banks, Payments Banks and Regional Rural Banks) Dear Sir/ Madam, Basel III Capital Regulations - Eligible Credit Rating Agencies Please refer to paragraph 6.1.2 of the Master Circular DOR.CAP.REC.3/21.06.201/2022-23 dated April 01, 2022 on Basel III Capital Regulations, wherein the list of domestic credit rating agencies
RBI/2022-23/162 DOR.STR.REC.94/21.06.008/2022-23 January 09, 2023 All Scheduled Commercial Banks(including Small Finance Banks)(excluding Local Area Banks, Payments Banks and Regional Rural Banks) Dear Sir/ Madam, Basel III Capital Regulations - Eligible Credit Rating Agencies Please refer to paragraph 6.1.2 of the Master Circular DOR.CAP.REC.3/21.06.201/2022-23 dated April 01, 2022 on Basel III Capital Regulations, wherein the list of domestic credit rating agencies
Jan 06, 2023
Formation of new districts in the State of Chhattisgarh - Assignment of Lead Bank Responsibility
RBI/2022-23/161 FIDD.CO.LBS.BC.No.15/02.08.001/2022-23 January 06, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/Dear Sir, Formation of new districts in the State of Chhattisgarh – Assignment of Lead Bank Responsibility The Government of Chhattisgarh has notified formation of five new districts in the state of Chhattisgarh vide Gazette Notifications No. F 11-40/2021/Seven 4, No. F 11-08/2022/Seven-4, No. F 11-37/2021/Se
RBI/2022-23/161 FIDD.CO.LBS.BC.No.15/02.08.001/2022-23 January 06, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/Dear Sir, Formation of new districts in the State of Chhattisgarh – Assignment of Lead Bank Responsibility The Government of Chhattisgarh has notified formation of five new districts in the state of Chhattisgarh vide Gazette Notifications No. F 11-40/2021/Seven 4, No. F 11-08/2022/Seven-4, No. F 11-37/2021/Se
Jan 04, 2023
Foreign Investment in India - Rationalisation of reporting in Single Master Form (SMF) on FIRMS Portal
RBI/2022-23/160 A.P. (DIR Series) Circular No. 22 January 04, 2023 To All Category-I Authorised Dealer Banks Madam / Sir Foreign Investment in India - Rationalisation of reporting in Single Master Form (SMF) on FIRMS Portal Attention of Authorised Dealer Category-I banks (AD banks) is invited to A.P. (DIR Series) Circular No. 30 dated June 07, 2018. 2. It is advised that the following changes are being implemented with respect to the reporting of foreign investment in
RBI/2022-23/160 A.P. (DIR Series) Circular No. 22 January 04, 2023 To All Category-I Authorised Dealer Banks Madam / Sir Foreign Investment in India - Rationalisation of reporting in Single Master Form (SMF) on FIRMS Portal Attention of Authorised Dealer Category-I banks (AD banks) is invited to A.P. (DIR Series) Circular No. 30 dated June 07, 2018. 2. It is advised that the following changes are being implemented with respect to the reporting of foreign investment in
Dec 30, 2022
Individual Housing loans - Revised limits under four-tiered regulatory framework
RBI/2022-23/159 DOR.CRE.REC.92/07.10.002/2022-23 December 30, 2022 All Primary (Urban) Co-operative Banks, Madam / Dear Sir, Individual Housing loans – Revised limits under four-tiered regulatory framework Please refer to circular DOR.REG.No.84/07.01.000/2022-23 dated December 1, 2022, in terms of which UCBs have been categorised into four tiers for regulatory purposes. 2. In terms of the circular DOR.CRE.REC.42/09.22.010/2022-23 dated June 8, 2022, ceilings on housin
RBI/2022-23/159 DOR.CRE.REC.92/07.10.002/2022-23 December 30, 2022 All Primary (Urban) Co-operative Banks, Madam / Dear Sir, Individual Housing loans – Revised limits under four-tiered regulatory framework Please refer to circular DOR.REG.No.84/07.01.000/2022-23 dated December 1, 2022, in terms of which UCBs have been categorised into four tiers for regulatory purposes. 2. In terms of the circular DOR.CRE.REC.42/09.22.010/2022-23 dated June 8, 2022, ceilings on housin
Dec 26, 2022
Central Payments Fraud Information Registry - Migration of Reporting to DAKSH
RBI/2022-23/158 CO.DPSS.OVRST.No.S1619/06-08-005/2022-2023 December 26, 2022 The Chairman / Managing Director / Chief Executive Officer Banks, Non-bank Payment System Operators (PSOs) and Credit Card issuing Non-Banking Financial Companies (NBFCs) Madam / Dear Sir, Central Payments Fraud Information Registry – Migration of Reporting to DAKSH As announced in the Monetary Policy Statement 2019-20 on August 07, 2019, the Reserve Bank of India (RBI) had operationalised th
RBI/2022-23/158 CO.DPSS.OVRST.No.S1619/06-08-005/2022-2023 December 26, 2022 The Chairman / Managing Director / Chief Executive Officer Banks, Non-bank Payment System Operators (PSOs) and Credit Card issuing Non-Banking Financial Companies (NBFCs) Madam / Dear Sir, Central Payments Fraud Information Registry – Migration of Reporting to DAKSH As announced in the Monetary Policy Statement 2019-20 on August 07, 2019, the Reserve Bank of India (RBI) had operationalised th
Dec 20, 2022
Formation of new district in the State of Assam - Assignment of Lead Bank Responsibility
RBI/2022-23/157 FIDD.CO.LBS.BC.No.14/02.08.001/2022-23 December 20, 2022 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility The Government of Assam vide Gazette Notification No.GAG(B) 491/2019/107 dated January 12, 2021 had notified formation of a new district in the state of Assam. It has been decided to assign the lead bank respo
RBI/2022-23/157 FIDD.CO.LBS.BC.No.14/02.08.001/2022-23 December 20, 2022 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility The Government of Assam vide Gazette Notification No.GAG(B) 491/2019/107 dated January 12, 2021 had notified formation of a new district in the state of Assam. It has been decided to assign the lead bank respo
Dec 16, 2022
Sovereign Gold Bond (SGB) Scheme 2022-23
RBI/2022-23/156 IDMD.CDD.No.S2581/14.04.050/2022-23 December 16, 2022 Scheduled Commercial Banks (as per the list attached),Designated Post Offices (as per the list attached) Stock Holding Corporation of India Ltd.National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd.Clearing Corporation of India Ltd. Madam/Dear Sir, Sovereign Gold Bond (SGB) Scheme 2022-23 Government of India, vide its Notification No F.No4.(6)-B (W&M)/2022 dated December 15, 2022, has
RBI/2022-23/156 IDMD.CDD.No.S2581/14.04.050/2022-23 December 16, 2022 Scheduled Commercial Banks (as per the list attached),Designated Post Offices (as per the list attached) Stock Holding Corporation of India Ltd.National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd.Clearing Corporation of India Ltd. Madam/Dear Sir, Sovereign Gold Bond (SGB) Scheme 2022-23 Government of India, vide its Notification No F.No4.(6)-B (W&M)/2022 dated December 15, 2022, has
Dec 13, 2022
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of material items
RBI/2022-23/155 DOR.ACC.REC.No.91/21.04.018/2022-23 December 13, 2022 Madam/Sir, Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of material items Please refer to the notes and instructions for compilation of Balance Sheet and Profit and Loss Account, for commercial banks, as specified in Annexure II to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021 (hereinafter r
RBI/2022-23/155 DOR.ACC.REC.No.91/21.04.018/2022-23 December 13, 2022 Madam/Sir, Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of material items Please refer to the notes and instructions for compilation of Balance Sheet and Profit and Loss Account, for commercial banks, as specified in Annexure II to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021 (hereinafter r
Dec 13, 2022
Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
RBI/2022-23/154 DoR.FIN.REC.90/20.16.056/2022-23 December 13, 2022 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, SIDBI and NaBFID) All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies Madam/Dear Sir, Data Forma
RBI/2022-23/154 DoR.FIN.REC.90/20.16.056/2022-23 December 13, 2022 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, SIDBI and NaBFID) All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies Madam/Dear Sir, Data Forma
Dec 12, 2022
Master Direction - Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022
RBI/2022-23/153 A. P. (DIR Series) Circular No. 21 December 12, 2022 All Authorised Dealer Category – I Banks Madam / Sir, Master Direction – Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022 The Reserve Bank of India, in exercise of the powers conferred under Sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999), hereby issues the following Directions. 1. Short title
RBI/2022-23/153 A. P. (DIR Series) Circular No. 21 December 12, 2022 All Authorised Dealer Category – I Banks Madam / Sir, Master Direction – Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022 The Reserve Bank of India, in exercise of the powers conferred under Sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999), hereby issues the following Directions. 1. Short title
Dec 12, 2022
Hedging of Commodity Price Risk and Freight Risk in Overseas Markets
RBI/2022-23/152 A. P. (DIR Series) Circular No. 20 December 12, 2022 All Authorised Dealer Category – I Banks Madam / Sir, Hedging of Commodity Price Risk and Freight Risk in Overseas Markets Attention of Authorised Dealer Category - I (AD Cat-I) banks is invited to Regulation 6 and 6A of the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000), as amended from tim
RBI/2022-23/152 A. P. (DIR Series) Circular No. 20 December 12, 2022 All Authorised Dealer Category – I Banks Madam / Sir, Hedging of Commodity Price Risk and Freight Risk in Overseas Markets Attention of Authorised Dealer Category - I (AD Cat-I) banks is invited to Regulation 6 and 6A of the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000), as amended from tim
Dec 12, 2022
Hedging of Gold Price Risk in Overseas Markets
RBI/2022-23/151 A. P. (DIR Series) Circular No. 19 December 12, 2022 All Authorised Dealer Category – I Banks Madam / Sir, Hedging of Gold Price Risk in Overseas Markets Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary Policy Statement for 2022-23 dated December 07, 2022 regarding hedging of price risk of gold in overseas markets. Attention is also invited to the Hedging of Commodity P
RBI/2022-23/151 A. P. (DIR Series) Circular No. 19 December 12, 2022 All Authorised Dealer Category – I Banks Madam / Sir, Hedging of Gold Price Risk in Overseas Markets Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary Policy Statement for 2022-23 dated December 07, 2022 regarding hedging of price risk of gold in overseas markets. Attention is also invited to the Hedging of Commodity P
Dec 08, 2022
withdrawn
Review of SLR holdings in HTM category
RBI/2022-23/150DOR.MRG.REC.89/21.04.141/2022-23 December 8, 2022 Review of SLR holdings in HTM category Please refer to paragraph 1 of Statement on Development and Regulatory Policies of the Monetary Policy Statement, 2022-23 dated December 7, 2022 and Section 6(iv)(a) of Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 dated August 25, 2021. 2. At present, banks have been granted a special dispe
