Notifications - Regulating Commercial Banking - RBI - Reserve Bank of India
Notifications
Feb 22, 2021
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Deletion of two entries
RBI/2020-21/101 DOR.AML.BC.No.42/14.06.001/2020-21@@NBSP@@@@NBSP@@ February 22, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List – Deletion of two entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “Regulated Entities (REs)
RBI/2020-21/101 DOR.AML.BC.No.42/14.06.001/2020-21@@NBSP@@@@NBSP@@ February 22, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List – Deletion of two entries Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “Regulated Entities (REs)
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Feb 17, 2021
Capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure
RBI/2020-21/100 DOR.No.MRG.BC.41/21.06.200/2020-21 February 17, 2021 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure Please refer to our circular DBOD.No.BP.BC.116/21.06.200/2013-14 dated June 3, 2014 on capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure (UFCE). 2. The guidelines mandate that inform
RBI/2020-21/100 DOR.No.MRG.BC.41/21.06.200/2020-21 February 17, 2021 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure Please refer to our circular DBOD.No.BP.BC.116/21.06.200/2013-14 dated June 3, 2014 on capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure (UFCE). 2. The guidelines mandate that inform
Feb 05, 2021
Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)
RBI/2020-21/95 DOR.No.LRG.BC.40/21.04.098/2020-21 February 05, 2021 All Commercial Banks (excluding Regional Rural Banks,Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018 on Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)-Final Guidelines (‘NSFR Guidelines’) and circular DOR.BP.B
RBI/2020-21/95 DOR.No.LRG.BC.40/21.04.098/2020-21 February 05, 2021 All Commercial Banks (excluding Regional Rural Banks,Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our circular DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018 on Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)-Final Guidelines (‘NSFR Guidelines’) and circular DOR.BP.B
Feb 05, 2021
withdrawn
SLR holdings in HTM category
RBI/2020-21/94 DOR.No.MRG.BC.39/21.04.141/2020-21 February 5, 2021 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 4 of Statement on Developmental and Regulatory Policies dated February 5, 2021 and our circular DoR.No.BP.BC.22/21.04.141/2020-21 dated October 12, 2020 on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (HTM) category provided: the excess
RBI/2020-21/94 DOR.No.MRG.BC.39/21.04.141/2020-21 February 5, 2021 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 4 of Statement on Developmental and Regulatory Policies dated February 5, 2021 and our circular DoR.No.BP.BC.22/21.04.141/2020-21 dated October 12, 2020 on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (HTM) category provided: the excess
Feb 05, 2021
Credit to MSME Entrepreneurs
RBI/2020-21/92 DOR.No.Ret.BC.37/12.01.001/2020-21 February 05, 2021 All Scheduled Commercial Banks Dear Sir / Madam Credit to MSME Entrepreneurs In terms of paragraph 5 of the Statement on Developmental and Regulatory Policies of February 5, 2021, Scheduled Commercial Banks will be allowed to deduct the amount equivalent to credit disbursed to ‘New MSME borrowers’ from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR). For th
RBI/2020-21/92 DOR.No.Ret.BC.37/12.01.001/2020-21 February 05, 2021 All Scheduled Commercial Banks Dear Sir / Madam Credit to MSME Entrepreneurs In terms of paragraph 5 of the Statement on Developmental and Regulatory Policies of February 5, 2021, Scheduled Commercial Banks will be allowed to deduct the amount equivalent to credit disbursed to ‘New MSME borrowers’ from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio (CRR). For th
Feb 05, 2021
Basel III Capital Regulations- Review of transitional arrangements
RBI/2020-21/93 DOR.CAP.BC.No.34/21.06.201/2020-21 February 5, 2021 All Commercial Banks (Excluding Small Finance Banks, Payments Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations- Review of transitional arrangements Please refer to circular DOR.BP.BC.No.15/21.06.201/2020-21 dated September 29, 2020 on ‘Basel III Capital Regulations- Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19 and in order to aid in
RBI/2020-21/93 DOR.CAP.BC.No.34/21.06.201/2020-21 February 5, 2021 All Commercial Banks (Excluding Small Finance Banks, Payments Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations- Review of transitional arrangements Please refer to circular DOR.BP.BC.No.15/21.06.201/2020-21 dated September 29, 2020 on ‘Basel III Capital Regulations- Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19 and in order to aid in
Feb 05, 2021
Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR) - Marginal Standing Facility (MSF) - Extension of Relaxation
RBI/2020-21/91 DOR.No.Ret.BC.36/12.01.001/2020-21 February 05, 2021 All Scheduled Banks Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation Please refer to our circulars DOR.No.Ret.BC.52/12.01.001/2019-20 dated March 27, 2020, DOR.RRB.No.28/31.01.001/2020-21 dated December 4, 2020 and Press Release No.2020-2021/401 dated September 28, 2020 on Margi
RBI/2020-21/91 DOR.No.Ret.BC.36/12.01.001/2020-21 February 05, 2021 All Scheduled Banks Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation Please refer to our circulars DOR.No.Ret.BC.52/12.01.001/2019-20 dated March 27, 2020, DOR.RRB.No.28/31.01.001/2020-21 dated December 4, 2020 and Press Release No.2020-2021/401 dated September 28, 2020 on Margi
