Notifications

RBI/2021-22/180 DOR.STR.REC.93/04.02.001/2021-22 March 8, 2022 All Scheduled Commercial Banks (excluding RRBs), Small Finance Banks, Primary (Urban) Cooperative Banks (scheduled banks having AD category-I license), and EXIM Bank Dear Sir / Madam, Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension Please refer to the instructions issued vide circular DOR.CRE(DIR).REC.28/04.02.001/2021-22 dated July 1, 2021. 2. Government of India has

RBI/2021-22/179 DOR.CAP.REC.92/09.18.201/2021-22 March 08, 2022 The Chief Executive OfficerAll Primary (Urban) Co-operative Banks Madam / Dear Sir, Issue and regulation of share capital and securities - Primary (Urban) 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), is deemed to have come into force with effect from June 29, 2020 for Primar

RBI/2021-22/171 DOR.CRE.REC.No.87/08.12.001/2021-22 February 18, 2022 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Master Circular – Housing Finance Please refer to the Master Circular DBR.No.DIR.BC.13/08.12.001/2015-16 dated July 1, 2015 consolidating the instructions / guidelines issued to banks till June 30, 2015 relating to Housing Finance. This Master Circular consolidates instructions on the above matter issued up to February 17, 2022. Yours f

RBI/2021-22/168 DoR.RRA.88/01.01.101/2021-22 February 18, 2022 All Scheduled Commercial BanksAll Regional Rural BanksAll Payments BanksAll Small Finance BanksAll Local Area BanksAll Primary Urban Cooperative BanksAll State Cooperative BanksAll District Central Cooperative Banks[As applicable] Madam / Dear Sir, Regulations Review Authority (RRA 2.0) – Interim Recommendations – Discontinuation/Merger/Online Submission of Returns Please refer to the Press Release dated F

RBI/2021-2022/158 DOR.STR.REC.85/21.04.048/2021-22 February 15, 2022 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payments Banks All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Co-operative Banks All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Prudential norms on Inco

RBI/2021-22/151 DOR.No.PRD.LRG.79/21.04.098/2021-22 January 06, 2022 Dear Sir/Madam, Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards and Net Stable Funding ratio – Small Business Customers Please refer to the following instructions: 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), Liq

RBI/2021-22/149 DOR.CRE.REC.No.77/21.04.172/2021-22 January 05, 2022 All Scheduled Commercial Banks (excluding RRBs) Madam/ Dear Sir, Master Circular - Bank Finance to Non-Banking Financial Companies (NBFCs) Please refer to our Master Circular DBR.BP.BC.No.5/21.04.172/2015-16 dated July 1, 2015 on the captioned subject. This Master Circular consolidates instructions on the above matter issued up to January 04, 2022. Yours faithfully, (Manoranjan Mishra) Chief General

RBI/2021-22/144 DOR.AML.REC.74/14.01.001/2021-22 December 30, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance Please refer to our circular DOR.AML.REC 13/14.01.001/2021-22 dated May 5, 2021, on the captioned subject. 2. In view of the prevalent uncertainty due to new variant of Covid-19, the relaxation provided in the aforementioned circular is hereby extended ti

RBI/2021-22/136 DOR.CAP.REC.No.72/21.06.201/2021-22 December 08, 2021 Dear Sir/ Madam, General permission for infusion of capital in overseas branches and subsidiaries and retention/ repatriation/ transfer of profits in these centres by banks incorporated in India Please refer to para 1 of the ‘Statement on Developmental and Regulatory Policies’ dated December 8, 2021 on the above subject. 2. As per extant practice, banks incorporated in India seek prior RBI approval

RBI/2021-2022/125 DOR.STR.REC.68/21.04.048/2021-22 November 12, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payments Banks All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Co-operative Banks All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Prudential norms on Inco

RBI/2021-2022/123 DOR.SOG (SPE).REC.No 67/13.03.00/2021-22 November 11, 2021 All Scheduled Commercial Banks (including Regional Rural Banks) All Small Finance Banks All Local Area Banks All Payment Banks All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks Dear Sir / Madam, Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] - Master Direction on Interest Rate on Deposits Please refer to the instructions on the Foreign Currency (Non-res

