Notifications - ଆରବିଆଇ - Reserve Bank of India
Notifications
ମାର୍ଚ୍ଚ 29, 2023
Special Clearing Operations on March 31, 2023
RBI/2022-23/190 CO.DPSS.RPPD.No.S2185/03-01-002/2022-2023 March 29, 2023 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Local Area Banks / Payment Banks / Small Finance Banks / National Payments Corporation of India Madam / Dear Sir, Special Clearing Operations on March 31, 2023 A reference is invited
RBI/2022-23/190 CO.DPSS.RPPD.No.S2185/03-01-002/2022-2023 March 29, 2023 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Local Area Banks / Payment Banks / Small Finance Banks / National Payments Corporation of India Madam / Dear Sir, Special Clearing Operations on March 31, 2023 A reference is invited
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ମାର୍ଚ୍ଚ 29, 2023
Revised Regulatory Framework for Urban Co-operative Banks (UCBs) - Net Worth and Capital Adequacy
RBI/2022-23/189 DOR.CAP.REC. No.109/09.18.201/2022-23 March 28, 2023 Dear Sir/ Madam, Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy Please refer to para 7 of the circular DOR.CAP.REC.No.86/09.18.201/2022-23 dated December 01, 2022 on ‘Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy. 2. It has been decided that the instructions shall come into effect from March 31, 202
RBI/2022-23/189 DOR.CAP.REC. No.109/09.18.201/2022-23 March 28, 2023 Dear Sir/ Madam, Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy Please refer to para 7 of the circular DOR.CAP.REC.No.86/09.18.201/2022-23 dated December 01, 2022 on ‘Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy. 2. It has been decided that the instructions shall come into effect from March 31, 202
ମାର୍ଚ୍ଚ 27, 2023
Exclusion of “Abu Dhabi Commercial Bank PJSC” from the Second Schedule to the Reserve Bank of India Act, 1934
RBI/2022-23/187 DOR.RET.REC.107/12.07.160/2022-23 March 27, 2023 All Banks Madam/Sir, Exclusion of “Abu Dhabi Commercial Bank PJSC” from the Second Schedule to the Reserve Bank of India Act, 1934 It is advised that the “Abu Dhabi Commercial Bank PJSC” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No. S7540/23.13.021/2022-23 dated February 23, 2023, which is published in the Gazette of India (Part III - Sect
RBI/2022-23/187 DOR.RET.REC.107/12.07.160/2022-23 March 27, 2023 All Banks Madam/Sir, Exclusion of “Abu Dhabi Commercial Bank PJSC” from the Second Schedule to the Reserve Bank of India Act, 1934 It is advised that the “Abu Dhabi Commercial Bank PJSC” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No. S7540/23.13.021/2022-23 dated February 23, 2023, which is published in the Gazette of India (Part III - Sect
ମାର୍ଚ୍ଚ 27, 2023
Cessation of “Abu Dhabi Commercial Bank PJSC” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949
RBI/2022-23/188 DOR.RET.REC.108/12.07.160/2022-23 March 27, 2023 All Banks Madam/Sir, Cessation of “Abu Dhabi Commercial Bank PJSC” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 It is advised that the “Abu Dhabi Commercial Bank PJSC” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 vide Notification DoR.LIC.No.S7539/23.13.021/2022-23 dated February 23, 2023, which is
RBI/2022-23/188 DOR.RET.REC.108/12.07.160/2022-23 March 27, 2023 All Banks Madam/Sir, Cessation of “Abu Dhabi Commercial Bank PJSC” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 It is advised that the “Abu Dhabi Commercial Bank PJSC” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 vide Notification DoR.LIC.No.S7539/23.13.021/2022-23 dated February 23, 2023, which is
ମାର୍ଚ୍ଚ 21, 2023
Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2022-23)
RBI/2022-23/186 CO.DGBA.GBD.No.S1490/42-01-029/2022-2023 March 21, 2023 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2022-23) All government transactions done by agency banks for the Financial Year 2022-23 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Gover
RBI/2022-23/186 CO.DGBA.GBD.No.S1490/42-01-029/2022-2023 March 21, 2023 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2022-23) All government transactions done by agency banks for the Financial Year 2022-23 must be accounted for within the same financial year. Accordingly, the following arrangements are put in place to report and account for Gover
ମାର୍ଚ୍ଚ 17, 2023
Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments to 102 entries
RBI/2022-23/185 DOR.AML.REC.106/14.06.001/2022-23 March 17, 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 to 102 entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021 (MD on KYC), in terms of which “Regulated Entities (REs) shall ensure
RBI/2022-23/185 DOR.AML.REC.106/14.06.001/2022-23 March 17, 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 to 102 entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021 (MD on KYC), in terms of which “Regulated Entities (REs) shall ensure
ମାର୍ଚ୍ଚ 16, 2023
Reporting and Accounting of Central Government transactions for March 2023
RBI/2022-23/184 DGBA.GBD.No.S1469/42-01-029/2022-2023 March 16, 2023 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions for March 2023 Please refer to Circular DGBA.GBD.No.S1422/42-01-029/2021-2022 dated February 24, 2022 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal
RBI/2022-23/184 DGBA.GBD.No.S1469/42-01-029/2022-2023 March 16, 2023 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions for March 2023 Please refer to Circular DGBA.GBD.No.S1422/42-01-029/2021-2022 dated February 24, 2022 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil Ministries) at the Receiving/Nodal/Focal
ଫେବୃଆରୀ 28, 2023
Designation of 1 individual and 2 organisations under Section 35(1) (a) and 2(1) (m) of the Unlawful Activities (Prevention) Act,1967 and their listing in the Fourth and First Schedule of the Act- Reg.
RBI/2022-23/183 DOR.AML.REC.105/14.06.001/2022-23 February 28, 2023 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Designation of 1 individual and 2 organisations under Section 35(1) (a) and 2(1) (m) of the Unlawful Activities (Prevention) Act, 1967 and their listing in the Fourth and First Schedule of the Act- Reg. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The proced
RBI/2022-23/183 DOR.AML.REC.105/14.06.001/2022-23 February 28, 2023 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Designation of 1 individual and 2 organisations under Section 35(1) (a) and 2(1) (m) of the Unlawful Activities (Prevention) Act, 1967 and their listing in the Fourth and First Schedule of the Act- Reg. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The proced
ଫେବୃଆରୀ 20, 2023
Implementation of Indian Accounting Standards (Ind AS)
RBI/2022-23/182 DOR.ACC.REC.No.104/21.07.001/2022-23 February 20, 2023 Dear Sir/ Madam, Implementation of Indian Accounting Standards (Ind AS) Please refer to circular DOR (NBFC).CC.PD.No.109/22.10.106/2019-20 dated March 13, 2020 on the captioned subject read with paragraph 13 (iii) of Master Circular DOR.SIG.FIN.REC 1/26.03.001/2022-23 dated April 1, 2022 on Asset Reconstruction Companies. 2. It has been observed that consequent to the implementation of Ind AS, some
RBI/2022-23/182 DOR.ACC.REC.No.104/21.07.001/2022-23 February 20, 2023 Dear Sir/ Madam, Implementation of Indian Accounting Standards (Ind AS) Please refer to circular DOR (NBFC).CC.PD.No.109/22.10.106/2019-20 dated March 13, 2020 on the captioned subject read with paragraph 13 (iii) of Master Circular DOR.SIG.FIN.REC 1/26.03.001/2022-23 dated April 1, 2022 on Asset Reconstruction Companies. 2. It has been observed that consequent to the implementation of Ind AS, some
ଫେବୃଆରୀ 20, 2023
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosures for State Co-operative Banks and Central Co-operative Banks
RBI/2022-23/181 DOR.ACC.REC.No.103/21.04.018/2022-23 February 20, 2023 Madam / Dear Sir, Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 – Disclosures for State Co-operative Banks and Central Co-operative Banks The Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021 (‘Master Direction’) are applicable to Commercial Banks and Primary Urban Co-operative Banks (UCBs). They harmonize the r
RBI/2022-23/181 DOR.ACC.REC.No.103/21.04.018/2022-23 February 20, 2023 Madam / Dear Sir, Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 – Disclosures for State Co-operative Banks and Central Co-operative Banks The Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021 (‘Master Direction’) are applicable to Commercial Banks and Primary Urban Co-operative Banks (UCBs). They harmonize the r
ଫେବୃଆରୀ 17, 2023
Governance, measurement and management of Interest Rate Risk in Banking Book
RBI/2022-23/180 DOR.MRG.REC.102/00-00-009/2022-23 February 17, 2023 Madam / Sir, Governance, measurement and management of Interest Rate Risk in Banking Book Interest Rate Risk in Banking Book (IRRBB) refers to the current or prospective risk to banks’ capital and earnings arising from adverse movements in interest rates that affect its banking book positions. Excessive IRRBB can pose a significant risk to banks’ current capital base and/or future earnings. These guid
RBI/2022-23/180 DOR.MRG.REC.102/00-00-009/2022-23 February 17, 2023 Madam / Sir, Governance, measurement and management of Interest Rate Risk in Banking Book Interest Rate Risk in Banking Book (IRRBB) refers to the current or prospective risk to banks’ capital and earnings arising from adverse movements in interest rates that affect its banking book positions. Excessive IRRBB can pose a significant risk to banks’ current capital base and/or future earnings. These guid
ଫେବୃଆରୀ 16, 2023
Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems
RBI/2022-23/178 CO.DPSS.RPPD.No.S1931/04-03-001/2022-23 February 16, 2023 The Chairman / Managing Director / Chief Executive Officer of member banks participating in NEFT and RTGS Systems Madam / Dear Sir, Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems Under the FCRA, 2010 (amended as on September 28, 2020), foreign contributions must be received only in the “FCRA account” of State Bank of India (SBI), Ne
RBI/2022-23/178 CO.DPSS.RPPD.No.S1931/04-03-001/2022-23 February 16, 2023 The Chairman / Managing Director / Chief Executive Officer of member banks participating in NEFT and RTGS Systems Madam / Dear Sir, Introduction of Foreign Contribution (Regulation) Act (FCRA) related transaction code in NEFT and RTGS Systems Under the FCRA, 2010 (amended as on September 28, 2020), foreign contributions must be received only in the “FCRA account” of State Bank of India (SBI), Ne
ଫେବୃଆରୀ 16, 2023
Exim Bank’s GOI-supported Line of Credit (LOC) for USD 100 million to the Government of the Republic of Maldives (GO-MDV), for financing new developmental projects and to meet spill over costs from developmental projects in Maldives already included under Lines of credit extended to GO-MDV by Exim Bank
RBI/2022-2023/179 A.P. (DIR Series) Circular No. 23 February 16, 2023 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s GOI-supported Line of Credit (LOC) for USD 100 million to the Government of the Republic of Maldives (GO-MDV), for financing new developmental projects and to meet spill over costs from developmental projects in Maldives already included under Lines of credit extended to GO-MDV by Exim Bank Export-Import Bank of India (Exim Bank) has ent
