Notifications - આરબીઆઈ - Reserve Bank of India
Notifications
એપ્રિલ 12, 2021
Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit- Extension
RBI/2021-22/21 DOR.CRE.REC.06/04.02.001/2021-22 April 12, 2021 All Scheduled Commercial Banks (excluding RRBs) Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank Dear Sir / Madam, Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit-Extension Please refer to the instructions issued vide DBR.Dir.BC.No.69/04.02.001/2019-20 dated May 13, 2020. 2. In this connection, Government of India has approved the extension of Interest Equaliza
RBI/2021-22/21 DOR.CRE.REC.06/04.02.001/2021-22 April 12, 2021 All Scheduled Commercial Banks (excluding RRBs) Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank Dear Sir / Madam, Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit-Extension Please refer to the instructions issued vide DBR.Dir.BC.No.69/04.02.001/2019-20 dated May 13, 2020. 2. In this connection, Government of India has approved the extension of Interest Equaliza
પીડીએફ (
એપ્રિલ 08, 2021
Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh - Payments Banks (PBs)
RBI/2021-22/20 DoR.LIC.REC.5/16.13.218/2021-22 April 8, 2021 Chief Executive Officers of Payments Banks Dear Sir/Madam, Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs) Please refer to paragraph 3 of Statement on Developmental and Regulatory Policies dated April 7, 2021 on the above subject. 2. In terms of paragraph 4(i) of the ‘Guidelines for Licensing of Payments Banks’ (Licensing Guidelines) dated
RBI/2021-22/20 DoR.LIC.REC.5/16.13.218/2021-22 April 8, 2021 Chief Executive Officers of Payments Banks Dear Sir/Madam, Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs) Please refer to paragraph 3 of Statement on Developmental and Regulatory Policies dated April 7, 2021 on the above subject. 2. In terms of paragraph 4(i) of the ‘Guidelines for Licensing of Payments Banks’ (Licensing Guidelines) dated
એપ્રિલ 08, 2021
Implementation of Section 51A of UAPA, 1967 and Security Council Resolution: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List & Democratic People’s Republic of Korea (DPRK)Order, 2017
RBI/2021-22/19 DoR.AML.REC.03/14.06.001/2021-22 April 08, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 and Security Council Resolution: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List & Democratic People’s Republic of Korea (DPRK)Order, 2017 Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 01, 2021, i
RBI/2021-22/19 DoR.AML.REC.03/14.06.001/2021-22 April 08, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 and Security Council Resolution: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List & Democratic People’s Republic of Korea (DPRK)Order, 2017 Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 01, 2021, i
એપ્રિલ 07, 2021
Reporting and Accounting of Central Government transactions of March 2021 - Change of date of closure
RBI/2021-22/18 DGBA.GBD.No.S26/42.01.029/2021-22 April 07, 2021 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions of March 2021 – Change of date of closure Please refer Circular DGBA.GBD.No.S-140/42.01.029/2020-21 dated March 18, 2021 where in the date of closure for reporting residual transactions of March 2021 was fixed as April 10, 2021. 2. On account of holidays on April 10 and 11, 2021 (second Saturday and Sunday respect
RBI/2021-22/18 DGBA.GBD.No.S26/42.01.029/2021-22 April 07, 2021 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions of March 2021 – Change of date of closure Please refer Circular DGBA.GBD.No.S-140/42.01.029/2020-21 dated March 18, 2021 where in the date of closure for reporting residual transactions of March 2021 was fixed as April 10, 2021. 2. On account of holidays on April 10 and 11, 2021 (second Saturday and Sunday respect
એપ્રિલ 07, 2021
Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package
RBI/2021-22/17 DOR.STR.REC.4/21.04.048/2021-22 April 7, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Asset Classification and Income Recognition following the expiry of Covid-19 regulato
RBI/2021-22/17 DOR.STR.REC.4/21.04.048/2021-22 April 7, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Asset Classification and Income Recognition following the expiry of Covid-19 regulato
એપ્રિલ 07, 2021
External Commercial Borrowings (ECB) Policy - Relaxation in the period of parking of unutilised ECB proceeds in term deposits
RBI/2021-22/16 A.P. (DIR Series) Circular No. 01 April 07, 2021 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Relaxation in the period of parking of unutilised ECB proceeds in term deposits Please refer to paragraph 12 of the Governor’s Statement on Developmental and Regulatory Policies dated April 07, 2021. In this connection, attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph
RBI/2021-22/16 A.P. (DIR Series) Circular No. 01 April 07, 2021 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Relaxation in the period of parking of unutilised ECB proceeds in term deposits Please refer to paragraph 12 of the Governor’s Statement on Developmental and Regulatory Policies dated April 07, 2021. In this connection, attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph
એપ્રિલ 07, 2021
Priority Sector Lending (PSL) - Lending by banks to NBFCs for On-Lending
RBI/2021-22/15 FIDD.CO.Plan.BC.No.8/04.09.01/2021-22 April 7, 2021 The Chairman/ Managing DirectorChief Executive OfficerAll Scheduled Commercial Banks(Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks) Dear Sir/Madam Priority Sector Lending (PSL) - Lending by banks to NBFCs for On-Lending Please refer to our Circular No. RBI/2019-20/179 FIDD.CO.Plan.BC.No.19/04.09.01/2019-20 dated March 23, 2020 advising, inter alia, t
RBI/2021-22/15 FIDD.CO.Plan.BC.No.8/04.09.01/2021-22 April 7, 2021 The Chairman/ Managing DirectorChief Executive OfficerAll Scheduled Commercial Banks(Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks) Dear Sir/Madam Priority Sector Lending (PSL) - Lending by banks to NBFCs for On-Lending Please refer to our Circular No. RBI/2019-20/179 FIDD.CO.Plan.BC.No.19/04.09.01/2019-20 dated March 23, 2020 advising, inter alia, t
એપ્રિલ 07, 2021
Priority Sector Lending (PSL) - Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) / electronic Negotiable Warehouse Receipts (eNWRs)
RBI/2021-22/14 FIDD.CO.Plan.BC.No.7/04.09.01/2021-22 April 7, 2021 The Chairman / Managing Director/ Chief Executive Officer [All Commercial Banks including Regional Rural Banks, Small Finance Banks, Local Area Banks andPrimary (Urban) Co-operative Banks other than Salary Earners’ Banks] Dear Sir/Madam Priority Sector Lending (PSL) – Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) / electronic Negotiable Warehouse Receipts (eNWRs) Plea
RBI/2021-22/14 FIDD.CO.Plan.BC.No.7/04.09.01/2021-22 April 7, 2021 The Chairman / Managing Director/ Chief Executive Officer [All Commercial Banks including Regional Rural Banks, Small Finance Banks, Local Area Banks andPrimary (Urban) Co-operative Banks other than Salary Earners’ Banks] Dear Sir/Madam Priority Sector Lending (PSL) – Increase in limits for bank lending against Negotiable Warehouse Receipts (NWRs) / electronic Negotiable Warehouse Receipts (eNWRs) Plea
એપ્રિલ 05, 2021
Gold Monetization Scheme (GMS), 2015
RBI/2021-22/13 DoR.AUT.REC.2/23.67.001/2021-22 April 5, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015
RBI/2021-22/13 DoR.AUT.REC.2/23.67.001/2021-22 April 5, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015
એપ્રિલ 01, 2021
Amendment to Master Direction (MD) on KYC - KYC norms for Self Help Groups (SHGs)
RBI/2021-22/10 DOR.AML.BC.No.1/14.01.001/2021-22 April 1, 2021 The Chairpersons/ CEOs of all the banks Madam/Sir, Amendment to Master Direction (MD) on KYC – KYC norms for Self Help Groups (SHGs) Please refer to Section 43 of the Master Direction on KYC dated February 25, 2016 as amended from time to time, wherein simplified norms for Self Help Groups (SHGs) have been stipulated. 2. In this regard, on a review, it has been decided to amend clause (c) of Section 43 to
RBI/2021-22/10 DOR.AML.BC.No.1/14.01.001/2021-22 April 1, 2021 The Chairpersons/ CEOs of all the banks Madam/Sir, Amendment to Master Direction (MD) on KYC – KYC norms for Self Help Groups (SHGs) Please refer to Section 43 of the Master Direction on KYC dated February 25, 2016 as amended from time to time, wherein simplified norms for Self Help Groups (SHGs) have been stipulated. 2. In this regard, on a review, it has been decided to amend clause (c) of Section 43 to
માર્ચ 31, 2021
Guidelines on Regulation of Payment Aggregators and Payment Gateways
RBI/2020-21/117 CO.DPSS.POLC.No.S33/02-14-008/2020-2021 March 31, 2021 All Payment System Providers and Payment System Participants Madam / Dear Sir, Guidelines on Regulation of Payment Aggregators and Payment Gateways We invite a reference to our circular DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 (as updated from time to time) and the clarification dated September 17, 2020 issued on the subject (Annex). Accordingly, neither the authorised Payment Aggr
RBI/2020-21/117 CO.DPSS.POLC.No.S33/02-14-008/2020-2021 March 31, 2021 All Payment System Providers and Payment System Participants Madam / Dear Sir, Guidelines on Regulation of Payment Aggregators and Payment Gateways We invite a reference to our circular DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 (as updated from time to time) and the clarification dated September 17, 2020 issued on the subject (Annex). Accordingly, neither the authorised Payment Aggr
માર્ચ 31, 2021
Framework for processing of e-mandates for recurring online transactions
RBI/2020-21/118 CO.DPSS.POLC.No.S34/02-14-003/2020-2021 March 31, 2021 The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks, including Regional Rural Banks /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Card Payment Networks /Non-bank Prepaid Payment Instrument Issuers /National Payments Corporation of India Madam / Dear Sir, Frame
RBI/2020-21/118 CO.DPSS.POLC.No.S34/02-14-003/2020-2021 March 31, 2021 The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks, including Regional Rural Banks /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Card Payment Networks /Non-bank Prepaid Payment Instrument Issuers /National Payments Corporation of India Madam / Dear Sir, Frame
માર્ચ 31, 2021
Investment by Foreign Portfolio Investors (FPI): Investment limits
RBI/2020-21/116 A.P. (DIR Series) Circular No. 14 March 31, 2021 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 ther
RBI/2020-21/116 A.P. (DIR Series) Circular No. 14 March 31, 2021 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 ther
