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5252 RBI documents, decoded. Announcements →
RBI Consolidates Supervisory Directions into 64 Master Directions
RBI has consolidated 628 supervisory circulars into 64 Master Directions across 11 regulated entities, effective July 31
RBI Compliance Function Directions 2026
RBI has issued new Directions for commercial banks' compliance functions. The full text is not available in the source,
RBI Repeals 628 Supervisory Circulars
RBI has consolidated supervisory instructions into 64 Directions and repealed 628 circulars, effective immediately. Exis
RBI Tightens FICN Detection and Reporting Rules
RBI has flagged weak counterfeit note handling by some banks and now mandates stricter training, machine checks, and rep
FICN Detection, Reporting and Monitoring
RBI has issued a notification on detecting, reporting, and monitoring Fake Indian Currency Notes (FICNs). Banks must fol
SFB Pillar 3 Disclosure Norms Aligned with Basel
RBI has amended SFB capital adequacy directions to align Pillar 3 disclosures with Basel standards. Key changes: updated
UCB Deposit Rate Disclosure & Uniformity Rules Updated
RBI amends UCB deposit rules: bulk deposit rates must be posted on the bank’s website by 10:10 am (with a 10‑minute grac
LAB Deposit Rate Disclosure & Uniformity Rules Tightened
RBI updates Local Area Bank deposit rules: rates must be disclosed on website by 10:10 am daily, and rates must be unifo
Payments Banks: Interest Rates Must Match Disclosed Schedule
From October 1, 2026, payments banks must pay deposit interest exactly as per the rates they publish in advance on their
RRB Deposit Rates: New Disclosure & Uniformity Rules
From Oct 1 2026, RRBs must publish bulk‑deposit rates on their website by 10:00 am with a 10‑minute grace (latest 10:10
RBI Updates Bulk Deposit Rate Rules and Disclosure Timing
RBI revises deposit rate rules: bulk deposit rates must be disclosed by 10:10 am daily, uniform rates across branches, a
RBI tightens share-linked pay and disclosure rules for bank executives
RBI mandates that share-linked instruments in variable pay must be fair-valued using the Black-Scholes model and disclos
RBI Amends LCR and NSFR Disclosure Rules for Banks
RBI has updated the LCR and NSFR disclosure templates for commercial banks, effective April 1, 2027. Banks must now refe
RRB Deposit Rate Rules: Second Amendment 2026
RBI issued the Second Amendment Directions, 2026 for Regional Rural Banks' deposit interest rates. No specific rule chan
Payments Banks: Remuneration Disclosure Paragraph Deleted
RBI has deleted the requirement for payments banks to disclose remuneration details in their financial statements, effec
Payments Banks: Share-Linked Pay & Disclosure Rules Updated
RBI amends Payments Banks Governance Directions to require share-linked instruments in variable pay, fair-valued via Bla
RBI deletes LCR, NSFR, and remuneration disclosures from financial statements
RBI has deleted mandatory disclosures on Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), and remunerati
Small Account Rules for Co-operative Banks – RBI Circular 2011
RBI directs StCBs/DCCBs to treat accounts opened with NREGA job card or Aadhaar letter as 'small accounts', subject to a
Small Account Rules: Caps and KYC Relaxation
RBI defines 'small account' as a savings account with annual credits ≤₹1 lakh, monthly withdrawals/transfers ≤₹10,000, a
RBI Revises Cheque Collection Charges from April 2011
RBI has revised service charges for local, outstation, and speed clearing cheques effective April 1, 2011. For savings a
RBI eases promoter sacrifice upfront rule for stressed loans
RBI now allows promoters to bring only 50% of their 15% sacrifice upfront if they face genuine difficulty, with the bala
Master Circular on Broker Appointment & Brokerage for Relief/Savings Bonds
RBI consolidated rules for agency banks on broker enrollment, delisting, and brokerage payment for Relief/Savings Bonds.
Rupee Value of Special Currency Basket Revised to Rs.60.897378
RBI revised the Rupee value of the special currency basket for deferred payment protocols with the erstwhile USSR to Rs.
CRR hiked 25 bps to 6% from Apr 24, 2010
RBI raised CRR by 25 basis points to 6.00% of NDTL, effective fortnight starting April 24, 2010. This tightens liquidity
Extended Remittance Timeline for Govt Revenues from Remote Areas
Public sector banks now get T+12 working days to remit government receipts from branches in remote, difficult, and hill
RBI raises cash carry limit for travellers to Rs 7,500
RBI has increased the limit for carrying Indian currency notes abroad (except Nepal/Bhutan) from Rs 5,000 to Rs 7,500 pe
RBI mandates settlement accounts for payment intermediaries
RBI directs banks to ensure intermediaries like payment aggregators route customer payments through internal accounts of
UCBs: Savings interest on daily balance from April 2010
RBI mandates all Primary (Urban) Cooperative Banks to calculate savings account interest on daily product basis from Apr
Master Circular on Broker Appointment & Brokerage for Relief/Savings Bonds
RBI consolidated rules for appointing/delisting brokers and paying brokerage on Relief/Savings Bonds. Brokerage rates: R
NECS Expansion: Banks Must Onboard All NEFT Branches
RBI directs banks to include all NEFT-enabled branches in NECS, noting immediate scope to double coverage from over 26,0
CRR hiked 25 bps to 9% for Scheduled Primary (Urban) Co-operative Banks from fortnight beginning Aug 30, 2008
RBI raised CRR for Scheduled Primary (Urban) Co-operative Banks by 25 basis points to 9% of NDTL, effective fortnight st
CRR hiked by 25 bps to 9% from Aug 30, 2008
RBI raised CRR by 25 basis points to 9% of net demand and time liabilities, effective from the fortnight starting August
SFB Financial Statement Disclosures: LCR, NSFR, Remuneration Removed
RBI deletes LCR, NSFR, and remuneration disclosure requirements from SFB financial statements, effective April 1, 2027,
SFB Governance: Share-Linked Pay & Disclosure Rules Updated
RBI mandates SFBs to include share-linked instruments in variable pay, fair-valued via Black-Scholes, and disclose WTD/M
SFB ALM Disclosure References Updated
RBI amended Small Finance Banks' Asset Liability Management Directions to replace paragraphs 197 (LCR) and 243 (NSFR) wi
ALM Disclosure Templates Updated for LCR and NSFR
RBI has amended the Asset Liability Management Directions to align LCR and NSFR disclosure templates with the Financial
UCB SLR Exemption on Govt Securities Phased Out
Non-scheduled Tier-I UCBs can keep up to 7.5% of NDTL in interest-bearing deposits with SBI, its subsidiaries, public se
ECB Policy Liberalised: Cost Ceilings Removed, NBFCs & Realty Get Boost
RBI has temporarily removed all-in-cost ceilings on ECBs until June 30, 2009, allowed integrated township developers and
New Non-Assessee Codes for EASIEST: Banks Must Update Systems
CBEC has created a new 'Non-Assessee' registrant category for Central Excise and Service Tax. Banks must update their so
NBFCs: PMLA Compliance & Transaction Monitoring Update
RBI reiterates NBFCs must use software to flag transactions inconsistent with customer risk profiles, file CTR electroni
RRB CRR Hiked to 9% from Aug 30, 2008
RBI raised CRR for Regional Rural Banks by 25 bps to 9% of net demand and time liabilities, effective fortnight starting
CRR Hiked to 8.75% for Urban Co-op Banks in Two Stages (July 5 and July 19, 2008)
RBI raised CRR for Scheduled Primary (Urban) Co-operative Banks by 50 bps to 8.75%, effective in two stages from July 5
RRBs: PMLA Compliance – CTR, STR, and KYC Software Mandate
RBI mandates RRBs to file Cash Transaction Reports (CTR) and Suspicious Transaction Reports (STR) electronically to FIU-
RRB CRR Hiked to 8.25% from May 24, 2008
RBI raised CRR for Regional Rural Banks from 8.00% to 8.25% of net demand and time liabilities, effective fortnight star
CRR hiked to 8.25% from May 24, 2008
RBI raised CRR by 25 bps to 8.25% of NDTL, effective fortnight starting May 24, 2008. This tightens liquidity for all sc
CRR Hiked for RRBs by 50 bps in Two Stages
RBI raised CRR for all Regional Rural Banks by 0.50% to 8.00% on NDTL, effective from fortnights starting April 26 and M
CRR Hiked 50 bps for StCBs in Two Stages
RBI raised CRR for Scheduled State Co-operative Banks by 0.50% to 8.00%, effective from fortnights starting April 26 and
CRR Hiked for Urban Co-op Banks: 8% from May 10, 2008
RBI raised CRR for Scheduled Primary Urban Co-operative Banks by 0.5% to 8% in two stages: 7.75% from Apr 26, 2008, and
Mandatory electronic payments for large-value transactions
From April 1, 2008, all payments of ₹1 crore and above between RBI-regulated entities (banks, primary dealers, NBFCs) an
Standardised RTGS Return Process and Customer Alerts
RBI mandates uniform return info in RTGS R42 messages using field tag 7495 (lines: RETURN, UTR, reason) from July 15, 20
Revised Penal Interest Rules for Delayed Govt Revenue Remittances
RBI has revised penal interest recovery on delayed government revenue remittances by PSBs, including extending put-throu
TDS on 8% Savings (Taxable) Bonds, 2003 – Interest Over ₹10,000
From June 1, 2007, banks must deduct TDS under Section 193 of the Income Tax Act on interest exceeding ₹10,000 per finan
PMRY 2007-08: Revised Targets and Guidelines for Banks
RBI sets a national target of 3,75,690 PMRY loans for 2007-08, with enhanced family income ceiling to Rs.1 lakh, project
ECB: Integrated Township Exemption Removed, Cost Ceilings Tightened
RBI has withdrawn the integrated township exemption from real estate end-use for ECB, and lowered all-in-cost ceilings b
2% Interest Subvention on Short-Term Crop Loans for 2007-08 (Circular May 10, 2007)
Government continues 2% interest subvention for short-term crop loans up to Rs.3 lakh in 2007-08. Public sector banks mu
Annual NBS-7 Return Mandate for NBFC-ND-SI
Systemically Important NBFCs (assets size of Rs 100 crore and above) must file an annual statement of capital funds and
RRB CRR Hiked to 8.75% in Two Stages from July 2008
RBI raised CRR for Regional Rural Banks by 50 bps to 8.75%, effective in two fortnights starting July 5, 2008 (8.50%) an
Oil Companies Get Higher Single-Borrower Exposure Cap
RBI raised the single-borrower exposure limit for oil companies holding government-issued Oil Bonds (non-SLR) from 15% t
OLTAS Data Quality: PAN & CIN Accuracy (2007 Circular)
RBI warns agency banks that errors in PAN or CIN uploaded to OLTAS deny taxpayers credit. Banks must verify PAN via TIN-
RRBs to Accept Guardianship Certificates for Disabled Persons' Accounts
RRBs must accept guardianship certificates from District Courts under Mental Health Act or Local Level Committees under
PMRY Milch Animal Disbursement Deadline Extended to Nov 30, 2007
The Ministry of Micro, Small & Medium Enterprises extended the cut-off date for disbursing PMRY loans for milch animals
PMRY 2007-08 Targets Revised for Select States/UTs
RBI has revised PMRY loan targets for 2007-08 for six states/UTs: Nagaland, Uttarakhand, Mizoram, Orissa, Tripura target
RRB CRR Hiked by 50 bps to 7% from Aug 4, 2007
RBI raised CRR for all Regional Rural Banks by 50 basis points to 7.00%, effective from the fortnight starting August 4,
CRR Hiked by 50 bps to 7.00% from Aug 4, 2007
RBI raised CRR by 50 basis points to 7.00% for scheduled commercial banks, effective fortnight starting August 4, 2007.
Master Circular: Exemptions from RBI Act, 1934 for NBFCs
RBI consolidated exemptions from Chapter III-B of the RBI Act for housing finance institutions, merchant banking compani
Revised Auditor Remuneration for Public Sector Banks from FY 2006-07
RBI revised fees for statutory central and branch auditors of public sector banks effective FY 2006-07. Central audit fe
Master Circular on Customer Service for Urban Co-op Banks
RBI consolidated all customer service instructions for Primary (Urban) Co-operative Banks up to June 30, 2008, covering
SGSY Credit Targets for 2007-08: Bank Allocation & Monitoring
RBI sets state-wise credit mobilisation targets under SGSY for 2007-08, totaling Rs 374,355.30 lakh. Banks must allocate
CRR hike for Urban Co-op Banks: 6.50% by April 28, 2007
RBI raised CRR for Scheduled Primary (Urban) Co-operative Banks by 0.50% to 6.50% in two stages from April 14, 2007. Int
RBI Hikes Repo Rate by 25 bps to 7.75%
RBI raised the repo rate by 25 basis points to 7.75% effective March 31, 2007, to contain inflation expectations. The re
RRB CRR Hiked by 50 bps in Two Stages
RBI raised CRR for all Regional Rural Banks by 0.50% to 6.00%, effective in two stages from fortnights beginning Februar
CRR Hiked for Scheduled State Co-operative Banks
RBI raised CRR for Scheduled State Co-operative Banks by 0.50% in two stages: to 5.75% from Feb 17, 2007, and to 6.00% f
CRR Hiked by 50 bps for Urban Co-op Banks in Two Stages
RBI raised CRR for scheduled urban co-operative banks by 0.50% of NDTL, effective from fortnights starting Feb 17 and Ma
CRR Hiked by 50 bps in Two Stages from Feb 17, 2007
RBI raised CRR by 50 bps to 6% in two stages: 5.75% from Feb 17, 2007, and 6% from Mar 3, 2007. This tightens liquidity
PMRY Loan Disbursement Deadline Extended to August 31, 2005
RBI extends the cut-off date for PMRY loan disbursements under 2004-05 sanctions from July 31 to August 31, 2005. Banks
PMRY 2005-06 Targets Revised for Select States/UTs
RBI has revised PMRY loan targets for 2005-06 for Pondicherry, Chandigarh, Andaman & Nicobar, Uttaranchal, and Nagaland.
Priority Sector: Venture Capital Investments No Longer Eligible from July 2005
From July 1, 2005, fresh bank investments in venture capital funds/companies (SEBI-registered) cannot be classified unde
PMRY 2004-05: Banks Must Close Sanction-Disbursement Gap by June 30, 2005
RBI circular directs all scheduled commercial banks (excluding RRBs) to reconcile PMRY data with state governments and R
UCB Investment Reclassification: Provisioning Relief on HTM Shift
RBI allows UCBs to spread provisioning costs over five years when shifting SLR securities to HTM, easing immediate P&L i
KYC and AML Guidelines for Co-operative Banks (2005)
RBI mandates all State and District Central Co-operative Banks to adopt Board-approved KYC and AML policies within three
RRBs: KYC Guidelines & Anti-Money Laundering Standards (2005)
RBI advises all Regional Rural Banks to adopt Board‑approved KYC and AML policies within three months, and to be fully c
KYC and AML Guidelines for Urban Co-operative Banks (2004)
RBI mandates all Primary (Urban) Co-operative Banks to adopt enhanced KYC and Anti-Money Laundering (AML) policies based
RBI Issues Draft Securitisation Amendment Directions for Four Entity Types
RBI has issued draft amendments to securitisation transaction directions. The changes aim to refine rules for asset-back
RRBs: NRE Term Deposits of 3+ Years Exempt from CRR/SLR till Sep 30, 2026
Fresh NRE term deposits of 3 years or more, mobilized by RRBs from June 19 to Sep 30, 2026, are exempt from CRR and SLR
RBI reopens Second Schedule inclusion for UCBs with ₹750 crore DTL threshold
RBI will now consider applications from Primary Urban Co-operative Banks for inclusion in the Second Schedule of the RBI
UCB Credit Facility Amendment: Project Unit Financing & Power Evacuation
RBI now lets UCBs finance independent viable units of a project as separate loans, each with its own viability check. Fo
UAPA Section 51A: UNSC Sanctions List Updated – One Entry Amended
RBI directs all regulated entities to update their records per UNSC's July 8, 2026 amendment to the ISIL/Al-Qaida sancti
NBFC Income Recognition on Acquired Assets: New RBI Rules
RBI bars NBFCs from booking past unpaid interest on acquired specified non-financial assets as income. Such income must
SFB Income Recognition on Specified Non-Financial Assets: New Rules
From Oct 1, 2026, SFBs cannot book accrued but unrealised interest/charges on extinguished exposures when acquiring a Sp
SFB Credit Facility Amendment: Multi-Unit Projects & Power Transmission
RBI now lets small finance banks treat multi-unit projects as separate loans if each unit is independently viable. For p
RBI Issues ALM Directions for Regional Rural Banks
RBI has issued comprehensive Asset Liability Management (ALM) Directions for Regional Rural Banks, effective November 28
RBI Tightens Rules on Customer Liability for Unauthorised EBTs (Effective for Transactions from Jan 1, 2027)
RBI has revised liability rules for unauthorised electronic banking transactions (EBTs) applicable to transactions on or
UCB Customer Liability for Unauthorised EBTs: Directions Effective from Jan 1, 2027
From Jan 1, 2027, UCBs must follow new rules limiting customer liability for unauthorised electronic banking transaction
NBFC-UL Governance Exemption for Government-Owned Entities
RBI exempts fully government-owned and controlled NBFCs in the Upper Layer from provisions after paragraph 43 of the Nov
RBI Finalises Master Direction – Credit Derivatives Directions, 2026
RBI has issued final Master Directions on Credit Derivatives, effective June 25, 2026, covering OTC and exchange-traded
RBI finalises Credit Derivatives Master Direction 2026
RBI issued the final Master Direction on Credit Derivatives, enabling derivatives on credit indices and total return swa
RBI Draft Master Direction on Call, Notice & Term Money Markets
RBI released draft Master Direction for call, notice, and term money markets, aiming to enhance depth of participation a
RCB Customer Liability Limits for Unauthorised EBTs Revised
RBI has revised liability rules for unauthorised electronic banking transactions at Rural Co-operative Banks (RCBs), app
RBI Draft Master Direction on G-Sec Secondary Market 2026
RBI released a draft Master Direction consolidating all extant instructions for secondary market transactions in governm
UCB Customer Liability Limits for Unauthorised EBTs Revised
RBI has revised liability rules for unauthorised electronic banking transactions at UCBs, effective Jan 1, 2027. New def
RRB Customer Liability Limits for Unauthorised EBTs Revised (Third Amendment Directions, 2026)
RBI issued the Third Amendment Directions, 2026, revising customer liability rules for unauthorised electronic banking t
Payments Banks: New Liability Rules for Unauthorised EBTs
RBI has revised liability rules for unauthorised electronic banking transactions at Payments Banks, effective January 1,
SFB Customer Liability Rules for Unauthorised Digital Transactions Updated
RBI revised liability rules for SFB customers on unauthorised electronic transactions, effective Jan 1, 2027. New defini
RBI Tightens Customer Liability Rules for Unauthorised EBTs (Applicable from Jan 1, 2027)
RBI has revised liability limits for unauthorised electronic banking transactions (EBTs) applicable to transactions on o
FEMA Reporting Rationalised: FLM Registers Dropped, New Formats
RBI has discontinued prescribed formats of registers FLM-1 to FLM-7 and certain MTSS returns. Revised FLM-8 now includes
RBI withdraws obsolete FEMA circulars
RBI has withdrawn FEMA circulars issued since June 2000 that are no longer operative due to amendments, redundancy, or s
RBI Amends Pension Disbursement Rules for Agency Banks
RBI has amended pension disbursement directions for agency banks, effective June 24, 2026. Key changes: banks may obtain
RBI Extends Irinjalakuda Town Co-op Bank Directions by 3 Months
RBI has extended its regulatory directions on The Irinjalakuda Town Co-operative Bank Ltd., Kerala, for three more month
RBI extends Sonpeth Nagari Sahakari Bank directive to Oct 30, 2026
RBI has extended its supervisory directive on Sonpeth Nagari Sahakari Bank, Maharashtra, by three months to October 30,
SFB Credit Lines via UPI: Prudential Norms Clarified
RBI mandates that credit facilities linked to UPI or any payment mode must follow standard prudential norms based on the
UPI Credit Lines: RBI Mandates Uniform Prudential Norms
RBI now requires that any credit facility linked to UPI or other payment instruments must follow the same prudential nor
RBI finalises TReDS Directions for MSME sellers
RBI issued final Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026, effective immediately, r
RBI TReDS Master Direction 2026: Key Changes for MSME Financing
RBI issued a comprehensive Master Direction for TReDS platforms, effective immediately. It streamlines capital requireme
RBI Tightens RRB Third-Party Product Rules
RBI has amended RRB financial services directions, effective Jan 1, 2027, redefining agency and referral businesses. RRB
RBI Tightens Payments Banks' Third-Party Product Rules
RBI has amended Payments Banks' agency and referral rules, effective Jan 1, 2027. Banks can only sell regulated financia
RBI Tightens Agency and Referral Rules for Small Finance Banks
RBI has amended the Small Finance Banks (Undertaking of Financial Services) Directions, 2025, effective January 1, 2027.
FEMA Non-Debt Instruments: Updated Payment & Reporting Rules
RBI amended FEMA Non-Debt Instruments Regulations, effective from publication in Official Gazette. Key changes: NRIs/OCI
RBI Delegates Bank Guarantee Powers for Foreign Airlines to AD Banks
RBI now allows AD banks to issue guarantees to foreign airlines/IATA for IATA-approved travel agents without prior RBI a
SGSY Monthly Reporting Format Modified for Banks
RBI has revised the monthly progress report format under SGSY to fix data compilation issues. Banks must use the new for
IDBI Ltd Added to RBI Second Schedule
RBI added Industrial Development Bank of India Limited to the Second Schedule of the RBI Act, 1934, effective October 11
KCC Scheme Expanded to Cover Term Loans for Allied Activities
RBI has revised the Kisan Credit Card (KCC) scheme to include term loans for agriculture and allied activities, moving b
RBI Reminder on Revaluation Data for FC Assets/Liabilities
RBI has flagged non-compliance by some banks in reporting revaluation gains/losses on foreign currency assets/liabilitie
Monthly Reporting for Govt Schemes from April 2004
RBI shifts progress reporting for SGSY, SJSRY, and SLRS from quarterly to monthly, effective April 2004. Banks must subm
RBI's 2026 Kisan Credit Card Directions: Key Changes for Banks
RBI issued consolidated KCC Directions effective Jan 1, 2027, covering all commercial banks (excluding SFBs, PBs, LABs).
RBI's 2026 KCC Directions for Regional Rural Banks
RBI issued consolidated KCC Directions for RRBs effective January 1, 2027, standardizing crop seasons (12 months for sho
RBI's 2026 KCC Directions for Rural Co-operative Banks
RBI issued new KCC Directions for Rural Co-operative Banks, applicable to loans sanctioned from January 1, 2027. The sch
RBI Allows ADs to Issue Guarantees Up to USD 20 Mn for Imports
RBI has granted general permission to AD banks to issue guarantees, LoUs, or LoCs up to USD 20 million per import transa
RBI Allowed 7-Day Minimum Tenor for Retail Term Deposits (2004)
RBI permitted banks to reduce the minimum tenor of domestic/NRO term deposits under ₹15 lakh from 15 days to 7 days, eff
RBI raises NRE deposit rate ceiling to LIBOR plus 50 bps
RBI has raised the ceiling on NRE deposit interest rates for 1-3 year maturities to LIBOR/SWAP rates for US dollar of co
Senior Citizens Savings Scheme 2004: Key Amendments for Banks
RBI notifies amendments to Senior Citizens Savings Scheme, 2004, effective from date of publication in Official Gazette
CP Minimum Maturity Cut to 7 Days
RBI reduced the minimum maturity of commercial paper from 15 to 7 days, effective October 26, 2004. This gives issuers m
RBI Tightens Non-Bank Access to Call/Notice Money Market
From January 8, 2005, non-bank participants can lend only up to 30% of their average daily lending in the call/notice mo
Exim Bank's USD 16 Million Line of Credit to Suriname
RBI notified banks about Exim Bank's USD 16 million line of credit to Suriname, effective September 28, 2004. Banks must
SCSS 2004: Joint Accounts, Maturity, and Tax Clarified
RBI clarifies SCSS 2004 rules: joint accounts allowed only with spouse; age eligibility based on first applicant; post-m
Senior Citizens Savings Scheme 2004 via Designated PSB Branches
RBI directs designated branches of PSBs operating PPF Scheme to offer SCSS 2004 from October 7, 2004, with a deadline of
RBI Notifies FEMA Amendments on Foreign Investments and Derivatives
RBI has notified two FEMA amendments: one updates foreign investment regulations (FEMA 122/2004-RB), and the other expan
Supreme Court Committee on Golden Forest: Banks Must Transfer Funds
Banks must immediately remit all balances from accounts of Golden Forest (I) Ltd. to the Supreme Court-appointed committ
Vyas Committee Recommendations on Agri Credit Flow
RBI forwards Vyas Committee recommendations: treat wasteland development as agri lending, consider posting technical sta
FCNR(B) deposit rate ceiling now set monthly from Nov 2004
From November 1, 2004, banks must fix FCNR(B) deposit interest rate ceilings on a monthly basis using LIBOR/SWAP rates f
NRE Deposit Rate Ceiling Raised to LIBOR/SWAP + 50 bps
RBI raised the ceiling on NRE deposit rates for 1-3 year maturities to LIBOR/SWAP rates for US dollar of corresponding m
RBI Raises NRE Deposit Rate Ceiling for RRBs
RBI has increased the ceiling on NRE deposit rates for Regional Rural Banks to LIBOR/SWAP rates for US dollar of corresp
Committee Appointed by Supreme Court to Take Custody of Golden Forest (I) Ltd. Assets
RRBs must immediately transfer all balances in Golden Forest (I) Ltd. accounts to the Supreme Court-appointed Committee
Master Circular: Miscellaneous Remittances from India – Facilities for Residents
RBI consolidated all instructions on miscellaneous remittances for residents into one Master Circular, issued July 1, 20
SSI Securitised Investments Count as Direct Priority Sector Lending
RBI now allows banks to treat investments in securitised assets backed by SSI loans as direct priority sector lending, p
SSI Composite Loan Limit Raised to Rs 1 Crore
RBI has enhanced the composite loan limit for SSI entrepreneurs under the Single Window scheme from Rs 50 lakh to Rs 1 c
Export Realisation Period Extended to 12 Months for EOUs
RBI has extended the export realisation period from six to twelve months for 100% EOUs and units under EHTP, STP, and BT
Monthly Agricultural Lending Data Reporting for Private Banks
Private sector banks must now submit agricultural lending data monthly to RBI, starting November 2004, to help the gover
One-Time Agri Loan Restructuring: NPA Norms Relaxed for Distressed Farmers
RBI clarifies that the June 2004 one-time restructuring of crop and term loans for farmers in distress (as on March 31,
UCB Housing Loan Priority Sector Ceiling Raised to Rs 15 Lakh
RBI raised the priority sector housing loan ceiling for Primary Urban Co-operative Banks from Rs 10 lakh to Rs 15 lakh p
PPF Scheme 1968 Amendments: Payment Methods & Nomination Rules
RBI notifies two PPF Scheme amendments effective Nov 19, 2004: subscriptions can be made via cash, crossed cheque, draft
RBI ends fax reporting for call/notice money deals on NDS
RBI discontinued daily fax reporting of call/notice money transactions to MPD from Dec 11, 2004, as NDS reporting stabil
Netting Benefit Extended to HSBC Primary Dealership for Reserve Requirements
Banks can now net lendings and borrowings with HSBC Primary Dealership (India) Pvt. Ltd. for CRR/SLR calculations, follo
Exim Bank's USD 27 Mn Line of Credit to Vietnam
RBI notified a USD 27 million Exim Bank line of credit to Vietnam, effective Nov 1, 2004, for financing Indian exports o
Exim Bank Lines of Credit to Brazil and Myanmar
RBI notifies ADs of two Exim Bank Lines of Credit: USD 10 Mn to Unibanco (Brazil) and USD 56.358 Mn to Myanma Foreign Tr
Tsunami Relief: RRB Foreign Contribution Rules Relaxed
RBI exempts RRBs from verifying prior government approval for foreign contributions to Tsunami relief until March 31, 20
Tsunami Relief: FCRA Exemption for Co-op Banks
Central Government exempts associations from FCRA prior permission for tsunami relief funds until March 31, 2005. RBI di
Tsunami Relief: FCRA Exemption for UCBs
RBI advises UCBs that MHA exempts associations (excluding political parties) from FCRA prior approval for tsunami relief
Tsunami Relief: FCRA Exemption for Foreign Contributions
RBI exempts associations (except political parties) from prior FCRA approval for Tsunami relief foreign contributions un
ESOP Loan Limits Raised: 90% Finance or ₹20 Lakh
RBI has raised the ceiling on bank finance for employees buying their company's shares under ESOP from ₹10 lakh to ₹20 l
Rupee Value of Special Currency Basket Revised to Rs 60.5127
RBI revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
UCBs: Fax Reporting of Call/Notice Money Discontinued
RBI has stopped the daily fax reporting of call/notice/term money transactions to MPD for NDS member UCBs from December
ESOP Liberalisation for Overseas Direct Investment
RBI has liberalised ESOP rules: Indian employees/directors of an Indian office, branch, or subsidiary of a foreign compa
Strict Adherence to PPF Maturity Rules Mandated
RBI has flagged that some agency banks are violating PPF Scheme, 1968 rules on maturity and extension. One branch wrongl
SCSS 2004 Clarifications for Banks
RBI forwarded a copy of an Office Memorandum (F.No.2-8/2004-NS-II dated October 29, 2004) providing clarifications on th
Same-Day Certificate of Holding for 8% Savings Bonds 2003
RBI now allows designated branches to issue Certificate of Holding and open Bond Ledger Accounts on the same day for 8%
FEMA Compounding Procedures Expanded by Government of India, Administered by RBI
The Government of India has expanded RBI's compounding powers under FEMA to cover all sections except Section 3(a) (hawa
UCBs: Insurance entry norms eased
RBI lowered the net worth threshold for Scheduled UCBs to enter insurance agency business from Rs.100 crore to Rs.50 cro
State Govt Guaranteed Advances: New NPA Norms
RBI delinks asset classification and provisioning for State Government guaranteed advances from guarantee invocation. Fr
RBI cracks down on coin rejection by bank branches
RBI has reiterated that all bank branches must accept coins of any denomination without restriction. Persistent complain
Maturity proceeds for joint bond holders: single pay order allowed with POA
RBI now allows banks to issue a single payment order for matured Relief/Savings Bonds to one joint holder if all others
RBI Mandates Note Sorting Machines at All Currency Chests
RBI has ordered all banks with currency chests to install table-top note sorting machines at every chest branch by May 2
SBI gets lead bank role for three new Nagaland districts
RBI assigns State Bank of India as lead bank for three new Nagaland districts—Peren, Kiphire, and Longleng—following the
SBI gets lead bank role for new Anjaw district in Arunachal
RBI assigns State Bank of India as lead bank for the newly formed Anjaw district in Arunachal Pradesh, effective from De
FCRA Compliance: RBI Master Circular on Foreign Donations
RBI issued a Master Circular on FCRA, 1976, mandating banks to ensure foreign donations are received only by registered
Graded NPA Provisioning for StCBs and DCCBs: Doubtful >3 Years
RBI mandates graded higher provisioning on secured portion of NPAs classified as 'doubtful for more than three years' fo
Master Circular on Lending to SSI Sector (2005)
RBI consolidated all SSI lending guidelines into a single Master Circular as of February 28, 2005. Key definitions: SSI
Exim Bank USD 5 mn Line of Credit to Lesotho
RBI notified a USD 5 million Exim Bank line of credit to Lesotho for financing Indian exports of capital goods, machiner
Gold Loan Tenor Extended to 240 Days for Jewellery Exporters
RBI extends gold loan tenor to 240 days for jewellery exporters: 60 days for manufacture/export plus 180 days for price
Cooperative Banks: Insurance Entry Net Worth Halved to ₹50 Crore
RBI has reduced the minimum net worth requirement for scheduled or licensed SCBs and licensed DCCBs to enter insurance b
OLTAS: Multiple Uploads & March Residual Data Allowed
RBI now permits agency banks to upload past tax collection data (RT-01) multiple times for the same nodal scroll date, a
FATF NCCT List for LRS Remittances (2005 Circular)
RBI directs AD banks to prohibit LRS remittances to FATF-identified NCCTs and maintain an updated list from FATF's websi
Revised norms for accrued interest on UCB advances
RBI has simplified accounting for accrued interest on performing advances of Urban Co-operative Banks. Banks can now dir
RBI forwards Vyas Committee recommendations on rural branch advisory committees and SHG action plans
RBI forwards accepted Vyas Committee recommendations: every rural branch may establish a local advisory committee with p
State Govts Get Non-Competitive Bidding for 182-Day T-Bills
RBI extends non-competitive bidding facility to 182-Day Treasury Bills for State Governments from FY 2005-06. First auct
IT Outsourcing Fraud Alert: Ahaana Computers Case
RBI warns banks about a fraud by M/s Ahaana Computers at a Tamil Nadu co-op bank due to unfettered AMC access and staff
Master Circular on NRO Accounts – March 2005
RBI consolidated all NRO account rules into one Master Circular with a sunset clause, valid until July 1, 2005. It cover
Cheque Truncation Pilot: Image Standards Finalized
RBI has set image standards for the cheque truncation pilot: three images per cheque (gray-scale front, B&W front, B&W r
Exim Bank's USD 15 Million Line of Credit to Senegal
RBI notifies a USD 15 million Exim Bank line of credit to Senegal for financing Indian exports of goods and services, ta
J&K Bank Lead Role Extended for 4 Districts Till 2007
RBI extended Jammu & Kashmir Bank's lead bank responsibility for Anantnag, Budgam, Pulwama, and Srinagar districts until
ECB for NGOs in Microfinance: Automatic Route Norms
RBI now permits NGOs engaged in microfinance to raise ECB up to USD 5 million per financial year under the Automatic Rou
RBI Grants General Permission for Foreign Insurers' Liaison Offices
RBI now allows foreign insurance companies with IRDA approval to set up liaison offices in India without seeking separat
Clarification on Charitable Institutions' Eligibility for 8% Savings Bonds
RBI corrected an earlier circular: charitable institutions need a certificate under Section 80G OR Section 35(1)(ii)/(ii
UCBs: Grandfathering of director guarantees clarified
RBI clarifies that UCBs need not unwind loans backed by director/relative guarantees made before October 1, 2003, but no
Customer Service Committee to Monitor Banking Ombudsman Awards
RBI mandates banks to place all Banking Ombudsman awards before the Customer Service Committee to ensure timely implemen
RBI Mandates Business Continuity Plans for All Banks
RBI directs all scheduled commercial banks to implement a Business Continuity Plan (BCP) to manage operational risks fro
RBI mandates standing committees for customer service
RBI directs all scheduled commercial banks (excluding RRBs) to convert existing Ad hoc Committees on customer service in
RBI Tightens UCB Exposure Norms: New 15%/40% Limits
RBI has reduced prudential exposure limits for Urban Co-operative Banks from 20%/50% to 15%/40% of capital funds for sin
CP Issuance Reporting on NDS Platform
From April 16, 2005, scheduled banks acting as IPAs must report CP issuance details on the NDS platform within two days
RIDF IV-VII Interest Rate Revision for Disbursed Amounts
RBI restructured lending and deposit rates for RIDF IV-VII disbursed amounts effective April 16, 2005. Deposit rates for
RBI caps UCB donations at 1% of profits
RBI has capped normal donations by urban co-operative banks at 1% of previous year's published profits, and total donati
RRBs get CRR/SLR relief on 3-year+ NRE term deposits till Sep 2026
RBI exempts fresh NRE term deposits of 3 years or more (including renewals) from CRR and SLR for RRBs from June 19 to Se
J&K Credit Concessions Extended to March 2006
RBI extends credit relaxations for J&K borrowers by one more year, up to 31 March 2006. Banks must continue existing con
Door-step Banking: RBI Allows Banks to Formulate Scheme for Customer Premises Services
RBI now permits scheduled commercial banks (excluding RRBs) to formulate a board-approved door-step banking scheme for s
Exim Bank's $5M Line of Credit to PTA Bank
RBI notified a $5 million short-term line of credit from Exim Bank to PTA Bank for financing Indian exports of raw mater
Call Money Exposure Benchmark Shifted to Capital Funds
RBI has changed the benchmark for setting prudential limits on call/notice money market exposure from owned funds to cap
CD Minimum Maturity Cut to 7 Days
RBI reduced the minimum maturity period for Certificates of Deposit from 15 days to 7 days, effective immediately. This
RBI Extends Reduced Interest Rate Ceiling on Rupee Export Credit Till Oct 2005
RBI has extended the reduced interest rate ceiling on pre-shipment (up to 180 days) and post-shipment (up to 90 days) ru
RBI Tightens Timelines for Govt Revenue Remittances
From May 1, 2005, banks must remit local government collections to RBI Nagpur within T+3 days and outstation within T+5
Branch Shifting: RBI Eases Licence Amendment Process
Banks can shift branches within the same municipal ward/locality (metropolitan/urban/semi-urban) or block/service area (
RBI Revamps Annual Credit Plan Process with NABARD PLPs
RBI mandates banks to base Annual Credit Plans on NABARD's Potential Linked Plans (PLPs), with a structured timeline for
Derivatives Risk Disclosure Mandate for Term Lending Institutions
RBI mandates all-India term lending and refinancing institutions to disclose derivatives risk exposures in balance sheet
RBI announces SEFC scheme for SSI clusters (May 2005)
RBI announced Small Enterprises Financial Centres (SEFCs) in May 2005 to boost credit flow to SSIs. Banks are encouraged
SSI Investment Limit Enhanced for Sports Goods – UCBs
RBI has raised the investment ceiling on plant and machinery for seven sports goods items from Rs.1 crore to Rs.5 crore,
Underwriting Bids Move to Electronic Mode; Commission Payment Timing Changed
RBI mandates Primary Dealers to submit underwriting bids electronically via the PMO module instead of physical forms. Un
PMRY Loan Sanction Lapse Date Extended to July 31, 2005
RBI extends PMRY loan sanction and disbursement cut-off for 2004-05 cases from June 30 to July 31, 2005, giving banks on
RBI Guidelines for Private Sector Bank Mergers (2005)
RBI issued detailed guidelines for voluntary mergers of private sector banks, covering board approval (two-thirds majori
New Security Features for Rs 50 and Above Notes
RBI will introduce banknotes with additional/revised security features for Rs 50 and above denominations during 2005 to
OLTAS: Upload Pending Tax Challans by May 28, 2005
Banks must re-check and upload all OLTAS challans from June 1, 2004 to March 31, 2005 that were missed earlier. Nodal br
OSMOS Returns Filing Deadlines Tightened Effective Quarter Ending June 2005
RBI has reduced the time limit for filing monthly OSMOS returns to 15 days and quarterly returns to 21 days for all sche
Produce marketing loan limit doubled to Rs 10 lakh under priority sector
RBI has raised the limit on produce marketing loans to farmers from Rs 5 lakh to Rs 10 lakh per borrower, treating these
RBI eases dividend payout norms for banks
RBI has granted general permission for banks to declare dividends without prior approval, subject to eligibility criteri
Finance Act 2005: New Tax Challans & OLTAS Changes
RBI directs agency banks to update OLTAS software for new taxes (Fringe Benefit Tax, Banking Cash Transactions Tax) and
PPF Scheme 1968: HUF and Association Accounts Removed
RBI notified amendments to the PPF Scheme, 1968, effective May 13, 2005, removing HUF and association of persons as elig
RBI Rules for International Debit & Store Value Cards (2005)
RBI clarifies that International Debit Cards (IDCs) can be used abroad only for permissible current account transactions
RBI waives processing charges for all electronic fund transfers of Rs 2 crore and above
RBI has completely waived processing charges for all electronic fund transfers (EFT, SEFT, ECS) of Rs 2 crore and above,
RBI Revises Board Review Calendar for Public Sector Banks
RBI has reduced the number of mandatory board reviews by leveraging committee work, effective July 1, 2005. The revised
Simplified Claims for Deceased Depositors: 2005 RBI Circular
RBI simplified deceased depositor claim settlements in 2005. Banks must pay survivors/nominees without demanding legal d
Bank Finance for Overseas Equity Acquisitions Eased
RBI now allows banks to finance Indian companies' acquisition of equity in overseas JVs, wholly owned subsidiaries, or o
SCSS 2004: Clarifications on Interest, Loans, Premature Withdrawal
RBI clarifies SCSS 2004: broken-period interest uses (days × yearly rate) / 365 (or 366 for leap year); pledging account
RBI mandates bank staff training on new currency security features
RBI directs banks to train field staff on new/revised banknote security features, educate the public, and submit vendor
RBI mandates compensation for delayed bond interest/principal payments
RBI now requires agency banks to compensate Relief/Savings Bond investors at the Savings Bank rate for delays in interes
RBI mandates domestic rupee benchmarks for interest rate derivatives
RBI has directed banks, PDs, and AIFIs to use only domestic rupee benchmarks for interest rate derivatives, with a six-m
RBI Extends 180-Day NPA Norm for Small UCBs for Three Financial Years Ending March 2005, 2006, and 2007
RBI allows small UCBs (unit banks or single-district banks with deposits ≤₹100 crore) to classify NPAs using 180-day del
2005 Circular: Ensure MP/MLA Attendance at DLRC Meetings
RBI directs lead banks to ensure MPs/MLAs attend DLRC meetings as far as possible, noting current attendance is only 15-
Forward Contracts: Freer Cancellation & Rebooking for Residents
RBI now allows residents to freely cancel and rebook all forward contracts for current account transactions, regardless
RBI Annual Closing: Relief/Savings Bonds Interest on July 1, 2005
RBI clarifies that despite its annual closing on July 1, 2005, agency banks must credit interest/maturity proceeds of Re
SFBs get CRR/SLR relief on 3+ year NRE term deposits till September 30, 2026
RBI exempts small finance banks from maintaining CRR and SLR on fresh NRE term deposits of 3 years or more, mobilized fr
UCBs get CRR/SLR relief on 3-year+ NRE term deposits mobilized till Sep 2026
RBI exempts fresh NRE term deposits of 3 years or more (including renewals) from CRR and SLR for urban co-operative bank
RCBs get CRR/SLR relief on long-term NRE deposits
Rural co-operative banks can now raise fresh NRE term deposits of 3+ years without maintaining CRR or SLR, if mobilized
Relief/Savings Bonds: Transfer Rules for Non-Cumulative Bonds
RBI allows banks to process transfers of non-cumulative Relief/Savings Bonds during June/December even after interest wa
State Govt Guaranteed Exposures: New NPA Norms
RBI ends special treatment for State government guaranteed loans. From year ending March 31, 2006, asset classification
PPF Scheme 1968: Clarifications on Juristic Person Accounts
RBI clarifies that PPF accounts opened by juristic persons (HUFs, trusts, etc.) on or after May 13, 2005, are void and m
Simplified Claim Settlement for Deceased Depositors
RBI (2005 circular) simplified claim settlement for deceased depositors. Banks must pay survivors/nominees without deman
Master Circular: Natural Calamity Relief Guidelines for Banks
RBI issued a master circular consolidating guidelines for banks to provide relief in natural calamity areas. Banks must
Master Circular on Interest Rates for Advances (2005)
RBI consolidated all lending rate instructions into a single Master Circular as of July 2005. Key points: BPLR remains t
Master Circular: NBFC/RNBC Liquid Asset Returns & Maintenance
RBI consolidated prior directions on liquid asset maintenance and quarterly return filing for NBFCs and RNBCs into a sin
NBFC Auditor Report Directions 1998: Master Circular
RBI consolidated its 1998 directions for NBFC auditors into a master circular as of June 30, 2005. Auditors must separat
Master Circular on Call/Notice Money Market Operations
RBI consolidated all call/notice money market guidelines into a single master circular dated July 1, 2005, covering inst
Master Circular on Export Credit Refinance Facility
RBI consolidated all existing guidelines on Export Credit Refinance (ECR) into a single Master Circular effective July 1
Master Circular on NRO Accounts: Key Rules for Banks
RBI consolidated NRO account rules in Master Circular No.09 /2005-06, effective July 1, 2005, with a sunset clause. It c
RBI Master Circular on NRI/PIO Remittance Facilities (2005)
RBI consolidated remittance rules for NRIs/PIOs/foreign nationals into a single Master Circular (July 2005) with a one-y
RBI Delegates Commodity Hedging Approval to Select AD Banks
RBI now allows select commercial banks (ADs) meeting profitability, CRAR, NPA, and net worth norms to approve commodity
RBI Eases Prior Approval for Internet Banking Services
RBI has removed the requirement for banks to seek prior approval before launching transactional internet banking service
Master Circular on CRR and SLR Requirements
RBI consolidated all operational instructions on CRR and SLR into a single master circular. Key points: CRR is 5% of NDT
RRBs get one-year MTM exemption extension for SLR securities
RBI extended the exemption from mark-to-market norms for RRBs' SLR securities by one more year to FY 2005-06, allowing t
Exim Bank USD 2 Mn Line of Credit for Philippines
RBI notifies a USD 2 million Exim Bank line of credit to TIDCORP Philippines for financing eligible Indian exports. LCs
RBI Withdraws Credit Ceiling for Registered NBFCs in Equipment Leasing, Hire-Purchase, Loan, and Investment
RBI withdrew the bank credit ceiling linked to Net Owned Fund for NBFCs registered with it and engaged in equipment leas
RBI Guidelines on Purchase/Sale of NPAs (2005)
RBI issued guidelines for banks, FIs, and NBFCs to buy/sell NPAs among themselves (excluding securitisation companies an
Ensure Fringe Benefit Tax Acceptance at All Branches
RBI directs all agency banks to immediately accept Fringe Benefit Tax payments from customers, as some branches were rej
Simplified Claim Settlement for Deceased Depositors – UCBs
RBI simplifies claim settlement for deceased depositors in Urban Co-operative Banks. For accounts with nomination/surviv
Relaxation in Investment Classification for Co-op Banks
RBI allows co-operative banks to shift SLR securities from 'current' to 'permanent' category with relaxed provisioning:
CSGL holders can now sell G-secs on allotment day
RBI now permits CSGL account holders to sell government securities allotted in primary issues on the same day of allotme
Currency Chest Shortages: RBI Tightens Internal Control Norms
RBI flags rising shortages in currency chest remittances and directs banks to enforce mandatory two-monthly balance veri
Relaxed KYC for Flood Victims: Aug 2005 Circular
RBI allowed banks to open accounts for Maharashtra flood victims with minimal formalities—introduction from an existing
RBI Liberalises ECB Norms for NBFCs, Housing Finance, and Prepayment
RBI has eased ECB rules: NBFCs can now borrow from specified lenders for infrastructure equipment leasing under the Appr
Master Circular on Micro Credit: SHG-Bank Linkage
RBI consolidated all micro credit guidelines up to June 30, 2005 into a single Master Circular. It formalizes the SHG-Ba
RBI Flood Relief: Higher Consumption Loans for Maharashtra
RBI directs banks to raise consumption loan limits to Rs 5,000 (branch manager can go up to Rs 10,000) without collatera
FDI Liberalised in Petroleum & Domestic Airlines
RBI has permitted 100% FDI under automatic route in petroleum marketing, oil exploration, and pipelines, and in domestic
RBI Launches ICCOMS for Currency Chest Computerisation
RBI introduced ICCOMS in 2005 to computerise currency chest operations. Banks must arrange hardware, software, and IFSC
Agency Commission Shift to Per-Transaction Rates
RBI revised agency commission for government business from a value-based rate (11.80 paise per Rs.100) to a per-transact
Simplified Claim Settlement for Deceased Depositors at RRBs
RBI simplifies claim settlement for deceased depositors at RRBs: valid nomination or survivorship clause means no need f
Current Account Opening Discipline: 2004 RBI Clarification (September 23, 2004)
RBI clarified that its September 23, 2004 circular on current account discipline supersedes the earlier 1986 circular. B
RBI mandates banks to publish RTGS, EFT, ECS service charges on its website
RBI directs all RTGS member banks to submit pricing details for electronic payment services (RTGS, SEFT, EFT, ECS) for o
Agency Commission Shift to Per-Transaction Model
RBI replaced the old volume-based agency commission (11.80 paise per Rs.100) with a per-transaction fee: Rs.45 for recei
Priority Sector Lending Targets for Urban Co-op Banks
RBI mandates Primary Urban Co-operative Banks to allocate 60% of total loans to priority sectors, with at least 25% of t
Master Circular on Management of Advances for Urban Co-op Banks
RBI consolidated all advance management guidelines for Primary Urban Co-operative Banks as of June 30, 2005. Key change:
Master Circular on Housing Finance for Urban Co-op Banks
RBI consolidated housing finance guidelines for Primary Urban Co-operative Banks (PCBs) up to June 30, 2005. PCBs can le
New Security Features on Indian Banknotes from Aug 2005
RBI advised banks that Rs.50 and Rs.100 notes with additional security features will be issued in August 2005, followed
Non-SLR Investment Norms Eased for Co-op Banks
RBI now allows co-operative banks to invest in non-SLR securities (PSU bonds, AFI bonds/equity) without prior approval,
PMRY loan disbursement deadline extended for Assam due to floods
RBI extends the PMRY loan disbursement cut-off for Assam's 2004-05 programme year from July 31 to December 31, 2005, due
Revised Board Review Calendar for Private Banks
...supersedes the 2001 circular.
Relaxed KYC for flood victims: Aug 2005 circular
RBI directed urban co-op banks to open accounts for Maharashtra flood victims with minimal formalities—introduction from
RBI mandates annual branch expansion plans linked to corporate strategy
Banks must now submit annual branch expansion plans by December, covering all customer-contact offices, district-wise an
OLTAS Data Entry Errors: RBI Seeks Compliance Confirmation
RBI flags persistent data entry errors in Assessment Year and Minor Head fields under OLTAS. Banks must confirm implemen
Simplified KYC Procedure for Small Accounts (2005)
RBI eased KYC norms for low-income individuals unable to produce standard ID/address proof. Banks can open accounts with
Simplified KYC for Accounts with Low Balances at Co-op Banks
RBI eased KYC norms for State and District Central Co-operative Banks to open accounts for persons unable to produce sta
Simplified KYC for Low-Income RRB Customers
RBI simplified KYC for RRB customers unable to produce standard ID, allowing accounts with balances up to Rs 50,000 and
UCBs - KYC Guidelines - Anti-Money Laundering Standards
RBI simplifies KYC for persons unable to produce standard ID/address proof. UCBs can open accounts with balances not exc
RBI Circular on Policy Package for Stepping up Credit to SME Sector (2005)
RBI directs public sector banks to boost SME lending via self-targets, transparent credit-linked pricing, and cluster-ba
NDS-OM Trades No Longer Need Counterparty Confirmation
RBI has exempted government securities trades matched on NDS-OM from physical counterparty confirmation, as CCIL acts as
Annual Info Return for Bonds of ₹5 Lakh or More
Banks issuing government savings bonds must file an Annual Information Return under Section 285BA of the Income Tax Act
Master Circular on Deposit Account Maintenance for Urban Co-op Banks
RBI consolidated all deposit account guidelines for Primary (Urban) Co-operative Banks into a single Master Circular as
Master Circular on Board of Directors for Urban Co-op Banks
RBI consolidated guidelines on board constitution, director roles, and professionalism for urban co-operative banks. Key
Relaxed KYC for Flood Victims' Account Opening
RBI allows co-operative banks to open accounts for flood-affected persons with minimal formalities, accepting alternativ
Lead Bank for New Mewat District in Haryana
RBI assigns Syndicate Bank as Lead Bank for Haryana's new Mewat district, carved from Gurgaon and Faridabad. No other di
RBI Directs Agency Banks to Comply with PPF Agent Commission Payment Rules
RBI has advised agency banks to ensure PPF agents receive commission at the time of deposit, without claim or undertakin
Cheque Truncation Pilot: NCR Banks Must Act Now
RBI's Cheque Truncation System (CTS) pilot in the National Capital Region goes live Q1 2006. Banks must finalize truncat
FDI Share Transfer: AD Banks Get More Powers
RBI clarifies that AD banks can now process share/convertible debenture transfers from resident to non-resident for acti
CRR/SLR Exemption for Long-Term NRE Deposits
RBI exempts fresh NRE term deposits of 3+ years tenor, mobilized from June 19 to Sept 30, 2026, from CRR and SLR mainten
OLTAS Software Validations Submission to Directorate of Income Tax (Systems)
RBI directs all agency banks to urgently furnish all OLTAS software validations and default values to the Directorate of
Master Circular: Pension Disbursement by Agency Banks
RBI consolidated instructions for agency banks on government pension disbursement, focusing on expeditious Dearness Reli
RBI 2005 Policy Package for SME Credit
RBI directs banks to boost SME credit by setting higher annual targets, adopting transparent credit-linked rating system
108 Items De-reserved from SSI Exclusive Manufacture List
RBI notified that 108 items were removed from the list reserved for exclusive manufacture by small-scale industries, eff
PMRY Loan Disbursement Deadline Extended for Manipur
Ministry of Agro & Rural Industries extends the PMRY loan disbursement cut-off for Manipur's 2004-05 programme year from
RBI Directs Banks to Boost Credit Flow to SCs/STs
RBI has directed all scheduled commercial banks to intensify efforts to meet credit targets for SCs/STs under priority s
Import of Aircraft on Operating Lease – Security Deposits
RBI now allows AD banks to remit up to USD 1 million per aircraft as security deposit for operating leases without requi
RBI Clarifies No Relaxation in Non-SLR Investment Limits for Co-op Banks
RBI clarifies that the overall non-SLR investment limit for co-operative banks remains at 10% of total deposits as of Ma
Exim Bank's USD 10 Mn Line of Credit to BMCE Bank, Morocco
RBI notified a USD 10 million Exim Bank line of credit to BMCE Bank, Morocco, effective July 22, 2005, for financing eli
Fraud Classification and Reporting: 2005 Master Circular
RBI issued a 2005 Master Circular consolidating fraud reporting norms for banks. It mandates timely reporting, classifie
Liberalised Branch Authorisation Policy
RBI proposed replacing case-by-case branch licensing with annual aggregated approvals, linking branch expansion to finan
SME Debt Restructuring Mechanism for Banks
RBI mandates banks to implement a debt restructuring mechanism for SMEs, mirroring corporate debt restructuring terms. E
Monthly Returns Mandated for Large NBFCs Not Taking Public Deposits
RBI now requires NBFCs not accepting public deposits with assets of Rs 100 crore or more to file monthly returns within
Master Circular on Guarantees and Co-acceptances 2005
RBI consolidated all instructions on guarantees and co-acceptances up to June 30, 2005. Key change: the limit that 20% o
RBI Expands Gold Loan Access for Domestic Jewellery Makers
RBI now allows nominated banks authorized to import gold to extend Gold (Metal) Loans to domestic jewellery manufacturer
ADR/GDR Rules Aligned with SEBI Domestic Issue Norms
RBI aligns ADR/GDR issuance rules with SEBI domestic capital guidelines. Listed firms barred from accessing Indian marke
One-Time Settlement Scheme for SME NPAs
RBI mandates all public sector banks to implement a simplified, non-discretionary one-time settlement scheme for SME NPA
SME Credit Flow: Revised Quarterly Reporting Format for PSBs
RBI circular requires public sector banks to submit quarterly data on credit flow to SME sector in a revised format, wit
UCBs with accumulated losses barred from donations
RBI clarifies that Primary Urban Co-operative Banks with accumulated losses in their balance sheet cannot make donations
RBI Tightens SGSY Lending: Banks Must Clear Backlog, Boost Credit
RBI has flagged poor credit mobilisation and high pendency under SGSY. Banks must delegate full sanction powers to branc
ECS Credit Details Must Be Clear in Passbooks
RBI mandates banks to show full ECS credit details (user name abbreviation) in passbooks/statements. This follows rising
RBI Guidance Note on Management of Operational Risk
RBI issued a Guidance Note on Management of Operational Risk, requiring banks to maintain capital for operational risk u
KYC norms extended to NBFC deposit agents
RBI mandates NBFCs to ensure their deposit-collecting agents comply with KYC/AML norms. NBFCs are fully liable for agent
IFR Treatment for Basel II Transition
RBI now allows banks meeting 9% capital adequacy for credit and market risks for both HFT and AFS categories as of March
RBI allows agency banks to offer e-payment for taxes without prior approval
Agency banks can now set up e-payment facilities for government tax collections without seeking RBI's prior approval on
Counterfeit Banknote Detection & Impounding: Updated Master Circular 2005
RBI updated its 2004 Master Circular on counterfeit banknote handling. All bank branches and treasuries must impound sus
Penal Interest on Currency Chest Reporting Errors
RBI mandates penal interest for delayed, wrong, or non-reporting of currency chest transactions, with a minimum deposit/
UCB Director Loan Ban: Three Exemptions Notified
RBI has partially relaxed its blanket ban on loans to directors of Urban Co-operative Banks. Three specific categories—s
SSI Reserved Items List Updated for UCBs
RBI notified UCBs about 108 items de-reserved from SSI exclusive manufacture list, reducing reserved items to 506 as of
RRBs Must Submit Golden Forests Bank Statements to Supreme Court Committee
RBI directs all RRBs to send bank statements of Golden Forests (India) Ltd and its subsidiaries from December 1, 2000 un
RBI Revises NRE Deposit Interest Rate Ceiling
RBI has revised NRE deposit interest rates effective November 17, 2005. NRE savings accounts will now earn domestic savi
RBI Hikes General Provisioning for Standard Advances to 0.40% (RRBs)
RBI raised general provisioning on standard advances from 0.25% to 0.40% of funded outstanding, per circular dated Novem
FDI and FII Investment Rules for Asset Reconstruction Companies (2005)
RBI now permits eligible FDI entities (excluding FIIs) to invest up to 49% in ARC equity, with FIPB approval. FIIs can i
CD Ratio Monitoring: Thorat Panel Recommendations Implemented by Government
RBI implements Government-accepted Thorat Panel recommendations: banks monitor CD ratio at HO (Cu+RIDF), state (Cu+RIDF)
RBI Raises Standard Asset Provisioning to 0.40%
RBI increased general provisioning on standard advances from 0.25% to 0.40% of funded outstanding, excluding direct agri
ECB Policy Clarifications: SPVs & Textile Guarantees
RBI clarifies that SPVs financing infrastructure qualify as financial institutions for ECB under Approval Route. Banks c
RBI advises banks to consider hallmarked gold jewellery for advances
RBI advises banks to consider hallmarked gold jewellery as safer collateral for advances, encouraging lower margins and
Rupee Export Credit Interest Rates Extended Till April 2006
RBI extends validity of rupee export credit interest rate ceilings from November 1, 2005 to April 30, 2006. Pre-shipment
RBI extends lower export credit interest rate ceiling till April 2006
RBI has extended the reduced interest rate ceiling on rupee export credit by six months, up to April 30, 2006. Pre-shipm
Exim Bank's USD 50 Million Line of Credit to Chad
RBI notifies AD banks of Exim Bank's USD 50 million line of credit to Chad for four projects: cotton yarn, steel billet,
Securities Transaction Tax: Correct Challan Codes for Agency Banks
RBI clarifies that agency banks must use challan codes from ITNS-282 form for Securities Transaction Tax, not the minor
Relief measures for Tamil Nadu flood victims
RBI advises banks to consider raising consumption loans to Rs 5,000 (up to Rs 10,000 at branch manager's discretion) wit
Exim Bank's $27 Mn Line of Credit to Ghana
RBI notifies AD banks of Exim Bank's US$ 27 million line of credit to Ghana, effective Nov 16, 2005, for financing expor
UCBs: Standard Asset Provisioning Hiked to 0.40%
RBI has raised general provisioning on standard advances for larger Urban Co-operative Banks from 0.25% to 0.40%, effect
RBI Introduces Second LAF (SLAF) for Fine-Tuning Liquidity
RBI launched a Second Liquidity Adjustment Facility (SLAF) from November 28, 2005, operating between 3:00 PM and 3:45 PM
RBI Urges Banks to Confirm Filing of Annual Information Return on Savings Bond Subscriptions of ₹5 Lakh+
RBI has directed banks to urgently confirm that they have filed Annual Information Returns with Income Tax authorities f
RBI Revises NRE Deposit Interest Rate Ceilings for Co-op Banks
RBI raised the NRE term deposit interest rate ceiling from LIBOR/SWAP plus 50 bps to plus 75 bps for 1-3 year maturities
RBI pushes banks to cut electronic payment charges
RBI urged scheduled commercial banks to review and reduce service charges on electronic payment products like RTGS, ECS,
RBI Revises NRE Deposit Interest Rate Ceiling for RRBs
RBI has revised NRE deposit interest rates for RRBs: savings accounts now match domestic savings rates (as against LIBOR
UCB Mergers: Loss Amortisation Over 5 Years Allowed
RBI now permits acquiring Urban Co-operative Banks to amortise losses from merged banks over up to five years, including
Revised NRE Deposit Interest Rate Ceiling for UCBs
RBI revised NRE deposit interest rates for Urban Co-operative Banks effective close of business on Nov 17, 2005. Savings
RBI Extends OTS Scheme for SME Accounts to FIs
RBI directs all-India term-lending and refinancing institutions to uniformly implement the One Time Settlement (OTS) sch
RBI Launches General Credit Card (GCC) Scheme for Rural/Semi-Urban Areas
RBI introduced the General Credit Card (GCC) scheme in 2005 for rural/semi-urban bank customers. It offers revolving cre
RRBs Must Offer No-Frills Zero-Balance Accounts for Financial Inclusion
RBI directs all RRBs to offer basic 'no-frills' accounts with nil or very low minimum balance and charges, and to consid
RBI Special Package for Regional Rural Banks (2005)
RBI announced a special package in 2005 to boost RRBs' credit delivery. Key measures include sponsor bank credit lines,
One-Time Settlement for Small Borrowal Accounts (2005)
RBI directed all scheduled commercial banks to offer a simplified one-time settlement for NPA accounts with principal up
ECS Debit Mandate Revocation: Customer Rights Clarified
RBI mandates that banks must accept customer requests to revoke ECS debit mandates directly, treating them like stop-pay
Standard Asset Provisioning Hiked to 0.40% for Co-op Banks
RBI raised standard asset provisioning from 0.25% to 0.40% for StCBs/DCCBs effective April 1, 2007, to build buffers aga
RBI mandates 'no-frills' accounts for financial inclusion
RBI directs all co-operative banks to offer 'no-frills' savings accounts with nil or very low minimum balance and charge
CRR/SLR Treatment for CBLO Transactions by Scheduled State Co-operative Banks and Regional Rural Banks
RBI clarifies that borrowing via CBLO from CCIL (a non-bank) must be included in NDTL for reserve requirements. A specia
Private Banks Must Actively Join Lead Bank Scheme Fora
RBI advises private sector banks to actively participate in Lead Bank Scheme meetings, improve credit flow to priority s
RBI Revises Unsecured Advance Limits for Urban Co-op Banks
RBI has raised the limit on unsecured advances without surety for third-party cheque purchases/discounts by UCBs: schedu
RBI Allows Banks to Use Business Facilitators and Correspondents for Financial Inclusion
RBI now permits banks to engage NGOs, MFIs, and other entities as Business Facilitators (for facilitation services) and
RBI Allows FIIs and NRIs to Invest in Bank Tier I and Tier II Capital Instruments
RBI now permits FIIs and NRIs to subscribe to banks' perpetual debt (Tier I) and debt capital (upper Tier II) instrument
RBI Hikes LAF Repo Rate to 6.50%, Aligns Standing Facilities
RBI raised the fixed repo rate under LAF to 6.50% effective noon on January 24, 2006. Standing Liquidity Facilities for
Software Cost Amortization Rules for UCBs
RBI mandates UCBs to amortize software costs over three years using straight-line method at 33.33% annually, effective J
RBI Relaxes Prior Public Notice Norms for NBFC Change in Control
RBI has relaxed prior public notice requirements for NBFCs undergoing change in control/management. For mergers/amalgama
Branch Authorisation Policy: Consolidated Approvals & One-Year Validity
RBI now issues a consolidated authorization letter for all new branch openings, valid for one year. Banks no longer need
ECB Access for Multi-State Co-operative Societies
RBI now allows Multi-State Co-operative Societies engaged in manufacturing to raise External Commercial Borrowings under
Exim Bank's $10 Million Line of Credit to Absolut Bank, Russia
RBI notified a $10 million Exim Bank line of credit to Absolut Bank, Russia, effective Dec 15, 2005, for financing eligi
SEFC Scheme: Strategic Alliance for SSI Credit Flow
RBI advises Urban Co-operative Banks to leverage the Small Enterprises Financial Centres (SEFC) scheme, a strategic alli
RBI Auction of 7.37% 2014 & 10.25% 2021 Govt Stocks on June 6, 2005
RBI will auction Rs 6,000 crore of 7.37% Government Stock 2014 and Rs 4,000 crore of 10.25% Government Stock 2021 on Jun
Exim Bank's $26.8M Line of Credit to Cote d'Ivoire
RBI notifies AD banks of Exim Bank's USD 26.8 million line of credit to Cote d'Ivoire for Indian exports of buses and ag
RRBs Must Offer Trilingual Banking Forms and Brochures
RBI advises all Regional Rural Banks to provide account opening forms, pay-in-slips, passbooks, and other retail custome
RBI's Kisan Credit Card Directions for Commercial Banks (Effective Jan 1, 2027)
RBI issued the Reserve Bank of India [Commercial Banks - Kisan Credit Card (KCC) Scheme] Directions, 2026, applicable to
RBI Issues KCC Scheme Directions for Small Finance Banks, Effective January 2027
RBI has issued formal directions for Small Finance Banks under the Kisan Credit Card Scheme, effective January 01, 2027.
RBI's 2026 KCC Directions for Rural Co-operative Banks
RBI issued the Rural Co-operative Banks - Kisan Credit Card (KCC) Scheme Directions, 2026, effective January 01, 2027, c
March 2006 Residual Transaction Closure: Special Reporting for Agency Banks
RBI sets April 15, 2006 as the closure date for residual March 2006 transactions. Agency banks must use special messenge
LAF Repo: Stricter SGL Transfer Deadlines from Feb 27
RBI mandates that LAF/SLAF repo bidders must fax intent to transfer securities to RC SGL by 11:30 AM (LAF) or 4:30 PM (S
Uniform Reference Rate for NRE/FCNR(B) Deposits via FEDAI-Published LIBOR/SWAP
RBI directs FEDAI to quote/display LIBOR/SWAP rates for NRE/FCNR(B) deposits from Feb 2006, ending bank-by-bank rate var
RBI Directs Banks to Overhaul Export Credit for SMEs
RBI advises banks to improve export credit for SMEs by raising all queries at once, avoiding collateral where possible,
UCBs Banned from Crediting Account Payee Cheques to Third Parties
RBI prohibits Urban Co-operative Banks from crediting proceeds of account payee cheques to any account other than the na
UCB Credit Exposure: Term Loan Outstanding Now Counts
RBI now allows urban co-operative banks to use the outstanding amount (not the sanctioned limit) for fully drawn term lo
Real Estate Lending: Clearances Before Disbursement
RBI mandates banks to disburse real estate loans only after borrowers obtain all required government clearances, though
UCBs: Preferential Margins for Hallmarked Gold Loans
RBI advises Urban Co-operative Banks to offer preferential margins and interest rates on loans against hallmarked gold j
RBI Permits Intra-Day Short Selling in Government Securities
RBI now allows banks and primary dealers to short-sell central government securities intra-day on NDS-OM, provided posit
RBI Guidelines for Banks as Primary Dealers (2006)
RBI allows scheduled commercial banks (excluding RRBs) to apply for Primary Dealership if they meet criteria: minimum NO
RRBs: Preferential Margins for Hallmarked Gold Loans
RBI advises RRBs to offer better margins and interest rates on loans against hallmarked gold jewellery, as hallmarking e
Project Offices: Foreign Currency Accounts & Remittances Liberalised
RBI now allows AD banks to open foreign currency accounts for Project Offices under conditions, and permits intermittent
Priority Sector Lending: Power Distribution Cos Now Eligible
RBI now allows loans to power distribution corporations formed from SEB restructuring to count as indirect agricultural
SLR Exemption for Small Urban Co-operative Banks
RBI grants limited SLR exemption to non-scheduled UCBs with single branch or branches within one district and deposits u
PMLA 2002 Compliance: Banks Must Report Cash & Suspicious Transactions
RBI circular (Feb 15, 2006) advises banks to comply with PMLA 2002 Rules notified July 1, 2005. Key obligations: maintai
RBI Cracks Down on Co-op Bank Investment Irregularities
RBI flags major investment portfolio lapses at StCBs/DCCBs based on NABARD review: missing half-yearly reviews, no inves
UCBs: SME Debt Restructuring Guidelines (2006)
RBI issued guidelines for urban co-operative banks to restructure SME debt, covering eligibility, viability, and prudent
Interest Relief for Farmers: Kharif & Rabi 2005-06 Crop Loans
Banks must credit a 2% interest relief on crop loans up to ₹1 lakh for Kharif and Rabi 2005-06 to farmers' accounts befo
New Banks Designated for PMNRF Collection
RBI has added nine banks with designated branches to collect PMNRF contributions, expanding the earlier list of twelve b
Simplified KYC for Small Accounts at NBFCs
RBI allows NBFCs to open accounts with simplified KYC for customers unable to produce standard documents, provided total
RBI Revamps Authorised Person Categories: New AD Category-II for Non-Banks
RBI has created a new Authorised Dealer Category-II, allowing upgraded FFMCs, select RRBs, UCBs, and other entities to s
PMLA 2002 Compliance: Transaction Record-Keeping for Co-op Banks
RBI mandates co-operative banks to comply with PMLA 2002 provisions from July 1, 2005. Banks must record cash transactio
Bank of Punjab removed from RBI Schedule II
RBI removed Bank of Punjab Limited from the Second Schedule of the RBI Act, 1934, effective October 1, 2005. This means
Centurion Bank Renamed in RBI Second Schedule
RBI notified that Centurion Bank Limited's name changed to Centurion Bank of Punjab Limited in the Second Schedule to th
RBI advises printing IFSC on cheques for RTGS/NEFT accuracy
RBI advises all scheduled commercial banks to print the IFSC code on cheques, just above the MICR band, to reduce routin
RRBs get one-year extension on SLR securities MTM exemption
RBI has extended the exemption for RRBs from mark-to-market norms on SLR securities by one more year, covering FY 2006-0
UCB Investment Classification: Special HTM Shift & Valuation Relief
RBI allows UCBs a one-time extra shift of securities to HTM by March 31, 2006, and changes provisioning for transfers to
LC Bill Discounting: Risk Weight Shift to Issuing Bank
RBI circular dated March 24, 2006 treats clean (non-reserve) LC bill discounting as exposure on the LC issuing bank, not
RBI Liberalises Overseas Investment Rules for Indian Corporates
RBI has expanded automatic route for guarantees (corporate, personal, collateral) by Indian entities for overseas JVs/WO
Currency Chest Facility for UCBs: Eligibility Norms
RBI now allows scheduled UCBs meeting strict norms—net worth Rs 200 crore, CRAR 12%, net NPA under 10%, three years prof
Exim Bank's $33.5 Million Line of Credit to DR Congo
RBI notified that Exim Bank has extended a US$ 33.5 million Line of Credit to DR Congo for financing Indian exports of b
Exim Bank's $60 mn Line of Credit to Ghana
RBI notifies AD banks of Exim Bank's $60 mn LOC to Ghana for rural electrification and presidential office projects. Exp
Exim Bank USD 5 Mn Line of Credit to PTA Bank
RBI notified a USD 5 million Exim Bank line of credit to PTA Bank for financing Indian exports to 17 Eastern/Southern Af
Year-End Tax Collection: Extended Banking Hours on March 31, 2006
RBI directs agency banks to extend hours on March 31, 2006, for tax receipts. Special clearing must be arranged, and pre
PMLA Compliance: New Obligations for RRBs (2006)
RBI mandates RRBs to comply with PMLA 2002 Rules from July 1, 2005. Key obligations: maintain records of cash transactio
RBI flags errors in banks' Annual Information Returns under Section 285BA
RBI has flagged widespread data quality issues in Annual Information Returns (AIRs) filed by agency banks for FY 2004-05
PMRY 2006-07 Targets and Recovery Focus
RBI sets a national PMRY target of 3,84,340 beneficiaries for 2006-07. States with loan recovery below 30% (as per half-
6.5% Savings Bonds 2003: Premature Encashment Rules Clarified
RBI clarifies premature encashment rules for 6.5% Savings Bonds 2003 (Non-Taxable). Investors can fully encash after 3-y
Revised Annual Reporting for Non-SSI Sick/Weak Units (Effective from period ending March 31, 2006)
RBI has revised the annual return format for Non-SSI sick/weak industrial units, effective from March 31, 2006. Banks mu
ESOP Liberalisation & Overseas Investment Reporting
RBI has liberalised ESOP remittances: AD banks can now allow ESOP acquisitions via trusts/SPVs/step-down subsidiaries, i
Revised Monthly Return Format for Large NBFCs (Non-Public Deposit)
RBI has revised the monthly return format for NBFCs with assets of Rs. 100 crore and above that do not accept public dep
RBI Cracks Down on Multiple Bond Ledger Accounts
RBI has directed banks to stop opening multiple Bond Ledger Accounts (BLAs) for the same investor in Relief/Savings Bond
Revised Underwriting & Liquidity Support for PDs
RBI replaced the bidding commitment scheme for Primary Dealers with a two-part underwriting commitment: Minimum Underwri
RNBC Directed Investments: Clarification on Incremental ALD
RBI corrected a prior circular on RNBC directed investments by removing the phrase 'i.e. incremental ALD' from paragraph
RBI removes 25 bps deduction from LIBOR/SWAP ceiling for FCNR(B) deposits
RBI has removed the 25 basis points deduction from LIBOR/SWAP rates for FCNR(B) deposits contracted effective close of b
RBI raised remittance limits for overseas branch expenses (2006 circular)
RBI increased permissible remittance limits for Indian entities setting up branches abroad: initial expenses up to 10% o
RBI Extends Export Credit Interest Rate Ceiling Up to October 31, 2006
RBI has extended the existing interest rate ceiling on rupee export credit—BPLR minus 2.5%—for pre-shipment (up to 180 d
RBI Hikes Export Credit in Foreign Currency Ceiling by 25 bps
RBI raised the ceiling on export credit in foreign currency from LIBOR + 75 bps to LIBOR + 100 bps, effective April 18,
RBI Raises NRE Term Deposit Rate Ceiling to LIBOR/SWAP+100 bps
RBI increased the maximum interest rate on NRE term deposits (1-3 years) from LIBOR/SWAP plus 75 bps to plus 100 bps, ef
RBI Hikes NRE Deposit Rate Cap for UCBs to LIBOR+100 bps
RBI raised the maximum interest rate on fresh NRE term deposits (1-3 years) for Urban Co-operative Banks to LIBOR/SWAP p
Credit Cards to Directors: Section 20 Exemption
RBI exempts credit card limits for bank directors from Section 20 of the Banking Regulation Act, 1949, provided the bank
RBI Hikes NRE Deposit Rate Ceiling to LIBOR+100 bps
RBI raised the NRE term deposit rate ceiling from LIBOR/SWAP+75 bps to +100 bps for 1-3 year maturities, effective from
UCBs: Risk Weight on LC Bills Revised
RBI now treats clean bills discounted under LC as exposure on the LC issuing bank, not the borrower, with inter-bank ris
RBI Raises Export Credit Ceiling to LIBOR + 100 bps
RBI has increased the ceiling rate on export credit in foreign currency from LIBOR + 75 bps to LIBOR + 100 bps, effectiv
March 2006 Residual Transactions: Extended Closure Date
RBI extended the closure date for residual March 2006 transactions under the government dues collection scheme from Apri
SCSS Account Transfer Fee Rules Amended
RBI forwarded Government of India's March 2006 amendment to Senior Citizens Savings Scheme Rules, 2004, regarding transf
UCBs: Risk Weight on CRE Exposures Hiked to 150%
RBI raised risk weight on UCBs' commercial real estate exposures from 125% to 150%, effective June 2006, citing rapid cr
RBI Introduces Star Series Numbering for Defective Notes
RBI is replacing defectively printed banknotes with Star Series notes (Rs.10, 20, 50) featuring a * in the number panel.
PMRY Loan Cut-Off Extended for 5 States/UT
RBI extends PMRY loan sanction and disbursement cut-off for Assam, Kerala, Tamil Nadu, West Bengal, and Pondicherry from
RBI keeps interest rate on delayed govt remittances at 8%
RBI has maintained the 8% interest rate on delayed remittances and excess/double reimbursement for government accounts,
RRBs Allowed to Market Mutual Fund Units as Agents
RBI now permits Regional Rural Banks to market mutual fund units as agents, with board approval and strict conditions—no
RBI Revises Agency Commission for Government Business
RBI has revised agency commission rates for banks conducting government business, effective July 1, 2005. The key change
Ban on Crediting Account Payee Cheques to Third Parties
RBI prohibits StCBs, DCCBs, and RRBs from crediting account payee cheque proceeds to any account other than the payee's,
UCB ATM Setup Norms Relaxed: New Eligibility & Approval Routes
RBI has relaxed ATM installation norms for Urban Co-operative Banks (UCBs). Eligible UCBs with minimum deposits of Rs 10
Exim Bank's $50.4M Line of Credit to Fiji Sugar Corporation
RBI notifies AD banks about Exim Bank's USD 50.40 million Line of Credit to Fiji Sugar Corporation for financing Indian
CRR Floor Removed, Exemptions Continue at 5%
RBI removed the statutory minimum CRR of 3% on June 22, 2006, giving itself power to set CRR without floor or ceiling. T
UCBs advised to consider aligning loan policies with National Building Code of India 2005
RBI advises Urban Co-operative Banks to consider adopting National Building Code of India 2005 guidelines in their lendi
Higher Standard Asset Provisioning for UCBs on Select Sectors (including housing loans above Rs.20 lakh)
RBI raised general provisioning on standard advances in personal loans, capital market exposures, commercial real estate
RRB Branch Licensing and Forex Business Liberalised
RBI simplified branch licensing for RRBs: Empowered Committees now clear branch openings and foreign exchange business (
Exim Bank's $27.7 mn Line of Credit to Mali and Senegal
RBI notifies AD banks of Exim Bank's $27.7 mn LOC to Mali ($20.62 mn) and Senegal ($7.08 mn) for Indian exports of railw
Exim Bank's $27 Million Line of Credit to Senegal
RBI notifies AD banks of Exim Bank's $27 million line of credit to Senegal for irrigation project exports. Letters of cr
Standing Liquidity Facility Rate Hiked to 6.75%
RBI raised the fixed repo rate under LAF to 6.75% effective June 9, 2006. Consequently, standing liquidity facilities fo
RBI Bans FX Swaps on Innovative Tier I/II Bonds
RBI has prohibited banks from using derivative swaps to convert fixed-rate rupee liabilities on Innovative Tier I/II bon
Lead Bank assigned for new Punjab district
RBI assigned Punjab National Bank as Lead Bank for the new Sahibzada Ajit Singh Nagar district in Punjab, as per circula
PMRY Milch Animal Disbursement Deadline Extended to Nov 30, 2006
RBI extends the cut-off date for completing disbursements under PMRY for purchase of milch animals (Programme Year 2005-
State Govt Bodies Can Now Open SB Accounts for Grants
RBI now allows banks to open savings bank accounts for State Government departments/bodies/agencies receiving grants/sub
Rupee Value of Special Currency Basket Revised to Rs. 58.6627
RBI has revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile U
Capital Market Exposure Norms Rationalized
RBI rationalized capital market exposure norms for banks, setting aggregate exposure at 40% of net worth (solo/consolida
Horticulture Boards of all States/UTs join SLBCs/UTLBCs permanently
RBI mandates permanent inclusion of Horticulture Boards of all States/Union Territories in respective SLBCs/UTLBCs to bo
Master Circular on NRO Accounts: Key Rules for Banks (July 1, 2006)
RBI consolidated NRO account rules into a single Master Circular (July 1, 2006). Key points: NRIs/PIOs can remit up to U
RBI seeks data for National ECS rollout (2006)
RBI asked banks for branch/CBS details to design a nationwide ECS with centralized data submission, replacing the existi
RBI eases AML rules for money changers: higher cash limits, relaxed ID norms
RBI has relaxed Anti-Money Laundering (AML) guidelines for Authorised Money Changers (AMCs). Cash payment limit for fore
CRR Exemption for UCBs on Interbank and CBLO Liabilities
RBI removed the 3% statutory minimum CRR floor for Scheduled Urban Co-operative Banks, effective June 22, 2006. CRR rema
CRR Floor Removed for Urban Co-op Banks; Rate Unchanged at 5%
RBI has removed the statutory minimum CRR of 3% for scheduled urban co-operative banks, effective June 22, 2006. The CRR
CRR Floor Removed for StCBs and RRBs; Rate Unchanged at 5%
RBI has removed the statutory minimum CRR of 3% for StCBs and RRBs effective June 22, 2006. The CRR rate remains at 5% o
CRR Exemption for StCBs and RRBs on Select Liabilities
RBI removed the 3% statutory minimum CRR floor for StCBs and RRBs, allowing flexible CRR setting. The CRR rate remains a
RRBs Advised to Consider National Building Code for Loan Policies
RBI advises Regional Rural Banks to consider incorporating National Building Code (NBC) of India 2005 specifications int
CRR Floor Removed, Status Quo Maintained at 5%
RBI has removed the statutory minimum CRR of 3% effective June 22, 2006, giving itself full flexibility to set CRR witho
Exim Bank's USD 2.1 Mn Line of Credit to Guyana
RBI notified AD Category-I banks about Exim Bank's USD 2.10 million line of credit to Guyana for a traffic signalling pr
UCBs: Property Valuation & Valuer Empanelment Norms
RBI mandates UCBs to adopt a Board-approved policy for property valuation, use independent valuers, and obtain two valua
Lead Bank for New Barnala District in Punjab
RBI assigns State Bank of Patiala as Lead Bank for the newly formed Barnala district in Punjab, carved from Sangrur. No
Exim Bank's USD 10 mn Line of Credit to Colombia's Bancoldex
RBI notifies AD Category-I banks of Exim Bank's USD 10 million line of credit to Bancoldex, Colombia, for financing elig
RBI eases project and service export rules
RBI has simplified rules for project and service exporters: inter-project machinery transfers no longer require market v
NBFCs: Floating Charge on Liquid Assets via Trust Deed
RBI permits NBFCs accepting/holding public deposits to create a floating charge on statutory liquid assets via a trust d
Cheque Drop Box: Customer Choice Must Be Respected
RBI mandates that banks cannot force customers to use cheque drop boxes; counter service with acknowledgement must alway
Relief for Debt-Stressed Farmers: UCBs Must Waive Interest & Reschedule Loans
RBI directs Urban Co-operative Banks in 25 districts of Andhra Pradesh, Karnataka, and Kerala to waive entire overdue in
Cheque Drop Box: Customer Choice Must Be Respected
RRBs cannot force customers to use cheque drop boxes. Counter acceptance with acknowledgement must always be available.
Foreign Investment in Securities Market Infrastructure Companies
RBI now allows foreign investment up to 49% in stock exchanges, depositories, and clearing corporations, with separate c
LRS Limit Raised to USD 50,000 per Financial Year
RBI has increased the Liberalised Remittance Scheme limit for resident individuals from USD 25,000 per calendar year to
RBI Cuts NRE Deposit Rate Ceiling by 50 bps for Co-op Banks
RBI reduced the maximum interest rate on fresh NRE term deposits (1-3 years) for StCBs and DCCBs to LIBOR/SWAP plus 50 b
RBI Cuts NRE Deposit Rate Ceiling for UCBs, Caps Loans Against NRE Deposits
RBI reduced the NRE term deposit rate ceiling for UCBs to LIBOR/SWAP plus 50 bps (from plus 100 bps) effective Jan 31, 2
RBI Tightens ADR/GDR Voting Rules for Banks
RBI now requires banks issuing ADRs/GDRs to submit their Depository Agreements and give an undertaking that depositories
RBI mandates fair bank charges framework
RBI accepted a Working Group report with certain modifications to ensure reasonableness of bank charges. Banks must iden
Clean Note Policy: Ban on Stapling and Writing on Notes
RBI directs all co-operative banks to stop stapling note packets, use paper bands instead, sort notes into re-issuable a
RBI caps loans against NRE/FCNR deposits at Rs 20 lakh
RBI prohibits banks from granting fresh loans or renewing existing loans exceeding Rs 20 lakh against NR(E)RA or FCNR(B)
RBI Cuts NRE and FCNR(B) Deposit Rate Ceilings
RBI reduced NRE term deposit rate ceiling to LIBOR/SWAP plus 50 bps (from plus 100 bps) and FCNR(B) ceiling to LIBOR/SWA
RBI Hikes Standard Asset Provisions & Risk Weights (Jan 2007)
RBI raised standard asset provisioning from 1% to 2% for personal loans (including credit card receivables), capital mar
Standing Liquidity Facilities Rate Hiked to 7.50%
RBI raised the fixed repo rate under LAF to 7.50% effective immediately. Standing Liquidity Facilities for banks (export
Repo Rate Hiked 25 bps to 7.50%, Reverse Repo Unchanged
RBI raised the fixed repo rate by 25 bps to 7.50% effective from the second LAF on January 31, 2007, while keeping the r
Ganesh Bank of Kurundwad Removed from RBI Schedule II
RBI excluded The Ganesh Bank of Kurundwad Ltd from the Second Schedule of the RBI Act, 1934, effective 21 October 2006.
Lead Bank Responsibility for New Assam Districts Assigned to SBI
RBI assigns Lead Bank responsibility for three new Assam districts—Udalguri, Chirang, and Baksa—to State Bank of India,
RBI tightens soiled note remittance tolerance to 5%
RBI has reduced the permissible soiled note mix in currency chest remittances from 10% to 5%, effective immediately. Ban
RBI Cuts NRE Deposit Rate Ceiling for 1-3 Year Deposits to LIBOR+50 bps
RBI reduced the maximum interest rate on fresh NRE term deposits for 1-3 year maturity from LIBOR/SWAP plus 100 bps to p
FII Forward Cover Rebooking: 2% of Portfolio Value Allowed
RBI now permits FIIs to rebook cancelled forward contracts up to 2% of their equity/debt portfolio's market value at the
Repayment of 8% Relief Bonds, 2002 – Agency Bank Instructions
RBI instructs agency banks to start repaying 8% Relief Bonds, 2002 from March 1, 2007. Banks must send maturity advices
Exim Bank's USD 20 mn LOC to Mozambique for electrification
RBI notified AD Category-I banks about Exim Bank's USD 20 million line of credit to Mozambique for Gaza province electri
RBI Cuts FCNR(B) Deposit Rate Ceiling by 25 bps and NR(E)RA by 50 bps
RBI reduced the FCNR(B) deposit interest rate ceiling to LIBOR/SWAP minus 25 bps, effective from close of business on Ja
Revised Penalty on Delayed Government Remittances
RBI has revised delayed remittance interest for government receipts from Jan 1, 2007. For transactions of Rs.1 lakh and
RBI Lifts Advance Remittance Cap for Rough Diamond Imports
RBI now allows AD Category-I banks to process unlimited advance remittances for rough diamond imports from six named min
RRBs: CRR Exemption on Select Liabilities Withdrawn
RBI withdrew its June 2006 circular exempting RRBs from maintaining average CRR on certain liabilities. However, RRBs re
RRB CRR Maintenance: Rates, Interest, and Penalty Exemption
RBI mandates RRBs to maintain CRR at 5.75% from Feb 17, 2007, and 6.00% from Mar 3, 2007, with interest on eligible bala
CRR Maintenance for Urban Co-op Banks: March 2007 Update
RBI mandates Scheduled Primary (Urban) Co-operative Banks to maintain CRR at 5.75% from the fortnight beginning Feb 17,
CRR Floor/Ceiling Retained; Rate Hiked to 6%
RBI retains CRR floor at 3% and ceiling at 20% as Section 3 of the Amendment Act is not notified. Effective CRR raised t
CRR Exemption on Select Liabilities Withdrawn, New Norms Effective
RBI withdrew its June 2006 circular exempting certain liabilities from CRR, but kept exemptions for inter-bank liabiliti
RBI Liberalises Export-Import Rules for AD Banks
RBI has eased export realisation timelines, removed the USD 1 million cap on invoice value for extensions beyond six mon
NBFCs Told to Check Foodgrain Hoarding via Bank Finance
RBI directs systemically important NBFCs (asset size ≥ ₹100 crore) to scrutinize large exposures for foodgrain procureme
Disclosure of Complaints and Ombudsman Awards with Financial Results
Banks must now place a complaint analysis before their Board and disclose complaint data and unimplemented Banking Ombud
RBI Issues Separate Prudential Norms for Deposit & Non-Deposit NBFCs
RBI replaced the 1998 Prudential Norms with two separate directions for deposit-taking and non-deposit-taking NBFCs, eff
FY07 March Govt Dues: Special Collection & Reporting
RBI sets April 16, 2007 as the residual transaction closure date for March 2007 government dues. Agency banks must use s
RBI Doorstep Banking Guidelines 2007
RBI issued general principles for doorstep banking services, allowing banks to offer cash/instrument pickup and delivery
RBI Bans UCB Loans for Kisan Vikas Patra Purchases
RBI has prohibited Primary (Urban) Co-operative Banks from sanctioning loans for acquiring Kisan Vikas Patras (KVPs) or
RBI Doubles Service Charge for Non-Chest Bank Cash Deposits
From April 1, 2007, currency chest banks can charge Rs. 2 per note packet (100 pieces) for cash deposited by non-chest b
RBI Prohibits Loans for Acquisition of Kisan Vikas Patras (KVPs) and Other Small Savings Instruments
RBI has directed all scheduled commercial banks (excluding RRBs) to stop lending for acquiring Kisan Vikas Patras (KVPs)
RBI Clarifies Extraordinary Circumstances for Floating Provisions Use
RBI clarifies that floating provisions can only be used for specific provisions in extraordinary, non-recurring losses—n
UCB Directors Can Now Get Loans Against Own FDs and LIC Policies
RBI has relaxed rules to allow directors of Primary Urban Co-operative Banks and their relatives to take loans against t
UCBs: Scheme for Reasonable Bank Charges
RBI accepted a Working Group's recommendations to ensure fair bank charges for basic services. Urban co-operative banks
United Western Bank removed from RBI Second Schedule
RBI excluded The United Western Bank Ltd from the Second Schedule of the RBI Act, 1934, effective November 25, 2006. Thi
Prudential Limits on Inter-Bank Liabilities
RBI caps inter-bank liabilities at 200% of networth (300% if CRAR ≥ 11.25%) from April 1, 2007. Banks must manage liabil
RBI Expands Fair Practices Code to All Loans
RBI now requires banks to disclose all fees, charges, and prepayment options on every loan application form, and to prov
CRR Maintenance and Interest for StCBs – March 2007
RBI directs Scheduled State Co-operative Banks to maintain CRR at 5.75% from Feb 17, 2007 and 6.00% from Mar 3, 2007. In
CRR Exemption for StCBs on Interbank and CBLO Liabilities
RBI withdrew its June 2006 circular but kept the CRR exemption for Scheduled State Co-operative Banks on interbank liabi
LAF Modified: Daily Reverse Repo Capped at Rs 3,000 Crore
RBI caps daily reverse repo absorption at Rs 3,000 crore from March 5, 2007, with Rs 2,000 crore in First LAF and Rs 1,0
RBI Tweaks CRR/SLR Rules for Small Finance Banks – Third Amendment Directions, 2026 (June 19, 2026)
RBI issued the Third Amendment Directions, 2026 on June 19, 2026, exempting NRE term deposits of 3+ years mobilized from
RBI Exempts Fresh NRE Term Deposits of 3+ Years from CRR/SLR for UCBs (June 19, 2026)
RBI issued the Third Amendment Directions, 2026 for Urban Co-operative Banks, exempting fresh NRE term deposits of three
Lead Bank Role Extended for J&K Bank in Four Districts
RBI extended J&K Bank's temporary lead bank responsibility for Anantnag, Budgam, Pulwama, and Srinagar districts until M
SCSS Broken Period Interest Calculation Revised
RBI clarifies revised formula for calculating interest on SCSS accounts for broken periods (less than a quarter), effect
RBI Bans Loans for Kisan Vikas Patras
RBI has directed all StCBs/DCCBs to stop lending for Kisan Vikas Patras (KVPs) and other small savings instruments. Such
Year-End Govt Account Closing: Special Measures for FY 2006-07
RBI directs agency banks to extend banking hours from March 26-31, 2007, keep counters open on March 31 even if a holida
State Govt Account Settlement: New T+3/T+5 Timelines & Interest
RBI mandates uniform T+3 (local) and T+5 (outstation) working-day settlement for State Government transactions from Apri
Agency Commission for PPF and SCSS Transactions Revised
RBI will pay agency commission for PPF and SCSS transactions at revised rates: Rs.45 per receipt and 9 paise per Rs.100
RBI Reiterates: Don't Reject Cheques with Paise Fractions
RBI has reinforced that banks must not reject or dishonour cheques/drafts containing fractions of a rupee, following a G
CRR hike for StCBs: 50 bps in two stages from April 2007
RBI raised CRR for Scheduled State Co-operative Banks by 50 bps to 6.50% in two fortnights starting April 14, 2007. Inte
Exim Bank's USD 25 mn Line of Credit to Guinea Bissau
RBI notifies AD Category-I banks of Exim Bank's USD 25 million Line of Credit to Guinea Bissau for electricity, food pro
RBI revises MSME definitions under MSMED Act 2006
RBI has issued a circular implementing the MSMED Act 2006, introducing new investment-based definitions for micro, small
CRR Hiked by 50 bps in Two Stages from April 2007
RBI raised CRR by 50 bps to 6.50% in two fortnightly stages starting April 14, 2007, and cut interest on eligible cash b
NBFCs must add deposit disclaimer in TV ads
RBI now mandates that all deposit-taking NBFCs (excluding RNBCs) include a specific disclaimer in electronic media ads (
RBI Cracks Down on Export Advance Guarantee Arbitrage
RBI warns banks against issuing guarantees for export advances used in interest rate arbitrage and forex speculation. Ba
KCC Term Loan Reporting Now Quarterly
RBI shifts KCC term loan progress reporting from monthly to quarterly. Banks must submit reports within 15 days of quart
Standing Liquidity Facilities Rate Revised to 7.75%
RBI revised the fixed repo rate under LAF to 7.75% from March 31, 2007. Standing liquidity facilities for banks (export
RBI bans loans for Kisan Vikas Patra purchases
RBI has directed all Regional Rural Banks to stop lending for buying Kisan Vikas Patras (KVPs) and other small savings i
SDLs Now Eligible as Collateral for LAF Repos
From April 3, 2007, State Development Loans (SDLs) become eligible securities for LAF Repos. Banks and Primary Dealers c
RBI Mandates Full Originator Info on Wire Transfers
RBI now requires all cross-border wire transfers to include originator name and address, and account number if an accoun
Infra Project NPA Norms: Time Overrun Relaxed to 1 Year
RBI extended the sub-standard asset trigger for infrastructure projects from 6 months to 1 year past the original comple
RBI Extends Export Credit Interest Rate Ceiling Till Oct 2007
RBI has extended the existing interest rate ceiling on rupee export credit—BPLR minus 2.5%—for pre-shipment (up to 180 d
Nomination Must for Single Deposit Accounts: RBI Guidelines
RBI directs banks to insist on nomination for single deposit accounts. If declined, banks must explain benefits, obtain
RRBs Must Accept Cheques with Fractional Rupees
RBI mandates all Regional Rural Banks to accept cheques and drafts containing fractions of a rupee, following a Gujarat
Nomination Must for Single Deposit Accounts: RBI Guidelines
RBI now mandates banks to insist on nomination for single deposit accounts. If a customer declines, banks must explain b
Export Refund Liberalisation for Poor Quality Goods
AD Category-I banks can now process refunds for export proceeds on poor-quality goods being re-imported, without requiri
Exim Bank USD 7.5 mn LOC to Jamaica for Water Pumps
RBI notifies AD Category-I banks about Exim Bank's USD 7.50 million line of credit to the Government of Jamaica for fina
FEMA Current Account Rules Amended: Schedule Labels Updated
RBI notifies amendments to FEMA Current Account Transaction Rules, effective July 28, 2005, updating Schedule I and II h
RRB CRR Hiked 50 bps in Two Stages from April 2007
RBI raised RRB CRR by 50 bps to 6.50% in two stages from April 14 and April 28, 2007, and cut interest on eligible cash
CRR Exemption on Select Liabilities from April 2007
From April 1, 2007, scheduled commercial banks no longer need to maintain CRR on liabilities to the banking system, ACU
CRR Floor Removed, RBI Gains Full Flexibility
RBI removed the statutory 3% CRR floor effective April 1, 2007, giving itself full discretion to set CRR without any cei
Nomination Must for Single Deposit Accounts at UCBs
RBI directs UCBs to insist on nomination for single deposit accounts. If declined, banks must explain benefits and obtai
Protected Disclosures Scheme for Pvt & Foreign Banks
RBI introduces a whistleblower scheme for private and foreign banks, mirroring the CVC framework for public sector. Bank
RBI Updates MSME Definition for Urban Co-operative Banks
RBI aligns UCB lending with the MSMED Act 2006, revising investment thresholds for micro, small, and medium enterprises.
