Notifications - RBI - Reserve Bank of India
Notifications
Apr 20, 2020
Provisioning on interbank exposure of Primary (Urban) Co-operative Banks (UCBs) under All Inclusive Directions
RBI/2019-20/222DOR.(PCB).BPD.Cir.No.11/16.20.000/2019-20 April 20, 2020 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Provisioning on interbank exposure of Primary (Urban) Co-operative Banks (UCBs) under All Inclusive Directions As you are aware, the imposition of All-inclusive Directions (AID) on an Urban Co-operative Bank (UCB), inter alia, restricts the bank from discharging its liabilities except as permitted by RBI. This imp
RBI/2019-20/222DOR.(PCB).BPD.Cir.No.11/16.20.000/2019-20 April 20, 2020 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Provisioning on interbank exposure of Primary (Urban) Co-operative Banks (UCBs) under All Inclusive Directions As you are aware, the imposition of All-inclusive Directions (AID) on an Urban Co-operative Bank (UCB), inter alia, restricts the bank from discharging its liabilities except as permitted by RBI. This imp
PDF (
Apr 20, 2020
Internal ML/TF risk assessment by REs - Amendment to Master Direction (MD) on KYC
RBI/2019-20/221DOR.AML.BC.No.66/14.01.001/2019-20 April 20, 2020 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Internal ML/TF risk assessment by REs - Amendment to Master Direction (MD) on KYC The Master Direction on KYC dated February 25, 2016, is hereby updated to reflect the following changes in line with Rule 9(13) of the PML Rules 2005: A new section (5A) has been added to chapter II of the MD on KYC requiring REs to carry out ‘Money Launde
RBI/2019-20/221DOR.AML.BC.No.66/14.01.001/2019-20 April 20, 2020 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Internal ML/TF risk assessment by REs - Amendment to Master Direction (MD) on KYC The Master Direction on KYC dated February 25, 2016, is hereby updated to reflect the following changes in line with Rule 9(13) of the PML Rules 2005: A new section (5A) has been added to chapter II of the MD on KYC requiring REs to carry out ‘Money Launde
Apr 17, 2020
COVID19 Regulatory Package - Asset Classification and Provisioning
RBI/2019-20/220DOR.No.BP.BC.63/21.04.048/2019-20 April 17, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, COVID19 Regulatory Package - Asset Classification and Provisioning Please refer to t
RBI/2019-20/220DOR.No.BP.BC.63/21.04.048/2019-20 April 17, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, COVID19 Regulatory Package - Asset Classification and Provisioning Please refer to t
Apr 17, 2020
COVID19 Regulatory Package - Review of Resolution Timelines under the Prudential Framework on Resolution of Stressed Assets
RBI/2019-20/219DOR.No.BP.BC.62/21.04.048/2019-20 April 17, 2020 All Scheduled Commercial Banks (excluding Regional Rural Banks); All India Financial Institutions (NABARD, NHB, EXIM Bank, and SIDBI); All Systemically Important Non-Deposit taking Non-Banking Financial Companies (NBFC-ND-SI) and Deposit taking Non-Banking Financial Companies (NBFC-D). Madam/Dear Sir, COVID19 Regulatory Package – Review of Resolution Timelines under the Prudential Framework on Resolution
RBI/2019-20/219DOR.No.BP.BC.62/21.04.048/2019-20 April 17, 2020 All Scheduled Commercial Banks (excluding Regional Rural Banks); All India Financial Institutions (NABARD, NHB, EXIM Bank, and SIDBI); All Systemically Important Non-Deposit taking Non-Banking Financial Companies (NBFC-ND-SI) and Deposit taking Non-Banking Financial Companies (NBFC-D). Madam/Dear Sir, COVID19 Regulatory Package – Review of Resolution Timelines under the Prudential Framework on Resolution
Apr 17, 2020
Declaration of dividends by banks
RBI/2019-20/218DOR.BP.BC.No.64/21.02.067/2019-20 April 17, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Banks in India have been granted general permission to declare dividends, subject to compliance with the guidelines laid out in terms of circular DBOD.NO.BP.BC.88/ 21.02.067/2004-05 dated May 4, 2005 and other associated circulars. 2. In an environment of heightened uncertainty caused by COVID-19, it is imp
RBI/2019-20/218DOR.BP.BC.No.64/21.02.067/2019-20 April 17, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Banks in India have been granted general permission to declare dividends, subject to compliance with the guidelines laid out in terms of circular DBOD.NO.BP.BC.88/ 21.02.067/2004-05 dated May 4, 2005 and other associated circulars. 2. In an environment of heightened uncertainty caused by COVID-19, it is imp
Apr 17, 2020
Basel III Framework on Liquidity Standards - Liquidity Coverage Ratio (LCR)
RBI/2019-20/217 DOR.BP.BC.No.65/21.04.098/2019-20 April 17, 2020 All Commercial Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) Madam/Dear Sir, Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR) Please refer to our circular DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014 and associated circulars thereon. 2. As part of post Global Financial Crisis (GFC) reforms, Basel Committee on Banking Supervision (BCBS) ha
