Notifications - RBI - Reserve Bank of India
Notifications
Jun 25, 2021
Appointment of Managing Director (MD) / Whole-Time Director (WTD) in Primary (Urban) Co-operative Banks
RBI/2021-22/60 DOR.GOV.REC.25/12.10.000/2021-22 June 25, 2021 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Appointment of Managing Director (MD) / Whole-Time Director (WTD) in Primary (Urban) Co-operative Banks In terms of powers conferred under Sections 10, 10B, 10BB, 35A, 35B, 36AA and 53A (read with Section 56) of the Banking Regulation Act, 1949 (as amended), hereinafter called as “Act”, relati
RBI/2021-22/60 DOR.GOV.REC.25/12.10.000/2021-22 June 25, 2021 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Appointment of Managing Director (MD) / Whole-Time Director (WTD) in Primary (Urban) Co-operative Banks In terms of powers conferred under Sections 10, 10B, 10BB, 35A, 35B, 36AA and 53A (read with Section 56) of the Banking Regulation Act, 1949 (as amended), hereinafter called as “Act”, relati
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Jun 24, 2021
Declaration of dividends by NBFCs
RBI/2021-22/59 DOR.ACC.REC.No.23/21.02.067/2021-22 June 24, 2021 All Non-Banking Financial Companies (NBFCs) Madam / Sir, Declaration of dividends by NBFCs In order to infuse greater transparency and uniformity in practice, it has been decided to prescribe guidelines on distribution of dividend by NBFCs. Applicability 2. These guidelines shall be applicable to all NBFCs regulated by RBI1 as below: (a) Applicable NBFCs as defined in Paragraph 2(2) of Non-Banking Financ
RBI/2021-22/59 DOR.ACC.REC.No.23/21.02.067/2021-22 June 24, 2021 All Non-Banking Financial Companies (NBFCs) Madam / Sir, Declaration of dividends by NBFCs In order to infuse greater transparency and uniformity in practice, it has been decided to prescribe guidelines on distribution of dividend by NBFCs. Applicability 2. These guidelines shall be applicable to all NBFCs regulated by RBI1 as below: (a) Applicable NBFCs as defined in Paragraph 2(2) of Non-Banking Financ
Jun 23, 2021
Gold (Metal) Loans - Repayment
RBI/2021-22/58 DOR.CRE(DIR).REC.24/23.67.001/2021-22 June 23, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Gold (Metal) Loans – Repayment Please refer to instructions issued vide circulars DBOD.No.IBS.1519/23.67.001/98-99 dated December 31, 1998, DBOD.No.IBS.3161/23.67.001/98-99 dated June 25, 1999, DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005, DBOD.No.IBD.BC.71/23.67.001/2006-07 dated April 3, 2007 and DBOD.No.
RBI/2021-22/58 DOR.CRE(DIR).REC.24/23.67.001/2021-22 June 23, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Gold (Metal) Loans – Repayment Please refer to instructions issued vide circulars DBOD.No.IBS.1519/23.67.001/98-99 dated December 31, 1998, DBOD.No.IBS.3161/23.67.001/98-99 dated June 25, 1999, DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005, DBOD.No.IBD.BC.71/23.67.001/2006-07 dated April 3, 2007 and DBOD.No.
Jun 18, 2021
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendment of one entry
RBI/2021-22/57DOR.AML.REC.22/14.06.001/2021-22 June 18, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendment of one entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, in terms of which “Regulated Entities (REs) shall ensure that in terms of S
RBI/2021-22/57DOR.AML.REC.22/14.06.001/2021-22 June 18, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendment of one entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, in terms of which “Regulated Entities (REs) shall ensure that in terms of S
Jun 17, 2021
Liberalised Remittance Scheme for Resident Individuals - Reporting
RBI/2021-22/56 A. P. (DIR Series) Circular No. 07 June 17, 2021 To All Category - I Authorised Dealer Banks Madam / Sir, Liberalised Remittance Scheme for Resident Individuals – Reporting Attention of all Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No. 106 dated May 23, 2013, in terms of which, AD Category -I banks were required to upload the data in respect of number of applications received and the total amount re
RBI/2021-22/56 A. P. (DIR Series) Circular No. 07 June 17, 2021 To All Category - I Authorised Dealer Banks Madam / Sir, Liberalised Remittance Scheme for Resident Individuals – Reporting Attention of all Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No. 106 dated May 23, 2013, in terms of which, AD Category -I banks were required to upload the data in respect of number of applications received and the total amount re
Jun 14, 2021
Bharat Bill Payment System - Addition of Biller Category
RBI/2021-22/54 CO.DPSS.POLC.No.S188/02-27-020/2021-2022 June 14, 2021 The Chairman and Managing Director / Chief Executive OfficerScheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks / Payment Banks / Small Finance Banks /NPCI Bharat BillPay Ltd. / Bharat Bill Payment System Providers / System Participants and prospective Bharat Bill Payment Operating Units Madam / Dear Sir, Bharat Bill Pay
RBI/2021-22/54 CO.DPSS.POLC.No.S188/02-27-020/2021-2022 June 14, 2021 The Chairman and Managing Director / Chief Executive OfficerScheduled Commercial Banks including RRBs /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks / Payment Banks / Small Finance Banks /NPCI Bharat BillPay Ltd. / Bharat Bill Payment System Providers / System Participants and prospective Bharat Bill Payment Operating Units Madam / Dear Sir, Bharat Bill Pay