RBI Tightens Segment Reporting: Retail & Wholesale Split Mandated
From March 31, 2008, banks must split the 'Other Banking Business' segment into Corporate/Wholesale Banking, Retail Bank
Daily Reporting for FCNR(B), ECB, OFCB Under RBI Swap Facility
AD Category-I banks must submit daily data on FCNR(B) deposits, ECBs, and OFCBs raised under the new swap facility by 6
Rupee Export Credit Interest Rates Extended Till Oct 2007
RBI extended the validity of existing rupee export credit interest rate ceilings (BPLR minus 2.5%) from May 1 to October
RBI Tightens Safe Deposit Locker Norms: New Rules for Banks
RBI has issued consolidated guidelines on safe deposit lockers, banning the linking of locker allotment to fixed deposit
Exim Bank's USD 11 mn LOC to Senegal for Indian exports
RBI notifies AD Category-I banks about Exim Bank's USD 11 million line of credit to Senegal for financing Indian exports
Nomination Must for Single Deposit Accounts: RBI Tightens Rules
RBI now insists banks push nomination for all single-name deposit accounts. If a customer refuses, banks must explain be
CRR Rules for RRBs: Floor Removed, Rates Unchanged
RBI removed the statutory 3% CRR floor for RRBs from April 1, 2007, and can now prescribe CRR without any floor or ceili
Quarterly Reporting Mandate for SCs/RCs under SARFAESI Act
RBI mandates all registered Securitisation Companies/Reconstruction Companies to submit quarterly statements (SCRC 1 & S
RBI Hikes NBFC Deposit Rate Ceiling to 12.5%
RBI raised the maximum interest rate NBFCs (excluding RNBCs) can pay on public deposits from 11% to 12.5% per annum, eff
RBI Cuts NRE and FCNR(B) Deposit Rate Ceilings by 50 bps
RBI reduced NRE term deposit rate ceiling from LIBOR/SWAP plus 50 bps to LIBOR/SWAP rates, and FCNR(B) deposit ceiling f
CRR Exemption for Scheduled State Co-operative Banks
From April 1, 2007, Scheduled State Co-operative Banks are exempt from maintaining CRR on liabilities to the banking sys
CRR Floor Removed for StCBs; Rates Hiked to 6.50%
RBI removed the statutory 3% CRR floor for Scheduled State Co-operative Banks from April 1, 2007, allowing flexible CRR
RBI Puts Overseas Borrowing Liberalisation on Hold
RBI has deferred operationalising a policy that would have allowed AD Category-I banks to borrow overseas up to 50% of T
RBI Revises FC-GPR Form for FDI Reporting
RBI has revised Form FC-GPR for FDI reporting, effective immediately. Indian companies must now file Part A via AD Categ
Uniform Accounting for HTM Bond Premium Amortisation
RBI mandates uniform accounting for amortising premium on HTM securities: deduct amortised amount in Schedule 14 under '
Overseas Direct Investment Rules Rationalised
RBI has rationalised overseas investment rules: acquisition of shares of a foreign company by swap of shares of an India
RBI mandates independent compliance function in banks
RBI has issued final guidelines requiring all scheduled commercial banks (excluding RRBs) to establish a robust, indepen
Comprehensive Guidelines on Derivatives for Banks
RBI issued comprehensive guidelines on derivatives for banks, based on an internal group review and public feedback. The
Reporting of FCNR(B), ECB, OFCB Under RBI Swap Facility
RBI has issued a notification on reporting requirements for FCNR(B) deposits, ECB, and OFCB raised under its swap facili
RBI Cuts NRE Deposit Rate Ceiling to LIBOR/SWAP
RBI reduced the NRE term deposit interest rate ceiling from LIBOR/SWAP plus 50 bps to LIBOR/SWAP for 1-3 year maturities
RBI Cuts NRE Deposit Rate Ceiling to LIBOR/SWAP for RRBs
RBI reduced the maximum interest rate on fresh NRE term deposits (1-3 years) for RRBs from LIBOR/SWAP plus 50 bps to jus
RBI Cuts NRE Deposit Rate Ceiling for UCBs to LIBOR/SWAP
RBI has slashed the interest rate ceiling on fresh NRE term deposits for Urban Cooperative Banks from LIBOR/SWAP plus 50
RBI Mandates Acceptance of Small Denomination Notes and Coins
RBI has directed all banks to ensure branches and staff accept small denomination notes and coins without refusal, follo
Exim Bank's USD 48 Million Line of Credit to Sudan
RBI notifies AD Category-I banks of Exim Bank's USD 48 million LOC to Sudan for financing eligible projects. Banks must
RRBs Exempted from CRR on Certain Liabilities from April 2007
From April 1, 2007, RRBs no longer need to maintain CRR on liabilities to the banking system and CBLO transactions with
CRR for UCBs: No Floor/Ceiling, Interest Stopped
RBI removed the statutory 3% CRR floor for Urban Co-operative Banks effective April 1, 2007, and can now set CRR without
CRR Exemption for UCBs on Certain Liabilities from April 2007
From April 1, 2007, Scheduled Urban Co-operative Banks are exempt from maintaining CRR on liabilities to the banking sys
Foreign Currency Accounts for Ship-Manning Agencies
RBI now allows AD Category-I banks to let ship-manning/crew agencies open non-interest bearing foreign currency accounts
RBI raises consultancy remittance limit for infra projects to USD 10 mn
RBI has increased the automatic remittance limit for consultancy services procured from abroad by Indian companies execu
ECB Prepayment Limit Raised to USD 400 Million
RBI has increased the automatic prepayment limit for External Commercial Borrowings from USD 300 million to USD 400 mill
Pre-Incorporation Expense Remittance Liberalised
RBI now allows AD banks to remit up to 5% of investment brought in or USD 100,000 (whichever is higher) for pre-incorpor
Corporate Donation Remittances Liberalised: AD Banks Get More Flexibility
RBI now permits AD Category-I banks to process corporate donations for specified purposes (chairs, educational funds, te
Risk Weight Cut on Small Gold Loans for UCBs
RBI reduced risk weight on gold/silver loans up to Rs 1 lakh from 125% to 50% for UCBs, effective immediately. This lowe
Simplified Agricultural Loan Procedures: No Due Certificate Waived
RBI directs banks to stop demanding 'No Due' certificates for agricultural loans up to Rs.50,000 to small/marginal farme
Credit Flow Monitoring Expanded to 103 Minority Districts
RBI expands credit flow monitoring to minority communities from 44 to 103 districts with at least 25% minority populatio
RBI directs agency banks to enable e-payment for government departments
RBI has instructed all agency banks to actively support government departments in switching to electronic payments (ECS/
SCSS 2004: Interest Rate for Nominees on Depositor's Death
RBI clarifies that for SCSS 2004 accounts, if a depositor dies before maturity, the nominee or legal heir gets Savings B
Revised Priority Sector Lending Guidelines – April 2007
RBI revised priority sector lending guidelines effective immediately, incorporating the MSMED Act 2006 definition for mi
RBI Doubles LRS Limit to USD 100,000 for Resident Individuals
RBI raised the Liberalised Remittance Scheme limit from USD 50,000 to USD 100,000 per financial year for resident indivi
RBI Guidelines on Corporate Governance for NBFCs (2007)
RBI issued corporate governance guidelines for deposit-taking NBFCs with deposits ≥₹20 crore and systemically important
RRBs Get One-Year Extension on MTM Exemption for SLR Securities
RBI extends RRBs' exemption from mark-to-market norms for SLR securities by one year to FY 2007-08. RRBs can classify en
UCBs Can Now Sell Insurance as Corporate Agents with Lower Net Worth
RBI has lowered the net worth threshold for Urban Co-operative Banks to undertake insurance agency business as corporate
RBI Urges Banks to Scale Up IT-Enabled Financial Inclusion
RBI directs scheduled commercial banks to accelerate IT-enabled financial inclusion using smart cards and mobile tech, e
RBI Cracks Down on Usurious Interest Rates
RBI directs banks to stop charging excessive interest and fees on loans, especially small-value and personal loans. Boar
RBI asks banks not to deal with defaulted companies following Patna High Court order
RBI directs all banks to ensure no money transactions are allowed for companies listed as defaulted by the Patna High Co
Risk Weight on Housing Loans Reduced to 50% for UCBs
RBI temporarily cuts risk weight on individual housing loans from 75% to 50% for UCBs, applicable to loans up to Rs 20 l
RBI cuts risk weight on housing loans up to Rs 20 lakh to 50%
RBI reduced risk weight on housing loans up to Rs 20 lakh from 75% to 50%, effective May 2007. This lowers capital requi
RRBs Allowed to Sell All Insurance Products as Corporate Agents
RBI now permits Regional Rural Banks to act as corporate agents for all insurance products—including health and animal i
RBI Extends Relaxed NPA Norms for Urban Co-op Banks
RBI extends relaxed 180-day NPA norm for Tier-I UCBs till March 31, 2008 and defers 100% provisioning on D-III assets. T
RBI Allows VCFs to Invest Offshore Up to USD 500 Mn
RBI, with SEBI, now permits SEBI-registered Indian Venture Capital Funds to invest up to USD 500 million in equity/equit
Bharat Overseas Bank Ltd Removed from RBI Second Schedule
RBI excluded Bharat Overseas Bank Ltd from the Second Schedule of the RBI Act, 1934, effective April 1, 2007, under Sect
Revised Quarterly Branch Reporting for UCBs: NAIOs Included
RBI has revised quarterly branch reporting proformae for Urban Co-operative Banks to include Not Administratively Indepe
ACU Dollar Account Statements: Regular Issuance Mandated
RBI mandates AD Category-I banks to issue regular ACU Dollar account statements to foreign counterparties on a transacti
RRBs Must Accept Small Denomination Notes and Coins (2007 Circular)
RBI circular (2007) directs all Regional Rural Banks to accept small denomination notes and coins without refusal, follo
RBI allows credit to step-down subsidiaries abroad
RBI now permits Indian banks to extend funded/non-funded credit to wholly owned step-down subsidiaries of Indian compani
RBI bans gold import tie-ups with non-nominated entities
RBI has prohibited nominated banks from entering tie-up arrangements with any other entity, including non-nominated bank
NRD-CSR Reporting Upgraded to Version 3.0
RBI has upgraded the Non-Resident Deposits Comprehensive Single Return (NRD-CSR) to version 3.0, effective for data from
RBI revises branch categorisation reporting for AD Category-I banks
RBI mandates AD Category-I banks to report branch categorisation changes to DESACS via email with soft copies in prescri
Overseas Investment by SEBI-Registered VCFs
SEBI-registered domestic Venture Capital Funds can now invest in equity/equity-linked instruments of offshore VC underta
RBI Raises Mutual Fund Overseas Investment Cap to $4 Billion
RBI increased the aggregate ceiling for overseas investment by SEBI-registered Mutual Funds from USD 3 billion to USD 4
RBI Raises Forward Contract Deliverable Threshold to 75%
RBI has increased the threshold for deliverable-only forward contracts from 50% to 75% of eligible limits based on past
RRBs Must Now Include Originator Info in Wire Transfers
RBI mandates all RRBs to include originator name, address, and account number in cross-border wire transfers and domesti
RRBs Urged to Scale Up IT-Enabled Financial Inclusion
RBI directs RRBs to accelerate IT-driven financial inclusion using smart cards and mobile tech, ensuring secure, auditab
KYC/AML/CFT Norms for Wire Transfers – Co-operative Banks
RBI mandates that all wire transfers must carry accurate originator information. Cross-border transfers need full origin
Priority Sector Lending: Minority Communities Added to Weaker Sections
RBI now includes loans to notified minority communities under priority sector weaker sections. In states where a notifie
Co-op Banks: New Locker Rules on Allotment, Security & Unoperated Lockers
RBI bans linking locker allotment to fixed deposits beyond 3-year rent cover, mandates wait-list transparency, and tight
RBI Cracks Down on Usurious Interest by UCBs
RBI directs Urban Co-operative Banks to stop charging excessive interest on loans, especially small-value and personal l
RBI Urges StCBs/DCCBs to Scale IT-Enabled Financial Inclusion
RBI directs StCBs and DCCBs to scale up IT-enabled financial inclusion using smart cards/mobile tech, ensuring secure, a
Navratna PSUs get automatic route for oil sector investments abroad
RBI now allows Navratna PSUs to invest in unincorporated oil sector entities abroad under the automatic route, removing
RBI Cracks Down on Usurious Interest by Co-op Banks
RBI directs StCBs and DCCBs to set internal policies to prevent excessive interest and charges on loans, especially smal
FCNR(B) Maturity Proceeds: Remittance to Third Parties Abroad Allowed
RBI now permits AD Category-I banks to remit FCNR(B) maturity proceeds to third parties outside India, provided the acco
Uniform 180-Day Surrender Period for Resident Individuals' Foreign Exchange
RBI has unified the surrender timeline for resident individuals' received/realized/unspent foreign exchange to 180 days
RRBs told to fix internal rules to prevent usurious interest
RBI directs RRBs to set internal policies to avoid excessive interest and charges on loans, especially small-value perso
NRO Account Operation via Power of Attorney Expanded
RBI now allows resident Power of Attorney holders to operate NRO accounts for local payments and remittance of current i
RBI eases forex rules for BPO call centre equipment imports
RBI now allows AD Category-I banks to approve remittances for BPO companies importing and installing equipment overseas
CSGL Route to NDS-OM Expanded for Qualified Entities
RBI now allows qualified entities like NBFCs, provident funds, and cooperative banks to trade government securities on N
RBI keeps interest on delayed govt remittances at 8%
RBI has held the interest rate on delayed remittances and excess/double reimbursement for government accounts at 8% (Ban
KYC/AML Norms for Wire Transfers: UCBs
RBI mandates all wire transfers must carry originator info. Cross-border transfers need name, address, account number. D
RBI Cracks Down on Excessive NBFC Interest Rates
RBI warns NBFCs against charging excessive interest or fees, urging boards to set internal rate-setting policies aligned
Escrow Accounts for Non-Resident Acquirers: RBI Eases Rules
RBI now allows AD Category-I banks to open escrow and special accounts for non-resident corporates involved in open offe
Doorstep Banking Extended to Individual Customers
RBI now allows banks to deliver cash/drafts to individual customers' doorsteps, in addition to corporate customers, gove
Agency Commission Claims for PPF and SCSS: RBI Clarifications
RBI clarifies agency commission claims for PPF (from July 1, 2005) and SCSS (from April 1, 2006). Banks must use new for
Senior Citizens Savings Scheme: Multiple Accounts in Same Month Allowed
RBI notifies that the proviso barring multiple Senior Citizens Savings Scheme accounts in the same deposit office within
Rupee Value of Special Currency Basket Revised to Rs.54.9580
RBI revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
Exim Bank's USD 8 Million Line of Credit to Seychelles
RBI notifies AD Category-I banks about Exim Bank's USD 8 million LOC to Seychelles for essential commodities. Disburseme
NRE/NRO Account Norms for Urban Co-operative Banks
RBI now allows UCBs in MOU states and multi-state UCBs to open NRE accounts if they meet strict norms: net worth Rs 25 c
RBI Rationalises Overseas Direct Investment Reporting Forms
RBI has consolidated all overseas direct investment reporting forms into a single 'ODI' form with four parts, effective
Rupee value of special currency basket revised for USSR protocols
RBI revised the rupee value of the special currency basket under India-USSR deferred payment protocols to Rs. 56.8292, e
RBI Expands Commodity Hedging for Domestic Transactions
RBI now allows select AD Category-I banks to permit domestic producers/users to hedge price risk on aluminium, copper, l
AD Banks Can Now Approve Remittances from Liquidated Companies
RBI has delegated powers to AD Category-I banks to permit remittances from assets of Indian companies under liquidation,
NAV Disclosure Mandate for Security Receipts
RBI mandates SC/RCs to periodically declare NAV of Security Receipts for QIBs, effective immediately from May 28, 2007,
Urban Co-op Banks: New Locker Rules on Deposits, Security & Unused Lockers
RBI advises banks to refrain from linking locker allotment to fixed deposits beyond permitted limits. Banks may obtain a
RRBs Allowed to Set Up Service Branches and Back Offices
RBI now permits RRBs to open Service Branches, CPCs, or Back Offices for back-office tasks only—no customer interface. T
RRBs Allowed to Join Consortium Lending with Sponsor Banks
RBI now permits Regional Rural Banks to participate in consortium lending with sponsor banks, other public sector banks,
Revised Microfinance Reporting Format for Banks
RBI has revised the half-yearly microfinance progress report format for scheduled commercial banks (excluding RRBs). Ban
RBI eases hedging rules for overseas direct investments
RBI now allows residents with overseas direct investments to cancel forward contracts used for hedging exchange risk, an
RRB Branch Licensing: Empowered Committee Gets More Discretion
RBI has relaxed branch licensing rules for RRBs: compliance with conditions (iii)-(v) of the earlier circular is now lef
RBI Liberalises Overseas Direct Investment Norms (2007)
RBI enhanced the overseas investment limit for Indian companies from 200% to 300% of net worth under the automatic route
DRI Scheme Loan Limits Raised to Rs 15,000 and Rs 20,000
RBI has increased the maximum loan under the Differential Rate of Interest (DRI) scheme from Rs 6,500 to Rs 15,000 and t
RBI Clarifies Foreign Investment in Preference Shares
From May 1, 2007, only fully and mandatorily convertible preference shares count as equity under FDI caps. Other types (
RBI Tightens Rules on Hybrid Instruments Under FDI
RBI has clarified that only fully and mandatorily convertible debentures qualify as equity under FDI. Optionally or part
Mutual Funds Can Now Invest in Overseas ETFs and MFs with Nominal Unlisted Exposure
RBI expanded overseas investment scope for SEBI-registered mutual funds to include overseas mutual funds with up to 10%
RBI mandates project export data sharing with EXIM Bank
AD Category-I banks must now send a copy of post-award approvals for project export and deferred payment supply contract
Master Circular on NRO Accounts (2008)
RBI consolidated all NRO account rules into Master Circular No. 03/2007-08, effective until July 1, 2008. It covers elig
Master Circular on Foreign Investment in India (2007)
RBI consolidated all FEMA rules on foreign investment, immovable property, and branch offices into one master circular e
Master Circular on Direct Investment by Residents in Joint Venture (JV)/ Wholly Owned Subsidiary (WOS) abroad
RBI consolidated rules for residents investing in foreign JVs/WOS under FEMA. Automatic route, funding methods, and repo
Master Circular for Securitisation and Reconstruction Companies (2007)
RBI consolidated all directions for Securitisation Companies (SCs) and Reconstruction Companies (RCs) into a Master Circ
RBI Updates Securitisation & Reconstruction Company Guidelines (2007)
RBI issued updated consolidated guidelines for Securitisation Companies (SCs) and Reconstruction Companies (RCs) as of J
Master Circular: Relief Measures for Natural Calamities
RBI issued a master circular consolidating guidelines for banks to provide relief in areas hit by natural calamities. Ba
Master Circular on Miscellaneous NBFC Deposit Rules (1977)
RBI consolidated the 1977 Directions for Miscellaneous Non-Banking Companies (MNBCs) as of June 30, 2007, covering depos
NBFC Auditor Report Directions 1998 Master Circular
RBI consolidated its 1998 directions for NBFC auditors into a master circular as of June 30, 2007. Auditors must now sub
NBFC Public Deposit Rules: Master Circular 2007
RBI consolidated all NBFC public deposit norms into a single Master Circular as of June 30, 2007. This circular updates
RRBs Now Allowed to Accept FCNR(B) Deposits and NRO/NRE Accounts
RBI now permits Regional Rural Banks (RRBs) to accept FCNR(B) deposits and open/maintain NRO/NRE rupee accounts, subject
RBI raises advance remittance limit for aircraft imports to USD 50 million
RBI now allows scheduled airlines to make advance remittances up to USD 50 million without bank guarantee for direct imp
Master Circular on Credit Card Operations: Key Updates
RBI updated its Master Circular on credit card operations, consolidating guidelines up to June 30, 2007. Banks and NBFCs
Master Circular on Housing Finance: Updated Guidelines for Banks
RBI issued a revised Master Circular on Housing Finance, consolidating all instructions up to June 30, 2007. It covers d
Master Circular: Counterfeit Banknote Detection & Impounding
RBI consolidated instructions on detecting and impounding counterfeit banknotes. All bank branches and treasuries must s
Master Circular on Prudential Norms for Capital Adequacy (2007)
RBI consolidated and updated capital adequacy norms for commercial banks (excluding RRBs) as of July 2007, covering risk
Master Circular on Import of Goods and Services (2007)
RBI consolidated import guidelines for AD banks under FEMA, covering advance remittances, time limits for settlement, an
Master Circular on ECB and Trade Credits (2007)
RBI consolidated all existing instructions on External Commercial Borrowings (ECB) and Trade Credits into one Master Cir
Master Circular on Risk Management and Inter-Bank Dealings (2007)
RBI consolidated rules on risk management and inter-bank dealings into a single master circular. It covers forward contr
Fraud Classification & Reporting for Urban Co-op Banks
RBI updated its Master Circular on fraud classification and reporting for Primary Urban Co-operative Banks, effective Ju
Master Circular on Miscellaneous Remittances from India – Facilities for Residents
RBI consolidated all instructions on resident remittances (medical, travel, business, etc.) into one Master Circular, ef
Master Circular on Remittance Facilities for NRIs/PIOs/Foreign Nationals (2008)
RBI consolidated remittance rules for NRIs, PIOs, and foreign nationals under FEMA. Key updates: current income remittan
Master Circular on Call/Notice Money Market Operations (2007)
RBI consolidated all existing call/notice money market guidelines into a single master circular, effective July 2, 2007.
Master Circular on Certificates of Deposit (2007)
RBI consolidated all CD guidelines into a master circular. CDs are negotiable money market instruments issued by schedul
Master Circular: Bank Finance to NBFCs (2007)
RBI issued a master circular on bank finance to NBFCs, consolidating existing instructions with no policy changes. Banks
RBI Master Circular on Exposure Norms for FIs (2007)
RBI updated its 2006 master circular on exposure norms for All-India term-lending and refinancing institutions, consolid
Master Circular on Exposure Norms – July 2007
RBI consolidated and updated exposure norms for banks, setting single borrower limit at 15% of capital funds (20% for in
Master Circular on Guarantees and Co-acceptances
RBI consolidated guidelines on guarantees and co-acceptances, emphasizing risk management, unsecured exposure norms, and
Master Circular: Statutory & Other Restrictions on Loans & Advances (2007)
RBI consolidated all statutory and regulatory restrictions on loans and advances as of June 30, 2007. Key prohibitions i
FCNR(B) Deposit Interest Rate Master Circular 2007
RBI consolidated all FCNR(B) deposit interest rate instructions into a single master circular as of July 2, 2007. Key po
Master Circular on Interest Rates for Rupee Deposits (Domestic, NRO, NRE)
RBI consolidated all directives on interest rates for domestic, NRO, and NRE rupee deposits into a single master circula
Master Circular on Interest Rates on Advances – 2007
RBI consolidated all directives on advance interest rates into a single Master Circular as of July 2, 2007, covering BPL
RBI Guidelines on Purchase/Sale of NPAs (2007)
RBI's 2007 master circular on prudential norms for NPA purchase/sale requires banks to follow specific asset classificat
Master Circular on Micro Credit: Key Updates for Banks
RBI consolidated micro credit guidelines up to June 30, 2007, reaffirming SHG-bank linkage norms, interest rate flexibil
Master Circular - Lending to Priority Sector (July 2, 2007)
RBI consolidated all priority sector lending guidelines into a single Master Circular as of July 2, 2007. It reaffirms t
Pension Fund Management by Banks – Master Circular 2007
RBI's 2007 Master Circular on para-banking activities includes guidelines for banks acting as Pension Fund Managers (PFM
Master Circular: Direct Tax Collection via OLTAS
RBI updated its master circular on direct tax collection through OLTAS, consolidating instructions up to June 29, 2007.
Master Circular on Export Credit Refinance Facility
RBI consolidated export credit refinance (ECR) rules as of June 30, 2007. Banks get refinance at Repo Rate up to 15% of
RBI Master Circular on Disclosure Norms for FIs (2007)
RBI consolidated disclosure norms for all-India term-lending and refinancing institutions, effective July 2, 2007. The c
Penal Interest on Currency Chest Reporting Lapses
RBI consolidated rules for penal interest on delayed/wrong/non-reporting of currency chest transactions, shortages, or c
Master Circular on Note and Coin Exchange Facilities
RBI consolidated rules for exchanging soiled, cut, and mutilated notes at bank branches. Banks must freely exchange spec
Master Circular on Wilful Defaulters – Key Norms
RBI consolidated all existing instructions on wilful defaulters into a single master circular. It defines wilful default
Master Circular: Bank PD Business in Govt Securities
RBI consolidated operational guidelines for banks undertaking Primary Dealer (PD) business in government securities. Ban
Master Circular for Primary Dealers: Updated Operational Guidelines
RBI issued an updated Master Circular consolidating all operational guidelines for Primary Dealers (PDs) in the governme
Master Circular on PM Rozgar Yojana (PMRY) – July 2007
RBI consolidated all PMRY guidelines up to June 30, 2007 into one master circular. Banks must follow updated eligibility
Branch Authorisation Master Circular 2007: Key Updates
RBI updated its Master Circular on branch authorisation under Section 23 of the Banking Regulation Act, 1949, consolidat
Master Circular – Prudential norms for classification, valuation and operation of investment portfolio by banks
RBI consolidated all existing prudential norms for classification, valuation, and operation of banks' investment portfol
Master Circular on Financial Statement Disclosures – Notes to Accounts
RBI issued an updated Master Circular consolidating all instructions on disclosures in 'Notes to Accounts' for commercia
Master Circular on Nomination for Relief/Savings Bonds
RBI consolidated all existing instructions on nomination for Relief/Savings Bonds into a single master circular. Key poi
Master Circular: Guarantees, Co-Acceptances & LCs for UCBs
RBI consolidated all guidelines on guarantees, co-acceptances, and letters of credit for Primary Urban Co-operative Bank
Master Circular on Investments by Urban Co-op Banks (2007)
RBI consolidated all investment guidelines for Primary (Urban) Co-operative Banks as of June 30, 2007. Key restrictions
Master Circular on Agency Commission for Government Business
RBI updated agency commission rates to transaction-based: Rs.45 per receipt, 9 paise per Rs.100 turnover for payments (e
Master Circular on Export of Goods and Services (2007)
RBI consolidated all export-related FEMA instructions into one Master Circular effective July 2, 2007, with a one-year s
Master Circular on Housing Finance for Urban Co-op Banks
RBI consolidated housing finance guidelines for Urban Co-operative Banks (UCBs) as of June 30, 2007. It covers eligible
Master Circular: Pension Disbursement by Agency Banks (2007)
RBI consolidated all instructions on government pension disbursement by agency banks into a single master circular as of
Master Circular on Exposure Norms for Urban Co-op Banks
RBI consolidated exposure norms for urban co-operative banks (UCBs) as of June 30, 2007. Key limits: individual borrower
RBI Master Circular on Inspection & Audit for Urban Co-op Banks
RBI consolidated inspection and audit guidelines for Primary Urban Co-operative Banks up to June 30, 2007, emphasizing s
RBI Master Circular on Branch Licensing for RRBs
RBI consolidated all branch licensing rules for Regional Rural Banks into a single master circular. RRBs must now get pr
NDNC Registry: Banks Must Vet Telemarketers
RBI mandates banks to use only DoT-registered telemarketers and submit their lists to IBA within three months from June
Master Circular: Investment Portfolio Norms for FIs (2007)
RBI consolidated prudential norms for classification, valuation, and operation of investment portfolios by All-India Ter
RRBs Now Allowed to Accept FCNR(B) Deposits
RBI now permits Regional Rural Banks (RRBs) to accept FCNR(B) deposits from NRIs/PIOs, expanding foreign exchange servic
UCBs must detail manpower, infra, risk systems for forex licence
RBI now requires Primary Urban Co-operative Banks applying for an Authorised Dealer licence to submit additional details
Master Circular on Customer Service for UCBs
RBI consolidated all customer service guidelines for Primary (Urban) Co-operative Banks into a single Master Circular as
Master Circular on Deposit Account Maintenance for UCBs
RBI consolidated all deposit account guidelines for Urban Co-operative Banks into a single master circular as of June 30
Master Circular on Priority Sector Lending - Special Programmes - Swarnajayanti Gram Swarozgar Yojana (SGSY)
RBI consolidated all SGSY guidelines into a single Master Circular dated July 2, 2007. Banks must follow updated norms f
UCB Branch Licensing Policy Relaxed (2007)
RBI relaxed branch licensing for Urban Cooperative Banks (UCBs) in 2007, allowing eligible banks to open new branches an
UCBs Urged to Scale IT-Enabled Financial Inclusion
RBI directs all Primary Urban Co-operative Banks to accelerate IT-driven financial inclusion by deploying secure, audita
Master Circular: SJSRY Priority Sector Lending
RBI consolidated all prior instructions on Swarna Jayanti Shahari Rozgar Yojana (SJSRY) into a single Master Circular da
Priority Sector Credit for SC/ST Communities
RBI's 2007 Master Circular consolidates all prior instructions on credit facilities for Scheduled Castes and Scheduled T
Master Circular: Scheme for Liberation and Rehabilitation of Scavengers (SLRS) (RBI/2007-2008/27)
RBI consolidated all prior instructions on the SLRS into a single Master Circular dated July 2, 2007. Public sector bank
Master Circular on Broker Appointment & Delisting for Relief/Savings Bonds
RBI consolidated all instructions on appointing and delisting brokers for Relief/Savings Bonds into a single Master Circ
Master Circular on Rates of Brokerage etc. for Relief/Savings Bonds
RBI consolidated all existing instructions on brokerage for Relief/Savings Bonds into a single Master Circular. Key rate
Minority Credit Districts Expanded to 121
RBI adds 18 more minority-concentrated districts, raising the total to 121. Banks must now monitor credit flow to minori
UCBs Allowed as Agents Under Money Transfer Schemes
RBI now permits Primary (Urban) Co-operative Banks holding AD Category I or II licence to act as agents/sub-agents under
UCBs: Ban on Credit to Stockbrokers & Commodity Brokers
RBI has clarified that Urban Co-operative Banks (UCBs) are completely prohibited from extending any fund-based or non-fu
Goodwill amortization norms for UCB mergers
RBI has clarified how UCBs must treat goodwill arising from mergers: amortize over five years in equal installments. If
RBI Guidelines for UCBs Issuing ATM-cum-Debit Cards
RBI has issued detailed guidelines for Primary (Urban) Co-operative Banks to issue ATM-cum-Debit Cards. Banks with Board
RBI Cuts Export Credit Rate by 2% for Select Sectors
RBI reduces interest rate on rupee export credit by 2% for textiles, garments, leather, handicrafts, engineering, proces
Sugar Buffer Stock: Bank Credit & Margin Norms
RBI directs banks to sanction Rs 420 crore additional credit to sugar mills for buffer stock creation, with zero margin.
NBFC Corporate Governance: Connected Lending Rules on Hold
RBI has deferred the operationalisation of connected lending norms for NBFCs (para 2(vi) of May 8, 2007 circular) pendin
Master Circular on Advances for Urban Co-op Banks
RBI consolidated all advance management guidelines for Primary (Urban) Co-operative Banks as of June 30, 2007. Key chang
Priority Sector Lending Targets for Urban Co-op Banks (2007)
RBI's 2007 master circular sets 60% priority sector lending target for urban co-op banks, with at least 25% of priority
Priority Sector Lending to Minority Communities: Master Circular 2007
RBI consolidated all instructions on credit to minority communities into a single Master Circular. Banks must set up spe
Master Circular on Income Recognition & Asset Classification for UCBs
RBI consolidated all prudential norms for Urban Co-operative Banks (UCBs) on income recognition, asset classification, a
RBI Tightens ECB Rules: Over $20M Must Stay Overseas
RBI now requires ECB proceeds exceeding $20 million per borrower company per financial year to be parked overseas for fo
RBI Eases Bill Discounting Rules for LC Transactions
RBI now allows banks to negotiate LC bills for non-constituent beneficiaries if proceeds go to their regular banker, and
CRR hiked 50 bps to 7% for Urban Co-op Banks from Aug 4, 2007
RBI raised CRR for Scheduled Primary Urban Co-operative Banks by 50 bps to 7.00%, effective fortnight beginning August 4
RBI Circular on Scheduled State Co-operative Banks: August 2007
This RBI circular, dated August 1, 2007, addresses all Scheduled State Co-operative Banks. It announces an increase in t
LAF: Reverse Repo Cap Removed, Second Window Scrapped
RBI removed the Rs 3,000 crore daily reverse repo ceiling under LAF and withdrew the Second LAF (SLAF) effective August
FIMMDA Reporting Platform for Corporate Bond Transactions
From September 1, 2007, all commercial banks (except RRBs and LABs) and select AIFIs must report OTC secondary market co
NBFCs Must Report OTC Corporate Bond Trades on FIMMDA Platform
From September 1, 2007, all NBFCs must report their secondary market OTC corporate bond trades on FIMMDA's reporting pla
RBI Revises Tax Audit Fee Rules for PSB Auditors (2007-08)
RBI has updated remuneration norms for statutory central and branch auditors of public sector banks for tax audit work,
TDS on Remittances to Non-Residents: CBDT Format Mandatory for All Payments
RBI mandates that all foreign exchange remittances to non-residents, including trade payments, require an undertaking an
FII Collateral Norms: Demat Accounts for Foreign Sovereign Securities
RBI now permits SEBI-approved clearing corporations and members to open demat accounts abroad for holding foreign sovere
UCBs: Advances to Sugar Industry for Buffer Stock
RBI directs UCBs to sanction Rs 420 crore additional credit to sugar mills for buffer stock, with no margin required. Ba
UCBs: New Rules for Shifting Branches Between Cities
RBI now allows UCBs (excluding unit banks, unlicensed, Grade III/IV, or non-compliant banks) to shift branches between c
RBI Allows Rupee Loans to NRI Employees for ESOP Share Purchase
RBI now permits AD Category-I banks to grant rupee loans to NRI employees of Indian companies for buying shares under ES
Exim Bank USD 5 mn LOC to Eastern African Development Bank
RBI notifies AD Category-I banks of Exim Bank's USD 5 million line of credit to EADB for financing Indian exports to Uga
Exim Bank's $30 mn LOC to Mali: Key Guidelines for AD Banks
RBI notifies AD Category-I banks about Exim Bank's USD 30 million Line of Credit to Mali for financing eligible exports,
Revised Priority Sector Lending Guidelines for RRBs
RBI has revised priority sector lending guidelines for RRBs, effective immediately, based on an internal working group's
CCIL Reporting Platform for OTC Interest Rate Derivatives
RBI mandates all scheduled commercial banks and primary dealers to report OTC interest rate derivative trades (IRS/FRA)
RBI Discontinues Quarterly Housing Finance Disbursement Reporting
RBI has discontinued the requirement for scheduled commercial banks to submit the quarterly statement on housing finance
RBI Mandates Loan Agreement Copy for All Borrowers
RBI has directed banks and financial institutions to provide a copy of the loan agreement and all enclosures to every bo
FIMMDA Reporting Platform for Corporate Bonds
From September 1, 2007, all Primary Dealers must report OTC secondary market corporate bond trades on FIMMDA's platform,
RRB Housing Loan Limit Doubled to Rs 20 Lakh
RBI raised the housing loan limit for RRBs from Rs 10 lakh to Rs 20 lakh, irrespective of area, and removed the 5% of in
Priority Sector Returns: Revised Classification for June 2007
Banks must submit Special Returns I, II, and III for priority sector advances as of last reporting Friday of June 2007,
UCB Non-SLR Investment Rules Revised for Greater Flexibility
RBI has revised guidelines for Primary (Urban) Co-operative Banks' Non-SLR investments, retaining the 10% of deposits ca
RBI Withdraws 5 More Circulars for PSBs
RBI, with Government of India, withdrew 5 more circulars for public sector banks. Banks must review these circulars and,
UCBs: Sugar Buffer Stock Financing – No Margin, Rs 630 Cr Credit
RBI directs all Scheduled UCBs to finance an additional 30 lakh ton sugar buffer stock (Aug 2007–Jul 2008) with zero mar
Priority Sector Lending: 121 Minority Concentrated Districts for UCBs
RBI directs all Primary Urban Co-operative Banks to monitor credit flow to minorities in 121 identified districts, ensur
Sangli Bank Ltd Removed from RBI Second Schedule
RBI has excluded Sangli Bank Ltd from the Second Schedule of the RBI Act, 1934, effective May 14, 2007. This means the b
RRBs Allowed Extension Counters at Worship & Market Places
RBI now permits Regional Rural Banks to set up extension counters at places of worship and market places without needing
Revised Priority Sector Lending Reporting Formats
RBI has revised the half-yearly and yearly return formats for priority sector advances data. Scheduled commercial banks
Reviving Branch-Level Customer Service Committees
RBI directs banks to revive dormant branch-level customer service committees, include customers and senior citizens, mee
Sugar Buffer Stock Financing: 30 Lakh Tonnes
RBI directs banks to finance an additional 30 lakh tonne sugar buffer stock (Aug 2007-Jul 2008). Banks must release Rs 6
Revised Priority Sector Lending Guidelines for UCBs
RBI has revised priority sector lending guidelines for Urban Co-operative Banks (UCBs) based on an Internal Working Grou
PPF Claims for Missing Subscribers: New Rules
RBI directs banks to settle PPF claims of missing subscribers per Indian Evidence Act, 1872. Nominees must get court pre
Free Remittance for Govt Transactions: RBI Circular (2007)
RBI has reiterated that agency banks must provide free remittance services to accredited Central and State Government de
RBI Raises Overseas Investment Cap for Mutual Funds to $5 Billion
RBI has increased the aggregate ceiling for overseas investments by SEBI-registered mutual funds from USD 4 billion to U
ECB Prepayment Limit Raised to USD 500 Million
RBI has increased the automatic prepayment limit for External Commercial Borrowings from USD 400 million to USD 500 mill
LRS Limit Doubled to USD 200,000 per Financial Year
RBI has doubled the Liberalised Remittance Scheme limit for resident individuals from USD 100,000 to USD 200,000 per fin
RRB Branch Licensing: Service Area Norms Relaxed
RBI has eased branch licensing for RRBs by removing Service Area Approach restrictions. Rural branches can now shift wit
Exim Bank's USD 30 mn LOC to Honduras
RBI notifies AD Category-I banks about Exim Bank's USD 30 million Line of Credit to Honduras for financing Indian export
UCB Deposits with DCCB/SCBs: SLR Treatment Tightened
RBI now mandates that any loan a UCB has taken from a DCCB/SCB must be deducted from its deposits with that lender when
TDS on 8% Savings Bonds 2003: Govt Clarifications
TDS on 8% Savings (Taxable) Bonds, 2003 applies from June 1, 2007, on interest exceeding Rs. 10,000 per financial year,
RBI exempts Salary Earners UCBs from professional director rule
RBI has withdrawn the requirement for Salary Earners Primary (Urban) Co-operative Banks to have at least two professiona
RBI Tightens Home Loan Compliance on Unauthorised Constructions
RBI has directed all commercial banks to strictly follow its November 2006 circular on home loans, requiring verificatio
UCBs: Tighter Post-Sanction Monitoring of Advances
RBI directs Urban Co-operative Banks to strengthen post-sanction monitoring of advances, especially for accounts showing
RRBs Can Convert Satellite Offices to Full Branches
RBI now allows Regional Rural Banks to convert satellite offices into full-fledged branches, subject to Empowered Commit
Lord Krishna Bank Removed from RBI Schedule II
RBI has excluded Lord Krishna Bank Ltd from the Second Schedule of the RBI Act, 1934, effective September 6, 2007. This
RRBs Can Now Apply for Currency Chests: New Norms
RBI now allows RRBs with a minimum networth of Rs. 50 crore, three years of net profit, no accumulated losses, Gross NPA
J&K District Reorg: Kulgam Lead Bank Correction
RBI corrected an earlier notification: Kulgam district was carved from Anantnag, not Pulwama. Lead banks must update the
Priority Sector Lending: Weaker Sections List Updated
RBI replaces Sikkim with Meghalaya in the list of states where a minority community is in majority for priority sector l
NBFCs Must Hand Over Full Loan Agreement Copies
RBI mandates NBFCs to provide borrowers with a copy of the loan agreement and all enclosures at sanction/disbursement. T
RRBs: NRO/NRE/FCNR Deposit Authorisation for Negative Networth Banks
RBI now allows RRBs with negative networth but three consecutive years of net profit to seek NRO/NRE/FCNR authorisation
EEFC Account Liberalisation: Interest on Balances Up to $1 Million
RBI temporarily allows exporters to earn interest on EEFC account balances up to US $1 million via term deposits, valid
RBI Guidelines on Purchase/Sale of Non Performing Assets (2007)
RBI mandates that banks selling NPAs must work out the net present value of estimated cash flows from the realisable val
CRR Hiked to 7.50% for Urban Co-op Banks from Nov 10, 2007
RBI raised CRR for Scheduled Primary (Urban) Co-operative Banks by 50 bps to 7.50% of demand and time liabilities, effec
RRB CRR Hiked by 50 bps to 7.50% from Nov 10, 2007
RBI raised CRR for all Regional Rural Banks by 50 basis points to 7.50% of demand and time liabilities, effective from t
CRR Hiked 50 bps to 7.50% for Scheduled State Co-op Banks
RBI raised CRR for Scheduled State Co-operative Banks by 50 basis points to 7.50% of demand and time liabilities, effect
Exim Bank's $10 Million LOC to Senegal for IT Training
RBI notifies AD Category-I banks of Exim Bank's USD 10 million line of credit to Senegal for IT training exports. At lea
CRR Hiked by 50 bps to 7.50% from Nov 10, 2007
RBI raised CRR by 50 bps to 7.50% of demand and time liabilities, effective fortnight starting November 10, 2007. This m
UTI Bank renamed Axis Bank in RBI Schedule
RBI notified that UTI Bank Ltd is now Axis Bank Ltd in the Second Schedule to the RBI Act, 1934, effective July 30, 2007
RBI Extends Rupee Export Credit Interest Rate Caps to April 2008
RBI has extended the validity of existing interest rate ceilings on rupee export credit until April 30, 2008. Banks must
Forward Contract Liberalisation for SMEs and Individuals
RBI liberalised forward contracts for SMEs and resident individuals. SMEs can now book/cancel/rebook forwards without un
Preference Shares as Regulatory Capital: New Guidelines
RBI now allows Indian banks to issue Perpetual Non-Cumulative Preference Shares (PNCPS) as Tier 1 capital and three type
RBI cracks down on deposit schemes with lock-in periods
RBI has directed banks to immediately discontinue special term deposit schemes that impose lock-in periods of 6-12 month
RBI Extends Export Credit Interest Rate Ceilings to April 2008
RBI has extended the existing interest rate ceiling on rupee export credit (BPLR minus 2.5%) for pre-shipment up to 180
ALM System: Revised Liquidity Mismatch Norms
RBI tightens liquidity risk management by splitting the 1-14 day bucket into three (Next day, 2-7 days, 8-14 days) and s
StCBs/DCCBs: Accept guardianship certificates for disabled persons' accounts
RBI directs StCBs/DCCBs to accept guardianship certificates issued by District Courts under Mental Health Act, 1987 or L
RBI Allows Internet Banking on Rupee Vostro Accounts
RBI now permits banks to offer internet-based operations on Rupee Vostro Accounts held by foreign exchange houses or ban
UCBs: Lock-in Deposit Schemes Not Allowed
RBI has flagged that some UCBs are offering special term deposits with lock-in periods of 6-12 months and restrictive pr
RBI bans lock-in period deposit schemes for co-op banks
RBI has directed StCBs/DCCBs to immediately stop special term deposit schemes with lock-in periods of 6-12 months, where
Revised Minimum Bidding for PDs in ACU Auctions
RBI has revised the minimum bidding requirement for Primary Dealers in Additional Competitive Underwriting auctions from
Fit and Proper Criteria for Elected Directors at SBI Associate Banks
RBI mandates SBI associate banks to form a nomination committee to vet elected directors under 'fit and proper' criteria
RBI Reiterates Ban on Writing on Banknotes for UCBs
RBI has reminded all Primary (Urban) Co-operative Banks to stop writing on banknotes, reinforcing the Clean Note Policy.
RBI raises direct import bill limit for rough diamonds to USD 300,000
RBI has increased the limit for direct receipt of import bills/documents from USD 100,000 to USD 300,000 for rough diamo
RBI Allows Oil Firms to Hedge 50% Inventory on Global Markets
RBI now permits domestic oil refining and marketing companies to hedge up to 50% of their inventory (based on prior quar
RBI Cautions Banks on Promoter Equity Funding Risk in Project Finance
RBI warns banks that allowing promoters to bring equity proportionately with debt disbursement carries higher equity-fun
Fit and Proper Criteria for Elected Directors in Nationalised Banks
RBI mandates nationalised banks to form a nomination committee to vet elected directors under 'fit and proper' criteria,
Lead Bank Responsibility for New Karnataka Districts
RBI assigned Canara Bank as lead bank for Chikkaballapura and Corporation Bank temporarily for Ramanagara district, effe
Exim Bank's $15M LOC to PTA Bank for African Exports
RBI notifies AD Category-I banks of Exim Bank's $15 million line of credit to PTA Bank, Kenya, for financing Indian expo
J&K Bank Gets Permanent Lead Bank Role for 4 Districts
RBI has permanently assigned Lead Bank responsibility for Anantnag, Budgam, Pulwana, and Srinagar districts to Jammu and
RBI allows banks to invest in unrated infra bonds within 10% cap
RBI now permits banks to invest in unrated bonds of infrastructure companies, but only within the existing 10% ceiling f
CRAR Disclosure Mandated for Co-operative Banks from March 2008
RBI directs all State and Central Co-operative Banks to disclose their Capital to Risk-weighted Assets Ratio (CRAR) as o
Additional Interest Subvention for Export Sectors (Nov 2007)
RBI adds another 2% subvention (total 4%) on rupee export credit for leather, marine, textiles (excluding man-made fibre
Revised Underwriting Commitment for Primary Dealers
RBI revised the minimum bidding requirement in Additional Competitive Underwriting auctions for Primary Dealers, replaci
Consent Decree Must for NPA Settlements in Court
RBI mandates that once an NPA case is filed in Court/DRT/BIFR, any settlement with the borrower must be formalized throu
RBI Bans Lock-In Deposit Schemes at RRBs
RBI has directed RRBs to immediately stop special deposit schemes with lock-in periods of 6-12 months that restrict prem
RBI Updates Nidhi Company Deposit Rules
RBI has updated the 1998 deposit directions for Nidhi companies. Notified Nidhis and Potential Nidhis are now exempt fro
NBFCs Must Comply with National Do Not Call Registry Rules
RBI mandates NBFCs to ensure their telemarketers (DSAs/DMAs) are registered with DoT under the NDNC framework. NBFCs mus
Penal Interest Rate on Delayed Govt Remittances Unchanged at 8%
RBI has confirmed that the penal interest rate on delayed remittances and excess/double reimbursement for government acc
RBI Notifies Regulatory Framework for Mortgage Guarantee Companies
RBI has formally classified Mortgage Guarantee Companies (MGCs) as NBFCs under the RBI Act, 1934, and exempted them from
RRBs Must Get RBI Nod Before Dipping into Reserves
Regional Rural Banks now need prior RBI approval before drawing down from statutory or other reserves. All expenses and
WI Transactions: Cover Leg Now Allowed Outside NDS-OM
RBI now permits the cover leg of When Issued (WI) transactions in central government securities to be executed outside t
G-Sec Short-Selling: Cover Leg Now Allowed Outside NDS-OM
RBI now permits covering short positions in central government securities outside the NDS-OM platform, including via tel
RBI allows FIIs to short sell, lend, and borrow equity shares
RBI now permits SEBI-registered FIIs and their sub-accounts to short sell, lend, and borrow equity shares of Indian comp
Revised Lodging Reimbursement for PSB Statutory Auditors
RBI directs nationalised banks to reimburse statutory auditors' lodging at limits fixed for their own officials, replaci
RBI Advises Banks on CSR, Sustainability & Non-Financial Reporting (2007 Circular)
RBI advises all scheduled commercial banks (excluding RRBs) to consider integrating CSR, sustainable development, and no
Bangladesh FDI: Prior FIPB Approval Now Mandatory
RBI now allows citizens/entities from Bangladesh to invest in Indian shares/convertible debentures under FDI, but only w
Exim Bank's USD 45 mn Line of Credit to Mali for Power Project
RBI notifies AD Category-I banks of Exim Bank's USD 45 million line of credit to Mali's government for an electricity tr
RRB On-Lending to Agriculture: Classification as Indirect Finance
Loans from sponsor/commercial banks to RRBs for on-lending to agriculture and allied activities now count as indirect ag
FDI: 180-Day Deadline for Issuing Equity Instruments
From Nov 29, 2007, Indian companies must issue equity instruments (shares/CCDs) within 180 days of receiving FDI advance
RRBs to Maintain 25% SLR on Net Demand and Time Liabilities (Notification dated February 14, 2008)
RBI mandates all Regional Rural Banks to maintain a uniform SLR of 25% on net demand and time liabilities, as per notifi
SLR maintained at 25% under amended Banking Regulation Act
RBI confirms all scheduled commercial banks (excluding RRBs) must continue maintaining a uniform SLR of 25% on net deman
March 2008 Govt Account Closing: Special Reporting for Agency Banks
RBI sets April 15, 2008 as the residual transaction closure date for March 2008. Agency banks must use special messenger
Revised Vostro Account Rules for Non-Resident Exchange Houses
RBI rationalized instructions for rupee/foreign currency Vostro accounts of non-resident Exchange Houses. AD Category-I
Exim Bank's $35.2 mn Line of Credit to Cambodia
RBI notifies AD Category-I banks of Exim Bank's USD 35.20 million Line of Credit to Cambodia for three projects. Banks m
UCBs: Educational Loans Risk Weight Reduced to 100%
RBI reclassified educational loans for UCBs, removing them from consumer credit. Risk weight drops from 125% to 100%, fr
Exim Bank's $60 mn LOC to Myanmar for Hydropower Project
RBI notifies AD Category-I banks of Exim Bank's USD 60 million line of credit to Myanma Foreign Trade Bank for financing
Rupee Value of Special Currency Basket Revised to Rs. 56.6777
RBI has revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile U
Exim Bank's USD 5 mn LOC to Nigerian Export-Import Bank
RBI notified a USD 5 million line of credit from Exim Bank to Nigeria's Exim Bank for financing Indian exports of capita
RBI Cuts Risk Weight on Educational Loans
RBI reclassified educational loans from consumer to non-consumer credit, reducing risk weights from 125% to 100% under B
Ariyalur District Lead Bank Assigned to SBI
RBI assigns State Bank of India as lead bank for new Ariyalur district in Tamil Nadu, effective immediately. Indian Over
EASIEST Data Quality: Mandatory Assessee Code on G.A.R.7 Challans
RBI mandates that from Jan 22, 2008, banks must not accept Central Excise/Service Tax payments via EASIEST unless the G.
RBI mandates free ATM use for own bank, caps other bank charges
RBI has directed all scheduled commercial banks to make own ATM use and balance enquiries at other bank ATMs free immedi
Revised Tier Classification Norms for Urban Cooperative Banks
RBI has expanded Tier I eligibility for UCBs: banks with deposits under Rs.100 crore can now qualify if branches are in
Cut-off Time for Government Revenue e-Payments Extended to 8 PM
RBI has extended the cut-off time for e-payments of government revenue to 8:00 PM, aligning with CBEC norms. Payments af
RBI mandates drop-down menus in e-payment software for tax accuracy
RBI directs nominated banks to update e-payment software with drop-down menus for account head codes and pre-populated a
SCs/RCs: New Owned Funds & Audited Balance Sheet Norms
RBI mandates SCs/RCs to report Owned Funds in quarterly SCRC1 returns and submit audited balance sheets with Directors/A
Revised Timeline for Customer Grievance Redressal in Outsourced Financial Services
RBI has revised the timeline for customers to approach the Banking Ombudsman: if a complainant does not get a satisfacto
UCBs: Tightened Norms for Builder/Contractor Advances
RBI directs UCBs to stop fund and non-fund facilities to builders/contractors for land acquisition, even as part of hous
UCBs: KYC Norms and AML Standards Update
RBI clarifies that KYC document lists are indicative, not exhaustive, to avoid denying banking services. Banks must revi
Exim Bank's USD 122 mn Line of Credit to Ethiopia for Sugar Projects
RBI notifies AD Category-I banks about Exim Bank's USD 122 million Line of Credit to Ethiopia for sugar industry project
Revised Reporting Format for SC/ST Credit Data
Banks must now report half-yearly SC/ST priority sector advances using revised Annexure I and IA formats. DRI scheme hou
RBI Relief Measures for Poultry Industry Amid Bird Flu (2008)
RBI allowed banks to convert overdue working capital and term loan dues of poultry units into term loans with up to 3-ye
RBI Finalises Mortgage Guarantee Company Rules
RBI has finalised guidelines for registration and operations of Mortgage Guarantee Companies (MGCs), including prudentia
RBI Extends NPA Norm Relief for Tier I UCBs Till March 2009
RBI has extended the 180-day NPA classification norm for Tier I Urban Co-operative Banks by one more year, up to March 3
Lead Bank Responsibility for New Pratapgarh District
RBI assigns Bank of Baroda as Lead Bank for Rajasthan's new Pratapgarh district, effective January 26, 2008. No changes
NCAF Amendments: Parallel Run Clarifications Addressed
RBI amended the New Capital Adequacy Framework guidelines effective March 31, 2008, based on feedback from banks during
Exim Bank's $100 mn Line of Credit to Nepal
RBI notifies AD banks of Exim Bank's $100 million Line of Credit to Nepal for financing road, rural electrification, pow
Exim Bank's $10.4M Line of Credit to Suriname for Water Project
RBI notifies AD Category-I banks of Exim Bank's USD 10.4 million Line of Credit to the Government of Suriname for financ
Lead Bank Responsibility for New Tapi District, Gujarat
RBI assigns Bank of Baroda as Lead Bank for the newly formed Tapi district in Gujarat, carved from Surat district. Bank
Pillar 2 Guidelines: Supervisory Review & ICAAP for Banks
RBI issued Pillar 2 guidelines under Basel II, requiring banks to have a Board-approved ICAAP policy. Banks must assess
FY 2007-08 Year-End: Extended Hours & Special Clearing for Govt Accounts
RBI directs agency banks to extend banking hours on March 29 & 31, 2008, and conduct special same-day clearing to ensure
Relief Measures for Poultry Industry (2008) – UCBs
RBI directs Urban Co-operative Banks to convert overdue working capital and term loan dues of poultry units affected by
RBI mandates free ATM usage for UCB customers: own ATMs and balance enquiries free immediately, cash withdrawals at other bank ATMs free from April 1, 2009
RBI mandates free ATM use for own bank and balance enquiries at other banks immediately. For cash withdrawals at other b
Exim Bank's USD 45 mn Line of Credit to Vietnam
RBI notified AD Category-I banks about Exim Bank's USD 45 million Line of Credit to Vietnam for the Nam Chien Hydro Powe
RBI Revises Board Review Calendar for Public Sector Banks
RBI has revised the mandatory Calendar of Reviews for public sector bank boards, effective June 1, 2008. The new calenda
SCs/RCs must disclose asset acquisition date, valuation, and interest in SR offer documents
RBI clarifies that SCs/RCs issuing Security Receipts must disclose the date of acquisition, valuation, and their interes
RBI Expands Professional Director Norms for Urban Co-op Banks
RBI has broadened the definition of 'professional directors' for UCBs to include persons with qualifications in law, acc
Government requests banks to meet full credit needs of SHG members, RBI advises compliance
The Union Budget 2008-09 announced that banks will be encouraged to embrace Total Financial Inclusion and meet the entir
UCBs to Frame Own Cheque Collection Policy (2008)
RBI advised scheduled UCBs to formulate their own cheque collection policies—covering immediate credit, timelines, and d
Mandatory E-Payment of Taxes from April 1, 2008
From April 1, 2008, companies and persons covered under Section 44AB must pay taxes electronically. Banks must not accep
DRI Scheme: Income Limits Revised for Borrowers
RBI has revised income eligibility for the Differential Rate of Interest (DRI) scheme. Rural borrowers now need annual f
ALM: Fortnightly Structural Liquidity Reporting from April 2008
From April 1, 2008, banks must submit the Statement of Structural Liquidity fortnightly (as on first and third Wednesday
LRS Reporting Moves from Quarterly to Monthly
Starting April 2008, AD Category-I banks must report Liberalised Remittance Scheme data monthly instead of quarterly. Re
Rupee Value of Special Currency Basket Revised for USSR Debt
RBI has revised the Rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile U
Cut-off time for government e-payment transactions extended to all systems
RBI, with the Controller General of Accounts, has extended the 8:00 PM cut-off for e-payment transactions to all governm
RBI Raises Overseas Investment Cap for Mutual Funds to USD 7 Billion
RBI has increased the aggregate ceiling for overseas investment by SEBI-registered mutual funds from USD 5 billion to US
FDI in Commodity Exchanges: New 49% Composite Cap
RBI now allows foreign investment in commodity exchanges up to 49% (FDI 26%, FII 23%). FDI needs government approval; FI
Foreign Investment Cap in Credit Information Companies Set at 49%
RBI now allows foreign investment up to 49% in Credit Information Companies, subject to FIPB approval and RBI clearance.
Bids in Foreign Currency for Domestic Projects: Prior Approval Waived
RBI has removed the requirement for prior approval from the Administrative Ministry or Central Government for Indian res
Rupee Export Credit Interest Rates Extended to Oct 2008
RBI extended the validity of rupee export credit interest rate ceilings to October 31, 2008, with new rates effective fr
RBI Extends Export Credit Interest Rate Cap Till Oct 2008
RBI has extended the ceiling on interest rates for pre-shipment (up to 180 days) and post-shipment (up to 90 days) rupee
RBI Tightens Rules on Recovery Agents for Banks
RBI issued final guidelines on recovery agents, requiring banks to conduct due diligence, inform borrowers of agency det
RBI Expands BC Network to Retired Staff, Sets Distance Norms
RBI now allows banks to hire retired bank employees, ex-servicemen, and retired government staff as Business Corresponde
Rupee Value of Special Currency Basket Revised to Rs 58.6670
RBI revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
Avoid Duplicate Filing of Savings Bond Data with Income Tax Department
RBI directs agency banks to avoid duplicating Savings Bond investor data (Rs 5 lakh+) by submitting Form 61A only to the
Settling Claims for Missing Persons: RBI Guidelines for Co-op Banks
RBI directs co-operative banks to settle missing person claims per Indian Evidence Act Sections 107/108. Banks must set
UCBs: Settlement of Claims for Missing Persons
RBI directs urban co-operative banks to settle missing person claims per Indian Evidence Act, requiring a court presumpt
RBI Caps ATM Charges: Free Usage from April 1, 2009
RBI mandates that from May 13, 2008, using own bank ATMs and balance enquiries at other bank ATMs are free. Cash withdra
Infra Project NPA Norms: Time Overrun Grace Extended to 2 Years
RBI has extended the grace period for classifying infrastructure projects as sub-standard from one year to two years aft
Weaker Section Lending Shortfall Now Triggers RIDF Penalty
From April 2009, banks missing the 10% weaker-section lending target will face mandatory contributions to NABARD's RIDF,
GCC & No-Frills Overdrafts: Full Priority Sector Credit
RBI now allows banks to classify 100% of GCC outstanding and overdrafts up to ₹25,000 against no-frills accounts in rura
Lead Bank Responsibility for New Jharkhand Districts
RBI assigns Bank of India as Lead Bank for new Ramgarh and Khunti districts in Jharkhand, effective May 06, 2008. No cha
Grievance Redressal Mechanism in Banks
RBI mandates banks to set up a robust complaint handling system with visible registers, acknowledgments, time-bound reso
Settlement of Claims for Missing Persons: RBI Guidelines
RBI directs banks to settle missing person claims per Indian Evidence Act Sections 107/108. After 7 years missing, a cou
CRR Hiked to 8.25% for Scheduled State Co-operative Banks
RBI raised CRR for scheduled state co-operative banks from 8.00% to 8.25% of NDTL, effective May 24, 2008, to manage liq
Agricultural Debt Waiver Scheme 2008: Implementation Clarifications
RBI issued supplementary instructions from the Finance Ministry for the Agricultural Debt Waiver and Debt Relief Scheme
ECB Policy Liberalised: Higher Limits & Lower Cost Ceilings
RBI has raised ECB limits for rupee expenditure under the Approval Route: infrastructure borrowers can now access up to
RBI expands wilful defaulter definition to cover asset disposal
RBI has added a new condition to the wilful defaulter definition: a unit that defaults and disposes of or removes secure
RBI raises all-in-cost ceiling for short-term trade credits
RBI has increased the all-in-cost ceiling for trade credits up to one year from 50 bps to 75 bps over 6-month LIBOR, eff
Mahila UCBs Allowed Limited Male Membership
RBI now permits Mahila Urban Co-operative Banks meeting general entry point norms to enrol male members up to 25% of tot
UCBs Get Easier On-Site ATM Norms
RBI has liberalized on-site ATM norms for UCBs. Well-managed UCBs in MoU states or multi-state ones (excluding Grade III
RBI eases standard asset provisioning for Salary Earners' (Urban) Co-operative Banks
RBI has reduced standard asset provisioning on personal loans for Tier II Salary Earners' (Urban) Co-operative Banks fro
Agricultural Debt Waiver Scheme 2008 for UCBs
RBI directs all Primary Urban Co-operative Banks to implement the Agricultural Debt Waiver and Debt Relief Scheme, 2008,
RRBs Allowed to Sell Excess Priority Sector Loans
RBI now permits Regional Rural Banks to sell priority sector loan assets that exceed their 60% lending target, enabling
Board Must Record Intent on Subsidiary Investments for Consolidation
RBI mandates bank boards to record intent (temporary or otherwise) for investments in subsidiaries, associates, and join
RBI Extends Transition Period for Capital Market Exposure Norms
RBI has extended the transition period for banks to comply with capital market exposure norms related to loans to mutual
Revised Special Return III for Priority Sector Disbursal Data
RBI revised the format for Special Return III, requiring scheduled commercial banks to report priority sector disbursal
RBI Liberalises Overseas Investment Norms for Energy & Natural Resources
RBI has allowed Indian companies to invest beyond 400% of net worth in energy and natural resources sectors overseas, wi
RBI Circular on Credit Relaxations for Jammu and Kashmir: June 2008
This RBI circular dated June 3, 2008, extends concessions/credit relaxations to borrowers/customers in Jammu and Kashmir
RBI eases commodity hedging for oil refiners
RBI now allows domestic oil refiners to hedge price risk on domestic crude purchases and petro-product sales, and on ant
Export Proceeds Realisation Period Extended to 12 Months
RBI extends export proceeds realisation period from 6 to 12 months for goods/software exports, effective June 2008. SEZ
Write-off of Export Bills Settled by IRDA-Registered Insurers
AD Category-I banks can now write off export bills settled by any IRDA-registered insurance company, not just ECGC. This
Services Sector ECB Liberalised: Hotels, Hospitals, Software Firms Allowed Up to USD 100 Mn
RBI now permits hotels, hospitals, and software companies to raise ECB up to USD 100 million per financial year under Ap
Agricultural Debt Waiver Scheme 2008: Implementation Guidelines
RBI issued operational instructions for the Agricultural Debt Waiver and Debt Relief Scheme, 2008, covering claim reimbu
NRE Account Credit for Foreign Currency Encashment Instruments
RBI now allows AD Category-I banks to credit proceeds of demand drafts or bankers' cheques issued against foreign curren
FDI Reporting: Revised FC-GPR and New KYC Norms
RBI has revised the FC-GPR form for FDI reporting, introduced a standard format (Annex II) for reporting receipt of cons
Revised Capital Deduction Norms for Bank Subsidiaries & Associates
RBI revised capital adequacy norms requiring banks to deduct 50% each from Tier I and Tier II capital for investments in
UCBs: Additional Instructions for Agri Debt Waiver Scheme 2008
RBI issued standardized formats for undertakings and certificates under the Agricultural Debt Waiver and Debt Relief Sch
RBI Raises Minimum NOF to Rs 200 Lakh for Deposit-Taking NBFCs
RBI mandates all deposit-taking NBFCs with NOF below Rs 200 lakh to achieve a minimum Net Owned Fund (NOF) of Rs 200 lak
RBI mandates equal banking access for visually challenged customers
RBI directs all Primary Urban Co-operative Banks to offer full banking facilities—cheque books, ATMs, lockers, net banki
UCB Branch Licensing Liberalised: Annual Business Plan Route
RBI now allows well-managed UCBs in MoU states and multi-state UCBs to expand branches and off-site ATMs via an Annual B
Risk Weight Changes for UCB Housing Loans (2008)
RBI revised risk weights for UCB housing loans: 50% for LTV ≤75% and amount ≤₹30 lakh, 75% for LTV ≤75% and amount >₹30
RBI Withdraws 8 More Circulars for PSBs
RBI, with Government of India, withdrew 8 circulars issued to PSBs between 1991-2004. Banks must review these and adopt
Agri Debt Waiver Scheme 2008: Additional Instructions for Banks
RBI issued additional instructions for implementing the Agricultural Debt Waiver and Debt Relief Scheme 2008, including
Standing Liquidity Facilities Rate Hiked to 8%
RBI raised the fixed repo rate under LAF to 8.00% effective June 11, 2008. Consequently, standing liquidity facilities f
Repo Rate Hiked 25 bps to 8%; Reverse Repo Unchanged
RBI raised the repo rate by 25 bps to 8.00% effective June 12, 2008, to curb inflation. The reverse repo rate stays at 6
Rupee Value of Special Currency Basket Revised to Rs.62.5198
RBI has revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile U
Revised Board Review Calendar for Private Banks
Private sector banks must adopt the same revised calendar of reviews for Board, Management Committee, and Audit Committe
Master Circular on NRI/PIO Remittance Facilities (2008)
RBI consolidated remittance rules for NRIs/PIOs/foreign nationals under FEMA. Key points: current income remittance is f
Revised PSL Reporting Formats for Urban Co-op Banks
RBI has revised reporting formats (Statement II and III) for priority sector lending data by UCBs. Annual submissions to
CRR hike for Scheduled StCBs to 8.75%
RBI raised CRR for Scheduled State Co-operative Banks by 50 bps to 8.75%, effective in two stages from July 5 and July 1
PMLA Compliance: CTR, STR & Risk Monitoring for Co-op Banks
RBI mandates co-operative banks to electronically file CTR/STR to FIU-IND, maintain transaction records in hard and soft
RBI Hikes Repo Rate by 50 bps to 8.50%
RBI raised the repo rate from 8.00% to 8.50% effective June 25, 2008, while keeping the reverse repo rate unchanged at 6
Standing Liquidity Facilities Rate Hiked to 8.50%
RBI raised the fixed repo rate under LAF to 8.50% effective June 25, 2008. Standing liquidity facilities for banks (expo
RBI expands wilful defaulter definition for UCBs
RBI has expanded the wilful defaulter definition for urban co-operative banks to include borrowers who sell or remove co
Valuation of Non-SLR Govt Securities for Co-op Banks
RBI reduced the valuation spread on non-SLR special government securities held by co-operative banks from 50 bps to 25 b
RBI lowers mandatory electronic payment threshold to Rs 10 lakh
RBI has reduced the mandatory electronic payment threshold from Rs 1 crore to Rs 10 lakh for all regulated entities, eff
Agricultural Debt Waiver Scheme 2008: RBI Clarifications
RBI issued clarifications on the Agricultural Debt Waiver and Debt Relief Scheme, 2008, addressing NPA interest treatmen
Master Circular on Call/Notice Money Market Operations
RBI consolidated all call/notice money market guidelines into a single master circular effective July 1, 2008. It covers
RBI Master Circular on Mortgage Guarantee Prudential Norms 2008
RBI consolidated prudential and investment norms for Mortgage Guarantee Companies (MGCs) into a master circular effectiv
Master Circular on Certificates of Deposit (2008)
RBI consolidated all existing CD guidelines into a single master circular effective July 1, 2008. Key rules: minimum dep
Master Circular on Commercial Paper Guidelines – July 2008
RBI consolidated all existing Commercial Paper guidelines into a single Master Circular effective July 1, 2008. Eligible
Master Circular: MNBC Directions 1977 (Updated June 2008)
RBI consolidated the 1977 Directions for Miscellaneous Non-Banking Companies (MNBCs) as of June 30, 2008. These rules go
Master Circular on Fraud Monitoring for NBFCs
RBI consolidated fraud monitoring guidelines for deposit-taking NBFCs, mandating classification, reporting thresholds (R
Master Circular: Exemptions from RBI Act for NBFCs
RBI consolidated exemptions from Chapter III-B of the RBI Act for housing finance institutions, merchant banking compani
NBFC Quarterly Return & Liquid Asset Norms Consolidated
RBI consolidated NBFC/RNBC return filing rules (NBS-3/NBS-3A) and liquid asset requirements as of June 30, 2008. Quarter
Master Circular on Capital Adequacy for Primary Dealers
RBI consolidated all existing capital adequacy and risk management guidelines for standalone Primary Dealers into a sing
Master Circular on Operational Guidelines for Primary Dealers
RBI consolidated all operational guidelines for Primary Dealers (PDs) into a single master circular as of July 1, 2008.
FCRA 1976 Master Circular: Banks' Obligations on Foreign Contributions
RBI issued a master circular updating banks' duties under FCRA 1976. Banks must verify associations are registered with
Master Circular on Miscellaneous Remittances from India – Facilities for Residents
RBI consolidated all instructions on miscellaneous remittances for residents into one master circular, issued July 1, 20
Master Circular on UCB Branch Expansion and Operations
RBI consolidated all guidelines on area of operation, branch authorisation, extension counters, ATMs, and office shiftin
Master Circular on Credit Card Operations – 2008
RBI consolidated all credit card guidelines for banks and NBFCs into a single Master Circular as of July 1, 2008. It cov
Master Circular on Para-Banking Activities (2008)
RBI consolidated all para-banking guidelines for scheduled commercial banks (excluding RRBs) as of June 30, 2008. This c
Master Circular on Broker Appointment and Brokerage for Relief/Savings Bonds
RBI merged two master circulars into one covering broker appointment, delisting, and brokerage payment for Relief/Saving
Master Circular: Nomination Facility in Relief/Savings Bonds
RBI consolidated all instructions on nomination for Relief/Savings Bonds into a master circular, effective July 1, 2008.
Master Circular on Priority Sector Lending (2008)
RBI issued a consolidated Master Circular on Priority Sector Lending, compiling all existing guidelines up to June 30, 2
RBI Master Circular: Investment Portfolio Norms for FIs (2008)
RBI consolidated prudential norms for classification, valuation, and operation of investment portfolios for All-India Te
Master Circular on SGSY: Consolidated Guidelines for Banks
RBI issued a master circular consolidating all existing instructions on the Swarnajayanti Gram Swarozgar Yojana (SGSY) a
Master Circular: Bank Finance to NBFCs (2008)
RBI consolidated all instructions on bank lending to NBFCs as of June 30, 2008. Key change: ceiling on bank credit linke
Master Circular - Disclosure in Financial Statements - Notes to Accounts
RBI consolidated all operative instructions on disclosures in 'Notes to Accounts' for commercial banks (excluding RRBs)
Master Circular on SC/RC Directions 2008
RBI consolidated all directions for Securitisation Companies/Reconstruction Companies (SCs/RCs) as of June 30, 2008. Key
Master Circular: Securitisation & Reconstruction Companies Guidelines 2003
RBI consolidated its 2003 guidelines for Securitisation Companies (SCs) and Reconstruction Companies (RCs) as of June 30
Master Circular on Wilful Defaulters: Key Updates
RBI consolidated all existing instructions on wilful defaulters into a single Master Circular effective July 1, 2008. It
Fraud Classification and Reporting Master Circular 2008
RBI issued a consolidated Master Circular on fraud classification and reporting for banks, updated as of June 30, 2008 a
Master Circular on Capital Adequacy for UCBs (2008)
RBI consolidated all capital adequacy guidelines for Urban Co-operative Banks (UCBs) into one master circular as of July
Master Circular on Income Recognition, Asset Classification & Provisioning for UCBs
RBI consolidated all prudential norms for Urban Co-operative Banks (UCBs) on income recognition, asset classification, a
Master Circular on Branch Authorisation – July 2008 Update
RBI issued an updated Master Circular on Branch Authorisation under Section 23 of the Banking Regulation Act, 1949, cons
PMLA Compliance: UCBs Must File CTR/STR Electronically
RBI mandates all Primary Urban Co-operative Banks to electronically file Cash Transaction Reports (CTR) and Suspicious T
Basel I Capital Adequacy Norms Master Circular 2008
RBI consolidated Basel I capital adequacy norms for banks not yet on Basel II. This circular sets risk weights, capital
Master Circular on Export of Goods and Services (2008)
RBI consolidated all export-related FEMA instructions into one Master Circular for Category-I AD banks, effective July 1
Master Circular on Maintenance of Deposit Accounts for UCBs
RBI consolidated all deposit account guidelines for Urban Co-operative Banks into a single master circular dated July 1,
Master Circular on Direct Investment Abroad by Residents
RBI consolidated rules for resident direct investment in JV/WOS abroad under FEMA. Covers automatic route, funding metho
Master Circular on Urban Co-op Bank Investments (2008)
RBI consolidated all investment guidelines for Primary Urban Co-operative Banks into a single Master Circular as of July
Master Circular on Foreign Investment in India (2008)
RBI consolidated all FEMA rules on foreign investment, immovable property acquisition, branch/liaison office setup, and
Suri Friends' Union Co-op Bank: RBI extends restrictive directions by 3 months
RBI has extended its supervisory directions on The Suri Friends' Union Co-operative Bank Ltd., Suri, West Bengal, for th
RBI Master Circular on Penal Interest for Currency Chest Reporting Lapses
RBI consolidated rules on penal interest for delayed/wrong/non-reporting of currency chest transactions, shortages, and
Master Circular: Pension Disbursement by Agency Banks (2008)
RBI consolidated all instructions on pension disbursement by agency banks as of June 30, 2008. Key updates include direc
Master Circular on Direct Tax Collection via OLTAS
RBI updated its master circular on direct tax collection through OLTAS, consolidating instructions up to June 2008. Agen
Master Circular on Exposure Norms (2008)
RBI consolidated all credit and capital market exposure norms for scheduled commercial banks (excluding RRBs) into a sin
Master Circular: Statutory & Other Restrictions on Loans and Advances
RBI consolidated all existing instructions on statutory and regulatory restrictions for loans and advances into a single
Master Circular on Guarantees and Co-acceptances
RBI consolidated all existing guidelines on bank guarantees and co-acceptances into a single master circular as of July
Agricultural Debt Waiver: Composite Loans for Livestock Now Eligible
RBI clarifies that composite loans for poultry, sheep, piggery, or cattle farming—including amounts used for sheds, pens
RBI Master Circular on RRB Branch Licensing
RBI consolidated all branch licensing rules for RRBs into a single master circular. RRBs must now get prior approval fro
Master Circular on Board of Directors for Urban Co-operative Banks
RBI consolidated all instructions on UCB board composition, roles, and professionalism up to June 30, 2008. Key mandates
Priority Sector Lending Master Circular for UCBs (2008)
RBI consolidated all priority sector lending instructions for Primary (Urban) Co-operative Banks as of June 30, 2008. Ke
Master Circular on Risk Management and Inter-Bank Dealings (2008)
RBI consolidated all instructions on risk management and inter-bank dealings into one master circular, effective July 1,
UCB Balances with IDBI Bank: CRR/SLR Treatment under Sections 18(1)(c) and 24(2)(a) of B.R. Act, 1949 (AACS)
Balances held by Urban Co-operative Banks in current accounts with IDBI Bank Limited cannot be counted as 'net balance i
Master Circular on Agency Commission for Government Business
RBI revised agency commission for government business to a per-transaction basis from July 1, 2005: Rs.45 per receipt, 9
ECB Security Norms: AD Banks Can Now Issue No-Objection
RBI now allows AD Category-I banks to issue 'no objection' under FEMA for creating charge on immovable assets, financial
RBI Mandates Equal Banking Access for Visually Challenged
RBI directs all StCBs/DCCBs to offer all banking facilities—cheque books, ATMs, lockers, net banking, retail loans, cred
Master Circular on CRR & SLR for Urban Co-op Banks (2008)
RBI consolidated all existing instructions on CRR and SLR for Primary (Urban) Co-operative Banks into a single Master Ci
Fraud Classification & Reporting Master Circular for Urban Co-op Banks
RBI issued an updated Master Circular on fraud classification and reporting for Primary Urban Co-operative Banks, consol
Master Circular on ECB and Trade Credits (2008)
RBI consolidated all ECB and trade credit rules into one master circular effective July 1, 2008, with a one-year sunset
Master Circular: Note and Coin Exchange Rules for Banks
RBI consolidated rules for exchanging soiled, mutilated, and defective notes. Banks must freely exchange cut notes in tw
Master Circular on Counterfeit Note Detection and Impounding
RBI consolidated instructions on detecting and impounding counterfeit notes. All bank branches and treasuries must stamp
Master Circular on New Capital Adequacy Framework (NCAF) 2008
RBI consolidated all NCAF guidelines into a single master circular effective July 1, 2008, covering Pillar 1 capital req
Master Circular on Export Credit Refinance Facility
RBI consolidated export credit refinance (ECR) rules as of July 1, 2008. Scheduled banks (excluding RRBs) can avail ECR
Master Circular on CRR & SLR for Urban Co-op Banks (2008)
RBI consolidated all operative instructions on CRR and SLR for Primary (Urban) Co-operative Banks into a single Master C
TDS on 8% Savings Bonds 2003: CBDT Clarifications
RBI conveys CBDT clarifications that TDS on 8% Savings (Taxable) Bonds, 2003 applies from June 1, 2007, regardless of in
RBI clarifies DTA/DTL treatment for NBFC capital adequacy
RBI directs NBFCs to deduct deferred tax assets (DTA) from Tier I capital and exclude deferred tax liabilities (DTL) fro
Repo Rate Hiked to 9%: Standing Liquidity Facilities Priced Higher
RBI raised the fixed repo rate by 50 bps to 9.0% effective July 29, 2008. Consequently, standing liquidity facilities fo
RBI Hikes Repo Rate by 50 bps to 9%
RBI raised the repo rate from 8.5% to 9.0% effective July 30, 2008, while keeping the reverse repo rate unchanged at 6.0
RBI Tightens Credit Card Rules: Unsolicited Cards & Recovery Agents
RBI mandates banks to reverse charges and pay double penalty for unsolicited credit cards, with full liability for misus
RRBs must offer all banking facilities to visually challenged
RBI mandates RRBs to provide all banking facilities—cheque books, ATMs, lockers, net banking, retail loans, credit cards
RBI Puts Mobile Payment Services on Hold Until Final Guidelines
RBI has directed banks to halt mobile payment services (except basic alerts/balance checks) until final guidelines are i
E-payment Remittance Period for Govt Transactions Tightened
From August 1, 2008, PSBs must remit all government e-payments (EASIEST, OLTAS) within T+2 working days, reducing to T+1
UCBs Get New Capital Instruments: Preference Shares & Long-Term Deposits
RBI now allows Urban Co-operative Banks to issue preference shares (Tier I & II) and long-term deposits (Tier II) to boo
Lead Bank Responsibility for New Chhattisgarh Districts
RBI assigns State Bank of India as Lead Bank for two new Chhattisgarh districts—Narayanpur and Bijapur—effective May 1,
RBI Allows Banks to Trade Currency Futures on Exchanges
RBI permits scheduled commercial banks (AD Category I) meeting net worth of Rs 500 crore, 10% CRAR, net NPA below 3%, an
RBI Introduces Currency Futures Trading in India
RBI has permitted currency futures on recognized stock exchanges for residents, initially only for USD-INR. This adds ex
DRI Scheme: Income Limit for Semi-Urban Areas Clarified
RBI clarifies that the revised Rs. 24,000 income limit for urban areas under the Differential Rate of Interest (DRI) sch
Rough Diamond Import: Advance Remittance Expanded to Two More Mining Firms
RBI expands advance remittance facility for rough diamond imports to include Rio Tinto (Belgium) and BHP Billiton (Belgi
EEFC Account Interest Facility Withdrawn from Nov 1, 2008
RBI withdraws the temporary interest-earning facility on EEFC accounts for exporters, effective November 1, 2008. All EE
NBFC-ND-SI: Stricter Capital, Liquidity & Disclosure Norms
RBI hikes minimum CRAR for systemically important non-deposit taking NBFCs (NBFC-ND-SI) to 12% by March 31, 2009 and 15%
RBI Closes Export Credit Interest Subvention Scheme
RBI has closed the interest rate subvention scheme on rupee export credit effective September 30, 2008. Banks must notif
Agri Debt Waiver 2008: Prudential Norms for Co-op Banks
RBI issued prudential norms for co-op banks on the 2008 Agricultural Debt Waiver Scheme. Banks must transfer eligible wa
Agri Debt Waiver 2008: Prudential Norms for UCBs
RBI issued prudential norms for UCBs on the Agricultural Debt Waiver and Debt Relief Scheme 2008, covering income recogn
Second LAF on Reporting Fridays from Aug 1, 2008
RBI introduces a second Liquidity Adjustment Facility (SLAF) on reporting Fridays, effective August 1, 2008, to help ban
RBI Mandates Comprehensive Notice Boards for Banks
RBI has standardized branch notice boards into four categories—customer service, charges, grievance redressal, and other
Savings Bonds now eligible as collateral for bank loans
Government now allows pledge of 7% Savings Bonds 2002, 6.5% Savings Bonds 2003 (Non-taxable), and 8% Savings (Taxable) B
Rupee Value of Special Currency Basket Revised to Rs. 60.4392
RBI revised the rupee value of the special currency basket for deferred payment protocols with the erstwhile USSR to Rs.
Advance Remittance for Imports: Limit Raised to USD 5 Million
RBI has raised the limit for advance remittance without a bank guarantee from USD 1 million to USD 5 million for importe
RBI Updates Approved Supplier Name for Rough Diamond Imports
RBI notifies AD Category-I banks that Diamond Trading Company Pvt. Ltd., UK has been renamed De Beers UK Limited effecti
RBI to Publicly Disclose Penalties on Co-operative Banks
RBI will now issue press releases disclosing penalties imposed on state and central co-operative banks under Section 47(
Lease Disputes: RBI Tightens Branch Premises Compliance
RBI advises all commercial banks (excluding RRBs) to ensure branches/offices have valid, subsisting lease agreements. Pr
Lead Bank Duties for New MP Districts Assigned
RBI assigned lead bank responsibilities for two new Madhya Pradesh districts: Bank of Baroda for Alirajpur and Union Ban
RBI allows hospital trusts/societies to invest overseas
RBI now permits registered trusts and societies that operate hospitals in India to invest in joint ventures or wholly ow
Export Shipping Documents: Direct Dispatch Liberalised
RBI now allows AD Category-I banks to regularise direct dispatch of shipping documents by exporters to consignees up to
RBI Warns Public Against Fake Foreign Fund Offers
RBI cautions against fictitious lottery and money circulation schemes promising cheap foreign funds. Remittances for suc
RBI Mandates Comprehensive Notice Boards for Urban Co-op Banks
RBI has directed all Primary (Urban) Co-operative Banks to display a standardized Comprehensive Notice Board (minimum 2x
UCBs: New Rules for Unclaimed Deposits & Dormant Accounts
RBI directs Urban Co-operative Banks to proactively trace customers of inoperative accounts, review accounts idle for ov
RBI raises advance remittance limit for service imports to USD 500,000
RBI has increased the threshold for advance remittances for import of services without a bank guarantee from USD 100,000
IDBI Bank Name Change in RBI Second Schedule
RBI notified that Industrial Development Bank of India Limited's name in the Second Schedule was changed to IDBI Bank Li
Overseas Investment: AD Banks to Hold Evidence Documents
RBI has shifted the responsibility for holding share certificates or evidence of overseas investment from itself to AD C
Nomination Facility for Joint Holders of Savings Bonds
RBI now allows joint holders of 7% Savings Bonds 2002, 6.5% Savings Bonds 2003 (Non-taxable), and 8% Savings (Taxable) B
RBI raises limit for direct import bill remittances to USD 300,000
RBI has increased the threshold for AD Category-I banks to remit import payments directly to overseas suppliers from USD
RBI Mandates Cash Acceptance at All Bank Counters
RBI has directed all scheduled commercial banks (excluding RRBs) to accept cash deposits over the counter from all custo
RBI Cuts Trade Credit Tenor for Platinum, Palladium, Rhodium, Silver Imports to 90 Days
RBI has slashed the maximum maturity for suppliers' and buyers' credit (including LC usance) for importing platinum, pal
RBI mandates stronger grievance redressal for urban co-op banks
RBI directs all Primary (Urban) Co-operative Banks to set up a robust grievance redressal mechanism. Banks must maintain
RBI Harmonises Restructuring Norms for All Advances
RBI aligned prudential guidelines for restructuring advances across all borrower categories, removing distinctions betwe
RBI Relaxes Cap on Drawee Branches for Rupee Drawing Arrangements
RBI now permits AD Category-I banks to designate over 300 drawee branches under Rupee Drawing Arrangements, provided bra
RBI Tightens ALM Norms for Urban Co-op Banks: New Buckets & Limits
RBI has revised ALM guidelines for scheduled UCBs, splitting the 1-14 day liquidity bucket into three (Next day, 2-7 day
RBI Mandates DoT-Registered Telemarketers for Banks
RBI directs all commercial banks (excluding RRBs) to use only telemarketers registered with the Department of Telecommun
RBI Revises NRE and FCNR(B) Deposit Interest Rate Ceilings
RBI has revised interest rate ceilings for NRE and FCNR(B) deposits effective September 16, 2008. NRE term deposits (1-3
Additional LAF Liquidity Support Against SLR Shortfall
RBI allows banks to borrow up to 1% of NDTL as extra LAF liquidity, temporarily, even if it causes SLR shortfall. Banks
RBI Makes Second LAF Daily from Sept 17, 2008
RBI expanded the Second Liquidity Adjustment Facility (SLAF) to daily operations from September 17, 2008, to ease short-
RBI to Publicly Disclose Penalties on RRBs
RBI will now issue press releases disclosing penalties imposed on Regional Rural Banks under Section 47(A) of the Bankin
RRBs: Settlement of Claims for Missing Persons
RBI directs RRBs to formulate a policy for settling claims of missing persons, using court presumption of death under In
RBI mandates quick-glance rate and fee display on bank websites
RBI has prescribed a standard format for banks to display interest rates and service charges on their websites, enabling
RRB Lease Guidelines Liberalised: Key Compliance Steps
RBI has extended lease/rental guidelines for scheduled commercial banks to RRBs. RRBs must ensure all branches have vali
RBI Tightens Info Sharing Rules for Consortium/Multiple Banking
RBI mandates banks to obtain borrower declarations on existing credit, exchange account conduct data quarterly via Annex
FCNR(B) Deposit Rate Ceiling Revised for UCBs
RBI has raised the interest rate ceiling on FCNR(B) deposits for AD Category-I UCBs from LIBOR/SWAP minus 75 bps to minu
RBI Caps NRE Deposit Rates for UCBs at LIBOR/SWAP + 50 bps
RBI has capped NRE term deposit rates for urban co-operative banks at LIBOR/SWAP plus 50 basis points for 1-3 year matur
Interest on Accounts Frozen by Enforcement Authorities
RBI mandates that for frozen term deposits, banks must renew at maturity with customer consent, pay overdue interest if
RBI Cracks Down on Duplicate CIN in e-Payment Transactions
RBI has reiterated that branches designated for e-payment must not accept physical challans and must upload data with 'I
FCNR(B) Deposit Rate Ceiling Revised to LIBOR/SWAP Minus 25 bps
RBI has revised the interest rate ceiling on FCNR(B) deposits for Regional Rural Banks from LIBOR/SWAP minus 75 bps to m
RBI Caps NRE Deposit Rates at LIBOR/SWAP + 50 bps
RBI capped NRE term deposit rates for 1-3 year maturities at LIBOR/SWAP plus 50 bps, effective September 16, 2008. This
FCNR(B) Deposit Rate Ceiling Revised to LIBOR/SWAP Minus 25 bps
RBI has raised the interest rate ceiling on FCNR(B) deposits from LIBOR/SWAP minus 75 bps to minus 25 bps, effective Sep
NRE Deposit Rate Cap Revised to LIBOR/SWAP + 50 bps
RBI capped NRE term deposit rates at LIBOR/SWAP plus 50 bps for 1-3 year maturities, effective September 16, 2008. This
ALM Guidelines Extended to Tier II UCBs
RBI mandates all Tier II Urban Co-operative Banks (non-scheduled) to adopt Asset-Liability Management (ALM) systems to m
Liquidity Risk Management Guidelines for Tier I UCBs
RBI has issued basic liquidity risk management guidelines for Tier I Urban Co-operative Banks, requiring them to prepare
UCBs Allowed to Hedge Forex via Currency Futures
RBI now permits Urban Co-operative Banks (UCBs) authorized as AD Category I or II to participate in SEBI-recognized curr
RRB CRR Cut by 50 bps to 8.50% from Oct 11, 2008
RBI reduced CRR for Regional Rural Banks by 50 bps from 9.00% to 8.50% of NDTL, effective fortnight starting October 11,
Centurion Bank of Punjab Ltd removed from RBI Schedule II
RBI excluded Centurion Bank of Punjab Ltd from the Second Schedule of the RBI Act, 1934, effective May 23, 2008. This me
Rupee Value of Special Currency Basket Revised to Rs.63.0186
RBI has revised the rupee value of the special currency basket for deferred payment protocols with the erstwhile USSR to
UCBs: Lease Disputes – RBI Mandates Review & Reporting
RBI directs Primary Cooperative Banks to review all branch/office lease agreements and report any landlord disputes to t
Revised Quarterly Reporting for SCs/RCs under SARFAESI
RBI has revised the SCRC 1 and SCRC 2 quarterly statement formats for Securitisation Companies and Reconstruction Compan
RBI Monitoring Framework for Mid-Sized NBFCs (Rs 50-100 Cr)
RBI now requires non-deposit taking NBFCs with assets between Rs 50 crore and Rs 100 crore to file a quarterly return on
NBFC Auditor Report Directions 2008: Key Updates
RBI superseded the 1998 auditor directions for NBFCs with new 2008 rules. Auditors must now submit a separate report to
FCEB Scheme 2008 Operationalised for Indian Companies
RBI operationalises the FCEB Scheme 2008, allowing Indian promoter group companies to issue foreign currency bonds excha
Access Criteria for National Payment Systems (RTGS & NEFT)
RBI has set minimum financial standards for banks to join RTGS and NEFT: net worth of Rs 50 crore, CRAR of 9%, net NPAs
Interest Tax Act Revival: UCBs Must Deposit Excess Collections to Trust
RBI directs Urban Co-operative Banks to deposit excess interest tax collected via rounding off to a Supreme Court-mandat
Floating Provisions for Agri Debt Waiver Interest
RBI allows banks to use floating provisions on advances to absorb interest/charges they must bear under the Agricultural
Primary Auction Settlement: Fund Shortage Penalty
RBI mandates that banks and primary dealers must fund primary auction settlements separately by 3:00 PM on settlement da
RBI Tightens NPA Norms for Derivative Exposures
RBI now treats overdue receivables from derivative contracts as NPAs if unpaid for 90 days, impacting borrower-wise asse
CRR Cut for Urban Co-op Banks: 150 bps Reduction
RBI slashed CRR for Scheduled Primary (Urban) Co-operative Banks by 150 bps to 7.50% of NDTL, effective October 11, 2008
CRR slashed by 150 bps to 7.50% from Oct 11, 2008
RBI cut CRR by 150 bps to 7.50% of NDTL, effective Oct 11, 2008, replacing an earlier 50 bps reduction. This was a respo
RRB CRR Cut Deepened to 150 bps from Oct 11, 2008
RBI slashed CRR for Regional Rural Banks by 150 bps to 7.50% of NDTL, effective fortnight starting October 11, 2008, rep
CRR cut for Scheduled State Co-operative Banks to 7.50%
RBI slashed CRR for Scheduled State Co-operative Banks by 150 bps to 7.50% of NDTL, effective fortnight starting October
Revised General Notification for Government Securities Issuance
RBI issued a revised General Notification (Oct 8, 2008) superseding the 1997 notification, consolidating terms for Gover
RBI clarifies cross-holding limit for bank equity investments
RBI clarifies that a bank's proprietary holdings in another bank are capped at 5% of paid-up capital, but fiduciary hold
ECB Policy: Mining, Exploration & Refining Now Infrastructure
RBI has expanded the definition of 'Infrastructure sector' for ECB purposes to include mining, exploration, and refining
RBI issues operative guidelines for mobile banking
RBI has released operating guidelines for mobile banking, effective immediately, to ensure a level playing field as the
SLR Treatment for Salary Earners UCB Deposits Extended
RBI extends compliance deadline for Salary Earners Urban Co-operative Banks to March 31, 2009, on deducting loans availe
CRR Cut for Urban Co-op Banks: 50 bps Relief
RBI reduced CRR for Scheduled Primary (Urban) Co-operative Banks by 50 bps from 9.00% to 8.50% of NDTL, effective fortni
CRR Cut for Scheduled State Co-operative Banks by 50 bps
RBI reduced CRR for Scheduled State Co-operative Banks from 9.00% to 8.50% of NDTL, effective fortnight starting October
Additional SLR Support for Mutual Fund Liquidity
RBI allows banks temporary additional SLR support up to 0.5% of NDTL exclusively for mutual fund liquidity needs, on top
RBI Doubles Overseas Borrowing Limit for AD Category-I Banks
RBI has raised the overseas borrowing limit for AD Category-I banks from 25% to 50% of unimpaired Tier I capital, or USD
Savings Bonds Now Eligible as Collateral for UCB Loans
RBI has enabled scheduled urban co-op banks to accept 7% Savings Bonds 2002, 6.5% Savings Bonds 2003 (Non-taxable), and
Temporary Liquidity Support for Agricultural Operations
RBI provides Rs.25,000 crore temporary liquidity to banks and NABARD against outstanding agri advances, linked to debt w
RBI Launches Daily Special Fixed Rate Repo for Mutual Fund Liquidity
RBI introduces a daily special fixed rate repo at 9% per annum, up to a cumulative Rs 20,000 crore, to help banks meet m
RBI Temporarily Allows Loans Against CDs Held by Mutual Funds
RBI has temporarily allowed banks to lend against Certificates of Deposit (CDs) held by mutual funds and to buy back the
Exim Bank USD 20 mn Line of Credit to Myanmar for Wire Factory
RBI notifies AD Category-I banks of Exim Bank's USD 20 million Line of Credit to Myanma Foreign Trade Bank for financing
Exim Bank's $64.07 Mn Line of Credit to Myanmar for Power Projects
RBI notifies AD Category-I banks about Exim Bank's USD 64.07 million Line of Credit to Myanma Foreign Trade Bank for fin
Special Fixed Rate Repo for Mutual Fund Liquidity
RBI announced a special fixed rate repo at 9% for Rs.20,000 crore on October 14, 2008, to help banks meet mutual fund li
PMEGP Scheme Implementation for Banks
RBI requests all scheduled commercial banks (including RRBs) to take appropriate action for the new Prime Minister Emplo
RBI advises banks to disburse sanctioned loans and restructure SME dues
RBI has advised banks to release working capital and term loans against sanctioned limits where drawing power exists and
RBI Allows Banks to Trade Interest Rate Futures
RBI now permits banks to take trading positions in Interest Rate Futures (IRFs), expanding beyond earlier hedging-only u
RBI Cuts Repo Rate by 100 bps to 8.0%
RBI slashed the repo rate by 100 basis points to 8.0% with immediate effect (October 20, 2008), to ease liquidity pressu
FII Investment Allocation: 70:30 Debt-Equity Ratio Scrapped
RBI has removed the mandatory 70:30 debt-equity investment ratio for FIIs, aligning with SEBI's October 16, 2008 circula
CRR Cut for Urban Co-op Banks: 250 bps Reduction to 6.5%
RBI slashed CRR for Scheduled Primary (Urban) Co-operative Banks by 100 bps more, totaling 250 bps from 9% to 6.5% of ND
RBI Hikes NRE Deposit Rate Cap for Co-op Banks to LIBOR+100 bps
RBI raised the ceiling on NRE term deposit rates for StCBs and DCCBs from LIBOR/SWAP plus 50 bps to plus 100 bps, effect
CRR Cut for Scheduled StCBs: 250 bps Reduction to 6.50%
RBI slashed CRR for Scheduled State Co-operative Banks by 250 bps to 6.50% of NDTL, effective from the fortnight startin
FCNR(B) Deposit Rate Ceiling Raised to LIBOR/SWAP + 25 bps
RBI has increased the interest rate ceiling on FCNR(B) deposits from LIBOR/SWAP minus 25 bps to plus 25 bps, effective O
RBI Eases NRE Deposit Rate Cap for UCBs to 100 bps Over LIBOR/SWAP
RBI has raised the ceiling on NRE term deposit rates for Urban Cooperative Banks from LIBOR/SWAP plus 50 bps to plus 100
RBI Hikes NRE and FCNR(B) Deposit Rate Ceilings for RRBs
RBI raised the interest rate ceiling on NRE term deposits (1-3 years) to LIBOR/SWAP plus 100 bps (from plus 50 bps) and
FCNR(B) Deposit Rate Ceiling Raised for UCBs
RBI has raised the FCNR(B) deposit interest rate ceiling for AD Category-I UCBs from LIBOR/SWAP minus 25 bps to plus 25
RRB CRR Cut: 250 bps Reduction to 6.50%
RBI slashed CRR for Regional Rural Banks by 250 bps to 6.50% of NDTL, effective October 11, 2008. This follows a 150 bps
Rupee Value of Special Currency Basket Revised to Rs. 65.4398
RBI has revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile U
RBI Hikes NRE and FCNR(B) Deposit Rate Ceilings
RBI raised the interest rate ceiling on NRE term deposits (1-3 years) to LIBOR/SWAP + 100 bps (from +50 bps) and on FCNR
RBI Special Refinance Facility (SRF) – Nov 2008
RBI introduced a Special Refinance Facility (SRF) under Section 17(3B) of the RBI Act, 1934, allowing scheduled commerci
RBI cuts repo rate by 50 bps to 7.5% amid easing inflation
RBI reduced the repo rate from 8.0% to 7.5% effective November 3, 2008, citing lower inflation risks and growth concerns
Repo Rate Cut to 7.5%: Standing Liquidity Facilities Cheaper
RBI cut the fixed repo rate under LAF by 50 bps to 7.5% effective Nov 3, 2008. Standing liquidity facilities for banks (
Special 14-Day Fixed Rate Repo: SLR Relief for NBFC/MF Funding
RBI extends a temporary 14-day special term repo facility up to ₹60,000 crore outstanding, allowing banks to use SLR rel
Relaxation in NPA Classification for FX Derivatives
RBI relaxes borrower-wise NPA classification for certain FX derivatives. Positive MTM receivables from non-plain-vanilla
RBI Extends Rupee Export Credit Interest Rate Cap Till April 2009
RBI has extended the validity of existing interest rate caps on rupee export credit until April 30, 2009. Banks must con
Relief/Savings Bonds: Enhanced Investor Rights & Automation Mandate
RBI mandates agency banks to update Savings Bonds application forms with amplified investor rights (maturity date info,
RBI extends export credit interest rate cap till April 2009
RBI has extended the interest rate ceiling on pre-shipment (up to 180 days) and post-shipment (up to 90 days) rupee expo
ECB Policy Liberalised: Higher Limits, Lower Maturity Norms, New End-Uses
RBI has liberalised ECB policy: automatic route limit raised to USD 500 million per borrower per year, 7-year maturity r
RBI Cuts Interest Rate on Agri Liquidity Support to 8%
RBI reduced the interest rate on temporary liquidity support for agricultural operations to the prevailing repo rate of
RBI extends relaxations on loans to mutual funds against CDs
RBI has extended the temporary relaxations on loans to mutual funds against and buy-back of Certificates of Deposits, or
Repo Rate Cut to 8%: Standing Liquidity Facilities Cheaper
RBI slashed the fixed repo rate under LAF by 100 bps to 8.0% effective immediately. Standing liquidity facilities for ba
Exim Bank's USD 20 mn Line of Credit to Rwanda
RBI notifies AD Category-I banks about Exim Bank's USD 20 million line of credit to Rwanda for a power project. Banks mu
Exim Bank's USD 33 Million Line of Credit to Lao PDR
RBI notifies AD Category-I banks about Exim Bank's USD 33 million line of credit to Lao PDR for financing Indian exports
Exim Bank's USD 10.59 mn Line of Credit to Suriname
RBI notifies AD Category-I banks about Exim Bank's USD 10.59 million Line of Credit to the Government of Suriname, effec
Exim Bank's USD 100 mn Line of Credit to Sri Lanka for Railway Upgrade
RBI notifies AD Category-I banks about Exim Bank's USD 100 million Line of Credit to Sri Lanka for railway line upgradat
Housing Loan Restructuring: 10-Year Cap Removed
RBI has removed the 10-year repayment ceiling for restructured housing loans, making them eligible for special regulator
Temporary Liquidity Support for Agricultural Operations Extended
RBI extends temporary liquidity support for agricultural operations until December 5, 2008, with interest now linked to
SLR Cut & Extra LAF Support for NBFCs and MFs
RBI made the 1% SLR reduction permanent from Nov 8, 2008, and allowed banks extra 1.5% SLR relaxation exclusively for NB
CRR Cut for Scheduled State Co-operative Banks by 100 bps
RBI reduced CRR for Scheduled State Co-operative Banks from 6.50% to 5.50% of NDTL in two stages: 6.00% effective Oct 25
CRR Cut for Urban Co-op Banks: 100 bps Reduction
RBI reduced CRR for Scheduled UCBs by 100 bps to 5.50%, effective in two stages from October 25 and November 8, 2008, to
RRBs CRR Cut: 100 bps Reduction to 5.50%
RBI reduced CRR for Regional Rural Banks by 100 bps to 5.50% of NDTL, effective in two stages from October 25 and Novemb
RRB SLR reduced from 25% to 24% of NDTL
RBI reduced SLR for Regional Rural Banks from 25% to 24% of NDTL, effective fortnight starting November 8, 2008, to ease
CRR Cut by 100 bps to 5.50% in Two Stages
RBI reduced CRR by 100 basis points from 6.50% to 5.50% of NDTL, effective in two stages: 6.00% from October 25, 2008, a
RBI Hikes NRE Deposit Rate Cap for UCBs to LIBOR+175 bps
RBI raised the maximum interest rate on fresh NRE term deposits (1-3 year maturity) for Urban Cooperative Banks from LIB
RRB Branch Licensing Liberalised: Profit & NPA Conditions
RBI eased branch licensing for RRBs: profitable RRBs with improving net worth and net NPA ≤8% can open new branches, pro
NRE Deposit Rate Cap Raised to LIBOR/Swap + 175 bps
RBI raised the maximum interest rate on fresh NRE term deposits (1-3 year maturity) from LIBOR/SWAP plus 100 bps to plus
FCNR(B) Deposit Rate Ceiling Raised to LIBOR/Swap + 100 bps
RBI has raised the interest rate ceiling on FCNR(B) deposits from LIBOR/SWAP plus 25 bps to plus 100 bps, effective Nove
UCBs: No PV Loss Provision on Govt Interest for Debt Waiver Scheme
RBI exempts Urban Co-operative Banks from provisioning for present value loss on interest paid by the Government of Indi
Special Fixed Rate Repo Extended Till March 2009
RBI extends the special 14-day fixed rate repo facility until end-March 2009, with a cumulative outstanding limit of Rs
Export Credit Refinance Limit Raised to 50%
RBI has increased the export credit refinance (ECR) limit from 15% to 50% of eligible outstanding rupee export credit, e
RBI Hikes NRE and FCNR(B) Deposit Rate Ceilings
RBI raised NRE term deposit rate ceiling to LIBOR/SWAP plus 175 bps (from plus 100 bps) and FCNR(B) ceiling to LIBOR/SWA
Exim Bank's $25 mn Line of Credit to Syria
RBI notifies AD Category-I banks about Exim Bank's USD 25 million Line of Credit to Syria for financing eligible Indian
RBI allows bank guarantees for commodity hedging margins
RBI now permits AD Category-I banks to issue standby LCs or bank guarantees for margin payments on approved commodity he
NRE Account Credit: Account Payee Cheques Now Allowed
RBI now permits AD Category-I banks to credit NRE accounts using account payee cheques from foreign currency encashment,
RBI Clarifies Export Credit Subvention Floor Rate and Eligibility
RBI clarifies that the 2% or 4% export credit subvention applies with a floor rate of 7% post-subvention, effective from
FCCB Buyback Rules Liberalised: Automatic & Approval Routes
RBI has liberalised premature buyback of FCCBs. Under the automatic route, AD banks can allow buyback at a minimum 15% d
SRF Rate Cut to 6.5% Following Repo Reduction
RBI cut the repo rate by 100 bps to 6.5% from Dec 8, 2008. Consequently, the Special Refinance Facility (SRF) for schedu
Temporary Liquidity Support for Agricultural Operations Enhanced
RBI raised the temporary liquidity support limit for scheduled banks to Rs. 7,500 crore and for NABARD to Rs. 2,500 cror
Rupee Value of Special Currency Basket Revised to Rs 62.5050
RBI has revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile U
3% Interest Subvention on Short-Term Crop Loans for 2008-09
Government raised interest subvention from 2% to 3% for short-term crop loans up to Rs 3 lakh for 2008-09. PSBs, rural c
RBI eases float and collateral norms for exchange house vostro accounts
RBI has increased the maximum float period for DDA accounts from 3 to 5 days and reduced the collateral requirement for
RRB Housing Loans: Delhi HC Order on Farmhouses Clarified
RBI clarifies that Delhi High Court directions on housing loans do not apply to farmhouses on agricultural land outside
RBI clarifies rules for foreign ops of Indian banks
Indian banks' foreign branches and subsidiaries must comply with Indian banking laws unless RBI permits otherwise. Plain
RBI Extends Concessional Post-Shipment Export Credit Tenor to 180 Days
RBI has extended the concessional interest rate (BPLR minus 2.5%) on post-shipment rupee export credit from 90 to 180 da
Housing Loans: Delhi HC Order Exemption for Farmhouses on Agricultural Land Constructed by Farmers
RBI clarifies that Delhi High Court directions on housing loans do not apply to farmhouses constructed by farmers on agr
StCBs/DCCBs: No PV Loss Provision on Govt Dues Under Debt Waiver Scheme
RBI has exempted StCBs and DCCBs from making present value loss provisions on amounts receivable from the Government of
RBI Hikes FCNR(B) Deposit Rate Ceiling for UCBs
RBI raised the interest rate ceiling on FCNR(B) deposits for AD Category-I UCBs from LIBOR/SWAP plus 25 bps to plus 100
RRB Schedule Inclusion/Exclusion: 25 New, 76 Removed
RBI included 25 amalgamated RRBs in the Second Schedule and excluded 76 erstwhile RRBs, effective September 22, 2008. Th
JSC VTB Bank Added to RBI Second Schedule
RBI has officially included JSC VTB Bank in the Second Schedule of the RBI Act, 1934, making it a scheduled commercial b
RBI Extends Transition Period for MF Loans and IPCs to March 2009
RBI has extended the transition period for banks to comply with capital market exposure norms on loans to mutual funds a
RBI Tightens Offshore Outsourcing Rules for Indian Banks
RBI added new conditions for offshore outsourcing of Indian operations: banks must ensure regulators don't obstruct RBI
RBI Eases Restructuring Norms for CRE and Second Restructuring
RBI temporarily allows commercial real estate exposures restructured by June 30, 2009 to retain standard asset classific
RBI allows card payments for foreign exchange purchases
RBI now permits travellers to use debit, credit, or prepaid cards to pay for foreign exchange for travel abroad, in addi
Priority Sector Tag for Bank Loans to HFCs
RBI allows bank loans to NHB-approved HFCs for individual housing up to Rs 20 lakh per unit to count as priority sector,
RBI eases interest on overdue export bills up to 180 days
Banks may now charge post-shipment rupee export credit rates (not exceeding BPLR minus 2.5 percentage points) on overdue
UCBs: Housing Loan Rules for Farmhouses on Agricultural Land Clarified
RBI clarifies that Delhi High Court monitoring committee directions on housing loans do not apply to farmhouses on agric
RBI cuts repo and reverse repo rates by 100 bps each
RBI slashed the repo rate from 7.5% to 6.5% and reverse repo rate from 6% to 5%, effective December 8, 2008, to ease liq
Repo Rate Cut to 6.5%: Standing Liquidity Facilities Aligned
RBI cut the fixed repo rate under LAF by 100 bps to 6.5% from Dec 8, 2008. Standing liquidity facilities for banks (expo
Repo Rate Cut: Standing Liquidity Facilities Cheaper
RBI slashed the fixed repo rate under LAF by 100 bps to 5.5% effective Jan 2, 2009. Standing liquidity facilities for ba
SRF Interest Rate Cut to 5.5%
RBI cut the repo rate by 100 bps to 5.5%, effective Jan 2, 2009. Consequently, the Special Refinance Facility (SRF) for
RBI caps NBFC interest rates: transparency and board oversight mandated
RBI directs all NBFCs (excluding RNBCs) to adopt a board-approved interest rate model, disclose rates and risk gradation
Repo and Reverse Repo Rates Cut by 100 bps
RBI slashed repo rate from 6.5% to 5.5% and reverse repo rate from 5% to 4%, effective January 5, 2009, to address globa
Rupee Value of Special Currency Basket Revised to Rs. 67.0394
RBI revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
UCBs: Higher SLR in Govt Securities by 2011
RBI mandates non-scheduled UCBs to gradually increase SLR holdings in government/approved securities to 25% of NDTL by M
Revised Receipt for Counterfeit Note Impounding
RBI has updated the receipt format for impounded counterfeit notes to include specific reasons why a note is deemed coun
MSME Issues Must Be Discussed in All SLBC Meetings
RBI directs all SLBC convenors to ensure MSME sector financial needs are discussed in every SLBC meeting, following the
Rupee Value of Special Currency Basket Revised to Rs. 64.9196
RBI revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
ACU Settlement Now in Both Dollar and Euro
From Jan 1, 2009, ACU participants can settle in ACU Dollar or ACU Euro. AD Category-I banks may open accounts in both c
Exim Bank's USD 25 mn Line of Credit to Madagascar
RBI notifies AD Category-I banks about Exim Bank's USD 25 million Line of Credit to Madagascar for rice productivity and
RBI Mandates Full Fee Disclosure for Co-op Banks
RBI directs StCBs and DCCBs to disclose all processing fees, charges, and all-in-cost in loan application forms, and to
UCBs: Cheque Collection Timelines & Penalty Interest
RBI mandates UCBs to credit local cheques same/next day, outstation cheques within 7/10/14 days, and pay interest at FD
RBI Reiterates Collateral-Free Loans Up to Rs 5 Lakh for MSEs
RBI has reiterated that banks must extend collateral-free loans up to Rs 5 lakh to all new loans for Micro and Small Ent
Palwal District Lead Bank Assigned to Oriental Bank of Commerce
RBI assigns Lead Bank responsibility for Haryana's new Palwal district to Oriental Bank of Commerce, effective August 13
Faster USD Cheque Collection for UCBs: RBI Guidelines
RBI directs UCBs to improve USD cheque collection by making policies transparent, reducing transit time by 2-3 days, pay
UCB Capital Instruments: PNCPs, Preference Shares, LTDs
RBI clarifies that PNCPs count as shares for share-linking norms, bans loans against preference shares, and allows exist
Exim Bank's USD 25 mn Line of Credit to Ghana
RBI notifies AD Category-I banks about Exim Bank's USD 25 million Line of Credit to Ghana for ICT, railway, and agro-pro
RRB CRR Cut: 50 bps Reduction to 5%
RBI reduced CRR for Regional Rural Banks by 50 bps from 5.50% to 5.00% of NDTL, effective fortnight starting January 17,
CRR cut for StCBs: 50 bps reduction to 5.00%
RBI reduced CRR for Scheduled State Co-operative Banks by 50 bps from 5.50% to 5.00% of NDTL, effective fortnight starti
CRR cut for Urban Co-op Banks by 50 bps to 5%
RBI reduced CRR for Scheduled Primary (Urban) Co-operative Banks by 50 basis points from 5.50% to 5.00% of NDTL, effecti
CRR Cut by 50 bps to 5.00% Effective Jan 17, 2009
RBI reduced CRR by 50 bps from 5.50% to 5.00% of NDTL, effective fortnight starting January 17, 2009. This frees up liqu
RBI Eases Restructuring Norms for Stressed Assets (2009)
RBI extended special regulatory treatment for restructuring of advances to cover accounts that were standard on Septembe
RBI Extends Restructuring Deadline for Standard Accounts to March 31, 2009
RBI has extended the deadline for banks to take up restructuring of eligible standard accounts from January 31, 2009 to
Revised Inter-Bank Deposit Limits for Urban Co-op Banks
RBI revised prudential limits for UCBs placing deposits with other banks: gross inter-bank exposure capped at 20% of tot
UCBs: Revised Non-SLR Investment Rules
RBI has revised Non-SLR investment guidelines for Primary Urban Co-operative Banks. The 10% of total deposits cap remain
UCB Balances with IDBI Bank: CRR/SLR Exemption
RBI exempts Primary Urban Co-operative Banks from maintaining CRR/SLR on current account balances held with IDBI Bank Li
UCBs: Agricultural Debt Waiver Scheme 2008 – Amendment Circular 2009
RBI forwards Govt of India's Jan 14, 2009 letter amending the Agricultural Debt Waiver & Debt Relief Scheme, 2008. Urban
Exim Bank's USD 29.5 mn Line of Credit to Central African Republic
RBI notifies AD Category-I banks about Exim Bank's USD 29.50 million Line of Credit to the Central African Republic for
Exim Bank's USD 25 mn Line of Credit to Senegal
RBI notified AD banks of Exim Bank's USD 25 mn line of credit to Senegal for rural electrification and fishing projects.
RTGS Saturday timings extended; RBI nudges banks to boost usage
RBI extended RTGS customer transaction cut-off on Saturdays to 12:30 PM and interbank to 2:30 PM, effective January 10,
RBI 2009: Financial Inclusion Claims Overstated, Accounts Dormant
RBI's 2009 evaluation of 26 districts found that declared 100% financial inclusion was overstated; many no-frills accoun
UCBs: Statutory auditors cannot do internal/concurrent audit (2009 circular)
RBI bars statutory auditors from also handling internal or concurrent audit assignments for the same Urban Co-operative
UCBs: Strengthening Info Sharing in Consortium/Multiple Banking
RBI directs urban co-op banks to improve borrower information sharing under consortium/multiple banking to curb frauds.
