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Oct 11, 2022
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of Divergence in Asset Classification and Provisioning
RBI/2022-23/130 DOR.ACC.REC.No.74/21.04.018/2022-23 October 11, 2022 Madam / Dear Sir, Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of Divergence in Asset Classification and Provisioning In terms of paragraph C.4(e) of Annexure III to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021, commercial banks (excluding Regional Rural Banks (RRBs)) are required to disclos
RBI/2022-23/130 DOR.ACC.REC.No.74/21.04.018/2022-23 October 11, 2022 Madam / Dear Sir, Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of Divergence in Asset Classification and Provisioning In terms of paragraph C.4(e) of Annexure III to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021, commercial banks (excluding Regional Rural Banks (RRBs)) are required to disclos
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Oct 11, 2022
Reserve Bank of India (Unhedged Foreign Currency Exposure) Directions, 2022
RBI/2022-23/131 DOR.MRG.REC.76/00-00-007/2022-23 October 11, 2022 Dear Sir / Madam, Reserve Bank of India (Unhedged Foreign Currency Exposure) Directions, 2022 The Reserve Bank of India has, from time to time, issued several guidelines / instructions / directives to the banks on Unhedged Foreign Currency Exposure (UFCE) of the entities which have borrowed from banks. 2. We have received references from banks seeking clarification on various aspects including inter-ali
RBI/2022-23/131 DOR.MRG.REC.76/00-00-007/2022-23 October 11, 2022 Dear Sir / Madam, Reserve Bank of India (Unhedged Foreign Currency Exposure) Directions, 2022 The Reserve Bank of India has, from time to time, issued several guidelines / instructions / directives to the banks on Unhedged Foreign Currency Exposure (UFCE) of the entities which have borrowed from banks. 2. We have received references from banks seeking clarification on various aspects including inter-ali
Oct 10, 2022
Review of Prudential Norms - Risk Weights for Exposures to Corporates and NBFCs
RBI/2022-23/125 DOR.STR.REC.71/21.06.201/2022-23 October 10, 2022 All Scheduled Commercial Banks (including Small Finance Banks) (Excluding Local Area Banks, Regional Rural Banks and Payments Banks) Madam/Dear Sir, Review of Prudential Norms – Risk Weights for Exposures to Corporates and NBFCs Please refer to paragraph 6.8.1 (i) of Master Circular on Basel III capital regulations dated April 1, 2022 in terms of which banks are permitted to derive risk weights for thei
RBI/2022-23/125 DOR.STR.REC.71/21.06.201/2022-23 October 10, 2022 All Scheduled Commercial Banks (including Small Finance Banks) (Excluding Local Area Banks, Regional Rural Banks and Payments Banks) Madam/Dear Sir, Review of Prudential Norms – Risk Weights for Exposures to Corporates and NBFCs Please refer to paragraph 6.8.1 (i) of Master Circular on Basel III capital regulations dated April 1, 2022 in terms of which banks are permitted to derive risk weights for thei
Sep 30, 2022
Change in Bank Rate
RBI/2022-23/123 DOR.RET.REC.70/12.01.001/2022-23 September 30, 2022 Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.59/12.01.001/2022-23 dated August 05, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated September 30, 2022, the Bank Rate is revised upwards by 50 basis points from 5.65 per cent to 6.15 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, whi
RBI/2022-23/123 DOR.RET.REC.70/12.01.001/2022-23 September 30, 2022 Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.59/12.01.001/2022-23 dated August 05, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated September 30, 2022, the Bank Rate is revised upwards by 50 basis points from 5.65 per cent to 6.15 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, whi
Sep 19, 2022
United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 02 existing entries on its Sanctions List
RBI/2022-2023/119 DOR.AML.REC.69/14.06.001/2022-23 September 19, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 02 existing entries on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Securi
RBI/2022-2023/119 DOR.AML.REC.69/14.06.001/2022-23 September 19, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 02 existing entries on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Securi
Sep 16, 2022