Feb 05, 2021
Maintenance of Cash Reserve Ratio (CRR)
RBI/2020-21/90 DOR.No.Ret.BC.35/12.01.001/2020-21 February 5, 2021 All Banks Dear Sir / Madam Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular DOR.No.Ret.BC.49/12.01.001/2019-20 dated March 27, 2020, on the captioned subject. The cash reserve ratio (CRR) of all banks was reduced by 100 basis points to 3.00 per cent of their Net Demand and Time liabilities (NDTL) effective from the reporting fortnight beginning March 28, 2020. The dispensation was a
RBI/2020-21/90 DOR.No.Ret.BC.35/12.01.001/2020-21 February 5, 2021 All Banks Dear Sir / Madam Maintenance of Cash Reserve Ratio (CRR) Please refer to our Circular DOR.No.Ret.BC.49/12.01.001/2019-20 dated March 27, 2020, on the captioned subject. The cash reserve ratio (CRR) of all banks was reduced by 100 basis points to 3.00 per cent of their Net Demand and Time liabilities (NDTL) effective from the reporting fortnight beginning March 28, 2020. The dispensation was a
Jan 27, 2021
Strengthening of Grievance Redress Mechanism in Banks
RBI/2020-21/87 CEPD.CO.PRD.Cir.No.01/13.01.013/2020-21 January 27, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam/Dear Sir, Strengthening of Grievance Redress Mechanism in Banks Please refer to the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated December 4, 2020, wherein it was stated that with a view to strengthen and improve the efficacy of the grievance redress mechanism of banks
RBI/2020-21/87 CEPD.CO.PRD.Cir.No.01/13.01.013/2020-21 January 27, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) Madam/Dear Sir, Strengthening of Grievance Redress Mechanism in Banks Please refer to the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy statement dated December 4, 2020, wherein it was stated that with a view to strengthen and improve the efficacy of the grievance redress mechanism of banks
Jan 27, 2021
Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies - CRISIL Ratings Limited
RBI/2020-21/86 DOR.No.CRE.BC.33/21.06.007/2020-21 January 27, 2021 All Scheduled Commercial Banks (Excluding Payment Banks, Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies – CRISIL Ratings Limited Please refer to the Master Circular DBR.No.BP.BC.4./21.06.001/2015-16 dated July 1, 2015 on 'Prudential Guidelines on Capital
RBI/2020-21/86 DOR.No.CRE.BC.33/21.06.007/2020-21 January 27, 2021 All Scheduled Commercial Banks (Excluding Payment Banks, Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) - Eligible Credit Rating Agencies – CRISIL Ratings Limited Please refer to the Master Circular DBR.No.BP.BC.4./21.06.001/2015-16 dated July 1, 2015 on 'Prudential Guidelines on Capital
Jan 25, 2021
Implementation of United Nations Security Council Resolution (UNSCR) - 1518 (2003) Sanctions Committee List - Updated UNSCR 1518 list and Removal of Two Individuals from the Sanctions List
RBI/2020-21/85 DOR.AML.No.32/14.06.001/2020-21 January 25, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of United Nations Security Council Resolution (UNSCR) - 1518 (2003) Sanctions Committee List – Updated UNSCR 1518 list and Removal of Two Individuals from the Sanctions List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “R
RBI/2020-21/85 DOR.AML.No.32/14.06.001/2020-21 January 25, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of United Nations Security Council Resolution (UNSCR) - 1518 (2003) Sanctions Committee List – Updated UNSCR 1518 list and Removal of Two Individuals from the Sanctions List Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on December 18, 2020, in terms of which “R
Jan 07, 2021
Risk Based Internal Audit (RBIA) Framework - Strengthening Governance arrangements
RBI/2020-21/83 Ref.No.DoS.CO.PPG./SEC.04/11.01.005/2020-21 January 07, 2021 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payments Banks Madam / Dear Sir, Risk Based Internal Audit (RBIA) Framework – Strengthening Governance arrangements In terms of the Guidance Note on Risk-Based Internal Audit issued by RBI vide circular DBS.CO.PP.BC.10/11.01.005/2002-03
RBI/2020-21/83 Ref.No.DoS.CO.PPG./SEC.04/11.01.005/2020-21 January 07, 2021 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payments Banks Madam / Dear Sir, Risk Based Internal Audit (RBIA) Framework – Strengthening Governance arrangements In terms of the Guidance Note on Risk-Based Internal Audit issued by RBI vide circular DBS.CO.PP.BC.10/11.01.005/2002-03
Dec 18, 2020
Amendment to Master Direction (MD) on KYC - Centralized KYC Registry - Roll out of Legal Entity Template & other changes
RBI/2020-21/80 DOR.AML.BC.No.31/14.01.001/2020-21 December 18, 2020 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Centralized KYC Registry – Roll out of Legal Entity Template & other changes Regulated Entities (REs) have been uploading the KYC data pertaining to all individual accounts opened on or after January 1, 2017 on to CKYCR in terms of the provisions of the Prevention of Money Laundering (M
RBI/2020-21/80 DOR.AML.BC.No.31/14.01.001/2020-21 December 18, 2020 The Chairpersons/ CEOs of all the Regulated Entities Dear Sir/Madam, Amendment to Master Direction (MD) on KYC – Centralized KYC Registry – Roll out of Legal Entity Template & other changes Regulated Entities (REs) have been uploading the KYC data pertaining to all individual accounts opened on or after January 1, 2017 on to CKYCR in terms of the provisions of the Prevention of Money Laundering (M