RBI/2022-23/150DOR.MRG.REC.89/21.04.141/2022-23 December 8, 2022 Review of SLR holdings in HTM category Please refer to paragraph 1 of Statement on Development and Regulatory Policies of the Monetary Policy Statement, 2022-23 dated December 7, 2022 and Section 6(iv)(a) of Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 dated August 25, 2021. 2. At present, banks have been granted a special dispe
Dec 07, 2022
Standing Liquidity Facility for Primary Dealers
RBI/2022-23/149 REF.No.MPD.BC.396/07.01.279/2022-23 December 07, 2022 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.90 per cent to 6.25 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided
RBI/2022-23/149 REF.No.MPD.BC.396/07.01.279/2022-23 December 07, 2022 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.90 per cent to 6.25 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided
Dec 07, 2022
Change in Bank Rate
RBI/2022-23/148 DOR.RET.REC.88/12.01.001/2022-23 December 07, 2022 Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.70/12.01.001/2022-23 dated September 30, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated December 07, 2022, the Bank Rate is revised upwards by 35 basis points from 6.15 per cent to 6.50 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, wh
RBI/2022-23/148 DOR.RET.REC.88/12.01.001/2022-23 December 07, 2022 Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.70/12.01.001/2022-23 dated September 30, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated December 07, 2022, the Bank Rate is revised upwards by 35 basis points from 6.15 per cent to 6.50 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, wh
Dec 07, 2022
Liquidity Adjustment Facility- Change in rates
RBI/2022-23/147 FMOD.MAOG.No.148/01.01.001/2022-23 December 07, 2022 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility- Change in rates As announced in the Monetary Policy Statement dated December 07, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.90 per cent to 6.25 per cent with immediate effect. 2. Co
RBI/2022-23/147 FMOD.MAOG.No.148/01.01.001/2022-23 December 07, 2022 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility- Change in rates As announced in the Monetary Policy Statement dated December 07, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.90 per cent to 6.25 per cent with immediate effect. 2. Co
Dec 01, 2022
Revised Regulatory Framework for Urban Co-operative Banks (UCBs) - Net Worth and Capital Adequacy
RBI/2022-23/146 DOR.CAP.REC.No.86/09.18.201/2022-23 December 1, 2022 Dear Sir/Madam, Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy Please refer to the Revised Regulatory Framework for Urban Co-operative Banks (UCBs) emanating from the recommendations of Expert Committee on Urban Co-operative Banks (Press Release: 2022-2023/561 dated July 19, 2022) and circular no. DOR.REG.No.84/07.01.000/2022-23 dated December 1, 202
RBI/2022-23/146 DOR.CAP.REC.No.86/09.18.201/2022-23 December 1, 2022 Dear Sir/Madam, Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy Please refer to the Revised Regulatory Framework for Urban Co-operative Banks (UCBs) emanating from the recommendations of Expert Committee on Urban Co-operative Banks (Press Release: 2022-2023/561 dated July 19, 2022) and circular no. DOR.REG.No.84/07.01.000/2022-23 dated December 1, 202
Dec 01, 2022
Operations of subsidiaries and branches of Indian banks and All India Financial Institutions (AIFIs) in foreign jurisdictions and in International Financial Services Centers (IFSCs) - Compliance with statutory/regulatory norms
RBI/2022-23/145 DOR.MRG.REC.87/00-00-020/2022-23 December 1, 2022 Operations of subsidiaries and branches of Indian banks and All India Financial Institutions (AIFIs) in foreign jurisdictions and in International Financial Services Centers (IFSCs) - Compliance with statutory/regulatory norms As you are aware, Reserve Bank had vide circular DBOD.No.BP.BC.89/21.04.141/2008-09 dated December 1, 2008 and circular DBOD.No.BP.BC.111/21.04.157/2013-14 dated May 12, 2014 issu
RBI/2022-23/145 DOR.MRG.REC.87/00-00-020/2022-23 December 1, 2022 Operations of subsidiaries and branches of Indian banks and All India Financial Institutions (AIFIs) in foreign jurisdictions and in International Financial Services Centers (IFSCs) - Compliance with statutory/regulatory norms As you are aware, Reserve Bank had vide circular DBOD.No.BP.BC.89/21.04.141/2008-09 dated December 1, 2008 and circular DBOD.No.BP.BC.111/21.04.157/2013-14 dated May 12, 2014 issu
Dec 01, 2022
Revised Regulatory Framework - Categorization of Urban Co-operative Banks (UCBs) for Regulatory Purposes
RBI/2022-23/144 DOR.REG.No.84/07.01.000/2022-23 December 01, 2022 Madam / Sir Revised Regulatory Framework - Categorization of Urban Co-operative Banks (UCBs) for Regulatory Purposes Given the heterogeneity in the cooperative sector, a tiered regulatory framework is required to balance the spirit of mutuality and co-operation more prevalent in banks of smaller sizes and those with limited area of operation vis-à-vis the growth ambitions of the large-sized UCBs to spre
RBI/2022-23/144 DOR.REG.No.84/07.01.000/2022-23 December 01, 2022 Madam / Sir Revised Regulatory Framework - Categorization of Urban Co-operative Banks (UCBs) for Regulatory Purposes Given the heterogeneity in the cooperative sector, a tiered regulatory framework is required to balance the spirit of mutuality and co-operation more prevalent in banks of smaller sizes and those with limited area of operation vis-à-vis the growth ambitions of the large-sized UCBs to spre
Dec 01, 2022
Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM)
RBI/2022-23/143 DOR.REG.No.85/07.01.000/2022-23 December 01, 2022 Madam / Sir Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM) In order to ensure a financially sound and stable co-operative sector, select UCBs are termed as Financially Sound and Well Managed (FSWM) subject to fulfillment of certain parameters. In this context, a reference is made to our circular DCBR.CO.LS (PCB) Cir.No.4/07.01.000/2014-
RBI/2022-23/143 DOR.REG.No.85/07.01.000/2022-23 December 01, 2022 Madam / Sir Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM) In order to ensure a financially sound and stable co-operative sector, select UCBs are termed as Financially Sound and Well Managed (FSWM) subject to fulfillment of certain parameters. In this context, a reference is made to our circular DCBR.CO.LS (PCB) Cir.No.4/07.01.000/2014-
Dec 01, 2022
Notification of Significant Benchmark
RBI/2022-23/142 FMRD.FMSD.06/03.07.25/2022-23 December 01, 2022 To All the Financial Benchmark Administrators Madam/Sir Notification of Significant Benchmark Please refer to the Financial Benchmark Administrators (Reserve Bank) Directions, 2019 (hereinafter referred to as ‘the Directions’), dated June 26, 2019 and RBI circular dated January 01, 2020, notifying six financial benchmarks administered by Financial Benchmarks India Pvt. Ltd. (FBIL) as ‘significant benchmar
RBI/2022-23/142 FMRD.FMSD.06/03.07.25/2022-23 December 01, 2022 To All the Financial Benchmark Administrators Madam/Sir Notification of Significant Benchmark Please refer to the Financial Benchmark Administrators (Reserve Bank) Directions, 2019 (hereinafter referred to as ‘the Directions’), dated June 26, 2019 and RBI circular dated January 01, 2020, notifying six financial benchmarks administered by Financial Benchmarks India Pvt. Ltd. (FBIL) as ‘significant benchmar
Nov 23, 2022
Basel III Framework on Liquidity Standards - Standing Deposit Facility
RBI/2022-23/141 DOR.LRG.REC.83/03.10.001/2022-23 November 23, 2022 Madam/Dear Sir, Basel III Framework on Liquidity Standards – Standing Deposit Facility Please refer to circular DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 09, 2014 on ‘Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards’ and the Press Release 2022-2023/41 dated April 08, 2022 on operationalising of Standing Deposi
RBI/2022-23/141 DOR.LRG.REC.83/03.10.001/2022-23 November 23, 2022 Madam/Dear Sir, Basel III Framework on Liquidity Standards – Standing Deposit Facility Please refer to circular DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 09, 2014 on ‘Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards’ and the Press Release 2022-2023/41 dated April 08, 2022 on operationalising of Standing Deposi
Nov 23, 2022
Inclusion of Goods and Service Tax Network (GSTN) as a Financial Information Provider under Account Aggregator Framework
RBI/2022-23/140 DoR.FIN.REC.82/03.10.123/2022-23 November 23, 2022 To All Regulated Entities of the Bank Madam/Dear Sir, Inclusion of Goods and Service Tax Network (GSTN) as a Financial Information Provider under Account Aggregator Framework Please refer to the Master Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 dated September 02, 2016. 2. With a view to facilitate cash flow-based lending to MSMEs, it has been decided
RBI/2022-23/140 DoR.FIN.REC.82/03.10.123/2022-23 November 23, 2022 To All Regulated Entities of the Bank Madam/Dear Sir, Inclusion of Goods and Service Tax Network (GSTN) as a Financial Information Provider under Account Aggregator Framework Please refer to the Master Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 dated September 02, 2016. 2. With a view to facilitate cash flow-based lending to MSMEs, it has been decided
Nov 23, 2022
Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial years 2022-23 and 2023-24
RBI/2022-23/139 FIDD.CO.FSD.BC.No.13/05.02.001/2022-23 November 23, 2022 The Chairman/Managing Director/Chief Executive Officer All Public Sector Banks, Private Sector Banks and Small Finance Banks Madam/Dear Sir, Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial years 2022-23 and 2023-24 Please refer to our circular FIDD.CO.FSD.BC.No.3/05.02.001/2022-23 dated Apr
RBI/2022-23/139 FIDD.CO.FSD.BC.No.13/05.02.001/2022-23 November 23, 2022 The Chairman/Managing Director/Chief Executive Officer All Public Sector Banks, Private Sector Banks and Small Finance Banks Madam/Dear Sir, Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial years 2022-23 and 2023-24 Please refer to our circular FIDD.CO.FSD.BC.No.3/05.02.001/2022-23 dated Apr
Nov 17, 2022
Formation of new districts in the State of Nagaland - Assignment of Lead Bank Responsibility
RBI/2022-23/138 FIDD.CO.LBS.BC.No.12/02.08.001/2022-23 November 17, 2022 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new districts in the State of Nagaland – Assignment of Lead Bank Responsibility The Government of Nagaland has notified formation of four new districts in the state of Nagaland vide Gazette Notifications No. NO.GAB-I/COM/DIST.ADMIN/2019 (Pt-1)/116, 117 and 118, all dated December 20,