RBI/2019-20/217 DOR.BP.BC.No.65/21.04.098/2019-20 April 17, 2020 All Commercial Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) Madam/Dear Sir, Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR) Please refer to our circular DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014 and associated circulars thereon. 2. As part of post Global Financial Crisis (GFC) reforms, Basel Committee on Banking Supervision (BCBS) ha
Apr 17, 2020
Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation
RBI/2019-20/216 DoR.NBFC (PD).CC.No.110/03.10.001/2019-20 April 17, 2020 All Non-Banking Financial Companies Madam/Dear Sir, Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation Please refer to paragraph 25 of Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016; and paragraph 25 of M
RBI/2019-20/216 DoR.NBFC (PD).CC.No.110/03.10.001/2019-20 April 17, 2020 All Non-Banking Financial Companies Madam/Dear Sir, Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation Please refer to paragraph 25 of Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016; and paragraph 25 of M
Apr 17, 2020
Liquidity Adjustment Facility - Reverse Repo Rate
RBI/2019-2020/215 FMOD.MAOG.No.141/01.01.001/2019-20 April 17, 2020 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility – Reverse Repo Rate As announced in Governor’s Statement today, it has been decided to reduce the interest rate on fixed rate reverse repo under the Liquidity Adjustment Facility (LAF) by 25 basis points from 4.00 per cent to@@NBSP@@3.75 per cent@@NBSP@@with immediate effect. 2. The policy repo rate under the
RBI/2019-2020/215 FMOD.MAOG.No.141/01.01.001/2019-20 April 17, 2020 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility – Reverse Repo Rate As announced in Governor’s Statement today, it has been decided to reduce the interest rate on fixed rate reverse repo under the Liquidity Adjustment Facility (LAF) by 25 basis points from 4.00 per cent to@@NBSP@@3.75 per cent@@NBSP@@with immediate effect. 2. The policy repo rate under the
Apr 15, 2020
Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF)
RBI/2019-20/214 A.P. (DIR Series) Circular No. 30 April 15, 2020 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
RBI/2019-20/214 A.P. (DIR Series) Circular No. 30 April 15, 2020 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
Apr 13, 2020
Auction of Government of India Dated Securities
RBI/2019-20/211 Ref.No.IDMD/08.02.032/2019-20 April 13, 2020 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks/All Financial Institutions/ All Primary Dealers. Dear Sir/Madam, Auction of Government of India Dated Securities Government of India has offered to sell (issue/re-issue) three dated securities for a notified amount of ₹ 20,000 crore as per the following details: Sr No Security Notified Amount (in ₹ cr
RBI/2019-20/211 Ref.No.IDMD/08.02.032/2019-20 April 13, 2020 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks/All Financial Institutions/ All Primary Dealers. Dear Sir/Madam, Auction of Government of India Dated Securities Government of India has offered to sell (issue/re-issue) three dated securities for a notified amount of ₹ 20,000 crore as per the following details: Sr No Security Notified Amount (in ₹ cr
Apr 13, 2020
Sovereign Gold Bond Scheme of the Government of India (GoI)-Procedural Guidelines - Consolidated (Updated as on September 9, 2021)
RBI/2019-20/213IDMD.CDD.2730/14.04.050/2019-20 April 13, 2020 (Updated as on September 9, 2021) All Scheduled Commercial Banks (Excluding RRBs)Designated Post OfficesStock Holding Corporation of India Ltd. (SHCIL)BSE & NSEDepositories/Depository Participants Dear Sir/Madam, Sovereign Gold Bond Scheme of the Government of India (GoI)-Procedural Guidelines - Consolidated The Sovereign Gold Bond (SGB) Scheme was first launched by Government of India (GOI) on October
RBI/2019-20/213IDMD.CDD.2730/14.04.050/2019-20 April 13, 2020 (Updated as on September 9, 2021) All Scheduled Commercial Banks (Excluding RRBs)Designated Post OfficesStock Holding Corporation of India Ltd. (SHCIL)BSE & NSEDepositories/Depository Participants Dear Sir/Madam, Sovereign Gold Bond Scheme of the Government of India (GoI)-Procedural Guidelines - Consolidated The Sovereign Gold Bond (SGB) Scheme was first launched by Government of India (GOI) on October
Apr 13, 2020
Sovereign Gold Bond Scheme (SGB) 2020-21- Series I, II, III, IV, V, VI
RBI/2019-20/212 IDMD.CDD. No.2729/14.04.050/2019-20 April 13, 2020 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) 2020-21- Series I, II, III, IV, V, VI Government of India has vide its Notification No F.No4.(4)-B (W&M)/2020 dated April 13, 20
RBI/2019-20/212 IDMD.CDD. No.2729/14.04.050/2019-20 April 13, 2020 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) 2020-21- Series I, II, III, IV, V, VI Government of India has vide its Notification No F.No4.(4)-B (W&M)/2020 dated April 13, 20
Apr 07, 2020
Risk Management and Inter-bank Dealings - Hedging of foreign exchange risk
RBI/2019-20/210 A.P.(DIR Series) Circular No. 29 April 7, 2020 To, Authorised Dealers Category – I Madam / Sir, Risk Management and Inter-bank Dealings – Hedging of foreign exchange risk Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to 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 time to time and Master D