માર્ચ 30, 2021
Bilateral Netting of Qualified Financial Contracts- Amendments to Prudential Guidelines
RBI/2020-21/115 DOR.CAP.51/21.06.201/2020-21 March 30, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Bilateral Netting of Qualified Financial Contracts- Amendments to Prudential Guidelines The Bilateral Netting of Qualified Financial Contracts Act, 2020 (hereafter referred to as “the Act”), has been notified by the Government of India vide Gazette Notification No. S.O. 3463(E) dated October 1, 2020. The Act provides a legal fra
RBI/2020-21/115 DOR.CAP.51/21.06.201/2020-21 March 30, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Bilateral Netting of Qualified Financial Contracts- Amendments to Prudential Guidelines The Bilateral Netting of Qualified Financial Contracts Act, 2020 (hereafter referred to as “the Act”), has been notified by the Government of India vide Gazette Notification No. S.O. 3463(E) dated October 1, 2020. The Act provides a legal fra
માર્ચ 26, 2021
Special Clearing operations on March 31, 2021
RBI/2020-21/114 DPSS.CO.RPPD.No./SUO 28065/03.01.02/2020-21 March 26, 2021 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 / National Payments Corporation of India Madam / Dear Sir, Special Clearing operations on March 31, 2021 A reference is invit
RBI/2020-21/114 DPSS.CO.RPPD.No./SUO 28065/03.01.02/2020-21 March 26, 2021 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 / National Payments Corporation of India Madam / Dear Sir, Special Clearing operations on March 31, 2021 A reference is invit
માર્ચ 25, 2021
FETERS - Cards: Monthly Reporting
RBI/2020-21/113 A.P. (DIR Series) Circular No.13 March 25, 2021 To All Category-I Authorised Dealer Banks Madam / Sir, FETERS – Cards: Monthly Reporting Attention of Authorised Dealers (Category I) is invited to A.P. (DIR Series) Circular No. 50 dated February 11, 2016 on compilation of R-Returns for reporting under the Foreign Exchange Transactions Electronic Reporting System (FETERS). It has been decided to collect more details of international transactions using cr
RBI/2020-21/113 A.P. (DIR Series) Circular No.13 March 25, 2021 To All Category-I Authorised Dealer Banks Madam / Sir, FETERS – Cards: Monthly Reporting Attention of Authorised Dealers (Category I) is invited to A.P. (DIR Series) Circular No. 50 dated February 11, 2016 on compilation of R-Returns for reporting under the Foreign Exchange Transactions Electronic Reporting System (FETERS). It has been decided to collect more details of international transactions using cr
માર્ચ 25, 2021
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2020-21)
RBI/2020-21/112 DGBA.GBD.No.S212/42.01.029/2020-21 March 25, 2021 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2020-21) All government transactions done by agency banks for Financial Year 2020-21 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Government tran
RBI/2020-21/112 DGBA.GBD.No.S212/42.01.029/2020-21 March 25, 2021 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2020-21) All government transactions done by agency banks for Financial Year 2020-21 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Government tran
માર્ચ 24, 2021
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Amendment of 8 entries
RBI/2020-21/111 DOR.AML.BC.No.50/14.06.001/2020-21 March 24, 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 8 entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on March 23, 2021, in terms of which “Regulated Entities (REs) shall ensure that in ter
RBI/2020-21/111 DOR.AML.BC.No.50/14.06.001/2020-21 March 24, 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 8 entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on March 23, 2021, in terms of which “Regulated Entities (REs) shall ensure that in ter
માર્ચ 23, 2021
Amendment to Master Direction (MD) on KYC - Procedure for Implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967
RBI/2020-21/110 DOR.AML.REC.48/14.01.001/2020-21 March 23, 2021 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Procedure for Implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967 Please refer to Chapter IX (‘Requirements/obligations under International Agreements Communications from International Agencies’) of the Master Direction on KYC dated February 25, 2016. In terms of ins
RBI/2020-21/110 DOR.AML.REC.48/14.01.001/2020-21 March 23, 2021 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Procedure for Implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967 Please refer to Chapter IX (‘Requirements/obligations under International Agreements Communications from International Agencies’) of the Master Direction on KYC dated February 25, 2016. In terms of ins
માર્ચ 23, 2021
Large Exposures Framework - Deferment of applicability of limits on non-centrally cleared derivatives exposures
RBI/2020-21/109 DOR.No.CRE.BC.47/21.01.003/2020-21 March 23, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payments BanksLocal Area Banks and Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Deferment of applicability of limits on non-centrally cleared derivatives exposures Please refer to circular No.DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020 on Large Exposures Framework (LEF). 2. On a review it has been decided that
RBI/2020-21/109 DOR.No.CRE.BC.47/21.01.003/2020-21 March 23, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payments BanksLocal Area Banks and Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Deferment of applicability of limits on non-centrally cleared derivatives exposures Please refer to circular No.DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020 on Large Exposures Framework (LEF). 2. On a review it has been decided that
માર્ચ 18, 2021
Reporting and Accounting of Central Government transactions of March 2021
RBI/2020-21/108 DGBA.GBD.No.S-140/42.01.029/2020-21 March 18, 2021 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions of March 2021 Please refer to Circular DGBA.GBD.No.1744/42.01.029/2019-20 dated March 17, 2020 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal Point bra
RBI/2020-21/108 DGBA.GBD.No.S-140/42.01.029/2020-21 March 18, 2021 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions of March 2021 Please refer to Circular DGBA.GBD.No.1744/42.01.029/2019-20 dated March 17, 2020 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal Point bra
માર્ચ 15, 2021
Extension of Cheque Truncation System (CTS) across all bank branches in the country
RBI/2020-21/107 DPSS.CO.RPPD.No.SUO 21102/04.07.005/2020-21 March 15, 2021 The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including Regional Rural Banks /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks / Local Area Banks / Payment Banks /Small Finance Banks / National Payments Corporation of India Madam / Dear Sir, Extension of Cheque Truncation System (CTS) across all bank branches i
RBI/2020-21/107 DPSS.CO.RPPD.No.SUO 21102/04.07.005/2020-21 March 15, 2021 The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including Regional Rural Banks /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks / Local Area Banks / Payment Banks /Small Finance Banks / National Payments Corporation of India Madam / Dear Sir, Extension of Cheque Truncation System (CTS) across all bank branches i
માર્ચ 12, 2021
Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
RBI/2020-21/106 DoR.FIN.REC.46/20.16.056/2020-21 March 12, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payment Banks All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies Madam / Sir,
RBI/2020-21/106 DoR.FIN.REC.46/20.16.056/2020-21 March 12, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payment Banks All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies Madam / Sir,
ફેબ્રુ 26, 2021
Investment by Foreign Portfolio Investors (FPI) in Defaulted Bonds - Relaxations
RBI/2020-21/105 A.P. (DIR Series) Circular No. 12 February 26, 2021 To All Authorised persons Madam / Sir, Investment by Foreign Portfolio Investors (FPI) in Defaulted Bonds - Relaxations Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to 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 the
RBI/2020-21/105 A.P. (DIR Series) Circular No. 12 February 26, 2021 To All Authorised persons Madam / Sir, Investment by Foreign Portfolio Investors (FPI) in Defaulted Bonds - Relaxations Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to 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 the
ફેબ્રુ 24, 2021
Large Exposures Framework - Exemptions
RBI/2020-21/104 DOR.No.CRE.BC.45/21.01.003/2020-21 February 24, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payments Banks Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Exemptions Please refer to circular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 on Large Exposures Framework (LEF) 2. Paragraph 3 of the Annex to the above circular specifies the exposures that are exempt from the LEF. On a r
RBI/2020-21/104 DOR.No.CRE.BC.45/21.01.003/2020-21 February 24, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payments Banks Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Exemptions Please refer to circular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 on Large Exposures Framework (LEF) 2. Paragraph 3 of the Annex to the above circular specifies the exposures that are exempt from the LEF. On a r
ફેબ્રુ 24, 2021
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Amendment of 92 entries
RBI/2020-21/103 DOR.AML.BC.No.44/14.06.001/2020-21 February 24, 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 92 entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “Regulated Entities (REs) shall ensure tha
RBI/2020-21/103 DOR.AML.BC.No.44/14.06.001/2020-21 February 24, 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 92 entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “Regulated Entities (REs) shall ensure tha
ફેબ્રુ 23, 2021
Inclusion of “Fino Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
RBI/2020-21/102 DOR.No.Ret.BC.43/12.07.150/2020-21 February 22, 2021 All Scheduled Commercial Banks Dear Sir/Madam Inclusion of “Fino Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 We advise that “Fino Payments Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.NBD.No.2138/16.03.005/2020-21 dated January 01, 2021 and published in the Gazette of India (Part III - Sect
RBI/2020-21/102 DOR.No.Ret.BC.43/12.07.150/2020-21 February 22, 2021 All Scheduled Commercial Banks Dear Sir/Madam Inclusion of “Fino Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 We advise that “Fino Payments Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.NBD.No.2138/16.03.005/2020-21 dated January 01, 2021 and published in the Gazette of India (Part III - Sect
