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RBI : Circulars

 
 
 
Meant For : The Chairman / Managing Director / Chief Executive Officer of all banks participating in NEFT
Circular Number : RBI/2021-2022/94CO.DPSS.RPPD.No.S475/04.09.003/2021-22
Subject : Enhancements to Indo-Nepal Remittance Facility Scheme
Department : Department of Payment and Settlement Systems
Date Of Issue : 27 August, 2021
Meant For : The Chairman / Managing Director & Chief Executive Officer (All Scheduled Commercial banks including RRBs)
Circular Number : RBI/2021-2022/93DCM (CC) No.97527/03.41.01/2021-22
Subject : Review of incentive and other measures to enhance distribution of coins
Department : Department of Currency Management
Date Of Issue : 27 August, 2021
Meant For : The Chief Executive Officer / President All authorised card networks
Circular Number : RBI/2021-2022/92CO.DPSS.POLC.No.S-469/02-14-003/2021-22
Subject : Tokenisation – Card Transactions : Extending the Scope of Permitted Devices
Department : Department of Payment and Settlement Systems
Date Of Issue : 25 August, 2021
Meant For : All Housing Finance Companies (HFCs)
Circular Number : RBI/2021-2022/91DOR.FIN.REC.No.41/03.10.136/2021-22
Subject : Notification as ‘Financial Institution’ under Section 2(1)(m)(iv) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)
Department : Department of Regulation
Date Of Issue : 25 August, 2021
Meant For : The Chairman / Managing Director & Chief Executive Officer All Lead Banks
Circular Number : RBI/2021-2022/90FIDD.CO.LBS.BC.No.14/02.08.001/2021-22
Subject : Formation of new district in the State of Punjab – Assignment of Lead Bank Responsibility
Department : Financial Inclusion and Development Department
Date Of Issue : 24 August, 2021
Meant For : All Category – I Authorised Dealer Banks
Circular Number : RBI/2021-2022/89A.P. (DIR Series) Circular No.12
Subject : Exim Bank's Government of India supported Line of Credit (LoC) of USD 20.51 million to the Government of the Republic of Guinea
Department : Foreign Exchange Department
Date Of Issue : 19 August, 2021
Meant For : All Category – I Authorised Dealer Banks
Circular Number : RBI/2021-2022/88A.P. (DIR Series) Circular No.11
Subject : Exim Bank's Government of India supported Line of Credit (LoC) of USD 170 million to the Government of the Republic of Guinea
Department : Foreign Exchange Department
Date Of Issue : 19 August, 2021
Meant For : All Category – I Authorised Dealer Banks
Circular Number : RBI/2021-2022/87A.P. (DIR Series) Circular No.10
Subject : Exim Bank's Government of India supported Line of Credit (LoC) of USD 20.22 million to the Government of the Republic of Guinea
Department : Foreign Exchange Department
Date Of Issue : 19 August, 2021
Meant For : All Scheduled Commercial Banks (including RRBs) All Co-operative Banks All Small Finance Banks All Payments Banks All Local Area Banks
Circular Number : RBI/2021-2022/86DOR.LEG.REC/40/09.07.005/2021-22
Subject : Safe Deposit Locker/Safe Custody Article Facility provided by the banks - Revised Instructions
Department : Department of Regulation
Date Of Issue : 18 August, 2021
Meant For : All Category – I Authorised Dealer Banks
Circular Number : RBI/2021-2022/85A.P. (DIR Series) Circular No.09
Subject : Exim Bank's Government of India supported Line of Credit (LoC) of USD 100 million to the Government of the Republic of Mauritius
Department : Foreign Exchange Department
Date Of Issue : 12 August, 2021
Meant For : The Chairman / Managing Director & CEO All Banks
Circular Number : RBI/2021-2022/84DCM (RMMT) No.S153/11.01.01/2021-22
Subject : Monitoring of Availability of Cash in ATMs
Department : Department of Currency Management
Date Of Issue : 10 August, 2021
Meant For : The Chairman/ Managing Director/Chief Executive Officer Public Sector Banks Private Sector Banks (including Small Finance Banks)
Circular Number : RBI/2021-2022/83FIDD.GSSD.CO.BC.No.09/09.01.003/2021-22
Subject : Enhancement of collateral free loans to Self Help Groups (SHGs) under DAY-NRLM from ₹10 lakh to ₹20 Lakh
Department : Financial Inclusion and Development Department
Date Of Issue : 09 August, 2021
Meant For : All Scheduled Banks
