RBI - Corporate Law Reporter

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

Fourth Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC):RBI

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: • keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent. Consequently, the reverse repo rate under the LAF remains at 5.75 per cent, and… Read More

Master Directions on Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017

RBI/DNBR/2017-18/57 Master Direction DNBR (PD) 090/ 03.10.124/ 2017-18 October 04, 2017 Master Directions - Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 The Reserve Bank of India, (hereinafter referred to as “the Bank”) issued a Notification No DNBR.045/CGM (CDS)-2017 dated August 24, 2017 in terms of sub-clause (iii) of clause(f)… Read More

Investment by FPI in Government Securities Medium Term Framework: RBI

RBI/2017-18/68 A.P.(DIR Series) Circular No. 7 September 28, 2017 To, All Authorized Persons Madam / Sir Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident… Read More

RBI excludes issuances of RDBs from the limit for investments by FPIs in corporate bonds w.e.f 03.10.2017

RBI/2017-18/65 A.P. (DIR Series) Circular No. 06 September 22, 2017 To All Category - I Authorised Dealer Banks Madam / Sir, Issuance of Rupee Denominated Bonds (RDBs) Overseas Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to the provisions contained in paragraphs 2 and 8 of A.P. (DIR Series) Circular… Read More

RBI amends Master Directions on Financial Services provided by Banks

RBI/2017-18/66 DBR.No.FSD.BC.89/24.01.040/2017-18 September 25, 2017 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Amendments to Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 Considering the suggestions and queries received from SEBI, banks and other stakeholders, Reserve Bank of India has decided to make certain amendments to Master Direction - Reserve… Read More

Non-banking institution carrying “the business of a peer to peer lending platform” to be a NBFC

RESERVE BANK OF INDIA (Department of Non-Banking Regulation) NOTIFICATION Mumbai, the 24th August, 2017 No. DNBR. 045/CGM (CDS)-2017.—The Reserve Bank of India, on being satisfied that it is necessary to do so, in exercise of the powers conferred on it by sub-clause (iii) of clause (f) of section 45-I of the Reserve Bank of India… Read More

Inclusion of “Emirates NBD Bank (P.J.S.C)” in Schedule-II to the Reserve Bank of India Act, 1934

RBI/2017-18/56 DBR.No.Ret.BC.86/12.07.150/2017-18 September 14, 2017 All Scheduled Commercial Banks Dear Sir/Madam, Inclusion of “Emirates NBD Bank (P.J.S.C)” in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Emirates NBD Bank (P.J.S.C)” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.IBD.No.855/23.13.014/2017-18… Read More

RBI says it uses sophisticated machines for processing currency notes

It has been reported in a section of the press, quoting a reply to RTI application, that RBI was not using machines for counting Specified Bank Notes (SBNs). RBI actually uses sophisticated Currency Verification & Processing (CVPS) machines for checking the numerical accuracy and genuineness of the currency notes, including SBNs. These machines are way… Read More

Alteration in the name of “National Bank of Abu Dhabi PJSC” to “First Abu Dhabi Bank PJSC” in RBI Act

RBI/2017-18/53 DBR.No.Ret.BC.84/12.07.150/2017-18 September 7, 2017 All Scheduled Commercial Banks Dear Sir/Madam Alteration in the name of "National Bank of Abu Dhabi PJSC" to "First Abu Dhabi Bank PJSC" in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the name of "National Bank of Abu Dhabi PJSC" has been changed… Read More

Inclusion of “Qatar National Bank SAQ” to Schedule -II of the Reserve Bank of India Act, 1934

RBI/2017-18/52 DBR.No.Ret.BC.83/12.07.150/2017-18 September 07, 2017 All Scheduled Commercial Banks Dear Sir/Madam, Inclusion of “Qatar National Bank SAQ” in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Qatar National Bank SAQ” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBR.IBD.No.18/23.03.032/2017-18… Read More

Inclusion of “Ujjivan Small Finance Bank Limited” in Schedule-II of the Reserve Bank of India Act, 1934

RBI/2017-18/54 DBR.No.Ret.BC.85/12.07.150/2017-18 September 07, 2017 All Scheduled Commercial Banks Dear Sir/Madam, Inclusion of “Ujjivan Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Ujjivan Small Finance Bank Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide… Read More