Page	
	
Official Website of Reserve Bank of India	
ಪತ್ರಿಕಾ ಪ್ರಕಟಣೆಗಳು
												ಮೇ 13, 2016
                                                    
                                            
                                            
                                                
                                                    
																													Applications for authorising BBPOUs: Status
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India had, on October 20, 2015, invited applications from banks and non-banks for authorisation/approval as Bharat Bill Payment Operating Unit (BBPOU). The date of receipt of these applications was extended from November 20, 2015 to December 18, 2015 Press Release dated November 13, 2015. It was also indicated that the applications received till close of business on November 20, 2015 will be processed earlier by the Reserve Bank of India. As at the
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India had, on October 20, 2015, invited applications from banks and non-banks for authorisation/approval as Bharat Bill Payment Operating Unit (BBPOU). The date of receipt of these applications was extended from November 20, 2015 to December 18, 2015 Press Release dated November 13, 2015. It was also indicated that the applications received till close of business on November 20, 2015 will be processed earlier by the Reserve Bank of India. As at the
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಮಾರ್ಚ್ 23, 2016
                                                    
                                            
                                            
                                                
                                                    
																													Designated Trade Repository under the Payment and Settlement Systems Act, 2007
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The amendments to the Payment and Settlement Systems Act, 2007 (PSS Act) notified in May 2015 have brought the Trade Repository under the ambit of this Act. Accordingly, the Clearing Corporation of India Limited (CCIL) shall be the designated trade repository under Section 34 A (2) of the PSS Act for the OTC interest rate and foreign exchange contracts as mandated by the RBI from time to time. The provisions of the PSS Act shall apply to the designated trade repositor
                                                        
                                                        
                                                    
                                                    The amendments to the Payment and Settlement Systems Act, 2007 (PSS Act) notified in May 2015 have brought the Trade Repository under the ambit of this Act. Accordingly, the Clearing Corporation of India Limited (CCIL) shall be the designated trade repository under Section 34 A (2) of the PSS Act for the OTC interest rate and foreign exchange contracts as mandated by the RBI from time to time. The provisions of the PSS Act shall apply to the designated trade repositor
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಮಾರ್ಚ್ 08, 2016
                                                    
                                            
                                            
                                                
                                                    
																													RBI Seeks Feedback on Concept Paper on Card Acceptance Infrastructure
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India has today placed on its website the Concept Paper on Card Acceptance Infrastructure. Comments may be emailed or sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai - 400001 on or before April 15, 2016. Background The Reserve Bank’s over-arching Vision for Payment Systems in recent years has been the encouragement of electro
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India has today placed on its website the Concept Paper on Card Acceptance Infrastructure. Comments may be emailed or sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai - 400001 on or before April 15, 2016. Background The Reserve Bank’s over-arching Vision for Payment Systems in recent years has been the encouragement of electro
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಫೆಬ್ರವರಿ 25, 2016
                                                    
                                            
                                            
                                                
                                                    
																													RBI approves SWIFT India Domestic Services Private Limited (SIDSPL) for Domestic Financial Messaging Services in India
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India has granted approval to SWIFT India Domestic Services Private Limited (SIDSPL) to provide messaging services for domestic financial transactions in India. Background The decision to permit the use of SWIFT for domestic financial transactions was announced in the Monetary Policy Statement 2012-13. Currently, the messaging for inter-bank transactions in India is through Structured Financial Messaging System (SFMS). Messaging operations of SWIFT
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India has granted approval to SWIFT India Domestic Services Private Limited (SIDSPL) to provide messaging services for domestic financial transactions in India. Background The decision to permit the use of SWIFT for domestic financial transactions was announced in the Monetary Policy Statement 2012-13. Currently, the messaging for inter-bank transactions in India is through Structured Financial Messaging System (SFMS). Messaging operations of SWIFT
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಡಿಸೆಂ 22, 2015
                                                    
                                            
                                            
