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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RBI Responsible for Monitoring Compliance of Loan Moratorium Circular: HC

Velankani Information Systems Limited Vs Secretary, Ministry of Home Affairs (Karnataka High Court) - The contentions of the RBI that the dispute is between the Petitioner and Respondents is not acceptable since the dispute arises out of the implementation or not of a Circular issued by the RBI. RBI is therefore directed to monitor the implementation of the Circular, including verification of whethe...

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RBI Master Circular – Guarantees and Co-acceptances

Master Circular No. RBI/2021-22/121 DOR.STR.REC.66/13.07.010/2021-22 - (09/11/2021) - (i) As a rule, banks should avoid giving unsecured guarantees in large amounts and for medium and long-term periods. They should avoid undue concentration of such unsecured guarantee commitments to particular groups of customers and/or trades....

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Master Circular- Guarantees, Co-Acceptances & Letters of Credit – UCBs

Master Circular No. RBI/2021-22/119 DoR.STR.REC.65/09.27.000/2021-22 - (02/11/2021) - In view of the risks involved in the business of issuance of guarantees, the Primary (Urban) Co-operative Banks (UCBs) should extend guarantees within restricted limits so that their financial position is not impaired. The banks should follow certain broad guidelines in respect of their guarantee bu...

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Master Circular- Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs

RBI/2021-22/117 DOR.No.STR.REC.64/21.04.048/2021-22 - (01/11/2021) - With a view to moving towards international best practices and to ensure greater transparency, '90 days' overdue1 norms for identification of NPAs have been made applicable from the year ended March 31, 2004. As such, with effect from March 31, 2004, a non-performing asset is a loan or an advance wh...

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Master Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021

Notification No. RBI/DOR/2021-22/87 DOR.CAP.REC.No.61/21.01.002/2021-22 - (26/10/2021) - Master Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021 covers instructions regarding the components of capital and the capital required to be provided for by banks for credit and market risks...

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Master Circular – Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances

Notification No. RBI/2021-2022/104 DOR.No.STR.REC.55/21.04.048/2021-22 - (01/10/2021) - Reserve Bank of India has introduced, in a phased manner, prudential norms for income recognition, asset classification and provisioning for the advances portfolio of the banks so as to move towards greater consistency and transparency in the published accounts....

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RBI master circulars’s Popular Posts

Recent Posts in "RBI master circulars"

RBI Master Circular – Guarantees and Co-acceptances

Master Circular No. RBI/2021-22/121 DOR.STR.REC.66/13.07.010/2021-22 09/11/2021

(i) As a rule, banks should avoid giving unsecured guarantees in large amounts and for medium and long-term periods. They should avoid undue concentration of such unsecured guarantee commitments to particular groups of customers and/or trades....

Read More

Master Circular- Guarantees, Co-Acceptances & Letters of Credit – UCBs

Master Circular No. RBI/2021-22/119 DoR.STR.REC.65/09.27.000/2021-22 02/11/2021

In view of the risks involved in the business of issuance of guarantees, the Primary (Urban) Co-operative Banks (UCBs) should extend guarantees within restricted limits so that their financial position is not impaired. The banks should follow certain broad guidelines in respect of their guarantee business as indicated in the following par...

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Master Circular- Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBs

RBI/2021-22/117 DOR.No.STR.REC.64/21.04.048/2021-22 01/11/2021

With a view to moving towards international best practices and to ensure greater transparency, '90 days' overdue1 norms for identification of NPAs have been made applicable from the year ended March 31, 2004. As such, with effect from March 31, 2004, a non-performing asset is a loan or an advance where:...

Read More

Master Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021

Notification No. RBI/DOR/2021-22/87 DOR.CAP.REC.No.61/21.01.002/2021-22 26/10/2021

Master Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021 covers instructions regarding the components of capital and the capital required to be provided for by banks for credit and market risks...

Read More

Master Circular – Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances

Notification No. RBI/2021-2022/104 DOR.No.STR.REC.55/21.04.048/2021-22 01/10/2021

Reserve Bank of India has introduced, in a phased manner, prudential norms for income recognition, asset classification and provisioning for the advances portfolio of the banks so as to move towards greater consistency and transparency in the published accounts....

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Master Direction – RBI (Transfer of Loan Exposures) Directions, 2021

RBI/DOR/2021-22/86 DOR.STR.REC.51/21.04.048/2021-22 24/09/2021

Loan transfers are resorted to by lending institutions for multitude of reasons ranging from liquidity management, rebalancing their exposures or strategic sales. A robust secondary market in loans can be an important mechanism for management of credit exposures by lending institutions and also create additional avenues for raising liquid...

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RBI (Securitisation of Standard Assets) Directions, 2021

RBI/DOR/2021-22/85 DOR.STR.REC.53/21.04.177/2021-22 24/09/2021

Securitisation involves transactions where credit risk in assets are redistributed by repackaging them into tradeable securities with different risk profiles which may give investors of various classes access to exposures which they otherwise might be unable to access directly....

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Master Circular on Investments by Primary (Urban) Co-operative Banks

Master Circular No. RBI/2021-22/100 DOR.MRG.REC.50/21.04.141/2021-22 20/09/2021

Section 19 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (BR Act, 1949 (AACS)) stipulates that no co- operative bank shall hold shares in any other co-operative society except to such extent and subject to such conditions as the Reserve Bank of India (Reserve Bank) may specify in that behalf. However, nothi...

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Master Direction | RBI (Market-makers in OTC Derivatives) Directions, 2021

RBI/2021-22/84 FMRD.FMD.07/02.03.247/2021-22 16/09/2021

1.1 These Directions shall be called the Master Direction - Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021. 1.2 These Directions shall come into force on January 03, 2022....

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RBI Master Direction on Financial Statements – Presentation & Disclosures

Master Direction No. RBI/DOR/2021-22/83 DOR.ACC.REC.No.45/21.04.018/2021-22 30/08/2021

The Reserve Bank of India has, from time to time, issued several guidelines/instructions/directives to the banks on the presentation of financial statements, regulatory clarification on compliance with accounting standards, and disclosures in notes to accounts....

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