| Notifications/ Date |
Subject/ Brief of the Notification |
| DGBA.GBD/1616/15.02.005/2017-18
Dec 21, 2017 |
Prompt implementation of Governments’ instructions by agency banks/ pdf 155 kb |
| DBR.No.Leg.BC.98/09.08.019/2017-18
Dec 19, 2017 |
Submission of Financial Information to Information Utilities/
According to Section 215 of Insolvency and Bankruptcy Code (IBC), 2016, a financial creditor shall submit financial information and information relating to assets in relation to which any security interest has been created, to an information utility (IU) in such form and manner as may be specified by regulations. Chapter V of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017, which has come into force with effect from April 1, 2017, has specified the form and manner in which financial creditors are to submit this information to IUs. Further, as per Section 238 of the IBC, 2016 the provisions of the Code shall have effect, notwithstanding anything inconsistent therewith contained in any other law for the time being in force or any instrument having effect by virtue of any such law. pdf 50 kb |
| DCBR.BPD.(PCB/RCB).Cir.No.06/12.05.001/2017-18
Dec 14, 2017 |
Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions/
Refers to our circular UBD.BSD.I/PCB/No.45/12.05.00/2001-02 dated May 30, 2002 and para 13 of circular RPCD.CO.RCB.BC.No.36/07.51.010/2014-15 dated October 22, 2014 regarding reversal of erroneous debits arising from fraudulent or other transactions. pdf 292 kb |
| A.P. (DIR Series) Circular No. 14
Dec 12, 2017 |
Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework – Review/
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 outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time. pdf 84 kb |
| DGBA.GBD.No-1498/31.02.007/2017-18
Dec 07, 2017 |
Settlement of Agency transactions in certain cases (for Funds and Agency Commission) directly from Reserve Bank of India/
As per the existing arrangements in certain states, in certain cases, some agency banks are routing their agency transactions of state governments through another agency bank, that acts as an aggregator, that in turn settles these agency transactions with concerned Regional Office of RBI for both receipts and payments. In such scenario, both agency bank acting as aggregator and other agency bank share the eligible agency commission on such transactions. pdf 54 kb |
| DPSS.CO.PD No.1633/02.14.003/2017-18
Dec 06, 2017 |
Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions/
Refers to paragraph 1 of Statement on Developmental and Regulatory Policies regarding revised framework for Merchant Discount Rate (MDR) for Debit Card Transactions announced in the Fifth Bi-monthly Monetary Policy Statement, 2017-18 by the Reserve Bank of India. pdf 197 kb |
| Nov 30, 2017 |
Reporting of Transactions by agency banks to RBI/ pdf 73 kb November 30 |
| DNBR.PD(ARC)CC. No.04/26.03.001/2017-18
Nov 23, 2017 |
Conversion of debt into equity- Review/
Refers to RBI Circular DNBS(PD)CC.No. 35/SCRC/26.03.001/2013-14 dated January 23, 2014 on the above subject. pdf 41 kb |
| DGBA.GBD.No.1387/15.01.001/2017-18
Nov 23, 2017 |
Special Deposit Scheme (SDS)-1975 Payment of interest for calendar year 2017/ pdf 164 kb |
| FMRD.DIRD.05/14.03.007/2017-18
Nov 16, 2017 |
Over-the-Counter Government Securities Transaction by Foreign Portfolio Investors (FPIs) – Settlement Period/
In terms of RBI circular FMRD.DIRD.06/14.03.007/2014-15 dated March 20, 2015, Foreign Portfolio Investors (FPIs) are required to settle transactions in Government Securities in the Over-the-Counter-(OTC) market on a T+2 basis. pdf 70 kb |
| FMRD.DIRD.04/14.03.007/2017-18
Nov 16, 2017 |
Secondary market transactions in Government Securities – Notional Short Sale/
In terms of RBI circulars IDMD.PCD.21/14.03.07/2011-12 dated June 21, 2012, and IDMD.PCD.14/14.03.07/2011-12 dated December 28, 2011 market participants undertaking ‘notional’ short sale are not permitted to use securities from their HTM/AFS/HFT portfolio for delivery against the short sale. pdf 72 kb |
| DGBA.GBD.No.1324/31.02.007/2017-18
Nov 16, 2017 |
Agency Commission for GST receipt transactions/
Refers to Para 15 of RBI Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission dated July 01, 2017 related to claiming of agency commission. pdf 103 kb |
| DBR.AML.No.4802/14.06.056/2017-18
Nov 16, 2017 |
Implementation of UNSCR 2356 (2017), UNSCR 2371(2017) and UNSCR 2375 (2017) pertaining to Democratic People’s Republic of Korea (DPRK)/ pdf 67 kb |
| A.P. (DIR Series) Circular No. 13
Nov 16, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 81 million to the Government of the Republic of Rwanda/
Export-Import Bank of India (Exim Bank) has entered into an Agreement on May 24, 2017 with the Government of the Republic of Rwanda for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 81 million (USD Eighty one million only) for the purpose of financing establishment of ten Vocational Training Centers and four Business Incubation Centers in the Republic of Rwanda. Under the arrangement financing export of eligible goods and services from India would be allowed which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. The goods include plant, machinery and equipment and services include consultancy services. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 27 kb |
| A.P. (DIR Series) Circular No. 12
Nov 16, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 500 million to the SBM (Mauritius) Infrastructure Development Company Ltd./
Export-Import Bank of India (Exim Bank) has entered into an Agreement on May 27, 2017 with the SBM (Mauritius) Infrastructure Development Company Ltd. for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 500 million (USD Five hundred million only) for the purpose of financing its participation through Redeemable Preference Shares in public sector entities to implement infrastructure or other projects in Mauritius. Under the arrangement financing export of eligible goods and services from India would be allowed which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. The goods include plant, machinery and equipment and services include consultancy services. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 40 kb |
| Notification No.FEMA.369/2017-RB
Nov 14, 2017 |
Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regulations, 2017/
In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations 2004 (Notification No. FEMA 120/RB-2004 dated July 7, 2004), as amended from time to time, (hereinafter called the Principal Regulations or the Notification) namely:- pdf 20 kb |
| DBR.No.Leg.BC.96/09.07.005/2017-18
Nov 09, 2017 |
Statement on Developmental and Regulatory Policies – October 4, 2017- Banking Facility for Senior Citizens and Differently abled Persons/
Refers to Paragraph 8 of Statement on Developmental and Regulatory Policies, released by Reserve Bank of India on October 4, 2017 as part of Fourth Bi-monthly Monetary Policy Statement 2017-18, a copy of which is enclosed. It has been observed that there are occasions when banks discourage or turn away senior citizens and differently abled persons from availing banking facilities in branches. Notwithstanding the need to push digital transactions and use of ATMs, it is imperative to be sensitive to the requirements of senior citizens and differently abled persons. pdf 52 kb |
| A.P. (DIR Series) Circular No. 11
Nov 09, 2017 |
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 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000) issued under clause (h) of sub-section (2) of Section 47 of FEMA, 1999 (Act 42 of 1999), as amended from time to time, the Master Direction – Risk Management and Inter-Bank Dealings dated July 5, 2016, as amended from time to time, and the announcement made in the Statement on Developmental and Regulatory Policies Reserve Bank of India dated August 02, 2017 (para 7) on the simplified hedging facility. pdf 97 kb |
| DNBR.PD.CC.No.090/03.10.001/2017-18
Nov 09, 2017 |
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 it is necessary and expedient in the public interest so to do and with a view to put in place necessary safeguards applicable to outsourcing of activities by NBFCs, hereby issues the Directions as set out in the Annex. pdf 169 kb |
| FEMA 20(R)/ 2017-RB
Nov 07, 2017 |
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017/
In exercise of the powers conferred by clause (b) of sub-section (3) of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in supersession of Notification No. FEMA 20/2000-RB and Notification No. FEMA 24/2000-RB both dated May 3, 2000, as amended from time to time, the Reserve Bank makes the following regulations to regulate investment in India by a Person Resident Outside India, namely:- pdf 490 kb |
| DBR.No.BP.BC.92/21.04.048/2017-18
Nov 02, 2017 |
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 and accuracy of financial data systems for better risk management post the Global Financial Crisis. LEI is a 20-digit unique code to identify parties to financial transactions worldwide. pdf 125 kb |
| 4 (25)-W&M/2017 dated 06th October 2017
Oct 25, 2017 |
Amendment to Sovereign Gold Bond Scheme, Notification No.4 (25)-W&M/2017/
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 the conditions specified in clause 13 of the Sovereign Gold Bond Scheme notified vide Notification No. F. 4 (25)-W&M/2017 dated 06th October 2017 [Notification No. GSR 1225(E)]. pdf 12 kb |
| FIDD.GSSD.CO.BC.No.17/09.01.03/2017-18
Oct 18, 2017 |
Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) – Aajeevika – Interest Subvention Scheme/
Refers to our circular FIDD.GSSD.CO.BC.NO.13/09.01.03/2016-17 dated August 25, 2016 on Interest Subvention Scheme under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM). pdf 311 kb |
| DGBA.GBD.No.1007/15.04.001/2017-18
Oct 17, 2017 |
Gold Monetisation Scheme, 2015/
Refers to DGBA circular DGBA.GAD.No.2294/15.04.001/2016-17 dated March 6, 2017 read with RBI Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015 (updated up to March 31, 2016) on the above subject. pdf 97 kb |
| Master Direction DCM(CC) No.G – 2/03.35.01/2017-18
Oct 12, 2017 |
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/
In terms of the Preamble, under Section 45 of the RBI Act, 1934 and 35 A of the Banking Regulation Act, 1949, the Bank issues guidelines / instructions for realising the objectives of our Clean Note Policy. With a view to sustain these efforts and ensure discipline among the banks on timely and accurate reporting of currency chest transactions, we have issued instructions on the subject. pdf 99 kb |
| DCM (CC) No.G-3/03.44.01/2017–18
Oct 12, 2017 |
Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public/
Refers to the Circular DCM (CC) No.G-3/03.44.01/2016-17 dated July 20, 2016 on the scheme of penalties. pdf 71 kb |
| A.P. (DIR Series) Circular No. 10
Oct 12, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 1 billion to the Government of Mongolia/