                                                
                                                    
																													Payments Banks and Small Finance Banks to apply for  Payment Systems Membership after getting Licence
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India has clarified that entities that have been granted in-principle approval by it for setting up Payments Banks and Small Finance Banks can apply to the Reserve Bank for membership of any centralised/decentralised payment systems, including Bharat Bill Payment System (BBPS), after receiving the licence for commencement of business under Banking Regulation Act, 1949. The clarification was required as the Reserve Bank had been receiving queries fr
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India has clarified that entities that have been granted in-principle approval by it for setting up Payments Banks and Small Finance Banks can apply to the Reserve Bank for membership of any centralised/decentralised payment systems, including Bharat Bill Payment System (BBPS), after receiving the licence for commencement of business under Banking Regulation Act, 1949. The clarification was required as the Reserve Bank had been receiving queries fr
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಡಿಸೆಂ 22, 2015
                                                    
                                            
                                            
                                                
                                                    
																													To encourage innovations, RBI institutes  “Payment System Innovation Awards”
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	In order to encourage innovators in India in the area of Payment and Settlement System, the Reserve Bank of India has announced “Payment System Innovation Awards”. Broad areas of innovation which could be considered for the awards are: Payment security including fraud prevention Customer convenience and cost reduction Mobile payments Acceptance /electronic payment infrastructure Use of emerging technologies for payments The contest would be organised by the Institute 
                                                        
                                                        
                                                    
                                                    In order to encourage innovators in India in the area of Payment and Settlement System, the Reserve Bank of India has announced “Payment System Innovation Awards”. Broad areas of innovation which could be considered for the awards are: Payment security including fraud prevention Customer convenience and cost reduction Mobile payments Acceptance /electronic payment infrastructure Use of emerging technologies for payments The contest would be organised by the Institute 
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ನವೆಂ 24, 2015
                                                    
                                            
                                            
                                                
                                                    
																													RBI grants ‘in-principle’ approval to NPCI to function  as the central unit for Bharat Bill Payment Systems (BBPS)
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India has today decided to grant ‘in principle’ approval to the National Payments Corporation of India (NPCI) to function as the Bharat Bill Payment Central Unit (BBPCU) in BBPS. The Bharat Bill Payment System (BBPS), an integrated bill payment system, will function as a tiered structure for operating the bill payment system in the country with a single brand image providing convenience of ‘anytime anywhere’ bill payment to customers. As the centra
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India has today decided to grant ‘in principle’ approval to the National Payments Corporation of India (NPCI) to function as the Bharat Bill Payment Central Unit (BBPCU) in BBPS. The Bharat Bill Payment System (BBPS), an integrated bill payment system, will function as a tiered structure for operating the bill payment system in the country with a single brand image providing convenience of ‘anytime anywhere’ bill payment to customers. As the centra
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ನವೆಂ 24, 2015
                                                    
                                            
                                            
                                                
                                                    
																													RBI grants “in-principle” approval to three applicants  for setting up Trade Receivables Discounting System (TReDS)
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	In the Union Budget for 2015-16 the Honourable Union Finance Minister had highlighted the need for and use of TReDS for improving flow of funds to MSME sector by reducing the receivables realisation cycles. TReDS will allow SMEs to post their receivables on the system and get them financed. This will not only give them greater access to finance but will also put greater discipline on corporates to pay their dues on time. In line with this, the Reserve Bank of India ha
                                                        
                                                        
                                                    
                                                    In the Union Budget for 2015-16 the Honourable Union Finance Minister had highlighted the need for and use of TReDS for improving flow of funds to MSME sector by reducing the receivables realisation cycles. TReDS will allow SMEs to post their receivables on the system and get them financed. This will not only give them greater access to finance but will also put greater discipline on corporates to pay their dues on time. In line with this, the Reserve Bank of India ha
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ನವೆಂ 13, 2015
                                                    
                                            
                                            
                                                
                                                    