Master Directions on Interest Rate on Deposits
RBI/2022-2023/117 DOR.SOG (SPE).REC.No 68/13.03.00/2022-23 September 16, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)All Small Finance BanksAll Payment BanksAll Local Area BanksAll Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Sir / Madam, Master Directions on Interest Rate on Deposits Please refer to the instructions on the Foreign Currency (Non-resident) Accounts (Banks) Scheme contained in Section 19 (h) of the Master Di
RBI/2022-2023/117 DOR.SOG (SPE).REC.No 68/13.03.00/2022-23 September 16, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)All Small Finance BanksAll Payment BanksAll Local Area BanksAll Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Sir / Madam, Master Directions on Interest Rate on Deposits Please refer to the instructions on the Foreign Currency (Non-resident) Accounts (Banks) Scheme contained in Section 19 (h) of the Master Di
Sep 07, 2022
Review of Prudential Norms - Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS)
RBI/2022-23/113 DOR.STR.REC.67/21.06.201/2022-23 September 07, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)All Primary (Urban) Co-operative BanksAll Non-Banking Financial Companies (including Housing Finance Companies)All All-India Financial Institutions Dear Sir/Madam, Review of Prudential Norms – Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS) Please refer to paragraph 5.2 of the Master Circular on Basel III Capital Re
RBI/2022-23/113 DOR.STR.REC.67/21.06.201/2022-23 September 07, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)All Primary (Urban) Co-operative BanksAll Non-Banking Financial Companies (including Housing Finance Companies)All All-India Financial Institutions Dear Sir/Madam, Review of Prudential Norms – Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS) Please refer to paragraph 5.2 of the Master Circular on Basel III Capital Re
Sep 02, 2022
Guidelines on Digital Lending
RBI/2022-23/111 DOR.CRE.REC.66/21.07.001/2022-23 September 02, 2022 All Commercial Banks, Primary (Urban) Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks; and Non-Banking Financial Companies (including Housing Finance Companies) Madam/ Sir, Guidelines on Digital Lending A reference is invited to para 7 of the RBI Press Release “Recommendations of the Working Group on Digital Lending – Implementation” dated August 10, 2022. Detailed gu
RBI/2022-23/111 DOR.CRE.REC.66/21.07.001/2022-23 September 02, 2022 All Commercial Banks, Primary (Urban) Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks; and Non-Banking Financial Companies (including Housing Finance Companies) Madam/ Sir, Guidelines on Digital Lending A reference is invited to para 7 of the RBI Press Release “Recommendations of the Working Group on Digital Lending – Implementation” dated August 10, 2022. Detailed gu
Aug 22, 2022
Section 23 of the Banking Regulation Act, 1949 - Branch Authorisation Policy - Left Wing Extremism affected districts - Revised List
RBI/2022-23/109 DOR.AUT.REC.62/22.01.001/2022-23 August 22, 2022 All Domestic Scheduled Commercial Banks (excluding Regional Rural Banks, Payments Banks and Local Area Banks) Madam/Dear Sir, Section 23 of the Banking Regulation Act, 1949 – Branch Authorisation Policy – Left Wing Extremism affected districts – Revised List Please refer to our circular on ‘Rationalisation of Branch Authorisation Policy-Revision of Guidelines’ DBR.No.BAPD.BC.69/22.01.001/2016-17 dated Ma
RBI/2022-23/109 DOR.AUT.REC.62/22.01.001/2022-23 August 22, 2022 All Domestic Scheduled Commercial Banks (excluding Regional Rural Banks, Payments Banks and Local Area Banks) Madam/Dear Sir, Section 23 of the Banking Regulation Act, 1949 – Branch Authorisation Policy – Left Wing Extremism affected districts – Revised List Please refer to our circular on ‘Rationalisation of Branch Authorisation Policy-Revision of Guidelines’ DBR.No.BAPD.BC.69/22.01.001/2016-17 dated Ma
Aug 12, 2022
Outsourcing of Financial Services - Responsibilities of regulated entities employing Recovery Agents
RBI/2022-23/108 DOR.ORG.REC.65/21.04.158/2022-23 August 12, 2022 Madam/ Sir, Outsourcing of Financial Services - Responsibilities of regulated entities employing Recovery Agents The Reserve Bank of India has from time to time advised regulated entities (REs) that the ultimate responsibility for their outsourced activities vests with them and they are, therefore, responsible for the actions of their service providers including Recovery Agents (hereafter referred to as