ફેબ્રુ 22, 2021
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Deletion of two entries
RBI/2020-21/101 DOR.AML.BC.No.42/14.06.001/2020-21@@NBSP@@@@NBSP@@ February 22, 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 – Deletion of two entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “Regulated Entities (REs)
RBI/2020-21/101 DOR.AML.BC.No.42/14.06.001/2020-21@@NBSP@@@@NBSP@@ February 22, 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 – Deletion of two entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “Regulated Entities (REs)
ફેબ્રુ 17, 2021
Capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure
RBI/2020-21/100 DOR.No.MRG.BC.41/21.06.200/2020-21 February 17, 2021 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure Please refer to our circular DBOD.No.BP.BC.116/21.06.200/2013-14 dated June 3, 2014 on capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure (UFCE). 2. The guidelines mandate that inform
RBI/2020-21/100 DOR.No.MRG.BC.41/21.06.200/2020-21 February 17, 2021 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure Please refer to our circular DBOD.No.BP.BC.116/21.06.200/2013-14 dated June 3, 2014 on capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure (UFCE). 2. The guidelines mandate that inform
ફેબ્રુ 16, 2021
Remittances to International Financial Services Centres (IFSCs) in India under the Liberalised Remittance Scheme (LRS)
RBI/2020-21/99 A.P. (DIR Series) Circular No. 11 February 16, 2021 To All Category-I Authorised Dealer Banks Madam / Sir Remittances to International Financial Services Centres (IFSCs) in India under the Liberalised Remittance Scheme (LRS) Please refer to the Statement on Development and Regulatory Polices announced as part of the Bi-monthly Monetary Policy Statement dated February 05, 2021 on the above subject. 2. With a view to deepen the financial markets in Intern
RBI/2020-21/99 A.P. (DIR Series) Circular No. 11 February 16, 2021 To All Category-I Authorised Dealer Banks Madam / Sir Remittances to International Financial Services Centres (IFSCs) in India under the Liberalised Remittance Scheme (LRS) Please refer to the Statement on Development and Regulatory Polices announced as part of the Bi-monthly Monetary Policy Statement dated February 05, 2021 on the above subject. 2. With a view to deepen the financial markets in Intern
ફેબ્રુ 15, 2021
Margin for Derivative Contracts
RBI/2020-21/98 A. P. (DIR Series) Circular No. 10 February 15, 2021 All Authorised Dealer Category-I Banks Madam/Sir, Margin for Derivative Contracts Attention of Authorised Dealer Category-I (AD Cat-I) banks is invited to the Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 notified in the Gazette of India vide notification no. FEMA.399/RB-2020 dated October 23, 2020 (Annex I). Accordingly, directions are being issued to allow posting a
RBI/2020-21/98 A. P. (DIR Series) Circular No. 10 February 15, 2021 All Authorised Dealer Category-I Banks Madam/Sir, Margin for Derivative Contracts Attention of Authorised Dealer Category-I (AD Cat-I) banks is invited to the Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 notified in the Gazette of India vide notification no. FEMA.399/RB-2020 dated October 23, 2020 (Annex I). Accordingly, directions are being issued to allow posting a
ફેબ્રુ 12, 2021
Investment in NBFCs from FATF non-compliant jurisdictions
RBI/2020-2021/97 DOR.CO.LIC.CC No.119/03.10.001/2020-21 February 12, 2021 To Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies) andAsset Reconstruction Companies Madam / Dear Sir, Investment in NBFCs from FATF non-compliant jurisdictions The Financial Action Task Force (FATF) periodically identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) in its following publications: i) High-Risk Jurisd
RBI/2020-2021/97 DOR.CO.LIC.CC No.119/03.10.001/2020-21 February 12, 2021 To Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies) andAsset Reconstruction Companies Madam / Dear Sir, Investment in NBFCs from FATF non-compliant jurisdictions The Financial Action Task Force (FATF) periodically identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) in its following publications: i) High-Risk Jurisd
ફેબ્રુ 11, 2021
Exim Bank's Government of India supported Line of Credit (LoC) of USD 400 million to the Government of the Republic of Maldives
RBI/2020-2021/96 A.P. (DIR Series) Circular No. 09 February 11, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 400 million to the Government of the Republic of Maldives Export-Import Bank of India (Exim Bank) has entered into an agreement dated October 12, 2020 with the Government of the Republic of Maldives, for making available to the latter, Government of India supported Line of Credit (
RBI/2020-2021/96 A.P. (DIR Series) Circular No. 09 February 11, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 400 million to the Government of the Republic of Maldives Export-Import Bank of India (Exim Bank) has entered into an agreement dated October 12, 2020 with the Government of the Republic of Maldives, for making available to the latter, Government of India supported Line of Credit (
ફેબ્રુ 05, 2021
Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)
RBI/2020-21/95 DOR.No.LRG.BC.40/21.04.098/2020-21 February 05, 2021 All Commercial Banks (excluding Regional Rural Banks,Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018 on Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)-Final Guidelines (‘NSFR Guidelines’) and circular DOR.BP.B
RBI/2020-21/95 DOR.No.LRG.BC.40/21.04.098/2020-21 February 05, 2021 All Commercial Banks (excluding Regional Rural Banks,Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018 on Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)-Final Guidelines (‘NSFR Guidelines’) and circular DOR.BP.B
ફેબ્રુ 05, 2021
SLR holdings in HTM category
RBI/2020-21/94 DOR.No.MRG.BC.39/21.04.141/2020-21 February 5, 2021 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 4 of Statement on Developmental and Regulatory Policies dated February 5, 2021 and our circular DoR.No.BP.BC.22/21.04.141/2020-21 dated October 12, 2020 on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (HTM) category provided: the excess
RBI/2020-21/94 DOR.No.MRG.BC.39/21.04.141/2020-21 February 5, 2021 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 4 of Statement on Developmental and Regulatory Policies dated February 5, 2021 and our circular DoR.No.BP.BC.22/21.04.141/2020-21 dated October 12, 2020 on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (HTM) category provided: the excess
ફેબ્રુ 05, 2021
Credit to MSME Entrepreneurs
RBI/2020-21/92 DOR.No.Ret.BC.37/12.01.001/2020-21 February 05, 2021 All Scheduled Commercial Banks Dear Sir / Madam Credit to MSME Entrepreneurs In terms of paragraph 5 of the Statement on Developmental and Regulatory Policies of February 5, 2021, Scheduled Commercial Banks will be allowed to deduct the amount equivalent to credit disbursed to ‘New MSME borrowers’ from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR). For th
RBI/2020-21/92 DOR.No.Ret.BC.37/12.01.001/2020-21 February 05, 2021 All Scheduled Commercial Banks Dear Sir / Madam Credit to MSME Entrepreneurs In terms of paragraph 5 of the Statement on Developmental and Regulatory Policies of February 5, 2021, Scheduled Commercial Banks will be allowed to deduct the amount equivalent to credit disbursed to ‘New MSME borrowers’ from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR). For th
ફેબ્રુ 05, 2021
Basel III Capital Regulations- Review of transitional arrangements
RBI/2020-21/93 DOR.CAP.BC.No.34/21.06.201/2020-21 February 5, 2021 All Commercial Banks (Excluding Small Finance Banks, Payments Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations- Review of transitional arrangements Please refer to circular DOR.BP.BC.No.15/21.06.201/2020-21 dated September 29, 2020 on ‘Basel III Capital Regulations- Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19 and in order to aid in
RBI/2020-21/93 DOR.CAP.BC.No.34/21.06.201/2020-21 February 5, 2021 All Commercial Banks (Excluding Small Finance Banks, Payments Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations- Review of transitional arrangements Please refer to circular DOR.BP.BC.No.15/21.06.201/2020-21 dated September 29, 2020 on ‘Basel III Capital Regulations- Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19 and in order to aid in
ફેબ્રુ 05, 2021
Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR) - Marginal Standing Facility (MSF) - Extension of Relaxation
RBI/2020-21/91 DOR.No.Ret.BC.36/12.01.001/2020-21 February 05, 2021 All Scheduled Banks Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation Please refer to our circulars DOR.No.Ret.BC.52/12.01.001/2019-20 dated March 27, 2020, DOR.RRB.No.28/31.01.001/2020-21 dated December 4, 2020 and Press Release No.2020-2021/401 dated September 28, 2020 on Margi
RBI/2020-21/91 DOR.No.Ret.BC.36/12.01.001/2020-21 February 05, 2021 All Scheduled Banks Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation Please refer to our circulars DOR.No.Ret.BC.52/12.01.001/2019-20 dated March 27, 2020, DOR.RRB.No.28/31.01.001/2020-21 dated December 4, 2020 and Press Release No.2020-2021/401 dated September 28, 2020 on Margi
ફેબ્રુ 05, 2021
Maintenance of Cash Reserve Ratio (CRR)
RBI/2020-21/90 DOR.No.Ret.BC.35/12.01.001/2020-21 February 5, 2021 All Banks Dear Sir / Madam Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular DOR.No.Ret.BC.49/12.01.001/2019-20 dated March 27, 2020, on the captioned subject. The cash reserve ratio (CRR) of all banks was reduced by 100 basis points to 3.00 per cent of their Net Demand and Time liabilities (NDTL) effective from the reporting fortnight beginning March 28, 2020. The dispensation was a
RBI/2020-21/90 DOR.No.Ret.BC.35/12.01.001/2020-21 February 5, 2021 All Banks Dear Sir / Madam Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular DOR.No.Ret.BC.49/12.01.001/2019-20 dated March 27, 2020, on the captioned subject. The cash reserve ratio (CRR) of all banks was reduced by 100 basis points to 3.00 per cent of their Net Demand and Time liabilities (NDTL) effective from the reporting fortnight beginning March 28, 2020. The dispensation was a
ફેબ્રુ 05, 2021
Loans and advances to directors, their relatives, and firms / concerns in which they are interested