Export-Import Bank of India (Exim Bank) has entered into an Agreement on April 28, 2016 with the Government of Mongolia for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 1 billion (USD One billion only) for the purpose of development of railways and related infrastructure projects in Mongolia as may be agreed between the borrower and Government of India. The credit is available for financing export of eligible goods and services from India for the purpose of financing development of railways and related infrastructure projects in terms of the Agreement and those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. The goods include plant, machinery and equipment and services include consultancy services. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 30 kb |
| A.P. (DIR Series) Circular No. 09
Oct 12, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 318 million to the Government of Sri Lanka/
Export-Import Bank of India (Exim Bank) has entered into an Agreement on June 06, 2017 with the Government of Sri Lanka for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 318 million (USD Three hundred and eighteen million only) for the purpose of financing (i) Procurement of rolling Stock for Sri Lanka Railway USD 177 million (USD One hundred seventy seven million only) (ii) Upgrading railway track from Moho-Anuradhapura-Omanthai or any other sector USD 136 million (USD One hundred thirty six million only) and (iii) Utilization of the balance amount in Sri Lanka as may be agreed between the borrower and Government of India. The credit is available for financing export of eligible goods and services from India for the purpose of financing rolling stock and upgrading railway track in terms of the Agreement and those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. The goods include plant, machinery and equipment and services include consultancy services. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 31 kb |
| A.P. (DIR Series) Circular No. 08
Oct 12, 2017 |
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 (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000) and Master Directions on Risk Management and Inter-Bank Dealings dated July 5, 2016 as amended from time to time. pdf 29 kb |
| DGBA.GBD.954/15.02.005/2017-18
Oct 12, 2017 |
Interest rates for Small Savings Schemes/
Refers 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 (OM) No.F.No.01/04/2016–NS dated September 29, 2017 has stated that the interest rates on small savings schemes for the third quarter of financial year 2017-18 starting 1st October, 2017 shall remain unchanged from those notified for the second quarter of FY 2017-18 (copy enclosed). pdf 166 kb |
| Master Direction DPSS.CO.PD.No.1164/02.14.006/2017-18
Oct 11, 2017 |
Master Direction on Issuance and Operation of Prepaid Payment Instruments (Updated as on December 29, 2017)/
Refers to paragraph 16 of Statement on Developmental and Regulatory Policies regarding issuance of Master Direction on Prepaid Payment Instruments (PPIs) announced in the Fourth Bi-monthly Monetary Policy Statement, 2017-18 by the Reserve Bank of India (RBI). pdf 397 kb |
| IDMD.CDD.No.929/14.04.050/2017-18
Oct 06, 2017 |
Sovereign Gold Bond Scheme/
Government of India has vide its Notification F.No. 4(25)-B/(W&M)/2017 dated October 06, 2017 announced that the Sovereign Gold Bond Scheme. Under the scheme SGBs (The Bonds) will be issued in a series of weekly issuances which will be open for subscription from Monday to Wednesday of every week starting from October 09, 2017. The Government of India may, with prior notice, close the Scheme before the specified period. The terms and conditions of the issuance of the Bonds shall be as follows: pdf 262 kb |
| Master Direction DNBR (PD) 090/ 03.10.124/2017-18
Oct 04, 2017 |
Master Directions – Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017 (Updated as on February 23, 2018)/
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) of section 45I of the Reserve Bank of India Act, 1934 (hereinafter referred to as “the Act”) and on being satisfied that it is necessary to do so, in exercise of the powers conferred under section 45IA, 45JA, 45L,and 45M of the Act, and of all the powers enabling it in this behalf, hereby issues these Directions for compliance of the same by every Non-Banking Financial Company that carries on the business of a Peer to Peer Lending Platform. pdf 377 kb |
| DBR.No.Ret.BC.90/12.02.001/2017-18
Oct 04, 2017 |
Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of SLR and holdings of SLR in HTM category/
Refers 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, 2017 on the captioned subject. pdf 71 kb |
| A.P.(DIR Series) Circular No. 7
Sep 28, 2017 |
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 outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time. Attention is also drawn to RBI/2017-18/12 A.P.(Dir Series) Circular No.1 dated July 3, 2017. pdf 84 kb sep 28 |
| DBR.No.FSD.BC.89/24.01.040/2017-18
Sep 25, 2017 |
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 Bank of India (Financial Services provided by Banks) Direction No.DBR.FSD.No.101/24.01.041/2015-16 dated May 26, 2016. In pursuance of these changes, Para 5(a)(v) of the Master Direction on Financial Services provided by Banks is amended to read as under: pdf 52 kb sep 25 |
| A.P. (DIR Series) Circular No. 06
Sep 22, 2017 |
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 No.60 dated April 13, 2016 on issuance of Rupee denominated bonds overseas and paragraphs 3.2 and 3.3.9 of Master Direction No.5 dated January 1, 2016 on “External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers”, as amended from time to time. pdf 20 kb sep 22-1 |
| A.P. (DIR Series) Circular No. 05
Sep 22, 2017 |
Investment by Foreign Portfolio Investors in Corporate Debt Securities – Review/
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 outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time. pdf 27 kb sep 22-2 |
| FMRD.FMID No.3/02.05.002/2017-18
Sep 21, 2017 |
Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives/
Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to circular no.FMD.MSRG.No.75/02.05.002/2012-13 dated March 13, 2013 on the captioned subject wherein a threshold of USD 1 million, and equivalent thereof in other currencies, was stipulated for reporting FCY-INR and FCY-FCY forward and options trades between AD Category-I banks and their clients to the Trade Repository (TR). Subsequently, Clearing Corporation of India Limited (CCIL), in consultation with Reserve Bank on June 02, 2016, had informed its members the removal of this threshold limit for reporting FCY-INR and FCY-FCY option trades w.e.f. July 04, 2016. pdf 73 kb |
| FIDD.CO.Plan.BC 16/04.09.01/2017-18
Sep 21, 2017 |
Priority Sector Lending – Targets and Classification: Lending to non-corporate farmers – System wide average of last three years/
It was communicated vide our Circular No. FIDD.CO.Plan.BC.08/04.09.01/2015-16 dated July 16, 2015 on the captioned subject, that the system-wide average of the last three years achievement with regard to overall direct lending to non-corporate farmers will be notified in due course, and thereafter at the beginning of each year. pdf 75 kb |
| FIDD.CO.LBS.BC.No.15/02.08.001/2017-18
Sep 21, 2017 |
Formation of new districts in the State of West Bengal – Assignment of Lead Bank Responsibility/
The Government of West Bengal vide Gazette Notification dated March 20, 2017 had notified the creation of a new district “Jhargram” with effect from April 4, 2017 and by Gazette Notification dated March 24, 2017 created a new district “Paschim Bardhaman” with effect from April 7, 2017 in the State of West Bengal. It has been decided to assign the lead bank responsibility of the new districts as detailed below:- pdf 171 kb |
| A. P. (DIR Series) Circular No. 04
Sep 15, 2017 |
Export Data Processing and Monitoring System (EDPMS) Issuance of Electronic Bank Realisation Certificate (eBRC)/
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the provisions contained in the Master Direction No. 16/2015-16 dated January 01, 2016 related to implementation and operationalisation of Export Data Processing and Monitoring System (EDPMS) of RBI as also provisions contained in A P (DIR Series) Circular No. 15 dated July 28, 2014 in terms of which reporting of data related to realisation of export proceeds i.e. ENC and Schedule 3 to 6 files was discontinued with effect from the first fortnight of September 2014 after implementation of EDPMS. Attention of AD Category-I banks is also invited to the provisions contained in A P (DIR Series) Circular No. 74 dated May 26, 2016 in terms of which they were advised to carry out appropriate changes in their IT system / operating procedure immediately, report subsequent export transactions in EDPMS and also capture the details of advance remittances (including old outstanding inward remittances) received for exports in EDPMS. pdf 39 kb |
| DGBA.GBD.No.505/31.02.007/2017-18
Sep 07, 2017 |
Reimbursement of Merchant Discount Rate (MDR) Charges for Government transactions up to Rs.1 lakh through debit cards/
Refers to Circular No. DGBA.GAD.No.2128/44.02.001/2016-17 dated February 16, 2017, read with the OM No. S-11012(1(12)/MDR/2017/RBD/824-894 dated May 11, 2017 issued by O/o the CGA and our clarificatory mail dated May 23, 2017 regarding the reimbursement of Merchant Discount Rate. pdf 91 kb |
| DBR.No.Ret.BC.85/12.07.150/2017-18
Sep 07, 2017 |
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 Notification DBR.PSBD.No.467/16.02.006/2017-18 dated July 3, 2017 and published in the Gazette of India (Part III – Section 4) dated August 25, 2017. pdf 23 kb |
| FIDD.CO.FSD.BC.No.14/05.02.001/2017-18
Aug 16, 2017 |
Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18/
Refers to our circular FIDD CO.FSD.BC.No.29/05.02.001/2016-17 dated May 25, 2017 conveying continuation of Interest Subvention Scheme on the interim basis. In this regard, it is advised that Government of India has approved the implementation of the Interest Subvention Scheme for the year 2017-18 for short term crop loans up to ₹ 3.00 lakhs with the following stipulations: pdf 202 kb |
| DCBR.BPD.PCB.Cir.No.03/09.18.300/2017-18
Aug 16, 2017 |
Core Banking Solution (CBS) Requirements for Urban Co-operative Banks (UCBs)/
Refers to our circular DCBR.CO.PCB.Cir.No.14/09.18.300/2015-16 dated April 13, 2016 announcing the Scheme for providing financial assistance to urban co-operative banks for implementation of Core Banking Solution (CBS). pdf 50 kb aug 16-1 |
| DNBR (PD).CC.No.89/03.10.001/2017-18
Aug 14, 2017 |
Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited (IVRPL)/
A reference is invited to para 9 of the Master Direction DNBR. PD.002/03.10.119/2016-17 dated August 25, 2016 on Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, wherein, the names of six approved Credit Rating Agencies and their minimum investment grade credit ratings have been listed. pdf 49 kb |
| FMRD.DIRD.2/14.01.002/2017-18
Aug 10, 2017 |
Reserve Bank Commercial Paper Directions, 2017/