RBI/2021-22/121 DOR.STR.REC.66/13.07.010/2021-22 November 9, 2021 All Scheduled Commercial Banks (excluding Payments Banks and RRBs) Dear Sir / Madam Master Circular - Guarantees and Co-acceptances Please refer to the Master Circular DBR.No.Dir.BC.11/13.03.00/2015-16 dated July 1, 2015 consolidating the instructions / guidelines issued to banks till June 30, 2015, relating to Guarantees and Co-acceptances. This Master Circular consolidates the instructions on the abov

RBI/2021-22/119 DoR.STR.REC.65/09.27.000/2021-22 November 02, 2021 The Managing Director/ Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/ Madam, Master Circular- Guarantees, Co-Acceptances & Letters of Credit - UCBs Please refer to our Master Circular DCBR. BPD (PCB) MC. No.8/09.27.000/2015-16 dated July 1, 2015 on the captioned subject (available at RBI website /en/web/rbi). The enclosed Master Circular consolidates and updates all the i

RBI/2021-22/117 DOR.No.STR.REC.64/21.04.048/2021-22 November 1, 2021 The Chief Executive Officers All Primary (Urban) Co-operative Banks Madam / Dear Sir, Master Circular- Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs Please refer to our Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 1, 2015 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines

RBI/2021-22/116 DOR.CRE.REC.63/21.04.048/2021-22 October 29, 2021 All Scheduled Commercial Banks All Payments Banks Madam/Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to our circular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 on the captioned subject and associated circulars thereon1. 2. On a review and taking into account feedback received from Indian Banks’ Association (IBA) and other stakeholders, it has been decided that

RBI/2021-22/115 DoR.AUT.REC.62/23.67.001/2021-22 October 28, 2021 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/DOR/2021-22/87 DOR.CAP.REC.No.61/21.01.002/2021-22 October 26, 2021 (Updated as on March 31, 2022) All Local Area Banks Dear Sir / Madam, Master Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021 Th

RBI/2021-22/112 DOR.CRE.REC.No.60/03.10.001/2021-22 October 22, 2021 All Non-Banking Financial Companies Madam / Sir, Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs The contribution of NBFCs towards supporting real economic activity and their role as a supplemental channel of credit intermediation alongside banks is well recognised. Over the years, the sector has undergone considerable evolution in terms of size, complexity, and interconnectedn

RBI/2021-22/106 DOR.CAP.REC.No.56/21.06.201/2021-22 October 4, 2021 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/ Madam, Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas Please refer to paragraph 1.16 of Annex 4 (Criteria for Inclusion of Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital) to the Master C

RBI/2021-2022/104 DOR.No.STR.REC.55/21.04.048/2021-22 October 1, 2021 All Commercial Banks (excluding RRBs) Madam/Dear Sir Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances Please refer to the Master Circular No. DBR.No.BP.BC.2/21.04.048/2015-16 dated July 1, 2015 consolidating instructions / guidelines issued to banks till June 30, 2015 on matters relating to prudential norms on income recognition,

RBI/DOR/2021-22/85 DOR.STR.REC.53/21.04.177/2021-22 September 24, 2021 (Updated as on December 05, 2022) All Scheduled Commercial Banks (including Small Finance Banks but excluding Regional Rural Banks); All All-India Term Financial Institu

RBI/DOR/2021-22/86 DOR.STR.REC.51/21.04.048/2021-22 September 24, 2021 (Updated as on December 05, 2022) All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/

RBI/2021-22/100 DOR.MRG.REC.50/21.04.141/2021-22 September 20, 2021 All Primary (Urban) Co-operative Banks Dear Sir / Madam, Master Circular on Investments by Primary (Urban) Co-operative Banks Please refer to our Master Circular DCBR.BPD(PCB).MC.No.4/16.20.000/2015-16 dated July 1, 2015 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions/guidelines on the subject issued as on date. Yours faithfully, (Usha Janakiraman)

