Notifications - RBI - Reserve Bank of India
Notifications
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
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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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