Reserve Bank had issued draft directions on Commercial Paper for public comments on February 02, 2017. Taking into account the comments received, The Reserve Bank Commercial Paper Directions, 2017 have been finalised and enclosed herewith. pdf 176 kb |
| FMRD.DIRD.4/14.03.024/2017-18
Aug 10, 2017 |
Tri-Party Repo (Reserve Bank) Directions, 2017/
Refers to Paragraph 6 of the statement on Developmental and Regulatory Policies, Reserve Bank of India issued as part of the third Bi-monthly Monetary Policy Statement for 2017-18 dated August 2, 2017 regarding introduction of tri-party repos. pdf 110 kb |
| A .P. (DIR Series) Circular No. 3
Aug 10, 2017 |
Risk Management and Interbank Dealings- Reports to the Reserve Bank/
Attention of Authorized Dealers Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000) and Master Directions on Risk Management and Inter-Bank Dealings dated July 5, 2016 as amended from time to time. pdf 88 kb |
| DGBA.GBD.No.279/31.02.007/2017-18
Aug 03, 2017 |
Government Banking – Issue of Letters of Credit and Bank Guarantee/
Refers to Circular No. DGBA.GAD.No.H.6254/31.03.002/2011-12 dated March 28, 2012 regarding procedure relating to Letter of Credit (LC) enclosing a copy of letter dated November 30, 2011 issued by the Office of Controller General of Account. pdf 98 kb |
| FIDD.CO.FSD.BC.No.13/05.10.006/2017-18
Aug 03, 2017 |
Natural Calamities Portal – Monthly Reporting System/
Refers to our Master Direction FIDD.CO.FSD.BC.8/05.10.001/2017-18 dated July 5, 2017 on Reserve Bank of India (Relief Measures by Banks in Areas Affected by Natural Calamities) Directions 2017. pdf 173 kb |
| DBR.BP.BC.No. 81/21.04.098/2017-18
Aug 02, 2017 |
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standard/
Refers to our circular DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014 “Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards” read along with amendments introduced by following circulars: pdf 64 kb |
| DBR.CID.BC.No.79/20.16.042/2017-18
Aug 02, 2017 |
Issue of comprehensive Credit Information Reports/
Refers to para (v) of Annex IV to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014 advising Credit Information Companies (CICs) to include information on all accounts, both current and past, of a customer having multiple borrowings, in her/his Credit Information Report (CIR). pdf 37 kb |
| DBR.No.Ret.BC.82/12.01.001/2017-18
Aug 02, 2017 |
Change in Bank Rate/
Refers to our circular DBR.No.Ret.BC.58/12.01.001/2016-17 dated April 06, 2017 on the captioned subject. pdf 60 kb |
| REF.No.MPD.BC.382/07.01.279/2017-18
Aug 02, 2017 |
Standing Liquidity Facility for Primary Dealers/
Refers to the Third Bi-monthly Monetary Policy Statement, 2017-18 – Resolution of the Monetary Policy Committee (MPC), in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect. pdf 18 kb |
| FMOD.MAOG. No 121/01.01.001/2017-18
Aug 02, 2017 |
Liquidity Adjustment Facility – Repo and Reverse Repo Rates/
As announced in the Third Bi-monthly Monetary Policy Statement, 2017-18, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect. pdf 26 kb |
| FMOD.MAOG. No. 122/01.18.001/2017-18
Aug 02, 2017 |
Marginal Standing Facility/
As announced in the Third Bi-monthly Monetary Policy Statement, 2017-18, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect. pdf 30 kb Aug 2-5 |
| DBS.ARS.BC.04/08.91.001/2017-18
Jul 27, 2017 |
Appointment of Statutory Central Auditors (SCAs) – modification of rest period/
Refers to DBS.No.ARS.BC.8/08.91.001/2000-2001 dated January 30, 2001 addressed to private sector banks in terms of which, inter alia, an audit firm, subject to its fulfilling the prescribed eligibility norms will be allowed to continue as the SCA for a particular bank for a period of four years and, thereafter, the said firm will be compulsorily rested for a period of two years. pdf 128 kb |
| A.P. (DIR Series) Circular No. 02
Jul 27, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 24.54 million to the Government of the Republic of Ghana/
Export-Import Bank of India (Exim Bank) has entered into an agreement on November 22, 2016 with the Government of the Republic of Ghana for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 24.54 million (USD Twenty four million and five hundred forty thousand only) for the purpose of financing sugarcane development and irrigation project in the Republic of Ghana. The credit is available for financing export of eligible goods and services from India for the purpose of financing sugarcane development and irrigation project in terms of the agreement and those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. The goods include plant, machinery and equipment and services include consultancy services. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 35 kb |
| Master Direction FIDD.MSME & NFS.12/06.02.31/2017-18
Jul 24, 2017 |
Master Direction – Lending to Micro, Small & Medium Enterprises (MSME) Sector (Updated as on April 25, 2018)/
Reserve Bank of India has, from time to time, issued a number of guidelines / instructions / circulars / directives to banks in the matters relating to lending to Micro, Small & Medium Enterprises Sector. The Master Direction enclosed incorporates the updated guidelines / instructions / circulars on the subject. The list of circulars consolidated in this Master Direction is indicated in the Appendix. The Direction will be updated from time to time as and when fresh instructions are issued. This Master Direction has been placed on the RBI website at http://www.rbi.org.in. pdf 408 kb |
| DCM (FNVD) G – 4/16.01.05/2017-18
Jul 20, 2017 |
Master Circular – Detection and Impounding of Counterfeit Notes/
Refers to the Master Circular DCM (FNVD) G-6/16.01.05/2016-17 dated July 20, 2016 consolidating the instructions issued till July 20, 2016, relating to Detection and Impounding of Counterfeit Notes. The Master Circular has since been updated by incorporating the instructions issued till date and has been placed on the RBI website http://www.rbi.org.in. pdf 204 kb |
| DCBR.BPD.(PCB/RCB).Cir.No.02/12.05.001/2017-18
Jul 13, 2017 |
Recording of Details of Transactions in Passbook/Statement of Account by Co-operative Banks/
Refers to our circular UBD.CO.BPD.(PCB).No.18/12.05.001/2010-11 dated October 26, 2010 and para 4.6.3 of Annex to our circular RPCD.CO.RCB.BC.No.36/07.51.010/2014-15 dated October 22, 2014, advising co-operative banks to avoid inscrutable entries in passbooks / statements of account and ensure that brief, intelligible particulars are invariably entered in passbooks / statements of account with a view to avoiding inconvenience to depositors. pdf 82 kb |
| FIDD.FLC.BC.No.11/12.01.018/2017-18
Jul 13, 2017 |
Financial Literacy by FLCs (Financial Literacy Centres) and rural branches – Revision in funding limits, Audio-visual content and provision of hand held projectors/
Refers to our circular FIDD.FLC.BC.No.22/12.01.018/2016-17 dated March 2, 2017 on policy review of guidelines for FLCs and rural branches of banks. In terms of this circular, banks were advised that FLCs and rural branches are eligible for funding support from the Financial Inclusion Fund for the financial literacy camps to the extent of 60% of the expenditure of the camp subject to a maximum of ` 15,000/- per camp. pdf 87 kb |
| DGBA.GBD. 69/15.02.005/2017-18
Jul 13, 2017 |
Interest rates for Small Savings Schemes/
Refers to our circular DGBA.GAD.2618/15.02.005/2016-17 dated April 6, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.01/04/2016–NS dated June 30, 2017 advised the rate of interest on various small savings schemes for the second quarter of the financial year 2017-18 (copy enclosed). pdf 33 kb |
| FIDD.MSME & NFS.BC.No.10/06.02.31/2017-18
Jul 13, 2017 |
Investment in plant and machinery for the purpose of classification as Micro, Small and Medium Enterprises – documents to be relied upon/
Refers to our Master Direction FIDD.MSME&NFS.3/06.02.31/2016-17 dated July 21, 2016 on ‘Lending to Micro, Small & Medium Enterprises (MSME) Sector’ together with notification No. S.O. 1722(E) dated October 5, 2006 issued by Ministry of MSME, GoI, New Delhi. In terms of para 2 of the said notification, while calculating the investment in plant and machinery, the original price thereof, shall be taken into account, irrespective of whether the plant and machinery are new or second hand. pdf 130 kb |
| DBS.ARS.BC.01/08.91.020/2017-18
Jul 13, 2017 |
Audit Committee of the Board of Directors – Nomination of Non-Executive Chairman/
Refers to Para 3 (ii) of our circular dated September 26, 1995 on “Audit Committee of the Board of Directors – Reconstitution” and Para (ii) of our circular DOS.No.BC.3/08.91.020/96 dated January 20, 1997 on “Public Sector Banks – Audit Committee of the Board of Directors”, wherein it has been advised that Audit Committee of the Board of Directors (ACB) should be chaired by any one of the non-executive/ non-official directors. pdf 36 kb |
| IDMD.CDD.No.29/14.04.050/2017-18
Jul 06, 2017 |
Sovereign Gold Bonds, 2017-18 – Series II – Operational Guidelines/
This has reference to the GoI notification F.No.4(20)-B/(W&M)/2017 and RBI circular IDMD.CDD.No.28/14.04.050/2017-18 dated July 06, 2017 on the Sovereign Gold Bonds, 2017-18-Series II. FAQs in this regard have been placed on our website (www.rbi.org.in). Operational guidelines with regard to this scheme are given below: pdf 45 kb |
| IDMD.CDD.No.28/14.04.050/2017-18
Jul 06, 2017 |
Sovereign Gold Bonds 2017-18 – Series II/
Government of India has vide its Notification F.No. 4(20)-B/(W&M)/2017 dated July 06, 2017 announced that the Sovereign Gold Bonds 2017 -18– Series II (“the Bonds”) will be open for subscription from July 10, 2017 to July 14, 2017. The Government of India may, with prior notice, close the Scheme before the specified period. The terms and conditions of the issuance of the Bonds shall be as follows: pdf 253 kb |
| DNBR(PD)CC.No.087/03.10.001/2017-18
Jul 06, 2017 |
Point of Presence (PoP) Services under Pension Fund Regulatory and Development Authority (PFRDA) for National Pension System (NPS)/
Refers to Para 111 of Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 prohibiting NBFCs from undertaking PoP Services under the PFRDA for NPS. pdf 71 kb Jul 6-2 |
| DBR.No.Leg.BC.78/09.07.005/2017-18
Jul 06, 2017 |
Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions/
Refers to our circular DBOD.Leg.BC.86/09.07.007/2001-02 dated April 8, 2002 regarding reversal of erroneous debits arising from fraudulent or other transactions. pdf 97 kb Jul 6-3 |
| FIDD.CO.SFB. No.9/04.09.001/2017-18
Jul 06, 2017 |
Small Finance Banks – Compendium of Guidelines on Financial Inclusion and Development/
In view of the announcement made in the budget 2014-15 regarding creation of a framework for licensing small banks, and to give a thrust to the supply of credit to micro and small enterprises, agriculture and banking services in unbanked and under-banked regions in the country, Reserve Bank decided to licence new “Small Finance Banks (SFBs)” in the private sector. Following a due process, in-principle approvals were given to ten applicants to set up SFBs vide press release dated September 16, 2015. pdf 512 kb |
| DCBR.RCB.BC.No.01/19.51.025/2017-18
