Notifications - Regulating Commercial Banking - RBI - Reserve Bank of India
Notifications
Nov 03, 2016
Issue of Rupee Denominated Bonds overseas
RBI/2016-17/108 DBR.BP.BC.No.28 /21.06.001/2016-17 November 03, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Issue of Rupee Denominated Bonds overseas Please refer to A.P. (DIR Series) Circular No.14 dated November 03, 2016 on issue of rupee denominated bonds overseas by Indian banks. 2. We advise that banks are permitted to raise funds through issuance of rupee denominated bonds overseas for the following purposes: Perpetual Debt Ins
RBI/2016-17/108 DBR.BP.BC.No.28 /21.06.001/2016-17 November 03, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Issue of Rupee Denominated Bonds overseas Please refer to A.P. (DIR Series) Circular No.14 dated November 03, 2016 on issue of rupee denominated bonds overseas by Indian banks. 2. We advise that banks are permitted to raise funds through issuance of rupee denominated bonds overseas for the following purposes: Perpetual Debt Ins
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Oct 20, 2016
Grant of ‘Certificate of Registration’ - For carrying on the business of credit information - Experian Credit Information Company of India Private Limited (ECICI)
RBI/2016-17/94 DBR.CID.BC.27/20.16.040/2016-17 October 20, 2016 All Credit Institutions Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of credit information – Experian Credit Information Company of India Private Limited (ECICI) Please refer to our circular DBOD.No.Dl.15214/20.16.042/2009-10 dated March 04, 2010 regarding grant of ‘Certificate of Registration’ to Experian Credit Information Company of India Private Limited (ECICI
RBI/2016-17/94 DBR.CID.BC.27/20.16.040/2016-17 October 20, 2016 All Credit Institutions Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of credit information – Experian Credit Information Company of India Private Limited (ECICI) Please refer to our circular DBOD.No.Dl.15214/20.16.042/2009-10 dated March 04, 2010 regarding grant of ‘Certificate of Registration’ to Experian Credit Information Company of India Private Limited (ECICI
Oct 20, 2016
Risk Weights for exposures to HFCs
RBI/2016-17/95 DBR.BP.BC.No.20/21.06.001/2016-17 October 20, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Risk Weights for exposures to HFCs It has been observed that there is a lack of uniformity among banks in the application of risk weights on their exposures to Housing Finance Companies (HFCs). 2. The matter of risk weights prescribed in respect of banks’ exposures to HFCs has been examined and it is advised that exposures to all
RBI/2016-17/95 DBR.BP.BC.No.20/21.06.001/2016-17 October 20, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Risk Weights for exposures to HFCs It has been observed that there is a lack of uniformity among banks in the application of risk weights on their exposures to Housing Finance Companies (HFCs). 2. The matter of risk weights prescribed in respect of banks’ exposures to HFCs has been examined and it is advised that exposures to all
Oct 13, 2016
Section 24 and Section 56 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR)
RBI/2016-17/83 DBR.No.Ret.BC.15/12.02.001/2016-17 October 13, 2016 All Commercial Banks, Primary (Urban) Co-operative Banks (UCBs),State and Central Co-operative Banks (StCBs/CCBs) Dear Sir, Section 24 and Section 56 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR) Please refer to circulars DBR.Ret.BC.64/12.01.001/2015-16 dated December 10, 2015, on maintenance of Statutory Liquidity Ratio under Section 24 and Section 56 of the Bank
RBI/2016-17/83 DBR.No.Ret.BC.15/12.02.001/2016-17 October 13, 2016 All Commercial Banks, Primary (Urban) Co-operative Banks (UCBs),State and Central Co-operative Banks (StCBs/CCBs) Dear Sir, Section 24 and Section 56 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR) Please refer to circulars DBR.Ret.BC.64/12.01.001/2015-16 dated December 10, 2015, on maintenance of Statutory Liquidity Ratio under Section 24 and Section 56 of the Bank