RBI/2022-23/138 FIDD.CO.LBS.BC.No.12/02.08.001/2022-23 November 17, 2022 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new districts in the State of Nagaland – Assignment of Lead Bank Responsibility The Government of Nagaland has notified formation of four new districts in the state of Nagaland vide Gazette Notifications No. NO.GAB-I/COM/DIST.ADMIN/2019 (Pt-1)/116, 117 and 118, all dated December 20,
Nov 17, 2022
Exim Bank’s GoI supported Line of Credit of USD 300 Mn to the SBM (Mauritius) Infrastructure Development Company Ltd. for Construction of Phase-IV of the Mauritius Metro Express Project in Mauritius
RBI/2022-2023/137 A.P. (DIR Series) Circular No.18 November 17, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s GoI supported Line of Credit of USD 300 Mn to the SBM (Mauritius) Infrastructure Development Company Ltd. for Construction of Phase-IV of the Mauritius Metro Express Project in Mauritius Export-Import Bank of India (Exim Bank) has entered into an agreement dated October 17, 2022 with the SBM (Mauritius) Infrastructure Development Company
RBI/2022-2023/137 A.P. (DIR Series) Circular No.18 November 17, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s GoI supported Line of Credit of USD 300 Mn to the SBM (Mauritius) Infrastructure Development Company Ltd. for Construction of Phase-IV of the Mauritius Metro Express Project in Mauritius Export-Import Bank of India (Exim Bank) has entered into an agreement dated October 17, 2022 with the SBM (Mauritius) Infrastructure Development Company
Nov 14, 2022
Agency Commission for Direct Tax collection under TIN 2.0 regime
RBI/2022-23/136 CO.DGBA.GBD.No.S957/43-33-005/2022-2023 November 14, 2022 All Agency banks (authorised to collect direct taxes) Madam / Dear Sir Agency Commission for Direct Tax collection under TIN 2.0 regime Please refer to Para 21 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated April 1, 2022 related to claiming of agency commission. 2. After implementation of TIN 2.0 regime for collection of direct taxes
RBI/2022-23/136 CO.DGBA.GBD.No.S957/43-33-005/2022-2023 November 14, 2022 All Agency banks (authorised to collect direct taxes) Madam / Dear Sir Agency Commission for Direct Tax collection under TIN 2.0 regime Please refer to Para 21 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated April 1, 2022 related to claiming of agency commission. 2. After implementation of TIN 2.0 regime for collection of direct taxes
Nov 01, 2022
Eligibility Criteria for offering Internet Banking Facility by Regional Rural Banks, 2022
RBI/2022-23/135 DoR.AUT.REC.81/24.01.001/2022-23 November 01, 2022 Madam / Sir, Eligibility Criteria for offering Internet Banking Facility by Regional Rural Banks, 2022 In exercise of the powers conferred by Sections 35A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby, amends the instructions issued vide circular DBR.RRB.BC.No.59/31.01.001/2015-16 dated November
RBI/2022-23/135 DoR.AUT.REC.81/24.01.001/2022-23 November 01, 2022 Madam / Sir, Eligibility Criteria for offering Internet Banking Facility by Regional Rural Banks, 2022 In exercise of the powers conferred by Sections 35A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby, amends the instructions issued vide circular DBR.RRB.BC.No.59/31.01.001/2015-16 dated November
Oct 27, 2022
Designation of 10 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg.
RBI/2022-23/134 DOR.AML.REC.80/14.06.001/2022-23 October 27, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Designation of 10 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The procedure laid down in the UA
RBI/2022-23/134 DOR.AML.REC.80/14.06.001/2022-23 October 27, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Designation of 10 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The procedure laid down in the UA
Oct 20, 2022
Exim Bank’s Short-Term Line of Credit (STLoC) of EUR 100 million to the Banco Exterior de Cuba for purchase of rice from India
RBI/2022-2023/133 A.P. (DIR Series) Circular No.17 October 20, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s Short-Term Line of Credit (STLoC) of EUR 100 million to the Banco Exterior de Cuba for purchase of rice from India Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 23, 2022 with the Banco Exterior de Cuba- an agency nominated by the Government of Republic of Cuba for making available to the latter, Short Ter
RBI/2022-2023/133 A.P. (DIR Series) Circular No.17 October 20, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s Short-Term Line of Credit (STLoC) of EUR 100 million to the Banco Exterior de Cuba for purchase of rice from India Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 23, 2022 with the Banco Exterior de Cuba- an agency nominated by the Government of Republic of Cuba for making available to the latter, Short Ter
Oct 13, 2022
Claims Received from the National Credit Guarantee Trustee Company Ltd (NCGTC) - Classification for the Purpose of Maintenance of Cash Reserve Ratio (CRR)/Statutory Liquidity Ratio (SLR)
RBI/2022-23/132 DOR.RET.REC.79/12.01.001/2022-23 October 13, 2022 All Scheduled Commercial Banks (including Regional Rural Banks) Local Area Banks, Small Finance Banks, Payments Banks Primary (Urban) Co-operative Banks (UCBs) State and Central Co-operative Banks (StCBs/CCBs) Madam/Dear Sir, Claims Received from the National Credit Guarantee Trustee Company Ltd (NCGTC) - Classification for the Purpose of Maintenance of Cash Reserve Ratio (CRR)/Statutory Liquidity Ratio
RBI/2022-23/132 DOR.RET.REC.79/12.01.001/2022-23 October 13, 2022 All Scheduled Commercial Banks (including Regional Rural Banks) Local Area Banks, Small Finance Banks, Payments Banks Primary (Urban) Co-operative Banks (UCBs) State and Central Co-operative Banks (StCBs/CCBs) Madam/Dear Sir, Claims Received from the National Credit Guarantee Trustee Company Ltd (NCGTC) - Classification for the Purpose of Maintenance of Cash Reserve Ratio (CRR)/Statutory Liquidity Ratio
Oct 11, 2022
Diversification of activities by SPDs - Review of permissible non-core activities - Prudential regulations and other instructions
RBI/2022-23/127 DOR.FIN.REC.No.73/03.10.117/2022-23 October 11, 2022 All Standalone Primary Dealers (SPDs) Dear Sir/ Madam, Diversification of activities by SPDs – Review of permissible non-core activities – Prudential regulations and other instructions Please refer to the circular DOR.FIN.REC.No.72/03.10.117/2022-23 dated October 11, 2022 allowing SPDs to undertake foreign exchange activities as part of their non-core activities. In this connection, SPDs shall adhere
RBI/2022-23/127 DOR.FIN.REC.No.73/03.10.117/2022-23 October 11, 2022 All Standalone Primary Dealers (SPDs) Dear Sir/ Madam, Diversification of activities by SPDs – Review of permissible non-core activities – Prudential regulations and other instructions Please refer to the circular DOR.FIN.REC.No.72/03.10.117/2022-23 dated October 11, 2022 allowing SPDs to undertake foreign exchange activities as part of their non-core activities. In this connection, SPDs shall adhere
Oct 11, 2022
Diversification of activities by SPDs - Review of permissible non-core activities
RBI/2022-23/126 DOR.FIN.REC.No.72/03.10.117/2022-23 October 11, 2022 All Standalone Primary Dealers (SPDs) Dear Sir/ Madam, Diversification of activities by SPDs – Review of permissible non-core activities A reference is invited to circular DNBR (PD) CC.No.094/03.10.001/2018-19 dated July 27, 2018 in terms of which SPDs, as part of their non-core activities, are permitted to offer foreign exchange products, as allowed from time to time, to their Foreign Portfolio Inve
RBI/2022-23/126 DOR.FIN.REC.No.72/03.10.117/2022-23 October 11, 2022 All Standalone Primary Dealers (SPDs) Dear Sir/ Madam, Diversification of activities by SPDs – Review of permissible non-core activities A reference is invited to circular DNBR (PD) CC.No.094/03.10.001/2018-19 dated July 27, 2018 in terms of which SPDs, as part of their non-core activities, are permitted to offer foreign exchange products, as allowed from time to time, to their Foreign Portfolio Inve
Oct 11, 2022
Multiple NBFCs in a Group: Classification in Middle Layer
RBI/2022-23/129 DOR.CRE.REC.No.78/03.10.001/2022-23 October 11, 2022 All Non-Banking Financial Companies Madam / Dear Sir, Multiple NBFCs in a Group: Classification in Middle Layer Please refer to para 1 of the Annex to the Circular on “Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs” issued on October 22, 2021 delineating the four layered regulatory structure for NBFCs under Scale Based Regulatory Framework. 2. As per para 16 of the Master Dire
RBI/2022-23/129 DOR.CRE.REC.No.78/03.10.001/2022-23 October 11, 2022 All Non-Banking Financial Companies Madam / Dear Sir, Multiple NBFCs in a Group: Classification in Middle Layer Please refer to para 1 of the Annex to the Circular on “Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs” issued on October 22, 2021 delineating the four layered regulatory structure for NBFCs under Scale Based Regulatory Framework. 2. As per para 16 of the Master Dire
Oct 11, 2022
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of Divergence in Asset Classification and Provisioning
RBI/2022-23/130 DOR.ACC.REC.No.74/21.04.018/2022-23 October 11, 2022 Madam / Dear Sir, Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of Divergence in Asset Classification and Provisioning In terms of paragraph C.4(e) of Annexure III to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021, commercial banks (excluding Regional Rural Banks (RRBs)) are required to disclos
RBI/2022-23/130 DOR.ACC.REC.No.74/21.04.018/2022-23 October 11, 2022 Madam / Dear Sir, Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of Divergence in Asset Classification and Provisioning In terms of paragraph C.4(e) of Annexure III to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021, commercial banks (excluding Regional Rural Banks (RRBs)) are required to disclos
Oct 11, 2022
Reserve Bank of India (Unhedged Foreign Currency Exposure) Directions, 2022
RBI/2022-23/131 DOR.MRG.REC.76/00-00-007/2022-23 October 11, 2022 Dear Sir / Madam, Reserve Bank of India (Unhedged Foreign Currency Exposure) Directions, 2022 The Reserve Bank of India has, from time to time, issued several guidelines / instructions / directives to the banks on Unhedged Foreign Currency Exposure (UFCE) of the entities which have borrowed from banks. 2. We have received references from banks seeking clarification on various aspects including inter-ali
RBI/2022-23/131 DOR.MRG.REC.76/00-00-007/2022-23 October 11, 2022 Dear Sir / Madam, Reserve Bank of India (Unhedged Foreign Currency Exposure) Directions, 2022 The Reserve Bank of India has, from time to time, issued several guidelines / instructions / directives to the banks on Unhedged Foreign Currency Exposure (UFCE) of the entities which have borrowed from banks. 2. We have received references from banks seeking clarification on various aspects including inter-ali