RBI/2022-23/108 DOR.ORG.REC.65/21.04.158/2022-23 August 12, 2022 Madam/ Sir, Outsourcing of Financial Services - Responsibilities of regulated entities employing Recovery Agents The Reserve Bank of India has from time to time advised regulated entities (REs) that the ultimate responsibility for their outsourced activities vests with them and they are, therefore, responsible for the actions of their service providers including Recovery Agents (hereafter referred to as
Aug 11, 2022
Bilateral Netting of Qualified Financial Contracts - Amendments to Prudential Guidelines
RBI/2022-23/107 DOR.MRG.REC.64/00-00-005/2022-23 August 11, 2022 Dear Sir / Madam, Bilateral Netting of Qualified Financial Contracts - Amendments to Prudential Guidelines Please refer to the circular DOR.CAP.51/21.06.201/2020-21 dated March 30, 2021 and circular DOR.CAP.REC.No.97/21.06.201/2021-22 dated March 31, 2022 on the captioned subject. 2. At present, while computing capital requirements for counterparty credit risk, the following exposures, wherever allowed t
RBI/2022-23/107 DOR.MRG.REC.64/00-00-005/2022-23 August 11, 2022 Dear Sir / Madam, Bilateral Netting of Qualified Financial Contracts - Amendments to Prudential Guidelines Please refer to the circular DOR.CAP.51/21.06.201/2020-21 dated March 30, 2021 and circular DOR.CAP.REC.No.97/21.06.201/2021-22 dated March 31, 2022 on the captioned subject. 2. At present, while computing capital requirements for counterparty credit risk, the following exposures, wherever allowed t
Aug 08, 2022
Authorised Dealer Category-I License eligibility for Small Finance Banks
RBI/2022-23/104 DOR.LIC.REC.60/16.13.218/2022-23 August 8, 2022 Managing Director and Chief Executive Officers of Small Finance Banks Madam/ Dear Sir, Authorised Dealer Category-I License eligibility for Small Finance Banks Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 and the ‘Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector’ released by Reserve Bank on December 5, 2019. 2. In
RBI/2022-23/104 DOR.LIC.REC.60/16.13.218/2022-23 August 8, 2022 Managing Director and Chief Executive Officers of Small Finance Banks Madam/ Dear Sir, Authorised Dealer Category-I License eligibility for Small Finance Banks Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 and the ‘Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector’ released by Reserve Bank on December 5, 2019. 2. In
Aug 05, 2022
Change in Bank Rate
RBI/2022-23/103 DOR.RET.REC.59/12.01.001/2022-23 August 05, 2022 All Banks Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.44/12.01.001/2022-23 dated June 08, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated August 05, 2022, the Bank Rate is revised upwards by 50 basis points from 5.15 per cent to 5.65 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, w
RBI/2022-23/103 DOR.RET.REC.59/12.01.001/2022-23 August 05, 2022 All Banks Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.44/12.01.001/2022-23 dated June 08, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated August 05, 2022, the Bank Rate is revised upwards by 50 basis points from 5.15 per cent to 5.65 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, w
Aug 04, 2022
Gold Monetization Scheme (GMS), 2015
RBI/2022-23/100 DoR.AUT.REC.58/23.67.001/2022-23 August 04, 2022 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22,
RBI/2022-23/100 DoR.AUT.REC.58/23.67.001/2022-23 August 04, 2022 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22,
Jul 29, 2022
United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 44 existing entries on its Sanctions List
RBI/2022-2023/96 DOR.AML.REC.57/14.06.001/2022-23 July 29, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 44 existing entries on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Cou
RBI/2022-2023/96 DOR.AML.REC.57/14.06.001/2022-23 July 29, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 44 existing entries on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Cou
Jul 13, 2022
UNSCR 1718 Sanctions Committee on DPRK amends one Entry on its Sanctions List