																													RBI extends last date for receipt of applications for authorising Bharat Bill Payment System Operating Units (BBPOUs)
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India has extended the last date for receiving applications for authorising Bharat Bill Payment System Operating Units (BBPOUs), to December 18, 2015 from the earlier November 20, 2015. This has been done keeping in view the difficulties expressed by various entities in meeting the deadline. Applications will now be accepted till the close of business as on December 18, 2015. It may, however, be noted that the applications received till close of bu
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India has extended the last date for receiving applications for authorising Bharat Bill Payment System Operating Units (BBPOUs), to December 18, 2015 from the earlier November 20, 2015. This has been done keeping in view the difficulties expressed by various entities in meeting the deadline. Applications will now be accepted till the close of business as on December 18, 2015. It may, however, be noted that the applications received till close of bu
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಅಕ್ಟೋ 20, 2015
                                                    
                                            
                                            
                                                
                                                    
																													RBI invites Applications for authorising  Bharat Bill Payment System Operating Units (BBPOUs)
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India today invited applications for authorisation from entities currently engaged in bill payments and desirous of operating as Bharat Bill Payment System Operating Units (BBPOUs) under the Bharat Bill Payment System (BBPS). The BBPS will be an authorised payment system operated by National Payment Corporation of India (NPCI). To begin with, under BBPS the BBPOUs will function as entities facilitating collection of repetitive payments for everyday
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India today invited applications for authorisation from entities currently engaged in bill payments and desirous of operating as Bharat Bill Payment System Operating Units (BBPOUs) under the Bharat Bill Payment System (BBPS). The BBPS will be an authorised payment system operated by National Payment Corporation of India (NPCI). To begin with, under BBPS the BBPOUs will function as entities facilitating collection of repetitive payments for everyday
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಆಗ 28, 2015
                                                    
                                            
                                            
                                                
                                                    
																													Bank Holiday on Second & Fourth Saturdays from September 1; RBI to offer its Support Services to Banks on Working Saturdays
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	All scheduled and non-scheduled banks – public, private, foreign, cooperative, regional rural and local area banks – will observe public holiday on second and fourth Saturdays from September 01, 2015; and will observe full working days on Saturdays other than second and fourth Saturdays (referred to as working Saturdays in the Press Release). Consequent to this, the Reserve Bank of India has announced the following changes in its functioning with effect from September
                                                        
                                                        
                                                    
                                                    All scheduled and non-scheduled banks – public, private, foreign, cooperative, regional rural and local area banks – will observe public holiday on second and fourth Saturdays from September 01, 2015; and will observe full working days on Saturdays other than second and fourth Saturdays (referred to as working Saturdays in the Press Release). Consequent to this, the Reserve Bank of India has announced the following changes in its functioning with effect from September
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಆಗ 27, 2015
                                                    
                                            
                                            
                                                
                                                    
																													RBI doubles Limits of Cash Withdrawal at POS for Tier III to VI Centres
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India has doubled the limit for cash withdrawal at point-of-sale (POS) in Tier III to VI centres from ₹ 1000/- to ₹ 2000/- per day. This facility will be available for debit cards and open system prepaid cards issued only by banks. It is envisaged that the enhanced amount will add to customer convenience and aid re-cycling of cash in Tier III to VI centres even as the push towards a less cash society is pursued. This facility will be reviewed keepi
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India has doubled the limit for cash withdrawal at point-of-sale (POS) in Tier III to VI centres from ₹ 1000/- to ₹ 2000/- per day. This facility will be available for debit cards and open system prepaid cards issued only by banks. It is envisaged that the enhanced amount will add to customer convenience and aid re-cycling of cash in Tier III to VI centres even as the push towards a less cash society is pursued. This facility will be reviewed keepi
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಆಗ 19, 2015
                                                    
                                            
                                            
                                                
                                                    
