Notifications - Regulating Commercial Banking - RBI - Reserve Bank of India
Notifications
Dec 15, 2016
Compliance to provisions of Master Direction on Know Your Customer (KYC)
RBI/2016-17/183 DBR.AML.BC.48/14.01.01/2016-17 December 15, 2016 All Regulated Entities Dear Sir/Madam, Compliance to provisions of Master Direction on Know Your Customer (KYC) A reference may be made to the following provisions of the Master Direction on Know Your Customer (KYC): (i) Section 8(d) and (e), wherein it is mentioned that concurrent/internal audit system of the Regulated Entities (REs) has to verify the compliance with KYC/AML policies and procedures and
RBI/2016-17/183 DBR.AML.BC.48/14.01.01/2016-17 December 15, 2016 All Regulated Entities Dear Sir/Madam, Compliance to provisions of Master Direction on Know Your Customer (KYC) A reference may be made to the following provisions of the Master Direction on Know Your Customer (KYC): (i) Section 8(d) and (e), wherein it is mentioned that concurrent/internal audit system of the Regulated Entities (REs) has to verify the compliance with KYC/AML policies and procedures and
PDF (
Dec 13, 2016
Preservation of CCTV recordings
RBI/2016-17/181 DCM (Plg) No. 1712/10.27.00/2016-17 December 13, 2016 The Chairman & Managing DirectorChief Executive OfficersAll Banks Dear Sir, Preservation of CCTV recordings Please refer to paragraph (5) of our circular DCM (FNVD) No.1134/16.01.05/2016-17 dated October 27, 2016 wherein it was stated that in order to facilitate identification of people abetting circulation of counterfeit notes, banks are advised to cover the banking hall/area and counters under
RBI/2016-17/181 DCM (Plg) No. 1712/10.27.00/2016-17 December 13, 2016 The Chairman & Managing DirectorChief Executive OfficersAll Banks Dear Sir, Preservation of CCTV recordings Please refer to paragraph (5) of our circular DCM (FNVD) No.1134/16.01.05/2016-17 dated October 27, 2016 wherein it was stated that in order to facilitate identification of people abetting circulation of counterfeit notes, banks are advised to cover the banking hall/area and counters under
Dec 12, 2016
Distribution of Mahatma Gandhi (New) Series Banknotes - Records
RBI/2016-17/180DCM (Plg) No. 1683/10.27.00/2016-17 December 12, 2016 The Chairman / Managing Director/ Chief Executive Officer(All banks maintaining currency chests) Dear Sir, Distribution of Mahatma Gandhi (New) Series Banknotes – Records Please refer to our circular DCM (RMMT) No. G-5/11.01.01/2016-17 dated July 15, 2016 on Receipt and Remittance of Treasure. 2. In the wake of reported seizures by Income Tax Department and other law enforcement agencies of large qua
RBI/2016-17/180DCM (Plg) No. 1683/10.27.00/2016-17 December 12, 2016 The Chairman / Managing Director/ Chief Executive Officer(All banks maintaining currency chests) Dear Sir, Distribution of Mahatma Gandhi (New) Series Banknotes – Records Please refer to our circular DCM (RMMT) No. G-5/11.01.01/2016-17 dated July 15, 2016 on Receipt and Remittance of Treasure. 2. In the wake of reported seizures by Income Tax Department and other law enforcement agencies of large qua
Dec 12, 2016
Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting
RBI/2016-17/179 DCM (Plg) No. 1679/10.27.00/2016-17 December 12, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional RuralBanks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting Please refer our circulars DCM (Plg) No.1264/10.27.00/2016-17 and DCM (Plg) No.1291/10.27.00/2016-17 dated November 11, 2016 and N
RBI/2016-17/179 DCM (Plg) No. 1679/10.27.00/2016-17 December 12, 2016 The Chairman / Managing Director/ Chief Executive Officer,Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional RuralBanks / Urban Cooperative Banks/ State Cooperative Banks Dear Sir, Detection of counterfeit notes in Specified Bank Notes (SBNs) - Reporting Please refer our circulars DCM (Plg) No.1264/10.27.00/2016-17 and DCM (Plg) No.1291/10.27.00/2016-17 dated November 11, 2016 and N
Dec 08, 2016
Amendment to Master Direction on Know Your Customer
RBI/2016-17/177 DBR.AML.BC.47/14.01.01/2016-17 December 8, 2016 All Regulated Entities Dear Sir/Madam, Amendment to Master Direction on Know Your Customer In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, it has been decided to make certain amendments to the Master Direction on Know Your Customer (KYC). The two major changes being notified are as under: It has been decided to allow One Time Pin (OTP) based e-KYC subject to cert
RBI/2016-17/177 DBR.AML.BC.47/14.01.01/2016-17 December 8, 2016 All Regulated Entities Dear Sir/Madam, Amendment to Master Direction on Know Your Customer In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, it has been decided to make certain amendments to the Master Direction on Know Your Customer (KYC). The two major changes being notified are as under: It has been decided to allow One Time Pin (OTP) based e-KYC subject to cert
Dec 08, 2016
Amendment to Master Direction (MD) on KYC