Jul 06, 2017 |
Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Telangana State Co-operative Apex Bank Ltd., Hyderabad/
We advise that the name of “Telangana State Co-operative Apex Bank Ltd., Hyderabad” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DCBR.CO.RCBD.No.02/19.51.025/2016-17 dated March 29, 2017 published in the Gazette of India (Weekly No. 21 – Part III – Section 4) dated May 27-June 02, 2017. pdf 345 kb |
| Master Direction FIDD.CO.FSD.BC No.8/05.10.001/2017-18
Jul 05, 2017 |
Master Direction – Reserve Bank of India (Relief Measures by banks in areas affected by Natural Calamities) Directions 2017/
Refers to our ‘Master Direction FIDD.No.FSD.BC.2/05.10.001/2016-17 dated July 1, 2016’ incorporating guidelines issued to banks in regard to matters relating to relief measures to be provided in areas affected by natural calamity. pdf 136 kb |
| IDMD.CDD No.8/13.01.299/2017-18
Jul 04, 2017 |
Master Directions on Relief/Savings Bonds/
The rules and regulations applicable to Relief/Savings Bonds have been updated with instructions issued up to June 30, 2017 in the Master Directions on Relief/Savings Bonds. The directions facilitate availability of all the current operative instructions on the above subject at one place and will be updated suitably and simultaneously whenever there is a change in the rules/regulations or there is a change in the policy. These Directions have been placed on RBI website https://rbi.org.in. pdf 294 kb |
| Jul 03, 2017 |
Master Circular – Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM)/
Please refer to the Master Circular FIDD.GSSD.CO.BC.No.07/09.01.01/2016-17 dated July 01, 2016 consolidating guidelines / instructions / directions issued to banks with regards to Deendayal Antyodaya Yojana – National Rural Livelihoods Mission. The Master Circular has been suitably updated by incorporating the instructions on DAY-NRLM issued up to June 30, 2017, which are listed in the Appendix and also been placed on website (https://www.rbi.org.in). pdf 406 kb July 3 |
| FIDD.CO.FSD.BC.No.7/05.05.010/2017-18
Jul 03, 2017 |
Master Circular – Kisan Credit Card (KCC) Scheme/
The Reserve Bank of India has issued guidelines on Kisan Credit Card (KCC) scheme from time to time. This Master Circular consolidates the relevant guidelines issued by the Bank on Kisan Credit Card scheme upto June 30, 2017 as listed in the Appendix. pdf 200 kb |
| FIDD.CO.LBS.BC.No.1/02.01.001/2017-18
Jul 03, 2017 |
Master Circular – Lead Bank Scheme/
The Reserve Bank of India has issued guidelines on Lead Bank Scheme from time to time. This Master Circular consolidates the relevant guidelines issued by Reserve Bank of India on Lead Bank Scheme up to June 30, 2017 as listed in the Appendix. pdf 588 kb |
| FIDD.FID.BC.No.02/12.01.033/2017-18
Jul 03, 2017 |
Master Circular on SHG-Bank Linkage Programme/
The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on SHG-Bank Linkage Programme. In order to enable the banks to have instructions at one place, the Master Circular incorporating the existing guidelines/instructions on the subject has been updated and enclosed. This Master Circular consolidates the circulars issued by Reserve Bank on the subject up to June 30, 2017, as indicated in the Appendix. pdf 109 kb |
| FIDD.CO.GSSD.BC.No.06/09.09.001/2017-18
Jul 03, 2017 |
Master Circular – Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)/
Refers to the Master Circular FIDD.CO.GSSD.BC.No.03/09.09.001/2016-17 dated July 01, 2016 consolidating guidelines / Instructions / directions issued to banks with regard to providing credit facilities to Scheduled Castes (SCs) and Scheduled Tribes (STs). The Master Circular has been suitably updated by incorporating the instructions issued up to June 30, 2017 and has also been placed on website https://www.rbi.org.in. pdf 116 kb |
| FIDD.GSSD.BC.No.05/09.10.01/2017-18
Jul 03, 2017 |
Master Circular- Credit Facilities to Minority Communities/
Refers to our Master Circular FIDD.GSSD.BC.No.01/09.10.01/2016-17 dated July 01, 2016 (Updated as on September 29, 2016), consolidating the instructions / guidelines / directives issued to banks till that date relating to Credit Facilities to Minority Communities. The Master Circular has been suitably updated by incorporating the instructions issued up to June 30, 2017 and has been placed on the RBI website (https://www.rbi.org.in). pdf 1200 kb |
| FIDD.GSSD.CO.BC.No.03/09.16.03/2017-18
Jul 03, 2017 |
Master Circular – Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM)/
Reserve Bank of India has periodically issued instructions to banks with regard to operationalisation of the Government of India’s National Urban Livelihoods Mission (DAY-NULM). The Ministry of Housing & Urban Poverty Alleviation (UPA Division), Government of India has amended the operational guidelines of Self-Employment Programme (SEP) under DAY-NULM. The revised Master Circular is being issued by incorporating amendments as effected by the Ministry of Housing and Urban Poverty Alleviation and has been placed on the RBI website http://www.rbi.org.in. pdf 332 kb |
| DCM(NE)No.G – 1/08.07.18/2017-18
Jul 03, 2017 |
Master Circular – Facility for Exchange of Notes and Coins/
Refers to the Master Circular DCM(NE)No. G-1/08.07.18/2016-17 dated July 18, 2016 containing instructions on the facility for exchange of notes and coins. A revised version of Master Circular on the subject is annexed for your information and necessary action. This Master Circular is placed in our website http://www.rbi.org.in. pdf 440 kb |
| A.P.(DIR Series) Circular No. 1
Jul 03, 2017 |
Investment by Foreign Portfolio Investors (FPI) in Government Securities Medium Term Framework – Review/
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 outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time. pdf 63 kb |
| DGBA.GBD.No.2/31.12.010/2017-18
Jul 01, 2017 |
Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission/
Refers to our Master Circular RBI/2015-16/81 dated July 1, 2015 on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India till June 30, 2017. pdf 141 kb |
| DGBA.GBD.No.-1/31.05.001/2017-18
Jul 01, 2017 |
Master Circular – Disbursement of Government Pension by Agency Banks/
Refers to our Master Circular RBI/2015-16/63 dated July 1, 2015 on the above subject. We have now revised and updated the Master Circular which consolidates important instructions on the subject issued by the Reserve Bank of India till June 30, 2017. pdf 199 kb |
| DCM (Plg) No.5720/10.27.00/2016-17
Jun 29, 2017 |
Specified Bank Notes held by DCCBs/
Refers to the Specified Bank Notes (Deposit by Banks, Post Offices and District Central Co-operative Banks) Rules, 2017 (copy enclosed) notified by the Government of India on June 20, 2017. In terms of para 2 thereof, it has been decided to accept from DCCBs Specified Bank Notes (SBNs), received by them from their customers within the period of November 10 to 14, 2016 as under: pdf 54 kb Jun 29 |
| DGBA.GBD.No.3364/31.02.007/2016-17
Jun 29, 2017 |
Conduct of Government Business by Agency Banks – Payment of Agency Commission/
Refers to Circular No.DGBA.GAD.617/31.12.010 (C)/2015-16 dated August 13, 2015 on the captioned subject, wherein government transactions not eligible for agency commission are discussed. pdf 95 kb |
| DBR.NBD.No.77/16.13.218/2016-17
Jun 29, 2017 |
Limits on balances in customer accounts with payments banks – sweep out arrangements with other banks/
Refers to paragraph 7(i) of the Operating Guidelines for Payments Banks (‘Operating Guidelines’) dated October 6, 2016, under which payments banks (PBs) were permitted to make arrangements with a scheduled commercial bank / small finance bank (SFB), for amounts in excess of the prescribed limits, to be swept into an account opened for the customer at that bank. pdf 63 kb Jun 29-2 |
| DGBA.GBD.No.3333/31.02.007/2016-17
Jun 22, 2017 |
Payment of agency commission for government receipts/
Refers to Circular No. DGBA.GAD.7575/31.12.011/2011-12 dated May 22, 2012 regarding the rationalisation and revision of agency commission payable to agency banks on government transactions undertaken by them. pdf 103 kb Jun 22 |
| DBR.No.Leg.BC.76/09.07.005/2016-17
Jun 22, 2017 |
Recording of Details of Transactions in Passbook/ Statement of Account/
Refers to instructions contained in Paragraphs 6 and 7 of our circular DBOD.No.Leg.BC.74/09.07.005/2003-04 dated April 10, 2004 on “Committee on Procedures and Performance Audit on Public Services – Report No. 3 – Banking Operations : Deposit Accounts and Other Facilities Relating to Individuals (Non-Business)” advising banks to avoid inscrutable entries in passbooks/ statements of account and ensure that brief, intelligible particulars are invariably entered in passbooks/ statements of account with a view to avoiding inconvenience to depositors. pdf 78 kb |
| FIDD.CO.LBS.BC.No.32/02.08.001/2016-17
Jun 15, 2017 |
Formation of a new district in the State of West Bengal – Assignment of Lead Bank Responsibility/
The Government of West Bengal vide Gazette Notification dated February 07, 2017 notified the creation of a new district “Kalimpong” by redefining the limits of Darjeeling District of West Bengal. It has been decided to assign the lead bank responsibility of this new district to State Bank of India as detailed below:- pdf 116 kb |
| DGBA.GBD.No.3262/31.02.007/2016-17
Jun 15, 2017 |
Period for Submission of Agency Commission Claims/
Refers to circular No.DGBA.GAD.1031/31.12.010/98-99 dated May 6, 1999 wherein all agency banks were advised to submit their eligible agency commission claims to the Reserve Bank of India within two quarters from the end of the quarter during which the transactions have been conducted. pdf 78 kb Jun 15-1 |
| DBR.No.BP.BC.74/21.06.009/2016-17
Jun 13, 2017 |
Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF) – Eligible Credit Rating Agencies – INFOMERICS Valuation and Rating Pvt Ltd. (INFOMERICS)/
Refers to the Master Circular DBR.No.BP.BC.4./21.06.001/2015-16 dated July 1, 2015 on ‘Prudential Guidelines on Capital Adequacy and Market Discipline – New Capital Adequacy Framework (NCAF)’. pdf 111 kb |
| Master Direction DNBS.PPD.No.04/66.15.001/2016-17
Jun 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 of enabling it to regulate the credit system of the country to its advantage it is necessary so to do, hereby issues Master Directions – Information Technology Framework for the NBFC Sector, 2017 hereinafter specified. pdf 254 kb |
| FIDD.CO.LBS.BC.No 31/02.01.001/2016-17
Jun 08, 2017 |
Aligning roadmap for unbanked villages having population more than 5000 with revised guidelines on Branch Authorisation Policy/
Refers to the circular FIDD.CO.LBS.BC.No.82/02.01.001/2015-16 dated December 31, 2015 wherein SLBCs were advised to identify villages with population above 5000 without a bank branch of a scheduled commercial bank in their State and allot these villages among scheduled commercial banks (including Regional Rural Banks) for opening brick and mortar branches. pdf 171 kb Jun 8-1 |
| DGBA.GBD.No.3235/45.01.001/2016-17
Jun 08, 2017 |
