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 ...

Read More

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....

Read More

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...

Read More

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 ...

Read More

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...

Read More

RBI Master Directions on Interest Rate on Deposits

RBI/2022-2023/117 DOR.SOG (SPE).REC.No 68/13.03.00/2022-23 - (16/09/2022) - The Overnight Alternative Reference Rate for the respective currency / Swap rates quoted / displayed by Financial Benchmarks India Pvt. Ltd. (FBIL) shall be used as the reference for arriving at the interest rates on FCNR(B) deposits....

Read More

RBI Master Circular on Credit Facilities to Minority Communities

RBI/2022-23/99 FIDD.GSSD.BC.No.11/09.10.001/2022-23 - (02/08/2022) - RBI has periodically issued guidelines/instructions/directives to banks with regard to providing credit facilities to Minority Communities. The Master Circular enclosed consolidates the circulars issued by Reserve Bank on the subject till date, as listed in the Appendix....

Read More

Master Circular – Credit facilities to Scheduled Castes & Tribes

RBI/2022-2023/97 FIDD.CO.GSSD.BC.No.10/09.09.001/2022-23 - (01/08/2022) - Bank staff may help the borrowers in filling up the forms and completing other formalities so that they are able to get credit facility within a stipulated period from the date of receipt of applications....

Read More

Deendayal Antyodaya Yojana – National Rural Livelihoods Mission

RBI/2022-23/92 FIDD.GSSD.CO.BC.No.09/09.01.003/2022-23 - (20/07/2022) - DAY-NRLM promotes affinity-based women Self Help Groups (SHGs). However, only in case of groups to be formed with persons with disabilities and other special categories like elders and transgenders, DAY-NRLM may have both men and women in the Self-Help Groups....

Read More

Master Direction on Interest Rate on FCNR(B) and NRE Deposits

RBI/2022-23/82 DOR.SOG (SPE).REC.No 53/13.03.000/2022-23 - (06/07/2022) - Master Direction on Interest Rate on Deposits - Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (External) Rupee (NRE) Deposit...

Read More

Recent Posts in "RBI master circulars"

RBI Master Directions on Interest Rate on Deposits

RBI/2022-2023/117 DOR.SOG (SPE).REC.No 68/13.03.00/2022-23 16/09/2022

The Overnight Alternative Reference Rate for the respective currency / Swap rates quoted / displayed by Financial Benchmarks India Pvt. Ltd. (FBIL) shall be used as the reference for arriving at the interest rates on FCNR(B) deposits....

Read More

RBI Master Circular on Credit Facilities to Minority Communities

RBI/2022-23/99 FIDD.GSSD.BC.No.11/09.10.001/2022-23 02/08/2022

RBI has periodically issued guidelines/instructions/directives to banks with regard to providing credit facilities to Minority Communities. The Master Circular enclosed consolidates the circulars issued by Reserve Bank on the subject till date, as listed in the Appendix....

Read More

Master Circular – Credit facilities to Scheduled Castes & Tribes

RBI/2022-2023/97 FIDD.CO.GSSD.BC.No.10/09.09.001/2022-23 01/08/2022

Bank staff may help the borrowers in filling up the forms and completing other formalities so that they are able to get credit facility within a stipulated period from the date of receipt of applications....

Read More

Deendayal Antyodaya Yojana – National Rural Livelihoods Mission

RBI/2022-23/92 FIDD.GSSD.CO.BC.No.09/09.01.003/2022-23 20/07/2022

DAY-NRLM promotes affinity-based women Self Help Groups (SHGs). However, only in case of groups to be formed with persons with disabilities and other special categories like elders and transgenders, DAY-NRLM may have both men and women in the Self-Help Groups....

Read More

Master Direction on Interest Rate on FCNR(B) and NRE Deposits

RBI/2022-23/82 DOR.SOG (SPE).REC.No 53/13.03.000/2022-23 06/07/2022

Master Direction on Interest Rate on Deposits - Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] and Non-Resident (External) Rupee (NRE) Deposit...

Read More

Master Circular – Housing Finance for UCBs

Notification No. RBI/2022-23/76 DOR.CRE.REC.No.49/09.22.010/2022-23 23/06/2022

The role of primary (urban) co-operative banks (UCBs) in providing housing finance has been reviewed from time to time. These banks, with their vast network, occupy a very strategic position in the financial system and have an important role to play in providing credit to the housing sector....

Read More

Master Direction – Credit Card & Debit Card – Issuance & Conduct Directions, 2022

RBI/2022-23/92 DoR.AUT.REC.No.27/24.01.041/2022-23 21/04/2022

The provisions of Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022 relating to credit cards shall apply to every Scheduled Bank (excluding Payments Banks, State Co-operative Banks and District Central Co-operative Banks) and all Non-Banking Financial Companies (NBFCs) operating in India....

Read More

Master Circular – Management of Advances – UCBs

Master Circular No. RBI/2022-23/22 DOR.CRE.REC.No.17/13.05.000/2022-23 08/04/2022

Reserve Bank of India RBI/2022-23/22 DOR.CRE.REC.No.17/13.05.000/2022-23 April 8, 2022 All Primary (Urban) Co-operative Banks Dear Sir/ Madam, Master Circular – Management of Advances – UCBs Please refer to our Master Circular DCBR.BPD.(PCB) MC No.14/13.05.000/2015-16 dated July 1, 2015 on the captioned subject. The enclosed M...

Read More

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

RBI/2022-23/17 DOR.STR.REC.5/21.04.048/2022-23 01/04/2022

A non-performing asset is a loan or an advance where: (i) Interest and / or installment of principal remain overdue1 for a period of more than 90 days in respect of a Term Loan. (ii) The account remains 'out of order'2 , in respect of an Overdraft / Cash Credit (OD/CC) and all other loan products being offered as an overdraft facility, in...

Read More

Master Circular – Housing Finance

RBI/2022-23/16 DOR.CRE.REC.No.06/08.12.001/2022-23 01/04/2022

Banks, with their vast branch network throughout the length and breadth of the country, occupy a very strategic position in the financial system and have an important role to play in providing credit to the housing sector....

Read More

Browse All Categories

CA, CS, CMA (6,180)
Company Law (8,631)
Corporate Law (10,964)
Custom Duty (9,595)
DGFT (4,887)
Excise Duty (4,929)
Fema / RBI (5,344)
Finance (5,765)
Income Tax (43,206)
SEBI (4,663)
Service Tax (4,094)