RBI Notifications - Page 2

RBI excludes OBC & United Bank from Second Schedule to RBI Act, 1934

RBI/2020-21/46 DOR.No.Ret.BC.19/12.07.150/2020-21 (30/09/2020)

Exclusion of Oriental Bank of Commerce and United Bank of India from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company...

Read More

RBI excludes Andhra & Corporation Bank from Second Schedule to RBI Act, 1934

RBI/2020-21/45 DOR.No.Ret.BC.18/12.07.150/2020-21 (30/09/2020)

Exclusion of Andhra Bank and Corporation Bank from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as banking company...

Read More

RBI excludes Allahabad Bank from Second Schedule to RBI Act, 1934

RBI/2020-21/44 DOR.No.Ret.BC.17/12.07.150/2020-21 (30/09/2020)

We advise that Allahabad Bank has been excluded from the Second Schedule to Reserve Bank of India Act, 1934 with effect from April 01, 2020 since it has ceased to carry on banking business with effect from April 01, 2020...

Read More

Co-op Bank Audit Report date extended upto 31.12.2020

Notification No. S.O. 3377(E) (29/09/2020)

Reserve Bank of India, hereby declare that the provisions of section 31 read with clause (t) of section 56 of the said Act shall not apply to primary co-operative banks till 31st December, 2020....

Read More

RBI defers NSFR implementation of NSFR guidelines till 31.03.2021

RBI/2020-21/43 DOR.BP.BC.No.16/21.04.098/2020-21 (29/09/2020)

In view of the continued uncertainty on account of COVID-19, on a review, it has been decided to defer the implementation of NSFR guidelines by a further period of six months. These guidelines shall now come into effect from April 1, 2021....

Read More

RBI defers implementation of last tranche of 0.625% of CCB to 01.04.2021

RBI/2020-21/42 DOR.BP.BC.No15/21.06.201/2020-21 (29/09/2020)

RBI decided to defer the implementation of the last tranche of 0.625 per cent of the Capital Conservation Buffer (CCB) from September 30, 2020 to April 1, 2021....

Read More

Positive Pay System for Cheque Truncation System

RBI/2020-21/41 DPSS.CO.RPPD.No.309/04.07.005/2020-21 (25/09/2020)

The concept of Positive Pay involves a process of reconfirming key details of large value cheques. Under this process, the issuer of the cheque submits electronically, through channels like SMS, mobile app, internet banking, ATM, etc., certain minimum details of that cheque (like date, name of the beneficiary / payee, amount, etc.) to the...

Read More

Master Circular – Deendayal Antyodaya Yojana – DAY-NRLM

RBI/2020-2021/39 FIDD.GSSD.CO.BC. No.06/09.01.01/2020-21 (18/09/2020)

The Master Circular has been suitably updated by incorporating the modifications in DAY-NRLM scheme issued up to September 18, 2020, which are listed in the appendix and also been placed on website (https://www.rbi.org.in)....

Read More

Banking Regulation (Amendment) BIll, 2020 introduced in Lok Sabha

Bill No. 114 of 2020 (14/09/2020)

Banking Regulation (Amendment) Bill, 2020 which seeks to replace the Banking Regulation (Amendment) Ordinance, 2020 (Ord. 12 of 2020) provides for the following, namely:— (i) substitution of section 3 to provide that the Act shall not apply to— (a) a primary agricultural credit society; or (b) a co-operative society whose primary obje...

Read More

Automation of Income Recognition, Asset Classification and Provisioning processes in banks

RBI/2020-21/37 Ref. No. DoS.CO.PPG./SEC.03/11.01.005/2020-21 (14/09/2020)

In order to ensure the completeness and integrity of the automated Asset Classification (classification of advances/investments as NPA/NPI and their upgradation), Provisioning calculation and Income Recognition processes, banks are advised to put in place / upgrade their systems to conform to the following guidelines latest by June 30, 20...

Read More

Browse All Categories

CA, CS, CMA (4,977)
Company Law (6,641)
Custom Duty (8,015)
DGFT (4,362)
Excise Duty (4,398)
Fema / RBI (4,397)
Finance (4,644)
Income Tax (34,697)
SEBI (3,706)
Service Tax (3,603)

Search Posts by Date

October 2020
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031