Jun 14, 2021
Investment in Entities from FATF Non-compliant Jurisdictions
RBI/2021-22/55 CO.DPSS.AUTH.No.S190/02.27.005/2021-22 June 14, 2021 All entities authorised to operate Payment Systems in India Madam / Dear Sir, Investment in Entities from FATF Non-compliant Jurisdictions A reference is invited to the circular DOR.CO.LIC.CC No.119/03.10.001/2020-21 dated February 12, 2021 issued by the Department of Regulation, Reserve Bank of India (RBI) on investment in NBFCs from FATF non-compliant jurisdictions. With a view to maintaining consis
RBI/2021-22/55 CO.DPSS.AUTH.No.S190/02.27.005/2021-22 June 14, 2021 All entities authorised to operate Payment Systems in India Madam / Dear Sir, Investment in Entities from FATF Non-compliant Jurisdictions A reference is invited to the circular DOR.CO.LIC.CC No.119/03.10.001/2020-21 dated February 12, 2021 issued by the Department of Regulation, Reserve Bank of India (RBI) on investment in NBFCs from FATF non-compliant jurisdictions. With a view to maintaining consis
Jun 11, 2021
Risk Based Internal Audit (RBIA)
RBI/2021-22/53 DoS.CO. PPG.SEC/03/11.01.005/2021-22 June 11, 2021 The Chairman / Managing Director / Chief Executive Officer of: All deposit taking HFCs All non-deposit taking HFCs with asset size of ₹5,000 crore and above Madam/Dear Sir, Risk Based Internal Audit (RBIA) Please refer to the circular Ref. No. DoS.CO.PPG/SEC.05/11.01.005/2020-21 dated February 03, 2021 on the captioned subject. 2. On a review, it has been decided that the provisions of the aforesaid cir
RBI/2021-22/53 DoS.CO. PPG.SEC/03/11.01.005/2021-22 June 11, 2021 The Chairman / Managing Director / Chief Executive Officer of: All deposit taking HFCs All non-deposit taking HFCs with asset size of ₹5,000 crore and above Madam/Dear Sir, Risk Based Internal Audit (RBIA) Please refer to the circular Ref. No. DoS.CO.PPG/SEC.05/11.01.005/2020-21 dated February 03, 2021 on the captioned subject. 2. On a review, it has been decided that the provisions of the aforesaid cir
Jun 10, 2021
Usage of Automated Teller Machines / Cash Recycler Machines - Review of Interchange Fee and Customer Charges
RBI/2021-22/52 DPSS.CO.OD.No.S-182/06.07.011/2021-22 June 10, 2021 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Authorised ATM Network Operators / Card Payment Network Operators / White Label ATM Operators Madam / Dear Sir, Usage of Automated Teller Machines / Cash Recycler Machines – Review of Interchange Fee and
RBI/2021-22/52 DPSS.CO.OD.No.S-182/06.07.011/2021-22 June 10, 2021 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Authorised ATM Network Operators / Card Payment Network Operators / White Label ATM Operators Madam / Dear Sir, Usage of Automated Teller Machines / Cash Recycler Machines – Review of Interchange Fee and
Jun 08, 2021
Preservation of CCTV recordings
RBI/2021-22/51 DCM(Plg).No. 51961/10.27.00/2021-22 June 8, 2021 The Chairman & Managing Director Chief Executive Officers All Banks Dear Sir, Preservation of CCTV recordings Please refer to our circular DCM (Plg) No. 1712/10.27.00/2016-17 dated December 13, 2016 wherein the banks were advised to preserve the CCTV recordings of operations at bank branches and currency chests for the period from November 08, 2016 to December 30, 2016, until further instructions, to
RBI/2021-22/51 DCM(Plg).No. 51961/10.27.00/2021-22 June 8, 2021 The Chairman & Managing Director Chief Executive Officers All Banks Dear Sir, Preservation of CCTV recordings Please refer to our circular DCM (Plg) No. 1712/10.27.00/2016-17 dated December 13, 2016 wherein the banks were advised to preserve the CCTV recordings of operations at bank branches and currency chests for the period from November 08, 2016 to December 30, 2016, until further instructions, to
Jun 07, 2021
Transactions in Government securities by Foreign Portfolio Investors: Reporting
RBI/2021-22/50 FMRD.FMID.No.05/14.01.006/2021-22 June 7, 2021 To All participants in Government securities market Madam/Sir, Transactions in Government securities by Foreign Portfolio Investors: Reporting Over the counter (OTC) transactions in Government securities (including State Development Loans and Treasury Bills) undertaken by market participants other than on the Negotiated Dealing System – Order Matching (NDS-OM) platform are required to be reported to the ‘ND
RBI/2021-22/50 FMRD.FMID.No.05/14.01.006/2021-22 June 7, 2021 To All participants in Government securities market Madam/Sir, Transactions in Government securities by Foreign Portfolio Investors: Reporting Over the counter (OTC) transactions in Government securities (including State Development Loans and Treasury Bills) undertaken by market participants other than on the Negotiated Dealing System – Order Matching (NDS-OM) platform are required to be reported to the ‘ND
Jun 04, 2021
Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS) - Extension of time
RBI/2021-22/49 DoR.RET.REC.19/12.05.009/2021-22 June 04, 2021 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks, All State Co-operative Banks and Central Co-operative Banks Madam/Sir Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS) – Extension of time In terms of Section 31 of the Banking Regulation Act, 1949 (“the Act”), read with Section 56 of the Act, accounts and balance sheet referre
