RBI Notifications notification

Changes in regulatory framework for Housing Finance Companies

RBI/2020-21/60 DOR.NBFC (HFC).CC.No.118/03.10.136/2020-21 (22/10/2020)

HFCs shall carry out securitization of standard assets and transfer of assets through direct assignment of cash flows and the underlying securities. In doing so, HFCs, among other things, shall conform to the minimum holding period (MHP) and minimum retention requirement (MRR) standards....

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Digital Payment Transactions – Streamlining QR Code infrastructure

RBI/2020-21/59 DPSS.CO.PD.No.497/02.14.003/2020-21 (22/10/2020)

i. The two interoperable QR codes in existence – UPI QR and Bharat QR – shall continue as at present. ii.  Payment System Operators (PSOs) that use proprietary QR codes shall shift to one or more interoperable QR codes; the process of migration shall be completed by March 31, 2022. iii. No new proprietary QR codes shall henceforth be...

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Framework for Recognition of a Self-Regulatory Organisation for Payment System Operators

RBI/2020-21/58 DPSS.CO.PD.No.503/02.12.004/2020-21 (22/10/2020)

The Reserve Bank of India (RBI), as the regulator of payment and settlement systems in the country, sets the necessary regulatory framework, through a consultative process, to ensure that different types of payment systems operate in the country to meet the various payment needs in the economy. Over time, a bouquet of payment instruments ...

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Individual Housing Loans – Rationalisation of Risk Weights

RBI/2020-21/56 DOR.No.BP.BC.24/08.12.015/2020-21 (16/10/2020)

It has been decided to rationalise the risk weights, irrespective of the amount. The risk weights for all new housing loans to be sanctioned on or after the date of this circular and upto March 31, 2022 shall be as under:...

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RBI extends time for Submission of returns U/s. 31 for Co-Op Banks

Notification No. RBI/2020-2021/55 DoR(PCB). BPD.Cir No.4/12.05.001/2020-21 (13/10/2020)

Reserve Bank hereby extends the period for furnishing of the returns under Section 31 of the Act for the financial year ended on March 31, 2020 by a further period of three months in terms of the first proviso to the above section. Accordingly, all State Co-operative Banks and Central Co-operative Banks shall ensure submission of the afor...

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SLR holdings in HTM category- Enhanced HTM limit shall be restored

RBI/2020-2021/54 DoR.No.BP.BC.22/21.04.141/2020-21 (12/10/2020)

It has also been decided that the enhanced HTM limit shall be restored to 19.5 per cent in a phased manner, beginning from the quarter ending June 30, 2022, i.e. the excess SLR securities acquired by banks during the period September 1, 2020 to March 31, 2021 shall be progressively reduced such that the total SLR securities held in the HT...

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Maximum aggregated retail exposure to one counterparty increased: RBI

RBI/2020-21/53 DOR.No.BP.BC.23/21.06.201/2020-21 (12/10/2020)

In order to reduce the cost of credit for this segment consisting of individuals and small businesses (i.e. with turnover of upto ₹ 50 crore), and also to harmonise with the Basel guidelines, it has been decided that the above threshold limit of ₹ 5 crore for aggregated retail exposure to a counterparty shall stand increased to ₹ 7....

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Sovereign Gold Bond Scheme (SGB) 2020-21- Series VII, VIII, IX, X, XI, XII

RBI/2020-2021/52 IDMD.CDD.No.730/14.04.050/2020-21 / Press Release: 2020-2021/462, Notification No. G.S.R. 627(E) (09/10/2020)

Reserve Bank of India RBI/2020-2021/52 IDMD.CDD.No.730/14.04.050/2020-21 October 9, 2020 The Chairman& Managing Director All Scheduled Commercial Banks, (Excluding RRBs) Designated Post Offices Stock Holding Corporation of India Ltd.(SHCIL) National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd. Dear Sir/Madam, Sovereig...

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EDPMS Module for Caution/De-caution Listing of Exporters – Review

RBI/2020-2021/50 A.P. (DIR Series) Circular No.03 (09/10/2020)

Under the revised procedure, an exporter would be caution-listed by the Reserve Bank based on the recommendations of the AD bank concerned, depending upon the exporters track record with the AD bank and investigative agencies....

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RBI kept policy repo rate unchanged at 4.0 per cent (Read Policy & Statement)

Press Release: 2020-2021/453 & Press Release No. 2020-2021/453-454 (09/10/2020)

On the basis of an assessment of the current and evolving macroeconomic situation, Monetary Policy Committee (MPC) at its meeting today (October 9, 2020) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent....

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October 2020