Dec 14, 2020
Opening of Current Accounts by Banks - Need for Discipline
RBI/2020-21/79 DOR.No.BP.BC.30/21.04.048/2020-21 December 14, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to the circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 and DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 on the captioned subject. On a review, it has been decided to permit banks to open specific accounts which are stipulated under vario
RBI/2020-21/79 DOR.No.BP.BC.30/21.04.048/2020-21 December 14, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks - Need for Discipline Please refer to the circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 and DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 on the captioned subject. On a review, it has been decided to permit banks to open specific accounts which are stipulated under vario
Dec 04, 2020
Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs)
RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 December 4, 2020 All Regional Rural Banks Madam/ Sir, Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs) In order to provide an additional avenue for liquidity management to Regional Rural Banks (RRBs), it has been decided that Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) will be extended to Scheduled RRBs meeting the followi
RBI/2020-21/76 DOR.RRB.No.28/31.01.001/2020-21 December 4, 2020 All Regional Rural Banks Madam/ Sir, Introduction of Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) for Regional Rural Banks (RRBs) In order to provide an additional avenue for liquidity management to Regional Rural Banks (RRBs), it has been decided that Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF) will be extended to Scheduled RRBs meeting the followi
Dec 04, 2020
Declaration of dividends by banks
RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.64/21.02.067/2019-20 dated April 17, 2020, on the captioned subject. 2. In view of the ongoing stress and heightened uncertainty on account of COVID-19, it is imperative that banks continue to conserve capital to support the economy and absorb losses. In order to
RBI/2020-21/75 DOR.BP.BC.No.29/21.02.067/2020-21 December 4, 2020 All Commercial Banks and All Cooperative Banks, Madam / Dear Sir, Declaration of dividends by banks Please refer to our circular DOR.BP.BC.No.64/21.02.067/2019-20 dated April 17, 2020, on the captioned subject. 2. In view of the ongoing stress and heightened uncertainty on account of COVID-19, it is imperative that banks continue to conserve capital to support the economy and absorb losses. In order to
Nov 02, 2020
Opening of Current Accounts by Banks - Need for Discipline
RBI/2020-21/62 DOR.No.BP.BC.27/21.04.048/2020-21 November 02, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear 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. 2. In this connection, a reference is invited to Para 4 of the circular referred to above, wherein the banks were advised that in respect of existing current and CC/OD a
RBI/2020-21/62 DOR.No.BP.BC.27/21.04.048/2020-21 November 02, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear 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. 2. In this connection, a reference is invited to Para 4 of the circular referred to above, wherein the banks were advised that in respect of existing current and CC/OD a
Oct 27, 2020
Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020)
RBI/2020-21/61DOR.No.BP.BC.26/21.04.048/2020-21 October 26, 2020 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 All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Scheme for grant of ex-gratia payment of difference between compound interest and s
RBI/2020-21/61DOR.No.BP.BC.26/21.04.048/2020-21 October 26, 2020 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 All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam/Dear Sir, Scheme for grant of ex-gratia payment of difference between compound interest and s
Oct 20, 2020
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs)
RBI/2020-21/57 DOR.CO RRB.No.25/31.04.002/2020-21 October 20, 2020 All Regional Rural Banks Dear Sir/Madam, Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs) We advise that the names of ten amalgamated Regional Rural Banks have been included and names of 21 erstwhile Regional Rural Banks (RRBs) have been excluded to/from the Second Schedule to the Reserve Bank of India Act, 1934, respectively, by Notif
RBI/2020-21/57 DOR.CO RRB.No.25/31.04.002/2020-21 October 20, 2020 All Regional Rural Banks Dear Sir/Madam, Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs) We advise that the names of ten amalgamated Regional Rural Banks have been included and names of 21 erstwhile Regional Rural Banks (RRBs) have been excluded to/from the Second Schedule to the Reserve Bank of India Act, 1934, respectively, by Notif
Oct 16, 2020
Individual Housing Loans - Rationalisation of Risk Weights
RBI/2020-21/56 DOR.No.BP.BC.24/08.12.015/2020-21 October 16, 2020 All Scheduled Commercial Banks (Including Small Finance Banks, Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Individual Housing Loans – Rationalisation of Risk Weights Please refer to paragraph 6 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on rationalization of@@NBSP@@ risk weights on Individual Housing Loans. 2. In terms of circular No. DBR.BP.