RBI/2020-21/89 DOR.CRG.CRS.Cir.No.5/13.05.000/2020-21 February 5, 2021 The Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Loans and advances to directors, their relatives, and firms / concerns in which they are interested Please refer to our circular BPD.Cir.50/13.05.00/2002-03 dated April 29, 2003 on the captioned subject and subsequent instructions issued in this regard. 2. The Banking Regulation Act, 1949 (“the
RBI/2020-21/89 DOR.CRG.CRS.Cir.No.5/13.05.000/2020-21 February 5, 2021 The Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Loans and advances to directors, their relatives, and firms / concerns in which they are interested Please refer to our circular BPD.Cir.50/13.05.00/2002-03 dated April 29, 2003 on the captioned subject and subsequent instructions issued in this regard. 2. The Banking Regulation Act, 1949 (“the
ફેબ્રુ 03, 2021
Risk-Based Internal Audit (RBIA)
RBI/2020-21/88 Ref.No.DoS.CO.PPG./SEC.05/11.01.005/2020-21 @@NBSP@@February 03, 2021 The Chairman / Managing Director / Chief Executive Officer All deposit taking Non-Banking Financial Companies (NBFCs) All non-deposit taking NBFCs (including Core Investment Companies) with asset size of ₹5,000 crore and above All Primary (Urban) Co-operative Banks (UCBs) with asset size of ₹500 crore and above Madam / Dear Sir, Risk-Based Internal Audit (RBIA) An independent and effe
RBI/2020-21/88 Ref.No.DoS.CO.PPG./SEC.05/11.01.005/2020-21 @@NBSP@@February 03, 2021 The Chairman / Managing Director / Chief Executive Officer All deposit taking Non-Banking Financial Companies (NBFCs) All non-deposit taking NBFCs (including Core Investment Companies) with asset size of ₹5,000 crore and above All Primary (Urban) Co-operative Banks (UCBs) with asset size of ₹500 crore and above Madam / Dear Sir, Risk-Based Internal Audit (RBIA) An independent and effe
જાન્યુ 27, 2021
Strengthening of Grievance Redress Mechanism in Banks
RBI/2020-21/87 CEPD.CO.PRD.Cir.No.01/13.01.013/2020-21 January 27, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam/Dear Sir, Strengthening of Grievance Redress Mechanism in Banks Please refer to the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated December 4, 2020, wherein it was stated that with a view to strengthen and improve the efficacy of the grievance redress mechanism of banks
RBI/2020-21/87 CEPD.CO.PRD.Cir.No.01/13.01.013/2020-21 January 27, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam/Dear Sir, Strengthening of Grievance Redress Mechanism in Banks Please refer to the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated December 4, 2020, wherein it was stated that with a view to strengthen and improve the efficacy of the grievance redress mechanism of banks
જાન્યુ 27, 2021
Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies - CRISIL Ratings Limited
RBI/2020-21/86 DOR.No.CRE.BC.33/21.06.007/2020-21 January 27, 2021 All Scheduled Commercial Banks (Excluding Payment Banks, Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies – CRISIL Ratings Limited Please refer to the Master Circular DBR.No.BP.BC.4./21.06.001/2015-16 dated July 1, 2015 on 'Prudential Guidelines on Capital
RBI/2020-21/86 DOR.No.CRE.BC.33/21.06.007/2020-21 January 27, 2021 All Scheduled Commercial Banks (Excluding Payment Banks, Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies – CRISIL Ratings Limited Please refer to the Master Circular DBR.No.BP.BC.4./21.06.001/2015-16 dated July 1, 2015 on 'Prudential Guidelines on Capital
જાન્યુ 25, 2021
Implementation of United Nations Security Council Resolution (UNSCR) - 1518 (2003) Sanctions Committee List - Updated UNSCR 1518 list and Removal of Two Individuals from the Sanctions List
RBI/2020-21/85 DOR.AML.No.32/14.06.001/2020-21 January 25, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of United Nations Security Council Resolution (UNSCR) - 1518 (2003) Sanctions Committee List – Updated UNSCR 1518 list and Removal of Two Individuals from the Sanctions List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “R
RBI/2020-21/85 DOR.AML.No.32/14.06.001/2020-21 January 25, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of United Nations Security Council Resolution (UNSCR) - 1518 (2003) Sanctions Committee List – Updated UNSCR 1518 list and Removal of Two Individuals from the Sanctions List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “R
જાન્યુ 21, 2021
Withdrawal of circulars - on Recovery of excess pension made to pensioners
RBI/2020-21/84 DGBA.GBD.No.SUO 546/45.01.001/2020-21 January 21, 2021 The Chairman / Chief Executive Officer All Agency Banks Dear Sir, Withdrawal of circulars - on Recovery of excess pension made to pensioners It has been brought to the notice of RBI that the recovery of excess /wrong pension payments from the pensioners are being made in a manner that is not in keeping with the extant guidelines / Court orders. 2. This issue has been examined by RBI and it has been
RBI/2020-21/84 DGBA.GBD.No.SUO 546/45.01.001/2020-21 January 21, 2021 The Chairman / Chief Executive Officer All Agency Banks Dear Sir, Withdrawal of circulars - on Recovery of excess pension made to pensioners It has been brought to the notice of RBI that the recovery of excess /wrong pension payments from the pensioners are being made in a manner that is not in keeping with the extant guidelines / Court orders. 2. This issue has been examined by RBI and it has been
જાન્યુ 08, 2021
Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI 400 001 Notification No. FEMA 23(R)/(4)/2021-RB January 08, 2021 Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021 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 followi
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI 400 001 Notification No. FEMA 23(R)/(4)/2021-RB January 08, 2021 Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021 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 followi
જાન્યુ 07, 2021
Risk Based Internal Audit (RBIA) Framework - Strengthening Governance arrangements
RBI/2020-21/83 Ref.No.DoS.CO.PPG./SEC.04/11.01.005/2020-21 January 07, 2021 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payments Banks Madam / Dear Sir, Risk Based Internal Audit (RBIA) Framework – Strengthening Governance arrangements In terms of the Guidance Note on Risk-Based Internal Audit issued by RBI vide circular DBS.CO.PP.BC.10/11.01.005/2002-03
RBI/2020-21/83 Ref.No.DoS.CO.PPG./SEC.04/11.01.005/2020-21 January 07, 2021 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payments Banks Madam / Dear Sir, Risk Based Internal Audit (RBIA) Framework – Strengthening Governance arrangements In terms of the Guidance Note on Risk-Based Internal Audit issued by RBI vide circular DBS.CO.PP.BC.10/11.01.005/2002-03
જાન્યુ 05, 2021
Introduction of Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems
RBI/2020-21/82 DPSS.CO.OD No.901/06.24.001/2020-21 January 05, 2021 The Chairman / Managing Director / Chief Executive Officerof member banks participating in RTGS / NEFT Madam / Dear Sir, Introduction of Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide. It was conceived as a key measure to improve the quality
RBI/2020-21/82 DPSS.CO.OD No.901/06.24.001/2020-21 January 05, 2021 The Chairman / Managing Director / Chief Executive Officerof member banks participating in RTGS / NEFT Madam / Dear Sir, Introduction of Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide. It was conceived as a key measure to improve the quality
જાન્યુ 05, 2021
Operationalisation of Payments Infrastructure Development Fund (PIDF) Scheme (Updated as on June 09, 2022)
RBI/2020-21/81 DPSS.CO.AD No.900/02.29.005/2020-21 January 05, 2021 (Updated as on June 09, 2022) (Updated as on August 26, 2021) The Chairman / Managing Director / Chief Executive Officer Card Issuing and Acquiring Banks and Non-banks / Authorised Card Networks Madam / Dear Sir, Operationalisation of Payments Infrastructure Development Fund (PIDF) Scheme Please refer to the Statement on Developmental and Regulatory Policies dated October 4, 2019 and the Press Release
RBI/2020-21/81 DPSS.CO.AD No.900/02.29.005/2020-21 January 05, 2021 (Updated as on June 09, 2022) (Updated as on August 26, 2021) The Chairman / Managing Director / Chief Executive Officer Card Issuing and Acquiring Banks and Non-banks / Authorised Card Networks Madam / Dear Sir, Operationalisation of Payments Infrastructure Development Fund (PIDF) Scheme Please refer to the Statement on Developmental and Regulatory Policies dated October 4, 2019 and the Press Release
ડિસે 18, 2020
Amendment to Master Direction (MD) on KYC - Centralized KYC Registry - Roll out of Legal Entity Template & other changes
RBI/2020-21/80 DOR.AML.BC.No.31/14.01.001/2020-21 December 18, 2020 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Centralized KYC Registry – Roll out of Legal Entity Template & other changes Regulated Entities (REs) have been uploading the KYC data pertaining to all individual accounts opened on or after January 1, 2017 on to CKYCR in terms of the provisions of the Prevention of Money Laundering (M
RBI/2020-21/80 DOR.AML.BC.No.31/14.01.001/2020-21 December 18, 2020 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Centralized KYC Registry – Roll out of Legal Entity Template & other changes Regulated Entities (REs) have been uploading the KYC data pertaining to all individual accounts opened on or after January 1, 2017 on to CKYCR in terms of the provisions of the Prevention of Money Laundering (M
ડિસે 14, 2020
Opening of Current Accounts by Banks - Need for Discipline
RBI/2020-21/79 DOR.No.BP.BC.30/21.04.048/2020-21 December 14, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to the circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 and DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 on the captioned subject. On a review, it has been decided to permit banks to open specific accounts which are stipulated under vario
RBI/2020-21/79 DOR.No.BP.BC.30/21.04.048/2020-21 December 14, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to the circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 and DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 on the captioned subject. On a review, it has been decided to permit banks to open specific accounts which are stipulated under vario
ડિસે 04, 2020
Regional Rural Banks - Access to Call/Notice/Term Money Market
RBI/2020-21/78 FMRD.DIRD.01/14.01.001/2020-21 December 04, 2020 All Eligible Market Participants Madam/Sir, Regional Rural Banks- Access to Call/Notice/Term Money Market A reference is invited to the Statement of Developmental and Regulatory Policies dated December 4, 2020 wherein it was announced that Regional Rural Banks (RRBs) shall be permitted to participate in the call/notice/term money market. 2. Accordingly, RRBs shall be permitted to participate in the call/n