Circular Number : RBI/2021-2022/82DOR.RET.REC.36/12.01.001/2021-22
Subject : Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation
Department : Department of Regulation
Date Of Issue : 09 August, 2021
Meant For : All Banks
Circular Number : RBI/2021-2022/81DOR.MRG.39/21.04.157/2021-22
Subject : Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts
Department : Department of Regulation
Date Of Issue : 06 August, 2021
Meant For : All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies)
Circular Number : RBI/2021-2022/80DOR.STR.REC.38/21.04.048/2021-22
Subject : Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised timelines for compliance
Department : Department of Regulation
Date Of Issue : 06 August, 2021
Meant For : All Scheduled Commercial Banks (excluding Regional Rural Banks) All Primary (Urban) Co-operative Banks All Small Finance Banks
Circular Number : RBI/2021-2022/79DOR.DIR.REC.37/04.02.002/2021-22
Subject : Export Credit in Foreign Currency – Benchmark Rate
Department : Department of Regulation
Date Of Issue : 06 August, 2021
Meant For : All Category – I Authorised Dealer Banks
Circular Number : RBI/2021-2022/78A.P. (DIR Series) Circular No.08
Subject : Exim Bank's Government of India supported Line of Credit (LoC) of USD 30.00 million to the Government of the Republic of Sierra Leone
Department : Foreign Exchange Department
Date Of Issue : 05 August, 2021
Meant For : All Scheduled Commercial Banks All Payments Banks
Circular Number : RBI/2021-2022/77DOR.CRE.REC.35/21.04.048/2021-22
Subject : Guidelines for Implementation of the circular on Opening of Current Accounts by Banks
Department : Department of Regulation
Date Of Issue : 04 August, 2021
Meant For : The Chairman / Managing Director / Chief Executive Officer All Non-Bank Payment System Operators
Circular Number : RBI/2021-2022/76CO.DPSS.POLC.No.S-384/02.32.001/2021-2022
Subject : Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators
Department : Department of Payment and Settlement Systems
Date Of Issue : 03 August, 2021
Meant For : The Chairman and Managing Directors/ Managing Director/ CEO All Agency Banks
Circular Number : RBI/2021-2022/75DGBA.GBD.No.S391/42.01.011/2021-22
Subject : Maintenance of State Government Accounts – Recovery of Interest on Excess put through/ Double claim (State Government Transactions)
Department : Department of Government and Bank Accounts
Date Of Issue : 02 August, 2021
Meant For : All deposit taking Housing Finance Companies (HFCs)
Circular Number : RBI/2021-2022/74DOR.FIN.REC.No.34/03.10.136/2021-22
Subject : Rating of Deposits of HFCs – Approved Credit Rating Agencies and Minimum Investment Grade Credit Rating
Department : Department of Regulation
Date Of Issue : 29 July, 2021
Meant For : The Chairman / Managing Director / Chief Executive Officer Authorised Non-bank Payment System Providers
Circular Number : RBI/2021-2022/73DPSS.CO.LVPD No.S290/04.04.009/2021-22
Subject : Access for Non-banks to Centralised Payment Systems
Department : Department of Payment and Settlement Systems
Date Of Issue : 28 July, 2021
Meant For : All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Local Area Banks
Circular Number : RBI/2021-2022/72DOR.CRE.REC.No.33/13.03.00/2021-22
Subject : Loans and Advances – Regulatory Restrictions
Department : Department of Regulation
Date Of Issue : 23 July, 2021
Meant For : The Chairman / Managing Director & Chief Executive Officer All Scheduled Commercial Banks including RRBs Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks
Circular Number : RBI/2021-2022/71DCM (Plg.) No.S39/10.25.007/2021-22
Subject : Cassette - Swaps in ATMs
Department : Department of Currency Management
Date Of Issue : 14 July, 2021
Meant For : All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks
Circular Number : RBI/2021-2022/70DoR.ORG.REC.31/21.06.017/2021-22
Subject : Mandatory Leave for Employees Posted in Sensitive Positions or Areas of Operation
Department : Department of Regulation
Date Of Issue : 09 July, 2021
Meant For : The Chief Executive Officer/ Chairman/Managing Director, All Commercial and Co-operative Banks / All India Financial Institutions / Non-Banking Financial Companies including Housing Finance Companies and Standalone Primary Dealers
