RBI/2023-24/42 DOR.CRE.REC.18/07.10.002/2023-24 June 8, 2023 Primary (Urban) Co-operative Banks other than Salary Earners’ Banks Madam / Dear Sir, Priority Sector Lending (PSL) targets / sub-targets and contribution against shortfall in achievement of PSL targets – Primary (Urban) Co-operative Banks (UCBs) - Extension of time Please refer to para 3 of the circular DOR (PCB).BPD.Cir No.10/13.05.000/2019-201 dated March 13, 2020, and para 5 of Master Direction on Priori

RBI/2023-24/41 DOR.CRE.REC.21/21.07.001/2023-24 June 08, 2023 All Commercial Banks (including Small Finance Banks), Primary (Urban) Co-operative Banks, State Co-operative Banks, Central Co-operative Banks; and Non-Banking Financial Companies (including Housing Finance Companies) Madam/ Dear Sir, Guidelines on Default Loss Guarantee (DLG) in Digital Lending A reference is invited to Para (3.4.3.1) of Section C of Annex-II to the RBI Press Release “Recommendations of th

RBI/2023-24/40 DOR.STR.REC.20/21.04.048/2023-24 June 08, 2023 Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) Primary (Urban) Co-operative Banks/State Co-operative Banks/ Central Co-operative Banks All-India Financial Institutions Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Framework for Compromise Settlements and Technical Write-offs The Reserve Bank of India has issued various inst

RBI/2023-24/39 DOR.REG.No.19/07.01.000/2023-24 June 08, 2023 Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks (except Salary Earners’ Banks) Madam / Dear Sir Rationalization of Branch Authorisation Policy for Urban Co-operative Banks (UCBs) A reference is made to the circular on the revised criteria for classifying a UCB as Financially Sound and Well Managed (FSWM) issued by RBI vide circular DOR.REG.No.85/07.01.000/2022-23 dated Dece

RBI/2023-24/38 FMRD.DIRD.02/14.01.001/2023-24 June 08, 2023 To All Eligible Market Participants Madam / Sir Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021-Review Please refer to Paragraph 1 of the Statement on Developmental and Regulatory Policies, announced as a part of the Bi-monthly Monetary Policy Statement for 2023-24 dated June 08, 2023, regarding Borrowing in Call and Notice Money Markets by Scheduled Commercial Banks. Attention is

RBI/2023-24/37 CO.DPSS.POLC.No.S-258/02-01-010/2023-24 June 7, 2023 The Trade Receivables Discounting System Platform Operators and Participants / National Payments Corporation of India (NPCI) Madam / Dear Sir, Expanding the Scope of Trade Receivables Discounting System To ease constraints faced by Micro, Small and Medium Enterprises (MSMEs) in converting their trade receivables to liquid funds, the Reserve Bank of India (RBI) had issued the ‘Guidelines for the Trade

RBI/2023-24/36 A. P. (DIR Series) Circular No. 05 June 06, 2023 All Authorised Dealer Category – I Banks Madam / Sir, Risk Management and Inter-Bank Dealings - Non-deliverable derivative contracts (NDDCs) Please refer to Paragraph 1 of the Statement on Developmental and Regulatory Policies announced as a part of the first Bi-monthly Monetary Policy Statement for 2023-24 dated April 06, 2023 regarding development of the onshore non-deliverable derivative market. Attent

RBI/2023-24/35 DOR.AML.REC.17/14.06.001/2023-24 June 06, 2023 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: Removal of 02 entries from Sanction List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 04, 2023 (MD on KYC), in terms of which “Regulated Entities (REs) s

RBI/2023-24/34 DOR.AML.REC.16/14.06.001/2023-24 June 05, 2023 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: Amendments in 01 Entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 04, 2023 (MD on KYC), in terms of which “Regulated Entities (REs) shall ensure that i

RBI/2023-24/33 DCM(Plg) No.S-239/10.27.00/2023-24 May 22, 2023 The Chairman / Managing Director/ Chief Executive Officer All Banks Dear Sir /Madam, ₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender In continuation to our circular DCM(Plg) No.S-236/10.27.00/2023-24 dated May 19, 2023 on the captioned subject, it is advised as follows: 2. The facility of exchange of ₹2000 banknotes across the counter shall be provided to the publi