RBI/2020-21/78 FMRD.DIRD.01/14.01.001/2020-21 December 04, 2020 All Eligible Market Participants Madam/Sir, Regional Rural Banks- Access to Call/Notice/Term Money Market A reference is invited to the Statement of Developmental and Regulatory Policies dated December 4, 2020 wherein it was announced that Regional Rural Banks (RRBs) shall be permitted to participate in the call/notice/term money market. 2. Accordingly, RRBs shall be permitted to participate in the call/n
ડિસે 04, 2020
External Trade - Facilitation - Export of Goods and Services
RBI/2020-21/77 A.P. (DIR Series) Circular No. 08 December 04, 2020 To, All Category - I Authorised Dealer Banks Madam / Sir, External Trade – Facilitation - Export of Goods and Services Please refer to the Statement on Development and Regulatory Polices announced as part of Bi-monthly Monetary Policy Statement dated December 4, 2020. With a view to further enhance the ease of doing business and quicken the approval process, it has been decided to delegate more powers
RBI/2020-21/77 A.P. (DIR Series) Circular No. 08 December 04, 2020 To, All Category - I Authorised Dealer Banks Madam / Sir, External Trade – Facilitation - Export of Goods and Services Please refer to the Statement on Development and Regulatory Polices announced as part of Bi-monthly Monetary Policy Statement dated December 4, 2020. With a view to further enhance the ease of doing business and quicken the approval process, it has been decided to delegate more powers
ડિસે 04, 2020
Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs)
RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 December 4, 2020 All Regional Rural Banks Madam/ Sir, Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs) In order to provide an additional avenue for liquidity management to Regional Rural Banks (RRBs), it has been decided that Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) will be extended to Scheduled RRBs meeting the followi
RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 December 4, 2020 All Regional Rural Banks Madam/ Sir, Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs) In order to provide an additional avenue for liquidity management to Regional Rural Banks (RRBs), it has been decided that Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) will be extended to Scheduled RRBs meeting the followi
ડિસે 04, 2020
Declaration of dividends by banks
RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.64/21.02.067/2019-20 dated April 17, 2020, on the captioned subject. 2. In view of the ongoing stress and heightened uncertainty on account of COVID-19, it is imperative that banks continue to conserve capital to support the economy and absorb losses. In order to
RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.64/21.02.067/2019-20 dated April 17, 2020, on the captioned subject. 2. In view of the ongoing stress and heightened uncertainty on account of COVID-19, it is imperative that banks continue to conserve capital to support the economy and absorb losses. In order to
ડિસે 04, 2020
Processing of e-mandates for recurring transactions
RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Non-bank Prepaid Payment Instrument issuers / Authorised Card Payment Networks / National Payments Corporation of India Madam / D
RBI/2020-21/74 DPSS.CO.PD No.754/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Non-bank Prepaid Payment Instrument issuers / Authorised Card Payment Networks / National Payments Corporation of India Madam / D
ડિસે 04, 2020
Perpetual Validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act)
RBI/2020-21/72 DPSS.CO.AD.No.724/02.27.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive OfficerAuthorised Non-bank Payment System Operators Madam / Dear Sir. Perpetual Validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act) This has reference to the Statement on Developmental and Regulatory Policies dated October 9, 2020 wherein Reserve Bank of Ind
RBI/2020-21/72 DPSS.CO.AD.No.724/02.27.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive OfficerAuthorised Non-bank Payment System Operators Madam / Dear Sir. Perpetual Validity for Certificate of Authorisation (CoA) issued to Payment System Operators (PSOs) under Payment and Settlement Systems Act, 2007 (PSS Act) This has reference to the Statement on Developmental and Regulatory Policies dated October 9, 2020 wherein Reserve Bank of Ind
ડિસે 04, 2020
Authorisation of entities for operating a Payment System under the Payment and Settlement Systems Act, 2007 (PSS Act) - Introduction of Cooling Period
RBI/2020-21/73 DPSS.CO.OD.No.753/06.08.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive Officer Non-bank Payment System Operators Madam / Dear Sir Authorisation of entities for operating a Payment System under the Payment and Settlement Systems Act, 2007 (PSS Act) – Introduction of Cooling Period Please refer to provisions contained in Section 4 of PSS Act and ‘Oversight Framework for Financial Market Infrastructures and Retail Payment S
RBI/2020-21/73 DPSS.CO.OD.No.753/06.08.005/2020-21 December 4, 2020 The Chairman / Managing Director / Chief Executive Officer Non-bank Payment System Operators Madam / Dear Sir Authorisation of entities for operating a Payment System under the Payment and Settlement Systems Act, 2007 (PSS Act) – Introduction of Cooling Period Please refer to provisions contained in Section 4 of PSS Act and ‘Oversight Framework for Financial Market Infrastructures and Retail Payment S
ડિસે 04, 2020
Card transactions in Contactless mode - Relaxation in requirement of Additional Factor of Authentication
RBI/2020-21/71 DPSS.CO.PD No.752/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Non-bank Prepaid Payment Instrument issuers / Authorised Card Payment Networks Madam / Dear Sir, Card transactions in Contactless
RBI/2020-21/71 DPSS.CO.PD No.752/02.14.003/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payments Banks / Small Finance Banks / Local Area Banks / Non-bank Prepaid Payment Instrument issuers / Authorised Card Payment Networks Madam / Dear Sir, Card transactions in Contactless
ડિસે 04, 2020
24x7 Availability of Real Time Gross Settlement (RTGS) System
RBI/2020-21/70 DPSS (CO) RTGS No.750/04.04.016/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, 24x7 Availability of Real Time Gross Settlement (RTGS) System A reference is invited to the Statement on Developmental and Regulatory Policies dated October 09, 2020 wherein Reserve Bank of India (RBI) had announced making available the Real Time Gross Settlement (RTGS) system round
RBI/2020-21/70 DPSS (CO) RTGS No.750/04.04.016/2020-21 December 04, 2020 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, 24x7 Availability of Real Time Gross Settlement (RTGS) System A reference is invited to the Statement on Developmental and Regulatory Policies dated October 09, 2020 wherein Reserve Bank of India (RBI) had announced making available the Real Time Gross Settlement (RTGS) system round
ડિસે 03, 2020
Foreign Exchange Management (Export and Import of Currency) (Second Amendment) Regulations, 2020
RESERVE BANK OF INDIA (Foreign Exchange Department) (Central Office) Mumbai – 400001 Notification No. FEMA 6 (R)/(3)/2020-RB December 03, 2020 Foreign Exchange Management (Export and Import of Currency) (Second Amendment) Regulations, 2020 In exercise of the powers conferred by clause (ga) 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 amendments to the Foreign Exchange Managem
RESERVE BANK OF INDIA (Foreign Exchange Department) (Central Office) Mumbai – 400001 Notification No. FEMA 6 (R)/(3)/2020-RB December 03, 2020 Foreign Exchange Management (Export and Import of Currency) (Second Amendment) Regulations, 2020 In exercise of the powers conferred by clause (ga) 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 amendments to the Foreign Exchange Managem
નવે 23, 2020
Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign law firms
RBI/2020-21/69A.P. (DIR Series) Circular No. 07 November 23, 2020 To, All Category - I Authorized Dealer Banks Madam / Sir Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign law firms Attention of the Authorised Dealer (AD - Category I) banks is invited to AP (DIR Series) Circular No. 23 dated October 29, 2015, on the above issue advising that no fresh permissions/ renewal of permission sh
RBI/2020-21/69A.P. (DIR Series) Circular No. 07 November 23, 2020 To, All Category - I Authorized Dealer Banks Madam / Sir Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign law firms Attention of the Authorised Dealer (AD - Category I) banks is invited to AP (DIR Series) Circular No. 23 dated October 29, 2015, on the above issue advising that no fresh permissions/ renewal of permission sh
નવે 17, 2020
Maintenance of Escrow Account with a Scheduled Commercial Bank
RBI/2020-21/68 DPSS.CO.PD.No.660/02.14.008/2020-21 November 17, 2020 All Scheduled Commercial Banks / Authorised Prepaid Payment Instrument Issuers / Payment Aggregators / Payment System Providers / System Participants Madam / Dear Sir, Maintenance of Escrow Account with a Scheduled Commercial Bank A reference is invited to the instructions issued by Reserve Bank of India vide (a) DPSS.CO.PD.No.1164/02.14.006/2017-18 dated October 11, 2017 (updated as on February 28,
RBI/2020-21/68 DPSS.CO.PD.No.660/02.14.008/2020-21 November 17, 2020 All Scheduled Commercial Banks / Authorised Prepaid Payment Instrument Issuers / Payment Aggregators / Payment System Providers / System Participants Madam / Dear Sir, Maintenance of Escrow Account with a Scheduled Commercial Bank A reference is invited to the instructions issued by Reserve Bank of India vide (a) DPSS.CO.PD.No.1164/02.14.006/2017-18 dated October 11, 2017 (updated as on February 28,
નવે 17, 2020
Foreign Exchange Management Act, 1999 (FEMA)- Compounding of Contraventions under FEMA, 1999
RBI/2020-21/67 A.P. (DIR Series) Circular No. 06 November 17, 2020 To All Category-I Authorised Dealer Banks Madam / Sir Foreign Exchange Management Act, 1999 (FEMA)- Compounding of Contraventions under FEMA, 1999 The attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph 3 of the Master Direction on “Compounding of Contraventions under FEMA, 1999”, in terms of which the powers to compound certain contraventions of Notifications FEMA 2
RBI/2020-21/67 A.P. (DIR Series) Circular No. 06 November 17, 2020 To All Category-I Authorised Dealer Banks Madam / Sir Foreign Exchange Management Act, 1999 (FEMA)- Compounding of Contraventions under FEMA, 1999 The attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraph 3 of the Master Direction on “Compounding of Contraventions under FEMA, 1999”, in terms of which the powers to compound certain contraventions of Notifications FEMA 2