RBI/2020-21/56 DOR.No.BP.BC.24/08.12.015/2020-21 October 16, 2020 All Scheduled Commercial Banks (Including Small Finance Banks, Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Individual Housing Loans – Rationalisation of Risk Weights Please refer to paragraph 6 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on rationalization of@@NBSP@@ risk weights on Individual Housing Loans. 2. In terms of circular No. DBR.BP.
Oct 12, 2020
withdrawn
SLR holdings in HTM category
RBI/2020-2021/54 DoR.No.BP.BC.22/21.04.141/2020-21 October 12, 2020 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 2 of Statement on Developmental and Regulatory Policies of the Monetary Policy Statement, 2020-21 dated October 9, 2020 and our circular DoR.No.BP.BC.9/21.04.141/2020-21 dated September 1, 2020 on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Mat
RBI/2020-2021/54 DoR.No.BP.BC.22/21.04.141/2020-21 October 12, 2020 All Commercial Banks Madam/ Sir, SLR holdings in HTM category Please refer to paragraph 2 of Statement on Developmental and Regulatory Policies of the Monetary Policy Statement, 2020-21 dated October 9, 2020 and our circular DoR.No.BP.BC.9/21.04.141/2020-21 dated September 1, 2020 on the above subject. 2. Banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Mat
Oct 12, 2020
Regulatory Retail Portfolio - Revised Limit for Risk Weight
RBI/2020-21/53DOR.No.BP.BC.23/21.06.201/2020-21 October 12, 2020 All Scheduled Commercial Banks (Including Small Finance Banks,Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Regulatory Retail Portfolio – Revised Limit for Risk Weight Please refer to paragraph 5 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on the limit for regulatory retail portfolio. 2. In terms of para 5.9 on “Claims included in the Regulatory
RBI/2020-21/53DOR.No.BP.BC.23/21.06.201/2020-21 October 12, 2020 All Scheduled Commercial Banks (Including Small Finance Banks,Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Regulatory Retail Portfolio – Revised Limit for Risk Weight Please refer to paragraph 5 of the Statement on Developmental and Regulatory Policies dated October 9, 2020 on the limit for regulatory retail portfolio. 2. In terms of para 5.9 on “Claims included in the Regulatory
Oct 09, 2020
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Addition of one entry
RBI/2020-2021/51 DOR.AML.BC.No.21/14.06.001/2020-21 October 09, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List – Addition of one entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms of which “Regulated Entities (REs) shall ensure that in
RBI/2020-2021/51 DOR.AML.BC.No.21/14.06.001/2020-21 October 09, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List – Addition of one entry Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms of which “Regulated Entities (REs) shall ensure that in
Sep 30, 2020
Exclusion of “Syndicate Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company
RBI/2020-21/47 DOR.No.Ret.BC.20/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Syndicate Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Syndicate Bank” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020 vide Notification DOR.No.Ret.
RBI/2020-21/47 DOR.No.Ret.BC.20/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Syndicate Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Syndicate Bank” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020 vide Notification DOR.No.Ret.