RBI/2019-20/210 A.P.(DIR Series) Circular No. 29 April 7, 2020 To, Authorised Dealers Category – I Madam / Sir, Risk Management and Inter-bank Dealings – Hedging of foreign exchange risk Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to 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 time to time and Master D
Apr 03, 2020
Auction of Government of India Dated Securities
RBI/2019-20/209 Ref.No.IDMD/08.02.032/2019-20 April 3, 2020 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary Dealers. Dear Sir/Madam, Auction of Government of India Dated Securities Government of India has offered to sell (issue/re-issue) three dated securities for a notified amount of ₹19,000 crore as per the following details: Sr No Security Notified Amount (in ₹ cror
RBI/2019-20/209 Ref.No.IDMD/08.02.032/2019-20 April 3, 2020 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/All Primary Dealers. Dear Sir/Madam, Auction of Government of India Dated Securities Government of India has offered to sell (issue/re-issue) three dated securities for a notified amount of ₹19,000 crore as per the following details: Sr No Security Notified Amount (in ₹ cror
Apr 03, 2020
Rupee Drawing Arrangement - Remittance to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund
RBI/2019-20/208 A. P. (DIR Series) Circular No. 28 April 03, 2020 To, All Authorised Dealer Category - I Banks Madam / Sir, Rupee Drawing Arrangement – Remittance to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund Attention of Authorised Dealer Category – I (AD Cat – I) banks is invited to Paragraph 4 of the Master Direction – Opening and Maintenance of Rupee/Foreign currency Vostro Accounts of Non-Resident Exchange Houses da
RBI/2019-20/208 A. P. (DIR Series) Circular No. 28 April 03, 2020 To, All Authorised Dealer Category - I Banks Madam / Sir, Rupee Drawing Arrangement – Remittance to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund Attention of Authorised Dealer Category – I (AD Cat – I) banks is invited to Paragraph 4 of the Master Direction – Opening and Maintenance of Rupee/Foreign currency Vostro Accounts of Non-Resident Exchange Houses da
Apr 01, 2020
Amendment to Master Direction (MD) on KYC
RBI/2019-20/207DOR.AML.BC.No.61/14.01.001/2019-20 April 01, 2020 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC Government of India, vide Gazette Notification G.S.R. 228(E) dated March 31, 2020 has notified amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. 2. Consequent to the aforementioned amendment to the PML Rules, Master Direction on KYC dated February 25, 2016 has
RBI/2019-20/207DOR.AML.BC.No.61/14.01.001/2019-20 April 01, 2020 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC Government of India, vide Gazette Notification G.S.R. 228(E) dated March 31, 2020 has notified amendment to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005. 2. Consequent to the aforementioned amendment to the PML Rules, Master Direction on KYC dated February 25, 2016 has
Apr 01, 2020
Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Relaxation
RBI/2019-20/206 A. P. (DIR Series) Circular No. 27 April 01, 2020 To, All Authorised Dealer Category – I Banks Madam / Sir, Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Relaxation The Government of India as well as the Reserve Bank has been receiving representations from Exporters Trade bodies to extend the period of realisation of export proceeds in view of the outbreak of pandemic COVID- 19. It has, therefore, been decided, in consul
RBI/2019-20/206 A. P. (DIR Series) Circular No. 27 April 01, 2020 To, All Authorised Dealer Category – I Banks Madam / Sir, Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Relaxation The Government of India as well as the Reserve Bank has been receiving representations from Exporters Trade bodies to extend the period of realisation of export proceeds in view of the outbreak of pandemic COVID- 19. It has, therefore, been decided, in consul
Apr 01, 2020
Exim Bank's Government of India supported Line of Credit (LoC) of USD 161.36 million to the Government of the Republic of Burundi
RBI/2019-20/205 A.P. (DIR Series) Circular No.26 April 01, 2020 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 161.36 million to the Government of the Republic of Burundi Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 02, 2019 with the Government of the Republic of Burundi, for making available to the latter, Government of India supported Line of Credit (LoC) of
RBI/2019-20/205 A.P. (DIR Series) Circular No.26 April 01, 2020 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 161.36 million to the Government of the Republic of Burundi Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 02, 2019 with the Government of the Republic of Burundi, for making available to the latter, Government of India supported Line of Credit (LoC) of
Mar 31, 2020
Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2020
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI 400 001 Notification No. FEMA 23(R)/(3)/2020-RB March 31, 2020 Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2020 In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of section 7 and clause (b) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI 400 001 Notification No. FEMA 23(R)/(3)/2020-RB March 31, 2020 Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2020 In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of section 7 and clause (b) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following