નવે 13, 2020
Discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999
RBI/2020-21/66A.P. (DIR Series) Circular No. 05 November 13, 2020 To All Authorised Persons Madam/Sir Discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999 The attention of Authorised Persons is invited to the Master Direction - Reporting under Foreign Exchange Management Act, 1999 dated January 01, 2016, as amended from time to time, and other reporting related instructions issued by the Reserve Bank of India. 2. With a view to improve the ea
RBI/2020-21/66A.P. (DIR Series) Circular No. 05 November 13, 2020 To All Authorised Persons Madam/Sir Discontinuation of Returns/Reports under Foreign Exchange Management Act, 1999 The attention of Authorised Persons is invited to the Master Direction - Reporting under Foreign Exchange Management Act, 1999 dated January 01, 2016, as amended from time to time, and other reporting related instructions issued by the Reserve Bank of India. 2. With a view to improve the ea
નવે 13, 2020
Formation of new district in the State of Nagaland - Assignment of Lead Bank Responsibility
RBI/2020-21/65 FIDD.CO.LBS.BC.No.09/02.08.001/2020-21 November 13, 2020 The Chairmen / Managing Directors & Chief Executive Officers All Lead Banks Madam/ Dear Sir, Formation of new district in the State of Nagaland – Assignment of Lead Bank Responsibility The Government of Nagaland vide Gazette Notification No.GAB-6/ZBTO/67/2009 dated December 21, 2017 had notified the formation of new district in the State of Nagaland followed by related notifications dated July
RBI/2020-21/65 FIDD.CO.LBS.BC.No.09/02.08.001/2020-21 November 13, 2020 The Chairmen / Managing Directors & Chief Executive Officers All Lead Banks Madam/ Dear Sir, Formation of new district in the State of Nagaland – Assignment of Lead Bank Responsibility The Government of Nagaland vide Gazette Notification No.GAB-6/ZBTO/67/2009 dated December 21, 2017 had notified the formation of new district in the State of Nagaland followed by related notifications dated July
નવે 05, 2020
Exim Bank's Government of India supported Line of Credit (LoC) of USD 20.10 million to the Government of the Republic of Nicaragua
RBI/2020-2021/64 A.P. (DIR Series) Circular No. 04 November 05, 2020 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 20.10 million to the Government of the Republic of Nicaragua Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 12, 2020 with the Government of the Republic of Nicaragua, for making available to the latter, Government of India supported Line of Credit
RBI/2020-2021/64 A.P. (DIR Series) Circular No. 04 November 05, 2020 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 20.10 million to the Government of the Republic of Nicaragua Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 12, 2020 with the Government of the Republic of Nicaragua, for making available to the latter, Government of India supported Line of Credit
નવે 05, 2020
Co-Lending by Banks and NBFCs to Priority Sector
RBI/2020-21/63 FIDD.CO.Plan.BC.No.8/04.09.01/2020-21 November 05, 2020 The Chairman / Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding SFBs, RRBs, UCBs and LABs)All Registered Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Co-Lending by Banks and NBFCs to Priority Sector Please refer to the circular FIDD.CO.Plan.BC.08/04.09.01/2018-19 dated September 21, 2018 on co-origination of loans by banks an
RBI/2020-21/63 FIDD.CO.Plan.BC.No.8/04.09.01/2020-21 November 05, 2020 The Chairman / Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks(Excluding SFBs, RRBs, UCBs and LABs)All Registered Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Co-Lending by Banks and NBFCs to Priority Sector Please refer to the circular FIDD.CO.Plan.BC.08/04.09.01/2018-19 dated September 21, 2018 on co-origination of loans by banks an
નવે 02, 2020
Opening of Current Accounts by Banks - Need for Discipline
RBI/2020-21/62 DOR.No.BP.BC.27/21.04.048/2020-21 November 02, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to our circular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 on the captioned subject. 2. In this connection, a reference is invited to Para 4 of the circular referred to above, wherein the banks were advised that in respect of existing current and CC/OD a
RBI/2020-21/62 DOR.No.BP.BC.27/21.04.048/2020-21 November 02, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to our circular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 on the captioned subject. 2. In this connection, a reference is invited to Para 4 of the circular referred to above, wherein the banks were advised that in respect of existing current and CC/OD a
ઑક્ટો 27, 2020
Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020)
RBI/2020-21/61DOR.No.BP.BC.26/21.04.048/2020-21 October 26, 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, Scheme for grant of ex-gratia payment of difference between compound interest and s
RBI/2020-21/61DOR.No.BP.BC.26/21.04.048/2020-21 October 26, 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, Scheme for grant of ex-gratia payment of difference between compound interest and s
ઑક્ટો 23, 2020
Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020
RESERVE BANK OF INDIA (Financial Markets Regulation Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 23rd October, 2020 Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 No. FEMA.399/RB-2020.– In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following regulations, to promote orderly development and maintenance of fo
RESERVE BANK OF INDIA (Financial Markets Regulation Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 23rd October, 2020 Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 No. FEMA.399/RB-2020.– In exercise of the powers conferred by clause (h) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following regulations, to promote orderly development and maintenance of fo
ઑક્ટો 22, 2020
Review of regulatory framework for Housing Finance Companies (HFCs)
RBI/2020-21/60 DOR.NBFC (HFC).CC.No.118/03.10.136/2020-21 October 22, 2020 To, Housing Finance Companies Madam/ Dear Sir, Review of regulatory framework for Housing Finance Companies (HFCs) Please refer to the Bank’s Press Release No.2019-20/419 dated August 13, 2019 and draft regulatory framework placed in public domain on June 17, 2020 seeking comments from stakeholders. Based on the examination of the inputs received, it has been decided to issue the revised regula
RBI/2020-21/60 DOR.NBFC (HFC).CC.No.118/03.10.136/2020-21 October 22, 2020 To, Housing Finance Companies Madam/ Dear Sir, Review of regulatory framework for Housing Finance Companies (HFCs) Please refer to the Bank’s Press Release No.2019-20/419 dated August 13, 2019 and draft regulatory framework placed in public domain on June 17, 2020 seeking comments from stakeholders. Based on the examination of the inputs received, it has been decided to issue the revised regula
ઑક્ટો 22, 2020
Digital Payment Transactions - Streamlining QR Code infrastructure
RBI/2020-21/59DPSS.CO.PD.No.497/02.14.003/2020-21 October 22, 2020 The Chairman / Managing Director / Chief Executive Officer Authorised Payment System Operators (Banks and Non-banks) Madam / Dear Sir, Digital Payment Transactions – Streamlining QR Code infrastructure As you are aware, Reserve Bank had constituted a Committee (Chairperson : Prof Deepak Phatak) to review the current system of Quick Response (QR) Codes in India and suggest measures for moving towards in
RBI/2020-21/59DPSS.CO.PD.No.497/02.14.003/2020-21 October 22, 2020 The Chairman / Managing Director / Chief Executive Officer Authorised Payment System Operators (Banks and Non-banks) Madam / Dear Sir, Digital Payment Transactions – Streamlining QR Code infrastructure As you are aware, Reserve Bank had constituted a Committee (Chairperson : Prof Deepak Phatak) to review the current system of Quick Response (QR) Codes in India and suggest measures for moving towards in
ઑક્ટો 22, 2020
Framework for Recognition of a Self-Regulatory Organisation for Payment System Operators
RBI/2020-21/58 DPSS.CO.PD.No.503/02.12.004/2020-21 October 22, 2020 The Chairman / Managing Director / Chief Executive OfficerAuthorised Payment System Operators (Banks and Non-banks) Madam / Dear Sir, Framework for Recognition of a Self-Regulatory Organisation for Payment System Operators Industry self-governance helps in industry-wide smooth operations and ecosystem development. Reserve Bank of India’s Payment and Settlement Systems Vision 2019-21, therefore, envisa
RBI/2020-21/58 DPSS.CO.PD.No.503/02.12.004/2020-21 October 22, 2020 The Chairman / Managing Director / Chief Executive OfficerAuthorised Payment System Operators (Banks and Non-banks) Madam / Dear Sir, Framework for Recognition of a Self-Regulatory Organisation for Payment System Operators Industry self-governance helps in industry-wide smooth operations and ecosystem development. Reserve Bank of India’s Payment and Settlement Systems Vision 2019-21, therefore, envisa
ઑક્ટો 20, 2020
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs)
RBI/2020-21/57 DOR.CO RRB.No.25/31.04.002/2020-21 October 20, 2020 All Regional Rural Banks Dear Sir/Madam, Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs) We advise that the names of ten amalgamated Regional Rural Banks have been included and names of 21 erstwhile Regional Rural Banks (RRBs) have been excluded to/from the Second Schedule to the Reserve Bank of India Act, 1934, respectively, by Notif
RBI/2020-21/57 DOR.CO RRB.No.25/31.04.002/2020-21 October 20, 2020 All Regional Rural Banks Dear Sir/Madam, Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs) We advise that the names of ten amalgamated Regional Rural Banks have been included and names of 21 erstwhile Regional Rural Banks (RRBs) have been excluded to/from the Second Schedule to the Reserve Bank of India Act, 1934, respectively, by Notif
ઑક્ટો 16, 2020
Individual Housing Loans - Rationalisation of Risk Weights
RBI/2020-21/56 DOR.No.BP.BC.24/08.12.015/2020-21 October 16, 2020 All Scheduled Commercial Banks (Including Small Finance Banks, Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Individual Housing Loans – Rationalisation of Risk Weights Please refer to paragraph 6 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on rationalization of@@NBSP@@ risk weights on Individual Housing Loans. 2. In terms of circular No. DBR.BP.
