FEMA - Corporate Law Reporter

Master Circular – Facility for Exchange of Notes and Coins

RBI/2016-17/21 DCM (NE) No.G-1/08.07.18/2016-17 July 18, 2016 The Chairman and Managing Director / The Managing Director/ The Chief Executive Officer All Banks Madam / Dear Sir Master Circular – Facility for Exchange of Notes and Coins Please refer to the Master Circular DCM (NE) No.G-2/08.07.18/2015-16 dated July 01, 2015 containing instructions on the facility for… Read More

Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public

RBI/DCM/2016-17/36 Master Direction DCM (CC) No.G-4/03.41.01/2016-17 July 20, 2016 The Chairman and Managing Director / Chief Executive Officers, All Banks Madam / Dear Sir, Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public In terms of the Preamble and under Section 45 of… Read More

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

RBI/DCM/2016-17/35 Master Direction DCM(CC) No.G -2/03.35.01/2016-17 July 20, 2016 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 Circular – Mobile Banking transactions in India – Operative Guidelines for Banks

RBI/2016-17/17 DPSS.CO.PD.Mobile Banking.No./2/02.23.001/2016-2017 July 1, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks Madam /Dear Sir, Master Circular – Mobile Banking transactions in India – Operative Guidelines for Banks As you are aware, the… Read More

Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India

RBI/2016-2017/16 DPSS.CO.PD.PPI.No.01/02.14.006/2016-17 July 01, 2016 All Prepaid Payment Instrument Issuers, System Providers, System Participants and all other Prospective Prepaid Payment Instrument Issuers Madam / Dear Sir, Master Circular – Policy Guidelines on Issuance and Operation of Pre-paid Payment Instruments in India As you are aware, the Reserve Bank of India has, from time to time,… Read More

Facility for Exchange of Soiled/ Mutilated/ Imperfect Notes

RBI/2016-17/15 DCM (NE) No.120/08.07.18/2016-17 July 14, 2016 Chairman and Managing Director/ Managing Director / Chief Executive Officer All Banks Dear Sir / Madam, Facility for Exchange of Soiled/ Mutilated/ Imperfect Notes Please refer to Reserve Bank of India (Note Refund) Rules, 2009 (NRR, 2009) and Master Circular DCM (NE) No.G-2/08.07.18/2015-16 dated July 1, 2015 on… Read More

Investments in Non-SLR instruments by State / Central Co-operative Banks

RBI/2016-17/14 DCBR.BPD.BC.No. 01/19.51.026/2016-17 Ashadha 23, 1938 July 14, 2016 All State / Central Co-operative Banks Dear Sir / Madam, Investments in Non-SLR instruments by State / Central Co-operative Banks Please refer to our circulars RPCD.CO.RF.BC.26/07.02.03/2005-06 dated August 4, 2005 and DCBR.CO.RCBD.BC.No.5/19.51.026/2015-16 dated October 21, 2015 on the captioned subject. 2. With a view to providing… Read More

Amendment to Master Direction on KYC – Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs)

RBI/2016-2017/11 DBR.AML.BC.No.1/14.01.001/2016-17 July 8, 2016 All Regulated Entities (REs) Dear Sir/Madam, Amendment to Master Direction on KYC – Operationalisation of Central KYC Registry (CKYCR) and KYC norms for Foreign Portfolio Investors (FPIs) In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that… Read More

Master Circular – Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)

RBI/2016-17/04 FIDD.GSSD.BC.No.01/09.10.01/2016-17 July 1, 2016 The Chairman/ Managing Director All Scheduled Commercial Banks Dear Sir, Master Circular- Credit Facilities to Minority Communities Please refer to our Master Circular FIDD.GSSD.BC.No.05/09.10.01/2015-16 dated July 01, 2015, consolidating the instructions / guidelines / directives issued to banks till that date relating to Credit Facilities to Minority Communities. The Master… Read More

Master Direction on Money Market Instruments: Call/Notice Money Market, Commercial Paper, Certificates of Deposit and Non-Convertible Debentures (original maturity up to one year)

RBI/FMRD/2016-17/32 FMRD.Master Direction No. 2/2016-17 July 7, 2016 All Eligible Market Participants Dear Sir/Madam, Master Direction on Money Market Instruments: Call/Notice Money Market, Commercial Paper, Certificates of Deposit and Non-Convertible Debentures (original maturity up to one year) The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to the eligible… Read More

Master Direction – Regional Rural Banks – Priority Sector Lending – Targets and Classification

RBI/FIDD/2016-17/34 Master Direction FIDD.CO.Plan.2/04.09.01/2016-17 July 7, 2016 The Chairman All Regional Rural Banks Dear Sir/ Madam, MASTER DIRECTION-REGIONAL RURAL BANKS-PRIORITY SECTOR LENDING-TARGETS AND CLASSIFICATION The guidelines for priority sector lending by Regional Rural Banks were revised by the Reserve Bank of India vide circular dated December 3, 2015. The Master Direction enclosed incorporates the updated… Read More

Master Direction – Priority Sector Lending – Targets and Classification

RBI/FIDD/2016-17/33 Master Direction FIDD.CO.Plan.1/04.09.01/2016-17 July 7, 2016 The Chairman / Managing Director/ Chief Executive Officer [All Scheduled Commercial Banks, (excluding Regional Rural Banks)] Dear Sir/ Madam, MASTER DIRECTION-PRIORITY SECTOR LENDING-TARGETS AND CLASSIFICATION The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks on Priority Sector Lending. The Master… Read More

Long Term (Subordinated) Deposits (LTDs) – Review of guidelines

RBI/2016-17/7 DCBR.BPD.Cir No. 21/09.18.201/2016-17 Ashadha 16, 1938 July 7, 2016 All Primary (Urban) Co-operative Banks (UCBs), State / District Central Co-operative Banks (StCBs / DCCBs) Dear Sir / Madam Long Term (Subordinated) Deposits (LTDs) – Review of guidelines Please refer to our circulars UBD.PCB.Cir.No.4/09.18.201/08-09 dated July 15, 2008 and RPCD.RCB.BC.73/07.51.012/2013-14 dated January 7, 2014 prescribing… Read More