Oct 11, 2022
Review of Regulatory Framework for Asset Reconstruction Companies (ARCs)
RBI/2022-23/128 DoR.SIG.FIN.REC.75/26.03.001/2022-23 October 11, 2022 All Asset Reconstruction Companies Dear Sir/ Madam, Review of Regulatory Framework for Asset Reconstruction Companies (ARCs) ARCs play a vital role in the management of distressed financial assets of banks and financial institutions. Considering their critical role, a need was felt to review their functioning and operating framework. Accordingly, as part of the Statement on Developmental and Regulat
RBI/2022-23/128 DoR.SIG.FIN.REC.75/26.03.001/2022-23 October 11, 2022 All Asset Reconstruction Companies Dear Sir/ Madam, Review of Regulatory Framework for Asset Reconstruction Companies (ARCs) ARCs play a vital role in the management of distressed financial assets of banks and financial institutions. Considering their critical role, a need was felt to review their functioning and operating framework. Accordingly, as part of the Statement on Developmental and Regulat
Oct 10, 2022
Review of Prudential Norms - Risk Weights for Exposures to Corporates and NBFCs
RBI/2022-23/125 DOR.STR.REC.71/21.06.201/2022-23 October 10, 2022 All Scheduled Commercial Banks (including Small Finance Banks) (Excluding Local Area Banks, Regional Rural Banks and Payments Banks) Madam/Dear Sir, Review of Prudential Norms – Risk Weights for Exposures to Corporates and NBFCs Please refer to paragraph 6.8.1 (i) of Master Circular on Basel III capital regulations dated April 1, 2022 in terms of which banks are permitted to derive risk weights for thei
RBI/2022-23/125 DOR.STR.REC.71/21.06.201/2022-23 October 10, 2022 All Scheduled Commercial Banks (including Small Finance Banks) (Excluding Local Area Banks, Regional Rural Banks and Payments Banks) Madam/Dear Sir, Review of Prudential Norms – Risk Weights for Exposures to Corporates and NBFCs Please refer to paragraph 6.8.1 (i) of Master Circular on Basel III capital regulations dated April 1, 2022 in terms of which banks are permitted to derive risk weights for thei
Oct 06, 2022
Appointment of Internal Ombudsman by the Credit Information Companies
RBI/2022-23/124 CEPD.PRD.No.S806/13-01-008/2022-23 October 6, 2022 All Credit Information Companies Madam/ Sir, Appointment of Internal Ombudsman by the Credit Information Companies Please refer to paragraph 2 of the Statement on Developmental and Regulatory Policies dated August 5, 2022, wherein the decision to bring Credit Information Companies (CICs) under the Internal Ombudsman (IO) Framework was announced with a view to strengthen and improve the efficiency of th
RBI/2022-23/124 CEPD.PRD.No.S806/13-01-008/2022-23 October 6, 2022 All Credit Information Companies Madam/ Sir, Appointment of Internal Ombudsman by the Credit Information Companies Please refer to paragraph 2 of the Statement on Developmental and Regulatory Policies dated August 5, 2022, wherein the decision to bring Credit Information Companies (CICs) under the Internal Ombudsman (IO) Framework was announced with a view to strengthen and improve the efficiency of th
Sep 30, 2022
Change in Bank Rate
RBI/2022-23/123 DOR.RET.REC.70/12.01.001/2022-23 September 30, 2022 Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.59/12.01.001/2022-23 dated August 05, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated September 30, 2022, the Bank Rate is revised upwards by 50 basis points from 5.65 per cent to 6.15 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, whi
RBI/2022-23/123 DOR.RET.REC.70/12.01.001/2022-23 September 30, 2022 Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.59/12.01.001/2022-23 dated August 05, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated September 30, 2022, the Bank Rate is revised upwards by 50 basis points from 5.65 per cent to 6.15 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, whi
Sep 30, 2022
Late Submission Fee for reporting delays under Foreign Exchange Management Act, 1999 (FEMA)
RBI/2022-23/122 A.P. (DIR Series) Circular No. 16 September 30, 2022 ToAll Category-I Authorised Dealer Banks Madam / Sir Late Submission Fee for reporting delays under Foreign Exchange Management Act, 1999 (FEMA) The Late Submission Fee (LSF) was introduced for reporting delays in Foreign Investment (FI), External Commercial Borrowings (ECBs) and Overseas Investment related transactions with effect from November 07, 2017, January 16, 2019 and August 22, 2022 respecti
RBI/2022-23/122 A.P. (DIR Series) Circular No. 16 September 30, 2022 ToAll Category-I Authorised Dealer Banks Madam / Sir Late Submission Fee for reporting delays under Foreign Exchange Management Act, 1999 (FEMA) The Late Submission Fee (LSF) was introduced for reporting delays in Foreign Investment (FI), External Commercial Borrowings (ECBs) and Overseas Investment related transactions with effect from November 07, 2017, January 16, 2019 and August 22, 2022 respecti
Sep 30, 2022
Standing Liquidity Facility for Primary Dealers
RBI/2022-23/121 REF.No.MPD.BC.395/07.01.279/2022-23 September 30, 2022 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 5.40 per cent to 5.90 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provide
RBI/2022-23/121 REF.No.MPD.BC.395/07.01.279/2022-23 September 30, 2022 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 5.40 per cent to 5.90 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provide
Sep 30, 2022
Liquidity Adjustment Facility- Change in rates
RBI/2022-2023/120 FMOD.MAOG.No.147/01.01.001/2022-23 September 30, 2022 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility- Change in rates As announced in the Monetary Policy Statement dated September 30, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 5.40 per cent to 5.90 per cent with immediate effect. 2
RBI/2022-2023/120 FMOD.MAOG.No.147/01.01.001/2022-23 September 30, 2022 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility- Change in rates As announced in the Monetary Policy Statement dated September 30, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 5.40 per cent to 5.90 per cent with immediate effect. 2
Sep 19, 2022
United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 02 existing entries on its Sanctions List
RBI/2022-2023/119 DOR.AML.REC.69/14.06.001/2022-23 September 19, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 02 existing entries on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Securi
RBI/2022-2023/119 DOR.AML.REC.69/14.06.001/2022-23 September 19, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 02 existing entries on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Securi
Sep 19, 2022
Compliance Function and Role of Chief Compliance Officer (CCO)- Urban Co-operative Banks
RBI/2022-2023/118 Ref.No.DoS.CO.PPG/SEC.04/11.01.005/2022-23 September 19, 2022 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks (UCBs) Madam / Dear Sir, Compliance Function and Role of Chief Compliance Officer (CCO)- Urban Co-operative Banks As part of the overall structure for Corporate Governance, the Compliance Function serves a critical role. Therefore, it has been decided to introduce certain principles, standards
RBI/2022-2023/118 Ref.No.DoS.CO.PPG/SEC.04/11.01.005/2022-23 September 19, 2022 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks (UCBs) Madam / Dear Sir, Compliance Function and Role of Chief Compliance Officer (CCO)- Urban Co-operative Banks As part of the overall structure for Corporate Governance, the Compliance Function serves a critical role. Therefore, it has been decided to introduce certain principles, standards
Sep 16, 2022
Master Directions on Interest Rate on Deposits
RBI/2022-2023/117 DOR.SOG (SPE).REC.No 68/13.03.00/2022-23 September 16, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)All Small Finance BanksAll Payment BanksAll Local Area BanksAll Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Sir / Madam, Master Directions on Interest Rate on Deposits Please refer to the instructions on the Foreign Currency (Non-resident) Accounts (Banks) Scheme contained in Section 19 (h) of the Master Di
RBI/2022-2023/117 DOR.SOG (SPE).REC.No 68/13.03.00/2022-23 September 16, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)All Small Finance BanksAll Payment BanksAll Local Area BanksAll Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Sir / Madam, Master Directions on Interest Rate on Deposits Please refer to the instructions on the Foreign Currency (Non-resident) Accounts (Banks) Scheme contained in Section 19 (h) of the Master Di
Sep 15, 2022
Exim Bank’s GOI-supported Line of Credit of USD 448 million to the Government of Republic of Uzbekistan for Social Infrastructure and Other Development Projects
RBI/2022-2023/116 A.P. (DIR Series) Circular No.15 September 15, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s GOI-supported Line of Credit of USD 448 million to the Government of Republic of Uzbekistan for Social Infrastructure and Other Development Projects Export-Import Bank of India (Exim Bank) has entered into an agreement dated December 10, 2020 with the Government of Republic of Uzbekistan, for making available to the latter, Government of
RBI/2022-2023/116 A.P. (DIR Series) Circular No.15 September 15, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s GOI-supported Line of Credit of USD 448 million to the Government of Republic of Uzbekistan for Social Infrastructure and Other Development Projects Export-Import Bank of India (Exim Bank) has entered into an agreement dated December 10, 2020 with the Government of Republic of Uzbekistan, for making available to the latter, Government of
Sep 15, 2022
Rupee Drawing Arrangement - Enabling Bharat Bill Payment System (BBPS) to process cross-border inbound Bill Payments
RBI/2022-23/115 A.P. (DIR Series) Circular No. 14 September 15, 2022 To All Category-I Authorised Dealer Banks Madam/Sir, Rupee Drawing Arrangement - Enabling Bharat Bill Payment System (BBPS) to process cross-border inbound Bill Payments Please refer to A.P. (DIR Series) Circular No. 120 dated April 10, 2014 on ‘Rupee Drawing Arrangement – Direct to Account Facility’, in terms of which, foreign inward remittances received under Rupee Drawing Arrangement (RDA) can be
RBI/2022-23/115 A.P. (DIR Series) Circular No. 14 September 15, 2022 To All Category-I Authorised Dealer Banks Madam/Sir, Rupee Drawing Arrangement - Enabling Bharat Bill Payment System (BBPS) to process cross-border inbound Bill Payments Please refer to A.P. (DIR Series) Circular No. 120 dated April 10, 2014 on ‘Rupee Drawing Arrangement – Direct to Account Facility’, in terms of which, foreign inward remittances received under Rupee Drawing Arrangement (RDA) can be
Sep 08, 2022