RBI/2021-22/98 DOR.AML.REC 48/14.01.001/2021-22 September 13, 2021 The Chairpersons / CEOs of all Non-Banking Finance Companies (NBFCs), Payment System Providers and Payment System Participants Madam / Dear Sir, Application for Aadhaar e-KYC Authentication Licence In terms of Section 11A of the PML Act, 2002, entities other than banking companies may, by notification of the Central Government, be permitted to carry out authentication of client’s Aadhaar number using e

RBI/2021-22/97 DOR.CRE.REC.47/21.01.003/2021-22 September 09, 2021 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Credit Risk Mitigation (CRM) for offsetting – non-centrally cleared derivative transactions of foreign bank branches in India with their Head Office Please refer to circular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 on Large Exposures Framework (LEF). 2. It is advised that the Indi

RBI/DOR/2021-22/83 DOR.ACC.REC.No.45/21.04.018/2021-22 August 30, 2021 (Updated as on February 20, 2023) (Updated as on December 13, 2022) (Updated as on October 11, 2022) (Updated as on May 19, 2022) (Updated as on November 15, 2021) All

RBI/2021-22/91 DOR.FIN.REC.No.41/03.10.136/2021-22 August 25, 2021 All Housing Finance Companies (HFCs) Dear Sir/ Madam, Notification as ‘Financial Institution’ under Section 2(1)(m)(iv) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) Please refer to Para 105 of Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 wherein certain criteria have b

RBI/2021-2022/86DOR.LEG.REC/40/09.07.005/2021-22 August 18, 2021 All Scheduled Commercial Banks (including RRBs) All Co-operative Banks All Small Finance Banks All Payments Banks All Local Area Banks Madam/Sir, Safe Deposit Locker/Safe Custody Article Facility provided by the banks- Revised Instructions Please refer to the extant instructions issued to Regulated Entities (REs) by the Reserve Bank on the above subject. Taking into consideration the various developments

RBI/2021-22/81 DOR.MRG.39/21.04.157/2021-22 August 06, 2021 All Banks Madam / Dear Sir, Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts Please refer to paragraph 2.2 of our circular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008, in terms of which any change in any of the parameters of the original derivative contract would be treated as a restructuring. 2. In this context, it is clarified that change in the

RBI/2021-22/80 DOR.STR.REC.38/21.04.048/2021-22 August 6, 2021 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 All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised t

RBI/2021-22/77 DOR.CRE.REC.35/21.04.048/2021-22 August 04, 2021 To, All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Guidelines for Implementation of the circular on Opening of Current Accounts by Banks Please refer to circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020, DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 and DOR.No.BP.BC.30/21.04.048/2020-21 dated December 14, 2020 on Opening of Current Accounts by Banks - Need for

RBI/2021-22/74 DOR.FIN.REC.No.34/03.10.136/2021-22 July 29, 2021 All deposit taking Housing Finance Companies (HFCs) Madam/ Dear Sir, Rating of Deposits of HFCs – Approved Credit Rating Agencies and Minimum Investment Grade Credit Rating A reference is invited to Para 25.2 of Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021, wherein the names of five approved credit rating agencies and their minimum investment

RBI/2021-22/72 DOR.CRE.REC.No.33/13.03.00/2021-22 July 23, 2021 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Local Area Banks Madam / Dear Sir, Loans and Advances – Regulatory Restrictions Please refer to paragraphs 2.2.1.2, 2.2.1.4 and paragraph 2.2.1.5 of Master Circular on Loans and Advances - Statutory and Other Restrictions dated July 01, 2015. 2. On a review, it has been decided that i) For personal loans granted to any director of

RBI/DOR/2021-22/80 DOR.No.RET.REC.32/12.01.001/2021-22 July 20, 2021 (Updated as on December 16, 2024) (Updated as on September 25, 2023) (Updated as on April 06, 2022) Master Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021

RBI/2021-22/70 DoR.ORG.REC.31/21.06.017/2021-22 July 9, 2021 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 Dear Sir, Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation Please refer to our circular DBR.No.BP.BC.88/21.04.048/2014-15 dated April 23, 2015, advising banks to implement a ‘Mandat

