Notifications

Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs)

RBI/2015-16/338FIDD.MSME & NFS.BC.No.21/06.02.31/2015-16 March 17, 2016 All Scheduled Commercial Banks (Excluding RRBs) Madam / Sir, Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs) In order to provide a simpler and faster mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion and development of MSMEs, the Ministry of Micro, Small and Medium Enterprises, Government of India, vide their Gazett

RBI/2015-16/338FIDD.MSME & NFS.BC.No.21/06.02.31/2015-16 March 17, 2016 All Scheduled Commercial Banks (Excluding RRBs) Madam / Sir, Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs) In order to provide a simpler and faster mechanism to address the stress in the accounts of MSMEs and to facilitate the promotion and development of MSMEs, the Ministry of Micro, Small and Medium Enterprises, Government of India, vide their Gazett

Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs)

Pradhan Mantri Fasal Bima Yojana

RBI/2015-16/341 FIDD.No.FSD.BC.20/05.10.007/2015-16 March 17, 2016 The Chairman/Managing Director/Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Pradhan Mantri Fasal Bima Yojana As you are aware, Government of India has recently approved Pradhan Mantri Fasal Bima Yojana (PMFBY) which would replace the existing schemes of National Agricultural Insurance Scheme (NAIS) & Modified National Agricultural Insuran

RBI/2015-16/341 FIDD.No.FSD.BC.20/05.10.007/2015-16 March 17, 2016 The Chairman/Managing Director/Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Pradhan Mantri Fasal Bima Yojana As you are aware, Government of India has recently approved Pradhan Mantri Fasal Bima Yojana (PMFBY) which would replace the existing schemes of National Agricultural Insurance Scheme (NAIS) & Modified National Agricultural Insuran

Pradhan Mantri Fasal Bima Yojana

Recovery of excess payments made to pensioners

RBI/2015-16/340 DGBA.GAD.No.2960/45.01.001/2015-16 March 17, 2016 The Chairman / Chief Executive Officer All Agency Banks Dear Sir, Recovery of excess payments made to pensioners We have been receiving complaints from pensioners stating that the recovery of excess/wrong pension payments are being made in a manner that is not in keeping with the extant guidelines. In this connection, the instructions contained in circular Nos. CO.DGBA (NBS) No. 44/GA.64 (11-CVL) 90/91

RBI/2015-16/340 DGBA.GAD.No.2960/45.01.001/2015-16 March 17, 2016 The Chairman / Chief Executive Officer All Agency Banks Dear Sir, Recovery of excess payments made to pensioners We have been receiving complaints from pensioners stating that the recovery of excess/wrong pension payments are being made in a manner that is not in keeping with the extant guidelines. In this connection, the instructions contained in circular Nos. CO.DGBA (NBS) No. 44/GA.64 (11-CVL) 90/91

Recovery of excess payments made to pensioners

Alteration in the name of “The Shamrao Vithal Co-operative Bank Limited” to “SVC Co-operative Bank Ltd.” in the second schedule to the RBI Act, 1934

RBI/2015-16/334 DCBR.CO.LS.BC.No.11/07.01.000/2015-16 March 10, 2016 All Banks Dear Sir / Madam Alteration in the name of “The Shamrao Vithal Co-operative Bank Limited” to “SVC Co-operative Bank Ltd.” in the second schedule to the RBI Act, 1934 We advise that the name of “The Shamrao Vithal Co-operative Bank Limited” has been changed to “SVC Co-operative Bank Ltd.” in the Second Schedule to the Reserve Bank of India Act, 1934 vide notification DCBR.BPD.CO(PCB).No.1966

RBI/2015-16/334 DCBR.CO.LS.BC.No.11/07.01.000/2015-16 March 10, 2016 All Banks Dear Sir / Madam Alteration in the name of “The Shamrao Vithal Co-operative Bank Limited” to “SVC Co-operative Bank Ltd.” in the second schedule to the RBI Act, 1934 We advise that the name of “The Shamrao Vithal Co-operative Bank Limited” has been changed to “SVC Co-operative Bank Ltd.” in the Second Schedule to the Reserve Bank of India Act, 1934 vide notification DCBR.BPD.CO(PCB).No.1966

Alteration in the name of “The Shamrao Vithal Co-operative Bank Limited” to “SVC Co-operative Bank Ltd.” in the second schedule to the RBI Act, 1934

Review of risk weights assigned to sovereign debt

RBI/2015-16/336 DNBR (PD) CC.No.076/03.10.001/2015-16 March 10, 2016 All Non-Banking Financial Companies (excluding RNBCs) Madam/ Sir, Review of risk weights assigned to sovereign debt In terms of the extant directions, deposit accepting NBFCs, systemically important non-deposit taking NBFCs, all NBFC-MFIs and all NBFC-IFCs shall maintain a minimum capital ratio consisting of Tier I and Tier II capital which shall not be less than 15 per cent of its aggregate risk wei

RBI/2015-16/336 DNBR (PD) CC.No.076/03.10.001/2015-16 March 10, 2016 All Non-Banking Financial Companies (excluding RNBCs) Madam/ Sir, Review of risk weights assigned to sovereign debt In terms of the extant directions, deposit accepting NBFCs, systemically important non-deposit taking NBFCs, all NBFC-MFIs and all NBFC-IFCs shall maintain a minimum capital ratio consisting of Tier I and Tier II capital which shall not be less than 15 per cent of its aggregate risk wei

