Directions for Central Counterparties (CCPs)
Posted Date : 29-Oct-2024 , 12:56:01 pm | Posted By: CASANSAAR
RBI/2024-2025/85
DPSS.CO.RLVPD.No.S789/02.07.038/2024-25
October 28, 2024
Central Counterparties authorised by RBI /
Central Counterparties seeking authorisation from RBI /
Foreign Central Counterparties seeking recognition from RBI
Madam / Dear Sir,
Directions for Central Counterparties (CCPs)
Please refer to thecircular DPSS.CO.OD No.2565/06.08.005/2018-2019 dated June 12, 2019prescribing the directions relating to capital requirements and governance framework for CCPs as als...
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RBI |
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Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024
Posted Date : 18-Oct-2024 , 07:28:06 pm | Posted By: CASANSAAR
RBI/FMRD/2024-25/124
FMRD.MIOD.No.04/11.01.041/2024-25
October 18, 2024
To
All participants in Government Securities market
Madam/Sir,
Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024
A reference is invited tocirculars IDMD.DOD.No.5893/10.25.66/2007-08 dated May 27, 2008andIDMD.DOD.No.13/10.25.66/2011-12 dated November 18, 2011issued by the Reserve Bank on guidelines relating to access to Negotiated Dealing System-Order Matching (NDS-OM) electronic trading platfor...
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RBI |
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Facilitating accessibility to digital payment systems for Persons with Disabilities - Guidelines
Posted Date : 11-Oct-2024 , 11:33:45 am | Posted By: CASANSAAR
RBI/2024-25/83
CO.DPSS.POLC.No.S-708/02-12-004/2024-25
October 11, 2024
All Payment System Participants
Madam / Dear Sir,
Facilitating accessibility to digital payment systems for Persons with Disabilities - Guidelines
A reference is invited to Reserve Bank’sMaster Circular on Customer Service in Banks dated July 01, 2015, which, among other things, contains instructions for scheduled commercial banks to ensure banking services for Persons with Disabilities. In this context...
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RBI |
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Submission of information to Credit Information Companies (CICs) by ARCs
Posted Date : 10-Oct-2024 , 07:17:18 pm | Posted By: CASANSAAR
RBI/2024-25/82
DoR.FIN.REC.No.46/26.03.001/2024-25
October 10, 2024
All Asset Reconstruction Companies (ARCs)
Dear Sir / Madam,
Submission of information to Credit Information Companies (CICs) by ARCs
In terms ofcircular no. DNBS (PD-SC/RC). CC. No. 23/26.03.001/2010-11 dated November 25, 2010on ‘Submission of information to Credit Information Companies’1, ARCs had been advised to become a member of at least one CIC. In order to align these guidelines with the guideli...
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Implementation of Credit Information Reporting Mechanism subsequent to cancellation of licence or Certificate of Registration
Posted Date : 10-Oct-2024 , 07:13:20 pm | Posted By: CASANSAAR
RBI/2024-25/81
DoR.FIN.REC.47/20.16.042/2024-25
October 10, 2024
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks, and excluding Payments Banks)
All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co-operative Banks
All Non-Banking Financial Companies (including Housing Finance Companies)
All Asset Reconstruction Companies
All Credit Information Companies
Dear Sir/ Madam,
Implementation of Credit Information Rep...
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Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Posted Date : 09-Oct-2024 , 07:34:56 pm | Posted By: CASANSAAR
RBI/2024-25/80
DOR.STR.REC.45/04.02.001/2024-25
October 9, 2024
All Scheduled Commercial Banks (excluding RRBs),
Primary (Urban) Cooperative Banks & State Cooperative Banks (scheduled banks
having AD category-I license), and
Exim Bank
Dear Sir / Madam,
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Please refer to the instructions issued videcircular No. DOR.STR.REC.44/04.02.001/2024-25 dated September 20, 2024.
2. Government of India, v...
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RBI |
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Due diligence in relation to non-resident guarantees availed by persons resident in India
Posted Date : 04-Oct-2024 , 07:51:55 pm | Posted By: CASANSAAR
RBI/2024-25/79
A.P. (DIR Series) Circular No. 18
October 04, 2024
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Due diligence in relation to non-resident guarantees availed by persons resident in India
The Reserve Bank of India (RBI) has come across instances of guarantees (including Standby Letters of Credit [SBLCs] and / or performance guarantees) issued by persons resident outside India, favouring persons resident in India, which are not permitted under the extan...