Exim Bank's Government of India supported Line of Credit (LoC) of USD 108.28 million to the Government of the Kingdom of Eswatini (Swaziland) for the purpose of financing construction of new Parliament Building in Eswatini
RBI/2022-2023/114 A.P. (DIR Series) Circular No.13 September 08, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 108.28 million to the Government of the Kingdom of Eswatini (Swaziland) for the purpose of financing construction of new Parliament Building in Eswatini Export-Import Bank of India (Exim Bank) has entered into an agreement with the Government of the Kingdom of Eswatini (Swaziland)
RBI/2022-2023/114 A.P. (DIR Series) Circular No.13 September 08, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 108.28 million to the Government of the Kingdom of Eswatini (Swaziland) for the purpose of financing construction of new Parliament Building in Eswatini Export-Import Bank of India (Exim Bank) has entered into an agreement with the Government of the Kingdom of Eswatini (Swaziland)
Sep 07, 2022
Review of Prudential Norms - Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS)
RBI/2022-23/113 DOR.STR.REC.67/21.06.201/2022-23 September 07, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)All Primary (Urban) Co-operative BanksAll Non-Banking Financial Companies (including Housing Finance Companies)All All-India Financial Institutions Dear Sir/Madam, Review of Prudential Norms – Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS) Please refer to paragraph 5.2 of the Master Circular on Basel III Capital Re
RBI/2022-23/113 DOR.STR.REC.67/21.06.201/2022-23 September 07, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)All Primary (Urban) Co-operative BanksAll Non-Banking Financial Companies (including Housing Finance Companies)All All-India Financial Institutions Dear Sir/Madam, Review of Prudential Norms – Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS) Please refer to paragraph 5.2 of the Master Circular on Basel III Capital Re
Sep 06, 2022
Incentive for improving service to non-chest branches
RBI/2022-23/112 DCM (NPD) No.S770/09.40.002/2022-23 September 06, 2022 The Chairman & Managing Director Managing Director/ Chief Executive Officer All Banks having Currency Chests Madam/ Sir, Incentive for improving service to non-chest branches Please refer to circulars RBI/ 2015-16/ 293 DCM (NPD) No. 2564/ 09.40.02/ 2015-16 dated January 21, 2016 and DCM (Plg.) No 2845/ 10.25.007/2018-19 dated May 23, 2019 on the captioned subject. 2. We have been receiving quer
RBI/2022-23/112 DCM (NPD) No.S770/09.40.002/2022-23 September 06, 2022 The Chairman & Managing Director Managing Director/ Chief Executive Officer All Banks having Currency Chests Madam/ Sir, Incentive for improving service to non-chest branches Please refer to circulars RBI/ 2015-16/ 293 DCM (NPD) No. 2564/ 09.40.02/ 2015-16 dated January 21, 2016 and DCM (Plg.) No 2845/ 10.25.007/2018-19 dated May 23, 2019 on the captioned subject. 2. We have been receiving quer
Sep 02, 2022
Guidelines on Digital Lending
RBI/2022-23/111 DOR.CRE.REC.66/21.07.001/2022-23 September 02, 2022 All Commercial Banks, Primary (Urban) Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks; and Non-Banking Financial Companies (including Housing Finance Companies) Madam/ Sir, Guidelines on Digital Lending A reference is invited to para 7 of the RBI Press Release “Recommendations of the Working Group on Digital Lending – Implementation” dated August 10, 2022. Detailed gu
RBI/2022-23/111 DOR.CRE.REC.66/21.07.001/2022-23 September 02, 2022 All Commercial Banks, Primary (Urban) Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks; and Non-Banking Financial Companies (including Housing Finance Companies) Madam/ Sir, Guidelines on Digital Lending A reference is invited to para 7 of the RBI Press Release “Recommendations of the Working Group on Digital Lending – Implementation” dated August 10, 2022. Detailed gu
Aug 22, 2022
Foreign Exchange Management (Overseas Investment) Regulations, 2022
RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 No. FEMA 400/2022-RB August 22, 2022 Foreign Exchange Management (Overseas Investment) Regulations, 2022 In exercise of the powers conferred by sub-section (1) and clause (a) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following regulations, namely:– 1. Short title and commencement.– (1) These regulations m
RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 No. FEMA 400/2022-RB August 22, 2022 Foreign Exchange Management (Overseas Investment) Regulations, 2022 In exercise of the powers conferred by sub-section (1) and clause (a) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following regulations, namely:– 1. Short title and commencement.– (1) These regulations m
Aug 22, 2022
Section 23 of the Banking Regulation Act, 1949 - Branch Authorisation Policy - Left Wing Extremism affected districts - Revised List
RBI/2022-23/109 DOR.AUT.REC.62/22.01.001/2022-23 August 22, 2022 All Domestic Scheduled Commercial Banks (excluding Regional Rural Banks, Payments Banks and Local Area Banks) Madam/Dear Sir, Section 23 of the Banking Regulation Act, 1949 – Branch Authorisation Policy – Left Wing Extremism affected districts – Revised List Please refer to our circular on ‘Rationalisation of Branch Authorisation Policy-Revision of Guidelines’ DBR.No.BAPD.BC.69/22.01.001/2016-17 dated Ma
RBI/2022-23/109 DOR.AUT.REC.62/22.01.001/2022-23 August 22, 2022 All Domestic Scheduled Commercial Banks (excluding Regional Rural Banks, Payments Banks and Local Area Banks) Madam/Dear Sir, Section 23 of the Banking Regulation Act, 1949 – Branch Authorisation Policy – Left Wing Extremism affected districts – Revised List Please refer to our circular on ‘Rationalisation of Branch Authorisation Policy-Revision of Guidelines’ DBR.No.BAPD.BC.69/22.01.001/2016-17 dated Ma
Aug 12, 2022
Outsourcing of Financial Services - Responsibilities of regulated entities employing Recovery Agents
RBI/2022-23/108 DOR.ORG.REC.65/21.04.158/2022-23 August 12, 2022 Madam/ Sir, Outsourcing of Financial Services - Responsibilities of regulated entities employing Recovery Agents The Reserve Bank of India has from time to time advised regulated entities (REs) that the ultimate responsibility for their outsourced activities vests with them and they are, therefore, responsible for the actions of their service providers including Recovery Agents (hereafter referred to as
RBI/2022-23/108 DOR.ORG.REC.65/21.04.158/2022-23 August 12, 2022 Madam/ Sir, Outsourcing of Financial Services - Responsibilities of regulated entities employing Recovery Agents The Reserve Bank of India has from time to time advised regulated entities (REs) that the ultimate responsibility for their outsourced activities vests with them and they are, therefore, responsible for the actions of their service providers including Recovery Agents (hereafter referred to as
Aug 11, 2022
Bilateral Netting of Qualified Financial Contracts - Amendments to Prudential Guidelines
RBI/2022-23/107 DOR.MRG.REC.64/00-00-005/2022-23 August 11, 2022 Dear Sir / Madam, Bilateral Netting of Qualified Financial Contracts - Amendments to Prudential Guidelines Please refer to the circular DOR.CAP.51/21.06.201/2020-21 dated March 30, 2021 and circular DOR.CAP.REC.No.97/21.06.201/2021-22 dated March 31, 2022 on the captioned subject. 2. At present, while computing capital requirements for counterparty credit risk, the following exposures, wherever allowed t
RBI/2022-23/107 DOR.MRG.REC.64/00-00-005/2022-23 August 11, 2022 Dear Sir / Madam, Bilateral Netting of Qualified Financial Contracts - Amendments to Prudential Guidelines Please refer to the circular DOR.CAP.51/21.06.201/2020-21 dated March 30, 2021 and circular DOR.CAP.REC.No.97/21.06.201/2021-22 dated March 31, 2022 on the captioned subject. 2. At present, while computing capital requirements for counterparty credit risk, the following exposures, wherever allowed t
Aug 11, 2022
Section 23 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Opening of new place of business by District Central Co-operative Banks (DCCBs)
RBI/2022-23/106 DOR.REG.No.63/19.51.052/2022-23 August 11, 2022 All District Central Co-operative Banks Madam/Sir, Section 23 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Opening of new place of business by District Central Co-operative Banks (DCCBs) Pursuant to the amendment to the Banking Regulation Act (No.39 of 2020) dated September 29, 2020, District Central Co-operative Banks (DCCBs) are permitted to open new place of business/
RBI/2022-23/106 DOR.REG.No.63/19.51.052/2022-23 August 11, 2022 All District Central Co-operative Banks Madam/Sir, Section 23 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Opening of new place of business by District Central Co-operative Banks (DCCBs) Pursuant to the amendment to the Banking Regulation Act (No.39 of 2020) dated September 29, 2020, District Central Co-operative Banks (DCCBs) are permitted to open new place of business/
Aug 08, 2022
Rupee Interest Rate Derivatives (Reserve Bank) Directions - Review
RBI/2022-23/105FMRD.DIRD.05/14.03.046/2022-23 August 08, 2022 To, All Eligible Market Participants Madam / Sir, Rupee Interest Rate Derivatives (Reserve Bank) Directions - Review Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policies, issued as a part of the Bi-monthly Monetary Policy Statement for 2022-23 dated August 05, 2022 regarding permitting stand-alone primary dealers (SPDs) in India to deal in Foreign Currency Settled Overnight
RBI/2022-23/105FMRD.DIRD.05/14.03.046/2022-23 August 08, 2022 To, All Eligible Market Participants Madam / Sir, Rupee Interest Rate Derivatives (Reserve Bank) Directions - Review Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policies, issued as a part of the Bi-monthly Monetary Policy Statement for 2022-23 dated August 05, 2022 regarding permitting stand-alone primary dealers (SPDs) in India to deal in Foreign Currency Settled Overnight
Aug 08, 2022
Authorised Dealer Category-I License eligibility for Small Finance Banks
RBI/2022-23/104 DOR.LIC.REC.60/16.13.218/2022-23 August 8, 2022 Managing Director and Chief Executive Officers of Small Finance Banks Madam/ Dear Sir, Authorised Dealer Category-I License eligibility for Small Finance Banks Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 and the ‘Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector’ released by Reserve Bank on December 5, 2019. 2. In
RBI/2022-23/104 DOR.LIC.REC.60/16.13.218/2022-23 August 8, 2022 Managing Director and Chief Executive Officers of Small Finance Banks Madam/ Dear Sir, Authorised Dealer Category-I License eligibility for Small Finance Banks Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 and the ‘Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector’ released by Reserve Bank on December 5, 2019. 2. In
Aug 05, 2022
