Notifications

RBI/2019-20/170 DOR (NBFC).CC.PD.No.109/22.10.106/2019-20 March 13, 2020 To Non-Banking Financial Companies and Asset Reconstruction Companies implementing Indian Accounting Standards Madam / Sir, Implementation of Indian Accounting Standards Non-Banking Financial Companies (NBFCs) covered by Rule 4 of the Companies (Indian Accounting Standards) Rules, 2015 are required to comply with Indian Accounting Standards (Ind AS) for the preparation of their financial statemen

RBI/2019-20/167 DOR.DIR.BC.No.39/13.03.00/2019-20 February 26, 2020 All Scheduled Commercial Banks (excluding RRBs)All Small Finance BanksAll Local Area Banks Madam / Dear Sir, External Benchmark Based Lending – Medium Enterprises Please refer to the circular DBR.DIR.BC.No.14/13.03.00/2019-20 dated September 04, 2019, in terms of which all new floating rate personal or retail loans (housing, auto, etc.) and floating rate loans to Micro and Small Enterprises (MSEs) ext

RBI/2019-20/160 DOR.No.BP.BC.34/21.04.048/2019-20 February 11, 2020 All banks and NBFCs regulated by the Reserve Bank of India Dear Sir/ Madam, Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances Please refer to the circular DBR.No.BP.BC.18/21.04.048/2018-19 dated January 1, 2019. It has been decided to extend the one-time restructuring of MSME advances permitted in terms of the aforesaid circular. Accordingly, a one-time restructuring of exi

RBI/2019-20/156 DOR.RRB.BL.BC.No.31/31.01.001/2019-20 February 06, 2020 The Chairmen All Regional Rural Banks Madam/ Sir, Guidelines on Merchant Acquiring Business – Regional Rural Banks As announced in para II (7) of the Statement on Developmental and Regulatory Policies issued along with Sixth Bi-monthly Monetary Policy Statement 2019-20, it has been decided to allow RRBs to act as merchant acquiring banks using Aadhaar Pay – BHIM app and POS terminals. In this conn

RBI/2019-20/131 DOR.NBFC (PD) CC.No.107/03.10.001/2019-20 December 31, 2019 All NBFCs Madam/Sir, Extension of relaxation on the guidelines to NBFCs on securitisation transactions Please refer to the circular DNBR (PD)CC.No.95/03.10.001/2018-19 dated November 29, 2018 on “Relaxation on the guidelines to NBFCs on securitisation transactions” and the circular DNBR (PD)CC.No.100/03.10.001/2018-19 dated May 29, 2019 extending the dispensation till December 31, 2019. 2. On

RBI/2019-20/125 DOR (PCB).BPD.Cir.No.7/13.05.000/2019-20 December 27, 2019 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Reporting of Large Exposures to Central Repository of Information on Large Credits (CRILC) - UCBs Please refer to paragraph 2 of the Statement on Developmental and Regulatory Policies dated December 5, 2019 on ‘Primary (Urban) Co-operative Banks - Reporting to Central Repository of Information on Large Credits

RBI/2019-20/121DOR.NBFC(PD) CC.No.106/03.10.124/2019-20 December 23, 2019 All Non-Banking Financial Company – Peer to Peer Lending Platforms Madam/Sir, Review of Master Directions - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 Please refer to paragraphs 7 and 9 of Master Directions - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017, dated October 04, 2017. 2. On a review, it

RBI/2019-20/113 DGBA.GBD.No.1141/42.01.034/2019-20 December 12, 2019 To All Agency Banks Dear Sir/ Madam RBI Master Circular on Collection of Direct Tax – OLTAS Please refer to our Circular DGBA.GAD.No.458/42.01.034/2016-17 dated August 25, 2016 and DGBA.GAD.No.910/42.01.034/2016-17 dated October 14, 2016, on Collection of Direct Taxes, wherein it was clarified that only the Master Circular on OLTAS which consolidates instructions on the subject issued by Reserve Bank

RBI/2019-20/98 DOR NBFC (PD) CC.No.105/03.10.136/2019-20 November 11, 2019 To All Housing Finance Companies Madam/Sir, Withdrawal of exemptions granted to Housing Finance Institutions Please refer to Para 1 of our Master Direction – Exemptions from the provisions of RBI Act, 1934. 2.@@NBSP@@ Housing Finance Institutions as defined under Clause (d) of Section 2 of the National Housing Bank Act, 1987 are currently exempt from the provisions of Chapter IIIB of Reserve Ba