Mar 31, 2020
Appointment of Managing Director and Chief Executive Officer (MD & CEO) / CEO / part-time Chairperson (PTC) in Banks - ‘Declaration and Undertaking’ and allied matters
RBI/2019-20/204 DoR.Appt.No.58/29.67.001/2019-20 March 31, 2020 All Private Sector Banks (including Local Area Banks, Small Finance Banks, Payments Banks) and Foreign Banks operating in India Madam / Dear Sir, Appointment of Managing Director and Chief Executive Officer (MD & CEO) / CEO / part-time Chairperson (PTC) in Banks – ‘Declaration and Undertaking’ and allied matters To complete the appointment of Managing Director and Chief Executive Officer (MD & CEO
RBI/2019-20/204 DoR.Appt.No.58/29.67.001/2019-20 March 31, 2020 All Private Sector Banks (including Local Area Banks, Small Finance Banks, Payments Banks) and Foreign Banks operating in India Madam / Dear Sir, Appointment of Managing Director and Chief Executive Officer (MD & CEO) / CEO / part-time Chairperson (PTC) in Banks – ‘Declaration and Undertaking’ and allied matters To complete the appointment of Managing Director and Chief Executive Officer (MD & CEO
Mar 31, 2020
Doorstep Banking Services for Senior Citizens and Differently Abled Persons
RBI/2019-20/203 DOR.CO.Leg.BC.No.59/09.07.005/2019-20 March 31, 2020 All Scheduled Commercial Banks (including RRBs)All Payments BanksAll Small Finance BanksAll Local Area Banks Dear Sir/Madam Doorstep Banking Services for Senior Citizens and Differently Abled Persons Please refer to para 2(g) of our circular DBR.No.Leg.BC.96/09.07.005/2017-18 dated November 9, 2017 on the captioned subject. 2. Banks were advised to make concerted efforts to offer certain basic bankin
RBI/2019-20/203 DOR.CO.Leg.BC.No.59/09.07.005/2019-20 March 31, 2020 All Scheduled Commercial Banks (including RRBs)All Payments BanksAll Small Finance BanksAll Local Area Banks Dear Sir/Madam Doorstep Banking Services for Senior Citizens and Differently Abled Persons Please refer to para 2(g) of our circular DBR.No.Leg.BC.96/09.07.005/2017-18 dated November 9, 2017 on the captioned subject. 2. Banks were advised to make concerted efforts to offer certain basic bankin
Mar 31, 2020
Short Term Crop Loans eligible for Interest Subvention Scheme (ISS) and Prompt Repayment Incentive (PRI) through KCC
RBI/2019-20/202 FIDD.CO.FSD.BC.No.23/05.02.001/2019-20 March 31, 2020 The Chairman/Managing Director/Executive Officer All Public & Private Sector Scheduled Commercial Banks (Excluding Regional Rural Banks and Small Finance Banks) Madam/Sir, Short Term Crop Loans eligible for Interest Subvention Scheme (ISS) and Prompt Repayment Incentive (PRI) through KCC Please refer to the circular FIDD.CO.FSD.BC.No.1785/05.02.001/2019-20, dated February 26, 2020 advising banks
RBI/2019-20/202 FIDD.CO.FSD.BC.No.23/05.02.001/2019-20 March 31, 2020 The Chairman/Managing Director/Executive Officer All Public & Private Sector Scheduled Commercial Banks (Excluding Regional Rural Banks and Small Finance Banks) Madam/Sir, Short Term Crop Loans eligible for Interest Subvention Scheme (ISS) and Prompt Repayment Incentive (PRI) through KCC Please refer to the circular FIDD.CO.FSD.BC.No.1785/05.02.001/2019-20, dated February 26, 2020 advising banks
Mar 30, 2020
Amalgamation of Public Sector Banks - Assignment of SLBC/ UTLBC Convenorship and Lead Bank responsibilities
RBI/2019-20/197 FIDD.CO.LBS.BC.No.22/02.01.001/2019-20 March 30, 2020 The Chairmen/ Managing Directors & CEOs SLBC/ UTLBC Convenor Banks and Lead Banks Madam / Dear Sir, Amalgamation of Public Sector Banks - Assignment of SLBC/ UTLBC Convenorship and Lead Bank responsibilities The amalgamations of Oriental Bank of Commerce and United Bank of India with Punjab National Bank; Andhra Bank and Corporation Bank with Union Bank of India; Syndicate Bank with Canara Bank
RBI/2019-20/197 FIDD.CO.LBS.BC.No.22/02.01.001/2019-20 March 30, 2020 The Chairmen/ Managing Directors & CEOs SLBC/ UTLBC Convenor Banks and Lead Banks Madam / Dear Sir, Amalgamation of Public Sector Banks - Assignment of SLBC/ UTLBC Convenorship and Lead Bank responsibilities The amalgamations of Oriental Bank of Commerce and United Bank of India with Punjab National Bank; Andhra Bank and Corporation Bank with Union Bank of India; Syndicate Bank with Canara Bank
Mar 30, 2020
‘Fully Accessible Route’ for Investment by Non-residents in Government Securities - (specified securities)
RBI/2019-20/201 FMRD.FMSD.No.25/14.01.006/2019-20 March 30, 2020 To All participants in Government Securities market Madam/Sir, ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities A reference is invited to the announcement made in the Union Budget 2020-21 that certain specified categories of Central Government securities would be opened fully for non-resident investors without any restrictions, apart from being available to domestic inves
RBI/2019-20/201 FMRD.FMSD.No.25/14.01.006/2019-20 March 30, 2020 To All participants in Government Securities market Madam/Sir, ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities A reference is invited to the announcement made in the Union Budget 2020-21 that certain specified categories of Central Government securities would be opened fully for non-resident investors without any restrictions, apart from being available to domestic inves
