Restriction on storage of actual card data [i.e. Card-on-File (CoF)] - RBI
Posted Date : 24-Dec-2021 , 09:44:53 am | Posted By: CASANSAAR
RBI/2021-2022/142
CO.DPSS.POLC.No.S-1211/02-14-003/2021-22
December 23, 2021
All Payment System Providers and Payment System Participants
Madam / Dear Sir,
Restriction on storage of actual card data [i.e. Card-on-File (CoF)]
In terms of ourcircular DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020on “Guidelines on Regulation of Payment Aggregators and Payment Gateways”, the authorised non-bank payment aggregators and merchants on-boarded by them were prohibite...
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Mandatory Aadhar authentication for GST Refund & Revocation application
Posted Date : 22-Dec-2021 , 10:14:14 am | Posted By: CASANSAAR
Ministry Of Finance
(Department Of Revenue)
(Central Board Of Indirect Taxes And Customs)
New Delhi
Notification No. 38/2021–Central Tax | Dated: 21st December, 2021
G.S.R. 875(E).—In pursuance of sub-rule (2) of rule 1 of the Central Goods and Services Tax (Eighth Amendment) Rules, 2021, No. 35/2021-Central Tax, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R 659(E), dated the 24th September, 2021, the Central...
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GST |
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Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)
Posted Date : 16-Dec-2021 , 08:53:17 am | Posted By: CASANSAAR
RBI/2021-22/140
CO.DGBA.GBD.No.S1112/42-01-033/2021-2022
December 15, 2021
All Scheduled Payments Banks and Scheduled Small Finance Banks in India
Dear Sir / Madam
Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)
Please refer toRBI Circular RBI/2021-22/36; CO.DGBA.GBD.No.S77/42.01.033/2021-22 dated May 10, 2021on the captioned subject.
2. It has now been decided in consultation with the ...
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RBI |
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Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs)
Posted Date : 16-Dec-2021 , 08:52:12 am | Posted By: CASANSAAR
RBI/2021-22/139
DoS.CO.PPG.SEC.7/11.01.005/2021-22
December 14, 2021
All Deposit Taking NBFCs
[Excluding Government Companies]
All Non-Deposit Taking NBFCs in Middle, Upper and Top Layers1
[Excluding – (i) NBFCs not accepting/not intending to accept public funds2;
(ii) Government Companies, (iii) Primary Dealers and (iv) Housing Finance Companies]
Dear Sir / Madam,
Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs)
Reserve Bank of India...
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RBI |
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Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - return to the normal dispensation
Posted Date : 11-Dec-2021 , 08:39:50 am | Posted By: CASANSAAR
RBI/2021-22/138
DOR.RET.REC.73/12.01.001/2021-22
December 10, 2021
All Scheduled Banks
Madam/Sir,
Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - return to the normal dispensation
Please refer tocircular DOR.RET.REC.36/12.01.001/2021-22 dated August 09, 2021and paragraph 15(i) of theMaster Direction DOR.No.RET.REC.32/12.01.001/2021-22 dated July 20, 2021, on Marginal Standing Facility...
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RBI |
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Introduction of Legal Entity Identifier for Cross-border Transactions
Posted Date : 11-Dec-2021 , 08:39:10 am | Posted By: CASANSAAR
RBI/2021-22/137
A.P. (DIR Series) Circular No. 20
December 10, 2021
To
All Category-I Authorised Dealer Banks
Madam / Sir,
Introduction of Legal Entity Identifier for Cross-border Transactions
The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide to improve the quality and accuracy of financial data systems. LEI has been introduced by the Reserve Bank in a phased manner for participants in the over the coun...
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RBI |
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Appointment of Internal Ombudsman by Non-Banking Financial Companies
Posted Date : 16-Nov-2021 , 08:23:27 am | Posted By: CASANSAAR
RBI/2021-2022/126
CO.CEPD.PRS.No.S874/13-01-008/2021-2022
November 15, 2021
The Chairman/Managing Director & CEO
a) NBFCs-D with 10 or more branches, and
b) NBFCs-ND with asset size of Rs 5,000 crore and above (excluding NBFCs given in para 3 of this direction)
Madam/Dear Sir,
Appointment of Internal Ombudsman by Non-Banking Financial Companies
In exercise of the powers conferred by Section 45 (L) read with 45 (M) of the Reserve Bank of India Act, 1934, Reserve Bank of Indi...
