RBI master circulars

Anti-money laundering Act: RBI tightens KYC norms for politically Exposed Person

Fema / RBI - WITH the Prevention of Money Laundering (Amendment) Act, 2009 (No 21 of 2009) coming into force from June 1, the RBI has advised all NBFCs to maintain records of clients for a period of 10 years from the date of transaction. The NBFCs will have keep records of the Identity of the Clients, both domestic or international, which will permit ...

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Minutes of Monetary Policy Committee Meeting December 5-6, 2017

Fema / RBI - The eighth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held on December 5 and 6, 2017 at the Reserve Bank of India, Mumbai....

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Items excluded from Capital Market Exposure

Fema / RBI - On a review, it has been decided to include the National Payments Corporation of India. (NPCI) and United Stock Exchange of India Ltd.(USEIL) as part of institutions forming crucial financial infrastructure. Accordingly, banks’ investments in NPCI and USEIL will also be excluded from the aggregate Capital Market Exposure ceiling of 40 p...

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Anti-money laundering Act: RBI tightens KYC norms for politically Exposed Person

Fema / RBI - WITH the Prevention of Money Laundering (Amendment) Act, 2009 (No 21 of 2009) coming into force from June 1, the RBI has advised all NBFCs to maintain records of clients for a period of 10 years from the date of transaction. The NBFCs will have keep records of the Identity of the Clients, both domestic or international, which will permit ...

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Amendment to Master Direction on KYC due to PML Rules /introduction of V-CIP

Notification No. RBI/2019-20/138 DOR.AML.BC.No.27/14.01.001/2019-20 - (09/01/2020) - The process of V-CIP has been specified in Section 18 in terms of which, REs may undertake live V-CIP, to be carried out by an official of the RE, for establishment of an account based relationship with an individual customer, after obtaining his informed consent and shall adhere to the following st...

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RBI amends Master Directions-NBFC – Peer to Peer Lending Platform

RBI/2019-20/121 DOR.NBFC(PD) CC.No.106/03.10.124/2019-20 - (23/12/2019) - On a review, it has been decided that (i) The aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms, shall be subject to a cap of ₹ 50,00,000 provided that such investments of the lenders on P2P platforms are consistent with their net-worth....

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RBI Master Circular on Collection of Direct Tax – OLTAS

RBI/2019-20/113 DGBA.GBD.No.1141/42.01.034/2019-20 - (12/12/2019) - List of 31 circulars of Master Circular on OLTAS – withdrawn with immediate effect- List of 4 circulars of Master Circular on OLTAS – Continue to remain operational...

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Mortgage Guarantee Companies (Reserve Bank) Directions, 2016

RBI/DNBR/2016-17/50 Master Direction DNBR.(PD-MGC) No. 01/23.11.001/2016-17 - (10/11/2016) - Mortgage Guarantee Companies (Reserve Bank) Directions, 2016 applies to every Mortgage Guarantee Company which has been granted Certificate of Registration under scheme of Registration of Mortgage Guarantee Companies by RBI...

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NBFC- Peer to Peer Lending Platform (Reserve Bank) Directions, 2017

RBI/DNBR/2017-18/57 Master Direction DNBR (PD) 090/ 03.10.124/ 2017-18 - (09/11/2017) - (1) These Directions shall be known as the Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017. (2) These Directions shall come into force with immediate effect....

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Recent Posts in "RBI master circulars"

Amendment to Master Direction on KYC due to PML Rules /introduction of V-CIP

Notification No. RBI/2019-20/138 DOR.AML.BC.No.27/14.01.001/2019-20 (09/01/2020)

The process of V-CIP has been specified in Section 18 in terms of which, REs may undertake live V-CIP, to be carried out by an official of the RE, for establishment of an account based relationship with an individual customer, after obtaining his informed consent and shall adhere to the following stipulations:...