RBI/2022-2023/179 A.P. (DIR Series) Circular No. 23 February 16, 2023 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s GOI-supported Line of Credit (LOC) for USD 100 million to the Government of the Republic of Maldives (GO-MDV), for financing new developmental projects and to meet spill over costs from developmental projects in Maldives already included under Lines of credit extended to GO-MDV by Exim Bank Export-Import Bank of India (Exim Bank) has ent
ଫେବୃଆରୀ 13, 2023
Formation of new district in the State of Sikkim - Assignment of Lead Bank Responsibility
RBI/2022-23/177 FIDD.CO.LBS.BC.No.18/02.08.001/2022-23 February 13, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Sikkim – Assignment of Lead Bank Responsibility The Government of Sikkim, vide Gazette Notification No.50/LR&DMD/ACQ/GOS dated December 20, 2021, had notified formation of a new district in the state of Sikkim. It has been decided to assign the lead ba
RBI/2022-23/177 FIDD.CO.LBS.BC.No.18/02.08.001/2022-23 February 13, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Sikkim – Assignment of Lead Bank Responsibility The Government of Sikkim, vide Gazette Notification No.50/LR&DMD/ACQ/GOS dated December 20, 2021, had notified formation of a new district in the state of Sikkim. It has been decided to assign the lead ba
ଫେବୃଆରୀ 10, 2023
Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India
RBI/2022-23/176 CO.DPSS.POLC.No.S–1907/02.14.006/2022-23 February 10, 2023 All Prepaid Payment Instrument (PPI) Issuers (Banks and Non-banks) and National Payments Corporation of India (NPCI) Madam / Dear Sir, Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India As announced in the Statement on Developmental and Regulatory Policies dated February 08, 2023, it has been decided to allow access to Unified Payments Interface (UPI) to foreign
RBI/2022-23/176 CO.DPSS.POLC.No.S–1907/02.14.006/2022-23 February 10, 2023 All Prepaid Payment Instrument (PPI) Issuers (Banks and Non-banks) and National Payments Corporation of India (NPCI) Madam / Dear Sir, Issuance of PPIs to Foreign Nationals / Non-Resident Indians (NRIs) visiting India As announced in the Statement on Developmental and Regulatory Policies dated February 08, 2023, it has been decided to allow access to Unified Payments Interface (UPI) to foreign
ଫେବୃଆରୀ 08, 2023
Standing Liquidity Facility for Primary Dealers
RBI/2022-23/173 REF.No.MPD.BC.397/07.01.279/2022-23 February 08, 2023 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.50 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided
RBI/2022-23/173 REF.No.MPD.BC.397/07.01.279/2022-23 February 08, 2023 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.50 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided
ଫେବୃଆରୀ 08, 2023
Liquidity Adjustment Facility - Change in rates
RBI/2022-23/175 FMOD.MAOG.No.149/01.01.001/2022-23 February 08, 2023 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility - Change in rates As announced in the@@NBSP@@Monetary Policy Statement dated February 08, 2023, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to@@NBSP@@6.50 per cent@@NBSP@@with i
RBI/2022-23/175 FMOD.MAOG.No.149/01.01.001/2022-23 February 08, 2023 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility - Change in rates As announced in the@@NBSP@@Monetary Policy Statement dated February 08, 2023, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to@@NBSP@@6.50 per cent@@NBSP@@with i
ଫେବୃଆରୀ 08, 2023
Change in Bank Rate
RBI/2022-23/174 DOR.RET.REC.101/12.01.001/2022-23 February 08, 2023 Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.88/12.01.001/2022-23 dated December 07, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated February 08, 2023, the Bank Rate is revised upwards by 25 basis points from 6.50 per cent to 6.75 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, wh
RBI/2022-23/174 DOR.RET.REC.101/12.01.001/2022-23 February 08, 2023 Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.88/12.01.001/2022-23 dated December 07, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated February 08, 2023, the Bank Rate is revised upwards by 25 basis points from 6.50 per cent to 6.75 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, wh
ଫେବୃଆରୀ 03, 2023
Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List (Amendments to 29 entries)
RBI/2022-2023/172 DOR.AML.REC.100/14.06.001/2022-23 February 03, 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 to 29 entries) Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021 (MD on KYC), in terms of which “Regulated Entities (REs) shall ens
RBI/2022-2023/172 DOR.AML.REC.100/14.06.001/2022-23 February 03, 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 to 29 entries) Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021 (MD on KYC), in terms of which “Regulated Entities (REs) shall ens
ଜାନୁଆରୀ 30, 2023
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Addition of 1 entry
RBI/2022-23/171 DOR.AML.REC.99/14.06.001/2022-23 January 30, 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: Addition of 1 entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10 , 2021, in terms of which “Regulated Entities (REs) shall ensure that in terms of
RBI/2022-23/171 DOR.AML.REC.99/14.06.001/2022-23 January 30, 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: Addition of 1 entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10 , 2021, in terms of which “Regulated Entities (REs) shall ensure that in terms of
ଜାନୁଆରୀ 24, 2023
Designation of 3 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act-Reg.
RBI/2022-23/170 DOR.AML.REC.98/14.06.001/2022-23 January 24, 2023 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, Designation of 3 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act-Reg. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The procedure laid down in the UAPA
RBI/2022-23/170 DOR.AML.REC.98/14.06.001/2022-23 January 24, 2023 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, Designation of 3 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act-Reg. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The procedure laid down in the UAPA
ଜାନୁଆରୀ 23, 2023
‘Fully Accessible Route’ for Investment by Non-residents in Government Securities - Inclusion of Sovereign Green Bonds
RBI/2022-23/169 FMRD.FMID.No.07/14.01.006/2022-23 January 23, 2023 To All participants in Government Securities market Madam/Sir, ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds A reference is invited to the Press Release on Issuance Calendar for Marketable Sovereign Green Bonds: FY 2022-23 dated January 06, 2023, issued by the Reserve Bank, notifying the issuance calendar for Sovereign Green Bonds
RBI/2022-23/169 FMRD.FMID.No.07/14.01.006/2022-23 January 23, 2023 To All participants in Government Securities market Madam/Sir, ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds A reference is invited to the Press Release on Issuance Calendar for Marketable Sovereign Green Bonds: FY 2022-23 dated January 06, 2023, issued by the Reserve Bank, notifying the issuance calendar for Sovereign Green Bonds
ଜାନୁଆରୀ 23, 2023
Safe Deposit Locker/Safe Custody Article Facility provided by banks
RBI/2022-23/168 CO.CEPD.PRS.No.S1233/13-01-018/2022-2023 January 23, 2023 All Commercial Banks (including RRBs, Small Finance Banks, Payment Banks and Local Area Banks) All Co-operative Banks Safe Deposit Locker/Safe Custody Article Facility provided by banks Please refer to the RBI circular DOR.LEG.REC/40/09.07.005/2021-22 dated August 18, 2021 on the captioned subject. 2. In terms of paragraph 2.1.1 of the said circular, banks were required to renew their locker agr
RBI/2022-23/168 CO.CEPD.PRS.No.S1233/13-01-018/2022-2023 January 23, 2023 All Commercial Banks (including RRBs, Small Finance Banks, Payment Banks and Local Area Banks) All Co-operative Banks Safe Deposit Locker/Safe Custody Article Facility provided by banks Please refer to the RBI circular DOR.LEG.REC/40/09.07.005/2021-22 dated August 18, 2021 on the captioned subject. 2. In terms of paragraph 2.1.1 of the said circular, banks were required to renew their locker agr
ଜାନୁଆରୀ 17, 2023
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Addition of 1 entry
RBI/2022-23/167 DOR.AML.REC.97/14.06.001/2022-23 January 17, 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: Addition of 1 entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10 , 2021, in terms of which “Regulated Entities (REs) shall ensure that in terms of
RBI/2022-23/167 DOR.AML.REC.97/14.06.001/2022-23 January 17, 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: Addition of 1 entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10 , 2021, in terms of which “Regulated Entities (REs) shall ensure that in terms of
ଜାନୁଆରୀ 17, 2023
Designation of two individuals and one organisation under Section 35(1) (a) and 2(1) (m) of the Unlawful Activities (Prevention) Act,1967 and their listing in the First and Fourth Schedule of the Act
RBI/2022-23/166 DOR. AML.REC.96/14.06.001/2022-23 January 17, 2023 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Designation of two individuals and one organisation under Section 35(1) (a) and 2(1) (m) of the Unlawful Activities (Prevention) Act,1967 and their listing in the First and Fourth Schedule of the Act. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The procedure
RBI/2022-23/166 DOR. AML.REC.96/14.06.001/2022-23 January 17, 2023 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Designation of two individuals and one organisation under Section 35(1) (a) and 2(1) (m) of the Unlawful Activities (Prevention) Act,1967 and their listing in the First and Fourth Schedule of the Act. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The procedure
ଜାନୁଆରୀ 16, 2023
Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies
The contents of these Guidelines shall be read along with Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023, and applicable provisions of the Banking Regulation Act, 1949. Prior approval for acquisition of shares or voting rights in a banking company 2. In terms of sub-section (1) of Section 12B of Banking Regulation Act, 1949, every person, who intends to acquire shares or voting rights and intends to be
The contents of these Guidelines shall be read along with Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023, and applicable provisions of the Banking Regulation Act, 1949. Prior approval for acquisition of shares or voting rights in a banking company 2. In terms of sub-section (1) of Section 12B of Banking Regulation Act, 1949, every person, who intends to acquire shares or voting rights and intends to be
ଜାନୁଆରୀ 13, 2023
Formation of new district in the State of Sikkim - Assignment of Lead Bank Responsibility
RBI/2022-23/165 FIDD.CO.LBS.BC.No.17/02.08.001/2022-23 January 13, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir,Formation of new district in the State of Sikkim – Assignment of Lead Bank Responsibility The Government of Sikkim vide Gazette Notification No.50/LR&DMD/ACQ/GOS dated December 20, 2021 had notified formation of a new district in the state of Sikkim. It has been decided to assign the lead bank r
