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Nov 11, 2021
Exim Bank's Government of India supported Line of Credit (LoC) of USD 10.40 million to the Government of the Kingdom of Eswatini (Swaziland)
RBI/2021-2022/122 A.P. (DIR Series) Circular No.17 November 11, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 10.40 million to the Government of the Kingdom of Eswatini (Swaziland) Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 01, 2021 with the Government of the Kingdom of Eswatini (Swaziland), for making available to the latter, Government of India s
RBI/2021-2022/122 A.P. (DIR Series) Circular No.17 November 11, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 10.40 million to the Government of the Kingdom of Eswatini (Swaziland) Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 01, 2021 with the Government of the Kingdom of Eswatini (Swaziland), for making available to the latter, Government of India s
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Nov 11, 2021
Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] - Master Direction on Interest Rate on Deposits
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/2021-2022/123 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
Nov 08, 2021
Investment by Foreign Portfolio Investors (FPIs) in Debt - Review
RBI/2021-22/120 A.P. (DIR Series) Circular No. 16 November 08, 2021 To All Authorised Persons Madam / Sir Investment by Foreign Portfolio Investors (FPIs) in Debt – Review 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 time to time and the relevant Directions issued the
RBI/2021-22/120 A.P. (DIR Series) Circular No. 16 November 08, 2021 To All Authorised Persons Madam / Sir Investment by Foreign Portfolio Investors (FPIs) in Debt – Review 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 time to time and the relevant Directions issued the
Nov 02, 2021
Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks
RBI/2021-22/118 DOS.CO.PPG.SEC.No.4/11.01.005/2021-22 November 02, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payment Banks and Regional Rural Banks) Madam/ Dear Sir, Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks Please refer to the circular No. DBS.CO.PPD.BC.No.8/11.01.005/2016-17 dated April 13, 2017 on the Revised Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks (SCBs). 2. The existing PCA Fr
RBI/2021-22/118 DOS.CO.PPG.SEC.No.4/11.01.005/2021-22 November 02, 2021 All Scheduled Commercial Banks (Excluding Small Finance Banks, Payment Banks and Regional Rural Banks) Madam/ Dear Sir, Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks Please refer to the circular No. DBS.CO.PPD.BC.No.8/11.01.005/2016-17 dated April 13, 2017 on the Revised Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks (SCBs). 2. The existing PCA Fr
Oct 29, 2021
Opening of Current Accounts by Banks - Need for Discipline
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/2021-22/116 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
Oct 28, 2021
Gold Monetization Scheme (GMS), 2015
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/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,
Oct 22, 2021
Sovereign Gold Bond Scheme of the Government of India (GoI) - Procedural Guidelines - Consolidated (Updated as on October 04, 2022)
RBI/2021-2022/114 IDMD.CDD.1100/14.04.050/2021-22 October 22, 2021 (Updated as on October 04, 2022) All Scheduled Commercial Banks (Excluding RRBs)Designated Post OfficesStock Holding Corporation of India Ltd. (SHCIL)BSE & NSEDepositoriesClearing Corporation of India Limited Dear Sir/Madam, Sovereign Gold Bond Scheme of the Government of India (GoI) - Procedural Guidelines - Consolidated The Sovereign Gold Bond (SGB) Scheme was first launched by Government of Indi
RBI/2021-2022/114 IDMD.CDD.1100/14.04.050/2021-22 October 22, 2021 (Updated as on October 04, 2022) All Scheduled Commercial Banks (Excluding RRBs)Designated Post OfficesStock Holding Corporation of India Ltd. (SHCIL)BSE & NSEDepositoriesClearing Corporation of India Limited Dear Sir/Madam, Sovereign Gold Bond Scheme of the Government of India (GoI) - Procedural Guidelines - Consolidated The Sovereign Gold Bond (SGB) Scheme was first launched by Government of Indi
Oct 22, 2021
Sovereign Gold Bond Scheme (SGB) 2021-22 - Series VII/VIII/IX/X
RBI/2021-2022/113 IDMD.CDD.No.1087/14.04.050/2021-22 October 22, 2021 The Chairman & Managing Director All Scheduled Commercial Banks,(Excluding RRBs)Designated Post OfficesStock Holding Corporation of India Ltd.(SHCIL)National Stock Exchange of India Ltd, Bombay Stock Exchange LtdClearing Corporation of India Limited. Madam/Dear Sir, Sovereign Gold Bond Scheme (SGB) 2021-22 - Series VII/VIII/IX/X Government of India has vide its Notification No F.No4.(5)-B (W&
RBI/2021-2022/113 IDMD.CDD.No.1087/14.04.050/2021-22 October 22, 2021 The Chairman & Managing Director All Scheduled Commercial Banks,(Excluding RRBs)Designated Post OfficesStock Holding Corporation of India Ltd.(SHCIL)National Stock Exchange of India Ltd, Bombay Stock Exchange LtdClearing Corporation of India Limited. Madam/Dear Sir, Sovereign Gold Bond Scheme (SGB) 2021-22 - Series VII/VIII/IX/X Government of India has vide its Notification No F.No4.(5)-B (W&