Mar 30, 2020
‘Fully Accessible Route’ for Investment by Non-residents in Government Securities
RBI/2019-20/200 A.P. (DIR Series) Circular No. 25 March 30, 2020 To All Authorized Persons Madam / Sir ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the following regulations / directions, as amended from time to time, and the relevant directions issued thereunder: Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification
RBI/2019-20/200 A.P. (DIR Series) Circular No. 25 March 30, 2020 To All Authorized Persons Madam / Sir ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the following regulations / directions, as amended from time to time, and the relevant directions issued thereunder: Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification
Mar 30, 2020
Investment by Foreign Portfolio Investors (FPI): Investment limits
RBI/2019-20/199 A.P. (DIR Series) Circular No. 24 March 30, 2020 To, All Authorized Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI): Investment limits 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 the relevant directions issued there
RBI/2019-20/199 A.P. (DIR Series) Circular No. 24 March 30, 2020 To, All Authorized Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI): Investment limits 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 the relevant directions issued there
Mar 30, 2020
Special Clearing Operations on March 31, 2020
RBI/2019-20/198 DPSS.CO.RPPD.No./1864/03.01.03/2019-20 March 30, 2020 The Chairman and 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 / Local Area Banks / Payment Banks / Small Finance Banks Madam / Dear Sir, Special Clearing Operations on March 31, 2020 A reference is invited to the circular issued by Department of Gov
RBI/2019-20/198 DPSS.CO.RPPD.No./1864/03.01.03/2019-20 March 30, 2020 The Chairman and 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 / Local Area Banks / Payment Banks / Small Finance Banks Madam / Dear Sir, Special Clearing Operations on March 31, 2020 A reference is invited to the circular issued by Department of Gov
Mar 28, 2020
‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 - Modifications to existing norms
RBI/2019-20/196 DOR.NBD.No.44/16.13.218/2019-20 March 28, 2020 Managing Director and Chief Executive Officers of Small Finance Banks Madam / Dear Sir, ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 – Modifications to existing norms Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 under which licenses were issued to 10 Small Finance Banks (SFBs) and the ‘Guidelin
RBI/2019-20/196 DOR.NBD.No.44/16.13.218/2019-20 March 28, 2020 Managing Director and Chief Executive Officers of Small Finance Banks Madam / Dear Sir, ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 – Modifications to existing norms Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 under which licenses were issued to 10 Small Finance Banks (SFBs) and the ‘Guidelin
Mar 27, 2020
Implementation of Section 51A of UAPA, 1967 - Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Deletion of one individual
RBI/2019-20/195 DOR.AML.BC.No.58/14.06.001/2019-20 March 27, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 - Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Deletion of one individual Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure tha
RBI/2019-20/195 DOR.AML.BC.No.58/14.06.001/2019-20 March 27, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 - Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Deletion of one individual Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure tha
Mar 27, 2020
Risk Management and Inter-bank Dealings- Participation of Banks in Offshore Non-deliverable Rupee Derivative Markets
RBI/2019-20/193 A.P. (DIR Series) Circular No.23 March 27, 2020 All Authorised Dealer Category-I Banks Madam / Sir, Risk Management and Inter-bank Dealings- Participation of Banks in Offshore Non-deliverable Rupee Derivative Markets Attention is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 (Notification no. FEMA.25/RB-2000 dated May 3, 2000), as amended from time to time, and Master Direction- Risk Management and
RBI/2019-20/193 A.P. (DIR Series) Circular No.23 March 27, 2020 All Authorised Dealer Category-I Banks Madam / Sir, Risk Management and Inter-bank Dealings- Participation of Banks in Offshore Non-deliverable Rupee Derivative Markets Attention is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 (Notification no. FEMA.25/RB-2000 dated May 3, 2000), as amended from time to time, and Master Direction- Risk Management and
Mar 27, 2020
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2019-20)
RBI/2019-20/194 DGBA.GBD.No.1799/42.01.029/2019-20 March 27, 2020 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2019-20) All government transactions done by agency banks for Financial Year 2019-20 must be accounted for within the same financial year. Taking into account the current unprecedented situation across the country to tackle the Covid-19