RBI/2022-23/165 FIDD.CO.LBS.BC.No.17/02.08.001/2022-23 January 13, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir,Formation of new district in the State of Sikkim – Assignment of Lead Bank Responsibility The Government of Sikkim vide Gazette Notification No.50/LR&DMD/ACQ/GOS dated December 20, 2021 had notified formation of a new district in the state of Sikkim. It has been decided to assign the lead bank r
ଜାନୁଆରୀ 13, 2023
Formation of new district in the State of Arunachal Pradesh - Assignment of Lead Bank Responsibility
RBI/2022-23/164 FIDD.CO.LBS.BC.No.16/02.08.001/2022-23 January 13, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility The Government of Arunachal Pradesh vide Gazette Notification No.Law/Legn-15/2022 dated May 6, 2022 has notified formation of a new district in the state of Arunachal Pradesh. It has been decided to
RBI/2022-23/164 FIDD.CO.LBS.BC.No.16/02.08.001/2022-23 January 13, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility The Government of Arunachal Pradesh vide Gazette Notification No.Law/Legn-15/2022 dated May 6, 2022 has notified formation of a new district in the state of Arunachal Pradesh. It has been decided to
ଜାନୁଆରୀ 11, 2023
Operational Risk Management: Price / Yield range setting in e-Kuber
RBI/2022-23/163 IDMD.No.S2800/08.02.032/2022-23 January 11, 2023 All participants in the Government Securities Market Dear Sir / Madam Operational Risk Management: Price / Yield range setting in e-Kuber Please refer to our circular IDMD/1615/08.02.032/2019-20 dated December 12, 2019 advising the participants in the Government Securities (G-Sec) market about the “Price / Yield range setting” facility provided on the e-Kuber platform as a risk management measure. The fa
RBI/2022-23/163 IDMD.No.S2800/08.02.032/2022-23 January 11, 2023 All participants in the Government Securities Market Dear Sir / Madam Operational Risk Management: Price / Yield range setting in e-Kuber Please refer to our circular IDMD/1615/08.02.032/2019-20 dated December 12, 2019 advising the participants in the Government Securities (G-Sec) market about the “Price / Yield range setting” facility provided on the e-Kuber platform as a risk management measure. The fa
ଜାନୁଆରୀ 09, 2023
Basel III Capital Regulations - Eligible Credit Rating Agencies
RBI/2022-23/162 DOR.STR.REC.94/21.06.008/2022-23 January 09, 2023 All Scheduled Commercial Banks(including Small Finance Banks)(excluding Local Area Banks, Payments Banks and Regional Rural Banks) Dear Sir/ Madam, Basel III Capital Regulations - Eligible Credit Rating Agencies Please refer to paragraph 6.1.2 of the Master Circular DOR.CAP.REC.3/21.06.201/2022-23 dated April 01, 2022 on Basel III Capital Regulations, wherein the list of domestic credit rating agencies
RBI/2022-23/162 DOR.STR.REC.94/21.06.008/2022-23 January 09, 2023 All Scheduled Commercial Banks(including Small Finance Banks)(excluding Local Area Banks, Payments Banks and Regional Rural Banks) Dear Sir/ Madam, Basel III Capital Regulations - Eligible Credit Rating Agencies Please refer to paragraph 6.1.2 of the Master Circular DOR.CAP.REC.3/21.06.201/2022-23 dated April 01, 2022 on Basel III Capital Regulations, wherein the list of domestic credit rating agencies
ଜାନୁଆରୀ 06, 2023
Formation of new districts in the State of Chhattisgarh - Assignment of Lead Bank Responsibility
RBI/2022-23/161 FIDD.CO.LBS.BC.No.15/02.08.001/2022-23 January 06, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/Dear Sir, Formation of new districts in the State of Chhattisgarh – Assignment of Lead Bank Responsibility The Government of Chhattisgarh has notified formation of five new districts in the state of Chhattisgarh vide Gazette Notifications No. F 11-40/2021/Seven 4, No. F 11-08/2022/Seven-4, No. F 11-37/2021/Se
RBI/2022-23/161 FIDD.CO.LBS.BC.No.15/02.08.001/2022-23 January 06, 2023 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/Dear Sir, Formation of new districts in the State of Chhattisgarh – Assignment of Lead Bank Responsibility The Government of Chhattisgarh has notified formation of five new districts in the state of Chhattisgarh vide Gazette Notifications No. F 11-40/2021/Seven 4, No. F 11-08/2022/Seven-4, No. F 11-37/2021/Se
ଜାନୁଆରୀ 04, 2023
Foreign Investment in India - Rationalisation of reporting in Single Master Form (SMF) on FIRMS Portal
RBI/2022-23/160 A.P. (DIR Series) Circular No. 22 January 04, 2023 To All Category-I Authorised Dealer Banks Madam / Sir Foreign Investment in India - Rationalisation of reporting in Single Master Form (SMF) on FIRMS Portal Attention of Authorised Dealer Category-I banks (AD banks) is invited to A.P. (DIR Series) Circular No. 30 dated June 07, 2018. 2. It is advised that the following changes are being implemented with respect to the reporting of foreign investment in
RBI/2022-23/160 A.P. (DIR Series) Circular No. 22 January 04, 2023 To All Category-I Authorised Dealer Banks Madam / Sir Foreign Investment in India - Rationalisation of reporting in Single Master Form (SMF) on FIRMS Portal Attention of Authorised Dealer Category-I banks (AD banks) is invited to A.P. (DIR Series) Circular No. 30 dated June 07, 2018. 2. It is advised that the following changes are being implemented with respect to the reporting of foreign investment in
ଡିସେମ୍ବର 30, 2022
Individual Housing loans - Revised limits under four-tiered regulatory framework
RBI/2022-23/159 DOR.CRE.REC.92/07.10.002/2022-23 December 30, 2022 All Primary (Urban) Co-operative Banks, Madam / Dear Sir, Individual Housing loans – Revised limits under four-tiered regulatory framework Please refer to circular DOR.REG.No.84/07.01.000/2022-23 dated December 1, 2022, in terms of which UCBs have been categorised into four tiers for regulatory purposes. 2. In terms of the circular DOR.CRE.REC.42/09.22.010/2022-23 dated June 8, 2022, ceilings on housin
RBI/2022-23/159 DOR.CRE.REC.92/07.10.002/2022-23 December 30, 2022 All Primary (Urban) Co-operative Banks, Madam / Dear Sir, Individual Housing loans – Revised limits under four-tiered regulatory framework Please refer to circular DOR.REG.No.84/07.01.000/2022-23 dated December 1, 2022, in terms of which UCBs have been categorised into four tiers for regulatory purposes. 2. In terms of the circular DOR.CRE.REC.42/09.22.010/2022-23 dated June 8, 2022, ceilings on housin
ଡିସେମ୍ବର 26, 2022
Central Payments Fraud Information Registry - Migration of Reporting to DAKSH
RBI/2022-23/158 CO.DPSS.OVRST.No.S1619/06-08-005/2022-2023 December 26, 2022 The Chairman / Managing Director / Chief Executive Officer Banks, Non-bank Payment System Operators (PSOs) and Credit Card issuing Non-Banking Financial Companies (NBFCs) Madam / Dear Sir, Central Payments Fraud Information Registry – Migration of Reporting to DAKSH As announced in the Monetary Policy Statement 2019-20 on August 07, 2019, the Reserve Bank of India (RBI) had operationalised th
RBI/2022-23/158 CO.DPSS.OVRST.No.S1619/06-08-005/2022-2023 December 26, 2022 The Chairman / Managing Director / Chief Executive Officer Banks, Non-bank Payment System Operators (PSOs) and Credit Card issuing Non-Banking Financial Companies (NBFCs) Madam / Dear Sir, Central Payments Fraud Information Registry – Migration of Reporting to DAKSH As announced in the Monetary Policy Statement 2019-20 on August 07, 2019, the Reserve Bank of India (RBI) had operationalised th
ଡିସେମ୍ବର 20, 2022
Formation of new district in the State of Assam - Assignment of Lead Bank Responsibility
RBI/2022-23/157 FIDD.CO.LBS.BC.No.14/02.08.001/2022-23 December 20, 2022 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility The Government of Assam vide Gazette Notification No.GAG(B) 491/2019/107 dated January 12, 2021 had notified formation of a new district in the state of Assam. It has been decided to assign the lead bank respo
RBI/2022-23/157 FIDD.CO.LBS.BC.No.14/02.08.001/2022-23 December 20, 2022 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility The Government of Assam vide Gazette Notification No.GAG(B) 491/2019/107 dated January 12, 2021 had notified formation of a new district in the state of Assam. It has been decided to assign the lead bank respo
ଡିସେମ୍ବର 16, 2022
Sovereign Gold Bond (SGB) Scheme 2022-23
RBI/2022-23/156 IDMD.CDD.No.S2581/14.04.050/2022-23 December 16, 2022 Scheduled Commercial Banks (as per the list attached),Designated Post Offices (as per the list attached) Stock Holding Corporation of India Ltd.National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd.Clearing Corporation of India Ltd. Madam/Dear Sir, Sovereign Gold Bond (SGB) Scheme 2022-23 Government of India, vide its Notification No F.No4.(6)-B (W&M)/2022 dated December 15, 2022, has
RBI/2022-23/156 IDMD.CDD.No.S2581/14.04.050/2022-23 December 16, 2022 Scheduled Commercial Banks (as per the list attached),Designated Post Offices (as per the list attached) Stock Holding Corporation of India Ltd.National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd.Clearing Corporation of India Ltd. Madam/Dear Sir, Sovereign Gold Bond (SGB) Scheme 2022-23 Government of India, vide its Notification No F.No4.(6)-B (W&M)/2022 dated December 15, 2022, has
ଡିସେମ୍ବର 13, 2022
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of material items
RBI/2022-23/155 DOR.ACC.REC.No.91/21.04.018/2022-23 December 13, 2022 Madam/Sir, Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of material items Please refer to the notes and instructions for compilation of Balance Sheet and Profit and Loss Account, for commercial banks, as specified in Annexure II to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021 (hereinafter r
RBI/2022-23/155 DOR.ACC.REC.No.91/21.04.018/2022-23 December 13, 2022 Madam/Sir, Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of material items Please refer to the notes and instructions for compilation of Balance Sheet and Profit and Loss Account, for commercial banks, as specified in Annexure II to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021 (hereinafter r
ଡିସେମ୍ବର 13, 2022
Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures
RBI/2022-23/154 DoR.FIN.REC.90/20.16.056/2022-23 December 13, 2022 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Co-operative Banks All-India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID) All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies Madam/Dear Sir, Data Forma
RBI/2022-23/154 DoR.FIN.REC.90/20.16.056/2022-23 December 13, 2022 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Co-operative Banks All-India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID) All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies Madam/Dear Sir, Data Forma
ଡିସେମ୍ବର 12, 2022
Master Direction - Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022
