Notifications - RBI - Reserve Bank of India
Notifications
Aug 21, 2020
New Definition of Micro, Small and Medium Enterprises - clarifications
RBI/2020-2021/26 FIDD.MSME & NFS.BC.No.4/06.02.31/2020-21 August 21, 2020 The Chairman/ Managing Director/Chief Executive OfficerAll 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-India Financial InstitutionsAll Non-Banking Financial Companies Dear Sir / Madam, New Definition of Micro, Small and Medium Enterprises – cl
RBI/2020-2021/26 FIDD.MSME & NFS.BC.No.4/06.02.31/2020-21 August 21, 2020 The Chairman/ Managing Director/Chief Executive OfficerAll 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-India Financial InstitutionsAll Non-Banking Financial Companies Dear Sir / Madam, New Definition of Micro, Small and Medium Enterprises – cl
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Aug 21, 2020
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s Democratic Republic of Congo List
RBI/2020-21/25 DOR.AML.BC. No. 8/14.06.001/2020-21 August 21, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s Democratic Republic of Congo List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in terms of Section 51A of the Unlawful Activiti
RBI/2020-21/25 DOR.AML.BC. No. 8/14.06.001/2020-21 August 21, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s Democratic Republic of Congo List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on January 09, 2020, in terms of which “Regulated Entities (REs) shall ensure that in terms of Section 51A of the Unlawful Activiti
Aug 18, 2020
Framework for authorisation of pan-India Umbrella Entity for Retail Payments
A. Objective To set-up pan-India umbrella entity / entities focussing on retail payment systems. Such entity shall be a Company incorporated in India under the Companies Act, 2013 and may be a ‘for-profit’ or a Section 8 Company as may be decided by it. B. Authorisation under the Payment and Settlement Systems Act, 2007 (PSS Act) The umbrella entity shall be a Company authorised by Reserve Bank of India (RBI) under Section 4 of the PSS Act, 2007. It shall be governed
A. Objective To set-up pan-India umbrella entity / entities focussing on retail payment systems. Such entity shall be a Company incorporated in India under the Companies Act, 2013 and may be a ‘for-profit’ or a Section 8 Company as may be decided by it. B. Authorisation under the Payment and Settlement Systems Act, 2007 (PSS Act) The umbrella entity shall be a Company authorised by Reserve Bank of India (RBI) under Section 4 of the PSS Act, 2007. It shall be governed
Aug 13, 2020
Review of Guidelines for Core Investment Companies
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/2020-21/24 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
Aug 12, 2020
System-based asset classification - UCBs
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/2020-21/23 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
Aug 11, 2020
Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2020
RESERVE BANK OF INDIA (Foreign Exchange Department) (Central Office) Mumbai – 400001 Notification No. FEMA 6 (R)/(2)/2020-RB August 11, 2020 Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2020 In exercise of the powers conferred by clause (ga) of sub- section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments to the Foreign Exchange Management (Expo
RESERVE BANK OF INDIA (Foreign Exchange Department) (Central Office) Mumbai – 400001 Notification No. FEMA 6 (R)/(2)/2020-RB August 11, 2020 Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2020 In exercise of the powers conferred by clause (ga) of sub- section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments to the Foreign Exchange Management (Expo
Aug 06, 2020
Offline Retail Payments using Cards / Wallets / Mobile Devices - Pilot
RBI/2020-21/22 DPSS.CO.PD.No.115/02.14.003/2020-21 August 06, 2020 The Chairman / Managing Director / Chief Executive OfficerAuthorised Payment System Operators (Banks and Non-banks) Madam / Dear Sir, Offline Retail Payments using Cards / Wallets / Mobile Devices – Pilot Please refer to the Statement on Developmental and Regulatory policies issued as part of Monetary Policy statement dated August 06, 2020 wherein it was proposed that the Reserve Bank would allow a pil
RBI/2020-21/22 DPSS.CO.PD.No.115/02.14.003/2020-21 August 06, 2020 The Chairman / Managing Director / Chief Executive OfficerAuthorised Payment System Operators (Banks and Non-banks) Madam / Dear Sir, Offline Retail Payments using Cards / Wallets / Mobile Devices – Pilot Please refer to the Statement on Developmental and Regulatory policies issued as part of Monetary Policy statement dated August 06, 2020 wherein it was proposed that the Reserve Bank would allow a pil
Aug 06, 2020
Online Dispute Resolution (ODR) System for Digital Payments
RBI/2020-21/21 DPSS.CO.PD No.116/02.12.004/2020-21 August 6, 2020 The Chairman / Managing Director / Chief Executive Officer Authorised Payment System Operators and Participants (Banks and Non-banks) Madam / Dear Sir, Online Dispute Resolution (ODR) System for Digital Payments Please refer to the Statement on Developmental and Regulatory Policies dated August 6, 2020 wherein the Reserve Bank of India (RBI) had announced introduction of Online Dispute Resolution (ODR)
RBI/2020-21/21 DPSS.CO.PD No.116/02.12.004/2020-21 August 6, 2020 The Chairman / Managing Director / Chief Executive Officer Authorised Payment System Operators and Participants (Banks and Non-banks) Madam / Dear Sir, Online Dispute Resolution (ODR) System for Digital Payments Please refer to the Statement on Developmental and Regulatory Policies dated August 6, 2020 wherein the Reserve Bank of India (RBI) had announced introduction of Online Dispute Resolution (ODR)
Aug 06, 2020
Loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses
RBI/2020-21/19 DoR.No.BP.BC/6/21.04.048/2020-21 August 6, 2020 All Scheduled Commercial Banks (Including Regional Rural Banks) Madam/Dear Sir, Loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses Please refer to the circulars DBOD.No.BP.BC.27/21.04.048/2014-15 July 22, 2014 and DBR.RRB.BC.No.53/31.01.001/2016-17 dated February 16, 2017. Under the extant guidelines, loans sanctioned by banks against pledge of gold ornaments and jewellery should not
RBI/2020-21/19 DoR.No.BP.BC/6/21.04.048/2020-21 August 6, 2020 All Scheduled Commercial Banks (Including Regional Rural Banks) Madam/Dear Sir, Loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses Please refer to the circulars DBOD.No.BP.BC.27/21.04.048/2014-15 July 22, 2014 and DBR.RRB.BC.No.53/31.01.001/2016-17 dated February 16, 2017. Under the extant guidelines, loans sanctioned by banks against pledge of gold ornaments and jewellery should not
Aug 06, 2020
Opening of Current Accounts by Banks - Need for Discipline
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/2020-21/20 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
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