Sep 30, 2020
Exclusion of “Oriental Bank of Commerce” and “United Bank of India” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company
RBI/2020-21/46 DOR.No.Ret.BC.19/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Oriental Bank of Commerce” and “United Bank of India” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Oriental Bank of Commerce” and “United Bank of India” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since they have ceased to carry o
RBI/2020-21/46 DOR.No.Ret.BC.19/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Oriental Bank of Commerce” and “United Bank of India” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Oriental Bank of Commerce” and “United Bank of India” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since they have ceased to carry o
Sep 30, 2020
Exclusion of “Andhra Bank” and “Corporation Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company
RBI/2020-21/45 DOR.No.Ret.BC.18/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Andhra Bank” and “Corporation Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Andhra Bank” and “Corporation Bank” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since they have ceased to carry on banking business with effect from
RBI/2020-21/45 DOR.No.Ret.BC.18/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Andhra Bank” and “Corporation Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Andhra Bank” and “Corporation Bank” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since they have ceased to carry on banking business with effect from
Sep 30, 2020
Exclusion of “Allahabad Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company
RBI/2020-21/44 DOR.No.Ret.BC.17/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Allahabad Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Allahabad Bank” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020 vide Notification DOR.No.Ret.
RBI/2020-21/44 DOR.No.Ret.BC.17/12.07.150/2020-21 September 30, 2020 All Banks Madam/Sir Exclusion of “Allahabad Bank” from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company We advise that “Allahabad Bank” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020 vide Notification DOR.No.Ret.
Sep 29, 2020
Basel III Framework on Liquidity Standards - Net Stable Funding Ratio (NSFR)
RBI/2020-21/43 DOR.BP.BC.No.16/21.04.098/2020-21 September 29, 2020 All Commercial Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our@@NBSP@@circular DOR.BP.BC.No.46/21.04.098/2019-20 dated March 27, 2020@@NBSP@@on Net Stable Funding Ratio (NSFR) guidelines. 2. In view of the continued uncertainty on account of COVID-19, on a review
RBI/2020-21/43 DOR.BP.BC.No.16/21.04.098/2020-21 September 29, 2020 All Commercial Banks (excluding Regional Rural Banks, Local Area Banks and Payments Banks) Dear Sir/Madam, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) Please refer to our@@NBSP@@circular DOR.BP.BC.No.46/21.04.098/2019-20 dated March 27, 2020@@NBSP@@on Net Stable Funding Ratio (NSFR) guidelines. 2. In view of the continued uncertainty on account of COVID-19, on a review
Sep 29, 2020
Basel III Capital Regulations - Review of transitional arrangements
RBI/2020-21/42DOR.BP.BC.No15/21.06.201/2020-21 September 29, 2020 All Commercial Banks (Excluding Small Finance Banks, Payment Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations - Review of transitional arrangements Please refer to circular DOR.BP.BC.No.45/21.06.201/2019-20 dated March 27, 2020 on ‘Basel III Capital Regulations - Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19, it has been decided to de
RBI/2020-21/42DOR.BP.BC.No15/21.06.201/2020-21 September 29, 2020 All Commercial Banks (Excluding Small Finance Banks, Payment Banks, RRBs and LABs) Dear Sir/Madam, Basel III Capital Regulations - Review of transitional arrangements Please refer to circular DOR.BP.BC.No.45/21.06.201/2019-20 dated March 27, 2020 on ‘Basel III Capital Regulations - Review of transitional arrangements’. 2. In view of the continuing stress on account of COVID-19, it has been decided to de
Sep 14, 2020
Automation of Income Recognition, Asset Classification and Provisioning processes in banks
RBI/2020-21/37 Ref. No. DoS.CO.PPG./SEC.03/11.01.005/2020-21 September 14, 2020 The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks (Excluding RRBs) andAll Small Finance Banks Madam / Dear Sir, Automation of Income Recognition, Asset Classification and Provisioning processes in banks We invite a reference to our circular DBS.CO.PPD.No.1950/11.01.005/2011-12 dated August 04, 2011, in terms of which banks were advised, inter alia, to
RBI/2020-21/37 Ref. No. DoS.CO.PPG./SEC.03/11.01.005/2020-21 September 14, 2020 The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks (Excluding RRBs) andAll Small Finance Banks Madam / Dear Sir, Automation of Income Recognition, Asset Classification and Provisioning processes in banks We invite a reference to our circular DBS.CO.PPD.No.1950/11.01.005/2011-12 dated August 04, 2011, in terms of which banks were advised, inter alia, to