Oct 22, 2021
Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs
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/2021-22/112 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
Oct 14, 2021
Data Format for Furnishing of Credit Information to Credit Information Companies
RBI/2021-22/111 DoR.FIN.REC.59/20.16.056/2021-22 October 14, 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-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies Madam/Dear Sir, Data Format for Fu
RBI/2021-22/111 DoR.FIN.REC.59/20.16.056/2021-22 October 14, 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-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) All Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information Companies Madam/Dear Sir, Data Format for Fu
Oct 13, 2021
Foreign Exchange Management (Debt Instruments) (First Amendment) Regulations, 2021
RESERVE BANK OF INDIA (Financial Markets Regulation Department) CENTRAL OFFICE NOTIFICATION MUMBAI, the 13th October, 2021 Foreign Exchange Management (Debt Instruments) (First Amendment) Regulations, 2021 No. FEMA.396(1)/2021-RB. — In exercise of the powers conferred by clause (a) of sub-section (2) of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 (Notification No. FEMA.396/2019-RB dated October 17, 2019) (hereinafter referred to as 'the Principal Regulation')
RESERVE BANK OF INDIA (Financial Markets Regulation Department) CENTRAL OFFICE NOTIFICATION MUMBAI, the 13th October, 2021 Foreign Exchange Management (Debt Instruments) (First Amendment) Regulations, 2021 No. FEMA.396(1)/2021-RB. — In exercise of the powers conferred by clause (a) of sub-section (2) of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 (Notification No. FEMA.396/2019-RB dated October 17, 2019) (hereinafter referred to as 'the Principal Regulation')
Oct 08, 2021
Priority Sector Lending- Banks’ lending to NBFCs for on-lending - Extension of facility
RBI/2021-22/110 FIDD.CO.Plan.BC.No.15/04.09.01/2021-22 October 8, 2021 The Chairman/ Managing Director Chief Executive Officer All Scheduled Commercial Banks (Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks) Dear Sir/Madam, Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility Please refer to para 22 of Master Directions (MD) on PSL dated September 04, 2020 (updated as on June 11, 202
RBI/2021-22/110 FIDD.CO.Plan.BC.No.15/04.09.01/2021-22 October 8, 2021 The Chairman/ Managing Director Chief Executive Officer All Scheduled Commercial Banks (Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks) Dear Sir/Madam, Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility Please refer to para 22 of Master Directions (MD) on PSL dated September 04, 2020 (updated as on June 11, 202
Oct 07, 2021
Inclusion of “Paytm Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
RBI/2021-22/109 DOR.RET.REC.58/12.07.160/2021-22 October 07, 2021 All Scheduled Commercial Banks Madam/Sir Inclusion of “Paytm Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 We advise that “Paytm Payments Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide notification DoR.LIC.No.S926/16.03.006/2021-22 dated September 06, 2021 and published in the Gazette of India (Part III - Section
RBI/2021-22/109 DOR.RET.REC.58/12.07.160/2021-22 October 07, 2021 All Scheduled Commercial Banks Madam/Sir Inclusion of “Paytm Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934 We advise that “Paytm Payments Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide notification DoR.LIC.No.S926/16.03.006/2021-22 dated September 06, 2021 and published in the Gazette of India (Part III - Section
Oct 05, 2021
Value Free Transfer (VFT) of Government Securities - Guidelines
RBI/2021-22/108 IDMD.CDD.No.S930/11.22.003/2021-22 October 5, 2021 All SGL/CSGL Account holders Madam/Sir, Value Free Transfer (VFT) of Government Securities – Guidelines A reference is invited to Notification No.78 dated November 16, 2018 on Value Free Transfer (VFT) of Government Securities – Guidelines under which separate guidelines for VFT were issued to enable more efficient operations in the Government securities market. On a review, it has been decided to issu
RBI/2021-22/108 IDMD.CDD.No.S930/11.22.003/2021-22 October 5, 2021 All SGL/CSGL Account holders Madam/Sir, Value Free Transfer (VFT) of Government Securities – Guidelines A reference is invited to Notification No.78 dated November 16, 2018 on Value Free Transfer (VFT) of Government Securities – Guidelines under which separate guidelines for VFT were issued to enable more efficient operations in the Government securities market. On a review, it has been decided to issu
Oct 05, 2021
Revised Subsidiary General Ledger (SGL) Account Guidelines and Constituents' Subsidiary General Ledger (CSGL) Account Guidelines