RBI/2022-23/153 A. P. (DIR Series) Circular No. 21 December 12, 2022 All Authorised Dealer Category – I Banks Madam / Sir, Master Direction – Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022 The Reserve Bank of India, in exercise of the powers conferred under Sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999), hereby issues the following Directions. 1. Short title
RBI/2022-23/153 A. P. (DIR Series) Circular No. 21 December 12, 2022 All Authorised Dealer Category – I Banks Madam / Sir, Master Direction – Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022 The Reserve Bank of India, in exercise of the powers conferred under Sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999), hereby issues the following Directions. 1. Short title
ଡିସେମ୍ବର 12, 2022
Hedging of Commodity Price Risk and Freight Risk in Overseas Markets
RBI/2022-23/152 A. P. (DIR Series) Circular No. 20 December 12, 2022 All Authorised Dealer Category – I Banks Madam / Sir, Hedging of Commodity Price Risk and Freight Risk in Overseas Markets Attention of Authorised Dealer Category - I (AD Cat-I) banks is invited to Regulation 6 and 6A of the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000), as amended from tim
RBI/2022-23/152 A. P. (DIR Series) Circular No. 20 December 12, 2022 All Authorised Dealer Category – I Banks Madam / Sir, Hedging of Commodity Price Risk and Freight Risk in Overseas Markets Attention of Authorised Dealer Category - I (AD Cat-I) banks is invited to Regulation 6 and 6A of the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000), as amended from tim
ଡିସେମ୍ବର 12, 2022
Hedging of Gold Price Risk in Overseas Markets
RBI/2022-23/151 A. P. (DIR Series) Circular No. 19 December 12, 2022 All Authorised Dealer Category – I Banks Madam / Sir, Hedging of Gold Price Risk in Overseas Markets Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary Policy Statement for 2022-23 dated December 07, 2022 regarding hedging of price risk of gold in overseas markets. Attention is also invited to the Hedging of Commodity P
RBI/2022-23/151 A. P. (DIR Series) Circular No. 19 December 12, 2022 All Authorised Dealer Category – I Banks Madam / Sir, Hedging of Gold Price Risk in Overseas Markets Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary Policy Statement for 2022-23 dated December 07, 2022 regarding hedging of price risk of gold in overseas markets. Attention is also invited to the Hedging of Commodity P
ଡିସେମ୍ବର 08, 2022
Review of SLR holdings in HTM category
RBI/2022-23/150DOR.MRG.REC.89/21.04.141/2022-23 December 8, 2022 Review of SLR holdings in HTM category Please refer to paragraph 1 of Statement on Development and Regulatory Policies of the Monetary Policy Statement, 2022-23 dated December 7, 2022 and Section 6(iv)(a) of Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 dated August 25, 2021. 2. At present, banks have been granted a special dispe
RBI/2022-23/150DOR.MRG.REC.89/21.04.141/2022-23 December 8, 2022 Review of SLR holdings in HTM category Please refer to paragraph 1 of Statement on Development and Regulatory Policies of the Monetary Policy Statement, 2022-23 dated December 7, 2022 and Section 6(iv)(a) of Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 dated August 25, 2021. 2. At present, banks have been granted a special dispe
ଡିସେମ୍ବର 07, 2022
Standing Liquidity Facility for Primary Dealers
RBI/2022-23/149 REF.No.MPD.BC.396/07.01.279/2022-23 December 07, 2022 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.90 per cent to 6.25 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided
RBI/2022-23/149 REF.No.MPD.BC.396/07.01.279/2022-23 December 07, 2022 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.90 per cent to 6.25 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided
ଡିସେମ୍ବର 07, 2022
Change in Bank Rate
RBI/2022-23/148 DOR.RET.REC.88/12.01.001/2022-23 December 07, 2022 Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.70/12.01.001/2022-23 dated September 30, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated December 07, 2022, the Bank Rate is revised upwards by 35 basis points from 6.15 per cent to 6.50 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, wh
RBI/2022-23/148 DOR.RET.REC.88/12.01.001/2022-23 December 07, 2022 Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.70/12.01.001/2022-23 dated September 30, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated December 07, 2022, the Bank Rate is revised upwards by 35 basis points from 6.15 per cent to 6.50 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, wh
ଡିସେମ୍ବର 07, 2022
Liquidity Adjustment Facility- Change in rates
RBI/2022-23/147 FMOD.MAOG.No.148/01.01.001/2022-23 December 07, 2022 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility- Change in rates As announced in the Monetary Policy Statement dated December 07, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.90 per cent to 6.25 per cent with immediate effect. 2. Co
RBI/2022-23/147 FMOD.MAOG.No.148/01.01.001/2022-23 December 07, 2022 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility- Change in rates As announced in the Monetary Policy Statement dated December 07, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 35 basis points from 5.90 per cent to 6.25 per cent with immediate effect. 2. Co
ଡିସେମ୍ବର 01, 2022
Revised Regulatory Framework for Urban Co-operative Banks (UCBs) - Net Worth and Capital Adequacy
RBI/2022-23/146 DOR.CAP.REC.No.86/09.18.201/2022-23 December 1, 2022 Dear Sir/Madam, Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy Please refer to the Revised Regulatory Framework for Urban Co-operative Banks (UCBs) emanating from the recommendations of Expert Committee on Urban Co-operative Banks (Press Release: 2022-2023/561 dated July 19, 2022) and circular no. DOR.REG.No.84/07.01.000/2022-23 dated December 1, 202
RBI/2022-23/146 DOR.CAP.REC.No.86/09.18.201/2022-23 December 1, 2022 Dear Sir/Madam, Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy Please refer to the Revised Regulatory Framework for Urban Co-operative Banks (UCBs) emanating from the recommendations of Expert Committee on Urban Co-operative Banks (Press Release: 2022-2023/561 dated July 19, 2022) and circular no. DOR.REG.No.84/07.01.000/2022-23 dated December 1, 202
ଡିସେମ୍ବର 01, 2022
Operations of subsidiaries and branches of Indian banks and All India Financial Institutions (AIFIs) in foreign jurisdictions and in International Financial Services Centers (IFSCs) - Compliance with statutory/regulatory norms
RBI/2022-23/145 DOR.MRG.REC.87/00-00-020/2022-23 December 1, 2022 Operations of subsidiaries and branches of Indian banks and All India Financial Institutions (AIFIs) in foreign jurisdictions and in International Financial Services Centers (IFSCs) - Compliance with statutory/regulatory norms As you are aware, Reserve Bank had vide circular DBOD.No.BP.BC.89/21.04.141/2008-09 dated December 1, 2008 and circular DBOD.No.BP.BC.111/21.04.157/2013-14 dated May 12, 2014 issu
RBI/2022-23/145 DOR.MRG.REC.87/00-00-020/2022-23 December 1, 2022 Operations of subsidiaries and branches of Indian banks and All India Financial Institutions (AIFIs) in foreign jurisdictions and in International Financial Services Centers (IFSCs) - Compliance with statutory/regulatory norms As you are aware, Reserve Bank had vide circular DBOD.No.BP.BC.89/21.04.141/2008-09 dated December 1, 2008 and circular DBOD.No.BP.BC.111/21.04.157/2013-14 dated May 12, 2014 issu
ଡିସେମ୍ବର 01, 2022
Revised Regulatory Framework - Categorization of Urban Co-operative Banks (UCBs) for Regulatory Purposes
RBI/2022-23/144 DOR.REG.No.84/07.01.000/2022-23 December 01, 2022 Madam / Sir Revised Regulatory Framework - Categorization of Urban Co-operative Banks (UCBs) for Regulatory Purposes Given the heterogeneity in the cooperative sector, a tiered regulatory framework is required to balance the spirit of mutuality and co-operation more prevalent in banks of smaller sizes and those with limited area of operation vis-à-vis the growth ambitions of the large-sized UCBs to spre
RBI/2022-23/144 DOR.REG.No.84/07.01.000/2022-23 December 01, 2022 Madam / Sir Revised Regulatory Framework - Categorization of Urban Co-operative Banks (UCBs) for Regulatory Purposes Given the heterogeneity in the cooperative sector, a tiered regulatory framework is required to balance the spirit of mutuality and co-operation more prevalent in banks of smaller sizes and those with limited area of operation vis-à-vis the growth ambitions of the large-sized UCBs to spre
ଡିସେମ୍ବର 01, 2022
Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM)
RBI/2022-23/143 DOR.REG.No.85/07.01.000/2022-23 December 01, 2022 Madam / Sir Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM) In order to ensure a financially sound and stable co-operative sector, select UCBs are termed as Financially Sound and Well Managed (FSWM) subject to fulfillment of certain parameters. In this context, a reference is made to our circular DCBR.CO.LS (PCB) Cir.No.4/07.01.000/2014-
RBI/2022-23/143 DOR.REG.No.85/07.01.000/2022-23 December 01, 2022 Madam / Sir Review of norms for classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM) In order to ensure a financially sound and stable co-operative sector, select UCBs are termed as Financially Sound and Well Managed (FSWM) subject to fulfillment of certain parameters. In this context, a reference is made to our circular DCBR.CO.LS (PCB) Cir.No.4/07.01.000/2014-
ଡିସେମ୍ବର 01, 2022
Notification of Significant Benchmark
RBI/2022-23/142 FMRD.FMSD.06/03.07.25/2022-23 December 01, 2022 To All the Financial Benchmark Administrators Madam/Sir Notification of Significant Benchmark Please refer to the Financial Benchmark Administrators (Reserve Bank) Directions, 2019 (hereinafter referred to as ‘the Directions’), dated June 26, 2019 and RBI circular dated January 01, 2020, notifying six financial benchmarks administered by Financial Benchmarks India Pvt. Ltd. (FBIL) as ‘significant benchmar
RBI/2022-23/142 FMRD.FMSD.06/03.07.25/2022-23 December 01, 2022 To All the Financial Benchmark Administrators Madam/Sir Notification of Significant Benchmark Please refer to the Financial Benchmark Administrators (Reserve Bank) Directions, 2019 (hereinafter referred to as ‘the Directions’), dated June 26, 2019 and RBI circular dated January 01, 2020, notifying six financial benchmarks administered by Financial Benchmarks India Pvt. Ltd. (FBIL) as ‘significant benchmar
ନଭେମ୍ବର 23, 2022
Basel III Framework on Liquidity Standards - Standing Deposit Facility
RBI/2022-23/141 DOR.LRG.REC.83/03.10.001/2022-23 November 23, 2022 Madam/Dear Sir, Basel III Framework on Liquidity Standards – Standing Deposit Facility Please refer to circular DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 09, 2014 on ‘Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards’ and the Press Release 2022-2023/41 dated April 08, 2022 on operationalising of Standing Deposi
RBI/2022-23/141 DOR.LRG.REC.83/03.10.001/2022-23 November 23, 2022 Madam/Dear Sir, Basel III Framework on Liquidity Standards – Standing Deposit Facility Please refer to circular DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 09, 2014 on ‘Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards’ and the Press Release 2022-2023/41 dated April 08, 2022 on operationalising of Standing Deposi
