RBI master circulars notification

Master Direction – RBI (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023

RBI/DOR/2022-23/95 DOR.HOL.No.95/16.13.100/2022-23 16/01/2023

Any person who intends to acquire shares or voting rights in a banking company beyond the limit for which approval was obtained from the Reserve Bank, is required to apply to the Reserve Bank for prior approval to increase their aggregate holding in the banking company....

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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....

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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....

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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....

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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....

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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...

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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....

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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....

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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...

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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...

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