RBI Notifications - Page 30

Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019

RBI/2018-19/222 FMRD.DIRD.19/14.03.046/2018-19 (26/06/2019)

The Reserve Bank of India today released the Rupee Interest Rate Derivatives (Reserve Bank) Directions, 2019. Regulations on Interest Rate Derivatives have so far been issued separately for each product, including for products traded on exchanges. These regulations were framed with a view to guide the initial evolution of the market throu...

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Public can continue to accept all the coins as legal tender: RBI

RBI/2018-19/223 DCM (NE) No.3057/08.07.18/2018-19, Press Release: 2018-2019/3056 (26/06/2019)

Reserve Bank appeals to members of the public not to give credence to such rumours and continue to accept these coins as legal tender in all their transactions without any hesitation....

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Financial Benchmark Administrators (Reserve Bank) Directions, 2019

Press Release: 2018-2019/3053, Circular No. RBI/2018-19/221, FMRD.FMSD. 17/03.07.035/2018-19 (26/06/2019)

The Reserve Bank of India today released the Financial Benchmark Administrators (Reserve Bank) Directions, 2019. These directions shall apply to Financial Benchmark Administrators administering ‘significant benchmarks’ in the markets for financial instruments regulated by the Reserve Bank. The identification of a benchmark as a ‘si...

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Rollout of foreign exchange trading platform for retail participants– FX-Retail

RBI/2018-19/217 FMRD.FMD.16/02.03.225/2018-19 (20/06/2019)

Reserve Bank of India Rollout of the foreign exchange trading platform for retail participants – FX-Retail RBI/2018-19/217 FMRD.FMD.16/02.03.225/2018-19 June 20, 2019 All Eligible Market Participants Dear Sir/Madam, Rollout of the foreign exchange trading platform for retail participants – FX-Retail Please refer to the Statement on D...

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Discontinuation of requirement of Paper to Follow (P2F) for State Govt Cheques

RBI/2018-19/216 DGBA.GBD.No. 3136/42.01.035/2018-2019 (20/06/2019)

With a view to enhancing efficiency in cheque clearing, Reserve Bank has introduced Cheque Truncation System (CTS) for clearance of cheques, facilitating the presentation and payment of cheques without their physical movement. P2F has been discontinued for CG cheques with effect from February 2016....

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Changes in Rates of Agency Commission to Banks on Govt Transactions

RBI/2018-19/219 DGBA.GBD.No. 3144/31.02.007/2018-19 (20/06/2019)

Since then, there has not only been an expansion in volume and value of government receipts and payments, and coverage of bank branches handling government transactions, but also significant movements towards adoption of technology and migration to electronic means of payments....

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Master Direction -RRBs- Priority Sector Lending– Targets & Classification

RBI/FIDD/2016-17/34 Master Direction FIDD.CO.Plan.2/04.09.01/2016-17 (07/07/2016)

Master Direction – Regional Rural Banks (RRBs) – Priority Sector Lending – Targets and Classification (Updated as on June 18, 2019) Reserve Bank of India RBI/FIDD/2016-17/34 Master Direction FIDD.CO.Plan.2/04.09.01/2016-17 July 7, 2016 (Updated as on June 18, 2019) The Chairman All Regional Rural Banks Dear Sir/ Madam, MASTE...

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Directions for Central Counterparties- Age limit increased for appointment of Directors

RBI/2018-2019/209 DPSS.CO.OD No.2565/06.08.005/2018-2019 (12/06/2019)

In the Section A - Directions on Governance of domestic CCPs authorised to operate in India by the RBI, the upper age limit for appointment of Managing Director, Director, Nominee Director, Independent Director and Chairperson was stipulated as 65 years....

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Legal Entity Identifier (LEI) Code Procedure

Requirement and procedure for obtaining Legal Entity Identifier (LEI) code: RBI vide its notification RBI/2017-18/82 DBR No BP.BC.92/21.04.048/2017-18 has mandated to obtain LEI code for the corporate borrowers having aggregate fund-based and non-fund based exposure of Rs. 5 crore and above from any bank. Further vide circular RBI/2016-17...

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Posted Under: Fema / RBI |

RBI forms Committee to Review ATM charges and fees

Press Release: 2018-2019/2914 (11/06/2019)

Reserve Bank of India Date : Jun 11, 2019 It was announced in the Part ‘B’ of the Second Bi-Monthly Monetary Policy for the year 2019-20 on June 6, 2019 that the Reserve Bank of India will constitute a Committee to Review the ATM Interchange Fee Structure with a view to give a fillip to the ATM deployment […]...

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October 2020