RBI/2021-22/49 DoR.RET.REC.19/12.05.009/2021-22 June 04, 2021 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks, All State Co-operative Banks and Central Co-operative Banks Madam/Sir Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS) – Extension of time In terms of Section 31 of the Banking Regulation Act, 1949 (“the Act”), read with Section 56 of the Act, accounts and balance sheet referre
Jun 04, 2021
Payment of margins for transactions in Government Securities by Foreign Portfolio Investors
RBI/2021-22/48 A.P. (DIR Series) Circular No.06 June 4, 2021 To All Authorised Persons Madam / Sir Payment of margins for transactions in Government Securities by Foreign Portfolio Investors Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policies, issued as a part of the second Bi-monthly Monetary Policy Statement for 2021-22 dated June 04, 2021 regarding placement of margins for Government securities transactions on behalf of Foreign Por
RBI/2021-22/48 A.P. (DIR Series) Circular No.06 June 4, 2021 To All Authorised Persons Madam / Sir Payment of margins for transactions in Government Securities by Foreign Portfolio Investors Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policies, issued as a part of the second Bi-monthly Monetary Policy Statement for 2021-22 dated June 04, 2021 regarding placement of margins for Government securities transactions on behalf of Foreign Por
Jun 04, 2021
Resolution Framework - 2.0: Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs) - Revision in the threshold for aggregate exposure
RBI/2021-22/47 DOR.STR.REC.21/21.04.048/2021-22 June 4, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework - 2.0: Resolution of Covid-19 related stress of Micro, Small and
RBI/2021-22/47 DOR.STR.REC.21/21.04.048/2021-22 June 4, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework - 2.0: Resolution of Covid-19 related stress of Micro, Small and
Jun 04, 2021
Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses - Revision in the threshold for aggregate exposure
RBI/2021-22/46 DOR.STR.REC.20/21.04.048/2021-22 June 4, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and
RBI/2021-22/46 DOR.STR.REC.20/21.04.048/2021-22 June 4, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and
May 31, 2021
Customer Due Diligence for transactions in Virtual Currencies (VC)
RBI/2021-22/45 DOR. AML.REC 18 /14.01.001/2021-22 May 31, 2021 All Commercial and Co-operative Banks / Payments Banks/ Small Finance Banks / NBFCs / Payment System Providers Madam / Dear Sir, Customer Due Diligence for transactions in Virtual Currencies (VC) It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by making a reference to the RBI circular DBR.No.BP.BC
RBI/2021-22/45 DOR. AML.REC 18 /14.01.001/2021-22 May 31, 2021 All Commercial and Co-operative Banks / Payments Banks/ Small Finance Banks / NBFCs / Payment System Providers Madam / Dear Sir, Customer Due Diligence for transactions in Virtual Currencies (VC) It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by making a reference to the RBI circular DBR.No.BP.BC
May 31, 2021
Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF)
RBI/2021-22/44 A.P. (DIR Series) Circular No. 05 May 31, 2021 To, All Authorized Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF) Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified, vide Notification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from time to time and t
RBI/2021-22/44 A.P. (DIR Series) Circular No. 05 May 31, 2021 To, All Authorized Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF) Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified, vide Notification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from time to time and t
May 27, 2021
Formation of new district in the State of Karnataka - Assignment of Lead Bank Responsibility
RBI/2021-22/43 FIDD.CO.LBS.BC.No.11/02.08.001/2021-22 May 27, 2021 The Chairman / Managing Director & Chief Executive Officer All Lead Banks Dear Sir/Madam, Formation of new district in the State of Karnataka - Assignment of Lead Bank Responsibility The Government of Karnataka vide Gazette Notification No.RD/04/LRD/2019 dated February 08, 2021 had notified the formation of a new district in the State of Karnataka. It has been decided to assign the lead bank respon
RBI/2021-22/43 FIDD.CO.LBS.BC.No.11/02.08.001/2021-22 May 27, 2021 The Chairman / Managing Director & Chief Executive Officer All Lead Banks Dear Sir/Madam, Formation of new district in the State of Karnataka - Assignment of Lead Bank Responsibility The Government of Karnataka vide Gazette Notification No.RD/04/LRD/2019 dated February 08, 2021 had notified the formation of a new district in the State of Karnataka. It has been decided to assign the lead bank respon
May 24, 2021
Amalgamation of District Central Co-operative Banks (DCCBs) with the State Co-operative Bank (StCB) - Guidelines
RBI/2021-22/42 DOR.RUR.REC.No.17/19.51.007/2021-22 May 24, 2021 All State and Central Cooperative Banks Dear Sir/ Madam, Amalgamation of District Central Co-operative Banks (DCCBs) with the State Co-operative Bank (StCB) - Guidelines The Banking Regulation (Amendment) Act, 2020 (39 of 2020) has been notified for the State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) with effect from, April 1, 2021 vide Notification dated December 23, 2020
