Category - RBI

Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs

RBI/2017-18/87 DNBR.PD.CC.No.090/03.10.001/2017-18 November 09, 2017 To All Non-Banking Financial Companies (NBFCs), Madam/ Sir, Directions on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs In exercise of the powers conferred under Section 45 L of the Reserve Bank of India Act, 1934, the Reserve Bank of India after being satisfied that… Read More

Risk Management and Inter-Bank Dealings – Simplified Hedging Facility Guidelines : RBI

RBI/2017-18/88 A.P. (DIR Series) Circular No. 11 November 09, 2017 To, All Authorised Dealer Category - I Banks Madam/Sir, Risk Management and Inter-Bank Dealings – Simplified Hedging Facility Attention of Authorised Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May… Read More

FEMA (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017

RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 7th November, 2017 No. FEMA 20(R)/ 2017-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 G.S.R. 1374(E).— In exercise of the powers conferred by clause (b) of sub-section (3) of section 6 and section 47… Read More

RBI includes Utkarsh Small Finance Bank Limited in Schedule II of the Act

RESERVE BANK OF INDIA (Department of Banking Regulation) NOTIFICATION Mumbai, the 4th October, 2017 No. DBR.NBD. (SFB–UMFL).No. 2689/16.13.216/2017-2018.—In pursuance of clause (a) of sub- section (6) of Section 42 of Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India directs the inclusion in the Second Schedule to the said Act… Read More

Introduction of Legal Entity Identifier for large corporate borrowers: RBI

RBI/2017-18/82 DBR.No.BP.BC.92/21.04.048/2017-18 November 02, 2017 All Scheduled Commercial Banks (Excluding Regional Rural Banks), All India Financial Institutions (Exim Bank, SIDBI, NHB, NABARD), Local Area Banks, Small Finance Banks Madam/Dear Sir, Introduction of Legal Entity Identifier for large corporate borrowers The Legal Entity Identifier (LEI) code is conceived as a key measure to improve the quality… Read More

RBI includes Au Small Finance Bank Limited to second schedule of the Act

RESERVE BANK OF INDIA (Department of Banking Regulation) NOTIFICATION Mumbai, the 18th September, 2017 No. DBR.NBD. (SFB–AFL). No. 2689/16.13.216/2017-18.—In pursuance of clause (a) of sub-section (6) of Section 42 of Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India directs the inclusion in the Second Schedule to the said Act… Read More

Amendment to Sovereign Gold Bond Scheme, Notification No.4 (25)-W&M/2017 :RBI

Government of India Ministry of Finance Department of Economic Affairs New Delhi, dated the October 25, 2017 NOTIFICATION Amendment to Sovereign Gold Bond Scheme, Notification No.4 (25)-W&M/2017 1. GSR — In exercise of the powers conferred by clause (iii) of section 3 of the Government Securities Act, 2006 (38 of 2006), the Central Government hereby amends… Read More

Interest rates remains unchanged for Small Savings Schemes in Q3 of FY 2017-18

RBI/2017-18/74 DGBA.GBD.954/15.02.005/2017-18 October 12, 2017 The Chairman/Chief Executive Officer Agency Banks handling Public Provident Fund, Kisan Vikas Patra- 2014, Sukanya Samriddhi Account, Senior Citizen Savings Scheme-2004 Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.69/15.02.005/2017-18 dated July 13, 2017 on the above subject. The Government of India, had vide their Office Memorandum… Read More

Facilities for Hedging Trade Exposures invoiced in Indian Rupees: RBI

RBI/2017-18/75 A.P. (DIR Series) Circular No. 08 October 12, 2017 To All Authorized Dealer Category - I Banks Madam / Sir, Risk Management and Inter-Bank Dealings – Facilities for Hedging Trade Exposures invoiced in Indian Rupees Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management… Read More

Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public

RBI/2017-18/76 DCM (CC) No.G-3/03.44.01/2017-18 October 12, 2017 The Chairman & Managing Director Chief Executive Officers All Banks Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public Please refer to the Circular DCM (CC) No.G-3/03.44.01/2016-17 dated July 20, 2016 on the scheme of penalties. 2. A revised… Read More

Master Direction on Levy of Penal Interest for Delayed Reporting/Wrong Reporting/Non-Reporting of Currency Chest Transactions

RBI/DCM/2017-18/59 Master Direction DCM(CC) No.G - 2/03.35.01/2017-18 October 12, 2017 1. The Chairman& Managing Director/Chief Executive Officer (All Banks having Currency Chests) 2. The Director of Treasuries (State Governments) Dear Sir/Madam Master Direction on Levy of Penal Interest for Delayed Reporting/Wrong Reporting/Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances… Read More

Master Direction on Issuance and Operation of Prepaid Payment Instruments: RBI

RBI/DPSS/2017-18/58 Master Direction DPSS.CO.PD.No.1164/02.14.006/2017-18                                                                         October 11, 2017 All Prepaid Payment Instrument Issuers, System Providers and System Participants Dear Sir /… Read More

RBI circular on Maintenance of SLR and holdings of SLR in HTM category

RBI/2017-18/70 DBR.No.Ret.BC.90/12.02.001/2017-18 October 4, 2017 All Commercial Banks, Primary (Urban) Co-operative Banks (UCBs) State and Central Co-operative Banks (StCBs/CCBs) Madam/Dear Sir, Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of SLR and holdings of SLR in HTM category Please refer to our circulars DBR.No.BP.BC.65/21.04.141/2015-16 dated December 10, 2015 and DBR.No.Ret.BC.71/12.01.001/2016-17 dated June 7,… Read More

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