Oct 06, 2016
Operating Guidelines for Payments Banks
RBI/2016-17/80 DBR.NBD.No.25/16.13.218/2016-17 October 6, 2016 Chief Executive Officers of Payments Banks Madam / Dear Sir, Operating Guidelines for Payments Banks Please refer to the Guidelines for Licensing of Payments Banks (‘Licensing Guidelines’) dated November 27, 2014, under which in-principle approvals/ licences were issued to the applicants for setting up of the payments banks. 2. The need for separate Operating Guidelines for payments banks was examined, con
RBI/2016-17/80 DBR.NBD.No.25/16.13.218/2016-17 October 6, 2016 Chief Executive Officers of Payments Banks Madam / Dear Sir, Operating Guidelines for Payments Banks Please refer to the Guidelines for Licensing of Payments Banks (‘Licensing Guidelines’) dated November 27, 2014, under which in-principle approvals/ licences were issued to the applicants for setting up of the payments banks. 2. The need for separate Operating Guidelines for payments banks was examined, con
Oct 06, 2016
Operating Guidelines for Small Finance Banks
RBI/2016-17/81 DBR.NBD.No.26/16.13.218/2016-17 October 6, 2016 Chief Executive Officers of Small Finance Banks Madam / Dear Sir, Operating Guidelines for Small Finance Banks Please refer to the Guidelines for Licensing of Small Finance Banks (‘Licensing Guidelines’) dated November 27, 2014, under which in-principle approvals / licences were issued to the applicants for setting up of the small finance banks. 2. The need for separate Operating Guidelines for small finan
RBI/2016-17/81 DBR.NBD.No.26/16.13.218/2016-17 October 6, 2016 Chief Executive Officers of Small Finance Banks Madam / Dear Sir, Operating Guidelines for Small Finance Banks Please refer to the Guidelines for Licensing of Small Finance Banks (‘Licensing Guidelines’) dated November 27, 2014, under which in-principle approvals / licences were issued to the applicants for setting up of the small finance banks. 2. The need for separate Operating Guidelines for small finan
Oct 04, 2016
Change in Bank Rate
RBI/2016-17/74 DBR.No.Ret.BC.19/12.01.001/2016-17 October 04, 2016 The Chairperson / CEOs of all Scheduled and Non-Scheduled Banks, Dear Sir, Change in Bank Rate Please refer to circular DBR.No.Ret.BC.90/12.01.001/2015-16 dated April 05, 2016 on the captioned subject. 2. As announced in the Fourth Bi-Monthly Monetary Policy Statement 2016-17 dated October 04, 2016, the Bank Rate stands adjusted by 25 basis points from 7.00 per cent to 6.75 per cent with effect from Oc
RBI/2016-17/74 DBR.No.Ret.BC.19/12.01.001/2016-17 October 04, 2016 The Chairperson / CEOs of all Scheduled and Non-Scheduled Banks, Dear Sir, Change in Bank Rate Please refer to circular DBR.No.Ret.BC.90/12.01.001/2015-16 dated April 05, 2016 on the captioned subject. 2. As announced in the Fourth Bi-Monthly Monetary Policy Statement 2016-17 dated October 04, 2016, the Bank Rate stands adjusted by 25 basis points from 7.00 per cent to 6.75 per cent with effect from Oc
Sep 29, 2016
Grant of ‘Certificate of Registration’ - For carrying on the business of Credit Information - Transunion CIBIL Limited
RBI/2016-17/69 DBR.CID.BC.16/20.16.040/2016-17 September 29, 2016 All Credit Institutions Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of Credit Information – Transunion CIBIL Limited Please refer to our circular DBOD.No.CID.BC.84/20.16.042/2011-12 dated March 05, 2012 regarding grant of ‘Certificate of Registration’ to Credit Information Bureau (India) Limited. 2. The Company has since changed its name. Accordingly, we have i
RBI/2016-17/69 DBR.CID.BC.16/20.16.040/2016-17 September 29, 2016 All Credit Institutions Dear Sir / Madam Grant of ‘Certificate of Registration’ – For carrying on the business of Credit Information – Transunion CIBIL Limited Please refer to our circular DBOD.No.CID.BC.84/20.16.042/2011-12 dated March 05, 2012 regarding grant of ‘Certificate of Registration’ to Credit Information Bureau (India) Limited. 2. The Company has since changed its name. Accordingly, we have i
