Notifications - Regulating Commercial Banking - RBI - Reserve Bank of India
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Aug 09, 2021
Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR) - Marginal Standing Facility (MSF) - Extension of Relaxation
RBI/2021-22/82 DOR.RET.REC.36/12.01.001/2021-22 August 09, 2021 All Scheduled Banks Madam/Sir Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation Please refer to circular DOR.No.Ret.BC.36/12.01.001/2020-21 dated February 05, 2021, on Marginal Standing Facility (MSF), wherein the banks were allowed to avail of funds under the MSF by dipping into the Statutory Liquid
RBI/2021-22/82 DOR.RET.REC.36/12.01.001/2021-22 August 09, 2021 All Scheduled Banks Madam/Sir Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation Please refer to circular DOR.No.Ret.BC.36/12.01.001/2020-21 dated February 05, 2021, on Marginal Standing Facility (MSF), wherein the banks were allowed to avail of funds under the MSF by dipping into the Statutory Liquid
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Aug 06, 2021
Prudential Norms for Off-Balance Sheet Exposures of Banks - Restructuring of derivative contracts
RBI/2021-22/81 DOR.MRG.39/21.04.157/2021-22 August 06, 2021 All Banks Madam / Dear Sir, Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts Please refer to paragraph 2.2 of our circular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008, in terms of which any change in any of the parameters of the original derivative contract would be treated as a restructuring. 2. In this context, it is clarified that change in the
RBI/2021-22/81 DOR.MRG.39/21.04.157/2021-22 August 06, 2021 All Banks Madam / Dear Sir, Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts Please refer to paragraph 2.2 of our circular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008, in terms of which any change in any of the parameters of the original derivative contract would be treated as a restructuring. 2. In this context, it is clarified that change in the
Aug 06, 2021
Resolution Framework for COVID-19-related Stress - Financial Parameters - Revised timelines for compliance
RBI/2021-22/80 DOR.STR.REC.38/21.04.048/2021-22 August 6, 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 for COVID-19-related Stress – Financial Parameters – Revised t
RBI/2021-22/80 DOR.STR.REC.38/21.04.048/2021-22 August 6, 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 for COVID-19-related Stress – Financial Parameters – Revised t
Aug 06, 2021
Export Credit in Foreign Currency - Benchmark Rate
RBI/2021-2022/79 DOR.DIR.REC.37/04.02.002/2021-22 August 6, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks)All Primary (Urban) Co-operative Banks1 All Small Finance Banks Dear Sir / Madam, Export Credit in Foreign Currency – Benchmark Rate Please refer to Master Circular DBR.No.DIR.BC.14/04.02.002/2015-16 dated July 1, 2015 on Rupee / Foreign Currency Export Credit and Customer Service to Exporters. 2. As per the extant guidelines, authorized deal
RBI/2021-2022/79 DOR.DIR.REC.37/04.02.002/2021-22 August 6, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks)All Primary (Urban) Co-operative Banks1 All Small Finance Banks Dear Sir / Madam, Export Credit in Foreign Currency – Benchmark Rate Please refer to Master Circular DBR.No.DIR.BC.14/04.02.002/2015-16 dated July 1, 2015 on Rupee / Foreign Currency Export Credit and Customer Service to Exporters. 2. As per the extant guidelines, authorized deal
Aug 04, 2021
Guidelines for Implementation of the circular on Opening of Current Accounts by Banks
RBI/2021-22/77 DOR.CRE.REC.35/21.04.048/2021-22 August 04, 2021 To, All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Guidelines for Implementation of the circular on Opening of Current Accounts by Banks Please refer to circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020, DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 and DOR.No.BP.BC.30/21.04.048/2020-21 dated December 14, 2020 on Opening of Current Accounts by Banks - Need for
RBI/2021-22/77 DOR.CRE.REC.35/21.04.048/2021-22 August 04, 2021 To, All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Guidelines for Implementation of the circular on Opening of Current Accounts by Banks Please refer to circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020, DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 and DOR.No.BP.BC.30/21.04.048/2020-21 dated December 14, 2020 on Opening of Current Accounts by Banks - Need for