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RBI |
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Directions - Compounding of Contraventions under FEMA, 1999
Posted Date : 01-Oct-2024 , 07:27:35 pm | Posted By: CASANSAAR
RBI/FED/2024-25/78
A.P. (DIR Series) Circular.No.17/2024-25
October 01, 2024
To,
All Authorised Dealer Category – I banks and Authorised banks
Madam / Sir,
Directions - Compounding of Contraventions under FEMA, 1999
The provisions of section 15 of Foreign Exchange Management Act, 1999 (42 of 1999) [hereinafter referred to as ‘FEMA, 1999’], enable compounding of contraventions and, empowers the Reserve Bank to compound any contravention as defined under se...
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RBI |
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Gold loans - Irregular practices observed in grant of loans against pledge of gold ornaments and jewellery
Posted Date : 30-Sep-2024 , 07:29:03 pm | Posted By: CASANSAAR
RBI/2024-25/77
DoS.CO.PPG.SEC.10/11.01.005/2024-25
September 30, 2024
All Commercial Banks (including Small Finance Banks but excluding Regional Rural Banks and Payments Banks)
All Primary (Urban) Co-operative Banks
All Non-Banking Financial Companies
Madam / Dear Sir,
Gold loans - Irregular practices observed ingrant of loans against pledge of gold ornaments and jewellery
A reference is invited to the circulars1issued by the Reserve Bank containing various prudential guideli...
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RBI |
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Tax Audit Report Filing Deadline Extended for AY 2024-25
Posted Date : 30-Sep-2024 , 08:23:39 am | Posted By: CASANSAAR
Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing of various reports of audit for the Previous Year 2023-24, which was 30th September, 2024 in the case of assessees referred in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act, to 07th October 2024.
...
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Income Tax |
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Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Posted Date : 20-Sep-2024 , 07:22:40 pm | Posted By: CASANSAAR
RBI/2024-25/76
DOR.STR.REC.44/04.02.001/2024-25
September 20, 2024
All Scheduled Commercial Banks (excluding RRBs),
Primary (Urban) Cooperative Banks & State Cooperative Banks (scheduled banks
having AD category-I license), and
Exim Bank
Madam/ Sir,
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Please refer to the instructions issued videcircular No.DOR.STR.REC.41/04.02.001/2024-25 dated August 29, 2024.
2. Government of India (Gol), vi...
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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 : 19-Sep-2024 , 05:44:13 pm | Posted By: CASANSAAR
RBI/2024-25/75
DOR.AML.REC.43/14.06.001/2024-25
September 19, 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, “Re...
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Liberalised Remittance Scheme (LRS) for Resident Individuals- Discontinuation of Reporting of monthly return - RBI
Posted Date : 07-Sep-2024 , 08:12:40 am | Posted By: CASANSAAR
RBI/2024-25/74
A.P. (DIR Series) Circular No. 16
September 06, 2024
To
All Authorised Dealer Category-I banks
Madam/Sir,
Liberalised Remittance Scheme (LRS) for Resident Individuals-
Discontinuation of Reporting of monthly return
Attention of all Authorised Dealer Category-I (AD Category-I) banks is invited toA.P. (DIR Series) Circular No. 36 dated April 04, 2008read withA.P. (DIR Series) Circular No. 11 dated December 22, 2023, in terms of which, AD Category-I banks were req...
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RBI |
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Review of Extant Instructions – Withdrawal of Circulars - RBI
Posted Date : 02-Sep-2024 , 09:00:50 pm | Posted By: CASANSAAR
RBI/2024-25/73
CO.FIDD.PCD.BC.No.9/04-04-003/2024-25
September 02, 2024
All Scheduled Commercial Banks
Madam /Dear Sir,
Review of Extant Instructions – Withdrawal of Circulars
An internal review was carried out to identify and withdraw obsolete/ outdated/ superfluous instructions. Based on the same, the circulars listed in theAnnexstand withdrawn with immediate effect in view of subsequent updated instructions issued on the subject matters.
Yours faithfully,
(Nisha Na...
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RBI |
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Scheme for Trading and Settlement of Sovereign Green Bonds in the International Financial Services Centre in India
Posted Date : 30-Aug-2024 , 10:27:42 am | Posted By: CASANSAAR
RBI/2024-25/72
CO.FMRD.FMIA.No.S242/11-01-051/2024-2025
August 29, 2024
To
All Eligible Market Participants
Madam / Sir
Scheme for Trading and Settlement of Sovereign Green Bonds in the
International Financial Services Centre in India
Please refer to Paragraph 1 of theStatement on Developmental and Regulatory Policiesannounced as a part of theBi-monthly Monetary Policy Statement for 2024-25 dated April 05, 2024, on the issuance of a scheme for investment and trading in Sovere...