UCBs must reimburse failed ATM transactions within 12 days
RBI mandates that all Primary Urban Co-operative Banks must reimburse customers for failed ATM transactions within 12 da
RBI Amendment to NBFC Investment Specifications (2009)
This 2009 RBI notification amends the 1998 Directions to allow NBFCs accepting public deposits to invest in term deposit
Diamond Dollar Account Scheme Liberalised: AD Banks Get Nod
RBI has delegated powers to AD Category-I banks to permit eligible diamond/gemstone exporters to open Diamond Dollar Acc
UCBs: Expanded Professional Certification for Consortium Lending
RBI now allows Urban Co-operative Banks to accept diligence reports from Chartered Accountants and Cost Accountants, in
Indo-Nepal Remittance: Revised Service Charges
RBI has revised service charges for Indo-Nepal remittances via NEFT. Originating banks can charge max Rs 5 per transacti
RBI expands professional certification options for multiple banking arrangements
RBI now allows Chartered Accountants and Cost Accountants, besides Company Secretaries, to certify borrower compliance u
UCBs: Service Charges for Electronic Payments & Cheque Collection
RBI directs all Primary Urban Co-operative Banks to implement a standardised framework for service charges on electronic
RRBs Must Fix Cheque Collection Timelines: NCDRC Order
RBI directs RRBs to adopt NCDRC-mandated timelines: local cheques cleared same/next day, outstation cheques in 7/10/14 d
American Express Banking Corp. Added to RBI Schedule II
RBI added American Express Banking Corp. to the Second Schedule of the RBI Act, 1934, via notification dated December 4,
RBI Hikes Ceiling on Foreign Currency Export Credit Rates
RBI raised the ceiling rate on foreign currency export credit from LIBOR + 100 bps to LIBOR + 350 bps, effective immedia
Basel II Advanced Approaches: RBI Draft Timeline for Indian Banks
RBI proposes a phased timeline for banks to adopt advanced Basel II approaches: IMA for market risk (earliest applicatio
RBI Delegates Freight Hedging Powers to AD Banks
RBI now allows AD Category-I banks to approve freight hedging for domestic oil-refining and shipping companies. Hedging
Revised Prudential Guidelines on Restructuring of Advances for UCBs
RBI issued revised restructuring guidelines for Urban Co-operative Banks, superseding all earlier instructions, to addre
UCBs: Security Measures for Card Transactions
RBI directs all Primary Urban Co-operative Banks to adopt enhanced risk mitigation and security measures for online cred
RBI Cuts Repo and Reverse Repo Rates by 50 bps
RBI reduced the repo rate from 5.5% to 5.0% and reverse repo rate from 4.0% to 3.5%, effective March 5, 2009, to address
State Bank of Saurashtra Removed from RBI Schedule II
RBI notified that State Bank of Saurashtra has been excluded from the Second Schedule of the RBI Act, 1934, effective fr
NBFC Reporting: Hard Copy & Excel Return for Mid-Size Firms
NBFCs with asset size ₹50–100 crore must now submit their quarterly return as hard copy and Excel soft copy to their reg
RBI Extends Restructuring Norms to All-India FIs
RBI has extended prudential guidelines on restructuring of advances to select all-India FIs (Exim Bank, NABARD, NHB, SID
Exim Bank's $10M Line of Credit to Gambia for National Assembly Building
RBI notifies AD Category-I banks about Exim Bank's USD 10 million Line of Credit to Gambia for constructing its National
Exim Bank's USD 15 mn Line of Credit to Sierra Leone
RBI notified AD Category-I banks about Exim Bank's USD 15 million Line of Credit to Sierra Leone for financing Indian ex
Rupee Value of Special Currency Basket Revised to Rs. 65.0272
RBI revised the rupee value of the special currency basket under deferred payment protocols with the erstwhile USSR to R
Co-op Banks: New Rules for Unclaimed & Dormant Accounts
RBI directs State and Central Co-operative Banks to proactively trace customers of inoperative accounts, classify accoun
Liquidity Support for Large NBFCs via SPV
RBI introduced a government-approved scheme for systemically important non-deposit taking NBFCs (assets ≥ Rs 100 crore)
RBI mandates 2FA and alerts for card-not-present transactions
From August 1, 2009, banks must implement additional authentication (using data not on the card) for all online card-not
UCBs must certify computer records for court evidence
RBI advises all Primary (Urban) Co-operative Banks to attach a statutory certificate under Section 2A(a) and (b) of the
RBI Extends Transition Period for MF Loans and IPCs to June 30, 2009
RBI has extended the transition period for banks to comply with capital market exposure norms on loans to mutual funds a
RBI allows online download of GR export declaration forms
RBI now lets exporters download GR Forms from its website instead of buying them from regional offices. This simplifies
RRBs get one-year MTM exemption extension for SLR securities
RBI extended the mark-to-market exemption for RRBs' SLR securities by one more year to FY 2008-09, allowing them to clas
RBI Extends 2% Export Credit Subvention by Six Months
RBI extends 2% interest subvention on rupee export credit for six more months, from April 1 to September 30, 2009, for t
FY09 Year-End: Special Measures for Government Account Closing
RBI directs agency banks to extend banking hours on March 30-31, 2009, and conduct special same-day clearing to ensure a
Debt Relief Scheme: Extended First Instalment Date for Other Farmers
RBI extends the first instalment repayment date for 'other farmers' under the Debt Relief Scheme to March 31, 2009. Grac
Rupee Value of Special Currency Basket Revised to Rs. 67.2425
RBI revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
FCCB Buyback Deadline Extended to Dec 31, 2009
RBI extends the deadline for completing FCCB buyback procedures from March 31, 2009 to December 31, 2009. All other term
UBS AG Added to RBI Second Schedule
RBI added UBS AG to the Second Schedule of the RBI Act, 1934, effective February 6, 2009. This grants the foreign bank s
RBI Rationalises Money Changing Guidelines for Authorised Persons
RBI has consolidated and rationalised all instructions on money changing activities, including AML guidelines, into a si
UCBs: Agri Debt Waiver – First Instalment Deadline Extended
RBI extends the first instalment repayment deadline for 'other farmers' under the Debt Relief Scheme from Sep 30, 2008 t
Restructuring Advances: Asset Classification Clarifications
RBI clarifies that mere receipt of a restructuring application does not prevent an account from slipping to NPA. Standar
RBI Tightens Norms on Unsecured Advances Disclosure
RBI now requires banks to treat project-related rights, licenses, and authorizations as intangible, not tangible, securi
Exim Bank USD 4.3 mn LOC to Suriname for Fire Tenders
RBI notifies AD Category-I banks about Exim Bank's USD 4.3 million Line of Credit to Suriname for financing ten crash fi
Accessibility Mandate for Bank Branches and ATMs
RBI advises all scheduled commercial banks (excluding RRBs) to install ramps at existing and future ATMs and branch entr
Nomination Acknowledgment and Recording for Co-op Banks
RBI mandates StCBs/DCCBs to strictly acknowledge all nomination forms and record 'Nomination Registered' on passbooks/FD
RBI defers floating provision rule, encourages buffer building
RBI has deferred a March 2009 rule that would have restricted floating provisions. For FY 2008-09 only, banks can choose
RBI Revises Fair Value Diminution for Restructured Loans
RBI clarifies that principal cash flows must be included when computing fair value loss on restructured loans, rejecting
RBI Tweaks Preference Share Rules for Regulatory Capital
RBI partially modified guidelines for preference shares as regulatory capital, clarifying dividend/coupon payment rules
RBI removes interest rate spread cap on PD Tier II/III bonds
RBI has removed the 200 bps ceiling on interest rate spreads for subordinated Tier II and Tier III bonds issued by stand
FDI Transfer Reporting: Revised FC-TRS Form & 60-Day Rule
RBI has revised the FC-TRS form for reporting sale transfers of equity instruments to non-residents. A mandatory 60-day
RBI Extends Special Refinance Facility Till March 2010
RBI has extended the Special Refinance Facility (SRF) under Section 17(3B) of the RBI Act until March 31, 2010. Banks ca
Annual Compliance Certificate for Outsourcing of Financial Services
RBI now mandates all commercial banks (excluding RRBs) to submit an annual compliance certificate detailing outsourcing
RBI Allows Banks to Issue Guarantees Beyond 10 Years
RBI now permits scheduled commercial banks to issue guarantees with maturities exceeding 10 years, previously capped. Ba
SC/RCs cannot buy assets from each other; can restructure loans
RBI clarified that one SC/RC cannot acquire financial assets from another SC/RC under SARFAESI Act, as they are neither
Special Term Repo Facility Extended Till March 2010
RBI extends the special 14-day term repo facility for banks until March 31, 2010, with weekly auctions from April 27, 20
UCB Capital Instruments: Preference Share Dividend Rules Tweaked
RBI partially modified preference share dividend/coupon payment rules for UCBs. Missed dividends on perpetual non-cumula
RBI Tightens Security Norms for Regional Rural Banks
RBI has mandated stricter security for RRBs due to rising extremist threats. Banks must implement a detailed checklist c
Repo Rate Cut to 4.75%: Standing Liquidity Facilities Cheaper
RBI cut the fixed repo rate under LAF by 25 bps to 4.75% effective April 21, 2009. Standing liquidity facilities for ban
RBI Reiterates Two-Tier Checking for RTGS Transactions
RBI has reiterated that maker-checker facility is mandatory for RTGS data entry, requiring digital signatures and encryp
RBI eases corporate guarantee norms for aircraft operating leases
AD Category-I banks can now convey FEMA 'no objection' for corporate guarantees to overseas lessors for aircraft/engine/
UCB Restructuring: Fair Value Computation Updated
RBI revised the formula for computing erosion in fair value of restructured advances for UCBs. The new method uses BPLR
RBI raises loan limit against NRE/FCNR deposits to Rs 100 lakh
RBI has increased the maximum loan against NRE/FCNR(B) deposits from Rs 20 lakh to Rs 100 lakh for depositors or third p
FCCB Buyback Limit Raised to USD 100 Mn with Tiered Discounts
RBI increased the FCCB buyback limit from USD 50 Mn to USD 100 Mn per company, using internal accruals, with tiered mini
ECB All-in-Cost Ceiling Relaxation Extended to Dec 2009
RBI extends the waiver of all-in-cost ceilings on ECB under the approval route until December 31, 2009, to ease pressure
RBI Extends Export Credit Interest Rate Cap Till Oct 2009
RBI has extended the interest rate ceiling on rupee export credit (pre-shipment up to 270 days and post-shipment up to 1
RRB Schedule Updates: 8 Banks In, 29 Out
RBI included 8 amalgamated RRBs in the Second Schedule and excluded 29 erstwhile RRBs, effective January 27, 2009. This
Certified Copies for Courts: Co-op Banks Must Follow Evidence Act
RBI mandates all StCBs and DCCBs to attach a statutory certificate under Section 2A of the Bankers' Books Evidence Act,
RBI Notifies Final Guidelines for Prepaid Payment Instruments
RBI has issued final guidelines for prepaid payment instruments under the Payment and Settlement Systems Act, 2007. All
NBFC Vehicle Repossession: RBI Clarifies Fair Practices Code
RBI mandates NBFCs to include a legally enforceable repossession clause in loan agreements, specifying notice periods, r
CRAR Hike Deferred for NBFCs-ND-SI
RBI has deferred the CRAR increase for systemically important non-deposit taking NBFCs (asset size Rs. 100 crore and abo
BC Distance Norm Relaxed to 30 km for Financial Inclusion
RBI doubled the maximum distance between a BC's location and its base branch from 15 km to 30 km for rural, semi-urban,
Savings Bank Interest to Be Calculated on Daily Product Basis from April 2010
RBI mandates scheduled commercial banks to calculate savings bank interest on a daily product basis from April 1, 2010,
RBI Extends SR Redemption Timeline by 2 Years
RBI has allowed SCs/RCs an additional two years to redeem security receipts that have already completed the original fiv
RTGS: Stop Routing Customer Payments via Inter-Bank Window
RBI has warned banks against routing customer RTGS payments through the inter-bank window after the customer window clos
Nostro Account Reconciliation: New Rules for Old Entries
RBI eases rules for small-value nostro entries under USD 2500, allowing transfer of old credit balances to P&L and write
Exim Bank's USD 25 mn Line of Credit to Mozambique for IT Park
RBI notifies AD Category-I banks about Exim Bank's USD 25 million Line of Credit to Mozambique's government for an IT Pa
RBI Tightens Rules on Shifting Securities Between Investment Categories
RBI now allows StCBs and DCCBs to shift securities from permanent to current category (or vice versa) only once a year,
RBI Extends Restructuring Norms to Select FIs
RBI has directed select all-India FIs (Exim Bank, NABARD, NHB, SIDBI) to follow the same prudential guidelines on restru
RBI cuts repo and reverse repo rates by 25 bps in April 2009
RBI reduced the repo rate from 5.00% to 4.75% and reverse repo rate from 3.50% to 3.25%, effective April 21, 2009, as pa
UCB Restructuring: Board Composition Norm Relaxed
RBI has removed the mandatory requirement for a Board of Administrators with depositor representatives and professional
RRBs: 'Controlling Office' Renamed to 'Regional Office'
RBI has directed all Regional Rural Banks to replace the term 'Controlling Office' with 'Regional Office' in their branc
RBI Working Group on MSE Credit: Key Actions for Banks
RBI has directed banks to implement the Chakrabarty Working Group's recommendations for timely credit flow to MSEs, incl
Rupee Export Credit Interest Rates Extended Till Oct 2009
RBI extended the validity of existing rupee export credit interest rate ceilings (BPLR minus 2.5%) from May 1 to October
UCBs must make branches and ATMs accessible to disabled persons
RBI directs all Primary Urban Co-operative Banks to install ramps at branches and ATMs, adjust ATM heights for wheelchai
RBI bans bank guarantees for corporate bonds and debt instruments
RBI has clarified that banks cannot issue guarantees for corporate bonds or debt instruments. Existing rules on guarante
RRBs Must Attach Statutory Certificate with Computer Evidence to Courts
RBI mandates all Regional Rural Banks to attach a certificate under Section 2A of the Bankers' Books Evidence Act, 1891
CRAR Hike Deadline Extended for Large NBFCs
RBI deferred CRAR implementation for non-deposit taking NBFCs with assets of Rs 100 crore and above: 12% by March 31, 20
J&K credit relaxations extended to March 2010
RBI extends credit concessions for J&K borrowers by one more year, up to March 31, 2010. Banks must continue applying th
Capital Adequacy Norms for Bank Exposures to Central Counterparties
RBI assigns zero capital charge for bank exposures to CCPs from derivatives and securities financing, as daily collatera
MSE Credit Norms Clarified: RRBs & LABs Exempted
RBI clarified that its December 2008 guidelines on credit delivery to micro and small enterprises apply only to schedule
RBI Bans StCBs/CCBs from Commercial Real Estate Lending
RBI has directed State and Central Cooperative Banks to stop financing commercial real estate, as their primary role is
RRBs: Unclaimed Deposits & Dormant Account Rules (2009)
RBI directs RRBs to proactively trace account holders of inoperative accounts, review accounts idle for over one year, a
Tiruppur District Lead Bank Assigned to Canara Bank
RBI assigns Canara Bank as Lead Bank for the newly formed Tiruppur district in Tamil Nadu, carved from Coimbatore and Er
RRBs: Service Charges for Electronic Payments & Cheque Collection
RBI enclosed DPSS circulars for RRBs prescribing charge frameworks for electronic payment products (RTGS/NEFT/ECS), outs
RRBs Must Acknowledge Nomination and Display Nominee Name
RBI mandates RRBs to acknowledge nomination forms in writing, display 'Nomination Registered' on passbooks/FDRs, and opt
UCBs: Credit Delivery to Micro and Small Enterprises
RBI directs Primary Urban Cooperative Banks to implement Working Group recommendations for timely credit flow to MSEs, i
NPA Tagging Relief Extended to All Credit Societies Under On-Lending
RBI extends NPA tagging concession to all credit societies under on-lending: only the irregular facility turns NPA, not
UCB Dividend Declaration Rules Under CAMELS Rating
RBI has replaced the old gradation system with CAMELS rating for UCBs. Now, UCBs can declare dividends without prior RBI
RBI Allows Banks to Install Off-Site ATMs Without Prior Approval
RBI has permitted scheduled commercial banks to install off-site ATMs at any location without prior approval, subject to
RBI mandates DR drills for RTGS/NDS/CFMS participants
RBI reiterates that all RTGS, NDS, and CFMS participants must maintain backup sites and actively join disaster recovery
NBFC Capital Treatment for Deferred Tax Assets and Liabilities
RBI clarifies that NBFCs must deduct deferred tax assets (DTA) from Tier I capital, net of deferred tax liabilities (DTL
SCSS 2004: Nominees Can Now Submit Form 15-G for TDS Exemption (CBDT Clarification May 14, 2009)
RBI has allowed nominees of deceased SCSS 2004 depositors to submit Form 15-G to claim TDS exemption on interest, per CB
RBI eases closure norms for small fraud cases
RBI now allows banks to close fraud cases up to Rs 25 lakh for statistical purposes even if CBI/Police probe or court tr
NBFC-ND-SI Rules Trigger at Rs 100 Crore Asset Threshold
Any non-deposit taking NBFC crossing Rs 100 crore in assets must immediately comply with NBFC-ND-SI regulations, even if
Property Valuation & Valuer Empanelment Norms for Co-op Banks
RBI mandates StCBs/DCCBs to adopt a Board-approved policy for property valuation, use independent valuers, and obtain tw
SLBC Sub-Committee for Export Promotion: Formation & Meetings
RBI directs SLBC convenor banks to form or activate a Sub-Committee for Export Promotion, ensuring regular meetings to a
RBI Master Circular on NBFC Corporate Governance (2009)
RBI consolidated corporate governance rules for NBFCs as of July 2009. Key recommendations: audit partner rotation every
SRMS Scheme Extended to Sept 2009: Banks Must Disburse Loans
RBI extends the Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS) deadline to September 30, 2009. Ba
Prudential Treatment of Loan Provisions for Urban Co-op Banks
RBI clarifies that additional NPA provisions above minimum rates can be netted from gross NPAs but not counted as Tier I
Agri Debt Waiver: OTS & Instalment Flex for Co-op Banks
RBI allows 'other farmers' to pay 75% in one lump sum by June 30, 2009 for 25% govt relief. Banks may accept less than 7
RBI Extends Transition Period for Bank Loans to MFs and IPCs
RBI has extended the transition period for banks to comply with capital market exposure norms for loans to mutual funds
Fraud Coordination Under Multiple Banking Arrangements
RBI mandates banks to share fraud details immediately under multiple banking arrangements to prevent repeat frauds. Lend
RBI Mandates Banks to Share Credit Reports with Customers
RBI directs all scheduled commercial banks (excluding RRBs and LABs) and notified AIFIs to provide customers their own c
RRB Property Valuation & Valuer Empanelment Rules
RBI mandates RRBs to adopt a Board-approved policy for property valuation, requiring two independent reports for assets
UCBs: 2% Interest Subvention on Rupee Export Credit (June-Sept 2009)
Scheduled Primary (Urban) Cooperative Banks with AD Category I licences must charge 2% lower interest on rupee export cr
RRBs: 'Controlling Office' Renamed 'Regional Office'
RBI has clarified that RRBs can rename their 'Controlling Offices' and 'Area Offices' as 'Regional Offices'. This replac
Exim Bank's USD 166.23 mn Line of Credit to Ethiopia for Sugar Industry
RBI notified AD Category-I banks about Exim Bank's USD 166.23 million Line of Credit to Ethiopia for sugar industry deve
RBI Updates NBFC Prudential Norms Master Circular (2007 Directions Updated to June 30, 2009)
RBI issued an updated Master Circular consolidating all prudential norms for deposit-taking NBFCs and RNBCs as of June 3
Priority Sector Lending Master Circular 2009
RBI consolidated all priority sector lending guidelines into a single Master Circular as of July 1, 2009, covering targe
Master Circular: Prudential Norms on IRAC & Provisioning (2009)
RBI consolidated all IRAC and provisioning guidelines for commercial banks (excluding RRBs) as of June 30, 2009. This ma
NBFC Auditor Report Directions 2008 Master Circular (Updated to June 30, 2009)
RBI consolidated NBFC auditor reporting rules into a Master Circular updated to June 30, 2009. Auditors must submit an a
RBI Updates NBFC Returns Specifications Master Circular 1997
RBI issued Master Circular DNBS (PD) CC No.147/03. 02.01/ 2009-10 consolidating all instructions on NBFC returns specifi
Master Circular: Exemptions from RBI Act, 1934 for NBFCs
RBI consolidated exemptions from Chapter III-B of the RBI Act for housing finance institutions, merchant banking compani
Master Circular on Fraud Monitoring for NBFCs
RBI updated its master circular on fraud monitoring for deposit-taking NBFCs, issued July 1, 2009. It mandates timely re
Master Circular on Miscellaneous Non-Banking Companies Directions 1977
RBI issued a master circular consolidating all instructions under the Miscellaneous Non-Banking Companies Directions, 19
RBI Master Circular on KYC & AML for NBFCs (2009)
RBI issued a master circular consolidating KYC/AML guidelines for NBFCs, MNBCs, and RNBCs as of June 30, 2009. All NBFCs
RBI Master Circular for Residuary Non-Banking Companies (2009)
RBI updated its Master Circular for Residuary Non-Banking Companies (RNBCs) as of June 30, 2009, consolidating all instr
SARFAESI Guidelines Updated: Master Circular June 2009
RBI updated its Master Circular for Securitisation and Reconstruction Companies (SCs/RCs) as of June 30, 2009, consolida
Master Circular on Securitisation/Reconstruction Companies (2009)
RBI consolidated all instructions for Securitisation/Reconstruction Companies (SCs/RCs) into a single Master Circular as
RBI Master Circular on Exposure Norms for FIs (2009)
RBI consolidated exposure norms for all-India term-lending and refinancing institutions (Exim Bank, NABARD, NHB, SIDBI)
Master Circular on Nomination for Relief/Savings Bonds
RBI consolidated all existing instructions on nomination for Relief/Savings Bonds into a single master circular, updated
Master Circular on Certificates of Deposit (2009)
RBI consolidated all existing guidelines on Certificates of Deposit (CDs) into a single Master Circular effective July 1
Master Circular on Call/Notice Money Market Operations
RBI consolidated all existing call/notice money market guidelines into a single Master Circular, effective July 1, 2009.
Master Circular on Capital Adequacy for Primary Dealers
RBI consolidated all existing capital adequacy and risk management guidelines for standalone Primary Dealers into a sing
Master Circular on Operational Guidelines for Primary Dealers (2009)
RBI consolidated all operational guidelines for Primary Dealers (PDs) into a single master circular as of July 1, 2009,
Master Circular: SJSRY Priority Sector Lending Guidelines
RBI consolidated all prior instructions on Swarna Jayanti Shahari Rozgar Yojana (SJSRY) into a single Master Circular ef
Master Circular on Credit Facilities for SCs/STs
RBI consolidated all prior instructions on priority sector lending to Scheduled Castes and Scheduled Tribes into a singl
Master Circular on SGSY: Consolidated Priority Sector Guidelines
RBI issued a master circular consolidating all existing guidelines on the Swarnajayanti Gram Swarozgar Yojana (SGSY) as
Master Circular on Foreign Investment in India (2009)
RBI consolidated all rules on foreign investment in India into one master circular, covering FDI, portfolio investments,
Master Circular on Direct Investment Abroad (2009)
RBI consolidated rules for residents investing in JVs/WOS abroad under FEMA. Key points: automatic route for eligible in
Master Circular on Remittance Facilities for NRIs/PIOs/Foreign Nationals
RBI consolidated remittance rules for NRIs, PIOs, and foreign nationals into one master circular, effective July 1, 2009
Master Circular on Risk Management and Inter-Bank Dealings (2009)
RBI consolidated all instructions on risk management and inter-bank dealings into one Master Circular, covering forward
Master Circular on ECB and Trade Credits (2009)
RBI consolidated all ECB and trade credit rules into one master circular effective July 1, 2009, with a one-year sunset
Master Circular on Import of Goods and Services (2009)
RBI consolidated all import-related forex rules into one Master Circular for AD Category-I banks. It covers advance remi
Master Circular: Loans & Advances – Statutory & Other Restrictions (2009)
RBI consolidated all statutory and regulatory restrictions on loans and advances for scheduled commercial banks (excludi
Master Circular: Interest Rates on Rupee Deposits (Domestic, NRO, NRE)
RBI consolidated all directives on interest rates for domestic, NRO, and NRE rupee deposits as of July 1, 2009. This cir
Fraud Classification and Reporting: Updated Master Circular
RBI's updated Master Circular consolidates fraud reporting norms as of June 30, 2009. Banks must report frauds promptly,
Master Circular on Credit Card Operations – 2009
RBI consolidated all credit card guidelines for banks and NBFCs into a single Master Circular as of July 1, 2009, coveri
Master Circular on Para-Banking Activities (2009)
RBI consolidated all guidelines on para-banking activities for scheduled commercial banks (excluding RRBs) as of July 1,
Master Circular on Branch Authorisation 2009
RBI updated its Master Circular on Branch Authorisation under Section 23 of the Banking Regulation Act, 1949, consolidat
Master Circular: Resource Raising Norms for FIs (2009)
RBI consolidated resource raising norms for Exim Bank, NABARD, NHB, and SIDBI into a single master circular as of July 1
RBI Master Circular on FI Investment Portfolio Norms (2009)
RBI consolidated prudential norms for classification, valuation, and operation of investment portfolios for all-India te
FCRA Master Circular: Banks' Role in Foreign Contributions
RBI consolidated FCRA, 1976 guidelines for banks on handling foreign contributions. Banks must verify associations are M
Master Circular on Guarantees and Co-acceptances (2009)
RBI consolidated all existing guidelines on bank guarantees and co-acceptances into a single Master Circular effective J
Master Circular on Exposure Norms (2009)
RBI consolidated all exposure norms for scheduled commercial banks (excluding RRBs) into a single master circular as of
RBI Master Circular on Commercial Paper Guidelines (2009)
RBI consolidated all existing CP guidelines into a single Master Circular effective July 1, 2009. Key rules: minimum net
ADWDR 2008: OTS Payment Flexibility for RRBs
RRBs can now allow 'other farmers' to pay their 75% OTS share in one lump sum by June 30, 2009, to qualify for 25% gover
Penal Interest on Currency Chest Reporting Delays
RBI mandates same-day reporting of currency chest transactions via ICCOMS by 9 PM, with link offices consolidating by 11
Fraud Classification and Reporting for Urban Co-op Banks
RBI's 2009 master circular consolidates fraud reporting rules for Primary Urban Co-operative Banks, mandating timely rep
Master Circular on Housing Finance for Urban Co-op Banks
RBI consolidated housing finance guidelines for UCBs as of July 1, 2009. Banks can lend to individuals, societies, and h
Master Circular: Guarantees, Co-Acceptances & Letters of Credit for UCBs
RBI consolidated all instructions on guarantees, co-acceptances, and letters of credit for Primary Urban Co-operative Ba
Master Circular on Deposit Account Maintenance for UCBs
RBI issued a consolidated Master Circular for Primary (Urban) Co-operative Banks on maintaining deposit accounts, updati
Master Circular on Investments by Urban Co-op Banks (2009)
RBI consolidated all investment guidelines for Primary Urban Co-operative Banks into one master circular as of July 1, 2
Master Circular on NRO Accounts (2009)
RBI consolidated all NRO account rules into one master circular effective July 1, 2009, with a one-year sunset clause. I
Master Circular on Management of Advances for UCBs (2009)
RBI consolidated all advance management guidelines for Urban Co-operative Banks (UCBs) as of June 30, 2009. This master
Priority Sector Lending Master Circular for UCBs (2009)
RBI consolidated priority sector lending guidelines for Urban Co-operative Banks as of July 1, 2009. Key categories incl
Master Circular on Customer Service for UCBs
RBI issued a consolidated master circular on customer service for urban co-operative banks, updating all instructions up
Master Circular on Area of Operation, Branch Authorisation Policy, Opening/Upgradation of Extension Counters, ATMs and Shifting/Splitting/Closure of Offices - UCBs (2009)
RBI consolidated all instructions on area of operation, branch authorisation, extension counters, ATMs, and office shift
Master Circular on CRR & SLR for Urban Co-op Banks (2009)
RBI consolidated all existing instructions on CRR and SLR for Primary Urban Co-operative Banks (PCBs) into a single Mast
Master Circular on Board of Directors for UCBs (2009)
RBI consolidated all guidelines on Board of Directors for Primary Urban Co-operative Banks as of June 30, 2009. Key upda
Master Circular: Interest Rates on Rupee Deposits for UCBs (2009)
RBI consolidated all instructions on interest rates for rupee deposits at Primary Urban Co-operative Banks as of June 30
Master Circular on Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS)
RBI consolidates all instructions on SRMS into a master circular, replacing the old NSLRS scheme. Banks must implement S
MSME Lending Master Circular 2009: Key Updates
RBI consolidated all MSME lending guidelines into a single Master Circular as of July 1, 2009, incorporating the MSMED A
Master Circular on Housing Finance – July 2009
RBI consolidated all housing finance instructions into a single Master Circular effective July 1, 2009, covering direct/
Master Circular on Interest Rates on Advances – July 2009
RBI consolidated all instructions on interest rates for advances into a single master circular, updating previous guidel
FCNR(B) Deposit Master Circular 2009: Key Updates for Banks
RBI updated its FCNR(B) deposit master circular as of July 1, 2009, consolidating all instructions issued up to June 30,
Master Circular on Use of Hindi in Public Sector Banks
RBI updated its master circular on Hindi use in public sector banks, consolidating instructions issued up to June 30, 20
Exim Bank's USD 20 mn LOC to Myanmar for Petrochemical Project
RBI notifies AD Category-I banks about Exim Bank's USD 20 million line of credit to Myanma Foreign Trade Bank for upgrad
Master Circular on Exposure Norms for UCBs (2009)
RBI consolidated exposure norms for Urban Co-operative Banks (UCBs) as of June 30, 2009. Key limits: individual borrower
Capital Adequacy Master Circular for Urban Co-op Banks (2009)
RBI consolidated prudential norms on capital adequacy for Primary (Urban) Co-operative Banks as of July 1, 2009. The cir
Master Circular on IRAC Norms for UCBs (2009)
RBI consolidated all income recognition, asset classification, and provisioning guidelines for Urban Co-operative Banks
Master Circular on Disclosure Norms for FIs (2009)
RBI consolidated disclosure norms for all-India term-lending and refinancing institutions (Exim Bank, NABARD, NHB, SIDBI
RBI Master Circular on Agency Commission for Government Business
RBI revised agency commission for government business from turnover to transaction basis effective July 1, 2005 (circula
Master Circular: Pension Disbursement by Agency Banks (2009)
RBI consolidated instructions for agency banks on government pension disbursement, focusing on faster Dearness Relief pa
Master Circular on Collection of Direct Taxes - OLTAS
RBI updated its master circular on collection of direct taxes through OLTAS, consolidating instructions up to end June 2
Master Circular on Counterfeit Note Detection and Impounding
RBI updated its master circular on detecting and impounding counterfeit notes, effective July 1, 2009. All banks and tre
Master Circular: Note and Coin Exchange Rules
RBI consolidated rules for exchanging soiled, mutilated, and defective notes at bank branches. Banks must freely exchang
Master Circular: Inspection & Audit Systems for Urban Co-op Banks
RBI consolidated guidelines on inspection and audit for Primary Urban Co-operative Banks, emphasizing stronger internal
RBI Extends 2% Export Credit Subvention by Six Months
RBI extended the 2% interest subvention on rupee export credit for another six months, from October 1, 2009 to March 31,
ECS: Mandate Account Number Accuracy Mandated
RBI mandates all ECS stakeholders to ensure input files contain only CBS-compatible account numbers. Old 3-4 digit accou
NEFT BCP and DR Drills: RBI Mandates Quarterly Testing
RBI mandates banks to conduct NEFT disaster recovery drills at least quarterly and participate in central DR drills from
RBI Operationalises IDR Rules for Foreign Companies
RBI has operationalised the IDR Rules, allowing eligible foreign companies to issue Indian Depository Receipts (IDRs) vi
RBI Permits Cash Withdrawal at POS Terminals (2009)
RBI allowed cash withdrawals up to Rs 1,000/day at POS terminals using Indian debit cards, expanding cash access beyond
Exim Bank's USD 25 mn Line of Credit to Sudan
RBI notifies AD Category-I banks of Exim Bank's USD 25 million Line of Credit to Sudan for the Elduem Sugar Project. At
RBI expands repo eligibility to unlisted companies with special securities
RBI now allows unlisted companies holding special government securities and gilt accounts with scheduled commercial bank
Failed ATM Transactions: New 12-Day Reimbursement Rule
RBI mandates banks to reimburse failed ATM transaction amounts within 12 working days of complaint, with Rs. 100 per day
Rupee Value of Special Currency Basket Revised to Rs.66.5719
RBI has revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile U
RBI Revises Definition of Commercial Real Estate Exposures
RBI has revised the definition of Commercial Real Estate (CRE) exposures, aligning it with Basel II. The key change: an
Basel II Advanced Approaches: Timeline for Indian Banks
RBI has set a timeline for banks to adopt advanced Basel II approaches: IMA for market risk by April 2010, TSA for opera
Rupee Value of Special Currency Basket Revised to Rs.64.6153
RBI revised the rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
RBI Mandates NRE Account Credit Compliance via RTGS/NEFT/NECS/ECS
RBI directs banks to ensure credits to NRE accounts via RTGS/NEFT/NECS/ECS comply with FEMA and Wire Transfer Guidelines
RBI Circular on Ensuring Upfront Interest Subvention for Export Credit (2009)
RBI issued a circular in 2009 reminding banks to pass on the 2% or 4% interest subvention on rupee export credit to elig
RBI hikes housing loan limits for co-operative banks
RBI raised the maximum housing loan per borrower from Rs 5 lakh to Rs 20 lakh for most StCBs/DCCBs, and to Rs 30 lakh fo
Frozen deposit renewal: depositor can now choose term
RBI now allows depositors of frozen term deposits to choose the renewal term instead of being forced to renew for the or
ICAAP Submission Deadline Shifted to Q1
RBI has moved the annual ICAAP document submission deadline from March-end to the end of the first quarter (April-June)
UN Sanctions List Update: Taliban/Al-Qaida Entities
RBI directs banks to update their internal lists with the latest UNSCR 1267/1822 consolidated list of terrorist individu
Consortium/Multiple Banking Norms Extended to AIFIs
RBI extended consortium and multiple banking arrangement guidelines to select AIFIs (Exim Bank, NABARD, NHB, SIDBI), req
RRBs Now Eligible to Issue IBPCs on Risk Sharing Basis
RBI now allows Regional Rural Banks to issue 180-day Inter-Bank Participation Certificates on risk sharing basis to sche
New Branch Opening Policy for State Co-operative Banks
RBI has revised branch opening norms for StCBs under Section 23 of B.R. Act, 1949. StCBs can now open branches in state
RRBs Allowed to Issue IBPCs Against Priority Sector Advances
RBI now permits Regional Rural Banks to issue 180-day Inter-Bank Participation Certificates on a risk-sharing basis to s
RBI Eases KYC for Corporate Franchisees of Money Changers
RBI now allows AD Category-I/II and FFMCs to accept certified MoA, AoA, and Incorporation Certificate instead of police
First Rand Bank Ltd added to RBI Second Schedule
RBI has included First Rand Bank Ltd in the Second Schedule to the RBI Act, 1934, making it a scheduled commercial bank.
RBI Introduces 10-Year Interest Rate Futures (2009)
RBI permitted Interest Rate Futures on a 10-year notional government security from August 28, 2009. All resident persons
RBI Bans Public Deposits for MNBCs, Tightens Shareholder Norms
RBI has prohibited Miscellaneous Non-Banking Companies (MNBCs) from accepting deposits from the public, effective immedi
Floating Provisions: RBI Defers NPA Netting Rule Change
RBI has deferred the rule that would have stopped banks from netting floating provisions against gross NPAs. Banks can s
Housing Project Loans: Mandatory Mortgage Disclosure in Ads
Banks must now require builders to disclose mortgage details in all project brochures and ads. This follows a Bombay Hig
Ban on Crediting Account Payee Cheques to Third Party Accounts
RBI prohibits banks from crediting 'account payee' cheque proceeds to any account other than the named payee's. It speci
RBI Mandates Collateral-Free Loans Up to Rs 5 Lakh for MSEs
RBI clarifies that collateral-free loans up to Rs 5 lakh for micro and small enterprises (MSEs) are mandatory, not advis
Non-Competitive Bidding for State Development Loans from Aug 25, 2009
RBI introduces non-competitive bidding for State Development Loans from August 25, 2009. NDS members can submit one cons
SGSY Loan Collateral Exemption Limits Raised
RBI raised collateral exemption limits under SGSY: individual loans up to ₹1 lakh (from ₹50,000) and group loans up to ₹
UCBs: Depositors can choose renewal term for frozen accounts
RBI now allows depositors of frozen term deposits to choose any renewal term, not just the original tenure. If no choice
Exim Bank's $17.34 mn Line of Credit to Laos for Irrigation
RBI notifies AD Category-I banks about Exim Bank's USD 17.34 million Line of Credit to the Government of Laos for financ
UCBs: Speaking Orders for ADWDR Scheme Grievances
RBI directs urban co-operative banks to ensure Grievance Redressal Officers issue speaking orders with reasons for decis
RBI allows non-bank entities to issue mobile prepaid instruments
RBI now permits 'Other Persons' (non-bank entities) to issue mobile phone-based semi-closed prepaid payment instruments,
Gold Card Scheme: Overdue Bills Norm Relaxed for FY 2009-10
RBI temporarily waived the condition that overdue export bills must not exceed 10% of previous year's turnover for Gold
Ban on Crediting Account Payee Cheques to Third Parties for Co-op Banks
RBI reiterates that co-operative banks cannot credit account payee cheques to third-party accounts. However, member bank
RBI Allows Call and Step-Up Options on Tier II Bonds
RBI now permits banks to issue subordinated debt for Tier II capital with call and step-up options, aligning with intern
Cash Management Bills Eligible as SLR Securities for RRBs
RBI has clarified that Cash Management Bills issued by the Government of India will be treated as SLR securities for Reg
Call Money Borrowing Limit for Stand-alone PDs Raised to 225% of NOF
RBI increased the average fortnightly borrowing limit for stand-alone Primary Dealers from 200% to 225% of their Net Own
RBI Allows Standalone PDs to Trade Interest Rate Futures
RBI now permits standalone Primary Dealers to trade Interest Rate Futures for hedging and own-account trading, but not f
Cash Management Bills now SLR-eligible securities
RBI has classified Cash Management Bills as Government of India Treasury Bills under SLR rules, making them eligible for
ADWDR 2008: Extended Deadline & Prudential Norms Update
RBI extends the deadline for 'other farmers' to pay 75% of overdue under ADWDR 2008 to Dec 31, 2009. Banks can accept le
RBI Bars UCBs from Acquiring Non-Use Property
RBI directs urban co-operative banks not to acquire property unless for their own identifiable use. Non-banking assets t
PDs Get HTM Option for G-Sec Portfolio
RBI now allows standalone Primary Dealers to classify up to 100% of paid-up capital as at end-March of the preceding fin
RBI Bars Banks from Client IRF Trades
RBI has clarified that banks cannot transact Interest Rate Futures (IRFs) on behalf of clients. This restriction applies
Master Circular on CRR and SLR for Scheduled Commercial Banks
RBI issued a consolidated master circular on CRR and SLR for scheduled commercial banks (excluding RRBs), updating instr
RBI Mandates Prior Approval for NBFC Control Changes
Deposit-taking NBFCs must now get RBI's prior written approval for any takeover, acquisition of control, merger, or amal
ADWDR 2008: OTS Deadline Extended & Prudential Norms for StCBs/DCCBs
RBI extends OTS payment deadline for 'other farmers' under ADWDR 2008 to Dec 31, 2009. Banks may accept less than 75% if
RBI mandates CEO-led fraud risk management overhaul
RBI directs banks to make CEOs and board committees directly accountable for fraud prevention and investigation, especia
Interest Subvention on Rupee Export Credit Extended for UCBs
RBI extends 2% interest subvention on rupee export credit for Scheduled UCBs with AD Category I licences for six more mo
RBI Cracks Down on MLM Firms Using Bank Accounts for Deposit Scams
RBI warns urban co-op banks to tighten KYC/AML checks for MLM firms after detecting deposit scams. Banks must review acc
RBI allows diplomatic missions to credit visa fees to foreign currency accounts
RBI now permits diplomatic missions to transfer visa fees collected in Indian rupees from their rupee account to their f
RRBs Must Mandate Mortgage Disclosure in Housing Project Ads
RRBs must now include a clause in housing loan terms requiring builders to disclose mortgage details in brochures and ad
RRBs: No Crediting Account Payee Cheques to Third Parties
RBI reiterates that Regional Rural Banks cannot credit 'account payee' cheques to any account other than the payee's. Ho
RBI Extends Record Retention to 10 Years Under PMLA 2009
RBI mandates banks to preserve transaction records for 10 years from transaction date and customer identification record
RBI Clarifies Commercial Real Estate Exposure Classification
RBI issued final guidelines defining CRE exposures based on Basel-II's IPRE concept. Exposures where repayment depends p
SLR Maintenance: Updated Eligible Securities List (2009)
RBI updated the list of securities eligible for SLR as of September 8, 2009, while keeping the SLR rate unchanged at 24%
RBI raises bank guarantee limit for service importers to USD 500,000
RBI has increased the limit for AD Category-I banks to issue guarantees on behalf of resident service importers from USD
Advance Remittance for Import of Services: PSUs Exempted from Higher Limit
RBI clarifies that the USD 500,000 advance remittance limit for service imports without bank guarantee does not apply to
UCBs: KYC norms tightened for proprietary concern accounts
RBI mandates UCBs to verify both proprietor identity and concern proof (name, address, activity) for proprietary account
RBI curbs co-op banks on holding non-banking assets beyond 7 years
RBI directs StCBs and DCCBs to not acquire property beyond own use and to dispose of non-banking assets within 7 years a
RRBs: KYC/AML Record Retention Extended to 10 Years
RBI mandates Regional Rural Banks to retain transaction records for 10 years from transaction date and customer identifi
Uniform NPA Reporting: Interest Reversal Mandated
RBI mandates uniform NPA reporting: banks must reverse uncollected interest on NPA accounts and stop further interest ap
Exim Bank's $30 mn Line of Credit to Mozambique
RBI notifies AD Category-I banks of Exim Bank's USD 30 million Line of Credit to Mozambique for rural electrification pr
RRBs to Pay Savings Interest on Daily Balance from April 2010
RBI directs Regional Rural Banks to calculate savings account interest on daily product basis from April 1, 2010, replac
Real Estate Exposure: Advisory on Group Risk Assessment
RBI advises banks to assess group risk in real estate exposures by analyzing consolidated accounts of large builders and
UAPA 1967: Banks' Obligation on Terror Financing
RBI mandates banks to comply with UAPA 1967 amendments for freezing assets of UN-sanctioned individuals/entities. Banks
NBFCs Allowed to Hedge with Interest Rate Futures
RBI permits NBFCs (excluding RNBCs) to trade Interest Rate Futures on SEBI-recognized exchanges as clients for hedging u
Priority Sector: New Service Activities Under MSMED Act
RBI has expanded priority sector lending by including 12 service activities under Micro and Small (Service) Enterprises.
Special Term Repo Facility Discontinued
RBI has discontinued the special term repo facility for scheduled commercial banks (excluding RRBs) and primary dealers,
UCBs Must Disclose Property Mortgage in Housing Project Ads
RBI mandates urban cooperative banks to include a clause in housing finance terms requiring builders to disclose the mor
Exim Bank's USD 20 mn Line of Credit to Eritrea
RBI notified a USD 20 million Exim Bank Line of Credit to Eritrea for agricultural and educational projects. AD Category
NBFC Auditor Certificate Deadline Extended to Dec 30
RBI has extended the deadline for NBFCs to submit the statutory auditor certificate from June 30 to December 30 of the f
RRBs Must Join Credit Information Companies
RBI mandates all Regional Rural Banks to become members of at least one credit information company, supply both positive
OTC Corporate Bond Settlement Moves to DvP-I via Clearing Corps
From Dec 1, 2009, all OTC corporate bond trades must settle through NSCCL or ICCL on a DvP-I basis using RTGS. Clearing
SJSRY Revised Guidelines 2009: Key Updates for Banks (Effective Date Clarification Needed)
RBI notifies banks of the revised Swarna Jayanti Shahari Rozgar Yojana (SJSRY) guidelines, effective immediately from Oc
Rupee Export Credit Interest Subvention Extended to Readymade Garments
RBI has included Readymade Garments under the 2% interest subvention scheme on rupee export credit, effective from Decem
Daily Interest on Savings Accounts for Co-op Banks
RBI mandates StCBs and DCCBs to calculate savings account interest on a daily product basis from April 1, 2010, replacin
RBI Bans Bilateral Clearing Deals for Urban Co-op Banks
RBI has ordered all Primary Urban Co-operative Banks to immediately stop bilateral clearing arrangements—including corre
RRBs: New Service Activities Under Priority Sector Lending
RBI has expanded priority sector lending for RRBs by including 12 service activities under MSMED Act, 2006. Retail trade
RBI Mandates Weekly Reporting of Client IRS Trades
RBI now requires banks and primary dealers to report client-level interest rate swap (IRS) transactions weekly to the Fi
Rupee Export Credit Interest Rates Extended Till April 2010
RBI extends validity of rupee export credit interest rate ceilings through April 30, 2010. Rates remain at BPLR minus 2.
Maldives Monetary Authority Joins ACU: New Member from Jan 2010
Maldives Monetary Authority has been admitted as a member of the Asian Clearing Union (ACU) effective January 1, 2010. A
RBI Clarifies Inoperative Account Rules for SB Accounts with FD Interest Credits (2009 Circular)
RBI clarifies that a savings account receiving FD interest credits per customer mandate remains operative. It is not tre
RRB SLR Hiked to 25% from Nov 7, 2009
RBI raised the Statutory Liquidity Ratio (SLR) for Regional Rural Banks to 25% of NDTL, effective fortnight starting Nov
RRBs SLR Maintenance: Updated Eligible Securities List
RBI updated the list of securities eligible for SLR for RRBs, effective October 29, 2009. The SLR requirement remains at
Diamond Dollar Account eligibility relaxed
RBI has relaxed eligibility for Diamond Dollar Accounts: minimum track record reduced from 3 to 2 years, and average ann
Co-op Banks Must Freeze Terror Assets Under UAPA 1967
RBI advises co-operative banks to follow the procedure under Section 51A of UAPA 1967 as per Government Order dated Augu
UCBs Allowed to Hedge with Interest Rate Futures
RBI permits Primary Urban Cooperative Banks (UCBs) to trade in Exchange Traded Interest Rate Futures (IRFs) on 10-year g
SLR Hiked to 25% from Nov 7, 2009
RBI raised SLR to 25% of NDTL for scheduled commercial banks, effective fortnight starting November 7, 2009. This follow
RBI Extends Export Credit Interest Rate Ceiling Till April 2010
RBI has extended the interest rate ceiling on rupee export credit (pre-shipment up to 270 days and post-shipment up to 1
Export Credit Refinance Limit Cut to 15%
RBI reduced the export credit refinance (ECR) limit from 50% to 15% of eligible rupee export credit outstanding, effecti
RBI Discontinues Special Refinance Facility (SRF) for Banks
RBI has discontinued the Special Refinance Facility (SRF) for scheduled commercial banks (excluding RRBs) with immediate
UCBs: RBI Tightens AML/CFT Compliance on STRs and CCRs
RBI has directed all Primary Urban Co-operative Banks to urgently file pending Suspicious Transaction Reports and Counte
UNSC 1267 Terror List Updates: Banks Must Screen Accounts
RBI directs banks to update their consolidated list of UNSC 1267-designated terrorist individuals/entities following ame
NEFT Customer Facilitation Centre Directory Released
RBI has published a directory of NEFT Customer Facilitation Centres (CFCs) for all member banks. Banks must host this di
RTGS: Beneficiary Account Number Now Mandatory
RBI has advised that all RTGS messages must include a beneficiary account number in the correct field. This change, advi
RBI Mandates Board Policy for Frequent Cheque Bounces Under ₹1 Crore
RBI now requires banks to create a Board-approved policy for handling frequent dishonour of cheques below ₹1 crore and E
CRR on CBLO Transactions for Scheduled StCBs from Nov 21, 2009
From November 21, 2009, scheduled state co-operative banks must include CBLO liabilities with CCIL in NDTL for CRR. Only
UCB Savings Account with FD Interest Credit: Not Inoperative
RBI clarifies that a savings account receiving periodic FD interest credits per customer mandate remains operative. It b
CRR on CBLO Liabilities for Urban Co-op Banks
From November 21, 2009, scheduled UCBs must include CBLO transaction liabilities in NDTL for CRR maintenance. Only inter
CRR on CBLO Transactions: Nov 2009 Update
From Nov 21, 2009, scheduled commercial banks must include CBLO transaction liabilities in NDTL for CRR calculation. Onl
SLR Relaxation Withdrawn After Special Term Repo Ends
RBI withdrew the 1.5% SLR relaxation on NDTL effective October 27, 2009, following the discontinuation of the special te
RRBs: UAPA Compliance for Terror Financing Freezes
RBI mandates RRBs to follow the amended UAPA procedure under Section 51A for freezing assets of designated individuals/e
Nodal Officer for Currency Management Operations
RBI mandates all banks with currency chests to appoint a General Manager-level Nodal Officer for currency management, en
Revised KYC/AML/CFT Guidelines for Money Changing Activities
RBI has revised KYC/AML/CFT norms for money changers, bringing all Authorized Persons under PMLA, 2002. The updated guid
Revised Vostro Account Rules for Non-Resident Exchange Houses
RBI eases compliance for AD Category-I banks on Rupee Drawing Arrangements: registration of agreements is now optional,
UCBs: Rename Long Term Deposits to Subordinated Deposits
RBI directs Primary (Urban) Cooperative Banks to rename 'Long Term Deposits' issued under July 2008 guidelines as 'Long
RTGS Upgrade to Windows 2008: Hardware Specs
RBI mandates RTGS members upgrade to Windows 2008 Enterprise, Oracle 11g, and IBM MQ 7.0. Minimum hardware specs for ser
FATF-flagged countries: Enhanced AML/CFT risk monitoring
RBI directs banks to factor in AML/CFT deficiencies of Iran, Uzbekistan, Pakistan, Turkmenistan, and Sao Tome and Princi
RBI Mandates Note Sorting Machines for Banks
RBI directs all scheduled commercial, state co-op, and urban co-op banks to install note sorting machines for Rs. 100 an
RTGS Rules for Government Receipts: Interim Arrangement
RBI mandates that RTGS-based government receipts require bilateral agreement between sending and receiving banks, using
RBI mandates disclosure of commissions on third-party product sales by banks
Banks must now disclose all commissions or fees received from mutual funds, insurers, or financial companies for marketi
UCBs: KYC/AML Record Retention & PEP Rules Updated
RBI mandates urban co-op banks to keep transaction records for 10 years from transaction date and customer ID records fo
UCBs: Emboss Locker Keys with Bank/Branch ID Code
RBI directs Urban Co-operative Banks to emboss locker keys with the bank/branch identification code. For existing locker
UCBs Must Follow UAPA 2008 for Terror Financing Checks
RBI mandates all Primary Urban Co-operative Banks to comply with the amended Unlawful Activities (Prevention) Act, 1967,
Corrigendum: Master Circular on Investments by Urban Co-op Banks
RBI corrects its July 2009 Master Circular on investments by Primary Urban Co-operative Banks by deleting paragraph 15.2
UCBs Advised to Join Credit Info Companies: RBI Circular
RBI advises all Primary Urban Cooperative Banks to become members of at least one Credit Information Company (CIC) under
UCBs must disclose commissions on mutual fund/insurance sales
RBI now mandates Urban Cooperative Banks to disclose all commissions and fees received from mutual fund and insurance co
RBI Liberalises Branch Authorisation for Tier 3-6 Centres
RBI now allows domestic scheduled commercial banks (excluding RRBs) to open branches in Tier 3 to Tier 6 centres (popula
RBI Waives Written Trade Confirmations for G-Sec OTC Trades
RBI has removed the requirement for standalone primary dealers to exchange written trade confirmations for OTC governmen
NBFCs Alerted on AML/CFT Risks from Five Nations
RBI has directed all NBFCs and RNBCs to factor in AML/CFT risks from Iran, Uzbekistan, Pakistan, Turkmenistan, and Sao T
RBI Mandates 70% Provisioning Coverage Ratio by Sep 2010
RBI has directed all scheduled commercial banks (excluding RRBs) to achieve a minimum Provisioning Coverage Ratio (PCR)
Co-op Banks Must Join Credit Info Companies
RBI mandates all State and Central Co-operative Banks to become members of at least one credit information company and s
NBFC Capital Adequacy: Zero Risk Weight on CBLO Lending via CCIL
RBI clarifies that NBFCs' counterparty credit risk from CBLO transactions with CCIL carries zero risk weight, as daily c
RBI Expands Business Correspondent Network for Financial Inclusion
RBI has expanded the list of eligible Business Correspondents (BCs) to include kirana shop owners, PCO operators, petrol
PDO-NDS Upgrade to Windows 2008: Hardware Specs
RBI mandates NDS members to migrate PDO-NDS from Windows 2000/Oracle 9i to Windows 2008/Oracle 11g/IBM MQ 7.0. Minimum s
KYC/AML/CFT Rules for MTSS Cross-Border Remittances
RBI mandates all Authorised Persons (Indian Agents) under MTSS to implement Board-approved KYC/AML/CFT policies for cros
UCBs: Update UN Terrorist List for Account Screening
RBI directs all Primary Urban Co-operative Banks to update the UNSC 1267/1822 consolidated list of terrorist individuals
UCBs: Update UN Terrorist List for Al-Qaida/Taliban
RBI directs all Primary Urban Co-operative Banks to update their records with the latest UNSC 1267 Committee amendments
RRBs Must Update UN Terrorist Lists: Dec 2009
RBI directs RRBs to update consolidated UN terrorist lists with new deletions and amendments. Banks must screen new and
UCBs: Prudential Treatment of Loan Provisions Clarified
RBI clarifies that additional NPA provisions beyond norms can be deducted from gross NPAs but not counted as Tier II cap
UN Terror List Updates for Co-op Banks: Dec 2009
RBI directs StCBs/CCBs to update their UNSCR 1267/1822 terrorist lists with three sets of amendments from the UN 1267 Co
FATF-flagged countries: Enhanced KYC/AML checks for co-op banks
RBI directs all StCBs/DCCBs to factor in AML/CFT risks from Iran, Uzbekistan, Pakistan, Turkmenistan, and Sao Tome and P
RRBs: Updated FATF AML/CFT Risk Countries List
RBI directs RRBs to account for AML/CFT risks from Iran, Uzbekistan, Pakistan, Turkmenistan, and Sao Tome and Principe,
RBI Tightens ECB Norms: Cost Ceilings, FCCB Buyback, NBFC Access Revised
RBI withdraws all-in-cost ceiling relaxations for ECB under approval route from Jan 1, 2010, sets new spreads. FCCB buyb
UN Al-Qaida/Taliban Sanctions List Update – Dec 2009
RBI directs banks to update their UNSCR 1267/1822 consolidated list with new changes from the UN 1267 Committee, screen
RRBs must disclose commissions on mutual fund/insurance sales
RBI mandates RRBs to disclose all commissions or fees received from mutual fund and insurance companies to customers whe
Provisioning Coverage Norms Extended to AIFIs
RBI extended bank provisioning coverage guidelines to select AIFIs (Exim Bank, NABARD, NHB, SIDBI) via circular dated De
RBI Raises Mobile Banking Transaction Limits to Rs 50,000 Daily
RBI has increased the daily mobile banking transaction cap from separate limits of Rs 5,000 and Rs 10,000 to a unified R
RBI Extends Transition Period for Bank Loans to MFs and IPCs
RBI has extended the transition period for banks to comply with capital market exposure norms for loans to mutual funds
UCBs: New KYC Documents for Proprietary Concerns
RBI now allows Urban Co-operative Banks to accept Sales Tax, Service Tax, or Professional Tax certificates as valid KYC
KYC/AML/CFT Obligations for Payment System Operators
RBI mandates all PSS Act-authorized payment system operators to implement Board-approved KYC/AML/CFT policies under PMLA
Updated UN Terror List: Al-Qaida/Taliban Sanctions
RBI has circulated an updated UN consolidated list of individuals/entities linked to Al-Qaida and Taliban. Banks must sc
IRF Settlement Mechanism for Urban Co-op Banks
RBI mandates that for Interest Rate Futures (IRF) settlements, UCBs with short positions must deliver securities to a sp
ATM Complaint Info Display Mandate
RBI mandates that all ATM locations must prominently display the phone numbers of the ATM-owning bank's help desk and a
RTGS Saturday Service Window Extended
RBI extended RTGS transaction timings on Saturdays: customer transactions now close at 13:30 hours and inter-bank transa
SRMS Loan Disbursement Deadline Extended to December 31, 2009
RBI extends SRMS loan disbursement deadline for manual scavenger rehabilitation to December 31, 2009, with spillover all
Priority Sector Lending: Loan Tenor Rules for HFCs (2009 Circular)
Banks must match the tenor of loans to HFCs with the average portfolio maturity of housing loans up to ₹20 lakh. Short-t
SLR Status Disclosure for Govt Securities by UCBs
RBI now requires SLR status of central and state government securities to be disclosed in its press release at issuance
UCBs: Updated FATF High-Risk Jurisdictions for AML/CFT
RBI directs all AD I category Urban Co-operative Banks to factor in AML/CFT risks from Iran, Uzbekistan, Pakistan, Turkm
RBI expands currency futures to Euro, GBP, JPY-INR pairs
RBI now permits trading in Euro-INR, GBP-INR, and JPY-INR currency futures on recognized stock exchanges, effective Janu
RRBs: NDTL Computation for CRR/SLR on Remittance Liabilities
RBI mandates RRBs to include unpaid drafts issued under remittance schemes as outside liabilities in NDTL for CRR/SLR. C
Retail Issue of Subordinated Debt for Tier II Capital
RBI mandates banks issuing subordinated debt to retail investors to include a specific investor sign-off acknowledging u
PMLA Rules Amended: New KYC & NPO Reporting Norms
RBI mandates banks to maintain records of NPO receipts over ₹10 lakh, report monthly to FIU-IND, verify walk-in customer
Repo in Corporate Debt Securities (Reserve Bank) Directions, 2010
RBI introduced repo in corporate bonds effective March 1, 2010. Only listed, AA-rated or above corporate debt securities
Floating Provision Norms Extended to AIFIs
RBI has directed select AIFIs (Exim Bank, NABARD, NHB, SIDBI) to follow bank-like rules on floating provisions. These ca
PSB Tax Auditor Appointment and Fee Flexibility
RBI allows PSBs to appoint any CA firm as tax auditor at Head Office with Board/ACB-approved reasonable fee, replacing e
UCBs Must Update UN Terrorist Lists for Account Screening
RBI directs all Primary Urban Co-operative Banks to update their records with the latest UN 1267 Committee list of terro
RBI Delegates Powers to AD Banks for Foreign Entity BO/LO in India
RBI now lets AD Category-I banks handle certain approvals for foreign entities opening branch/liaison offices in India,
Foreign Entities: New Rules for Branch/Liaison Office in India
RBI has published eligibility criteria and procedural guidelines for foreign entities setting up Branch or Liaison Offic
UCBs: ALM Returns in Paper Form Until OSS Upgrade
Non-scheduled UCBs must submit quarterly ALM statements in paper form to RBI until the OSS software is updated. Tier II
UNSC 1267/1822 Terror List Update for StCBs/DCCBs
RBI directs all State and Central Co-operative Banks to update the UNSC 1267/1822 consolidated list of terrorist individ
Half-Yearly FDI Compliance Certificate for NBFCs
NBFCs with FDI must submit a half-yearly certificate from their Statutory Auditors confirming compliance with minimum ca
PMLA Rules Amended: New KYC & NPO Reporting for UCBs
RBI mandates UCBs to report NPO transactions above ₹10 lakh to FIU-IND monthly, verify identity for walk-in transactions
CRR Hiked 75 bps for Urban Co-op Banks in Two Stages
RBI raised CRR for Scheduled Urban Co-operative Banks by 75 bps to 5.75% of NDTL, effective in two fortnights starting F
CRR Hiked for RRBs by 75 bps in Two Stages
RBI raised CRR for Regional Rural Banks from 5% to 5.75% of NDTL, effective February 13 and February 27, 2010. This phas
CRR Hiked 75 bps for Scheduled State Co-operative Banks
RBI raised CRR for Scheduled State Co-operative Banks by 75 bps to 5.75% in two stages from February 2010, based on macr
Updated UN Terror List: Al-Qaida/Taliban Sanctions
RBI has circulated an updated UN consolidated list of individuals/entities linked to Al-Qaida and Taliban. Banks must sc
J&K Added to Underbanked States List for Branch Expansion
RBI added Jammu & Kashmir to the underbanked states list, including Anantnag, Doda, Kupwara, and Poonch as underbanked d
CRR Hiked 75 bps to 5.75% in Two Stages from Feb 2010
RBI raised CRR by 75 bps from 5.00% to 5.75% of NDTL, effective in two stages: 5.50% from Feb 13, 2010, and 5.75% from F
Exim Bank's USD 40 mn LOC to Tanzania for Tractors & Pumps
RBI notifies AD Category-I banks about Exim Bank's USD 40 million Line of Credit to Tanzania for financing tractors, pum
RRBs Must Follow Updated PMLA Rules on NPOs and Walk-in Customers
RBI mandates RRBs to record NPO receipts over ₹10 lakh, report monthly to FIU-IND, and verify identity for walk-in trans
UN Terror List Update: Al-Qaida/Taliban Sanctions
RBI directs banks to update their internal lists with the latest UN 1267 Committee changes on Al-Qaida/Taliban-linked in
Updated ACU Transaction Procedures for AD Banks
RBI has updated the Memorandum of Procedure for ACU transactions following the 37th ACU Board Meeting in June 2008. AD C
Exim Bank's USD 15 mn Line of Credit to Mali
RBI notifies AD Category-I banks about Exim Bank's USD 15 million Line of Credit to Mali for financing Indian exports of
UNSCR 1267/1822 Terrorist List Update for UCBs
RBI has updated the UNSCR 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban.
UNSCR 1267/1822 Terrorist List Update for UCBs
RBI issued a corrigendum to UCBs correcting an Arabic script error in the UNSCR 1267/1822 terrorist list entry for Al-Qa
UCBs: Update UN Terrorist List for New & Existing Accounts
RBI directs all Primary Urban Co-operative Banks to update the UN 1267/1822 consolidated list of terrorist individuals/e
ECB Policy Simplified: AD Banks Get More Approval Powers
RBI has delegated powers to AD Category-I banks to approve changes in ECB drawdown/repayment schedules, currency of borr
Exim Bank's USD 100 mn LOC to Russia's Vnesheconombank
RBI notifies AD Category-I banks about Exim Bank's USD 100 million line of credit to Vnesheconombank, Russia, for financ
Market Risk Capital Rules for Urban Co-op Banks (2010)
RBI mandates capital charge for market risks on UCBs with AD Category I licence from April 1, 2010. Covers interest rate
Basel II Enhancements: Capital & Disclosure Norms Tightened
RBI updated the Basel II framework effective March 31, 2010, raising capital requirements for securitisation exposures a
Exim Bank's USD 36 mn Line of Credit to Mali
RBI notifies AD Category-I banks of Exim Bank's USD 36 million Line of Credit to Mali for power grid interconnection. At
RRB Regional Office Norms Unified: 1 RO per 50 Branches
RBI has removed the distinction between amalgamated and standalone RRBs for opening Regional Offices. Now, all RRBs can
Exim Bank's $25 mn LOC to Democratic Republic of Congo
RBI notifies AD Category-I banks about Exim Bank's USD 25 million line of credit to the DRC government for hand pumps an
CAG Audit of Agricultural Debt Waiver Scheme 2008
RBI directs urban co-operative banks to facilitate a CAG performance audit of the Agricultural Debt Waiver and Debt Reli
UCB to Commercial Bank Transfer Guidelines with DICGC Support
RBI now allows urban cooperative banks (UCBs) with negative net worth as of March 31, 2007, to transfer assets and liabi
RBI Launches Online ODI Reporting from March 2, 2010
From March 2, 2010, AD Category-I banks must file Parts I-III of Form ODI online via RBI's Secured Internet Website for
CTS-2010: New Security Standards for Cheque Forms
RBI mandates minimum security features for all cheque forms under CTS-2010 standard, including watermark, invisible ink
Savings Bank Interest on Daily Product Basis from April 2010
From April 1, 2010, all scheduled commercial banks (excluding RRBs) must pay interest on savings bank accounts using the
RBI slashes export credit in foreign currency ceiling rates
RBI reduced the ceiling rate on export credit in foreign currency from LIBOR + 350 bps to LIBOR + 200 bps, effective Feb
RBI Encourages Banks to Set Up Cash Processing Centres
RBI has accepted a High Level Group recommendation to encourage banks to set up Cash Processing Centres (CPCs) at key lo
RBI Bans Bilateral Clearing Deals for Co-op Banks
RBI has ordered all State and Central Co-operative Banks to immediately stop bilateral clearing arrangements—like direct
Risk Weights for Bank Exposure to NBFC-IFCs Linked to Credit Ratings
RBI now requires banks to assign risk weights to NBFC-Infrastructure Finance Companies based on external credit ratings,
RBI Creates New NBFC Category: Infrastructure Finance Companies
RBI has introduced a fourth NBFC category—Infrastructure Finance Companies (IFCs)—for non-deposit-taking NBFCs with at l
March 2010 Govt Dues: Special Accounting & Reporting Arrangements
RBI mandates special messenger/courier arrangements from mid-March 2010 for agency banks to ensure all March government
Exim Bank's $15 mn Line of Credit to Benin
RBI notified AD Category-I banks about Exim Bank's USD 15 million Line of Credit to Benin for railway/agricultural equip
UCBs: Daily Product Interest on Savings Accounts from April 1, 2010
RBI mandates all Primary Urban Cooperative Banks to pay interest on savings bank accounts on a daily product basis from
RRBs: Higher Provisioning for CRE Standard Assets
RBI raised provisioning for CRE standard assets to 1% for RRBs, effective from the date of the circular (March 4, 2010).
PMLA Amendment Rules 2009: New KYC & Reporting Norms for Co-op Banks
RBI mandates co-operative banks to maintain records of non-profit transactions over ₹10 lakh, verify walk-in customer id
RBI Allows Credit Enhancement for Infrastructure Debt
RBI now permits eligible non-resident entities to provide credit enhancement for domestic rupee bonds/debentures issued
ECB Policy for Infrastructure Finance Companies (IFCs)
RBI has replaced the earlier ECB window for NBFCs financing infrastructure with a new framework for Infrastructure Finan
ECB Policy: Cold Storage Added to Infrastructure Definition
RBI expands infrastructure definition for ECB to include cold storage/room facilities for agricultural, marine, and meat
RBI Bans Bilateral Clearing Deals for RRBs
RBI has directed all Regional Rural Banks to immediately stop bilateral clearing arrangements (e.g., direct cheque excha
Lead Bank Scheme Overhaul: High-Level Committee Recommendations
RBI mandates banks to strengthen Lead Bank Scheme (LBS) forums, focus SLBC/DCC meetings on financial inclusion, set up D
UN Sanctions List Update for Co-op Banks: Al-Qaida/Taliban
RBI directs all state and central co-operative banks to update their UNSCR 1267 consolidated list of terrorist individua
Lead Bank Scheme Overhaul: High-Level Panel Recommendations
RBI has accepted a High-Level Committee's recommendations to strengthen the Lead Bank Scheme, focusing on financial incl
Repo Rate Hiked 25 bps: Standing Liquidity Facilities Costlier
RBI raised the fixed repo rate under LAF by 25 bps to 5.0%, effective March 20, 2010. Standing liquidity facilities for
UN Terror List Update for Urban Co-op Banks
RBI has updated the UNSCR 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban.
Repo and Reverse Repo Rates Hiked by 25 bps
RBI raised repo rate from 4.75% to 5.00% and reverse repo rate from 3.25% to 3.50%, effective March 19, 2010, as part of
Updated UN Terror List for Co-op Banks: March 19, 2010
RBI directs co-operative banks to update the UN 1267 Committee's consolidated list of Al-Qaida/Taliban-linked individual
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI mandates banks to update the UN 1267/1822 consolidated list of terrorist individuals/entities, screen new and existi
RRBs Must Update Terrorist Lists Under UNSCR 1267/1822
RBI directs RRBs to update the consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban per UN
Additional Disclosures in Notes to Accounts from March 2010
RBI mandates banks to disclose concentration of deposits, advances, exposures, NPAs, sector-wise NPAs, movement of NPAs,
UNSC 1267/1822 Terror List Update for Co-op Banks
RBI directs all state and central co-operative banks to update the UNSC 1267/1822 consolidated list of terrorist individ
RBI Licenses Experian as Second Credit Information Company
RBI granted Experian Credit Information Company of India a certificate to start credit information operations on Februar
RRBs Must Update UN Terrorist List for Account Screening
RBI directs all RRBs to update their consolidated list of terrorist individuals/entities per UNSCR 1267/1822 changes. Ba
PDs Allowed to Continue HTM Classification for G-Secs
RBI has extended the permission for standalone Primary Dealers to hold government securities under HTM classification un
Bullet Repayment Option for Gold Loans up to ₹1 Lakh
RBI now allows state and district co-operative banks to offer bullet repayment for gold loans up to ₹1 lakh, with intere
PPF Scheme: Cheque deposit date & minor account rules
RBI aligns PPF cheque deposit date with other small savings schemes: date of realisation, not tender. Also reiterates th
NPA Norms Extended to AIFIs: IRAC Guidelines Apply
RBI extended its September 2009 prudential norms on income recognition, asset classification, and provisioning (IRAC) fo
Additional Disclosures in Notes to Accounts for AIFIs
RBI extends bank disclosure norms to select AIFIs (Exim Bank, NABARD, NHB, SIDBI) effective March 2010. These institutio
KYC Norms for Proprietary Concern Accounts
RBI mandates banks to collect two specific documents (e.g., registration certificate, tax returns) for proprietary conce
FATF Updates AML/CFT Risk Countries List – March 2010
RBI directs banks to factor in AML/CFT risks from Iran, Angola, DPRK, Ecuador, Ethiopia, Pakistan, Turkmenistan, and Sao
RBI Launches STRIPS in Government Securities from April 2010
RBI introduces Separate Trading of Registered Interest and Principal of Securities (STRIPS) in government securities fro
Priority Sector: Retail Trade Merged into Small Service Enterprises for UCBs
RBI reclassified Retail Trade loans under priority sector as part of Small (Service) Enterprises for Urban Co-operative
Exim Bank's $50 mn Line of Credit to Zambia for Hydro Project
RBI notifies AD Category-I banks about Exim Bank's USD 50 million Line of Credit to Zambia for the Itezhi-Tezhi hydro po
Year-End Special Measures for Government Accounts (FY 2009-10)
RBI directs agency banks to extend banking hours on March 30-31, 2010, and conduct special same-day clearing to ensure a
Revised Accounting Norms for Repo/Reverse Repo Transactions
RBI mandates repo/reverse repo be booked as collateralized lending, not outright sale/purchase. Securities stay on selle
Update UN Terror List for UCBs: Al-Qaida/Taliban
RBI directs Primary Urban Co-operative Banks to update the UNSC 1267 consolidated list of Al-Qaida/Taliban-linked indivi
RBI licenses Experian as new credit information company for RRBs
RBI has granted a Certificate of Registration to Experian Credit Information Company of India Pvt Ltd, allowing it to op
ADWDRS 2008: Extended Deadline & Prudential Norms for RRBs
RBI extends the 'other farmer' debt relief payment deadline to June 30, 2010, due to drought/floods. Banks can accept le
UCBs: ADWDRS Deadline Extended to June 30, 2010
RBI extends the payment deadline for 'other farmers' under the Agricultural Debt Waiver and Debt Relief Scheme, 2008 to
UCBs: New CSGL Account Eligibility Norms
RBI now allows scheduled urban co-operative banks with net worth of Rs 200 crore or more and CRAR of 10% and above, from
FATF-identified AML/CFT risk countries: UCBs must act
RBI directs all AD I category UCBs to factor in AML/CFT deficiencies of Iran, Angola, DPRK, Ecuador, Ethiopia, Pakistan,
RBI allows ODI in submarine cable consortia under automatic route
RBI now permits Indian companies to invest in overseas submarine cable consortia on co-ownership basis under the automat
Equifax Gets RBI Nod to Start Credit Information Business
RBI has issued a Certificate of Registration to Equifax Credit Information Services Pvt. Ltd., allowing it to commence c
UNSC 1267/1822 Terror List Update: Compliance Mandate for Banks
RBI mandates banks to update the UNSC 1267/1822 consolidated list of terrorist individuals/entities, screen new and exis
TSA for Operational Risk Capital: RBI Opens Door from April 2010
RBI allows banks to apply for migrating to the Standardised Approach (TSA) for operational risk capital from April 1, 20
RRBs Must Update UN Terrorist List for Account Screening
RBI directs all RRBs to update the consolidated UN list of terrorist individuals/entities linked to Al-Qaida and Taliban
Capital Instruments Balance Sheet Classification
RBI mandates uniform classification of capital instruments in balance sheets from FY ending March 31, 2010: PNCPS under
FCCB Buyback Window Extended Till June 2010 Under Approval Route
RBI has reopened the approval route for FCCB buybacks until June 30, 2010, after the automatic route ended on Dec 31, 20
Rupee Value of Special Currency Basket Revised to Rs.65.29
RBI revised the Rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
Priority Sector Status for Export Loans to MSEs Clarified
RBI clarifies that loans to micro and small enterprises (MSEs) qualify as priority sector advances even if the borrower
RRBs get one more year of SLR MTM exemption
RBI extended the exemption for RRBs from mark-to-market norms on SLR securities for FY 2009-10, allowing them to classif
KYC norms for proprietary concern accounts at RRBs
RRBs must now collect specific documents like registration certificates or tax returns for proprietary concern accounts.
Base Rate System Replaces BPLR from July 2010
RBI mandates all scheduled commercial banks (excluding RRBs) to replace the BPLR system with a transparent Base Rate fro
ADWDRS 2008 OTS Deadline Extended to June 30, 2010
The last date for 'other farmers' to pay 75% of overdues under the One Time Settlement of ADWDRS 2008 is extended from D
Rupee Value of Special Currency Basket Revised to ₹63.0381
RBI has revised the Rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile U
Basel II Prudential Floor Extended Indefinitely
RBI extends the prudential floor for Basel II capital adequacy beyond March 31, 2010, until further notice. Banks must e
Internal Models Approach for Market Risk: RBI Guidelines
RBI allows banks to use internal Value-at-Risk models for market risk capital, replacing the standardised method. This a
RBI Extends Project Loan Norms to AIFIs
RBI has directed select All-India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI) to apply the same prudential no
Update on UN Terrorist List for Al-Qaida/Taliban
RBI directs banks to update the UN consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban. B
Repo and Reverse Repo Hiked by 25 bps
RBI raised repo rate to 5.25% and reverse repo to 3.75%, effective immediately, as part of the 2010-11 Annual Policy. Th
IIFCL Now Eligible for Corporate Debt Repo
RBI has added India Infrastructure Finance Company Limited (IIFCL) to the list of entities permitted to enter ready forw
UN Terror List Update for UCBs: Al-Qaida & Taliban
RBI directs all Primary Urban Co-operative Banks to update their consolidated list under UNSCR 1267 (1999) and 1822 (200
ADWDRS 2008: Extended Deadline for Other Farmers
RBI extends the payment deadline for 'other farmers' under the Agricultural Debt Waiver and Debt Relief Scheme 2008 to J
Equifax Gets RBI Nod to Start Credit Information Business
RBI issued a Certificate of Registration to Equifax Credit Information Services Pvt. Ltd. on March 26, 2010, allowing it
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI has circulated an updated UN consolidated list of individuals/entities linked to Al-Qaida and Taliban. Banks must sc
RBI Alert: FATF-Listed High-Risk Jurisdictions for AML/CFT
RBI directs all payment system operators to factor in AML/CFT risks from FATF-identified jurisdictions: Iran (countermea
UNSC 1267 Sanctions List Update for UCBs
RBI has forwarded updated UNSC 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida and Tali
RBI Bans Collateral on Education Loans Up to Rs 4 Lakh
RBI mandates that banks cannot demand collateral security for education loans up to Rs 4 lakh. This directive, issued in
UN Terror List Update: UCBs Must Screen Accounts
RBI has forwarded a note dated March 25, 2010 from the Chairman of the UN Security Council's 1267 Committee regarding ch
PDs can now hold G-secs in HTM up to net owned funds
RBI has revised the HTM limit for standalone Primary Dealers from 100% of paid-up capital to 100% of audited net owned f
FIIs can now use domestic G-Secs as cash segment collateral
RBI now allows FIIs to pledge domestic government securities (within the USD 5 billion SEBI limit) and AAA-rated foreign
ADWDRS 2008: OTS Deadline Extended to June 30, 2010
RBI extends the One Time Settlement deadline under the Agricultural Debt Waiver and Debt Relief Scheme, 2008 to June 30,
SC/RC Management Takeover Guidelines 2010
RBI issued guidelines under SARFAESI Act for SC/RCs to change or take over borrower management. Key conditions: dues mus
RBI Amends Securitisation & Reconstruction Company Guidelines
RBI has amended the 2003 Guidelines for Securitisation Companies (SCs) and Reconstruction Companies (RCs), effective Apr
RBI mandates SC/RCs to hold 5% stake in SRs till full redemption
RBI now requires Securitisation/Reconstruction Companies to invest and continuously hold at least 5% of each class of Se
Updated UN Terror List for Co-op Banks: Al-Qaida/Taliban
RBI directs StCBs/DCCBs to update their UNSCR 1267/1822 consolidated list of terrorist individuals/entities linked to Al
RBI Hikes CRR for Urban Co-op Banks by 25 bps
RBI raised CRR for Scheduled Primary (Urban) Co-operative Banks from 5.75% to 6.00% of NDTL, effective fortnight startin
CRR Hiked 25 bps to 6% for Scheduled StCBs from Apr 24, 2010
RBI raised CRR for Scheduled State Co-operative Banks by 25 bps to 6.00% of NDTL, effective fortnight starting April 24,
RBI Revises Share Issue Norms for Private Sector Banks
RBI has updated guidelines for private sector banks on share issuance, clarifying that QIPs require prior in-principle a
RRBs: Export MSE Loans Eligible for Priority Sector
RBI clarifies that loans to micro and small enterprises (MSEs) engaged in exports qualify as priority sector advances fo
Banks Get Freedom to Set Own Deposit Conversion Policies
RBI now allows banks to set their own policies for converting term, daily, or recurring deposits into new term deposits,
Repo Rate Hiked to 5.25%: Standing Liquidity Facilities Costlier
RBI raised the repo rate by 25 bps to 5.25% effective April 20, 2010. Standing liquidity facilities for banks (export cr
RBI Circular on FATF-Identified High-Risk Jurisdictions for RRBs
RBI directs RRBs to consider AML/CFT risks from Iran, Angola, DPRK, Ecuador, Ethiopia, Pakistan, Turkmenistan, and Sao T
RRBs Must Update UN Terrorist List for Account Screening
RBI directs all RRBs to update the consolidated UN list of individuals/entities linked to Al-Qaida and Taliban. Before o
PMLA Rules Amended: Beneficial Owner Definition & Record-Keeping
RBI mandates banks to comply with amended PMLA Rules (2005) requiring detailed transaction records and a clear definitio
Prevention of Money-laundering (Amendment) Rules, 2009: NBFC Compliance Advisory
RBI advises all NBFCs and RNBCs to strictly follow the amended Prevention of Money-laundering Rules, 2009. The amendment
NBFCs Must Screen Customers Against UN Terror List
RBI directs all NBFCs and RNBCs to update their records with the UN's consolidated list of individuals/entities linked t
RBI Extends 2% Interest Subvention on Export Credit for FY 2010-11
RBI extends 2% interest subvention on rupee export credit for handicrafts, carpets, handlooms, and SMEs from April 1, 20
RBI Eases Unlisted Non-SLR Investment Rules for Banks
RBI now allows banks to treat proposed-to-be-listed non-SLR debt securities as listed at investment time, easing primary
Infra Bonds Allowed Under HTM: RBI 2010 Circular
RBI allowed banks to classify investments in long-term bonds (min 7-year residual maturity) issued by infrastructure com
Infra Lending Boost: Annuities & Toll Rights as Tangible Security
RBI now allows banks to treat annuities and toll collection rights from road/highway BOT projects as tangible security,
RBI mandates extra authentication for all card-not-present transactions including IVR
RBI has extended mandatory additional authentication to all card-not-present transactions, including IVR, effective Janu
RBI revises interest on clearing-related overdrafts
RBI has mandated that interest on clearing-related overdrafts be benchmarked to the LAF Repo Rate plus a spread: 100 bps
UCBs get freedom to set own deposit conversion policies
RBI now allows Primary Urban Co-operative Banks to set their own policies for converting term, daily, or recurring depos
RBI Raises Forex Cash Limit for Travel to Select Countries
RBI increased the foreign currency notes/coins limit from USD 2,000 to USD 3,000 for travellers to countries other than
FDI Pricing Guidelines Revised for Share Transfers
RBI revised pricing guidelines for FDI share transfers, effective immediately. For listed shares, transfer price from re
UCBs Can Now Open Off-site ATMs Without Annual Plan Approval
RBI has liberalised off-site ATM norms for well-managed Primary (Urban) Cooperative Banks. Eligible UCBs can now set up
NBFCs must get RBI NoC before overseas investments
RBI mandates all NBFCs to obtain a 'No Objection' certificate from the Department of Non-Banking Supervision before maki
Export Credit for Agriculture & Allied Activities: Priority Sector Clarification
RBI clarifies that loans for agriculture and allied activities qualify as priority sector advances even if the borrower
RBI flags high-risk jurisdictions for NBFC KYC/AML compliance
RBI has directed all NBFCs and RNBCs to factor in AML/CFT deficiencies of Iran, Angola, North Korea, Ecuador, Ethiopia,
UCBs to Collect Foreign Currency Cheques Beyond USD
RBI extends customer-friendly collection of foreign currency cheques to all currencies, not just USD. Urban co-operative
J&K Credit Relaxations Extended to March 2011
RBI extends credit relaxations for J&K borrowers by one more year, up to March 31, 2011. All scheduled commercial banks
UN Terror List Update: UCBs Must Screen Accounts
RBI has updated the UNSC 1267 consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban. All Pr
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI has circulated an updated UN consolidated list of individuals/entities linked to Al-Qaida and Taliban. Banks must sc
UNSC 1267/1822 Terror List Update for UCBs
RBI directs Primary Urban Co-operative Banks to update their records with the latest UNSC 1267 Committee's consolidated
RBI Finalizes Note Sorting Machine Standards
RBI has finalized mandatory guidelines for note authentication and fitness sorting parameters in bank-operated machines.
Export Credit for Agriculture: Priority Sector Clarification for RRBs
RBI clarifies that loans by RRBs for agricultural and allied activities qualify as priority sector, even if the borrower
Updated UN Terror List for Co-op Banks: Al-Qaida/Taliban
RBI directs all state and central co-operative banks to update their records with the latest UN 1267 Committee list of i
ECB Policy Liberalised for Infrastructure Finance Companies
RBI now allows IFCs (NBFC-IFCs) to raise ECBs up to 50% of owned funds under automatic route, easing earlier approval-on
RBI Updates RRB Schedule: 9 New Banks In, 40 Old Banks Out
RBI has included 9 amalgamated Regional Rural Banks in the Second Schedule of the RBI Act, 1934, and simultaneously excl
UN Terror List Update for RRBs: Al-Qaida/Taliban Sanctions
RBI directs RRBs to update their UNSCR 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida
Rupee Export Credit Interest Rate Ceiling Extended to June 30, 2010
RBI extends the interest rate ceiling on specified categories of pre-shipment and post-shipment rupee export credit at B
NBFCs Must Disclose Property Mortgage in Housing Project Ads
RBI mandates NBFCs to include a clause in housing project loan terms requiring builders to disclose mortgage details and
UN Terror List Updates: Banks Must Screen Accounts
RBI mandates banks to update the UN 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida and
RBI mandates collateral-free loans up to Rs 10 lakh for MSEs
RBI has accepted a Working Group's recommendation to raise the collateral-free loan limit for MSEs from Rs 5 lakh to Rs
PMLA Rules Amended: RRBs Must Track Beneficial Owners
RBI mandates RRBs to comply with amended PMLA Rules, requiring detailed transaction records and identification of benefi
RRBs: Updated UN Terror List Compliance Mandate
RBI directs all RRBs to update their records with the latest UNSC 1267 consolidated list of terrorist individuals/entiti
StCBs/DCCBs: Update UN Terror List for Al-Qaida/Taliban
RBI directs all state and central co-operative banks to update the UNSC 1267 consolidated list of terrorist individuals/
StCBs/DCCBs: Updated UN Terror List for Al-Qaida/Taliban
RBI directs all state and central co-operative banks to update their records with the latest UN 1267 Committee consolida
Exim Bank's $30 mn LOC to Sierra Leone: Key Details
RBI notifies AD Category-I banks about Exim Bank's USD 30 million Line of Credit to Sierra Leone for water projects. At
PMLA Rules Amended: New Beneficial Owner Definition for Co-op Banks
RBI mandates StCBs/DCCBs to comply with 2010 PMLA amendments: maintain detailed transaction records for reconstruction,
UCBs Must Update UN Terrorist List for Account Screening
RBI directs all Primary Urban Co-operative Banks to update the UN 1267 Committee's consolidated list of terrorist indivi
StCBs/DCCBs: Update Terrorist List Under UNSCR 1267/1822
RBI directs all State and Central Co-operative Banks to update the consolidated list of terrorist individuals/entities l
FEMA Liberalisation: Royalty & Lump-sum Remittances
RBI has removed the prior approval requirement from the Ministry of Commerce for royalty and lump-sum payments under tec
StCBs/DCCBs: Update UN Terror List for Al-Qaida/Taliban
RBI directs all State and Central Co-operative Banks to update the UNSCR 1267 consolidated list of terrorist individuals
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI has circulated the latest UNSC 1267 Committee updates to the consolidated list of terrorist individuals/entities lin
FATF AML/CFT Risk Update for Co-op Banks: May 2010
RBI directs StCBs and CCBs to factor in AML/CFT risks from Iran, Angola, DPRK, Ecuador, Ethiopia, Pakistan, Turkmenistan
KYC norms for proprietary concern accounts
RBI now mandates specific documents for proprietary concern accounts: any two from registration, municipal, tax, or prof
ABN Amro Bank N.V. renamed to The Royal Bank of Scotland N.V. in RBI Schedule
RBI has officially changed the name of 'ABN Amro Bank N.V.' to 'The Royal Bank of Scotland N.V.' in the Second Schedule
Calyon Bank renamed to Credit Agricole Corporate and Investment Bank in RBI Schedule
RBI has officially changed the name of 'Calyon Bank' to 'Credit Agricole Corporate and Investment Bank' in the Second Sc
United Overseas Bank Ltd added to RBI Second Schedule
RBI has included United Overseas Bank Ltd in the Second Schedule of the RBI Act, 1934, effective March 26, 2010. This gr
Commonwealth Bank of Australia added to RBI Second Schedule
RBI has included Commonwealth Bank of Australia in the Second Schedule of the RBI Act, 1934, making it a scheduled bank.
StCBs/DCCBs: Update UN Terrorist List for Account Screening
RBI directs all State and Central Co-operative Banks to update the UNSC 1267 consolidated list of terrorist individuals/
UN Terror List Update: RRBs Must Screen Accounts
RBI directs RRBs to update the UNSC 1267 consolidated list of terrorist individuals/entities linked to Al-Qaida and Tali
RBI Introduces Second Liquidity Adjustment Facility (SLAF)
RBI launched a daily Second Liquidity Adjustment Facility (SLAF) from May 28 to July 2, 2010, as a liquidity easing meas
Temporary SLR Relief via LAF: 0.5% Additional Liquidity
RBI allowed banks to borrow up to 0.5% of NDTL as extra LAF liquidity from May 28 to July 2, 2010, temporarily relaxing
RRBs Must Update UN Terrorist Lists for Account Screening
RBI directs all RRBs to update the consolidated UN list of terrorist individuals/entities linked to Al-Qaida and Taliban
PMLA Rules Amended: NBFCs Must Comply with New KYC/Record-Keeping Norms (Amendment to 2005 Rules)
RBI directs all NBFCs and RNBCs to comply with the amended Prevention of Money-Laundering (Maintenance of Records) Rules
RBI warns banks on fictitious fund offers and lottery scams
RBI reiterates that remittances for lottery, money circulation, or fictitious cheap fund offers are banned under FEMA. B
UNSC 1267/1822 Terror List Update for StCBs/DCCBs
RBI directs all State and Central Co-operative Banks to update the UNSC 1267/1822 consolidated list of terrorist individ
RBI mandates public disclosure of penalties on Primary Dealers
RBI now requires Primary Dealers to publicly disclose penalties imposed for guideline violations. A press release will d
Priority Sector Lending: Export Credit to MSEs & Agriculture by UCBs
RBI clarifies that loans to Micro and Small Enterprises (MSEs) qualify as priority sector regardless of export or domest
RBI Tightens KYC/AML Rules for High-Risk Jurisdictions and Shell Banks
RBI mandates banks to scrutinize transactions from countries with weak AML/CFT regimes, using public info beyond FATF st
PMLA Rules Amended: UCBs Must Track Beneficial Owners
RBI mandates all Primary Urban Co-operative Banks to comply with amended PMLA Rules, requiring detailed transaction reco
Rupee Value of Special Currency Basket Revised to ₹63.0402
RBI revised the Rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
RRBs Must Update Terrorist Lists Under UNSCR 1267/1822
RBI directs all RRBs to update the consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban pe
RBI bars lawyers, CAs from holding client accounts if confidentiality blocks KYC
RBI has clarified that professional intermediaries like lawyers and chartered accountants cannot open or hold bank accou
Update on UN Terrorist List for Al-Qaida/Taliban
RBI directs banks to update their records with the latest UN 1267 Committee list of terrorist individuals/entities linke
RBI Clarifies KYC/AML Rules: Suspicion, STR Filing, PEPs & Principal Officer
RBI clarifies that banks must conduct full-scale CDD before opening accounts if money laundering or terrorist financing
UCB Real Estate Exposure Cap Clarified
RBI clarifies that UCBs' total exposure to real estate, housing, and CRE is capped at 15% of total deposit resources bas
RRBs Must Update UN Terrorist List for Account Screening
RBI directs all RRBs to update the consolidated UN list of terrorist individuals/entities linked to Al-Qaida and Taliban
UCBs: Review Deposits with Other Banks for Clearing
RBI directs non-scheduled UCBs to periodically review deposits placed with other non-scheduled UCBs for clearing arrange
FEMA Compounding Process Updated for AD Banks
RBI has streamlined the compounding of FEMA contraventions, replacing the 2005 procedure. Applications are now processed
StCBs/DCCBs: No Anonymous Accounts via Professional Intermediaries
RBI bars StCBs and DCCBs from opening accounts for clients through lawyers, CAs, or other intermediaries who cannot disc
StCBs/DCCBs: KYC/AML/CFT norms and PMLA obligations
RBI clarifies that StCBs/DCCBs must conduct full-scale customer due diligence (CDD) before opening accounts if money lau
RBI Tightens Norms for Short-Term NCD Issuance (2010)
RBI issued directions effective August 2, 2010, regulating issuance of Non-Convertible Debentures (NCDs) with maturity u
RRBs Barred from Client Accounts via Lawyers, CAs
RBI has directed RRBs to not open or maintain accounts held by professional intermediaries like lawyers and CAs who cann
Cheque Alterations Banned Under CTS from Dec 2010
RBI bans alterations/corrections on cheques cleared under Cheque Truncation System (CTS) from December 1, 2010, to curb
Updated UN Terror List: StCBs/DCCBs Must Screen Accounts
RBI directs all State and Central Co-operative Banks to update the consolidated UN list of terrorist individuals/entitie
RRBs: Enhanced KYC/AML norms for PEPs, STR filing, and CDD
RBI tightens KYC/AML rules for RRBs: full CDD before opening accounts on suspicion of money laundering; file STR with FI
Compromise Settlement of NPAs: Fairness & Compliance Mandated
RBI mandates that all compromise/one-time settlements of NPAs must be fair, transparent, and fully compliant with its gu
Agricultural Loan Margin/Security Waiver Limit Doubled to Rs 1 Lakh
RBI has doubled the threshold for waiving margin and security requirements on agricultural loans from Rs 50,000 to Rs 1,
UN Terror List Update for UCBs: Al-Qaida/Taliban Sanctions
RBI directs all Primary (Urban) Co-operative Banks to update their consolidated list of individuals/entities linked to A
Cash Management Bills: PD Bidding & Success Ratio Rules
Primary Dealers must bid in all Cash Management Bill auctions per their Treasury Bill bidding commitment, and CMB auctio
Master Circular on IRAC Norms for UCBs (July 1, 2010)
RBI consolidated all income recognition, asset classification, and provisioning guidelines for Urban Co-operative Banks
Master Circular on Housing Finance for Urban Co-op Banks
RBI consolidated housing finance guidelines for UCBs as of July 1, 2010. Banks can lend to individuals, societies, and h
Master Circular on Exposure Norms for UCBs – July 2010
RBI consolidated all exposure norms for Urban Co-operative Banks (UCBs) as of June 30, 2010. Key limits: individual borr
Master Circular: Guarantees, Co-Acceptances & Letters of Credit for UCBs
RBI consolidated all guidelines on guarantees, co-acceptances, and letters of credit for Primary Urban Co-operative Bank
Master Circular on NRO Accounts (2010-11)
RBI consolidated all NRO account rules into one master circular effective July 1, 2010, with a one-year sunset clause. I
Master Circular on Remittance Facilities for NRIs/PIOs/Foreign Nationals
RBI consolidated remittance rules for NRIs, PIOs, and foreign nationals into one master circular effective July 1, 2010,
OTC CD and CP Trade Reporting on FIMMDA Platform
From July 1, 2010, all RBI-regulated entities must report OTC secondary market transactions in CDs and CPs on the FIMMDA
Capital Market Exposure: IPC Transition Extended to July 31, 2010
RBI extended the transition period for banks to comply with capital market exposure norms for loans to mutual funds and
RBI mandates phased 60% micro enterprise lending target for banks
Banks must achieve 20% year-on-year credit growth to MSEs, allocate 60% of MSE advances to micro enterprises by 2012-13,
Export proceeds realisation period extended till March 2011
RBI extends the 12-month period for export proceeds realisation and repatriation for goods/software until March 31, 2011
Rupee Export Credit Interest Rates: Subvention & Base Rate Transition
RBI extends 2% interest subvention on rupee export credit for handicrafts, carpets, handlooms, and SMEs from April 1, 20
Update on UN Terrorist List for Al-Qaida/Taliban
RBI has updated the consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban. Banks must scree
RBI Master Circular on RRB Branch Licensing
RBI consolidated all branch licensing rules for Regional Rural Banks into a single master circular. RRBs must now get pr
RBI Master Circular: Investment Portfolio Norms for FIs (2010)
RBI issued a consolidated master circular on prudential norms for classification, valuation, and operation of investment
Master Circular: Bank Finance to NBFCs (2010)
RBI updated its master circular on bank finance to NBFCs, consolidating instructions up to June 30, 2010. Key changes in
Master Circular: Prudential Norms for Bank Investment Portfolios (2010)
RBI consolidated and updated prudential norms for classification, valuation, and operation of banks' investment portfoli
Basel I Capital Adequacy Master Circular 2010
RBI consolidated Basel I capital adequacy norms for commercial banks (excluding RRBs) as of July 1, 2010. This circular
Master Circular on Financial Statement Disclosures
RBI consolidated all disclosure norms for Notes to Accounts in financial statements, updating the 2009 master circular w
RBI Master Circular on Exposure Norms for FIs (2010)
RBI consolidated exposure norms for all-India term-lending and refinancing institutions (Exim Bank, NABARD, NHB, SIDBI)
RBI Master Circular on Disclosure Norms for FIs (2010)
RBI consolidated disclosure norms for all-India term-lending and refinancing institutions (Exim Bank, NABARD, NHB, SIDBI
Master Circular: Resource Raising Norms for FIs (2010)
RBI consolidated resource raising norms for Exim Bank, NABARD, NHB, and SIDBI into a single master circular effective Ju
Master Circular on UCB Branch Expansion and Operations
RBI consolidated all instructions on area of operation, branch authorisation, extension counters, ATMs, and office shift
Priority Sector Lending Master Circular for UCBs (2010)
RBI consolidated priority sector lending rules for Urban Co-operative Banks (UCBs) as of July 1, 2010. Targets remain un
Capital Adequacy Master Circular for Urban Co-op Banks (2010)
RBI issued a consolidated master circular on capital adequacy norms for Primary (Urban) Co-operative Banks, updating all
Master Circular on ECB and Trade Credits (2010-11)
RBI consolidated all ECB and trade credit rules into one master circular effective July 1, 2010, with a one-year sunset
Master Circular on Export of Goods and Services (2010)
RBI consolidated all existing instructions on export of goods and services into one master circular, effective July 1, 2
RBI Consolidates KYC/AML/CFT Norms for Banks (2010)
RBI issued a master circular consolidating all KYC/AML/CFT guidelines up to June 30, 2010, applicable to scheduled comme
Master Circular on Vostro Accounts for Non-Resident Exchange Houses
RBI consolidated guidelines for AD Category-I banks on opening and maintaining rupee/foreign currency vostro accounts fo
Master Circular: Prudential Norms on Income Recognition, Asset Classification and Provisioning
RBI updated its master circular on prudential norms for advances, consolidating all instructions issued up to June 30, 2
Master Circular: Loans & Advances – Statutory & Other Restrictions (2010)
RBI consolidated all statutory and regulatory restrictions on loans and advances for scheduled commercial banks (excludi
Branch Authorisation Master Circular 2010: Key Updates
RBI updated its Master Circular on Branch Authorisation under Section 23 of the Banking Regulation Act, 1949, consolidat
Master Circular on Nomination for Relief/Savings Bonds
RBI consolidated all nomination rules for Relief/Savings Bonds into a single master circular, effective July 1, 2010. Ag
Master Circular on Money Transfer Service Scheme (MTSS)
RBI's 2010 Master Circular consolidates MTSS rules: only inward personal remittances (family maintenance, tourist funds)
FEMA Contravention Compounding: Master Circular 2010-11
RBI's Master Circular No.07/2010-11 consolidates rules for voluntarily compounding FEMA contraventions. It allows indivi
Master Circular on Foreign Entity Offices in India
RBI consolidated rules for foreign entities opening Liaison/Branch/Project Offices in India. Key requirements: profit tr
Master Circular on Exposure Norms (2010)
RBI consolidated all exposure norms for scheduled commercial banks (excluding RRBs) as of July 1, 2010. This covers cred
Master Circular on NRI/PIO Property Acquisition in India
RBI's 2010 Master Circular consolidates rules for NRIs/PIOs buying immovable property in India (excluding farmland). It
FCRA Master Circular: Banks' Role in Foreign Contributions
RBI consolidated FCRA, 1976 guidelines for banks on foreign contributions. Banks must verify recipient registration with
Master Circular on Credit Card Operations (2010)
RBI consolidated all credit card guidelines into a single Master Circular as of July 1, 2010, covering issuance, interes
Master Circular on Wilful Defaulters: Key Updates
RBI consolidated all existing instructions on wilful defaulters into a single Master Circular, effective July 1, 2010. I
Master Circular on Import of Goods and Services (2010)
RBI consolidated all import-related forex rules into one Master Circular for AD Category-I banks. It covers Form A-1, ad
Master Circular on Priority Sector Lending- Special Programmes - Swarnajayanti Gram Swarozgar Yojana (SGSY)
RBI consolidated all SGSY guidelines into a single Master Circular effective July 1, 2010, covering SHG formation, lendi
RBI Master Circular on Risk Management & Inter-Bank Dealings (2010)
RBI consolidated all rules on forex derivatives, commodity hedging, NRI accounts, and inter-bank FX dealings into one ma
Master Circular on Foreign Investment in India (2010)
RBI consolidated all foreign investment rules for AD Category-I banks into a single Master Circular, covering FEMA provi
Master Circular on Money Changing Activities (2010-11)
RBI consolidated all instructions on money changing into Master Circular No. 12/2010-11, effective July 1, 2010, with a
MSME Lending Master Circular 2010: Key Updates
RBI consolidated all MSME lending guidelines into a single Master Circular as of July 1, 2010. It adopts the MSMED Act 2
Master Circular on Interest Rates for Advances (2010)
RBI consolidated all lending rate guidelines into a single Master Circular effective July 1, 2010, covering Base Rate, f
Master Circular on CRR and SLR for SCBs (2010)
RBI consolidated all CRR and SLR instructions into a single master circular effective July 1, 2010, applicable to all sc
Master Circular on Guarantees and Co-acceptances (2010)
RBI consolidated all instructions on bank guarantees and co-acceptances into a single master circular effective July 1,
Master Circular on Interest Rates for Rupee Deposits (Domestic, NRO, NRE)
RBI consolidated all directives on interest rates for domestic, NRO, and NRE rupee deposits as of July 1, 2010. This mas
Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2008 (as amended up to June 30, 2010)
RBI issued a consolidated version of the Non-Banking Financial Companies Auditor's Report (Reserve Bank) Directions, 200
SARFAESI: SC/RC Management Takeover Guidelines 2010
RBI issued guidelines under SARFAESI Act for SC/RCs to change or take over borrower management. Key conditions: dues mus
RBI Master Circular on KYC/AML for NBFCs (2010)
RBI consolidated all KYC/AML guidelines for NBFCs into a single Master Circular as of June 30, 2010, mandating board-app
Miscellaneous NBFC Directions 1977 Updated as on June 30, 2010
RBI issued an updated consolidated version of the Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977, i
Master Circular on Fraud Monitoring for NBFCs
RBI updated its master circular on fraud monitoring for deposit-taking NBFCs, dated July 1, 2010, updated up to June 30,
Bancassurance Disclosure Norms for Banks
RBI mandates banks to disclose commissions earned from bancassurance in balance sheets. This ensures transparency in fee
Master Circular: Interest Rates on Rupee Deposits for Urban Co-op Banks
RBI consolidated all instructions on interest rates for rupee deposits at Primary Urban Co-operative Banks (UCBs) as of
Master Circular on Counterfeit Note Detection and Impounding
RBI issued a 2010 master circular consolidating rules for detecting and impounding counterfeit notes. Banks must stamp,
Penal Interest on Currency Chest Reporting Errors
RBI's 2010 master circular mandates same-day reporting of currency chest transactions via ICCOMS by 9 PM, with penal int
Mortgage Guarantee Companies Investment Directions 2008 Updated
RBI updated the Mortgage Guarantee Companies Investment Directions 2008 as of June 30, 2010. This circular consolidates
RBI Consolidates NBFC-ND-SI Instructions (2010)
RBI consolidated all 2009-10 instructions for systemically important non-deposit taking NBFCs (NBFC-ND-SI) into a single
RBI Master Circular on NBFC Corporate Governance (2010)
RBI consolidated corporate governance norms for NBFCs as of June 30, 2010. Key updates: audit partner rotation every 3 y
Master Circular: NBFC Entry into Insurance & Credit Card Business
RBI consolidated rules for NBFCs entering insurance or credit card business as of June 30, 2010. Key points: NBFCs can d
Master Circular: Fair Practices Code for NBFCs (2010)
RBI consolidated all fair practices instructions for NBFCs/RNBCs as of June 30, 2010. Key requirements: loan application
Master Circular on Capital Adequacy for Standalone Primary Dealers
RBI consolidated all capital adequacy and risk management guidelines for standalone Primary Dealers into a single master
Master Circular on Operational Guidelines for Primary Dealers (2010)
RBI consolidated all operational guidelines for Primary Dealers (PDs) into a single master circular as of July 1, 2010.
Master Circular on Export Credit Refinance Facility
RBI consolidated all export credit refinance (ECR) guidelines into a single master circular as of July 1, 2010. Schedule
Priority Sector Lending Master Circular 2010
RBI consolidated all priority sector lending guidelines into a single Master Circular as of July 1, 2010, covering targe
Master Circular on NBFC Returns – July 2010
RBI consolidated all NBFC return submission instructions into one master circular effective July 1, 2010. It lists manda
Master Circular: Exemptions from RBI Act, 1934 for NBFCs
RBI consolidated exemptions from Chapter III-B of the RBI Act for housing finance institutions, merchant bankers, microf
Master Circular on Direct Tax Collection via OLTAS
RBI updated its master circular on direct tax collection through OLTAS, incorporating instructions issued up to end-June
Priority Sector Lending to Minority Communities: Master Circular (2010)
RBI consolidated all instructions on credit facilities to minority communities into a single Master Circular dated July
Master Circular on Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS)
RBI consolidates all instructions on the SRMS scheme for rehabilitating manual scavengers. Banks must implement the sche
Priority Sector Lending to SC/ST: Master Circular 2010
RBI consolidated all prior instructions on credit facilities for Scheduled Castes and Scheduled Tribes into a single Mas
Master Circular on Management of Advances for UCBs
RBI consolidated all advance management guidelines for Urban Co-operative Banks (UCBs) into a single master circular eff
Master Circular on UCB Investments – July 2010
RBI consolidated all investment guidelines for Primary Urban Co-operative Banks into a single master circular as of July
Master Circular on Inspection & Audit for Urban Co-op Banks
RBI consolidated inspection and audit guidelines for Primary Urban Co-operative Banks as of June 30, 2010, emphasizing s
Master Circular on Board of Directors for UCBs
RBI consolidated all instructions on UCB board composition, roles, and professionalism as of June 30, 2010. Key updates
Master Circular on CRR & SLR for Urban Co-operative Banks (2010)
RBI consolidated all CRR and SLR rules for Primary (Urban) Co-operative Banks as of June 30, 2010. Scheduled UCBs follow
Master Circular on Deposit Accounts for Urban Co-op Banks
RBI consolidated all instructions on deposit account maintenance for Primary Urban Co-operative Banks as of June 30, 201
UN Terror List Update for UCBs: July 2010
RBI directs all Primary Urban Co-operative Banks to update their records with the latest UN 1267 Committee consolidated
Repo Rate Hike: Standing Liquidity Facilities Costlier
RBI hiked repo rate by 25 bps to 5.50% effective July 3, 2010. Standing liquidity facilities for banks (export credit re
Fraud Classification and Reporting for Urban Co-op Banks
RBI updates Master Circular on fraud classification and reporting for Primary Urban Co-operative Banks, effective July 1
Master Circular on Call/Notice Money Market Operations
RBI consolidated all existing call/notice money market guidelines into a single Master Circular, covering participants,
Agency Commission Rates for Government Business
RBI revised agency commission for government business to a transaction-based model from July 1, 2005. Receipts earn Rs.
Master Circular: Pension Disbursement by Agency Banks (2010)
RBI updated its master circular on pension disbursement by agency banks, consolidating instructions up to June 30, 2010.