RBI/2021-22/107 IDMD.CDD.No.S931/11.22.001/2021-2022 October 5, 2021 All SGL/CSGL Holders Madam/Sir, Revised Subsidiary General Ledger (SGL) Account Guidelines and Constituents' Subsidiary General Ledger (CSGL) Account Guidelines In exercise of powers conferred by Section 4 of Government Securities Act 2006, Reserve Bank of India has issued and gazetted revised Eligibility Criteria and Operational Guidelines for opening and maintaining of Subsidiary General Ledger (SG
RBI/2021-22/107 IDMD.CDD.No.S931/11.22.001/2021-2022 October 5, 2021 All SGL/CSGL Holders Madam/Sir, Revised Subsidiary General Ledger (SGL) Account Guidelines and Constituents' Subsidiary General Ledger (CSGL) Account Guidelines In exercise of powers conferred by Section 4 of Government Securities Act 2006, Reserve Bank of India has issued and gazetted revised Eligibility Criteria and Operational Guidelines for opening and maintaining of Subsidiary General Ledger (SG
Oct 04, 2021
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
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/2021-22/106 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
Oct 04, 2021
Enhancement in family pension of employees of banks - Treatment of additional liability
RBI/2021-22/105 DOR.ACC.REC.57/21.04.018/2021-22 October 4, 2021 All Member Banks of the Indian Banks’ Association covered under the 11th Bipartite Settlement and Joint Note dated November 11, 2020 Madam / Sir, Enhancement in family pension of employees of banks - Treatment of additional liability The Indian Banks’ Association (IBA) has approached us for the amortisation of the increased expenditure resulting from the revision in family pension for employees of its me
RBI/2021-22/105 DOR.ACC.REC.57/21.04.018/2021-22 October 4, 2021 All Member Banks of the Indian Banks’ Association covered under the 11th Bipartite Settlement and Joint Note dated November 11, 2020 Madam / Sir, Enhancement in family pension of employees of banks - Treatment of additional liability The Indian Banks’ Association (IBA) has approached us for the amortisation of the increased expenditure resulting from the revision in family pension for employees of its me
Sep 30, 2021
Exim Bank's Government of India supported Line of Credit (LoC) of USD 100 million to the Government of Democratic Socialist Republic of Sri Lanka
RBI/2021-2022/103 A.P. (DIR Series) Circular No.15 September 30, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 100 million to the Government of Democratic Socialist Republic of Sri Lanka Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 16, 2021 with the Government of the Democratic Socialist Republic of Sri Lanka (Borrower), for making available to the latt
RBI/2021-2022/103 A.P. (DIR Series) Circular No.15 September 30, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 100 million to the Government of Democratic Socialist Republic of Sri Lanka Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 16, 2021 with the Government of the Democratic Socialist Republic of Sri Lanka (Borrower), for making available to the latt
Sep 30, 2021
Exim Bank's Government of India supported Line of Credit (LoC) of USD 15 million to the Government of the Republic of Sierra Leone
RBI/2021-2022/102 A.P. (DIR Series) Circular No.14 September 30, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 15 million to the Government of the Republic of Sierra Leone Export-Import Bank of India (Exim Bank) has entered into an agreement dated December 17, 2020 with the Government of the Republic of Sierra Leone, for making available to the latter, Government of India supported Line of
RBI/2021-2022/102 A.P. (DIR Series) Circular No.14 September 30, 2021 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank's Government of India supported Line of Credit (LoC) of USD 15 million to the Government of the Republic of Sierra Leone Export-Import Bank of India (Exim Bank) has entered into an agreement dated December 17, 2020 with the Government of the Republic of Sierra Leone, for making available to the latter, Government of India supported Line of
Sep 28, 2021
Use of any Alternative reference rate in place of LIBOR for interest payable in respect of export / import transactions
RBI/2021-2022/101 A.P. (DIR Series) Circular No.13 September 28, 2021 To All Category-I Authorised Dealer Banks Use of any Alternative reference rate in place of LIBOR for interest payable in respect of export / import transactions Attention of Authorised Dealer Category– I banks (AD banks) is invited to extant Regulation 15 of Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 notified vide FEMA 23(R)/2015-RB dated January 12, 2016 and var
RBI/2021-2022/101 A.P. (DIR Series) Circular No.13 September 28, 2021 To All Category-I Authorised Dealer Banks Use of any Alternative reference rate in place of LIBOR for interest payable in respect of export / import transactions Attention of Authorised Dealer Category– I banks (AD banks) is invited to extant Regulation 15 of Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 notified vide FEMA 23(R)/2015-RB dated January 12, 2016 and var
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