Master Direction – Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021
Posted Date : 17-Sep-2021 , 08:06:30 am | Posted By: CASANSAAR
RBI/2021-22/84
FMRD.FMD.07/02.03.247/2021-22
September 16, 2021
To,
All Eligible Market Participants
Madam/Sir,
Master Direction – Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021
Please refer to Paragraph 11 of theStatement on Developmental and Regulatory Policiesannounced as a part of theBi-monthly Monetary Policy Statement for 2020-21 dated December 04, 2020, regarding review of the Comprehensive Guidelines on Derivatives (CGD).
2. The draf...
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RBI |
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Application for Aadhaar e-KYC Authentication Licence - RBI
Posted Date : 14-Sep-2021 , 08:16:21 am | Posted By: CASANSAAR
RBI/2021-22/98
DOR.AML.REC 48/14.01.001/2021-22
September 13, 2021
The Chairpersons / CEOs of all Non-Banking Finance Companies (NBFCs), Payment System Providers and Payment System Participants
Madam / Dear Sir,
Application for Aadhaar e-KYC Authentication Licence
In terms of Section 11A of the PML Act, 2002, entities other than banking companies may, by notification of the Central Government, be permitted to carry out authentication of client’s Aadhaar number using e-K...
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RBI |
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Tokenisation – Card Transactions: Permitting Card-on-File Tokenisation (CoFT) Services
Posted Date : 09-Sep-2021 , 08:42:28 am | Posted By: CASANSAAR
RBI/2021-22/96
CO.DPSS.POLC.No.S-516/02-14-003/2021-22
September 07, 2021
All Payment System Providers and Payment System Participants
Madam / Dear Sir,
Tokenisation – Card Transactions: Permitting Card-on-File Tokenisation (CoFT) Services
We invite reference to ourcircular DPSS.CO.PD No.1463/02.14.003/2018-19 dated January 8, 2019on “Tokenisation – Card transactions”, permitting authorised card networks to offer card tokenisation services subject to the c...
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RBI |
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Master Direction on Financial Statements - Presentation and Disclosures - RBI
Posted Date : 31-Aug-2021 , 07:40:18 am | Posted By: CASANSAAR
The Reserve Bank of India has, from time to time, issued several guidelines/instructions/directives to the banks on the presentation of financial statements, regulatory clarification on compliance with accounting standards, and disclosures in notes to accounts....
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RBI |
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Guidelines on Compensation of Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff - RBI
Posted Date : 31-Aug-2021 , 07:36:02 am | Posted By: CASANSAAR
RBI/2021-22/95
DOR.GOV.REC.44/29.67.001/2021-22
August 30, 2021
All Private Sector Banks (including Local Area Banks, Small Finance
Banks, Payments Banks) and Foreign Banks operating in India
Dear Sir/Madam,
Guidelines on Compensation of Whole Time Directors/ Chief Executive Officers/ Material Risk Takers and Control Function staff - Clarification
Please refer to para 2.1.2 (f) of ourcircular DOR.Appt.BC.No.23/29.67.001/2019-20 dated November 04, 2019on the captioned subject. In...
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RBI |
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Enhancements to Indo-Nepal Remittance Facility Scheme - RBI
Posted Date : 28-Aug-2021 , 07:34:52 am | Posted By: CASANSAAR
RBI/2021-22/94
CO.DPSS.RPPD.No.S475/04.09.003/2021-22
August 27, 2021
The Chairman / Managing Director / Chief Executive Officer
of all banks participating in NEFT
Madam / Dear Sir,
Enhancements to Indo-Nepal Remittance Facility Scheme
The Indo-Nepal Remittance Facility Scheme (Scheme) was launched by the Reserve Bank of India in May 2008 as an option for cross-border remittances from India to Nepal, with special focus on requirements of migrant workers of Nepali origin working ...
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RBI |
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Review of incentive and other measures to enhance distribution of coins - RBI
Posted Date : 28-Aug-2021 , 07:33:18 am | Posted By: CASANSAAR
RBI/2021-22/93
DCM (CC) No.97527/03.41.01/2021-22
August 27, 2021
The Chairman / Managing Director &
Chief Executive Officer
(All Scheduled Commercial banks including RRBs)
Madam / Dear Sir,
Review of incentive and other measures to enhance distribution of coins
Please refer to ourMaster Direction DCM (CC) No.G-2/03.41.01/2021-22 dated April 01, 2021on “Currency Distribution & Exchange Scheme (CDES)” for bank branches including currency chests which inter al...