RBI/2021-22/66 DoR.SPE.REC.29/13.03.00/2021-2022 July 02, 2021 All Scheduled Commercial Banks (including RRBs) All Small Finance Banks All Local Area Banks All Primary (Urban) Co-operative Banks/ District Central Co-operative Banks/ State Co-operative Banks Dear Sir / Madam, Review of Instructions on Interest on overdue domestic deposits Please refer to Section 9 (b) of Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 3

RBI/2021-22/65 DOR.CRE(DIR).REC.28/04.02.001/2021-22 July 1, 2021 All Scheduled Commercial Banks (excluding RRBs),Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank Dear Sir / Madam, Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension Please refer to the instructions issued vide circular DOR.CRE.REC.06/04.02.001/2021-22 dated April 12, 2021. 2. Government of India has approved the extension of Interest Equalization S

RBI/2021-22/64 DOR.ORG.REC.27/21.04.158/2021-22 June 28, 2021 The Chief Executive Officer All Co-operative Banks Madam / Dear Sir, Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks It is observed that the co-operative banks are increasingly using outsourcing as a means for reducing costs as well as for availing specialist expertise, where these are not available internally. 2. While it is entirely the banks’ prerogative to take a

RBI/2021-2022/62 DOR.CRE(DIR).REC.26/21.04.103/2021-22 June 25, 2021 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/ Dear Sir, Appointment of Chief Risk Officer in Primary (Urban) Co-operative Banks With increasing size and scope of business, Primary (Urban) Co-operative Banks (UCBs) are gradually getting exposed to greater degree of risks. It is, therefore, necessary that every UCB focuses its attention on putting in place appropriate risk m

RBI/2021-22/58 DOR.CRE(DIR).REC.24/23.67.001/2021-22 June 23, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Gold (Metal) Loans – Repayment Please refer to instructions issued vide circulars DBOD.No.IBS.1519/23.67.001/98-99 dated December 31, 1998, DBOD.No.IBS.3161/23.67.001/98-99 dated June 25, 1999, DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005, DBOD.No.IBD.BC.71/23.67.001/2006-07 dated April 3, 2007 and DBOD.No.

RBI/2021-22/49 DoR.RET.REC.19/12.05.009/2021-22 June 04, 2021 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks, All State Co-operative Banks and Central Co-operative Banks Madam/Sir Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS) – Extension of time In terms of Section 31 of the Banking Regulation Act, 1949 (“the Act”), read with Section 56 of the Act, accounts and balance sheet referre

RBI/2021-22/47 DOR.STR.REC.21/21.04.048/2021-22 June 4, 2021 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 All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework - 2.0: Resolution of Covid-19 related stress of Micro, Small and

RBI/2021-22/46 DOR.STR.REC.20/21.04.048/2021-22 June 4, 2021 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 All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and

RBI/2021-22/45 DOR. AML.REC 18 /14.01.001/2021-22 May 31, 2021 All Commercial and Co-operative Banks / Payments Banks/ Small Finance Banks / NBFCs / Payment System Providers Madam / Dear Sir, Customer Due Diligence for transactions in Virtual Currencies (VC) It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by making a reference to the RBI circular DBR.No.BP.BC

RBI/2021-22/42 DOR.RUR.REC.No.17/19.51.007/2021-22 May 24, 2021 All State and Central Cooperative Banks Dear Sir/ Madam, Amalgamation of District Central Co-operative Banks (DCCBs) with the State Co-operative Bank (StCB) - Guidelines The Banking Regulation (Amendment) Act, 2020 (39 of 2020) has been notified for the State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs) with effect from, April 1, 2021 vide Notification dated December 23, 2020

RBI/2021-22/37 DoR.DEA.REC.No.16/30.01.002/2021-22 May 11, 2021 The Managing Director & CEO/Chief Executive OfficersAll Scheduled Commercial Banks (including RRBs) Local Area Banks (LABs) Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks/Small Finance Banks/Payments Banks Dear Sir/Madam, Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Interest rates payable on unclaimed interes