Master Circular on Commercial Paper Guidelines
RBI consolidated all existing CP guidelines into a single master circular issued on July 1, 2010. Eligible issuers inclu
Master Circular on Certificates of Deposit Guidelines
RBI consolidated all existing CD guidelines into a master circular, effective July 1, 2010. Key rules: minimum deposit R
Securitisation & Reconstruction Companies Guidelines 2003 (Updated June 2010)
RBI consolidated the 2003 Guidelines for Securitisation Companies (SCs) and Reconstruction Companies (RCs) as of June 30
RBI Updates Mortgage Guarantee Company Guidelines (2008) as of June 2010
RBI consolidated the Mortgage Guarantee Company Guidelines, 2008, into a single updated notification as of June 30, 2010
NBFC Master Circular: ALM, Nomination & Liquid Assets
RBI consolidated miscellaneous NBFC instructions as of June 30, 2010, covering ALM system requirements for NBFCs with as
Mortgage Guarantee Companies Prudential Norms 2008 Updated
RBI updated the 2008 prudential norms for Mortgage Guarantee Companies as of June 30, 2010. Key definitions include NPA
RBI Extends Second LAF Daily Till July 30, 2010
RBI has extended the Second Liquidity Adjustment Facility (SLAF) on a daily basis until July 30, 2010, to give banks and
Repo in Corporate Bonds: FIMMDA Reporting from Aug 2, 2010
From August 2, 2010, all repo trades in corporate bonds must be reported on the FIMMDA platform within 15 minutes. This
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI has circulated the latest UNSC 1267 Committee updates to the consolidated list of terrorist individuals/entities lin
Penalty for SGL Form Bouncing: New RBI Rules
RBI replaces automatic 6-month SGL account debarment with graded monetary penalties up to Rs 5 lakh per instance, effect
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI has forwarded updated UN 1267 Committee list of terrorist individuals/entities linked to Al-Qaida and Taliban. Banks
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI mandates banks to update and screen against the UNSC 1267/1822 consolidated list of terrorist individuals/entities l
Rupee Value of Special Currency Basket Revised to Rs.60.8816
RBI revised the Rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
RRBs Must Update UN Terrorist List for Account Screening
RBI directs all RRBs to update the UNSC 1267/1822 consolidated list of terrorist individuals/entities and screen new and
Fraud Classification and Reporting Master Circular 2010
RBI's July 2010 Master Circular consolidates fraud reporting norms for scheduled commercial banks. It mandates timely, a
Master Circular: Note and Coin Exchange at Bank Branches
RBI mandates all bank branches to actively exchange soiled notes and coins, accept small denominations, and designated b
SLR Shortfall: Additional LAF Liquidity Support Extended to July 16, 2010
RBI extends temporary additional LAF liquidity support—up to 0.5% of NDTL—until July 16, 2010. Banks can use excess SLR
Repo and Reverse Repo Rate Hiked by 25 bps
RBI raised repo rate to 5.50% and reverse repo rate to 4.00%, effective July 2, 2010, as part of a calibrated exit from
RBI Liberalises Mobile Branch and ATM Rules for Tier 3-6 Centres
RBI now allows domestic scheduled commercial banks (excluding RRBs) to set up mobile branches and ATMs in Tier 3-6 centr
UN Terror List Update for Urban Co-op Banks
RBI has circulated an updated UN 1267 Committee list of individuals/entities linked to Al-Qaida and Taliban. All Urban C
Update on UN Terrorist List for Banks
RBI directs banks to update the consolidated list of individuals/entities linked to Al-Qaida and Taliban under UNSCR 126
G-Sec, Repo, CBLO Market Timings Revised to 9 AM-5 PM
RBI has shortened the trading window for G-sec, repo, and CBLO (T+1 settlement) by 30 minutes, aligning it with money an
RRBs: Enhanced KYC/AML Checks for High-Risk Jurisdictions
RBI directs RRBs to scrutinize transactions from countries with weak AML/CFT regimes, including those flagged by FATF. B
Export Write-offs: Surrender of Incentives Relaxed
RBI now allows AD banks to approve export write-offs without requiring surrender of most export incentives (except Duty
ECB Take-out Finance for Infrastructure Projects
RBI now permits infrastructure borrowers in sea ports, airports, roads, and power sectors to refinance domestic rupee lo
Rupee Value of Special Currency Basket Revised to Rs.62.788607
RBI revised the Rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
PMLA Second Amendment Rules 2010: Key AML Obligations for Banks
RBI notifies banks of the Prevention of Money-laundering Second Amendment Rules, 2010, effective June 16, 2010. Banks mu
KYC/AML norms for co-op banks: FATF non-compliant countries & shell banks
RBI directs all state and central co-op banks to enhance scrutiny of transactions from FATF-listed and non-compliant cou
UNSC 1267/1822 Terror List Update for Co-op Banks
RBI directs all state and central co-operative banks to update the UNSC 1267/1822 consolidated list of terrorist individ
NBFCs must not discriminate against disabled loan applicants
RBI directs all NBFCs to stop discriminating against physically or visually challenged persons in loan offerings. Branch
NBFC Prudential Norms Extended to Primary Dealers
RBI has clarified that the NBFC prudential norms on credit/investment concentration limits apply to all standalone Prima
RRBs Must Update UN Terrorist List for Account Screening
RBI directs all RRBs to update the UN 1267 Committee's consolidated list of individuals/entities linked to Al-Qaida and
Repo Rate Hiked to 5.75%: Standing Liquidity Facilities Priced Higher
RBI raised the repo rate by 25 bps to 5.75% effective July 27, 2010. Consequently, standing liquidity facilities for ban
LAF Securities No Longer Count as SLR Assets
RBI has ruled that securities acquired under the Liquidity Adjustment Facility (LAF), including margin, cannot be treate
Repo and Reverse Repo Rate Hiked in July 2010
RBI raised repo rate by 25 bps to 5.75% and reverse repo rate by 50 bps to 4.50%, effective from the second LAF on July
Revitalising SLBC Meetings: CM Participation & Workshops
RBI directs SLBC convenor banks to encourage Chief Ministers to attend at least one SLBC meeting annually and to organis
UCBs Must Update UN Terrorist List for Compliance
RBI directs all Primary Urban Co-operative Banks to update the consolidated UN 1267 Committee list of individuals/entiti
Updated UN Terror List for Co-op Banks
RBI directs StCBs/DCCBs to update their UNSCR 1267/1822 terrorist lists with new Al-Qaida/Taliban entries from July 15,
Prevention of Money-laundering Second Amendment Rules, 2010: Compliance Obligations for RRBs
RBI notified RRBs of the Prevention of Money-laundering Second Amendment Rules, 2010, via Government Notification No. 10
UNSC 1267 List Update: Al-Qaida/Taliban Sanctions Compliance
RBI directs cooperative banks to update their UNSC 1267 consolidated list of terrorist individuals/entities linked to Al
Updated UN Terror List for Co-op Banks: Al-Qaida/Taliban
RBI directs all state and central co-operative banks to update their records with the latest UN 1267 Committee list of t
HTM Sale Cap: 5% Threshold Triggers Disclosure
RBI caps HTM sales/transfers at 5% of book value for FIs; exceeding triggers mandatory market value disclosure in annual
RBI cracks down on delayed credits in RTGS/NEFT/ECS
RBI warns member banks to strictly follow procedural guidelines for RTGS, NEFT, NECS, and ECS, or face penalties under t
RBI eases AAC deadline for foreign BOs/LOs in India
RBI has extended the deadline for foreign Branch/Liaison Offices to submit Annual Activity Certificates (AACs) from Apri
HTM Sale Disclosure Threshold Set at 5%
RBI mandates that if banks sell or transfer over 5% of HTM book value in a year, they must disclose the market value and
RRBs: Update UN Terrorist List & Screen Accounts
RBI directs all RRBs to update the UNSC 1267/1822 consolidated list of terrorist individuals/entities, screen new and ex
FATF-flagged Jurisdictions: Enhanced KYC/AML Checks Required
RBI directs banks to apply enhanced due diligence for business with Iran, DPRK, and Sao Tome and Principe due to FATF-id
RBI Extends Transition Period for Capital Market Exposure Norms
RBI has extended the transition period for banks to comply with capital market exposure norms, including loans to mutual
UN Terror List Updates for Urban Co-op Banks
RBI directs Urban Cooperative Banks to update their records with the latest UN 1267 Committee list of individuals/entiti
RBI Permits Exchange-Traded USD-INR Currency Options for Residents
RBI now allows residents to trade plain vanilla currency options on spot USD-INR on SEBI-recognised stock exchanges, exp
NCD Issuance Reporting: New RBI Rules for Debenture Trustees
RBI mandates debenture trustees to report NCD issuance, outstanding amounts, and defaults. Issuance reports due within 3
UN Terror List Update for UCBs: Al-Qaida/Taliban Sanctions
RBI directs all Primary Urban Co-operative Banks to update their UNSCR 1267/1822 consolidated list of terrorist individu
UN Terror List Update for StCBs/DCCBs – July 2010
RBI directs all StCBs and DCCBs to update their records with the latest UN 1267 Committee list of individuals/entities l
UNSC 1267 Terror List Update for Co-op Banks
RBI directs all state and central co-operative banks to update their UNSC 1267 consolidated list of terrorist individual
RBI Updates KYC/AML Guidance for UCBs on High-Risk Jurisdictions
RBI directs AD I category UCBs to apply enhanced scrutiny on transactions involving Iran, North Korea, and Sao Tome and
UN Terror List Update for UCBs – August 2010
RBI directs all Primary (Urban) Co-operative Banks to update their records with the latest UN 1267 Committee's consolida
RBI's New Regulatory Framework for Core Investment Companies (CICs)
RBI now requires Core Investment Companies (CICs) with assets of ₹100 crore or more to register as systemically importan
ECB Limit Raised for Hotels, Hospitals, Software Firms
RBI now allows hotels, hospitals, and software companies to raise ECB beyond USD 100 million per year under the Approval
NBFC-ND-SI Repo in Corporate Debt Securities: RBI Clarifications
RBI clarifies that only NBFCs-ND with asset size of Rs. 100 crore and above (NBFCs-ND-SI) can participate in repo transa
RBI expands export credit subvention to new sectors
RBI extended 2% interest subvention on rupee export credit to leather, jute, engineering goods, and textiles sectors, ef
RBI tightens KYC/AML norms for Iran, DPRK, Sao Tome
RBI directs cooperative banks to factor in AML/CFT risks from Iran, DPRK, and Sao Tome and Principe when dealing with pe
NBFCs: Enhanced KYC/AML for High-Risk Jurisdictions
RBI directs NBFCs to use public info beyond FATF statements to identify countries with weak AML/CFT regimes, and scrutin
NBFCs barred from anonymous client accounts via intermediaries
RBI has tightened KYC/AML norms for NBFCs: professional intermediaries (lawyers, CAs) bound by client confidentiality ca
1% Interest Subvention on Housing Loans Up to Rs 10 Lakh
RBI extends 1% interest subvention on housing loans up to Rs 10 lakh (unit cost ≤ Rs 20 lakh) until March 31, 2011. Bank
FCCB Buyback Window Extended to June 2011
RBI extends the approval route for FCCB buybacks until June 30, 2011. Indian companies can now apply through their AD Ca
Exim Bank's $15 mn Line of Credit to Cambodia
RBI notifies AD Category-I banks about Exim Bank's USD 15 million Line of Credit to Cambodia for a transmission line pro
RRBs Must Update UN Terrorist Lists for Account Screening
RBI directs all RRBs to update the consolidated UN list of terrorist individuals/entities linked to Al-Qaida and Taliban
PMLA Second Amendment Rules 2010: NBFCs Must Update AML Compliance
RBI mandates NBFCs and RNBCs to comply with amended Prevention of Money-laundering (Maintenance of Records) Second Amend
No-Frills Accounts for Student Scholarships
RBI directs banks to open no-frills accounts for students from minority communities or other disadvantaged groups to rec
KYC/AML norms for UCBs: FATF countries & shell banks
RBI directs Primary Urban Co-operative Banks to monitor transactions from FATF-identified jurisdictions and countries wi
Exim Bank's USD 5.763 mn Line of Credit to Suriname for Helicopters
RBI notifies AD Category-I banks about Exim Bank's USD 5.763 million Line of Credit to Suriname for purchasing helicopte
Lead Bank for New Yadgir District Assigned to SBI
RBI assigned Lead Bank responsibility for Karnataka's new Yadgir district to State Bank of India, effective from the dis
RRBs: Updated FATF List of High-Risk Jurisdictions for AML/CFT
RBI has directed RRBs to apply enhanced scrutiny on transactions involving Iran, DPRK, and Sao Tome and Principe, based
UCBs: No Anonymous Accounts via Lawyers/CAs
RBI bars UCBs from opening accounts for professional intermediaries (lawyers, CAs) bound by client confidentiality that
UCBs: Enhanced KYC/AML/CFT Compliance and STR Filing
RBI clarifies that UCBs must conduct full-scale customer due diligence (CDD) before opening accounts if money laundering
FATF Jurisdictions: KYC/AML Alert for Co-op Banks
RBI advises StCBs/DCCBs to consider FATF statement (June 25, 2010) regarding jurisdictions called upon to complete actio
RRBs Must Update Terrorist Lists Under UNSCR 1267/1822
RBI directs all RRBs to update the consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban un
UCBs Must Update Terrorist Lists Under UNSCR 1267
RBI directs all Primary Urban Co-operative Banks to update the consolidated list of individuals/entities linked to Al-Qa
PMLA Second Amendment Rules 2010: Obligations for Payment System Operators
RBI mandates all payment system operators to comply with the Prevention of Money-laundering (Second Amendment) Rules, 20
RBI Tightens FDI Reporting: AD Banks Must Track Remittances
RBI directs AD Category-I banks to ensure clients report FDI consideration within 30 days and issue instruments within 1
Exim Bank's USD 25 mn LOC to PTA Bank
RBI notified a USD 25 million Exim Bank line of credit to PTA Bank (Kenya) for financing Indian exports to 17 African me
UN Terror List Update: Al-Qaida/Taliban Sanctions
RBI mandates banks to update the UN 1267 consolidated list of terrorist individuals/entities linked to Al-Qaida and Tali
RRBs: New KYC Docs for Proprietary Concern Accounts
RBI now allows RRBs to accept Central/State Government registration or licensing documents, plus IEC from DGFT, as valid
RRBs must act on FATF's AML/CFT deficiency list
RBI directs all Regional Rural Banks to review and act on FATF's June 25, 2010 statement identifying jurisdictions with
Interest Subvention on Short-Term Crop Loans for 2010-11
RBI announces 1.5% interest subvention and 2% additional subvention for timely repayment on short-term crop loans up to
Co-op Banks Must Share Data with New Credit Info Companies
RBI directs co-operative banks to furnish credit data to newly registered CICs—Experian and Equifax—alongside CIBIL. Ban
Cheque Return Memo Must Now Show Date of Return
RBI mandates that all banks must mention the 'date of return' on the Cheque Return Memo for dishonoured cheques, effecti
Uniform Penal Interest for NEFT/NECS/ECS Delays
RBI has standardized penal interest for delayed credit/return in NEFT, NECS, and ECS to LAF Repo Rate plus 2%, effective
Exim Bank's USD 67.4 Million Line of Credit to Sri Lanka for Railway Upgrade
RBI notifies AD Category-I banks about Exim Bank's USD 67.4 million line of credit to Sri Lanka for upgrading the Colomb
RBI Allows For-Profit Companies as Business Correspondents
RBI now permits banks to engage for-profit companies (excluding NBFCs) as Business Correspondents, expanding the pool be
RRBs Must Update UN Terrorist Lists for Account Screening
RBI directs all RRBs to update the consolidated UN list of terrorist individuals/entities linked to Al-Qaida and Taliban
RBI Tightens Ban on Bank Loans for Promoters' Equity Contribution
RBI has clarified that banks cannot finance promoters' equity contributions or related costs like non-compete fees. This
Dispute Resolution Mechanism for Payment Systems
RBI mandates all authorized payment system providers to establish a formal Dispute Resolution Mechanism within three mon
NBFCs: Updated FATF List of High-Risk Jurisdictions for AML/CFT
RBI directs NBFCs/RNBCs to factor in AML/CFT risks from Iran, DPRK, and Sao Tome and Principe per FATF's June 2010 state
RBI Allows Bullet Repayment for Gold Loans up to ₹1 Lakh for RRBs
RBI now permits Regional Rural Banks to offer bullet repayment for gold loans up to ₹1 lakh, with a 12-month tenure. Int
RRBs Must Update Terrorist Lists Under UNSCR 1267
RBI directs all RRBs to update the consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban un
NPCI and USEIL investments excluded from capital market exposure limits
RBI now excludes bank investments in NPCI and USEIL from the 40% net worth aggregate and 20% direct capital market expos
RBI Bans Exclusivity Clauses in Cross-Border Money Transfer Agent Contracts
RBI prohibits overseas money transfer operators from including exclusivity clauses in contracts with RBI-regulated agent
NBFCs Allowed to Hedge Forex via Currency Options Exchanges
RBI now permits systemically important non-deposit taking NBFCs (asset size ≥ ₹100 crore) to participate in SEBI-recogni
Repo Rate Hiked to 6%: Standing Liquidity Facilities Costlier
RBI raised the repo rate by 25 bps to 6.0% effective September 16, 2010. Consequently, standing liquidity facilities for
RBI Mandates Remitter Details in Passbook for NEFT/NECS/ECS Credits
RBI now requires banks to print remitter name (from NEFT field 6091) and ECS user details in passbooks/statements for al
PSBs must remit e-payments to govt in T+1 day from Nov 1, 2010
Public Sector Banks must remit all government e-payments to the government account within T+1 working day (including put
UN Terror List Update for UCBs – Sept 2010
RBI directs all Primary Urban Co-operative Banks to update their records with the latest UN 1267 Committee consolidated
FATF-flagged jurisdictions: NBFCs must update KYC/AML checks
RBI directs all NBFCs and RNBCs to factor in FATF's June 2010 statement identifying jurisdictions with strategic AML/CFT
UNSC 1267/1822 Terror List Update for Banks
RBI has circulated the latest UNSC 1267 Committee updates to the consolidated list of individuals/entities linked to Al-
RBI raises ICD limit for standalone PDs to 75% of NOF
RBI has increased the inter-corporate deposit (ICD) ceiling for standalone primary dealers from 50% to 75% of net owned
RBI Denies Bilateral Netting for Derivative Exposures
RBI has disallowed bilateral netting of mark-to-market values for derivative contracts due to legal ambiguity. Banks mus
RBI Reminds Urban Co-op Banks to Submit ATM Complaint Plan
RBI has flagged that some urban co-operative banks missed the July 31, 2010 deadline to submit an action plan for placin
IPCs for Capital Market: New Risk Norms from Nov 2010
From 1 Nov 2010, custodian banks issuing IPCs must have a client agreement giving inalienable right over securities. Max
RBI curbs bank investments in zero coupon bonds
RBI has barred banks from investing in zero coupon bonds unless issuers create a sinking fund for accrued interest, inve
RBI Directive on Settlement & Default Handling for Net Systems
RBI issued a directive under PSS Act 2007 mandating legal certainty for netting and settlement finality in multilateral/
UCBs Must Show Remitter Details on Passbooks for NEFT/NECS/ECS Credits
RBI mandates urban co-operative banks to include remitter name and credit source in passbooks/statements for NEFT, NECS,
RBI Clarifies 2FA Mandate for Card-Not-Present Transactions
RBI clarifies that the additional authentication mandate for card-not-present transactions applies to all Indian-issued
IFC Infrastructure Bonds Exempted from Public Deposit Rules
RBI exempts long-term infrastructure bonds issued by Infrastructure Finance Companies (IFCs) under Section 80CCF of the
StCBs/DCCBs: Collecting Account Payee Cheques Up to ₹50,000 for Co-op Credit Society Members
RBI now allows banks to collect account payee cheques up to ₹50,000 for co-operative credit societies, provided the paye
RRBs Must Update UN Terrorist List for Account Screening
RBI directs all RRBs to update the UNSC 1267 consolidated list of terrorist individuals/entities linked to Al-Qaida and
UNSC 1267 Terror List Update for UCBs
RBI directs Primary Urban Co-operative Banks to update the UNSC 1267 consolidated list of individuals/entities linked to
UCBs Allowed to Trade Currency Options on Exchanges as Clients
RBI now permits AD Category-I Primary (Urban) Cooperative Banks to participate in exchange-traded currency option market
RBI mandates account-number-only credit for electronic payments
RBI now allows banks to credit RTGS/NEFT/NECS/ECS inward transactions based solely on beneficiary account number, withou
RBI Extends Restructuring Norms to AIFIs
RBI has extended its prudential guidelines on restructuring of advances to select AIFIs (Exim Bank, NABARD, NHB, SIDBI),
Exim Bank's USD 21.80 mn Line of Credit to Mauritania
RBI notifies AD Category-I banks about Exim Bank's USD 21.80 million Line of Credit to Mauritania for drinking water and
RRBs Must Open No-Frills Accounts for Minority Students
RBI directs Regional Rural Banks to open no-frills accounts for minority community students to access government scholar
RTGS threshold raised to Rs 2 lakh; NEFT gets cheaper band
RBI raised RTGS customer transaction threshold from Rs 1 lakh to Rs 2 lakh effective Nov 15, 2010, and introduced a lowe
Repo Rate Hiked to 6.25%: Standing Liquidity Facilities Costlier
RBI raised the repo rate by 25 bps to 6.25% effective November 2, 2010. Standing liquidity facilities for banks (export
Repo and Reverse Repo Rates Hiked by 25 bps
RBI raised repo rate to 6.25% and reverse repo rate to 5.25%, effective immediately, as part of the Second Quarter Revie
RBI Announces Special LAF for Nov 1-4, 2010
RBI will conduct a special second LAF (SLAF) at 4:15 PM daily from November 1 to 4, 2010, to ease liquidity. All other L
RBI directs banks to open IGNOAPS beneficiary accounts
RBI has instructed all scheduled commercial banks to facilitate account opening for Indira Gandhi National Old Age Pensi
SLR Shortfall: Additional LAF Support Extended to Nov 4
RBI extends additional LAF support up to 1% of NDTL (as on Oct 8, 2010) from Nov 1-4, 2010, with waiver of penal interes
SLR Shortfall Waiver for LAF Support (Oct 2010)
RBI allowed banks to borrow up to 1% of NDTL via a special 2-day repo on Oct 30, 2010, and waived penal interest for any
LAF Liquidity Easing: Special Repo Auctions in Oct-Nov 2010
RBI announced temporary liquidity easing via special second LAF auctions on Oct 29 and Nov 1, 2010, plus a special 2-day
IPC Clause Deadline Extended for Custodian Banks
RBI extends deadline for custodian banks to include inalienable right clause in client agreements for IPCs to December 3
Banks Allowed in Exchange Traded Currency Options
RBI permits AD Category-I banks meeting prudential norms to trade currency options on recognized exchanges for themselve
Zero Coupon Bond Norms Extended to AIFIs
RBI extends prudential norms on zero coupon bond investments to select AIFIs (Exim Bank, NABARD, NHB, SIDBI), aligning t
FATF-identified jurisdictions: UCBs must update AML/CFT checks
RBI directs all AD I category Urban Co-operative Banks to consider FATF’s June 2010 statement listing jurisdictions with
RBI Eases Exposure Norms for Standalone Primary Dealers
RBI has raised exposure limits for standalone Primary Dealers from 15% to 25% of NOF for single borrowers and from 25% t
RBI Consolidates Audit Committee Review Calendar
RBI has consolidated all ACB review requirements into a single calendar, covering quarterly, half-yearly, and annual rev
Repo in Corporate Debt: New Settlement & Haircut Norms
RBI now allows T+0 settlement for repo in corporate debt securities, alongside existing T+1/T+2. Minimum haircuts are re
SLR Shortfall Waiver: Additional LAF Support Up to 1% NDTL
RBI allows banks to avail additional LAF support up to 1% of NDTL from Nov 9 to Dec 16, 2010, with waiver of penal inter
RBI Introduces Daily Special LAF to Ease Liquidity Pressure
RBI launched a daily Special LAF (SLAF) at 4:15 PM from Nov 9 to Dec 16, 2010, to ease frictional liquidity pressure. Al
RTGS Customer Charges Clarified for ₹2 Lakh and Above
RBI clarifies that revised RTGS customer charges apply to transactions of ₹2 lakh and above. For amounts between ₹2 lakh
RBI Mandates Duration Gap Analysis for Interest Rate Risk
RBI now requires all scheduled commercial banks (excluding RRBs and LABs) to adopt Duration Gap Analysis alongside Tradi
Settlement Date Accounting for Government Securities
RBI mandates all commercial banks (excluding RRBs) to use Settlement Date accounting for Government securities transacti
RTGS Migration to Windows 2008: Schedule Released
RBI has released the migration schedule for RTGS members to move to Windows 2008 environment. Members must complete migr
RBI eases prepaid payment instrument rules: Nov 2010
RBI expanded prepaid payment instrument (PPI) rules: semi-closed PPIs can now pay for travel tickets; banks can issue se
State Bank of Indore Removed from RBI Second Schedule
RBI has excluded State Bank of Indore from the Second Schedule of the RBI Act, 1934, effective August 26, 2010, as it ce
Off-Balance Sheet Netting Norms Extended to AIFIs
RBI extends bilateral netting guidelines for counterparty credit exposures to select All-India Financial Institutions (E
RRB Branch Licensing Relaxed for Tier 3-6 Centres
RBI now allows Regional Rural Banks to open branches in Tier 3 to Tier 6 centres (population up to 49,999) without prior
PDO-NDS Upgrade to Windows 2008: Reminder and Deadline
RBI reminds all NDS members to upgrade their PDO-NDS system to Windows 2008 by December 31, 2010. Setup documents are on
RBI Guidelines for OPGSP Export Receipts
RBI now allows AD Category-I banks to repatriate export proceeds via Online Payment Gateway Service Providers (OPGSPs) f
UCB Branch Expansion Norms Liberalised
RBI has liberalised branch/extension counter opening norms for well-managed, financially sound Urban Cooperative Banks (
UCBs: Area of Operation Liberalised for Strong Banks
RBI has withdrawn restrictions on Multi-State status and cross-state area expansion for well-managed UCBs with minimum n
RBI Updates Reporting Path for AD Category-I Branches
RBI has revised the web path for accessing the Directory of AD Category-I branches and the RBIMOF software. Banks must u
UCBs Get INFINET, RTGS Access and RBI Accounts
RBI now allows all licensed UCBs (except those under all-inclusive directions) to open current/SGL accounts with RBI and
UCBs with 12%+ CRAR Exempted from Share-Linking Norm
RBI exempts well-capitalised Urban Co-operative Banks (CRAR ≥12% on a continuous basis) from the mandatory requirement t
Bank of Rajasthan Removed from RBI Schedule II
RBI has excluded The Bank of Rajasthan Limited from the Second Schedule of the RBI Act, 1934, effective August 18, 2010.
CFMS Upgrade to Windows 2008: Deadline Dec 31, 2010
RBI mandates CFMS members to upgrade from Windows 2000 to Windows 2008 Enterprise Edition and IBM MQ 7.0 by December 31,
Processing Inward E-Payments Using Only Account Number
RBI advises Primary Urban Co-operative Banks to process inward electronic payments (RTGS, NEFT, NECS, ECS) using only th
NBFCs must finalise balance sheet within 3 months
RBI mandates all NBFCs to finalise their balance sheet within 3 months of the financial year-end (by June 30). Statutory
RBI Licenses High Mark as Credit Information Company
RBI granted a Certificate of Registration to High Mark Credit Information Services Pvt. Ltd. on November 25, 2010, allow
RBI Tightens KYC/AML for Cross-Border Remittances Under MTSS
RBI directs Indian Agents under MTSS to use public info to identify high-risk jurisdictions, monitor transactions from s
RBI Tightens KYC/AML Rules for Money Changers on FATF Non-Applicable Countries
RBI directs Authorised Persons to go beyond FATF statements and use public info to identify high-risk jurisdictions for
Daily Second LAF Auction Extended Till Jan 28, 2011
RBI extends daily Second Liquidity Adjustment Facility (SLAF) auctions at 4:15 PM through January 28, 2011, to ease liqu
RBI Doubles SLR Liquidity Support to 2% of NDTL Till Jan 28, 2011
RBI has increased additional LAF liquidity support from 1% to 2% of NDTL for scheduled commercial banks, effective immed
Escrow Account Protection for Prepaid Payment Instruments
RBI mandates banks to add a clause in escrow agreements for non-bank prepaid payment issuers, ensuring escrow funds are
RBI Tightens KYC/AML Rules for MTSS Cross-Border Remittances
RBI mandates full-scale customer due diligence for suspicious MTSS remittances, requires STR filing when identity cannot
RBI Tightens KYC/AML Rules for Money Changers
RBI mandates full customer due diligence for suspicious money changing transactions, requires STR filing when identity i
SC/RCs Must Join Credit Information Companies
RBI mandates all Securitisation Companies/Reconstruction Companies to become members of at least one Credit Information
Full Disclosure of Loan Processing Fees for Co-op Banks
RBI mandates StCBs and CCBs to transparently disclose all loan processing fees, charges, and the all-in-cost to borrower
UCB Unsecured Loan Limits Enhanced
RBI has raised unsecured loan limits for UCBs complying with 9% CRAR, with individual caps from Rs.1 lakh to Rs.5 lakh b
UCBs Allowed to Use Business Correspondents for Financial Inclusion
RBI now permits well-managed, financially sound Urban Co-operative Banks (UCBs) to engage Business Correspondents (BCs)
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI directs banks to update the UNSCR 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida a
MSME Clubbing of Investments Rule Rescinded
RBI has withdrawn the requirement to club investments of multiple enterprises under same ownership for MSME classificati
RBI Licenses High Mark as New Credit Information Company for RRBs
RBI has issued a Certificate of Registration to High Mark Credit Information Services Pvt. Ltd., allowing it to commence
RBI warns banks on money mule accounts
RBI cautions banks that fraudsters use 'money mules'—recruited individuals—to launder proceeds of phishing and identity
Co-op Banks: CRR/SLR Exemption on IDBI Current Account Balances
State and Central Co-operative Banks are exempted from maintaining CRR and SLR on amounts deposited in current accounts
RBI licenses High Mark Credit Information Services
RBI has issued a Certificate of Registration to High Mark Credit Information Services Pvt. Ltd., authorizing it to opera
RBI cracks down on poor KYC/AML compliance in co-op banks
RBI has flagged very poor compliance with KYC/AML norms under PMLA, 2002 among co-operative banks. Banks must appoint a
RBI Eases NCD Rules for FIs, NBFCs, and FIIs
RBI amended NCD directions to allow Financial Institutions to invest in NCDs up to one year, permit NBFCs/PDs without wo
RRBs: Tougher KYC Norms for Salaried Employee Accounts
RBI tightens KYC for RRBs opening salaried employee accounts. Employer certificates alone are no longer sufficient; bank
Exim Bank's USD 72.55 mn Line of Credit to Lao PDR
RBI notifies AD Category-I banks of Exim Bank's USD 72.55 million Line of Credit to Lao PDR for two power projects. At l
VCF Investment Norms Extended to AIFIs
RBI extended prudential guidelines on venture capital fund investments, originally issued for banks in 2006, to select A
FATF Jurisdictions Update: KYC/AML for Money Changers
RBI directs authorized persons to factor in FATF's June 2010 statement on jurisdictions with AML/CFT deficiencies when d
FATF-flagged jurisdictions: Updated AML/CFT risks for MTSS agents
RBI directs MTSS Indian agents to apply enhanced scrutiny on cross-border remittances from Iran, North Korea, and Sao To
FATF Updates: Enhanced AML/CFT Checks for Iran, DPRK, Sao Tome
RBI mandates enhanced KYC/AML scrutiny for transactions involving Iran, North Korea, and Sao Tome and Principe due to FA
UNSC 1267 Sanctions List Updates for Banks
RBI mandates banks to update UNSC 1267/1822 sanctions list with new entries from Government of India. Before opening acc
SLR Shortfall: LAF Support Reduced to 1% of NDTL
RBI has reduced additional LAF liquidity support from 2% to 1% of NDTL for SLR shortfalls, effective December 18, 2010 t
SLR Reduced from 25% to 24% of NDTL
RBI cut the Statutory Liquidity Ratio (SLR) for scheduled commercial banks from 25% to 24% of NDTL, effective December 1
FIRC Not Needed for NRE Account Credits via RTGS/NEFT (Clarification)
RBI clarifies that FIRC should not be issued for inward remittances credited to NRE accounts. For remittances received t
SGSY Group Life Insurance: Revised Payouts for Natural & Accidental Death
RBI has revised SGSY Group Life Insurance payouts: LIC now pays ₹6,000 for natural death and ₹12,000 for accidental deat
RRBs Must Update UN Terrorist Lists for Account Screening
RBI directs RRBs to update the consolidated UN list of terrorist individuals/entities linked to Al-Qaida and Taliban. Be
Prevention of Money-laundering Second Amendment Rules, 2010 - Obligation of Authorised Persons
RBI circular directs compliance with the Prevention of Money-laundering Second Amendment Rules, 2010, requiring authoris
UN Terror List Update for Urban Co-op Banks
RBI has forwarded the latest UN 1267 Committee updates to the Al-Qaida/Taliban consolidated list. Urban co-operative ban
Exim Bank's USD 42 mn Line of Credit to Congo for Hydro Project
RBI notifies AD Category-I banks about Exim Bank's USD 42 million Line of Credit to the Government of Democratic Republi
Revised OTC Forex Derivatives & Commodity Hedging Guidelines
RBI revised comprehensive guidelines for OTC foreign exchange derivatives and overseas hedging of commodity price and fr
UCBs: Update UN Terrorist Lists & Screen Accounts
RBI directs all Primary (Urban) Co-operative Banks to update their records with the latest UNSCR 1267/1822 consolidated
Indo-Iran Trade: ACU Settlement Suspended
RBI has suspended mandatory ACU settlement for all eligible current account and trade transactions with Iran. Banks must
NCD Issuance: Single Bank Certificate & Multi-Tranche Rules
RBI clarifies that NCD issuers with multiple banking relationships need only one bank's certificate on asset quality, wi
RRBs: New CICs, DIN in Data, and Updated Address
RBI mandates RRBs to share current and historical data with new credit information companies (Experian, Equifax, High Ma
RRBs warned on money mule accounts
RBI directs RRBs to strictly follow KYC/AML/CFT norms to prevent misuse by money mules—individuals recruited to receive
RRBs: New Rules for Pension Accounts Under Delhi Government Scheme
RBI directs RRBs to not convert singly-operated pension accounts under government financial assistance schemes into join
Oil & Gas Import Payments Exempted from ACU Route
RBI now allows oil and gas import payments to be settled in any permitted currency outside the ACU mechanism, reversing
RBI licenses High Mark as new credit information company
RBI granted a Certificate of Registration to High Mark Credit Information Services Pvt. Ltd. on November 25, 2010, allow
RBI drops annual forex card usage reporting for banks
RBI has discontinued the requirement for banks to submit an annual statement on international debit card forex usage exc
FATF Jurisdiction Risks for MTSS Agents
RBI directs MTSS Indian Agents to factor in FATF-identified AML/CFT deficiencies of certain jurisdictions when handling
UN Terror List Updates for Cooperative Banks
RBI directs StCBs/DCCBs to update UNSCR 1267/1822 terrorist lists using eight new UN notes (Aug-Dec 2010). Banks must sc
UCBs: Curbing Money Mule Accounts via KYC/AML Compliance
RBI warns Primary Urban Co-operative Banks about 'money mules' used to launder fraud proceeds. Banks must strictly follo
RBI Permits Bank Investment in Short-Term NCDs (Up to 1 Year)
RBI now allows banks to invest in Non-Convertible Debentures with original maturity up to one year, issued by corporates
Basel II Parallel Run Extended to March 2013 with 80% Floor
RBI extends Basel II parallel run for all scheduled commercial banks (excluding local area and rural banks) until March
RBI Extends Parallel Run for IVR Authentication, Seeks Input on MOTO Exemptions
RBI allows a one-month parallel run for additional factor authentication on IVR transactions until Jan 31, 2011, after w
RRBs Must Update UN Terrorist Lists & Screen Accounts
RBI directs all RRBs to update the consolidated UN terrorist list (Al-Qaida/Taliban) using eight new annexes, screen all
PPF Scheme: HUF Accounts Must Close by March 2011
HUF PPF accounts opened before May 13, 2005 must be closed after 15 years from the year of initial subscription. Account
SLBC/UTLBC Meetings: New Calendar & Discipline Rules
RBI mandates SLBC/UTLBC meetings to follow a yearly calendar from Jan 1, 2011, with strict deadlines for data submission
Escrow Account Audit Deadline for Prepaid Payment Instruments
RBI mandates that all authorised entities submit a quarterly auditor certificate on escrow account balances within a for
Annual System Audit by CISA Auditor Mandated
RBI mandates all authorised entities to submit annual system audit reports from a CISA-qualified auditor. For April-Marc
Intermediary Account Audit Certificates: RBI Clarification
Banks must now include a covering letter with quarterly concurrent auditor certificates, confirming all intermediary acc
RBI tightens housing finance exposure for co-operative banks
RBI has reduced the housing finance exposure limit for StCBs and CCBs from 10% of loans to 5% of total assets, effective
UN Sanctions List Updates for Payment System Operators
RBI mandates all payment system operators to update their records with the latest UN 1267 Committee sanctions list and s
Base Rate Benchmark Change Deadline Extended to June 2011
RBI extends the deadline for banks to change their Base Rate benchmark and methodology by six months, now up to June 30,
Exim Bank's USD 25 mn Line of Credit to Mozambique
RBI notifies AD Category-I banks about Exim Bank's USD 25 million Line of Credit to Mozambique for rural electrification
Exim Bank's USD 5 mn Line of Credit to Senegal
RBI notifies AD Category-I banks of Exim Bank's USD 5 million Line of Credit to Senegal for hospital equipment. At least
Exim Bank's $30 mn Line of Credit to Cote d'Ivoire for Rice Programme
RBI notifies AD Category-I banks of Exim Bank's USD 30 million Line of Credit to Cote d'Ivoire for financing Indian expo
Exim Bank's USD 15 mn Line of Credit to Cambodia
RBI notified AD Category-I banks about Exim Bank's USD 15 million Line of Credit to Cambodia for the Stung Tassal Water
Exim Bank's $30 mn LOC to Cote d'Ivoire for Power Project
RBI notifies AD Category-I banks about Exim Bank's USD 30 million line of credit to the Government of Cote d'Ivoire for
Exim Bank's USD 61.60 mn Line of Credit to Kenya for Power Lines
RBI notifies AD Category-I banks about Exim Bank's USD 61.60 million Line of Credit to Kenya for financing power transmi
RBI Tightens Core Investment Company Rules: Key Definitions Revised
RBI revised definitions for Core Investment Companies (CICs), including adjusted net worth, CIC eligibility criteria, an
Co-op Banks Must Add DIN in Credit Data Submissions
RBI advises State and Central Co-operative Banks to include Director Identification Number (DIN) in data submitted to cr
FATF AML/CFT Risks: Iran & DPRK – Payment System Alert
RBI directs all payment system entities to factor in AML/CFT risks from Iran (subject to countermeasures) and DPRK (stra
UCBs must use settlement date accounting for govt securities
RBI mandates all Primary Urban Co-operative Banks to adopt Settlement Date accounting for outright and ready forward tra
CFMS Timings Extended from Jan 24, 2011
RBI extended CFMS funds transfer timings from Jan 24, 2011: weekdays now 10:00-17:00 hours (previously 11:00-16:30) and
RRBs: Updated FATF List on AML/CFT Deficiencies
RBI advises all RRBs to consider the updated FATF statement (Oct 22, 2010) identifying jurisdictions with strategic AML/
RBI Mandates 0.25% Standard Asset Provision for NBFCs
RBI now requires all NBFCs to set aside 0.25% of standard assets as a general provision. This buffer aims to counter cyc
RRBs: Updated FATF AML/CFT Risk Jurisdictions
RBI directs RRBs to account for AML/CFT risks from Iran (countermeasures required) and DPRK (risk consideration needed)
RBI Tightens End-Use Monitoring of Loan Funds
RBI found banks lax in tracking loan usage, enabling fund diversion. Banks must now strengthen post-sanction supervision
Interest Subvention on Rupee Export Credit for UCBs Extended
RBI extends 2% interest subvention on pre-shipment (up to 270 days) and post-shipment (up to 180 days) rupee export cred
RRBs Must Treat Bullion Dealers as High Risk for KYC/AML
RBI directs RRBs to classify bullion dealers and jewellers as high-risk accounts, requiring enhanced due diligence and i
FATF Statement on AML/CFT Deficient Jurisdictions
RBI directs banks to consider FATF's October 2010 statement on jurisdictions with strategic AML/CFT deficiencies and com
RBI warns banks on AML/CFT risks from Iran, DPRK
RBI directs banks to factor in AML/CFT deficiencies of Iran and DPRK when dealing with entities from these jurisdictions
UCBs: Tougher KYC norms for salaried employee accounts
RBI has tightened KYC rules for opening salary accounts at Urban Co-operative Banks. Banks can no longer rely solely on
Repo and Reverse Repo Hiked by 25 bps in Jan 2011
RBI raised repo rate to 6.50% and reverse repo rate to 5.50%, effective January 25, 2011, as part of the Third Quarter R
Repo Rate Hiked 25 bps to 6.50%: Standing Liquidity Facilities Costlier
RBI raised the repo rate by 25 bps to 6.50% effective January 25, 2011. Consequently, standing liquidity facilities for
SLR Shortfall Waiver Extended to April 8, 2011
RBI extends additional LAF liquidity support of 1% of NDTL from January 28 to April 8, 2011. Banks can seek waiver of pe
FFMCs and ADs Category-II in Currency Futures and Options
RBI now allows FFMCs and ADs Category-II (excluding RRBs, LABs, UCBs, NBFCs) with minimum net worth of Rs. 5 crore to pa
RBI extends MFI credit support norms to AIFIs
RBI has extended its prudential guidelines on restructuring advances to cover select AIFIs, applying the same credit sup
Exim Bank's USD 213.31 mn Line of Credit to Ethiopia for Sugar Industry
RBI notifies AD Category-I banks about Exim Bank's USD 213.31 million Line of Credit to Ethiopia's government for sugar
RBI Bans Step-Up Options on Bank Capital Instruments
RBI has prohibited banks from issuing Tier 1 or Tier 2 capital instruments with step-up options, effective from January
Update on UN Terrorist List for Al-Qaida/Taliban
RBI directs banks to update the consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban per U
Temporary Restructuring Relief for MFI Loans
RBI allows banks to restructure standard MFI accounts up to March 31, 2011, with special asset classification benefits e
FATF AML/CFT Standards for Payment System Entities
RBI directs all authorised payment system operators to review and act on FATF's October 2010 statement identifying juris
UNSC 1267/1822 Terror List Update for Banks
RBI directs banks to update the UNSC 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida an
Rupee Value of Special Currency Basket Revised to Rs.64.7004
RBI revised the Rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
PDs allowed to invest in short-term NCDs up to one year
RBI now permits standalone Primary Dealers to invest in corporate NCDs (including NBFCs) with original maturity up to on
Pension Reopening & Gratuity Hike: Prudential Treatment
RBI allows PSBs to amortise additional pension and gratuity costs over five years from FY2011, with full P&L recognition
Permanent Diminution in Value of Investments in Subsidiaries/JVs
RBI mandates FIs to recognize permanent diminution in strategic equity investments in subsidiaries/JVs under HTM or AFS.
Gold loan via NBFCs not agriculture priority sector
Loans to NBFCs against gold jewellery, or investments in securitised gold loan portfolios from NBFCs, cannot be classifi
KYC/AML: Bullion Dealers & Jewellers Now High-Risk Accounts
RBI directs all state and central co-operative banks to categorise accounts of bullion dealers and jewellers as high ris
Permanent Diminution in Bank Investments in Subsidiaries/JVs
RBI mandates banks to assess and provide for permanent diminution in strategic equity investments in subsidiaries/joint
UNSC 1267/1822 Terror List Update: Action Required
RBI has circulated an updated UNSC 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida and
Priority Sector Loan Misclassification: RBI Tightens Rules
RBI will now count misclassified priority sector loans identified during annual inspections as shortfall against targets
RBI Updates AML/CFT Guidance for NBFCs on Iran and North Korea
RBI directs all NBFCs and RNBCs to take into account AML/CFT risks from Iran and North Korea when dealing with entities
NBFCs Must Train Staff on Disability Rights
RBI advises NBFCs to include disability rights modules in employee training programs and ensure grievance redressal for
RRBs: Update UN Terrorist List for New & Existing Accounts
RBI directs RRBs to update the UNSC 1267/1822 consolidated list of terrorist individuals/entities linked to Al‑Qaida and
RRBs Must Update UN Terrorist Lists for Account Screening
RBI directs RRBs to update the consolidated UN list of terrorist individuals/entities linked to Al-Qaida and Taliban, sc
March 2011 Govt Account Closure: Special Reporting for Agency Banks
RBI sets April 15, 2011 as the residual transaction closure date for March 2011. Agency banks must use special messenger
RRBs: Update UN Terrorist List for Account Screening
RBI directs RRBs to update the UNSC 1267/1822 consolidated list of terrorist individuals/entities. Before opening new ac
Dhanalakshmi Bank renamed Dhanlaxmi Bank in RBI Schedule
RBI officially changed the bank's name from 'The Dhanalakshmi Bank Limited' to 'Dhanlaxmi Bank Limited' in the Second Sc
Base Rate Exemption for Solar Loans Under JNNSM
RBI exempts loans under JNNSM's solar scheme from base rate guidelines if interest is ≤5% and GoI refinance of 2% is ava
KYC/AML: Bullion dealers & jewellers now high-risk accounts
RBI directs urban co-operative banks to categorise bullion dealers and jewellers as high-risk accounts, requiring enhanc
RBI curbs UCB investments in Zero Coupon Bonds without sinking fund
RBI has barred Primary Urban Co-operative Banks from investing in Zero Coupon Bonds unless the issuer creates a sinking
NBFC CRAR Hiked to 15% for Deposit-Taking Firms by March 2012
RBI raised the minimum Capital to Risk-Weighted Assets Ratio (CRAR) for all deposit-taking NBFCs from 12% to 15%, effect
Exim Bank's USD 416.39 mn Line of Credit to Sri Lanka
RBI notifies AD Category-I banks about Exim Bank's USD 416.39 million Line of Credit to Sri Lanka for railway track layi
Exim Bank's USD 1 Billion Line of Credit for Bangladesh
RBI notifies AD Category-I banks about Exim Bank's USD 1 billion Line of Credit to Bangladesh. At least 85% of contract
FATF Jurisdictions with AML/CFT Deficiencies: NBFC Advisory
RBI directs NBFCs/RNBCs to consider FATF's October 2010 statement on jurisdictions with strategic AML/CFT deficiencies a
FIMMDA Accreditation Required for OTC IRD Brokers
Banks and financial institutions must ensure that any broker used for OTC rupee interest rate derivatives is accredited
Withdrawal of 25 Paise and Below Coins from Circulation
Government withdraws 25 paise and lower denomination coins from June 30, 2011. Banks must exchange these coins at face v
New Annual Return on Foreign Liabilities and Assets Replaces Part B of FC-GPR
RBI replaces Part B of Form FC-GPR with a new Annual Return on Foreign Liabilities and Assets, due July 15 each year. Al
Exim Bank's USD 50 mn Line of Credit to Malawi
RBI notifies AD Category-I banks of Exim Bank's USD 50 million Line of Credit to Malawi for three projects. Banks must a
Lead Bank for New UP District: Chhatrapati Shahuji Maharaj Nagar
RBI assigns Bank of Baroda as lead bank for the newly formed Chhatrapati Shahuji Maharaj Nagar district in Uttar Pradesh
Express Cheque Clearing System for Non-MICR Centres
RBI mandates rollout of Express Cheque Clearing System (ECCS) across all 1,093 non-MICR clearing centres by September 30
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI has circulated an updated UN consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban. Ban
FATF Jurisdictions with AML/CFT Deficiencies: Updated List for Co-op Banks
RBI directs all state and central co-operative banks to consider the updated FATF statement (Oct 22, 2010) listing juris
NBFCs: Bullion Dealers & Jewelers Now High-Risk KYC Accounts
RBI mandates NBFCs to classify bullion dealers and jewelers as high-risk customers, requiring enhanced due diligence and
AML/CFT Risks: Iran & DPRK – Updated FATF Guidance for Co-op Banks
RBI directs StCBs/DCCBs to factor in AML/CFT deficiencies of Iran and DPRK when dealing with persons or entities from th
RBI Introduces 91-Day T-Bill Interest Rate Futures
RBI has allowed exchange-traded Interest Rate Futures on 91-Day Treasury Bills, expanding the derivatives market. The co
FY11 Year-End: Extended Banking Hours for Govt Transactions
RBI directs all agency banks to extend banking hours on March 30-31, 2011, to handle the year-end rush of government rev
ATM Failure Complaint Resolution: Quarterly Data Submission Mandate
RBI mandates all authorized ATM network operators to submit quarterly data on complaint resolution between operators and
Quarterly ATM Failed Transaction Reporting Mandate
RBI mandates banks to submit quarterly Board-approved reviews of ATM failed transactions in three specific Excel formats
RRBs: Update UN Terrorist List for Account Screening
RBI directs all RRBs to update the consolidated UN list of terrorist individuals/entities linked to Al-Qaida and Taliban
FIMMDA Accreditation Mandatory for PDs' OTC Derivative Brokers
Standalone Primary Dealers undertaking OTC interest rate derivative transactions through brokers must ensure those broke
Repo Rate Hiked to 6.75%: Standing Liquidity Facilities Costlier
RBI raised the repo rate by 25 bps to 6.75% effective March 17, 2011. Consequently, standing liquidity facilities for ba
FATF Statement on AML/CFT Deficiencies: UCBs Must Act
RBI advises all AD Category I Primary Urban Co-operative Banks to consider the enclosed FATF statement on jurisdictions
RBI Updates AML/CFT Risks for Iran and DPRK
RBI has directed urban co-operative banks to account for AML/CFT deficiencies in Iran and DPRK when dealing with entitie
RBI Allows UCBs to Trade 91-Day T-Bill Futures
RBI has permitted Primary (Urban) Cooperative Banks to trade Interest Rate Futures on 91-day Treasury Bills, expanding t
RBI adds telecom towers to infrastructure loan definition
RBI now classifies telecom towers as an infrastructure facility for availing credit facility under NBFC prudential norms
Repo and Reverse Repo Hiked 25 bps in Mid-Quarter Review
RBI raised repo rate to 6.75% and reverse repo to 5.75%, effective immediately. This 25 bps hike tightens liquidity and
RBI Discontinues Quarterly Priority Sector Agri Lending Data Submission
RBI has discontinued the quarterly statement on priority sector advances for agricultural lending, effective from March
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI has forwarded updated UN sanctions list (UNSCR 1267/1822) on Al-Qaida/Taliban entities. Banks must screen new and ex
Nomination Rules Clarified: No Witness Attestation Needed for Signatures
RBI clarifies that accountholder signatures on nomination forms DA1, DA2, DA3 need not be attested by witnesses. Also, n
RBI Bans NBFCs from Partnership Firm Investments
RBI prohibits all NBFCs from contributing capital to or becoming partners in partnership firms, citing risks. Existing p
UCBs can collect account payee cheques up to ₹50,000 for co-op credit society members (as per 2011 RBI circular)
RBI allows Urban Co-operative Banks to collect account payee cheques up to ₹50,000 for co-operative credit societies, pr
RRBs Can Open Tier 3-6 Branches Without Prior RBI Nod
RBI allows eligible RRBs to open branches in Tier 3 to Tier 6 centres without prior approval. They must approach the Reg
RRBs: Enhanced AML/CFT Checks for Iran and North Korea
RBI directs RRBs to apply FATF counter-measures against Iran and DPRK due to ongoing ML/FT risks. Banks must factor thes
RBI directs co-op banks to add investor awareness in customer meets
RBI has instructed all State and District Central Co-operative Banks to include investor awareness as a regular agenda i
FATF Statement on AML/CFT Deficient Jurisdictions
RBI directs banks to consider FATF's February 2011 statement on jurisdictions with strategic AML/CFT deficiencies, urgin
RBI Tightens AML/CFT Norms for Iran and DPRK Transactions
RBI directs banks to factor in AML/CFT risks from Iran and DPRK when dealing with persons or entities from these jurisdi
Special Clearing on March 30-31, 2011 for Govt Accounts
RBI directs banks to conduct special clearings on March 30 and 31, 2011, with same-day return clearing, to ensure govern
RBI expands valid KYC documents for semi-closed prepaid cards up to ₹5,000
RBI now allows NREGA job cards and Aadhaar letters as officially valid identity documents for issuing semi-closed prepai
PSOs must update UN terror list and screen customers
RBI directs all payment system operators to update the consolidated UN terror list and screen new and existing customers
SLR Shortfall Waiver Extended Under LAF
RBI extends additional LAF liquidity support up to 1% of NDTL for SCBs until May 6, 2011, with waiver of penal interest
UN Terror List Updates for RRBs: Al-Qaida/Taliban
RBI directs RRBs to update their UNSCR 1267/1822 terrorist lists with new changes from the UN 1267 Committee. Banks must
RBI Directs Payment Operators on FATF AML/CFT Deficiencies
RBI has directed all authorised payment system operators to consider the FATF statement on jurisdictions with strategic
RBI Tightens AML/CFT Norms for Iran, DPRK Transactions
RBI directs all payment system operators to factor in heightened money laundering and terror financing risks from Iran a
Update on UN Terrorist List for Co-op Banks
RBI directs co-operative banks to update the UNSC 1267/1822 consolidated list of terrorist individuals/entities linked t
NBFCs warned on money mule accounts
RBI warns NBFCs that criminals use 'money mules' to launder fraud proceeds via deposit accounts. NBFCs must strictly fol
UNSC 1267/1822 Terror List Updates for Urban Co-op Banks
RBI has forwarded four UNSC 1267 Committee updates (Jan–Mar 2011) to all Primary Urban Co-operative Banks. Banks must up
RBI bars foreign airlines from using overseas banks for INR ticket sales
RBI has clarified that foreign airlines cannot use overseas acquiring banks to settle INR credit/debit card transactions
FATF Statement on AML/CFT Deficiencies: RRBs Must Act
RBI directs all Regional Rural Banks to review and act on the latest FATF statement identifying jurisdictions with strat
25 Paise Coins: Withdrawal Deadline Moved to June 29, 2011
RBI has revised the exchange deadline for 25 paise and lower denomination coins to June 29, 2011. These coins will cease
Export realisation period extended to Sept 2011
RBI extends the export realisation period from 6 to 12 months for goods/software exports until September 30, 2011. This
RBI (2011) urged banks to speed up Financial Literacy Centres
In a 2011 circular, RBI flagged slow progress in setting up Financial Literacy and Credit Counselling Centres (FLCCs) an
Housing Loan Interest Subvention Scheme Expanded
RBI expands the 1% interest subvention scheme on housing loans to cover loans up to ₹15 lakh for houses costing up to ₹2
25 Paise Coins Withdrawn from Circulation from June 30, 2011
Government withdraws 25 paise and lower denomination coins from circulation effective June 30, 2011. Banks must exchange
PSOs Must Screen Customers Against UN Terror List
RBI mandates all payment system operators to update and screen customers against the UN 1267 Committee's consolidated li
Overdue Export Credit: Repay from Rupee Funds Now Allowed
RBI now allows exporters with overdue post-shipment rupee export credit to repay it using their own rupee resources, not
System Audit Qualification Mandate for Payment Operators
RBI now requires system audits for payment operators to be done only by CISA-certified (ISACA) or DISA-qualified (ICAI)
RRBs Must Fix Interest Compounding on Farm Loans
RBI found RRBs wrongly compounding interest on agri loans quarterly/half-yearly instead of per crop cycle. Sponsor banks
RRBs get 3-year MTM relief on SLR securities
RBI extended exemption from mark-to-market norms for RRBs' SLR securities by three years (FY 2010-11 to 2012-13). RRBs c
RBI warns banks on illegal forex trading via online portals
RBI cautions AD Category-I banks against overseas forex trading through electronic/internet portals. Such trades violate
RBI Updates AML/CFT Guidance for MTSS Agents
RBI directs all Indian Agents under MTSS to consider FATF's October 2010 statement on AML/CFT. Agents must update compli
RBI Updates AML/CFT Standards for Money Changers
RBI directs all authorised persons to consider FATF's October 2010 statement on AML/CFT standards for money changing act
RBI flags AML/CFT risks from Iran and North Korea for MTSS agents
RBI has directed all Authorised Persons under MTSS to factor in AML/CFT deficiencies of Iran and North Korea when dealin
RBI flags AML/CFT risks from Iran and North Korea
RBI has directed all authorised persons to factor in AML/CFT deficiencies when dealing with Iran and North Korea, follow
RBI Issues Final Guidelines on IT Security and Cyber Fraud for Banks
RBI has issued final guidelines from the Gopalakrishna Working Group on IT security, cyber fraud, and technology risk ma
Advance Remittance for Import of Goods – Liberalisation
RBI has raised the threshold for mandatory bank guarantee on advance import remittances from USD 100,000 to USD 200,000,
RBI hikes FII limit in infra debt to USD 25 billion
RBI raised FII investment limit in listed infrastructure non-convertible debentures/bonds with residual maturity of 5+ y
IPCs for FIIs under PIS: Custodian banks allowed
RBI now allows custodian banks to issue Irrevocable Payment Commitments (IPCs) to stock exchanges on behalf of FII clien
RBI advises co-op banks on Iran, North Korea AML risks
RBI advises all StCBs/DCCBs to factor in AML/CFT deficiencies of Iran and DPRK when dealing with persons or entities fro
FATF Statement on AML/CFT Deficiencies: Action for Co-op Banks
RBI directs all StCBs/DCCBs to consider the FATF's February 25, 2011 Statement listing jurisdictions with strategic AML/
RBI Guidelines for Advanced Measurement Approach on Operational Risk Capital
RBI issued detailed guidelines for banks to adopt the Advanced Measurement Approach (AMA) for operational risk capital f
UNSCR 1267 Terrorist List Update for Co-op Banks
RBI directs StCBs/DCCBs to update the UNSCR 1267 consolidated list of terrorist individuals/entities linked to Al-Qaida/
RBI Revises Provisioning Coverage Ratio Norms for Banks
RBI has relaxed the 70% Provisioning Coverage Ratio (PCR) requirement, making it a one-time target as of September 30, 2
UNSC 1267 Terror List Update for StCBs/DCCBs
RBI directs co-operative banks to update the UNSC 1267 consolidated list of terrorist individuals/entities linked to Al-
25 Paise Coins Withdrawn from Circulation from July 1, 2011
Government of India has withdrawn 25 paise and lower denomination coins from circulation effective June 30, 2011. Banks
RBI Hikes Savings Deposit Rate for Urban Co-op Banks by 50 bps
RBI raised the interest rate on domestic and NRE savings deposits for Primary Urban Co-operative Banks from 3.5% to 4.0%
Savings Deposit Rate Hiked to 4%
RBI raised the interest rate on domestic and NRE savings deposits by 50 bps to 4% per annum, effective May 3, 2011. All
Repo Rate Hiked 50 bps to 7.25%: Standing Liquidity Facilities Impact
RBI raised the repo rate by 50 bps to 7.25% effective May 3, 2011. Standing liquidity facilities for banks (export credi
Updated UN Terror List for Urban Co-op Banks
RBI directs all Primary Urban Co-operative Banks to update their records with the latest UN 1267 Committee consolidated
UCBs: Enhanced AML/CFT Checks for Iran and DPRK
RBI directs all AD Category I Primary Urban Co-operative Banks to factor in AML/CFT risks from Iran and DPRK when dealin
FATF AML/CFT Update for Urban Co-op Banks (May 2011)
RBI directs all AD Category I Primary (Urban) Co-operative Banks to consider the FATF Statement of February 25, 2011, li
Repo Rate Hiked 50 bps to 7.25% in May 2011
RBI raised the repo rate by 50 bps to 7.25% and set the reverse repo rate at 6.25% (100 bps below repo), effective immed
UNSC 1267/1822 Terrorist List Update for Banks
RBI mandates banks to update the UNSC 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida/T
RBI Delegates Pledge of Shares Powers to AD Banks
RBI now allows AD Category-I banks to approve pledge of shares by non-resident investors for business loans, reducing pr
NBFCs Must Screen Customers Against Updated UN Terror List
RBI directs all NBFCs and RNBCs to update their records with the latest UNSCR 1267/1822 consolidated list of terrorist i
FATF-flagged jurisdictions: NBFCs must update KYC/AML checks
RBI directs all NBFCs and RNBCs to factor in FATF’s February 2011 statement on jurisdictions with strategic AML/CFT defi
UCBs Must Update UN Terrorist Lists Under UNSCR 1267/1822
RBI directs all Primary Urban Co-operative Banks to update the consolidated UN list of individuals/entities linked to Al
Priority Sector Housing Loan Limit for UCBs Raised to Rs 25 Lakh
RBI has increased the housing loan limit under priority sector for Urban Co-operative Banks from Rs 20 lakh to Rs 25 lak
RBI mandates CEO oversight for foreign bank compliance
RBI now requires the CEO of every foreign bank branch in India to be responsible for effective oversight of regulatory a
RRBs: Update UN Terrorist List for New & Existing Accounts
RBI directs RRBs to update the UNSC 1267/1822 consolidated list of terrorist individuals/entities. Before opening any ne
Housing loan limit under priority sector raised to Rs 25 lakh
RBI raised the housing loan limit eligible under priority sector from Rs 20 lakh to Rs 25 lakh per family, effective for
MSF Scheme Launch: New Overnight Window for Banks
RBI introduced the Marginal Standing Facility (MSF) effective May 9, 2011, allowing scheduled commercial banks to borrow
RBI Updates SLR Maintenance Rules for Banks (May 2011)
RBI issued a new notification superseding earlier SLR rules, effective May 9, 2011. Scheduled commercial banks must main
RBI caps diamond import trade credit at 90 days
RBI has restricted Suppliers’ and Buyers’ credit, including LC usance, for rough, cut and polished diamond imports to a
NBFCs: Enhanced AML/CFT Checks for Iran, DPRK
RBI directs all NBFCs and RNBCs to factor in AML/CFT risks from Iran and North Korea when dealing with entities from tho
RBI raises M-wallet limit to ₹50,000, aligns with semi-closed prepaid rules
RBI has increased the maximum value of mobile-based semi-closed prepaid instruments (M-wallets) from ₹5,000 to ₹50,000,
RBI Hikes Savings Deposit Rate for Co-op Banks by 50 bps
RBI raised savings deposit interest rate for State and Central Co-operative Banks from 3.5% to 4.0% per annum, effective
RRB Savings Deposit Rate Hiked to 4%
RBI raised savings deposit rates for RRBs by 0.5% to 4.0% per annum, effective May 3, 2011. This applies to domestic, or
FATF Statement on AML/CFT Deficiencies: Action for Authorised Persons
RBI directs authorised persons to consider FATF's February 2011 statement on jurisdictions with strategic AML/CFT defici
RBI Tightens AML/CFT Checks on Iran, North Korea Remittances
RBI directs Indian agents under MTSS to apply FATF counter-measures against Iran and DPRK due to ongoing ML/FT risks. Ag
RBI Tightens AML/CFT Norms for Iran and DPRK Transactions
RBI directs all authorised persons to apply FATF counter-measures against Iran and DPRK due to ongoing ML/FT risks. Bank
NBFCs Must Screen Against UN Terror List
RBI directs all NBFCs and RNBCs to update and screen customers against the UNSC 1267 Committee's consolidated list of Al
RBI Tightens KYC/AML Record-Keeping for MTSS Agents
RBI amends MTSS KYC/AML rules: Indian Agents must now record cash transaction series aggregating over ₹10 lakh (within a
Housing Loan Limit for RRBs Raised to Rs 25 Lakh
RBI increased the housing loan limit under priority sector for RRBs from Rs 20 lakh to Rs 25 lakh per family, effective
RRBs Must Register Security Interests with CERSAI
RBI mandates all RRBs to register mortgage and securitization transactions with the Central Registry (CERSAI) within 30
NBFCs Must Screen Accounts Against Updated UN Terror List
RBI directs all NBFCs and RNBCs to update their records with the latest UN 1267 Committee list of Al-Qaida/Taliban-linke
Gratuity Limit Hike: Amortisation for RRBs
RBI allows RRBs to amortise the extra gratuity cost from the Payment of Gratuity Act amendment over five years, starting
RBI Eases OTC FX Derivative Eligibility for Cost Reduction Structures
RBI has relaxed eligibility for users of cost reduction structures in OTC FX derivatives and commodity hedging. Listed c
RBI mandates disaster-resilient construction norms for bank loans
RBI directs all scheduled commercial banks (excluding RRBs) to adopt NDMA guidelines on disaster-resilient construction.
UCBs: Housing Loan Limit Raised to Rs 15 Lakh
RBI now allows Urban Co-operative Banks to use the additional 5% of total assets for housing loans up to Rs 15 lakh, up
Repo Accounting: FIMMDA Agreement Not Mandatory for CCP-Settled G-Secs
RBI clarifies that the FIMMDA Master Repo Agreement is not mandatory for repo transactions in Government Securities sett
EBT Village Allocation and FIP Roadmap Resolution
RBI directs SLBCs to resolve conflicts where banks are allocated same villages under EBT and FIP, clarifying that multip
NBFC Insurance JV: Group Stake Cap Clarified
RBI clarified that if multiple group companies of an NBFC invest in an insurance JV, their combined stake counts toward
RBI eases ODI norms: performance guarantees & write-offs
RBI has liberalised overseas direct investment rules: only 50% of performance guarantees count toward the 400% net worth
CERSAI Registry for Co-operative Banks: SARFAESI Act Compliance
RBI directs all State and Central Co-operative Banks to register security interests with CERSAI within 30 days of creati
Central Electronic Registry (CERSAI) Setup Under SARFAESI Act
RBI notified SC/RCs about CERSAI, a central registry to prevent frauds involving multiple loans on same property. Initia
Gratuity Limit Hike: 5-Year Deferral for UCBs
RBI allows Urban Co-operative Banks to spread the extra gratuity cost from the Payment of Gratuity Act amendment over fi
RBI Finalises CDS Guidelines for Corporate Bonds
RBI issued final guidelines on plain vanilla OTC single-name Credit Default Swaps for corporate bonds, effective October
Revised Fit and Proper Declaration for Bank Directors
RBI has partially modified the 'Declaration and Undertaking' format for directors' fit and proper due diligence, adding
RBI allows FIIs to hedge IPO flows via ASBA with FX swaps
RBI now permits FIIs to use foreign currency-rupee swaps to hedge IPO-related transient capital flows under the ASBA mec
FII Forward Cover Rebooking Limit Raised to 10%
RBI has increased the limit for FIIs to cancel and rebook forward contracts from 2% to 10% of the market value of their
FATF AML/CFT Deficiencies: Updated Guidance for MTSS Agents
RBI directs all Indian Agents under MTSS to consider the latest FATF statement on jurisdictions with strategic AML/CFT d
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI has circulated an updated UN consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban. Ban
System Audit Rules Clarified for Payment System Operators
RBI clarifies that system audit requirements from a CISA-qualified auditor apply only to entities operating a payment sy
SCSS 2004: Banks Must Serve Retired Army Personnel
RBI has directed agency banks to strictly implement the Senior Citizens Savings Scheme 2004 for retired army personnel,
NRO Account for Foreign Nationals Leaving India
RBI now allows foreign nationals leaving India after employment to re-designate their resident account as an NRO account
RBI allows processing charges on NEFT, NECS, RECS, ECS from July 2011
RBI has ended the waiver on processing charges for retail electronic payment systems (NEFT, NECS, RECS, ECS) effective J
Update on UN Terror List for Co-operative Banks
RBI directs all state and central co-operative banks to update their records with the latest UN 1267 Committee list of t
Update on UN Terrorist List: Al-Qaida/Taliban Sanctions
RBI directs banks to update their consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban bas
UCBs Allowed to Lend to SHGs and JLGs
RBI now permits Primary Urban Co-operative Banks to lend directly to Self Help Groups and Joint Liability Groups, expand
Forensic Scrutiny Findings: Fraud Prevention Guidelines for Banks
RBI issued guidelines based on forensic scrutiny findings to strengthen fraud prevention frameworks. Banks must revamp p
Internal Vigilance Guidelines for Private and Foreign Banks
RBI mandates private and foreign banks to set up a structured internal vigilance machinery within three months, aligning
Sberbank added to RBI Second Schedule
RBI has included Sberbank in the Second Schedule of the RBI Act, 1934, effective March 8, 2011. This grants it scheduled
Credit Suisse A.G. added to RBI Second Schedule
RBI has included Credit Suisse A.G. in the Second Schedule of the RBI Act, 1934, effective March 8, 2011. This grants it
UN Sanctions List Update for Payment System Operators
RBI directs all PSOs to update their UN sanctions list with four new annexes from the 1267 Committee, screen new and exi
RRBs Must Update Terrorist Lists Under UNSCR 1267/1822
RBI directs all RRBs to update the consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban pe
UN Terror List Update for StCBs/DCCBs: Al-Qaida/Taliban
RBI directs all State and Central Co-operative Banks to update their records with the latest UN 1267 Committee list of i
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI has circulated an updated UN consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban. Ban
RRBs Must Update Terrorist Lists Under UNSCR 1267
RBI directs all RRBs to update the consolidated list of individuals/entities linked to Al-Qaida and Taliban as per UNSCR
UN Terror List Update: Al-Qaida/Taliban Sanctions Compliance
RBI has circulated an updated UN consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban. Ban
Repo Rate Hiked to 7.50%: Standing Liquidity Facilities Costlier
RBI raised the repo rate by 25 bps to 7.50% effective June 16, 2011. Standing liquidity facilities for banks (export cre
Repo Rate Hiked 25 bps to 7.50%: MSF & Reverse Repo Adjusted
RBI raised the repo rate by 25 bps to 7.50% effective June 16, 2011. Reverse repo automatically moved to 6.50% and MSF t
Exim Bank's USD 91 mn Line of Credit to Ethiopia for Sugar Industry
RBI notifies AD Category-I banks about Exim Bank's USD 91 million Line of Credit to Ethiopia for financing Indian export
RRBs Must Update UN Terrorist Lists – June 2011
RBI directs all RRBs to update their consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban
NBFC Overseas Expansion: New RBI Approval Rules (2011)
RBI mandates all NBFCs to obtain prior written approval before opening branches, subsidiaries, joint ventures, or making
Exim Bank's USD 36.56 mn Line of Credit to Tanzania
RBI notifies AD Category-I banks about Exim Bank's USD 36.56 million Line of Credit to Tanzania for financing 723 vehicl
Master Circular on Miscellaneous Remittances from India – Facilities for Residents (Updated as on June 13, 2012)
RBI consolidated all instructions on miscellaneous remittances for residents into one master circular, issued July 1, 20
RBI Tightens Concurrent Audit Rules to Curb Loan Frauds
RBI mandates banks to independently verify third-party certifications (CA, lawyer, valuer) and title deed genuineness fo
PSOs Must Screen Customers Against UN Terror List
RBI mandates all payment system operators to screen new and existing customers against the UN 1267 Al-Qaida/Taliban sanc
FCCB Buyback Rules Extended and Liberalised
RBI has extended the deadline for premature FCCB buybacks to March 31, 2012, and liberalised the process. Automatic rout
FDI via Government Route: Equity for Capital Goods & Pre-Op Expenses
RBI now allows Indian companies to issue equity shares under the Government route for import of capital goods and pre-op
Overseas Direct Investment: Liberalisation and Rationalisation
RBI consolidated guidelines for selling shares in overseas JVs/WOSs. Indian parties can now disinvest without prior RBI
RRBs Must Update UN Terrorist Lists for KYC Compliance
RBI directs all RRBs to update the consolidated UN list of terrorist individuals/entities linked to Al-Qaida and Taliban
SGSY Credit Targets for 2011-12: Allocation & Monitoring
RBI has set state-wise credit mobilisation targets of ₹6,02,000 lakh under SGSY for 2011-12. Banks must allocate these t
PSOs Must Screen Customers Against UN Terror List
RBI directs all payment system operators to update and screen customers against the UN 1267 Committee's consolidated lis
UNSC 1267/1822 Terror List Update: Immediate Compliance Required
RBI has circulated an updated UNSC 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida and
RRBs Must Update UN Terrorist Lists: New Al-Qaida/Taliban Entries
RBI directs all RRBs to update their consolidated list of terrorist individuals/entities linked to Al-Qaida and Taliban
PPF HUF Accounts: Interest on Matured Accounts Clarified
RBI clarifies that PPF HUF accounts closed between May 13, 2005 and Dec 7, 2010 after maturity will receive PPF interest
RBI Master Circular on Disclosure Norms for FIs (2011)
RBI consolidated disclosure norms for all-India term-lending and refinancing institutions (Exim Bank, NABARD, NHB, SIDBI
Master Circular on Foreign Investment in India (2011-12)
RBI consolidated all rules on foreign investment into one master circular for AD Category-I banks. It covers FDI, portfo
Master Circular on Money Transfer Service Scheme (MTSS)
RBI's Master Circular consolidates MTSS rules for inward personal remittances via Indian Agents. Only family maintenance
Master Circular on Money Changing Activities (2011)
RBI consolidated all instructions on money changing into a single Master Circular (No.13/2011-12) effective July 1, 2011
Master Circular on Risk Management & Inter-Bank Dealings (2011)
RBI consolidated rules on forex derivatives, hedging, and inter-bank dealings into one master circular with a one-year s
Master Circular on Export of Goods and Services (2011-12)
RBI consolidated all export-related FEMA instructions into one Master Circular for Category-I AD banks. It covers declar
Master Circular on Compounding of FEMA Contraventions
RBI consolidated rules for voluntarily compounding FEMA contraventions. Penalties can be up to thrice the amount involve
Master Circular on NRO Accounts (2011-12)
RBI consolidated all NRO account rules into one Master Circular (No.6/2011-12) effective July 1, 2011, with a one-year s
Master Circular on Vostro Accounts for Non-Resident Exchange Houses
RBI consolidated instructions for AD Category-I banks on opening and maintaining rupee/foreign currency vostro accounts
Master Circular on NRI/PIO Property Acquisition
RBI consolidated rules for NRIs/PIOs buying immovable property in India (excluding farm/plantation land). Payments must
Master Circular on Foreign Entity Offices in India
RBI consolidated rules for foreign entities setting up Liaison, Branch, or Project Offices in India. Key requirements: p
Master Circular on Remittance Facilities for NRIs/PIOs/Foreign Nationals
RBI consolidated all instructions on remittance facilities for NRIs, PIOs, and foreign nationals into one Master Circula
Master Circular: Exposure Norms & Restrictions for UCBs (2011)
RBI consolidated exposure norms for Urban Co-operative Banks: individual borrower cap at 15% of capital funds, group cap
RBI Master Circular: Income Recognition & Asset Classification Norms (2011)
RBI updated its Master Circular on prudential norms for income recognition, asset classification, and provisioning for a
Master Circular: Investment Portfolio Prudential Norms (2011)
RBI consolidated and updated prudential norms for classification, valuation, and operation of banks' investment portfoli
Basel I Capital Adequacy Prudential Norms Master Circular 2011
RBI consolidated Basel I capital adequacy norms for commercial banks (excluding RRBs) as of July 1, 2011. Banks must mai
Master Circular: Capital Adequacy & Market Discipline (NCAF) 2011
RBI issued an updated Master Circular on Prudential Guidelines for Capital Adequacy and Market Discipline under the New
RBI Master Circular on Export Credit & Customer Service (2011)
RBI consolidated all export credit instructions into a single Master Circular effective July 1, 2011, covering rupee and
Master Circular: Loans & Advances – Statutory & Other Restrictions (2011)
RBI consolidated all statutory and regulatory restrictions on loans and advances for scheduled commercial banks (excludi
Master Circular on Customer Service in Banks (2011)
RBI consolidated all customer service instructions up to June 30, 2011 into a single Master Circular. Banks must ensure
Master Circular on Interest Rates for Domestic, NRO & NRE Deposits
RBI consolidated all instructions on interest rates for domestic, NRO, and NRE rupee deposits as of July 1, 2011. This m
Master Circular on Interest Rates on Advances (2011)
RBI consolidated all guidelines on interest rates for advances into a single Master Circular as of July 1, 2011, coverin
FCNR(B) Deposit Master Circular 2011: Key Updates
RBI issued the updated Master Circular for FCNR(B) deposits, consolidating all instructions up to June 30, 2011. This re
Master Circular on CRR and SLR for SCBs (2011)
RBI consolidated all CRR and SLR instructions for Scheduled Commercial Banks (excluding RRBs) into a single master circu
Master Circular: Note and Coin Exchange at Bank Branches
RBI mandates all bank branches to actively exchange notes and coins, accept soiled/mutilated notes, and refuse no small
Master Circular on Direct Investment Abroad (JV/WOS)
RBI consolidated rules for residents investing in overseas JVs/WOS under FEMA. Covers automatic route, funding methods,
Master Circular on SHG-Bank Linkage Programme
RBI consolidated all SHG-Bank Linkage guidelines into a single Master Circular as of July 1, 2011, urging banks to treat
RBI Master Circular: Investment Portfolio Norms for FIs (2011)
RBI issued a consolidated master circular on prudential norms for classification, valuation, and operation of investment
Customer Service Master Circular for Urban Co-op Banks (2011)
RBI consolidated all customer service guidelines for Primary Urban Co-operative Banks into a single Master Circular as o
Master Circular on Investments by Urban Co-op Banks (2011)
RBI consolidated all investment guidelines for Primary (Urban) Co-operative Banks as of June 30, 2011. Key rules include
Master Circular on Board of Directors for Urban Co-op Banks
RBI consolidated all guidelines on board constitution, roles, audit committees, and director eligibility for Primary Urb
Master Circular: Interest Rates on Rupee Deposits for Urban Co-op Banks
RBI consolidated all instructions on interest rates for rupee deposits at Primary Urban Co-operative Banks, effective Ju
Master Circular: Prudential Norms on Capital Adequacy for UCBs
RBI consolidated all capital adequacy guidelines for Urban Co-operative Banks (UCBs) as of June 30, 2011. Key updates in
Master Circular on CRR & SLR for Urban Co-op Banks (2011)
RBI consolidated all CRR and SLR rules for Primary (Urban) Co-operative Banks as of June 30, 2011. Scheduled UCBs follow
Master Circular: Guarantees, Co-Acceptances & Letters of Credit for UCBs
RBI consolidated all instructions on guarantees, co-acceptances, and letters of credit for Primary (Urban) Co-operative
Master Circular: Housing Finance for Urban Co-op Banks (2011)
RBI consolidated housing finance guidelines for UCBs as of July 1, 2011. Banks can lend to individuals, societies, and h
Master Circular on KYC/AML/CFT Norms for Urban Co-operative Banks
RBI consolidated all KYC/AML/CFT guidelines for Primary (Urban) Co-operative Banks as of June 30, 2011. The circular man
IRAC Norms Master Circular for UCBs (2011)
RBI consolidated all income recognition, asset classification, and provisioning guidelines for Urban Co-operative Banks
RBI Master Circular on Credit Card Operations: Key Updates
RBI consolidated all credit card guidelines for banks and NBFCs into a single Master Circular, effective July 1, 2011. I
RBI Master Circular on Financial Statement Disclosures (2011)
RBI updated its Master Circular on disclosures in 'Notes to Accounts' for scheduled commercial banks (excluding RRBs), c
RBI Master Circular on Exposure Norms for FIs (2011)
RBI consolidated exposure norms for all-India term-lending and refinancing institutions (Exim Bank, NABARD, NHB, SIDBI)
RBI Master Circular on Branch Licensing for RRBs
RBI consolidated all branch licensing rules for Regional Rural Banks into a single master circular, covering legal requi
Master Circular on Wilful Defaulters: Key Updates
RBI consolidated all existing instructions on wilful defaulters into a single master circular effective July 1, 2011. It
Master Circular: Resource Raising Norms for FIs (2011)
RBI consolidated resource raising norms for Exim Bank, NABARD, NHB, and SIDBI into a single master circular effective Ju
Master Circular: Natural Calamity Relief Guidelines for Banks
RBI's 2011 master circular consolidates guidelines for banks to provide swift credit relief in natural calamity areas. B
Master Circular on Guarantees and Co-acceptances (2011)
RBI consolidated all existing guidelines on bank guarantees and co-acceptances into a single Master Circular effective J
Master Circular on Inspection & Audit for Urban Co-op Banks
RBI consolidated inspection and audit guidelines for Primary (Urban) Co-operative Banks, emphasizing stronger internal a
Penal Interest on Currency Chest Reporting Errors
RBI mandates penal interest for delayed, wrong, or non-reporting of currency chest transactions via ICCOMS. Transactions
Master Circular on Priority Sector Lending - Special Programmes – SGSY
RBI issued a master circular consolidating all existing guidelines on Swarnajayanti Gram Swarozgar Yojana (SGSY) for pri
Priority Sector Lending: Credit to SC/ST Communities
RBI consolidated all prior instructions on priority sector credit to Scheduled Castes and Scheduled Tribes into a single
Master Circular on Nomination for Relief/Savings Bonds
RBI consolidated all instructions on nomination for Relief/Savings Bonds into a single master circular, effective July 1
MSME Lending Master Circular 2011: Key Updates
RBI consolidated MSME lending guidelines as of June 30, 2011, adopting the MSMED Act 2006 definitions. Key changes: serv
Master Circular on Deposit Accounts for Urban Co-op Banks
RBI consolidated all deposit account guidelines for Primary Urban Co-operative Banks (UCBs) as of July 1, 2011. This cov
Priority Sector Lending Master Circular for UCBs (2011)
RBI consolidated priority sector lending norms for Urban Co-operative Banks as of July 1, 2011. Key categories include a
Master Circular on Bank Finance to NBFCs (2011)
RBI updated its master circular on bank finance to NBFCs, consolidating instructions up to June 30, 2011. Key change: re
Fraud Classification and Reporting: Updated Master Circular
RBI issued a consolidated Master Circular on fraud classification and reporting for scheduled commercial banks (excludin
Master Circular on Counterfeit Note Detection and Impounding
RBI consolidated instructions on detecting and impounding counterfeit notes. All bank branches and treasuries must stamp
RBI Master Circular on Exposure Norms (2011)
RBI consolidated all exposure norms into a single Master Circular effective July 1, 2011, covering credit limits for ind
Agency Commission Master Circular 2011: Key Updates for Banks
RBI revised agency commission rates effective July 1, 2005, moving from turnover-based to transaction-based payments: Rs
Master Circular on NBFC Returns (2011)
RBI consolidated all return-filing instructions for NBFCs (excluding RNBCs) into a single master circular as of July 1,
Master Circular on Branch Authorisation 2011
RBI consolidated branch authorisation rules for commercial banks (excluding RRBs) under Section 23 of the Banking Regula
Master Circular on Export Credit Refinance Facility
RBI consolidated export credit refinance (ECR) rules as of July 1, 2011. Banks get refinance at repo rate up to 15% of e
Mortgage Guarantee Companies Investment Directions 2008 Updated
RBI updated the Mortgage Guarantee Companies Investment Directions 2008 as of June 30, 2011. These directions prescribe
NBFC Auditor's Report Directions 2008 (Updated as on June 30, 2011)
RBI consolidated the 2008 NBFC Auditor's Report Directions as updated on June 30, 2011. Auditors must submit an addition
Master Circular for Securitisation and Reconstruction Companies (2011)
RBI consolidated all existing instructions for Securitisation Companies/Reconstruction Companies (SCs/RCs) into a single
RBI Tightens Overseas Investment Rules for NBFCs
RBI mandates NBFCs to obtain prior No Objection from its Department of Non-Banking Supervision before any overseas inves
Fraud Classification and Reporting for Urban Co-op Banks
RBI updated its Master Circular on fraud classification and reporting for Primary Urban Co-operative Banks as of June 30
Master Circular on Para-Banking Activities (2011)
RBI consolidated all para-banking guidelines for scheduled commercial banks (excluding RRBs) as of June 30, 2011. This c
Master Circular on Call/Notice Money Market Operations
RBI consolidated all call/notice money market guidelines into one master circular, effective July 1, 2011. It sets prude
Master Circular on Commercial Paper Guidelines
RBI consolidated all CP guidelines into a master circular. Eligible issuers include corporates with net worth ≥₹4 crore,
Miscellaneous NBFC Directions 1977 Updated as on June 30, 2011
RBI has issued an updated consolidated version of the Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 197
Master Circular: Direct Tax Collection via OLTAS (2011)
RBI updated its master circular on direct tax collection through OLTAS, consolidating instructions up to June 2011. Agen
Master Circular: Pension Disbursement by Agency Banks (2011)
RBI consolidated all instructions on government pension disbursement by agency banks into a single master circular as of
NBFC Entry into Insurance, Credit Cards & Allied Activities: Master Circular 2011
RBI consolidated all instructions on NBFCs entering insurance, issuing credit cards, and marketing products as of June 3
NBFC Prudential Norms 2007 Updated as on June 30, 2011
RBI consolidated all prudential norms for deposit-taking NBFCs and RNBCs into one updated notification as of June 30, 20
NBFC Public Deposit Directions 1998 as amended upto June 30, 2011
RBI issued a consolidated version of the NBFC Public Deposit Directions 1998, updated to June 30, 2011. This circular re
Master Circular: Exemptions from RBI Act, 1934 for NBFCs
RBI consolidated exemptions from Chapter IIIB of the RBI Act, 1934 for housing finance institutions, merchant bankers, m
Master Circular: Priority Sector Credit to Minority Communities
RBI consolidated all prior instructions on credit to minority communities into a single Master Circular. Banks must ensu
Master Circular on Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS)
RBI issued a master circular consolidating all SRMS guidelines for public sector banks to rehabilitate remaining manual
Capital Adequacy & Risk Management for Standalone Primary Dealers
RBI consolidated all capital adequacy and risk management guidelines for standalone Primary Dealers (PDs) into a single
Master Circular: Operational Guidelines for Primary Dealers (2011)
RBI consolidated all operational guidelines for Primary Dealers (PDs) into a single master circular effective July 1, 20
Master Circular on Advances Management for UCBs (2011)
RBI consolidated all advance management guidelines for Urban Co-operative Banks as of June 30, 2011. Key updates include
Master Circular on Urban Co-op Bank Branch & ATM Policy
RBI consolidated all instructions on area of operation, branch authorisation, extension counters, ATMs, and office shift
RBI Consolidates NBFC-ND-SI Instructions: July 2011
RBI consolidated all instructions for systemically important non-deposit taking NBFCs (NBFC-ND-SI) into a single master
Securitisation & Reconstruction Companies Guidelines 2003 (Updated June 2011)
RBI consolidated its 2003 guidelines for Securitisation Companies (SCs) and Reconstruction Companies (RCs) as of June 30
RBI Issues Updated Compilation of Mortgage Guarantee Company Guidelines (2008) as on June 30, 2011
RBI issued a consolidated circular dated July 1, 2011, reproducing the Mortgage Guarantee Company (Reserve Bank) Guideli
Mortgage Guarantee Companies Prudential Norms Directions 2008 Updated
RBI consolidated the 2008 prudential norms for Mortgage Guarantee Companies as of June 30, 2011. Key definitions include
RBI Master Circular on Core Investment Companies (CICs) – July 2011
RBI consolidated its regulatory framework for Core Investment Companies (CICs) in July 2011. Systemically important CICs
RBI Master Circular: NBFC Compliance & ALM Guidelines (2011) - Limited to Specific NBFC Types
RBI consolidated all NBFC instructions into a master circular as of June 30, 2011. Key updates: mandatory ALM system for
SC/RC Management Takeover Guidelines 2010
RBI issued guidelines under SARFAESI Act for SC/RCs to change or take over borrower management. Key conditions: dues mus
Master Circular on Fraud Monitoring for NBFCs
RBI issued a consolidated master circular on fraud monitoring for deposit-taking NBFCs, issued on July 1, 2011. It manda
RBI Master Circular on NBFC Corporate Governance (2011)
RBI consolidated corporate governance rules for NBFCs as of June 30, 2011. Key updates: desirable audit partner rotation
RBI Master Circular on Fair Practices Code for NBFCs (2011)
RBI consolidated all fair practices instructions for NBFCs/RNBCs into a single Master Circular as of June 30, 2011. It m
RBI allows hedging for rupee trade by non-residents
RBI now permits non-resident importers and exporters to hedge currency risk on rupee-invoiced trade with India via AD Ca
UN 1267 Sanctions List Update: Al-Qaida/Taliban
RBI mandates banks to update the UN 1267 consolidated list of terrorist individuals/entities linked to Al-Qaida and Tali
RBI mandates 25% rural branch openings in unbanked areas
Banks must now allocate at least 25% of annual branch expansion to unbanked rural centres (Tier 5/6). This replaces the
RBI Centralises Inter-bank Charge Settlement for Retail E-Payments
RBI has shifted the calculation and settlement of inter-bank processing charges for NEFT, NECS, RECS, and ECS from indiv
Priority Sector Data Reporting Now Quarterly
RBI mandates quarterly (instead of half-yearly) submission of priority sector advances data in a revised format, effecti
UCBs Must Screen Accounts Against Updated UN Terror List
RBI has forwarded UN updates to the Al-Qaida/Taliban sanctions list. Urban co-operative banks must screen new and existi
DvP III Facility Extended to Gilt Account Holders
RBI extends DvP III settlement to gilt account holders, except for trades between holders under the same custodian. Cust
Master Circular - Lending To Priority Sector (July 1, 2011)
RBI consolidated all priority sector lending guidelines into a single Master Circular as of July 1, 2011. Banks must con
RBI caps bank investments in liquid/short term debt MFs at 10% of net worth
RBI has capped banks' total investment in liquid/short term debt mutual fund schemes at 10% of net worth as of previous
Update UNSC 1267 Terrorist List for Co-op Banks
RBI directs state and central co-operative banks to update the UNSC 1267 consolidated list of terrorist individuals/enti
RBI eases FCCB refinancing under automatic route
RBI now allows Indian companies to refinance outstanding FCCBs via fresh ECB/FCCB under the automatic route, subject to
UN Terror List Update for Co-op Banks: Al-Qaida/Taliban
RBI directs StCBs/DCCBs to update UNSCR 1267/1822 consolidated list of terrorist individuals/entities linked to Al-Qaida
Repo Rate Hiked 50 bps: Standing Liquidity Facilities Costlier
RBI hiked repo rate by 50 bps to 8.0% effective July 26, 2011. Standing liquidity facilities for banks (export credit re
Repo Rate Hiked 50 bps to 8% in Q1 Review 2011-12
RBI raised the repo rate by 50 bps to 8.00% effective July 26, 2011. Reverse repo automatically adjusted to 7.00% and MS
Exim Bank USD 5 mn Line of Credit to Indo-Zambia Bank
RBI notifies Exim Bank's USD 5 million Line of Credit to Indo-Zambia Bank for financing Indian exports. AD Category-I ba
Exim Bank's USD 20 Million Line of Credit to Swaziland
RBI notifies AD Category-I banks about Exim Bank's USD 20 million line of credit to Swaziland for an IT Park. Banks must
RBI Discontinues Quarterly Financial Inclusion Reporting
RBI has discontinued the quarterly reporting of Financial Inclusion Indicators for scheduled commercial banks (excluding
Cheque Return Memos Must Be Signed or Initialled
RBI mandates that all Cheque Return Memos must be signed or initialled by bank officials, even if computer-generated. Th
UN Terror List Update: Urban Co-op Banks Must Screen Accounts
RBI directs urban co-operative banks to update the UN 1267/1822 consolidated list of terrorist individuals/entities, scr
Exim Bank's $20 mn LOC to Mozambique for Agri Exports
RBI notifies AD Category-I banks of Exim Bank's USD 20 million line of credit to Mozambique for Indian exports of goods,
NBFCs Must Screen Accounts Against UN Terror List
RBI directs all NBFCs and RNBCs to update and screen customers against the UNSC 1267/1822 consolidated list of individua
RRB Schedule Inclusion/Exclusion: 5 Added, 11 Removed
RBI included 5 amalgamated RRBs in the Second Schedule and excluded 11 erstwhile RRBs, effective March 31, 2011, via gaz
RRBs: Updated UN Terrorist List Compliance Mandate
RBI directs RRBs to update their consolidated list of terrorist individuals/entities per UNSCR 1267/1822 changes. Before
RBI Updates AML/CFT Risks: Iran, DPRK & Other Jurisdictions
RBI advises cooperative banks to assess AML/CFT risks from Iran, DPRK, and eight other jurisdictions (Bolivia, Cuba, Eth
FATF Statement on AML/CFT Deficient Jurisdictions (June 24, 2011)
RBI advises State and Central Co-operative Banks to consider the FATF's June 24, 2011 statement on jurisdictions with AM
Exim Bank's USD 4 mn Line of Credit to Guyana for Irrigation Pumps
RBI notifies AD Category-I banks about Exim Bank's USD 4 million Line of Credit to Guyana for financing Indian exports o
NBFCs Must Update UN Terrorist List for KYC Compliance
RBI directs all NBFCs and RNBCs to update their records with the latest UNSCR 1267/1822 terrorist list. Before opening n
RBI Tightens Derivatives Suitability Rules for Banks
RBI revised derivatives guidelines to prevent mis-selling. Banks must now have a Board-approved Customer Appropriateness
RBI Reiterates Ban on Cash Issuance of Demand Drafts of Rs 50,000 and Above
RBI has warned banks against issuing demand drafts of Rs 50,000 and above against cash. Such drafts must only be issued
RRBs: Updated FATF Jurisdictions with AML/CFT Deficiencies
RBI directs RRBs to consider the latest FATF statement (June 24, 2011) listing jurisdictions with strategic AML/CFT defi
RRBs: Updated FATF AML/CFT Risks on Iran, DPRK & Other Jurisdictions
RBI directs RRBs to factor in updated FATF AML/CFT risks from Iran, DPRK, and eight other jurisdictions (Bolivia, Cuba,
J&K Credit Relaxations Extended to March 2012
RBI extends credit concessions for J&K borrowers by one more year, up to March 31, 2012. Banks must continue applying ex
FATF Statement on AML/CFT Deficiencies: Banks Must Act
RBI directs all scheduled commercial banks and AIFIs to consider the FATF's June 24, 2011 statement on jurisdictions wit
FATF Updates on Iran, DPRK, and Other High-Risk Jurisdictions
RBI advises banks to factor in AML/CFT risks from Iran, DPRK, and eight other countries (Bolivia, Cuba, Ethiopia, Kenya,
Revised Procedure for Counterfeit Note Detection
RBI has revised counterfeit note reporting: for up to 4 fake notes in one transaction, send a consolidated monthly repor
EBT-FIP Convergence: New Operational Guidelines for Banks
RBI issued operational guidelines to converge Electronic Benefit Transfer (EBT) with the Financial Inclusion Plan (FIP),
RBI mandates customer choice between RTGS and NEFT
RBI directs all banks to let customers choose RTGS or NEFT at transaction initiation. Banks must offer this option at br
Master Circular on Use of Hindi in Public Sector Banks (2011)
RBI updated its master circular on Hindi use in public sector banks, consolidating instructions issued up to June 30, 20
LAF Reverse Repo and MSF Timing Shift to Evening
From August 16, 2011, LAF Reverse Repo auctions and MSF operations move to 4:30-5:00 PM (Mumbai working days, excluding
RBI allows QFIs to invest in domestic mutual fund equity schemes
RBI now permits Qualified Foreign Investors (QFIs) to buy rupee-denominated equity scheme units of domestic mutual funds
UN Terror List Updates: PSOs Must Screen Customers
RBI directs all payment system operators to update the UN 1267 consolidated list of terrorist individuals/entities and s
RBI Mandates Extra Authentication for All Card-Not-Present Transactions by May 2012
RBI has directed banks to implement additional factor of authentication for all card-not-present (CNP) transactions, inc
RBI allows banks to issue prepaid cards to corporates for employees
RBI now permits banks to issue prepaid payment instruments to listed corporates for employee use, with a Rs 50,000 cap p
Replace 'SSI' with 'Micro and Small Enterprises' in Bank Docs
RBI directs all scheduled commercial banks (excluding RRBs) to replace the term 'Small Scale Industries' with 'Micro and
UCBs: Updated FATF Jurisdictions List for AML/CFT Compliance
RBI directs all AD Category I Primary Urban Co-operative Banks to review and act on the latest FATF statement (June 24,
UCBs: Updated AML/CFT Risks from Iran, DPRK & Other Jurisdictions
RBI updates urban co-operative banks on FATF's June 2011 statement, urging enhanced due diligence for Iran and DPRK due
NRE/FCNR(B) Joint Accounts with Resident Close Relatives Allowed
RBI now permits NRIs/PIOs to open NRE/FCNR(B) accounts jointly with resident close relatives on a 'former or survivor' b
UN Al-Qaida Sanctions List Update for Co-op Banks
RBI directs co-operative banks to update their UNSCR 1267 sanctions list with three new annexes from July/August 2011. B
ANZ Bank Added to RBI Second Schedule
RBI has included Australia and New Zealand Banking Group Limited in the Second Schedule of the RBI Act, 1934, making it
Revised Authorisation Guidelines for Primary Dealers (2011)
RBI revised PD authorisation norms to ensure equitable, transparent entry and active G-Sec market participation. Key cha
UN Terror List Updates for RRBs: Al-Qaida Sanctions
RBI directs RRBs to update their consolidated list of terrorist individuals/entities linked to Al-Qaida per UNSCR 1267,
RBI Extends Rupee Drawing Arrangements to Malaysia
RBI now allows AD Category-I banks to open Rupee Vostro accounts for Exchange Houses in Malaysia under Speed Remittance
RBI allows ATM cash replenishment during strikes and natural calamities
RBI will let banks withdraw cash from its counters to refill ATMs during industry-wide strikes or natural calamities. Ea
Updated UN Terror List: Al-Qaida/Taliban Sanctions
RBI has circulated updated UN sanctions lists (July 29, Aug 12 & 22, 2011) of terrorist individuals/entities linked to A
RBI revises minimum rating for NCDs up to one year
RBI has aligned NCD rating requirements with SEBI's standardised symbols, setting the minimum credit rating for NCDs of
RBI Directs Payment Operators on FATF AML/CFT Compliance
RBI has directed all authorised payment system operators to consider the FATF's June 2011 statement on jurisdictions wit
RBI Advisory on AML/CFT Risks from Iran, DPRK, and Other Jurisdictions
RBI directs all payment system operators to assess and mitigate money laundering and terrorist financing risks from Iran
Strict Compliance on DD Issuance for Rs 50,000 and Above
RBI reiterates that demand drafts, mail transfers, telegraphic transfers, and travellers cheques of Rs 50,000 and above
FATF Jurisdictions Update for NBFCs/RNBCs
RBI directs NBFCs and RNBCs to consider FATF's June 24, 2011 statement on jurisdictions with strategic AML/CFT deficienc
FDI sale proceeds can now be credited to NRE/FCNR accounts
RBI clarifies that NRIs/PIOs can credit FDI sale proceeds to NRE/FCNR(B) accounts if the original investment was funded
EEFC/RFC Accounts: Joint Holder with Close Relative Allowed
RBI now permits resident individuals to add a resident close relative as a joint holder in EEFC and RFC accounts on a 'f
Gift of securities to NRIs/PIOs: Limit raised to USD 50,000 per year
RBI has enhanced the annual limit for gifting securities (shares, convertible debentures) to NRI/PIO close relatives fro
NRI Joint Holders in Resident Savings Accounts Allowed
Resident individuals can now add non-resident close relatives as joint holders in their savings bank accounts on a 'form
NBFCs must update UN terror list for account screening
RBI directs all NBFCs and RNBCs to update the consolidated UN list of individuals/entities linked to Al-Qaida and Taliba
RBI Withdraws Old Sick SME Rehabilitation Norms
RBI has withdrawn the 2002 relief and concession norms for rehabilitating sick SME units. Banks must now use their own B
Base Rate exemption for NSTFDC/NHFDC subsidised loans
RBI allows banks to lend below Base Rate for NSTFDC and NHFDC schemes, but only to the extent refinance is available. Th
Rupee Value of Special Currency Basket Revised to Rs. 66.9682
RBI revised the Rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
RRBs must replace 'SSI' with 'Micro and Small Enterprises' in all documents
RBI directs all Regional Rural Banks to substitute the term 'Small Scale Industries' with 'Micro and Small Enterprises'
RBI introduces RTGS service charges from Oct 2011
RBI will levy service charges on RTGS outward transactions from October 1, 2011, to recover operational costs and improv
RBI Mandates Credit Info Sharing for Suit-Filed Accounts
RBI now requires banks to submit quarterly lists of suit-filed accounts of Rs 1 crore and above (doubtful/loss) and wilf
RBI mandates EMV chip & PIN for card-present transactions
RBI has broadly accepted a Working Group's recommendations to secure card-present transactions. Banks must implement EMV
Revised Access Criteria for Payment Systems (2011)
RBI revised access criteria for payment systems, setting uniform rules for centralised systems (RTGS, NEFT, NECS) requir
Update on UN Terror List for Co-op Banks
RBI directs co-operative banks to update their UNSCR 1267 terror list with new Al-Qaida entries from September 2011, scr
List of Terrorist Individuals/Organisations under UNSCR 1267 on Taliban/Al-Qaida
RBI directs all Primary Urban Co-operative Banks to update their UNSCR 1267 consolidated list with three new annexes fro
RBI Tightens AML/CFT Checks on Iran, DPRK, and 8 Other Nations
RBI directs Indian agents under MTSS to apply FATF counter-measures against Iran and DPRK for ML/FT risks, and to consid
RBI Tightens AML/CFT Screening for Iran, DPRK & 8 Other Nations
RBI directs authorised persons to factor in AML/CFT deficiencies of Iran, DPRK, and eight other jurisdictions when onboa
Residents Can Now Pay Medical Bills for NRI Relatives (2011 Circular)
RBI allows resident individuals to pay medical expenses of their NRI relatives visiting India, treating it as a resident
NRI Loan Repayment by Resident Close Relatives Expanded
RBI now allows resident close relatives to repay any rupee loan taken by an NRI from an authorised dealer, not just hous
RBI Hikes Repo Rate by 25 bps to 8.25%
RBI raised the repo rate by 25 bps to 8.25% effective immediately, with reverse repo at 7.25% and MSF at 9.25%. This tig
Resident Individuals Can Now Lend in Rupees to NRI Close Relatives
RBI now permits resident individuals to lend interest-free rupees to NRI/PIO close relatives via crossed cheque/electron
Rupee Gifts to NRI Close Relatives: LRS Route Clarified
Resident individuals can now gift rupees to NRI/PIO close relatives via crossed cheque or electronic transfer, crediting
Repo Rate Hiked to 8.25%: Standing Liquidity Facilities Priced Higher
RBI raised the repo rate by 25 bps to 8.25% effective September 16, 2011. Consequently, standing liquidity facilities fo
Fake Bank Guarantee Fraud Alert for NBFCs
RBI warns NBFCs about a fraud ring using fake bank guarantees with forged signatures and mismatched formats. Beneficiari
ECB from Foreign Equity Holders: Key Clarifications
RBI clarifies ECB liability-equity ratio replaces debt-equity ratio, includes free reserves in equity calculation, and e
Internet Banking for Urban Co-operative Banks: Eligibility & Guidelines
Scheduled UCBs with networth ≥₹100 crore, CRAR ≥10%, net NPA <5%, and three consecutive years of net profit can now offe
ECB Limits Raised: Auto Route Doubled for Real Sector, Service Sector
RBI raised ECB automatic route limits: real/infrastructure sector borrowers can now borrow up to USD 750 million per yea
ECB Bridge Finance for Infrastructure Sector
RBI now allows infrastructure companies to use short-term bridge finance (including buyers'/suppliers' credit) for impor
ECB Liberalisation for Infrastructure: 25% Refinancing of Rupee Loans Allowed
RBI now allows infrastructure companies to use 25% of fresh ECB to refinance existing rupee loans from domestic banks, p
UN Al-Qaida Sanctions List Update for Urban Co-op Banks
RBI directs all Primary (Urban) Co-operative Banks to update their records with the latest UN 1267 Committee consolidate
RRBs Must Update Terrorist Lists Under UNSCR 1267
RBI directs all RRBs to update the consolidated list of terrorist individuals/entities linked to Al-Qaida per UNSCR 1267
RBI Updates AML/CFT Risks for NBFCs: Iran, DPRK & Others
RBI directs NBFCs to assess AML/CFT risks from Iran, DPRK, and other flagged jurisdictions per FATF's June 2011 statemen
RBI Rationalizes NBFC Reporting: Key Returns Now Quarterly
RBI has revised NBFC return formats and increased frequency of NBS-1, NBS-2, and NBS-7 from annual/half-yearly to quarte
RBI raises OPGSP export receipt limit to USD 3,000
RBI has increased the per-transaction cap for export remittances via Online Payment Gateway Service Providers from USD 5
Exim Bank's USD 27.5 Million Line of Credit to Senegal
RBI notifies AD Category-I banks about Exim Bank's USD 27.5 million line of credit to Senegal for rural electrification.