Jul 23, 2021
Loans and Advances - Regulatory Restrictions
RBI/2021-22/72 DOR.CRE.REC.No.33/13.03.00/2021-22 July 23, 2021 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Local Area Banks Madam / Dear Sir, Loans and Advances – Regulatory Restrictions Please refer to paragraphs 2.2.1.2, 2.2.1.4 and paragraph 2.2.1.5 of Master Circular on Loans and Advances - Statutory and Other Restrictions dated July 01, 2015. 2. On a review, it has been decided that i) For personal loans granted to any director of
RBI/2021-22/72 DOR.CRE.REC.No.33/13.03.00/2021-22 July 23, 2021 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Local Area Banks Madam / Dear Sir, Loans and Advances – Regulatory Restrictions Please refer to paragraphs 2.2.1.2, 2.2.1.4 and paragraph 2.2.1.5 of Master Circular on Loans and Advances - Statutory and Other Restrictions dated July 01, 2015. 2. On a review, it has been decided that i) For personal loans granted to any director of
Jul 09, 2021
Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation
RBI/2021-22/70 DoR.ORG.REC.31/21.06.017/2021-22 July 9, 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 Dear Sir, Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation Please refer to our circular DBR.No.BP.BC.88/21.04.048/2014-15 dated April 23, 2015, advising banks to implement a ‘Mandat
RBI/2021-22/70 DoR.ORG.REC.31/21.06.017/2021-22 July 9, 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 Dear Sir, Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation Please refer to our circular DBR.No.BP.BC.88/21.04.048/2014-15 dated April 23, 2015, advising banks to implement a ‘Mandat
Jul 08, 2021
Inclusion of “Shivalik Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
RBI/2021-22/68 DoR.RET.REC.30/12.07.150/2021-22 July 07, 2021 All Scheduled Commercial Banks Dear Sir/Madam Inclusion of “Shivalik Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 We advise that “Shivalik Small Finance Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.(Shivalik SFB).No.S159/16.13.223/2021-22 dated June 15, 2021 and published in the Gazette of
RBI/2021-22/68 DoR.RET.REC.30/12.07.150/2021-22 July 07, 2021 All Scheduled Commercial Banks Dear Sir/Madam Inclusion of “Shivalik Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 We advise that “Shivalik Small Finance Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.(Shivalik SFB).No.S159/16.13.223/2021-22 dated June 15, 2021 and published in the Gazette of
Jul 02, 2021
Review of Instructions on Interest on overdue domestic deposits
RBI/2021-22/66 DoR.SPE.REC.29/13.03.00/2021-2022 July 02, 2021 All Scheduled Commercial Banks (including RRBs) All Small Finance Banks All Local Area Banks All Primary (Urban) Co-operative Banks/ District Central Co-operative Banks/ State Co-operative Banks Dear Sir / Madam, Review of Instructions on Interest on overdue domestic deposits Please refer to Section 9 (b) of Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 3
RBI/2021-22/66 DoR.SPE.REC.29/13.03.00/2021-2022 July 02, 2021 All Scheduled Commercial Banks (including RRBs) All Small Finance Banks All Local Area Banks All Primary (Urban) Co-operative Banks/ District Central Co-operative Banks/ State Co-operative Banks Dear Sir / Madam, Review of Instructions on Interest on overdue domestic deposits Please refer to Section 9 (b) of Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 3
Jul 01, 2021
Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension
RBI/2021-22/65 DOR.CRE(DIR).REC.28/04.02.001/2021-22 July 1, 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 circular DOR.CRE.REC.06/04.02.001/2021-22 dated April 12, 2021. 2. Government of India has approved the extension of Interest Equalization S
RBI/2021-22/65 DOR.CRE(DIR).REC.28/04.02.001/2021-22 July 1, 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 circular DOR.CRE.REC.06/04.02.001/2021-22 dated April 12, 2021. 2. Government of India has approved the extension of Interest Equalization S
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 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 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 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 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
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
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