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RBI |
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Master Directions on Prepaid Payment Instruments (PPIs) - RBI
Posted Date : 28-Aug-2021 , 07:32:09 am | Posted By: CASANSAAR
This has reference to the Master Direction dated October 11, 2017 on Issuance and Operation of Prepaid Payment Instruments (PPI-MD) and subsequent amendments made thereto. Keeping in view the recent updates to PPI guidelines, it has been decided to issue the Master Directions afresh....
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RBI |
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Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021
Posted Date : 27-Aug-2021 , 09:42:54 am | Posted By: CASANSAAR
The Reserve Bank of India has, from time to time, issued several guidelines / instructions / directives to the banks on Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks...
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RBI |
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Tokenisation – Card Transactions : Extending the Scope of Permitted Devices
Posted Date : 27-Aug-2021 , 09:40:17 am | Posted By: CASANSAAR
RBI/2021-22/92
CO.DPSS.POLC.No.S-469/02-14-003/2021-22
August 25, 2021
The Chief Executive Officer / President
All authorised card networks
Madam / Dear Sir,
Tokenisation – Card Transactions : Extending the Scope of Permitted Devices
We invite reference to ourcircular DPSS.CO.PD No.1463/02.14.003/2018-19 dated January 08, 2019on “Tokenisation – Card transactions”, permitting authorised card networks to offer card tokenisation services to any token request...
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RBI |
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Specified Professionals exempt from Online Proficiency Self Assessment Test for becoming Independent Director
Posted Date : 21-Aug-2021 , 08:23:28 am | Posted By: CASANSAAR
MCA exempts CA, CMA, CS & Advocate having 10 years experience from Online Proficiency Self Assessment Test for becoming Independent Director
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 19th August, 2021
G.S.R. 579(E).—In exercise of the powers conferred by section 149 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Appointment and Qualification of Directo...
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Corporate Laws |
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CBDT notifies new Income Tax Rule 12AA and Rule 51B
Posted Date : 21-Aug-2021 , 08:16:39 am | Posted By: CASANSAAR
G.S.R. 578(E).—In exercise of the powers conferred by clause (c) and clause (cd) of section 140 and clause (viii) of sub-section (2) of section 288 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend Income-tax Rules, 1962, namely:-...
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CBDT |
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Safe Deposit Locker/Safe Custody Article Facility provided by the banks - Revised Instructions
Posted Date : 19-Aug-2021 , 08:57:09 am | Posted By: CASANSAAR
RBI/2021-2022/86
DOR.LEG.REC/40/09.07.005/2021-22
August 18, 2021
All Scheduled Commercial Banks (including RRBs)
All Co-operative Banks
All Small Finance Banks
All Payments Banks
All Local Area Banks
Madam/Sir,
Safe Deposit Locker/Safe Custody Article Facility provided by the banks- Revised Instructions
Please refer to the extant instructions issued to Regulated Entities (REs) by the Reserve Bank on the above subject. Taking into consideration the various developments in the...
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RBI |
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Penalty on banks if Cash-out at any ATM of more than ten hours - RBI
Posted Date : 11-Aug-2021 , 10:21:20 am | Posted By: CASANSAAR
RBI/2021-22/84
DCM (RMMT) No.S153/11.01.01/2021-22
August 10, 2021
The Chairman /
Managing Director & CEO
All Banks
Dear Sir / Madam,
Monitoring of Availability of Cash in ATMs
As you are aware, the Reserve Bank of India has a mandate to issue banknotes and the banks are fulfilling this mandate by dispensing banknotes to the public through their wide network of branches and ATMs. In this connection, a review of downtime of ATMs due to cash-outs was undertaken and it was obs...
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RBI |
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Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation
Posted Date : 10-Aug-2021 , 07:49:11 am | Posted By: CASANSAAR
RBI/2021-22/82
DOR.RET.REC.36/12.01.001/2021-22
August 09, 2021
All Scheduled Banks
Madam/Sir
Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity
Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation
Please refer tocircular DOR.No.Ret.BC.36/12.01.001/2020-21 dated February 05, 2021, on Marginal Standing Facility (MSF), wherein the banks were allowed to avail of funds under the MSF by dipping into the Statutory Liquid...