Sep 29, 2016
Publishing of photographs of Wilful defaulters
RBI/2016-17/71 DBR.CID. BC. No.17/20.16.003/2016-17 September 29, 2016 The Chairmen / Chief Executive Officers ofAll Scheduled Commercial banks (including RRBs),All India Financial institutions (EXIM Bank, NHB, NABARD and SIDBI) Dear Sir/Madam Publishing of photographs of Wilful defaulters Please refer to our Master Circular on Wilful Defaulters DBR.CID.BC.No.22/20.16.003/2015-16 dated July 1, 2015 inter alia outlining the penal measures that should be taken by lendin
RBI/2016-17/71 DBR.CID. BC. No.17/20.16.003/2016-17 September 29, 2016 The Chairmen / Chief Executive Officers ofAll Scheduled Commercial banks (including RRBs),All India Financial institutions (EXIM Bank, NHB, NABARD and SIDBI) Dear Sir/Madam Publishing of photographs of Wilful defaulters Please refer to our Master Circular on Wilful Defaulters DBR.CID.BC.No.22/20.16.003/2015-16 dated July 1, 2015 inter alia outlining the penal measures that should be taken by lendin
Sep 08, 2016
Income Declaration Scheme, 2016 - Acceptance of Cash Over the Counter
RBI/2016-17/62 DBR.No.Leg.BC. 13/09.07.005/2016-17 September 8, 2016 The Managing Directors/Chief Executive Officers All Scheduled Commercial Banks (including RRBs) Dear Sir, Income Declaration Scheme, 2016 – Acceptance of Cash Over the Counter Please refer to the Circular DBOD.No.Leg.BC.38/09.07.005/2008-09 dated August 28, 2008 wherein banks have been advised to ensure that their branches invariably accept cash from all their customers who desire to deposit cash at
RBI/2016-17/62 DBR.No.Leg.BC. 13/09.07.005/2016-17 September 8, 2016 The Managing Directors/Chief Executive Officers All Scheduled Commercial Banks (including RRBs) Dear Sir, Income Declaration Scheme, 2016 – Acceptance of Cash Over the Counter Please refer to the Circular DBOD.No.Leg.BC.38/09.07.005/2008-09 dated August 28, 2008 wherein banks have been advised to ensure that their branches invariably accept cash from all their customers who desire to deposit cash at
Sep 01, 2016
Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch Authorisation - Census data 2011
RBI/2016-17/60 DBR.No.BAPD.BC.12/22.01.001/2016-17 September 1, 2016 All Commercial Banks (excluding RRBs)/ (Including Small Finance Banks and Payments Banks) Madam/Dear Sir, Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch Authorisation - Census data 2011 Please refer to our Master circular on Branch Authorisation DBOD.No.BAPD.BC.7/22.01.001/2014-15 dated July 1, 2014 wherein Tier-wise population groups, List of Underbanked Districts and Lis
RBI/2016-17/60 DBR.No.BAPD.BC.12/22.01.001/2016-17 September 1, 2016 All Commercial Banks (excluding RRBs)/ (Including Small Finance Banks and Payments Banks) Madam/Dear Sir, Section 23 of the Banking Regulation Act, 1949 - Master Circular on Branch Authorisation - Census data 2011 Please refer to our Master circular on Branch Authorisation DBOD.No.BAPD.BC.7/22.01.001/2014-15 dated July 1, 2014 wherein Tier-wise population groups, List of Underbanked Districts and Lis
Sep 01, 2016
Guidelines on Sale of Stressed Assets by Banks
RBI/2016-17/56 DBR.No.BP.BC.9/21.04.048/2016-17 September 1, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Guidelines on Sale of Stressed Assets by Banks The Reserve Bank of India, as part of the Framework for Revitalising Distressed Assets in the Economy, had amended certain guidelines relating to sale of non-performing assets (NPAs) by banks to Securitisation Companies (SCs)/ Reconstruction Companies (RCs) (created under the Securiti
RBI/2016-17/56 DBR.No.BP.BC.9/21.04.048/2016-17 September 1, 2016 All Scheduled Commercial Banks (Excluding Regional Rural Banks) Dear Sir, Guidelines on Sale of Stressed Assets by Banks The Reserve Bank of India, as part of the Framework for Revitalising Distressed Assets in the Economy, had amended certain guidelines relating to sale of non-performing assets (NPAs) by banks to Securitisation Companies (SCs)/ Reconstruction Companies (RCs) (created under the Securiti