																													RBI grants “in-principle” approval to 11 Applicants for Payments Banks
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India has today decided to grant “in-principle” approval to the following 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Banks issued on November 27, 2014 (Guidelines). Aditya Birla Nuvo Limited Airtel M Commerce Services Limited Cholamandalam Distribution Services Limited Department of Posts Fino PayTech Limited National Securities Depository Limited Reliance Industries Limited Shri Dilip Shantilal Shanghvi S
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India has today decided to grant “in-principle” approval to the following 11 applicants to set up payments banks under the Guidelines for Licensing of Payments Banks issued on November 27, 2014 (Guidelines). Aditya Birla Nuvo Limited Airtel M Commerce Services Limited Cholamandalam Distribution Services Limited Department of Posts Fino PayTech Limited National Securities Depository Limited Reliance Industries Limited Shri Dilip Shantilal Shanghvi S
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಜುಲೈ 09, 2015
                                                    
                                            
                                            
                                                
                                                    
																													RBI releases Final Guidelines on PPI for Mass Transit System (PPI-MTS)
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India (RBI) today placed on its website the final guidelines on Prepaid Payment Instruments for Mass Transit System (PPI-MTS) enabling the issuance of a separate category of semi-closed prepaid payment instruments for mass transit systems. The PPI-MTS will enhance commuter convenience and will also facilitate the migration to electronic payments in line with the country’s vision of moving to a less-cash society. The PPI-MTS can be used within the m
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India (RBI) today placed on its website the final guidelines on Prepaid Payment Instruments for Mass Transit System (PPI-MTS) enabling the issuance of a separate category of semi-closed prepaid payment instruments for mass transit systems. The PPI-MTS will enhance commuter convenience and will also facilitate the migration to electronic payments in line with the country’s vision of moving to a less-cash society. The PPI-MTS can be used within the m
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಮೇ 28, 2015
                                                    
                                            
                                            
                                                
                                                    
																													RBI proposes to introduce PPI for Mass Transit Systems; seeks Comments on Draft Instructions
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India has today placed on its website for comments and feedback the draft guidelines on Prepaid Payment Instruments (PPI) for Mass Transit System (PPI-MTS). Comments may be e-mailed or sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400 001 on or before June 15, 2015. Background The Reserve Bank of India has been receiving re
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India has today placed on its website for comments and feedback the draft guidelines on Prepaid Payment Instruments (PPI) for Mass Transit System (PPI-MTS). Comments may be e-mailed or sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400 001 on or before June 15, 2015. Background The Reserve Bank of India has been receiving re
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಮಾರ್ಚ್ 25, 2015
                                                    
                                            
                                            
                                                
                                                    
																													RBI releases Names of Applicants of Trade Receivables Discounting System (TReDS)
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India today released the names of applicants who have applied for setting up Trade Receivables Discounting System (TReDS). These are: Sr.No. Name of the entity 1. NSE Strategic Investment Corporation Limited (NSIC) and Small Industries Development Bank of India (SIDBI), Mumbai 2. Trade Receivables Exchange (Group of Banking Professionals), Mumbai 3. Axis Bank Limited, Mumbai 4. Mynd Solutions Pvt. Ltd., Gurgaon, Haryana 5. DICIC Bank of India, Kolk
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India today released the names of applicants who have applied for setting up Trade Receivables Discounting System (TReDS). These are: Sr.No. Name of the entity 1. NSE Strategic Investment Corporation Limited (NSIC) and Small Industries Development Bank of India (SIDBI), Mumbai 2. Trade Receivables Exchange (Group of Banking Professionals), Mumbai 3. Axis Bank Limited, Mumbai 4. Mynd Solutions Pvt. Ltd., Gurgaon, Haryana 5. DICIC Bank of India, Kolk
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಮಾರ್ಚ್ 13, 2015
                                                    
                                            
                                            
                                                
                                                    