Circular Number : RBI/2021-2022/69CO.FMRD.DIRD.S39/14.02.001/2021-22
Subject : Roadmap for LIBOR Transition
Department : Financial Markets Regulation Department
Date Of Issue : 08 July, 2021
Meant For : All Scheduled Commercial Banks
Circular Number : RBI/2021-2022/68DoR.RET.REC.30/12.07.150/2021-22
Subject : Inclusion of “Shivalik Small Finance Bank Limited” in the Second Schedule of the Reserve Bank of India Act, 1934
Department : Department of Regulation
Date Of Issue : 08 July, 2021
Meant For : The Chairman/ Managing Director/Chief Executive Officer All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks / District Central Co-operative Banks All-India Financial Institutions All Non-Banking Financial Companies
Circular Number : RBI/2021-2022/67FIDD.MSME & NFS.BC.No.13/06.02.31/2021-22
Subject : New Definition of Micro, Small and Medium Enterprises - Addition of Retail and Wholesale Trade
Department : Financial Inclusion and Development Department
Date Of Issue : 07 July, 2021
Meant For : All Scheduled Commercial Banks (including RRBs) All Small Finance Banks All Local Area Banks All Primary (Urban) Co-operative Banks/ District Central Co-operative Banks/ State Co-operative Banks
Circular Number : RBI/2021-2022/66DoR.SPE.REC.29/13.03.00/2021-2022
Subject : Review of Instructions on Interest on overdue domestic deposits
Department : Department of Regulation
Date Of Issue : 02 July, 2021
Meant For : All Scheduled Commercial Banks (excluding RRBs), Small Finance Banks, Primary (Urban) Cooperative Banks and EXIM Bank
Circular Number : RBI/2021-2022/65DOR.CRE(DIR).REC.28/04.02.001/2021-22
Subject : Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit - Extension
Department : Department of Regulation
Date Of Issue : 01 July, 2021
Meant For : The Chief Executive Officer All Co-operative Banks
Circular Number : RBI/2021-2022/64DOR.ORG.REC.27/21.04.158/2021-22
Subject : Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks
Department : Department of Regulation
Date Of Issue : 28 June, 2021
Meant For : The Chairman/ Managing Director/Chief Executive Officer All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks / District Central Co-operative Banks All-India Financial Institutions All Non-Banking Financial Companies
Circular Number : RBI/2021-2022/63FIDD.MSME & NFS.BC.No.12/06.02.31/2021-22
Subject : New Definition of Micro, Small and Medium Enterprises
Department : Financial Inclusion and Development Department
Date Of Issue : 25 June, 2021
Meant For : The Chief Executive Officer All Primary (Urban) Co-operative Banks
Circular Number : RBI/2021-2022/62DOR.CRE(DIR).REC.26 /21.04.103/2021-22
Subject : Appointment of Chief Risk Officer in Primary (Urban) Co-operative Banks
Department : Department of Regulation
Date Of Issue : 25 June, 2021
Meant For : All Eligible Market Participants
Circular Number : RBI/2021-2022/61FMRD.DIRD.06/14.01.001/2021-22
Subject : Reserve Bank of India (Call, Notice and Term Money Markets) Directions, 2021
Department : Financial Markets Regulation Department
Date Of Issue : 25 June, 2021
Meant For : The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks
Circular Number : RBI/2021-2022/60DOR.GOV.REC.25/12.10.000/2021-22
Subject : Appointment of Managing Director (MD) / Whole-Time Director (WTD) in Primary (Urban) Co-operative Banks
Department : Department of Regulation
Date Of Issue : 25 June, 2021
Meant For : All Non-Banking Financial Companies (NBFCs)
Circular Number : RBI/2021-2022/59DOR.ACC.REC.No.23/21.02.067/2021-22
Subject : Declaration of dividends by NBFCs
Department : Department of Regulation
Date Of Issue : 24 June, 2021
Meant For : All Scheduled Commercial Banks (excluding Regional Rural Banks)
Circular Number : RBI/2021-2022/58DOR.CRE(DIR).REC.24/23.67.001/2021-22
Subject : Gold (Metal) Loans – Repayment
Department : Department of Regulation
Date Of Issue : 23 June, 2021
Meant For : The Chairpersons/ CEOs of all the Regulated Entities
Circular Number : RBI/2021-2022/57DOR.AML.REC.22/14.06.001/2021-22
Subject : Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendment of one entry
Department : Department of Regulation
Date Of Issue : 18 June, 2021