Recording of PPO Number in the passbook of Pensioners / Family Pensioners/ pdf 98 kb Jun 8-3 |
| DBR.No.Ret.BC.71/12.02.001/2016-17
Jun 07, 2017 |
Section 24 and Section 56 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR)/
Refers to our circular DBR.No.Ret.BC.64/12.01.001/2015-16 dated December 10, 2015, on maintenance of Statutory Liquidity Ratio under Section 24 and Section 56 of the Banking Regulation Act, 1949. pdf 70 kb June 7 |
| DBR.BP.BC.No.72/08.12.015/2016-17
Jun 07, 2017 |
Individual Housing Loans: Rationalisation of Risk-Weights and Loan to Value (LTV) Ratios/
Refers to the Second Bi-monthly Monetary Policy Statement for 2017-18, announced today. pdf 167 kb |
| A. P. (DIR Series) Circular No.47
Jun 07, 2017 |
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 dated September 29, 2015, paragraph No. 2, 3, 4 and 5 of A.P. (DIR Series) Circular No. 60 dated April 13, 2016, paragraph No. 2 of A.P. (DIR Series) Circular No. 31 dated February 16, 2017 and paragraph No. 3.2, 3.3.1, 3.3.3 and 3.3.4 of Master Direction No.5 dated January 1, 2016 on ‘External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers’ (Master Direction), as amended from time to time, on the provisions of available routes of borrowing, recognized lender and all-in-cost, etc. under the framework for issuance of Rupee denominated bonds overseas. pdf 21 kb Jun 7-2 |
| FMRD.FMID No.14/11.01.007/2016-17
Jun 01, 2017 |
Introduction of Legal Entity Identifier for OTC derivatives markets/
The Legal Entity Identifier (LEI) code has been conceived of as a key measure to improve the quality and accuracy of financial data systems for better risk management post the Global Financial Crisis. The LEI is a 20-character unique identity code assigned to entities who are parties to a financial transaction. pdf 56 kb |
| IDMD.CDD.No.3058/13.01.299/2016-17
May 30, 2017 |
Submission of Annual Information Return relating to issue of Bonds for ₹ 5 lakh or more under Section 285 BA of Income Tax Act, 1961 – Change thereof/
A reference is invited to our circular IDMD.CDD.No. 3031/13.01.299/2016-17 dated May 25, 2017 on the captioned subject. pdf 220 kb |
| DCBR.CO.LS.(PCB/RCB).Cir.No.5/07.01.000/2016-17
May 25, 2017 |
Regulatory requirements for issue of Pre-paid Payment Instruments by Co-operative Banks/
Refers to our circular UBD.CO.BPD.PCB.Cir.No.65/09.69.000/2013-14 dated May 27, 2014 permitting the UCBs which have installed ATMs and issued ATM cum Debit cards to introduce semi-closed Prepaid Payment Instruments (PPIs) for payment of utility bills / essential services upto a limit of Rs.10,000/-. pdf 200 kb May 25 |
| FIDD.CO.LBS.BC.No.30/02.08.001/2016-17
May 25, 2017 |
Formation of new districts in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility/
The Government of Arunachal Pradesh vide Gazette Notification dated March 3, 2014 had notified the creation of four new districts in the State of Arunachal Pradesh. It has been decided to assign the lead bank responsibility of the new districts to State Bank of India as detailed below:- pdf 490 May 25-1 |
| IDMD.CDD.No.3031/13.01.299/2016-17
May 25, 2017 |
Submission of Annual Information Return relating to issue of Bonds for ₹ 5 lakh or more under Section 285 BA of Income Tax Act, 1961 – Change thereof/
Refers to letter DGBA.CDD.13.01.299/H – 739 – 768/2005-06 dated August 5, 2005 on the captioned subject. pdf 238 kb |
| FIDD.CO.FSD.BC.No.29/05.02.001/2016-17
May 25, 2017 |
Continuation of Interest Subvention Scheme for short-term crop loans on interim basis during the year 2017-18 – regarding/
Refers to our Circular FIDD. CO. FSD. BC. No 9/05.02.001/2016-17 dated August 4, 2016 on Interest Subvention Scheme for Short-term Crop Loans 2016-17 wherein we had advised the continuation and implementation of the Interest Subvention Scheme for the year 2016-17. As regards the Scheme for the year 2017-18, Ministry of Agriculture & Farmers Welfare, Government of India (GoI) has informed that they have initiated the process for continuation of the Interest Subvention Scheme. pdf 232 kb |
| DBR.No.BAPD.BC.69/22.01.001/2016-17
May 18, 2017 |
Rationalisation of Branch Authorisation Policy- Revision of Guidelines/
Refers to the paragraph 11 on ‘Banking Outlets – Final Guidelines’ (extract enclosed) of the Statement on Developmental and Regulatory Policies released on April 06, 2017. pdf 738 kb |
| DBR.No.BP.BC.70/21.04.142/2016-17
May 18, 2017 |
Partial Credit Enhancement to Corporate Bonds/
Refers to paragraph 21 (a) of the Guidelines on Partial Credit Enhancement to Corporate Bonds by Banks annexed to the circular DBR.BP.BC.No.40/21.04.142/2015-16 dated September 24, 2015, on the capital requirements during the lifetime of the bond in respect of which partial credit enhancement (PCE) is provided by the banks. pdf 215 kb |
| DBR.Appt.No.BC.68/29.67.001/2016-17
May 18, 2017 |
Minimum qualifications and experience for CFO and CTO/
Rapid innovations in banking and technology call for better risk governance in the areas of finance and technology. A Chief Financial Officer (CFO) and Chief Technology Officer (CTO) in banks’ management structure would play a crucial role in strengthening and sustaining the banks’ risk governance framework. pdf 291 kb |
| Ref:DBR.CO.No.Ret.BC/66/12.07.144/2016-17
May 11, 2017 |
Submission of Statutory returns (SLR-Form VIII) in XBRL platform/
It has been decided to move the reporting of SLR from PCRPCD to XBRL (Extensible Business Reporting Language) platform. You are therefore advised to submit the returns (Form VIII) in XBRL from the month of April 2017. pdf 91 kb May 11 |
| DBR.BP.BC.No.67/21.04.048/2016-17
May 05, 2017 |
Timelines for Stressed Assets Resolution/
Refers to the circular DBOD.BP.BC.No.97/21.04.132/2013-14 dated February 26, 2014 on “Framework for Revitalising Distressed Assets in the Economy – Guidelines on Joint Lenders’ Forum (JLF) and Corrective Action Plan (CAP)” and subsequent circulars/amendments in this regard. pdf 101 kb |
| A.P. (DIR Series) Circular No. 46
May 04, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 4 million to the Government of the Co-operative Republic of Guyana/
Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 22, 2017 with the Government of the Co-operative Republic of Guyana for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 4 million (USD Four million only) for the purpose of financing the procurement of high capacity fixed and mobile drainage pumps and associated structures in the Co-operative Republic of Guyana. The credit is available for financing export of eligible goods from India which means any goods and services including plant, machinery and equipment for the purpose of high capacity fixed and mobile drainage pumps and associated structure in terms of the Agreement and those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 22 kb |
| DCBR.RAD (PCB/RCB) Cir.No.4/7.12.001/2016-17
Apr 28, 2017 |
Guidelines on Merchant Acquisition for Card Transactions/
Co-operative banks have been permitted to install both onsite/offsite ATM networks and can issue debit cards on their own or through sponsor banks based on certain eligibility conditions. Also, all co-operative banks have been allowed to enter into credit card business on their own or co-branding arrangement with other banks, subject to fulfilment of the guidelines prescribed in this regard. Keeping in view the need for encouraging digital channels for financial transactions in co-operative banks, it has been decided as under: pdf 73 kb April 28 |
| DNBR. PD (ARC) CC. No. 03/26.03.001/2016-17
Apr 28, 2017 |
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002- Section 3 (1) (b) – Requirement of Net Owned Fund (NOF) for Asset Reconstruction Companies/
A reference is invited to paragraph 9 of the Bank’s Monetary Policy Statement on Developmental and Regulatory Policies dated April 06, 2017 (extract enclosed as annex). pdf 119 kb |
| DBR.BP.BC.No.65/21.04.103/2016-17
Apr 27, 2017 |
Risk Management Systems – Role of the Chief Risk Officer (CRO)/
Refers to the guidelines on Risk Management Systems issued vide our circular DBOD.No.BP.(SC).BC.98/21.04.103/99 dated October 7, 1999 and the Guidance Notes on Management of Credit Risk and Market Risk issued in terms of our circular DBOD. No. BP. 520/21.04.103/2002-03 dated October 12, 2002. pdf 280 kb |
| A.P. (DIR Series) Circular No. 45
Apr 27, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 52.30 million to the Government of the Republic of Mauritius/
Export-Import Bank of India (Exim Bank) has entered into an agreement dated November 17, 2016 with the Government of the Republic of Mauritius for making available to the latter, a Government of India supported Line of Credit (LoC) of USD 52.30 million (USD Fifty two million three hundred thousand only) for the purpose of financing Project Trident in the Republic of Mauritius.The credit under this LoC is available for financing export of eligible goods from India which means any goods and services including plant, machinery and equipment and services including consultancy services, for the purpose of Project Trident in terms of the agreement and those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 30 kb April 27- |
| FIDD.CO.LBS.BC.No.28/02.08.001/2016-17
Apr 27, 2017 |
Formation of a new district in the State of Haryana – Assignment of Lead Bank Responsibility/
The Haryana Government vide Gazette Notification dated December 1, 2016 had notified the creation of a new district to be called ‘Charki Dadri’ in the State of Haryana. It has been decided to assign the lead bank responsibility of this new district to Punjab National Bank as detailed below:- pdf 166 kb April 27-2 |
| IDMD.CDD.No.2759/14.04.050/2016-17
Apr 20, 2017 |
Sovereign Gold Bonds, 2017-18 – Series I – Operational Guidelines/
This has reference to the GoI notification F.No.4(8)-(W&M)/2017 and RBI circular IDMD.CDD.No.2760/14.04.050/2016-17 dated April 20, 2017 on the Sovereign Gold Bonds, 2017-18-Series I. FAQs in this regard have been placed on our website (www.rbi.org.in). Operational guidelines with regard to this scheme are given below: pdf 60 kb April 20 |
| IDMD.CDD.No.2760/14.04.050/2016-17
Apr 20, 2017 |
Sovereign Gold Bonds 2017-18 – Series I/
Government of India has vide its Notification F.No. 4(8)-(W&M)/2017 dated April 20, 2017 announced that the Sovereign Gold Bonds 2017 -18– Series I (“the Bonds”) will be open for subscription from April 24, 2017 to April 28, 2017. The Government of India may, with prior notice, close the Scheme before the specified period. The terms and conditions of the issuance of the Bonds shall be as follows: pdf 290 kb |
| Ref. DBS.CO.PPD.BC.No.9/11.01.005/2016-17
Apr 20, 2017 |
Compliance with Ghosh Committee Recommendations/
We invite attention to our circular DBS.CO.PPD.BC.No.10/11.01.005/2015-16; dated April 28, 2016, in terms of which banks have been advised that the compliance to the Jilani Committee recommendations need not be reported to the Audit Committee of the Board (ACB). pdf 221 kb |
| S.O.4061 E
Apr 19, 2017 |