RBI/2016-17/176 DBR.AML.BC. No. 18/14.01.001/2016-17 December 8, 2016 All Regulated Entities (REs) Dear Sir/Madam, Amendment to Master Direction (MD) on KYC In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949 and section 35A read with section 56 of that Act, Rule 9 (14) of the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 and all other laws enabling the Reserve Bank in this behalf, the Reserve Bank makes the
RBI/2016-17/176 DBR.AML.BC. No. 18/14.01.001/2016-17 December 8, 2016 All Regulated Entities (REs) Dear Sir/Madam, Amendment to Master Direction (MD) on KYC In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949 and section 35A read with section 56 of that Act, Rule 9 (14) of the Prevention of Money Laundering (Maintenance of Records) Rules, 2005 and all other laws enabling the Reserve Bank in this behalf, the Reserve Bank makes the
Dec 07, 2016
Reserve Bank of India Act, 1934 - Section 42(1A) Withdrawal of the Incremental CRR
RBI/2016-17/174 DBR.No.Ret.BC.46/12.01.001/2016-17 December 7, 2016 The Chairperson / CEOs of all Scheduled Commercial Banks/ Regional Rural Banks / All Scheduled Primary (Urban) Co-operative Banks / All Scheduled State Co-operative Banks Dear Sir, Reserve Bank of India Act, 1934 – Section 42(1A)Withdrawal of the Incremental CRR Please refer to our circular DBR.No.Ret.BC.41/12.01.001/2016-17 dated November 26, 2016 whereby all scheduled banks were required to maintain
RBI/2016-17/174 DBR.No.Ret.BC.46/12.01.001/2016-17 December 7, 2016 The Chairperson / CEOs of all Scheduled Commercial Banks/ Regional Rural Banks / All Scheduled Primary (Urban) Co-operative Banks / All Scheduled State Co-operative Banks Dear Sir, Reserve Bank of India Act, 1934 – Section 42(1A)Withdrawal of the Incremental CRR Please refer to our circular DBR.No.Ret.BC.41/12.01.001/2016-17 dated November 26, 2016 whereby all scheduled banks were required to maintain
Dec 06, 2016
Requirement of customer due diligence and need for maintenance of records
RBI/2016-17/173 DBR.AML.BC.No.44/14.01.001/2016-17 December 06, 2016 All Regulated Entities (REs) Dear Sir/Madam, Requirement of customer due diligence and need for maintenance of records It has been reported that, of late, a lot of customers are approaching banks for re-activation of dormant accounts. 2. In this regard, we invite attention to paragraph 24.2 (ix) of the Master Circular on ‘Customer Services in Banks’ dated July 1, 2015, requiring that operation in dor
RBI/2016-17/173 DBR.AML.BC.No.44/14.01.001/2016-17 December 06, 2016 All Regulated Entities (REs) Dear Sir/Madam, Requirement of customer due diligence and need for maintenance of records It has been reported that, of late, a lot of customers are approaching banks for re-activation of dormant accounts. 2. In this regard, we invite attention to paragraph 24.2 (ix) of the Master Circular on ‘Customer Services in Banks’ dated July 1, 2015, requiring that operation in dor
Dec 01, 2016
Financing of Infrastructure - ‘Definition of 'Infrastructure Lending'
RBI/2016-17/168 DBR.BP.BC.No.42/08.12.014/2016-17 December 1, 2016 All Scheduled Commercial Banks (Excluding RRBs) All India Term-Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Madam/Dear Sir, Financing of Infrastructure – ‘Definition of 'Infrastructure Lending' Please refer to our circular DBOD.BP.BC.No.66/08.12.014/2013-14 November 25, 2013 on 'Definition of Infrastructure Lending' harmonising the RBI definition of Infrastructure Lending wit
RBI/2016-17/168 DBR.BP.BC.No.42/08.12.014/2016-17 December 1, 2016 All Scheduled Commercial Banks (Excluding RRBs) All India Term-Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Madam/Dear Sir, Financing of Infrastructure – ‘Definition of 'Infrastructure Lending' Please refer to our circular DBOD.BP.BC.No.66/08.12.014/2013-14 November 25, 2013 on 'Definition of Infrastructure Lending' harmonising the RBI definition of Infrastructure Lending wit
Dec 01, 2016
Large Exposures Framework
RBI/2016-17/167 DBR.No.BP.BC.43/21.01.003/2016-17 December 01, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam/Dear Sir, Large Exposures Framework Please refer to the paragraph 3 of the Statement on Developmental and Regulatory Policies issued by RBI on October 4, 2016 (extract enclosed). It was indicated therein that RBI will issue final guidelines on Large Exposures Framework (LEF) by end-October, 2016. Accordingly, the final guidelines ar
RBI/2016-17/167 DBR.No.BP.BC.43/21.01.003/2016-17 December 01, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Madam/Dear Sir, Large Exposures Framework Please refer to the paragraph 3 of the Statement on Developmental and Regulatory Policies issued by RBI on October 4, 2016 (extract enclosed). It was indicated therein that RBI will issue final guidelines on Large Exposures Framework (LEF) by end-October, 2016. Accordingly, the final guidelines ar
Install the RBI mobile application and get quick access to the latest news!
Page Last Updated on: November 06, 2024