RBI/2020-21/56 DOR.No.BP.BC.24/08.12.015/2020-21 October 16, 2020 All Scheduled Commercial Banks (Including Small Finance Banks, Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Individual Housing Loans – Rationalisation of Risk Weights Please refer to paragraph 6 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on rationalization of@@NBSP@@ risk weights on Individual Housing Loans. 2. In terms of circular No. DBR.BP.
ઑક્ટો 13, 2020
Submission of returns under Section 31 (read with section 56) of the Banking Regulation Act, 1949 - Extension of time
RBI/2020-2021/55 DoR(PCB). BPD.Cir No.4/12.05.001/2020-21 October 13, 2020 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks,All State Co-operative Banks and Central Co-operative Banks Madam / Dear Sir, Submission of returns under Section 31 (read with section 56) of the Banking Regulation Act, 1949 - Extension of time Please refer to our circular DoR (PCB).BPD.Cir.No.2/12.05.001/2020-21 dated August 26, 2020 issued to a
RBI/2020-2021/55 DoR(PCB). BPD.Cir No.4/12.05.001/2020-21 October 13, 2020 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks,All State Co-operative Banks and Central Co-operative Banks Madam / Dear Sir, Submission of returns under Section 31 (read with section 56) of the Banking Regulation Act, 1949 - Extension of time Please refer to our circular DoR (PCB).BPD.Cir.No.2/12.05.001/2020-21 dated August 26, 2020 issued to a
ઑક્ટો 12, 2020
SLR holdings in HTM category
RBI/2020-2021/54 DoR.No.BP.BC.22/21.04.141/2020-21 October 12, 2020 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 2 of Statement on Developmental and Regulatory Policies of the Monetary Policy Statement, 2020-21 dated October 9, 2020 and our circular DoR.No.BP.BC.9/21.04.141/2020-21 dated September 1, 2020 on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Mat
RBI/2020-2021/54 DoR.No.BP.BC.22/21.04.141/2020-21 October 12, 2020 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 2 of Statement on Developmental and Regulatory Policies of the Monetary Policy Statement, 2020-21 dated October 9, 2020 and our circular DoR.No.BP.BC.9/21.04.141/2020-21 dated September 1, 2020 on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Mat
ઑક્ટો 12, 2020
Regulatory Retail Portfolio - Revised Limit for Risk Weight
RBI/2020-21/53DOR.No.BP.BC.23/21.06.201/2020-21 October 12, 2020 All Scheduled Commercial Banks (Including Small Finance Banks,Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Regulatory Retail Portfolio – Revised Limit for Risk Weight Please refer to paragraph 5 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on the limit for regulatory retail portfolio. 2. In terms of para 5.9 on “Claims included in the Regulatory
RBI/2020-21/53DOR.No.BP.BC.23/21.06.201/2020-21 October 12, 2020 All Scheduled Commercial Banks (Including Small Finance Banks,Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Regulatory Retail Portfolio – Revised Limit for Risk Weight Please refer to paragraph 5 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on the limit for regulatory retail portfolio. 2. In terms of para 5.9 on “Claims included in the Regulatory
ઑક્ટો 09, 2020
Sovereign Gold Bond Scheme (SGB) 2020-21- Series VII, VIII, IX, X, XI, XII
RBI/2020-2021/52 IDMD.CDD.No.730/14.04.050/2020-21 October 9, 2020 The Chairman& Managing DirectorAll 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 VII, VIII, IX, X, XI, XII Government of India has vide its Notification No F.No4.(4)-B (W&M)/2020 dated October 9,
RBI/2020-2021/52 IDMD.CDD.No.730/14.04.050/2020-21 October 9, 2020 The Chairman& Managing DirectorAll 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 VII, VIII, IX, X, XI, XII Government of India has vide its Notification No F.No4.(4)-B (W&M)/2020 dated October 9,
ઑક્ટો 09, 2020
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Addition of one entry
RBI/2020-2021/51 DOR.AML.BC.No.21/14.06.001/2020-21 October 09, 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 – Addition of one entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms of which “Regulated Entities (REs) shall ensure that in
RBI/2020-2021/51 DOR.AML.BC.No.21/14.06.001/2020-21 October 09, 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 – Addition of one entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms of which “Regulated Entities (REs) shall ensure that in
ઑક્ટો 09, 2020
Export Data Processing and Monitoring System (EDPMS) Module for ‘Caution/De-caution Listing of Exporters’ - Review
RBI/2020-2021/50 A.P. (DIR Series) Circular No.03 October 09, 2020 To All Category - I Authorised Dealer Banks Madam / Sir, Export Data Processing and Monitoring System (EDPMS) Module for ‘Caution/De-caution Listing of Exporters’ - Review Please refer to Para 4 of Statement on Development and Regulatory Policies issued on October 9, 2020. In this connection, attention of Authorised Dealer Category – I banks (AD banks) is invited to Para 3.1 of the APDIR Circular No. 7
RBI/2020-2021/50 A.P. (DIR Series) Circular No.03 October 09, 2020 To All Category - I Authorised Dealer Banks Madam / Sir, Export Data Processing and Monitoring System (EDPMS) Module for ‘Caution/De-caution Listing of Exporters’ - Review Please refer to Para 4 of Statement on Development and Regulatory Policies issued on October 9, 2020. In this connection, attention of Authorised Dealer Category – I banks (AD banks) is invited to Para 3.1 of the APDIR Circular No. 7
ઑક્ટો 08, 2020
Exim Bank's Government of India supported Line of Credit (LoC) of USD 310 million to the Government of the Republic of Zimbabwe
RBI/2020-2021/49 A.P. (DIR Series) Circular No.02 October 08, 2020 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 310 million to the Government of the Republic of Zimbabwe Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 24, 2020 with the Government of the Republic of Zimbabwe, for making available to the latter, Government of India supported Line of Credit (L
RBI/2020-2021/49 A.P. (DIR Series) Circular No.02 October 08, 2020 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 310 million to the Government of the Republic of Zimbabwe Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 24, 2020 with the Government of the Republic of Zimbabwe, for making available to the latter, Government of India supported Line of Credit (L
ઑક્ટો 07, 2020
Interest Subvention Scheme for MSMEs - Co-operative banks
RBI/2020-21/48 DOR (PCB).BPD.Cir No.3/13.05.001/2020-21 October 7, 2020 The Managing Director / Chief Executive OfficerAll Primary (Urban) Co-operative BanksAll State Co-operative BanksAll District Central Co-operative Banks Dear Sir / Madam, Interest Subvention Scheme for MSMEs – Co-operative banks Government of India, Ministry of Micro, Small and Medium Enterprises (MSMEs) had announced the ‘Interest Subvention Scheme for MSMEs 2018’ on November 2, 2018 for Schedule
RBI/2020-21/48 DOR (PCB).BPD.Cir No.3/13.05.001/2020-21 October 7, 2020 The Managing Director / Chief Executive OfficerAll Primary (Urban) Co-operative BanksAll State Co-operative BanksAll District Central Co-operative Banks Dear Sir / Madam, Interest Subvention Scheme for MSMEs – Co-operative banks Government of India, Ministry of Micro, Small and Medium Enterprises (MSMEs) had announced the ‘Interest Subvention Scheme for MSMEs 2018’ on November 2, 2018 for Schedule
સપ્ટે 30, 2020
Exclusion of “Syndicate Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company
RBI/2020-21/47 DOR.No.Ret.BC.20/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Syndicate Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Syndicate Bank” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020 vide Notification DOR.No.Ret.
RBI/2020-21/47 DOR.No.Ret.BC.20/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Syndicate Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Syndicate Bank” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020 vide Notification DOR.No.Ret.
સપ્ટે 30, 2020
Exclusion of “Oriental Bank of Commerce” and “United Bank of India” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company
RBI/2020-21/46 DOR.No.Ret.BC.19/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Oriental Bank of Commerce” and “United Bank of India” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Oriental Bank of Commerce” and “United Bank of India” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since they have ceased to carry o
RBI/2020-21/46 DOR.No.Ret.BC.19/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Oriental Bank of Commerce” and “United Bank of India” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Oriental Bank of Commerce” and “United Bank of India” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since they have ceased to carry o
સપ્ટે 30, 2020
Exclusion of “Andhra Bank” and “Corporation Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company
RBI/2020-21/45 DOR.No.Ret.BC.18/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Andhra Bank” and “Corporation Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Andhra Bank” and “Corporation Bank” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since they have ceased to carry on banking business with effect from
RBI/2020-21/45 DOR.No.Ret.BC.18/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Andhra Bank” and “Corporation Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Andhra Bank” and “Corporation Bank” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since they have ceased to carry on banking business with effect from
સપ્ટે 30, 2020
Exclusion of “Allahabad Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company
RBI/2020-21/44 DOR.No.Ret.BC.17/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Allahabad Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Allahabad Bank” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020 vide Notification DOR.No.Ret.
RBI/2020-21/44 DOR.No.Ret.BC.17/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Allahabad Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Allahabad Bank” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020 vide Notification DOR.No.Ret.