KCC Credit Now Counts as Direct Agri Finance
RBI clarifies that all credit extended under the Kisan Credit Card (KCC) scheme qualifies as direct finance to agricultu
Aadhaar Letter Now Valid for Full KYC at RRBs
RBI now allows RRBs to accept the UIDAI Aadhaar letter as a full KYC document for opening accounts, removing earlier 'Sm
Revised Credit Rating Symbols for Basel II Capital Adequacy
RBI mandates banks to use new rating symbols from CARE, CRISIL, FITCH India, and ICRA for risk-weighting exposures under
RBI eases money changing rules for FFMCs and UCBs
RBI has amended the Memorandum of Instructions for money changing activities. Urban Cooperative Banks can now apply for
RBI Extends 2% Interest Subvention on Rupee Export Credit for FY 2011-12
RBI extends 2% interest subvention on rupee export credit from April 1, 2011 to March 31, 2012 for handicrafts, handloom
LRS Form Updated for Rupee Gifts/Loans to NRI Close Relatives
RBI revised the LRS application form to include rupee gifts/loans to NRI/PIO close relatives within the USD 200,000 annu
RBI Relaxes Domestic Money Transfer Rules for Financial Inclusion
RBI has relaxed domestic money transfer rules to boost financial inclusion. Cash payouts to non-account holders rise fro
Review Calendar for Foreign Banks' Boards
RBI asks foreign banks to create their own board review calendar based on earlier instructions for Indian banks, with an
UN Terror List Updates: PSOs Must Screen New & Existing Customers
RBI mandates all payment system operators to update their UNSCR 1267/1822 consolidated list with three new annexes from
RBI shifts SCB accommodation pricing from Bank Rate to repo rate
RBI has changed the interest rate on loans to State Co-operative Banks under Section 17(4)(a) from Bank Rate to repo rat
RBI Tightens Forex Counter Locations at International Airports
RBI mandates that forex counters in arrival halls must be after customs, or between immigration and customs (only buy fo
Savings Bank Deposit Interest Rate Deregulated
RBI has deregulated savings bank deposit interest rates for resident Indians effective October 25, 2011. Banks can now s
Repo Rate Hiked to 8.50%: Standing Liquidity Facilities Costlier
RBI raised the repo rate by 25 bps to 8.50% effective October 25, 2011. Consequently, standing liquidity facilities for
Repo Rate Hiked 25 bps to 8.50% in Oct 2011 Policy
RBI raised the repo rate by 25 bps to 8.50% effective immediately, as part of the Second Quarter Review of Monetary Poli
SGL/CSGL Account Rules for Urban Co-op Banks
RBI reaffirms existing eligibility criteria for Primary UCBs to open SGL and CSGL accounts, forwarding copies of two not
CDS for Corporate Bonds: Operational Date Pushed to Nov 2011
RBI has postponed the operationalisation of Credit Default Swap (CDS) guidelines for corporate bonds from October 24, 20
Credit Default Swaps Notified as Derivatives under RBI Act
RBI has officially notified Credit Default Swaps (CDS) as a derivative under Chapter IIID of the RBI Act, 1934, effectiv
RBI Clarifies Repatriation Rules for Returning NRIs and LRS Investments
RBI clarifies that returning NRIs need not repatriate income or sale proceeds from assets held abroad, and LRS investors
FCNR(B) Accounts Now Allowed in Any Freely Convertible Currency
RBI has liberalised FCNR(B) deposit rules: banks can now accept deposits in any freely convertible currency, not just th
KCC credit classified as direct agriculture finance
RBI clarifies that credit extended under Kisan Credit Cards (KCC) qualifies as direct finance to agriculture under prior
Rabobank International Added to RBI Second Schedule
RBI has included Rabobank International in the Second Schedule of the RBI Act, 1934, via notification dated July 18, 201
Interest Subvention on Rupee Export Credit Extended for UCBs
RBI extends 2% interest subvention on rupee export credit for specified sectors (handicrafts, handlooms, carpet, SMEs) f
CRE Loans Now Need Mortgage Disclosure in Ads
RBI extends housing project disclosure rules to commercial real estate. Banks must now require developers to disclose pr
RBI eases FII and QFI debt investment rules for infra bonds
RBI has expanded FII investment in non-convertible debentures to include NBFC-IFCs, reduced the lock-in period to one ye
RBI Revises Derivatives Guidelines for Banks
RBI has modified its 2007 derivatives guidelines, updating suitability policies and product definitions. Effective Janua
RBI scraps 1:1 metro-non-metro branch ratio for money changers
RBI has removed the mandatory 1:1 ratio between metro and non-metro branches for Authorised Money Changers (AMCs), givin
Export Proceeds Realisation Period Extended Till Sep 2012
RBI extends the 12-month export proceeds realisation period for goods/software from Oct 1, 2011 to Sep 30, 2012. SEZ and
Rupee Value of Special Currency Basket Revised to Rs.69.09329
RBI has revised the Rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile U
IPCs for Capital Market: Guidelines Extended Till Dec 31, 2011
RBI extended the existing risk mitigation measures for banks issuing Irrevocable Payment Commitments (IPCs) to stock exc
UCB Housing Loan Limits & Repayment Period Revised
RBI raised individual housing loan limits for UCBs: Tier-I to ₹30 lakh and Tier-II to ₹70 lakh. Repayment period extende
RBI asks NBFCs to adopt green practices, phase out cheques
RBI directs NBFCs to support the Government's Green Initiative by increasing electronic payments, eliminating post-dated
NBFCs Must Update UN Terrorist List for KYC Compliance
RBI directs all NBFCs and RNBCs to update their records with the latest UN 1267 Committee consolidated list of Al-Qaida/
NBFCs: New Single XML Format for FIU-IND Reporting
RBI replaces multiple data file reporting for cash/suspicious transactions with a single XML format. NBFCs must adopt th
RBI Warns Banks on Online Forex Trading Portals
RBI reiterates that AD Category-I banks must be extra vigilant against margin payments for online forex trading via cred
RRBs must reduce cheque validity from 6 to 3 months
From April 1, 2012, RRBs cannot pay cheques, drafts, pay orders, or banker's cheques presented after 3 months from the d
FDI Reporting for Participating Interest in Oil Fields
RBI now treats issue/transfer of 'participating interest/rights' in oil fields to non-residents as FDI. Banks must repor
RRBs: No Crediting Account Payee Cheques to Third Parties
RBI reiterates that RRBs must not credit account payee cheques to anyone other than the named payee. A limited relaxatio
UCBs: New XML Reporting Format for PMLA Reports to FIU-India
RBI directs Urban Co-operative Banks to adopt a new single XML file format for filing CTR, STR, CCR, and NTR reports to
1% Interest Subvention on Housing Loans Extended to March 2012
RBI extends the 1% interest subvention scheme on housing loans up to Rs. 10 lakh until March 31, 2012. Loans sanctioned
Aadhaar Letter Now Valid KYC Document for UCBs
RBI now allows Primary Urban Co-operative Banks to accept the UIDAI letter containing name, address, and Aadhaar number
Cheque validity reduced from 6 to 3 months from April 1, 2012
RBI has directed all scheduled commercial banks (excluding RRBs) and local area banks to stop honouring cheques, drafts,
Mandatory Account Payee Crossing for Demand Drafts of Rs 20,000 and Above
RBI mandates that all demand drafts of Rs 20,000 and above must be issued with account payee crossing to curb misuse for
RBI cracks down on banks denying passbooks to savings account holders
RBI has warned banks against denying passbooks to individual savings account holders who want them. Banks must offer pas
RBI Clarifies Repayment Rules for Joint Fixed Deposits
RBI has clarified that banks must honor 'Either or Survivor' or 'Former or Survivor' mandates for joint fixed deposits o
FDI Share Transfers: RBI Liberalizes Prior Approval Norms
RBI has eased prior approval requirements for certain FDI share transfers. Transfers from non-resident to resident not m
RBI Hikes NRE and FCNR(B) Deposit Rate Ceilings
RBI raised NRE term deposit rate ceiling to LIBOR/SWAP + 275 bps (from +175 bps) and FCNR(B) ceiling to LIBOR/SWAP + 125
ECB Proceeds for Rupee Expenditure Must Be Repatriated Immediately
RBI now mandates that ECB proceeds raised for rupee expenditure in India must be brought back immediately and credited t
Savings Bank Deposit Rate Deregulation for RRBs
RBI deregulated savings bank deposit interest rates for Regional Rural Banks effective October 25, 2011. Banks can now s
RBI Allows Foreign Investment in Infrastructure Debt Funds
RBI now permits eligible non-resident investors—including sovereign wealth funds, multilateral agencies, pension funds,
RBI cuts cheque validity from 6 to 3 months for co-op banks
RBI directs StCBs/DCCBs to reduce cheque/draft validity from six to three months from April 1, 2012, citing misuse of in
Banks as Sponsors to Infrastructure Debt Funds (IDFs)
RBI allows scheduled commercial banks to sponsor Infrastructure Debt Funds (IDFs) as Mutual Funds or NBFCs, with prior a
RBI Guidelines for Infrastructure Debt Funds (IDFs) by NBFCs
RBI issued detailed guidelines for NBFCs to sponsor Infrastructure Debt Funds (IDFs) as Mutual Funds or NBFCs. Only IFCs
Mid-Sea Trans-shipment Rules for Deep Sea Fishing Vessels
RBI has simplified export declaration for deep sea fishing vessels trans-shipping catch mid-sea. Indian-owned vessels wi
Direct NDS-OM Access for UCBs and NBFC-ND-SIs
RBI now allows licensed Urban Co-operative Banks and systemically important NBFCs (non-deposit taking) to directly acces
Set-off of export receivables against import payables: Delegation to AD banks
RBI has delegated to AD Category-I banks the power to approve set-off of export receivables against import payables, sub
NEFT Access Options for Regional Rural Banks
RRBs can now choose between direct NEFT membership if they meet the access criteria or continue via a sponsor bank as pe
UCBs: Repayment Rules for Joint Fixed/Term Deposits
RBI clarifies that for joint fixed/term deposits with 'Either or Survivor' mandate, banks must not insist on both deposi
RBI Tightens Forex Derivative Rules for Banks and Clients
RBI has withdrawn the facility to rebook cancelled forward contracts for residents, reduced the past performance hedging
CDS Trade Reporting Mandate via CCIL CORE from Dec 1
From December 1, 2011, all market makers must report credit default swap trades in corporate bonds to CCIL's CORE platfo
RBI Prudential Guidelines on Credit Default Swaps (2011)
RBI issued prudential norms for banks on Credit Default Swaps (CDS) for corporate bonds, covering capital adequacy, expo
RBI Pushes Aadhaar Bank Accounts for Benefit Transfers
RBI directs all scheduled commercial banks (excluding RRBs) to open Aadhaar Enabled Bank Accounts (AEBA) for all benefic
RBI eases branch opening norms for Tier 2 centres (as per Census 2001)
RBI now allows scheduled commercial banks (excluding RRBs) to open branches in Tier 2 centres (population 50,000 to 99,9
SCSS 2004: Notary Public Now Allowed for Affidavit Verification
RBI has notified that affidavits under the Senior Citizens Savings Scheme, 2004 can now be verified by a Notary Public i
Savings Bank Deposit Rate Deregulation for Urban Co-op Banks
RBI has deregulated savings bank deposit interest rates for urban co-operative banks with immediate effect. Banks can se
FCNR(B) Deposit Rate Ceiling Raised for UCBs
RBI raised the FCNR(B) deposit interest rate ceiling for AD Category-I UCBs from LIBOR/SWAP plus 100 bps to plus 125 bps
RBI Hikes NRE Deposit Rate Cap for UCBs to LIBOR+275 bps
RBI has raised the maximum interest rate on fresh NRE term deposits for Urban Co-operative Banks from LIBOR/SWAP plus 17
RRBs: NRE & FCNR(B) Deposit Rate Ceilings Revised Upward
RBI raised NRE term deposit rate ceiling to LIBOR/SWAP + 275 bps (from +175 bps) and FCNR(B) ceiling to LIBOR/SWAP + 125
Account Payee Cheques: No Third-Party Credit for StCBs/DCCBs
RBI reiterates that account payee cheques must not be credited to any third-party account. A limited relaxation for co-o
RBI mandates bank-wide ML/TF risk assessment
RBI now requires banks to formally assess and document money laundering and terror financing risks across customers, geo
ECB Norms Eased for MFIs and NGOs Under Automatic Route
RBI now permits MFIs to raise ECB up to USD 10 million per financial year under the Automatic Route, and NGOs engaged in
RBI Circular on Mortgage Guarantee Companies – Dec 2011
RBI issued a circular on December 16, 2011, amending the Mortgage Guarantee Company Guidelines 2008 to reduce the maximu
Punjab National Bank gets lead bank role for two new Punjab districts
RBI assigns Punjab National Bank as lead bank for newly formed Pathankot and Fazilka districts in Punjab, effective July
RBI Notifies Commission Changes for PPF, SCSS Agents
RBI has communicated a Government notification revising agent commission for small savings schemes. Commission on PPF (1
FEMA Compounding Powers Delegated to RBI Regional Offices
RBI has delegated powers to compound certain FEMA contraventions (delays in reporting inward remittances, FC-GPR filing,
RBI Tightens Rules on Bank Investments in Non-Financial Firms
RBI now requires banks to follow prudential guidelines for investments in non-financial services companies, closing a re
FDI in Pharma: Greenfield Automatic, Brownfield Needs Govt Nod
RBI has revised FDI rules for pharmaceuticals: 100% automatic route for greenfield investments continues, but brownfield
FDI via Conversion of Import Payables: Timeline Relaxed
RBI has eased the timeline for converting import payables for capital goods into FDI under the Government route. Earlier
Compensation for delayed bond payments at bank's own savings rate
Banks must now compensate Relief/Savings Bond investors for delayed interest or principal payments using their own savin
PPF Scheme 1968: Deposit Limit Raised to ₹1 Lakh, Loan Interest Rate Increased to 2%, Subscription Interest Set at 8.6%
RBI notifies banks of Government amendments to PPF Scheme, 1968 effective Dec 1, 2011: annual deposit limit increased fr
RBI Creates New NBFC-MFI Category with Specific Norms
RBI has introduced a new NBFC category—NBFC-MFI—with a minimum net owned fund of Rs 5 crore (Rs 2 crore for North Easter
NBFCs Allowed as CDS Users Only
RBI permits NBFCs to buy credit protection via CDS solely to hedge credit risk on corporate bonds they hold. Selling pro
Revised Capital Adequacy Framework for NBFC Off-Balance Sheet Items
RBI expands off-balance sheet risk weight framework for NBFCs from 6 items to a granular two-step process using credit c
Savings Bank Deposit Interest Rate Deregulation for Co-op Banks
RBI deregulated savings bank deposit interest rates for co-operative banks effective October 25, 2011. Banks can set the
Aadhaar Letter Accepted as Valid KYC Document for NBFCs (Circular dated December 26, 2011)
RBI, via circular dated December 26, 2011, allowed NBFCs to accept the UIDAI letter containing name, address, and Aadhaa
KYC/AML Norms Eased for Foreign Tourists at Money Changers
RBI has relaxed KYC norms for money changers dealing with foreign tourists. Now, a passport copy alone suffices as both
RBI Removes Daily Cap on Mobile Banking Transactions
RBI has removed the Rs. 50,000 per customer per day transaction limit for mobile banking, effective December 22, 2011. B
IRB Approach for Credit Risk Capital Charge
RBI released final guidelines for banks to adopt Internal Rating Based (IRB) approaches for credit risk capital charge f
SBI Commercial & International Bank Removed from RBI Schedule II
RBI excluded State Bank of India Commercial and International Bank Limited from the Second Schedule of the RBI Act, 1934
RRBs Must Assess and Monitor ML/TF Risks
RBI mandates RRBs to identify and assess money laundering and terror financing risks for customers, geographies, and pro
MSF Expanded: Borrow Against SLR Below Statutory Minimum
RBI now lets banks borrow overnight under MSF against excess SLR holdings and also dip up to 1% of NDTL below the statut
RRBs Get Freedom to Set NRE/NRO Deposit Rates
RBI has deregulated interest rates on NRE and NRO deposits for RRBs, allowing them to set their own rates on savings and
Dairy sector loans now count as indirect agri finance
RBI has clarified that bank credit for all dairy development activities—including procurement, storage, processing, and
RBI Releases Draft Basel III Capital Rules for Indian Banks
RBI issued draft Basel III capital regulations on Dec 30, 2011, aiming to strengthen bank resilience. The rules apply to
UAPA 1967: UN Splits Al-Qaida & Taliban Sanctions Lists
Banks must now screen customers against two separate UN sanctions lists—Al-Qaida and Taliban—instead of one combined lis
KYC/AML/CFT Risk Assessment for Co-operative Banks
RBI directs StCBs/DCCBs to identify and assess ML/TF risk across customers, geographies, products, and channels, and ado
INR-Denominated ECB Hedging for Non-Residents
RBI now allows non-residents to hedge currency risk on INR-denominated ECBs with AD Category-I banks using forwards, opt
RBI Deregulates NRE/NRO Deposit Rates for Co-op Banks
RBI has freed StCBs and DCCBs to set their own interest rates on NRE savings and term deposits (1 year+) and NRO savings
RBI Extends G-Sec Short Sale Tenure to Three Months
RBI has extended the maximum period for maintaining short positions in government securities from 5 days to 3 months, ef
RBI Deregulates NRE/NRO Deposit Interest Rates for Urban Co-op Banks
RBI has freed urban co-operative banks to set their own interest rates on NRE savings and term deposits (1 year+) and NR
RBI Extends IPC Risk Norms for Custodian Banks
RBI has extended the existing risk mitigation measures for Irrevocable Payment Commitments (IPCs) issued by custodian ba
RBI Tightens Risk Weights on Bank Investments in Exempted Financial Entities
RBI has removed the 100% risk weight exemption for bank investments in paid-up equity of financial entities previously e
CTS-2010 Cheque Standards: Final Migration Deadline
RBI mandates all banks to issue only CTS-2010 standard cheques by April 1, 2012 for northern and southern grids, and nat
Exim Bank's USD 168 mn Line of Credit to Congo for Hydro Project
RBI notifies AD Category-I banks about Exim Bank's USD 168 million Line of Credit to the Government of Democratic Republ
Exim Bank's $40 mn Line of Credit to Maldives for Housing
RBI notified a $40 million Exim Bank line of credit to Maldives for 500 housing units. At least 75% of contract value mu
RBI Raises ECB Automatic Route Limit to USD 750 Million
RBI increased the ECB automatic route borrowing limit to USD 750 million per borrower per year, with revised maturity no
RRBs must update UN Al-Qaida sanctions list for new accounts
RBI directs RRBs to update the UN Al-Qaida sanctions list using six new notes from the UN Security Council. Before openi
UAPA Compliance: UN Splits Al-Qaida & Taliban Sanctions Lists
UN Security Council split the consolidated sanctions list into separate Al-Qaida and Taliban lists. Co-operative banks m
Mandatory Acknowledgment of MSME Loan Applications
RBI mandates all scheduled commercial banks (excluding RRBs) to issue a dated acknowledgment with a running serial numbe
UAPA Section 51-A: UN Al-Qaida Sanctions List Update
RBI directs banks to update their records with the latest UN Al-Qaida sanctions list, screen new and existing accounts,
NDS-OM Membership for UCBs: Eligibility and Process
RBI now allows well-managed, financially sound UCBs with minimum networth of Rs. 25 crore to directly access NDS-OM for
RRBs: UN Sanctions List Split for UAPA Compliance
RBI directs RRBs to use two separate UN sanctions lists (Al-Qaida and Taliban) for UAPA Section 51A compliance. All new
NBFC Capital Adequacy: CDS Hedging Rules Clarified
RBI clarifies capital treatment for NBFCs hedging corporate bonds with CDS. For current-category bonds, 80% credit prote
RBI Cracks Down on NBFCs Issuing Ultra-Short NCDs
RBI has flagged that some NBFCs are violating the 2010 NCD Directions by privately placing NCDs with maturity under 90 d
RBI expanded Interest Rate Futures to 2-year and 5-year bonds (2011, now superseded)
In 2011, RBI allowed exchange-traded Interest Rate Futures on notional 2-year and 5-year government securities, cash-set
RBI Introduces 2-Year and 5-Year Interest Rate Futures
RBI has expanded the exchange-traded Interest Rate Futures (IRF) product suite by adding contracts on 2-year and 5-year
UAPA Sanctions List Updates for RRBs – January 18, 2012
RBI directs RRBs to update their UNSCR 1988 sanctions list with seven new annexes from July 2011 to January 6, 2012. Ban
RBI Eases Commodity Hedging Rules for Banks
RBI now allows all Category-I AD banks to approve commodity hedging for listed and unlisted companies (excluding gold, s
UAPA Section 51-A: UN Taliban Sanctions List Updates
RBI mandates banks to update and screen accounts against the latest UNSCR 1988 Taliban sanctions list, covering seven an
RRBs: Updated FATF AML/CFT Jurisdictional Risks
RBI directs RRBs to consider FATF's October 28, 2011 updated statement on AML/CFT deficiencies in certain jurisdictions.
RBI Updates AML/CFT Guidance for Co-op Banks on FATF Statement
RBI directs all State and Central Co-operative Banks to consider the updated FATF statement on AML/CFT deficiencies in c
RBI Finalizes Compensation Guidelines for Private & Foreign Banks
RBI issued final compensation guidelines for private and foreign banks, effective FY 2012-13, aligning with FSB principl
RBI Allows QFIs to Invest in Indian Equity Shares
RBI now permits Qualified Foreign Investors (QFIs) to buy listed Indian equity shares on repatriation basis via SEBI-reg
FDI in Single-Brand Retail: 100% Allowed Under Govt Route
RBI has raised the FDI cap for single-brand retail trading from 51% to 100% under the government approval route, effecti
FATF Update on High-Risk Jurisdictions: AML/CFT Alert
RBI directs banks to consider FATF's October 2011 statement on AML/CFT deficiencies in certain jurisdictions. This does
RBI eases FCR acceptance rules for export transactions
RBI now allows banks to accept Forwarder's Cargo Receipts (FCR) from IATA agents for LC-backed exports even if the sale
UAPA Sanctions: Co-op Banks Must Update Al-Qaida Lists
RBI directs all state and central co-operative banks to update their UNSCR 1267/1989 Al-Qaida sanctions list with six ne
RBI cracks down on NEFT delay penalties and CFC neglect
RBI has warned banks to stop avoiding penal interest on delayed NEFT credits by value-dating. Banks must pay penalty suo
RBI Master Circular on Risk Management and Inter-Bank Dealings
This 2011-12 Master Circular consolidates all RBI instructions on foreign exchange derivative contracts, overseas hedgin
Savings Bank Deposit Interest Rate Deregulation Guidelines
RBI clarifies that revised savings deposit interest rate guidelines apply only to domestic resident accounts. Interest m
ECB Policy: IFC Leverage Ratio Certification by AD Banks
RBI now requires AD Category-I banks to certify the leverage ratio (outside liabilities/owned funds) of Infrastructure F
ECB Simplification: AD Banks Get More Powers
RBI has delegated powers to AD Category-I banks to approve cancellation of Loan Registration Numbers and changes in end-
UAPA Sanctions: Update Al-Qaida List for PSOs
RBI directs all payment system operators to update their records with the latest UN Al-Qaida sanctions list and screen a
UNSCR 1929 Sanctions: Co-op Banks Must Screen Accounts
RBI directs all state and central co-operative banks to cross-check new and existing accounts against the UNSCR 1929 san
CRR Cut by 50 bps to 5.50% from Jan 28, 2012
RBI reduced CRR by 50 bps from 6.00% to 5.50% of NDTL, effective fortnight starting January 28, 2012. This frees up liqu
RRBs Must Screen Accounts Against UNSCR 1929 Sanctions List
RBI directs all RRBs to cross-check account openings and existing transactions against the UNSCR 1929 sanctions list pub
UAPA Compliance: UN Splits Al-Qaida & Taliban Sanctions Lists
RBI directs all payment system operators to use two separate UN sanctions lists—Al-Qaida and Taliban—for Section 51A UAP
Small Savings Interest Rates: Fixed for Life of Investment
RBI clarifies that small savings scheme interest rates are fixed for the entire investment tenure, not floating. PPF rat
ECB & Trade Credits Master Circular 2011-12
RBI consolidated all ECB and trade credit guidelines into Master Circular No.09/2011-12, effective July 1, 2011, revised
UNSCR 1929 Compliance: Sanctions Screening Mandate
RBI mandates banks to screen all accounts and transactions against the UNSCR 1929 sanctions list published in the Gazett
RBI Tightens Housing Loan LTV: Exclude Stamp Duty & Registration Costs
RBI directs banks to exclude stamp duty, registration, and documentation charges from property cost when calculating Loa
RBI Tightens Norms on Unhedged Forex Exposure of Corporates
RBI directs banks to evaluate unhedged forex exposure risks of corporates, price them into credit risk premium, and cons
UAPA Section 51-A: Update Al-Qaida Sanctions List for Co-op & RRBs
RBI directs all State/Central Co-operative Banks and RRBs to update their records with the latest UN Al-Qaida Sanctions
Fortnightly Reporting for Diamond Dollar Accounts
AD Category-I banks must now submit a fortnightly statement of Diamond Dollar Account balances to RBI within seven days
RBI Opens Government Business to All Private Sector Banks
RBI now allows all private sector banks to handle Central/State Government business as agency banks, ending the previous
Master Circular on Money Changing Activities (2011-12)
RBI consolidated all instructions on money changing into one Master Circular, effective July 1, 2011, with a sunset clau
Savings Bank Deposit Rate Deregulation for RRBs/Co-op Banks
RBI clarifies that deregulated savings deposit interest rates apply only to domestic resident accounts. Interest must be
RBI Eases Prior Approval Norms for Vostro Accounts of Exchange Houses
RBI has removed the need for prior approval for each Rupee Vostro account of non-resident Exchange Houses under Rupee Dr
RBI eases location norms for Full Fledged Money Changers
RBI has removed the criteria of outreach and locational advantage for FFMC license applications, giving authorised perso
CRR cut for SCBs and RRBs by 50 bps to 5.50%
RBI reduced CRR for Scheduled State Co-operative Banks and Regional Rural Banks by 50 bps from 6.00% to 5.50% of NDTL, e
Second LAF Repo on Reporting Fridays from Feb 10, 2012
RBI reintroduces an additional repo auction under LAF on reporting Fridays, 4:30-5:00 PM, effective February 10, 2012, t
CRR Cut for Urban Co-op Banks: 50 bps Reduction
RBI reduced CRR for Scheduled Primary (Urban) Co-operative Banks by 50 bps from 6.00% to 5.50% of NDTL, effective fortni
Bank Rate Hiked 350 bps to 9.50%: Technical Alignment with MSF
RBI raised the Bank Rate by 350 bps to 9.50% effective Feb 13, 2012, aligning it with the MSF rate. This is a one-time t
FCRA 2010 Guidelines for RRBs and Cooperative Banks
RBI issued guidelines under Section 36(1)(a) of the Banking Regulation Act, 1949, directing RRBs, StCBs, and DCCBs to co
RBI Updates AML/CFT Standards for Payment System Operators
RBI directs all PSS Act-authorized payment system operators to consider FATF's updated October 2011 statement on AML/CFT
Display Unclaimed Deposit Lists on Websites: StCBs/DCCBs/RRBs
RBI mandates StCBs, DCCBs, and RRBs to publish lists of accounts inactive for 10+ years on their websites by June 30, 20
Project Office Setup: Prior RBI Nod for Citizens of 6 Nations
RBI clarifies that general permission for foreign entities to set up project offices in India does not override the prio
Savings Bank Deposit Rate Deregulation: End-of-Day Balance Clarification
RBI clarifies that revised savings bank deposit interest rate guidelines apply only to domestic resident deposits. Inter
ECB Simplification: AD Banks Get More Powers
RBI has delegated powers to AD Category-I banks to approve ECB changes like loan amount reduction (only under automatic
Display Unclaimed Deposits on Bank Websites
Banks must list accounts inactive for 10+ years on their websites with names and addresses only, plus a search feature,
RBI Guidelines on FCRA 2010 for Banks
RBI issued guidelines under Section 36(1)(a) of the Banking Regulation Act, 1949, mandating scheduled commercial banks (
Revised Short Selling Reporting for G-Secs
RBI has updated the monthly short selling report for government securities to reflect changes in regulatory limits due t
RBI Permits Repo of G-Sec Already Contracted for Sale
RBI now permits repo of government securities on T+0 basis that have already been contracted for sale on T+1 basis, prov
RBI tightens loan rules for directors' spouses and children
RBI (as per 2012 circular) restricts loans to directors' spouses and minor/dependent children under Section 20 of the Ba
FATF AML/CFT Update for Urban Co-op Banks
RBI directs Primary Urban Co-operative Banks to factor in FATF's October 2011 statement on AML/CFT risks from certain ju
UAPA Section 51A: Updated Al-Qaida Sanctions List
RBI mandates banks to update and screen accounts against the UN's revised Al-Qaida sanctions list under UAPA, 1967. Free
UCBs Must Report Suit-Filed Accounts to CICs
RBI directs Primary Urban Co-operative Banks to submit quarterly lists of suit-filed accounts of ₹1 crore and above (dou
Lead Bank Responsibility for New District Panchsheel Nagar
RBI assigns Syndicate Bank as lead bank for the newly formed Panchsheel Nagar district in Uttar Pradesh, effective Septe
UAPA Sanctions List Update for RRBs and Co-op Banks
RBI directs RRBs and co-operative banks to update the UN 1988 Sanctions List (Taliban-linked entities) and screen all ne
UAPA Section 51-A: Update UNSCR 1988 Sanctions List
RBI directs banks to update the UNSCR 1988 Taliban sanctions list, screen new and existing accounts, and freeze assets o
Import Remittance Limit Raised to USD 5000 Without Documentation
RBI has raised the threshold for import remittances without documentation from USD 500 to USD 5000. ADs now only need a
AD Banks Can Now Approve Advance for Long-Gestation Exports
RBI now allows AD Category-I banks to approve advance payments for exports where shipment extends beyond one year, witho
PSOs must update Al-Qaida sanctions list for new and existing accounts
RBI directs all Payment System Operators to update the UN Al-Qaida sanctions list, screen new customers against it, and
RBI Reiterates Mandatory Invitation of MPs/MLAs to DLRC Meetings
RBI has reiterated that lead banks must fix DLRC meeting dates in consultation with MPs/MLAs, invite them to all distric
RBI Tightens AML/CFT Checks on Cross-Border Remittances via MTSS
RBI directs Indian Agents under MTSS to apply FATF's October 2011 statement on high-risk jurisdictions to cross-border i
AML/CFT Risks: FATF Statement on High-Risk Jurisdictions
RBI directs authorised persons to factor in FATF's October 2011 statement on AML/CFT deficiencies in certain jurisdictio
Lead Bank for New Prabudh Nagar District Assigned to PNB
RBI assigns Punjab National Bank as lead bank for the newly formed Prabudh Nagar district in Uttar Pradesh, carved from
RBI Clarifies Asset Transfer Rules for Foreign Branch/Liaison Offices
RBI clarifies that AD Category-I banks cannot approve asset transfers from foreign branch/liaison offices to subsidiarie
UAPA Compliance: Update Al-Qaida Sanctions List for Urban Co-op Banks
RBI directs all Primary Urban Co-operative Banks to update their UN Al-Qaida sanctions list with six new annexes from th
Revised Supervisory Action Framework for Urban Cooperative Banks
RBI revamps supervisory action for UCBs with a two-stage framework based on CAMELS ratings. Banks must self-correct when
UAPA Compliance: UN Splits Al-Qaida & Taliban Sanctions Lists
RBI directs urban co-op banks to use two separate UN sanctions lists—Al-Qaida and Taliban—for Section 51A UAPA complianc
Lead Bank assigned for new UP district Bhim Nagar
RBI has assigned Syndicate Bank as the lead bank for the newly formed Bhim Nagar district in Uttar Pradesh, carved from
RBI Tightens KYC/AML for Cross-Border Remittances Under MTSS
RBI mandates Indian Agents under MTSS to identify and assess money laundering/terror financing risks for customers, coun
Risk Assessment for Money Changing Activities under KYC/AML
RBI mandates authorised persons to identify and assess money laundering/terrorism financing risks for customers, countri
ECB Access for NMIZ Infrastructure Developers
RBI now allows NMIZ developers to raise ECB under approval route for infrastructure facilities within the zone, expandin
R-Returns & FETERS: Revised Reporting from April 2012
From April 1, 2012, AD Category-I banks must report all forex transactions under FETERS using revised purpose codes. The
UAPA Sanctions: Update Al-Qaida List for New & Existing Accounts
RBI directs co-operative banks and RRBs to update their UN Al-Qaida sanctions list, screen new customers, and scan exist
Gold Loan Tenor Extended to 270 Days Under FTP 2009-14
RBI extends maximum gold loan tenor from 240 to 270 days, aligning with FTP 2009-14: 90 days for manufacture/export plus
CRR Cut by 75 bps to 4.75% from March 10, 2012
RBI reduced CRR by 75 bps from 5.50% to 4.75% of NDTL, effective March 10, 2012. This frees up bank liquidity in respons
RBI mandates CCIL platform for OTC forex and rate derivatives reporting
RBI directs Category-I Authorised Dealer banks and Primary Dealers to report all inter-bank OTC forex derivatives and ce
Bank Rate Hiked to 9.50%: Technical Alignment with MSF
RBI raised the Bank Rate from 6% to 9.50% effective Feb 13, 2012, aligning it with the MSF rate. This is a one-time tech
IFRS Convergence Roadmap for Urban Co-operative Banks
RBI mandates UCBs with net worth over Rs. 300 crore to converge with IFRS by April 1, 2013, and those with net worth bet
LRS Clarification: Minors, Family Consolidation, Art Purchases
RBI clarifies that resident individuals, including minors, can remit up to USD 200,000 per financial year under LRS. Min
RBI grants CIBIL credit information registration
RBI issued a Certificate of Registration to CIBIL on March 5, 2012, authorizing it to operate as a credit information co
UCBs Must Now Assess and Mitigate ML/FT Risk Systematically
RBI mandates urban co-operative banks to identify and assess money laundering and terror financing risks for customers,
DvP I Settlement Mandated for OTC CDs and CPs
From April 1, 2012, all OTC trades in Certificates of Deposit and Commercial Papers must be cleared and settled through
RBI Tightens Grievance Redressal: Senior Nodal Officers Must Be on Bank Homepages
RBI mandates that Principal Nodal Officers under the Banking Ombudsman Scheme must be at least General Manager rank, wit
RBI Allows BC Interoperability at Retail Outlets
RBI now permits BC retail outlets to serve customers of multiple banks, provided transactions are online, CBS-based, and
Fraud Monitoring Guidelines Extended to NBFCs-ND-SI (2012)
RBI extended fraud monitoring guidelines to systemically important non-deposit taking NBFCs (NBFCs-ND-SI) with asset siz
FII Investment in 'To Be Listed' Debt Securities Allowed
RBI now permits FIIs to invest in primary issues of NCDs/bonds, provided listing occurs within 15 days. If not listed, F
FY2011-12 March Transactions: Special Reporting & Accounting Arrangements
RBI sets April 14, 2012 as the closure date for March residual transactions for agency banks. Banks must ensure all Marc
Bank Rate Hiked to 9.50%: Technical Alignment with MSF
RBI raised the Bank Rate from 6% to 9.50% effective Feb 13, 2012, aligning it with the MSF rate. This is a one-time tech
RBI Updates AML/CFT Standards on FATF Statement
RBI directs banks to consider FATF's updated February 2012 statement on AML/CFT deficiencies in certain jurisdictions, w
NBFCs Must Screen Accounts Against UNSCR 1929 Sanctions List
RBI directs NBFCs/RNBCs to cross-check all new and existing accounts against the UNSCR 1929 sanctions list published in
UAPA Section 51-A: Update Al-Qaida Sanctions List
RBI mandates banks to update the UN Al-Qaida sanctions list, screen new and existing accounts against it, and freeze ass
CRR Cut for StCBs/RRBs: 75 bps Reduction to 4.75%
RBI slashed CRR for Scheduled State Co-operative Banks and Regional Rural Banks by 75 bps from 5.50% to 4.75% of NDTL, e
UAPA Sanctions List Update for RRBs and Co-op Banks
RBI directs RRBs and co-op banks to update the UN Al-Qaida sanctions list, screen new and existing accounts, and freeze
UAPA Section 51A: Update Al-Qaida Sanctions List Now
RBI mandates banks to update the UN Al-Qaida sanctions list immediately. Before opening new accounts, verify proposed cu
CRR Cut for Urban Co-op Banks: 75 bps Reduction
RBI reduced CRR for Scheduled Primary Urban Co-operative Banks by 75 bps from 5.50% to 4.75% of NDTL, effective fortnigh
UAPA Section 51A: Updated Al-Qaida Sanctions List for NBFCs
RBI mandates NBFCs to update their records with the latest UN Al-Qaida sanctions list. Before opening new accounts, veri
FY 2011-12 Year-End: Extended Hours for Govt Transactions
RBI directs agency banks to extend banking hours on March 30-31, 2012, to handle year-end government revenue rush. Speci
National Australia Bank Added to RBI Second Schedule
RBI has included National Australia Bank in the Second Schedule of the RBI Act, 1934, effective January 9, 2012. This gr
UAPA Section 51A: Update Al-Qaida Sanctions List for RRBs & Co-op Banks
RBI directs all State/Central Co-operative Banks and RRBs to update their records with the latest UN Al-Qaida sanctions
FII/NRI Investment Limit Hikes: Prior Intimation to RBI
Indian companies raising FII investment limits above 24% or NRI limits above 10% must immediately inform RBI with a comp
FVCIs can now buy Indian VC securities via private deals
RBI now allows SEBI-registered Foreign Venture Capital Investors to acquire eligible securities (equity, debt, units) of
UAPA Section 51-A: Update Al-Qaida Sanctions List
RBI mandates banks to update the UN Al-Qaida sanctions list, screen new and existing accounts, and freeze assets of desi
FATF AML/CFT Update for RRBs and Co-op Banks
RBI directs RRBs and cooperative banks to consider FATF's February 2012 statement on AML/CFT deficiencies in certain jur
Automatic Membership for Decentralised Payment Systems
Banks already in RTGS, NEFT, or NECS now get automatic membership for decentralised payment systems like CTS and ECS acr
UN Sanctions Lists Split: NBFCs Must Update Screening
RBI directs NBFCs to use two separate UN sanctions lists—Al-Qaida and Taliban—for customer screening under UAPA Section
NBFCs Cannot Treat Bank FDs as Financial Assets
RBI clarifies that fixed deposits with banks are not financial assets for NBFCs. Interest from FDs cannot count as incom
NBFCs Must Update Al-Qaida Sanctions List for UAPA Compliance
RBI directs all NBFCs to update the UN Al-Qaida sanctions list, screen new and existing accounts against it, and ensure
RBI Revises Fair Practices Code for NBFCs
RBI updated its Fair Practices Code for NBFCs, mandating loan terms in vernacular languages, annualized interest rate di
Nomination Forms: Only Thumb Impressions Need Witnesses
RBI clarifies that for nomination forms under the Banking Companies (Nomination) Rules, 1985, only thumb impressions req
March 2012 Tax Collection Deadline Shifted to April 16
RBI corrected its earlier circular: wherever April 14, 2012 was mentioned for special March transactions reporting, it s
RBI Caps Gold Jewellery Loan LTV at 60% for NBFCs
RBI has capped gold jewellery loan LTV at 60% for all NBFCs, mandated balance sheet disclosure of such loans, and set a
NBFCs Must Now Assess ML/TF Risk for Customers, Products, Geographies
RBI directs NBFCs to identify and assess money laundering/terror financing risks for customers, countries, products, ser
Repayment of Loans from Close Relatives Abroad: NRE/FCNR(B) Credit Allowed
RBI now permits AD Category-I banks to credit loan repayments from resident individuals to the lender's NRE/FCNR(B) acco
UAPA Section 51-A: Update Al-Qaida Sanctions List for RRBs & Co-op Banks
RBI directs State/Central Co-operative Banks and RRBs to update their UN Al-Qaida sanctions list per UNSCR 1267/1989 cha
Special Clearing on March 31, 2012 for Govt Transactions
RBI directs banks to conduct special evening/night clearings on March 31, 2012, to ensure all government revenue instrum
NBFC-MFI Provisioning Norms Deferred to April 2013
RBI has deferred the asset classification and provisioning norms for NBFC-MFIs from April 1, 2012 to April 1, 2013, resp
MSME-DI Directors to Join District Consultative Committees
RBI directs Lead Banks to invite MSME Development Institute Directors as invitees to DCC meetings in districts with MSME
UAPA Section 51-A: Updated UN Taliban Sanctions List for NBFCs
RBI directs all NBFCs to update their records with the latest UN 1988 Sanctions List (Taliban-linked entities) and scree
RBI Opens RTGS/NEFT Sub-Membership to All Licensed Banks
RBI now allows all licensed banks to join RTGS and NEFT as sub-members via a sponsor bank, removing earlier restrictions
RBI mandates immediate refund of unused travel card balances
RBI now requires issuers of foreign currency prepaid cards to refund unutilized balances immediately upon request, repla
RBI Liberalises Foreign Currency Account Rules for Overseas Direct Investments
Indian parties can now open and maintain Foreign Currency Accounts abroad for overseas direct investments without prior
Export Credit in Foreign Currency: Ceiling Rates Extended to Sep 2012
RBI has extended the existing ceiling rates on export credit in foreign currency and overseas lines of credit for anothe
Trade Credit All-in-Cost Ceiling Extended to Sep 2012
RBI extends the enhanced all-in-cost ceiling for trade credits (6-month LIBOR + 350 bps) until September 30, 2012, to ea
RBI stops selling printed GR forms from July 2012
RBI will stop selling printed GR forms at its regional offices from July 1, 2012. Exporters must download the form onlin
ECB All-in-Cost Ceiling Extended Till Sep 2012
RBI has extended the enhanced all-in-cost ceiling for ECBs for six more months until September 30, 2012. For 3-5 year ma
UCBs Can Now Negotiate Restricted LCs for Non-Borrowers
RBI now allows UCBs to negotiate restricted LCs even if the beneficiary isn't a regular borrower, provided proceeds go t
SLBC Website Standardisation: Minimum Info Mandate
RBI mandates SLBC convenor banks to standardise their websites with a minimum set of information and data, as per an ind
RBI Liberalises Overseas Investment for Resident Individuals
RBI has granted general permission for resident individuals to acquire foreign shares as qualification for directorships
RBI Liberalises Overseas Direct Investment Rules for Indian Parties
RBI has eased overseas investment rules: Indian parties can now create charges on assets, include bank guarantees in fin
Exim Bank's USD 150 mn Line of Credit to EBID for West Africa
RBI notifies AD Category-I banks about Exim Bank's USD 150 million Line of Credit to EBID for financing Indian exports t
PSOs must screen customers against UN Al-Qaida sanctions list
RBI directs all Payment System Operators to update and screen customers against the UN Al-Qaida sanctions list. New acco
UAPA Sanctions: Update UN Taliban List for PSOs
RBI mandates all Payment System Operators to update their records with the latest UN 1988 Sanctions List (Taliban-linked
RBI Updates AML/CFT Standards for Payment System Operators
RBI directs all PSS Act-authorized payment system operators to consider FATF's updated February 2012 statement on AML/CF
Fixed 8% Compensation for Delayed Bond Payments
RBI mandates agency banks to compensate Relief/Savings bond investors at a fixed 8% per annum for delayed interest or ma
Rupee Value of Special Currency Basket Revised to Rs. 70.965327 (Revision on March 7, 2012, Effective March 13, 2012)
RBI has revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile U
AD Category-II: Forex Prepaid Cards & Nostro Accounts
RBI now permits AD Category-II entities to issue forex prepaid cards for residents travelling abroad and to open Nostro
NBFCs Must Update UN Taliban Sanctions List
RBI directs all NBFCs to update their records with the latest UN 1988 Sanctions List (Taliban-linked individuals/entitie
RBI Updates NBFCs on FATF AML/CFT Jurisdiction Risks
RBI directs NBFCs/RNBCs to review FATF's updated February 2012 statement on AML/CFT deficiencies in certain jurisdiction
NBFCs Must Update Al-Qaida Sanctions List for UAPA Compliance
RBI directs all NBFCs to update their records with the latest UN Al-Qaida Sanctions List. Before opening new accounts, c
RBI Revamps Gold Import Reporting for AD Banks
RBI has replaced the monthly gold import statement with two new formats: a half-yearly statement (March/September) and a
PPF and SCSS Interest Rate Hike for FY 2012-13
RBI notifies banks that PPF rate rises from 8.6% to 8.8% p.a. and SCSS rate from 9.0% to 9.3% p.a., effective April 1, 2
RBI Tightens AML/CFT Checks on Cross-Border Remittances via MTSS
RBI directs Indian Agents under MTSS to factor in FATF's February 2012 statement on AML/CFT deficiencies in certain juri
RBI Alert: FATF Statement on AML/CFT Risks – Money Changing Activities
RBI directs authorised persons to consider FATF's February 16, 2012 statement on AML/CFT deficiencies in certain jurisdi
KYC Update: New Documents for Proprietary Concern Accounts
RBI adds complete Income Tax return and utility bills (electricity, water, landline) to the indicative KYC document list
Repo Rate Cut: Standing Liquidity Facilities Cheaper by 50 bps
RBI cut the repo rate by 50 bps to 8.00% effective April 17, 2012. Standing liquidity facilities for banks (export credi
UAPA Section 51-A: Update Al-Qaida Sanctions List for RRBs & Co-op Banks
RBI directs State/Central Co-operative Banks and RRBs to update their UN Al-Qaida sanctions list per new UNSC changes, s
RBI Cuts Repo Rate by 50 bps, Expands MSF Borrowing Limit
RBI reduced the repo rate by 50 bps to 8.00% effective immediately. The reverse repo rate adjusted to 7.00% and MSF rate
UAPA Sanctions List Update: Al-Qaida Designations
RBI directs banks to update UN Al-Qaida sanctions list, screen new and existing accounts, and freeze assets of designate
UAPA Sanctions List Update for RRBs and Co-op Banks
RBI directs RRBs and cooperative banks to update UN Al-Qaida sanctions list, screen new and existing accounts, and follo
Brickwork Ratings Now Approved for Capital Adequacy Risk Weighting
RBI has added Brickwork Ratings India Pvt. Ltd. as a fifth accredited credit rating agency for risk weighting banks' cla
UAPA Section 51-A: UN Al-Qaida Sanctions List Update
RBI mandates banks to update and screen customers against the latest UN Al-Qaida sanctions list. New accounts must be ch
NEFT Must Be Accepted for Loan Repayments
RBI mandates all banks to accept NEFT credits for loan EMI repayments, ending restrictive practices where only a few ban
ECB Refinancing: Higher All-in-Cost Now Allowed Under Approval Route
RBI now permits borrowers to refinance or reschedule existing ECB at a higher all-in-cost, provided it stays within the
ECB Policy Liberalisation for Power and Toll Projects
RBI has liberalised ECB norms: power firms can refinance up to 40% of fresh ECB for rupee loans, and toll road/highway m
Exim Bank's $15 mn Line of Credit to Togo for Rural Electrification
RBI notifies AD Category-I banks about Exim Bank's USD 15 million Line of Credit to the Government of Togo for financing
Bank Rate Cut to 9%: Penal Rates on Reserve Shortfalls Revised
RBI cut the Bank Rate by 50 bps to 9.00% effective April 17, 2012. Penal interest rates on reserve shortfalls linked to
MICR and IFSC Codes Now Mandatory on Passbooks and Statements
RBI mandates banks to print MICR and IFSC codes on passbooks and account statements, not just cheques. This ensures cust
Bank Rate Cut by 50 bps to 9.00% from April 17, 2012
RBI reduced the Bank Rate by 50 basis points to 9.00% effective April 17, 2012, as per the Monetary Policy Statement 201
UAPA Compliance: Update Al-Qaida Sanctions List for Urban Co-op Banks
RBI directs all Primary (Urban) Co-operative Banks to update their records with the latest UN Al-Qaida Sanctions List, s
ECS Debit Mandate: Banks Must Accept Customer Withdrawal Instructions
RBI mandates banks to accept customer withdrawal of ECS debit mandates without requiring beneficiary approval, treat as
AD Category II: Nostro Account Approval Process
AD Category-II entities can now approach RBI for one-time approval to open and operate Nostro accounts. This expands the
KYC Update: New Documents for Proprietary Concern Accounts
RBI has added two documents to the KYC list for proprietary concern accounts: complete Income Tax return (not just ackno
CIBIL gets RBI registration as credit information company
RBI granted a Certificate of Registration to Credit Information Bureau (India) Limited (CIBIL) on March 5, 2012, allowin
MSF borrowing limit raised to 2% of NDTL
RBI raised the MSF borrowing limit for scheduled commercial banks from 1% to 2% of NDTL, effective April 17, 2012, to pr
Exim Bank's USD 70 Million Line of Credit to Republic of Congo
RBI notifies AD Category-I banks about Exim Bank's USD 70 million Line of Credit to the Republic of Congo for a rural el
NBFCs Must Update UNSCR 1267/1989 Al-Qaida Sanctions List for UAPA Section 51-A Compliance
RBI directs all NBFCs to update their records with the latest UNSCR 1267/1989 Committee's Al-Qaida sanctions list as cir
Basel III Capital Regulations Final Guidelines Issued
RBI issued final Basel III capital guidelines effective January 1, 2013, with full implementation by March 31, 2018. Ban
Exim Bank's USD 80 mn Line of Credit to Burundi for Hydro Project
RBI notifies AD Category-I banks about Exim Bank's USD 80 million Line of Credit to Burundi for the Kabu Hydro Electric
Intra-Bank Account Portability: KYC Once, Transfer Anywhere
RBI mandates that banks must allow customers to transfer accounts between branches without reopening or redoing full KYC
Priority Sector Lending: Housing Loan Limit for RRBs Doubled to Rs 10 Lakh
RBI has raised the per-loan limit from Rs 5 lakh to Rs 10 lakh for bank loans to NHB-approved non-governmental agencies
Bank Rate Cut to 9.00% for Urban Co-op Banks
RBI reduced the Bank Rate by 50 bps to 9.00% effective April 17, 2012, following the Monetary Policy Statement 2012-13.
UCBs Get Higher Housing Loan Limit Under Priority Sector
RBI raised the housing loan cap for UCBs' additional 5% asset exposure from ₹15 lakh to ₹25 lakh per individual, alignin
Priority Sector Lending: Housing Loan Limit Doubled to Rs 10 Lakh
RBI raised the per-loan limit for bank credit to NHB-approved non-governmental agencies for housing from Rs 5 lakh to Rs
ECB for Civil Aviation: Working Capital Now Allowed
RBI now permits scheduled airlines to raise ECB for working capital under approval route, up to USD 1 billion sector-wid
AML/CFT Standards Update for Urban Co-op Banks
RBI directs Primary Urban Co-operative Banks to consider FATF's updated statement (February 16, 2012) on AML/CFT deficie
Mandatory Machine Processing of ₹100+ Notes at All Branches
RBI now requires all bank branches to machine-process ₹100 and higher denomination notes for authenticity before re-circ
FDI in Commodity Exchanges & NBFC Leasing: Key Changes
RBI eased FDI rules for commodity exchanges: FIIs no longer need government approval, only FDI component requires FIPB n
RBI bars FDI via conversion of imported second-hand machinery
RBI has stopped allowing FDI through conversion of imported second-hand machinery into equity shares under the Governmen
RBI Finalises Securitisation Guidelines with Lock-in and Retention Norms
RBI issued final securitisation guidelines on May 7, 2012, mandating a minimum lock-in period and retention criteria for
ECB: Mandatory Bifurcation of Rupee vs Forex Spend at LRN Stage
RBI now requires borrowers to declare how ECB proceeds will be split between foreign currency and rupee expenditure when
UAPA Section 51-A: Update Al-Qaida Sanctions List
RBI mandates banks to update the UN Al-Qaida sanctions list, screen new and existing accounts, and freeze assets of desi
Miscellaneous Remittance Limit Raised to USD 25,000
RBI has raised the documentation-free limit for miscellaneous foreign exchange remittances from USD 5,000 to USD 25,000.
NRO to NRE Fund Transfer Allowed Up to $1 Million
RBI now permits NRIs/PIOs to transfer funds from NRO to NRE accounts up to USD 1 million per financial year, subject to
FCNR(B) Deposit Rates Hiked: Up to 300 bps Over LIBOR
RBI raised FCNR(B) deposit interest ceilings from LIBOR/Swap plus 125 bps to 200 bps (1-3 years) and 300 bps (3-5 years)
RBI Deregulates Interest Rates on Export Credit in Foreign Currency
From May 5, 2012, banks can set their own interest rates on export credit in foreign currency, replacing earlier regulat
Exim Bank's USD 382.37 mn Line of Credit to Sri Lanka
RBI notified AD Category-I banks about Exim Bank's USD 382.37 million Line of Credit to Sri Lanka for railway projects.
Brickwork Ratings added as eligible credit rating agency for IFCs
RBI now permits Infrastructure Finance Companies (IFCs) to obtain the required minimum ‘A’ credit rating from Brickwork
Revised Kisan Credit Card Scheme 2012
RBI issued a revised KCC scheme based on the T.M. Bhasin Working Group recommendations, simplifying and modernizing the
RBI Adds Brickwork Ratings as Approved Agency for NBFC Fixed Deposits
RBI now allows NBFCs to use Brickwork Ratings India Pvt. Ltd. for rating their fixed deposit portfolios, with a minimum
KYC Update: New Documents for Proprietary Concern Accounts
RBI adds Income Tax Return (full) and utility bills to the KYC document list for proprietary concern accounts at Primary
RBI Circular on Transfer of Borrowal Accounts from One Bank to Another (May 2012)
This RBI circular dated May 10, 2012, requires banks to put in place a Board-approved policy for take-over of accounts f
UAPA Section 51-A: Updated Al-Qaida Sanctions List
RBI mandates banks to update and screen customers against the latest UN Al-Qaida sanctions list under UAPA, 1967. New ac
Exim Bank's USD 13 mn Line of Credit to Mozambique
RBI notifies AD Category-I banks of Exim Bank's USD 13 million Line of Credit to Mozambique for a solar module plant. At
PSOs Must Screen Accounts Against Updated Al-Qaida Sanctions List
RBI directs all Payment System Operators to update their records with the latest UN Al-Qaida sanctions list and screen b
EEFC Account: Retention Limit Reduced to 50%
RBI has reduced the EEFC account retention limit from 100% to 50% of forex earnings. Existing balances above 50% must be
RBI Eases Intra-Day Forex Position Limits for AD Banks
RBI has raised the intra-day open position limit for AD Category-I banks to five times their Net Overnight Open Position
FCNR(B) Funds for Rupee Loans: New End-Use Rules
RBI now allows banks to use FCNR(B) deposits for rupee working capital or capital expenditure loans to exporters or corp
Revised Agency Commission for Government Transactions
RBI has revised agency commission rates for banks handling government transactions, effective July 1, 2012. Physical rec
Priority Sector Lending: Housing Loan Limit Doubled to ₹10 Lakh
RBI has doubled the per-dwelling-unit loan ceiling for indirect housing finance via NHB-approved agencies from ₹5 lakh t
Ultra Small Branches for BC Operations: RBI 2012 Guidelines
RBI advises banks to set up Ultra Small Branches (USBs) between base branches and BC locations to support about 8-10 BC
RBI Hikes FCNR(B) Deposit Rates for UCBs
RBI raised FCNR(B) deposit rate ceilings for AD Category-1 UCBs: 1-3 year deposits now LIBOR/Swap plus 200 bps (from 125
EEFC Balance Conversion: Netting Off Clarified
RBI clarifies that the mandatory 50% conversion of EEFC balances to rupees applies only to available balances after nett
UAPA Section 51-A: Update Al-Qaida Sanctions List
RBI mandates banks to update the UN Al-Qaida sanctions list and screen all new and existing accounts against it, ensurin
FDI in NBFC: Operating Leases Excluded from Automatic Route
RBI clarifies that 'operating leases' are not covered under the NBFC activity 'leasing and finance' for 100% FDI via aut
Rupee Value of Special Currency Basket Revised to Rs 73.305676
RBI has revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile U
RBI Advises Banks to Review Percentage-Based Cheque Collection Charges
RBI has advised banks that currently levy collection charges as a percentage of cheque value for outstation and speed cl
Cheque Clearing Guidelines for Non-Clearing House Locations
RBI issued formal guidelines for cheque clearing at locations without a formal clearing house, mandating daily bilateral
UAPA Section 51-A: UN Al-Qaida Sanctions List Update
RBI mandates banks to update and screen against the latest UN Al-Qaida sanctions list under UAPA, 1967. New accounts mus
CIC Guarantees: RBI Clarifies Public Funds & Registration Rules
RBI clarifies that unregistered CICs with assets over Rs.100 crore must not access public funds without obtaining a Cert
UAPA Sanctions List Updates for Urban Co-op Banks
RBI mandates urban co-op banks to update UNSCR 1988 sanctions lists for Taliban-linked entities, screen new and existing
Uniform 50% risk weight for PPP and post-COD infra assets
RBI extended the 50% risk weight benefit, earlier available only to IDF-NBFCs, to all Infrastructure Finance Companies f
UAPA Section 51-A: Update Al-Qaida Sanctions List for RRBs & Co-op Banks
RBI directs RRBs and co-op banks to update their UN Al-Qaida sanctions list with new entries from May 2012. Before openi
KYC Norms for Proprietary Concern Accounts at NBFCs
RBI has specified minimum documents for NBFCs/RNBCs to verify proprietary concerns at account opening. Two documents fro
UAPA Sanctions List Update for Co-op Banks & RRBs
RBI directs all State/Central Co-operative Banks and RRBs to update their records with the latest UNSCR 1988 Taliban san
Co-op Banks Get Freedom to Set Deposit Conversion Policies
RBI now allows State and Central Co-operative Banks to set their own policies for converting term, daily, or recurring d
UAPA Section 51-A: Update Al-Qaida Sanctions List for RRBs & Co-op Banks
RBI directs RRBs and co-op banks to update their UN Al-Qaida sanctions list per new UNSC changes. Before opening account
Rupee Value of Special Currency Basket Revised to Rs. 75.594562
RBI revised the Rupee value of the Special Currency Basket under India-USSR Deferred Payment Protocols to Rs. 75.594562
UAPA Section 51-A: Update Al-Qaida Sanctions List for RRBs & Co-op Banks
RBI mandates all RRBs and co-op banks to update their UNSCR 1267 Al-Qaida sanctions list, screen new accounts against it
UAPA Section 51-A: UN Al-Qaida Sanctions List Update
RBI directs banks to update the UN Al-Qaida sanctions list, screen new and existing accounts against it, and freeze asse
UAPA Section 51-A: UN Taliban Sanctions List Update
RBI mandates banks to update and screen accounts against the UNSCR 1988 Taliban sanctions list. New accounts must be che
UAPA Sanctions List Update for Co-op & RRBs
RBI directs all State/Central Co-operative Banks and RRBs to update their records with the latest UN Al-Qaida sanctions
RBI Mandates KYC Risk Categorization & Profile Updation by March 2013
RBI directs all scheduled commercial banks (excluding RRBs) and local area banks to complete risk categorization and pro
RBI mandates Unique Customer Identification Code for all bank customers
RBI directs all scheduled commercial banks to assign a Unique Customer Identification Code (UCIC) to each customer, star
PSOs must screen accounts against updated UN Al-Qaida sanctions list
RBI directs all Payment System Operators to update their records with the latest UN Al-Qaida sanctions list and screen b
SDS 1975 Interest Rate Revision: 8.6% and 8.8%
RBI notifies two interest rate hikes on Special Deposit Scheme (SDS) 1975 for non-government provident, superannuation,
RBI Tightens Rules on Unclaimed Deposits and Inoperative Accounts
RBI mandates banks to adopt a Board-approved policy for unclaimed deposits, display accounts inactive for 10+ years on w
RBI Overhauls Financial Literacy Centre Scheme
RBI replaces the FLCC model with a new FLC scheme, mandating centres in all Lead District Manager offices and requiring
RBI Bans Foreclosure Charges on Floating Rate Home Loans
RBI has prohibited banks from levying foreclosure charges or prepayment penalties on floating rate home loans, effective
Bank Rate cut to 9%: SSI refinance rate revised
RBI revised the Bank Rate to 9.00% effective April 17, 2012, and aligned the SSI refinance rate under Section 17(2)(bb)
UAPA Sanctions List Update for Urban Co-op Banks
RBI directs Primary (Urban) Co-operative Banks to update their records with the latest UN Al-Qaida sanctions list and en
UAPA Sanctions List Update for Urban Co-op Banks
RBI directs Primary (Urban) Co-operative Banks to update their UNSCR 1988 sanctions list with new Taliban-linked entries
UAPA Compliance: Update Al-Qaida Sanctions List for Urban Co-op Banks
RBI mandates Primary (Urban) Co-operative Banks to update their records with the latest UN Al-Qaida sanctions list, scre
UNSCR 1929 Compliance for Urban Co-op Banks
RBI directs all Primary Urban Co-operative Banks to cross-check account openings and transactions against the UNSCR 1929
RBI expands FII limits for govt securities and infrastructure debt
RBI raised FII investment limit in government securities from USD 15 billion to USD 20 billion, with a new sub-limit of
UAPA Sanctions List Update for RRBs and Co-op Banks
RBI directs RRBs and cooperative banks to update their UNSCR 1988 sanctions list with new Taliban-linked entries from Ju
RBI Mandates Banking Access for Villages Under 2000 Population
RBI directs SLBCs to prepare a roadmap for banking services in all unbanked villages with population below 2000, focusin
RRBs Banned from Charging Foreclosure Penalty on Floating Rate Home Loans
RBI has prohibited Regional Rural Banks from levying foreclosure charges or prepayment penalties on floating rate home l
ECR Limit Hiked to 50% for Scheduled Banks
RBI raised the Export Credit Refinance (ECR) limit from 15% to 50% of eligible rupee export credit outstanding, effectiv
RBI Bans Foreclosure Charges on Floating Rate Home Loans
RBI has prohibited banks from levying foreclosure charges or prepayment penalties on home loans with floating interest r
RBI Raises Semi-Closed Prepaid Card Limits, Expands Utility Bill Categories
RBI raised the limit for semi-closed prepaid instruments without full KYC from Rs 1,000 to Rs 2,000, and expanded the li
RBI Mandates IT and IS Governance for Banks
RBI directs all scheduled commercial banks (excluding RRBs) to adopt IT and IS governance frameworks, referencing IDRBT'
Unclaimed Deposits: New Board Policy Mandate for RRBs & Co-op Banks
RBI directs RRBs and co-op banks to adopt a Board-approved policy for unclaimed deposits, including classification, grie
UCIC Mandate for Co-op Banks and RRBs
RBI directs all State/Central Co-operative Banks and RRBs to assign a Unique Customer Identification Code (UCIC) to each
KYC/AML Risk Categorization Deadline for RRBs and Co-op Banks
RBI mandates all RRBs, StCBs, and CCBs to complete risk categorization and profile updates for all existing customers by
MTSS: Individual remittance cap raised to 30 per year
RBI has increased the maximum number of inward remittances a single individual can receive under the Money Transfer Serv
ECB Form-83 Rationalised from July 1, 2012
RBI has revised Form-83 for ECB Loan Registration Number (LRN) applications effective July 1, 2012. The new format refle
Interest Subvention on Rupee Export Credit Extended for UCBs
RBI extends 2% interest subvention on rupee export credit for specified sectors from April 1, 2012 to March 31, 2013. UC
ECB Norms Relaxed for Rupee Loan Repayment & Capex
RBI now allows manufacturing and infrastructure companies with consistent forex earnings to use ECB for repaying domesti
CCIL Reporting Platform for OTC FX Derivatives Goes Live July 9
From July 9, 2012, all Category-I AD banks must report inter-bank OTC USD-INR forwards, FX swaps, and FCY-INR options on
RBI expands notional short sale rules for G-Sec HFT portfolios
RBI now permits banks to execute notional short sales from HFT portfolios even if the same security is held in HFT, prov
UAPA Sanctions List Update for Co-op Banks & RRBs
RBI directs all State/Central Co-operative Banks and RRBs to update their records with the latest UN Al-Qaida sanctions
Revised FLA Return Format & E-filing Effective Immediately
RBI has revised the annual Foreign Liabilities and Assets (FLA) return format for Indian companies with FDI or overseas
RBI Allows Non-Banks to Set Up White Label ATMs
RBI now permits non-bank entities to own and operate White Label ATMs (WLAs) in India, aiming to expand ATM reach in Tie
RRBs Must Strengthen IT and IS Governance: RBI Directive
RBI directs all Regional Rural Banks to implement robust IT and Information Security governance frameworks, referencing
RBI Requests RRBs to Open Aadhaar-Enabled Accounts for All Beneficiaries
RBI requests all Regional Rural Banks to open Aadhaar Enabled Bank Accounts (AEBA) for every beneficiary, including thos
Interest Subvention on Rupee Export Credit Extended for FY 2012-13
RBI extends 2% interest subvention on rupee export credit for eight sectors from April 1, 2012 to March 31, 2013. Banks
Update on Al-Qaida Sanctions List Under UAPA Section 51-A
RBI directs banks to update the UN Al-Qaida sanctions list, screen new and existing accounts against it, and follow UAPA
Master Circular on NRI/PIO Property Acquisition (2012)
RBI's 2012 Master Circular consolidates rules for NRIs/PIOs buying immovable property in India (excluding farm/plantatio
Master Circular on Rupee/Foreign Currency Vostro Accounts for Exchange Houses
RBI consolidated guidelines for AD Category-I banks on opening and maintaining Rupee/Foreign Currency Vostro accounts fo
Master Circular on NRO Accounts: Key Instructions for Banks
RBI consolidated all NRO account rules into a single Master Circular (July 2012). It covers eligibility, account types,
CRR on FCNR(B): Switch to RBI Reference Rate from FEDAI Rate
RBI replaces FEDAI indicative rates with its own Reference Rate for converting FCNR(B) deposits into rupee equivalents f
Exim Bank's USD 50 Million Line of Credit to Zambia
RBI notifies AD Category-I banks of Exim Bank's USD 50 million line of credit to Zambia for pre-fabricated health posts.
FDI Sectoral Caps and Conditions Updated for AD Banks
RBI aligned FEMA sectoral FDI norms with the latest Consolidated FDI Policy Circular (1 of 2012). Revised Annex A and B
RBI Caps Debit Card MDR at 0.75%-1% from July 2012
RBI capped debit card MDR at 0.75% for transactions up to Rs 2,000 and 1% for above Rs 2,000, effective July 1, 2012. Th
UAPA Section 51-A: Update Al-Qaida Sanctions List for RRBs and Co-op Banks
RBI directs RRBs and co-op banks to update the UN Al-Qaida sanctions list, screen new accounts against it, and scan exis
RBI phases out Tier-III capital for standalone PDs
RBI has stopped standalone Primary Dealers from raising fresh Tier-III capital via short-term subordinated debt from Jul
UAPA Section 51-A: UN Al-Qaida Sanctions List Update
RBI mandates banks to update and screen customers against the latest UN Al-Qaida sanctions list under UAPA, 1967. New ac
RBI Master Circular on NBFC Fraud Monitoring (2012)
RBI consolidated fraud reporting norms for deposit-taking NBFCs and large NBFCs-ND-SI (asset size ≥₹100 crore). Mandates
NBFC Auditor Report Directions 2008 Updated
RBI consolidated NBFC Auditor Report Directions 2008 as of June 30, 2012. Auditors must submit an additional report to t
Master Circular on Securitisation/Reconstruction Companies (2012)
RBI consolidated all existing instructions for Securitisation Companies (SCs) and Reconstruction Companies (RCs) as of J
SC/RC Management Takeover Guidelines 2010 Updated
RBI updated guidelines for SCs/RCs on changing or taking over borrower management under SARFAESI Act. Key conditions: du
Securitisation and Reconstruction Companies Guidelines 2003 (Updated June 2012)
RBI consolidated its 2003 guidelines for Securitisation and Reconstruction Companies (SCs/RCs) as of June 30, 2012. The
Mortgage Guarantee Companies Investment Directions 2008 (Updated as on June 30, 2012)
RBI consolidated the Mortgage Guarantee Companies Investment Directions 2008 as of June 30, 2012. This circular updates
Mortgage Guarantee Companies Prudential Norms Updated till June 2012
RBI consolidated all prudential norms for Mortgage Guarantee Companies as of June 30, 2012, into a single updated notifi
RBI Updates Mortgage Guarantee Company Guidelines (2008) as of June 2012
RBI consolidated its 2008 Mortgage Guarantee Company Guidelines as amended up to June 30, 2012, into a single updated no
Master Circular on Import of Goods and Services
RBI consolidated all import-related forex rules into one Master Circular for AD Category-I banks, covering advance remit
Master Circular on Compounding of FEMA Contraventions
RBI consolidated rules for voluntarily compounding FEMA contraventions. For quantifiable contraventions, penalty up to t
Master Circular on Remittance Facilities for NRIs/PIOs/Foreign Nationals
RBI consolidated remittance rules for NRIs, PIOs, and foreign nationals under FEMA. Key updates include definitions, cur
Master Circular on Foreign Entity Offices in India
RBI consolidated rules for foreign entities setting up Liaison, Branch, or Project Offices in India under FEMA. Key crit
Master Circular: Guarantees, Co-Acceptances & Letters of Credit for UCBs
RBI consolidated all guidelines on guarantees, co-acceptances, and letters of credit for Primary Urban Co-operative Bank
Priority Sector Lending Master Circular for UCBs (2012)
RBI consolidated priority sector lending norms for Urban Co-operative Banks as of July 2012. Key categories include agri
Master Circular on Board of Directors for UCBs
RBI consolidated all guidelines on UCB board composition, roles, and responsibilities as of June 30, 2012. Key updates i
RBI Master Circular: Interest Rates on Rupee Deposits for Urban Co-op Banks
RBI consolidated all instructions on interest rates for rupee deposits at Primary (Urban) Co-operative Banks as of June
RBI Master Circular on Exposure Norms for FIs (2012)
RBI consolidated exposure norms for Exim Bank, NABARD, NHB, and SIDBI, capping single borrower exposure at 15% of capita
Disclosure Norms for Financial Institutions
RBI consolidated disclosure norms for Exim Bank, NABARD, NHB, and SIDBI, effective from FY 2000-01. These require unifor
RBI Master Circular on Resource Raising Norms for FIs (2012) - RBI/2012-13/46
RBI consolidated resource raising norms for Exim Bank, NABARD, NHB, and SIDBI into a single master circular as of July 2
FCRA 2010 Guidelines for Banks: RBI Master Circular
RBI issued a master circular consolidating guidelines under FCRA 2010, replacing the 1976 Act. Banks must ensure complia
Master Circular on Wilful Defaulters 2012
RBI consolidated all wilful defaulter guidelines into one master circular. Banks must report defaults of ₹25 lakh and ab
RBI Master Circular on NBFC Corporate Governance
RBI consolidated all corporate governance instructions for NBFCs as of June 30, 2012. Key mandates: Audit Committee for
Master Circular: NBFC Entry into Insurance, Credit Cards & Mutual Fund Distribution
RBI consolidated all instructions on NBFCs entering insurance, issuing credit cards, and distributing mutual funds as of
Master Circular on SHG-Bank Linkage Programme
RBI issued a Master Circular consolidating all guidelines on SHG-Bank Linkage Programme up to June 30, 2012, emphasizing
Master Circular: Natural Calamity Relief Guidelines for Banks
RBI consolidated its 2012-13 guidelines for banks on relief measures in natural calamity areas. Banks must have standing
Priority Sector Lending Master Circular for RRBs
RBI consolidated all priority sector lending instructions for RRBs into a single Master Circular as of June 30, 2012. Ke
Master Circular: Note and Coin Exchange Facilities for Banks
RBI consolidated instructions on note/coin exchange at all bank branches, including soiled/mutilated notes. Designated b
Master Circular on Fraud Classification and Reporting for UCBs
RBI consolidated fraud reporting norms for Primary Urban Co-operative Banks as of July 2012. Frauds must be classified b
Master Circular on Nomination for Relief/Savings Bonds
RBI consolidated all nomination rules for Relief/Savings Bonds into one master circular. Investors can nominate one or m
Master Circular on Brokers for Relief/Savings Bonds
RBI consolidated all instructions on appointment, delisting, and brokerage for Relief/Savings Bonds brokers. Key points:
FCNR(B) Deposit Master Circular 2012: Key Updates
RBI issued a consolidated Master Circular on FCNR(B) deposits, updating previous instructions up to June 30, 2012. All s
Master Circular on CRR and SLR for SCBs (July 2012)
RBI consolidated all CRR/SLR instructions for Scheduled Commercial Banks (excluding RRBs) as of June 30, 2012. The CRR r
Master Circular on Credit Card Operations for Banks
RBI consolidated all credit card guidelines into a single master circular, effective July 2, 2012. Banks and NBFCs must
Master Circular on Interest Rates on Advances – July 2012
RBI consolidated all instructions on interest rates for advances into a single master circular, effective July 2, 2012.
Master Circular: Housing Finance for Urban Co-op Banks
RBI consolidated housing finance guidelines for UCBs as of July 2012, covering eligible borrowers, loan terms, and prior
KYC/AML Master Circular: Combating Financing of Terrorism
RBI consolidated all KYC/AML/CFT instructions up to June 30, 2012 into one master circular. Banks must follow customer i
Master Circular on Financial Statement Disclosures – Notes to Accounts
RBI updated its master circular on disclosures in financial statements' Notes to Accounts, consolidating instructions is
Master Circular: Prudential Norms for Bank Investment Portfolios (2012)
RBI consolidated and updated its 2011 master circular on investment portfolio norms, covering classification (HTM, AFS,
RBI Master Circular on Prudential Norms for Advances (2012)
RBI consolidated all income recognition, asset classification, and provisioning norms for advances into a single master
Master Circular: Priority Sector Credit for Minority Communities
RBI consolidated all prior instructions on credit to minority communities into a single Master Circular. Banks must ensu
Master Circular on Foreign Investment in India (2012-13)
RBI consolidated all foreign investment rules—FDI, FII, NRI, venture capital—into one master circular effective July 2,
Master Circular on Export of Goods and Services (2012)
RBI consolidated all export-related FEMA instructions into a single Master Circular (No. 14/2012-13) for Category-I AD b
Master Circular on ECB and Trade Credits (2012-13)
RBI consolidated all ECB and trade credit rules into one master circular effective July 2, 2012, covering automatic and
Master Circular on Direct Investment Abroad by Residents
RBI consolidated rules for residents investing in overseas JVs/WOS under FEMA. Covers automatic route, funding methods,
Master Circular on Money Changing Activities (2012-13)
RBI consolidated all money changing rules into one Master Circular (No.10/2012-13) for Authorised Persons. It covers lic
Master Circular on Miscellaneous Remittances for Residents
RBI consolidated rules for resident remittances under FEMA, covering medical, travel, and business visits. Authorised de
Master Circular on Risk Management and Inter-Bank Dealings (2012)
RBI consolidated rules on forex hedging, inter-bank dealings, and NRI accounts into one master circular with a one-year
Master Circular on Exposure Norms – July 2012
RBI consolidated all exposure norms for scheduled commercial banks (excluding RRBs) into a single master circular, updat
Master Circular: Prudential Norms on Capital Adequacy for UCBs (2012)
RBI consolidated all capital adequacy instructions for Urban Co-operative Banks (UCBs) as of June 30, 2012. Key norms in
IRAC Norms Master Circular for Urban Co-op Banks (2012)
RBI consolidated all income recognition, asset classification, and provisioning norms for Primary (Urban) Co-operative B
Master Circular on Advances Management for UCBs
RBI consolidated all advance management guidelines for Urban Co-operative Banks (UCBs) into a single master circular as
Master Circular on Urban Co-op Bank Branch & ATM Policy
RBI consolidated all instructions on area of operation, branch authorisation, extension counters, ATMs, and office shift
KYC/AML/CFT Master Circular for Urban Co-op Banks
RBI consolidated KYC/AML/CFT norms for Primary Urban Co-operative Banks under PMLA 2002. Banks must have Board-approved
Master Circular on Deposit Accounts for Urban Co-op Banks
RBI consolidated all deposit account guidelines for Primary (Urban) Co-operative Banks as of June 30, 2012, covering acc
Master Circular: CRR & SLR for Urban Co-op Banks (2012)
RBI consolidated all CRR and SLR rules for Primary Urban Co-operative Banks (UCBs) as of June 30, 2012. Scheduled UCBs f
Master Circular on Investments by Urban Co-operative Banks
RBI consolidated all investment guidelines for Primary Urban Co-operative Banks (UCBs) into a single master circular as
Master Circular on Customer Service in Banks (2012)
RBI consolidated all customer service instructions up to June 30, 2012 into a single Master Circular. Banks must ensure
RBI Master Circular: Investment Portfolio Norms for FIs (2012)
RBI issued a consolidated master circular on prudential norms for classification, valuation, and operation of investment
Master Circular on Self Employment Scheme for Rehabilitation of Manual Scavengers (SRMS)
RBI issued a Master Circular consolidating all existing instructions on SRMS as of June 30, 2012. The scheme, replacing
Master Circular: SJSRY Urban Poverty Alleviation
RBI consolidated all prior instructions on Swarna Jayanti Shahari Rozgar Yojana (SJSRY) into a single Master Circular da
Master Circular on Priority Sector Lending - Special Programmes - Swarnajayanti Gram Swarozgar Yojana (SGSY)
RBI consolidated all prior instructions on Swarnajayanti Gram Swarozgar Yojana (SGSY) into a single Master Circular issu
Branch Licensing Master Circular for RRBs (2012)
RBI updated its Master Circular on branch licensing for Regional Rural Banks (RRBs), consolidating all instructions issu
Fraud Classification and Reporting Master Circular 2012
RBI issued an updated Master Circular on fraud classification and reporting for scheduled commercial banks (excluding RR
Master Circular: Loans & Advances – Statutory & Other Restrictions (2012)
RBI consolidated all statutory and regulatory restrictions on loans and advances as of June 30, 2012. This master circul
Master Circular on Branch Authorisation (2012)
RBI consolidated all branch authorisation rules into a single Master Circular as of July 2012. Banks must follow this fo
Master Circular on Interest Rates for Rupee Deposits (Domestic, NRO, NRE)
RBI consolidated all instructions on interest rates for domestic, NRO, and NRE rupee deposits as of July 2, 2012. This m
Master Circular on Export Credit & Customer Service to Exporters
RBI consolidated all export credit guidelines into a single master circular as of July 2, 2012, covering rupee and forei
Exposure Norms & Restrictions for UCBs: Master Circular 2012
RBI consolidated exposure norms for Urban Co-operative Banks (UCBs) as of July 2012. Key limits: individual borrower exp
Master Circular on Para-Banking Activities (2012)
RBI consolidated all para-banking guidelines for scheduled commercial banks (excluding RRBs) into a single master circul
Master Circular on Guarantees and Co-acceptances 2012
RBI consolidated all guidelines on guarantees and co-acceptances for scheduled commercial banks (excluding RRBs) as of J
Master Circular on Certificates of Deposit (CDs) – 2012
RBI consolidated all CD guidelines into a single master circular. CDs are negotiable money market instruments issued by
Master Circular on Call/Notice Money Market Operations
RBI consolidated all existing call/notice money market guidelines into a single Master Circular. It defines eligible par
Master Circular: Bank Finance to NBFCs (2012)
RBI updated its consolidated guidelines on bank lending to NBFCs, removing the Net Owned Fund-linked ceiling for registe
RBI Master Circular on NBFC Miscellaneous Instructions (2012)
RBI consolidated all miscellaneous instructions for NBFCs issued up to June 30, 2012 into a single master circular. It c
Master Circular: NBFC Returns to RBI
RBI consolidated all NBFC return submission instructions into one master circular effective July 2, 2012. Deposit-taking
RBI Creates NBFC-MFI Category: Master Circular 2012
RBI formalised NBFC-MFIs as a distinct NBFC category with minimum net owned funds of ₹5 crore (₹2 crore for North East),
RBI Master Circular on Core Investment Companies (CICs)
RBI consolidated its regulatory framework for Core Investment Companies (CICs) into a single master circular, effective
Master Circular: Exemptions from RBI Act, 1934 for NBFCs
RBI updated its Master Circular on exemptions from Chapter III-B of the RBI Act, 1934, consolidating instructions as of
NBFC Overseas Investment: RBI Master Circular 2012
RBI mandates NBFCs to obtain prior No Objection from the Department of Non-Banking Supervision (DNBS) via the Regional O
RBI Master Circular on Fair Practices Code for NBFCs (2012)
RBI consolidated all Fair Practices Code instructions for NBFCs/RNBCs into a single Master Circular as of July 2, 2012,
RBI Consolidates NBFC-ND-SI Instructions (2012)
RBI consolidated all 2011-12 instructions for systemically important non-deposit-taking NBFCs (NBFC-ND-SI) into a single
Master Circular: Priority Sector Credit for SC/ST
RBI consolidated all prior instructions on credit facilities for Scheduled Castes and Scheduled Tribes into a single Mas
Master Circular on Export Credit Refinance Facility
RBI consolidated export credit refinance (ECR) guidelines as of June 30, 2012. Key change: refinance limit raised from 1
Master Circular: Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF)
RBI issued an updated Master Circular consolidating all prudential guidelines on capital adequacy and market discipline
Master Circular on Commercial Paper Guidelines
RBI consolidated all CP guidelines into a master circular. Key rules: minimum tangible net worth Rs.4 crore, minimum rat
CRR on FCNR(B): RRBs to Use RBI Reference Rate
RBI directs RRBs to use the RBI Reference Rate (12:30 pm) instead of FEDAI indicative rates for converting FCNR(B) depos
NBFC Prudential Norms Consolidated as of June 2012
RBI consolidated all prudential norms for deposit-taking NBFCs and RNBCs into a single updated notification as of June 3
NBFC Prudential Norms Update: July 2012
RBI consolidated the 2007 prudential norms for non-deposit taking NBFCs as of June 30, 2012. The circular updates asset
NBFC Public Deposit Directions Updated as of June 30, 2012
RBI consolidated all current instructions on NBFC public deposit acceptance into a single updated notification as of Jun
Master Circular on Priority Sector Lending (2012)
RBI consolidated all priority sector lending guidelines into a single Master Circular as of July 2, 2012, covering targe
Miscellaneous NBFC Directions 1977 Updated as on June 30, 2012
RBI consolidated the 1977 Directions for Miscellaneous Non-Banking Companies as on June 30, 2012. This is a compilation
RBI Master Circular on KYC/AML for NBFCs (2012)
RBI consolidated all KYC/AML/CFT guidelines for NBFCs into a single Master Circular as of July 2, 2012, covering custome
Penal Interest on Currency Chest Reporting Errors
RBI mandates penal interest for delayed, wrong, or non-reporting of currency chest transactions via ICCOMS by 9 PM (ches
RBI Revises Agency Commission for Government Business
RBI has revised agency commission rates for banks handling government transactions, effective July 1, 2012. Physical rec
NBFCs must update UN Al-Qaida sanctions list for KYC compliance
RBI directs all NBFCs to update their records with the latest UN Al-Qaida sanctions list. Before opening new accounts, v
Revised Dividend Declaration Norms for UCBs
RBI has relaxed dividend declaration rules for UCBs: banks meeting all five criteria (CRAR, net NPA <5%, no CRR/SLR defa
FCCB Buyback Scheme Extended with Modifications
RBI extends the buyback scheme for Foreign Currency Convertible Bonds (FCCBs) with a mandatory minimum discount of 5% on
UAPA Section 51-A: UNSCR 1988 Sanctions List Update
RBI directs banks to update the UNSCR 1988 sanctions list for Taliban-linked entities, screen new and existing accounts,
UAPA Sanctions List Update: Al-Qaida Designations
RBI mandates banks to update and screen against the UN's Al-Qaida Sanctions List under UAPA, 1967. All new and existing
RBI Extends Debit Card MDR Deadline to Sept 2012
RBI has extended the deadline for implementing the new Merchant Discount Rate (MDR) structure for debit card transaction
Master Circular: Capital Adequacy for Standalone Primary Dealers
RBI consolidated capital adequacy and risk management guidelines for standalone Primary Dealers (PDs) into a single Mast
Master Circular on Use of Hindi in Public Sector Banks (2012)
RBI updated its master circular on Hindi use in public sector banks, consolidating instructions issued up to June 30, 20
Master Circular: Pension Disbursement by Agency Banks (2012)
RBI consolidated all instructions on government pension disbursement by agency banks into a single master circular as of
Master Circular on MSME Lending – Key Updates for Banks
RBI consolidated all MSME lending guidelines up to June 30, 2012 into a single master circular. It adopts the MSMED Act
Master Circular on Counterfeit Note Detection and Impounding
RBI consolidated instructions on detecting and impounding counterfeit notes. All bank branches and treasuries must stamp
Master Circular on Direct Tax Collection via OLTAS
RBI updated its master circular on direct tax collection through OLTAS, consolidating instructions issued up to June 201
Non-Resident Deposit Reporting: Hard Copy No Longer Needed for Most Banks
RBI has discontinued the requirement for most banks to send hard copies of Stat 5 and Stat 8 returns on non-resident dep
NBFCs Must Update Al-Qaida Sanctions List for UAPA Compliance
RBI mandates all NBFCs to update their records with the latest UN Al-Qaida sanctions list. Before opening new accounts,
UAPA Section 51-A: NBFCs Must Update UN Taliban Sanctions List
RBI directs all NBFCs to update their records with the latest UNSCR 1988 sanctions list changes (March-June 2012). Befor
RBI eases rules for switching AD banks on hedge rollovers
RBI now allows residents to cancel and rebook forward contracts with a different AD Category I bank on maturity for all
UAPA Sanctions List Update for Co-op & RRBs
RBI mandates all State/Central Co-operative Banks and RRBs to update their records with the latest UNSCR 1988 Taliban sa
Intra-Bank Account Portability: No Fresh KYC for Branch Transfers
RBI directs urban co-operative banks to allow customers to transfer deposit accounts between branches without opening fr
RBI Eases Head Office Debit Balance Rules for Foreign Banks
RBI now allows foreign banks to place funds with Head Office/overseas branches up to 10% of minimum CRAR without capital
UAPA Sanctions List Update for Payment System Operators
RBI directs all PSOs to update UNSCR 1988 sanctions list, screen new and existing accounts against Taliban-linked indivi
Rupee Value of Special Currency Basket Revised to Rs 78.19
RBI revised the Rupee value of the Special Currency Basket under Deferred Payment Protocols with the erstwhile USSR to R
UAPA Sanctions: PSOs Must Update Al-Qaida Lists
RBI mandates all payment system operators to update UN Al-Qaida sanctions lists, screen new and existing accounts, and f
UAPA Sanctions List Update for Urban Co-op Banks
RBI directs all Primary Urban Co-operative Banks to update the UNSCR 1988 sanctions list, screen new and existing accoun
UAPA Compliance: Updated Al-Qaida Sanctions List for Urban Co-op Banks
RBI has directed all Primary (Urban) Co-operative Banks to update their records with the latest UN Al-Qaida sanctions li
RBI Issues NBFC-Factor Directions Under Factoring Regulation Act, 2011
RBI has created a new NBFC category—NBFC-Factor—under the Factoring Regulation Act, 2011. These entities must register w
RBI Eases Rules on Partial Termination of Derivative Contracts
RBI now allows banks to reduce notional exposure on derivative contracts without treating it as restructuring, provided
Priority Sector Lending Targets and Classification Revised
RBI revised priority sector lending guidelines effective July 20, 2012, based on the M V Nair Committee report. Banks mu
FCNR(B) Staff Interest Rate Benefit Withdrawn
RBI has withdrawn the discretion allowing banks to pay an additional 1% interest on FCNR(B) deposits to staff members. N
RBI withdraws staff interest rate benefit on NRE/NRO deposits
RBI has withdrawn the discretion allowing banks to offer an additional 1% interest rate to staff members on NRE and NRO
EEFC Account Circular Not Applicable to RFC Accounts
RBI clarifies that the May 10, 2012 circular on Exchange Earner's Foreign Currency (EEFC) accounts does not apply to Res
QFIs Allowed to Invest in Indian Corporate Debt Securities
RBI now permits Qualified Foreign Investors (QFIs) to invest in Indian corporate debt securities, including listed NCDs,
RBI allows brokers for same-day sale of primary issue securities
RBI now permits market participants to use brokers for selling securities allotted in primary issues on the same day, re
NEFT Customer Charges Rationalised by RBI
RBI capped NEFT customer charges from August 1, 2012: ₹2.50 for up to ₹10,000, ₹5 for ₹10,001–₹1 lakh, ₹15 for ₹1–2 lakh
UAPA Section 51-A: Update Al-Qaida Sanctions List for RRBs & Co-op Banks
RBI directs RRBs and co-op banks to update the UN Al-Qaida sanctions list, screen new and existing accounts, and freeze
Revised A-2 Form for Remittance Purpose Codes
RBI has revised the purpose codes in Form A-2 for remittances abroad, aligning them with updated R-Return codes. ADs mus
FEMA Compounding: When a Suo Moto Application Blocks 'Technical' Tag
Once an entity files a suo moto compounding application admitting a FEMA contravention, RBI will no longer treat it as '
RBI eases hedging rules for exporters and banks' NOOPL
RBI now allows exporters to cancel and rebook up to 25% of forward contracts booked in a financial year for hedging expo
EEFC, DDA & RFC Account Guidelines Revised – 100% Credit of Foreign Exchange Earnings Restored
RBI has restored 100% retention of export earnings in EEFC accounts, reversing the earlier 50% cap. However, total accru
SLR Reduced from 24% to 23% of NDTL Effective August 11, 2012
RBI cut the Statutory Liquidity Ratio (SLR) for scheduled commercial banks by 1 percentage point to 23% of NDTL, effecti
RRBs Can No Longer Offer Extra Interest on Staff FCNR (B) Deposits
RBI has withdrawn the discretion allowing RRBs to pay an additional 1% interest on FCNR (B) deposits to staff members, e
RRBs Barred from Extra Interest on NRE/NRO Staff Deposits
RBI has withdrawn the discretion given to Regional Rural Banks to offer an additional 1% interest rate on NRE/NRO deposi
FATF AML/CFT Update for RRBs and Co-op Banks
RBI directs RRBs and co-operative banks to review FATF's June 2012 update on high-risk jurisdictions. Banks must conside
FATF Updates on High-Risk Jurisdictions: AML/CFT Compliance
RBI directs banks to review FATF's June 2012 update on jurisdictions with AML/CFT deficiencies. Banks must consider the
NBFCs Must Complete KYC Risk Categorisation by March 2013
RBI mandates all NBFCs to complete risk categorisation and profile updates for all existing customers by end-March 2013,
Exim Bank's USD 47 mn Line of Credit to Ethiopia for Sugar Industry
RBI notifies AD Category-I banks about Exim Bank's USD 47 million Line of Credit to Ethiopia for financing Indian export
Exim Bank's USD 250 mn Line of Credit to Nepal
RBI notifies AD Category-I banks about Exim Bank's USD 250 million Line of Credit to Nepal for infrastructure projects.
RBI mandates compensation for delayed local cheque clearance
RBI now requires banks to include compensation for delayed clearance of local cheques in their Cheque Collection Policy,
Basic Savings Bank Deposit Account Guidelines
RBI replaces 'no-frills' accounts with 'Basic Savings Bank Deposit Account' (BSBDA) from August 10, 2012. Key features:
RBI mandates 'payable at par' cheques for all CBS bank customers
RBI directs all CBS-enabled banks to issue only 'payable at par' or 'multi-city' CTS-2010 standard cheques to all eligib
Revised Kisan Credit Card Scheme – Key Changes
RBI has modified the KCC scheme: repayment period is now based on crop harvesting/marketing, not a fixed 12-month limit.
NBFC-MFI Directions Modified: Capital, Qualifying Assets & More
RBI eased NBFC-MFI norms on capital, qualifying assets, and loan purposes. Existing NBFCs get staggered NOF targets; inc
AML/CFT Standards Update for Urban Co-op Banks
RBI directs Primary Urban Co-operative Banks to consider FATF's June 2012 updated statement on AML/CFT compliance and hi
RRB SLR Reduced to 23% from August 11, 2012
RBI cut the SLR for Regional Rural Banks from 24% to 23% of NDTL, effective fortnight starting August 11, 2012. This fre
RRBs Get Auto-Route for Tier 2 Branch Openings
RBI now allows Regional Rural Banks to open branches in Tier 2 centres (population 50,000-99,999) without prior approval
RRB Branch Licensing: RBI Delegates Powers to Regional Offices
RBI has delegated powers to its Regional Offices to decide on RRB branch applications (opening, shifting, merger, conver
RBI mandates financial literacy cells for MSE borrowers
RBI directs banks to proactively provide financial literacy and consultancy support to MSE clients, citing 92% financial
RBI Ends IBA's Role in Prescribing Out-of-Pocket Expenses for Banks
RBI has decided to discontinue the practice of IBA prescribing out-of-pocket expenses for member banks. Individual banks
NBFC Off-Balance Sheet Capital Adequacy: Clarifications on Undrawn Facilities
RBI clarifies that undrawn portions of fund-based facilities for NBFCs must be treated based on drawdown stages, not tot
Limited Two-Way Fungibility for IDRs Allowed
RBI now permits limited two-way fungibility for Indian Depository Receipts (IDRs), similar to ADRs/GDRs. Re-issuance is
RBI Advises Co-operative Banks to Minimize Deposit Rate Variations
RBI directs state and central co-operative banks to minimize interest rate differences between deposits of ₹15 lakh and
RRBs/Co-op Banks: No Double Signatures Needed for Matured Deposits with Survivor Mandate
RBI clarifies that for fixed deposits with 'Either or Survivor' or 'Former or Survivor' mandate, banks cannot insist on
RBI Updates AML/CFT Rules for Cross-Border Remittances Under MTSS
RBI directs Indian agents under MTSS to factor in FATF's June 2012 statement on AML/CFT deficiencies in certain jurisdic
RBI Updates AML/CFT Guidance for Money Changers
RBI directs authorised persons to factor in FATF's June 2012 statement on AML/CFT risks from certain jurisdictions when
Basic Savings Bank Deposit Account Guidelines for RRBs and Co-op Banks
RBI replaces 'no-frills' accounts with 'Basic Savings Bank Deposit Account' for RRBs and co-op banks. Key features: zero
RBI Rationalises ODI Form: APR Submission Now Mandatory
RBI has revised Form ODI Part I to mandate that Indian parties confirm submission of Annual Performance Reports (APR) fo
RBI Replaces 'No-Frills' Accounts with Basic Savings Bank Deposit Account for UCBs
RBI directs Urban Co-operative Banks to replace 'no-frills' accounts with 'Basic Savings Bank Deposit Account' (BSBDA) o
Premature Withdrawal of Joint Term Deposits on Death of One Holder
RBI permits banks to allow surviving joint depositors to prematurely withdraw term deposits without penalty, provided a
RBI Cracks Down on Wide Deposit Rate Variations
RBI directs banks to minimize interest rate gaps between bulk deposits (₹15 lakh+) and retail deposits of similar tenors
Exim Bank's USD 40.32 mn Line of Credit to Chad
RBI notifies AD Category-I banks of Exim Bank's USD 40.32 million Line of Credit to Chad for four projects. At least 75%
RBI Extends Trade Credit Tenure for Infrastructure Sector Capital Goods Imports
RBI now allows infrastructure companies to avail trade credit up to five years for importing capital goods, up from the
Govt-guaranteed bonds exempt from PD exposure limits
RBI exempts bonds fully guaranteed by Government of India from single/group borrower exposure limits for standalone Prim
UAPA Compliance: Update Al-Qaida Sanctions List for RRBs and Co-op Banks
RBI directs RRBs and co-op banks to update their UN Al-Qaida sanctions list using new government inputs, screen new and
Exim Bank's $20 mn Line of Credit to Central African Republic
RBI notifies AD Category-I banks about Exim Bank's USD 20 million Line of Credit to the Government of the Central Africa
RBI Allows QFIs to Hedge Currency Risk on Investments
RBI now permits Qualified Foreign Investors (QFIs) to hedge currency risk on their equity and debt investments in India
UAPA Sanctions List Update for Co-op Banks & RRBs
RBI directs StCBs, DCCBs, and RRBs to update the UNSCR 1988 (2011) sanctions list for Taliban-linked individuals/entitie
RBI Clarifies Capital Infusion for White Label ATM Applicants
Non-bank entities can infuse capital after balance sheet audit to meet the Rs 100 crore net worth criterion for White La
UAPA Section 51-A: Update Al-Qaida Sanctions List Now
RBI mandates banks to update and screen against the latest UN Al-Qaida sanctions list under UAPA, 1967. Freeze accounts
UAPA Sanctions List Update: Taliban-Linked Entities (Aug 2012)
RBI mandates banks to update and screen against the UN 1988 Sanctions List for Taliban-linked individuals/entities. New
UCBs: Premature FD Withdrawal by Survivor Joint Holder – Clarification
RBI clarifies that UCBs can allow premature withdrawal of term deposits by a surviving joint holder only if a joint mand
Non-Resident Guarantees for Non-Fund Based Facilities Between Residents
RBI now permits non-resident guarantees for non-fund based facilities (LCs, guarantees, LoUs, LoCs) between two resident
Cost Reduction Structures for FCNR(B) Loans Hedging
RBI now permits cost reduction structures (cross currency and INR options) for hedging FX risk on rupee loans from FCNR(
Overseas Direct Investments: APR Submission Rationalised
RBI has rationalised APR submission for overseas JVs/WOSs. Indian parties must now submit Form ODI Part III annually by
ECB Bridge Finance for Infrastructure: Automatic Route Refinancing Allowed
RBI now allows infrastructure companies to refinance short-term bridge finance (buyers'/suppliers' credit) for capital g
ECB Scheme: Higher Limits for Rupee Loan Repayment & Capex
RBI has enhanced the maximum ECB limit under the USD 10 billion scheme to 75% of average forex earnings or 50% of the hi
Bank Finance to Factoring Companies: Updated Norms
RBI has revised eligibility criteria for banks lending to factoring companies. Now, such companies must comply with the
RBI Allows Indian Overseas Investment in Pakistan Under Approval Route
RBI has permitted Indian parties to invest directly in Pakistan, but only after obtaining prior approval from RBI under
FINnet Gateway Test Mode for AML Reports
RBI directs all scheduled commercial banks (excluding RRBs), local area banks, and all-India FIs to start uploading AML
UAPA Compliance: Update Al-Qaida Sanctions List for NBFCs
RBI directs all NBFCs to update their records with the latest UN Al-Qaida sanctions list (as of June-July 2012) and scre
PSOs must update Al-Qaida sanctions list for new and existing accounts
RBI mandates all Payment System Operators to update the UN Al-Qaida sanctions list, screen new customers against it, and
RBI Updates AML/CFT Standards for Payment Operators
RBI directs all PSS Act-authorized payment system operators to review FATF's June 2012 updated AML/CFT statement and com
RBI Cracks Down on Wide Deposit Rate Variations for UCBs
RBI directs Urban Co-operative Banks to minimize interest rate differences between bulk deposits (₹15 lakh+) and retail
CTS-2010 Cheque Migration: Final Deadline & Compliance
RBI mandates all banks to issue only CTS-2010 standard cheques by September 30, 2012, withdraw non-CTS cheques by Decemb
CRR cut for Urban Co-op Banks by 25 bps to 4.50%
RBI reduced CRR for Scheduled Primary Urban Co-operative Banks by 25 bps from 4.75% to 4.50% of NDTL, effective fortnigh
Foreign Entities' Office Setup in India: RBI Clarifies Approval Routes
RBI clarifies that foreign NGOs, non-profits, and government bodies must seek prior RBI approval to set up any office in
RBI Updates NBFCs on FATF AML/CFT Jurisdiction Risks
RBI directs NBFCs/RNBCs to review FATF's June 2012 statement on AML/CFT deficiencies in certain jurisdictions. Firms mus
CRR Reduced by 25 bps to 4.50% from Sept 22, 2012
RBI cut CRR by 25 bps to 4.50% of NDTL effective fortnight starting Sept 22, 2012. This frees up bank liquidity, support
RBI Mandates Robust NPA Early Warning & Granular Data Systems
RBI directs all scheduled commercial banks (excluding RRBs) to upgrade IT/MIS for early distress detection at account an
RBI Defines NBFC-Factor: New Prudential Norms
RBI has formally defined 'NBFC-Factor' as an NBFC with ≥75% factoring assets and income, requiring a Factoring Regulatio
KYC/AML/CFT: Risk Categorization & Profile Updation for UCBs
RBI mandates Primary Urban Co-operative Banks to complete risk categorization and customer profile updation for all exis
SMERA Added as Eligible Credit Rating Agency for NCAF
RBI now allows banks to use SMERA ratings for risk weighting claims under Basel II's Standardised Approach, adding to th
RBI Eases UCB Restructuring: Deposit Conversion Allowed Even If Net Worth Stays Negative
RBI now permits UCBs to convert deposits into equity or IPDI even if net worth remains negative post-conversion, provide
FDI Pricing: Shares at Face Value via MoA Subscription
RBI now allows non-residents (including NRIs) to subscribe to an Indian company's Memorandum of Association at face valu
New Reporting for Foreign Entities' LO/BO/PO in India
RBI now requires all new and existing LO/BO/PO of foreign entities to submit an Annex report to the state DGP within fiv
OTC Money Market Reporting Moves to NDS-Call from Nov 2012
From November 1, 2012, all OTC call/notice/term money deals must be reported on NDS-Call instead of NDS. Non-NDS-Call me
Gold Import Trade Credit Capped at 90 Days
RBI has clarified that trade credit for importing gold in any form, including jewellery, cannot exceed 90 days from ship
KYC/AML norms for money changing: payment rules clarified
RBI clarifies that for foreign exchange sales exceeding Rs.50,000, authorised persons must accept payment only via cross
UAPA Sanctions List Update for Primary UCBs
RBI directs Primary UCBs to update UNSCR 1267/1989 Al-Qaida sanctions list, screen new and existing accounts, and follow
FDI Policy Liberalised: Retail, Aviation, Broadcasting & Power Exchanges
RBI has liberalised FDI norms across five sectors: single-brand retail (100%), multi-brand retail (51%), civil aviation
CRR Reduced by 25 bps for StCBs and RRBs
RBI cut CRR for Scheduled State Co-operative Banks and Regional Rural Banks by 25 bps to 4.50% of NDTL, effective Septem
UCBs: Update Al-Qaida Sanctions List Under UAPA
RBI directs all Primary Urban Co-operative Banks to update the UN Al-Qaida sanctions list, screen new and existing accou
1% Interest Subvention on Housing Loans Up to Rs 15 Lakh Extended
RBI extended the 1% interest subvention scheme for housing loans up to Rs 15 lakh (house cost up to Rs 25 lakh) until Ma
RRBs & Co-op Banks: Start FINnet Test Mode for AML Reports
FIU-IND has directed all RRBs and cooperative banks to begin uploading AML/CFT reports in test mode on the FINnet Gatewa
Test Mode Upload of Reports on FINnet Gateway
RBI directs all Authorised Persons to start uploading Cash Transaction Reports and Suspicious Transaction Reports on FIN
UCIC Mandate for Primary Urban Co-operative Banks
RBI directs all Primary (Urban) Co-operative Banks to assign a Unique Customer Identification Code (UCIC) to each custom
RRBs Must Minimize Deposit Rate Variations: RBI
RBI directs RRBs to ensure minimal variation between interest rates on deposits of Rs 15 lakh and above and smaller depo
Rupee Value of Special Currency Basket Revised to Rs.75.037184
RBI revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile USSR
NBFCs Must Update Al-Qaida Sanctions List for UAPA Compliance
RBI directs all NBFCs to update their records with the latest UN Al-Qaida sanctions list. Before opening new accounts, v
NBFCs Must Update UN Taliban Sanctions List
RBI directs all NBFCs to update the UNSCR 1988 sanctions list for Taliban-linked individuals/entities. Before opening ne
RBI Overhauls Prepaid Payment Instrument Rules: New Categories & Escrow Norms
RBI replaces five semi-closed PPI categories with three, based on value limits and KYC levels. Non-bank issuers must cre
SLR Reduced to 23% for Local Area Banks
RBI cut the Statutory Liquidity Ratio (SLR) for Local Area Banks from 25% to 23% of NDTL, effective August 11, 2012. Thi
Interest Subvention on Short-Term Crop Loans for 2012-13
RBI extends 2% interest subvention to PSBs for short-term crop loans up to Rs.3 lakh at 7% p.a. to farmers in 2012-13. P
RBI Extends Interest Rate Cap on Overseas Lines of Credit
RBI has extended the interest rate ceiling on lines of credit with overseas banks to six-month LIBOR/EURO LIBOR/EURIBOR
FINnet Gateway Test Mode for Urban Co-op Banks
RBI directs all Primary Urban Co-operative Banks to start uploading reports in test mode on the FINnet Gateway from Augu
Rupee Value of Special Currency Basket Revised for USSR Deferred Payment Protocols
RBI revised the Rupee value of the Special Currency Basket under India-USSR Deferred Payment Protocols to Rs.78.105433 e
RBI expands OTC FX derivative reporting to CCIL platform
From November 5, 2012, Category-I AD banks must report additional inter-bank OTC FX derivatives on CCIL's platform. This
RBI removes loan cap on NRE/FCNR deposits
RBI has removed the Rs 100 lakh ceiling on rupee and foreign currency loans against NRE/FCNR(B) deposits, allowing banks
FINnet Gateway Test Mode Reporting for Money Transfer Agents (Circular dated October 12, 2012)
RBI, via circular dated October 12, 2012, directs all Authorised Persons (Indian Agents) under Money Transfer Service Sc
NEFT: Mandatory IFSC and Customer Assistance Rules
RBI mandates banks to assist NEFT customers in filling IFSC and branch details, verify matches, and apply maker-checker
FIU-IND FINnet Gateway Go-Live: CD Reports End Oct 20
From October 20, 2012, all scheduled commercial banks and AIFIs must submit AML/CFT reports exclusively via the FINnet g
Lead Bank Responsibilities for Nine New Chhattisgarh Districts
RBI assigned lead bank roles for nine new Chhattisgarh districts created on Jan 1, 2012. SBI gets five districts, Dena B
FDI in NBFCs: Step-down subsidiary rules eased
RBI has relaxed FDI norms for NBFCs with foreign ownership above 75% and up to 100%, allowing them to set up step-down s
ECB All-in-Cost Ceiling Unchanged – Oct 2012
RBI has decided to keep the all-in-cost ceiling for External Commercial Borrowings (ECB) unchanged from the levels set i
Trade Credit Cost Ceiling for Imports Unchanged
RBI has confirmed that the all-in-cost ceiling for trade credits financing imports into India remains unchanged from the
UCBs Must Update UN Taliban Sanctions List
RBI directs all Primary Urban Co-operative Banks to update their records with the latest UNSCR 1988 sanctions list for i
UCBs Must Update UN Al-Qaida Sanctions List
RBI directs all Primary Urban Co-operative Banks to update their records with the latest UNSCR 1267/1989 Al-Qaida sancti
UNSCR 1988 Sanctions List Update for UCBs
RBI directs Primary Urban Co-operative Banks to update their UNSCR 1988 sanctions list with new Taliban-linked entries.
Simplified Softex Procedure Extended to All STPIs
RBI has rolled out the simplified Softex procedure nationwide, allowing large software exporters with annual turnover of
SEZ Services to DTA: Forex Payment Allowed
RBI now allows AD Category-I banks to sell foreign exchange to DTA units for paying SEZ units for services rendered, pro
FIIs Can Now Hedge Currency Risk with Any AD Category I Bank
RBI now allows FIIs to hedge currency risk on their entire equity/debt investment in India through any AD Category I ban
White Label ATM Application Deadline Extended to Dec 31, 2012
RBI has extended the last date for White Label ATM operators to submit authorisation applications from the earlier deadl
PSOs must update UN Taliban sanctions list for account screening
RBI directs all Payment System Operators to update their records with the latest UN 1988 Sanctions List (Taliban-linked
UAPA Sanctions List Compliance for Payment System Operators
RBI mandates all PSOs to update and screen customers against the UN Al-Qaida sanctions list, ensuring no new or existing
SAF for UCBs: Credit-Deposit Ratio & NPA Date Clarified
RBI clarifies that for Supervisory Action Framework monitoring, UCBs must compute Credit-Deposit ratio by adding 75% of
Priority Sector Lending: Key Additions and Amendments
RBI has revised priority sector lending guidelines based on feedback from bankers during the July 31, 2012 interaction a
NBFCs Must Test FINnet Gateway for PMLA Reports
FIU-IND directs all NBFCs to start uploading anti-money laundering reports in test mode on the FINnet Gateway from Augus
RRBs/Co-op Banks: FINnet Gateway Go-Live Oct 20, CD Reports End
FIU-IND has set October 20, 2012 as the go-live date for FINnet Gateway. From that date, all RRBs and State/Central Co-o
UCBs: FINnet Gateway Go-Live on Oct 20, CD Reports End
From October 20, 2012, all Primary (Urban) Co-operative Banks must submit reports only via the FINnet Gateway in XML for
RBI Reiterates Equal Banking Access for Disabled Customers
RBI reminds RRBs to ensure visually challenged and disabled persons get full banking access—cheques, ATMs, net banking,
Revised Guidelines for Rehabilitation of Sick MSEs
RBI revised the definition of sickness for Micro and Small Enterprises (MSEs) to enable early identification and faster
CRR Cut for StCBs/RRBs: 25 bps Reduction
RBI reduced CRR for Scheduled State Co-operative Banks and Regional Rural Banks by 25 bps from 4.50% to 4.25% of NDTL, e
CRR Cut for Urban Co-op Banks: 25 bps Reduction
RBI reduced CRR for Scheduled Urban Co-operative Banks by 25 bps to 4.25% of NDTL, effective November 3, 2012. This free
Scheduled UCBs Allowed for Corporate Debt Repo
RBI now permits scheduled Urban Cooperative Banks to enter ready forward contracts in corporate debt securities, expandi
CRR Cut by 25 bps to 4.25% from Nov 3, 2012
RBI reduced CRR by 25 bps to 4.25% of NDTL effective fortnight starting Nov 3, 2012. This frees up liquidity for banks,
UAPA Sanctions List Update for RRBs and Co-op Banks
RBI requires RRBs, co-op banks, and All India Financial Institutions to update their records with the latest UN 1988 San
UAPA Sanctions List Updates for RRBs and Co-op Banks
RBI directs RRBs and cooperative banks to update their UNSCR 1267/1989 Al-Qaida sanctions list with recent changes from
UAPA Sanctions List Update: Taliban-Linked Entities (Oct 2012)
RBI directs banks to update the UNSCR 1988 sanctions list for Taliban-linked individuals/entities, screen new and existi
UAPA Sanctions List Update: Taliban-Linked Entities (Oct 2012)
RBI mandates banks to update UNSCR 1988 sanctions list for Taliban-linked individuals/entities. Screen all new and exist
UAPA Section 51-A: Update Al-Qaida Sanctions List for Account Screening
RBI mandates banks to update their UNSCR 1267 Al-Qaida sanctions list with changes notified by the Government of India.