RBI/2021-22/32 DOR.STR.REC.12/21.04.048/2021-22 May 5, 2021 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 All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and M

RBI/2021-22/31 DOR.STR.REC.11/21.04.048/2021-22 May 5, 2021 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 All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and S

RBI/2021-22/29 DOR. AML.REC 13/14.01.001/2021-22 May 5, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance Please refer to Section 38 of the Master Direction on KYC dated February 25, 2016, in terms of which Regulated Entities (REs) have to carry out periodic updation of KYC of existing customers. Keeping in view the current COVID-19 related restrictions in various parts

RBI/2021-22/28 DOR.STR.REC.10/21.04.048/2021-22 May 5, 2021 All Scheduled Commercial Banks (Excluding Regional Rural Banks and Payments Banks) Dear Sir/ Madam, Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer Please refer to our circular DBOD.No.BP.BC.89/21.04.048/2005-06 dated June 22, 2006 and DBOD.No.BP.BC.68/21.04.048/2006-07 dated March 13, 2007 on creation, accounting, disclosures and utilisation of floating provisions by banks. Banks may

RBI/2021-22/23 DOR.ACC.REC.7/21.02.067/2021-22 April 22, 2021 All Commercial Banks and Cooperative Banks, Madam / Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.29/21.02.067/2020-21 dated December 4, 2020, and other associated circulars on the captioned subject. 2. In view of the continuing uncertainty caused by the ongoing second wave of COVID-19 in the country, it is crucial that banks remain resilient and proactively raise and cons

RBI/2021-22/21 DOR.CRE.REC.06/04.02.001/2021-22 April 12, 2021 All Scheduled Commercial Banks (excluding RRBs) Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank Dear Sir / Madam, Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit-Extension Please refer to the instructions issued vide DBR.Dir.BC.No.69/04.02.001/2019-20 dated May 13, 2020. 2. In this connection, Government of India has approved the extension of Interest Equaliza

RBI/2021-22/20 DoR.LIC.REC.5/16.13.218/2021-22 April 8, 2021 Chief Executive Officers of Payments Banks Dear Sir/Madam, Enhancement of limit of maximum balance per customer at end of the day from ₹1 lakh to ₹2 lakh – Payments Banks (PBs) Please refer to paragraph 3 of Statement on Developmental and Regulatory Policies dated April 7, 2021 on the above subject. 2. In terms of paragraph 4(i) of the ‘Guidelines for Licensing of Payments Banks’ (Licensing Guidelines) dated

RBI/2021-22/17 DOR.STR.REC.4/21.04.048/2021-22 April 7, 2021 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 All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Asset Classification and Income Recognition following the expiry of Covid-19 regulato

RBI/2021-22/13 DoR.AUT.REC.2/23.67.001/2021-22 April 5, 2021 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, 2015

RBI/2020-21/115 DOR.CAP.51/21.06.201/2020-21 March 30, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam / Dear Sir, Bilateral Netting of Qualified Financial Contracts- Amendments to Prudential Guidelines The Bilateral Netting of Qualified Financial Contracts Act, 2020 (hereafter referred to as “the Act”), has been notified by the Government of India vide Gazette Notification No. S.O. 3463(E) dated October 1, 2020. The Act provides a legal fra

RBI/2020-21/109 DOR.No.CRE.BC.47/21.01.003/2020-21 March 23, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payments BanksLocal Area Banks and Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Deferment of applicability of limits on non-centrally cleared derivatives exposures Please refer to circular No.DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020 on Large Exposures Framework (LEF). 2. On a review it has been decided that

RBI/2020-21/104 DOR.No.CRE.BC.45/21.01.003/2020-21 February 24, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payments Banks Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Large Exposures Framework – Exemptions Please refer to circular No.DBR.No.BP.BC.43/21.01.003/2018-19 dated June 03, 2019 on Large Exposures Framework (LEF) 2. Paragraph 3 of the Annex to the above circular specifies the exposures that are exempt from the LEF. On a r