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RBI |
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Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Posted Date : 30-Aug-2024 , 10:26:53 am | Posted By: CASANSAAR
RBI/2024-25/71
DOR.STR.REC.41/04.02.001/2024-25
August 29, 2024
All Scheduled Commercial Banks (excluding RRBs),
Primary (Urban) Cooperative Banks & State Cooperative Banks (scheduled banks having AD category-I license), and
Exim Bank
Dear Sir / Madam,
Interest Equalization Scheme (IES) on Pre and Post Shipment Rupee Export Credit
Please refer to the instructions issued videcircular No. DOR.STR.REC.78/04.02.001/2023-24 dated February 22, 2024.
2. Government of India, vid...
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RBI |
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0 | Hits : 1944
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Processing of e-mandates for recurring transactions - RBI
Posted Date : 23-Aug-2024 , 07:47:41 am | Posted By: CASANSAAR
RBI/2024-25/64
CO.DPSS.POLC.No.S528/02-14-003/2024-25
August 22, 2024
The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks, including Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Payments Banks /
Small Finance Banks / Local Area Banks /
Non-bank Prepaid Payment Instrument issuers / Authorised Card Payment Networks /
National Payments Corporation of India
Madam / Dear Sir,
...
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RBI |
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0 | Hits : 1993
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Review of Master Direction - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017
Posted Date : 20-Aug-2024 , 01:17:47 pm | Posted By: CASANSAAR
=
RBI/2024-25/63
DoR.FIN.REC.35/03.10.124/2024-25
August 16, 2024
All Non-Banking Financial Company – Peer to Peer Lending Platforms
Dear Sir/ Madam,
Review of Master Direction - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017
Please refer to theMaster Direction - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017(the Directions).
2. The Directions envisaged the Non-Bank...
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RBI |
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Review of Risk Weights for Housing Finance Companies (HFCs) - RBI
Posted Date : 13-Aug-2024 , 09:21:10 pm | Posted By: CASANSAAR
RBI/2024-25/62
DOR.CRE.REC.33/08.12.001/2024-25
August 12, 2024
Housing Finance Companies
Madam/ Dear Sir,
Review of Risk Weights for Housing Finance Companies (HFCs)
Please refer toMaster Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 dated February 17, 2021, as updated from time to time. On a review, it has been decided to carry out the following modifications:
(i) Risk weighted assets for undisbursed amount of...
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RBI |
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0 | Hits : 1965
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Review of regulatory framework for HFCs and harmonisation of regulations applicable to HFCs and NBFCs
Posted Date : 13-Aug-2024 , 09:19:52 pm | Posted By: CASANSAAR
RBI/2024-25/61
DOR.FIN.REC.No.34/03.10.136/2024-25
August 12, 2024
All Housing Finance Companies (HFCs)
All Non-Banking Finance Companies (NBFCs)
Dear Sir/ Madam,
Review of regulatory framework for HFCs and harmonisation of regulations applicable to HFCs and NBFCs
Please refer to thecircular DOR.NBFC (HFC).CC.No.118/03.10.136/2020-21 dated October 22, 2020. In terms of para 4 of the above circular, it was advised that further harmonisation of regulations applicable to HFCs and N...
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RBI |
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Frequency of reporting of credit information by Credit Institutions to Credit Information Companies - RBI
Posted Date : 09-Aug-2024 , 11:07:19 am | Posted By: CASANSAAR
RBI/2024-25/60
DoR.FIN.REC.No.32/20.16.056/2024-25
August 08, 2024
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks, and excluding Payments Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ Central Co-operative Banks
All-India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID)
All Non-Banking Financial Companies (including Housing Finance Companies)
All Asset Reconstruction Companies
All Credit Informa...
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RBI |
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Modified Interest Subvention Scheme for Short Term Loans for Agriculture & Allied Activities availed through Kisan Credit Card
Posted Date : 07-Aug-2024 , 07:28:18 am | Posted By: CASANSAAR
RBI/2024-25/59
FIDD.CO.FSD.BC.No.8/05.02.001/2024-25
August 06, 2024
The Chairman/Managing Director/Chief Executive Officer
All Public Sector Banks, Private Sector Banks and
Small Finance Banks
Madam/Dear Sir,
Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2024-25
Please refer to ourcircular FIDD.CO.FSD.BC.No.13/05.02.001/2022-23 dated November 23, 2022conveying the...
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RBI |
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Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2024-25
Posted Date : 06-Aug-2024 , 07:22:39 pm | Posted By: CASANSAAR
RBI/2024-25/59
FIDD.CO.FSD.BC.No.8/05.02.001/2024-25
August 06, 2024
The Chairman / Managing Director / Chief Executive Officer All Public Sector Banks, Private Sector Banks and Small Finance Banks
Madam/Dear Sir,
Modified Interest Subvention Scheme for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC) during the financial year 2024-25
Please refer to ourcircular FIDD.CO.FSD.BC.No.13/05.02.001/2022-23 dated November 23, 2022conveyi...