J&K Credit Relaxations Extended to March 2014
RBI extends credit concessions for J&K borrowers until March 31, 2014. Banks must continue applying existing relaxations
MTSS Sub-Agent Reporting: Half-Yearly Statement Dropped
RBI has discontinued the half-yearly submission of sub-agent lists by Indian Agents under MTSS. Instead, agents must rep
RBI allows SIDBI to raise ECB for on-lending to MSMEs
RBI has permitted SIDBI to raise External Commercial Borrowings (ECB) for on-lending to the MSME sector. Up to 50% of ow
RRBs must allocate 25% of new branches to unbanked rural centres
RBI mandates RRBs to allocate at least 25% of annual branch openings to unbanked rural (Tier 5 & 6) centres. Prior permi
RBI asks RRBs to boost NEFT awareness among staff and public
RBI has directed Regional Rural Banks to actively promote NEFT awareness among branch staff and walk-in customers, as ma
RRB Branch Licensing: Government Business Norms Updated
RBI amended the master circular on RRB branch licensing, clarifying that RRBs can conduct state government business only
NBFCs Must Replace Non-CTS-2010 Cheques by Dec 31, 2012
RBI mandates all NBFCs to replace non-CTS-2010 compliant post-dated cheques with CTS-2010 standard cheques by December 3
RBI recommends IPv6 migration for banks preferably by Dec 2012
RBI advises all scheduled commercial banks (excluding RRBs) and Local Area Banks to migrate from IPv4 to IPv6 preferably
Fitch Ratings renamed India Ratings for capital adequacy
RBI has updated its list of approved credit rating agencies for capital adequacy purposes, replacing 'Fitch India' with
Banks Allowed to Join Stock Exchanges for Corporate Bond Trading
RBI now permits scheduled commercial banks to become members of SEBI-approved stock exchanges for proprietary corporate
UNSCR 1988 Sanctions List Update for UCBs
RBI directs all Primary Urban Co-operative Banks to update the UNSCR 1988 sanctions list for Taliban-linked entities. Ba
UAPA Sanctions List Updates for Urban Co-op Banks
RBI directs Primary (Urban) Co-operative Banks to update their UNSCR 1267/1989 sanctions list with changes received from
UAPA Sanctions List Update for Urban Co-op Banks
RBI directs all Primary (Urban) Co-operative Banks to update their records with the latest UNSCR 1988 sanctions list, sc
RBI Reiterates Compliance on Branch Premises Lease Norms
RBI reminds banks to strictly follow Board-approved policies for leasing branch premises and ensure locations comply wit
Banks Can Now Open Admin Offices in Tier 1 Centres Without Prior Approval
RBI now allows domestic scheduled commercial banks (excluding RRBs) to open administrative/controlling offices (Regional
Export Proceeds Realisation Period Extended Till March 2013
RBI extends the 12-month export realisation period for goods/software from Oct 1, 2012 to Mar 31, 2013. SEZ units and ov
RBI Harmonises Infrastructure Lending Definition with Govt Master List
RBI aligns its infrastructure lending definition with the Government of India's master list of infrastructure sub-sector
RBI bans bank loans for gold purchase except working capital
RBI has prohibited banks from granting advances for purchase of gold in any form—bullion, jewellery, coins, ETFs, or gol
UAPA Section 51-A: UN Al-Qaida Sanctions List Update
RBI directs banks to update the UN Al-Qaida sanctions list, screen new and existing accounts against it, and freeze asse
RBI Eases KYC Norms for Money Changers
RBI has relaxed KYC document requirements for money changing transactions, allowing FFMCs to accept a wider range of add
RBI Advises Urban Co-op Banks to Migrate to IPv6 Preferably by Dec 2012
RBI has instructed all Primary Urban Co-operative Banks to migrate their payment gateways, websites, and IT systems from
Educational Loan: Service Area Norms Not Applicable
RBI clarifies that service area norms apply only to government-sponsored schemes, not educational loans. Banks cannot re
RBI Cracks Down on Crop Loan Diversion Under Interest Subvention Scheme
RBI warns banks that crop loans under the interest subvention scheme are being diverted to fixed deposits and other inve
RBI advises NBFCs to migrate to IPv6 preferably by December 2012
RBI has advised all NBFCs to complete migration from IPv4 to IPv6 preferably by December 2012, aligning with the Nationa
RRBs Must Migrate to IPv6 by December 2012
RBI advises all Regional Rural Banks to migrate from IPv4 to IPv6 preferably by December 2012, aligning with the Nationa
Nomination Forms: Only Thumb Impressions Need Witnesses
RBI clarifies that under the Co-operative Banks (Nomination) Rules, 1985, only thumb impressions on nomination forms req
LO/BO Reporting to Income Tax: AAC with Audited Statements
RBI now requires LOs/BOs to submit audited financials with the Annual Activity Certificate to DGIT (International Taxati
G-Sec Auction: 8.07% 2017, 8.33% 2026, 8.97% 2030 on Nov 30
RBI will auction three government stocks on Nov 30, 2012: 8.07% G-Sec 2017 (Rs 3,000 cr), 8.33% G-Sec 2026 (Rs 7,000 cr)
RBI eases ECB norms for 2G spectrum auction bidders
RBI has relaxed ECB rules for successful 2G auction bidders, allowing refinancing of rupee loans, bridge finance, and wa
RBI reiterates SC/ST Special Cell mandate for all banks
RBI has reminded all scheduled commercial banks to set up a Special Cell for SC/ST beneficiaries, as required under the
UAPA Section 51-A: Update Al-Qaida Sanctions List for RRBs & Co-op Banks
RBI directs RRBs and co-op banks to update their UNSCR 1267 Al-Qaida sanctions list with new entries from November 15, 2
RBI directs co-op banks to migrate to IPv6 by Dec 2012
RBI has asked all State and District Central Co-operative Banks to migrate their websites, payment gateways, and IT syst
NBFCs Must Update UN Taliban Sanctions List
RBI directs all NBFCs to update their records with the latest UNSCR 1988 Taliban sanctions list (updated Oct 19 & 25, 20
RBI Mandates Strict Info Sharing on Credit & Exposures
RBI orders banks to share credit, derivatives, and unhedged FX exposure data among themselves by end-December 2012. From
RBI pushes banks to expand NECS/RECS branch coverage
RBI has directed banks to bring all CBS-enabled branches under NECS/RECS, prioritizing those already on NEFT. Banks must
RBI Tightens Norms on Unhedged Forex Exposure of Corporates
RBI has reiterated that banks must rigorously evaluate unhedged foreign currency exposure risks of corporates and price
Rupee Value of Special Currency Basket Revised to Rs.75.57
RBI revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile USSR
RBI Grants General Permission for Co-Branded Prepaid Cards
RBI now allows banks to issue rupee-denominated co-branded prepaid cards without prior approval, subject to board-approv
Exim Bank's USD 178 Million Line of Credit to Tanzania
RBI notifies AD Category-I banks about Exim Bank's USD 178.125 million line of credit to Tanzania for water supply proje
RBI Modifies KYC Norms (2012) to Reduce Customer Inconvenience
RBI eases KYC rules: one document can prove both identity and address if address matches; no mandatory introduction need
NBFCs Must Update UN Al-Qaida Sanctions List for UAPA Compliance
RBI directs all NBFCs to update their records with the latest UN Al-Qaida sanctions list. Before opening new accounts, v
Oman International Bank renamed HSBC Bank Oman in RBI Schedule
RBI has officially changed the name of 'Oman International Bank S.A.O.G' to 'HSBC Bank Oman S.A.O.G' in the Second Sched
RBI Revamps NBFC Registration Checklist – Dec 2012
RBI has issued an exhaustive checklist for NBFC registration applications to speed up processing. Five separate checklis
RRBs: Strengthen NPA Early Warning & Data Systems
RBI directs RRBs to upgrade IT/MIS for early distress detection at account and segment levels, ensure data consistency,
RRBs barred from financing gold purchases
RBI has prohibited Regional Rural Banks from granting any advances for purchase of gold in any form—bullion, jewellery,
RBI mandates FIMMDA Code of Conduct for NDS-OM and OTC trades
RBI has directed all SGL/CSGL account holders to follow the FIMMDA Code of Conduct when trading on NDS-OM and OTC market
UCBs: Submit CTS-2010 Compliance Report Immediately
RBI has flagged that some Urban Co-operative Banks have not yet submitted their compliance report confirming migration t
CIC Overseas Investment Directions 2012: Key Changes
RBI issued separate overseas investment directions for Core Investment Companies (CICs), requiring prior approval for fi
Exim Bank's $13M Line of Credit to Togo for Agriculture
RBI notifies AD Category-I banks about Exim Bank's USD 13.095 million Line of Credit to Togo for rice, maize, and sorghu
RBI Relaxes Trade Credit Norms for Infrastructure Sector Imports
RBI has eased the 'abinitio' buyers' credit condition from 15 months to 6 months for existing trade credits in the infra
Trade Credit All-in-Cost Ceiling Extended Till March 2013
RBI has extended the existing all-in-cost ceiling for trade credits on imports until March 31, 2013. No other changes to
CTS-2010 Cheque Migration Deadline Extended to March 31, 2013
RBI extends the deadline for withdrawing non-CTS-2010 cheques and replacing post-dated EMI cheques to March 31, 2013. Af
RRBs: Nomination Rules Clarified – Witness & Joint Accounts
RBI clarifies that only thumb impressions on nomination forms need two witnesses; signatures don't require attestation.
UCBs: Register Equitable Mortgages with CERSAI to Curb Loan Frauds
RBI directs Urban Co-operative Banks to voluntarily register equitable mortgages with CERSAI, a central electronic regis
RBI Simplifies KYC Norms for RRBs and Cooperative Banks
RBI has eased KYC rules for RRBs and cooperative banks: a single document can now serve as both identity and address pro
UAPA Sanctions List Update for RRBs and Co-op Banks
RBI directs RRBs and co-op banks to update their UNSCR 1267 Al-Qaida sanctions list with new entries from November-Decem
NBFCs: Stop Reporting Attempted Frauds Over ₹25 Lakh to RBI
RBI withdraws the requirement for NBFCs to report attempted frauds of ₹25 lakh or more to its Fraud Monitoring Cell. How
RBI Tightens NBFC Fraud Reporting Rules
RBI mandates NBFCs-ND-SI to report frauds of Rs 25 lakh+ to DBS Central Office within three weeks (21 days) via FMR-1, w
FATF AML/CFT Update: New Jurisdiction Risks
RBI circular dated December 12, 2012 directs banks to review FATF's October 19, 2012 update on AML/CFT compliance gaps i
UAPA Sanctions List Updates: Al-Qaida Designations
RBI mandates banks to update Al-Qaida sanctions list from UN, screen new and existing accounts, and freeze assets of des
RBI's 2012 Debit Card Guidelines: Co-branded Cards & Offline Card Phase-Out
RBI issued comprehensive debit card guidelines in December 2012, allowing banks to issue co-branded debit cards without
Exim Bank's USD 250 mn Line of Credit to Mozambique
RBI notified AD Category-I banks about Exim Bank's USD 250 million Line of Credit to Mozambique for power supply project
Exim Bank's $19 mn Line of Credit to Guyana for Hospital
RBI notifies AD Category-I banks about Exim Bank's USD 19 million Line of Credit to Guyana for a multispecialty hospital
Co-op Bank Nomination Forms: Only Thumb Impressions Need Witnesses
RBI clarifies that for nomination forms under the Co-operative Banks (Nomination) Rules, 1985, only thumb impressions re
SDS 1975 Interest Payment for CY 2012
RBI directs banks to pay SDS 1975 interest for CY 2012 at 8.6% p.a. (Jan-Mar) and 8.8% p.a. (Apr-Dec) via ECS/NECS/NEFT/
ECB Rules for MFIs and NGOs Extended, Full Hedging Mandated
RBI has extended existing ECB guidelines for MFIs and NGOs until further review. The key requirement: all such borrowing
NBFCs get more time for CTS-2010 cheque migration
RBI extends the deadline for NBFCs to replace non-CTS-2010 compliant cheques (including post-dated EMI cheques) from Dec
RBI Advises Payment System Operators to Migrate to IPv6, Report Progress by March 30, 2013
RBI advises all payment system operators to migrate from IPv4 to IPv6 at the earliest, aligning with the National Teleco
CTS 2010 Migration: Final Deadline Extended to March 31, 2013
RBI has extended the deadline for UCBs to withdraw non-CTS 2010 cheques to March 31, 2013. After this final extension, r
RBI Simplifies KYC Norms for Urban Co-op Banks
RBI has eased KYC rules for Primary Urban Co-operative Banks: one document can now serve as both identity and address pr
Updated FATF AML/CFT Guidance for RRBs and Co-op Banks
RBI directs RRBs and cooperative banks to review the FATF's October 2012 updated statement on high-risk jurisdictions an
ECB for Low Cost Affordable Housing Projects
RBI now allows ECB under approval route for low cost affordable housing. Developers with minimum 5 years experience in r
ECB All-in-Cost Ceiling Extended Till March 2013
RBI has extended the existing all-in-cost ceiling for External Commercial Borrowings (ECB) until March 31, 2013. No chan
Repo in Corporate Debt: Revised Haircuts & Eligible Securities
RBI has lowered minimum haircuts for repo in corporate debt securities and expanded eligible securities to include CPs,
Priority Sector Lending Reporting Overhauled
RBI rationalized priority sector reporting by introducing revised monthly, quarterly, and yearly formats, discontinuing
Fraud Reporting Timelines Revised for Banks
RBI has revised fraud reporting timelines: quarterly reviews for June, September, December must go to Audit Committee th
KYC Relaxation for MTSS Cross-Border Remittances
RBI eases KYC for MTSS inward remittances: if the ID proof document shows the same address as declared, it serves as bot
KYC/AML Norms for Money Changing: Address Proof Simplified
RBI eases KYC for money changing: if the ID proof document shows the same address as declared, it serves as both identit
RBI Directs Banks to Boost SJSRY Urban Poor Lending
RBI has instructed all scheduled commercial banks (excluding RRBs) to liberalize lending under the Swarna Jayanti Shahar
Revised Softex Procedure Extended to All SEZs/EPZs/EOUs/DTAs
RBI extends the simplified Softex procedure to all SEZs, EPZs, 100% EOUs, and DTAs with immediate effect. Large software
RBI Extends White Label ATM Application Deadline to Jan 15, 2013
RBI has extended the application submission date for White Label ATM operators to January 15, 2013, to allow entities mo
Revised Investment Limits for Micro Enterprise Lending (40:20 Rule)
RBI has revised the investment limits for micro enterprises under the 40:20 lending sub-targets, effective immediately.
RBI Updates NBFCs on FATF AML/CFT Jurisdiction Risks (October 19, 2012)
RBI directs NBFCs/RNBCs to review FATF's October 2012 updated statement on AML/CFT deficiencies in certain jurisdictions
UAPA Sanctions List Update for NBFCs (Dec 2012)
RBI mandates NBFCs to update their UN Al-Qaida sanctions list with November-December 2012 changes. Before opening new ac
NBFC Infrastructure Loan Definition Harmonised with Banks
RBI has aligned NBFC infrastructure loan definition with banks, adopting the government's March 2012 master list. Existi
Beneficial Ownership KYC Norms for RRBs and Co-op Banks
RBI mandates RRBs and co-op banks to identify beneficial owners per PMLA rules. For non-individual clients, banks must t
CAG Audit on ADWDRS 2008: Corrective Actions Required
RBI mandates banks to recover ineligible benefits, fix staff responsibility, and issue pending certificates under ADWDRS
FDI via equity shares: second-hand machinery imports excluded from government route
RBI has revised FDI rules to exclude second-hand machinery imports from the government route for equity share issuance.
MTSS Reports: Mandatory FINnet Gateway Upload from Oct 20, 2012 (RBI Circular Jan 10, 2013)
From October 20, 2012, all Indian agents under MTSS must upload reports only via FINnet Gateway in XML format. CD submis
FIU-IND Mandates FINnet Gateway for Report Submission
FIU-IND has set October 20, 2012 as the go-live date for mandatory report submission via FINnet Gateway in XML format. C
Updated FATF AML/CFT Guidance for MTSS Cross-Border Remittances
RBI directs Indian Agents under MTSS to consider FATF's updated October 2012 AML/CFT statement for cross-border inward r
RBI Updates AML/CFT Guidance on High-Risk Jurisdictions
RBI directs authorised persons to factor in FATF's October 2012 updated statement on AML/CFT compliance deficiencies in
SBI Gets Lead Bank Role for New Arunachal District Longding
RBI assigns State Bank of India as lead bank for the newly formed Longding district in Arunachal Pradesh, carved from Ti
PSOs Must Update Al-Qaida Sanctions List for UAPA Compliance
RBI mandates all Payment System Operators to update their records with the latest UN Al-Qaida sanctions list, screen new
RBI Updates AML/CFT Standards Based on FATF October 2012 Statement
RBI directs all PSS Act-authorized payment system operators to review and act on FATF's updated October 2012 AML/CFT sta
ECB limit for NBFC-IFCs raised to 75% of owned funds
RBI has raised the automatic route ECB limit for NBFC-IFCs from 50% to 75% of owned funds and reduced mandatory currency
RBI Expands CDS Scope to Unlisted Bonds and Short-Term Paper
RBI now permits Credit Default Swaps on unlisted rated corporate bonds (including non-infra) and short-term instruments
EEFC, DDA & RFC Domestic Account Rule Relaxed
RBI has removed the requirement for EEFC, DDA, and RFC Domestic account holders to fully use their balances before buyin
Interest Subvention on Rupee Export Credit for UCBs
RBI extends 2% interest subvention on rupee export credit for specified sectors from April 1, 2013 to March 31, 2014, an
ECB Scheme Expanded to Hotel Sector for Rupee Loan Repayment
RBI has expanded the USD 10 billion ECB scheme to include hotel companies with project cost of INR 250 crore or more, al
UCBs Must Simplify Claims for Deceased Depositors
RBI has flagged that some Urban Co-operative Banks still demand indemnity bonds or legal papers from nominees/survivors
Beneficial Ownership Identification Rules for Banks
RBI mandates banks to identify and verify beneficial owners for non-individual clients using a three-step process: contr
Exim Bank's USD 20 mn LOC to Nigerian Export-Import Bank
RBI notifies a USD 20 million line of credit from Exim Bank to Nigeria's Exim Bank for financing Indian exports. AD Cate
RBI Cracks Down on AD Banks for FEMA Reporting Lapses
RBI warns AD banks that over 70% of FEMA compounding cases stem from FDI/ECB/ODI reporting delays, often due to bank err
Quarterly ATM Denial-of-Service Reporting Mandate
RBI now requires banks to submit a quarterly board-level report on ATM service denials, including business and technical
CAG Audit of ADWDRS 2008: UCBs Must Act on Irregularities
RBI directs UCBs to recover funds from ineligible farmers, fix staff responsibility, and issue pending certificates unde
Special Export Credit Refinance Facility for PCFC
RBI offers scheduled banks (ex-RRBs) a special rupee refinance facility linked to the swap for incremental PCFC. The rat
RBI USD-INR Swap for Export Credit Growth
RBI introduced a USD-INR swap facility from Jan 21 to Jun 28, 2013, allowing scheduled banks (excluding RRBs) to swap do
RBI Extends 2% Export Credit Subvention to Engineering Goods
RBI extends 2% interest subvention on rupee export credit to 134 engineering tariff lines from Jan 1 to Mar 31, 2013, an
Bank Rate Cut to 8.75%: Impact on UCBs
RBI reduced the Bank Rate by 25 bps to 8.75% effective January 29, 2013. This lowers penal interest on reserve shortfall
CRR Cut for Urban Co-op Banks: 25 bps Reduction
RBI reduced CRR for Scheduled Urban Co-operative Banks by 25 bps to 4.0% of NDTL, effective fortnight from Feb 9, 2013.
Bank Rate Cut by 25 bps to 8.75%
RBI reduced the Bank Rate from 9.00% to 8.75% effective January 29, 2013, following the Third Quarter Review of Monetary
CRR Reduced by 25 bps to 4.00% for Scheduled Commercial Banks
RBI cuts CRR by 25 bps from 4.25% to 4.00% of NDTL for scheduled commercial banks, effective fortnight beginning Februar
Repo Rate Cut to 7.75%: Standing Liquidity Facilities Repriced
RBI cut the repo rate by 25 bps to 7.75% effective January 29, 2013. All standing liquidity facilities for banks (ECR, S
KYC eased for account transfers: Self-declaration of address allowed
Banks can now transfer accounts to a new branch without fresh address proof, accepting a self-declaration instead. Custo
Repo Rate Cut by 25 bps to 7.75% in Q3 Policy Review
RBI cut the repo rate by 25 bps to 7.75% effective immediately. Reverse repo and MSF rates adjusted to 6.75% and 8.75% r
RBI mandates standardised IRS contracts from April 2013
RBI has mandated standardisation of INR MIBOR-OIS contracts from April 1, 2013, to improve tradability and enable future
Beneficial Ownership Rules for Urban Co-op Banks
RBI mandates urban co-op banks to identify beneficial owners per PMLA rules. Banks must verify natural persons owning >2
RBI expands permitted payments via exchange house vostro accounts
RBI has modified items 7 and 8 of the permitted transactions list for vostro accounts of non-resident exchange houses, n
RBI Redefines Bulk Deposits and Premature Withdrawal Rules
RBI now defines bulk deposits as single rupee term deposits of ₹1 crore and above, replacing the earlier ₹15 lakh thresh
RBI hikes FII investment limits in govt securities and corporate debt
RBI raised FII investment limits: govt securities from USD 20bn to USD 25bn, corporate debt from USD 45bn to USD 50bn. T
RBI Mandates Fair Practices Code & Grievance Redressal for NBFCs
RBI directs all NBFCs to adopt a Fair Practices Code with a board-approved grievance redressal mechanism, display grieva
Gold Deposit Scheme 2013: Key Changes for Banks
RBI has updated the Gold Deposit Scheme guidelines, allowing Mutual Funds and ETFs to deposit gold, reducing minimum mat
NRO Account Opening for Bangladesh Nationals: RBI Eases Rules
RBI now permits authorised banks to open NRO accounts for individuals of Bangladesh nationality without prior RBI approv
RBI Bans Co-op Banks from Financing Gold Purchases
RBI has reiterated that state and central co-operative banks must not grant any advance for purchase of gold in any form
Standalone PDs allowed to trade corporate bonds on stock exchanges
RBI now permits standalone Primary Dealers to become members of SEBI-approved stock exchanges for proprietary trading in
RBI Bans UCB Gold Purchase Loans, Clarifies Priority Tag
RBI reiterates that UCBs cannot finance gold purchase in any form—bullion, jewellery, coins, ETFs, or mutual funds. Only
KYC Norms Eased for Account Transfers at RRBs and Co-op Banks
RBI has relaxed KYC rules for account transfers: banks can now transfer accounts without fresh address proof, accepting
Revised Disclosure Norms for Restructured Advances
RBI now allows banks to stop disclosing restructured advances that have performed well and no longer attract higher prov
RBI's 2013 Financial Literacy Guide for Banks
RBI issued a comprehensive Financial Literacy Guide with operational guidelines, a Financial Diary, and 16 posters to st
Bank Rate Cut to 8.75%: Impact on RRBs and Co-op Banks
RBI cut the Bank Rate by 25 bps to 8.75% effective January 29, 2013. This directly lowers penal interest rates on reserv
CRR cut for StCBs/RRBs: 25 bps reduction to 4.00%
RBI reduced CRR for Scheduled State Co-operative Banks and Regional Rural Banks by 25 bps from 4.25% to 4.00% of NDTL, e
RBI Boosts Standalone PDs' Role in Corporate Bond Market
RBI now allows standalone Primary Dealers a 50% of NOF sub-limit for corporate bond investments within the 225% call mon
RBI Orders Full Recovery & Accountability for Agri Debt Waiver Lapses
RBI mandates banks to fix accountability for officials involved in lapses under the 2008 Agricultural Debt Waiver Scheme
ECB Automatic Route Opened for Firms Under Investigation
RBI now allows corporates under investigation by law enforcement agencies to access ECB under the automatic route, subje
RBI Expands Note Exchange Facility to All Branches
RBI now mandates all bank branches, including co-operative banks and RRBs, to exchange cut/mutilated notes. If immediate
Revised Annex-3(E) for Annual Branch Expansion Plans
RBI has revised the information format (Annex-3(E)) that banks must submit with their Annual Branch Expansion Plan (ABEP
RBI Revises Forex Exposure Limits for AD Category-I Banks
RBI has revised guidelines for calculating Foreign Exchange Exposure Limits for AD Category-I banks, introducing a dual
Lead Bank Responsibility for Four New Tripura Districts
RBI assigned United Bank of India as Lead Bank for four new Tripura districts—Khowai, Sepahijala, Gomati, and Unakoti—as
RBI Mandates Tougher Security for Card & E-Payments
RBI has mandated new security measures for electronic payments, including domestic-only card issuance by default, EMV ch
RBI Extends Rupee Drawing Arrangements to FATF-Compliant Countries
RBI now allows AD Category-I banks to use Speed Remittance Procedure for inward remittances via Exchange Houses in all F
RBI Clarifies Beneficial Ownership Rules for NBFCs
RBI mandates NBFCs to identify beneficial owners of non-individual clients using a three-step process: controlling owner
SLBC Convenor for Jharkhand shifts to Bank of India
RBI has reassigned the SLBC Convenor role for Jharkhand from Allahabad Bank to Bank of India, effective April 1, 2013. B
RBI Tightens KYC/AML Compliance for Urban Co-op Banks
RBI warns UCBs against lax KYC/AML compliance, citing continued use as money-laundering conduits. Banks must complete ri
Beneficial Ownership Rules for Money Changers
RBI mandates authorised persons to identify beneficial owners for money changing under PMLA. For companies, >25% ownersh
Repo Rate Cut by 25 bps to 7.50%
RBI cut the repo rate by 25 basis points to 7.50% effective immediately. Reverse repo and MSF rates adjusted automatical
PPP Project Loans: Secured Treatment for Infrastructure (2013 RBI Circular)
RBI (2013) allows banks to treat PPP project loans as secured if concession agreements include escrow, risk mitigation,
CTS-2010 Cheque Migration: Final Deadline & New Rules
RBI mandates all new cheques issued from March 18, 2013 must be CTS-2010 compliant. Non-CTS cheques remain valid until J
FATF AML/CFT Update for RRBs and Co-op Banks
RBI directs RRBs and co-op banks to consider FATF's February 2013 update on high-risk jurisdictions. This does not block
CFMS Discontinued: Final Data Access Ends March 31, 2013
RBI discontinued the Centralised Funds Management System (CFMS) from January 1, 2013. Member banks can access CFMS data
Quarterly Customer Grievance Data for Prepaid Instrument Issuers
RBI mandates all prepaid payment instrument issuers to submit quarterly customer grievance data in prescribed Excel form
March 2013 Govt Dues: Special Reporting & Accounting Arrangements
RBI sets April 15, 2013 as the residual transaction closure date for March 2013. Agency banks must use special messenger
FIIs can now use corporate bonds, govt securities as collateral
RBI now permits FIIs to pledge corporate bonds as collateral in the cash segment, and both government securities and cor
RBI mandates CBS for all UCBs by Dec 2013
RBI has directed all Urban Co-operative Banks to implement Core Banking Solutions (CBS) across all branches by December
RBI simplifies write-off of unrealized export bills
RBI has raised self write-off limits for exporters to 5% (non-status holders) and 10% (status holders) of previous year'
RBI Updates AML/CFT Guidance on High-Risk Jurisdictions
RBI has updated its AML/CFT advisory based on FATF's February 22, 2013 statement. Banks must consider the latest list of
KYC Relief for Migrating Customers (2013): UCBs Can Accept Self-Declaration
RBI eased KYC for urban co-operative banks in 2013: existing accounts can be transferred without fresh address proof if
PPF and SCSS Interest Rates Revised for FY 2013-14
RBI notifies revised interest rates for PPF (8.7% p.a.) and SCSS (9.2% p.a.) effective April 1, 2013, as per Government
Westpac Banking Corporation Added to RBI Second Schedule
RBI added Westpac Banking Corporation to the Second Schedule of the RBI Act, 1934, effective December 10, 2012. This gra
Sumitomo Mitsui Banking Corporation Added to RBI Second Schedule
RBI has officially included Sumitomo Mitsui Banking Corporation in the Second Schedule of the RBI Act, 1934, effective f
Priority Sector Lending: Contingent Liabilities Cannot Count
RBI clarifies that contingent liabilities or off-balance sheet items cannot be included in priority sector lending targe
Special Clearing Operations for FY 2012-13 Closing
RBI mandates special clearing on March 29-31, 2013, to settle government transactions before FY close. Agency banks can
Year-End Govt Tax Collection: Extended Bank Hours
RBI directs all agency banks to keep designated branches open with extended hours on March 29-31, 2013, to handle the ye
Bank Rate Cut to 8.50%: Impact on RRBs and Co-op Banks
RBI reduced the Bank Rate by 25 bps to 8.50% effective March 19, 2013. This directly lowers penal interest rates on rese
Bank Rate Cut to 8.50% for Urban Co-op Banks
RBI reduced the Bank Rate by 25 bps to 8.50% for Primary (Urban) Co-operative Banks effective March 19, 2013. Penal inte
Lead Bank Scheme: Revamped ACP & FIP Reporting Formats
RBI has overhauled Annual Credit Plan (ACP) and Financial Inclusion Plan (FIP) reporting formats to capture granular sub
Bank Rate Cut by 25 bps to 8.50%
RBI reduced Bank Rate by 25 bps to 8.50% effective March 19, 2013, as announced in the Mid-Quarter Review. Penal interes
RBI Cuts LAF and MSF Margin Requirements for G-Secs and SDLs
RBI reduced margin requirements for LAF and MSF: Central Govt securities/T-bills from 5% to 4%, SDLs from 10% to 6%, eff
Repo Rate Cut to 7.50%: Standing Liquidity Facility Rates Revised
RBI cut the repo rate by 25 bps to 7.50% effective March 19, 2013. Consequently, interest on standing liquidity faciliti
FATF AML/CFT Update for Urban Co-op Banks
RBI directs Primary (Urban) Co-operative Banks to consider FATF's updated statements on AML/CFT compliance from October
KYC Norms Simplified for SHGs at Urban Co-op Banks
RBI has simplified KYC for SHGs opening savings accounts at Primary Urban Co-operative Banks: only office bearers need v
UCBs Can Now Offer Unsecured Loans Up to 25% of Assets
RBI allows eligible Primary Urban Co-operative Banks to grant unsecured loans up to 25% of total assets, up from 10%, pr
RBI Clarifies CCF for Bank Guarantees Under NCAF
RBI has clarified that financial guarantees (e.g., credit facilities, tax dues) must use 100% CCF, while performance gua
CIC Insurance Investment Guidelines 2013
RBI issued separate guidelines for Core Investment Companies (CICs) entering insurance. CICs need Rs 500 crore owned fun
RBI Simplifies FII Debt Limits: Merges Sub-Limits into Two Broad Categories
RBI merged existing FII debt sub-limits into two broad categories: Government Debt (USD 25 billion) and Corporate Debt (
Exim Bank's USD 15 mn Line of Credit to Benin
RBI notifies AD Category-I banks about Exim Bank's USD 15 million Line of Credit to Benin for a tractor assembly plant.
Exim Bank's USD 5 mn Line of Credit to Cuba for Milk Plant
RBI notifies AD Category-I banks about Exim Bank's USD 5 million line of credit to Banco Exterior De Cuba for financing
Exim Bank's USD 42 mn Line of Credit to Cameroon
RBI notifies AD Category-I banks of Exim Bank's USD 42 million Line of Credit to Cameroon for a Casava Plantation Projec
KYC Norms Simplified for SHGs: No Full Member Verification Needed
RBI has simplified KYC for SHGs: only office bearers need verification when opening savings accounts, and no fresh KYC i
Basel III Implementation Start Date Shifted to April 1, 2013
RBI rescheduled Basel III capital regulation start to April 1, 2013, with most rules effective from that date. Banks mus
KYC norms simplified for Self Help Groups
RBI eased KYC for SHGs: only office bearers' verification needed at account opening; no fresh KYC required at credit lin
UAPA Compliance: Updated UN Al-Qaida Sanctions List for NBFCs
RBI directs all NBFCs to update their records with the latest UN Al-Qaida sanctions list (as of April 2013) and screen n
RBI Cracks Down on ODI Structures Offering INR-Linked Products
RBI has clarified that overseas entities with Indian equity participation cannot offer financial products linked to the
RBI eases overseas investment rules for Navratna PSUs in oil sector
RBI now allows Navratna PSUs, OVL, and OIL to invest in incorporated JVs/WOS abroad for oil exploration without limits u
UAPA Sanctions List Updates for RRBs and Co-op Banks
RBI mandates RRBs and co-op banks to update UN Al-Qaida sanctions lists from 11 update notes (Jan-Mar 2013) and a consol
RBI Updates NBFCs on FATF AML/CFT Jurisdiction Risks
RBI directs all NBFCs to review FATF's updated February 2013 statement on AML/CFT compliance gaps in certain jurisdictio
UAPA Section 51-A: UN Al-Qaida Sanctions List Updates
RBI mandates banks to update and screen against the latest UN Al-Qaida sanctions list, including eleven updates from Jan
RBI Mandates Cheque Clearing Timelines Post Consumer Case
RBI reiterates timelines from a consumer commission order: local cheques cleared same/next day, outstation cheques in 7/
Trade Credit Cost Ceiling Extended Till June 2013
RBI has extended the existing all-in-cost ceiling for trade credits for imports until June 30, 2013. No other changes to
Exim Bank's USD 76.5 mn Line of Credit to Malawi
RBI notifies AD Category-I banks about Exim Bank's USD 76.50 million Line of Credit to Malawi for irrigation, sugar proc
AMCs can now sell INR to foreign tourists via international cards
RBI now allows Authorised Money Changers to sell Indian rupees to foreign tourists against International Credit/Debit Ca
UAPA Sanctions List Updates for Urban Co-op Banks
RBI directs Primary Urban Co-operative Banks to update their UNSCR 1267/1989 sanctions list with new entries from Novemb
Rupee Value of Special Currency Basket Revised to Rs. 73.14
RBI revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile USSR
UAPA Sanctions List Update for Payment System Operators
RBI mandates all PSOs to update their records with the latest UN Al-Qaida Sanctions List, screen new and existing accoun
PD Authorisation Renewal: Shift to Triennial Cycle
RBI has extended the validity of Primary Dealer authorisation from one year to three years, effective from the 2013-16 c
RBI cracks down on unfair cheque return charges and delays
RBI mandates banks to levy cheque return charges only when the customer is at fault and to re-present technical return c
Bank Rate Cut to 8.25%: Impact on RRBs and Co-op Banks
RBI reduced the Bank Rate by 25 bps to 8.25% effective May 3, 2013. This directly lowers penal interest rates on reserve
Bank Rate Cut to 8.25%: Impact on Urban Co-op Banks
RBI reduced the Bank Rate by 25 bps to 8.25% effective May 3, 2013. This directly lowers penal interest rates on reserve
Repo Rate Cut to 7.25%: Standing Liquidity Facilities Cheaper
RBI cut the repo rate by 25 bps to 7.25% effective May 3, 2013. All standing liquidity facilities for banks (ECR, SECR)
RBI mandates UCIC for NBFC customers
RBI directs NBFCs (asset size Rs 25 cr and above, and all deposit-taking NBFCs) to assign a Unique Customer Identificati
Bank Rate Cut by 25 bps to 8.25% from May 3, 2013
RBI reduced the Bank Rate by 25 basis points to 8.25% effective May 3, 2013, as part of the Annual Monetary Policy. Pena
Priority Sector Lending Limits Revised Upward from April 2013
RBI raised priority sector lending limits effective April 1, 2013: agricultural produce pledge loans doubled to ₹50 lakh
Repo Rate Cut by 25 bps to 7.25%
RBI reduced the repo rate by 25 basis points to 7.25% effective immediately. Reverse repo and MSF rates adjusted automat
RBI Updates AML/CFT Guidance for MTSS Agents on FATF Jurisdictions
RBI directs Indian Agents under MTSS to factor in FATF's updated February 2013 statement on AML/CFT compliance gaps in c
RBI Updates AML/CFT Guidance on High-Risk Jurisdictions
RBI has updated AML/CFT guidance for money changers, referencing FATF's February 2013 statement on high-risk jurisdictio
RBI withdraws Basel II parallel run and prudential floor
RBI has withdrawn the parallel run and prudential floor for Basel II implementation. Banks no longer need to maintain Ba
RBI widens interest subvention on rupee export credit
RBI has expanded the 2% interest subvention scheme on rupee export credit to cover additional textile and engineering go
UCBs: Submit Annual Business Plan in Single Copy Only
RBI has simplified submission of Annual Business Plans (ABP) for Financially Sound and Well Managed (FSWM) Urban Co-oper
Fraud Reporting Relief for Banks with RBI-Regulated Subsidiaries
Parent banks no longer need to submit hard copy FMR-1 reports for frauds at subsidiaries that are independently regulate
LRS Reporting Goes Fully Digital from July 2013
RBI has discontinued hard copy submission of monthly LRS statements. From July 1, 2013, AD Category-I banks must upload
Export proceeds realisation period cut to 9 months
RBI has reduced the export realisation period from 12 months to 9 months, effective immediately until September 30, 2013
FDI: Equity shares for pre-operative expenses via Government route
RBI has relaxed FDI rules: foreign investors can now pay for equity shares issued against pre-operative/pre-incorporatio
SLR HTM Cap Aligned to 23% of DTL by March 2014
RBI has phased down the SLR securities held under HTM category from 25% to 23% of DTL by March 2014, with quarterly redu
RBI Reiterates Clean Note Policy: Stop Stapling, Sorting, and Writing on Notes
RBI has flagged that some bank branches still staple note packets, write on watermark windows, and issue soiled notes. B
RBI restricts gold imports on consignment basis
RBI has restricted gold imports on consignment basis by nominated banks to only meet genuine needs of gold jewellery exp
RBI Directs Banks to Accelerate DBT Rollout with Aadhaar Seeding
RBI mandates banks to open accounts in camp mode, seed them with Aadhaar, and set up monitoring for DBT. SLBC convenors
RBI Updates AML/CFT Standards for Payment Operators
RBI directs all PSS Act-authorized payment system operators to review FATF's updated February 2013 statement on AML/CFT
Gold Import Rules Tightened: Consignment Only for Jewellery Exporters
RBI has extended gold import restrictions to all nominated agencies and star trading houses. Consignment imports are now
Interest Subvention on Rupee Export Credit Expanded for UCBs
RBI extends 2% interest subvention on rupee export credit to additional sectors: textiles (6 tariff lines) and engineeri
UAPA Compliance: Updated UN Al-Qaida Sanctions List for UCBs
RBI directs Primary Urban Co-operative Banks to update their records with the latest UNSCR 1267 Al-Qaida sanctions list.
NBFC-MFI Margin Cap Revised: 12% till March 2014, Then Tiered
RBI has set a uniform margin cap of 12% for all NBFC-MFIs until March 31, 2014. From April 1, 2014, the cap will be 10%
Mandatory Acknowledgment for Form 15G/15H Submission
Banks must now issue an acknowledgment upon receiving Form 15G/15H from depositors to prevent wrongful TDS deductions an
UCIC Deadline Extended to March 2014 for Existing Customers
RBI extends UCIC allotment deadline for existing individual customers to March 31, 2014, due to implementation difficult
RBI to End Asset Classification Forbearance on Restructured Loans from April 1, 2015
RBI will withdraw regulatory forbearance on asset classification for restructured advances from April 1, 2015, except fo
Best Practices for Well-Run Urban Co-operative Banks
RBI has compiled and shared illustrative best practices from well-managed UCBs covering resource deployment, NPA managem
Final Guidelines on Capital Disclosure Requirements
RBI issued final guidelines on capital disclosure requirements effective July 1, 2013. Banks must make first disclosures
Front-Loading Branches in Unbanked Rural Centres
RBI asks banks to prioritise opening branches in unbanked rural (Tier 5/6) centres over a 3-year cycle aligned with FIP
NBFCs Banned from Financing Gold Purchases in Any Form
RBI has prohibited NBFCs from granting advances for purchase of gold in any form—primary gold, bullion, jewellery, coins
RBI caps gold coin loan per customer at 50 grams
RBI restricts advances against gold coins to 50 grams per customer and extends the ban on loans against gold bullion to
RBI Extends Restructuring Guidelines to FIs
RBI has extended the May 2013 prudential guidelines on restructuring of advances to All-India Term-Lending and Refinanci
RBI's Central Fraud Monitoring Cell Moves to Bengaluru from July 2013
RBI's Central Fraud Monitoring Cell shifts from Mumbai to Bengaluru effective July 1, 2013. NBFCs are requested to send
RBI Fraud Monitoring Cell Moves to Bengaluru from July 2013
From July 1, 2013, RBI's Fraud Monitoring Cell for Urban Co-operative Banks will operate from Bengaluru. All UCBs must s
RBI raises foreign investment limit in govt securities by USD 5 bn
RBI has increased the overall foreign investment limit in government dated securities from USD 25 billion to USD 30 bill
RBI Clarifies FVCI Reporting: No Double Filing for FDI Investments
RBI has clarified that SEBI-registered FVCIs investing under the FDI scheme must report only via FC-GPR or FC-TRS forms,
RBI raises OPGSP export remittance cap to USD 10,000
RBI has increased the per-transaction limit for export remittances via Online Payment Gateway Service Providers from USD
NBFCs barred from LLP and AOP partnerships: RBI clarifies
RBI clarifies that NBFCs cannot be partners in Limited Liability Partnerships (LLPs) or Associations of Persons (AOPs),
SEZ Export Proceeds: 12-Month Repatriation Deadline Reintroduced
RBI has withdrawn the unlimited time for SEZ export proceeds realization. Units in SEZs must now repatriate full export
Repo in Corporate Bonds for Urban Co-op Banks
RBI permits strong Scheduled Urban Co-operative Banks to do repo in corporate debt securities. Eligibility: CRAR ≥10%, g
UCIC Deadline Extended for Urban Co-op Banks to March 2014
RBI extends UCIC allotment deadline for existing customers of Primary (Urban) Co-operative Banks to March 31, 2014, citi
Gold Loan Cap: Co-op Banks Must Limit Coin Weight to 50g
RBI directs state/central co-operative banks to ensure gold coin collateral per customer does not exceed 50 grams. Loans
UCIC Deadline Extended for RRBs and Cooperative Banks
RBI extends UCIC allotment deadline for existing customers of RRBs and cooperative banks to March 31, 2014, citing imple
RBI Discontinues Renminbi ECB Scheme for Infrastructure
RBI has discontinued the Renminbi (RMB) ECB scheme for infrastructure companies, effective June 25, 2013, due to zero ut
ECB for Civil Aviation Working Capital Extended to Dec 2013
RBI has extended the scheme allowing civil aviation firms to raise ECB for working capital until December 31, 2013. The
FCCB Buyback Scheme Extended Till Dec 2013
RBI extends the buyback/prepayment scheme for FCCBs under the approval route until December 31, 2013, after which it wil
ECB Window for 3G Spectrum Loans Extended to March 2014
RBI extends the ECB window for refinancing rupee loans used for 3G spectrum payments until March 31, 2014. Telecom opera
RRBs Must Acknowledge Form 15-G/15-H Submissions
RBI mandates RRBs to issue an acknowledgment upon receiving Form 15-G/15-H from depositors to prevent wrongful TDS deduc
RRBs: New 50 gm cap on gold coin loans, ETFs banned
RBI caps gold coin advances at 50 gm per customer for RRBs and extends the gold bullion loan ban to units of gold ETFs a
RBI Grants One-Time Extension for Card Security Deadlines
RBI has extended deadlines for card security compliance: acquirers must complete tasks by Sept 30, 2013, and issuers by
ECB Norms Eased for Low-Cost Affordable Housing Projects
RBI eased ECB norms for affordable housing: developer experience cut to 3 years, HFC minimum paid-up capital condition w
RBI Carves Out CRE-Residential Housing Sub-Sector with Lower Risk Weights
RBI created a new CRE-Residential Housing (CRE-RH) sub-sector for loans to residential housing projects, with lower risk
Rupee Value of Special Currency Basket Revised to Rs 75.705663
RBI revised the Rupee value of the special currency basket under the Deferred Payment Protocols with the erstwhile USSR
Risk Weights on Priority Sector Shortfall Deposits with NABARD/SIDBI/NHB
RBI clarifies that deposits placed with NABARD, SIDBI, or NHB to cover priority sector lending shortfalls must be risk-w
RBI Extends Option Premium Deferment to Cost Reduction Forex Structures
RBI now allows banks to defer premium collection on cost reduction forex options where user liability never exceeds net
RBI Caps NBFC Private Placement to 49 Investors
RBI has capped NBFC private placement subscribers at 49, set a minimum investment of Rs 25 lakh, and mandated full secur
PSL: MFI on-lending income generation threshold eased to 70%
RBI has reduced the minimum share of income-generating loans in MFI portfolios from 75% to 70% for banks to classify the
Gold Import Rules Tightened: Cash Margins & DP Basis Mandatory
RBI mandates 100% cash margin for all gold import LCs and requires imports on Documents against Payment (DP) basis only.
RBI Discontinues SFR VIII Return from July 2013
RBI has discontinued the SFR VIII return effective the fortnight beginning July 12, 2013. Banks must continue submitting
Valuation Guidelines for Discom Bonds
RBI prescribes valuation norms for bonds issued by state power discoms under the 2012 financial restructuring scheme: ma
ECB Policy Expanded: Import of Services, Technical Know-how, License Fees Now Allowed as Part of Import of Capital Goods for Manufacturing/Infrastructure
RBI now permits ECB proceeds for importing services, technical know-how, and license fees, provided these are capitalize
New clearing house for CD and CP OTC trades
RBI has added MCX-SX Clearing Corporation Limited as an eligible entity for clearing and settling OTC trades in Certific
PDs Can Now Trade Securities on MCX-SX
RBI now permits Primary Dealers to execute securities transactions with each other or non-bank clients via MCX Stock Exc
MCX-SXCCL Added for Corporate Bond OTC Settlement
RBI has added MCX-SX Clearing Corporation Limited as an eligible clearing house for OTC corporate bond trades on a DvP-I
Project Export Approval Filing Deadline Extended to 30 Days
RBI has extended the deadline for exporters to submit post-award approval forms (DPX1, PEX-1, TCS-1) for project exports
BCP, VAPT and Information Security for Banks
RBI mandates banks to implement robust Business Continuity Plans (BCP) and conduct periodic Vulnerability Assessment and
Master Circular on Money Transfer Service Scheme (MTSS)
RBI's Master Circular on MTSS allows only inward personal remittances to India via authorised Indian Agents, with no out
Master Circular on NRO Accounts: Key Points for Banks
RBI consolidated NRO account rules into Master Circular No.2/2013-14, effective July 1, 2013, with a one-year sunset cla
RBI Master Circular on Exposure Norms for FIs (2013)
RBI consolidated exposure norms for all-India term-lending and refinancing institutions (Exim Bank, NABARD, NHB, SIDBI)
RBI Master Circular on Disclosure Norms for FIs (2013)
RBI consolidated disclosure norms for Exim Bank, NABARD, NHB, and SIDBI into a single master circular effective July 1,
RBI Master Circular: Resource Raising Norms for FIs (2013)
RBI consolidated resource raising norms for Exim Bank, NABARD, NHB, and SIDBI into a single master circular effective Ju
Master Circular on Card Operations: Credit, Debit & Prepaid
RBI consolidated all card operation guidelines for banks and NBFCs into one master circular, covering credit, debit, and
RBI Incentive Scheme for Counterfeit Note Detection
From July 1, 2013, banks get 25% compensation for losses incurred on detected counterfeit notes of ₹100 and above, repor
Infrastructure Lending Definition Expanded: New Sub-Sectors Added
RBI has updated the infrastructure lending definition to include Capital Dredging, Slurry Pipelines, and Telecommunicati
Priority Sector Lending: NRLM Replaces SGSY
RBI has updated priority sector lending guidelines to reflect the replacement of SGSY with NRLM (Aajeevika) from April 1
Master Circular: Housing Finance Guidelines for UCBs
RBI consolidated housing finance guidelines for Urban Co-operative Banks (UCBs) as of July 1, 2013. UCBs can lend to ind
RBI Master Circular on UCB Exposure Norms (2013)
RBI consolidated exposure norms for Urban Co-operative Banks (UCBs) as of July 1, 2013. Key limits: individual borrower
Master Circular on Foreign Investment in India (2013-14)
RBI consolidated all foreign investment rules into one Master Circular for AD Category-I banks, covering FDI, portfolio,
Master Circular on Import of Goods and Services: Key Points for Banks
RBI consolidated all import-related forex rules into one Master Circular (No.13/2013-14) for AD Category-I banks. It cov
Master Circular on ECB and Trade Credits (2013-14)
RBI consolidated all ECB and trade credit rules into one master circular effective July 1, 2013, covering automatic and
Master Circular on Direct Investment in JV/WOS Abroad
RBI consolidated rules for residents investing in overseas JVs/WOS under FEMA. Covers automatic route, funding methods,
Master Circular on Money Changing Activities (2013-14)
RBI consolidated all instructions on money changing into one master circular, covering licensing, operations, KYC/AML, a
Master Circular on Compounding FEMA Contraventions
RBI consolidated rules for voluntary compounding of FEMA contraventions under Section 13(1). Penalties up to thrice the
Master Circular on Foreign Entity Offices in India
RBI consolidated rules for foreign entities setting up Liaison, Branch, or Project Offices in India. Key criteria: profi
Master Circular on Remittance Facilities for NRIs/PIOs/Foreign Nationals
RBI consolidated remittance rules for NRIs, PIOs, and foreign nationals under Master Circular No.8/2013-14. It covers re
Master Circular: NRI/PIO Property Rules (2013-14)
RBI's 2013 master circular consolidates FEMA rules for NRIs/PIOs buying or selling immovable property in India, excludin
Master Circular on Vostro Accounts for Non-Resident Exchange Houses
RBI's Master Circular consolidates rules for AD Category-I banks opening and maintaining rupee/foreign currency vostro a
RBI Master Circular on Risk Management & Inter-Bank Dealings
RBI consolidated rules on forex derivatives, hedging, and inter-bank dealings for AD Category-I banks. Key updates inclu
Master Circular on Interest Rates on Advances (2013)
RBI consolidated all guidelines on interest rates for advances into a single master circular, effective July 1, 2013. It
Master Circular on Housing Finance – July 2013
RBI consolidated all housing finance instructions up to June 30, 2013 into a single master circular. It covers direct/in
Master Circular on CRR and SLR for Scheduled Commercial Banks
RBI consolidated all CRR and SLR instructions into a single master circular effective July 1, 2013. The CRR rate remains
Master Circular on Wilful Defaulters: Key Rules for Banks
RBI consolidated all wilful defaulter guidelines into one master circular effective July 1, 2013. Banks must report defa
Master Circular on Bank Finance to NBFCs (2013)
RBI consolidated and updated its 2012 master circular on bank finance to NBFCs, incorporating instructions up to June 30
Master Circular on Fraud Classification and Reporting for Urban Co-op Banks
RBI consolidated fraud reporting norms for urban co-op banks as of July 1, 2013. Banks must report frauds promptly, with
Master Circular on Urban Co-op Bank Branch Expansion & ATMs
RBI consolidated all guidelines on area of operation, branch authorisation, extension counters, ATMs, and office shiftin
Master Circular on Board of Directors for UCBs
RBI consolidated all instructions on UCB board composition, roles, and reviews as of June 30, 2013. Key updates include
Master Circular: Prudential Norms on Capital Adequacy for UCBs
RBI consolidated capital adequacy norms for Primary Urban Co-operative Banks as of July 1, 2013, covering statutory requ
Master Circular on Advances Management for UCBs
RBI consolidated all advance management guidelines for Primary Urban Co-operative Banks as of June 30, 2013. Key changes
Master Circular: Guarantees, Co-Acceptances & Letters of Credit for UCBs
RBI consolidated all guidelines on guarantees, co-acceptances, and letters of credit for Primary (Urban) Co-operative Ba
Master Circular on Export Credit & Customer Service for Exporters (2013)
RBI consolidated all export credit instructions into a single Master Circular as of July 1, 2013. It covers rupee and fo
Master Circular on Customer Service in Banks – July 2013
RBI consolidated all customer service instructions up to June 30, 2013 into a single Master Circular. Banks must ensure
Master Circular on Exposure Norms – July 2013
RBI consolidated all exposure norms for scheduled commercial banks (excluding RRBs) into a single master circular, updat
Master Circular on Guarantees and Co-acceptances
RBI consolidated all guidelines on guarantees and co-acceptances into a single master circular, effective July 1, 2013.
Master Circular: Prudential Norms on Income Recognition, Asset Classification & Provisioning
RBI consolidated all prudential norms on income recognition, asset classification, and provisioning for advances as of J
KYC/AML/CFT Master Circular for Urban Co-op Banks (2013)
RBI consolidated KYC/AML/CFT norms for Primary Urban Co-operative Banks under PMLA, 2002. Banks must implement Board-app
Master Circular on CRR & SLR for Urban Co-operative Banks
RBI consolidated all CRR and SLR guidelines for Primary Urban Co-operative Banks (UCBs) as of June 30, 2013, with the ci
Master Circular on Deposit Accounts for Urban Co-op Banks
RBI consolidated all instructions on deposit account maintenance for Primary Urban Co-operative Banks (UCBs) as of June
Master Circular on Investments by Urban Co-operative Banks (2013)
RBI consolidated all investment guidelines for Primary (Urban) Co-operative Banks into a single Master Circular effectiv
RBI Master Circular on NPA Norms for UCBs (2013)
RBI consolidated all income recognition, asset classification, and provisioning guidelines for Primary (Urban) Co-operat
Master Circular on Miscellaneous Remittances from India – Facilities for Residents
This RBI Master Circular consolidates all instructions on miscellaneous remittances for residents, covering current acco
FCNR(B) Deposit Master Circular 2013: Key Updates
RBI issued a consolidated Master Circular on FCNR(B) deposits, updating all instructions issued up to June 30, 2013. It
Master Circular on Self Employment Scheme for Manual Scavengers (SRMS)
RBI consolidated all SRMS guidelines into a single Master Circular effective July 1, 2013, covering capital subsidy, con
Master Circular on Financial Statement Disclosures – Notes to Accounts
RBI updated its master circular on disclosures in 'Notes to Accounts' for commercial banks (excluding RRBs), consolidati
Master Circular on Inspection & Audit for Urban Co-op Banks
RBI consolidated all inspection and audit guidelines for Primary (Urban) Co-operative Banks as of June 30, 2013, emphasi
Basel III Capital Regulations Master Circular 2013
RBI issued a consolidated Master Circular on Basel III Capital Regulations, effective April 1, 2013, with phased impleme
RBI Master Circular: Natural Calamity Relief for Banks (2013)
RBI consolidated its 2013 guidelines for banks to provide swift relief in natural calamity areas. Banks must have standi
RBI Master Circular: Credit Facilities for SC/ST Communities
RBI issued a consolidated Master Circular on credit facilities for Scheduled Castes and Scheduled Tribes, updating previ
Master Circular on Nomination for Relief/Savings Bonds
RBI consolidated all instructions on nomination for Relief/Savings Bonds into one master circular. Sole or joint holders
Master Circular on Brokerage for Relief/Savings Bonds
RBI consolidated instructions on appointing/delisting brokers and paying brokerage for Relief/Savings Bonds. Key points:
Master Circular on Interest Rates for Domestic, NRO & NRE Deposits
RBI consolidated all directives on interest rates for rupee deposits in Domestic, NRO, and NRE accounts into a single ma
Branch Authorisation Master Circular 2013: Key Updates
RBI consolidated all branch authorisation rules into a single master circular effective July 1, 2013. It covers opening,
Master Circular on Loan & Advance Restrictions 2013
RBI consolidated all statutory and regulatory restrictions on loans and advances for scheduled commercial banks (excludi
Basel I Capital Adequacy Norms for Local Area Banks
RBI's July 2013 master circular consolidates Basel I capital adequacy rules exclusively for Local Area Banks (LABs), as
RBI Master Circular on NBFC Corporate Governance (2013)
RBI consolidated corporate governance guidelines for NBFCs as of July 1, 2013. Key mandates: Audit Committees for NBFCs
NBFC Entry into Insurance, Credit Cards & Mutual Fund Distribution
RBI consolidated guidelines as of June 30, 2013, for NBFCs entering insurance, issuing credit cards, and distributing mu
Master Circular on Exemptions from RBI Act, 1934
RBI consolidated exemptions from Chapter III-B of the RBI Act for entities like housing finance, merchant banking, micro
Updated Prudential Norms for Non-Deposit Taking NBFCs (2013)
RBI consolidated and updated prudential norms for non-deposit taking NBFCs as of June 30, 2013, superseding the 1998 dir
Master Circular: NBFC Returns to RBI
RBI consolidated all NBFC return requirements into one master circular effective July 1, 2013. Deposit-taking NBFCs must
NBFC Auditor Report Directions 2008 Updated
RBI updated the NBFC Auditor's Report Directions 2008 as of June 30, 2013. Auditors must now submit a separate report to
NBFC Prudential Norms Directions 2007 Updated as on June 30, 2013
RBI issued an updated consolidated version of the NBFC Prudential Norms Directions, 2007, incorporating all amendments u
NBFC Public Deposit Rules: Consolidated Directions 2013
RBI consolidated the 1998 NBFC Public Deposit Directions as of June 30, 2013, into a single updated notification. This r
RBI Allows Reset of Credit Enhancement in Securitisation
RBI now permits resetting external credit enhancements in securitisation deals, allowing providers to withdraw excess am
RBI Bans Discriminatory Intersol Charges Across Branches
RBI has directed all scheduled commercial banks (excluding RRBs) to stop levying different 'Intersol' charges for the sa
Master Circular: Note and Coin Exchange Facilities for Banks
RBI mandates all bank branches to actively provide note/coin exchange, accept soiled/mutilated notes, and refuse no smal
Master Circular on Counterfeit Note Detection and Impounding
RBI consolidated instructions on detecting and impounding counterfeit notes. Banks must verify notes at back offices, ne
FCRA 2010 Master Circular for Banks
RBI issued a Master Circular consolidating guidelines under FCRA 2010, replacing the 1976 Act. Banks must ensure complia
RBI Master Circular on KYC/AML for NBFCs (2013)
RBI consolidated all KYC/AML/CFT guidelines for NBFCs into a single Master Circular as of July 1, 2013, consolidating in
Penal Interest on Currency Chest Reporting Errors
RBI mandates same-day reporting of currency chest transactions via ICCOMS by 9 PM, with link offices consolidating by 11
Master Circular: Incentives & Penalties for Customer Service
RBI updated its 2012 master circular on incentives and penalties for bank branches, including currency chests, based on
Master Circular: Credit Facilities to Minority Communities (2013)
RBI updated its master circular on credit to minority communities, mandating a 10% priority sector sub-target for weaker
RBI Updates MNBC Directions 1977 as of June 30, 2013
RBI issued a consolidated version of the Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977, updated to
Master Circular for Securitisation and Reconstruction Companies
RBI consolidated all instructions for Securitisation Companies/Reconstruction Companies (SCs/RCs) as of June 30, 2013, c
RBI Master Circular on Fraud Monitoring for NBFCs (Updated as of June 30, 2013)
RBI issued a consolidated Master Circular on fraud monitoring for deposit-taking NBFCs and large non-deposit-taking NBFC
RBI Updates Mortgage Guarantee Companies Investment Directions 2008 (as of June 30, 2012)
RBI consolidated and updated the Mortgage Guarantee Companies Investment Directions, 2008, as of June 30, 2012. This cir
RBI Consolidates NBFC-ND-SI Instructions: July 2013
RBI consolidated all instructions for systemically important non-deposit taking NBFCs (NBFC-ND-SI) as of June 30, 2013.
Master Circular: NBFC-Factor Directions 2012
RBI consolidated all instructions for NBFC-Factors under the Factoring Regulation Act, 2011. This circular updates prude
RBI Master Circular 2013: NBFC Overseas Investments & Branch Setup
NBFCs must obtain RBI's Department of Non-Banking Supervision No Objection before any overseas investment, branch, subsi
Master Circular: Investment Portfolio Prudential Norms (2013)
RBI consolidated all existing guidelines on classification, valuation, and operation of banks' investment portfolios as
Master Circular: Capital Adequacy & Risk Management for Standalone PDs
RBI consolidated all existing capital adequacy and risk management guidelines for standalone Primary Dealers into a sing
RBI Master Circular on FI Investment Portfolio Norms (2013)
RBI issued a consolidated master circular on prudential norms for classification, valuation, and operation of investment
SARFAESI Guidelines for Securitisation & Reconstruction Cos (2003)
RBI consolidated the 2003 Guidelines for Securitisation Companies (SCs) and Reconstruction Companies (RCs) as of June 30
KYC/AML/CFT Master Circular: Section 51A Implementation
RBI consolidated KYC/AML/CFT guidelines up to June 30, 2013, including procedures under Section 51A of the Unlawful Acti
Agency Commission Rates for Government Business
RBI updated agency commission rates effective July 1, 2012 per circular dated July 1, 2013: ₹50 per physical receipt, ₹1
RBI Master Circular on Core Investment Companies (CICs) – July 2013
RBI consolidated its regulatory framework for Core Investment Companies (CICs) as of June 30, 2013. CICs holding over 90
Master Circular: Operational Guidelines for Primary Dealers
RBI consolidated all operational guidelines for Primary Dealers (PDs) into a single master circular as of July 1, 2013.
Mortgage Guarantee Company Guidelines 2008 Updated
RBI consolidated its 2008 Mortgage Guarantee Company guidelines as of June 30, 2013. These rules govern registration, op
RBI Master Circular: Miscellaneous Instructions for NBFCs (2013)
RBI consolidated all miscellaneous instructions for NBFCs issued up to June 30, 2013, into a single master circular. Thi
Master Circular on Fair Practices Code for NBFCs
RBI consolidated all Fair Practices Code instructions for NBFCs/RNBCs as of June 30, 2013. Key updates include mandatory
Master Circular on Call/Notice Money Market Operations
RBI consolidated all existing guidelines on call/notice money market into a single master circular. It covers participan
RBI Creates NBFC-MFI Category: Key Directions
RBI introduced a new NBFC category—NBFC-MFI—with a minimum net owned funds of Rs. 5 crore (Rs. 2 crore for North Eastern
RRBs Priority Sector Lending Master Circular 2013
RBI consolidated all priority sector lending guidelines for RRBs into a single master circular as of July 1, 2013. RRBs
Master Circular on Export Credit Refinance Facility
RBI consolidated export credit refinance rules as of July 1, 2013. Banks can avail refinance up to 50% of eligible outst
RBI Master Circular on MSME Lending (2013)
RBI consolidated all MSME lending guidelines into a single Master Circular as of July 1, 2013. It adopts the MSMED Act 2
Priority Sector Lending Targets and Classification Master Circular 2013
RBI consolidated all priority sector lending guidelines into a single master circular effective July 1, 2013, incorporat
Master Circular: Swarna Jayanti Shahari Rozgar Yojana (SJSRY) 2013
RBI updated its master circular on SJSRY, consolidating all instructions issued up to June 30, 2013. The scheme aims to
SC/RC Management Takeover Guidelines 2010 Updated
RBI updated guidelines for SCs/RCs to change or take over borrower management under SARFAESI Act. Key conditions: dues m
Master Circular on Commercial Paper Guidelines
RBI consolidated all CP guidelines into a single master circular. CP is an unsecured promissory note for short-term borr
Mortgage Guarantee Companies Prudential Norms Directions 2008 Updated
RBI consolidated all current prudential norms for Mortgage Guarantee Companies into a single updated notification as of
Master Circular: Pension Disbursement by Agency Banks
RBI updated its master circular on pension disbursement by agency banks, consolidating instructions up to June 2013. Key
Master Circular on Direct Tax Collection via OLTAS
RBI updated its master circular on direct tax collection through OLTAS, consolidating instructions up to June 2013. Agen
RBI Master Circular on Branch Licensing for RRBs (2013)
RBI updated its Master Circular on branch licensing for Regional Rural Banks, consolidating all instructions issued up t
RBI Updates AML/CFT Guidance on High-Risk Jurisdictions
RBI has directed banks to consider FATF's June 21, 2013 update on jurisdictions with AML/CFT deficiencies. This does not
Interest on Frozen/Seized Public Deposits: NBFC Procedure
RBI has clarified how NBFCs must handle interest on public deposits that are frozen or seized by enforcement authorities
Rupee Value of Special Currency Basket Revised to Rs.78.374512
RBI has revised the Rupee value of the special currency basket for deferred payment protocols with the erstwhile USSR to
RBI eases forex hedging documentation: annual audit cert now enough
RBI has replaced the quarterly statutory auditor certificate requirement for forex hedging under contracted exposure wit
RBI Clarifies FDI Calculation and Downstream Investment Rules
RBI issued guidelines for calculating total foreign investment (direct + indirect) in Indian companies, transfer of owne
Master Circular on Mobile Banking Guidelines (2013)
RBI consolidated all mobile banking guidelines into one master circular effective July 1, 2013. It covers registration,
NBFC NCD Private Placement: RBI Clarifies Rules
RBI clarifies that the minimum gap rule for successive NCD private placements is not yet operational. NBFCs must adopt a
RBI Master Circular on Use of Hindi in Public Sector Banks (2013)
RBI updated its master circular on Hindi use in public sector banks, consolidating instructions up to June 30, 2013. Ban
Capital Rules for Bank Exposures to Central Counterparties
RBI issued final guidelines on capital requirements for banks' exposures to central counterparties (CCPs), effective Jan
Master Circular on SHG-Bank Linkage Programme
RBI consolidated all SHG-Bank Linkage guidelines into a single Master Circular as of July 1, 2013, covering existing ins
RBI Drops Borrower Consent for Credit Info Sharing with CICs
RBI has withdrawn the requirement for banks to obtain borrower consent before reporting credit data to Credit Informatio
Master Circular on Para-Banking Activities (2013)
RBI consolidated all para-banking guidelines for scheduled commercial banks (excluding RRBs) into a single master circul
ECB Refinancing/Rescheduling Rules Extended Till Sep 30, 2013
RBI has extended the validity of existing ECB refinancing/rescheduling instructions until September 30, 2013. All other
Trade Credit Cost Ceiling Extended Till Sep 2013
RBI confirms the existing all-in-cost ceiling for trade credits for imports continues to apply until September 30, 2013.
Lead Bank Scheme Extended to Metro Districts
RBI has assigned lead bank responsibilities for 16 districts in Delhi, Mumbai, Chennai, Kolkata, and Hyderabad, bringing
RBI Pushes Banks to Accelerate Aadhaar Seeding for DBT
RBI directs banks to fast-track account opening and Aadhaar seeding in DBT districts, set up district-level coordination
AML/CFT Compliance Update for Urban Co-op Banks
RBI directs Primary Urban Co-operative Banks to review FATF's updated June 2013 statement on AML/CFT compliance gaps in
RBI bans proprietary trading in currency futures/options by AD-I banks
RBI has prohibited AD Category-I banks from proprietary trading in currency futures and exchange-traded currency options
ECB Policy Relaxed for NBFC-Asset Finance Companies
RBI now allows NBFC-Asset Finance Companies (AFCs) to raise ECB under automatic route for importing infrastructure equip
Rupee Value of Special Currency Basket Revised to ₹80.97
RBI has revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile U
Exim Bank's USD 10 mn Line of Credit to Seychelles
RBI notifies AD Category-I banks about Exim Bank's USD 10 million Line of Credit to the Government of Seychelles for fin
FATF AML/CFT Compliance Update for RRBs and Co-op Banks
RBI directs RRBs and cooperative banks to review FATF's June 2013 update on high-risk jurisdictions. Banks must consider
RBI extends UCIC deadline for NBFCs to March 2014
RBI has extended the deadline for NBFCs to assign a Unique Customer Identification Code (UCIC) to existing individual cu
MSF borrowing limit raised to 2.5% of NDTL for mutual fund liquidity
RBI raised the MSF borrowing limit below SLR from 2% to 2.5% of NDTL, with the extra 0.5% exclusively for the Special Re
RBI Opens Rs 25,000 Cr Special Repo Window for Mutual Fund Liquidity
RBI opens a Rs 25,000 crore special repo window for banks to lend to mutual funds. The 3-day repo at 10.25% interest run
LAF Allocation Capped at 1% of NDTL from July 17
RBI caps total LAF funds at 1% of banking system NDTL (₹75,000 crore) from July 17, 2013. Individual bank allocation is
RBI Phases Out Non-CTS-2010 Cheques with Special Clearing Sessions
RBI mandates separate, less frequent clearing sessions for non-CTS-2010 cheques from Jan 1, 2014, starting thrice weekly
Bank Rate Hiked to 10.25%: Impact on Urban Co-op Banks
RBI raised the Bank Rate by 200 bps to 10.25% effective July 15, 2013. This directly increases penal interest on reserve
Bank Rate Hiked by 200 bps to 10.25%
RBI raised the Bank Rate by 200 basis points from 8.25% to 10.25%, effective July 15, 2013. This directly increases pena
ECB Scheme Extended for Overseas Investment Firms
RBI expands the USD 10 billion ECB scheme to manufacturing, infrastructure, and hotel companies with overseas JVs/WOS/as
Banks Must Use Only TRAI-Registered Telemarketers
RBI reiterates that banks must engage only TRAI-registered telemarketers for promotional calls. Unregistered telemarkete
RBI Tightens KYC/AML Rules for Third-Party Products and Walk-In Customers
RBI flags widespread KYC/AML lapses by banks in distributing third-party products and handling walk-in customers. Banks
ECB All-in-Cost Ceiling Extended Till Sep 30, 2013
RBI has extended the existing all-in-cost ceiling for External Commercial Borrowings (ECB) until September 30, 2013. No
RBI Grants General Permission for Banks to Acquire SWIFT Shares
RBI now allows banks licensed under the Banking Regulation Act, 1949 to acquire SWIFT shares without case-by-case approv
Priority Sector Lending: Disbursement Definition Clarified
RBI has defined 'disbursement' for priority sector lending reporting: for cash credit/overdraft, it's the lower of debit
RBI Updates NBFCs on FATF AML/CFT Compliance Statement
RBI directs all NBFCs to review the updated FATF statement on AML/CFT compliance from June 21, 2013, which lists jurisdi
CRR Daily Minimum Hiked to 99% from July 27, 2013
RBI raised the daily minimum CRR maintenance from 70% to 99% of required reserves, effective July 27, 2013, to curb exch
LAF Cap for Standalone Primary Dealers at 100% of Net Owned Funds
RBI capped LAF borrowing for standalone Primary Dealers at 100% of net owned funds from July 24, 2013, as part of measur
Revised Online Reporting for Unhedged Forex Exposures
AD Category-I banks must now submit quarterly reports on corporate unhedged foreign currency exposures online via XBRL,
LAF Cap Tied to NDTL at 0.50%
RBI capped each bank's LAF borrowing at 0.50% of its NDTL, effective July 24, 2013, replacing the earlier Rs. 75,000 cro
KYC Updation Periodicity Simplified for Banks
RBI has relaxed KYC updation frequency: full KYC every 10 years for low-risk, 8 for medium-risk, and 2 for high-risk cus
Exim Bank's $19M Line of Credit to Senegal for Fisheries Project
RBI notifies AD Category-I banks about Exim Bank's USD 19 million Line of Credit to Senegal for a Fisheries Development
Gold Import Rules Tightened: 20% for Export, Bonded Warehouse Norms
RBI mandates that from July 22, 2013, nominated banks/agencies must reserve 20% of every gold import lot for exports and
Bank Rate Hiked by 200 bps to 10.25% for RRBs and Co-op Banks
RBI raised the Bank Rate from 8.25% to 10.25% effective July 15, 2013. This directly increases penal interest rates on r
Exim Bank's $35 mn Line of Credit to Ghana for Sugar Plant
RBI notifies AD Category-I banks about Exim Bank's USD 35 million Line of Credit to Ghana's government for a sugar plant
FII Hedging for PN/ODI: Mandate Rules Clarified
RBI clarifies that FIIs must obtain a mandate from PN/ODI holders before hedging rupee exposure on securities backing th
Revised PD Returns for Primary Dealers
RBI has revised formats for PD returns (PDR I, II, IV) effective from July 31, 2013, ahead of a web-based reporting plat
RRBs Must End Discriminatory Intersol Charges: Damodaran Committee
RBI directs RRBs to stop charging different fees for same services at home vs non-home branches under CBS. Uniform prici
KYC Updation Norms Simplified for Urban Co-op Banks
RBI has eased KYC periodicity for UCBs: full KYC every 2 years for high-risk, 8 for medium, 10 for low risk. Positive co
UAPA Sanctions List Update for RRBs and Co-op Banks
RBI directs RRBs and co-op banks to update the UNSCR 1988 sanctions list for Taliban-linked entities, screen new and exi
NBFCs must use only TRAI-registered telemarketers
RBI reiterates that NBFCs and RNBCs must engage only telemarketers registered with TRAI for promotional calls, following
UAPA Sanctions List Update: Taliban-Linked Entities
RBI mandates banks to update UNSCR 1988 sanctions list for Taliban-linked individuals/entities, screen new and existing
RBI Eases KYC Updation Norms for RRBs and Co-op Banks
RBI has relaxed KYC updation frequency for low and medium risk customers at RRBs and co-op banks. Full KYC now required
CRR Daily Minimum Hiked to 99% for StCBs/RRBs
RBI raised the daily minimum CRR maintenance requirement from 70% to 99% for StCBs and RRBs, effective July 27, 2013, to
UCBs: Daily CRR Maintenance Hiked to 99%
From July 27, 2013, Scheduled Primary Urban Co-operative Banks must maintain 99% of their required CRR daily, up from 70
RBI Bans Fresh PDC/EMI Cheques Where ECS Available
RBI reiterates that banks must not accept fresh post-dated or EMI cheques in locations with ECS/RECS (Debit) facility, a
RRBs Must Join Credit Information Companies (2013 Circular)
RBI has flagged that many RRBs still haven't joined any Credit Information Company (CIC) as required under the 2005 Act.
LRS Limit Slashed to USD 75,000; Property Remittances Barred
RBI cuts LRS limit from USD 200,000 to USD 75,000 per financial year, effective immediately. Remittances for overseas im
RBI slashes ODI automatic route limit to 100% of net worth
RBI reduced the automatic route limit for overseas direct investment from 400% to 100% of the Indian party's net worth,
Revised Incentives for Banknote and Coin Distribution (August 12, 2013)
RBI has revised the incentive scheme for banknote and coin distribution, effective August 12, 2013. Higher incentives ar
Exim Bank's $300 mn Line of Credit to Ethiopia for Railway Project
RBI notifies AD Category-I banks about Exim Bank's USD 300 million Line of Credit to Ethiopia for financing the Ethio-Dj
Exim Bank's $28.6 mn Line of Credit to Zimbabwe
RBI notifies AD Category-I banks about Exim Bank's USD 28.60 million Line of Credit to Zimbabwe for upgrading Deka Pumpi
FEMA Compounding: Faster Refunds & New Mandatory Fields
RBI mandates NEFT refunds for returned FEMA compounding applications and adds PAN and NIC code 1987 as mandatory fields.
RRBs: Frontload Branch Openings in Unbanked Rural Areas
RBI directs RRBs to frontload branch openings in unbanked rural (Tier 5/6) centres over a 3-year cycle aligned with thei
RBI Circular on Co-operative Banks: Credit Information Companies Compliance - August 2013
RBI issued a circular on August 7, 2013, to all State and Central Co-operative Banks (StCBs and CCBs) regarding complian
NRD-CSR Reporting Moves to XBRL Platform from October 2013
RBI mandates XBRL-based NRD-CSR reporting from October 2013, replacing email-based DAT file submissions. Banks must uplo
NBFC Infrastructure Lending Definition Expanded
RBI has expanded the definition of 'infrastructure loan' for NBFCs to include capital dredging, slurry pipelines, and te
RBI Tightens ATM Customer Service Norms
RBI mandates that ATMs display cash-out messages before transactions, requires clear ATM ID display, and insists on comp
UAPA Sanctions List Update for Urban Co-op Banks
RBI directs all Primary (Urban) Co-operative Banks to update their UNSCR 1988 sanctions list with new Taliban-linked ent
RBI Raises FCNR(B) Deposit Rate Ceiling for RRBs
RBI increased the interest rate ceiling on 3-5 year FCNR(B) deposits for Regional Rural Banks from LIBOR/Swap plus 300 b
RRBs Freed to Set NRE Deposit Rates for 3+ Year Tenors
RBI has deregulated interest rates on NRE deposits with maturity of 3 years and above for RRBs, removing the earlier cei
RBI Simplifies NRI Portfolio Investment Scheme: Single Unique Code for Banks
RBI now allows AD Category-I banks to use a single Unique Code for their link office, dispensing with branch-level codes
RBI raises foreign investment cap in ARCs to 74%
RBI increased the combined FDI and FII limit in Asset Reconstruction Companies from 49% to 74%, removed the ban on FII e
CRR/SLR Exemption for Long-Term FCNR(B) and NRE Deposits
From August 24, 2013, incremental FCNR(B) and NRE deposits with maturity of 3 years or more, over the July 26, 2013 base
Exim Bank's USD 41.6 mn Line of Credit to Comoros
RBI notifies AD Category-I banks about Exim Bank's USD 41.60 million Line of Credit to Comoros for an 18 MW power projec
Rupee Value of Special Currency Basket Revised to Rs.83.45
RBI has revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile U
RBI Tightens Gold Import Rules: 20/80 Scheme & Coin Ban
RBI has banned gold coin/medallion imports and mandated that 20% of every gold import lot must be used for exports. Dome
NRE Deposit Rate Ceiling Removed for 3+ Year Tenors
RBI has freed banks to set any interest rate on NRE deposits of 3 years and above, removing the earlier ceiling that tie
CRR/SLR Exemption for FCNR(B) and NRE Deposits
From August 24, 2013, incremental FCNR(B) and NRE deposits with maturity of 3 years or more, over the July 26, 2013 base
RBI Bans Writing on Banknotes Under Clean Note Policy
RBI has ordered all banks to immediately stop staff from writing or scribbling on banknotes. Such markings render notes
UAPA Section 51-A: UN Al-Qaida Sanctions List Update
RBI directs banks to update the UNSCR 1267 Al-Qaida sanctions list with the 19th amendment from August 6, 2013. Banks mu
8% Savings Bonds 2003: Premature Encashment for Senior Citizens
RBI now allows premature encashment of 8% Savings (Taxable) Bonds, 2003 for individual investors aged 60+ with lock-in p
UCBs Banned from Donating to Director-Linked Trusts
RBI prohibits Urban Co-operative Banks from making donations to trusts where directors or their relatives hold positions
UCBs Must Update Al-Qaida Sanctions List for UAPA Compliance
RBI directs all Primary Urban Co-operative Banks to update their records with the latest UN Al-Qaida sanctions list. Ban
CRR/SLR Exemption for Long-Term FCNR(B) and NRE Deposits
Incremental FCNR(B) and NRE deposits with maturity of 3 years or more, over the July 26, 2013 base, are exempt from CRR/
RBI Reminds UCBs to Join Credit Information Companies
RBI has reiterated that all Primary Urban Co-operative Banks must become members of at least one Credit Information Comp
OTC Trade Reporting for Securitized Debt Instruments
RBI mandates all regulated entities to report OTC trades in securitized debt instruments on FIMMDA's platform within 15
Export Credit Interest Subvention Raised to 3%
RBI increased interest subvention on rupee export credit for select sectors from 2% to 3% effective August 1, 2013. Bank
Uniform Holiday Calendar for CTS Grids from Oct 7, 2013
RBI mandates uniform holidays for CTS grids in New Delhi, Chennai, and Mumbai from October 7, 2013, aligning them with R
RBI Relaxes HTM Limits and MTM Loss Norms for Banks
RBI allows banks to retain SLR holdings in HTM at 24.5% of NDTL, exceeding the phased reduction limit, and permits sprea
NRE Deposit Rate Ceiling Removed for 3+ Year Tenors
RBI has freed StCBs/CCBs to offer uncapped interest rates on NRE deposits of 3 years and above, leveraging CRR/SLR exemp
UAPA Section 51-A: Update Al-Qaida Sanctions List for RRBs & Co-op Banks
RBI directs RRBs and cooperative banks to update the UN Al-Qaida sanctions list, screen new and existing accounts agains
FCNR(B) Deposit Rate Ceiling Raised for 3-5 Year Tenors
RBI has raised the interest rate ceiling on FCNR(B) deposits of 3-5 year maturity from LIBOR/Swap plus 300 bps to plus 4
RBI Mandates Full Disclosure of ATM Complaints and Bars Profit Transfer
Banks must now include all ATM-related complaints—even those involving other banks—in their customer complaint disclosur
RBI Bans Upfront Disbursal of Housing Loans for Under-Construction Projects
RBI has prohibited banks from making upfront lump-sum disbursal of housing loans for incomplete or greenfield projects.
RBI Guidelines on Sharing IT Resources by Banks
RBI issued guidelines for banks to share IT resources for cost optimization, emphasizing strong IT governance, board-lev
NRE Deposit Interest Rate Deregulation for Urban Co-op Banks
RBI allows urban co-operative banks to offer interest rates without any ceiling on NRE deposits with maturity of 3 years
Deceased Depositor Claims: Forms Must Be on Bank Websites
RBI has directed all scheduled commercial banks (excluding RRBs) to strictly follow the simplified procedure for settlin
RBI Cracks Down on Excessive KYC Data Collection
RBI has warned banks against collecting intrusive personal details like family info, assets, and lifestyle data for KYC.
BCs Allowed to Distribute Banknotes and Coins (Circular dated Sep 2, 2013)
RBI has permitted scheduled commercial banks to include distribution of banknotes and coins in the scope of activities o
Base Rate Methodology Revision Flexibility for Banks
RBI now allows banks that commenced operations after July 2010 and have not completed one year as of September 2, 2013,
KYC Norms Relaxed for Foreign Students Opening NRO Accounts
RBI allows banks to open NRO accounts for foreign students using passport and admission letter as KYC, with temporary tr
RBI allows e-KYC via Aadhaar as officially valid document
RBI now accepts UIDAI's e-KYC service as an 'Officially Valid Document' under PML Rules (Prevention of Money Laundering
UAPA Sanctions List Updates: Al-Qaida Designations (Sept 2013)
RBI mandates banks to update UN Al-Qaida sanctions list with 20th and 21st updates (Aug 2013). All new and existing acco
UCBs: Export Credit Interest Subvention Hiked to 3%
RBI has increased interest subvention on rupee export credit for UCBs from 2% to 3% for specified sectors, effective Aug
Cash Withdrawal at POS Extended to Bank-Issued Prepaid Cards
RBI now allows cash withdrawal at POS terminals using bank-issued open system prepaid payment instruments, with a daily
Bank Guarantees for Non-Resident FDI Acquisitions Simplified
AD Category-I banks can now issue bank guarantees for non-resident acquirers in open offers, delisting, or exit offers w
UCBs: Simplify Deceased Depositor Claims – Put Forms Online
RBI advises all Primary Urban Co-operative Banks that have a website to place claim forms for deceased depositor settlem
RBI Cracks Down on UCBs Over KYC Overreach
RBI warns UCBs against demanding excessive personal details (dependents, assets, wedding date) during KYC. Only mandator
RBI eases forward contract cancellation and rebooking limits for exporters and importers
RBI has increased the forward contract cancellation and rebooking limit for exporters from 25% to 50% of contracts booke
Intra-day Short Selling of G-Secs Allowed for Select UCBs
RBI now permits well-managed Urban Co-operative Banks meeting specific criteria—NDS-OM membership, net worth ₹25 crore,
RBI Updates AML/CFT Guidance for MTSS Agents
RBI directs Indian Agents under MTSS to consider updated FATF statements on AML/CFT compliance from June 2013. Agents mu
Rupee Value of Special Currency Basket Revised to Rs.86.86
RBI revised the Rupee value of the Special Currency Basket under Indo-USSR Deferred Payment Protocols to Rs.86.857663 ef
LRS Clarifications: Shares, Education, Medical Remittances
RBI clarifies LRS can acquire both listed and unlisted overseas shares. Education and medical remittances remain separat
ECB from Foreign Equity Holder for General Corporate Purpose
RBI now permits eligible borrowers to raise ECB from their foreign equity holder (minimum 25% paid-up equity directly he
ODI Rationalization: Grandfathering 400% Limit for Pre-Aug 14 Commitments
RBI clarifies that financial commitments made on or before August 14, 2013, under the earlier 400% of networth automatic
RBI Introduces Branch Info Return for NBFCs
RBI mandates all deposit-taking NBFCs and non-deposit NBFCs with assets over ₹50 crore to file a new 'Branch Info' retur
HTM Limit Doubled for Standalone Primary Dealers
RBI doubled the HTM limit for standalone PDs from 100% to 200% of audited NOF, effective until further notice, to manage
RBI allows e-KYC via Aadhaar for RRBs and cooperative banks
RBI now permits RRBs and cooperative banks to use UIDAI's e-KYC service for paperless, biometric-based identity verifica
RBI Tightens ODI Guarantee Rules for Step-Down Subs
RBI has amended ODI rules: corporate guarantees for second-generation or lower step-down operating subsidiaries now requ
RBI Doubles Overseas Borrowing Limit for AD Category-I Banks
RBI has raised the overseas borrowing limit for AD Category-I banks from 50% to 100% of unimpaired Tier I capital or USD
UCBs Must Update Al-Qaida Sanctions List for UAPA Compliance
RBI directs all Primary Urban Co-operative Banks to immediately update their records with the 20th and 21st update notes
RBI hikes loan limits for home repairs by UCBs
RBI raised the ceiling on loans by Primary Urban Co-operative Banks for home repairs/additions/alterations to ₹2 lakh in
UAPA Sanctions List Update: Al-Qaida Deletions (22nd Update)
RBI directs banks to update the UN Al-Qaida sanctions list with the 22nd update, which includes deletions. Banks must sc
RBI FCNR(B) Dollar Swap Window for 3-Year+ Deposits
RBI opens a USD/INR swap window for banks to convert fresh 3-year+ FCNR(B) deposits into rupees at a fixed swap rate of
RBI Raises INR Cash Carry Limit for Travellers to Rs 10,000
RBI has increased the limit for carrying Indian currency notes abroad (except Nepal/Bhutan) from Rs 7,500 to Rs 10,000 p
FDI via Stock Exchange: Non-Residents Can Now Buy Shares Under Takeover Rules
RBI now allows non-residents (including NRIs) to acquire listed Indian company shares on stock exchanges under the FDI s
RBI Updates AML/CFT Standards for Payment Operators
RBI directs all PSS Act-authorized payment system operators to review FATF's updated June 2013 statement on AML/CFT comp
FDI Policy: Revised Definition of Control and Sectoral Updates
RBI revised the definition of 'control' to include rights to appoint directors or influence management via shareholding
RBI Simplifies Export Declaration Forms for Goods and Software
RBI introduces a common Export Declaration Form (EDF) for goods from non-EDI ports and a unified SOFTEX form for softwar
Agency Banks to Stay Open for Advance Tax on Sep 14-15, 2013
All agency banks must keep designated government business counters open on September 14 and 15, 2013, to accept advance
Special Clearing on Sep 14-15 for Advance Tax
RBI mandates special clearing on Sep 14-15, 2013, exclusively for government receipts (advance tax). Agency banks can pr
RBI eases downstream investment rules for Indian companies
RBI has relaxed downstream investment rules: Indian companies can now use internal accruals for downstream investments,
Central Repository for Large Common Exposures
RBI will create a central repository of large credits (exposures over Rs 10 crore) using existing XBRL-based Return on L
Revised CBS Deadline for Urban Co-operative Banks
RBI has extended CBS implementation deadlines for UCBs: Tier I (non-unit) banks get until June 30, 2014, and unit banks
Cooperative Banks: Simplify Deceased Depositor Claims
RBI directs StCBs/CCBs to strictly follow the simplified procedure for settling deceased depositor claims and to place c
RBI Bans Upfront Housing Loan Disbursals for RRBs
RBI has directed RRBs to stop upfront disbursal of housing loans to builders. Disbursements must now be linked to constr
RRBs: Simplify Deceased Depositor Claim Forms on Website
RBI directs RRBs to strictly follow simplified procedures for settling deceased depositor claims and to prominently plac
RBI Allows Banks to Use BCs and CIT Entities for Cash Distribution
RBI has directed banks to explore using Business Correspondents and Cash-in-Transit entities for distributing banknotes
BSBDA FAQs: No Minimum Balance Accounts for RRBs & Co-op Banks
RBI issued FAQs clarifying the Basic Savings Bank Deposit Account (BSBDA) rules for RRBs and cooperative banks. These ac
UAPA Compliance: UN Al-Qaida Sanctions List Update for UCBs
RBI directs Primary Urban Co-operative Banks to update their records with the 22nd UN Al-Qaida Sanctions List deletions,
RBI Bans Upfront Housing Loan Disbursals for UCBs
RBI has prohibited Primary Urban Co-operative Banks from making upfront lump-sum disbursal of housing loans to builders
Rupee Value of Special Currency Basket Revised to Rs.92.985396
RBI revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile USSR
RBI cracks down on overseas forex trading via online portals
RBI has directed AD Category-I banks to warn customers that online forex trading through electronic/internet portals vio
RBI allows UCBs to use UIDAI e-KYC for paperless verification
RBI now permits Primary Urban Co-operative Banks to accept UIDAI's online Aadhaar authentication (e-KYC) as an Officiall
Govt scheme accounts: No dormant tag for DBT/scholarship credits
Banks may assign a separate product code in CBS to savings accounts opened for government DBT, scholarships, or zero-bal
RBI Cracks Down on Overreach in KYC Data Collection by RRBs and Co-op Banks
RBI has warned RRBs and cooperative banks against demanding excessive personal details (e.g., dependents, spouse name, a
RBI Tightens Gold Loan Rules for NBFCs: Storage, Branch Approval, Valuation
RBI mandates NBFCs lending against gold jewellery to have safe vaults at every branch, obtain prior approval for branche
Forex Counters at Airport Departure Areas for Non-Residents
RBI now allows forex counters in duty-free/security hold areas of international airports to buy unspent INR from non-res
PSOs Must Update UN Taliban Sanctions List
RBI directs all Payment System Operators to update their records with the latest UN 1988 Sanctions List (Taliban-linked
PSOs Must Screen Accounts Against Updated UN Al-Qaida Sanctions List
RBI mandates all payment system operators to update their records with the latest UN Al-Qaida sanctions list, screen new
CRR Daily Minimum Maintenance Reduced to 95%
RBI reduced the daily minimum CRR maintenance from 99% to 95% of the requirement, effective from the fortnight starting
NRLM Credit Progress: Quarterly Reporting to RBI
RBI now requires banks to submit a state-wise consolidated NRLM progress report quarterly, within 15 days of quarter-end
Repo Rate Hike to 7.50%: Standing Liquidity Facilities Impact
RBI raised the repo rate by 25 bps to 7.50% effective September 20, 2013. Standing liquidity facilities for banks (Expor
MSF Rate Cut by 75 bps to 9.50%
RBI reduced the Marginal Standing Facility rate by 75 basis points to 9.50%, effective immediately. This recalibrates MS
RBI Hikes Repo Rate by 25 bps to 7.50%
RBI raised the repo rate by 25 basis points to 7.50% effective immediately, with the reverse repo rate automatically adj
Revised Rupee Value of Special Currency Basket for Indo-Russian Protocols
RBI revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile USSR
RBI Frees Branch Licensing for Well-Managed Banks
RBI now allows domestic scheduled commercial banks (excluding RRBs) to open branches in Tier 1 centres without prior app
FCNR(B) Swap Window FAQs Released
RBI released FAQs clarifying operational aspects of the FCNR(B) dollar swap window for scheduled banks (excluding RRBs).
KYC Norms for Foreign Students Opening NRO Accounts
RBI eased KYC for foreign students: they can open NRO accounts with just a passport and admission letter, then submit lo
UAPA Sanctions: Update Al-Qaida List for RRBs & Co-op Banks
RBI directs RRBs and cooperative banks to update the UN Al-Qaida sanctions list with the 22nd deletion update. Banks mus
ECB Policy: Infrastructure Definition Expanded
RBI has expanded the definition of infrastructure sector for ECB purposes, aligning it with the government's Harmonised
RRBs: Complaint Analysis & ATM Balance Disclosure Rules
RBI mandates RRBs to analyze customer complaints for systemic issues, disclose complaint and Banking Ombudsman award dat
RBI cracks down on hidden charges and unfair loan pricing
RBI has banned banks from distorting interest rates via subventions, zero percent EMI gimmicks, and hidden fees. Banks m
RBI Eases Export Credit Revaluation Norms Amid Rupee Volatility
RBI now allows banks to compute export credit limits monthly based on current assets, liabilities, and exchange rates, o
RBI Expands Trade Credit for Capital Goods Imports
RBI now allows all sectors to avail trade credit up to USD 20 million for five years for importing capital goods, and re
Exim Bank's USD 22.5 mn Line of Credit to Burkina Faso
RBI notifies AD Category-I banks about Exim Bank's USD 22.50 million Line of Credit to Burkina Faso for a low-cost housi
CRR Daily Minimum Maintenance Reduced to 95% for RRBs/SCBs
RBI reduced the daily minimum CRR maintenance requirement from 99% to 95% of the prescribed CRR for Scheduled State Coop
Bank Rate Cut by 75 bps to 9.50% for RRBs and Co-op Banks
RBI reduced the Bank Rate from 10.25% to 9.50% effective September 20, 2013. This 75 bps cut directly lowers penal inter
RBI Discontinues Half-Yearly ORA Reporting for Overseas Offices
RBI has scrapped the half-yearly Form ORA submission to its Regional Offices for AD banks. Banks must still maintain int
RBI Dispenses with Form Submission to Its Office for Project Exports
RBI has removed the requirement for Approving Authorities to submit project export forms (DPX1, PEX-1, TCS-1, DPX-3) to
Bank Rate Cut by 75 bps to 9.5% for UCBs
RBI reduced the Bank Rate from 10.25% to 9.5% effective September 20, 2013, a 75 bps cut. This directly lowers penal int
CRR Daily Minimum Maintenance Reduced to 95% for UCBs
RBI reduced the daily minimum CRR maintenance requirement for Scheduled Primary Urban Co-operative Banks from 99% to 95%
Bank Rate Cut by 75 bps to 9.50%
RBI reduced the Bank Rate from 10.25% to 9.50% effective September 20, 2013, a 75 bps cut. Penal interest rates on reser
Online Reporting of Foreign Contribution Receipts Mandatory from Nov 2013
From November 1, 2013, all scheduled commercial banks (excluding RRBs) must report foreign contribution receipts online
RBI Bans Higher-Cost ECB Refinancing from Oct 2013
RBI has stopped allowing borrowers to raise fresh ECB at a higher all-in-cost to refinance or reschedule existing ECB, e
ECB All-in-Cost Ceiling Extended Till March 2014
RBI has extended the existing all-in-cost ceiling for External Commercial Borrowings (ECB) until March 31, 2014. The cei
ECB Allowed for All Stages of PSU Disinvestment
RBI clarifies that ECB proceeds can be used for all stages of share acquisition under the government's PSU disinvestment
Trade Credit Cost Ceiling Extended Till March 2014
RBI has extended the existing all-in-cost ceiling for trade credits for imports until March 31, 2014. No other changes t
UCBs: Exempt Scholarship & DBT Accounts from Dormant Tag
RBI directs UCBs to assign a separate product code in CBS for accounts receiving government scholarships or DBT, so they
ADWDRS 2008: UCBs must submit auditor certificates by Oct 15, 2013
RBI directs all Primary Urban Co-operative Banks to submit auditor certificates confirming accuracy of re-verification o
UCBs: Mandatory Online Reporting of Foreign Contributions from Nov 1
From November 1, 2013, all Primary Urban Co-operative Banks must report foreign contribution receipts online via MHA's s
RBI's Final Deadline for POS Terminal Security: No More Extensions
RBI has denied further extensions for POS terminal security compliance (UKPT/DUKPT/TLE) beyond September 30, 2013. Non-c
UAPA Section 51-A: Al-Qaida Sanctions List Update
RBI mandates banks to update the UN Al-Qaida sanctions list (23rd update) and screen all new and existing accounts again
Rupee Value of Special Currency Basket Revised to Rs.86.90
RBI revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile USSR
RBI Eases Maturity Norm for AD-I Bank FC Borrowings Till Nov 30
RBI has temporarily lowered the minimum maturity on overseas borrowings beyond 50% of Tier I capital from three years to
Revised Priority Sector Lending Guidelines for UCBs
RBI has revised priority sector lending guidelines for Urban Co-operative Banks, effective immediately. Key changes incl
Bank Rate Cut by 50 bps to 9.0% Effective Oct 7, 2013
RBI reduced the Bank Rate by 50 basis points from 9.5% to 9.0% effective October 7, 2013. Penal interest rates on reserv
MSF Rate Cut by 50 bps to 9.00%
RBI reduced the Marginal Standing Facility rate by 50 basis points from 9.50% to 9.00%, effective immediately. All other
Cooperative Banks: DBT & Scholarship Accounts Exempt from Dormancy Rules
RBI exempts zero-balance DBT and scholarship accounts at StCBs/CCBs from the two-year dormancy rule. Banks must assign a
RRBs: New Product Code for DBT & Scholarship Accounts
RBI directs RRBs to assign a separate product code in CBS for zero-balance accounts used for DBT, scholarships, and gove
NBFCs Must Update UN Sanctions List for UAPA Compliance
RBI mandates NBFCs to update their records with the latest UN Al-Qaida sanctions list from August 2013, screen new and e
NBFCs Must Update UN Taliban Sanctions List
RBI directs all NBFCs to update the UN 1988 Sanctions List for Taliban-linked individuals/entities. Before opening new a
UCBs: Update UN Al-Qaida Sanctions List Under UAPA
RBI directs Primary Urban Co-operative Banks to update the UN Al-Qaida sanctions list with the 23rd update, screen new a
Revised FSWM Norms for Urban Co-operative Banks
RBI has tightened FSWM classification for UCBs: minimum 10% CRAR, gross NPAs under 7%, net NPAs under 3%, no CRR/SLR def
Share Linking to Borrowing Norms for UCBs
RBI reiterates that UCBs must enforce share linking to borrowing at 2.5% for secured and 5% for unsecured loans, with in
XOS Submission Goes Online Bank-Wide from Dec 2013
From half-year ending December 2013, banks must submit Export Outstanding Statement (XOS) online at bank level, not bran
UAPA Section 51-A: Update Al-Qaida Sanctions List for RRBs/StCBs/CCBs
RBI directs RRBs, StCBs, and CCBs to update the Al-Qaida sanctions list with the 23rd update regarding deletions. Before
SDS 1975 Interest Rate Revised to 8.7% from April 2013
RBI notified a revision in the interest rate on Special Deposit Scheme (SDS) 1975 deposits for non-government provident,
IT Resource Sharing Guidelines for Urban Co-op Banks
RBI has issued guidelines on sharing IT resources among banks to optimize costs while ensuring security, data integrity,
SME Rating Agency renamed SMERA Ratings Limited
RBI notifies that SME Rating Agency of India Ltd. is now SMERA Ratings Limited. Banks must use the new name for capital
One-Time Closure of Old Export Bills in XOS Statements
RBI allows AD banks to close old outstanding export bills (beyond 15 years up to USD 1 lakh, or beyond 5 years up to USD
New RTGS System Launch and ISO 20022 Migration
RBI launches new RTGS system on October 19, 2013, adopting ISO 20022 messaging. Old RTGS regulations and guidelines from
RBI Eases Overseas Borrowing Norms for AD Category-I Banks
RBI has amended FEMA regulations to allow AD Category-I banks to borrow from overseas entities up to 100% of unimpaired
RBI Allows CIT Entities for Banknote Distribution
RBI advises banks to explore using Cash-in-Transit (CIT) entities for distributing banknotes and coins, alongside Busine
RBI eases unsecured loan norms for UCBs up to ₹10,000
RBI now exempts UCBs' unsecured loans up to ₹10,000 per account from the 10% total assets ceiling, provided they meet CR
RBI Bans Upfront Housing Loan Disbursals for Co-op Banks
RBI has prohibited StCBs and CCBs from making upfront disbursal of housing loans for under-construction projects. Disbur
RBI Introduces Term Repo Auctions Under LAF
RBI will auction 7-day and 14-day term repos for up to 0.25% of banking system NDTL via variable rate auctions, starting
Bank Rate Cut by 50 bps to 9.0% for RRBs and Co-op Banks
RBI cut the Bank Rate by 50 bps to 9.0% effective October 7, 2013. This directly lowers penal interest rates on reserve
Bank Rate Cut to 9.0% for Urban Co-op Banks
RBI reduced the Bank Rate by 50 bps to 9.0% effective October 7, 2013. Penal interest on reserve shortfalls and SSI refi
MSF Rate Cut by 25 bps to 8.75%
RBI reduced the Marginal Standing Facility rate by 25 basis points to 8.75%, effective immediately. This recalibrates MS
Repo Rate Hiked 25 bps to 7.75% in Oct 2013
RBI raised the repo rate by 25 bps to 7.75% effective immediately, as announced in the Second Quarter Review of Monetary
RBI allowed e-KYC via Aadhaar for payment system operators (2013 circular)
RBI permitted payment system operators to use UIDAI's e-KYC service for paperless KYC verification. Biometric authentica
RBI Mandates Authorization for UCB Specialized Branches
UCBs must seek RBI authorization under Section 23 of the B.R. Act, 1949 (AACS) to open specialized branches like Central
RRBs: Guidelines for Sharing IT Resources
RBI has issued guidelines for Regional Rural Banks (RRBs) on sharing IT resources to optimize costs while ensuring secur
Banking Law Amendments Act 2012: Private Sector Banks Must Update MoA/AoA
RBI mandates private sector banks to amend their MoA and AoA to comply with the Banking Law Amendments Act 2012, overrid
Rupee Value of Special Currency Basket Revised to Rs.83.819978
RBI revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile USSR
UCBs: At-par cheque facility usage tightened
RBI restricts Urban Co-operative Banks from using at-par cheque facilities for walk-in customers beyond ₹50,000 per indi
Uttarakhand Disaster: Simplified Claim Settlement for Missing Persons
Banks must settle claims for missing persons in the 2013 Uttarakhand disaster using only the MHA-issued death certificat
RBI Eases Branch Opening Rules: No Prior Approval Needed
RBI now allows domestic scheduled commercial banks (excluding RRBs) to open branches in Tier 1 to Tier 6 centres without
ACU Mechanism Now Only for Goods & Services Trade
RBI restricts ACU payments to export/import of goods and services only, removing other current account transactions. AD
Exim Bank's USD 47 mn Line of Credit to Mozambique for Housing
RBI notifies AD Category-I banks about Exim Bank's USD 47 million Line of Credit to Mozambique for constructing 1,200 ho
Exim Bank's USD 19.72 mn Line of Credit to Mozambique
RBI notifies AD Category-I banks about Exim Bank's USD 19.72 million Line of Credit to Mozambique for a rural drinking w
MSF Window Timings Shifted to Evening Slot
RBI has moved the Marginal Standing Facility (MSF) window to 7:00 PM–7:30 PM from the earlier 4:45 PM–5:15 PM, effective
RRB Claim Settlement for Uttarakhand Disaster Missing Persons
RRBs must settle claims for missing persons in the June 2013 Uttarakhand disaster using only the MHA-issued death certif
UCBs: Settle Uttarakhand disaster missing persons' claims with death certificate only
RBI directs Urban Co-operative Banks to settle claims of persons missing in the June 2013 Uttarakhand disaster using onl
Bank Rate Cut to 8.75%: Impact on RRBs and Co-op Banks
RBI cut the Bank Rate by 25 bps to 8.75% effective October 29, 2013. This directly lowers penal interest rates on reserv
Settlement of Claims for Missing Persons in Uttarakhand Disaster
RBI directs StCBs/CCBs to settle claims for missing persons in the 2013 Uttarakhand disaster using only the MHA-issued d
Bank Rate Cut to 8.75%: Impact on UCBs
RBI reduced the Bank Rate by 25 bps to 8.75% effective October 29, 2013. This lowers penal interest rates on reserve sho
Bank Rate Cut by 25 bps to 8.75% from Oct 29, 2013
RBI reduced the Bank Rate by 25 basis points to 8.75% effective October 29, 2013, as part of the Second Quarter Review o
RBI tightens 'at par' cheque usage for RRBs and cooperative banks
RBI restricts RRBs and cooperative banks from using 'at par' cheques for walk-in customers over ₹50,000 and mandates KYC
Repo Rate Hiked to 7.75%: Standing Liquidity Facilities Costlier
RBI raised the repo rate by 25 bps to 7.75% effective October 29, 2013. Consequently, standing liquidity facilities for
RBI Tightens Due Diligence on Correspondent Banking with Co-op Banks
RBI mandates commercial banks to treat 'at par' cheque facilities for cooperative banks as correspondent banking arrange
FDI in Financial Sector: NoC Waived for Share Transfers
RBI has waived the requirement to file No Objection Certificates (NoCs) from financial sector regulators along with form
Rough Diamond Import: Mining Company Name Changes
RBI updates the list of approved mining companies for advance remittance imports of rough diamonds. Two company names ar
RBI Allows Third Party Payments for Export/Import
RBI now permits AD Category-I banks to process export payments from third parties and import payments to third parties,
Unlisted Indian Firms Can Now Raise Capital Abroad Without Domestic Listing
RBI now allows unlisted Indian companies to raise capital abroad via ADRs/GDRs without prior or simultaneous domestic li
UAPA Sanctions List Update: Q3 2013 Compliance
RBI mandates banks to update UNSCR 1267/1989 Al Qaida sanctions list with Q3 2013 changes. All new and existing accounts
RBI Directs Banks to Issue TDS Certificates on Time
RBI has instructed all scheduled commercial banks (excluding RRBs) to issue TDS Certificate Form 16A to customers within
NBFCs must shift from PDCs to ECS debit mandates
RBI directs all NBFCs to stop accepting fresh post-dated or EMI cheques in locations with ECS/RECS debit facility, and c
Lead Bank Responsibility for New Agar-Malwa District
RBI assigns Bank of India as lead bank for the newly formed Agar-Malwa district in Madhya Pradesh, effective August 16,
Lead Bank Responsibility for 7 New Gujarat Districts
RBI assigned lead bank responsibility for seven new Gujarat districts to Dena Bank, Bank of Baroda, and State Bank of In
FDI: RBI defines 'group company' for FEMA compliance
RBI has formally defined 'group company' under FEMA as enterprises where one holds 26%+ voting rights or appoints >50% o
UCBs: BSBDA FAQs – No Minimum Balance, One Per Customer
RBI clarifies that Basic Savings Bank Deposit Accounts (BSBDA) replace no-frills accounts, require zero minimum balance
Exim Bank's $149.72 mn Line of Credit to Mozambique
RBI notified AD Category-I banks about Exim Bank's USD 149.72 million Line of Credit to Mozambique for road rehabilitati
Infrastructure Lending Definition Updated: Hotels & Convention Centres Added
RBI expanded infrastructure lending to include hotels costing over Rs 200 crore and convention centres over Rs 300 crore
RBI Extends Concessional Swap Window for AD Banks' Foreign Borrowings
RBI allows AD Category-I banks with firm loan commitments from international/multilateral institutions by Nov 30, 2013,
UCBs: Speed Up Recovery of Undue ADWDRS Benefits
RBI has flagged slow recovery of undue benefits under the Agricultural Debt Waiver & Debt Relief Scheme 2008 by Urban Co
Rupee Value of Special Currency Basket Revised to Rs.86.51
RBI has revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile U
Trade Credit Reporting Moves to XBRL Platform
RBI has mandated that all AD Category-I banks must report data on guarantees, LoUs, and LoCs for import trade credits ex
NRLM Interest Subvention Scheme for SHG Credit
RBI directs public sector banks to follow detailed guidelines for the Interest Subvention Scheme under NRLM for SHG cred
RBI eases cash handling rules for White Label ATMs
RBI has withdrawn the restriction that WLAOs or their agents cannot access cash at WLAs, allowing them to handle cash di
UCBs Allowed as PAN Service Agents via UTIITSL Tie-up
RBI permits only financially sound and well-managed Primary (Urban) Co-operative Banks to act as PAN Service Agents by t
CRGFTLIH Guaranteed Housing Loans: Zero Risk Weight & No NPA Provisioning
RBI allows Urban Co-operative Banks to assign zero risk weight to the guaranteed portion of housing loans backed by CRGF
NBFCs Must Register Equitable Mortgages with CERSAI
RBI mandates all NBFCs to file records of equitable mortgages created on or after March 31, 2011, with CERSAI. This ensu
FIIs, QFIs, Long-Term Investors Can Now Buy Credit Enhanced Bonds
RBI allows SEBI-registered FIIs, QFIs, and long-term investors to invest in credit enhanced bonds up to USD 5 billion, w
Gold Import Rules: AA/DFIA Clarifications for Banks
RBI clarifies that Advance Authorisation (AA) and Duty Free Import Authorisation (DFIA) for gold must be used solely for
RBI Introduces Cash-Settled 10-Year IRF, Revises 2009 Directions
RBI has introduced cash-settled Interest Rate Futures on the 10-year Government of India security, superseding the 2009
RBI Updates Stress Testing Guidelines for Banks
RBI has updated stress testing guidelines effective April 1, 2014, requiring all scheduled commercial banks (excluding R
Revised General Credit Card (GCC) Scheme 2013
RBI revised the GCC scheme to boost non-farm entrepreneurial credit to individuals. Banks must report all such credit un
FCNR(B) Deposit Rate Ceiling Extended to Jan 31, 2014
RBI has extended the existing interest rate ceiling on FCNR(B) deposits unchanged until January 31, 2014. The earlier de
NRE Deposit Rate Deregulation Extended to Jan 31, 2014
RBI extends the freedom for banks to set interest rates on incremental NRE deposits of 3 years and above without any cei
RBI Expands Infrastructure Lending Definition for NBFCs
RBI has updated the infrastructure lending definition for NBFCs, adding hotels (project cost >₹200 crore) and convention
RBI Allows Shorter Interest Payment Intervals on Deposits
RBI now permits banks to pay interest on rupee savings and term deposits at intervals shorter than quarterly, replacing
FATF AML/CFT Compliance Update – Oct 2013
RBI directs banks to consider FATF's updated October 2013 statement on AML/CFT compliance gaps in certain jurisdictions.