Change in Bank Rate
RBI/2022-23/103 DOR.RET.REC.59/12.01.001/2022-23 August 05, 2022 All Banks Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.44/12.01.001/2022-23 dated June 08, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated August 05, 2022, the Bank Rate is revised upwards by 50 basis points from 5.15 per cent to 5.65 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, w
RBI/2022-23/103 DOR.RET.REC.59/12.01.001/2022-23 August 05, 2022 All Banks Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.44/12.01.001/2022-23 dated June 08, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated August 05, 2022, the Bank Rate is revised upwards by 50 basis points from 5.15 per cent to 5.65 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, w
Aug 05, 2022
Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021)
EXECUTIVE DIRECTOR Reserve Bank of India Mumbai Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021) NOTIFICATION Ref.CEPD.PRD.No.S544/13.01.001/2022-23 August 5, 2022 In exercise of the powers conferred by sub section (1) of Section 11 of the Credit Information Companies (Regulation) Act, 2005, and in partial modification of its notification CEPD. PRD. No. S873/13.01.001/2021-22 dated November 12, 2021, the Reserve Bank of India, being satisfied that it is
EXECUTIVE DIRECTOR Reserve Bank of India Mumbai Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021) NOTIFICATION Ref.CEPD.PRD.No.S544/13.01.001/2022-23 August 5, 2022 In exercise of the powers conferred by sub section (1) of Section 11 of the Credit Information Companies (Regulation) Act, 2005, and in partial modification of its notification CEPD. PRD. No. S873/13.01.001/2021-22 dated November 12, 2021, the Reserve Bank of India, being satisfied that it is
Aug 05, 2022
Standing Liquidity Facility for Primary Dealers
RBI/2022-23/102 REF.No.MPD.BC.394/07.01.279/2022-23 August 05, 2022 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.90 per cent to 5.40 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided t
RBI/2022-23/102 REF.No.MPD.BC.394/07.01.279/2022-23 August 05, 2022 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.90 per cent to 5.40 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided t
Aug 05, 2022
Liquidity Adjustment Facility- Change in rates
RBI/2022-23/101 FMOD.MAOG.No.146/01.01.001/2022-23 August 05, 2022 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility- Change in rates As announced in the Monetary Policy Statement dated August 05, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.90 per cent to 5.40 per cent with immediate effect. 2. Conseq
RBI/2022-23/101 FMOD.MAOG.No.146/01.01.001/2022-23 August 05, 2022 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility- Change in rates As announced in the Monetary Policy Statement dated August 05, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.90 per cent to 5.40 per cent with immediate effect. 2. Conseq
Aug 04, 2022
Gold Monetization Scheme (GMS), 2015
RBI/2022-23/100 DoR.AUT.REC.58/23.67.001/2022-23 August 04, 2022 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/2022-23/100 DoR.AUT.REC.58/23.67.001/2022-23 August 04, 2022 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,
Aug 01, 2022
External Commercial Borrowings (ECB) Policy - Liberalisation Measures
RBI/2022-23/98 A.P. (DIR Series) Circular No. 11 August 1, 2022 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Liberalisation Measures Attention is invited to paragraph 2.2 of FED Master Direction No.5 on External Commercial Borrowings, Trade Credits and Structured Obligations, dated March 26, 2019 (as amended from time to time), in terms of which eligible ECB borrowers are allowed to raise ECB up to USD 750 millio
RBI/2022-23/98 A.P. (DIR Series) Circular No. 11 August 1, 2022 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Liberalisation Measures Attention is invited to paragraph 2.2 of FED Master Direction No.5 on External Commercial Borrowings, Trade Credits and Structured Obligations, dated March 26, 2019 (as amended from time to time), in terms of which eligible ECB borrowers are allowed to raise ECB up to USD 750 millio
Jul 29, 2022
United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 44 existing entries on its Sanctions List
RBI/2022-2023/96 DOR.AML.REC.57/14.06.001/2022-23 July 29, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 44 existing entries on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Cou
RBI/2022-2023/96 DOR.AML.REC.57/14.06.001/2022-23 July 29, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 44 existing entries on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Cou
Jul 28, 2022
Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]
RBI/2022-2023/95 CO.DPSS.POLC.No.S-760/02-14-003/2022-23 July 28, 2022 All Payment System Providers and Payment System Participants Madam / Dear Sir, Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)] Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Payment Aggregators and Payment Gate
RBI/2022-2023/95 CO.DPSS.POLC.No.S-760/02-14-003/2022-23 July 28, 2022 All Payment System Providers and Payment System Participants Madam / Dear Sir, Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)] Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Payment Aggregators and Payment Gate
Jul 28, 2022
Regulation of Payment Aggregators - Timeline for submission of applications for authorisation - Review
RBI/2022-23/94 CO.DPSS.POLC.No.S-761/02-14-008/2022-23 July 28, 2022 All Payment System Providers and Payment System Participants Madam / Dear Sir, Regulation of Payment Aggregators – Timeline for submission of applications for authorisation – Review Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Paym
RBI/2022-23/94 CO.DPSS.POLC.No.S-761/02-14-008/2022-23 July 28, 2022 All Payment System Providers and Payment System Participants Madam / Dear Sir, Regulation of Payment Aggregators – Timeline for submission of applications for authorisation – Review Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Paym
Jul 28, 2022
Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2022
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART III, SECTION (4)] Reserve Bank of IndiaForeign Exchange DepartmentCentral OfficeMumbai Notification No. FEMA.3(R)(3)/2022-RB July 28, 2022 Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2022 In exercise of the powers conferred by sub-section (2) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the foll
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART III, SECTION (4)] Reserve Bank of IndiaForeign Exchange DepartmentCentral OfficeMumbai Notification No. FEMA.3(R)(3)/2022-RB July 28, 2022 Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2022 In exercise of the powers conferred by sub-section (2) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the foll
Jul 26, 2022
Board approved Loan Policy - Management of Advances - UCBs
RBI/2022-23/93 DOR.CRE.REC.56/13.05.000/2022-23 July 26, 2022 All Primary (Urban) Co-operative Banks Madam / Dear Sir, Board approved Loan Policy – Management of Advances - UCBs Please refer to para 1 of the Master Circular DOR.CRE.REC.No.17/13.05.000/2022-23 dated April 8, 2022 on Management of Advances – UCBs in terms of which, UCBs are required to lay down, with the approval of their boards, transparent policies and guidelines for credit dispensation, in respect of
RBI/2022-23/93 DOR.CRE.REC.56/13.05.000/2022-23 July 26, 2022 All Primary (Urban) Co-operative Banks Madam / Dear Sir, Board approved Loan Policy – Management of Advances - UCBs Please refer to para 1 of the Master Circular DOR.CRE.REC.No.17/13.05.000/2022-23 dated April 8, 2022 on Management of Advances – UCBs in terms of which, UCBs are required to lay down, with the approval of their boards, transparent policies and guidelines for credit dispensation, in respect of
Jul 13, 2022
UNSCR 1718 Sanctions Committee on DPRK amends one Entry on its Sanctions List
RBI/2022-2023/91 DOR.AML.REC.55/14.06.001/2022-23 July 13, 2022 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, UNSCR 1718 Sanctions Committee on DPRK amends one Entry on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Council Resolution on Democratic People’s Republic of Korea Order, 2017’ as amended from time to tim
RBI/2022-2023/91 DOR.AML.REC.55/14.06.001/2022-23 July 13, 2022 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, UNSCR 1718 Sanctions Committee on DPRK amends one Entry on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Council Resolution on Democratic People’s Republic of Korea Order, 2017’ as amended from time to tim
Jul 11, 2022
International Trade Settlement in Indian Rupees (INR)
RBI/2022-2023/90 A.P. (DIR Series) Circular No.10 July 11, 2022 To All Category-I Authorised Dealer Banks Madam/Sir International Trade Settlement in Indian Rupees (INR) In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in INR, it has been decided to put in place an additional arrangement for invoicing, payment, and settlement of exports / imports in INR. Before putting in
RBI/2022-2023/90 A.P. (DIR Series) Circular No.10 July 11, 2022 To All Category-I Authorised Dealer Banks Madam/Sir International Trade Settlement in Indian Rupees (INR) In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in INR, it has been decided to put in place an additional arrangement for invoicing, payment, and settlement of exports / imports in INR. Before putting in
Jul 08, 2022
Asian Clearing Union (ACU) Mechanism - Indo-Sri Lanka trade
RBI/2022-2023/89 A.P. (DIR Series) Circular No. 09 July 08, 2022 To All Category-I Authorised Dealer Banks Madam/Sir, Asian Clearing Union (ACU) Mechanism – Indo-Sri Lanka trade Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Regulations 3 and 5 of Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 in terms of which export / import transactions between ACU member countries are to be routed through the ACU mech
RBI/2022-2023/89 A.P. (DIR Series) Circular No. 09 July 08, 2022 To All Category-I Authorised Dealer Banks Madam/Sir, Asian Clearing Union (ACU) Mechanism – Indo-Sri Lanka trade Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Regulations 3 and 5 of Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 in terms of which export / import transactions between ACU member countries are to be routed through the ACU mech
Jul 07, 2022
‘Fully Accessible Route’ for Investment by Non-residents in Government Securities - Additional specified securities
RBI/2022-23/86 FMRD.FMID.No.04/14.01.006/2022-23 July 07, 2022 To All participants in Government Securities market Madam/Sir, ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Additional specified securities Please refer to paragraph 3 of the press release on “Liberalisation of Forex Flows” dated July 06, 2022 regarding inclusion of additional ‘specified securities’ under the Fully Accessible Route (FAR) for investments in Government