RBI/2021-22/42 DOR.RUR.REC.No.17/19.51.007/2021-22 May 24, 2021 All State and Central Cooperative Banks Dear Sir/ Madam, Amalgamation of District Central Co-operative Banks (DCCBs) with the State Co-operative Bank (StCB) - Guidelines The Banking Regulation (Amendment) Act, 2020 (39 of 2020) has been notified for the State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) with effect from, April 1, 2021 vide Notification dated December 23, 2020
May 21, 2021
Relaxation in timeline for compliance with various payment system requirements
RBI/2021-22/41 CO.DPSS.POLC.No.S-106/02-14-003/2021-2022 May 21, 2021 The Chairman / Managing Director / Chief Executive OfficerAll 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 PPI Issuers /Authorised Payment System Operators / Participants Madam / Dear Sir, Relaxation in timeline for compliance wit
RBI/2021-22/41 CO.DPSS.POLC.No.S-106/02-14-003/2021-2022 May 21, 2021 The Chairman / Managing Director / Chief Executive OfficerAll 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 PPI Issuers /Authorised Payment System Operators / Participants Madam / Dear Sir, Relaxation in timeline for compliance wit
May 19, 2021
Prepaid Payment Instruments (PPIs) - (i) Mandating Interoperability; (ii) Increasing the Limit to ₹2 lakh for Full-KYC PPIs; and (iii) Permitting Cash Withdrawal from Full-KYC PPIs of Non-Bank PPI Issuers
RBI/2021-22/40 DPSS.CO.PD.No.S-99/02.14.006/2021-22 May 19, 2021 All Bank and Non-Bank Prepaid Payment Instrument Issuers, System Providers and System Participants Madam / Dear Sir, Prepaid Payment Instruments (PPIs) – (i) Mandating Interoperability; (ii) Increasing the Limit to ₹2 lakh for Full-KYC PPIs; and (iii) Permitting Cash Withdrawal from Full-KYC PPIs of Non-Bank PPI Issuers This has reference to paragraphs 10 and 11 of the Statement on Developmental and Regu
RBI/2021-22/40 DPSS.CO.PD.No.S-99/02.14.006/2021-22 May 19, 2021 All Bank and Non-Bank Prepaid Payment Instrument Issuers, System Providers and System Participants Madam / Dear Sir, Prepaid Payment Instruments (PPIs) – (i) Mandating Interoperability; (ii) Increasing the Limit to ₹2 lakh for Full-KYC PPIs; and (iii) Permitting Cash Withdrawal from Full-KYC PPIs of Non-Bank PPI Issuers This has reference to paragraphs 10 and 11 of the Statement on Developmental and Regu
May 14, 2021
Sovereign Gold Bond Scheme (SGB) 2021-22- Series I/II/III/IV/V/VI
RBI/2021-22/39 IDMD.CDD.No.45187/14.04.050/2021-22 May 14, 2021 The Chairman & Managing Director All Scheduled Commercial Banks,(Excluding RRBs)Designated Post OfficesStock Holding Corporation of India Ltd. (SHCIL)National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme (SGB) 2021-22- Series I/II/III/IV/V/VI Government of India has vide its Notification No F.No 4.(5)-B (W&M)/2021 dated May 12, 2021 has a
RBI/2021-22/39 IDMD.CDD.No.45187/14.04.050/2021-22 May 14, 2021 The Chairman & Managing Director All Scheduled Commercial Banks,(Excluding RRBs)Designated Post OfficesStock Holding Corporation of India Ltd. (SHCIL)National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereign Gold Bond Scheme (SGB) 2021-22- Series I/II/III/IV/V/VI Government of India has vide its Notification No F.No 4.(5)-B (W&M)/2021 dated May 12, 2021 has a
May 12, 2021
Sponsor Contribution to an AIF set up in Overseas Jurisdiction, including IFSCs
RBI/2021-22/38 A.P.(DIR Series) Circular No. 04 May 12, 2021 To All Category-I Authorised Dealer Banks Madam/ Sir Sponsor Contribution to an AIF set up in Overseas Jurisdiction, including IFSCs Attention of AD Category - I banks is invited to paragraph A.3.(e) and B.6 of Master Direction No.15 dated January 1, 2016, on “Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad”, as amended from time to time and Regulation 7 of the Not
RBI/2021-22/38 A.P.(DIR Series) Circular No. 04 May 12, 2021 To All Category-I Authorised Dealer Banks Madam/ Sir Sponsor Contribution to an AIF set up in Overseas Jurisdiction, including IFSCs Attention of AD Category - I banks is invited to paragraph A.3.(e) and B.6 of Master Direction No.15 dated January 1, 2016, on “Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad”, as amended from time to time and Regulation 7 of the Not
May 11, 2021
Banking Regulation Act, 1949 - Section 26A Depositor Education and Awareness Fund Scheme, 2014 - Interest rates payable on unclaimed interest bearing deposit
RBI/2021-22/37 DoR.DEA.REC.No.16/30.01.002/2021-22 May 11, 2021 The Managing Director & CEO/Chief Executive OfficersAll Scheduled Commercial Banks (including RRBs) Local Area Banks (LABs) Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks/Small Finance Banks/Payments Banks Dear Sir/Madam, Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Interest rates payable on unclaimed interes
RBI/2021-22/37 DoR.DEA.REC.No.16/30.01.002/2021-22 May 11, 2021 The Managing Director & CEO/Chief Executive OfficersAll Scheduled Commercial Banks (including RRBs) Local Area Banks (LABs) Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks/Small Finance Banks/Payments Banks Dear Sir/Madam, Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Interest rates payable on unclaimed interes
May 10, 2021
Government Agency Business Arrangement - Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)
RBI/2021-22/36 CO.DGBA.GBD.No.S77/42.01.033/2021-22 May 10, 2021 All Scheduled Commercial Banks in India Dear Sir / Madam Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI) Please refer to RBI Circular RBI/2011-2012/377; DGBA.GAD.No.H-5029/42.01.033/2011-12 dated January 31, 2012 on the captioned subject. 2. In this regard it is informed that the embargo put in place from September 2012