ନଭେମ୍ବର 23, 2022
Inclusion of Goods and Service Tax Network (GSTN) as a Financial Information Provider under Account Aggregator Framework
RBI/2022-23/140 DoR.FIN.REC.82/03.10.123/2022-23 November 23, 2022 To All Regulated Entities of the Bank Madam/Dear Sir, Inclusion of Goods and Service Tax Network (GSTN) as a Financial Information Provider under Account Aggregator Framework Please refer to the Master Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 dated September 02, 2016. 2. With a view to facilitate cash flow-based lending to MSMEs, it has been decided
RBI/2022-23/140 DoR.FIN.REC.82/03.10.123/2022-23 November 23, 2022 To All Regulated Entities of the Bank Madam/Dear Sir, Inclusion of Goods and Service Tax Network (GSTN) as a Financial Information Provider under Account Aggregator Framework Please refer to the Master Direction – Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016 dated September 02, 2016. 2. With a view to facilitate cash flow-based lending to MSMEs, it has been decided
ନଭେମ୍ବର 23, 2022
Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial years 2022-23 and 2023-24
RBI/2022-23/139 FIDD.CO.FSD.BC.No.13/05.02.001/2022-23 November 23, 2022 The Chairman/Managing Director/Chief Executive Officer All Public Sector Banks, Private Sector Banks and Small Finance Banks Madam/Dear Sir, Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial years 2022-23 and 2023-24 Please refer to our circular FIDD.CO.FSD.BC.No.3/05.02.001/2022-23 dated Apr
RBI/2022-23/139 FIDD.CO.FSD.BC.No.13/05.02.001/2022-23 November 23, 2022 The Chairman/Managing Director/Chief Executive Officer All Public Sector Banks, Private Sector Banks and Small Finance Banks Madam/Dear Sir, Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial years 2022-23 and 2023-24 Please refer to our circular FIDD.CO.FSD.BC.No.3/05.02.001/2022-23 dated Apr
ନଭେମ୍ବର 17, 2022
Formation of new districts in the State of Nagaland - Assignment of Lead Bank Responsibility
RBI/2022-23/138 FIDD.CO.LBS.BC.No.12/02.08.001/2022-23 November 17, 2022 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new districts in the State of Nagaland – Assignment of Lead Bank Responsibility The Government of Nagaland has notified formation of four new districts in the state of Nagaland vide Gazette Notifications No. NO.GAB-I/COM/DIST.ADMIN/2019 (Pt-1)/116, 117 and 118, all dated December 20,
RBI/2022-23/138 FIDD.CO.LBS.BC.No.12/02.08.001/2022-23 November 17, 2022 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new districts in the State of Nagaland – Assignment of Lead Bank Responsibility The Government of Nagaland has notified formation of four new districts in the state of Nagaland vide Gazette Notifications No. NO.GAB-I/COM/DIST.ADMIN/2019 (Pt-1)/116, 117 and 118, all dated December 20,
ନଭେମ୍ବର 17, 2022
Exim Bank’s GoI supported Line of Credit of USD 300 Mn to the SBM (Mauritius) Infrastructure Development Company Ltd. for Construction of Phase-IV of the Mauritius Metro Express Project in Mauritius
RBI/2022-2023/137 A.P. (DIR Series) Circular No.18 November 17, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s GoI supported Line of Credit of USD 300 Mn to the SBM (Mauritius) Infrastructure Development Company Ltd. for Construction of Phase-IV of the Mauritius Metro Express Project in Mauritius Export-Import Bank of India (Exim Bank) has entered into an agreement dated October 17, 2022 with the SBM (Mauritius) Infrastructure Development Company
RBI/2022-2023/137 A.P. (DIR Series) Circular No.18 November 17, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s GoI supported Line of Credit of USD 300 Mn to the SBM (Mauritius) Infrastructure Development Company Ltd. for Construction of Phase-IV of the Mauritius Metro Express Project in Mauritius Export-Import Bank of India (Exim Bank) has entered into an agreement dated October 17, 2022 with the SBM (Mauritius) Infrastructure Development Company
ନଭେମ୍ବର 14, 2022
Agency Commission for Direct Tax collection under TIN 2.0 regime
RBI/2022-23/136 CO.DGBA.GBD.No.S957/43-33-005/2022-2023 November 14, 2022 All Agency banks (authorised to collect direct taxes) Madam / Dear Sir Agency Commission for Direct Tax collection under TIN 2.0 regime Please refer to Para 21 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated April 1, 2022 related to claiming of agency commission. 2. After implementation of TIN 2.0 regime for collection of direct taxes
RBI/2022-23/136 CO.DGBA.GBD.No.S957/43-33-005/2022-2023 November 14, 2022 All Agency banks (authorised to collect direct taxes) Madam / Dear Sir Agency Commission for Direct Tax collection under TIN 2.0 regime Please refer to Para 21 of our Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission dated April 1, 2022 related to claiming of agency commission. 2. After implementation of TIN 2.0 regime for collection of direct taxes
ନଭେମ୍ବର 01, 2022
Eligibility Criteria for offering Internet Banking Facility by Regional Rural Banks, 2022
RBI/2022-23/135 DoR.AUT.REC.81/24.01.001/2022-23 November 01, 2022 Madam / Sir, Eligibility Criteria for offering Internet Banking Facility by Regional Rural Banks, 2022 In exercise of the powers conferred by Sections 35A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby, amends the instructions issued vide circular DBR.RRB.BC.No.59/31.01.001/2015-16 dated November
RBI/2022-23/135 DoR.AUT.REC.81/24.01.001/2022-23 November 01, 2022 Madam / Sir, Eligibility Criteria for offering Internet Banking Facility by Regional Rural Banks, 2022 In exercise of the powers conferred by Sections 35A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby, amends the instructions issued vide circular DBR.RRB.BC.No.59/31.01.001/2015-16 dated November
ଅକ୍ଟୋବର 27, 2022
Designation of 10 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg.
RBI/2022-23/134 DOR.AML.REC.80/14.06.001/2022-23 October 27, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Designation of 10 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The procedure laid down in the UA
RBI/2022-23/134 DOR.AML.REC.80/14.06.001/2022-23 October 27, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Designation of 10 individuals as ‘Terrorists’ under Section 35 (1) (a) of the Unlawful Activities (Prevention) Act (UAPA), 1967 and their listing in the Schedule IV of the Act- Reg. In terms of Section 53 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021, “The procedure laid down in the UA
ଅକ୍ଟୋବର 20, 2022
Exim Bank’s Short-Term Line of Credit (STLoC) of EUR 100 million to the Banco Exterior de Cuba for purchase of rice from India
RBI/2022-2023/133 A.P. (DIR Series) Circular No.17 October 20, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s Short-Term Line of Credit (STLoC) of EUR 100 million to the Banco Exterior de Cuba for purchase of rice from India Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 23, 2022 with the Banco Exterior de Cuba- an agency nominated by the Government of Republic of Cuba for making available to the latter, Short Ter
RBI/2022-2023/133 A.P. (DIR Series) Circular No.17 October 20, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s Short-Term Line of Credit (STLoC) of EUR 100 million to the Banco Exterior de Cuba for purchase of rice from India Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 23, 2022 with the Banco Exterior de Cuba- an agency nominated by the Government of Republic of Cuba for making available to the latter, Short Ter
ଅକ୍ଟୋବର 13, 2022
Claims Received from the National Credit Guarantee Trustee Company Ltd (NCGTC) - Classification for the Purpose of Maintenance of Cash Reserve Ratio (CRR)/Statutory Liquidity Ratio (SLR)
RBI/2022-23/132 DOR.RET.REC.79/12.01.001/2022-23 October 13, 2022 All Scheduled Commercial Banks (including Regional Rural Banks) Local Area Banks, Small Finance Banks, Payments Banks Primary (Urban) Co-operative Banks (UCBs) State and Central Co-operative Banks (StCBs/CCBs) Madam/Dear Sir, Claims Received from the National Credit Guarantee Trustee Company Ltd (NCGTC) - Classification for the Purpose of Maintenance of Cash Reserve Ratio (CRR)/Statutory Liquidity Ratio
RBI/2022-23/132 DOR.RET.REC.79/12.01.001/2022-23 October 13, 2022 All Scheduled Commercial Banks (including Regional Rural Banks) Local Area Banks, Small Finance Banks, Payments Banks Primary (Urban) Co-operative Banks (UCBs) State and Central Co-operative Banks (StCBs/CCBs) Madam/Dear Sir, Claims Received from the National Credit Guarantee Trustee Company Ltd (NCGTC) - Classification for the Purpose of Maintenance of Cash Reserve Ratio (CRR)/Statutory Liquidity Ratio
ଅକ୍ଟୋବର 11, 2022
Diversification of activities by SPDs - Review of permissible non-core activities - Prudential regulations and other instructions
RBI/2022-23/127 DOR.FIN.REC.No.73/03.10.117/2022-23 October 11, 2022 All Standalone Primary Dealers (SPDs) Dear Sir/ Madam, Diversification of activities by SPDs – Review of permissible non-core activities – Prudential regulations and other instructions Please refer to the circular DOR.FIN.REC.No.72/03.10.117/2022-23 dated October 11, 2022 allowing SPDs to undertake foreign exchange activities as part of their non-core activities. In this connection, SPDs shall adhere
RBI/2022-23/127 DOR.FIN.REC.No.73/03.10.117/2022-23 October 11, 2022 All Standalone Primary Dealers (SPDs) Dear Sir/ Madam, Diversification of activities by SPDs – Review of permissible non-core activities – Prudential regulations and other instructions Please refer to the circular DOR.FIN.REC.No.72/03.10.117/2022-23 dated October 11, 2022 allowing SPDs to undertake foreign exchange activities as part of their non-core activities. In this connection, SPDs shall adhere
ଅକ୍ଟୋବର 11, 2022
Diversification of activities by SPDs - Review of permissible non-core activities
RBI/2022-23/126 DOR.FIN.REC.No.72/03.10.117/2022-23 October 11, 2022 All Standalone Primary Dealers (SPDs) Dear Sir/ Madam, Diversification of activities by SPDs – Review of permissible non-core activities A reference is invited to circular DNBR (PD) CC.No.094/03.10.001/2018-19 dated July 27, 2018 in terms of which SPDs, as part of their non-core activities, are permitted to offer foreign exchange products, as allowed from time to time, to their Foreign Portfolio Inve
RBI/2022-23/126 DOR.FIN.REC.No.72/03.10.117/2022-23 October 11, 2022 All Standalone Primary Dealers (SPDs) Dear Sir/ Madam, Diversification of activities by SPDs – Review of permissible non-core activities A reference is invited to circular DNBR (PD) CC.No.094/03.10.001/2018-19 dated July 27, 2018 in terms of which SPDs, as part of their non-core activities, are permitted to offer foreign exchange products, as allowed from time to time, to their Foreign Portfolio Inve
ଅକ୍ଟୋବର 11, 2022
Multiple NBFCs in a Group: Classification in Middle Layer
RBI/2022-23/129 DOR.CRE.REC.No.78/03.10.001/2022-23 October 11, 2022 All Non-Banking Financial Companies Madam / Dear Sir, Multiple NBFCs in a Group: Classification in Middle Layer Please refer to para 1 of the Annex to the Circular on “Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs” issued on October 22, 2021 delineating the four layered regulatory structure for NBFCs under Scale Based Regulatory Framework. 2. As per para 16 of the Master Dire
