Notifications

Loans and Advances - Regulatory Restrictions - NBFCs

RBI/2022-23/29 DOR.CRE.REC.No.25/03.10.001/2022-23 April 19, 2022 All Non-Banking Financial Companies Madam/ Dear Sir, Loans and Advances – Regulatory Restrictions - NBFCs In terms of para 3.2.2 (c) and para 3.2.3 (b) & (c) of the circular on Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs issued on October 22, 2021, certain regulatory restrictions on lending were introduced in respect of NBFCs placed in different layers. Detailed guidelines

RBI/2022-23/29 DOR.CRE.REC.No.25/03.10.001/2022-23 April 19, 2022 All Non-Banking Financial Companies Madam/ Dear Sir, Loans and Advances – Regulatory Restrictions - NBFCs In terms of para 3.2.2 (c) and para 3.2.3 (b) & (c) of the circular on Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs issued on October 22, 2021, certain regulatory restrictions on lending were introduced in respect of NBFCs placed in different layers. Detailed guidelines

Loans and Advances - Regulatory Restrictions - NBFCs

Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)

RBI/2022-23/28 A.P. (DIR Series) Circular No. 01 (revised number) April 19, 2022 To, All Authorized Persons Madam / Sir Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs) Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified, vide Notification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from

RBI/2022-23/28 A.P. (DIR Series) Circular No. 01 (revised number) April 19, 2022 To, All Authorized Persons Madam / Sir Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs) Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified, vide Notification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from

Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)

Scale Based Regulation (SBR) for NBFCs: Capital requirements for Non-Banking Finance Companies - Upper Layer (NBFC-UL)

RBI/2022-23/30 DOR.CAP.REC.No.21/21.06.201/2022-23 April 19, 2022 Dear Sir/ Madam, Scale Based Regulation (SBR) for NBFCs: Capital requirements for Non-Banking Finance Companies – Upper Layer (NBFC-UL) Please refer to the circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs. 2. In terms of paragraph 3.2.1 (b) of the circular ibid, NBFC-UL shall maintain Common Equity Tier 1 capita

RBI/2022-23/30 DOR.CAP.REC.No.21/21.06.201/2022-23 April 19, 2022 Dear Sir/ Madam, Scale Based Regulation (SBR) for NBFCs: Capital requirements for Non-Banking Finance Companies – Upper Layer (NBFC-UL) Please refer to the circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs. 2. In terms of paragraph 3.2.1 (b) of the circular ibid, NBFC-UL shall maintain Common Equity Tier 1 capita

Scale Based Regulation (SBR) for NBFCs: Capital requirements for Non-Banking Finance Companies - Upper Layer (NBFC-UL)

Disclosures in Financial Statements- Notes to Accounts of NBFCs

RBI/2022-23/26 DOR.ACC.REC.No.20/21.04.018/2022-23 April 19, 2022 Dear Sir/ Madam, Disclosures in Financial Statements- Notes to Accounts of NBFCs Please refer to our circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on ‘Scale Based Regulation (SBR): A Revised Regulatory Framework’ for NBFCs, which inter-alia envisages certain specific disclosures. 2. Non-Banking Finance Companies (NBFCs) are required to make disclosures in their financial statements

RBI/2022-23/26 DOR.ACC.REC.No.20/21.04.018/2022-23 April 19, 2022 Dear Sir/ Madam, Disclosures in Financial Statements- Notes to Accounts of NBFCs Please refer to our circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on ‘Scale Based Regulation (SBR): A Revised Regulatory Framework’ for NBFCs, which inter-alia envisages certain specific disclosures. 2. Non-Banking Finance Companies (NBFCs) are required to make disclosures in their financial statements

Disclosures in Financial Statements- Notes to Accounts of NBFCs

Compliance Function and Role of Chief Compliance Officer (CCO) - NBFCs

RBI/2022-23/24 Ref.No.DoS.CO.PPG./SEC.01/11.01.005/2022-23 April 11, 2022 The Chairman / Managing Director / Chief Executive Officer All Non-Banking Financial Companies Madam / Dear Sir, Compliance Function and Role of Chief Compliance Officer (CCO) - NBFCs Please refer to the Reserve Bank’s guidelines on ‘Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs’ issued vide Circular Ref.DOR.CRE. REC.No.60/03.10.001/2021-22 dated October 22, 20211. As in