RBI/2022-23/86 FMRD.FMID.No.04/14.01.006/2022-23 July 07, 2022 To All participants in Government Securities market Madam/Sir, ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Additional specified securities Please refer to paragraph 3 of the press release on “Liberalisation of Forex Flows” dated July 06, 2022 regarding inclusion of additional ‘specified securities’ under the Fully Accessible Route (FAR) for investments in Government
Jul 07, 2022
Overseas foreign currency borrowings of Authorised Dealer Category-I banks
RBI/2022-23/88 A. P. (DIR Series) Circular No. 08 July 07, 2022 All Authorised Dealer Category-I Banks Madam/Sir, Overseas foreign currency borrowings of Authorised Dealer Category-I banks Attention of Authorised Dealer Category-I (AD Cat-I) banks is invited to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 [Notification no. FEMA 3(R)/2018-RB dated December 17, 2018] and Master Direction - Risk Management and Inter-Bank Dealings dated July 0
RBI/2022-23/88 A. P. (DIR Series) Circular No. 08 July 07, 2022 All Authorised Dealer Category-I Banks Madam/Sir, Overseas foreign currency borrowings of Authorised Dealer Category-I banks Attention of Authorised Dealer Category-I (AD Cat-I) banks is invited to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 [Notification no. FEMA 3(R)/2018-RB dated December 17, 2018] and Master Direction - Risk Management and Inter-Bank Dealings dated July 0
Jul 07, 2022
Investment by Foreign Portfolio Investors (FPI) in Debt - Relaxations
RBI/2022-23/87 A.P. (DIR Series) Circular No.07 July 07, 2022 To All Authorised Persons Madam/Sir, Investment by Foreign Portfolio Investors (FPI) in Debt - Relaxations Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the paragraph 3 of the press release on “Liberalisation of Forex Flows” dated July 06, 2022 regarding relaxations in the regulatory regime under the Medium-Term Framework. A reference is also invited to: the Foreign Exchange
RBI/2022-23/87 A.P. (DIR Series) Circular No.07 July 07, 2022 To All Authorised Persons Madam/Sir, Investment by Foreign Portfolio Investors (FPI) in Debt - Relaxations Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the paragraph 3 of the press release on “Liberalisation of Forex Flows” dated July 06, 2022 regarding relaxations in the regulatory regime under the Medium-Term Framework. A reference is also invited to: the Foreign Exchange
Jul 07, 2022
Formation of new districts in the State of Andhra Pradesh - Assignment of Lead Bank Responsibility
RBI/2022-23/85 FIDD.CO.LBS.BC.No.8/02.08.001/2022-23 July 07, 2022 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new districts in the State of Andhra Pradesh – Assignment of Lead Bank Responsibility The Government of Andhra Pradesh has notified formation of 13 new districts in the State of Andhra Pradesh vide Gazette Notifications No.472-497 dated April 03, 2022. Accordingly, it has been decided to de
RBI/2022-23/85 FIDD.CO.LBS.BC.No.8/02.08.001/2022-23 July 07, 2022 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new districts in the State of Andhra Pradesh – Assignment of Lead Bank Responsibility The Government of Andhra Pradesh has notified formation of 13 new districts in the State of Andhra Pradesh vide Gazette Notifications No.472-497 dated April 03, 2022. Accordingly, it has been decided to de
Jul 07, 2022
Exim Bank's Government of India supported Short - Term Line of Credit (STLoC) of USD 55 million to the Government of the Democratic Socialist Republic of Sri Lanka for procurement of urea fertilizer from India
RBI/2022-2023/84 A.P. (DIR Series) Circular No. 06 July 07, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Short - Term Line of Credit (STLoC) of USD 55 million to the Government of the Democratic Socialist Republic of Sri Lanka for procurement of urea fertilizer from India Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 10, 2022 with the Government of the Democratic Socialist Republic
RBI/2022-2023/84 A.P. (DIR Series) Circular No. 06 July 07, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Short - Term Line of Credit (STLoC) of USD 55 million to the Government of the Democratic Socialist Republic of Sri Lanka for procurement of urea fertilizer from India Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 10, 2022 with the Government of the Democratic Socialist Republic
Jul 06, 2022
Section 42 of the Reserve Bank of India Act, 1934 and Section 18 and 24 of the Banking Regulation Act, 1949 - FCNR (B)/NRE Term deposits - Exemption from maintenance of CRR/SLR
RBI/2022-23/83 DOR.RET.REC.54/12.01.001/2022-23 July 06, 2022 All Scheduled Commercial Banks (including Regional Rural Banks) Local Area Banks, Small Finance Banks, Payments Banks Primary (Urban) Co-operative Banks (UCBs) State and Central Co-operative Banks (StCBs / CCBs) Madam/Dear Sir, Section 42 of the Reserve Bank of India Act, 1934 and Section 18 and 24 of the Banking Regulation Act, 1949 – FCNR (B)/NRE Term deposits - Exemption from maintenance of CRR/SLR At pr
RBI/2022-23/83 DOR.RET.REC.54/12.01.001/2022-23 July 06, 2022 All Scheduled Commercial Banks (including Regional Rural Banks) Local Area Banks, Small Finance Banks, Payments Banks Primary (Urban) Co-operative Banks (UCBs) State and Central Co-operative Banks (StCBs / CCBs) Madam/Dear Sir, Section 42 of the Reserve Bank of India Act, 1934 and Section 18 and 24 of the Banking Regulation Act, 1949 – FCNR (B)/NRE Term deposits - Exemption from maintenance of CRR/SLR At pr
Jul 06, 2022
Master Direction on Interest Rate on Deposits - Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (External) Rupee (NRE) Deposit
RBI/2022-23/82 DOR.SOG (SPE).REC.No 53/13.03.000/2022-23 July 06, 2022 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, Master Direction on Interest Rate on Deposits - Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (External) Rupee (NRE) Deposit Please refer to the ins
RBI/2022-23/82 DOR.SOG (SPE).REC.No 53/13.03.000/2022-23 July 06, 2022 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, Master Direction on Interest Rate on Deposits - Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (External) Rupee (NRE) Deposit Please refer to the ins
Jul 06, 2022
Inclusion of “Unity Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
RBI/2022-23/81 DoR.RET.REC.52/12.07.160/2022-23 July 06, 2022 All Banks Madam/Sir Inclusion of “Unity Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 It is advised that “Unity Small Finance Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S543/16.13.216/2022-23 dated April 28, 2022 and published in the Gazette of India (Part III - Section 4) dated July 0
RBI/2022-23/81 DoR.RET.REC.52/12.07.160/2022-23 July 06, 2022 All Banks Madam/Sir Inclusion of “Unity Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 It is advised that “Unity Small Finance Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S543/16.13.216/2022-23 dated April 28, 2022 and published in the Gazette of India (Part III - Section 4) dated July 0
Jul 04, 2022
Requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank PSOs and sale / transfer of payment system activity of non-bank PSO
RBI/2022-23/80 CO.DPSS.POLC.No.S-590/02-14-006/2022-23 July 04, 2022 The Chairman / Managing Director / Chief Executive Officer Bank and Non-bank Payment System Operators (PSOs) Madam / Dear Sir, Requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank PSOs and sale / transfer of payment system activity of non-bank PSO A reference is invited to Reserve Bank of India (RBI) instructions contained in paragraph 5.10 of Master Direc
RBI/2022-23/80 CO.DPSS.POLC.No.S-590/02-14-006/2022-23 July 04, 2022 The Chairman / Managing Director / Chief Executive Officer Bank and Non-bank Payment System Operators (PSOs) Madam / Dear Sir, Requirement for obtaining prior approval in case of takeover / acquisition of control of non-bank PSOs and sale / transfer of payment system activity of non-bank PSO A reference is invited to Reserve Bank of India (RBI) instructions contained in paragraph 5.10 of Master Direc
Jul 01, 2022
Note Sorting Machines - Authentication and Fitness Sorting Parameters
RBI/2022-23/79 DCM(NPD)No.S488/18.00.14/2022-23 July 1, 2022 The Chairman/ Managing Director/ Chief Executive Officers All Banks Dear Sir/Madam Note Sorting Machines - Authentication and Fitness Sorting Parameters Please refer to our circular DCM(R&D)No.G-26/18.00.14/2009-10 dated May 11, 2010 setting out ''Note Authentication and Fitness Sorting Parameters'' for the Note Sorting Machines installed in the banks. 2. In the backdrop of introduction of the new series
RBI/2022-23/79 DCM(NPD)No.S488/18.00.14/2022-23 July 1, 2022 The Chairman/ Managing Director/ Chief Executive Officers All Banks Dear Sir/Madam Note Sorting Machines - Authentication and Fitness Sorting Parameters Please refer to our circular DCM(R&D)No.G-26/18.00.14/2009-10 dated May 11, 2010 setting out ''Note Authentication and Fitness Sorting Parameters'' for the Note Sorting Machines installed in the banks. 2. In the backdrop of introduction of the new series
Jun 28, 2022
Provisioning Requirement for Investment in Security Receipts (SRs)
RBI/2022-23/78DOR.STR.REC.51/21.04.048/2022-23 June 28, 2022 All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All Local Area Banks and Regional Rural Banks All All-India Financial Institutions All Non-Banking Financial Companies Provisioning Requirement for Investment in Security Receipts (SRs) Please refer to clause 77 of the Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 (“MD
RBI/2022-23/78DOR.STR.REC.51/21.04.048/2022-23 June 28, 2022 All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All Local Area Banks and Regional Rural Banks All All-India Financial Institutions All Non-Banking Financial Companies Provisioning Requirement for Investment in Security Receipts (SRs) Please refer to clause 77 of the Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 (“MD
Jun 24, 2022
Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]
RBI/2022-23/77CO.DPSS.POLC.No.S-567/02-14-003/2022-23 June 24, 2022 All Payment System Providers and Payment System Participants Madam / Dear Sir, Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)] Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/ 2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Payment Aggregators and Payment Gatewa
RBI/2022-23/77CO.DPSS.POLC.No.S-567/02-14-003/2022-23 June 24, 2022 All Payment System Providers and Payment System Participants Madam / Dear Sir, Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)] Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/ 2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Payment Aggregators and Payment Gatewa
Jun 23, 2022
Designation of 7 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg.