Amendment to Pradhan Mantri Garib Kalyan Deposit Scheme, Notification No.S.O.4061 E/
In exercise of the powers conferred by clause (c) of section 199B of the Finance Act, 2016 (28 of 2016) (hereinafter referred to as the Act), the Central Government hereby amends the conditions specified in clause 5 of the Pradhan Mantri Garib Kalyan Deposit Scheme notified vide Notification No.S.O.4061 (E) dated December 16, 2016, amended vide Notification No. S.O. 204(E) dated January 19, 2017 and further amended vide Notification No. S .O. 365 (E) dated February 07, 2017. pdf 29 kb April 19 |
| DBR.BP.BC.No.63/21.04.018/2016-17
Apr 18, 2017 |
Disclosure in the “Notes to Accounts” to the Financial Statements- Divergence in the asset classification and provisioning/
Refers to paragraph 22 of the Fourth Bi-monthly Monetary Policy Statement, 2015-16 announced on September 29, 2015 on the captioned subject (extract enclosed). pdf 264 kb |
| DBR.No.BP.BC.64/21.04.048/2016-17
Apr 18, 2017 |
Additional Provisions For Standard Advances At Higher Than The Prescribed Rates/
Refers to paragraph 5 of the Master Circular – Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances dated July 1, 2015. pdf 63 kb April 18-1 |
| DBR.BP.BC.No.61/21.04.018/2016-17
Apr 18, 2017 |
Guidelines on compliance with Accounting Standard (AS) 11 [The Effects of Changes in Foreign Exchange Rates] by banks – Clarification/
Refers to circulars DBOD.No.BP.BC.76/21.04.018/2004-05 dated March 15, 2005 and DBOD.BP.BC.No.76/21.04.018/2005-06 dated April 05, 2006 on the captioned subject. pdf 49 kb April 18-2 |
| DBR.No.FSD.BC.62/24.01.040/2016-17
Apr 18, 2017 |
Prudential Guidelines – Banks’ investment in units of REITs and InvITs/
Refers to the paragraph 12 of the Statement on Developmental and Regulatory Policies (extract enclosed) issued by RBI on April 06, 2017. As indicated therein, it has been decided to allow banks to participate in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) within the overall ceiling of 20 per cent of their net worth permitted for direct investments in shares, convertible
bonds/ debentures, units of equity-oriented mutual funds and exposures to Venture Capital Funds (VCFs) [both registered and unregistered], subject to the following conditions: pdf 147 kb |
| A.P. (DIR Series) Circular No. 44
Apr 13, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 31.29 million to the Government of the Republic of Nicaragua/
Export-Import Bank of India (Exim Bank) has entered into an agreement dated September 8, 2016 with the Government of the Republic of Nicaragua for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 31.29 million (USD Thirty one million two hundred ninety thousand only) for financing the transmission lines and substations project in the Republic of Nicaragua. The credit is available for financing export of eligible goods from India which means any goods and services including machinery and equipment for the purpose of transmission lines and substation in terms of the Agreement and those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 30 kb April 13 |
| DBR.CID.BC. 60/20.16.040/2016-17
Apr 13, 2017 |
Grant of ‘Certificate of Registration’ – For carrying on the business of credit information – Transunion CIBIL Limited/
Refers to our circular DBOD.No.CID.BC.84/20.16.042/2011-12 dated March 05, 2012 regarding grant of ‘Certificate of Registration’ to Credit Information Bureau (India) Limited and circular DBR.No.CID.BC.16/20.16.042/2016-17 dated September 29, 2016 issued consequent to change in name of the company to TransUnion CIBIL. pdf 42 kb |
| DBS.CO.PPD. BC.No.8/11.01.005/2016-17
Apr 13, 2017 |
Revised Prompt Corrective Action (PCA) Framework for Banks/
Refers to RBI circulars No. DBS.CO.PP.BC.9/11.01.005/2002-03 dated December 21, 2002 and DBS.CO.PP.BC.13/11.01.005/2003-04 dated June 15, 2004 on the scheme of Prompt Corrective Action. pdf 72 kb |
| FIDD.FLC.BC.No.27/12.01.018/2016-17
Apr 13, 2017 |
Financial Literacy Week/ pdf 84 kb April 13-3 |
| FMOD.MAOG.No.120/01.01.001/2016-17
Apr 12, 2017 |
Security Substitution Facility for term repos conducted by Reserve Bank of India under the Liquidity Adjustment Facility/
As announced in the First Bi-monthly Monetary Policy Statement for 2017-18, it has been decided to allow substitution of collateral (security) by the market participants during the tenor of the term repos conducted by Reserve Bank of India under the Liquidity Adjustment Facility, from April 17, 2017. pdf 106 kb |
| DBR.IBD.BC.59/23.13.004/2016-17
Apr 10, 2017 |
Setting up of IFSC Banking Units (IBUs) – Permissible activities/
Refers to RBI circular DBR.IBD.BC.14570/23.13.004/2014-15 dated April 01, 2015, as modified from time to time, setting out RBI directions relating to IFSC Banking Units (IBUs). We have received a few suggestions and queries from the stakeholders regarding operations of the IBUs and financial institutions in IFSCs. These issues have been examined and the directions stand further modified as follows: pdf 46 kb |
| DGBA.GAD.No.2646/31.02.007/2016-17
Apr 07, 2017 |
Systems and Controls for Conduct of Government Banking/
Refers to our Master Circulars DGBA.GAD.No.2/31.12.010/2015-16 dated July 1, 2015 on Conduct of Government Business by Agency Banks – Payment of Agency Commission and DGBA.GAD.No.H-1/31.05.001/2015-16 dated July 1, 2015 on Disbursement of Government Pension by Agency Banks that, inter alia, deal with Systems and Controls in agency banks for conduct of government banking. pdf 134 kb |
| DBR.No.Ret.BC.58/12.01.001/2016-17
Apr 06, 2017 |
Change in Bank Rate/
Refers to our circular DBR.No.Ret.BC.19/12.01.001/2016-17 dated October 04, 2016 on the captioned subject. pdf 373 kb |
| FMOD.MAOG. No.119/01.18.001/2016-17
Apr 06, 2017 |
Marginal Standing Facility/
As announced in the First Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC), consequent upon the narrowing of the LAF corridor, the Marginal Standing Facility (MSF) rate now stands adjusted at 6.50 per cent. pdf 32 kb |
| FMOD.MAOG. No. 118/01.01.001/2016-17
Apr 06, 2017 |
Liquidity Adjustment Facility – Repo and Reverse Repo Rates/
As announced in the First Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC), it has been decided to keep the Repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.25 per cent. pdf 15 kb |
| DGBA.GAD.2618/15.02.005/2016-17
Apr 06, 2017 |
Interest rates for Small Savings Schemes/
Refers to our circular DGBA.GAD.2012/15.02.005/2016-17 dated February 9, 2017 on the above subject. The Government of India, had vide their Office Memorandum (OM) No.F.No.1/4/2016–NS.II dated March 31, 2017 advised the rate of interest on various small savings schemes for the first quarter of the financial year 2017-18 (copy enclosed). pdf 33 kb April 6-3 |
| A.P.(DIR Series) Circular No. 43
Mar 31, 2017 |
Investment by Foreign Portfolio Investors in Government Securities/
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 outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time. The limits for investment by foreign portfolio investors (FPIs) in Government securities were last increased in terms of Medium Term Framework (MTF) announced vide A.P. (DIR Series) Circular No. 4 dated September 30, 2016. pdf 50 kb March 31 |
| DPSS.CO.PD No.2737/02.14.003/2016-17
Mar 30, 2017 |
Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions – Continuance of Special Measures/
A reference is invited to our circular DPSS.CO.PD.No.1515/02.14.003/2016-17 dated December 16, 2016 wherein special measures for debit card transactions (including for payments made to Government) were introduced for a temporary period starting January 1, 2017 through March 31, 2017. Further, attention is also invited to “Draft Circular – Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions” dated February 16, 2017 wherein comments from the public were sought for the proposed MDR framework for debit card transactions till February 28, 2017. pdf 188 kb |
| A.P. (DIR Series) Circular No. 42
Mar 30, 2017 |
Purchase of foreign exchange from foreign citizens and others/
Attention of Authorized Persons is invited to the A.P. (DIR Series) Circulars No. 20, 22 and 24 dated November 25, 2016, December 16, 2016 and January 3, 2017 respectively, permitting foreign citizens (i.e. foreign passport holders) to exchange foreign exchange for Indian currency notes up to a limit of Rs. 5000/- per week till January 31, 2017. pdf 85 kb |
| FIDD.CO.LBS.BC. No. 26/02.01.001/2016-17
Mar 30, 2017 |
Assignment of Lead Bank Responsibility/
As per the Gazette of India Notification dated February 22, 2017, the merger of Associate banks with State Bank of India has been notified. The Order comes into effect on April 1, 2017. pdf 175 kb |
| FIDD.CO.LBS.BC. No. 25/02.01.001/2016-17
Mar 30, 2017 |
Assignment of SLBC Convenorship – Telangana/
As per the Gazette of India Notification G.S.R. 157 (E) dated February 22, 2017, the merger of State Bank of Hyderabad with State Bank of India has been notified. The Order called the ‘Acquisition of State Bank of Hyderabad Order, 2017’ comes into effect on April 1, 2017. pdf 169 kb March 30-3 |
| FIDD.CO.LBS.BC.No.24/02.08.001/2016-17
Mar 27, 2017 |
Formation of seven new districts in the State of Manipur – Assignment of Lead Bank Responsibility/
Refers to the circular FIDD.CO.LBS.BC.No.23/02.08.001/2016-17 dated March 9, 2017 on assigning lead bank responsibility to the seven newly created districts in the State of Manipur. pdf 421 kb |
| A.P. (DIR Series) Circular No. 41
Mar 21, 2017 |
Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies/
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 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000) issued under clause (h) of sub-section (2) of Section 47 of FEMA, 1999 (Act 42 of 1999), as amended from time to time and Master Direction on Risk Management and Inter-Bank Dealings dated July 5, 2016, as amended from time to time. pdf 90 kb |
| A.P. (DIR Series) Circular No. 40
Mar 16, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 50 million to the Government of Co-operative Republic of Guyana/
Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 16, 2016 with the Government of Co-operative Republic of Guyana for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 50 million (USD Fifty million only) for financing East Bank East Coast Road Linkage Project in Guyana. The goods including plant, machinery, equipment and services including consultancy services from India for exports under this agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 30 kb March 16 |
| A.P. (DIR Series) Circular No. 39
Mar 16, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 10 million to the Government of Co-operative Republic of Guyana/
Export-Import Bank of India (Exim Bank) has entered into an agreement dated November 09, 2016 with the Government of Co-operative Republic of Guyana for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 10 million (USD Ten million only) for financing procurement of an ocean ferry for meeting the transportation requirements of passengers, vehicles and cargo in the northern region in Guyana. The goods including plant, machinery and equipment and services including consultancy services from India for exports under this agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 30 March 16-1 |