RBI/2021-22/36 CO.DGBA.GBD.No.S77/42.01.033/2021-22 May 10, 2021 All Scheduled Commercial Banks in India Dear Sir / Madam Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI) Please refer to RBI Circular RBI/2011-2012/377; DGBA.GAD.No.H-5029/42.01.033/2011-12 dated January 31, 2012 on the captioned subject. 2. In this regard it is informed that the embargo put in place from September 2012
May 10, 2021
Amendment to the Master Direction (MD) on KYC
RBI/2021-22/35 DOR.AML.REC.No.15/14.01.001/2021-22 May 10, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Amendment to the Master Direction (MD) on KYC Please refer to the Master Direction (MD) on KYC dated February 25, 2016, as amended from time to time, in terms of which Regulated Entities (REs) have to undertake Customer Due Diligence (CDD) while dealing with the customers as per the process laid out therein. 2. In this regard, on a review, it
RBI/2021-22/35 DOR.AML.REC.No.15/14.01.001/2021-22 May 10, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Amendment to the Master Direction (MD) on KYC Please refer to the Master Direction (MD) on KYC dated February 25, 2016, as amended from time to time, in terms of which Regulated Entities (REs) have to undertake Customer Due Diligence (CDD) while dealing with the customers as per the process laid out therein. 2. In this regard, on a review, it
May 06, 2021
Exim Bank's Government of India supported Line of Credit (LoC) of USD 7.35 million to the Government of the Republic of Nicaragua
RBI/2021-2022/34 A.P. (DIR Series) Circular No.03 May 06, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 7.35 million to the Government of the Republic of Nicaragua Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 18, 2021 with the Government of the Republic of Nicaragua, for making available to the latter, Government of India supported Line of Credit (Lo
RBI/2021-2022/34 A.P. (DIR Series) Circular No.03 May 06, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 7.35 million to the Government of the Republic of Nicaragua Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 18, 2021 with the Government of the Republic of Nicaragua, for making available to the latter, Government of India supported Line of Credit (Lo
May 06, 2021
Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934
RBI/2021-22/33 DoR.RET.REC.14/12.07.150/2021-22 May 06, 2021 All Banks Madam/Sir Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Lakshmi Vilas Bank Ltd” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 27, 2020 vide Notification DOR.PSBD.No.1849/16.01.067/2020-21 dated December 17, 2020, which is published in the Gazette of India (Part I
RBI/2021-22/33 DoR.RET.REC.14/12.07.150/2021-22 May 06, 2021 All Banks Madam/Sir Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Lakshmi Vilas Bank Ltd” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 27, 2020 vide Notification DOR.PSBD.No.1849/16.01.067/2020-21 dated December 17, 2020, which is published in the Gazette of India (Part I
May 05, 2021
Priority Sector Lending (PSL) - On-lending by Small Finance Banks (SFBs) to NBFC-MFIs
RBI/2021-22/27 FIDD.CO.Plan.BC.No.10/04.09.01/2021-22 May 5, 2021 The Chairman/ Managing Director Chief Executive Officer Small Finance Banks Dear Sir/Madam, Priority Sector Lending (PSL) - On-lending by Small Finance Banks (SFBs) to NBFC-MFIs As per extant guidelines, lending by Small Finance Banks (SFBs) to Micro-Finance Institutions (MFIs) for on-lending is not reckoned for priority sector lending (PSL) classification. In view of the fresh challenges brought on by
RBI/2021-22/27 FIDD.CO.Plan.BC.No.10/04.09.01/2021-22 May 5, 2021 The Chairman/ Managing Director Chief Executive Officer Small Finance Banks Dear Sir/Madam, Priority Sector Lending (PSL) - On-lending by Small Finance Banks (SFBs) to NBFC-MFIs As per extant guidelines, lending by Small Finance Banks (SFBs) to Micro-Finance Institutions (MFIs) for on-lending is not reckoned for priority sector lending (PSL) classification. In view of the fresh challenges brought on by
May 05, 2021
Resolution Framework 2.0 - Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs)
RBI/2021-22/32 DOR.STR.REC.12/21.04.048/2021-22 May 5, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and M
RBI/2021-22/32 DOR.STR.REC.12/21.04.048/2021-22 May 5, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and M
May 05, 2021
Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses
RBI/2021-22/31 DOR.STR.REC.11/21.04.048/2021-22 May 5, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and S
RBI/2021-22/31 DOR.STR.REC.11/21.04.048/2021-22 May 5, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and S
May 05, 2021
Credit to MSME Entrepreneurs
RBI/2021-22/30 DoR.RET.REC.09/12.01.001/2021-22 May 05, 2021 All Scheduled Commercial Banks Madam/Sir Credit to MSME Entrepreneurs Please refer to our circular DOR.No.Ret.BC.37/12.01.001/2020-21 dated February 5, 2021, on captioned subject. 2. In terms of the above circular, Scheduled Commercial Banks were allowed to deduct the amount equivalent to credit disbursed to new MSME borrowers from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Rese