Sep 11, 2020
Compliance functions in banks and Role of Chief Compliance Officer (CCO)
RBI/2020-21/35 Ref. No. DoS.CO.PPG./SEC.02/11.01.005/2020-21 September 11, 2020 The Chairman / Managing Director & Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks and All Small Finance Banks and Payment Banks Madam / Dear Sir, Compliance functions in banks and Role of Chief Compliance Officer (CCO) Please refer to the guidelines on compliance functions vide our circulars DBS.CO.PP.BC.6/11.01.005/2006-07 dated April 20,
RBI/2020-21/35 Ref. No. DoS.CO.PPG./SEC.02/11.01.005/2020-21 September 11, 2020 The Chairman / Managing Director & Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks and All Small Finance Banks and Payment Banks Madam / Dear Sir, Compliance functions in banks and Role of Chief Compliance Officer (CCO) Please refer to the guidelines on compliance functions vide our circulars DBS.CO.PP.BC.6/11.01.005/2006-07 dated April 20,
Sep 11, 2020
Implementation of Section 51A of UAPA, 1967 - Updates to UNSC’s 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Amendment to 11 entries (10 Individuals and one entry in Entities and Groups)
RBI/2020-21/36 DOR.AML.BC.No.14/14.06.001/2020-21 September 11, 2020 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 - Updates to UNSC’s 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Amendment to 11 entries (10 Individuals and one entry in Entities and Groups) Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms o
RBI/2020-21/36 DOR.AML.BC.No.14/14.06.001/2020-21 September 11, 2020 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 - Updates to UNSC’s 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Amendment to 11 entries (10 Individuals and one entry in Entities and Groups) Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms o
Sep 07, 2020
Resolution Framework for COVID-19-related Stress - Financial Parameters
RBI/2020-21/34DOR.No.BP.BC/13/21.04.048/2020-21 September 7, 2020 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 BanksAll All-India Financial InstitutionsAll Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress – Financial Parameters Please refer
RBI/2020-21/34DOR.No.BP.BC/13/21.04.048/2020-21 September 7, 2020 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 BanksAll All-India Financial InstitutionsAll Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress – Financial Parameters Please refer
Sep 05, 2020
Long Form Audit Report (LFAR) - Review
RBI/2020-21/33 Ref.No.DOS.CO.PPG./SEC.01/11.01.005/2020-21 September 05, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payment Banks Madam /Dear Sir, Long Form Audit Report (LFAR) - Review Please refer to RBI circular No. DBS.CO.PP.BC.11/11.01.005/2001-2002 dated April 17, 2002 on revision of Long Form Audit Report (LFAR). 2. Keeping in view the large
RBI/2020-21/33 Ref.No.DOS.CO.PPG./SEC.01/11.01.005/2020-21 September 05, 2020 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Local Area Banks All Small Finance Banks and All Payment Banks Madam /Dear Sir, Long Form Audit Report (LFAR) - Review Please refer to RBI circular No. DBS.CO.PP.BC.11/11.01.005/2001-2002 dated April 17, 2002 on revision of Long Form Audit Report (LFAR). 2. Keeping in view the large
Sep 03, 2020
Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934
RBI/2020-21/30 DOR.No.Ret.BC.10/12.07.150/2020-21 September 03, 2020 All Banks Madam/Sir Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Westpac Banking Corporation” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DOR.IBD.No.99/23.13.138/2020-21 dated July 18, 2020, which is published in the Gazette of India (Part III - Section 4) dated Au
RBI/2020-21/30 DOR.No.Ret.BC.10/12.07.150/2020-21 September 03, 2020 All Banks Madam/Sir Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Westpac Banking Corporation” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DOR.IBD.No.99/23.13.138/2020-21 dated July 18, 2020, which is published in the Gazette of India (Part III - Section 4) dated Au
Sep 03, 2020
Cessation of “Aditya Birla Idea Payments Bank Limited” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949
RBI/2020-21/32 DOR.No.Ret.BC.12/12.07.150/2020-21 September 03, 2020 All Banks Dear Sir/Madam Cessation of “Aditya Birla Idea Payments Bank Limited” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 We advise that the “Aditya Birla Idea Payments Bank Limited” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 with effect from July 28, 2020 vide Notification DOR.NBD.No.144/1
RBI/2020-21/32 DOR.No.Ret.BC.12/12.07.150/2020-21 September 03, 2020 All Banks Dear Sir/Madam Cessation of “Aditya Birla Idea Payments Bank Limited” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 We advise that the “Aditya Birla Idea Payments Bank Limited” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 with effect from July 28, 2020 vide Notification DOR.NBD.No.144/1
