Notifications

RBI/2022-23/62 DoR.AUT.REC.41/24.01.001/2022-23 June 07, 2022 All Scheduled Commercial Banks Madam/Dear Sir Branches of Indian Banks operating in GIFT-IFSC – acting as Professional Clearing Member (PCM) of India International Bullion Exchange IFSC Limited (IIBX) On a review, it has been decided to allow the branches of Indian banks operating in GIFT-IFSC to act as PCM of IIBX. 2. Accordingly, in exercise of the powers conferred on the Reserve Bank of India under Secti

RBI/2022-23/60 DOR.STR.REC.39/04.02.001/2022-23 May 31, 2022 All Scheduled Commercial Banks (excluding RRBs),Small Finance Banks, Primary (Urban) Cooperative Banks & State Cooperative Banks (scheduled banks having AD category-I license), andExim Bank Dear Sir / Madam, Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit - Extension Please refer to paragraph 2.4 of the circular No. DOR.STR.REC.93/04.02.001/2021-22 dated March 8, 2022, whe

RBI/2022-23/56 DOR.CRE.REC.18/09.22.010/2022-23 May 24, 2022 All Primary (Urban) Co-operative Banks Madam / Dear Sir, Housing Finance – Loans for repairs/additions/alterations - Enhancement of limits Please refer to para 2 of the circular UBD.CO.BPD.(PCB).Cir.No.13/09.22.010/2013-14 dated September 10, 2013 on the captioned subject, wherein, the ceiling on loans to individuals for carrying out repairs/additions/alterations to their dwelling units was revised upwards t

RBI/2022-23/45 DOR.RET.REC.32/12.01.001/2022-23 May 04, 2022 All Banks Madam/Sir, Change in Bank Rate Please refer to our circular DOR.No.Ret.BC.74/12.01.001/2019-20 dated May 22, 2020 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated May 04, 2022, the Bank Rate is revised upwards by 40 basis points from 4.25 per cent to 4.65 per cent with immediate effect. 3. All penal interest rates on shortfall in reserve requirements, which a

RBI/2022-23/43 DOR.LEG.REC.No.35/09.07.005/2022-23 May 4, 2022 All Scheduled Commercial Banks Madam/ Dear Sir ASBA designated branches to remain open for public on May 8, 2022 (Sunday) to facilitate processing of applications for LIC IPO The Government of India, in order to facilitate bidding for LIC IPO, has requested that all bank branches designated to process ASBA (Application Supported by Blocked Amount) applications may be kept open for public on May 8, 2022 (Su

RBI/2022-23/37 DOR.FIN.REC.No.30/03.10.001/2022-23 May 02, 2022 All Deposit taking NBFCs (including deposit taking HFCs) Dear Sir/ Madam, Review of Minimum Investment Grade Credit Ratings for Deposits of NBFCs Please refer to para 9 of Master Direction – Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016 wherein the names of approved credit rating agencies and their respective minimum investment grade credit rating for the pu

RBI/2022-23/34 DOR.CRE.REC.28/21.04.048/2022-23 April 21, 2022 All Scheduled Commercial Banks (Excluding Regional Rural Banks), All India Financial Institutions, Small Finance Banks, Local Area Banks, Primary (Urban) Co-operative Banks, and Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Legal Entity Identifier (LEI) for Borrowers Please refer to Para 3 of DBR.No.BP.BC.92/21.04.048/2017-18 dated November 2, 2017, on the captioned

RBI/2022-23/92 DoR.AUT.REC.No.27/24.01.041/2022-23 April 21, 2022 Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022 In exercise of the powers conferred by Sections 35A and Section 56 of the Banking Regula

RBI/2022-23/33 DOR.GOV.REC.No.26/18.10.004/2022-23 April 21, 2022 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/Dear Sir, Creation of Honorary Designations at Board level in Urban Co-operative Banks It has been observed during the course of supervisory reviews that some of the Urban Co-operative Banks (UCBs) have adopted the practice of creating honorary designations (remunerated or otherwise)/conferring titles

RBI/2022-23/31 DOR.CAP.REC.22/09.18.201/2022-23 April 19, 2022 The Chief Executive Officer All State and Central Co-operative Banks Madam / Dear Sir, Issue and regulation of share capital and securities - State Co-operative Banks and District Central Co-operative Banks The Banking Regulation (Amendment) Act, 2020 (No. 39 of 2020), notified in the Gazette of India on September 29, 2020 (vide Notification No. 64 of that date), has come into force with effect from April