Sep 01, 2016
Free Annual Credit Report to Individuals
RBI/2016-17/58 DBR.CID.BC.No.11/20.16.042/2016-17 September 1, 2016 All Credit Information Companies Dear Sir/Madam Free Annual Credit Report to Individuals As you are aware, the Committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies (Chairman: Shri Aditya Puri) constituted by the Reserve Bank of India (RBI) had recommended that each customer of a credit institution should be provided one base level consumer Credit Info
RBI/2016-17/58 DBR.CID.BC.No.11/20.16.042/2016-17 September 1, 2016 All Credit Information Companies Dear Sir/Madam Free Annual Credit Report to Individuals As you are aware, the Committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies (Chairman: Shri Aditya Puri) constituted by the Reserve Bank of India (RBI) had recommended that each customer of a credit institution should be provided one base level consumer Credit Info
Aug 25, 2016
Risk- based Internal Audit
RBI/2016-17/46 DBS.CO.PPD.05/11.01.005/2016-17 August 25, 2016 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Risk- based Internal Audit Please refer to our circular DBS.CO.PP.BC.10/11.01.005/2002-03 dated December 27, 2002 on Risk-based Internal Audit setting out the scope and coverage of Risk-based Internal Audit (RBIA) system in commercial banks. In this connection some banks have represented to us seeking approval for engaging services of retired
RBI/2016-17/46 DBS.CO.PPD.05/11.01.005/2016-17 August 25, 2016 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Risk- based Internal Audit Please refer to our circular DBS.CO.PP.BC.10/11.01.005/2002-03 dated December 27, 2002 on Risk-based Internal Audit setting out the scope and coverage of Risk-based Internal Audit (RBIA) system in commercial banks. In this connection some banks have represented to us seeking approval for engaging services of retired
Aug 25, 2016
Guidelines on Enhancing Credit Supply for Large Borrowers through Market Mechanism
RBI/2016-17/50 DBR.BP.BC.No.8/21.01.003/2016-17 August 25, 2016 All Scheduled Commercial Banks (excluding RRBs) Guidelines on Enhancing Credit Supply for Large Borrowers through Market Mechanism Please refer to the Discussion Paper on the captioned subject issued on May 12, 2016 for comments of the stakeholders. The Discussion Paper proposed a framework for addressing the concentration risk of the banking system arising from its exposures towards a single counterparty
RBI/2016-17/50 DBR.BP.BC.No.8/21.01.003/2016-17 August 25, 2016 All Scheduled Commercial Banks (excluding RRBs) Guidelines on Enhancing Credit Supply for Large Borrowers through Market Mechanism Please refer to the Discussion Paper on the captioned subject issued on May 12, 2016 for comments of the stakeholders. The Discussion Paper proposed a framework for addressing the concentration risk of the banking system arising from its exposures towards a single counterparty
Aug 25, 2016
Partial Credit Enhancement (PCE) to Corporate Bonds
RBI/2016-17/43 DBR.BP.BC.No.5/21.04.142/2016-17 August 25, 2016 All Scheduled Commercial Banks(excluding RRBs) Partial Credit Enhancement (PCE) to Corporate Bonds Please refer to the circular DBR.BP.BC.No.40/21.04.142/2015-16 dated September 24, 2015 on the captioned subject. 2. In terms of para II.6 of the above-mentioned circular, the aggregate exposure limit of all banks towards the PCE for a given bond issue has been capped at 20 per cent of the bond issue size. O
RBI/2016-17/43 DBR.BP.BC.No.5/21.04.142/2016-17 August 25, 2016 All Scheduled Commercial Banks(excluding RRBs) Partial Credit Enhancement (PCE) to Corporate Bonds Please refer to the circular DBR.BP.BC.No.40/21.04.142/2015-16 dated September 24, 2015 on the captioned subject. 2. In terms of para II.6 of the above-mentioned circular, the aggregate exposure limit of all banks towards the PCE for a given bond issue has been capped at 20 per cent of the bond issue size. O
Aug 25, 2016