Sep 03, 2020
Cessation of “Westpac Banking Corporation” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949
RBI/2020-21/31 DOR.No.Ret.BC.11/12.07.150/2020-21 September 03, 2020 All Banks Dear Sir/Madam Cessation of “Westpac Banking Corporation” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 We advise that the “Westpac Banking Corporation” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 vide Notification DOR.IBD.No.100/23.13.138/2020-21 dated July 18, 2020, which is publishe
RBI/2020-21/31 DOR.No.Ret.BC.11/12.07.150/2020-21 September 03, 2020 All Banks Dear Sir/Madam Cessation of “Westpac Banking Corporation” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 We advise that the “Westpac Banking Corporation” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 vide Notification DOR.IBD.No.100/23.13.138/2020-21 dated July 18, 2020, which is publishe
Sep 01, 2020
withdrawn
SLR holdings in HTM category (Amended)
RBI/2020-21/29 DoR.No.BP.BC.9/21.04.141/2020-21 September 1, 2020 All Commercial Banks Dear Sir, SLR holdings in HTM category Please refer to our circulars DBR.No.BP.BC.6/21.04.141/2015-16 dated July 1, 2015 read with DBR.No.BP.BC.65/21.04.141/2015-16 dated December 10, 2015 and DBR.No.Ret.BC.90/12.02.001/2017-18 dated October 4, 2017 on the subject. 2. Currently, banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (H
RBI/2020-21/29 DoR.No.BP.BC.9/21.04.141/2020-21 September 1, 2020 All Commercial Banks Dear Sir, SLR holdings in HTM category Please refer to our circulars DBR.No.BP.BC.6/21.04.141/2015-16 dated July 1, 2015 read with DBR.No.BP.BC.65/21.04.141/2015-16 dated December 10, 2015 and DBR.No.Ret.BC.90/12.02.001/2017-18 dated October 4, 2017 on the subject. 2. Currently, banks are permitted to exceed the limit of 25 per cent of the total investments under Held to Maturity (H
Aug 21, 2020
Ad-hoc/Short Review/Renewal of Credit Facilities
RBI/2020-21/27 DoS.CO.PPG.BC.1/11.01.005/2020-21 August 21, 2020 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Urban Cooperative Banks Madam/Dear Sir, Ad-hoc/Short Review/Renewal of Credit Facilities In terms of circular DBOD.No.BP.(SC).BC.98/21.04.103/99 dated October 7, 1999 on Risk Management System in Banks, Scheduled Commercial Banks (SCBs) are required to put in place a board approved credit policy, which, inter alia, should prescri
RBI/2020-21/27 DoS.CO.PPG.BC.1/11.01.005/2020-21 August 21, 2020 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Urban Cooperative Banks Madam/Dear Sir, Ad-hoc/Short Review/Renewal of Credit Facilities In terms of circular DBOD.No.BP.(SC).BC.98/21.04.103/99 dated October 7, 1999 on Risk Management System in Banks, Scheduled Commercial Banks (SCBs) are required to put in place a board approved credit policy, which, inter alia, should prescri
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 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
Aug 06, 2020
Micro, Small and Medium Enterprises (MSME) sector - Restructuring of Advances
RBI/2020-21/17 DOR.No.BP.BC/4/21.04.048/2020-21 August 6, 2020 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 BanksAll All-India Financial InstitutionsAll Non-Banking Financial Companies Dear Sir/ Madam, Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances Please refer to the circular DOR.No.BP.BC.34/21
RBI/2020-21/17 DOR.No.BP.BC/4/21.04.048/2020-21 August 6, 2020 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 BanksAll All-India Financial InstitutionsAll Non-Banking Financial Companies Dear Sir/ Madam, Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances Please refer to the circular DOR.No.BP.BC.34/21
Aug 06, 2020
Basel III Capital Regulations - Treatment of debt mutual funds/ETFs
RBI/2020-21/18 DOR.No.BP.BC/5/21.04.201/2020-21 August 6, 2020 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam Basel III Capital Regulations – Treatment of debt mutual funds/ETFs Please refer to our circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015, on Basel III capital regulations. 2. In terms of para 8.4.1 of the circular, capital charge for equities is applicable to units of mutual funds. It has now bee
RBI/2020-21/18 DOR.No.BP.BC/5/21.04.201/2020-21 August 6, 2020 All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam Basel III Capital Regulations – Treatment of debt mutual funds/ETFs Please refer to our circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015, on Basel III capital regulations. 2. In terms of para 8.4.1 of the circular, capital charge for equities is applicable to units of mutual funds. It has now bee
Aug 06, 2020
Resolution Framework for COVID-19-related Stress
RBI/2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 August 6, 2020 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 All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress The Reserve Bank of India (Prudent