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RBI |
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Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances - Clarifications
Posted Date : 13-Nov-2021 , 09:11:01 am | Posted By: CASANSAAR
RBI/2021-2022/125
DOR.STR.REC.68/21.04.048/2021-22
November 12, 2021
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-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI)
All Non-Banking Financial Companies (including Housing Finance Companies)
Madam/Dear Sir,
Prudential norms on Income Recogniti...
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RBI |
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Auction of Government Securities: Non-Competitive Bidding Facility to retail investors
Posted Date : 13-Nov-2021 , 09:10:16 am | Posted By: CASANSAAR
RBI/2021-2022/124
CO.IDMD.GBD(P).No.S1242/08.01.001/2021-22
November 12, 2021
All Scheduled Commercial Banks
All State Co-operative Banks / All Scheduled Primary
(Urban) Co-operative Banks / All Financial Institutions /
All Primary Dealers/All stock exchanges/
Clearing Corporation of India Ltd
Madam/ Dear Sir,
Auction of Government Securities: Non-Competitive Bidding Facility to retail investors
As part of continuing efforts to increase retail participation in government secu...
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RBI |
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Reserve Bank - Integrated Ombudsman Scheme, 2021
Posted Date : 13-Nov-2021 , 09:09:26 am | Posted By: CASANSAAR
DEPUTY GOVERNOR
Reserve Bank of India
Mumbai
Reserve Bank - Integrated Ombudsman Scheme, 2021
NOTIFICATION
Ref. CEPD. PRD. No.S873/13.01.001/2021-22
November 12, 2021
In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949 (10 of 1949), Section 45L of the Reserve Bank of India Act, 1934 (2 of 1934) and Section 18 of the Payment and Settlement Systems Act, 2007 (51 of 2007), and in supersession of its Notifications Ref. (i) CEPD. PRS. No. 6317...
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RBI |
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Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] - Master Direction on Interest Rate on Deposits
Posted Date : 12-Nov-2021 , 09:38:34 am | Posted By: CASANSAAR
RBI/2021-2022/123
DOR.SOG (SPE).REC.No 67/13.03.00/2021-22
November 11, 2021
All Scheduled Commercial Banks (including Regional Rural Banks)
All Small Finance Banks
All Local Area Banks
All Payment Banks
All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative Banks
Dear Sir / Madam,
Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] - Master Direction on Interest Rate on Deposits
Please refer to the instructions on the Foreign Currency (Non-resident) A...
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RBI |
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Master Circular - Guarantees and Co-acceptances - RBI
Posted Date : 10-Nov-2021 , 10:32:23 am | Posted By: CASANSAAR
Please refer to the Master Circular DBR.No.Dir.BC.11/13.03.00/2015-16 dated July 1, 2015 consolidating the instructions / guidelines issued to banks till June 30, 2015, relating to Guarantees and Co-acceptances. This Master Circular consolidates the instructions on the above matter issued up to November 8, 2021....
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RBI |
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Investment by Foreign Portfolio Investors (FPIs) in Debt – Review
Posted Date : 09-Nov-2021 , 07:59:02 am | Posted By: CASANSAAR
RBI/2021-22/120
A.P. (DIR Series) Circular No. 16
November 08, 2021
To
All Authorised Persons
Madam / Sir
Investment by Foreign Portfolio Investors (FPIs) in Debt – Review
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, 2019, as amended from time to time and the relevant Directions issued thereun...
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RBI |
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Master Circular- Guarantees, Co-Acceptances & Letters of Credit - UCBs
Posted Date : 06-Nov-2021 , 08:05:39 am | Posted By: CASANSAAR
RBI/2021-22/119
DoR.STR.REC.65/09.27.000/2021-22
November 02, 2021
The Managing Director/ Chief Executive Officers
All Primary (Urban) Co-operative Banks
Dear Sir/ Madam,
Master Circular- Guarantees, Co-Acceptances & Letters of Credit - UCBs
Please refer to ourMaster Circular DCBR. BPD (PCB) MC. No.8/09.27.000/2015-16 dated July 1, 2015on the captioned subject (available at RBI websitehttps://rbi.org.in/). The enclosedMaster Circularconsolidates and updates all the instructi...