RBI/2019-20/194 DGBA.GBD.No.1799/42.01.029/2019-20 March 27, 2020 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2019-20) All government transactions done by agency banks for Financial Year 2019-20 must be accounted for within the same financial year. Taking into account the current unprecedented situation across the country to tackle the Covid-19
Mar 27, 2020
Maintenance of Cash Reserve Ratio (CRR)
RBI/2019-20/191 DOR.No.Ret.BC.49/12.01.001/2019-20 March 27, 2020 All Banks Dear Sir / Madam Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular DBOD.No.Ret.BC.76/12.01.001/2012-13 dated January 29, 2013 and Circular RPCD.CO.RCB.RRB.BC.No.61/03.05.33/2012-13 dated January 29, 2013 on the captioned subject. 2. As announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020, it has been decided to reduce the Cash Reserve Ratio
RBI/2019-20/191 DOR.No.Ret.BC.49/12.01.001/2019-20 March 27, 2020 All Banks Dear Sir / Madam Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular DBOD.No.Ret.BC.76/12.01.001/2012-13 dated January 29, 2013 and Circular RPCD.CO.RCB.RRB.BC.No.61/03.05.33/2012-13 dated January 29, 2013 on the captioned subject. 2. As announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020, it has been decided to reduce the Cash Reserve Ratio
Mar 27, 2020
Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement
RBI/2019-20/192 DOR.No.Ret.BC.51/12.01.001/2019-20 March 27, 2020 All Scheduled Banks Dear Sir/Madam Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to our Circular DBR.No.Ret.BC.91/12.01.001/2015-16 dated April 05, 2016 on the captioned subject. 2. As announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020, it has been decided to reduce the minimum daily ma
RBI/2019-20/192 DOR.No.Ret.BC.51/12.01.001/2019-20 March 27, 2020 All Scheduled Banks Dear Sir/Madam Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Daily Minimum Cash Reserve Maintenance Requirement Please refer to our Circular DBR.No.Ret.BC.91/12.01.001/2015-16 dated April 05, 2016 on the captioned subject. 2. As announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020, it has been decided to reduce the minimum daily ma
Mar 27, 2020
Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR) - Marginal Standing Facility (MSF)
RBI/2019-20/189 DOR.No.Ret.BC.52/12.01.001/2019-20 March 27, 2020 All Scheduled Banks (excluding Regional Rural Banks) Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) Please refer to our Circular DBOD.No.Ret.BC.95/12.02.001/2011-12 dated April 17, 2012, Circular UBD.BPD.(SCB).Cir.No.1/16.27.000/2014-15 dated October 29, 2014 and DCBR.BPD.(PCB/RCB).Cir.No.3/16.27.000/201
RBI/2019-20/189 DOR.No.Ret.BC.52/12.01.001/2019-20 March 27, 2020 All Scheduled Banks (excluding Regional Rural Banks) Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) Please refer to our Circular DBOD.No.Ret.BC.95/12.02.001/2011-12 dated April 17, 2012, Circular UBD.BPD.(SCB).Cir.No.1/16.27.000/2014-15 dated October 29, 2014 and DCBR.BPD.(PCB/RCB).Cir.No.3/16.27.000/201
Mar 27, 2020
Change in Bank Rate
RBI/2019-20/190 DOR.No.Ret.BC.53/12.01.001/2019-20 March 27, 2020 All Scheduled and Non Scheduled Banks Dear Sir/Madam Change in Bank Rate Please refer to our circular DBR.No.Ret.BC.19/12.01.001/2019-20 dated October 04, 2019, on the captioned subject. 2. As announced in the Seventh Bi-Monthly Monetary Policy Statement 2019-20 of March 27, 2020, the Bank Rate is revised downwards by 75 basis points from 5.40 per cent to 4.65 per cent with immediate effect. 3. All pena
RBI/2019-20/190 DOR.No.Ret.BC.53/12.01.001/2019-20 March 27, 2020 All Scheduled and Non Scheduled Banks Dear Sir/Madam Change in Bank Rate Please refer to our circular DBR.No.Ret.BC.19/12.01.001/2019-20 dated October 04, 2019, on the captioned subject. 2. As announced in the Seventh Bi-Monthly Monetary Policy Statement 2019-20 of March 27, 2020, the Bank Rate is revised downwards by 75 basis points from 5.40 per cent to 4.65 per cent with immediate effect. 3. All pena
Mar 27, 2020
Legal Entity Identifier: Extension of deadline
RBI/2019-20/185 FMRD.FMID.No.24/11.01.007/2019-20 March 27, 2020 To All eligible market participants Dear Sir/Madam, Legal Entity Identifier: Extension of deadline A reference is invited to circular FMRD.FMID.No.10/11.01.007/2018-19 dated November 29, 2018 issued by Reserve Bank of India on requirement of Legal Entity Identifier (LEI) for participation in non-derivative markets. Reference is also invited to circular FMRD.FMID.No.15/11.01.007/2018-19 dated April 26, 20
RBI/2019-20/185 FMRD.FMID.No.24/11.01.007/2019-20 March 27, 2020 To All eligible market participants Dear Sir/Madam, Legal Entity Identifier: Extension of deadline A reference is invited to circular FMRD.FMID.No.10/11.01.007/2018-19 dated November 29, 2018 issued by Reserve Bank of India on requirement of Legal Entity Identifier (LEI) for participation in non-derivative markets. Reference is also invited to circular FMRD.FMID.No.15/11.01.007/2018-19 dated April 26, 20
Mar 27, 2020
Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)
RBI/2019-20/187 DOR.BP.BC.No.46/21.04.098/2019-20 March 27, 2020 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to paragraph 8 of Statement on Developmental and Regulatory Policies of Seventh Bi-monthly Monetary Policy Statement, 2019-20 dated March 27, 2020 and our circular DBR.BP.BC.No.08/21.04.098/2018-19 dated November 29, 2018 on final Net Stable Funding Rat