NBFCs: RBI Allows Case-by-Case Relaxation of 50% Group Cap in Insurance JVs
RBI will now consider relaxing the 50% group equity cap for NBFCs in insurance JVs on a case-by-case basis when IRDA man
RBI mandates 9% minimum CRAR for RRBs from March 2014
RBI has directed all Regional Rural Banks to achieve and maintain a minimum Capital to Risk-weighted Assets Ratio (CRAR)
RBI Mandates Actual-Usage-Based SMS Alert Charges
RBI advises all scheduled commercial banks (excluding RRBs) to charge customers for SMS alerts on actual usage basis, le
Priority Sector Lending: Medium Enterprises & MSME Loan Limits Expanded
RBI now classifies incremental bank loans to medium manufacturing enterprises (post-Nov 13, 2013) as priority sector adv
RBI Advises UCBs to Levy SMS Alert Charges on Actual Usage Basis
RBI advises Urban Co-operative Banks to charge SMS alerts on actual usage basis only, ensuring fairness and equity. No f
UCBs Must Issue TDS Certificates on Time
RBI directs urban co-operative banks to issue Form 16A TDS certificates to customers within the Income Tax Rules timelin
CCIL Reporting for OTC FX and IR Derivatives Expanded
From Dec 30, 2013, all Category-I AD banks and PDs must report interbank and client OTC currency swaps, FCY FRA/IRS, and
UAPA Section 51-A: Update UN Al Qaida Sanctions List
RBI mandates banks to update and screen customers against the latest UN Al Qaida sanctions list under UAPA, 1967. New ac
Interest Subvention Scheme 2013-14 for Crop Loans
Banks offering short-term crop loans up to Rs.3 lakh at 7% p.a. to farmers can claim 2% interest subvention from the Gov
ECB for Holding Companies/CICs for Infrastructure SPVs (2013)
RBI permitted Holding Companies and Core Investment Companies to raise ECB for infrastructure SPVs. Proceeds can fund fr
FCNR(B) Deposit Rate Ceiling Extended to Jan 31, 2014
RBI extends the existing interest rate ceiling on FCNR(B) deposits for AD Category-1 UCBs until January 31, 2014, withou
NRE Deposit Rate Deregulation Extended for UCBs
RBI extends the freedom for Urban Co-operative Banks to set interest rates on incremental NRE deposits of 3 years and ab
NRE Deposit Rate Deregulation Extended for Co-op Banks
RBI extends the freedom for State and Central Co-operative Banks to set interest rates on incremental NRE deposits of 3
RRBs: Option for Shorter Interest Payment Intervals on Deposits
RBI now allows RRBs to pay interest on rupee savings and term deposits at intervals shorter than quarterly, aligning wit
NRE Deposit Rate Deregulation Extended for RRBs till Jan 31, 2014
RBI extends the freedom for Regional Rural Banks to offer uncapped interest rates on incremental NRE deposits of 3 years
FCNR(B) Deposit Rate Ceiling Extended for RRBs
RBI extends the existing FCNR(B) deposit interest rate ceiling for Regional Rural Banks unchanged until January 31, 2014
SDS 1975 Interest Payment for CY 2013
RBI directs banks to pay SDS 1975 account holders interest at 8.8% for Jan-Mar 2013 and 8.7% for Apr-Dec 2013, disbursed
RBI Clarifies NPA Norms for Credit Card Accounts
RBI mandates that credit card accounts become NPAs if the minimum amount due is unpaid within 90 days from the next stat
RTGS ISO 20022 Deadline Extended to March 31, 2014
RBI has extended the deadline for RTGS members to fully adopt ISO 20022 messaging without conversion from older 'R' seri
DTL on Special Reserve under Section 36(1)(viii) of IT Act
RBI mandates banks to create deferred tax liability (DTL) on Special Reserve under Section 36(1)(viii) of the Income Tax
RBI Clarifies Bank Participation in Exchange Traded Interest Rate Futures
RBI confirms commercial banks and standalone primary dealers can trade IRFs for hedging and trading, but not for clients
Rupee Value of Special Currency Basket Revised to Rs.83.56
RBI revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile USSR
Exim Bank's $30.94 mn Line of Credit to Laos
RBI notifies AD Category-I banks of Exim Bank's USD 30.94 million Line of Credit to Laos for irrigation and storage dam
UAPA Compliance: Update Al-Qaida Sanctions List for Q3 2013
RBI directs RRBs and cooperative banks to update the UN Al-Qaida sanctions list with Q3 2013 amendments, screen new and
FATF AML/CFT Update for RRBs and Co-op Banks
RBI directs RRBs and co-op banks to consider FATF's October 2013 update on high-risk jurisdictions. Banks must review AM
Novation of OTC Derivative Contracts: Operational Guidance
RBI clarifies novation rules for OTC derivatives: a tripartite agreement replaces a counterparty with a new one, transfe
Chhattisgarh Rajya Sahakari Bank Added to RBI Second Schedule
RBI has included Chhattisgarh Rajya Sahakari Bank Maryadit, Raipur in the Second Schedule to the RBI Act, 1934, effectiv
UCBs Must Update Al-Qaida Sanctions List for Q3 2013
RBI directs Primary Urban Co-operative Banks to update their records with the latest Al-Qaida sanctions list amendments
RBI eases rollover of overseas guarantees for Indian parties
RBI now allows renewal of existing guarantees for overseas JVs/WOSs without counting as fresh financial commitment, prov
RBI Updates NBFCs on FATF AML/CFT Jurisdiction Risks
RBI directs all NBFCs to review the updated FATF statement on AML/CFT compliance deficiencies in certain jurisdictions.
CRGFTLIH Guaranteed Loans: Risk Weight & Provisioning Norms for NBFC-MFIs
RBI allows NBFC-MFIs to assign zero risk weight and skip provisioning on the guaranteed portion of low-income housing lo
CVA Risk Capital Charge on OTC Derivatives Deferred to April 2014
RBI has postponed the CVA risk capital charge on OTC derivatives from January 1, 2014 to April 1, 2014, due to delays in
Gold Dore Import Rules Tightened for Refineries
RBI has issued new norms for gold dore imports by refineries: initial 15% of average viable quantity on FIFO in the firs
Online Quarterly Statements for SC/RCs
RBI mandates SC/RCs to file quarterly statements SCRC 1 and SCRC 2 online from Q1 2014, replacing postal submissions. De
PMLA Amendment: Designated Director & Fine Provisions
RBI mandates banks to nominate a Board Director as 'designated director' for PMLA compliance. The amendment empowers the
VCES 2013: Extended Banking Hours & E-Payment Deadline on Dec 31
RBI directs agency banks to keep designated branches open until 6 PM on Dec 31, 2013, extend e-payment deadline to midni
Bullet Repayment for Gold Loans Up to Rs 1 Lakh
RBI now permits bullet repayment for non-agriculture gold loans up to Rs 1 lakh, with a 12-month tenure. Interest accrue
IINSS-C 2013 Issue Extended to March 31, 2014
RBI extended the closing date for Inflation Indexed National Savings Securities-Cumulative (IINSS-C) 2013 from December
Meghalaya: Lead Bank for 4 New Districts Assigned to SBI
RBI assigns State Bank of India as lead bank for four newly formed districts in Meghalaya—North Garo Hills, East Jaintia
RBI allows rupee bond proceeds for infrastructure lending
RBI now permits Indian entities authorized by the government to use proceeds from tax-free, secured, redeemable, non-con
RBI expands Rupee Drawing Arrangement transaction list
RBI has added new permissible transactions under Rupee Drawing Arrangements (RDAs) via Exchange Houses, expanding the sc
FDI Optionality Clauses: Pricing & Exit Rules
RBI now allows optionality clauses in FDI equity and compulsorily convertible instruments, enabling exit without assured
NRI Joint Holder in Resident Accounts: Either-or-Survivor Allowed
RBI now permits AD banks to add NRI close relatives as joint holders in resident accounts on 'Either or Survivor' basis,
RRBs Must Now Mark SLR Securities to Market from April 2014
RBI withdraws MTM exemption for RRBs' SLR securities. From April 1, 2014, RRBs must classify investments into HTM, AFS,
Minimum CRAR norms for State and Central Cooperative Banks
RBI mandates StCBs/CCBs to achieve a minimum CRAR of 9% by March 31, 2017, with an interim target of 7% by March 31, 201
PSOs Must Update UN Sanctions Lists for UAPA Compliance
RBI mandates all Payment System Operators to update UNSCR 1267 sanctions lists, screen new and existing accounts against
RBI Updates AML/CFT Standards for Payment Operators
RBI directs all PSS Act-authorized payment system operators to review FATF's updated October 2013 statement on AML/CFT c
Banks' Exposure to Central Counterparties: Interim Norms
RBI has temporarily exempted banks' clearing exposure to Qualifying CCPs (QCCPs) from the 15% single-counterparty exposu
ECB Policy: MRO Now Part of Airport Infrastructure
RBI has expanded the infrastructure sector definition for ECB to include Maintenance, Repairs and Overhaul (MRO) as part
RBI Eases Rules for Bonus Non-Convertible Preference Shares to Non-Residents
RBI now allows Indian companies to issue non-convertible/redeemable bonus preference shares or debentures to non-residen
Note Sorting Machine Incentives Extended to Co-op Banks
RBI extends NSM installation cost reimbursement to all licensed State Co-operative Banks and District Central Co-operati
RBI Clarifies FX Rate for ECB-to-Equity Conversion
RBI clarifies that for converting foreign-currency liabilities (ECB, royalties, etc.) into equity, the exchange rate on
RBI Tightens Norms for Unhedged Forex Exposure of Borrowers
RBI mandates incremental provisioning and capital requirements for bank exposures to entities with unhedged foreign curr
Hong Kong & Macau entities now need RBI nod for India offices
RBI has clarified that entities from Hong Kong and Macau now require prior RBI approval to set up liaison, branch, or pr
RBI eases forward contract cancellation and rebooking rules
RBI now allows free cancellation and rebooking of forward contracts for all current account and capital account transact
Exim Bank's $125 mn Line of Credit to Sudan for Sugar Project
RBI notifies AD Category-I banks about Exim Bank's USD 125 million Line of Credit to Sudan's government for the Mashkour
RBI Clarifies Guardianship Certificates for Disabled Account Holders
RBI updated guidelines on accepting guardianship certificates for opening/operating bank accounts for persons with autis
UAPA Compliance: Updated UN Al-Qaida Sanctions List for NBFCs (January 2014)
RBI directs NBFCs to update and screen customers against the updated UN Al-Qaida sanctions list (twentieth to thirtieth
DCB Bank Name Change Officially Recorded in RBI Schedule
RBI notified that Development Credit Bank Limited was renamed DCB Bank Limited in the Second Schedule to the RBI Act, ef
RRBs/Co-op Banks: Nominate Designated Director for PMLA Compliance
RBI mandates RRBs and cooperative banks to nominate a Board Director as 'designated director' to ensure PMLA compliance,
FEMA Section 6(4): Clarification on Holding Foreign Assets
RBI clarifies that returning residents can freely use eligible foreign assets (accounts, income, inheritance) for paymen
Exim Bank's USD 42.61 mn Line of Credit to Benin for Water Supply
RBI notifies AD Category-I banks about Exim Bank's USD 42.61 million Line of Credit to Benin for upgrading water supply
Exim Bank's USD 19.5 mn Line of Credit to Vietnam
RBI notifies AD Category-I banks about Exim Bank's USD 19.50 million Line of Credit to Vietnam for financing two project
RBI exempts NBFCs issuing PPIs from Chapter IIIB of RBI Act
RBI exempts non-banking institutions authorised under PSS Act to issue prepaid payment instruments from Chapter IIIB of
RBI Advises RRBs to Charge SMS Alerts on Actual Usage Basis
RBI directs Regional Rural Banks to charge SMS alerts based on actual usage, not flat fees, ensuring fairness. Banks mus
RBI eases ARC debt conversion, enforcement, and inter-ARC acquisition rules
RBI now permits ARCs to convert up to 26% of borrower debt into equity, lowers enforcement consent threshold to 60%, and
RBI Harmonises NBFC Restructuring Norms with Banks
RBI aligned NBFC restructuring guidelines with bank norms, effective January 23, 2014. Key changes include DCCO extensio
NEFT Customer Service and Charges Compliance
RBI warns banks on NEFT compliance gaps: branches mischarge walk-in customers, staff lack awareness of fee caps and serv
UCBs: Legal Guardianship Certificates for Disabled Persons' Accounts
RBI clarifies that UCBs can accept guardianship certificates under the Mental Health Act, 1987 (for mentally ill persons
RBI Caps Gold Loan LTV at 75% with Standardised Valuation
RBI has capped LTV at 75% for loans against gold jewellery, including bullet repayment loans. Valuation must use the 30-
KYC/AML Norms: Board Resolution No Longer Needed for Forex with AMCs
RBI has removed the requirement for corporates to submit a Board Resolution and Power of Attorney when dealing with Auth
FII Remittance Flexibility: Any Bank Allowed for Forex Inflows
RBI clarifies that foreign investors can remit funds through any bank for permitted FEMA transactions, not just their de
RBI Revises Merchanting Trade Guidelines for AD Banks
RBI has simplified merchanting trade rules, effective January 17, 2014. Key changes: 9-month completion period, 4-month
LAF Reverse Repo Window Timing Shifted to Evening
RBI has moved the LAF Reverse Repo window from 4:45-5:15 PM to 7:00-7:30 PM, effective January 20, 2014. This change, ba
Bank Rate Hiked to 9%: Impact on RRBs and Co-op Banks
RBI raised the Bank Rate by 25 bps to 9.00% effective January 28, 2014, following the repo rate hike. This directly incr
RRB Schedule Inclusion/Exclusion: 5 New, 11 Old Banks
RBI included 5 amalgamated RRBs in the Second Schedule and excluded 11 erstwhile RRBs, via notifications dated October 2
RBI doubles sub-limit for long-term foreign investors in govt securities
RBI has doubled the sub-limit for SEBI-registered long-term investors (SWFs, pension funds, etc.) in government dated se
Ban on Crediting Account Payee Cheques to Third Parties
RBI reiterates that RRBs, StCBs, and CCBs must not credit 'account payee' cheques to anyone other than the named payee.
MSF Rate Hiked by 25 bps to 9.00%
RBI raised the Marginal Standing Facility rate by 25 basis points to 9.00%, effective immediately, as part of the Third
Repo Rate Hiked 25 bps to 8.00%
RBI raised the repo rate by 25 basis points to 8.00% with immediate effect. The reverse repo rate automatically adjusted
Bank Rate Hiked to 9%: Impact on Urban Co-op Banks
RBI raised the Bank Rate by 25 bps to 9.0% effective January 28, 2014, as part of the Third Quarter Review of Monetary P
Bank Rate Hiked to 9%: Penal Rates on Reserve Shortfalls Revised
RBI raised the Bank Rate by 25 bps to 9.0% effective January 28, 2014, following the repo rate hike. Penal interest rate
Withdrawal of Pre-2005 Banknotes: RBI Circular
RBI withdraws all banknotes issued before 2005 from circulation. They remain legal tender but must be exchanged at bank
New CRE-Residential Housing Sub-Sector: Lower Risk Weights & Provisioning
RBI has carved out a CRE-Residential Housing (CRE-RH) sub-sector from CRE, with lower risk weight of 75% and standard as
Repo Rate Hiked to 8%: Standing Liquidity Facilities Cost More
RBI raised the repo rate by 25 bps to 8.00% effective January 28, 2014. Consequently, standing liquidity facilities unde
RBI Caps Intra-Group Exposures for Banks
RBI has introduced prudential limits on intra-group transactions and exposures for scheduled commercial banks, effective
RRBs: CRR/SLR exemption on FCNR(B)/NRE deposits withdrawn from March 8, 2014
RBI withdraws CRR/SLR exemption on incremental FCNR(B)/NRE deposits (3-year+ maturity) for RRBs from March 8, 2014. Only
RBI Allows Use of 33% Countercyclical Buffer for NPAs
RBI permits banks to use up to 33% of their countercyclical provisioning buffer or floating provisions held as of March
NRE Deposit Rate Deregulation Extended Till Feb 28, 2014
RBI extends freedom to set NRE deposit rates without ceiling for 3-year+ tenors until Feb 28, 2014. From March 1, 2014,
FCNR(B) Deposit Rate Ceilings Extended for UCBs
RBI extends the current FCNR(B) interest rate ceilings for UCBs until February 28, 2014. From March 1, 2014, the ceiling
NBFC-MFI Pricing of Credit: New Interest Rate Cap
RBI caps NBFC-MFI lending rates at the lower of cost-plus-margin or 2.75 times the average base rate of the five largest
RBI launches EDPMS for export data reporting
RBI introduces EDPMS, a single IT platform for AD banks to report all export-related returns (XOS, ENC, Sch.3-6, EBW, ET
Mizuho Corporate Bank renamed to Mizuho Bank in RBI Schedule
RBI has officially changed the name of 'Mizuho Corporate Bank Ltd.' to 'Mizuho Bank Ltd.' in the Second Schedule of the
RBI eases third-party payment norms for exports/imports
RBI has relaxed the requirement for a tripartite agreement for third-party payments in export/import transactions, allow
FCNR(B)/NRE Deposit CRR/SLR Exemption Withdrawal Timeline
RBI will withdraw CRR/SLR exemption on incremental FCNR(B) and NRE deposits (3+ years maturity) from March 8, 2014. Depo
NRE Deposit Rate Ceiling Extended Till Feb 28, 2014
RBI extends the freedom for banks to offer uncapped interest rates on incremental NRE deposits of 3 years and above unti
FCNR(B) Deposit Rate Ceiling Extended, Then Cut for 3-5 Year Tenor
RBI extended the higher FCNR(B) deposit rate ceiling (LIBOR/Swap + 400 bps for 3-5 years) until Feb 28, 2014. From March
Exim Bank's USD 10 mn Line of Credit to Nicaragua
RBI notifies AD Category-I banks about Exim Bank's USD 10 million Line of Credit to Nicaragua for financing Indian goods
FDI Rules for MSEs and Reserved Items Updated
RBI revised FDI norms for MSEs (formerly SSIs) aligning with MSMED Act 2006. MSEs not in Annex A can issue shares/debent
KYC/AML Compliance: Designated Director Mandate for UCBs
RBI mandates Primary Urban Cooperative Banks to nominate a Board Director as 'designated director' to ensure compliance
NRO Remittance Reporting: Monthly from Feb 2014
RBI now requires AD Category-I banks to report NRO remittances (including sale of immovable property) monthly instead of
ECB Reporting: New Hedging Details in ECB-2 Return
RBI has modified the ECB-2 Return format to include a new Part-E for capturing details of financial hedges on foreign cu
RBI cuts CP sub-limit for foreign investors by USD 1.5 billion
RBI reduced the Commercial Paper sub-limit for FIIs, QFIs, and long-term investors from USD 3.5 billion to USD 2 billion
Gold Import Rules: AA/DFIA Clarifications & 20:80 Scheme Update
RBI clarifies that AA/DFIA imports are outside the 20:80 scheme and don't entitle further imports. For third lots, impor
CRILC Reporting: Threshold Lowered to ₹5 Crore, SMA-2 Added
RBI has revised CRILC reporting: exposure threshold drops from ₹10 crore to ₹5 crore from June 2014 quarter, and banks m
Term Repo Auction Timings Revised to 11:00-11:30 AM
RBI has moved Term Repo auctions under LAF from afternoon (2:30-3:00 PM) to morning (11:00-11:30 AM), effective immediat
Revised FC-GPR Form for FDI Reporting
RBI has revised the FC-GPR form to capture granular FDI details like brownfield/greenfield investments and investee comp
FCNR(B) Rate Ceiling Extended for RRBs and Cooperatives
RBI extends the current FCNR(B) deposit interest rate ceiling for RRBs and cooperative banks until February 28, 2014. Fr
NRE Deposit Rate Deregulation Extended for RRBs and Cooperatives
RBI extends the freedom for RRBs and cooperative banks to offer uncapped interest rates on incremental NRE deposits of 3
MTSS Direct-to-Account Remittances Allowed via NEFT/IMPS
RBI now permits foreign inward remittances under MTSS to be credited directly to beneficiaries' KYC-compliant bank accou
RBI Recognises e-Aadhaar as Officially Valid Document for KYC
RBI now allows banks to accept e-Aadhaar downloaded from UIDAI as an officially valid document for KYC, subject to verif
Pre-2005 Banknote Exchange Deadline Extended to Jan 1, 2015
RBI extends the exchange deadline for pre-2005 banknotes to January 1, 2015. Banks must continue accepting these notes a
Chinatrust Commercial Bank renamed CTBC Bank in RBI Schedule
RBI has officially updated the Second Schedule of the RBI Act, 1934, replacing 'Chinatrust Commercial Bank' with 'CTBC B
EDPMS Goes Live: New Export Reporting Platform from March 1, 2014
RBI has operationalised the Export Data Processing and Monitoring System (EDPMS) from February 28, 2014, available to AD
Fit & Proper Criteria for CEOs of Multi-State UCBs
RBI mandates all Multi-State Urban Co-operative Banks to strictly follow the Government of India's minimum eligibility c
RRB Second Schedule Updates: 8 Banks In, 20 Out
RBI included 8 amalgamated Regional Rural Banks in the Second Schedule and excluded 20 erstwhile RRBs, effective Novembe
Revitalising Distressed Assets: Refinancing & NPA Sale Rules
RBI allows banks to refinance standard infrastructure project loans without classifying them as restructuring, provided
Call/Notice Money Market Prudential Limits: Self-Set by Banks
RBI has ended the practice of banks approaching it for fixing prudential limits in Call/Notice Money Market. Banks/PDs/c
RBI's JLF and CAP Framework for Distressed Assets
RBI mandates banks to form Joint Lenders' Forum (JLF) for accounts with aggregate exposure of Rs 1000 million or more wh
Security Incident Tracking Platform for Banks
RBI directs all scheduled commercial banks to report information security incidents on IDRBT's new anonymous platform, h
RBI tightens rules on ARC asset buybacks and sponsor deals
RBI now bars ARCs from buying NPAs directly from sponsor banks bilaterally; only transparent auctions allowed. Promoters
SC/RCs can use up to 25% of QIB funds for asset restructuring
RBI now allows SC/RCs with over Rs 500 crore in acquired assets to use up to 25% of QIB-raised funds under a scheme for
RBI Updates AML/CFT Standards for Payment Operators
RBI directs all PSS Act-authorized payment system operators to consider FATF's February 2014 update on high-risk jurisdi
Pre-PLP Meetings Moved to June
Lead District Managers must now hold pre-PLP meetings in June each year, instead of August/September, to align with NABA
FATF AML/CFT Update for RRBs and Co-op Banks
RBI directs RRBs and co-operative banks to consider FATF's February 2014 update on high-risk jurisdictions. This does no
e-Aadhaar Now Valid KYC Document for RRBs and Co-op Banks
RBI now allows RRBs and cooperative banks to accept e-Aadhaar downloaded from UIDAI as an officially valid document for
FATF AML/CFT Update for Urban Co-operative Banks
RBI directs Primary (Urban) Co-operative Banks to review FATF's February 2014 statement on AML/CFT compliance gaps in ce
RBI raises trade remittance limit under Rupee Drawing Arrangement
RBI has increased the per-transaction trade remittance limit under Rupee Drawing Arrangements from Rs 2 lakh to Rs 5 lak
MFI Loan Pricing Caps for Priority Sector Classification
RBI tightened pricing norms for bank loans to MFIs under priority sector. From April 1, 2014, MFIs with loan portfolios
e-Aadhaar Now Valid for KYC at Urban Cooperative Banks
RBI now allows Primary (Urban) Cooperative Banks to accept e-Aadhaar downloaded from UIDAI as an officially valid docume
RBI Mandates Actual-Use SMS Alert Charges for Cooperative Banks
RBI directs StCBs/DCCBs to charge SMS alerts on actual usage basis only, leveraging technology to ensure fairness. No fl
FATF Updates AML/CFT Compliance: Banks Must Act
RBI directs banks to consider FATF's updated February 2014 statement on AML/CFT compliance deficiencies in certain juris
Special Clearing Operations for FY 2013-14 Closing
RBI mandates special clearing on March 29-31, 2014, to ensure all government transactions are accounted by March 31. Ban
Year-End Govt Account Closing: Extended Hours for Agency Banks
RBI directs agency banks to keep counters open till 8 PM on March 29 and 31, 2014, and select branches on March 30 and h
RBI hikes investment limits for Inflation Indexed National Savings Securities
RBI raised the maximum annual investment in IINSS-C to ₹10 lakh for individuals and ₹25 lakh for non-profit institutions
RBI Consolidates FII/QFI into New Foreign Portfolio Investment Scheme
RBI has replaced the separate FII and QFI frameworks with a unified 'Foreign Portfolio Investment' scheme. Existing FIIs
RBI Extends Balance Sheet Disclosure Norms to All Urban Co-op Banks
RBI now requires all Urban Co-operative Banks (UCBs), including Tier I, to disclose detailed financial information like
RBI Ends Weekly Reporting of Client IRS/FRA to FMD
From April 4, 2014, banks and primary dealers no longer need to report client-level Rupee IRS/FRA transactions weekly to
UCBs Can Now Issue Long Term Deposits to Non-Members for Tier II Capital
RBI now allows Primary Urban Co-operative Banks to issue Long Term Deposits (LTDs) to non-members, including those outsi
Early Distress Recognition & Resolution for NBFCs
RBI mandates NBFCs to classify stressed loans as Special Mention Accounts (SMA) under the framework effective from April
Depositor Education and Awareness Fund Scheme 2014
RBI mandates banks to transfer deposits unclaimed for 10+ years to a new Fund. Depositors can still claim their money fr
PPF and SCSS Interest Rates Unchanged for FY 2014-15
RBI notified that PPF (1968) and SCSS (2004) interest rates remain unchanged at 8.7% and 9.2% respectively for FY 2014-1
RBI Updates NBFCs on FATF AML/CFT Compliance List
RBI directs NBFCs to consider FATF's updated February 2014 statement on jurisdictions with AML/CFT deficiencies. This do
RBI Simplifies KYC Norms for Foreign Portfolio Investors
RBI has simplified KYC for eligible FPIs (duly registered with SEBI and having undergone KYC due diligence/verification
RBI Consolidates Prepaid Payment Instrument Guidelines
RBI issued consolidated guidelines for prepaid payment instruments (PPIs) on March 28, 2014, superseding all earlier cir
RTGS ISO 20022 Deadline Extended to June 30, 2014
RBI extends RTGS ISO 20022 messaging compliance deadline to June 30, 2014, after participants cited technical difficulti
Revised Merchanting Trade Guidelines for AD Banks
RBI has revised merchanting trade guidelines to simplify procedures. Key conditions: goods must not enter India, no tran
Cross Border Wire Transfer Reporting via FINnet Gateway
Banks must report cross border wire transfers over Rs. 5 lakh to FIU-IND by the 15th of the following month using the ex
Multi-State UCBs: Selling Assets to SC/RCs Now Permitted
RBI now allows Multi-State Urban Cooperative Banks to sell financial assets (NPAs and certain standard assets) to Securi
Revised Capital Rules for PDs on Derivatives and Repo
RBI revised capital charge guidelines for standalone Primary Dealers on interest rate derivatives, repo/reverse repo, an
Exposure Norms for Standalone Primary Dealers
RBI exempts standalone PDs' clearing exposure to Qualifying CCPs from the 25% single-counterparty limit, effective April
RBI Relaxes Forward Contract Cancellation Rules for Exporters/Importers
RBI now allows exporters and importers to cancel up to 75% of forward contracts booked under past-performance-based hedg
Basel III Capital Planning: Extended Timeline & Revised Transition
RBI extended Basel III full implementation to March 31, 2019, delaying Capital Conservation Buffer start to March 31, 20
March 2014 Govt Account Closing: Special Arrangements for Agency Banks
RBI sets April 15, 2014 as the residual transaction closure date for March 2014. Agency banks must segregate March and A
ECB for Civil Aviation Working Capital Extended to March 2015
RBI has extended the scheme allowing airlines to raise External Commercial Borrowings (ECB) for working capital under th
RDA Direct-to-Account Remittances via Electronic Mode
RBI now allows foreign inward remittances under Rupee Drawing Arrangement to be credited directly to KYC-compliant benef
RBI Policy on Overseas Property Transactions by Banks
RBI mandates Indian banks with overseas offices to get board-approved policies for property sale/purchase and lease/rent
RBI Creates NOFHC Category for New Bank Licenses
RBI has created a new NBFC category called Non-Operative Financial Holding Company (NOFHC) for promoter groups seeking n
Forward Contract Booking Limit Raised to $250,000 for Residents
RBI has raised the limit for booking forward contracts without underlying documents from $100,000 to $250,000 for reside
RBI restricts foreign investment in T-bills, short-term govt securities
RBI has barred fresh foreign investment in T-bills and government securities with residual maturity below one year. Only
UCBs Must Report Cross Border Wire Transfers Over Rs 5 Lakh on FINnet
All Primary Urban Co-operative Banks must now report cross border wire transfers exceeding Rs 5 lakh to FIU-IND using th
NBFC NOF Calculation: AIF Investments Clarified
RBI clarifies that NBFCs must include indirect investments via AIFs/VCFs in NOF calculation when the NBFC contributes 50
RBI Delegates More FEMA Compounding Powers to Regional Offices
RBI has expanded regional offices' authority to compound six specific FEMA contraventions related to foreign direct inve
RBI Tightens Gold Metal Loan Norms to Curb Frauds
RBI mandates stricter credit appraisal for Gold Metal Loans (GMLs), requiring both issuing and disbursing banks to indep
LAF Overnight Repo Quantum Halved to 0.25% of NDTL
RBI cut the overnight repo amount under LAF from 0.5% to 0.25% of bank-wise NDTL, effective immediately. This reduces da
RBI hikes term repo liquidity to 0.75% of NDTL
RBI increased the liquidity available under 7-day and 14-day term repos from 0.5% to 0.75% of banking system NDTL, effec
RBI Removes Approved List for Rough Diamond Advance Remittances
RBI has stopped notifying approved overseas mining companies for rough diamond imports. AD Category-I banks can now deci
Cross Border Wire Transfer Reporting via FINnet Gateway
RRBs and cooperative banks must report cross-border wire transfers over Rs. 5 lakh to FIU-IND by the 15th of each month
Uniform Accounting Standards for ARCs: RBI Guidelines
RBI mandates uniform accounting for ARCs from FY2014-15: pre-acquisition costs expensed immediately, revenue recognition
RBI Eases Cash Rules for Business Correspondents
RBI directs banks to reduce prefunding requirements for BCs to ~15% (deposits) and ~30% (bank guarantees) within 2 years
NBFCs Must Now File Cash/Suspicious Reports Only via FINnet Gateway (Circular dated April 22, 2014)
RBI mandates NBFCs to submit cash and suspicious transaction reports exclusively through the FINnet gateway in XML forma
RBI curbs misuse of overseas credit facilities by Indian firms
RBI has banned banks from issuing standby letters of credit, guarantees, or letters of comfort for overseas JV/WOS/WoSDS
FDI in Pharma: Non-Compete Clause Curbed
RBI has tightened FDI rules for pharma: non-compete clauses in brownfield deals now require FIPB approval, except in spe
RBI mandates governance overhaul for benchmark submitters
RBI accepted the Committee on Financial Benchmarks' recommendations to strengthen Indian Rupee interest rate and forex b
Differential Rate of Interest for MSE Borrowers
RBI directs banks to offer MSE borrowers a lower interest rate reflecting CGTMSE credit guarantee benefits and zero risk
RBI Auction of Four Government Securities on April 17, 2014
RBI will auction four dated securities totaling ₹20,000 crore on April 17, 2014, via uniform price method. Banks must su
Trade Credit Cost Ceiling Extended Till June 2014
RBI has extended the existing all-in-cost ceiling for trade credits for imports until June 30, 2014. No other changes to
ECB All-in-Cost Ceiling Extended Till June 2014
RBI has extended the existing all-in-cost ceiling for External Commercial Borrowings (ECB) until June 30, 2014. The ceil
ECB from overseas branches of Indian banks barred for rupee loan refinancing
RBI has prohibited eligible Indian companies from using ECB raised from overseas branches/subsidiaries of Indian banks t
ECB Re-schedulement: RBI Delegates Powers to AD Banks
RBI now allows AD Category-I banks to approve ECB re-schedulement (changes in drawdown/repayment schedule) without prior
RBI Circular on Urban Co-op Banks: May 2014
RBI circular dated May 7, 2014, to all Primary (Urban) Co-operative Banks (Ref: UBD.BPD.(PCB).Cir.No 58/16.20.000/2013-1
RBI Bans Prepayment Penalty on Floating Rate Loans to Individuals
RBI has banned foreclosure charges and prepayment penalties on all floating rate term loans to individual borrowers, eff
No Penal Charges on Inoperative Account Minimum Balance
RBI has barred banks from levying penal charges for non-maintenance of minimum balance in any inoperative account, effec
Minors' Bank Account Opening Norms Relaxed
RBI now allows minors of any age to open savings/fixed/recurring deposit accounts through a guardian. Minors above 10 ye
RBI to Auction ₹16,000 Crore in Four Government Securities on May 9, 2014
RBI will auction four dated securities totaling ₹16,000 crore on May 9, 2014, via uniform price method. Bids must be on
Interest Tax Act 1974: UCBs Must Act on Supreme Court Order
RBI directs all Urban Co-operative Banks to comply with a Supreme Court order on Interest Tax Act 1974 collections. Tran
FDI Reporting: AD Banks Can Now Approach Regional RBI for Delayed FC-TRS
RBI has rationalised FC-TRS filing for NRIs acquiring shares on stock exchanges: investee company now files the form. AD
RBI Auction of Four Government Securities for ₹16,000 Crore
RBI will auction four dated securities totaling ₹16,000 crore on May 2, 2014, using a uniform price method. Banks must s
Cross Border Wire Transfer Reporting: New Threshold & Format
RBI mandates reporting of cross border wire transfers over Rs 5 lakh to FIU-IND by 15th of the succeeding month using th
Cross Border Wire Transfer Reporting: New Threshold & Format
RBI mandates that all Indian Agents under MTSS report cross border wire transfers over Rs. 5 lakh to FIU-IND by the 15th
RBI Eases Long-Term Export Advances for Banks
RBI now permits AD Category-I banks to allow exporters with a 3-year track record to receive long-term export advances u
RBI Re-issues Four Government Securities Worth ₹16,000 Crore
RBI will auction four re-issued dated securities totaling ₹16,000 crore on May 23, 2014, using a uniform price method. B
LLPs now eligible as Indian Party for overseas investments
RBI now allows LLPs registered under the LLP Act, 2008 to act as an 'Indian Party' for overseas direct investments, enab
ECB from Foreign Equity Holders: AD Banks Get More Powers
RBI has delegated powers to AD Category-I banks to approve ECB proposals from indirect equity holders, group companies,
UCBs can now tie up with NSDL or other IT dept authorized agencies for PAN services
RBI expands PAN Service Agent options for financially sound UCBs: they can now partner with NSDL e-Governance Infrastruc
RBI Prohibits Penal Charges on Non-Maintenance of Minimum Balance in Inoperative Accounts for Urban Co-operative Banks
RBI has directed all primary urban co-operative banks not to levy penal charges for non-maintenance of minimum balances
RIDF and NABARD funds now count as priority sector indirect agriculture
From March 31, 2014, scheduled commercial banks can treat outstanding deposits placed under RIDF, Warehouse Infrastructu
RBI eases co-branded prepaid card rules for banks
RBI has granted banks general permission to issue rupee-denominated co-branded prepaid instruments, removing the need fo
RBI Tightens Customer Service Norms for RRBs
RBI issued additional customer service guidelines for Regional Rural Banks (RRBs), aligning them with standards for Sche
RBI Eases Rules for Indian Banks' Foreign Branches on Structured Products
Indian banks' foreign branches can now offer structured financial and derivative products not permitted in India, but on
RBI caps gold loan LTV at 75% for urban co-op banks
RBI has capped LTV at 75% for UCB gold loans, effective May 2014. Gold jewellery must be valued using the 30-day average
Minors' Bank Accounts: New Norms for UCBs
RBI now allows minors of any age to open savings/fixed/recurring deposit accounts through natural or legal guardians. Mi
UFCE Guidelines: Audit, Volatility, and Capital Clarified
RBI clarifies UFCE rules: quarterly self-certification (preferably internally audited) with annual statutory audit; RBI
RRBs must make branches and ATMs accessible for disabled persons
RBI directs RRBs to install ramps at all ATMs and branch entrances, make all new ATMs from July 1, 2014 talking ATMs wit
UCBs Allowed Semi-Closed Prepaid Payment Instruments Up to ₹10,000
RBI now permits UCBs that already have ATMs and ATM-cum-debit cards to issue semi-closed prepaid payment instruments up
RBI Mandates Prior Approval for NBFC Control Changes
RBI now requires all NBFCs (except Primary Dealers) to obtain prior written approval for any takeover, acquisition of co
Rupee Value of Special Currency Basket Revised to Rs.80.60
RBI revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with the erstwhile USSR
KYC Norms Simplified for FPIs at Urban Co-op Banks
RBI has simplified KYC norms for Foreign Portfolio Investors (FPIs) opening bank accounts under the Portfolio Investment
UCBs barred from charging prepayment penalty on floating rate loans
RBI has prohibited urban cooperative banks from levying foreclosure charges or prepayment penalties on all floating rate
CCTV Must Cover All Cash Ops in Currency Chests
RBI reiterates that all cash handling in currency chests—including soiled note packing—must be under CCTV surveillance.
CRILC Reporting Mandate for Large Credits
RBI mandates all term-lending and refinancing institutions to report borrower-wise exposure data to CRILC via XBRL from
RBI Eases Gold Import Norms for STH/PTH, Tweaks 20:80 Scheme
RBI has allowed Star Trading Houses and Premier Trading Houses to import gold under the 20:80 scheme, subject to past im
Bharatiya Mahila Bank Added to RBI Second Schedule
RBI added Bharatiya Mahila Bank Limited to the Second Schedule of the RBI Act, 1934, effective March 25, 2014. This gran
RBI mandates accessible bank branches and ATMs for disabled persons
RBI directs all scheduled commercial banks (excluding RRBs) to install ramps at all ATMs and branch entrances, make all
Export Credit Refinance Limit Cut to 32%
RBI reduced the export credit refinance (ECR) limit from 50% to 32% of eligible outstanding rupee export credit, effecti
DTL on Special Reserve for UCBs under Section 36(1)(viii)
RBI mandates all Primary Urban Co-operative Banks to create deferred tax liability on Special Reserve under AS 22, regar
RBI mandates designated director for NBFC AML compliance
RBI now requires NBFCs to nominate a Board director as 'designated director' to ensure PMLA compliance. Non-compliance c
SLBC Convenorship for Telangana Assigned to SBH
RBI assigned SLBC convenorship of the new Telangana state to State Bank of Hyderabad, effective June 2, 2014. Andhra Ban
Crystallization of Inoperative Foreign Currency Deposits
RBI mandates AD Category-I banks to convert inoperative foreign currency deposits (fixed or no fixed maturity) into rupe
UCBs told to avoid large loans to PSUs
RBI directs Urban Cooperative Banks to generally not grant large-value loans to Public Sector Undertakings, as such lend
DEAF Scheme 2014: Operational Guidelines for Banks
RBI operationalized the Depositor Education and Awareness Fund (DEAF) Scheme, requiring banks to transfer unclaimed depo
RBI Increases Past Performance Hedging Limit for Importers to 50%
RBI has raised the past performance hedging limit for resident importers from 25% to 50% of the eligible limit, effectiv
No Prepayment Penalty on Floating Rate Loans for Individuals
RBI bans foreclosure charges and prepayment penalties on all floating rate term loans to individual borrowers by StCBs,
RRBs: Minors' Account Opening Norms Relaxed
RBI allows RRBs to open savings/fixed/recurring deposit accounts for minors of any age through guardians. Minors aged 10
RRBs: No Penal Charges for Minimum Balance Shortfall in Inoperative Accounts
RBI has directed all Regional Rural Banks to stop levying penal charges for non-maintenance of minimum balance in any in
NBFCs must round off all transactions to nearest rupee
RBI mandates NBFCs to round off all transactions, including interest payments and charges, to the nearest rupee. Fractio
Pledge of Shares by NRIs in Favour of NBFCs Delegated to AD Banks
RBI now allows AD Category-I banks to approve pledge of listed equity shares held by non-resident investors to NBFCs for
FPIs, NRIs can now invest in non-convertible preference shares/debentures
RBI now allows registered FPIs, long-term investors (SWFs, pension funds, etc.), and NRIs to invest in non-convertible/r
CRR hike and SLR cut for cooperative banks from July 2014
RBI raised CRR for non-scheduled StCBs and all CCBs by 100 bps to 4% and cut SLR for all StCBs and CCBs by 250 bps to 22
RBI Hikes Annual Turnover Targets for PDs Serving Mid-Segment and Retail Investors
RBI has raised the minimum annual turnover target for Primary Dealers (PDs) serving mid-segment and retail investors. Ba
RBI Aligns CRR for Non-Scheduled UCBs, Cuts SLR by 250 bps
RBI raised CRR for non-scheduled urban co-op banks to 4% (up 100 bps) and cut SLR for all UCBs to 22.5% (down 250 bps),
RBI Introduces 28-Day Special Term Repo Auctions
RBI has launched 28-day special term repo auctions for up to 0.25% of banking system NDTL, starting June 6, 2014, on non
RBI cuts SLR for RRBs to 22.50% from June 14, 2014
RBI reduced the Statutory Liquidity Ratio (SLR) for Regional Rural Banks from 23% to 22.50% of NDTL, effective the fortn
RBI mandates designated director for PMLA compliance by PSOs
Payment system operators must nominate a board director as 'designated director' to ensure compliance with PMLA obligati
LRS Limit Raised to USD 125,000 per Financial Year (Effective June 3, 2014)
RBI has increased the Liberalised Remittance Scheme limit for resident individuals from USD 75,000 to USD 125,000 per fi
Exim Bank's USD 46 mn Line of Credit to Mauritius
RBI notifies AD Category-I banks about Exim Bank's USD 46 million Line of Credit to Mauritius for defence equipment. Ban
SLR Reduced to 22.5% from June 14, 2014
RBI cuts SLR by 50 bps to 22.5% of NDTL for scheduled commercial banks and local area banks, effective fortnight startin
RBI Allows Select UCBs to Offer Online Trading to Demat Holders
RBI now permits only Scheduled Primary (Urban) Co-operative Banks with a net worth of at least Rs 500 crore, SEBI regist
Simplified KYC Norms for Foreign Portfolio Investors (FPIs)
RBI has simplified KYC for FPIs opening bank accounts under the Portfolio Investment Scheme. Banks can now rely on KYC v
MTSS: Designated Director & PMLA Penalty Update
RBI mandates Indian Agents under MTSS to nominate a 'designated Director' for PMLA compliance. Non-compliance can attrac
PMLA Amendment: Fines for KYC/AML Lapses in Money Changing
RBI advises authorised persons to appoint a designated director for PMLA compliance. The amended Section 13(2) empowers
KYC Proof of Address Simplified for RRBs and Cooperative Banks
RBI now allows customers to submit just one proof of address (current or permanent) when opening an account. If the addr
RBI Delegates Asset Transfer Powers for LO/BO/PO to AD Banks
RBI now allows AD Category-I banks to approve asset transfers from foreign entities' Liaison/Branch/Project Offices to t
RBI Withdraws CRR/SLR Exemption on Incremental FCNR(B)/NRE Deposits for Urban Co-op Banks
RBI has withdrawn the CRR/SLR exemption on incremental FCNR(B) and NRE deposits (3+ years maturity) for urban co-operati
IS Audit Mandated for Urban Cooperative Banks
RBI directs all Primary Urban Cooperative Banks to adopt an Information System (IS) audit policy, conduct annual IS audi
Accessibility mandates for UCB branches and ATMs
RBI directs Primary Urban Co-operative Banks to install ramps at branch entrances, make all new ATMs from July 1, 2014 t
KYC Address Proof Simplified for Urban Co-op Banks
UCBs can now accept a single proof of address (current or permanent) for account opening or periodic KYC updates. If the
RBI Finalises Basel III LCR Norms for Banks
RBI issued final guidelines on Basel III Liquidity Coverage Ratio (LCR), effective January 1, 2015. LCR minimum starts a
RBI Simplifies Address Proof for Bank Accounts
RBI now allows customers to submit just one proof of address (current or permanent) when opening or updating a bank acco
RBI Tightens Compliance Norms: CCO Tenure & Eligibility
RBI mandates a minimum 3-year fixed tenure for Chief Compliance Officers (CCOs) in banks, with strict eligibility criter
COVID Resolution Framework: Mandatory Financial Ratios
RBI mandates five key financial ratios—TOL/ATNW, Total Debt/EBITDA, Current Ratio, DSCR, and ADSCR—for all resolution pl
MTSS record retention reduced to 5 years
RBI has reduced the mandatory record retention period for Indian Agents under MTSS from 10 years to 5 years, aligning wi
KYC/AML Record Retention Reduced to 5 Years for Money Changing Activities by Authorised Persons
RBI has reduced the mandatory record retention period for KYC/AML documents under PMLA from 10 years to 5 years for Auth
DEAF Scheme 2014: Operational Guidelines Clarified
RBI clarifies that banks must transfer unclaimed deposits (including accrued interest) to the DEAF Fund via E-Kuber port
UCBs Must Share Info with SIT on Demand
RBI directs all Primary Urban Co-operative Banks to fully cooperate with the Special Investigation Team (SIT) by providi
Revised Application Format for 8% Savings (Taxable) Bonds, 2003
RBI mandates revised bilingual application format for 8% Savings (Taxable) Bonds, 2003, notified in the Gazette on April
RBI Eases BC Norms: NBFCs Allowed, Distance Cap Removed
RBI now permits banks to appoint non-deposit taking NBFCs as Business Correspondents and removes the earlier distance li
Indian currency export/import limit raised to Rs 25,000
RBI has raised the limit for carrying Indian currency notes abroad from Rs 10,000 to Rs 25,000 for residents and most no
Sector-wise Advance Disclosure Norms Tightened
RBI mandates banks to disclose sector-wise advances and NPAs in financial statements from FY2014-15, replacing earlier n
Revised FLA Return Format for Indian Companies
RBI has revised the annual Foreign Liabilities and Assets (FLA) return format to include Outward Foreign Affiliated Trad
Syndicate Bank Removed from RBI Schedule II
RBI has formally removed Syndicate Bank from the Second Schedule of the RBI Act, 1934, effective April 1, 2020, as it ce
OBC and United Bank of India removed from RBI Schedule II
RBI has formally removed Oriental Bank of Commerce and United Bank of India from the Second Schedule of the RBI Act, 193
Andhra Bank and Corporation Bank removed from RBI Schedule II
RBI has excluded Andhra Bank and Corporation Bank from the Second Schedule of the RBI Act, 1934, effective April 1, 2020
Allahabad Bank removed from RBI Schedule II
RBI has excluded Allahabad Bank from the Second Schedule of the RBI Act, 1934, effective April 1, 2020, as it ceased ban
NSFR Implementation Deferred to April 2021
RBI has deferred the Net Stable Funding Ratio (NSFR) implementation by six months to April 1, 2021, due to COVID-19 unce
RBI defers final CCB tranche to April 2021
RBI has postponed the last 0.625% Capital Conservation Buffer (CCB) implementation from September 30, 2020 to April 1, 2
Positive Pay System for Cheques: RBI Mandate from Jan 2021
RBI mandates banks to enable Positive Pay for cheques of ₹50,000 and above from January 1, 2021. Issuers must submit key
Lead Bank Responsibility for New Arunachal Pradesh Districts
RBI assigns lead bank responsibility to State Bank of India for three new districts in Arunachal Pradesh: Kamle, Pakke K
DAY-NRLM Master Circular 2020: Key Updates for Banks
RBI updated the DAY-NRLM master circular as of Sep 18, 2020, consolidating all scheme modifications. Banks must note the
RBI Notifies USD 215.68 mn Exim Bank LoC for Malawi
RBI informs AD Category-I banks of a USD 215.68 million Exim Bank Line of Credit to Malawi for water supply and developm
RBI mandates full automation of NPA classification and provisioning by June 2021
RBI has directed all scheduled commercial banks (excluding RRBs) and small finance banks to fully automate income recogn
UAPA Section 51A: UNSC Sanctions List Updated – 11 Entries Amended
RBI mandates all regulated entities to update their screening systems with the latest UNSC ISIL & Al-Qaida sanctions lis
RBI mandates shift to interoperable QR codes by March 2022
RBI has directed all payment system operators using proprietary QR codes to migrate to interoperable UPI QR or Bharat QR
RBI Framework for SRO Recognition in Payment Systems
RBI has finalized a framework for recognizing Self-Regulatory Organizations (SROs) for Payment System Operators (PSOs).
RRB Second Schedule Updates: Amalgamated Banks In, Old Banks Out
RBI has updated the Second Schedule of the RBI Act, 1934, to include 10 newly amalgamated Regional Rural Banks and exclu
RBI Rationalises Risk Weights on Individual Housing Loans
RBI has reduced risk weights on new individual housing loans sanctioned from October 16, 2020 to March 31, 2022, irrespe
Co-op banks get Dec 31 deadline for FY20 returns
RBI extends deadline for co-operative banks to submit annual returns under Section 31 of BR Act to December 31, 2020, du
HTM SLR Limit Extension and Phased Restoration
RBI extends enhanced HTM limit of 22% of NDTL for SLR securities acquired Sep 2020–Mar 2021 until Mar 31, 2022, then pha
Regulatory Retail Portfolio: Exposure Limit Raised to ₹7.5 Crore
RBI has increased the per-counterparty exposure limit for regulatory retail portfolio from ₹5 crore to ₹7.5 crore, effec
SGB 2020-21 Series VII-XII: Subscription Schedule & Guidelines
RBI has announced six tranches of Sovereign Gold Bonds for FY 2020-21 (Series VII to XII) with subscription windows from
EDPMS Caution-Listing of Exporters: Revised Procedure
RBI has withdrawn the automatic caution-listing criteria for exporters in EDPMS. Now, AD banks must recommend caution-li
Exim Bank USD 310 mn LoC to Zimbabwe for Power Project
RBI notified a USD 310 million Government of India-supported Line of Credit from Exim Bank to Zimbabwe for repowering Hw
MSME Interest Subvention Scheme Extended to Co-operative Banks
RBI has extended the 2% interest subvention scheme for MSMEs to co-operative banks from March 3, 2020. The scheme covers
Contactless card limit raised to ₹5,000 without AFA
RBI has increased the per-transaction limit for contactless card payments without Additional Factor of Authentication fr
RTGS Goes 24x7 from December 14, 2020
RBI made RTGS available round the clock from December 14, 2020, enabling customer and inter-bank transactions 24x7 excep
Foreign law firms barred from setting up offices in India
RBI has directed AD Category-I banks not to approve any branch, liaison, or project office in India by foreign law firms
RBI Allows Second Escrow Account for PPIs and PAs
RBI now permits non-bank PPI issuers and payment aggregators to maintain an additional escrow account with a different s
FEMA Compounding: Updated Rules and Delegated Powers
RBI has updated compounding rules for FEMA contraventions, delegating powers to regional offices for non-debt instrument
RBI Discontinues 17 FEMA Returns/Reports to Ease Compliance
RBI has discontinued 17 returns/reports under FEMA, effective November 13, 2020, to reduce compliance costs and improve
Nagaland's Noklak District Gets Lead Bank Responsibility
RBI assigns State Bank of India as lead bank for Nagaland's newly formed Noklak district, carved from Tuensang. The dist
Exim Bank USD 20.10 mn LoC to Nicaragua for Hospital Reconstruction
RBI notifies AD Category-I banks about Exim Bank's USD 20.10 million Government of India-supported Line of Credit to Nic
RBI Revamps Co-Lending Model for Banks and NBFCs
RBI has replaced the 2018 co-origination framework with a more flexible Co-Lending Model (CLM). Banks can now co-lend wi
Current Account Rules: Deadline Extended to Dec 15
RBI extends the compliance deadline for current account and CC/OD account rules from November 5 to December 15, 2020, wh
Ex-gratia on interest differential for COVID loan accounts
The Government of India announced a scheme on October 23, 2020, requiring lending institutions to provide ex-gratia paym
RBI Revamps HFC Regulatory Framework: Key Changes
RBI has issued a revised regulatory framework for Housing Finance Companies (HFCs), effective October 22, 2020. Key chan
RBI Circular on UNSCR 1518 Sanctions List Update
RBI circular DOR.AML.No.32/14.06.001/2020-21 dated Jan 25, 2021, directs all regulated entities to note the removal of t
RBI withdraws old circulars on pension recovery by agency banks (effective January 21, 2021)
RBI has withdrawn three circulars on recovering excess pension payments from pensioners, effective immediately. Agency b
RBI Tightens Risk-Based Internal Audit Norms for Banks
RBI has strengthened the Risk-Based Internal Audit (RBIA) framework, mandating greater independence, competence, and lon
LEI Mandatory for RTGS/NEFT Transactions of ₹50 Crore and Above
From April 1, 2021, all non-individual entities must use a Legal Entity Identifier (LEI) for RTGS and NEFT transactions
Payments Infrastructure Development Fund (PIDF) Scheme Operationalised
RBI has operationalised the PIDF with a ₹345 crore corpus (₹250 crore from RBI and ₹95 crore from major card networks pe
CKYCR Extended to Legal Entities from April 2021
RBI mandates all regulated entities to upload KYC data of legal entity accounts opened from April 1, 2021, onto the Cent
RBI Eases Current Account Rules for Specific Statutory Accounts
RBI now permits banks to open current accounts for specific statutory purposes (e.g., RERA, IPO, tax payments) without t
RRBs Now Allowed in Call/Notice/Term Money Market
RBI now permits Regional Rural Banks (RRBs) to borrow and lend in the call/notice/term money market under the same prude
RBI Eases Export Rules: Higher Write-off Limits & No Cap on Direct Dispatch
RBI has removed the USD 1 million cap on direct dispatch of shipping documents by exporters and raised write-off limits
LAF and MSF Extended to Eligible RRBs
RBI now allows Scheduled RRBs with CBS, 9% CRAR, and FMOD compliance to access LAF and MSF for better liquidity manageme
RBI bans dividend payments on FY20 profits
RBI has directed all commercial and cooperative banks not to pay any dividend on equity shares from FY20 profits, citing
RBI Grants Perpetual Validity to Payment System Operators
RBI now issues perpetual Certificates of Authorisation to all payment system operators, replacing the earlier 5-year ren
RBI Curbs NBFC Investments from FATF Non-Compliant Jurisdictions
RBI has barred new investors from FATF non-compliant jurisdictions from acquiring 20% or more voting power in NBFCs. Exi
Exim Bank's USD 400 mn LoC to Maldives: AD Bank Guidelines
RBI notifies AD Category-I banks about Exim Bank's USD 400 million Government of India-supported Line of Credit to Maldi
NSFR Implementation Deferred to October 2021
RBI has deferred the Net Stable Funding Ratio (NSFR) implementation by six months to October 1, 2021, due to COVID-19 st
HTM Limit Extension for SLR Securities: New Timeline
RBI extends enhanced HTM limit of 22% of NDTL for SLR securities acquired up to March 31, 2022, until March 31, 2023. Re
RBI defers last tranche of CCB to October 2021
RBI has postponed the final 0.625% Capital Conservation Buffer tranche from April 1 to October 1, 2021, keeping minimum
CRR Relief for New MSME Loans: ₹25 Lakh Exemption
RBI allows banks to deduct new MSME credit (up to ₹25 lakh per borrower) from NDTL for CRR calculation. Eligible borrowe
MSF SLR Relaxation Extended to Sept 30, 2021
RBI extends MSF relaxation allowing banks to borrow under MSF by dipping into SLR up to 3% of NDTL until September 30, 2
CRR Restoration: Two-Phase Hike to 4% by May 2021
RBI will restore CRR from 3% to 4% in two steps: 3.5% from March 27, 2021, and 4% from May 22, 2021. This reverses the 1
UCB Director Loans: Revised Restrictions Under Section 20
RBI has prohibited Primary Urban Co-operative Banks from granting loans or financial accommodation to directors, their r
RBI Mandates Risk-Based Internal Audit for NBFCs and UCBs
RBI now requires all deposit-taking NBFCs, non-deposit NBFCs with assets ≥₹5,000 crore, and UCBs with assets ≥₹500 crore
RBI Tightens Grievance Redress Framework for Banks
RBI mandates enhanced complaint disclosures, cost recovery for maintainable complaints exceeding peer group averages, an
CRISIL Ratings Limited Now Eligible for Capital Adequacy Risk Weighting
RBI has approved CRISIL Ratings Limited as an eligible credit rating agency for capital adequacy purposes, replacing CRI
RBI mandates pan-India Cheque Truncation System by Sept 2021
RBI has directed all banks to bring every branch under image-based Cheque Truncation System (CTS) by September 30, 2021,
RBI Updates Credit Reporting Formats for COVID-19 Restructured Loans
RBI has modified credit reporting formats to include 'Restructured due to COVID-19' as a new value in Consumer, Commerci
FPI Investment in Defaulted Bonds: Relaxations
RBI exempts FPI investments in defaulted corporate bonds from short-term limit and minimum residual maturity requirement
LEF Exemption Expanded for Foreign Sovereign Exposures
RBI has exempted exposures to foreign sovereigns or their central banks from the Large Exposures Framework if they carry
UAPA Section 51A: UNSC Sanctions List Updated – 92 Entries Amended
RBI mandates all regulated entities to update their screening systems with 92 amended UNSC sanctions list entries under
Fino Payments Bank Added to RBI Schedule II
RBI has included Fino Payments Bank Limited in the Second Schedule of the RBI Act, 1934, effective January 1, 2021. This
UNSC Sanctions List: Two Terror Entries Removed
RBI directs all regulated entities to delete two individuals from UNSC sanctions lists per UAPA Section 51A. Banks must
RBI Master Direction on Digital Payment Security Controls
RBI issued a Master Direction mandating banks and credit card NBFCs to implement minimum security controls for digital p
UFCE Data: Banks Can Use Prior Quarter for Listed Entities
RBI now allows banks to use the immediate preceding quarter's UFCE data for listed entities that cannot disclose current
Master Direction for HFCs: Updated July 2025
RBI consolidated all housing finance company regulations into a single Master Direction effective February 2021, with up
LRS Remittances to IFSCs Now Permitted for Resident Individuals
RBI now allows resident individuals to remit funds under LRS to IFSCs in India for investment in securities (excluding t
RBI Allows Margin Posting for Cross-Border Derivative Contracts
RBI now permits AD Cat-I banks to post and collect margin for permitted derivative contracts with non-residents, using I
RBI extends e-mandate compliance deadline to Sept 30, 2021
RBI has extended the deadline for full compliance with the e-mandate framework for recurring online transactions to Sept
RBI Extends Compliance Deadline for Non-Bank PAs on Card Data Storage to Dec 2021
RBI has extended the deadline for non-bank Payment Aggregators to implement tokenisation and stop storing customer card
FPI Investment Limits for FY 2021-22: Corporate Bonds Unchanged
RBI kept FPI investment limit in corporate bonds at 15% of outstanding stock for FY 2021-22. Revised limits are ₹5,74,26
Bilateral Netting of QFCs: Prudential Guideline Amendments
RBI amended prudential guidelines to align with the Bilateral Netting of Qualified Financial Contracts Act, 2020. Deriva
Special Clearing for Govt Cheques on March 31, 2021
RBI mandates special clearing for government cheques on March 31, 2021, across CTS grids in Delhi, Chennai, and Mumbai.
RBI mandates FETERS-Cards monthly reporting for card/UPI forex transactions
RBI has introduced a new monthly return called FETERS-Cards for reporting international credit/debit card and UPI transa
FY21 Year-End: Govt Account Closing Rules for Agency Banks
All government transactions for FY 2020-21 must be booked within the same year. Agency banks must keep branches open on
UNSC Sanctions List Updated: 8 Entries Amended
RBI directs all regulated entities to update their records per UNSC's amendment of 8 individuals on the ISIL (Da'esh) &
RBI Master Direction on UCB Amalgamation 2020
RBI issued a Master Direction in March 2021 governing voluntary amalgamation of Urban Cooperative Banks. It mandates boa
RBI Updates KYC Master Direction for UAPA Compliance
RBI has amended its KYC Master Direction to align with MHA's revised UAPA order of February 2, 2021, replacing the earli
LEF: Non-centrally cleared derivatives limit deferment extended
RBI has deferred the applicability of exposure limits on non-centrally cleared derivatives under the Large Exposures Fra
March 2021 Central Govt Transactions: Closure & Reporting
RBI sets April 10, 2021 as the residual transaction closure date for March 2021. Agency banks must segregate March resid
Master Circular: Credit Facilities for SC/ST Borrowers
RBI updated its Master Circular on credit facilities for Scheduled Castes and Scheduled Tribes, consolidating instructio
Lead Bank Scheme Master Circular 2021: Key Updates for Banks
RBI consolidated all Lead Bank Scheme guidelines into a single Master Circular as of April 1, 2021. It covers credit pla
Master Circular on SHG-Bank Linkage Programme
RBI consolidated all SHG-Bank linkage guidelines into one master circular. Banks are advised to meet entire credit requi
DAY-NRLM Master Circular 2021: Key Updates for Banks
RBI updated the DAY-NRLM master circular as of April 1, 2021, consolidating all scheme modifications. Banks must note th
RBI Master Direction on Call, Notice & Term Money Markets 2021
RBI consolidated and updated rules for call, notice, and term money markets effective April 5, 2021, superseding earlier
KYC Norms for SHGs: CDD at Credit Linking
RBI now requires banks to perform Customer Due Diligence (CDD) for all SHG members at the time of credit linking, replac
Master Circular on Government Pension Disbursement by Agency Banks
RBI updated its master circular on government pension disbursement by agency banks, consolidating instructions up to Mar
Master Circular on Agency Commission for Government Business
RBI updated its master circular on agency commission for banks handling government business, effective April 1, 2021. It
RBI Master Circular: Credit Facilities to Minority Communities
RBI consolidated instructions on credit to minority communities. Banks must ensure fair credit flow to 121 minority conc
Penalty Scheme for Bank Branches & Currency Chests
RBI's master circular on penalties for bank branches and currency chests aims to enforce better customer service in note
Master Circular: Detection & Impounding of Counterfeit Notes
RBI updated its master circular on counterfeit note handling, effective April 1, 2021. Banks must machine-check all note
Master Circular: Note & Coin Exchange Facilities for Banks
RBI mandates all bank branches to provide note/coin exchange services, including soiled/mutilated notes, without discrim
RBI Caps Bank Dividend Payouts for FY21 Amid COVID Second Wave
RBI has capped commercial bank dividends at 50% of the payout ratio from May 2005 norms for FY21, citing COVID uncertain
Lead Bank Responsibility for New Tamil Nadu District
RBI assigns Indian Overseas Bank as lead bank for the newly formed Mayiladuthurai district in Tamil Nadu, effective Apri
Interest Equalization Scheme Extended Till June 30, 2021
RBI extends the Interest Equalization Scheme on pre and post shipment rupee export credit by three months, from April 1
Payments Banks: End-of-day balance limit doubled to ₹2 lakh
RBI has doubled the maximum end-of-day balance per customer for Payments Banks from ₹1 lakh to ₹2 lakh, effective immedi
RBI Updates UNSC Sanctions Lists for UAPA Compliance
RBI directs all regulated entities to update their screening databases with the latest UNSC sanctions list amendments, i
March 2021 Govt Transaction Closure Moved to April 12
RBI has shifted the closure date for reporting March 2021 residual central government transactions from April 10 to Apri
SC Order on Covid Loan Moratorium: Interest Refund & Asset Classification
RBI mandates all lenders to refund 'interest on interest' charged during the March-August 2020 moratorium, per Supreme C
ECB Proceeds Parking Relaxation Extended to March 2022
RBI allows ECB borrowers to park unutilised proceeds drawn down on or before March 1, 2020, in term deposits with AD Cat
PSL On-Lending to NBFCs Extended Till Sep 30, 2021
RBI extends PSL classification for bank loans to NBFCs for on-lending to agriculture and MSE by six months, up to Septem
PSL limit for NWR/eNWR loans raised to ₹75 lakh
RBI has increased the PSL classification limit for loans against Negotiable Warehouse Receipts (NWRs) and electronic NWR
RBI Tweaks Gold Monetisation Scheme: New Agent Rules & Valuation Norms
RBI has amended the Gold Monetisation Scheme 2015, introducing Gold Monetisation Collection & Testing Agents (GMCTAs) an
DAY-NULM Master Circular Updated for Banks
RBI updated the DAY-NULM Master Circular, incorporating instructions issued up to March 31, 2021. Banks must follow revi
RBI simplifies KYC norms with expanded V-CIP and periodic updation
RBI has amended the KYC Master Direction to expand Video-based Customer Identification Process (V-CIP) for onboarding in
Exim Bank's USD 7.35 mn Line of Credit to Nicaragua
RBI notifies AD Category-I banks of Exim Bank's USD 7.35 million Government of India-supported Line of Credit to Nicarag
LVB removed from RBI Second Schedule
RBI has excluded Lakshmi Vilas Bank Ltd from the Second Schedule of the RBI Act, 1934, effective November 27, 2020. This
RBI Resolution Framework 2.0 for MSME Covid Stress
RBI extends MSME loan restructuring without asset downgrade for standard accounts as of March 31, 2021, with aggregate e
RBI Resolution Framework 2.0 for Covid-19 Stress
RBI allows lenders to offer resolution plans to individual borrowers and small businesses (exposure up to ₹25 crore as o
CRR Relief for New MSME Loans Extended to Dec 2021
RBI extends CRR exemption on fresh credit to new MSME borrowers up to ₹25 lakh per borrower until the fortnight ending D
KYC Update Relief: No Account Restrictions Till Dec 31, 2021
RBI has directed all regulated entities not to impose restrictions on customer accounts solely due to pending periodic K
RBI allows 100% use of floating provisions for NPA coverage till March 2022
RBI now permits scheduled commercial banks (excluding RRBs and payments banks) to utilise 100% of floating provisions an
PSL On-lending by SFBs to NBFC-MFIs: COVID Relief
RBI now allows Small Finance Banks to classify fresh on-lending to small NBFC-MFIs (loan portfolio up to ₹500 crore) as
Exim Bank's $250 mn LoC to Mozambique: RBI Circular
RBI notifies AD Category-I banks of Exim Bank's $250 mn GoI-supported Line of Credit to Mozambique for power supply impr
RBI Revamps Auditor Appointment Rules for Banks and NBFCs
RBI issued consolidated guidelines for appointing Statutory Central Auditors (SCAs) and Statutory Auditors (SAs) for com
RBI Tightens Board Governance Norms for Private Banks
RBI has issued new governance rules for private banks, SFBs, and foreign bank subsidiaries. Key changes: board chair mus
MSME Restructuring Threshold Raised to ₹50 Crore
RBI has increased the aggregate exposure limit for MSME restructuring under Resolution Framework 2.0 from ₹25 crore to ₹
Covid Resolution 2.0: Exposure cap raised to ₹50 crore
RBI has increased the aggregate exposure threshold for eligible borrowers under the Covid Resolution Framework 2.0 from
RBI Clarifies: 2018 VC Circular No Longer Valid
RBI has clarified that its 2018 circular restricting banks from dealing with virtual currencies is no longer valid after
FPI Investment Limits in G-Secs and SDLs for FY 2021-22
RBI has kept FPI investment limits in government securities at 6% and SDLs at 2% of outstanding stocks for FY 2021-22. T
New Vijayanagara District in Karnataka: Lead Bank Assigned
RBI has assigned State Bank of India as the lead bank for the newly formed Vijayanagara district in Karnataka, carved fr
RBI Guidelines for DCCB-StCB Amalgamation
RBI issued guidelines for amalgamating District Central Co-operative Banks with State Co-operative Banks, effective Apri
RBI Extends Payment System Compliance Deadlines Amid COVID-19
RBI has extended deadlines for payment system compliance due to COVID-19 resurgence. Key changes: non-bank PPI issuers n
RBI mandates PPI interoperability, hikes limit to ₹2 lakh, allows cash withdrawal
RBI mandates full-KYC PPI interoperability via UPI/card networks by March 31, 2022, raises wallet limit to ₹2 lakh, and
SGB 2021-22 Series I-VI: Subscription Schedule & Guidelines
RBI notifies six tranches of Sovereign Gold Bonds for FY 2021-22, with subscription windows from May to September 2021.
Sponsor Contribution to Overseas AIFs Treated as ODI
RBI now treats sponsor contributions by Indian parties to overseas AIFs (including IFSCs) as Overseas Direct Investment
RBI cuts interest rate on unclaimed deposits to 3%
RBI has reduced the interest rate payable on unclaimed interest-bearing deposits transferred to the DEA Fund to 3% simpl
Private Sector Banks as RBI Agency Banks: New Guidelines
RBI has lifted the embargo on allocating government business to private sector banks, effective from the date of the cir
Current Account Rules: Extended Deadline & Clarifications
RBI extends current account rule implementation to Oct 31, 2021, and clarifies exemptions for CIT/CRAs. Banks must use t
UNSC Sanctions List Update: One Individual Added
RBI directs all regulated entities to note the addition of Mohammad Ali Al Habbo to the UNSC ISIL/Al-Qaida sanctions lis
LRS Reporting Moves from ORFS to XBRL System
RBI has shifted Liberalised Remittance Scheme (LRS) data reporting from ORFS to XBRL system. AD Category-I banks must up
RBI Curbs Investments in PSOs from FATF Non-Compliant Jurisdictions
RBI has restricted new investments in Payment System Operators (PSOs) from FATF non-compliant jurisdictions. Fresh inves
BBPS Now Accepts Mobile Prepaid Recharges
RBI has permitted mobile prepaid recharges as a new biller category in BBPS, on a voluntary basis. Banks and participant
ATM Interchange Fee and Customer Charges Revised
RBI has deregulated ATM interchange fees, allowing networks to set them, and increased the maximum customer charge per t
Preserve 2016 CCTV recordings until further orders
RBI extends the preservation mandate for CCTV recordings from Nov 8 to Dec 30, 2016, at branches and currency chests. Ba
FPI G-Sec Trade Reporting: New NDS-OM Timeline
RBI now allows FPIs and custodian banks up to three hours after market close to report OTC government securities trades
RBI's New Certificate of Deposit Master Direction 2021
RBI issued a consolidated Master Direction for Certificates of Deposit (CDs), effective June 07, 2021, superseding Secti
RBI extends deadline for co-op banks' annual returns to Sept 30
RBI has given co-operative banks an extra three months—until September 30, 2021—to file annual accounts and balance shee
RBI allows banks to lend to FPIs for G-sec margin payments
RBI now permits AD Category-I banks to lend to Foreign Portfolio Investors for placing margins with CCIL on government s
RBI's LIBOR Transition Roadmap: Key Deadlines and Actions
RBI encourages banks to stop new LIBOR-linked contracts by Dec 31, 2021, and shift to Alternative Reference Rates (ARR).
Shivalik Small Finance Bank Added to RBI Schedule II
RBI has included Shivalik Small Finance Bank in the Second Schedule of the RBI Act, 1934, effective June 15, 2021. This
Retail & Wholesale Trade Now Eligible as MSMEs for Priority Sector Lending (via Ministry of MSME)
The Ministry of MSME has expanded the MSME definition to include retail and wholesale trade under specific NIC codes for
RBI Revises Interest on Overdue Term Deposits
RBI now requires banks to pay interest on overdue term deposits at the lower of the savings account rate or the original
Interest Equalisation Scheme Extended Till Sep 30, 2021
RBI extends the Interest Equalisation Scheme on pre and post-shipment rupee export credit by three months, up to Septemb
RBI Outsourcing Risk Guidelines for Co-operative Banks
RBI issued guidelines for co-operative banks to manage risks in outsourcing financial services. Banks must self-assess e
MSME Registration Validity Extended to Dec 2021
RBI extends validity of MSME registrations (EM Part II/Udyog Aadhaar) obtained till June 30, 2020, to December 31, 2021.
Mandatory Chief Risk Officer for Large Urban Co-op Banks
RBI mandates all Primary Urban Co-operative Banks with asset size of ₹5,000 crore or above to appoint a Chief Risk Offic
Revised Prudential Borrowing Limits for Money Markets
RBI has revised prudential borrowing limits for Call, Notice, and Term Money Markets. Scheduled commercial banks can now
RBI Tightens MD/WTD Appointment Rules for Urban Co-op Banks
RBI has issued new directions for appointment, re-appointment, and removal of MD/WTD in Primary Urban Co-operative Banks
RBI's New Dividend Rules for NBFCs: Key Guidelines
RBI has issued a circular prescribing uniform dividend distribution guidelines for all NBFCs, effective for dividends fr
Gold Metal Loans: Partial Repayment in Physical Gold Allowed
RBI now permits borrowers to repay part of Gold Metal Loans in physical gold (min 1 kg lots) if the loan was sourced fro
LIBOR Transition: Derivative Restructuring Norms Relaxed
RBI clarifies that changing a derivative contract's reference rate from LIBOR to an alternative rate won't count as rest
COVID Resolution Plan: Operational Ratio Deadline Extended to Oct 2022
RBI has extended the deadline for borrowers under COVID resolution plans to meet four operational financial ratios (Tota
Export Credit in Foreign Currency: New Benchmark Rate Flexibility
RBI now permits banks to use any widely accepted Alternative Reference Rate instead of LIBOR for export credit in foreig
Exim Bank's USD 30 mn Line of Credit to Sierra Leone
RBI notifies AD Category-I banks about Exim Bank's USD 30 million GoI-supported Line of Credit to Sierra Leone for land
RBI Outsourcing Framework for Payment System Operators
RBI issued a framework for non-bank Payment System Operators (PSOs) to manage risks in outsourcing payment and settlemen
Penal Interest on Excess/Double Claims in State Govt Accounts
Agency banks must now pay penal interest (Bank Rate + 2%) on excess put-through or double claims in State Government pay
HFC Deposit Ratings Aligned with NBFC Norms
RBI has aligned HFC deposit rating requirements with NBFC rules, updating approved credit rating agencies and minimum in
Non-banks get direct access to RTGS and NEFT
RBI now allows authorised non-bank payment system providers—PPI issuers, card networks, and WLA operators—to directly jo
RBI Revises Loan Restrictions for Directors' Relatives
RBI raised the personal loan threshold for directors of other banks from ₹25 lakh to ₹5 crore and revised limits for loa
CRR and SLR Master Direction 2021: Key Updates
RBI consolidated CRR and SLR rules for all scheduled banks, including RRBs, SFBs, and co-ops. It defines aggregate depos
RBI extends ATM cassette swap deadline to March 2022
RBI has extended the deadline for implementing lockable cassette swaps in all ATMs from March 31, 2021 to March 31, 2022
Mandatory Leave for Sensitive Bank Roles: RBI Updates Norms
RBI mandates banks to enforce a 10-working-day mandatory leave annually for employees in sensitive positions, without pr
Investment Portfolio Rules: Classification, Valuation & Operation
RBI consolidated all existing guidelines on classification, valuation, and operation of commercial banks' investment por
Tokenisation Extended to Laptops, Wearables, IoT Devices
RBI now allows card tokenisation for laptops, desktops, wearables, and IoT devices, expanding beyond mobile phones and t
HFCs Notified as Financial Institutions Under SARFAESI Act
Government of India, via Gazette Notification S.O. 2405(E) dated June 17, 2021, has notified HFCs registered under Secti
New Malerkotla District: Lead Bank & Working Code Assigned
RBI assigns State Bank of India as lead bank for Punjab's new Malerkotla district, carved from Sangrur. Banks must use n
Exim Bank's USD 20.51 mn Line of Credit to Guinea for Hospital Projects
RBI notifies AD Category-I banks of Exim Bank's USD 20.51 million LoC to Guinea for hospital construction. At least 75%
Exim Bank's USD 170 mn LoC to Guinea for Water Project
RBI notifies AD Category-I banks of Exim Bank's USD 170 million Government of India-supported Line of Credit to Guinea f
Exim Bank USD 20.22 mn LoC to Guinea for Solar Projects
RBI notifies AD Category-I banks of Exim Bank's USD 20.22 million GoI-supported Line of Credit to Guinea for two solar p
RBI Revises Safe Deposit Locker Guidelines for Banks
RBI issued revised instructions for safe deposit lockers and safe custody articles, effective January 1, 2022. Banks mus
USD 100 mn LoC to Mauritius for Defence Imports from India
RBI notifies AD Category-I banks about Exim Bank's USD 100 million Line of Credit to Mauritius for defence procurement f
RBI Penalty Scheme for ATM Cash-Outs from Oct 2021
From October 1, 2021, banks and WLAOs must ensure ATMs have cash. Any ATM with cash-out exceeding 10 hours in a month wi
Collateral-free SHG loans under DAY-NRLM doubled to ₹20 lakh
RBI has raised the collateral-free loan limit for Self Help Groups under DAY-NRLM from ₹10 lakh to ₹20 lakh, aligning wi
MSF SLR Dip Relaxation Extended to Dec 31, 2021
RBI extends the MSF relaxation allowing banks to borrow an additional 1% of NDTL under SLR, cumulatively up to 3%, until
RBI's 2021 Securitisation Master Direction: Key Updates
RBI issued a consolidated Master Direction on securitisation of standard assets, effective September 24, 2021, replacing
Master Circular on Investments by Urban Co-operative Banks
RBI consolidated all investment guidelines for Primary Urban Co-operative Banks into a single Master Circular, covering
Master Direction – Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2021
RBI issued a consolidated Master Direction for OTC derivatives market-makers, effective January 3, 2022, replacing the e
UN Sanctions List Update: One Individual Removed
RBI directs all regulated entities to note the removal of one individual (Khalifa Muhammad Turki Al Subaiy) from the UNS
Aadhaar e-KYC Licence Route for NBFCs and Payment Firms
RBI has opened a channel for NBFCs, payment system providers, and participants to apply for Aadhaar e-KYC authentication
LEF: CRM for Foreign Bank HO Derivative Exposures
RBI now allows foreign bank branches in India to use specific funds held with RBI as credit risk mitigation for non-cent
RBI Expands Card Tokenisation to Card-on-File (CoFT) Services
RBI now permits Card-on-File Tokenisation (CoFT) for card payments, extending device-based tokenisation to stored card c
Master Direction on Financial Statements – Presentation and Disclosures
RBI consolidated all existing guidelines on financial statement presentation and disclosures into a single Master Direct
RBI Clarifies Expense Recognition for Share-Linked Compensation
RBI now mandates that banks must recognise the fair value of share-linked compensation as an expense from the accounting
RBI Master Directions on Prepaid Payment Instruments (2021)
RBI has consolidated and updated its Master Directions on PPIs, effective from August 27, 2021, with amendments through
Indo-Nepal Remittance Scheme: Limits Raised, Caps Removed
RBI has raised the per-transaction ceiling for Indo-Nepal remittances via NEFT from ₹50,000 to ₹2 lakh and removed the a
RBI Boosts Coin Distribution Incentives to ₹65 per Bag
RBI has revised the coin distribution incentive from ₹25 to ₹65 per bag effective September 1, 2021, with an additional
Mandatory Reporting of Relationship Segment Data to CICs
RBI has made reporting of Relationship Segment (RS) data to Credit Information Companies mandatory for all lenders, with
PSL On-Lending to NBFCs Extended Till March 2022
RBI has extended the PSL classification for bank loans to NBFCs (excluding MFIs) for on-lending until March 31, 2022. Th
Paytm Payments Bank added to RBI Second Schedule
RBI has officially included Paytm Payments Bank Limited in the Second Schedule of the RBI Act, 1934, granting it schedul
Revised VFT Guidelines for Government Securities
RBI has revised Value Free Transfer (VFT) guidelines for government securities, effective October 5, 2021. VFT allows se
Revised SGL and CSGL Account Guidelines Issued
RBI has issued revised eligibility and operational guidelines for SGL and CSGL accounts, superseding the October 2018 ve
RBI clarifies eligible limit for foreign currency AT1 bonds
RBI has clarified that the 'eligible amount' for issuing Perpetual Debt Instruments (PDI) in foreign currency or rupee b
Family Pension Hike: Amortisation Allowed Over 5 Years
RBI allows banks under the 11th Bipartite Settlement to amortise the additional family pension liability over up to 5 ye
Master Circular: Prudential Norms on IRAC for Advances
RBI consolidated all existing prudential norms on income recognition, asset classification, and provisioning (IRAC) for
Exim Bank USD 100 mn LoC to Sri Lanka for Solar Energy
RBI notified a USD 100 million Government of India-supported Line of Credit from Exim Bank to Sri Lanka for solar energy
Exim Bank USD 15 mn LoC to Sierra Leone for water projects
RBI notifies AD Category-I banks about Exim Bank's USD 15 million GoI-supported Line of Credit to Sierra Leone for rehab
RBI allows alternative reference rates for export/import interest
RBI now permits AD banks to use any widely accepted alternative reference rate (e.g., SOFR, SONIA) instead of LIBOR for
RBI Master Direction on Transfer of Loan Exposures 2021
RBI issued a comprehensive framework for loan transfers, effective immediately, replacing all prior instructions. It cov
Exim Bank's $10.4M LoC to Eswatini for Disaster Recovery Site
RBI notifies AD Category-I banks of Exim Bank's $10.4 million LoC to Eswatini for a Disaster Recovery Site. At least 75%
Master Circular on Guarantees and Co-acceptances
RBI consolidated all existing guidelines on guarantees and co-acceptances for scheduled commercial banks (excluding Paym
FPIs Now Allowed to Invest in InvIT and REIT Debt Securities
RBI now permits FPIs to invest in debt securities issued by InvITs and REITs under the Medium-Term Framework or Voluntar
Master Circular: Guarantees, Co-Acceptances & Letters of Credit for UCBs
RBI consolidated all instructions on guarantees, co-acceptances, and letters of credit for Primary Urban Co-operative Ba
Revised PCA Framework for Scheduled Commercial Banks
RBI revised the Prompt Corrective Action (PCA) framework effective January 1, 2022, focusing on capital, asset quality,
Master Circular: IRAC Norms for Urban Co-op Banks (2021)
RBI consolidated all IRAC norms for Primary Urban Co-operative Banks into a single master circular as of Nov 1, 2021. It
Current Account Rules for Borrowers: RBI Tightens Discipline
RBI has revised current account norms for borrowers with CC/OD facilities. For exposures under ₹5 crore, no restrictions
Capital Adequacy Norms for Local Area Banks 2021
RBI consolidated all capital adequacy guidelines for Local Area Banks into a single Master Direction effective October 2
SGB Procedural Guidelines Consolidated – Oct 2022 Update
RBI has consolidated all operational guidelines for Sovereign Gold Bonds into one circular, superseding earlier instruct
SGB 2021-22 Series VII-X: Subscription Dates & Procedures
RBI announces four tranches of Sovereign Gold Bonds for FY 2021-22 (Series VII to X) with subscription windows from Oct
Scale-Based Regulation for NBFCs: New 4-Layer Framework
RBI introduces a scale-based regulatory framework for NBFCs, classifying them into Base, Middle, Upper, and Top layers b
UNSC Sanctions List Updated: One New Individual Added
RBI directs all regulated entities to freeze assets and block accounts of Emraan Ali, newly added to the UNSC ISIL/Al-Qa
RRB Schedule Updates: Baroda UP Bank In, Three Others Out
RBI has included Baroda UP Bank in the Second Schedule of the RBI Act, 1934, and excluded three erstwhile RRBs (Baroda U
RBI Withdraws 16 Redundant Circulars on Audit and Supervision
RBI has withdrawn 16 outdated circulars on audit appointments, concurrent audit, auditor remuneration, and UCB supervisi
RBI Retail Direct: Non-Competitive Bidding for Retail Investors
RBI launched the Retail Direct scheme allowing individuals to invest in government securities via non-competitive bids.
FCNR(B) Deposit Rates Shift from LIBOR to ARR with 50 bps Hike
RBI permits banks to use Overnight Alternative Reference Rates (ARR) instead of LIBOR for FCNR(B) deposits, and raises i
RBI Finalises Framework for Offline Small Value Digital Payments
RBI has formalised a framework for small value digital payments in offline mode, allowing transactions up to ₹500 per pa
UAPA Section 51A: UNSC Sanctions List Updated with 3 New Entries
RBI directs all regulated entities to immediately screen accounts against three new UNSC sanctions list entries: ASHRAF
KYC Update Deadline Extended to March 31, 2022
RBI extends the relaxation on KYC updation restrictions until March 31, 2022, due to COVID-19 uncertainty. Banks must no
T-Bill/Cash Management Bill Auction Rules Updated
RBI notified a December 2021 government amendment to the General Notification for T-Bill and Cash Management Bill auctio
RBI Extends Timeline for Storing Card-on-File Data to June 2022
RBI has extended the timeline for storing actual card data (CoF) by non-bank payment aggregators and merchants to June 3
Exim Bank USD 40 mn LoC to Togo for Solar Electrification
RBI notifies AD Category-I banks of a USD 40 million Government of India-supported Line of Credit from Exim Bank to Togo
Payments & Small Finance Banks Now Eligible for Govt Agency Business
RBI now allows scheduled payments banks and small finance banks to conduct government agency business, subject to regula
RBI's PCA Framework for NBFCs: Key Details
RBI introduced a Prompt Corrective Action (PCA) framework for NBFCs effective October 1, 2022, based on the financial po
MSF Dip into SLR Reduced to 2% from Jan 1, 2022
From January 1, 2022, banks can only dip into SLR up to 2% of NDTL for overnight MSF borrowing, down from the temporary
LEI Mandatory for Cross-border Transactions Over ₹50 Crore
From October 1, 2022, AD Category I banks must obtain LEI from resident non-individual entities for FEMA transactions of
RBI eases capital infusion rules for overseas branches
RBI now allows banks meeting capital requirements to infuse capital or transfer profits in overseas branches without pri
RBI revises ECB/TC all-in-cost norms for LIBOR transition
RBI has updated the all-in-cost benchmark and ceiling for foreign currency ECBs and TCs to replace LIBOR with any widely
RBI allows foreign currency settled OIS for banks
RBI now permits AD Cat-I banks to offer foreign currency settled Overnight Indexed Swaps (FCS-OIS) based on FBIL's MIBOR
FPI Debt Investment Limit Under VRR Raised to ₹2.5 Lakh Crore
RBI has increased the Voluntary Retention Route (VRR) investment limit for FPIs in debt from ₹1.5 lakh crore to ₹2.5 lak
FPI Credit Default Swap Transactions: Operational Guidelines
RBI has set a 5% aggregate limit on CDS protection sold by FPIs against outstanding corporate bonds, effective May 9, 20
RBI Master Direction on Credit Derivatives 2022 (Updated Jan 2025)
RBI issued final Master Direction for credit derivatives, effective May 9, 2022, replacing 2013 guidelines. It covers OT
Master Circular for Asset Reconstruction Companies
RBI consolidated all ARC guidelines into one master circular as of Jan 31, 2022. It covers registration, capital adequac
UN Sanctions List: One Entry Deleted – UAPA Compliance Update
RBI notifies deletion of one individual (Khalil Jarraya) from UNSC’s ISIL/Al-Qaida sanctions list. Regulated entities mu
UN Sanctions List Updated: 3 Terror Entries Removed
RBI directs all regulated entities to update their records as the UNSC removed three Al-Haramain Foundation entries from
RBI raises small business customer threshold for LCR and NSFR to ₹7.5 crore
RBI increased the threshold for deposits from non-financial small business customers from ₹5 crore to ₹7.5 crore for LCR
UN Sanctions List Updated: 5 Terror Entries Removed
RBI directs all regulated entities to note the deletion of 5 entries from the UNSC 1267/1989 ISIL & Al-Qaida Sanctions L
Master Circular on Bank Finance to NBFCs (2022)
RBI consolidated all instructions on bank finance to NBFCs into a single master circular as of Jan 5, 2022. Key changes
Airtel Payments Bank Added to RBI Second Schedule
RBI has officially included Airtel Payments Bank Limited in the Second Schedule of the RBI Act, 1934, effective December
RBI Retail Direct Scheme Market Making for Primary Dealers
RBI issues Market Making Scheme for Primary Dealers to provide buy/sell quotes on NDS-OM for Retail Direct Gilt Account
RBI Withdraws 42 Outdated Circulars Under RRA 2.0
RBI has withdrawn 42 circulars, some dating back to 1959, covering topics like Section 35B of the Banking Regulation Act
RRA 2.0: Returns to Go Online, Some Discontinued
RBI will move paper/email-based returns (Annex 1) to online filing; exact date to be notified. Banks must stop submittin
RBI Merges & Moves Payment Returns Online Under RRA 2.0
RBI is merging two White Label ATM returns and moving PPI, MTSS, and ATM deployment returns to online systems (CIMS/CISB
RBI Streamlines Returns: Discontinuation, Merger & Online Filing
RBI is discontinuing/merging two returns (Statement of chest slips and Statement of link offices) and converting four pa
RBI Withdraws 30 Old Payment System Circulars Under RRA 2.0
RBI has withdrawn 30 circulars on RTGS, NEFT, and prepaid payment instruments effective close of business on February 18
RBI Moves Six Returns to Online Filing Under RRA 2.0
RBI will convert six paper/email-based returns—including collateral loan, composite loan, and priority sector data—to on
RBI Streamlines Returns: Discontinuation and Online Filing
RBI proposes to discontinue three returns and convert eight others to online filing under RRA 2.0 interim recommendation
RBI Withdraws 15 Outdated Terror-Financing Circulars for NBFCs
RBI has withdrawn 15 circulars issued between 2011-2014 related to UN terror lists and UAPA compliance for NBFCs/RNBCs,
MSME Classification Validity Extended to March 31, 2022
RBI extends validity of old MSME registration documents (EM Part II, UAMs, and related classification documents) until M
Exim Bank USD 40 mn LoC to Maldives for Sports Infrastructure
RBI notified AD Category-I banks about Exim Bank's USD 40 million Government of India-supported Line of Credit to Maldiv
Exim Bank USD 50 mn LoC to Maldives for Defence Projects
RBI notifies AD Category-I banks of Exim Bank's USD 50 million GoI-supported Line of Credit to Maldives for defence proj
RBI Clarifies NPA Upgrade Rules for Multiple Facilities
RBI clarifies that loan accounts can be upgraded from NPA to standard only after full repayment of all arrears across al
Exim Bank's USD 7.29 mn LoC to Guyana for Solar Systems
RBI notifies AD Category-I banks about Exim Bank's USD 7.29 million Line of Credit to Guyana for solar home lighting sys
Interest Equalisation Scheme Extended Till March 2024
RBI extends the Interest Equalisation Scheme on rupee export credit to March 31, 2024. Rates revised: 3% for MSME manufa
UCB Capital Raising & Share Refund Rules Updated
RBI has updated capital-raising norms for Primary Urban Co-operative Banks (UCBs), allowing new instruments like prefere
UN Sanctions List: Two Terror Entries Removed
RBI notifies removal of two individuals from UNSC's ISIL/Al-Qaida sanctions list. Banks must update their screening data
UCB Investment in Umbrella Organization: Exemption from Non-SLR Limits
RBI exempts Primary Urban Co-operative Banks' investments in the Umbrella Organization (NAFCUB) from the 10% non-SLR dep
March 2022 Central Govt Transactions: Closure & Reporting
RBI sets April 11, 2022 as the closure date for residual March 2022 central government transactions. Agency banks must s
NBFCs with 10+ branches must adopt Core Financial Services Solution by Sept 2025
RBI mandates NBFC-ML and NBFC-UL with 10 or more fixed-point service delivery units to implement a Core Financial Servic
Sikkim State Co-operative Bank Gets Scheduled Bank Status
RBI has added Sikkim State Co-operative Bank Ltd to the Second Schedule of the RBI Act, 1934, making it a scheduled bank
RBI to Move Six Returns to Online Filing Under RRA 2.0
RBI will convert six paper/email-based returns (e.g., FCY-Rupee Option Transactions, Suspicious Transactions) to online
RBI Discontinues, Merges, and Moves 17 Returns Online
RBI is discontinuing/merging one return on non-resident guarantees and converting 21 paper/email-based returns to online
RBI Master Circular on Housing Finance – Feb 2022
RBI consolidated all housing finance guidelines for scheduled commercial banks (excluding RRBs) into one master circular
RBI to Move Banking Service Price Index Return Online
RBI will convert the paper-based Banking Service Price Index return to online filing under RRA 2.0 interim recommendatio
Master Circular: Note & Coin Exchange Facilities for Banks
RBI mandates all bank branches to actively provide fresh notes, coin exchange, and accept soiled/mutilated notes. Branch
RBI clarifies HTM valuation for recap bonds from FY22
RBI now requires banks to recognise recapitalisation bonds received from FY2021-22 onwards at fair value on initial reco
ATM Cassette Swap Deadline Extended to March 2023
RBI extends ATM cassette swap deadline to March 31, 2023, after banks and IBA cited difficulties. Banks must set board-a
Bilateral Netting of QFC: Prudential Norms Updated
RBI has amended prudential guidelines across multiple regulated entities to align with the Bilateral Netting of Qualifie
Special Clearing for Government Cheques on March 31, 2022
RBI mandates special clearing for government cheques on March 31, 2022, across CTS grids in New Delhi, Chennai, and Mumb
RBI Mandates Geo-Tagging for Payment Touch Points
RBI has issued a framework requiring banks and non-bank PSOs to capture and report geo-coordinates of all payment accept
FY22 Govt Account Closing: Special Measures for Agency Banks
RBI mandates all agency banks to keep designated branches open on March 31, 2022, for over-the-counter government transa
RBI extends VCF prudential norms to Category I & II AIFs
RBI has extended the prudential treatment for Venture Capital Funds (VCFs) to Category I and Category II Alternative Inv
New Meghalaya District Gets Lead Bank
RBI assigns Punjab National Bank as lead bank for Meghalaya's new Eastern West Khasi Hills district, carved from West Kh
RBI Microfinance Loan Framework 2022: Key Updates
RBI issued a unified regulatory framework for microfinance loans effective April 1, 2022. It defines microfinance loans
UAPA Sanctions List Updated: New Entity Added
RBI mandates all regulated entities to freeze assets and block transactions for Khatiba al-Tawhid wal-Jihad (KTJ), added
RBI Notifies $500 Mn Exim Bank LoC to Sri Lanka for Petroleum Imports
RBI has notified a USD 500 million Government of India-supported Line of Credit from Exim Bank to Sri Lanka for purchasi
Master Circular on Lead Bank Scheme 2022
RBI consolidated all Lead Bank Scheme guidelines up to March 31, 2022 into a single master circular. It covers coordinat
Master Circular on Guarantees and Co-acceptances: Key Updates
RBI consolidated all guarantee and co-acceptance guidelines as of March 31, 2022. Banks must limit guarantees to shorter
Master Circular on Government Pension Disbursement by Agency Banks
RBI consolidated instructions for agency banks on disbursing government pensions, as of April 1, 2022. Banks must act on
Agency Commission Master Circular 2022
RBI updated its Master Circular on agency commission for government business handled by banks, effective April 1, 2022.
Master Circular on Counterfeit Note Detection and Impounding
RBI updated its Master Circular on detecting and impounding counterfeit notes, effective April 1, 2022. Banks must machi
UCB Guarantees, Co-Acceptances & LCs: Master Circular 2022
RBI consolidated all instructions on guarantees, co-acceptances, and letters of credit for UCBs as of March 31, 2022. Ke
Master Circular on Investments by Urban Co-operative Banks
RBI consolidated all investment guidelines for Primary Urban Co-operative Banks into a single master circular, covering
Penal Provisions for Currency Chest Reporting Deficiencies
RBI's Master Direction imposes penal interest on banks for delayed, wrong, or non-reporting of currency chest transactio
RBI's Currency Distribution & Exchange Scheme Incentives
RBI's CDES framework offers financial incentives to banks for better currency management and customer service. Banks get
Penalty Scheme for Banks on Customer Service Deficiencies
RBI updated its penalty scheme for bank branches and currency chests, effective April 1, 2022. Penalties apply for short
Master Circular on Asset Reconstruction Companies
RBI consolidated all ARC guidelines into a single master circular, covering registration, capital adequacy, asset classi
Master Circular on SHG-Bank Linkage Programme
RBI consolidated all SHG-Bank linkage guidelines into one master circular, effective April 1, 2022. Banks must meet enti
SDF Balances Now Count as SLR Assets
RBI now allows banks to count Standing Deposit Facility (SDF) balances as eligible SLR assets, treating them as 'cash' f
Master Circular on Management of Advances for UCBs
RBI consolidated all advance management guidelines for Urban Co-operative Banks into a single master circular, effective
RBI hikes HTM limit to 23% of NDTL, sets phased restoration
RBI has raised the HTM limit for SLR securities from 22% to 23% of NDTL, covering bonds acquired between April 1, 2022 a
Housing Loan Risk Weight Relief Extended to March 31, 2023
RBI extends rationalised risk weights on new individual housing loans up to March 31, 2023, continuing the relief first
RBI Guidelines for Digital Banking Units (DBUs)
RBI has introduced Digital Banking Units (DBUs) to accelerate digital banking reach. Scheduled commercial banks (excludi
UAPA Section 51A: UNSC Sanctions List Updated for Two Entries
RBI mandates all regulated entities to update their screening systems with the latest UNSC 1267/1989 sanctions list amen
Master Circular: Income Recognition & Asset Classification for UCBs
RBI consolidated all prior instructions on income recognition, asset classification, and provisioning for Urban Co-opera
RBI Master Circular on Housing Finance – April 2022
RBI consolidated all housing finance guidelines for scheduled commercial banks (excluding RRBs) as of March 31, 2022. No
Master Circular on IRAC Norms for Advances (2022)
RBI consolidated all prudential norms on income recognition, asset classification, and provisioning for advances up to M
Master Circular: Bank Finance to NBFCs (2022)
RBI consolidated all instructions on bank finance to NBFCs as of March 31, 2022. Key change: credit ceiling linked to NB
Master Circular: Capital Adequacy Norms for Urban Co-op Banks
RBI consolidated Basel-I capital adequacy rules for Primary Urban Co-operative Banks (UCBs), mandating a minimum 9% CRAR
Master Circular – Basel III Capital Regulations
RBI issued a consolidated Master Circular on Basel III capital adequacy norms for scheduled commercial banks (excluding
Modified Interest Subvention Scheme for KCC Loans 2021-22
RBI extends modified Interest Subvention Scheme for short-term KCC loans up to ₹3 lakh for 2021-22. Banks get 2% subvent
LEI Mandate Extended to UCBs, NBFCs; New Timelines for Borrowers
RBI extends LEI requirement to UCBs and NBFCs. Non-individual borrowers with aggregate exposure of ₹5 crore and above mu
RBI Bans Honorary Board Titles in Urban Co-op Banks
RBI has directed all Urban Co-operative Banks to stop creating honorary board-level titles like Chairman Emeritus, as th
Large Exposures Framework for NBFC-UL
RBI has issued a Large Exposures Framework for NBFCs in the Upper Layer, defining exposure limits, grouping of connected
RBI Updates Capital Rules for State and District Co-op Banks
RBI has permitted StCBs and DCCBs to issue preference shares and debt instruments for capital augmentation, with conditi
SBR: NBFC-UL CET1 Capital Requirements
NBFCs in the Upper Layer must now maintain a Common Equity Tier 1 (CET1) ratio of at least 9% of Risk Weighted Assets, w
FPI Debt Investment Limits for FY 2022-23 Unchanged
RBI has kept FPI investment limits for G-secs, SDLs, and corporate bonds unchanged at 6%, 2%, and 15% of outstanding sto
NBFC Lending Restrictions: SBR Guidelines Effective Oct 2022
RBI has issued detailed lending restrictions for NBFCs under the Scale Based Regulation framework, effective October 1,
Consolidated Circular on Current & CC/OD Accounts
RBI consolidated all prior instructions on opening current and CC/OD accounts to enforce credit discipline. Key rule: bo
RBI mandates enhanced NBFC disclosures in financial statements
RBI has issued additional disclosure requirements for NBFCs under the Scale Based Regulation framework, effective for an
RBI Raises FALLCR to 16% of NDTL for LCR HQLA
RBI has increased the FALLCR limit from 15% to 16% of NDTL, restoring the total HQLA carve-out from mandatory SLR to 18%
RBI Mandates Compliance Function & CCO for NBFC-UL and NBFC-ML
RBI requires Upper and Middle Layer NBFCs to set up an independent Compliance Function and appoint a Chief Compliance Of
Exim Bank's USD 190 mn LoC to Mauritius: AD Bank Guidelines
RBI notifies AD Category-I banks about Exim Bank's additional USD 190 million Line of Credit to SBM (Mauritius) Infrastr
CRR Hiked by 50 bps to 4.50% from May 21, 2022
RBI raised CRR by 50 bps to 4.50% of NDTL, effective fortnight starting May 21, 2022. This tightens liquidity, reducing
RBI Hikes Bank Rate by 40 bps to 4.65%
RBI raised the Bank Rate by 40 basis points to 4.65% effective May 4, 2022, following the Monetary Policy Statement. Pen
SLF for Primary Dealers Repo Rate Hiked to 4.40%
RBI raised the repo rate by 40 bps to 4.40% effective May 4, 2022. The Standing Liquidity Facility for Primary Dealers i
ASBA branches must open Sunday for LIC IPO
RBI advises all scheduled commercial banks to keep ASBA-designated branches open on May 8, 2022 (Sunday) to process LIC
RBI Hikes Repo Rate by 40 bps to 4.40%
RBI raised the repo rate by 40 bps to 4.40% effective immediately. SDF and MSF rates also adjusted upward. This signals
RBI Withdraws 8 Circulars Under RRA 2.0 Clean-Up
RBI has withdrawn eight outdated circulars effective from close of business on May 2, 2022, covering Ready Forward contr
RBI Withdraws 46 Old Export Credit Circulars Under RRA 2.0
RBI has withdrawn 46 circulars related to the Export Credit (Interest Subsidy) Scheme, 1968, effective May 2, 2022, as p
RBI Withdraws Circular on Penal Interest for Delayed Reporting
RBI has withdrawn a February 2018 circular on penal interest for delayed reporting by currency chest banks, effective Ma
RBI Withdraws 8 Old Circulars on Urban Co-op Bank Audit & IT
RBI has withdrawn eight outdated circulars on audit standards, computerization, and auditor assignments for Primary (Urb
NBFC Deposit Rating Floor Lowered to BBB-
RBI has reduced the minimum credit rating for NBFCs to accept public deposits from any SEBI-registered agency to 'BBB-'.