																													RBI Seeks Comments on Draft Circular for Card Payments - Removal of requirement of Additional Factor of Authentication for small value card present transactions
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India has today placed on its website the Draft Circular for Card Payments - Removal of requirement of Additional Factor of Authentication for small value card present transactions, for feedback. Comments may be emailed or sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001 on or before April 04, 2015. Background The Reser
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India has today placed on its website the Draft Circular for Card Payments - Removal of requirement of Additional Factor of Authentication for small value card present transactions, for feedback. Comments may be emailed or sent by post to the Chief General Manager, Department of Payment and Settlement Systems, Reserve Bank of India, Central Office, 14th Floor, Shahid Bhagat Singh Marg, Mumbai-400001 on or before April 04, 2015. Background The Reser
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಫೆಬ್ರವರಿ 06, 2015
                                                    
                                            
                                            
                                                
                                                    
																													RBI extends Last Date for Receipt of Applications for setting up of and operating TReDS
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India has extended the last date for receiving applications for setting up of and operating the Trade Receivables Discounting System (TReDS), to March 9, 2015. The last date for this was February 13, 2015. This has been done keeping in view the difficulties expressed by various parties in meeting the deadline. Accordingly, applications will be accepted till the close of business as on March 9, 2015. Alpana Killawala Principal Chief General Manager 
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India has extended the last date for receiving applications for setting up of and operating the Trade Receivables Discounting System (TReDS), to March 9, 2015. The last date for this was February 13, 2015. This has been done keeping in view the difficulties expressed by various parties in meeting the deadline. Accordingly, applications will be accepted till the close of business as on March 9, 2015. Alpana Killawala Principal Chief General Manager 
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ಡಿಸೆಂ 03, 2014
                                                    
                                            
                                            
                                                
                                                    
																													RBI releases Guidelines for setting up of and operating TReDS
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India (RBI) today announced the guidelines for setting up and operating the Trade Receivables Discounting System (TReDS). TReDs is a scheme for setting up and operating the institutional mechanism to facilitate the financing of trade receivables of micro, small and medium enterprises (MSMEs) from corporate and other buyers, including government departments and public sector undertakings (PSUs) through multiple financiers. The guidelines outline the
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India (RBI) today announced the guidelines for setting up and operating the Trade Receivables Discounting System (TReDS). TReDs is a scheme for setting up and operating the institutional mechanism to facilitate the financing of trade receivables of micro, small and medium enterprises (MSMEs) from corporate and other buyers, including government departments and public sector undertakings (PSUs) through multiple financiers. The guidelines outline the
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        
												ನವೆಂ 28, 2014
                                                    
                                            
                                            
                                                
                                                    
																													RBI’s Final Guidelines on Bharat Bill Payment System
																											
                                                    
                                                        
															
                                                
                                                
                                            
                                            
																	The Reserve Bank of India has today released the final Guidelines for implementation of Bharat Bill Payment System (BBPS). In terms of the guidelines, the National Payments Corporation of India (NPCI) will function as the authorised Bharat Bill Payment Central Unit (BBPCU) to set the standards for BBPS processes which need to be adhered to by all operating units (Bharat Bill Payment Operating Units - BBPOUs) under the system. NPCI, as the BBPCU, will also undertake cl
                                                        
                                                        
                                                    
                                                    The Reserve Bank of India has today released the final Guidelines for implementation of Bharat Bill Payment System (BBPS). In terms of the guidelines, the National Payments Corporation of India (NPCI) will function as the authorised Bharat Bill Payment Central Unit (BBPCU) to set the standards for BBPS processes which need to be adhered to by all operating units (Bharat Bill Payment Operating Units - BBPOUs) under the system. NPCI, as the BBPCU, will also undertake cl
                                            
                                            
                                            
                                            
												
													
												
												
												
												
														
                                            
                                                 
                                            
																						                                        ಪೇಜ್ ಕೊನೆಯದಾಗಿ ಅಪ್ಡೇಟ್ ಆದ ದಿನಾಂಕ: