RBI's Instructions on Money Changing Activities
Posted Date : 28-May-2024 , 09:08:36 am | Posted By: CASANSAAR
RBI/2024-25/39
A.P. (DIR Series) Circular No. 08
May 27, 2024
To
All Authorised Persons in Foreign Exchange
Madam/ Sir
Instructions on Money Changing Activities
Attention is invited toFED Master Direction No.3/2015-16 dated January 01, 2016(updated from time to time) on Money Changing Activities.
2. In terms of extant instructions, Full Fledged Money Changers (FFMCs)/non-bank Authorised Dealers (ADs) Category-II may obtain their normal business requirements of foreign currenc...
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RBI |
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Exclusion of "Fincare Small Finance Bank Limited" from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as a banking company
Posted Date : 25-May-2024 , 08:36:00 pm | Posted By: CASANSAAR
RBI/2024-25/38
DOR.RET.REC.23/12.07.160/2024-25
May 24, 2024
All Banks
Madam / Dear Sir,
Exclusion of "Fincare Small Finance Bank Limited" from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as a banking company
It is informed that "Fincare Small Finance Bank Limited" has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2024, as the bank has ceased to carry on banking business wi...
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RBI |
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RBI Internal Review – Interim Recommendations – Withdrawal of Circulars
Posted Date : 22-May-2024 , 08:06:58 pm | Posted By: CASANSAAR
RBI/2024-25/37
DoS.CO.PPG.SEC.2/11.01.005/2024-25
May 21, 2024
All Scheduled Commercial Banks
All Primary (Urban) Cooperative Banks
Madam / Dear Sir,
Internal Review – Interim Recommendations – Withdrawal of Circulars
An internal review of regulations was carried out to remove obsolete/ outdated/ superfluous instructions, and to rationalize and simplify existing instructions.
2. In view of above, the circulars listed in theAnnexare withdrawn with effect from close...
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Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility
Posted Date : 18-May-2024 , 11:06:44 am | Posted By: CASANSAAR
RBI/2024-25/35
FIDD.CO.LBS.BC.No.06/02.08.001/2024-25
May 15, 2024
The Chairman / Managing Director & Chief Executive Officer
Lead Banks Concerned
Madam/ Dear Sir,
Formation of new district in the State of Assam –
Assignment of Lead Bank Responsibility
The Government of Assam has notified formation of a new district, viz., Biswanath in the state of Assam vide Gazette Notification ECF.No.367433/29 dated September 07, 2023. Accordingly, it has been decided to designate ...
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Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024 - RBI
Posted Date : 11-May-2024 , 10:41:52 am | Posted By: CASANSAAR
RESERVE BANK OF INDIA
(FOREIGN EXCHANGE DEPARTMENT)
CENTRAL OFFICE
MUMBAI 400 001
Notification No. FEMA 5(R)/(4)/2024-RB
May 06, 2024
Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024
In exercise of the powers conferred by sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendment in the Foreign Exchange Management (Deposit) Regulations, 2016 (Notification No. FEMA ...
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Relaxation of additional fees and extension of last date of liling of LLP BEN-2 and LLP Form No. 4D
Posted Date : 09-May-2024 , 06:51:09 am | Posted By: CASANSAAR
Relaxation of additional fees and extension of last date of liling of LLp BEN-2 and LLp Form No. 4D under the Limited Liab,ity Partnership Act, 2OOg-regarding....
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Corporate Laws |
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RBI Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024
Posted Date : 09-May-2024 , 06:47:31 am | Posted By: CASANSAAR
RBI/FMRD/2024-25/117
FMRD.DIRD.01/14.01.023/2024-25
May 08, 2024
To
All eligible market participants
Madam/Sir
Master Direction – Reserve Bank of India (Margining for Non-Centrally Cleared OTC Derivatives) Directions, 2024
Please refer to Paragraph 10 of theStatement on Developmental and Regulatory Policiesannounced as a part of theBi-monthly Monetary Policy Statement for 2019-20 dated February 06, 2020, on issuance of the Directions regarding exchange of variation margi...
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RBI |
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Margin for Derivative Contracts - RBI
Posted Date : 09-May-2024 , 06:46:23 am | Posted By: CASANSAAR
RBI/2024-25/34
A. P. (DIR Series) Circular No.05
May 08, 2024
To,
The Authorised Dealers
Madam/Sir,
Margin for Derivative Contracts
Attention of Authorised Dealers is invited to the Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 notified in the Gazette of India videnotification no. FEMA.399/RB-2020 dated October 23, 2020, the amendment to the Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 notified in the Gazette...
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RBI |
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Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)
Posted Date : 04-May-2024 , 07:41:57 am | Posted By: CASANSAAR
RBI/2024-25/33
DOR.CRE.REC.22/21.03.054/2024-25
May 03, 2024
All Scheduled Commercial Banks
(excluding RRBs)
Madam/Dear Sir,
Banks' Exposure to Capital Market -
Issue of Irrevocable Payment Commitments (IPCs)
Please refer tocircular DBOD.Dir.BC.68/13.03.00/2011-12 dated December 27, 2011on “Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)” and mailbox clarification dated September 11, 2012 on “Applicability of Irrevoc...
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RBI |
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RBI Master Direction – Risk Management and Inter-Bank Dealings: Amendments
Posted Date : 04-May-2024 , 07:41:02 am | Posted By: CASANSAAR
RBI/2024-25/32
A. P. (DIR Series) Circular No. 04
May 03, 2024
To,
All Authorised Persons
Madam/Sir,
Master Direction – Risk Management and Inter-Bank Dealings: Amendments
Attention of Authorised Persons is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 03, 2000 [Notification no. FEMA.25/RB-2000 dated May 03, 2000], as amended from time to time andMaster Direction - Risk Management and Inter-Bank Dealings da...
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RBI |
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Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)
Posted Date : 03-May-2024 , 08:14:56 pm | Posted By: CASANSAAR
RBI/2024-25/33
DOR.CRE.REC.22/21.03.054/2024-25
May 03, 2024
All Scheduled Commercial Banks (excluding RRBs)
Madam/Dear Sir,
Banks' Exposure to Capital Market -Issue of Irrevocable Payment Commitments (IPCs)
Please refer tocircular DBOD.Dir.BC.68/13.03.00/2011-12 dated December 27, 2011on “Banks' Exposure to Capital Market - Issue of Irrevocable Payment Commitments (IPCs)” and mailbox clarification dated September 11, 2012 on “Applicability of Irrevo...
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RBI |
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Master Direction – Risk Management and Inter-Bank Dealings: Amendments
Posted Date : 03-May-2024 , 08:12:13 pm | Posted By: CASANSAAR
RBI/2024-25/32
A. P. (DIR Series) Circular No. 04
May 03, 2024
To,
All Authorised Persons
Madam/Sir,
Master Direction – Risk Management and Inter-Bank Dealings: Amendments
Attention of Authorised Persons is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 03, 2000 [Notification no. FEMA.25/RB-2000 dated May 03, 2000], as amended from time to time andMaster Direction - Risk Management and Inter-Bank Dealing...
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RBI |
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Guidance Note on Operational Risk Management and Operational Resilience - RBI
Posted Date : 01-May-2024 , 09:52:25 am | Posted By: CASANSAAR
Operational Risk is inherent in all banking/ financial products, services, activities, processes, and systems. Effective management of Operational Risk is an integral part of the Regulated Entities’ (REs) risk management framework. Sound Management of Operational Risk shows the overall effectiveness of the Board of Directors and Senior Management in administering the RE’s portfolio of products, services, activities, processes, and systems
...
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Guidance Note on Operational Risk Management and Operational Resilience
Posted Date : 30-Apr-2024 , 08:11:18 pm | Posted By: CASANSAAR
RBI/2024-25/31
DOR.ORG.REC.21/14.10.001/2024-25 April 30, 2024
1. Purpose
1.1 Operational Risk is inherent in all banking/ financial products, services, activities, processes, and systems. Effective management of Operational Risk is an integral part of the Regulated Entities’ (REs) risk management framework. Sound Management of Operational Risk shows the overall effectiveness of the Board of Directors and Senior Management in administering the RE’s port...
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RBI |
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Fair Practices Code for Lenders – Charging of Interest
Posted Date : 29-Apr-2024 , 08:26:36 pm | Posted By: CASANSAAR
RBI/2024-25/30
DoS.CO.PPG.SEC.1/11.01.005/2024-25
April 29, 2024
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payments Banks
All Primary (Urban) Co-operative Banks/ State Co-operative Banks/
District Central Co-operative Banks
All Non-Banking Financial Companies (including Microfinance Institutions and Housing Finance Companies)
Madam / Dear Sir,
Fair Practices Code for Lenders – Charging of Interest
...
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RBI |
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Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments in 01 Entry
Posted Date : 26-Apr-2024 , 08:20:18 pm | Posted By: CASANSAAR
RBI/2024-25/29
DOR.AML.REC.19/14.06.001/2024-25
April 26, 2024
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: Amendments in 01 Entry
Please refer to Section 51 of ourMaster Direction on Know Your Customer dated February 25, 2016as amended on January 04 , 2024 (MD on KYC), in terms of which “Regulated Entities (REs) shall...
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RBI |
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Voluntary transition of Small Finance Banks to Universal Banks
Posted Date : 26-Apr-2024 , 08:18:00 pm | Posted By: CASANSAAR
RBI/2024-25/28
DOR.LIC.REC.20/16.13.218/2024-25
April 26, 2024
All Small Finance Banks
Madam/ Dear Sir,
Voluntary transition of Small Finance Banks to Universal Banks
Please refer to Paragraph 14 of the“Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector” dated December 5, 2019, which provides a transition path for Small Finance Banks (SFBs) to convert into Universal Banks. Such conversion shall be subject to the SFB’s ...
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RBI |
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Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)
Posted Date : 26-Apr-2024 , 08:15:37 pm | Posted By: CASANSAAR
RBI/2024-25/27
A.P. (DIR Series) Circular No. 03
April 26, 2024
To,
All Authorized Persons
Madam / Sir
Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)
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 videNotification No. FEMA. 396/2019-RB dated October 17, 2019as amended from time to time and the r...
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RBI |
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Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024
Posted Date : 26-Apr-2024 , 08:29:56 am | Posted By: CASANSAAR
RESERVE BANK OF INDIA
(FOREIGN EXCHANGE DEPARTMENT)
CENTRAL OFFICE
MUMBAI 400 001
No. FEMA. 10(R)(3)/2024-RB
April 23, 2024
Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024
In exercise of the powers conferred by Section 9 and clause (e) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendment in the Foreign Exchange Managemen...
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RBI |
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Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2024
Posted Date : 26-Apr-2024 , 08:28:29 am | Posted By: CASANSAAR
RESERVE BANK OF INDIA
(FOREIGN EXCHANGE DEPARTMENT)
CENTRAL OFFICE
MUMBAI 400 001
No. FEMA. 395(2)/2024-RB
April 23, 2024
Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2024
In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and consequent to the Foreign Exchange Management (Non-Debt Instrument) Rules, 2019, the Reserve Bank of India hereby makes the following ame...
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RBI |
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Master Direction – Reserve Bank of India (Asset Reconstruction Companies) Directions, 2024
Posted Date : 24-Apr-2024 , 11:23:26 am | Posted By: CASANSAAR
RBI/DOR/2024-25/116
DoR.FIN.REC.16/26.03.001/2024-25 April 24, 2024
All Asset Reconstruction Companies (ARCs)
Dear Sir/ Madam,
Master Direction – Reserve Bank of India (Asset Reconstruction Companies) Directions, 2024
ARCs play a critical role in the resolution of stressed financial assets of banks and financial institutions, thereby enhancing the overall health of the financial system. To ensure prudent and efficient functioning of ARCs and to protect the ...
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RBI |
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Dealing in Rupee Interest Rate Derivative products - Small Finance Banks
Posted Date : 23-Apr-2024 , 07:37:49 pm | Posted By: CASANSAAR
RBI/2024-25/23
DOR.MRG.REC.15/00.00.018/2024-25
April 23, 2024
Dealing in Rupee Interest Rate Derivative products - Small Finance Banks
Please refer to paragraph 4 ofStatement on Developmental and Regulatory Policiesissued as a part of theBi-monthly Monetary Policy Statement for 2024-25 dated April 05, 2024read with Paragraph 1.10 of the'Operating Guidelines for Small Finance Banks' dated October 6, 2016.
2. Extant guidelines permit Small Finance Banks (SFBs) to use only Int...
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RBI |
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Standardization of the Private Placement Memorandum (PPM) Audit Report
Posted Date : 20-Apr-2024 , 06:30:55 am | Posted By: CASANSAAR
In terms of Regulation 28 of SEBI (AIF) Regulations, 2012 and Clause2.4 of SEBI Master Circular SEBI/HO/AFD/PoD1/P/CIR/2023/130 dated July 31, 2023(Master Circular)it is mandatory for AIFs to carry out an annual audit of compliancewith the terms of Private Placement Memorandum (PPM).In terms of Clause2.4.2 of Master Circular, AIFs are required to submit Annual PPM Audit Reports to the Trustee or Board of Directors or Designated Partners of the AIF, Board of directors or Designated Partners of th...