| IDMD.CDD.No. 2347/14.04.051/2016-17
Mar 16, 2017 |
Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 – Clarification/
Refers to our letter IDMD.No.1451/08.03.016/2016-17 dated December 16, 2016 and Notification No. S.O.4061(E) dated December 16, 2016 issued by the Government of India about announcement of “Pradan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016. It has been brought to our notice that there is lack of clarity amongst investors on the reference number that needs to be quoted on Form V while uploading the same to the Income tax Authorities. pdf 226 kb |
| DGBA.GAD.No. 2377/42.01.029/2016-17
Mar 16, 2017 |
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17)/
The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be made for the purpose, as in previous years. Accordingly, all agency banks should keep the counters of their designated branches conducting government business open for government transactions up to 6.00 p.m. on March 30, 2017 and up to 8.00 p.m. on March 31, 2017. All electronic transactions would, however, continue till midnight on March 31, 2017. Banks may give adequate publicity to the special arrangements made. pdf 43 kb |
| DGBA.GAD.No. 2376/42.01.029/2016-17
Mar 16, 2017 |
Reporting and Accounting of Central Government Transactions of March 2017/
Refers to Circular DGBA.GAD.No.2968/42.01.029/2015-16 dated March 17, 2016 advising the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBEC, departmentalised ministries and non-Civil Ministries) at the Receiving/Nodal/Focal Point branches of your bank for the Financial Year 2015-16. pdf 67 kb March 16-4 |
| FEMA.387/2017-RB
Mar 09, 2017 |
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017/
In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No. FEMA. 20/2000-RB dated 3rd May 2000) namely:- pdf 32 kb March 9 |
| FIDD.CO.LBS.BC.No.23/02.08.001/2016-17
Mar 09, 2017 |
Formation of seven new districts in the State of Manipur – Assignment of Lead Bank Responsibility/
The Government of Manipur vide Gazette Notification dated December 8, 2016 had notified the creation of seven new districts in the State of Manipur. It has been
decided to assign the lead bank responsibility of the seven new districts as detailed below:- pdf 430 kb |
| A.P. (DIR Series) Circular No. 38
Mar 09, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 92.18 million to the Government of Tanzania/
Export-Import Bank of India (Exim Bank) has entered into an agreement on July 10, 2016 with the Government of Tanzania for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 92.18 million (USD Ninety two million one hundred eighty thousand only) for financing rehabilitation and improvement of water supply system in Zanzibar in Tanzania. The goods including plant, machinery, equipment and services including consultancy services from India for exports under this agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 109 kb March 9-2 |
| A.P. (DIR Series) Circular No. 37
Mar 09, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 750 million to the Government of Nepal/
Export-Import Bank of India (Exim Bank) has entered into an agreement on September 16, 2016 with the Government of Nepal for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 750 million (USD Seven hundred fifty million only) for financing the post-earthquake reconstruction projects in Nepal. The goods including plant, machinery, equipment and services including consultancy services from India for exports under this agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India, except for civil works for which 50 per cent of the contract price shall be supplied by the seller from India. pdf 36 kb March 9-3 |
| DNBR (PD) CC.No.086/03.10.001/2016-17
Mar 09, 2017 |
Disbursal of loan amount in cash/
Reference is invited to instructions contained in para 37(iii)(b) of Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 which states that high value loans against gold of ₹1 lakh and above must only be disbursed by cheque. pdf 78 kb March 9-4 |
| DGBA.GAD.No.2294/15.04.001/2016-17
Mar 06, 2017 |
Gold Monetisation Scheme/
Refers to RBI Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015 (updated up to January 21, 2016) on the above subject. In order to operationalise the scheme, we advise the following: pdf 315 kb |
| FEMA.385/2017-RB
Mar 03, 2017 |
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2017/
In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No. FEMA. 20/2000-RB dated 3rd May 2000) namely:- pdf 191 kb |
| A.P. (DIR Series) Circular No. 36
Mar 02, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 78 million to the Government of the Republic of Sierra Leone/
Export-Import Bank of India (Exim Bank) has entered into an agreement dated August 11, 2016 with the Government of the Republic of Sierra Leone for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 78 million (USD Seventy Eight million only) for financing transmission line and substation project in the Republic of Sierra Leone. The goods including plant, machinery, equipment and services including consultancy services from India for exports under this agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 36 March 2 |
| A.P. (DIR Series) Circular No. 35
Mar 02, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 26 million to the Government of the Republic of Senegal/
Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 15, 2016 with the Government of the Republic of Senegal for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 26 million (USD Twenty Six million only) for financing acquisition of buses in the Republic of Senegal. The goods including plant, machinery, equipment and services including consultancy services from India for exports under this agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, the goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 36 March 2-1 |
| A.P. (DIR Series) Circular No. 34
Mar 02, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 23.50 million to the Government of the Republic of Malawi/
Export-Import Bank of India (Exim Bank) has entered into an agreement dated August 05, 2016 with the Government of the Republic of Malawi for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 23.50 million (USD Twenty three million and five hundred thousand only) for financing construction of a new water supply system from Likhubula river in Mulanje to Blantyre in the Republic of Malawi. The goods including plant, machinery, equipment and services including consultancy services from India for exports under this agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 36 March 2-2 |
| A.P. (DIR Series) Circular No. 33
Mar 02, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 15 million to the Government of the Republic of Kenya/
Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 11, 2016 with the Government of the Republic of Kenya for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 15 million (USD Fifteen million only) for financing development of various small and medium enterprises in the Republic of Kenya. The goods including plant, machinery, equipment and services including consultancy services from India for exports under this agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 35 kb March 2-3 |
| DNBR.PD.CC.No.085/03.10.001/2016-17
Mar 02, 2017 |
Infrastructure Financing- Definition of ‘Infrastructure Lending’/
Refers to the definition of ‘Infrastructure Lending’ contained in the Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016. pdf 145 kb |
| A.P. (DIR Series) Circular No. 32
Mar 02, 2017 |
Exim Bank’s Government of India supported Line of Credit of USD 29.95 million to the Government of the Republic of Kenya/
Export-Import Bank of India (Exim Bank) has entered into an agreement dated July 11, 2016 with the Government of the Republic of Kenya for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 29.95 million (USD Twenty Nine million and Nine hundred Fifty thousand only) for financing up gradation of Rift Valley Textiles factory (RIVATEX East Africa Limited) in the Republic of Kenya. The goods including plant, machinery, equipment and services including consultancy services from India for exports under this agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this agreement. Out of the total credit by Exim Bank under this agreement, goods and services of the value of at least 72 per cent of the contract price shall be supplied by the seller from India and the remaining 28 per cent of goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 36 March 2-5 |
| FIDD.FLC.BC.No.22/12.01.018/2016-17
Mar 02, 2017 |
Financial Literacy by FLCs (Financial Literacy Centres) and rural branches – Policy Review/
Refers to our circular FIDD.FLC.BC.No.18/12.01.018/2015-16 dated January 14, 2016 on guidelines for FLCs and rural branches. In terms of this circular, FLCs and rural branches were advised to conduct two types of camps viz. – Special camps for people newly inducted into the financial system (1 camp per month) for a period of one year and target group specific camps 1 each for five target groups’ viz. farmers, small entrepreneurs, school children, senior citizens and SHGs. The one year period for conduct of special camps for people newly inducted into the financial system has come to an end in January 2017. pdf 446 kb |
| FED Master Direction No.1/2016-17
Feb 23, 2017 |
Master Direction – Money Transfer Service Scheme (MTSS)/
Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. pdf 73 kb Feb 23 |
| IDMD.CDD.No.2188/14.04.050/2016-17
Feb 23, 2017 |
Sovereign Gold Bonds, 2016-17 – Series IV – Operational Guidelines/
This has reference to the GoI notification F.No. 4(16)-B(W&M)/2016 and RBI circular IDMD.CDD.No.2187/14.04.050/2016-17 dated February 23, 2017 on the Sovereign Gold Bonds, 2016-17-Series IV. FAQs in this regard have been placed on our website (www.rbi.org.in). Operational guidelines with regard to this scheme are given below: pdf 60 kb Feb 23-1 |
| IDMD.CDD.No.2187/14.04.050/2016-17
Feb 23, 2017 |
Sovereign Gold Bonds 2016-17 – Series IV/
Government of India has vide its Notification F.No. 4(16)-B(W&M)/2016 dated February 23, 2017 announced that the Sovereign Gold Bonds 2016 -17– Series IV (“the Bonds”) will be open for subscription from February 27, 2017 to March 03, 2017. The Government of India may, with prior notice, close the Scheme before the specified period. The terms and conditions of the issuance of the Bonds shall be as follows: pdf 253 kb Feb 23-2 |
| A. P. (DIR Series) Circular No.31
Feb 16, 2017 |
Issuance of Rupee denominated bonds overseas – Multilateral and Regional Financial Institutions as Investors/
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to paragraph No. 4 of A. P. (DIR Series) Circular No. 60 dated April 13, 2016 and paragraph No. 3.3.3 of Master Direction No.5 dated January 1, 2016 on ‘External Commercial Borrowings, Trade Credit, Borrowing and Lending in Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers’ as amended from time to time about the criteria of recognized investors in the Rupee denominated bonds issued overseas. pdf 19 kb Feb 16 |