Review of Prudential Norms -Risk Weights for Exposures to Corporates, AFCs and NBFC-IFCs
RBI/2016-17/44 DBR.No.BP.BC.6/21.06.001/2016-17 August 25, 2016 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Review of Prudential Norms –Risk Weights for Exposures to Corporates, AFCs and NBFC-IFCs Please refer to para 5.8 of Master Circular on Basel III capital regulations dated July 1, 2015 on exposures to the captioned entities. At present unrated exposures to these entities attract a risk weight of 100 per ce
RBI/2016-17/44 DBR.No.BP.BC.6/21.06.001/2016-17 August 25, 2016 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Review of Prudential Norms –Risk Weights for Exposures to Corporates, AFCs and NBFC-IFCs Please refer to para 5.8 of Master Circular on Basel III capital regulations dated July 1, 2015 on exposures to the captioned entities. At present unrated exposures to these entities attract a risk weight of 100 per ce
Aug 25, 2016
Prudential Norms for Off-balance Sheet Exposures of Banks - Restructuring of derivative contracts
RBI/2016-17/45 DBR.No.BP.BC.7/21.04.157/2016-17 August 25, 2016 All Scheduled Commercial Banks (Excluding Local Area Banks andRegional Rural Banks) Dear Sir/Madam, Prudential Norms for Off-balance Sheet Exposures of Banks – Restructuring of derivative contracts Please refer to circular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008 on the captioned subject. Para 2.2 of the circular requires that in cases where a derivative contract is restructured, the mark
RBI/2016-17/45 DBR.No.BP.BC.7/21.04.157/2016-17 August 25, 2016 All Scheduled Commercial Banks (Excluding Local Area Banks andRegional Rural Banks) Dear Sir/Madam, Prudential Norms for Off-balance Sheet Exposures of Banks – Restructuring of derivative contracts Please refer to circular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008 on the captioned subject. Para 2.2 of the circular requires that in cases where a derivative contract is restructured, the mark
Aug 11, 2016
Capacity Building in Banks and AIFIs
RBI/2016-17/36 DBR.No.BP.BC.4/21.03.009/2016-17 August 11, 2016 All Commercial Banks and All India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) Madam / Sir, Capacity Building in Banks and AIFIs The Reserve Bank had constituted a ‘Committee on Capacity Building’ (July 2014) under the Chairmanship of former Executive Director, Shri G Gopalakrishna, with the objective of implementing non-legislative recommendations of the Financial Sector Legislative Reforms
RBI/2016-17/36 DBR.No.BP.BC.4/21.03.009/2016-17 August 11, 2016 All Commercial Banks and All India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) Madam / Sir, Capacity Building in Banks and AIFIs The Reserve Bank had constituted a ‘Committee on Capacity Building’ (July 2014) under the Chairmanship of former Executive Director, Shri G Gopalakrishna, with the objective of implementing non-legislative recommendations of the Financial Sector Legislative Reforms
Aug 04, 2016
Implementation of Indian Accounting Standards (Ind AS)
RBI/2016-17/34 RBI/2016-17/DBR.FID.No. 1/01.02.000/2016-17 August 04, 2016 All India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) Madam / Dear Sir, Implementation of Indian Accounting Standards (Ind AS) The Ministry of Corporate Affairs (MCA), Government of India has notified the Companies (Indian Accounting Standards) Rules, 2015 on February 16, 2015. A reference is also invited to the Press Release dated January 18, 2016 issued by the MCA outlining the
RBI/2016-17/34 RBI/2016-17/DBR.FID.No. 1/01.02.000/2016-17 August 04, 2016 All India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI) Madam / Dear Sir, Implementation of Indian Accounting Standards (Ind AS) The Ministry of Corporate Affairs (MCA), Government of India has notified the Companies (Indian Accounting Standards) Rules, 2015 on February 16, 2015. A reference is also invited to the Press Release dated January 18, 2016 issued by the MCA outlining the
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