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RBI |
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Enhancement of collateral free loans to Self Help Groups (SHGs) under DAY-NRLM from ₹10 lakh to ₹20 Lakh
Posted Date : 10-Aug-2021 , 07:45:47 am | Posted By: CASANSAAR
RBI/2021-22/83
FIDD.GSSD.CO.BC.No.09/09.01.003/2021-22
August 9, 2021
The Chairman/ Managing Director/Chief Executive Officer
Public Sector Banks
Private Sector Banks
(including Small Finance Banks)
Madam/Dear Sir,
Enhancement of collateral free loans to Self Help Groups (SHGs) under DAY-NRLM from ₹10 lakh to ₹20 Lakh
Please refer to theMaster Circular FIDD.GSSD.CO.BC.No.04/09.01.01/2021-22 dated April 1, 2021, on Deendayal Antyodaya Yojana - National Rural Livelih...
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RBI |
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Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts
Posted Date : 07-Aug-2021 , 08:38:33 am | Posted By: CASANSAAR
RBI/2021-22/81
DOR.MRG.39/21.04.157/2021-22
August 06, 2021
All Banks
Madam / Dear Sir,
Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts
Please refer to paragraph 2.2 of ourcircular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008, in terms of which any change in any of the parameters of the original derivative contract would be treated as a restructuring.
2. In this context, it is clarified that change in the ter...
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RBI |
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Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised timelines for compliance
Posted Date : 07-Aug-2021 , 08:37:34 am | Posted By: CASANSAAR
RBI/2021-22/80
DOR.STR.REC.38/21.04.048/2021-22
August 6, 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 All-India Financial Institutions
All Non-Banking Financial Companies (including Housing Finance Companies)
Madam / Dear Sir,
Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised t...
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RBI |
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Export Credit in Foreign Currency – Benchmark Rate
Posted Date : 07-Aug-2021 , 08:36:36 am | Posted By: CASANSAAR
RBI/2021-2022/79
DOR.DIR.REC.37/04.02.002/2021-22
August 6, 2021
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
All Primary (Urban) Co-operative Banks1
All Small Finance Banks
Dear Sir / Madam,
Export Credit in Foreign Currency – Benchmark Rate
Please refer toMaster Circular DBR.No.DIR.BC.14/04.02.002/2015-16 dated July 1, 2015on Rupee / Foreign Currency Export Credit and Customer Service to Exporters.
2. As per the extant guidelines, authorized deale...
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RBI |
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Guidelines for Implementation of the circular on Opening of Current Accounts by Banks
Posted Date : 05-Aug-2021 , 08:21:16 am | Posted By: CASANSAAR
RBI/2021-22/77
DOR.CRE.REC.35/21.04.048/2021-22
August 04, 2021
To,
All Scheduled Commercial Banks
All Payments Banks
Madam / Dear Sir,
Guidelines for Implementation of the circular on
Opening of Current Accounts by Banks
Please refer tocirculars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020,DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020andDOR.No.BP.BC.30/21.04.048/2020-21 dated December 14, 2020on Opening of Current Accounts by Banks - Need for Discipline....
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RBI |
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Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators
Posted Date : 04-Aug-2021 , 06:56:59 am | Posted By: CASANSAAR
RBI/2021-22/76
CO.DPSS.POLC.No.S-384/02.32.001/2021-2022
August 3, 2021
The Chairman / Managing Director / Chief Executive Officer
All Non-Bank Payment System Operators
Madam / Dear Sir,
Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators
The Payment System Operators (PSOs), by virtue of services they provide and the construct of models on which they operate, largely outsource their payment and settlement-related activities to vario...
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RBI |
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Accounting Standard to be followed by IFSC Banking Units (IBUs)
Posted Date : 31-Jul-2021 , 08:35:22 am | Posted By: CASANSAAR
Accounting Standard to be followed by IFSC Banking Units (IBUs) for the purpose of IFSCA regulatory reporting and compliance.
Adopting a uniform set of accounting standards is one of the essential steps towards achieving uniformity and enhanced international comparability in financial reporting....