RBI/2022-2023/91 DOR.AML.REC.55/14.06.001/2022-23 July 13, 2022 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, UNSCR 1718 Sanctions Committee on DPRK amends one Entry on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Council Resolution on Democratic People’s Republic of Korea Order, 2017’ as amended from time to tim
RBI/2022-2023/91 DOR.AML.REC.55/14.06.001/2022-23 July 13, 2022 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, UNSCR 1718 Sanctions Committee on DPRK amends one Entry on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Council Resolution on Democratic People’s Republic of Korea Order, 2017’ as amended from time to tim
Jul 06, 2022
Section 42 of the Reserve Bank of India Act, 1934 and Section 18 and 24 of the Banking Regulation Act, 1949 - FCNR (B)/NRE Term deposits - Exemption from maintenance of CRR/SLR
RBI/2022-23/83 DOR.RET.REC.54/12.01.001/2022-23 July 06, 2022 All Scheduled Commercial Banks (including Regional Rural Banks) Local Area Banks, Small Finance Banks, Payments Banks Primary (Urban) Co-operative Banks (UCBs) State and Central Co-operative Banks (StCBs / CCBs) Madam/Dear Sir, Section 42 of the Reserve Bank of India Act, 1934 and Section 18 and 24 of the Banking Regulation Act, 1949 – FCNR (B)/NRE Term deposits - Exemption from maintenance of CRR/SLR At pr
RBI/2022-23/83 DOR.RET.REC.54/12.01.001/2022-23 July 06, 2022 All Scheduled Commercial Banks (including Regional Rural Banks) Local Area Banks, Small Finance Banks, Payments Banks Primary (Urban) Co-operative Banks (UCBs) State and Central Co-operative Banks (StCBs / CCBs) Madam/Dear Sir, Section 42 of the Reserve Bank of India Act, 1934 and Section 18 and 24 of the Banking Regulation Act, 1949 – FCNR (B)/NRE Term deposits - Exemption from maintenance of CRR/SLR At pr
Jul 06, 2022
Master Direction on Interest Rate on Deposits - Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (External) Rupee (NRE) Deposit
RBI/2022-23/82 DOR.SOG (SPE).REC.No 53/13.03.000/2022-23 July 06, 2022 All Scheduled Commercial Banks (including Regional Rural Banks) All Small Finance Banks All Local Area Banks All Payment Banks All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Dear Sir / Madam, Master Direction on Interest Rate on Deposits - Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (External) Rupee (NRE) Deposit Please refer to the ins
RBI/2022-23/82 DOR.SOG (SPE).REC.No 53/13.03.000/2022-23 July 06, 2022 All Scheduled Commercial Banks (including Regional Rural Banks) All Small Finance Banks All Local Area Banks All Payment Banks All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Dear Sir / Madam, Master Direction on Interest Rate on Deposits - Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (External) Rupee (NRE) Deposit Please refer to the ins
Jul 06, 2022
Inclusion of “Unity Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
RBI/2022-23/81 DoR.RET.REC.52/12.07.160/2022-23 July 06, 2022 All Banks Madam/Sir Inclusion of “Unity Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 It is advised that “Unity Small Finance Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S543/16.13.216/2022-23 dated April 28, 2022 and published in the Gazette of India (Part III - Section 4) dated July 0
RBI/2022-23/81 DoR.RET.REC.52/12.07.160/2022-23 July 06, 2022 All Banks Madam/Sir Inclusion of “Unity Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 It is advised that “Unity Small Finance Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S543/16.13.216/2022-23 dated April 28, 2022 and published in the Gazette of India (Part III - Section 4) dated July 0
Jun 28, 2022
Provisioning Requirement for Investment in Security Receipts (SRs)
RBI/2022-23/78DOR.STR.REC.51/21.04.048/2022-23 June 28, 2022 All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All Local Area Banks and Regional Rural Banks All All-India Financial Institutions All Non-Banking Financial Companies Provisioning Requirement for Investment in Security Receipts (SRs) Please refer to clause 77 of the Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 (“MD
RBI/2022-23/78DOR.STR.REC.51/21.04.048/2022-23 June 28, 2022 All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All Local Area Banks and Regional Rural Banks All All-India Financial Institutions All Non-Banking Financial Companies Provisioning Requirement for Investment in Security Receipts (SRs) Please refer to clause 77 of the Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 (“MD
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