RBI/2022-23/75 DOR.AML.REC.50/14.06.001/2022-23 June 23, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Designation of 7 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The procedure laid down in the UAPA Or
RBI/2022-23/75 DOR.AML.REC.50/14.06.001/2022-23 June 23, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Designation of 7 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The procedure laid down in the UAPA Or
Jun 21, 2022
Extension of timeline for implementation of certain provisions of Master Direction - Credit Card and Debit Card - Issuance and Conduct Directions, 2022
RBI/2022-23/74 DoR.AUT.REC.No.48/24.01.041/2022-23 June 21, 2022 All Scheduled Banks (excluding Payments Banks/State Co-operative Banks and District Central Co-operative Banks) All Non-Banking Financial Companies (NBFCs) Madam/Dear Sir Extension of timeline for implementation of certain provisions of Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022 Please refer to paragraph 1 (b) of the Master Direction – Credit Card and Debit Card
RBI/2022-23/74 DoR.AUT.REC.No.48/24.01.041/2022-23 June 21, 2022 All Scheduled Banks (excluding Payments Banks/State Co-operative Banks and District Central Co-operative Banks) All Non-Banking Financial Companies (NBFCs) Madam/Dear Sir Extension of timeline for implementation of certain provisions of Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022 Please refer to paragraph 1 (b) of the Master Direction – Credit Card and Debit Card
Jun 16, 2022
Processing of e-mandates for recurring transactions
RBI/2022-23/73 CO.DPSS.POLC.No.S-518/02.14.003/2022-23 June 16, 2022 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Non-bank Prepaid Payment Instrument Issuers / Authorised Card Payment Networks / National Payments Corporation of India Madam / D
RBI/2022-23/73 CO.DPSS.POLC.No.S-518/02.14.003/2022-23 June 16, 2022 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Non-bank Prepaid Payment Instrument Issuers / Authorised Card Payment Networks / National Payments Corporation of India Madam / D
Jun 16, 2022
Sovereign Gold Bond (SGB) Scheme 2022-23
RBI/2022-23/72 IDMD.CDD.No.S789/14.04.050/2022-23 June 16, 2022 Scheduled Commercial Banks (as per the list attached), Designated Post Offices (as per the list attached) Stock Holding Corporation of India Ltd. National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd. Clearing Corporation of India Ltd. Madam/Dear Sir, Sovereign Gold Bond (SGB) Scheme 2022-23 Government of India, vide its Notification No F.No4.(6)-B (W&M)/2022 dated June 15, 2022, has announc
RBI/2022-23/72 IDMD.CDD.No.S789/14.04.050/2022-23 June 16, 2022 Scheduled Commercial Banks (as per the list attached), Designated Post Offices (as per the list attached) Stock Holding Corporation of India Ltd. National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd. Clearing Corporation of India Ltd. Madam/Dear Sir, Sovereign Gold Bond (SGB) Scheme 2022-23 Government of India, vide its Notification No F.No4.(6)-B (W&M)/2022 dated June 15, 2022, has announc
Jun 14, 2022
Bank finance to Government owned entities
RBI/2022-23/71 DOR.CRE.REC.No.47/13.03.00/2022-23 June 14, 2022 All Scheduled Commercial Banks (Excluding RRBs) Madam / Dear Sir Bank finance to Government owned entities Please refer to the Master Circulars DBR.No.Dir.BC.10/13.03.00/2015-16 dated July 1, 2015 on ‘Loans and Advances – Statutory and Other Restrictions’ and DOR.CRE.REC.No.06/08.12.001/2022-23 dated April 1, 2022 on ‘Housing Finance’. 2. We have come across instances where banks have not been strictly co
RBI/2022-23/71 DOR.CRE.REC.No.47/13.03.00/2022-23 June 14, 2022 All Scheduled Commercial Banks (Excluding RRBs) Madam / Dear Sir Bank finance to Government owned entities Please refer to the Master Circulars DBR.No.Dir.BC.10/13.03.00/2015-16 dated July 1, 2015 on ‘Loans and Advances – Statutory and Other Restrictions’ and DOR.CRE.REC.No.06/08.12.001/2022-23 dated April 1, 2022 on ‘Housing Finance’. 2. We have come across instances where banks have not been strictly co
Jun 10, 2022
Punjab and Maharashtra Co-operative Bank Limited (Amalgamation with Unity Small Finance Bank Limited) Scheme, 2022 - Provisioning on interbank exposure and valuation of Perpetual Non-Cumulative Preference Shares (PNCPS) and Equity Warrants
RBI/2022-23/70 DOR.MRG.REC.46/00-00-011/2022-23 June 10, 2022 ’Madam / Dear Sir, Punjab and Maharashtra Co-operative Bank Limited (Amalgamation with Unity Small Finance Bank Limited) Scheme, 2022 - Provisioning on interbank exposure and valuation of Perpetual Non-Cumulative Preference Shares (PNCPS) and Equity Warrants Please refer to Punjab and Maharashtra Co-operative Bank Limited (Amalgamation with Unity Small Finance Bank Limited) Scheme, 2022 (hereinafter referre
RBI/2022-23/70 DOR.MRG.REC.46/00-00-011/2022-23 June 10, 2022 ’Madam / Dear Sir, Punjab and Maharashtra Co-operative Bank Limited (Amalgamation with Unity Small Finance Bank Limited) Scheme, 2022 - Provisioning on interbank exposure and valuation of Perpetual Non-Cumulative Preference Shares (PNCPS) and Equity Warrants Please refer to Punjab and Maharashtra Co-operative Bank Limited (Amalgamation with Unity Small Finance Bank Limited) Scheme, 2022 (hereinafter referre
Jun 09, 2022
Discontinuation of Return under Foreign Exchange Management Act, 1999
RBI/2022-23/69 A.P. (DIR Series) Circular No. 05 June 09, 2022 AD Category I banks Madam/ Sir, Discontinuation of Return under Foreign Exchange Management Act, 1999 Attention of Authorised Persons is invited to A.P. (DIR series) circular No 26, dated February 18, 2022, wherein Authorised Persons were advised about proposed discontinuation of the return “Details of guarantee availed and invoked from non-resident entities”. It was also advised that the date of discontin
RBI/2022-23/69 A.P. (DIR Series) Circular No. 05 June 09, 2022 AD Category I banks Madam/ Sir, Discontinuation of Return under Foreign Exchange Management Act, 1999 Attention of Authorised Persons is invited to A.P. (DIR series) circular No 26, dated February 18, 2022, wherein Authorised Persons were advised about proposed discontinuation of the return “Details of guarantee availed and invoked from non-resident entities”. It was also advised that the date of discontin
Jun 08, 2022
Individual Housing loans - Enhancement in limits
RBI/2022-23/68 DOR.CRE.REC.42/09.22.010/2022-23 June 08, 2022 All Primary (Urban) Co-operative Banks, Madam / Dear Sir, Individual Housing loans – Enhancement in limits Please refer to circular UBD.BPD.(PCB). Cir.No.7/09.22.010/2011-12 dated October 31, 2011 on the above subject. 2. As announced in the Statement on Developmental and Regulatory Policies (para no.1 annexed), it has been decided to revise the limits on individual housing loans sanctioned by urban co-oper
RBI/2022-23/68 DOR.CRE.REC.42/09.22.010/2022-23 June 08, 2022 All Primary (Urban) Co-operative Banks, Madam / Dear Sir, Individual Housing loans – Enhancement in limits Please refer to circular UBD.BPD.(PCB). Cir.No.7/09.22.010/2011-12 dated October 31, 2011 on the above subject. 2. As announced in the Statement on Developmental and Regulatory Policies (para no.1 annexed), it has been decided to revise the limits on individual housing loans sanctioned by urban co-oper
Jun 08, 2022
Section 23 of the Banking Regulation Act, 1949 - Doorstep Banking
RBI/2022-23/66 DOR.REG.No.45/19.51.052/2022-23 June 8, 2022 All Primary (Urban) Co-operative banks Madam / Dear Sir Section 23 of the Banking Regulation Act, 1949 – Doorstep Banking In terms of Section 23 of the Banking Regulation Act, 1949 (AACS) Primary (Urban) Co-operative Banks (UCBs) are required to seek prior approval of the Reserve Bank for opening any new place of business including offering services at the doorstep of the customer. 2. Keeping in view the abov
RBI/2022-23/66 DOR.REG.No.45/19.51.052/2022-23 June 8, 2022 All Primary (Urban) Co-operative banks Madam / Dear Sir Section 23 of the Banking Regulation Act, 1949 – Doorstep Banking In terms of Section 23 of the Banking Regulation Act, 1949 (AACS) Primary (Urban) Co-operative Banks (UCBs) are required to seek prior approval of the Reserve Bank for opening any new place of business including offering services at the doorstep of the customer. 2. Keeping in view the abov
Jun 08, 2022
Enhancement in Individual Housing Loan limits and credit to Commercial Real Estate - Residential Housing (CRE-RH)
RBI/2022-23/67 DOR.CRE.REC.43/09.22.010/2022-23 June 08, 2022 All State Co-operative Banks (StCBs) All District Central Co-operative Banks (DCCBs) Madam / Dear Sir, Enhancement in Individual Housing Loan limits and credit to Commercial Real Estate - Residential Housing (CRE-RH) Please refer to our circulars RPCD CO.RCBD.BC.No.15 /03.03.01/2009-10 dated August 13, 2009, RPCD.CO.RF.BC.No.109/07.38.01/2008-09 dated May 25, 2009 and RPCD.CO.RCBD. BC.No. 48 /03.03.01/2010-
RBI/2022-23/67 DOR.CRE.REC.43/09.22.010/2022-23 June 08, 2022 All State Co-operative Banks (StCBs) All District Central Co-operative Banks (DCCBs) Madam / Dear Sir, Enhancement in Individual Housing Loan limits and credit to Commercial Real Estate - Residential Housing (CRE-RH) Please refer to our circulars RPCD CO.RCBD.BC.No.15 /03.03.01/2009-10 dated August 13, 2009, RPCD.CO.RF.BC.No.109/07.38.01/2008-09 dated May 25, 2009 and RPCD.CO.RCBD. BC.No. 48 /03.03.01/2010-
Jun 08, 2022
Change in Bank Rate
RBI/2022-23/65 DOR.RET.REC.44/12.01.001/2022-23 June 08, 2022 All Banks Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.32/12.01.001/2022-23 dated May 04, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated June 08, 2022, the Bank Rate is revised upwards by 50 basis points from 4.65 per cent to 5.15 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, which a
RBI/2022-23/65 DOR.RET.REC.44/12.01.001/2022-23 June 08, 2022 All Banks Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.32/12.01.001/2022-23 dated May 04, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated June 08, 2022, the Bank Rate is revised upwards by 50 basis points from 4.65 per cent to 5.15 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, which a
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