સપ્ટે 29, 2020
Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)
RBI/2020-21/43 DOR.BP.BC.No.16/21.04.098/2020-21 September 29, 2020 All Commercial Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our@@NBSP@@circular DOR.BP.BC.No.46/21.04.098/2019-20 dated March 27, 2020@@NBSP@@on Net Stable Funding Ratio (NSFR) guidelines. 2. In view of the continued uncertainty on account of COVID-19, on a review
RBI/2020-21/43 DOR.BP.BC.No.16/21.04.098/2020-21 September 29, 2020 All Commercial Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our@@NBSP@@circular DOR.BP.BC.No.46/21.04.098/2019-20 dated March 27, 2020@@NBSP@@on Net Stable Funding Ratio (NSFR) guidelines. 2. In view of the continued uncertainty on account of COVID-19, on a review
સપ્ટે 29, 2020
Basel III Capital Regulations - Review of transitional arrangements
RBI/2020-21/42DOR.BP.BC.No15/21.06.201/2020-21 September 29, 2020 All Commercial Banks (Excluding Small Finance Banks, Payment Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations - Review of transitional arrangements Please refer to circular DOR.BP.BC.No.45/21.06.201/2019-20 dated March 27, 2020 on ‘Basel III Capital Regulations - Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19, it has been decided to de
RBI/2020-21/42DOR.BP.BC.No15/21.06.201/2020-21 September 29, 2020 All Commercial Banks (Excluding Small Finance Banks, Payment Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations - Review of transitional arrangements Please refer to circular DOR.BP.BC.No.45/21.06.201/2019-20 dated March 27, 2020 on ‘Basel III Capital Regulations - Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19, it has been decided to de
સપ્ટે 25, 2020
Positive Pay System for Cheque Truncation System
RBI/2020-21/41 DPSS.CO.RPPD.No.309/04.07.005/2020-21 September 25, 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 / National Payments Corporation of India Madam / Dear Sir, Positive Pay System for Cheque Truncation System Please refer to the
RBI/2020-21/41 DPSS.CO.RPPD.No.309/04.07.005/2020-21 September 25, 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 / National Payments Corporation of India Madam / Dear Sir, Positive Pay System for Cheque Truncation System Please refer to the
સપ્ટે 25, 2020
Formation of new districts in the State of Arunachal Pradesh - Assignment of Lead Bank Responsibility
RBI/2020-21/40 FIDD.CO.LBS.BC.No.07/02.08.001/2020-21 September 25, 2020 The Chairmen / Managing Directors & Chief Executive Officers All Lead Banks Madam/ Dear Sir, Formation of new districts in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility The Government of Arunachal Pradesh vide Gazette Notification G.O. No.577 dated December 04, 2017 and G.O. No.433 dated October 05, 2018 had notified the formation of new districts in the State of Aru
RBI/2020-21/40 FIDD.CO.LBS.BC.No.07/02.08.001/2020-21 September 25, 2020 The Chairmen / Managing Directors & Chief Executive Officers All Lead Banks Madam/ Dear Sir, Formation of new districts in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility The Government of Arunachal Pradesh vide Gazette Notification G.O. No.577 dated December 04, 2017 and G.O. No.433 dated October 05, 2018 had notified the formation of new districts in the State of Aru
સપ્ટે 17, 2020
Exim Bank's Government of India supported Line of Credit (LoC) of USD 215.68 million to the Government of the Republic of Malawi
RBI/2020-2021/38 A.P. (DIR Series) Circular No.01 September 17, 2020 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 215.68 million to the Government of the Republic of Malawi Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 12, 2020 with the Government of the Republic of Malawi, for making available to the latter, Government of India supported Line of Credit (LoC)
RBI/2020-2021/38 A.P. (DIR Series) Circular No.01 September 17, 2020 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 215.68 million to the Government of the Republic of Malawi Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 12, 2020 with the Government of the Republic of Malawi, for making available to the latter, Government of India supported Line of Credit (LoC)
સપ્ટે 14, 2020
Automation of Income Recognition, Asset Classification and Provisioning processes in banks
RBI/2020-21/37 Ref. No. DoS.CO.PPG./SEC.03/11.01.005/2020-21 September 14, 2020 The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks (Excluding RRBs) andAll Small Finance Banks Madam / Dear Sir, Automation of Income Recognition, Asset Classification and Provisioning processes in banks We invite a reference to our circular DBS.CO.PPD.No.1950/11.01.005/2011-12 dated August 04, 2011, in terms of which banks were advised, inter alia, to
RBI/2020-21/37 Ref. No. DoS.CO.PPG./SEC.03/11.01.005/2020-21 September 14, 2020 The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks (Excluding RRBs) andAll Small Finance Banks Madam / Dear Sir, Automation of Income Recognition, Asset Classification and Provisioning processes in banks We invite a reference to our circular DBS.CO.PPD.No.1950/11.01.005/2011-12 dated August 04, 2011, in terms of which banks were advised, inter alia, to
સપ્ટે 11, 2020
Compliance functions in banks and Role of Chief Compliance Officer (CCO)
RBI/2020-21/35 Ref. No. DoS.CO.PPG./SEC.02/11.01.005/2020-21 September 11, 2020 The Chairman / Managing Director & Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks and All Small Finance Banks and Payment Banks Madam / Dear Sir, Compliance functions in banks and Role of Chief Compliance Officer (CCO) Please refer to the guidelines on compliance functions vide our circulars DBS.CO.PP.BC.6/11.01.005/2006-07 dated April 20,
RBI/2020-21/35 Ref. No. DoS.CO.PPG./SEC.02/11.01.005/2020-21 September 11, 2020 The Chairman / Managing Director & Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks and All Small Finance Banks and Payment Banks Madam / Dear Sir, Compliance functions in banks and Role of Chief Compliance Officer (CCO) Please refer to the guidelines on compliance functions vide our circulars DBS.CO.PP.BC.6/11.01.005/2006-07 dated April 20,
સપ્ટે 11, 2020
Implementation of Section 51A of UAPA, 1967 - Updates to UNSC’s 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Amendment to 11 entries (10 Individuals and one entry in Entities and Groups)
RBI/2020-21/36 DOR.AML.BC.No.14/14.06.001/2020-21 September 11, 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 - Amendment to 11 entries (10 Individuals and one entry in Entities and Groups) Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms o
RBI/2020-21/36 DOR.AML.BC.No.14/14.06.001/2020-21 September 11, 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 - Amendment to 11 entries (10 Individuals and one entry in Entities and Groups) Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms o
સપ્ટે 07, 2020
Resolution Framework for COVID-19-related Stress - Financial Parameters
RBI/2020-21/34DOR.No.BP.BC/13/21.04.048/2020-21 September 7, 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 InstitutionsAll Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress – Financial Parameters Please refer
RBI/2020-21/34DOR.No.BP.BC/13/21.04.048/2020-21 September 7, 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 InstitutionsAll Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress – Financial Parameters Please refer
સપ્ટે 05, 2020
Long Form Audit Report (LFAR) - Review
RBI/2020-21/33 Ref.No.DOS.CO.PPG./SEC.01/11.01.005/2020-21 September 05, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payment Banks Madam /Dear Sir, Long Form Audit Report (LFAR) - Review Please refer to RBI circular No. DBS.CO.PP.BC.11/11.01.005/2001-2002 dated April 17, 2002 on revision of Long Form Audit Report (LFAR). 2. Keeping in view the large
RBI/2020-21/33 Ref.No.DOS.CO.PPG./SEC.01/11.01.005/2020-21 September 05, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payment Banks Madam /Dear Sir, Long Form Audit Report (LFAR) - Review Please refer to RBI circular No. DBS.CO.PP.BC.11/11.01.005/2001-2002 dated April 17, 2002 on revision of Long Form Audit Report (LFAR). 2. Keeping in view the large
સપ્ટે 03, 2020
Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934
RBI/2020-21/30 DOR.No.Ret.BC.10/12.07.150/2020-21 September 03, 2020 All Banks Madam/Sir Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Westpac Banking Corporation” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DOR.IBD.No.99/23.13.138/2020-21 dated July 18, 2020, which is published in the Gazette of India (Part III - Section 4) dated Au
RBI/2020-21/30 DOR.No.Ret.BC.10/12.07.150/2020-21 September 03, 2020 All Banks Madam/Sir Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Westpac Banking Corporation” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DOR.IBD.No.99/23.13.138/2020-21 dated July 18, 2020, which is published in the Gazette of India (Part III - Section 4) dated Au
સપ્ટે 03, 2020
Cessation of “Aditya Birla Idea Payments Bank Limited” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949
RBI/2020-21/32 DOR.No.Ret.BC.12/12.07.150/2020-21 September 03, 2020 All Banks Dear Sir/Madam Cessation of “Aditya Birla Idea Payments Bank Limited” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 We advise that the “Aditya Birla Idea Payments Bank Limited” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 with effect from July 28, 2020 vide Notification DOR.NBD.No.144/1
RBI/2020-21/32 DOR.No.Ret.BC.12/12.07.150/2020-21 September 03, 2020 All Banks Dear Sir/Madam Cessation of “Aditya Birla Idea Payments Bank Limited” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 We advise that the “Aditya Birla Idea Payments Bank Limited” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 with effect from July 28, 2020 vide Notification DOR.NBD.No.144/1
રિઝર્વ બેંક ઑફ ઇન્ડિયા મોબાઇલ એપ્લિકેશન ઇન્સ્ટૉલ કરો અને લેટેસ્ટ ન્યૂઝનો ઝડપી ઍક્સેસ મેળવો!
પેજની છેલ્લી અપડેટની તારીખ:
પેજની છેલ્લી અપડેટની તારીખ: જુલાઈ 16, 2024