RBI/2022-23/129 DOR.CRE.REC.No.78/03.10.001/2022-23 October 11, 2022 All Non-Banking Financial Companies Madam / Dear Sir, Multiple NBFCs in a Group: Classification in Middle Layer Please refer to para 1 of the Annex to the Circular on “Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs” issued on October 22, 2021 delineating the four layered regulatory structure for NBFCs under Scale Based Regulatory Framework. 2. As per para 16 of the Master Dire
ଅକ୍ଟୋବର 11, 2022
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of Divergence in Asset Classification and Provisioning
RBI/2022-23/130 DOR.ACC.REC.No.74/21.04.018/2022-23 October 11, 2022 Madam / Dear Sir, Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of Divergence in Asset Classification and Provisioning In terms of paragraph C.4(e) of Annexure III to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021, commercial banks (excluding Regional Rural Banks (RRBs)) are required to disclos
RBI/2022-23/130 DOR.ACC.REC.No.74/21.04.018/2022-23 October 11, 2022 Madam / Dear Sir, Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021 - Disclosure of Divergence in Asset Classification and Provisioning In terms of paragraph C.4(e) of Annexure III to the Reserve Bank of India (Financial Statements-Presentation and Disclosures) Directions, 2021, commercial banks (excluding Regional Rural Banks (RRBs)) are required to disclos
ଅକ୍ଟୋବର 11, 2022
Reserve Bank of India (Unhedged Foreign Currency Exposure) Directions, 2022
RBI/2022-23/131 DOR.MRG.REC.76/00-00-007/2022-23 October 11, 2022 Dear Sir / Madam, Reserve Bank of India (Unhedged Foreign Currency Exposure) Directions, 2022 The Reserve Bank of India has, from time to time, issued several guidelines / instructions / directives to the banks on Unhedged Foreign Currency Exposure (UFCE) of the entities which have borrowed from banks. 2. We have received references from banks seeking clarification on various aspects including inter-ali
RBI/2022-23/131 DOR.MRG.REC.76/00-00-007/2022-23 October 11, 2022 Dear Sir / Madam, Reserve Bank of India (Unhedged Foreign Currency Exposure) Directions, 2022 The Reserve Bank of India has, from time to time, issued several guidelines / instructions / directives to the banks on Unhedged Foreign Currency Exposure (UFCE) of the entities which have borrowed from banks. 2. We have received references from banks seeking clarification on various aspects including inter-ali
ଅକ୍ଟୋବର 11, 2022
Review of Regulatory Framework for Asset Reconstruction Companies (ARCs)
RBI/2022-23/128 DoR.SIG.FIN.REC.75/26.03.001/2022-23 October 11, 2022 All Asset Reconstruction Companies Dear Sir/ Madam, Review of Regulatory Framework for Asset Reconstruction Companies (ARCs) ARCs play a vital role in the management of distressed financial assets of banks and financial institutions. Considering their critical role, a need was felt to review their functioning and operating framework. Accordingly, as part of the Statement on Developmental and Regulat
RBI/2022-23/128 DoR.SIG.FIN.REC.75/26.03.001/2022-23 October 11, 2022 All Asset Reconstruction Companies Dear Sir/ Madam, Review of Regulatory Framework for Asset Reconstruction Companies (ARCs) ARCs play a vital role in the management of distressed financial assets of banks and financial institutions. Considering their critical role, a need was felt to review their functioning and operating framework. Accordingly, as part of the Statement on Developmental and Regulat
ଅକ୍ଟୋବର 10, 2022
Review of Prudential Norms - Risk Weights for Exposures to Corporates and NBFCs
RBI/2022-23/125 DOR.STR.REC.71/21.06.201/2022-23 October 10, 2022 All Scheduled Commercial Banks (including Small Finance Banks) (Excluding Local Area Banks, Regional Rural Banks and Payments Banks) Madam/Dear Sir, Review of Prudential Norms – Risk Weights for Exposures to Corporates and NBFCs Please refer to paragraph 6.8.1 (i) of Master Circular on Basel III capital regulations dated April 1, 2022 in terms of which banks are permitted to derive risk weights for thei
RBI/2022-23/125 DOR.STR.REC.71/21.06.201/2022-23 October 10, 2022 All Scheduled Commercial Banks (including Small Finance Banks) (Excluding Local Area Banks, Regional Rural Banks and Payments Banks) Madam/Dear Sir, Review of Prudential Norms – Risk Weights for Exposures to Corporates and NBFCs Please refer to paragraph 6.8.1 (i) of Master Circular on Basel III capital regulations dated April 1, 2022 in terms of which banks are permitted to derive risk weights for thei
ଅକ୍ଟୋବର 06, 2022
Appointment of Internal Ombudsman by the Credit Information Companies
RBI/2022-23/124 CEPD.PRD.No.S806/13-01-008/2022-23 October 6, 2022 All Credit Information Companies Madam/ Sir, Appointment of Internal Ombudsman by the Credit Information Companies Please refer to paragraph 2 of the Statement on Developmental and Regulatory Policies dated August 5, 2022, wherein the decision to bring Credit Information Companies (CICs) under the Internal Ombudsman (IO) Framework was announced with a view to strengthen and improve the efficiency of th
RBI/2022-23/124 CEPD.PRD.No.S806/13-01-008/2022-23 October 6, 2022 All Credit Information Companies Madam/ Sir, Appointment of Internal Ombudsman by the Credit Information Companies Please refer to paragraph 2 of the Statement on Developmental and Regulatory Policies dated August 5, 2022, wherein the decision to bring Credit Information Companies (CICs) under the Internal Ombudsman (IO) Framework was announced with a view to strengthen and improve the efficiency of th
ସେପ୍ଟେମ୍ବର 30, 2022
Change in Bank Rate
RBI/2022-23/123 DOR.RET.REC.70/12.01.001/2022-23 September 30, 2022 Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.59/12.01.001/2022-23 dated August 05, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated September 30, 2022, the Bank Rate is revised upwards by 50 basis points from 5.65 per cent to 6.15 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, whi
RBI/2022-23/123 DOR.RET.REC.70/12.01.001/2022-23 September 30, 2022 Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.59/12.01.001/2022-23 dated August 05, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated September 30, 2022, the Bank Rate is revised upwards by 50 basis points from 5.65 per cent to 6.15 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, whi
ସେପ୍ଟେମ୍ବର 30, 2022
Late Submission Fee for reporting delays under Foreign Exchange Management Act, 1999 (FEMA)
RBI/2022-23/122 A.P. (DIR Series) Circular No. 16 September 30, 2022 ToAll Category-I Authorised Dealer Banks Madam / Sir Late Submission Fee for reporting delays under Foreign Exchange Management Act, 1999 (FEMA) The Late Submission Fee (LSF) was introduced for reporting delays in Foreign Investment (FI), External Commercial Borrowings (ECBs) and Overseas Investment related transactions with effect from November 07, 2017, January 16, 2019 and August 22, 2022 respecti
RBI/2022-23/122 A.P. (DIR Series) Circular No. 16 September 30, 2022 ToAll Category-I Authorised Dealer Banks Madam / Sir Late Submission Fee for reporting delays under Foreign Exchange Management Act, 1999 (FEMA) The Late Submission Fee (LSF) was introduced for reporting delays in Foreign Investment (FI), External Commercial Borrowings (ECBs) and Overseas Investment related transactions with effect from November 07, 2017, January 16, 2019 and August 22, 2022 respecti
ସେପ୍ଟେମ୍ବର 30, 2022
Standing Liquidity Facility for Primary Dealers
RBI/2022-23/121 REF.No.MPD.BC.395/07.01.279/2022-23 September 30, 2022 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 5.40 per cent to 5.90 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provide
RBI/2022-23/121 REF.No.MPD.BC.395/07.01.279/2022-23 September 30, 2022 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 5.40 per cent to 5.90 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provide
ସେପ୍ଟେମ୍ବର 30, 2022
Liquidity Adjustment Facility- Change in rates
RBI/2022-2023/120 FMOD.MAOG.No.147/01.01.001/2022-23 September 30, 2022 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility- Change in rates As announced in the Monetary Policy Statement dated September 30, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 5.40 per cent to 5.90 per cent with immediate effect. 2
RBI/2022-2023/120 FMOD.MAOG.No.147/01.01.001/2022-23 September 30, 2022 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility- Change in rates As announced in the Monetary Policy Statement dated September 30, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 5.40 per cent to 5.90 per cent with immediate effect. 2
ସେପ୍ଟେମ୍ବର 19, 2022
United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 02 existing entries on its Sanctions List
RBI/2022-2023/119 DOR.AML.REC.69/14.06.001/2022-23 September 19, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 02 existing entries on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Securi
RBI/2022-2023/119 DOR.AML.REC.69/14.06.001/2022-23 September 19, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 02 existing entries on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Securi
ସେପ୍ଟେମ୍ବର 19, 2022
Compliance Function and Role of Chief Compliance Officer (CCO)- Urban Co-operative Banks
RBI/2022-2023/118 Ref.No.DoS.CO.PPG/SEC.04/11.01.005/2022-23 September 19, 2022 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks (UCBs) Madam / Dear Sir, Compliance Function and Role of Chief Compliance Officer (CCO)- Urban Co-operative Banks As part of the overall structure for Corporate Governance, the Compliance Function serves a critical role. Therefore, it has been decided to introduce certain principles, standards
RBI/2022-2023/118 Ref.No.DoS.CO.PPG/SEC.04/11.01.005/2022-23 September 19, 2022 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks (UCBs) Madam / Dear Sir, Compliance Function and Role of Chief Compliance Officer (CCO)- Urban Co-operative Banks As part of the overall structure for Corporate Governance, the Compliance Function serves a critical role. Therefore, it has been decided to introduce certain principles, standards
ସେପ୍ଟେମ୍ବର 16, 2022
Master Directions on Interest Rate on Deposits
RBI/2022-2023/117 DOR.SOG (SPE).REC.No 68/13.03.00/2022-23 September 16, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)All Small Finance BanksAll Payment BanksAll Local Area BanksAll Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Sir / Madam, Master Directions on Interest Rate on Deposits Please refer to the instructions on the Foreign Currency (Non-resident) Accounts (Banks) Scheme contained in Section 19 (h) of the Master Di
RBI/2022-2023/117 DOR.SOG (SPE).REC.No 68/13.03.00/2022-23 September 16, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)All Small Finance BanksAll Payment BanksAll Local Area BanksAll Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Sir / Madam, Master Directions on Interest Rate on Deposits Please refer to the instructions on the Foreign Currency (Non-resident) Accounts (Banks) Scheme contained in Section 19 (h) of the Master Di