RBI/2019-20/187 DOR.BP.BC.No.46/21.04.098/2019-20 March 27, 2020 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to paragraph 8 of Statement on Developmental and Regulatory Policies of Seventh Bi-monthly Monetary Policy Statement, 2019-20 dated March 27, 2020 and our circular DBR.BP.BC.No.08/21.04.098/2018-19 dated November 29, 2018 on final Net Stable Funding Rat
Mar 27, 2020
Basel III Capital Regulations - Review of transitional arrangements
RBI/2019-20/188 DOR.BP.BC.No.45/21.06.201/2019-20 March 27, 2020 All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations - Review of transitional arrangements As announced in para 9 of the Statement on Developmental and Regulatory Policies issued along with the Seventh Bi-monthly Monetary Policy Statement 2019-20, the implementation of the last tranche of 0.625% of Capital Conservation Buffer (CCB) shall stand deferred fr
RBI/2019-20/188 DOR.BP.BC.No.45/21.06.201/2019-20 March 27, 2020 All Scheduled Commercial Banks (Excluding RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations - Review of transitional arrangements As announced in para 9 of the Statement on Developmental and Regulatory Policies issued along with the Seventh Bi-monthly Monetary Policy Statement 2019-20, the implementation of the last tranche of 0.625% of Capital Conservation Buffer (CCB) shall stand deferred fr
Mar 27, 2020
COVID-19 - Regulatory Package
RBI/2019-20/186 DOR.No.BP.BC.47/21.04.048/2019-20 March 27, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative BanksAll All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, COVID-19 – Regulatory Package Please refer to the Statement of Development and Regula
RBI/2019-20/186 DOR.No.BP.BC.47/21.04.048/2019-20 March 27, 2020 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative BanksAll All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, COVID-19 – Regulatory Package Please refer to the Statement of Development and Regula
Mar 27, 2020
Standing Liquidity Facility for Primary Dealers
RBI/2019-20/184 REF.No.MPD.BC.390/07.01.279/2019-20 March 27, 2020 All Primary Dealers, Standing Liquidity Facility for Primary Dealers In the Seventh Bi-monthly Monetary Policy Statement 2019-20 of the Monetary Policy Committee (MPC) of March 27, 2020, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 75 basis points to 4.40 per cent from 5.15 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided
RBI/2019-20/184 REF.No.MPD.BC.390/07.01.279/2019-20 March 27, 2020 All Primary Dealers, Standing Liquidity Facility for Primary Dealers In the Seventh Bi-monthly Monetary Policy Statement 2019-20 of the Monetary Policy Committee (MPC) of March 27, 2020, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 75 basis points to 4.40 per cent from 5.15 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided
Mar 27, 2020
Marginal Standing Facility
RBI/2019-2020/183FMOD.MAOG.No.139/01.18.001/2019-20 March 27, 2020 All Marginal Standing Facility (MSF) participants Madam/Sir, Marginal Standing Facility As announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20 today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 75 basis points from 5.15 per cent to 4.40 per cent with immediate effect. 2. Consequently, the M
RBI/2019-2020/183FMOD.MAOG.No.139/01.18.001/2019-20 March 27, 2020 All Marginal Standing Facility (MSF) participants Madam/Sir, Marginal Standing Facility As announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20 today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 75 basis points from 5.15 per cent to 4.40 per cent with immediate effect. 2. Consequently, the M
Mar 27, 2020
Liquidity Adjustment Facility - Repo and Reverse Repo Rates
RBI/2019-2020/182 FMOD.MAOG.No.140/01.01.001/2019-20 March 27, 2020 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates As announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 75 basis points from 5.15 per cent to 4.40 per cent with im
RBI/2019-2020/182 FMOD.MAOG.No.140/01.01.001/2019-20 March 27, 2020 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility – Repo and Reverse Repo Rates As announced in the Seventh Bi-monthly Monetary Policy Statement, 2019-20, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 75 basis points from 5.15 per cent to 4.40 per cent with im
Mar 26, 2020
Formation of new district in the State of Chhattisgarh - Assignment of Lead Bank Responsibility
RBI/2019-20/181 FIDD.CO.LBS.BC.No.21/02.08.001/2019-20 March 26, 2020 The Chairmen / Managing Directors & Chief Executive OfficersAll Lead Banks Madam/ Dear Sir, Formation of new district in the State of Chhattisgarh – Assignment of Lead Bank Responsibility The Government of Chhattisgarh vide Gazette Notification No. F11-04/2019/Seven-4 dated December 30, 2019 had notified the formation of one new district viz. Gaurela- Pendra-Marwahi in the State of Chhattisgarh
RBI/2019-20/181 FIDD.CO.LBS.BC.No.21/02.08.001/2019-20 March 26, 2020 The Chairmen / Managing Directors & Chief Executive OfficersAll Lead Banks Madam/ Dear Sir, Formation of new district in the State of Chhattisgarh – Assignment of Lead Bank Responsibility The Government of Chhattisgarh vide Gazette Notification No. F11-04/2019/Seven-4 dated December 30, 2019 had notified the formation of one new district viz. Gaurela- Pendra-Marwahi in the State of Chhattisgarh