Meant For : All Category - I Authorised Dealer Banks
Circular Number : RBI/2021-2022/56A. P. (DIR Series) Circular No. 07
Subject : Liberalised Remittance Scheme for Resident Individuals – Reporting
Department : Foreign Exchange Department
Date Of Issue : 17 June, 2021
Meant For : All entities authorised to operate Payment Systems in India
Circular Number : RBI/2021-2022/55CO.DPSS.AUTH.No.S190/02.27.005/2021-22
Subject : Investment in Entities from FATF Non-compliant Jurisdictions
Department : Department of Payment and Settlement Systems
Date Of Issue : 14 June, 2021
Meant For : The Chairman and Managing Director / Chief Executive Officer Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Payment Banks / Small Finance Banks / NPCI Bharat BillPay Ltd. / Bharat Bill Payment System Providers / System Participants and prospective Bharat Bill Payment Operating Units
Circular Number : RBI/2021-2022/54CO.DPSS.POLC.No.S188/02-27-020/2021-2022
Subject : Bharat Bill Payment System – Addition of Biller Category
Department : Department of Payment and Settlement Systems
Date Of Issue : 14 June, 2021
Meant For : The Chairman / Managing Director / Chief Executive Officer of: All deposit taking HFCs All non-deposit taking HFCs with asset size of ₹5,000 crore and above
Circular Number : RBI/2021-2022/53DoS.CO.PPG.SEC/03/1.01.005/2021-22
Subject : Risk Based Internal Audit (RBIA)
Department : Department of Supervision
Date Of Issue : 11 June, 2021
Meant For : The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Authorised ATM Network Operators / Card Payment Network Operators / White Label ATM Operators
Circular Number : RBI/2021-2022/52DPSS.CO.OD.No.S-182/06.07.011/2021-22
Subject : Usage of Automated Teller Machines / Cash Recycler Machines – Review of Interchange Fee and Customer Charges
Department : Department of Payment and Settlement Systems
Date Of Issue : 10 June, 2021
Meant For : The Chairman & Managing Director Chief Executive Officers All Banks
Circular Number : RBI/2021-2022/51DCM(Plg).No. 51961/10.27.00/2021-22
Subject : Preservation of CCTV recordings
Department : Department of Currency Management
Date Of Issue : 08 June, 2021
Meant For : All participants in Government securities market
Circular Number : RBI/2021-2022/50FMRD.FMID.No.05/14.01.006/2021-22
Subject : Transactions in Government securities by Foreign Portfolio Investors: Reporting
Department : Financial Markets Regulation Department
Date Of Issue : 07 June, 2021
Meant For : The Chairman / Managing Director / Chief Executive Officer All Primary (Urban) Co-operative Banks, All State Co-operative Banks and Central Co-operative Banks
Circular Number : RBI/2021-2022/49DoR.RET.REC.19/12.05.009/2021-22
Subject : Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS) – Extension of time
Department : Department of Regulation
Date Of Issue : 04 June, 2021
Meant For : All Authorised Persons
Circular Number : RBI/2021-2022/48A.P. (DIR Series) Circular No.06
Subject : Payment of margins for transactions in Government Securities by Foreign Portfolio Investors
Department : Financial Markets Regulation Department
Date Of Issue : 04 June, 2021
Meant For : All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies)
Circular Number : RBI/2021-2022/47DOR.STR.REC.21/21.04.048/2021-22
Subject : Resolution Framework - 2.0: Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs) – Revision in the threshold for aggregate exposure
Department : Department of Regulation
Date Of Issue : 04 June, 2021
Meant For : All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies)
Circular Number : RBI/2021-2022/46DOR.STR.REC.20/21.04.048/2021-22
Subject : Resolution Framework - 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses – Revision in the threshold for aggregate exposure
Department : Department of Regulation
Date Of Issue : 04 June, 2021
Meant For : All Commercial and Co-operative Banks / Payments Banks/ Small Finance Banks / NBFCs / Payment System Providers
Circular Number : RBI/2021-2022/45DOR. AML.REC 18 /14.01.001/2021-22
Subject : Customer Due Diligence for transactions in Virtual Currencies (VC)
Department : Department of Regulation
Date Of Issue : 31 May, 2021
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