ସେପ୍ଟେମ୍ବର 15, 2022
Exim Bank’s GOI-supported Line of Credit of USD 448 million to the Government of Republic of Uzbekistan for Social Infrastructure and Other Development Projects
RBI/2022-2023/116 A.P. (DIR Series) Circular No.15 September 15, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s GOI-supported Line of Credit of USD 448 million to the Government of Republic of Uzbekistan for Social Infrastructure and Other Development Projects Export-Import Bank of India (Exim Bank) has entered into an agreement dated December 10, 2020 with the Government of Republic of Uzbekistan, for making available to the latter, Government of
RBI/2022-2023/116 A.P. (DIR Series) Circular No.15 September 15, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s GOI-supported Line of Credit of USD 448 million to the Government of Republic of Uzbekistan for Social Infrastructure and Other Development Projects Export-Import Bank of India (Exim Bank) has entered into an agreement dated December 10, 2020 with the Government of Republic of Uzbekistan, for making available to the latter, Government of
ସେପ୍ଟେମ୍ବର 15, 2022
Rupee Drawing Arrangement - Enabling Bharat Bill Payment System (BBPS) to process cross-border inbound Bill Payments
RBI/2022-23/115 A.P. (DIR Series) Circular No. 14 September 15, 2022 To All Category-I Authorised Dealer Banks Madam/Sir, Rupee Drawing Arrangement - Enabling Bharat Bill Payment System (BBPS) to process cross-border inbound Bill Payments Please refer to A.P. (DIR Series) Circular No. 120 dated April 10, 2014 on ‘Rupee Drawing Arrangement – Direct to Account Facility’, in terms of which, foreign inward remittances received under Rupee Drawing Arrangement (RDA) can be
RBI/2022-23/115 A.P. (DIR Series) Circular No. 14 September 15, 2022 To All Category-I Authorised Dealer Banks Madam/Sir, Rupee Drawing Arrangement - Enabling Bharat Bill Payment System (BBPS) to process cross-border inbound Bill Payments Please refer to A.P. (DIR Series) Circular No. 120 dated April 10, 2014 on ‘Rupee Drawing Arrangement – Direct to Account Facility’, in terms of which, foreign inward remittances received under Rupee Drawing Arrangement (RDA) can be
ସେପ୍ଟେମ୍ବର 08, 2022
Exim Bank's Government of India supported Line of Credit (LoC) of USD 108.28 million to the Government of the Kingdom of Eswatini (Swaziland) for the purpose of financing construction of new Parliament Building in Eswatini
RBI/2022-2023/114 A.P. (DIR Series) Circular No.13 September 08, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 108.28 million to the Government of the Kingdom of Eswatini (Swaziland) for the purpose of financing construction of new Parliament Building in Eswatini Export-Import Bank of India (Exim Bank) has entered into an agreement with the Government of the Kingdom of Eswatini (Swaziland)
RBI/2022-2023/114 A.P. (DIR Series) Circular No.13 September 08, 2022 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 108.28 million to the Government of the Kingdom of Eswatini (Swaziland) for the purpose of financing construction of new Parliament Building in Eswatini Export-Import Bank of India (Exim Bank) has entered into an agreement with the Government of the Kingdom of Eswatini (Swaziland)
ସେପ୍ଟେମ୍ବର 07, 2022
Review of Prudential Norms - Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS)
RBI/2022-23/113 DOR.STR.REC.67/21.06.201/2022-23 September 07, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)All Primary (Urban) Co-operative BanksAll Non-Banking Financial Companies (including Housing Finance Companies)All All-India Financial Institutions Dear Sir/Madam, Review of Prudential Norms – Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS) Please refer to paragraph 5.2 of the Master Circular on Basel III Capital Re
RBI/2022-23/113 DOR.STR.REC.67/21.06.201/2022-23 September 07, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)All Primary (Urban) Co-operative BanksAll Non-Banking Financial Companies (including Housing Finance Companies)All All-India Financial Institutions Dear Sir/Madam, Review of Prudential Norms – Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS) Please refer to paragraph 5.2 of the Master Circular on Basel III Capital Re
ସେପ୍ଟେମ୍ବର 06, 2022
Incentive for improving service to non-chest branches
RBI/2022-23/112 DCM (NPD) No.S770/09.40.002/2022-23 September 06, 2022 The Chairman & Managing Director Managing Director/ Chief Executive Officer All Banks having Currency Chests Madam/ Sir, Incentive for improving service to non-chest branches Please refer to circulars RBI/ 2015-16/ 293 DCM (NPD) No. 2564/ 09.40.02/ 2015-16 dated January 21, 2016 and DCM (Plg.) No 2845/ 10.25.007/2018-19 dated May 23, 2019 on the captioned subject. 2. We have been receiving quer
RBI/2022-23/112 DCM (NPD) No.S770/09.40.002/2022-23 September 06, 2022 The Chairman & Managing Director Managing Director/ Chief Executive Officer All Banks having Currency Chests Madam/ Sir, Incentive for improving service to non-chest branches Please refer to circulars RBI/ 2015-16/ 293 DCM (NPD) No. 2564/ 09.40.02/ 2015-16 dated January 21, 2016 and DCM (Plg.) No 2845/ 10.25.007/2018-19 dated May 23, 2019 on the captioned subject. 2. We have been receiving quer
ସେପ୍ଟେମ୍ବର 02, 2022
Guidelines on Digital Lending
RBI/2022-23/111 DOR.CRE.REC.66/21.07.001/2022-23 September 02, 2022 All Commercial Banks, Primary (Urban) Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks; and Non-Banking Financial Companies (including Housing Finance Companies) Madam/ Sir, Guidelines on Digital Lending A reference is invited to para 7 of the RBI Press Release “Recommendations of the Working Group on Digital Lending – Implementation” dated August 10, 2022. Detailed gu
RBI/2022-23/111 DOR.CRE.REC.66/21.07.001/2022-23 September 02, 2022 All Commercial Banks, Primary (Urban) Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks; and Non-Banking Financial Companies (including Housing Finance Companies) Madam/ Sir, Guidelines on Digital Lending A reference is invited to para 7 of the RBI Press Release “Recommendations of the Working Group on Digital Lending – Implementation” dated August 10, 2022. Detailed gu
ଅଗଷ୍ଟ 22, 2022
Foreign Exchange Management (Overseas Investment) Regulations, 2022
RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 No. FEMA 400/2022-RB August 22, 2022 Foreign Exchange Management (Overseas Investment) Regulations, 2022 In exercise of the powers conferred by sub-section (1) and clause (a) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following regulations, namely:– 1. Short title and commencement.– (1) These regulations m
RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 No. FEMA 400/2022-RB August 22, 2022 Foreign Exchange Management (Overseas Investment) Regulations, 2022 In exercise of the powers conferred by sub-section (1) and clause (a) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following regulations, namely:– 1. Short title and commencement.– (1) These regulations m
ଅଗଷ୍ଟ 22, 2022
Section 23 of the Banking Regulation Act, 1949 - Branch Authorisation Policy - Left Wing Extremism affected districts - Revised List
RBI/2022-23/109 DOR.AUT.REC.62/22.01.001/2022-23 August 22, 2022 All Domestic Scheduled Commercial Banks (excluding Regional Rural Banks, Payments Banks and Local Area Banks) Madam/Dear Sir, Section 23 of the Banking Regulation Act, 1949 – Branch Authorisation Policy – Left Wing Extremism affected districts – Revised List Please refer to our circular on ‘Rationalisation of Branch Authorisation Policy-Revision of Guidelines’ DBR.No.BAPD.BC.69/22.01.001/2016-17 dated Ma
RBI/2022-23/109 DOR.AUT.REC.62/22.01.001/2022-23 August 22, 2022 All Domestic Scheduled Commercial Banks (excluding Regional Rural Banks, Payments Banks and Local Area Banks) Madam/Dear Sir, Section 23 of the Banking Regulation Act, 1949 – Branch Authorisation Policy – Left Wing Extremism affected districts – Revised List Please refer to our circular on ‘Rationalisation of Branch Authorisation Policy-Revision of Guidelines’ DBR.No.BAPD.BC.69/22.01.001/2016-17 dated Ma
ଅଗଷ୍ଟ 12, 2022
Outsourcing of Financial Services - Responsibilities of regulated entities employing Recovery Agents
RBI/2022-23/108 DOR.ORG.REC.65/21.04.158/2022-23 August 12, 2022 Madam/ Sir, Outsourcing of Financial Services - Responsibilities of regulated entities employing Recovery Agents The Reserve Bank of India has from time to time advised regulated entities (REs) that the ultimate responsibility for their outsourced activities vests with them and they are, therefore, responsible for the actions of their service providers including Recovery Agents (hereafter referred to as
RBI/2022-23/108 DOR.ORG.REC.65/21.04.158/2022-23 August 12, 2022 Madam/ Sir, Outsourcing of Financial Services - Responsibilities of regulated entities employing Recovery Agents The Reserve Bank of India has from time to time advised regulated entities (REs) that the ultimate responsibility for their outsourced activities vests with them and they are, therefore, responsible for the actions of their service providers including Recovery Agents (hereafter referred to as
ଅଗଷ୍ଟ 11, 2022
Bilateral Netting of Qualified Financial Contracts - Amendments to Prudential Guidelines
RBI/2022-23/107 DOR.MRG.REC.64/00-00-005/2022-23 August 11, 2022 Dear Sir / Madam, Bilateral Netting of Qualified Financial Contracts - Amendments to Prudential Guidelines Please refer to the circular DOR.CAP.51/21.06.201/2020-21 dated March 30, 2021 and circular DOR.CAP.REC.No.97/21.06.201/2021-22 dated March 31, 2022 on the captioned subject. 2. At present, while computing capital requirements for counterparty credit risk, the following exposures, wherever allowed t
RBI/2022-23/107 DOR.MRG.REC.64/00-00-005/2022-23 August 11, 2022 Dear Sir / Madam, Bilateral Netting of Qualified Financial Contracts - Amendments to Prudential Guidelines Please refer to the circular DOR.CAP.51/21.06.201/2020-21 dated March 30, 2021 and circular DOR.CAP.REC.No.97/21.06.201/2021-22 dated March 31, 2022 on the captioned subject. 2. At present, while computing capital requirements for counterparty credit risk, the following exposures, wherever allowed t
ଅଗଷ୍ଟ 11, 2022
Section 23 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - Opening of new place of business by District Central Co-operative Banks (DCCBs)
RBI/2022-23/106 DOR.REG.No.63/19.51.052/2022-23 August 11, 2022 All District Central Co-operative Banks Madam/Sir, Section 23 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Opening of new place of business by District Central Co-operative Banks (DCCBs) Pursuant to the amendment to the Banking Regulation Act (No.39 of 2020) dated September 29, 2020, District Central Co-operative Banks (DCCBs) are permitted to open new place of business/
RBI/2022-23/106 DOR.REG.No.63/19.51.052/2022-23 August 11, 2022 All District Central Co-operative Banks Madam/Sir, Section 23 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Opening of new place of business by District Central Co-operative Banks (DCCBs) Pursuant to the amendment to the Banking Regulation Act (No.39 of 2020) dated September 29, 2020, District Central Co-operative Banks (DCCBs) are permitted to open new place of business/