RBI/2020-21/73 DOR.FIN.HFC.CC.No.120/03.10.136/2020-21 February 17, 2021 (Updated as on May 05, 2025) (Updated as on October 10, 2024*) (Updated as on March 21, 2024*) (Updated as on December 15, 2023*) (Updated as on October 19, 2023*) (Updated as on August 29, 2023*) (Updated as on June 20, 2023*) (Updated as on December 27, 2022*) (Updated as on September 29, 2022*) (Updated as on August 17, 2022*) (Updated as on July 22, 2022*) (Updated as on June 14, 2022*) (Updated as on April 22, 2022*) (Updated as on April 01, 2022*) (Updated as on December 28, 2021*) (Updated as on October 05, 2021*) (Updated as on August 25, 2021*) (Updated as on July 29, 2021*) Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 The Reserve Bank of India (the Bank), having considered it necessary in the public interest, and being satisfied that, for the purpose of enabling the Bank to regulate the financial system to the advantage of the country and to prevent the affairs of any Housing Finance Company (HFCs) from being conducted in a manner detrimental to the interest of investors and depositors or in any manner prejudicial to the interest of such HFCs, and in exercise of the powers conferred under sections 45L and 45MA of the Reserve Bank of India Act, 1934 and Sections 30, 30A, 32 and 33 of the National Housing Bank Act, 1987, hereby issues to every HFC, in supersession of the regulations/ directions as given in Chapter XVII of these directions, the Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 hereinafter specified.

RBI/2020-2021/97 DOR.CO.LIC.CC No.119/03.10.001/2020-21 February 12, 2021 To Non-Banking Financial Companies (NBFCs) (including Housing Finance Companies) andAsset Reconstruction Companies Madam / Dear Sir, Investment in NBFCs from FATF non-compliant jurisdictions The Financial Action Task Force (FATF) periodically identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) in its following publications: i) High-Risk Jurisd

RBI/2020-21/95 DOR.No.LRG.BC.40/21.04.098/2020-21 February 05, 2021 All Commercial Banks (excluding Regional Rural Banks,Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018 on Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)-Final Guidelines (‘NSFR Guidelines’) and circular DOR.BP.B

RBI/2020-21/93 DOR.CAP.BC.No.34/21.06.201/2020-21 February 5, 2021 All Commercial Banks (Excluding Small Finance Banks, Payments Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations- Review of transitional arrangements Please refer to circular DOR.BP.BC.No.15/21.06.201/2020-21 dated September 29, 2020 on ‘Basel III Capital Regulations- Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19 and in order to aid in

RBI/2020-21/89 DOR.CRG.CRS.Cir.No.5/13.05.000/2020-21 February 5, 2021 The Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir / Madam, Loans and advances to directors, their relatives, and firms / concerns in which they are interested Please refer to our circular BPD.Cir.50/13.05.00/2002-03 dated April 29, 2003 on the captioned subject and subsequent instructions issued in this regard. 2. The Banking Regulation Act, 1949 (“the

RBI/2020-21/86 DOR.No.CRE.BC.33/21.06.007/2020-21 January 27, 2021 All Scheduled Commercial Banks (Excluding Payment Banks, Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies – CRISIL Ratings Limited Please refer to the Master Circular DBR.No.BP.BC.4./21.06.001/2015-16 dated July 1, 2015 on 'Prudential Guidelines on Capital

RBI/2020-21/79 DOR.No.BP.BC.30/21.04.048/2020-21 December 14, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to the circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 and DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 on the captioned subject. On a review, it has been decided to permit banks to open specific accounts which are stipulated under vario

RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 December 4, 2020 All Regional Rural Banks Madam/ Sir, Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs) In order to provide an additional avenue for liquidity management to Regional Rural Banks (RRBs), it has been decided that Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) will be extended to Scheduled RRBs meeting the followi

RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.64/21.02.067/2019-20 dated April 17, 2020, on the captioned subject. 2. In view of the ongoing stress and heightened uncertainty on account of COVID-19, it is imperative that banks continue to conserve capital to support the economy and absorb losses. In order to

RBI/2020-21/62 DOR.No.BP.BC.27/21.04.048/2020-21 November 02, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to our circular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 on the captioned subject. 2. In this connection, a reference is invited to Para 4 of the circular referred to above, wherein the banks were advised that in respect of existing current and CC/OD a