RBI/2021-22/30 DoR.RET.REC.09/12.01.001/2021-22 May 05, 2021 All Scheduled Commercial Banks Madam/Sir Credit to MSME Entrepreneurs Please refer to our circular DOR.No.Ret.BC.37/12.01.001/2020-21 dated February 5, 2021, on captioned subject. 2. In terms of the above circular, Scheduled Commercial Banks were allowed to deduct the amount equivalent to credit disbursed to new MSME borrowers from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Rese
May 05, 2021
Periodic Updation of KYC - Restrictions on Account Operations for Non-compliance
RBI/2021-22/29 DOR. AML.REC 13/14.01.001/2021-22 May 5, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance Please refer to Section 38 of the Master Direction on KYC dated February 25, 2016, in terms of which Regulated Entities (REs) have to carry out periodic updation of KYC of existing customers. Keeping in view the current COVID-19 related restrictions in various parts
RBI/2021-22/29 DOR. AML.REC 13/14.01.001/2021-22 May 5, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance Please refer to Section 38 of the Master Direction on KYC dated February 25, 2016, in terms of which Regulated Entities (REs) have to carry out periodic updation of KYC of existing customers. Keeping in view the current COVID-19 related restrictions in various parts
May 05, 2021
Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer
RBI/2021-22/28 DOR.STR.REC.10/21.04.048/2021-22 May 5, 2021 All Scheduled Commercial Banks (Excluding Regional Rural Banks and Payments Banks) Dear Sir/ Madam, Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer Please refer to our circular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006 and DBOD.No.BP.BC.68/21.04.048/2006-07 dated March 13, 2007 on creation, accounting, disclosures and utilisation of floating provisions by banks. Banks may
RBI/2021-22/28 DOR.STR.REC.10/21.04.048/2021-22 May 5, 2021 All Scheduled Commercial Banks (Excluding Regional Rural Banks and Payments Banks) Dear Sir/ Madam, Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer Please refer to our circular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006 and DBOD.No.BP.BC.68/21.04.048/2006-07 dated March 13, 2007 on creation, accounting, disclosures and utilisation of floating provisions by banks. Banks may
Apr 29, 2021
Exim Bank's Government of India supported Line of Credit (LoC) of USD 250 million to the Government of the Republic of Mozambique
RBI/2021-2022/26 A.P. (DIR Series) Circular No.02 April 29, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 250 million to the Government of the Republic of Mozambique Export-Import Bank of India (Exim Bank) has entered into an agreement dated August 03, 2020 with the Government of the Republic of Mozambique, for making available to the latter, Government of India supported Line of Credit (L
RBI/2021-2022/26 A.P. (DIR Series) Circular No.02 April 29, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 250 million to the Government of the Republic of Mozambique Export-Import Bank of India (Exim Bank) has entered into an agreement dated August 03, 2020 with the Government of the Republic of Mozambique, for making available to the latter, Government of India supported Line of Credit (L
Apr 27, 2021
Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)
RBI/2021-22/25 Ref.No.DoS.CO.ARG/SEC.01/08.91.001/2021-22 April 27, 2021 The Chairman/Managing Director/Chief Executive Officer,All Commercial Banks (Excluding RRBs)All Primary (Urban) Co-operative Banks (UCBs)All Non-Banking Finance Companies (NBFCs) (Including Housing Finance Companies) Madam/Dear Sir, Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs) The fol
RBI/2021-22/25 Ref.No.DoS.CO.ARG/SEC.01/08.91.001/2021-22 April 27, 2021 The Chairman/Managing Director/Chief Executive Officer,All Commercial Banks (Excluding RRBs)All Primary (Urban) Co-operative Banks (UCBs)All Non-Banking Finance Companies (NBFCs) (Including Housing Finance Companies) Madam/Dear Sir, Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs) The fol
Apr 26, 2021
Corporate Governance in Banks - Appointment of Directors and Constitution of Committees of the Board
RBI/2021-22/24 DOR.GOV.REC.8/29.67.001/2021-22 April 26, 2021 To Commercial Banks (as per applicability) Madam / Sir, Corporate Governance in Banks - Appointment of Directors and Constitution of Committees of the Board A Discussion Paper on ‘Governance in Commercial Banks in India’ was issued by the Reserve Bank on June 11, 2020 to review the framework for governance in the commercial banks. Based on the feedback received, a comprehensive review of the framework has b
RBI/2021-22/24 DOR.GOV.REC.8/29.67.001/2021-22 April 26, 2021 To Commercial Banks (as per applicability) Madam / Sir, Corporate Governance in Banks - Appointment of Directors and Constitution of Committees of the Board A Discussion Paper on ‘Governance in Commercial Banks in India’ was issued by the Reserve Bank on June 11, 2020 to review the framework for governance in the commercial banks. Based on the feedback received, a comprehensive review of the framework has b
Apr 22, 2021
Declaration of dividends by banks
RBI/2021-22/23 DOR.ACC.REC.7/21.02.067/2021-22 April 22, 2021 All Commercial Banks and Cooperative Banks, Madam / Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.29/21.02.067/2020-21 dated December 4, 2020, and other associated circulars on the captioned subject. 2. In view of the continuing uncertainty caused by the ongoing second wave of COVID-19 in the country, it is crucial that banks remain resilient and proactively raise and cons