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RBI |
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Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks
Posted Date : 06-Nov-2021 , 08:04:51 am | Posted By: CASANSAAR
RBI/2021-22/118
DOS.CO.PPG.SEC.No.4/11.01.005/2021-22
November 02, 2021
All Scheduled Commercial Banks
(Excluding Small Finance Banks, Payment Banks and Regional Rural Banks)
Madam/ Dear Sir,
Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks
Please refer to thecircular No. DBS.CO.PPD.BC.No.8/11.01.005/2016-17 dated April 13, 2017on the Revised Prompt Corrective Action (PCA) Framework for Scheduled Commercial Banks (SCBs).
2. The existing PCA Framework fo...
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RBI |
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Master Circular- Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs
Posted Date : 02-Nov-2021 , 08:03:36 am | Posted By: CASANSAAR
Please refer to our Master Circular DCBR.BPD. (PCB) MC No.12/09.14.000/2015-16 dated July 1, 2015 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines on the subject issued up to October 31, 2021 as listed in the Annex 9....
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RBI |
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Opening of Current Accounts by Banks - Need for Discipline
Posted Date : 30-Oct-2021 , 08:30:42 am | Posted By: CASANSAAR
RBI/2021-22/116
DOR.CRE.REC.63/21.04.048/2021-22
October 29, 2021
All Scheduled Commercial Banks
All Payments Banks
Madam/Sir,
Opening of Current Accounts by Banks - Need for Discipline
Please refer to ourcircular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020on the captioned subject and associated circulars thereon1.
2. On a review and taking into account feedback received from Indian Banks’ Association (IBA) and other stakeholders, it has been decided that bank...
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RBI |
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Gold Monetization Scheme (GMS), 2015 - RBI
Posted Date : 29-Oct-2021 , 07:40:55 am | Posted By: CASANSAAR
RBI/2021-22/115
DoR.AUT.REC.62/23.67.001/2021-22
October 28, 2021
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/Madam
Gold Monetization Scheme (GMS), 2015
In exercise of the powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the following amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015)Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015, with ...
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RBI |
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Master Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021
Posted Date : 27-Oct-2021 , 07:51:10 am | Posted By: CASANSAAR
The Reserve Bank of India has, from time to time, issued several guidelines / instructions / directives to Local Area Banks on Prudential Norms on Capital Adequacy.
2. To enable Local Area Banks to have current instructions at one place, a Master Direction, incorporating all the existing guidelines / instructions / directives on the subject, has been prepared for reference of the banks.
3. This Direction has been issued by RBI in exercise of its powers conferred under Section 35A...
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RBI |
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MCA allows LLPs to file form 8 without additional fess upto 31-12-2021
Posted Date : 27-Oct-2021 , 07:46:35 am | Posted By: CASANSAAR
Relaxations in paying additional fees in case of delay in filing Form 8 (the Statement of Account and Solvency) by Limited Liability Partnerships upto 30th December, 2021...
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Companies Act |
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Sovereign Gold Bond Scheme of the Government of India (GoI) - Procedural Guidelines - Consolidated
Posted Date : 23-Oct-2021 , 07:29:09 am | Posted By: CASANSAAR
The Sovereign Gold Bond (SGB) Scheme was first launched by Government of India (GOI) on October 30, 2015. As the “Receiving Offices” (RO), are entrusted with the responsibility of performing certain functions relating to receipt of applications and servicing of the bonds, RBI has also issued operational guidelines from time to time and Procedural Guidelines vide circular IDMD.CDD. No.1569/14.04.050/2016-17 dated December 23, 2016 for guidance to the Receiving Offices....
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RBI |
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Sovereign Gold Bond Scheme (SGB) 2021-22- Series VII/VIII/IX/X
Posted Date : 23-Oct-2021 , 07:25:27 am | Posted By: CASANSAAR
RBI/2021-2022/113
IDMD.CDD. No.1087/14.04.050/2021-22
October 22, 2021
The Chairman & Managing Director
All Scheduled Commercial Banks,
(Excluding RRBs)
Designated Post Offices
Stock Holding Corporation of India Ltd.(SHCIL)
National Stock Exchange of India Ltd, Bombay Stock Exchange Ltd
Clearing Corporation of India Limited.
Madam/Dear Sir,
Sovereign Gold Bond Scheme (SGB) 2021-22- Series VII/VIII/IX/X
Government of India has vide itsNotification No F.No4.(5)-B (W&M...