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RBI |
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Rating of Deposits of HFCs – Approved Credit Rating Agencies and Minimum Investment Grade Credit Rating
Posted Date : 30-Jul-2021 , 08:55:26 am | Posted By: CASANSAAR
RBI/2021-22/74
DOR.FIN.REC.No.34/03.10.136/2021-22
July 29, 2021
All deposit taking Housing Finance Companies (HFCs)
Madam/ Dear Sir,
Rating of Deposits of HFCs – Approved Credit Rating Agencies and Minimum Investment Grade Credit Rating
A reference is invited to Para 25.2 ofMaster Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021, wherein the names of five approved credit rating agencies and their minimum invest...
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RBI |
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Access for Non-banks to Centralised Payment Systems - RBI
Posted Date : 29-Jul-2021 , 08:49:36 am | Posted By: CASANSAAR
RBI/2021-22/73
DPSS.CO.LVPD No.S290/04.04.009/2021-22
July 28, 2021
The Chairman / Managing Director / Chief Executive Officer
Authorised Non-bank Payment System Providers
Madam / Dear Sir,
Access for Non-banks to Centralised Payment Systems
A reference is invited to Paragraph 9 of theStatement on Developmental and Regulatory Policies dated April 07, 2021wherein it was announced that the Reserve Bank shall encourage participation of non-banks in Reserve Bank of India-operated Ce...
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RBI |
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Master Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021
Posted Date : 22-Jul-2021 , 09:48:25 am | Posted By: CASANSAAR
In exercise of the powers conferred by Section 35 A of the Banking Regulation Act, 1949 and pursuant to Section 42 of the Reserve Bank of India Act, 1934 and Sections 18, 24 and 56 of the Banking Regulation Act, 1949 as amended from time to time, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest so to do, hereby, issues the Directions hereinafter specified....
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RBI |
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Extension of time limit for filing claims under the Transport and Marketing Assistance (TMA) Scheme
Posted Date : 15-Jul-2021 , 09:17:43 am | Posted By: CASANSAAR
Government of India
Ministry of Commerce and Industry
Department of Commerce
Udyog Bhavan, New Delhi
New Delhi
Public Notice No. 14/2015-2020 | Dated 13th July, 2021
Subject: Extension of time limit for filing claims under the Transport andMarketing Assistance (TMA) Scheme for specified agriculturalproducts.
In exercise of powers conferred under paragraph 2.04 of theForeign Trade Policy 2015-2020, as amended from time to time, the Director General of Foreign Trade hereby makes the f...
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DGFT |
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Cassette - Swaps in ATMs - RBI
Posted Date : 15-Jul-2021 , 09:14:37 am | Posted By: CASANSAAR
RBI/2021-22/71
DCM (Plg.) No.S39/10.25.007/2021-22
July 12, 2021
The Chairman / Managing Director & Chief Executive Officer
All Scheduled Commercial Banks including RRBs
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks.
Madam / Dear Sir,
Cassette - Swaps in ATMs
Please refer to ourcircular RBI/2017-18/162/DCM (Plg.) No.3641/10.25.007/2017-18 dated April 12, 2018on the captioned subject wherein banks were advised to consider using lo...
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RBI |
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Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation
Posted Date : 10-Jul-2021 , 09:36:51 am | Posted By: CASANSAAR
RBI/2021-22/70
DoR.ORG.REC.31/21.06.017/2021-22
July 9, 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
Dear Sir,
Mandatory Leave for Employees Posted in
Sensitive Positions or Areas of Operation
Please refer to ourcircular DBR.No.BP.BC.88/21.04.048/2014-15 dated April 23, 2015, advising banks to implement a ‘Mandatory L...
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RBI |
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New Definition of Micro, Small and Medium Enterprises - Addition of Retail and Wholesale Trade
Posted Date : 08-Jul-2021 , 08:44:55 am | Posted By: CASANSAAR
RBI/2021-2022/67
FIDD.MSME & NFS.BC.No.13/06.02.31/2021-22
July 7, 2021
The Chairman/ Managing Director/Chief Executive Officer
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
All Non-Banking Financial Companies
Dear Sir/Madam,
New Definition of Micro, Small and Medium Enterprises - Addition o...
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Category :
RBI |
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CBDT allows manual filing of Form 15CA/15CB till 15th July 2021
Posted Date : 06-Jul-2021 , 09:25:38 am | Posted By: CASANSAAR
Ministry of Finance
CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB
Posted On: 05 JUL 2021
As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before submitting the copy to the authorised dealer for any foreign remittance.
In view of the difficulties rep...
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CBDT |
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