Review of risk weights assigned to sovereign debt

Sovereign Gold Bonds- 2016 Series-II

RBI/2015-16/333IDMD.CDD.No.2020/14.04.050/2015-16 March 04, 2016 The Chairman & Managing DirectorAll Scheduled Commercial Banks,(Excluding RRBs)Stock Holding Corporation of India Ltd.( SHCIL) Dear Sir/Madam, Sovereign Gold Bonds- 2016 Series-II Government of India has vide its Notification F.No. 4(19)-W&M/2014 dated March 04, 2016 announced that the Sovereign Gold Bonds, 2016 (“the Bonds”) will be open for subscription from March 8, 2016 to March 14, 2016. The

RBI/2015-16/333IDMD.CDD.No.2020/14.04.050/2015-16 March 04, 2016 The Chairman & Managing DirectorAll Scheduled Commercial Banks,(Excluding RRBs)Stock Holding Corporation of India Ltd.( SHCIL) Dear Sir/Madam, Sovereign Gold Bonds- 2016 Series-II Government of India has vide its Notification F.No. 4(19)-W&M/2014 dated March 04, 2016 announced that the Sovereign Gold Bonds, 2016 (“the Bonds”) will be open for subscription from March 8, 2016 to March 14, 2016. The

Sovereign Gold Bonds- 2016 Series-II

Grant of EDF Waiver for Export of Goods Free of Cost

RBI/2015-16/332 A.P. (DIR Series) Circular No.53 March 03, 2016 To All Category - I Authorised Dealer Banks Madam / Sir, Grant of EDF Waiver for Export of Goods Free of Cost Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No. 94 dated April 26, 2003 in terms of which GR waiver to exporters for export of goods free of cost had been enabled. The facility had been extended to the Status Holders vide para 2.52.1 of Handbook of Procedures- Vol-I of

RBI/2015-16/332 A.P. (DIR Series) Circular No.53 March 03, 2016 To All Category - I Authorised Dealer Banks Madam / Sir, Grant of EDF Waiver for Export of Goods Free of Cost Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No. 94 dated April 26, 2003 in terms of which GR waiver to exporters for export of goods free of cost had been enabled. The facility had been extended to the Status Holders vide para 2.52.1 of Handbook of Procedures- Vol-I of

Grant of EDF Waiver for Export of Goods Free of Cost

Inclusion of “National Bank of Abu Dhabi PJSC” in the Second Schedule to the Reserve Bank of India Act, 1934

RBI/2015-16/328 DBR.No.Ret.BC.79/12.07.138A/2015-16 February 25, 2016 All Scheduled Commercial Banks Dear Sir, Inclusion of “National Bank of Abu Dhabi PJSC” in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “National Bank of Abu Dhabi PJSC” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.IBD. No.5196/23.03.030/2015-16 dated October 26, 2015, and published in the Gazette of India (Par

RBI/2015-16/328 DBR.No.Ret.BC.79/12.07.138A/2015-16 February 25, 2016 All Scheduled Commercial Banks Dear Sir, Inclusion of “National Bank of Abu Dhabi PJSC” in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “National Bank of Abu Dhabi PJSC” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.IBD. No.5196/23.03.030/2015-16 dated October 26, 2015, and published in the Gazette of India (Par

Inclusion of “National Bank of Abu Dhabi PJSC” in the Second Schedule to the Reserve Bank of India Act, 1934

Alteration in the name of “Bank Internasional Indonesia” to “PT Bank Maybank Indonesia TBK” in the Second Schedule to the RBI Act, 1934

RBI/2015-16/329 DBR.No.Ret.BC.80/12.07.104A/2015-16 February 25, 2016 All Scheduled Commercial Banks Dear Sir, Alteration in the name of “Bank Internasional Indonesia” to “PT Bank Maybank Indonesia TBK” in the Second Schedule to the RBI Act, 1934 We advise that the name of “Bank Internasional Indonesia” has been changed to “PT Bank Maybank Indonesia TBK” in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.IBD. No.7721/ 23.13.047/201-16

RBI/2015-16/329 DBR.No.Ret.BC.80/12.07.104A/2015-16 February 25, 2016 All Scheduled Commercial Banks Dear Sir, Alteration in the name of “Bank Internasional Indonesia” to “PT Bank Maybank Indonesia TBK” in the Second Schedule to the RBI Act, 1934 We advise that the name of “Bank Internasional Indonesia” has been changed to “PT Bank Maybank Indonesia TBK” in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.IBD. No.7721/ 23.13.047/201-16

Alteration in the name of “Bank Internasional Indonesia” to “PT Bank Maybank Indonesia TBK” in the Second Schedule to the RBI Act, 1934

Frauds - Future approach towards monitoring of frauds in NBFCs

RBI/2015-16/327 DNBR (PD) CC.No.075/03.10.001/2015-16 February 18, 2016 All Deposit taking NBFCs (including RNBCs) and NBFCs- ND-SI Madam/ Sir, Frauds - Future approach towards monitoring of frauds in NBFCs Please refer to circulars DNBS.PD.CC.No.127/ 03.10.42/2008-09 dated August 14, 2008, DNBS.PD.CC.No.256/03.10.042/2011-12 dated March 02, 2012 and DNBS.PD.CC.No.314/03.10.042/2012-13 dated December 13, 2012 on the captioned subject. It has been decided to revise the

RBI/2015-16/327 DNBR (PD) CC.No.075/03.10.001/2015-16 February 18, 2016 All Deposit taking NBFCs (including RNBCs) and NBFCs- ND-SI Madam/ Sir, Frauds - Future approach towards monitoring of frauds in NBFCs Please refer to circulars DNBS.PD.CC.No.127/ 03.10.42/2008-09 dated August 14, 2008, DNBS.PD.CC.No.256/03.10.042/2011-12 dated March 02, 2012 and DNBS.PD.CC.No.314/03.10.042/2012-13 dated December 13, 2012 on the captioned subject. It has been decided to revise the

Frauds - Future approach towards monitoring of frauds in NBFCs