Notifications

RBI/2015-16/297 DCBR.BPD.(PCB/RCB). Cir. No. 9 /12.05.001/2015-16 January 21, 2016 The Chief Executive Officers All Primary (Urban) Co-operative Banks/ State and Central Co-operative Banks (StCBs / CCBs) Dear Sir/Madam Acceptance of cheques bearing a date as per National Calendar (Saka Samvat) for payment As you are aware that Government of India has accepted Saka Samvat as National Calendar with effect from March 22, 1957 and all Government statutory orders, notifica

RBI/2015-16/288 DBR.No.BAPD.BC.72/22.01.001/2015-16 January 14, 2016 All Scheduled Commercial Banks (Including RRBs) Dear Sir/Madam, Section 23 of Banking Regulation Act, 1949 - Relaxations in Branch Authorisation Policy - Off Site ATMs Please refer to circular DBOD. No. BL. BC. 137/22.01.001/2008-09 dated June 12, 2009, on the above subject, permitting Scheduled Commercial Banks to install off-site ATMs at centres/places identified by them without having the need to

RBI/2015-16/282 DBR.IBD.BC. 8536/23.13.004/2015-16 January 07, 2016 All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir/Madam, Setting up of IFSC Banking Units (IBUs) – Permissible activities Please refer to our circular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015 setting out RBI directions relating to financial institutions set up in the International Financial Services Centres (IFSC). Based on the feedback and requests received from

RBI/2015-16/281 DBR.Dir.BC.No.70/13.03.00/2015-16 January 07, 2016 All Scheduled Commercial Banks(Excluding RRBs) Dear Sir/Madam Non-Fund Based Facility to Non-constituent Borrowers of Bank Please refer to paragraph 2(iii) of our circular DBOD.Dir.BC.62/13.07.09/2002-03 dated January 24, 2003 on ‘Discounting/Rediscounting of Bills by banks’ advising banks not to extend any non-fund based facilities to non-constituents borrowers of the banks. The restriction was impose

RBI/FED/2015-16/1 FED Master Direction No.4/2015-16 January 1, 2016 (Updated as on May 24, 2022) (Updated as on January 04, 2021) (Updated as on April 04, 2019) (Updated as on September 19, 2018) (Updated as on December 22, 2017) (Updated a

RBI/2015-16/279 DBR.IBD.BC.No.68/23.37.001/2015-16 December 31, 2015 All Scheduled Commercial Banks (Excluding RRBs and LABs) Madam/Dear Sir, Extension of Credit Facilities to Overseas Step-down Subsidiaries of Indian Corporates Please refer to our circular DBOD.IBD.BC.No.96/23.37.001/2006-07 dated May 10, 2007 permitting banks in India to extend funded and/or non-funded credit facilities to step-down subsidiaries of the overseas subsidiaries of Indian companies that

RBI/2015-16/259 DBR.Dir.BC.No.62/04.02.001/2015-16 December 4, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit The Government of India has announced the Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit to eligible exporters. The scheme is effective from April 1, 2015. The details of the scheme are enclosed. 2. Accordingly, scheduled commercial banks

RBI/2015-16/252 DBR.IBD.BC. 61/23.07.001/2015-16 November 26, 2015 All Foreign Banks operating in India Dear Sir/Madam, Engagement of Services of Expatriate Officers in Indian Offices of Foreign Banks Please refer to our D.O.No.DBOD.Ref.1318/C.319-70 August 31, 1970 and Circulars DBOD.No.1033/23.07.001/94 dated March 11, 1994 and DBOD.IBS.BC.No.109/ 23.06.001/ 99-2000 October 30, 1999 regarding engagement of expatriate officers by foreign banks in branches in India. 2

RBI/2015-16/247 DBR.BP.BC.No.55/21.04.172/2015-16 November 26, 2015 All Scheduled Commercial Banks (Excluding RRBs) Madam/Dear Sir, Bank Finance to Factoring Companies Please refer to our circular DBOD.BP.BC.No.40/21.04.172/2012-13 dated September 11, 2012 on “Bank Finance to Factoring Companies”, in terms of which banks were advised that they can extend financial assistance to support the factoring business of Factoring Companies complying with certain criteria, whic