RBI/2022-23/24 Ref.No.DoS.CO.PPG./SEC.01/11.01.005/2022-23 April 11, 2022 The Chairman / Managing Director / Chief Executive Officer All Non-Banking Financial Companies Madam / Dear Sir, Compliance Function and Role of Chief Compliance Officer (CCO) - NBFCs Please refer to the Reserve Bank’s guidelines on ‘Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs’ issued vide Circular Ref.DOR.CRE. REC.No.60/03.10.001/2021-22 dated October 22, 20211. As in

Compliance Function and Role of Chief Compliance Officer (CCO) - NBFCs

Section 24 and Section 56 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)

RBI/2022-23/23 DOR.RET.REC.15/12.01.001/2022-23 April 08, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)Local Area Banks, Small Finance Banks, Payments BanksPrimary (Urban) Co-operative Banks (UCBs)State and Central Co-operative Banks (StCBs / CCBs) Madam/Sir, Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) Please refer to circular DBR.No.Ret.BC.10/12.02.001/2018-19 dated December 05,

RBI/2022-23/23 DOR.RET.REC.15/12.01.001/2022-23 April 08, 2022 All Scheduled Commercial Banks (including Regional Rural Banks)Local Area Banks, Small Finance Banks, Payments BanksPrimary (Urban) Co-operative Banks (UCBs)State and Central Co-operative Banks (StCBs / CCBs) Madam/Sir, Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) Please refer to circular DBR.No.Ret.BC.10/12.02.001/2018-19 dated December 05,

Section 24 and Section 56 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)

Review of SLR holdings in HTM category

RBI/2022-23/21 DOR.MRG.REC.14/21.04.141/2022-23 April 08, 2022 Dear Sir / Madam, Review of SLR holdings in HTM category Please refer to paragraph 4 of Statement on Development and Regulatory Policies of the Monetary Policy Statement, 2022-23 dated April 08, 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

RBI/2022-23/21 DOR.MRG.REC.14/21.04.141/2022-23 April 08, 2022 Dear Sir / Madam, Review of SLR holdings in HTM category Please refer to paragraph 4 of Statement on Development and Regulatory Policies of the Monetary Policy Statement, 2022-23 dated April 08, 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

Review of SLR holdings in HTM category

Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendment in two entries

RBI/2022-23/18 DOR.AML.REC.11/14.06.001/2022-23 April 04, 2022 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: Amendment in two entries 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

RBI/2022-23/18 DOR.AML.REC.11/14.06.001/2022-23 April 04, 2022 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: Amendment in two entries 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

Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendment in two entries

Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 - Amendment

RBI/2021-22/191 DOR.MRG.REC.98/21.04.141/2021-22 March 31, 2022 Dear Sir / Madam, Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 - Amendment Please refer to the Master Direction DOR.MRG.42/21.04.141/2021-22 dated August 25, 2021 – ‘Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021’ (hereinafter referred as ‘Master Direction’). 2. In terms of

RBI/2021-22/191 DOR.MRG.REC.98/21.04.141/2021-22 March 31, 2022 Dear Sir / Madam, Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 - Amendment Please refer to the Master Direction DOR.MRG.42/21.04.141/2021-22 dated August 25, 2021 – ‘Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021’ (hereinafter referred as ‘Master Direction’). 2. In terms of

Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 - Amendment

Cassette - Swaps in ATMs

RBI/2021-22/190 DCM (Plg.) No.S 1117/10.25.007/2021-22 March 31, 2022 The Chairman / Managing Director/ Chief Executive Officer All Banks Madam / Dear Sir, Cassette - Swaps in ATMs Please refer to the circulars RBI/2017-18/162/ DCM (Plg.) No. 3641/10.25.007/2017-18 dated April 12, 2018 and RBI/2021-22/71/ DCM (Plg.) No.S39/10.25.007/2021-22 dated July 12, 2021 on the captioned subject wherein banks were advised to consider using lockable cassettes in their ATMs which

RBI/2021-22/190 DCM (Plg.) No.S 1117/10.25.007/2021-22 March 31, 2022 The Chairman / Managing Director/ Chief Executive Officer All Banks Madam / Dear Sir, Cassette - Swaps in ATMs Please refer to the circulars RBI/2017-18/162/ DCM (Plg.) No. 3641/10.25.007/2017-18 dated April 12, 2018 and RBI/2021-22/71/ DCM (Plg.) No.S39/10.25.007/2021-22 dated July 12, 2021 on the captioned subject wherein banks were advised to consider using lockable cassettes in their ATMs which

Cassette - Swaps in ATMs