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Category :
SEBI |
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Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility
Posted Date : 19-Apr-2024 , 11:58:42 am | Posted By: CASANSAAR
RBI/2024-25/22
FIDD.CO.LBS.BC.No.05/02.08.001/2024-25
April 18, 2024
The Chairman / Managing Director & Chief Executive Officer
Lead Banks Concerned
Madam/ Dear Sir,
Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility
The Government of Assam has notified formation of a new district, viz., Tamulpur in the state of Assam vide Gazette Notification ECF.No.367433/27 dated September 07, 2023. Accordingly, it has been decided to designat...
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RBI |
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Implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Designated List (Amendments)
Posted Date : 17-Apr-2024 , 11:15:36 am | Posted By: CASANSAAR
RBI/2024-25/21
DOR.AML.REC.14/14.06.001/2024-25
April 16, 2024
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Implementation of Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005: Designated List (Amendments)
Please refer to Section 52 of ourMaster Direction on Know Your Customer dated February 25, 2016as amended on January 04, 2024 (MD on KYC), in terms of which, inter alia, “Regula...
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RBI |
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Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Posted Date : 17-Apr-2024 , 11:10:39 am | Posted By: CASANSAAR
RBI/2024-25/20
FIDD.GSSD.CO.BC.No.03/09.01.003/2024-25
April 16, 2024
The Chairman/Managing Director & CEO
Public Sector Banks,
Private Sector Banks (including Small Finance Banks)
Madam/Dear Sir,
Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
Please refer to theMaster Circular FIDD.GSSD.CO.BC.No.07/09.01.003/2023-24 dated April 26, 2023on Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM).
2. Th...
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RBI |
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Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
Posted Date : 17-Apr-2024 , 11:06:07 am | Posted By: CASANSAAR
RBI/2024-25/19
FIDD.CO.GSSD.BC.No.04/09.09.001/2024-25
April 16, 2024
The Chairman/ Managing Director / Chief Executive Officer
All Scheduled Commercial Banks (including Small Finance Banks)
Madam/ Dear Sir,
Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs). The e...
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RBI |
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Key Facts Statement (KFS) for Loans & Advances
Posted Date : 16-Apr-2024 , 11:10:55 am | Posted By: CASANSAAR
RBI/2024-25/18
DOR.STR.REC.13/13.03.00/2024-25
April 15, 2024
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks, excluding Payments Banks)
All Primary (Urban) Co-operative Banks, State Co-operative Banks and Central Co-operative Banks
All Non-Banking Financial Companies (including Housing Finance Companies)
Key Facts Statement (KFS) for Loans & Advances
Please refer to our instructions on Key Facts Statement (KFS) and disclosure of ...
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RBI |
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Hedging of Gold Price Risk in Overseas Markets
Posted Date : 16-Apr-2024 , 11:08:16 am | Posted By: CASANSAAR
RBI/2024-25/17
A. P. (DIR Series) Circular No. 01
April 15, 2024
All Authorised Dealer Category – I Banks
Madam / Sir,
Hedging of Gold Price Risk in Overseas Markets
Please refer to Paragraph 2 of theStatement on Developmental and Regulatory Policiesannounced as a part of theBi-monthly Monetary Policy Statement for 2023-24 dated February 08, 2024, regarding hedging of price risk of gold in overseas markets. Attention is also invited to theMaster Direction – Foreign Ex...
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RBI |
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CIMS Project Implementation - Submission of Statutory Returns (Form A, Form VIII and Form IX) on CIMS Portal
Posted Date : 16-Apr-2024 , 11:05:34 am | Posted By: CASANSAAR
RBI/2024-25/16
DoR.RET.REC.12/12.01.001/2024-25
April 15, 2024
The Chairperson / CEOs of all Commercial Banks
Madam / Dear Sir,
CIMS Project Implementation - Submission of Statutory Returns (Form A, Form VIII and Form IX) on CIMS Portal
In terms of Para 29 of theMaster Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021(Updated as on September 25, 2023), banks submit the statutory Form A, Form VIII and Form IX (on unc...
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RBI |
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