Mar 26, 2020
Formation of new Union Territory of The Dadra and Nagar Haveli and Daman and Diu - Assignment of UTLBC Convenorship
RBI/2019-20/180 FIDD.CO.LBS.BC.No.20/02.01.001/2019-20 March 26, 2020 The Chairmen/ Managing Directors & CEOs SLBC/ UTLBC Convenor Banks Madam/ Dear Sir, Formation of new Union Territory of The Dadra and Nagar Haveli and Daman and Diu - Assignment of UTLBC Convenorship As per the Gazette of India Notifications No.44 of 2019 dated December 9, 2019 on ‘The Dadra and Nagar Haveli and Daman and Diu (Merger of Union Territories) Act, 2019’ and S.O.4542 (E) dated Decemb
RBI/2019-20/180 FIDD.CO.LBS.BC.No.20/02.01.001/2019-20 March 26, 2020 The Chairmen/ Managing Directors & CEOs SLBC/ UTLBC Convenor Banks Madam/ Dear Sir, Formation of new Union Territory of The Dadra and Nagar Haveli and Daman and Diu - Assignment of UTLBC Convenorship As per the Gazette of India Notifications No.44 of 2019 dated December 9, 2019 on ‘The Dadra and Nagar Haveli and Daman and Diu (Merger of Union Territories) Act, 2019’ and S.O.4542 (E) dated Decemb
Mar 23, 2020
Priority Sector Lending - Lending by banks to NBFCs for On-Lending
RBI/2019-20/179 FIDD.CO.Plan.BC.No.19/04.09.01/2019-20 March 23, 2020 The Chairman/ Managing Director Chief Executive Officer All Scheduled Commercial Banks (Excluding Regional Rural Banks & Small Finance Banks) Dear Sir/ Madam, Priority Sector Lending - Lending by banks to NBFCs for On-Lending Please refer to our Circular No. FIDD.CO.Plan.BC.07/04.09.01/2019-20 dated August 13, 2019 advising, inter alia, that the bank loans to registered NBFCs (other than MFIs) f
RBI/2019-20/179 FIDD.CO.Plan.BC.No.19/04.09.01/2019-20 March 23, 2020 The Chairman/ Managing Director Chief Executive Officer All Scheduled Commercial Banks (Excluding Regional Rural Banks & Small Finance Banks) Dear Sir/ Madam, Priority Sector Lending - Lending by banks to NBFCs for On-Lending Please refer to our Circular No. FIDD.CO.Plan.BC.07/04.09.01/2019-20 dated August 13, 2019 advising, inter alia, that the bank loans to registered NBFCs (other than MFIs) f
Mar 23, 2020
Large Exposures Framework
RBI/2019-20/178 DOR.No.BP.BC.43 /21.01.003/2019-20 March 23, 2020 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework Please refer to our circular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 on the captioned subject. 2. In terms of para 7.13 of the circular, any Credit Risk Mitigation (CRM) instrument (e.g. SBLC/BG from Head Office/other overseas branch) from which CRM benefits like shifting of exposur
RBI/2019-20/178 DOR.No.BP.BC.43 /21.01.003/2019-20 March 23, 2020 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework Please refer to our circular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 on the captioned subject. 2. In terms of para 7.13 of the circular, any Credit Risk Mitigation (CRM) instrument (e.g. SBLC/BG from Head Office/other overseas branch) from which CRM benefits like shifting of exposur
Mar 17, 2020
Settlement system under Asian Clearing Union (ACU) Mechanism
RBI/2019-20/177 A. P. (DIR Series) Circular No. 22 March 17, 2020 To, All Authorised Dealer Category - I Banks Madam / Sir, Settlement system under Asian Clearing Union (ACU) Mechanism The Board of Directors of ACU have decided to permit Japanese Yen for settling payments among the ACU member countries. Accordingly, clause (a) and (b) of Article IV of the General Provisions of Agreement establishing the Asian Clearing Union have been revised and the Asian Monetary Uni
RBI/2019-20/177 A. P. (DIR Series) Circular No. 22 March 17, 2020 To, All Authorised Dealer Category - I Banks Madam / Sir, Settlement system under Asian Clearing Union (ACU) Mechanism The Board of Directors of ACU have decided to permit Japanese Yen for settling payments among the ACU member countries. Accordingly, clause (a) and (b) of Article IV of the General Provisions of Agreement establishing the Asian Clearing Union have been revised and the Asian Monetary Uni
Mar 17, 2020
Issue of Long Term Bonds by Banks - Financing of Infrastructure and Affordable Housing
RBI/2019-20/176 DOR.No.BP.BC.41/08.12.014/2019-20 March 17, 2020 All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing Please refer to the circular DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014 and subsequent circulars on the above subject. Also refer to the circular DBR.BP.BC.No.42/08.12.014/2016-17 dated December 1, 2016 advising that for the purpose of defini
RBI/2019-20/176 DOR.No.BP.BC.41/08.12.014/2019-20 March 17, 2020 All Scheduled Commercial Banks (excluding RRBs) Madam / Dear Sir, Issue of Long Term Bonds by Banks – Financing of Infrastructure and Affordable Housing Please refer to the circular DBOD.BP.BC.No.25/08.12.014/2014-15 dated July 15, 2014 and subsequent circulars on the above subject. Also refer to the circular DBR.BP.BC.No.42/08.12.014/2016-17 dated December 1, 2016 advising that for the purpose of defini
Install the RBI mobile application and get quick access to the latest news!
Page Last Updated on: November 23, 2022
Page Last Updated on: September 24, 2024