RBI/2021-22/23 DOR.ACC.REC.7/21.02.067/2021-22 April 22, 2021 All Commercial Banks and Cooperative Banks, Madam / Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.29/21.02.067/2020-21 dated December 4, 2020, and other associated circulars on the captioned subject. 2. In view of the continuing uncertainty caused by the ongoing second wave of COVID-19 in the country, it is crucial that banks remain resilient and proactively raise and cons
Apr 20, 2021
Formation of new district in the State of Tamil Nadu - Assignment of Lead Bank Responsibility
RBI/2021-22/22 FIDD.CO.LBS.BC.No.09/02.08.001/2021-22 April 20, 2021 The Chairmen / Managing Directors & Chief Executive Officers All Lead Banks Madam/ Dear Sir, Formation of new district in the State of Tamil Nadu – Assignment of Lead Bank Responsibility The Government of Tamil Nadu vide Gazette Notifications G.O.Ms. No.797 dated December 28, 2020 had notified the formation of a new district in the State of Tamil Nadu. It has been decided to assign the lead bank
RBI/2021-22/22 FIDD.CO.LBS.BC.No.09/02.08.001/2021-22 April 20, 2021 The Chairmen / Managing Directors & Chief Executive Officers All Lead Banks Madam/ Dear Sir, Formation of new district in the State of Tamil Nadu – Assignment of Lead Bank Responsibility The Government of Tamil Nadu vide Gazette Notifications G.O.Ms. No.797 dated December 28, 2020 had notified the formation of a new district in the State of Tamil Nadu. It has been decided to assign the lead bank
Apr 12, 2021
Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit- Extension
RBI/2021-22/21 DOR.CRE.REC.06/04.02.001/2021-22 April 12, 2021 All Scheduled Commercial Banks (excluding RRBs) Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank Dear Sir / Madam, Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit-Extension Please refer to the instructions issued vide DBR.Dir.BC.No.69/04.02.001/2019-20 dated May 13, 2020. 2. In this connection, Government of India has approved the extension of Interest Equaliza
RBI/2021-22/21 DOR.CRE.REC.06/04.02.001/2021-22 April 12, 2021 All Scheduled Commercial Banks (excluding RRBs) Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank Dear Sir / Madam, Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit-Extension Please refer to the instructions issued vide DBR.Dir.BC.No.69/04.02.001/2019-20 dated May 13, 2020. 2. In this connection, Government of India has approved the extension of Interest Equaliza
Apr 08, 2021
Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh - Payments Banks (PBs)
RBI/2021-22/20 DoR.LIC.REC.5/16.13.218/2021-22 April 8, 2021 Chief Executive Officers of Payments Banks Dear Sir/Madam, Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs) Please refer to paragraph 3 of Statement on Developmental and Regulatory Policies dated April 7, 2021 on the above subject. 2. In terms of paragraph 4(i) of the ‘Guidelines for Licensing of Payments Banks’ (Licensing Guidelines) dated
RBI/2021-22/20 DoR.LIC.REC.5/16.13.218/2021-22 April 8, 2021 Chief Executive Officers of Payments Banks Dear Sir/Madam, Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs) Please refer to paragraph 3 of Statement on Developmental and Regulatory Policies dated April 7, 2021 on the above subject. 2. In terms of paragraph 4(i) of the ‘Guidelines for Licensing of Payments Banks’ (Licensing Guidelines) dated
Apr 08, 2021
Implementation of Section 51A of UAPA, 1967 and Security Council Resolution: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List & Democratic People’s Republic of Korea (DPRK)Order, 2017
RBI/2021-22/19 DoR.AML.REC.03/14.06.001/2021-22 April 08, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 and Security Council Resolution: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List & Democratic People’s Republic of Korea (DPRK)Order, 2017 Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 01, 2021, i
RBI/2021-22/19 DoR.AML.REC.03/14.06.001/2021-22 April 08, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 and Security Council Resolution: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List & Democratic People’s Republic of Korea (DPRK)Order, 2017 Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 01, 2021, i
Apr 07, 2021
Reporting and Accounting of Central Government transactions of March 2021 - Change of date of closure
RBI/2021-22/18 DGBA.GBD.No.S26/42.01.029/2021-22 April 07, 2021 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions of March 2021 – Change of date of closure Please refer Circular DGBA.GBD.No.S-140/42.01.029/2020-21 dated March 18, 2021 where in the date of closure for reporting residual transactions of March 2021 was fixed as April 10, 2021. 2. On account of holidays on April 10 and 11, 2021 (second Saturday and Sunday respect
RBI/2021-22/18 DGBA.GBD.No.S26/42.01.029/2021-22 April 07, 2021 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions of March 2021 – Change of date of closure Please refer Circular DGBA.GBD.No.S-140/42.01.029/2020-21 dated March 18, 2021 where in the date of closure for reporting residual transactions of March 2021 was fixed as April 10, 2021. 2. On account of holidays on April 10 and 11, 2021 (second Saturday and Sunday respect
Apr 07, 2021
Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package