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RBI amends Master Directions-NBFC – Peer to Peer Lending Platform

RBI/2019-20/121 DOR.NBFC(PD) CC.No.106/03.10.124/2019-20 (23/12/2019)

On a review, it has been decided that (i) The aggregate exposure of a lender to all borrowers at any point of time, across all P2P platforms, shall be subject to a cap of ₹ 50,00,000 provided that such investments of the lenders on P2P platforms are consistent with their net-worth....

Read More

RBI Master Circular on Collection of Direct Tax – OLTAS

RBI/2019-20/113 DGBA.GBD.No.1141/42.01.034/2019-20 (12/12/2019)

List of 31 circulars of Master Circular on OLTAS – withdrawn with immediate effect- List of 4 circulars of Master Circular on OLTAS – Continue to remain operational...

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Mortgage Guarantee Companies (Reserve Bank) Directions, 2016

RBI/DNBR/2016-17/50 Master Direction DNBR.(PD-MGC) No. 01/23.11.001/2016-17 (10/11/2016)

Mortgage Guarantee Companies (Reserve Bank) Directions, 2016 applies to every Mortgage Guarantee Company which has been granted Certificate of Registration under scheme of Registration of Mortgage Guarantee Companies by RBI...

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NBFC- Peer to Peer Lending Platform (Reserve Bank) Directions, 2017

RBI/DNBR/2017-18/57 Master Direction DNBR (PD) 090/ 03.10.124/ 2017-18 (09/11/2017)

(1) These Directions shall be known as the Non-Banking Financial Company – Peer to Peer Lending Platform (Reserve Bank) Directions, 2017. (2) These Directions shall come into force with immediate effect....

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NBFC- Account Aggregator (Reserve Bank) Directions, 2016

RBI/DNBR/2016-17/46 Master Direction DNBR.PD.009/03.10.119/2016-17 (09/11/2019)

Master Direction- Non-Banking Financial Company - Account Aggregator (Reserve Bank) Directions, 2016- Every company seeking registration as an NBFC- Account Aggregator shall make an application for registration to the Department of Non-Banking Regulation, Mumbai of the Bank, in the form specified by the Bank for the purpose at Annex 1....

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RBI Master Circular: Disbursement of Government Pension by Agency Banks

RBI/2019-20/57 DGBA.GBD.No.521/31.02.007/2019-20 (09/09/2019)

Reserve Bank Of India RBI/2019-20/57 DGBA.GBD.No.521/31.02.007/2019-20 September 9, 2019 All Agency Banks Dear Sir/Madam Master Circular – Disbursement of Government Pension by Agency Banks Please refer to our Master Circular RBI/2018-19/1 dated July 2, 2018 on the above subject. We have now revised and updated the Master Circular...

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RBI (Priority Sector Lending – Targets and Classification) Directions, 2019

RBI/FIDD/2019-20/70 Master Direction FIDD.CO.Plan.BC No.08/04.09.01/2019-20 (29/07/2019)

(a) These Directions shall be called the Reserve Bank of India (Priority Sector Lending – Targets and Classification) Directions, 2019. (b) These Directions shall come into effect on the day they are placed on the official website of the Reserve Bank of India....

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Penalties for bank branches based on performance in rendering customer service

RBI/2019-20/07 DCM (CC) No.G-5/03.44.01/2019-20 (01/07/2019)

Master Circular on the Scheme of Penalties for bank branches including currency chests based on performance in rendering customer service to members of public 1. The Scheme of Penalties for bank branches including currency chests has been formulated in order to ensure that all bank branches provide better customer service to members of...

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Master Circular-Credit facilities to Scheduled Castes & Scheduled Tribes

RBI/2019-20/6 FIDD.CO.GSSD.BC.No.03/09.09.001/2019-20 (01/07/2019)

Please refer to the Master Circular FIDD.CO.GSSD.BC.No 06/09.09.01/2015-16 dated July 01, 2015 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...

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