RBI/2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 August 6, 2020 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 All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear Sir, Resolution Framework for COVID-19-related Stress The Reserve Bank of India (Prudent
Jul 18, 2020
Implementation of Section 51A of UAPA, 1967 - Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Addition of one individual
RBI/2020-21/14 DOR.AML.BC.No.2/14.06.001/2020-21 July 18, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 - Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Addition of one individual Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms of which “Regulated Entities (REs) shall ensure that in
RBI/2020-21/14 DOR.AML.BC.No.2/14.06.001/2020-21 July 18, 2020 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967 - Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Addition of one individual Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on April 20, 2020, in terms of which “Regulated Entities (REs) shall ensure that in
Jul 01, 2020
Distressed Assets Fund - Subordinate Debt for Stressed MSMEs
RBI/2020-21/09 DoR.BP.BC.No.01/21.04.048/2020-21 July 1, 2020 All Scheduled Commercial Banks (including Scheduled RRBs) Dear Sir/Madam, Distressed Assets Fund - Subordinate Debt for Stressed MSMEs Please refer to the circular No.170/2020-21 dated June 24, 2020 issued by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) regarding the captioned scheme. As the credit facilities extended under the above scheme are backed by a guarantee from CGTMSE,
RBI/2020-21/09 DoR.BP.BC.No.01/21.04.048/2020-21 July 1, 2020 All Scheduled Commercial Banks (including Scheduled RRBs) Dear Sir/Madam, Distressed Assets Fund - Subordinate Debt for Stressed MSMEs Please refer to the circular No.170/2020-21 dated June 24, 2020 issued by the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) regarding the captioned scheme. As the credit facilities extended under the above scheme are backed by a guarantee from CGTMSE,
Jul 01, 2020
Special liquidity scheme for NBFCs/HFCs
RBI/2020-21/01 DoR (NBFC) (PD) CC.No.113/03.10.001/2020-21 July 01, 2020 All NBFCs/HFCs Madam/Dear Sir, Special liquidity scheme for NBFCs/HFCs The Government of India has approved a scheme to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector. To be eligible under the Scheme, the following conditions should be met: NBFCs including Microfinance Institutions that are registe
RBI/2020-21/01 DoR (NBFC) (PD) CC.No.113/03.10.001/2020-21 July 01, 2020 All NBFCs/HFCs Madam/Dear Sir, Special liquidity scheme for NBFCs/HFCs The Government of India has approved a scheme to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector. To be eligible under the Scheme, the following conditions should be met: NBFCs including Microfinance Institutions that are registe
Jun 26, 2020
Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Minimum Daily Maintenance of the Cash Reserve Requirement
RBI/2019-20/260 DOR.No.Ret.BC.78/12.01.001/2019-20 June 26, 2020 All Scheduled Banks Dear Sir / Madam Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Minimum Daily Maintenance of the Cash Reserve Requirement Please refer to our circular DOR.No.Ret.BC.51/12.01.001/2019-20 dated March 27, 2020 on the captioned subject. 2. As announced in the Statement of Developmental and Regulatory Policies of March 27, 2020, the minimum daily maintenance of the Cash R
RBI/2019-20/260 DOR.No.Ret.BC.78/12.01.001/2019-20 June 26, 2020 All Scheduled Banks Dear Sir / Madam Section 42(1) of the Reserve Bank of India Act, 1934 - Change in Minimum Daily Maintenance of the Cash Reserve Requirement Please refer to our circular DOR.No.Ret.BC.51/12.01.001/2019-20 dated March 27, 2020 on the captioned subject. 2. As announced in the Statement of Developmental and Regulatory Policies of March 27, 2020, the minimum daily maintenance of the Cash R
Jun 26, 2020
Section 24 of the Banking Regulation Act, 1949 - Maintenance of Statutory Liquidity Ratio (SLR) - Marginal Standing Facility (MSF)
RBI/2019-20/259 DOR.No.Ret.BC.77/12.02.001/2019-20 June 26, 2020 All Scheduled Banks (excluding Regional Rural Banks) Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) Please refer to our circular DOR.No.Ret.BC.52/12.01.001/2019-20 dated March 27, 2020 on Marginal Standing Facility (MSF) Scheme. 2. As announced in the Statement of Developmental and Regulatory Policies dat
RBI/2019-20/259 DOR.No.Ret.BC.77/12.02.001/2019-20 June 26, 2020 All Scheduled Banks (excluding Regional Rural Banks) Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) Please refer to our circular DOR.No.Ret.BC.52/12.01.001/2019-20 dated March 27, 2020 on Marginal Standing Facility (MSF) Scheme. 2. As announced in the Statement of Developmental and Regulatory Policies dat
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