ଅଗଷ୍ଟ 08, 2022
Rupee Interest Rate Derivatives (Reserve Bank) Directions - Review
RBI/2022-23/105FMRD.DIRD.05/14.03.046/2022-23 August 08, 2022 To, All Eligible Market Participants Madam / Sir, Rupee Interest Rate Derivatives (Reserve Bank) Directions - Review Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policies, issued as a part of the Bi-monthly Monetary Policy Statement for 2022-23 dated August 05, 2022 regarding permitting stand-alone primary dealers (SPDs) in India to deal in Foreign Currency Settled Overnight
RBI/2022-23/105FMRD.DIRD.05/14.03.046/2022-23 August 08, 2022 To, All Eligible Market Participants Madam / Sir, Rupee Interest Rate Derivatives (Reserve Bank) Directions - Review Please refer to Paragraph 4 of the Statement on Developmental and Regulatory Policies, issued as a part of the Bi-monthly Monetary Policy Statement for 2022-23 dated August 05, 2022 regarding permitting stand-alone primary dealers (SPDs) in India to deal in Foreign Currency Settled Overnight
ଅଗଷ୍ଟ 08, 2022
Authorised Dealer Category-I License eligibility for Small Finance Banks
RBI/2022-23/104 DOR.LIC.REC.60/16.13.218/2022-23 August 8, 2022 Managing Director and Chief Executive Officers of Small Finance Banks Madam/ Dear Sir, Authorised Dealer Category-I License eligibility for Small Finance Banks Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 and the ‘Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector’ released by Reserve Bank on December 5, 2019. 2. In
RBI/2022-23/104 DOR.LIC.REC.60/16.13.218/2022-23 August 8, 2022 Managing Director and Chief Executive Officers of Small Finance Banks Madam/ Dear Sir, Authorised Dealer Category-I License eligibility for Small Finance Banks Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 and the ‘Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector’ released by Reserve Bank on December 5, 2019. 2. In
ଅଗଷ୍ଟ 05, 2022
Change in Bank Rate
RBI/2022-23/103 DOR.RET.REC.59/12.01.001/2022-23 August 05, 2022 All Banks Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.44/12.01.001/2022-23 dated June 08, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated August 05, 2022, the Bank Rate is revised upwards by 50 basis points from 5.15 per cent to 5.65 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, w
RBI/2022-23/103 DOR.RET.REC.59/12.01.001/2022-23 August 05, 2022 All Banks Madam/Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.44/12.01.001/2022-23 dated June 08, 2022 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated August 05, 2022, the Bank Rate is revised upwards by 50 basis points from 5.15 per cent to 5.65 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, w
ଅଗଷ୍ଟ 05, 2022
Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021)
EXECUTIVE DIRECTOR Reserve Bank of India Mumbai Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021) NOTIFICATION Ref.CEPD.PRD.No.S544/13.01.001/2022-23 August 5, 2022 In exercise of the powers conferred by sub section (1) of Section 11 of the Credit Information Companies (Regulation) Act, 2005, and in partial modification of its notification CEPD. PRD. No. S873/13.01.001/2021-22 dated November 12, 2021, the Reserve Bank of India, being satisfied that it is
EXECUTIVE DIRECTOR Reserve Bank of India Mumbai Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021) NOTIFICATION Ref.CEPD.PRD.No.S544/13.01.001/2022-23 August 5, 2022 In exercise of the powers conferred by sub section (1) of Section 11 of the Credit Information Companies (Regulation) Act, 2005, and in partial modification of its notification CEPD. PRD. No. S873/13.01.001/2021-22 dated November 12, 2021, the Reserve Bank of India, being satisfied that it is
ଅଗଷ୍ଟ 05, 2022
Standing Liquidity Facility for Primary Dealers
RBI/2022-23/102 REF.No.MPD.BC.394/07.01.279/2022-23 August 05, 2022 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.90 per cent to 5.40 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided t
RBI/2022-23/102 REF.No.MPD.BC.394/07.01.279/2022-23 August 05, 2022 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the Monetary Policy Statement 2022-23 today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.90 per cent to 5.40 per cent with immediate effect. 2. Accordingly, the Standing Liquidity Facility provided t
ଅଗଷ୍ଟ 05, 2022
Liquidity Adjustment Facility- Change in rates
RBI/2022-23/101 FMOD.MAOG.No.146/01.01.001/2022-23 August 05, 2022 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility- Change in rates As announced in the Monetary Policy Statement dated August 05, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.90 per cent to 5.40 per cent with immediate effect. 2. Conseq
RBI/2022-23/101 FMOD.MAOG.No.146/01.01.001/2022-23 August 05, 2022 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility- Change in rates As announced in the Monetary Policy Statement dated August 05, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.90 per cent to 5.40 per cent with immediate effect. 2. Conseq
ଅଗଷ୍ଟ 04, 2022
Gold Monetization Scheme (GMS), 2015
RBI/2022-23/100 DoR.AUT.REC.58/23.67.001/2022-23 August 04, 2022 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22,
RBI/2022-23/100 DoR.AUT.REC.58/23.67.001/2022-23 August 04, 2022 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam Gold Monetization Scheme (GMS), 2015 In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22,
ଅଗଷ୍ଟ 01, 2022
External Commercial Borrowings (ECB) Policy - Liberalisation Measures
RBI/2022-23/98 A.P. (DIR Series) Circular No. 11 August 1, 2022 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Liberalisation Measures Attention is invited to paragraph 2.2 of FED Master Direction No.5 on External Commercial Borrowings, Trade Credits and Structured Obligations, dated March 26, 2019 (as amended from time to time), in terms of which eligible ECB borrowers are allowed to raise ECB up to USD 750 millio
RBI/2022-23/98 A.P. (DIR Series) Circular No. 11 August 1, 2022 To All Category-I Authorised Dealer Banks Madam / Sir, External Commercial Borrowings (ECB) Policy – Liberalisation Measures Attention is invited to paragraph 2.2 of FED Master Direction No.5 on External Commercial Borrowings, Trade Credits and Structured Obligations, dated March 26, 2019 (as amended from time to time), in terms of which eligible ECB borrowers are allowed to raise ECB up to USD 750 millio
ଜୁଲାଇ 29, 2022
United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 44 existing entries on its Sanctions List
RBI/2022-2023/96 DOR.AML.REC.57/14.06.001/2022-23 July 29, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 44 existing entries on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Cou
RBI/2022-2023/96 DOR.AML.REC.57/14.06.001/2022-23 July 29, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 44 existing entries on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Cou
ଜୁଲାଇ 28, 2022
Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]
RBI/2022-2023/95 CO.DPSS.POLC.No.S-760/02-14-003/2022-23 July 28, 2022 All Payment System Providers and Payment System Participants Madam / Dear Sir, Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)] Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Payment Aggregators and Payment Gate
RBI/2022-2023/95 CO.DPSS.POLC.No.S-760/02-14-003/2022-23 July 28, 2022 All Payment System Providers and Payment System Participants Madam / Dear Sir, Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)] Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Payment Aggregators and Payment Gate
ଜୁଲାଇ 28, 2022
Regulation of Payment Aggregators - Timeline for submission of applications for authorisation - Review
RBI/2022-23/94 CO.DPSS.POLC.No.S-761/02-14-008/2022-23 July 28, 2022 All Payment System Providers and Payment System Participants Madam / Dear Sir, Regulation of Payment Aggregators – Timeline for submission of applications for authorisation – Review Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Paym
RBI/2022-23/94 CO.DPSS.POLC.No.S-761/02-14-008/2022-23 July 28, 2022 All Payment System Providers and Payment System Participants Madam / Dear Sir, Regulation of Payment Aggregators – Timeline for submission of applications for authorisation – Review Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Paym
ଜୁଲାଇ 28, 2022
Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2022
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART III, SECTION (4)] Reserve Bank of IndiaForeign Exchange DepartmentCentral OfficeMumbai Notification No. FEMA.3(R)(3)/2022-RB July 28, 2022 Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2022 In exercise of the powers conferred by sub-section (2) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the foll
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART III, SECTION (4)] Reserve Bank of IndiaForeign Exchange DepartmentCentral OfficeMumbai Notification No. FEMA.3(R)(3)/2022-RB July 28, 2022 Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2022 In exercise of the powers conferred by sub-section (2) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the foll
ଜୁଲାଇ 26, 2022
Board approved Loan Policy - Management of Advances - UCBs
RBI/2022-23/93 DOR.CRE.REC.56/13.05.000/2022-23 July 26, 2022 All Primary (Urban) Co-operative Banks Madam / Dear Sir, Board approved Loan Policy – Management of Advances - UCBs Please refer to para 1 of the Master Circular DOR.CRE.REC.No.17/13.05.000/2022-23 dated April 8, 2022 on Management of Advances – UCBs in terms of which, UCBs are required to lay down, with the approval of their boards, transparent policies and guidelines for credit dispensation, in respect of
RBI/2022-23/93 DOR.CRE.REC.56/13.05.000/2022-23 July 26, 2022 All Primary (Urban) Co-operative Banks Madam / Dear Sir, Board approved Loan Policy – Management of Advances - UCBs Please refer to para 1 of the Master Circular DOR.CRE.REC.No.17/13.05.000/2022-23 dated April 8, 2022 on Management of Advances – UCBs in terms of which, UCBs are required to lay down, with the approval of their boards, transparent policies and guidelines for credit dispensation, in respect of
ଜୁଲାଇ 13, 2022
UNSCR 1718 Sanctions Committee on DPRK amends one Entry on its Sanctions List
RBI/2022-2023/91 DOR.AML.REC.55/14.06.001/2022-23 July 13, 2022 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, UNSCR 1718 Sanctions Committee on DPRK amends one Entry on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Council Resolution on Democratic People’s Republic of Korea Order, 2017’ as amended from time to tim
RBI/2022-2023/91 DOR.AML.REC.55/14.06.001/2022-23 July 13, 2022 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, UNSCR 1718 Sanctions Committee on DPRK amends one Entry on its Sanctions List Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to the ‘Implementation of Security Council Resolution on Democratic People’s Republic of Korea Order, 2017’ as amended from time to tim
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