FAQ Page 1 - ಆರ್ಬಿಐ - Reserve Bank of India
Coordinated Portfolio Investment Survey – India
updated: ಡಿಸೆಂ 01, 2023
Special instructions for banks
Ans: No, it should not be included, as it will be considered as resident to resident transaction.
FAQs on Non-Banking Financial Companies
Time frame for compliance of regulations
Domestic Deposits
III. Advances
An illustrative list of Intermediary Agencies is as under;
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State Sponsored organizations for on-lending to Weaker Sections@
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Distributors of agricultural inputs/ implements.
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State Financial Corporations (SFCs)/ State Industrial Development Corporations (SIDCs) to the extent they provide credit to weaker sections.
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National Small Industries Corporation (NSIC).
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Khadi and Village Industries Commission (KVIC)
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Agencies involved in assisting the decentralized sector.
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Housing and Urban Development Corporation Ltd. (HUDCO)
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Housing Finance Companies approved by National Housing Bank (NHB) for refinance.
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State sponsored organization for SCs/STs (for purchase and supply of inputs to and/or marketing of output of the beneficiaries of these organizations).
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Micro Finance Institutions/ Non-Government Organizations (NGOs) on lending to SHGs.
@ ‘Weaker Sections’ in Priority Sector includes following:
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Small and marginal farmers with land holdings of 5 acres and less, landless labourers, tenant farmers and share-croppers;
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Artisans, village and cottage industries where individual credit requirements do not exceed Rs.25,000/-.
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Small and marginal farmers, sharecroppers, agricultural and non-agricultural labourers, rural artisans and families living below the poverty lines are the beneficiaries. The family income should not exceed Rs.11,000/- per annum.
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Scheduled Castes and Scheduled Tribes.
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Beneficiaries are persons whose family income from all sources does not exceed Rs.7200/- per annum in urban or semi urban areas or Rs.6400/- per annum in rural areas. They should not own any land or the size of their holding does not exceed one acre in the case of irrigated land and 2.5 acres in the case of unirrigated land (land holding criteria do not apply to SC/ST).
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Beneficiaries under Scheme of Liberation and Rehabilitation of Scavengers (SLRs).
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Advances granted to Self-Help Groups (SHGs) for reaching the rural poor.
Business restrictions imposed on Paytm Payments Bank Limited vide Press Releases dated January 31 and February 16, 2024
Paytm Payments Bank Business Correspondent
External Commercial Borrowings (ECB) and Trade Credits
G. END-USES
Foreign Investment in India
Domestic Deposits
III. Advances
Yes. The banks are free to determine the rates of interest without reference to BPLR and regardless of the size, in respect of following loans:
(i) a. Loans for purchase of consumer durables.
b. Loans to individuals against shares and debentures/ bonds
c. Other non-priority sector personal loans.
d. Advances/ overdrafts against domestic/ NRE/ FCNR(B) deposits with the bank, provided that the deposit/s stands/ stand either in the name(s) of the borrower himself/ borrowers themselves, or in the names of the borrower jointly with another person.
e. Finance granted to intermediary agencies (excluding those of housing) for on lending to ultimate beneficiaries and agencies providing input support.
f. Finance granted to housing finance intermediary agencies for on lending to ultimate beneficiaries
g. Discounting of Bills
h. Loans/Advances/Cash Credit/Overdrafts against commodities subject to Selective Credit Control
ii. Loans covered by participation in interest refinancing schemes of term lending institutions. |
Banks are free to charge rates as per stipulations of the refinancing agencies without reference to BPLR |
Indian Currency
C. Different Types of Bank Notes and Security Features of banknotes
The Mahatma Gandhi (New) Series banknotes have a sharp colour contrast scheme to facilitate identification by the partially visually challenged. The banknotes from ₹100 denomination onwards, have angular bleed lines (4 lines in 2 blocks in ₹100, 4 angular bleed lines with two circles in between in ₹200, 5 lines in 3 blocks in ₹500, 7 in ₹ 2000) and identification mark for the benefit of the visually challenged. There is an identification mark on the front side of each note which is in raised print (intaglio) and has different shapes for different denominations for e.g. Horizontal rectangle for ₹2000, circle for ₹500, raised Identification mark H for ₹200, triangle for ₹100. Further, in these denominations numerals are prominently displayed in the central area of the notes in raised print.
Core Investment Companies
Core Investment Companies (CICs)
Ans: No, since the Company is not fulfilling the Principal Business Criteria (asset-income pattern) of an NBFC i.e. more than 50 % of its total assets should be financial assets and the income derived from these assets should be more than 50% of the gross income, it is not required to register as an NBFC under Section 45 IA of the RBI Act, 1934. However it should register itself as an NBFC as soon as it fulfills the criteria of an NBFC and comply with the NBFC norms.