| FMRD.DIRD.13/14.01.019/2016-17
Feb 16, 2017 |
Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) – Withdrawal of Fortnightly return/
Attention is invited to the RBI notification ref. no. MPD.BC.187/07.01.279/1999-2000 dated July 07, 1999. As per the notification, banks were advised to submit a fortnightly return on FRA/IRS to Monetary Policy Department with a copy to various RBI departments. pdf 71 kb Feb 16-1 |
| DBR.RRB.BC.No. 53/31.01.001/2016-17
Feb 16, 2017 |
Repayment of Gold Loan/
Refers to circular RPCD.CO.RRB.BC.No.22/03.05.34/2010-11 dated September 22, 2010 wherein Regional Rural Banks (RRBs) were permitted to grant gold loans up to Rs.1.00 lakh with bullet repayment option. pdf 105 kb |
| DGBA.GAD.No.2128/44.02.001/2016-17
Feb 16, 2017 |
Reimbursement of Merchant Discount Rate/
The Government of India (GoI) has decided to absorb the Merchant Discount Rate (MDR) charges in respect of debit card transactions while making payments to GoI. The Office Memoranda issued by the Office of Controller General of Accounts dated December 14 and 15, 2016 and Central Board of Direct Taxes dated January 30, 2017 in this regard are enclosed. Agency banks may also be guided by the extant RBI Circulars regarding the applicable MDR rates. pdf 116 kb Feb 16-5 |
| FIDD.CO.LBS.BC.No.21/02.08.001/2016-17
Feb 16, 2017 |
Formation of twenty one new districts in the State of Telangana – Assignment of Lead Bank Responsibility/
The Government of Telangana vide Gazette Notification dated October 11, 2016 had notified the formation of twenty one new districts in the State of Telangana. It has been decided to assign the lead bank responsibility of the twenty one new districts as detailed below:- pdf 226 kb Feb 16-6 |
| S.O. 4061 E
Feb 07, 2017 |
Amendment to Pradhan Mantri Garib Kalyan Deposit Scheme,Notification No S.O. 4061 E/
In exercise of the powers conferred by clause (c) of section 199B of the Finance Act, 2016 (28 of 2016) (hereinafter referred to as the Act), the Central Government hereby amends the conditions specified in clause 4 of the Pradhan Mantri Garib Kalyan Deposit Scheme notified vide Notification No. S.O.4061 (E). dated December 16, 2016 and amendment vide Notification No. S.O. 204(E) dated January 19, 2017. pdf 29 kb Feb 7 |
| A.P. (DIR Series) Circular No. 30
Feb 02, 2017 |
Risk Management and Inter-bank Dealings: Permitting Non Resident Indians (NRIs) access to Exchange Traded Currency Derivatives (ETCD) market/
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 3, 2000 (Notification No. FEMA. 25/RB-2000 dated May 3, 2000) issued under clause (h) of sub-section (2) of Section 47 of FEMA, 1999 (Act 42 of 1999), as amended from time to time and Master Direction on Risk Management and Inter-Bank Dealings dated July 5, 2016, as amended from time to time. pdf 99 kb Feb 2 |
| DBR.BP.BC.No.50/21.06.201/2016-17
Feb 02, 2017 |
Basel III Capital Regulations- Additional Tier 1 Capital/
Refers to the paragraph 1.8 on ‘Coupon Discretion’ under Annex 4 on ‘’Criteria for Inclusion of Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital’ of the Master Circular, DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on ‘Basel III Capital Regulations’ read with the circular DBR.No.BP.BC.71/21.06.201/2015-16 dated January 14, 2016 on ‘Master Circular – Basel III Capital Regulations – Clarification’. pdf 83 kb |
| A.P. (DIR Series) Circular No. 29
Feb 02, 2017 |
Foreign Exchange Management Act, 1999 (FEMA) Foreign Exchange (Compounding Proceedings) Rules, 2000 (the Rules) – Compounding of Contraventions under FEMA, 1999/
Attention of all the Authorised Dealer Category – I (AD Category – I) banks and their constituents is invited to A.P. (DIR Series) Circular No. 117 and 36 dated April 4, 2014 and October 16, 2014 respectively, and the Foreign Exchange (Compounding Proceedings) Rules, 2000 notified by the Government of India vide G.S.R.No.383 (E) dated 3rd May 2000, as amended from time to time, regarding delegation of powers to the Regional Offices of the Reserve Bank of India to compound the contraventions of FEMA. pdf 21 kb Feb 2-2 |
| DNBR.CC.PD.No. 084/22.10.038/2016-17
Feb 02, 2017 |
Review of Guidelines on “Pricing of Credit”/
As per extant instructions on “Pricing of Credit” issued to NBFC-MFIS under “Master Direction-Non-Banking Financial Company-Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016” and “Master Direction – Non-Banking Financial Company-Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016” dated September 01, 2016, it has been advised that- pdf 36 kb Feb 2-3 |
| DCM (Plg) No. 2905/10.27.00/2016-17
Jan 30, 2017 |
Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo ante/
Refers to our circular DCM (Plg) No.1226/10.27.00/2016-17 dated November 08, 2016 placing limits on Cash withdrawals from bank accounts and ATMs in the wake of withdrawal of Legal Tender Character of Specified Bank Notes (SBN) and subsequent circulars DCM (Plg) Nos.1256, 1274, 1317, 1437, 2142 and 2559 dated November 11, 14, 21, 28, December 30, 2016 and January 16, 2017 respectively, providing for relief and relaxations therefrom. pdf 19 kb January 30 |
| A.P. (DIR Series) Circular No. 28
Jan 25, 2017 |
Prohibition on Indian Party from making direct investment in countries identified by the Financial Action Task Force (FATF) as “Non Co-operative countries and territories”/
Attention of the Authorised Dealer Category – I (AD – Category I) banks is invited to Regulation 6 of FEMA Notification No. FEMA.120/RB-2004 dated July 07, 2004, as amended from time to time. pdf 19 kb January 25 |
| Master Direction DPSS.CO.OD.No.1846/04.04.009/2016-17
Jan 19, 2017 |
Master Directions on Access Criteria for Payment Systems/
A reference is invited to our circular DPSS.CO.OD.494/04.04.009/2011-2012 dated September
21, 2011 prescribing the Access Criteria for Payment Systems. These Master Directions, being issued under Section 10(2) read with Section 18 of Payment and Settlement Systems Act 2007 (Act 51 of 2007), consolidate and update all the instructions issued on the subject up to December 31, 2016 and placed on the web-site of the Reserve Bank of India (www.rbi.org.in). pdf 742 kb |
| DCM (Plg) No. 2559 /10.27.00/2016-17
Jan 16, 2017 |
Enhancement of withdrawal limits from ATMs and Current Accounts/
Refers to our circulars DCM (Plg) No. 1274, 1317, 1437 and 2142/10.27.00/2016-17 dated November 14, 21 and 28 and December 30, 2016, respectively, on the above subject. pdf 22 kb January 16 |
| A.P. (DIR Series) Circular No. 27
Jan 12, 2017 |
Evidence of Import under Import Data Processing and Monitoring System (IDPMS)/
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 05 dated October 06, 2016 read with Section 5 and Section 10 of the Foreign Exchange Management Act 1999 (42 of 1999), Government of India Notification No. G.S.R. 381(E) dated May 3, 2000 viz., Foreign Exchange Management (Current Account Transaction) Rules, 2000 on import of goods, FED Master Direction No. 17 dated January 1, 2016 on Import of Goods and Services and A.P. (DIR Series) Circular No. 9 dated August 24, 2000 which outlines the procedure, mode/manner of payment for imports and submission of related returns. Within the contours of the extant instructions on import of goods, specific attention is invited to the directions on Obligation of Purchaser of Foreign Exchange and submission of document as Evidence of Import. pdf 24 kb |
| A.P. (DIR Series) Circular No. 26
Jan 12, 2017 |
Exim Bank’s GoI supported Line of Credit of USD 0.17 million to the Government of the Republic of Burundi/
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated February 14, 2014 with the Government of the Republic of Burundi for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 0.17 million (USD One hundred seventy thousand) for the purpose of financing for preparation of detailed project report for an Integrated Food Processing Complex in Burundi. The services from India for exports under this Agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this Agreement. Out of the total credit by Exim Bank under this Agreement, services of the value of at least 75% of the contract price shall be supplied by the seller from India and the remaining 25% services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 39 kb January 12-1 |
| Notification No.FEMA.383/2017-RB
Jan 10, 2017 |
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2017/
In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No.FEMA.20/2000-RB dated 3rd May 2000) (hereinafter referred to as ‘the Principal Regulations’), namely:- pdf 26 kb January 10 |
| Notification No.FEMA.377/2016-RB
Jan 10, 2017 |
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fifteenth Amendment) Regulations, 2016/
In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No. FEMA. 20/2000-RB dated 3rd May 2000) namely:- pdf 27 January 10-1 |
| A.P. (DIR Series) Circular No. 25
Jan 05, 2017 |
Exim Bank’s GoI supported Line of Credit of USD 4.22 million to the Government of the Republic of Burundi/
Export-Import Bank of India (Exim Bank) has entered into an Agreement dated February 14, 2014 with the Government of the Republic of Burundi for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 4.22 million (USD Four million two hundred and twenty thousand) for the purpose of financing the farm mechanization in Burundi. The goods, machinery, equipment, and services including consultancy services from India for exports under this Agreement are those which are eligible for export under the Foreign Trade Policy of the Government of India and whose purchase may be agreed to be financed by the Exim Bank under this Agreement. Out of the total credit by Exim Bank under this Agreement, the goods and services including consultancy services of the value of at least 75% of the contract price shall be supplied by the seller from India and the remaining 25% goods and services may be procured by the seller for the purpose of the eligible contract from outside India. pdf 39 kb Januaty 5 |
| A.P. (DIR Series) Circular No. 24
Jan 03, 2017 |
Exchange facility to foreign citizens/
Attention of Authorized Persons is invited to the A.P. (DIR Series) Circular No. 20 dated November 25, 2016 permitting foreign citizens to exchange foreign exchange for Indian currency notes up to a limit of ` 5000/- per week till December 15, 2016 and extended up to December 31, 2016 vide A.P. (DIR Series) Circular No. 22 dated December 16, 2016. pdf 20 kb January 3 |
| Notification No.FEMA.382/2016-RB
Jan 02, 2017 |
Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Second Amendment) Regulations, 2016/
In exercise of the powers conferred by clause (a) of sub-section (3) of Section 6 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004 (Notification No. FEMA.120/RB-2004 dated July 7, 2004) namely:- pdf 19 kb January 2 |
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