RBI/2021-22/17 DOR.STR.REC.4/21.04.048/2021-22 April 7, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Asset Classification and Income Recognition following the expiry of Covid-19 regulato
RBI/2021-22/17 DOR.STR.REC.4/21.04.048/2021-22 April 7, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Asset Classification and Income Recognition following the expiry of Covid-19 regulato
Apr 07, 2021
External Commercial Borrowings (ECB) Policy - Relaxation in the period of parking of unutilised ECB proceeds in term deposits
RBI/2021-22/16 A.P. (DIR Series) Circular No. 01 April 07, 2021 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Relaxation in the period of parking of unutilised ECB proceeds in term deposits Please refer to paragraph 12 of the Governor’s Statement on Developmental and Regulatory Policies dated April 07, 2021. In this connection, attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph
RBI/2021-22/16 A.P. (DIR Series) Circular No. 01 April 07, 2021 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Relaxation in the period of parking of unutilised ECB proceeds in term deposits Please refer to paragraph 12 of the Governor’s Statement on Developmental and Regulatory Policies dated April 07, 2021. In this connection, attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph
Apr 07, 2021
Priority Sector Lending (PSL) - Lending by banks to NBFCs for On-Lending
RBI/2021-22/15 FIDD.CO.Plan.BC.No.8/04.09.01/2021-22 April 7, 2021 The Chairman/ Managing DirectorChief Executive OfficerAll Scheduled Commercial Banks(Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks) Dear Sir/Madam Priority Sector Lending (PSL) - Lending by banks to NBFCs for On-Lending Please refer to our Circular No. RBI/2019-20/179 FIDD.CO.Plan.BC.No.19/04.09.01/2019-20 dated March 23, 2020 advising, inter alia, t
RBI/2021-22/15 FIDD.CO.Plan.BC.No.8/04.09.01/2021-22 April 7, 2021 The Chairman/ Managing DirectorChief Executive OfficerAll Scheduled Commercial Banks(Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks) Dear Sir/Madam Priority Sector Lending (PSL) - Lending by banks to NBFCs for On-Lending Please refer to our Circular No. RBI/2019-20/179 FIDD.CO.Plan.BC.No.19/04.09.01/2019-20 dated March 23, 2020 advising, inter alia, t
Apr 07, 2021
Priority Sector Lending (PSL) - Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) / electronic Negotiable Warehouse Receipts (eNWRs)
RBI/2021-22/14 FIDD.CO.Plan.BC.No.7/04.09.01/2021-22 April 7, 2021 The Chairman / Managing Director/ Chief Executive Officer [All Commercial Banks including Regional Rural Banks, Small Finance Banks, Local Area Banks andPrimary (Urban) Co-operative Banks other than Salary Earners’ Banks] Dear Sir/Madam Priority Sector Lending (PSL) – Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) / electronic Negotiable Warehouse Receipts (eNWRs) Plea
RBI/2021-22/14 FIDD.CO.Plan.BC.No.7/04.09.01/2021-22 April 7, 2021 The Chairman / Managing Director/ Chief Executive Officer [All Commercial Banks including Regional Rural Banks, Small Finance Banks, Local Area Banks andPrimary (Urban) Co-operative Banks other than Salary Earners’ Banks] Dear Sir/Madam Priority Sector Lending (PSL) – Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) / electronic Negotiable Warehouse Receipts (eNWRs) Plea
Apr 05, 2021
Gold Monetization Scheme (GMS), 2015
RBI/2021-22/13 DoR.AUT.REC.2/23.67.001/2021-22 April 5, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015
RBI/2021-22/13 DoR.AUT.REC.2/23.67.001/2021-22 April 5, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015
Apr 01, 2021
Amendment to Master Direction (MD) on KYC - KYC norms for Self Help Groups (SHGs)
RBI/2021-22/10 DOR.AML.BC.No.1/14.01.001/2021-22 April 1, 2021 The Chairpersons/ CEOs of all the banks Madam/Sir, Amendment to Master Direction (MD) on KYC – KYC norms for Self Help Groups (SHGs) Please refer to Section 43 of the Master Direction on KYC dated February 25, 2016 as amended from time to time, wherein simplified norms for Self Help Groups (SHGs) have been stipulated. 2. In this regard, on a review, it has been decided to amend clause (c) of Section 43 to
RBI/2021-22/10 DOR.AML.BC.No.1/14.01.001/2021-22 April 1, 2021 The Chairpersons/ CEOs of all the banks Madam/Sir, Amendment to Master Direction (MD) on KYC – KYC norms for Self Help Groups (SHGs) Please refer to Section 43 of the Master Direction on KYC dated February 25, 2016 as amended from time to time, wherein simplified norms for Self Help Groups (SHGs) have been stipulated. 2. In this regard, on a review, it has been decided to amend clause (c) of Section 43 to
Mar 31, 2021
Framework for processing of e-mandates for recurring online transactions
RBI/2020-21/118 CO.DPSS.POLC.No.S34/02-14-003/2020-2021 March 31, 2021 The Chairman / Managing Director / Chief Executive OfficerAll 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 / Card Payment Networks /Non-bank Prepaid Payment Instrument Issuers /National Payments Corporation of India Madam / Dear Sir, Frame
RBI/2020-21/118 CO.DPSS.POLC.No.S34/02-14-003/2020-2021 March 31, 2021 The Chairman / Managing Director / Chief Executive OfficerAll 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 / Card Payment Networks /Non-bank Prepaid Payment Instrument Issuers /National Payments Corporation of India Madam / Dear Sir, Frame
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