RBI/2020-21/61DOR.No.BP.BC.26/21.04.048/2020-21 October 26, 2020 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 All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Scheme for grant of ex-gratia payment of difference between compound interest and s

RBI/2020-21/56 DOR.No.BP.BC.24/08.12.015/2020-21 October 16, 2020 All Scheduled Commercial Banks (Including Small Finance Banks, Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Individual Housing Loans – Rationalisation of Risk Weights Please refer to paragraph 6 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on rationalization of@@NBSP@@ risk weights on Individual Housing Loans. 2. In terms of circular No. DBR.BP.

RBI/2020-2021/55 DoR(PCB). BPD.Cir No.4/12.05.001/2020-21 October 13, 2020 The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks,All State Co-operative Banks and Central Co-operative Banks Madam / Dear Sir, Submission of returns under Section 31 (read with section 56) of the Banking Regulation Act, 1949 - Extension of time Please refer to our circular DoR (PCB).BPD.Cir.No.2/12.05.001/2020-21 dated August 26, 2020 issued to a

RBI/2020-21/53DOR.No.BP.BC.23/21.06.201/2020-21 October 12, 2020 All Scheduled Commercial Banks (Including Small Finance Banks,Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Regulatory Retail Portfolio – Revised Limit for Risk Weight Please refer to paragraph 5 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on the limit for regulatory retail portfolio. 2. In terms of para 5.9 on “Claims included in the Regulatory

RBI/2020-21/43 DOR.BP.BC.No.16/21.04.098/2020-21 September 29, 2020 All Commercial Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our@@NBSP@@circular DOR.BP.BC.No.46/21.04.098/2019-20 dated March 27, 2020@@NBSP@@on Net Stable Funding Ratio (NSFR) guidelines. 2. In view of the continued uncertainty on account of COVID-19, on a review

RBI/2020-21/42DOR.BP.BC.No15/21.06.201/2020-21 September 29, 2020 All Commercial Banks (Excluding Small Finance Banks, Payment Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations - Review of transitional arrangements Please refer to circular DOR.BP.BC.No.45/21.06.201/2019-20 dated March 27, 2020 on ‘Basel III Capital Regulations - Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19, it has been decided to de

RBI/2020-21/34DOR.No.BP.BC/13/21.04.048/2020-21 September 7, 2020 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 BanksAll All-India Financial InstitutionsAll Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress – Financial Parameters Please refer

RBI/2020-21/28 DoR (PCB).BPD.Cir.No.2/12.05.001/2020-21 August 26, 2020 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS) – Extension of time In terms of section 31 of the Banking Regulation Act, 1949 (“the Act”) read with Section 56 the Act [as amended by the Banking Regulation (Amendment) Ordinance, 2020], accounts and balance-sheet referred to in sec

RBI/2020-21/24 DoR (NBFC) (PD) CC. No.117/03.10.001/2020-21 August 13, 2020 All Core Investment Companies (CICs) Madam/Dear Sir, Review of Guidelines for Core Investment Companies Please refer to the report of the Working Group (WG) to Review the Regulatory and Supervisory Framework for Core Investment Companies (CICs), constituted under the Chairmanship of Shri Tapan Ray, former Secretary, Ministry of Corporate Affairs, Government of India. The report of the WG was p

RBI/2020-21/23 DoR (PCB). BPD. Cir. No.1/13.05.001/2020-21 August 12, 2020 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam / Dear Sir, System-based asset classification - UCBs Please refer to the Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 1, 2015 containing consolidated instructions on income recognition, asset classification, provisioning and other related matters. 2. In order to improve the efficiency, transparency

RBI/2020-21/20 DOR.No.BP.BC/7/21.04.048/2020-21 August 6, 2020 All Scheduled Commercial Banks All Payments Banks Madam/Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to the circular DBR.Leg.BC.25./09.07.005/2015-16 dated July 2, 2015 on the subject. The instructions on opening of current accounts by banks have been reviewed and the revised instructions are as under: i. No bank shall open current accounts for customers who have availe