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RBI |
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Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks
Posted Date : 06-Aug-2024 , 07:19:48 pm | Posted By: CASANSAAR
RBI/2024-25/58
DOR.CAP.REC.No.27/09.18.201/2024-25
August 02, 2024
Dear Sir/ Madam,
Prudential Treatment of Bad and Doubtful Debt Reserve by Co-operative Banks
As you are aware, under the provisions of the respective State Co-operative Societies Acts, or otherwise, on prudential consideration, several co-operative banks have created Bad and Doubtful Debt Reserve (BDDR)1. While in some cases, BDDR is created by recognising an expense in the Profit and Loss (P&L) Account, in o...
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RBI |
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RBI Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators
Posted Date : 30-Jul-2024 , 10:49:32 pm | Posted By: CASANSAAR
RBI/DPSS/2024-25/123
CO.DPSS.OVRST.No.S447/06-26-002/2024-25
July 30, 2024
The Chairman / Managing Director / Chief Executive Officer
Authorised Non-bank Payment System Operators
Madam / Dear Sir,
Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators
The safety and security of payment systems is a key objective of the Reserve Bank of India (RBI). To ensure that the authorised non-bank Payment System Operators (PSOs) are...
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RBI |
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RBI Guidelines on treatment of Dividend Equalisation Fund (DEF)- Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 30-Jul-2024 , 10:48:33 pm | Posted By: CASANSAAR
RBI/2024-25/57
DOR.CAP.REC.No.30/09.18.201/2024-25
July 30, 2024
Dear Sir/ Madam,
Guidelines on treatment of Dividend Equalisation Fund (DEF)- Primary (Urban) Co-operative Banks (UCBs)
Please refer toMaster Circular DOR.CAP.REC.5/09.18.201/2024-25 dated April 01, 2024on “Prudential Norms on Capital Adequacy - Primary (Urban) Co-operative Banks (UCBs)”,Master Circular DoR.CRE.REC.71/07.10.002/2023-24 dated January 16, 2024on “Exposure Norms and Statutory / Other Res...
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RBI |
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RBI Master Direction on Treatment of Wilful Defaulters and Large Defaulters
Posted Date : 30-Jul-2024 , 10:47:27 pm | Posted By: CASANSAAR
RBI/DoR/2024-25/122
DoR.FIN.REC.No.31/20.16.003/2024-25
July 30, 2024
All Commercial Banks including Small Finance Banks, Local Area Banks and Regional Rural Banks and excluding Payments Banks
All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Co-operative Banks
All India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID)
All Non-Banking Financial Companies including Housing Finance Companies
All Asset Reconstruction Companies
All Credit Informat...
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RBI |
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Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 27-Jul-2024 , 08:21:59 am | Posted By: CASANSAAR
RBI/2024-25/55
DOS.CO.PPG.SEC.No.8/11.01.005/2024-25
July 26, 2024
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs)
Please refer to thecircular DOR (PCB).BPD.Cir No.9/12.05.001/2019-20 dated January 6, 2020on the Supervisory Action Framework for Primary (Urban) Co-operative Banks (UCBs).
2. The existing Supervisory Action Framework (SAF) for UCBs has since been reviewed. Accordingly,...
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RBI |
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Small Value Loans – Primary (Urban) Co-operative Banks (UCBs)
Posted Date : 25-Jul-2024 , 10:35:01 pm | Posted By: CASANSAAR
RBI/2024-25/53
DOR.CRE.REC.28/07.10.002/2024-25
July 25, 2024
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Small Value Loans – Primary (Urban) Co-operative Banks (UCBs)
Please refer to paras 2.2 and 2.2.1 of thecircular DOR (PCB).BPD.Cir No.10/13.05.000/2019-20 dated March 13, 2020, in terms of which, UCBs were required,inter alia, to have at least 50 per cent of their aggregate loans and advances comprising of Small Value Loans, i.e., loans of value not more th...
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RBI |
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Bank Finance against Shares and Debentures - RBI
Posted Date : 25-Jul-2024 , 10:34:07 pm | Posted By: CASANSAAR
RBI/2024-25/54
DOR.CRE.REC.29/07.10.002/2024-25
July 25, 2024
All Primary (Urban) Co-operative Banks
Madam / Dear Sir,
Bank Finance against Shares and Debentures
Please refer to thecircular UBD.No.DS.PCB.CIR.16/13.05.00/2001-02 dated October 22, 2001and para 6.6.5 ofMaster Circular - Exposure Norms and Statutory / Other Restrictions – UCBs dated January 16, 2024, in terms of which Primary (Urban) Co-operative Banks (UCBs) were advised that the aggregate of their all loans a...
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Category :
RBI |
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