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RBI |
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Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs
Posted Date : 23-Oct-2021 , 07:24:46 am | Posted By: CASANSAAR
RBI/2021-22/112
DOR.CRE.REC.No.60/03.10.001/2021-22
October 22, 2021
All Non-Banking Financial Companies
Madam / Sir,
Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs
The contribution of NBFCs towards supporting real economic activity and their role as a supplemental channel of credit intermediation alongside banks is well recognised. Over the years, the sector has undergone considerable evolution in terms of size, complexity, and interconnectedness within t...
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RBI |
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Data Format for Furnishing of Credit Information to Credit Information Companies - RBI
Posted Date : 16-Oct-2021 , 07:48:02 am | Posted By: CASANSAAR
RBI/2021-22/111
DoR.FIN.REC.59/20.16.056/2021-22
October 14, 2021
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-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI)
All Non-Banking Financial Companies (including Housing Finance Companies)
All Credit Information Companies
Madam/Dear Sir,
Data Format for Furnishing of...
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RBI |
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Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility
Posted Date : 11-Oct-2021 , 09:04:19 am | Posted By: CASANSAAR
RBI/2021-22/110
FIDD.CO.Plan.BC.No.15/04.09.01/2021-22
October 8, 2021
The Chairman/ Managing Director
Chief Executive Officer
All Scheduled Commercial Banks
(Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area Banks)
Dear Sir/Madam,
Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility
Please refer to para 22 ofMaster Directions (MD) on PSL dated September 04, 2020(updated as on June 11, 20...
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RBI |
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Inclusion of “Paytm Payments Bank Limited†in the Second Schedule of the Reserve Bank of India Act, 1934
Posted Date : 08-Oct-2021 , 07:45:13 am | Posted By: CASANSAAR
RBI/2021-22/109
DOR.RET.REC.58/12.07.160/2021-22
October 07, 2021
All Scheduled Commercial Banks
Madam/Sir
Inclusion of “Paytm Payments Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
We advise that “Paytm Payments Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide notification DoR.LIC.No.S926/16.03.006/2021-22 dated September 06, 2021 and published in the Gazette of India (Part II...
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RBI |
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Revised Subsidiary General Ledger (SGL) Account Guidelines and Constituents' Subsidiary General Ledger (CSGL) Account Guidelines
Posted Date : 07-Oct-2021 , 08:09:41 am | Posted By: CASANSAAR
RBI/2021-22/107
IDMD.CDD.No.S931/11.22.001/2021-2022
October 5, 2021
All SGL/CSGL Holders
Madam/Sir,
Revised Subsidiary General Ledger (SGL) Account Guidelines and Constituents' Subsidiary General Ledger (CSGL) Account Guidelines
In exercise of powers conferred by Section 4 of Government Securities Act 2006, Reserve Bank of India has issued and gazetted revisedEligibility Criteria and Operational Guidelines for opening and maintaining of Subsidiary General Ledger (SGL) Accoun...
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RBI |
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Value Free Transfer (VFT) of Government Securities – Guidelines
Posted Date : 07-Oct-2021 , 08:08:25 am | Posted By: CASANSAAR
RBI/2021-22/108
IDMD.CDD.No.S930/11.22.003/2021-22
October 5, 2021
All SGL/CSGL Account holders
Madam/Sir,
Value Free Transfer (VFT) of Government Securities – Guidelines
A reference is invited toNotification No.78 dated November 16, 2018onValue Free Transfer (VFT) of Government Securities – Guidelinesunder which separate guidelines for VFT were issued to enable more efficient operations in the Government securities market. On a review, it has been decided to issue re...
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RBI |
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Govt forms committee for recommending names for appointment of Chairperson & full time members in NFRA
Posted Date : 07-Oct-2021 , 07:58:26 am | Posted By: CASANSAAR
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 29th September, 2021
S.O. 4075 (E).– In accordance with the provisions of sub-section (3) of the section 132 of the Companies Act, 2013and in pursuance of rule 4 of the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018, the Central Government hereby constitutes a search-cum-selection committee consisting of the following members fo...
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Corporate Laws |
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Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital
Posted Date : 05-Oct-2021 , 08:51:28 am | Posted By: CASANSAAR
RBI/2021-22/106
DOR.CAP.REC.No.56/21.06.201/2021-22
October 4, 2021
All Scheduled Commercial Banks (Excluding RRBs)
Dear Sir/ Madam,
Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas
Please refer to paragraph 1.16 of Annex 4 (Criteria for Inclusion of ...
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RBI |
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