Category - RBI

RBI identifies 12 Accounts with 25% NPA refers under the IBC

RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC)   The Reserve Bank of India had issued a Press Release on May 22, 2017 outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. The Press Release had mentioned inter… Read More

RBI to conduct Variable rate Reverse Repo auctions on June 12, 2017

The Reserve Bank of India will conduct the following Variable rate Reverse Repo auctions on June 12, 2017, Monday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.   Sl. No. Notified Amount (Rs. billion) Tenor (day) Window Timing Date of Reversal 1 100 28 10.00 am to 10.30 am… Read More

RBI releases master directions on IT framework for the NBFC Sector

RBI/DNBS/2016-17/53 Master Direction DNBS.PPD.No.04/66.15.001/2016-17 June 08, 2017 Master Direction - Information Technology Framework for the NBFC Sector In exercise of the powers conferred in terms of clause (b) of sub-section (1) of 45-L of the Reserve Bank of India Act, 1934 (Act 2 of 1934), the Reserve Bank of India being satisfied for the purpose… Read More

RBI reduces the SLR under banking regulation Act, 1949

RBI/2016-17/318 DBR.No.Ret.BC.71/12.02.001/2016-17 June 7, 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 Statutory Liquidity Ratio (SLR) Please refer to our circular DBR.No.Ret.BC.64/12.01.001/2015-16 dated December 10, 2015, on maintenance of Statutory Liquidity Ratio… Read More

RBI revises rules for issuance of rupee denominated bonds

RBI/2016-17/316 A. P. (DIR Series) Circular No.47 June 7, 2017     To All Authorised Dealer Category – I Banks Madam/Sir Issuance of Rupee denominated bonds overseas Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to Sr. No. 3, 4 and 5 of Annex to A.P.(DIR Series) Circular No.17… Read More

RBI notification on filing of SFT in respect of savings bonds

RBI/2016-17/313 IDMD.CDD.No.3058/13.01.299/2016-17     May 30, 2017       The Chairman/ Managing Director State Bank of India/Associate Banks/ 17 Nationalised Banks/ Axis Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd./ Stock Holding Corporation of India Ltd.   Dear Sir/Madam Submission of Annual Information Return relating to issue of Bonds for  5… Read More

Introduction of Legal Entity Identifier for OTC derivatives markets

The LEI is a 20-character unique identity code assigned to entities who are parties to a financial transaction for better risk management post the Global Financial Crisis.  It has been decided to implement the LEI system for all participants in the Over-the-Counter (OTC) markets, in a phased manner.       RBI/2016-17/314 FMRD.FMID No.14/11.01.007/2016-17 June 01, 2017… Read More

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