RBI/2020-21/18 DOR.No.BP.BC/5/21.04.201/2020-21 August 6, 2020 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam Basel III Capital Regulations – Treatment of debt mutual funds/ETFs Please refer to our circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015, on Basel III capital regulations. 2. In terms of para 8.4.1 of the circular, capital charge for equities is applicable to units of mutual funds. It has now bee

RBI/2020-21/17 DOR.No.BP.BC/4/21.04.048/2020-21 August 6, 2020 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 BanksAll All-India Financial InstitutionsAll Non-Banking Financial Companies Dear Sir/ Madam, Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances Please refer to the circular DOR.No.BP.BC.34/21

RBI/2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 August 6, 2020 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 All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress The Reserve Bank of India (Prudent

RBI/2020-21/15 DOR (NBFC).CC.PD.No.116/22.10.106/2020-21 July 24, 2020 To Non-Banking Financial Companiesand Asset Reconstruction Companiesimplementing Indian Accounting Standards Madam / Sir, Implementation of Indian Accounting Standards Please refer to paragraph 3 of the Annex to our circular DOR (NBFC).CC.PD.No.109/22.10.106/2019-20 dated March 13, 2020, on the captioned subject, in terms of which any net unrealised gains arising on fair valuation of financial inst

RBI/2020-21/12 DOR (NBFC).CC.PD.No.115/03.10.001/2020-21 July 10, 2020 All Non-Banking Financial Companies (NBFCs) Madam/ Dear Sir, Exemption from Registration as NBFC – Alternative Investment Fund (AIF) A reference is invited to para 5 of Master Directions on Exemptions from the provisions of RBI Act, 1934 dated August 25, 2016. Venture capital fund companies, holding a certificate of registration obtained under section 12 of the Securities and Exchange Board of Indi

RBI/2020-21/11 DoR (NBFC) (PD) CC. No. 114/03.10.001/2020-21 July 06, 2020 All Non-Banking Financial Companies (NBFCs) Madam/ Dear Sir, Extension of timeline for finalization of audited accounts Please refer to para 18(2) of the Master Direction on Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016, as per which every appl

RBI/2020-21/09 DoR.BP.BC.No.01/21.04.048/2020-21 July 1, 2020 All Scheduled Commercial Banks (including Scheduled RRBs) Dear Sir/Madam, Distressed Assets Fund - Subordinate Debt for Stressed MSMEs Please refer to the circular No.170/2020-21 dated June 24, 2020 issued by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) regarding the captioned scheme. As the credit facilities extended under the above scheme are backed by a guarantee from CGTMSE,

RBI/2020-21/01 DoR (NBFC) (PD) CC.No.113/03.10.001/2020-21 July 01, 2020 All NBFCs/HFCs Madam/Dear Sir, Special liquidity scheme for NBFCs/HFCs The Government of India has approved a scheme to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector. To be eligible under the Scheme, the following conditions should be met: NBFCs including Microfinance Institutions that are registe

RBI/2019-20/255DoR.BP.BC.No.76/21.06.201/2019-20 June 21, 2020 All Member Lending Institutions(All Scheduled Commercial Banks including Scheduled RRBs)(NBFCs including HFCs eligible under the captioned scheme)(All India Financial Institutions - Small Industries Development Bank of India, National Housing Bank, National Bank for Agriculture and Rural Development and Export-Import Bank of India) Dear Sir/ Madam, Assignment of Risk Weights on Credit Facilities (Guarantee

RBI/2019-20/246 DOR.DIR.BC.No.73/04.02.002/2019-20 May 23, 2020 All Scheduled Commercial Banks (excluding RRBs) All Primary Urban Co-operative Banks1 All Small Finance Banks Madam / Dear Sir, Pre-shipment and Post-shipment Export Credit – Extension of Period of Advance Please refer to the Master Circular on ‘Rupee / Foreign Currency Export Credit and Customer Service to Exporters’ issued vide DBR.No.DIR.BC.14/04.02.002/2015-16 dated July 1, 2015 and other associated c