NBFC KMP & Senior Management Compensation Guidelines
RBI issued final guidelines on compensation for NBFC KMPs and senior management, effective April 1, 2023. These apply to
RBI mandates differential standard asset provisioning for NBFC-UL
NBFCs in the Upper Layer must now hold graded provisions on standard assets: 0.25% for home loans and SME loans, 2% for
IES Extension Clarified for PLI Beneficiaries
RBI clarifies that exporters availing PLI benefits can still claim Interest Equalization Scheme (IES) for other product
UAPA Section 51A: UNSC Sanctions List Updated for 6 Individuals
RBI mandates all regulated entities to freeze assets and deny services to 6 newly amended individuals on the UNSC ISIL/A
BBPS: Non-bank net worth threshold cut to ₹25 crore
RBI has reduced the minimum net-worth requirement for non-bank Bharat Bill Payment Operating Units from the earlier leve
RBI allows Qualified Jewellers to import gold via IIBX
RBI now permits AD banks to process advance remittances up to 11 days for Qualified Jewellers importing gold through IIB
Housing repair loan limits raised for urban co-op banks
RBI has raised the ceiling on housing repair loans for individuals by Primary Urban Co-operative Banks: ₹10 lakh in metr
RBI clarifies reverse repo reporting on bank balance sheets
RBI has clarified that all reverse repos with the Reserve Bank, including LAF, must be shown under 'Balances with RBI' i
RBI mandates interoperable card-less cash withdrawals at ATMs
RBI now requires all banks and ATM networks to offer card-less cash withdrawals using UPI for authorization. Settlement
INR Settlement for India-Sri Lanka Trade Under SBI Credit Facility
RBI allows trade with Sri Lanka under SBI's USD 1 billion GOI-guaranteed term loan to be settled in INR outside the ACU
MSME Classification: Old Registration Validity Extended to June 2022
RBI clarifies that EM Part II and Udyog Aadhaar Memorandum obtained before July 1, 2020 remain valid for MSME classifica
RBI Withdraws 46 Old Circulars on Govt Sponsored Schemes
RBI has withdrawn 46 outdated circulars on government-sponsored schemes like SJSRY, SGSY, IRDP, and DRI, effective May 1
RBI raises AFA limit for recurring e-mandates to ₹15,000
RBI has increased the Additional Factor of Authentication (AFA) exemption limit for recurring e-mandate transactions fro
SGB Scheme 2022-23: Series I & II Subscription Dates
RBI announces Series I (June 20-24, 2022) and Series II (Aug 22-26, 2022) of Sovereign Gold Bond Scheme 2022-23. Banks m
RBI Tightens Norms for Bank Loans to Government Entities
RBI flags non-compliance in lending to government-owned entities. Banks must ensure loans are only for corporate bodies,
PMC Bank Amalgamation: UCB Provisioning on PNCPS & Warrants
UCBs must continue full provisioning on uninsured deposits with PMC Bank until PNCPS/Equity Warrants are actually allott
RBI discontinues non-resident guarantee return from June 2022
RBI has discontinued the quarterly return 'Details of guarantee availed and invoked from non-resident entities' effectiv
UCB Individual Housing Loan Limits Doubled
RBI has doubled individual housing loan limits for Urban Co-operative Banks: Tier-I UCBs can now lend up to ₹60 lakh per
RBI hikes housing loan limits for co-op banks, allows CRE-RH lending
RBI raised individual housing loan limits for StCBs/DCCBs: from ₹20 lakh to ₹50 lakh (net worth <₹100 crore) and from ₹3
RBI Allows Doorstep Banking for Urban Co-operative Banks
RBI permits financially sound UCBs to offer doorstep banking services voluntarily, while others need prior approval. Ser
RBI Hikes Bank Rate by 50 bps to 5.15%
RBI raised the Bank Rate by 50 basis points to 5.15% effective June 8, 2022, following the Monetary Policy Statement. Th
SLF for Primary Dealers: Repo Rate Hiked to 4.90%
RBI raised the repo rate by 50 bps to 4.90% effective June 8, 2022. Consequently, the Standing Liquidity Facility for Pr
Repo Rate Hiked 50 bps to 4.90%: SDF & MSF Adjusted
RBI hiked the repo rate by 50 bps to 4.90% effective immediately. SDF and MSF rates adjusted to 4.65% and 5.15% respecti
RBI Allows Indian Banks in GIFT-IFSC as IIBX Clearing Members
RBI now permits branches of Indian scheduled commercial banks in GIFT-IFSC to act as Professional Clearing Members (PCM)
Lead Bank Rejig for Andhra Pradesh's 13 New Districts
RBI has assigned lead bank responsibility for 13 new districts in Andhra Pradesh, with Union Bank of India taking charge
Exim Bank's USD 55 Million Credit Line to Sri Lanka for Urea
RBI notifies AD Category-I banks about Exim Bank's USD 55 million Government of India-supported Short-Term Line of Credi
CRR/SLR Exemption for Incremental FCNR(B) and NRE Term Deposits
From July 30, 2022, incremental FCNR(B) and NRE term deposits (over July 1, 2022 base) are exempt from CRR/SLR. Exemptio
RBI Temporarily Lifts Interest Rate Caps on FCNR(B) and NRE Deposits
From July 7 to October 31, 2022, RBI has temporarily removed interest rate ceilings on incremental FCNR(B) deposits and
Unity Small Finance Bank Added to RBI Schedule II
RBI has officially included Unity Small Finance Bank Limited in the Second Schedule of the RBI Act, 1934, effective Apri
RBI Tightens Rules on Takeover and Sale of Non-Bank PSOs
Non-bank PSOs must now get RBI's prior approval for any takeover, acquisition of control, or sale/transfer of payment ac
RBI Updates Note Sorting Machine Parameters for New Banknotes
RBI has revised note authentication and fitness sorting parameters for bank-operated machines, effective July 1, 2022. B
Glide Path for SR Provisioning by Co-op Banks & NBFCs
RBI allows co-operative banks, RRBs, NBFCs, and AIFIs to spread the provisioning shortfall on legacy Security Receipts (
RBI Extends Card-on-File Storage Ban Deadline to Sept 30, 2022
RBI has extended the deadline for purging stored card-on-file (CoF) data by three months to September 30, 2022. Token cr
Housing Finance Master Circular for Urban Co-op Banks
RBI consolidated all housing finance guidelines for Urban Co-operative Banks (UCBs) into a single Master Circular, issue
RBI mandates action on 7 new UAPA terrorist designations
RBI has directed all regulated entities to immediately update their records with 7 individuals newly designated as terro
RBI Extends Deadline for Key Credit Card Rules to Oct 2022
RBI has pushed the implementation date for three specific credit card rules from July 1 to October 1, 2022. These includ
RBI Tightens NPA Divergence Disclosure Norms for Banks and UCBs
RBI now requires commercial banks and Urban Co-operative Banks to disclose asset classification and provisioning diverge
UNSC Updates DPRK Sanctions List: 44 Entries Amended
RBI directs all regulated entities to note UNSC's July 26, 2022 amendments to 44 existing entries on the DPRK sanctions
RBI Finalises Card-on-File Storage Ban: Oct 1 Deadline Stands
RBI confirms no extension to the October 1, 2022 ban on storing actual card data (CoF) by non-issuers/networks. Merchant
RBI Extends PA Authorisation Application Window to Sept 2022
RBI has given non-bank Payment Aggregators (PAs) existing as on March 17, 2020, a fresh window until September 30, 2022,
UCBs Must Review Loan Policy Annually
RBI mandates that Primary Urban Co-operative Banks must have their board-approved loan policy reviewed at least once eve
DAY-NRLM Master Circular: Key Updates for Banks
RBI consolidated all DAY-NRLM guidelines into a single master circular, replacing the April 2021 version. Banks must ali
UNSCR 1718 DPRK Sanctions List Updated: One Entry Amended
RBI directs all regulated entities to note the June 30, 2022 amendment to the UNSCR 1718 DPRK sanctions list, specifical
RBI Enables INR Settlement for International Trade
RBI now allows cross-border trade invoicing and settlement in INR via Special Rupee Vostro Accounts. AD banks need prior
Indo-Sri Lanka Trade: ACU Mechanism Suspended
RBI has temporarily allowed Indo-Sri Lanka trade settlements in any permitted currency outside the ACU mechanism, effect
AD Cat-I Banks: Overseas Borrowings for On-Lending in Foreign Currency
RBI allows AD Cat-I banks to use overseas foreign currency borrowings raised from July 8 to October 31, 2022, for on-len
RBI relaxes FPI short-term debt limits for July-Oct 2022
RBI temporarily exempts FPI investments in government securities and corporate bonds made between July 8 and October 31,
RBI Adds 7-Year and 14-Year G-Secs to Fully Accessible Route for NRIs
RBI has designated two specific government securities (7.10% GS 2029 and 7.54% GS 2036) and all new 7-year and 14-year t
RBI Tightens Rules on Recovery Agents: No Harassment Allowed
RBI mandates that regulated entities are fully responsible for recovery agents' actions. Agents must not harass debtors
Bilateral Netting: Exemptions Tightened for Banks
RBI clarifies that exemptions for short-term FX contracts and sold options under bilateral netting are withdrawn for ent
RBI Eases Branch and ATM Rules for DCCBs
RBI now allows District Central Co-operative Banks (DCCBs) to open new branches, extension counters, and install off-sit
SPDs Allowed to Offer FCS-OIS to Non-Residents and Banks
RBI now permits stand-alone primary dealers (SPDs) to offer Foreign Currency Settled Overnight Indexed Swaps (FCS-OIS) t
SFBs Now Eligible for AD Category-I License
RBI now allows scheduled Small Finance Banks with at least two years as AD Category-II to apply for AD Category-I licens
Bank Rate Hiked by 50 bps to 5.65%
RBI raised the Bank Rate by 50 basis points to 5.65%, effective immediately. This directly increases penal interest rate
Repo Rate Hiked 50 bps: SLF for Primary Dealers Revised
RBI hiked the repo rate by 50 bps to 5.40% effective August 5, 2022. The Standing Liquidity Facility for Primary Dealers
Repo Rate Hiked by 50 bps to 5.40%
RBI hiked the repo rate by 50 bps to 5.40% effective August 5, 2022. SDF and MSF rates adjusted to 5.15% and 5.65% respe
RBI Tweaks Gold Monetisation Scheme: Renewal & Redemption Rules
RBI has amended the Gold Monetisation Scheme 2015, deleting old sub-para 2.2.2.(v) and inserting new guidelines for rene
RBI Master Circular on Credit to Minority Communities
RBI consolidated guidelines for banks to ensure fair credit flow to minority communities. Banks are advised to monitor l
RBI Doubles ECB Automatic Route Limit to $1.5 Billion, Eases Cost Ceiling
RBI has raised the automatic route limit for ECBs from USD 750 million to USD 1.5 billion per financial year and increas
RBI Master Circular on SC/ST Credit Facilities
RBI consolidated all prior guidelines on credit to SC/ST communities into one Master Circular. Banks must prioritize SC/
Repo Rate Hiked 50 bps to 5.90%: SDF & MSF Adjusted
RBI hiked the repo rate by 50 bps to 5.90% effective September 30, 2022. SDF and MSF rates adjusted to 5.65% and 6.15% r
UNSC DPRK Sanctions List Updated: IMO Number Changes
RBI directs all regulated entities to note amendments to two entries on the UNSCR 1718 DPRK sanctions list, affecting on
RBI Mandates Compliance Function & CCO for Tier 3 and Tier 4 UCBs
RBI now requires Tier 3 and Tier 4 Urban Co-operative Banks to set up a formal compliance function and appoint a Chief C
RBI Updates FCNR(B) Reference Rate and Savings Account Rules
RBI has shifted FCNR(B) deposit reference rates from FEDAI to FBIL effective January 31, 2022, and clarified savings acc
Exim Bank USD 448 mn LoC for Uzbekistan Social Projects
RBI notifies AD Category-I banks of Exim Bank's USD 448 million GOI-supported Line of Credit to Uzbekistan for social in
RBI allows RDA remittances via BBPS for cross-border bill payments
RBI now permits foreign inward remittances under Rupee Drawing Arrangement to be routed through Bharat Bill Payment Syst
Exim Bank's $108.28 mn LoC to Eswatini for Parliament Building
RBI notifies AD Category-I banks about Exim Bank's $108.28 million LoC to Eswatini for constructing a new Parliament bui
Zero Risk Weight for Credit Guarantee Schemes Expanded
RBI extends zero percent risk weight to all existing and future schemes of CGTMSE, CRGFTLIH, and NCGTC, provided guarant
GST Applicability on Cash Service Charges for Non-Chest Branches
RBI clarifies that service charges for cash deposited by non-chest branches at currency chests are exclusive of GST. Ban
RBI Digital Lending Guidelines for Banks and NBFCs
RBI issued binding digital lending guidelines effective September 2, 2022, covering all commercial banks, co-operative b
RBI Overhauls Overseas Investment Rules for Ease of Business (August 22, 2022)
RBI has issued new Foreign Exchange Management (Overseas Investment) Directions, 2022, dated August 22, 2022, supersedin
RBI revises list of LWE-affected districts for branch authorisation
RBI has reduced the list of Left Wing Extremism-affected districts from 90 to 70, effective August 22, 2022. Banks must
10 New UAPA Terrorist Designations: Immediate Compliance Required
RBI mandates all regulated entities to immediately screen customers against 10 newly designated terrorists under UAPA Sc
Exim Bank's EUR 100 mn credit line to Cuba for rice imports
RBI notified Exim Bank's EUR 100 million short-term line of credit to Banco Exterior de Cuba for financing rice purchase
NCGTC Claim Amounts: CRR/SLR Relief for Banks
RBI now exempts NCGTC guarantee claim amounts received by banks from NDTL computation for CRR/SLR, pending adjustment ag
RBI's 2022 Unhedged Foreign Currency Exposure Directions
RBI consolidated UFCE guidelines into a single direction effective January 1, 2023, applicable to all commercial banks e
RBI Revamps ARC Governance and Capital Rules
RBI has tightened corporate governance, capital adequacy, and disclosure norms for Asset Reconstruction Companies (ARCs)
SPDs get forex nod, tighter prudential norms
RBI now allows Standalone Primary Dealers to undertake foreign exchange activities as a non-core business, subject to RB
SPDs get full forex market-making powers
RBI now allows Standalone Primary Dealers to offer all foreign exchange market-making facilities, matching Category-I Au
Risk Weight Rules Tightened for Unrated Corporate & NBFC Exposures
From March 31, 2023, banks cannot use a loan rating for capital computation unless the ECAI's press release names the ba
RBI mandates Internal Ombudsman for Credit Information Companies
RBI directs all Credit Information Companies (CICs) to appoint an Internal Ombudsman by April 1, 2023, to independently
Bank Rate Hiked by 50 bps to 6.15%
RBI raised the Bank Rate by 50 basis points to 6.15% effective September 30, 2022. This directly increases penal interes
RBI Standardises Late Submission Fee for FEMA Reporting
RBI has unified Late Submission Fee (LSF) across foreign investment, ECB, and overseas investment reporting. Non-flow re
Repo Rate Hiked to 5.90%: SLF for Primary Dealers Revised
RBI hiked the policy repo rate by 50 bps to 5.90% effective immediately. The Standing Liquidity Facility for Primary Dea
Revised Net Worth & CRAR Norms for Urban Co-op Banks
RBI has set minimum net worth of ₹2 crore for Tier-1 single-district UCBs and ₹5 crore for all others, with phased compl
RBI eases rules for foreign/IFSC branches on new financial products
RBI now allows Indian banks' foreign and IFSC branches to deal in financial products not permitted domestically, without
RBI Revamps UCB Categorization to Four Tiers
RBI replaces the two-tier UCB classification with a four-tier system based on deposit size, effective immediately. This
Revised FSWM Criteria for Urban Co-operative Banks
RBI has revised the criteria for UCBs to self-classify as Financially Sound and Well Managed (FSWM). Key changes include
RBI Notifies MMIFOR as Significant Benchmark
RBI has added Modified Mumbai Interbank Forward Outright Rate (MMIFOR) to the list of significant benchmarks. FBIL must
SDF Balances Now Count as HQLA for LCR
RBI has clarified that overnight balances parked by banks under the Standing Deposit Facility (SDF) qualify as Level 1 H
GSTN Added as Financial Information Provider Under AA Framework
RBI has included GSTN as a Financial Information Provider under the Account Aggregator framework, allowing lenders to ac
Modified Interest Subvention Scheme for KCC Loans: FY2022-23 and FY2023-24
RBI extends the Modified Interest Subvention Scheme for KCC loans through FY2023-24. Farmers get loans at 7% with 1.5% s
Nagaland New Districts: Lead Bank Assignments
RBI has assigned lead bank responsibility for four new districts in Nagaland—Tseminyu, Niuland, Chumoukedima, and Shamat
Exim Bank's $300 Mn LoC for Mauritius Metro Phase-IV
RBI notifies AD Category-I banks of Exim Bank's $300 million GoI-supported Line of Credit to SBMIDCL for Mauritius Metro
Agency Commission Settlement for Direct Tax under TIN 2.0
RBI has shifted agency commission claims for direct tax collections under TIN 2.0 to Mumbai Regional Office only. Claims
RRB Internet Banking Eligibility Revised
RBI has revised eligibility criteria for RRBs to offer transactional internet banking. Key requirements: full CBS and IP
Lead Bank Responsibility for New Bajali District in Assam
RBI assigns UCO Bank as lead bank for Assam's new Bajali district, carved from Barpeta. A new district working code (01O
SGB Series III & IV: Subscription Dates Announced
RBI has announced Series III and IV of the Sovereign Gold Bond Scheme 2022-23. Subscription for Series III runs Dec 19-2
RBI Master Direction on Hedging Commodity & Freight Risk Overseas
RBI issued a new Master Direction allowing resident entities (except individuals) to hedge commodity price and freight r
RBI Master Direction: Hedging Commodity & Freight Risk Overseas
RBI issued a Master Direction effective Dec 12, 2022, allowing resident non-individual entities to hedge commodity price
RBI Tightens Disclosure Norms for Banks' Balance Sheet Items
Banks must now disclose in notes to accounts any item under 'Other Liabilities' or 'Other Assets' exceeding 1% of total
NCLT/NCLAT Cases Must Be Reported as Suit-Filed to CICs
RBI mandates that all cases admitted under IBC at NCLT/NCLAT be reported as suit-filed accounts to Credit Information Co
RBI Issues Master Direction on Hedging Commodity & Freight Risk Overseas
RBI issued a Master Direction under FEMA, via circular dated December 12, 2022, detailing how AD Cat-I banks must facili
RBI allows gold price hedging in IFSC for resident entities
RBI now permits eligible resident entities to hedge gold price risk on IFSC exchanges, reversing a prior ban. This align
RBI Extends Enhanced HTM Limit for SLR Securities to March 2024
RBI extends the enhanced HTM limit of 23% of NDTL for SLR securities until March 31, 2024, and allows inclusion of secur
Repo Rate Hiked to 6.25%; SLF for PDs Revised
RBI hiked the policy repo rate by 35 bps to 6.25% with immediate effect. Consequently, the Standing Liquidity Facility f
RBI Hikes Bank Rate by 35 bps to 6.50%
RBI raised the Bank Rate by 35 basis points to 6.50% effective December 7, 2022, aligning with the monetary policy stanc
Repo Rate Hiked 35 bps to 6.25%: SDF & MSF Adjusted
RBI hiked the repo rate by 35 bps to 6.25% effective immediately. SDF and MSF rates are now 6.00% and 6.50% respectively
RBI Extends Locker Agreement Renewal Deadline to Dec 31, 2023
RBI has extended the locker agreement renewal deadline to December 31, 2023, with phased milestones. Banks must notify c
UAPA Sanctions: New UNSC Terror Listing Added
RBI mandates all regulated entities to freeze assets and block accounts of Abdul Rehman Makki, newly added to the UNSC 1
UAPA Terrorist Designations: New Entities Added to Schedules I & IV
RBI mandates all regulated entities to immediately screen accounts against two newly designated terrorists and one terro
RBI's 2023 Master Direction on Share Acquisition in Banks
RBI mandates prior approval for any acquisition resulting in 5% or more shareholding or voting rights in a banking compa
Lead Bank for Sikkim's New Pakyong District Assigned to Central Bank of India
RBI assigned lead bank responsibility for Sikkim's newly created Pakyong district to Central Bank of India, with distric
Lead Bank for New Lower Siang District in Arunachal Pradesh
RBI assigns State Bank of India as lead bank for the newly formed Lower Siang district in Arunachal Pradesh, effective f
RBI mandates price/yield range setting in e-Kuber for G-Sec auctions
RBI has advised all G-Sec market participants to use the price/yield range setting facility in e-Kuber before placing bi
RBI Updates List of Eligible Credit Rating Agencies for Basel III
RBI has revised the list of domestic credit rating agencies banks can use for risk-weighting claims under Basel III capi
Lead Bank Assignment for 5 New Chhattisgarh Districts
RBI assigned lead bank responsibility for five new Chhattisgarh districts: SBI gets three, Bank of Baroda one, Central B
Foreign Investment Reporting: SMF Auto-Ack & LSF on FIRMS
RBI has automated SMF reporting on FIRMS: forms get auto-acknowledged, AD banks must verify within 5 working days, and t
UCB Housing Loan Limits Aligned to Four-Tier Framework
RBI has revised individual housing loan ceilings for Urban Co-operative Banks under the new four-tier structure: ₹60 lak
Payment Fraud Reporting Moves to DAKSH from Jan 1, 2023
From January 1, 2023, all payment frauds must be reported via DAKSH instead of EDSP. Banks, NBFCs, and PSOs must use DAK
RBI's New IRRBB Framework: Key Takeaways for Banks
RBI issued final guidelines on Interest Rate Risk in Banking Book (IRRBB), aligning with Basel standards. Banks must mea
RBI Notifies $100 Mn Exim Bank LOC for Maldives Projects
RBI has notified a $100 million Government of India-supported Line of Credit from Exim Bank to the Maldives for developm
FCRA Transaction Codes in NEFT/RTGS: New Mandate from March 15
From March 15, 2023, banks must use specific transaction codes (NEFT: code 41 in field 6305, RTGS: FCRA in PmtTpInf/Ctgy
SBI Gets Lead Bank Role for Sikkim's New Soreng District
RBI assigned State Bank of India as lead bank for Sikkim's newly formed Soreng district, carved from West Sikkim. A new
UPI Access for Foreign Nationals and NRIs Visiting India
RBI now allows foreign nationals and NRIs visiting India to use UPI for merchant payments, starting with G-20 travellers
Repo Rate Hiked 25 bps to 6.50%
RBI raised the policy repo rate by 25 bps to 6.50% effective immediately. The SDF and MSF rates are now 6.25% and 6.75%
Bank Rate Hiked by 25 bps to 6.75%
RBI raised the Bank Rate by 25 basis points to 6.75% effective February 8, 2023. This directly increases penal interest
Repo Rate Hiked to 6.50%: SLF for Primary Dealers Revised
RBI raised the policy repo rate by 25 bps to 6.50% effective February 8, 2023. Consequently, the Standing Liquidity Faci
UNSC Sanctions List Updated: 29 Entries Amended
RBI mandates all regulated entities to immediately update their screening systems with the latest UNSC 1267/1989 ISIL &
UAPA Update: ISIL-Southeast Asia Added to UN Sanctions List
RBI directs all regulated entities to freeze assets and deny services to Islamic State in Iraq and the Levant in South-E
UAPA Terrorist Designation: 3 New Names Added
RBI mandates all regulated entities to immediately screen customers against three newly designated terrorists under UAPA
Sovereign Green Bonds Now Open to Non-Residents via FAR
RBI has designated all Sovereign Green Bonds issued in FY 2022-23 as 'specified securities' under the Fully Accessible R
RBI Master Circular: Credit Boost for SC/ST Borrowers
RBI consolidated all prior guidelines on credit facilities for Scheduled Castes and Scheduled Tribes into a single Maste
Master Circular on Credit Facilities to Minority Communities
RBI consolidates all prior instructions on credit to minority communities into one Master Circular. Banks must ensure fa
Special Clearing for Government Cheques on March 31, 2023
RBI mandates special clearing for government cheques on March 31, 2023 across CTS grids to ensure all government transac
Revised Net Worth & Capital Adequacy for UCBs Effective March 31, 2023
RBI has confirmed that the revised net worth and capital adequacy framework for Urban Co-operative Banks (UCBs) will tak
Abu Dhabi Commercial Bank PJSC ceases to be a banking company under BR Act
RBI notifies that Abu Dhabi Commercial Bank PJSC has ceased to be a banking company under Section 36A(2) of the Banking
Abu Dhabi Commercial Bank Removed from RBI Schedule II
RBI has excluded Abu Dhabi Commercial Bank PJSC from the Second Schedule of the RBI Act, 1934, effective from a February
FY23 Year-End: Govt Account Closing Instructions for Agency Banks
All government transactions for FY 2022-23 must be booked within the same year. Agency banks must keep branches open on
UNSC Sanctions List Updated: 102 Entries Amended
RBI mandates all regulated entities to update their screening against the amended UNSC ISIL & Al-Qaida sanctions list (1
March 2023 Central Govt Transactions: Closure & Reporting
The Government of India has set April 10, 2023 as the residual transaction closure date for March 2023. Agency banks mus
UAPA: 1 Individual & 2 Groups Added to Terror Lists
RBI directs all regulated entities to immediately apply UAPA screening to one individual and two organisations newly lis
RBI tightens rules on unrealised management fee for ARCs under Ind AS
RBI now requires ARCs to deduct unrealised management fee (over 180 days) from net owned funds for capital adequacy and
RBI extends financial disclosure norms to rural co-op banks
RBI has made its 2021 Master Direction on financial statement presentation and disclosures applicable to State and Centr
RBI Green Deposit Framework: Key Rules for Banks
RBI's new Green Deposit Framework, effective June 1, 2023, requires scheduled commercial banks and deposit-taking NBFCs
RBI launches APConnect portal for FFMCs and non-bank AD Cat-II
RBI has launched APConnect, an online portal for FFMCs and non-bank AD Cat-II to handle licensing, renewals, and returns
Master Circular for Asset Reconstruction Companies
RBI consolidated all ARC guidelines into a single master circular as of March 31, 2023, covering registration, capital a
Master Circular on Lead Bank Scheme: Key Updates for Banks
RBI consolidated all Lead Bank Scheme guidelines up to March 31, 2023 into one master circular. It covers forum structur
Master Circular: Government Pension Disbursement by Agency Banks
RBI has updated its master circular on government pension disbursement by agency banks, consolidating instructions up to
Master Circular: Bank Finance to NBFCs (2023)
RBI consolidated its guidelines on bank finance to NBFCs into a single master circular as of April 3, 2023. Key changes
Master Circular on Housing Finance: Key Updates for Banks
RBI consolidated all housing finance instructions up to March 31, 2023, into a single master circular. It covers loan qu
Master Circular on Agency Commission for Government Business
RBI updated its master circular on agency commission for banks handling government business, dated April 1, 2023, consol
RBI Master Circular on IRAC Norms for Advances (2023)
RBI consolidated all IRAC norms for commercial banks (excluding RRBs) as of March 31, 2023. This annual master circular
Master Circular on Guarantees and Co-acceptances 2023
RBI consolidated all instructions on guarantees and co-acceptances for scheduled commercial banks (excluding Payments Ba
Master Circular on SHG-Bank Linkage Programme
RBI consolidated all SHG-Bank Linkage guidelines into one master circular, dated April 1, 2023. Banks must meet entire c
Master Circular on Guarantees, Co-Acceptances & Letters of Credit for UCBs
RBI consolidated all instructions on guarantees, co-acceptances, and letters of credit for Primary Urban Co-operative Ba
Master Circular on IRAC Norms for UCBs
RBI consolidated all IRAC norms for Primary Urban Co-operative Banks into a single master circular, effective May 8, 202
RBI Updates Wire Transfer KYC Rules, Aligns with FATF
RBI has amended the Master Direction on KYC to update wire transfer instructions, effective immediately. The changes ali
RBI amends KYC Master Direction: WMD Act, FATF alignment
RBI has amended the KYC Master Direction to align with recent PMLA rule changes, incorporate WMD Act Section 12A procedu
UAPA Sanctions List Updated: Two ISIL-K Terrorists Added
RBI directs all regulated entities to immediately screen accounts against two new UNSC sanctions list entries—Maulawi Ra
Assam District Mergers: Lead Bank Roles Stay with Original Banks
RBI confirms that after Assam's merger of Biswanath, Hojai, and Bajali districts into Sonitpur, Nagaon, and Barpeta, the
LRS: No More 15-Day Repatriation Rule for IFSC Accounts
RBI has scrapped the mandatory 15-day repatriation condition for idle funds in Foreign Currency Accounts opened by resid
DAY-NRLM Master Circular: Updated Guidelines for Banks
RBI consolidated all DAY-NRLM instructions into a single master circular, replacing the July 2022 version. Banks must fo
RBI Revamps General Credit Card Facility for MSMEs
RBI has replaced the 2013 GCC Scheme with a new 'General Credit Card (GCC) Facility' effective April 25, 2023. It aligns
UCB Standard Asset Provisioning Norms Harmonised Under Four-Tier Framework
RBI has harmonised standard asset provisioning norms for all four tiers of Urban Co-operative Banks, effective April 24,
Master Circular: Capital Adequacy Norms for Urban Co-op Banks
RBI consolidated prudential norms on capital adequacy for Primary (Urban) Co-operative Banks (UCBs). Key requirements: m
AD Category-II entities can now allow online Form A2 submission
RBI now permits AD Category-II entities to allow online submission of Form A2, extending a facility previously available
Housing Finance Master Circular for Urban Co-op Banks (RBI/2023-24/15 DOR.CRE.REC.No.9/07.10.002/2023-24)
RBI consolidated housing finance guidelines for Primary Urban Co-operative Banks (UCBs) into a single Master Circular (R
Call Money Borrowing Limits: Banks Get Autonomy
Scheduled Commercial Banks (excluding SFBs and PBs) can now set their own borrowing limits in Call and Notice Money Mark
RBI Expands TReDS: Insurance, More Financiers, Secondary Market
RBI has expanded TReDS guidelines to include insurance companies as fourth participants, allow all entities permitted un
RBI expands onshore INR NDDC market for residents and banks
RBI now permits AD Cat-I banks at IFSC to offer INR NDDCs to resident non-retail users for hedging, with INR cash settle
UNSC Sanctions List: Two Entries Removed – UAPA Compliance Update
RBI notifies removal of two individuals from UNSC ISIL/Al-Qaida sanctions list per UNSC press release SC/15309. Regulate
UAPA Sanctions List Updated: One Entry Amended
RBI directs all regulated entities to update their screening systems with the latest UNSC sanctions list amendment for o
₹2000 Note Exchange: Banks Must Maintain Daily Data
RBI directs banks to continue over-the-counter exchange of ₹2000 notes as before, provide summer amenities like shade an
₹2000 Notes Withdrawn from Circulation, Still Legal Tender
RBI has withdrawn ₹2000 banknotes from circulation, but they remain legal tender. Banks must stop issuing these notes im
RBI Updates Basel III Capital Master Circular
RBI issued a consolidated Master Circular on Basel III capital regulations, updating and replacing the April 2022 versio
Final LIBOR Transition Deadline: No New US$ LIBOR or MIFOR Contracts After June 30, 2023
RBI mandates banks to stop all new US$ LIBOR and MIFOR-linked contracts immediately and complete fallback clause inserti
RBI bans forex-denominated charges on prepaid travel cards
RBI has directed that all fees/charges payable in India on forex prepaid cards, store value cards, and travel cards must
Lead Bank for New Leparada District in Arunachal Pradesh
RBI assigns State Bank of India as lead bank for the newly formed Leparada district in Arunachal Pradesh, carved from Lo
Udyam Assist Certificates Now Valid for PSL Benefits
The Government of India, via Gazette Notification, has specified that Udyam Assist Certificates are at par with Udyam Re
NongHyup Bank Added to RBI Second Schedule
RBI has included NongHyup Bank in the Second Schedule of the RBI Act, 1934, effective June 20, 2023. This grants it sche
WMD Act Designated List Updated: UNSC Sanctions Amendments
RBI mandates all regulated entities to update their sanctions screening with the latest UNSC amendments to the DPRK and
RBI Updates WMD Act Sanctions List for DPRK and Iran
RBI has circulated the consolidated UNSC designated list of sanctioned individuals and entities under the WMD Act, 2005,
RBI's New Operational Risk Capital Rules: Basel III SA
RBI issued a Master Direction replacing existing operational risk capital approaches (BIA, TSA, ASA, AMA) with the Basel
MIFOR ceases to be a significant benchmark from July 1, 2023
RBI has approved FBIL to stop publishing MIFOR after June 30, 2023, due to USD LIBOR cessation. MIFOR is removed from th
RBI Allows LRS Remittances for Studies Abroad to IFSCs
RBI now permits resident individuals to remit funds under LRS to IFSCs for 'studies abroad' fees to foreign universities
Sovereign Gold Bond Scheme 2023-24: Tranche Dates and Procedures
RBI has opened the Sovereign Gold Bond Scheme for FY 2023-24 with two tranches. Series I subscription runs June 19-23, 2
ICEGATE Agency Commission Claims: New Settlement Route
From April 1, 2023, agency banks must submit commission claims for indirect taxes collected via ICEGATE to RBI's Mumbai
RBI Extends PSL Glide Path for Urban Co-op Banks by Two Years
RBI has extended the timeline for Urban Co-operative Banks to meet revised Priority Sector Lending targets by two years,
RBI Finalizes Default Loss Guarantee Rules for Digital Lending
RBI has issued final guidelines permitting Default Loss Guarantee (DLG) arrangements in digital lending, effective June
RBI's New Framework for Compromise Settlements and Technical Write-offs
RBI issued a comprehensive framework for compromise settlements and technical write-offs, effective June 8, 2023. It req
UCB Branch Expansion: General Permission for FSWM Banks
RBI grants general permission for branch expansion to Financially Sound and Well Managed (FSWM) Urban Co-operative Banks
RBI Mandates 30-Day Document Release After Loan Closure
RBI now requires lenders to release all original property documents within 30 days of full loan repayment or settlement,
RBI Revamps Bank Investment Portfolio Rules: New Classification & Valuation Norms
RBI issued revised Master Directions on classification, valuation, and operation of investment portfolios for commercial
RBI phases out incremental CRR in three tranches
RBI will release the incremental CRR (I-CRR) impounded since August 10, 2023 in three stages starting September 9, 2023,
Credit Lines via UPI: RBI Expands Funding Options
RBI now allows scheduled commercial banks to link pre-sanctioned credit lines to UPI for individual customers, with thei
Offline UPI limit raised to ₹500 per transaction
RBI has increased the per-transaction limit for small-value offline digital payments from ₹200 to ₹500, effective immedi
WMD Act Compliance: UNSC Sanctions List Updated
RBI mandates all regulated entities to update their designated lists per UNSC 1718 sanctions amendments on DPRK, effecti
RBI Tightens Rules on Floating Rate Personal Loan EMI Resets
RBI mandates lenders to give borrowers a clear choice at interest rate resets: increase EMI, extend tenor, or both. Lend
RBI Overhauls IDF-NBFC Rules: Higher Capital, More Flexibility
RBI has revised IDF-NBFC regulations, effective August 18, 2023. Key changes include a higher minimum net owned funds of
RBI Bans Penal Interest, Mandates Flat Penal Charges from Jan 2024
From January 1, 2024, banks must replace penal interest with flat penal charges on loan defaults. These charges cannot b
RBI Imposes 10% Incremental CRR on NDTL Growth
RBI mandates a 10% incremental CRR on NDTL growth from May 19 to July 28, 2023, effective August 12, 2023, to absorb sur
UCB Advances Master Circular: Key Updates for Urban Co-op Banks
RBI consolidated all advance management guidelines for Primary Urban Co-operative Banks into a single Master Circular, e
UAPA Sanctions List Updated: Two Entries Amended
RBI has notified updates to the UNSC 1267/1989 sanctions list, amending two entries (Yazid Sufaat and Faysal Ahmad Bin A
RBI Tightens Credit Bureau Grievance Norms for Banks
RBI mandates CICs to alert customers via SMS/email when credit reports are accessed, and CIs to alert customers when def
DEA Fund Transfers: New Disclosure Rules for Banks
RBI now requires all cooperative banks to show unclaimed liabilities transferred to the DEA Fund under 'Contingent Liabi
RBI mandates at least two Whole Time Directors on bank boards
RBI now requires all private sector banks and foreign bank subsidiaries to have at least two Whole Time Directors (WTDs)
RBI updates KYC Master Direction with new PML Rules, UAPA, WMD Act, FCRA section
RBI has amended its KYC Master Direction to align with recent PML Rules amendments, updated UAPA and WMD Act orders, FAT
Reverse Repo Reporting in Form A: RBI Clarifies Classification
RBI has standardized how banks report reverse repo transactions in Form A Return. Short-tenor reverse repos (≤14 days) w
PCA Framework Extended to Government NBFCs
RBI extends Prompt Corrective Action (PCA) framework to government NBFCs (excluding Base Layer) from October 1, 2024, ba
Gold Loan Bullet Repayment Limit Doubled for Compliant UCBs
RBI has doubled the gold loan bullet repayment ceiling from ₹2 lakh to ₹4 lakh for Primary Urban Co-operative Banks that
March 31, 2024: Sunday declared working day for govt transactions on e-Kuber
RBI has declared March 31, 2024 (Sunday) a working day for government transactions on e-Kuber to ensure all FY2023-24 re
₹2000 Note Withdrawal: Final Extension Till Oct 7, 2023
RBI extends ₹2000 note deposit/exchange at banks till Oct 7, 2023. From Oct 8, only RBI offices will accept them. 96% of
SARFAESI Asset Possession Disclosures Mandated
RBI now requires all secured creditors to publicly display details of borrowers whose secured assets have been taken int
RBI expands Data Quality Index to commercial and microfinance segments
RBI mandates Credit Information Companies to prepare Data Quality Index (DQI) for commercial and microfinance segments b
PM Vishwakarma Scheme: Credit Support for Artisans
RBI notifies banks and NBFCs about the PM Vishwakarma Scheme, offering concessional credit with interest subvention to a
UAPA Section 51A: UNSC Sanctions List Updated for 5 Entries
RBI mandates all regulated entities to screen accounts against the updated UNSC 1267/1989 sanctions list. Four individua
RBI allows advance payment for silver imports via IIBX
AD Category-I banks can now allow Qualified Jewellers to remit advance payment for 11 days for silver imports through II
RBI Assigns Lead Banks for 19 New Rajasthan Districts
RBI has designated lead banks for 19 newly formed districts in Rajasthan, following a government notification effective
Sovereign Green Bonds added to FAR for non-resident investors
RBI has included all Sovereign Green Bonds issued in FY 2023-24 under the Fully Accessible Route (FAR), allowing non-res
RBI Brings Cross-Border Payment Aggregators Under Direct Regulation
RBI now directly regulates all entities handling cross-border payments for imports/exports, classifying them as Payment
RBI NOC Mandatory for Co-op Bank Name Changes
Co-operative banks must now obtain RBI's no-objection certificate before changing their name or altering bye-laws, per t
DCCB Branch Shifting & Closure: RBI Clarifies Rules
RBI clarifies that DCCBs can shift branches within the same village, town, or locality/municipal ward without prior RBI
RBI Mandates Dual Role for Account Aggregator Participants
RBI now requires regulated entities joining the Account Aggregator ecosystem as Financial Information Users to also onbo
RBI replaces Pension Fund with CRA as FIP in AA framework
RBI has replaced 'Pension Fund' with 'Central Recordkeeping Agency' as the Financial Information Provider under the Acco
RBI Hikes Bulk Deposit Threshold for RRBs to ₹1 Crore
RBI raised the bulk deposit limit for Regional Rural Banks from ₹15 lakh to ₹1 crore, aligning it closer to commercial b
RBI Raises Non-Callable Deposit Threshold to ₹1 Crore
RBI has increased the minimum amount for non-callable term deposits from ₹15 lakh to ₹1 crore. All domestic term deposit
Compensation for Delayed Credit Info Updates
RBI mandates ₹100/day compensation for delayed credit information rectification beyond 30 days. Banks must update CICs w
Trade Credit Guarantee Reporting Moves to CIMS Platform
RBI has shifted quarterly reporting of bank guarantees for trade credits from XBRL to the CIMS portal (return code R131)
RBI Moves Rupee Drawing Arrangement Reporting to CIMS Portal
From December 26, 2023, AD Category-I banks must submit quarterly statement E on total remittances via the CIMS portal (
RBI Circular on CIMS Project Implementation for AD Category-I Banks
RBI issued A.P. (DIR Series) Circular No.12 on December 22, 2023, to all Category-I Authorised Dealer Banks regarding di
LRS Reporting Moves from XBRL to CIMS Portal
From Dec 26, 2023, AD Category-I banks must submit LRS monthly (R089) and daily (R010) returns on CIMS portal instead of
Revised Reporting of Reverse Repo with Non-Banks in Form A
RBI has revised reporting for bank reverse repo with non-banks: tenors up to 14 days need not be reported in Form A; ten
RBI Allows Card Tokenisation Directly via Issuing Banks
RBI now permits card issuers to tokenise cards directly, giving cardholders a single process to tokenise for multiple me
RBI Cracks Down on AIF Investments to Prevent Evergreening
RBI bans banks and NBFCs from investing in AIF schemes that have downstream investments in their debtor companies. Exist
Union Bank of India gets Lead Bank role for new Mauganj district
RBI has assigned Union Bank of India as the Lead Bank for the newly formed Mauganj district in Madhya Pradesh, effective
RBI raises e-mandate limit for recurring payments to ₹1 lakh
RBI has increased the per-transaction limit for e-mandates on recurring payments from ₹15,000 to ₹1,00,000 for mutual fu
SGB 2023-24 Series III & IV: Subscription Dates & Procedures
RBI announces SGB 2023-24 Series III (Dec 18-22, 2023) and Series IV (Feb 12-16, 2024) with issuance dates Dec 28, 2023
RBI allows extra current account for INR export settlements
RBI now permits AD Category-I banks to open an additional special current account for exporters to settle export transac
RBI Tightens Consumer Credit and NBFC Lending Norms
RBI increased risk weights on consumer credit (excluding housing, education, vehicle, gold loans for banks; also excludi
RBI's 2024 Master Direction on CP and NCD (up to 1 year)
RBI issued a consolidated Master Direction for Commercial Paper and Non-Convertible Debentures with original maturity up
UAPA: Two New Terrorist Designations Added – Immediate Compliance Required
RBI directs all regulated entities to immediately screen accounts against two newly designated terrorists under UAPA, 19
RBI Revamps Rules for Inoperative Accounts and Unclaimed Deposits
RBI has issued comprehensive guidelines effective April 1, 2024, for classifying and managing inoperative accounts (no c
RBI revises bulk deposit limits for urban co-operative banks
RBI has raised the bulk deposit threshold for scheduled Tier 3 and 4 Urban Co-operative Banks from ₹15 lakh to ₹1 crore.
NSFR: EXIM Bank, NaBFID Now National Development Banks
RBI has expanded the definition of National Development Banks (NDBs) for NSFR computation to include EXIM Bank and NaBFI
RBI Integrates Internal Ombudsman Rules for All Regulated Entities
RBI has consolidated and updated all Internal Ombudsman schemes into a single Master Direction for banks, NBFCs, credit
Penal Charges Rule: Deadline Extended to April 1, 2024
RBI has extended the deadline for implementing new penal charges rules on loan accounts by three months. Fresh loans fro
PIDF Scheme Extended Till Dec 2025 with New Devices & Higher Subsidy
RBI extends the Payments Infrastructure Development Fund (PIDF) scheme by two years to December 31, 2025, adds PM Vishwa
MSME Classification: Banks Must Follow Udyam Certificate
RBI mandates banks to use the Udyam Registration Certificate (URC) for MSME classification under PSL, deleting earlier s
MHP Exemption for Factoring Receivables Transfer
RBI exempts transfer of factoring receivables from Minimum Holding Period (MHP) if residual maturity ≤90 days and transf
RBI's New Benchmark Administrator Rules: 2023 Directions
RBI issued the Financial Benchmark Administrators Directions, 2023, replacing the 2019 version. It creates a risk-based
RBI finalises Government Securities Lending Directions, 2023
RBI has issued final directions for lending and borrowing of central government securities (excluding T-bills) in OTC ma
RBI eases gold import advance remittance for UAE CEPA TRQ holders via IIBX
RBI now permits AD Category-I banks to allow valid TRQ holders under India-UAE CEPA to remit advance payment for 11 days
RBI mandates tech-driven compliance monitoring by June 30
RBI requires banks and other regulated entities to automate compliance tracking with integrated, enterprise-wide systems
Lead Bank Assignment for New MP Districts
RBI assigns Central Bank of India as Lead Bank for Pandhurna and Indian Bank for Maihar, two new districts in Madhya Pra
Revised Second Schedule Inclusion Norms for UCBs
RBI has revised eligibility norms for UCBs to be included in the Second Schedule of the RBI Act, aligning with the 2022
RBI Updates Exposure Norms for Urban Co-operative Banks
RBI issued a master circular consolidating exposure norms and statutory restrictions for UCBs, effective January 16, 202
RBI Guidelines on Statutory Auditors for Co-op Banks
RBI has issued new guidelines for State and Central Co-operative Banks on appointing, reappointing, or removing statutor
NBFC Concentration Norms: Credit Risk Transfer Rules Updated
RBI has updated credit/investment concentration norms for NBFCs, allowing NBFC-ML to offset exposures using specific cre
UAPA Sanctions Update: 14 UNSC List Entries Amended
RBI mandates all regulated entities to update their screening systems with 14 amended entries on the UNSC ISIL & Al-Qaid
UAPA Section 51A: UNSC Sanctions List Updated – 7 Entries Amended
RBI mandates all regulated entities to immediately screen accounts against the updated UNSC 1267/1989 ISIL & Al-Qaida Sa
WMD Act Sanctions List Updated: UNSC 1718 DPRK Amendments
RBI mandates all regulated entities to update their compliance systems with the latest UNSC 1718 sanctions list amendmen
RBI revamps forex hedging rules for residents and non-residents
RBI has consolidated and updated its foreign exchange risk management framework, effective April 5, 2024. The new direct
RBI Clarifies PEP Definition in KYC Master Direction
RBI has relocated the PEP definition from sub-clause (xvii) of clause (a) of Section 3 to an explanation under Section 4
RBI Withdraws 34 Outdated Audit and Reporting Circulars
RBI has withdrawn 34 circulars on audit appointments, remuneration, half-yearly reviews, and DICGC claims certificates,
RBI Overhauls Bharat Bill Payment System (BBPS) Directions 2024
RBI issued revised BBPS Directions 2024 effective April 1, 2024, replacing the 2014 framework. Key changes streamline bi
RBI Revamps Trading Book Rules for Capital Adequacy
RBI aligns capital adequacy guidelines with the new Investment Master Direction, effective April 1, 2024. Trading book d
ARC Director/MD/CEO Appointment: New RBI Approval Form
RBI has mandated a standard application form and document checklist for ARCs seeking prior approval for appointing or re
RBI allows PPIs for public transit payments
RBI now permits authorised banks and non-banks to issue Prepaid Payment Instruments (PPIs) for payments across public tr
CCIL Added as Financial Info Provider Under AA Framework
RBI has included Clearing Corporation of India Limited as a Financial Information Provider under the Account Aggregator
Interest Equalisation Scheme Extended to June 2024 with New Pricing Cap
RBI extends Interest Equalisation Scheme on export credit to June 30, 2024. Banks charging average interest above Repo+4
RBI assigns SBI as Lead Bank for Assam's new Hojai district
RBI has designated State Bank of India as the Lead Bank for the newly formed Hojai district in Assam, effective from the
Rupee Co-operative Bank Removed from RBI Schedule II
RBI has advised that Rupee Co-operative Bank Limited has been excluded from the Second Schedule of the RBI Act, 1934, vi
RBI hikes NED remuneration cap to ₹30 lakh per annum
RBI has raised the maximum fixed remuneration for Non-Executive Directors (NEDs) of private sector banks, SFBs, payment
RBI Expands Bank Roles on India International Bullion Exchange (IIBX)
RBI now allows Indian bank branches/subsidiaries/JVs in GIFT-IFSC to act as Trading Members or Trading and Clearing Memb
UNSC Sanctions List Updated: 85 Entries Amended
RBI mandates all regulated entities to update their screening systems with 85 amended entries on the UNSC ISIL & Al-Qaid
Special Clearing for Govt Cheques on March 30-31, 2024
RBI mandates special CTS clearing for government cheques on March 30 (Saturday) and March 31 (Sunday), 2024, with presen
RBI Clarifies AIF Investment Rules for Banks and NBFCs
RBI has clarified that downstream investments exclude equity of debtor companies but include hybrids, provisioning is on
RBI reassigns lead bank roles in 6 districts from April 1
RBI has reassigned lead bank responsibility in six districts across Kerala, Madhya Pradesh, Maharashtra, and Tamil Nadu,
FY24 Year-End: Govt Account Closing Rules for Agency Banks
RBI mandates all government transactions for FY 2023-24 be booked by March 31, 2024. Agency banks must keep branches ope
Agency Banks Must Open on March 31, 2024 (Sunday)
RBI directs all agency banks to keep branches handling government receipts/payments open on March 31, 2024 (Sunday) to b
RBI cuts off extension for GST, ICEGATE, TIN 2.0 luggage file uploads
RBI has stated that no extension will be granted beyond 1800 hours for agency banks to upload GST, ICEGATE, and TIN 2.0
Central Govt Transactions: March 2024 Closing & Reporting
RBI sets April 10, 2024 as the residual transaction closure date for March 2024. Agency banks must segregate March resid
WMD Act Compliance: UNSC Sanctions List Updated (March 2024)
RBI mandates all regulated entities to update their sanctions screening with the latest UNSC 1718 list amendments for DP
UAPA Terrorist Listing Update: Mohammad Qasim Gujjar Added
RBI mandates immediate compliance with MHA's March 7, 2024 notification adding Mohammad Qasim Gujjar to UAPA Schedule IV
RBI Tightens Credit Card Rules: End-Use Monitoring & Closure Penalties
RBI has amended the 2022 Master Direction on credit/debit cards. Key changes: card issuers must now monitor end-use of b
RBI Mandates Multi-Network Choice for Credit Cards
RBI now requires card issuers to let eligible customers choose from multiple card networks at issuance and renewal, bann
MTSS Reporting Moves to CIMS Portal from Q1 2024
From March 2024 quarter, Indian Agents under MTSS must submit quarterly remittance statements on RBI's new CIMS portal (
Master Direction on Counterfeit Notes 2024: Detection & Reporting
RBI consolidated all counterfeit note guidelines into a single Master Direction effective April 1, 2024. Banks must impo
RBI Updates Basel III Capital Master Circular for SCBs
RBI issued a consolidated Master Circular on Basel III capital regulations for scheduled commercial banks (excluding SFB
Master Circular on Agency Commission for Government Business
RBI updated its Master Circular on agency commission for banks handling government business, effective April 1, 2024. It
Master Circular: Government Pension Disbursement by Agency Banks
RBI has updated its Master Circular on government pension disbursement by agency banks, consolidating instructions up to
Master Circular on SHG-Bank Linkage Programme
RBI consolidated all SHG-Bank Linkage guidelines into one master circular, effective April 1, 2024. Banks must meet enti
Penal Provisions for Currency Chest Reporting
RBI has consolidated penal provisions for currency chest reporting into a Master Direction. Banks must report all transa
RBI Master Circular on Guarantees, Co-Acceptances & LCs for UCBs
RBI issued a revised Master Circular consolidating all instructions on guarantees, co-acceptances, and letters of credit
RBI's Currency Distribution & Exchange Scheme (CDES) Incentives
RBI has issued a Master Direction formalizing incentives under the Currency Distribution & Exchange Scheme (CDES) for ba
RBI Penalty Scheme for Banks on Customer Service Deficiencies
RBI has issued a consolidated Master Direction on penalties for bank branches and currency chests for poor customer serv
Master Circular on Guarantees and Co-acceptances 2024
RBI consolidated all existing instructions on guarantees and co-acceptances up to March 31, 2024, without adding new rul
Master Circular on Lead Bank Scheme 2024
RBI consolidated all Lead Bank Scheme guidelines up to March 31, 2024 into a single Master Circular. It covers coordinat
Master Circular on Board of Directors for UCBs
RBI issued a consolidated Master Circular on Board of Directors for Urban Co-operative Banks, updating all prior instruc
WMD Act Section 12A: UNSC DPRK Sanctions List Updated
RBI mandates all regulated entities to update their compliance checks with the latest UNSC 1718 sanctions list amendment
DAY-NRLM Master Circular 2024: Key Updates for Banks
RBI issued a consolidated Master Circular for DAY-NRLM, replacing the 2023 version. It covers SHG account opening, KYC n
Master Circular on Credit Facilities for SCs/STs
RBI consolidated all prior guidelines on credit facilities for SCs/STs into one master circular. Banks must prioritize l
Harmonised Key Facts Statement for Loans
RBI mandates a standardised Key Facts Statement (KFS) for all retail and MSME term loans, including APR and amortisation
RBI Allows Gold Hedging via OTC Derivatives in IFSC
Resident entities can now hedge gold price risk using OTC derivatives in IFSC, in addition to exchange-traded derivative
Statutory Returns Move to CIMS Portal: Timeline & Action
RBI is shifting submission of statutory returns Form A, Form VIII, and Form IX from the XBRL portal to the new CIMS port
Sonali Bank Renamed to Sonali Bank PLC in RBI Schedule
RBI has updated the Second Schedule to the RBI Act, 1934, changing the name of 'Sonali Bank Limited' to 'Sonali Bank PLC
RBI Master Circular on IRAC Norms for UCBs (2024)
RBI issued a revised Master Circular for Primary Urban Co-operative Banks on income recognition, asset classification, a
RBI Updates IRAC Norms Master Circular for FY25
RBI issued a revised Master Circular on prudential norms for income recognition, asset classification, and provisioning
RBI Master Circular on Housing Finance: April 2024 Update
RBI issued a revised Master Circular on Housing Finance, consolidating all instructions issued up to March 31, 2024. No
RBI Master Circular on Housing Finance for Urban Co-operative Banks
RBI consolidated all housing finance instructions for UCBs up to March 31, 2024, into a single Master Circular. No new r
RBI Master Circular: Capital Adequacy Norms for Urban Co-op Banks
RBI consolidated capital adequacy rules for Primary Urban Co-operative Banks (UCBs), setting minimum net worth of ₹2 cro
RBI Updates Risk Management Master Direction for SPDs and Reporting
RBI has amended the Master Direction on Risk Management and Inter-Bank Dealings to include Standalone Primary Dealers (S
RBI Guidance Note on Operational Risk Management and Resilience
RBI issued a new guidance note updating the 2005 framework, requiring all commercial banks to strengthen operational ris
RBI Bans Unfair Interest Practices: Charge from Disbursement Date
RBI has directed all lenders to stop charging interest from loan sanction or agreement date; interest must be charged on
UAPA Sanctions List Updated: One Entry Amended
RBI has notified an amendment to the UNSC 1267/1989 ISIL & Al-Qaida sanctions list, updating one individual entry. All r
SFB to Universal Bank: New Transition Rules
RBI has clarified eligibility for Small Finance Banks to voluntarily convert into Universal Banks. Key criteria: schedul
FPI Debt Investment Limits for FY 2024-25 Unchanged
RBI has kept FPI investment limits in government securities, state government securities, and corporate bonds unchanged
AB Bank Limited renamed AB Bank PLC in RBI Schedule II
RBI has officially changed the name of 'AB Bank Limited' to 'AB Bank PLC' in the Second Schedule of the RBI Act, 1934, e
RBI Cracks Down on Unauthorised Forex Trading via Bank Accounts
RBI warns AD Cat-I banks about unauthorised entities using domestic accounts for forex trading. Banks must report suspic
RBI Updates Master Circular on Bank Finance to NBFCs
RBI issued a revised Master Circular consolidating all instructions on bank finance to NBFCs as of April 23, 2024. No ne
RBI's New Master Direction for Asset Reconstruction Companies (2024)
RBI issued a consolidated Master Direction for ARCs, effective April 24, 2024, covering registration, prudential norms,
RBI Expands Derivative Access for Small Finance Banks
RBI now allows Small Finance Banks to deal in permissible rupee interest rate derivative products for hedging, beyond ju
SBI gets lead bank role for Assam's new Tamulpur district
RBI assigns State Bank of India as the Lead Bank for Assam's newly formed Tamulpur district, effective from the governme
INR Trade Settlement: Current Account Expanded for Both Exports and Imports
RBI now allows AD Category-I banks to open an additional special current account for constituents to settle both export
RBI Notifies Exim Bank's USD 23.37 mn Line of Credit to Guyana for Aircraft
RBI has informed AD Category-I banks about Exim Bank's USD 23.37 million Line of Credit to Guyana for two Hindustan 228-
RBI expands overseas fund investment scope for Indian entities
RBI now allows Indian entities to invest in any instrument issued by overseas regulated funds, not just 'units'. Unliste
RBI revises bulk deposit threshold to ₹3 crore for SCBs, SFBs
RBI has raised the bulk deposit threshold from ₹2 crore to ₹3 crore for Scheduled Commercial Banks (excluding RRBs) and
RBI Tightens Money Changer Rules: 75% Sale Mandate & Audit Deadline
From July 1, 2024, FFMCs and non-bank AD Category-II must sell at least 75% of purchased foreign currency notes to the p
Fincare Small Finance Bank Removed from RBI Schedule II
RBI has excluded Fincare Small Finance Bank from the Second Schedule of the RBI Act, 1934, effective April 1, 2024, as i
RBI Withdraws 8 Outdated Circulars on Compliance and Audit
RBI has withdrawn eight circulars on compliance, internal audit, and risk-based audit, effective May 21, 2024. Banks can
RBI Regularises Partly Paid Units Issued by AIFs to Foreign Investors
RBI has regularised past issuances of partly paid units by Alternative Investment Funds (AIFs) to foreign investors, all
Lead Bank for Assam's New Biswanath District Assigned to Indian Bank
RBI has assigned Indian Bank as the Lead Bank for Assam's newly formed Biswanath district, effective from the state's Se
RBI Updates Margin Rules for Derivative Contracts
RBI has issued new Directions (2024) on margin for derivative contracts, replacing the 2021 circular. AD Cat-I banks and
RBI Finalises Margining Rules for Non-Centrally Cleared OTC Derivatives
RBI has issued final Master Direction on margining for non-centrally cleared OTC derivatives, effective November 8, 2024
RBI Updates IPC Rules for T+1 Settlement Cycle
RBI has revised Irrevocable Payment Commitment (IPC) guidelines for custodian banks to align with T+1 equity settlement.
RBI Tightens Domestic Money Transfer Rules for Cash Transactions
RBI has revised the Domestic Money Transfer framework effective Nov 1, 2024. Key changes: cash pay-outs now require bene
RBI's New Fraud Risk Management Directions for NBFCs
RBI issued Master Directions on Fraud Risk Management for NBFCs (including HFCs) in Upper, Middle, and Base Layers with
RBI's New Fraud Risk Management Directions for Cooperative Banks
RBI issued comprehensive fraud risk management directions for Urban, State, and Central Cooperative Banks, replacing the
RBI's 2024 Master Directions on Fraud Risk Management
RBI issued new Master Directions on Fraud Risk Management for commercial banks and AIFIs, replacing the 2016 guidelines.
RBI withdraws 17 outdated supervisory circulars
RBI has withdrawn 17 circulars on supervisory ratings, risk profiles, and inspections, effective July 12, 2024. Banks mu
Brickwork Ratings Reinstated for Capital Adequacy with Caps
RBI has partially lifted the ban on Brickwork Ratings India for risk-weighting bank claims. Banks can now use its rating
RBI expands LRS remittance scope to IFSCs
RBI now allows resident individuals to remit funds under LRS to IFSCs for all permissible purposes, including financial
Exim Bank USD 2.50 mn Line of Credit to Guyana for Solar Plant
RBI notifies AD Category-I banks about Exim Bank's USD 2.50 mn GOI-supported Line of Credit to Guyana for a solar PV pla
RBI removes limits on online Form A2 remittances
RBI has removed all amount caps on remittances via online Form A2 for AD Category-I and II entities, effective immediate
Form A2 mandatory for all cross-border remittances
RBI has withdrawn the USD 25,000 threshold exemption for Form A2. Now, authorised dealers must obtain Form A2 (physical
Nagar Urban Co-operative Bank Removed from RBI Schedule II
RBI has excluded Nagar Urban Co-operative Bank from the Second Schedule of the RBI Act, 1934, effective April 1, 2024. T
PSL District Weightage Updated for FY2024-27
RBI has revised district-level PSL weightage from FY2024-25: 125% weight for districts with per capita PSL below ₹9,000,
RBI Tweaks Risk Weights for HFC Home Loans and CRE
RBI has capped the risk-weighted assets computed for undisbursed housing/other loan amounts for HFCs at the RWA for an e
RBI Harmonises HFC and NBFC Deposit Rules
RBI aligns HFC deposit regulations with NBFC norms from Jan 1, 2025. Key change: deposit-taking HFCs must raise liquid a
Credit data reporting moves to fortnightly from Jan 2025
From January 1, 2025, credit institutions must report credit information to Credit Information Companies every fortnight
Modified Interest Subvention Scheme for KCC Loans 2024-25
RBI extends the Modified Interest Subvention Scheme for KCC loans to 2024-25. Farmers get loans at 7% with 1.5% subventi
RBI mandates uniform BDDR treatment for co-operative banks
From FY 2024-25, all IRACP provisions must be charged as P&L expenses, not via BDDR. A one-time transition allows BDDR b
RBI Master Directions on Cyber Resilience for Non-Bank PSOs
RBI issued final Master Directions on cyber resilience and digital payment security for non-bank PSOs, effective from Ju
RBI allows UCBs to shift Dividend Equalisation Fund to Tier-1 capital
RBI permits Primary (Urban) Co-operative Banks to transfer Dividend Equalisation Fund balances to general/free reserves,
FAR Exclusion for New 14-Year and 30-Year G-Secs
RBI has excluded new 14-year and 30-year government securities from the Fully Accessible Route for non-residents. Existi
RBI Replaces SAF with PCA Framework for Urban Co-op Banks
RBI has replaced the Supervisory Action Framework (SAF) with a Prompt Corrective Action (PCA) framework for Tier 2-4 Urb
Master Direction on Overseas Investment Updated
RBI consolidated and updated the Master Direction on Overseas Investment (FED MD No.15/2024-25) as of July 24, 2024, wit
UCBs Get Two-Year Extension for Small Value Loan Target
RBI has extended the deadline for UCBs to meet the 50% small value loan target to March 31, 2026, with an interim 40% ta
UCB Loan Cap on Shares/Debentures Now Tied to Tier I Capital
RBI has revised the 20% owned funds ceiling for UCB loans against shares/debentures to be based on Tier I capital as of
Interest Equalization Scheme Extended for MSME Exporters Till Sept 30
RBI extends the Interest Equalization Scheme for pre/post-shipment rupee export credit by one month to Sept 30, 2024, bu
RBI withdraws 5 outdated circulars on credit and accounts
RBI has withdrawn five obsolete circulars on minority community credit, student no-frills accounts, and micro credit, ef
SGrB Trading Scheme in IFSC Launched
RBI has introduced a scheme for trading and settlement of Sovereign Green Bonds (SGrBs) in the International Financial S
Interest Equalisation Scheme Extended to Aug 31, 2024 with Key Changes
RBI extends Interest Equalisation Scheme for rupee export credit to August 31, 2024, effective July 1, 2024. Only MSME m
UN Sanctions List Update: One Entry Removed from ISIL/Al-Qaida List
RBI directs all regulated entities to update their screening systems after the UNSC removed Yassine Chekkouri from the I
Credit Suisse AG ceases to be a banking company in India
RBI notifies that Credit Suisse AG is no longer a banking company under the Banking Regulation Act, 1949, effective June
UBS AG Added to RBI Second Schedule
RBI has included UBS AG in the Second Schedule of the RBI Act, 1934, effective June 4, 2024. This grants UBS AG the stat
Krung Thai Bank ceases to be a banking company in India
RBI notifies that Krung Thai Bank Public Company Limited has ceased to be a banking company under the Banking Regulation
Credit Suisse AG removed from RBI Second Schedule
RBI has excluded Credit Suisse AG from the Second Schedule of the RBI Act, 1934, effective June 4, 2024. This means it i
Krung Thai Bank removed from RBI Second Schedule
RBI has excluded Krung Thai Bank Public Company Limited from the Second Schedule of the RBI Act, 1934, effective July 3,
RBI brings FASTag and NCMC auto-replenishment under e-mandate rules
RBI now allows auto-replenishment of FASTag and NCMC balances under the e-mandate framework, exempting these top-ups fro
RBI Tightens P2P Lending Rules: No Credit Risk, No Guarantees
RBI has clarified that NBFC-P2P platforms must not assume any credit risk, directly or indirectly. Lenders bear all loss
RBI Updates Directions for Central Counterparties (CCPs)
RBI has issued updated Directions for Central Counterparties (CCPs), replacing the June 2019 framework. The new directio
UAPA Schedule I Updated: Hizb-Ut-Tahrir Listed as Terrorist Organisation
RBI directs all regulated entities to immediately update their screening databases to include 'Hizb-Ut-Tahrir (HuT)' and
RBI Broadens NDS-OM Access for G-Sec Market Participants
Superseded on 2025-02-07 by the Master Direction - Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2025 -
RBI mandates digital payment accessibility for disabled persons
RBI directs all payment system participants to review and modify their systems—like POS machines—for accessibility by Pe
ARCs must report to all credit bureaus from Jan 2025
RBI mandates all Asset Reconstruction Companies to become members of every Credit Information Company and submit borrowe
Credit Reporting After Licence Cancellation: RBI's New Mechanism
RBI mandates that banks and NBFCs whose licence is cancelled must continue reporting borrower credit data to CICs until
Interest Equalisation Scheme Extended Till Dec 31, 2024 with MSME Cap
RBI extends Interest Equalisation Scheme on rupee export credit for MSMEs by three months to Dec 31, 2024. New cap: aggr
RBI Cracks Down on Non-Resident Guarantees for Residents
RBI warns AD Category-I banks about unauthorized non-resident guarantees (including SBLCs/performance guarantees) favori
FEMA Compounding Rules 2024: New Guidelines for AD Banks
RBI has issued updated guidelines for compounding FEMA contraventions under the new Foreign Exchange (Compounding Procee
RBI flags gold loan irregularities: review and tighten controls
RBI's review of gold loans found serious lapses: third-party valuation without customers, weak LTV monitoring, incorrect
WMD Act Sanctions List Updated: DPRK Designations
RBI mandates all regulated entities to update their compliance systems with the latest UNSC 1718 sanctions list amendmen
RBI scraps monthly LRS return for AD banks
RBI has discontinued the monthly LRS return (R089) for AD Category-I banks effective September 2024. Banks must now only
UPI access for full-KYC PPIs via third-party apps
RBI now allows full-KYC PPI holders to use third-party UPI apps for payments, breaking the earlier restriction to only t
RBI raises collateral-free agri loan limit to ₹2 lakh
RBI has increased the limit for collateral-free agricultural loans from ₹1.6 lakh to ₹2 lakh per borrower, effective Jan
CRR Cut by 50 bps in Two Tranches to 4.0%
RBI reduces CRR by 50 bps to 4.0% of NDTL in two equal tranches of 25 bps each, effective from fortnights beginning Dece
RBI hikes FCNR(B) deposit rate ceilings by 150 bps
RBI raised FCNR(B) deposit rate ceilings from December 6, 2024: 1-3 year deposits now capped at overnight ARR plus 400 b
RBI enhances UPI Lite offline limits to ₹1,000 per transaction
RBI has raised UPI Lite offline transaction limit from ₹500 to ₹1,000 and the total instrument limit from ₹2,000 to ₹5,0
UAPA Section 51A: UNSC Sanctions List Updated – 3 Entries Amended
RBI mandates all regulated entities to immediately screen accounts against the updated UNSC 1267/1989 ISIL & Al-Qaida Sa
RBI cracks down on inoperative accounts: smoother activation, quarterly reporting
RBI has flagged high numbers of inoperative/frozen accounts in banks. It orders urgent steps to simplify activation, ena
FPI to FDI Reclassification: New RBI Framework
RBI has issued an operational framework for FPIs to reclassify holdings exceeding the 10% equity cap as FDI, with condit
RBI Expands FX Reporting to Trade Repository
RBI mandates reporting of FX spot, cash, and tom deals to CCIL's Trade Repository from Feb 10, 2025. Inter-bank deals ha
Sovereign Green Bonds Now Open to Non-Residents via FAR
RBI has added 10-year Sovereign Green Bonds issued in H2 FY25 to the Fully Accessible Route, allowing unrestricted non-r
RBI Amends KYC Master Direction: Key Changes Effective Immediately
RBI has amended the KYC Master Direction 2016 to align with recent PMLA rule changes, incorporate UAPA Section 51A proce
BIS Standards Mandatory for Note Sorting Machines from May 1, 2025
From May 1, 2025, banks must deploy only Note Sorting Machines (NSMs) that conform to BIS standard IS 18663:2024 and are
Repo Rate Cut by 25 bps to 6.25%
RBI cut the repo rate by 25 bps to 6.25% effective February 7, 2025. SDF and MSF rates adjusted to 6.00% and 6.50% respe
RBI Revises Penalty Framework for Payment Systems
RBI has updated the framework for imposing monetary penalties and compounding offences under the PSS Act, 2007, effectiv
HFCs must follow NBFC NCD private placement rules
RBI has aligned HFC private placement of NCDs (maturity >1 year) with NBFC Scale Based Regulation rules, repealing the e
RBI Revises ARC Settlement Guidelines for Borrower Dues
RBI has revised guidelines for ARCs on settling borrower dues, effective January 20, 2025. Key changes include mandatory
RBI mandates use of DoT's MNRL to curb voice/SMS fraud
RBI directs all regulated entities to use the DoT's Mobile Number Revocation List (MNRL) via the Digital Intelligence Pl
RBI mandates full nomination coverage for deposit accounts
RBI has directed all scheduled commercial banks, urban co-operative banks, and deposit-taking NBFCs to ensure nomination
e-Kuber Open on March 30, 2025 for Government Transactions
The Office of Controller General of Accounts advised that March 30, 2025 (Sunday) be marked as a working day for governm
SBI assigned lead bank for new Nagaland district Meluri
RBI has designated State Bank of India as the lead bank for the newly created Meluri district in Nagaland, effective fro
NaBFID gets AIFI status for credit derivatives and repo markets
RBI has formally allowed NaBFID to participate as an All-India Financial Institution in credit default swap and repo tra
RBI Tightens Norms for State Govt Debt Relief Schemes
RBI has issued new prudential guidelines for banks participating in state government debt relief schemes (DRS), requirin
RTGS/NEFT Beneficiary Name Look-Up Mandated by April 2025
RBI mandates banks to offer a beneficiary account name look-up facility for RTGS and NEFT via internet/mobile banking an
RBI mandates gold derivative reporting to CCIL from Feb 2025
From February 1, 2025, banks must report all OTC gold derivative transactions (domestic, IFSC, overseas) to CCIL's trade
UAPA Section 51A: UNSC Sanctions List Updated – 4 Entries Amended (as per provided source)
RBI mandates all regulated entities to immediately screen accounts against the updated UNSC 1267/1989 ISIL & Al-Qaida Sa
March 2025 Central Govt Transaction Closure: April 10 Deadline
RBI sets April 10, 2025 as the residual transaction closure date for March 2025. Agency banks must segregate March and A
UNSC Sanctions List Updated: One Entry Removed
RBI directs all regulated entities to update their records following the UNSC's removal of Lionel Dumont from the ISIL &
RBI Restores NBFC Risk Weights to Pre-November 2023 Levels
RBI reverses the 25 percentage point risk weight hike on SCB exposures to NBFCs, effective April 1, 2025. Risk weights w
RBI Eases Risk Weights on Microfinance Loans
RBI has reduced risk weights on microfinance loans classified as consumer credit from 125% to 100%, effective February 2
RBI Eases Prudential Norms for Urban Co-operative Banks
RBI has revised prudential norms for UCBs, raising small value loan ceiling to ₹3 crore, easing real estate exposure lim
RBI Finalises Bond Forward Directions for G-Secs
RBI has finalised the Reserve Bank of India (Forward Contracts in Government Securities) Directions, 2025, effective May
AIFI HTM Cap Relaxed for Long-Term Bonds of Non-Financial Entities
RBI has exempted AIFIs' investments in long-term bonds/debentures (3+ years residual maturity) of non-financial entities
RBI allows NDS-OM matching for PM-GAH and inter-GAH G-sec trades
RBI now permits Primary Members to match G-sec trades with their own Gilt Account Holders or between two GAHs on NDS-OM,
Agency Banks Must Open on March 31, 2025 for Govt Transactions
RBI mandates all agency bank branches handling government business to remain open on March 31, 2025 (Monday, a public ho
RBI cuts Bank Rate by 25 bps to 6.50%
RBI reduced the Bank Rate by 25 basis points to 6.50% effective February 7, 2025. This directly lowers penal interest ra
Repo Rate Cut to 6.25%: SLF for Primary Dealers Revised
RBI cut the repo rate by 25 bps to 6.25% effective immediately. The Standing Liquidity Facility for Primary Dealers is n
RBI Issues Updated General Notification for G-Sec Issuance
RBI has issued a new General Notification in March 2025 that replaces the 2018 notifications governing the sale of gover
RBI's New Capital Adequacy Master Direction for RRBs (2025)
RBI consolidated all existing capital adequacy norms for Regional Rural Banks into a single Master Direction effective A
RBI's 2025 Priority Sector Lending Master Directions
RBI issued consolidated PSL Directions effective April 1, 2025, superseding the 2020 version. All existing PSL loans rem
PSLC-SF/MF now counts for multiple PSL targets
RBI has expanded the counting of PSLC-SF/MF certificates: they now simultaneously count toward the SF/MF sub-target, Wea
RBI Revises PSL Target for Urban Co-operative Banks to 60%
RBI has revised the overall Priority Sector Lending target for Urban Co-operative Banks to 60% of ANBC or CEOBSE (whiche
Currency Chests Must Stay Open on March 31, 2025
RBI mandates all Currency Chests to remain open on March 31, 2025 (a public holiday) to support government transaction c
ROU Asset Treatment for Regulatory Capital
NBFCs, HFCs, and ARCs no longer need to deduct Right-of-Use (ROU) assets from Owned Fund or CET1 capital if the underlyi
RRBs Allowed 5-Year Amortisation for Retrospective Pension Liability
RBI allows RRBs to spread the additional pension liability from implementing the scheme retrospectively (Nov 1, 1993) ov
RBI Clarifies Financial Statement Disclosures for Banks
RBI has issued clarifications on financial statement disclosures for banks, effective FY2024-25. Key points: lien-marked
RBI allows INR/MVR settlement for India-Maldives trade
RBI now permits India-Maldives bilateral trade to be settled in Indian Rupees (INR) or Maldivian Rufiyaa (MVR), in addit
Year-End Closing: Govt Account Rules for FY 2024-25
RBI mandates all government transactions for FY 2024-25 be accounted for within the same financial year. Agency banks mu
Gold Monetization Scheme: MLTGD Discontinued from March 26, 2025
Government discontinues Medium and Long Term Government Deposit (MLTGD) component of Gold Monetization Scheme from March
RBI Updates Basel III Capital Master Circular for SCBs
RBI issued a consolidated Master Circular on Basel III capital regulations for Scheduled Commercial Banks (excluding SFB
Master Circular on Board of Directors for UCBs
RBI consolidated all guidelines on UCB board composition, requiring at least two professional directors with banking or
Master Circular on Agency Commission for Government Business
RBI has updated its Master Circular on agency commission for banks handling government business, consolidating instructi
Master Circular: Government Pension Disbursement by Agency Banks
RBI has updated its Master Circular on government pension disbursement by agency banks, consolidating instructions issue
Penalty Scheme for Banks on Customer Service Deficiencies
RBI has issued a consolidated Master Direction on penalties for bank branches and currency chests for poor customer serv
RBI Tightens Penal Rules for Currency Chest Reporting
RBI issued a Master Direction on penal provisions for currency chest reporting, issued April 1, 2025. Banks must report
Lead Bank Scheme Master Circular 2025: Key Updates
RBI consolidated all Lead Bank Scheme guidelines up to March 31, 2025 into one Master Circular. It covers forum structur
Master Circular on SC/ST Credit Facilities
RBI consolidated all existing guidelines on credit facilities for SC/ST borrowers into a single Master Circular. Banks m
RBI Master Circular on DAY-NRLM: Key Updates for Banks
RBI issued a consolidated Master Circular on DAY-NRLM, replacing the April 2024 version. It covers SHG accounts, KYC nor
Master Circular on SHG-Bank Linkage Programme (Issued April 1, 2025)
RBI consolidated all SHG-Bank linkage guidelines into a single master circular as of April 1, 2025. Banks must meet enti
Revised norms for government-guaranteed Security Receipts
RBI has issued differentiated prudential norms for Security Receipts (SRs) guaranteed by the Government of India. Banks
Special Clearing for Government Cheques on March 31, 2025
RBI mandates special CTS clearing for government cheques on March 31, 2025, from 5:00-5:30 PM (presentation) and 7:00-7:
FPI Debt Investment Limits for FY 2025-26 Announced
RBI has kept FPI investment limits unchanged at 6% for G-Secs, 2% for SGSs, and 15% for corporate bonds for FY 2025-26.
UCB Exposure Norms Master Circular Updated to March 2025
RBI has consolidated all exposure norms and statutory restrictions for Primary Urban Co-operative Banks into a single Ma
RBI Updates Master Circular on Advances for Urban Co-op Banks
RBI issued a revised Master Circular on Management of Advances for UCBs, consolidating all instructions issued up to Mar
Master Circular on Housing Finance for UCBs (2025)
RBI has updated its Master Circular on housing finance for Primary Urban Co-operative Banks (UCBs), consolidating all in
RBI Master Circular on Housing Finance – April 2025
RBI has issued a revised Master Circular on Housing Finance, consolidating all instructions issued up to March 31, 2025.
Master Circular on Bank Finance to NBFCs (2025)
RBI issued a consolidated Master Circular on bank finance to NBFCs, effective April 1, 2025. It updates previous instruc
RBI Updates IRAC Norms Master Circular for 2025-26
RBI issued a revised Master Circular on prudential norms for income recognition, asset classification, and provisioning
RBI Master Circular on IRAC Norms for UCBs (2025)
RBI issued a revised Master Circular for Primary (Urban) Co-operative Banks on income recognition, asset classification,
Master Circular on Guarantees and Co-acceptances 2025
RBI has issued a revised Master Circular on Guarantees and Co-acceptances, consolidating all instructions issued up to M
Master Circular: Guarantees, Co-acceptances & Letters of Credit for UCBs
RBI consolidated all existing instructions on guarantees, co-acceptances, and letters of credit for Primary Urban Co-ope
RBI FAQs on Investment Portfolio Directions 2023
RBI issued FAQs clarifying key aspects of the 2023 Investment Portfolio Directions, including HTM classification for bon
RBI Master Circular: Capital Adequacy Norms for Urban Co-op Banks
RBI consolidated capital adequacy rules for Urban Co-operative Banks (UCBs) as of April 1, 2025. Key updates: minimum ne
RBI Extends Note Sorting Machine Compliance Deadline to Nov 2025
RBI has extended the deadline for banks to comply with BIS standards for note sorting machines by six months, now due No
RBI eases export rules for Bharat Mart warehouse in UAE
RBI now allows exporters using Bharat Mart in UAE to repatriate sale proceeds within nine months of sale, not shipment.
FEMA Compounding Master Direction 2025: Key Updates for AD Banks
RBI issued a new Master Direction on compounding FEMA contraventions, superseding the 2022 version. It aligns with the 2
FEMA Compounding Rules Updated: No Link to Past Orders
RBI has deleted the rule linking compounding amounts to earlier orders for repeat FEMA contraventions. Applicants must n
RBI mandates .bank.in domain migration by Oct 31, 2025
RBI has directed all commercial and co-operative banks to migrate their existing internet domains to the exclusive '.ban
RBI Revises LCR Haircuts and Deposit Run-off Rates
RBI has revised LCR norms: retail deposits with internet/mobile banking get an additional 2.5% run-off factor; Level 1 H
RBI revamps minor deposit account rules: unified framework from July 2025
RBI has consolidated and rationalised all past circulars on minor deposit accounts into a single set of instructions. Ba
Rajasthan District Reorganisation: Lead Bank Roles Updated
RBI has revoked lead bank responsibilities for nine erstwhile districts in Rajasthan following their merger into 12 exis
Repo Rate Cut to 6.00%: SLF for Primary Dealers Revised
RBI cut the repo rate by 25 bps to 6.00%, effective immediately. The Standing Liquidity Facility for Primary Dealers is
Penal Interest on CRR/SLR Shortfall Revised After Bank Rate Cut
RBI cut the Bank Rate by 25 bps to 6.25% on April 9, 2025. Penal interest rates on CRR and SLR shortfalls linked to Bank
Repo Rate Cut by 25 bps to 6.00%
RBI cut the repo rate by 25 bps to 6.00% effective April 9, 2025. SDF and MSF rates adjusted to 5.75% and 6.25% respecti
RBI Withdraws 20 Cheque-Related Circulars
RBI has withdrawn 20 outdated circulars on cheques, including MICR technology, immediate credit limits, and outstation c
RBI Reduces LAF Rates by 50 Basis Points
RBI reduces LAF policy repo rate by 50 basis points to 5.50% with immediate effect.
Vishweshwar Sahakari Bank Added to RBI Second Schedule
RBI has added The Vishweshwar Sahakari Bank Ltd., Pune to the Second Schedule of the RBI Act, 1934, effective April 7, 2
RBI eases reporting for partly paid units of investment vehicles
RBI allows investment vehicles to report past partly paid unit issuances to residents outside India within 180 days via
Withdrawal of Master Circular on DAY-NULM
RBI withdraws Master Circular on Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) and related
North East SFB renamed to slice Small Finance Bank in RBI Schedule
RBI has officially changed the name of 'North East Small Finance Bank Limited' to 'slice Small Finance Bank Limited' in
RBI Notifies $700 Mn Exim Bank Line of Credit to Mongolia for Refinery
RBI has informed AD Category-I banks about Exim Bank's $700 million Government of India-supported Line of Credit to Mong
RBI Digital Lending Directions 2025: Key Rules for REs
RBI issued consolidated Digital Lending Directions 2025, effective immediately except for multi-lender LSP rules (Nov 1,
RBI removes short-term and concentration limits on FPI corporate debt investments
RBI has withdrawn short-term investment and concentration limits for FPIs investing in corporate debt under the General
RBI Mandates PRAVAAH Portal for All Regulatory Applications from May 1
From May 1, 2025, all regulated entities must submit applications for regulatory authorisations, licenses, and approvals
RBI mandates ₹100 and ₹200 notes in ATMs by 2026
RBI has directed all banks and WLAOs to ensure 75% of ATMs dispense ₹100 or ₹200 notes from at least one cassette by Sep
RBI's Currency Distribution & Exchange Scheme Incentives
RBI has issued a Master Direction on the Currency Distribution & Exchange Scheme (CDES), offering financial incentives t
FEMA Compounding: Max Penalty Capped at ₹2 Lakh for Minor Contraventions
RBI has capped the maximum compounding amount at ₹2,00,000 per regulation/rule for contraventions under row 5 of the FEM
Special CTS Clearing on Oct 3, 2025 for Continuous Settlement Transition
RBI mandates special clearing in Cheque Truncation System on October 3, 2025, with modified timings, to facilitate the t
RBI allows co-op banks to invest in NABARD's Shared Service Entity
RBI has permitted StCBs and CCBs to voluntarily invest up to 5% of their owned funds in the share capital of NABARD's ne
RBI's New Authentication Rules for Digital Payments
RBI has issued new directions for digital payment authentication, effective April 1, 2026. The rules mandate two-factor
SPDs Now Allowed in Non-Deliverable Rupee Derivatives
RBI now permits Standalone Primary Dealers (AD Cat-III) to transact in non-deliverable rupee derivative contracts (NDDCs
RBI Updates DEA Fund Scheme Operational Guidelines
Banks must register on e-Kuber, update authorized signatories, and transfer unclaimed amounts to DEA Fund in accordance
PSL Shortfall Contributions: New Exposure & Risk Weight Rules for UCBs
RBI has exempted PSL shortfall contributions to NABARD, NHB, SIDBI, and MUDRA from single/group exposure limits for UCBs
LEF Exemption Expanded for PSL Shortfall Contributions
RBI now exempts contributions to NHB, SIDBI, MUDRA, or any specified entity for PSL shortfall from Large Exposures Frame
Lending Against Gold and Silver Collateral Directions, 2025
RBI issues revised directions for lending against gold and silver collateral to harmonize regulations and strengthen con
CRR cut by 100 bps to 3% in four tranches from Sep 2025
RBI reduces CRR by 100 bps to 3% of NDTL in four equal tranches of 25 bps each, effective from fortnights beginning Sep
Penal Interest on CRR and SLR
RBI reduces Bank Rate by 50 basis points, affecting penal interest rates on CRR and SLR shortfalls.
NBFC-MFI Qualifying Assets Threshold Revised to 60%
RBI has revised the qualifying assets criterion for NBFC-MFIs: they must now hold at least 60% of net total assets (excl
Repo Rate Cut to 5.50%: SLF for Primary Dealers Revised
RBI cut the policy repo rate by 50 bps to 5.50% effective June 6, 2025. The Standing Liquidity Facility for Primary Deal
RBI Updates Account Details for FEMA Compounding Fees
The RBI has amended the Master Directions on compounding of FEMA contraventions to revise the bank account where the app
RBI's New Concentration Risk Management Directions for NBFCs (Updated as on April 01, 2026)
RBI issued consolidated concentration risk management directions for NBFCs, effective immediately. These set exposure li
RBI Allows Investment in Non-Convertible Debentures/Bonds for Special Rupee Vostro Accounts
RBI allows AD banks to permit investment of surplus balances in Special Rupee Vostro Accounts in non-convertible debentu
SRVA Holders Can Now Invest in Corporate Debt Securities
RBI now permits persons resident outside India to invest surplus balances in Special Rupee Vostro Accounts (SRVA) in non
RBI Eases Small Export/Import Entry Closure in EDPMS/IDPMS
RBI now allows AD banks to close EDPMS/IDPMS entries up to ₹10 lakh per bill based on a simple declaration from the expo
Merchanting Trade Transactions
RBI increases foreign exchange outlay time for merchanting trade to 6 months.
RBI Updates Basel III Capital Regulations for Perpetual Debt Instruments
RBI revises eligible limit for Perpetual Debt Instruments (PDI) denominated in foreign currency/rupee denominated bonds
SFBs: New AT1 PDI Limit for Foreign Currency/Rupee Bonds Overseas
RBI has revised the eligible limit for Perpetual Debt Instruments (PDIs) in foreign currency or rupee-denominated bonds
RBI revises AT1 PDI foreign currency limit to 1.5% of RWAs
RBI has increased the eligible limit for Perpetual Debt Instruments (PDIs) in foreign currency/rupee bonds overseas to 1
Gold & Silver Loan Rules: 1st Amendment 2025
RBI's 1st Amendment to Gold/Silver Collateral Directions clarifies that lenders cannot grant loans for buying gold or si
RBI eases spread reduction and fixed-rate switch rules for loans
RBI now allows banks to reduce spread components on loans before three years for customer retention, and makes fixed-rat
RBI Standardizes Claim Settlement for Deceased Customers
RBI has issued new directions to standardize and streamline the settlement of claims for deceased customers' deposits, l
RBI Issues Consolidated NBFC Miscellaneous Directions 2025
RBI has issued consolidated 'Miscellaneous Directions 2025' for NBFCs, effective on the day placed on the RBI website (N
RBI Directions for Asset Reconstruction Companies - Credit Information Reporting, 2025
RBI issues Directions, 2025 for asset reconstruction companies to become members of all CICs, report credit information
RBI Tightens Wilful Defaulter Rules for ARCs
RBI's new directions require ARCs to report wilful and large defaulters (₹1 crore+ threshold) to credit information comp
RBI KYC Directions for Asset Reconstruction Companies, 2025
RBI issued comprehensive KYC directions for ARCs effective November 28, 2025, aligning them with PMLA and FATF standards
RBI Directions for Credit Information Companies
RBI issues directions for Credit Information Companies (CICs) to strengthen customer service, data submission, and credi
UNSC Delists Two Individuals from ISIL/Al-Qaida Sanctions List
RBI directs all regulated entities to update their records as the UNSC has removed Ahmed al-Sharaa and Anas Hasan Khatta
RBI Trade Relief Measures 2025: Moratorium & Export Credit Relief
RBI has issued Trade Relief Measures Directions, 2025, allowing banks to grant a moratorium on term loan instalments and
RBI Updates Repo Directions to Include Municipal Debt Securities
RBI has updated repo directions to include municipal debt securities as eligible securities for repo transactions, effec
RBI Revamps Nomination Rules for Deposits and Lockers
RBI has issued new nomination directions effective November 1, 2025, aligning with the Banking Laws (Amendment) Act, 202
UAPA Sanctions List Updated: One Entry Amended
RBI mandates all regulated entities to screen accounts against the updated UNSC 1267/1989 ISIL & Al-Qaida sanctions list
UNSC Sanctions List Updated: One Entry Amended
RBI mandates all regulated entities to update their screening databases with the latest UNSC 1267/1989 sanctions list am
UAPA Sanctions List Updated: Two Terror Entries Amended
RBI mandates all regulated entities to update their screening databases with two amended UNSC sanctions list entries (QD
RBI Updates Prudential Norms
RBI amends capital adequacy norms for payments banks to align with international standards and provide clarity on counte
NBFC Regulations Update
RBI updates regulations for non-banking financial companies
Kapol Co-operative Bank Removed from RBI Schedule II
RBI has excluded Kapol Co-operative Bank Limited from the Second Schedule of the RBI Act, 1934, effective February 22, 2
RBI Allows Banks to Lend to REITs and InvITs
RBI has formally permitted banks to lend to SEBI-registered REITs and InvITs, with specific conditions including board-a
RBI Makes Bank-NBFC Priority Sector Lending Permanent
RBI has permanently allowed commercial banks to lend to NBFCs for priority sector on-lending, removing the March 2022 su
RRBs must factor calamity impact in credit assessments
RBI mandates RRBs to consider calamity effects on borrowers during credit evaluation. Effective July 1, 2026, this amend
RRB Calamity Banking Services: New RBI Amendment
RBI has amended RRB Responsible Business Conduct Directions to add a new chapter on banking services during calamities.
RBI Adds AgriSURE Fund to Small Finance Banks Undertaking
The RBI has amended the 2025 Small Finance Banks – Undertaking of Financial Services directions by inserting a new AgriS
Urban Cooperative Banks Stressed Assets Resolution Directions Amendment
RBI amends Directions for Urban Cooperative Banks' stressed asset resolution, aligning with Commercial Banks' asset clas
RBI's New Credit Risk Transfer Rules for Rural Co-op Banks
RBI issued comprehensive directions for Rural Cooperative Banks on transferring and distributing credit risk, effective
RBI's New Interest Rate Rules for Rural Co-operative Banks
RBI issued Directions effective November 28, 2025, governing interest rates on advances for Rural Co-operative Banks (St
RBI's New Investment Portfolio Rules for Rural Co-op Banks
RBI issued comprehensive directions on classification, valuation, and operation of investment portfolios for Rural Co-op
RBI Asset Liability Management
RBI issues new directions for rural co-operative banks on asset liability management, effective immediately.
RBI Directions for Rural Co-operative Banks - Income Recognition, Asset Classification, and Provisioning
RBI issues directions for rural co-operative banks to improve income recognition, asset classification, and provisioning
RBI Directions for Rural Co-operative Banks - Resolution of Stressed Assets
RBI issues directions for rural co-operative banks to resolve stressed assets in a timely manner, rationalize compromise
RBI's Wilful Defaulters Framework for Rural Co-operative Banks
RBI issued directions for Rural Co-operative Banks (RCBs) on treating wilful and large defaulters. RCBs must deny fresh
RBI's New Financial Reporting Rules for Rural Co-operative Banks
RBI issued Directions for Rural Co-operative Banks (RCBs) on financial statement presentation and disclosures, effective
RBI's New Dividend Norms for Rural Co-operative Banks
RBI issued final directions on dividend declaration for Rural Co-operative Banks (RCBs), effective November 28, 2025. Ke
RBI's New KYC Directions for Rural Co-operative Banks (2025)
RBI issued consolidated KYC directions for Rural Co-operative Banks (StCBs/CCBs) effective Nov 28, 2025, covering custom
RBI's New P2P Lending Rules: NBFC-P2P Directions 2025
RBI issued comprehensive NBFC-P2P Lending Platform Directions 2025, effective the day they are placed on the RBI website
RBI Issues Reserve Bank of India (Non-Banking Financial Companies – Microfinance Institution) Directions, 2025
RBI issues the Reserve Bank of India (Non-Banking Financial Companies – Microfinance Institution) Directions, 2025, cove
RBI Digital Banking Rules for Rural Co-op Banks: 2025 Directions
RBI issued final directions for Rural Co-operative Banks (StCBs/CCBs) to offer digital banking channels from Jan 1, 2026
RBI Directions for Rural Co-operative Banks Governance
RBI issues directions for rural co-operative banks to enhance governance and ensure high integrity among directors.
RBI's 2025 CRR/SLR Directions for Rural Co-operative Banks
RBI issued consolidated CRR and SLR directions for Rural Co-operative Banks (StCBs/DCCBs), effective immediately. It def
RBI Capital Adequacy Norms for Rural Co-op Banks 2025
RBI issued updated prudential norms on capital adequacy for Rural Co-operative Banks (RCBs), effective November 28, 2025
RBI's 2025 Deposit Rate Rules for Rural Co-operative Banks
RBI issued consolidated directions on interest rates for deposits at Rural Co-operative Banks (RCBs), effective November
RBI Directions for Rural Cooperative Banks Credit Facilities
RBI issues directions for rural cooperative banks to regulate credit facilities, ensuring orderly growth, financial stab
RBI's New ALM Directions for Urban Co-operative Banks
RBI issued comprehensive Asset Liability Management Directions for UCBs, effective November 28, 2025. These replace olde
RBI Directions on Managing Risks in Outsourcing for Urban Co-operative Banks
RBI issues directions to manage risks in outsourcing for Urban Co-operative Banks, with specific provisions for IT outso
RBI's New Debit Card Rules for Rural Co-operative Banks
RBI issued comprehensive directions for Rural Co-operative Banks on debit card issuance and conduct, effective immediate
RBI's New Credit Reporting Rules for Rural Co-operative Banks
RBI issued comprehensive directions for Rural Co-operative Banks (RCBs) on credit information reporting, effective immed
RBI Credit Risk Management Directions for Rural Co-op Banks 2025
RBI issued consolidated credit risk management directions for Rural Co-operative Banks (StCBs/CCBs), effective immediate
RBI's New Credit Reporting Rules for Urban Co-op Banks
RBI issued comprehensive directions for Urban Co-operative Banks on credit information reporting, covering data formats,
RBI's New Credit Risk Rules for Urban Co-operative Banks
RBI issued comprehensive credit risk management directions for Urban Co-operative Banks (UCBs), effective November 28, 2
RBI Directions for Urban Co-operative Banks: Concentration Risk Management
RBI issues directions to urban co-operative banks to manage concentration risk, setting exposure limits and norms for cr
UCB Credit Risk Transfer Directions 2025 (November 28, 2025)
RBI issued comprehensive directions for Urban Co-operative Banks on credit risk transfer and distribution, effective fro
RBI Directions for Regional Rural Banks' Financial Statements
RBI issues directions for Regional Rural Banks to present and disclose financial statements, aligning with Accounting St
UCB Lending Rate Directions 2025: Key Changes
RBI has issued new directions for Urban Co-operative Banks on interest rates for advances, effective immediately. Banks
UCB Investment Portfolio Directions 2025: Classification, Valuation & Operations
RBI issued consolidated directions for UCBs on classifying, valuing, and operating investment portfolios, effective Nove
RBI's New IRAC Norms for Urban Co-operative Banks: 2025 Directions
RBI issued consolidated IRAC norms for Urban Co-operative Banks effective November 28, 2025. These directions cover asse
RBI Directions for Urban Co-operative Banks - Resolution of Stressed Assets
RBI issues directions for urban co-operative banks to resolve stressed assets, rationalize compromise settlements, and p
UCB Wilful Defaulters Directions 2025: Key Rules
RBI issued new directions for Urban Co-operative Banks on classifying and handling wilful and large defaulters, effectiv
RBI Prudential Norms on Declaration of Dividends for Urban Co-operative Banks
RBI issues directions for Urban Co-operative Banks to declare dividends prudently, considering capital adequacy, NPA rat
RBI's New KYC Directions for Urban Co-operative Banks (2025)
RBI issued consolidated KYC directions for Urban Co-operative Banks, effective November 28, 2025, covering customer acce
RBI's New Digital Banking Rules for RRBs: 2025 Directions
RBI issued final directions for RRBs on digital banking channels, effective Jan 1, 2026. All RRBs with CBS and IPv6 can
RBI Updates CRR and SLR Directions for RRBs (2025)
RBI issued consolidated Directions for RRBs on CRR and SLR maintenance, effective immediately. Key updates include defin
RBI's New KYC Directions for Regional Rural Banks (2025)
RBI issued consolidated KYC Directions for Regional Rural Banks (RRBs) effective November 28, 2025, replacing earlier ci
RRB Responsible Business Conduct Directions 2025
RBI consolidated all customer service and conduct rules for Regional Rural Banks into one master direction effective Nov
RBI's New RRB Directions: Key Compliance and Governance Rules
RBI issued consolidated 'Miscellaneous' Directions for Regional Rural Banks (RRBs) and sponsor banks, effective immediat
RBI's New Digital Banking Rules for Urban Co-operative Banks
RBI issued final directions for UCBs on digital banking channels, effective January 1, 2026. All UCBs with CBS and IPv6
RBI's New Governance Directions for Urban Co-operative Banks (2025)
RBI has issued the Urban Co-operative Banks (Governance) Directions, 2025, effective immediately. Key changes include ma
RBI Directions for Urban Co-operative Banks - CRR and SLR
RBI issues updated directions for Urban Co-operative Banks on Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SL
RBI Updates Capital Adequacy Norms for Urban Co-operative Banks
RBI issued updated prudential norms on capital adequacy for Urban Co-operative Banks (UCBs), effective November 28, 2025
RBI's 2025 Deposit Rate Directions for Urban Co-operative Banks
RBI issued consolidated directions on interest rates for deposits at Urban Co-operative Banks, effective November 28, 20
RBI Directions for Urban Co-operative Banks - Credit Facilities
RBI issues comprehensive directions for urban co-operative banks on credit facilities, covering digital lending, gold an
UCB Credit & Debit Card Directions 2025
RBI has issued comprehensive directions for Urban Co-operative Banks on issuing and managing credit and debit cards, eff
RBI's New CRR and SLR Directions for Local Area Banks (2025)
RBI issued consolidated directions for Local Area Banks on CRR and SLR maintenance, effective immediately from the notif
RBI's New Capital Adequacy Norms for Local Area Banks
RBI issued fresh capital adequacy directions for Local Area Banks (LABs), effective immediately upon issuance on Novembe
RBI Directions on Interest Rates for Local Area Banks
RBI issues directions for Local Area Banks to follow while formulating interest rate policies on deposits, effective fro
RBI's New Credit Facility Directions for Local Area Banks (2025)
RBI issued consolidated credit facility directions for Local Area Banks (LABs), covering digital lending, gold loans, mi
RBI Directions for Local Area Banks - Debit Cards Issuance and Conduct
RBI issues directions for local area banks on debit card issuance, conduct, and co-branding arrangements.
RBI's New Credit Reporting Rules for Local Area Banks
RBI issued directions for Local Area Banks (LABs) on credit information reporting, mandating membership in all four CICs
RBI's New Credit Risk Management Rules for Local Area Banks
RBI issued consolidated credit risk management directions for Local Area Banks (LABs), effective immediately. The rules
LAB IRAC Norms 2025: New RBI Directions
RBI issued consolidated IRAC norms for Local Area Banks effective Nov 28, 2025. Key changes include updated NPA definiti
LAB Stressed Asset Resolution Directions 2025
RBI issued new directions for Local Area Banks on early stress recognition, time-bound resolution, compromise settlement
RBI's Wilful Defaulter Rules for Local Area Banks
RBI issued new directions for Local Area Banks on classifying and reporting wilful and large defaulters, effective immed
RBI's New Financial Reporting Rules for Local Area Banks
RBI issued Directions for Local Area Banks (LABs) on financial statement presentation and disclosures, effective Novembe
RBI Directs Local Area Banks on Dividend Declaration Norms
RBI sets new dividend declaration norms for Local Area Banks, focusing on capital adequacy, non-performing assets, and p
RBI Issues Asset Liability Management Directions for Payments Banks
RBI has issued comprehensive Asset Liability Management (ALM) Directions for Payments Banks, effective from the date of
RBI's New Financial Reporting Rules for Payments Banks
RBI issued Directions on financial statement presentation and disclosures for Payments Banks, effective immediately from
RBI Directions on Prudential Norms for Payments Banks' Dividend Declaration
RBI issues directions for Payments Banks to follow prudential norms while declaring dividends, ensuring minimum capital
RBI's New KYC Directions for Payments Banks (2025)
RBI issued consolidated KYC directions for Payments Banks effective November 28, 2025, covering customer acceptance, due
RBI Payments Banks Responsible Business Conduct Directions 2025
RBI consolidated all customer service and conduct rules for Payments Banks into one master direction effective November
RBI's New Outsourcing Risk Rules for Payments Banks
RBI issued comprehensive directions for Payments Banks to manage risks in outsourcing financial and IT services, effecti
RBI Payments Banks Miscellaneous Directions 2025
RBI issued consolidated directions for Payments Banks covering board oversight, deposits, compliance, and prohibitions.
RBI Directions on Local Area Banks - Acquisition and Holding of Shares
RBI issues directions to ensure diversified ownership and control of banking companies, with fit and proper criteria for
RBI issues voluntary amalgamation rules for Local Area Banks
RBI has issued the Reserve Bank of India (Local Area Banks – Voluntary Amalgamation) Directions, 2025, effective immedia
RBI Digital Banking Rules for Local Area Banks: 2025
RBI issued final directions for Local Area Banks on digital banking channel authorisation, effective January 1, 2026. Ba
RBI's New Governance Rules for Local Area Banks (2025)
RBI issued the Local Area Banks (Governance) Directions, 2025, effective immediately. These rules mandate stricter board
RBI's New ALM Directions for Small Finance Banks
RBI issued comprehensive Asset Liability Management (ALM) directions for Small Finance Banks, covering liquidity risk, L
Payments Banks Shareholding Rules 2025: Fit & Proper Norms
RBI issued new Directions for Payments Banks on acquiring and holding shares/voting rights, effective Nov 28, 2025. Thes
Payments Banks Branch Authorisation Directions 2025
RBI has issued consolidated branch authorisation directions for Payments Banks, effective immediately. The framework cov
Payments Banks Digital Channels Authorisation Directions 2025
RBI issued final directions for Payments Banks to offer digital banking channels (view-only and transactional) from Jan
RBI Payments Banks Financial Services Directions 2025
RBI issued consolidated directions for Payments Banks undertaking financial services, effective immediately. The rules c
RBI Issues New Governance Directions for Payments Banks
RBI has issued the Payments Banks Governance Directions 2025, effective immediately, covering board constitution, direct
RBI Temporarily Lifts Interest Rate Ceilings for Rural Co-op Banks
RBI has temporarily lifted interest rate ceilings for rural co-operative banks on fresh FCNR(B) deposits and NRE deposit
Payments Banks CRR/SLR Directions 2025: Key Updates
RBI issued consolidated directions for Payments Banks on CRR and SLR maintenance, effective November 28, 2025. These cov
RBI Directions on Capital Adequacy for Payments Banks
RBI issues directions on capital adequacy for payments banks, effective immediately upon issuance, to ensure stability a
RBI Issues New Interest Rate Directions for Payments Banks
RBI has issued the Payments Banks – Interest Rate on Deposits Directions, 2025, effective November 28, 2025. These direc
RBI Debit Card Directions
RBI issues directions for payments banks on debit card issuance and conduct, effective immediately.
RBI Directions on Investment Portfolio for Payments Banks
RBI issues directions for Payments Banks on classification, valuation, and operation of investment portfolio to ensure p
RBI's 2025 Lending Rate Directions: Key Changes for Banks
RBI issued consolidated directions on commercial bank lending rates, effective immediately. Key changes include a clear
RBI Directions on Investment Portfolio for Commercial Banks
RBI issues updated directions on investment portfolio classification, valuation, and operation for commercial banks, eff
RBI Directions on Asset Liability Management for Commercial Banks
RBI issues new directions on asset liability management for commercial banks (excluding Small Finance Banks, Payment Ban
RBI (Small Finance Banks – Income Recognition, Asset Classification and Provisioning) Directions, 2025
RBI issues new Directions for small finance banks on income recognition, asset classification, and provisioning to ensur
RBI Directions for Small Finance Banks - Resolution of Stressed Assets
RBI issues directions for small finance banks to resolve stressed assets in a time-bound manner, including early identif
SFB Wilful Defaulter Rules 2025: RBI's New Framework
RBI issued new directions for Small Finance Banks on classifying and reporting wilful defaulters and large defaulters, e
SFB Financial Statement Directions 2025: Key Updates
RBI issued new directions for Small Finance Banks on financial statement presentation and disclosures, effective Novembe
RBI Dividend Norms for Small Finance Banks 2025
RBI issued final directions for SFBs on dividend declaration, effective immediately. Key eligibility: minimum 9% CRAR fo
RBI Know Your Customer Directions for Small Finance Banks
RBI issues updated Know Your Customer (KYC) directions for Small Finance Banks to prevent money laundering and ensure fi
RBI's Responsible Business Conduct Directions for Small Finance Banks
RBI consolidated all customer service and conduct rules for Small Finance Banks into one master direction effective Nove
SFB Outsourcing Risk Directions 2025: Key Compliance Steps
RBI issued new outsourcing risk management directions for Small Finance Banks, effective immediately. Existing IT outsou
New RBI Directions on Climate Finance for Small Finance Banks
The RBI has issued fresh guidelines, effective immediately, that require all Small Finance Banks to adopt board‑approved
RBI Updates CRR and SLR Directions for Commercial Banks
RBI issued consolidated CRR and SLR Directions, 2025, effective immediately for commercial banks. Key changes include up
RBI Temporarily Withdraws Interest Rate Ceiling for SFBs
RBI temporarily withdraws interest rate ceiling for fresh FCNR(B) deposits and NRE deposits of 3 years and above tenors
KYC Compliance for Authorised Persons
RBI issues new guidelines for KYC compliance, effective immediately, for Authorised Persons regulated by the Department
RBI's 2025 Capital Adequacy Directions: Key Updates for Banks
RBI issued consolidated prudential norms on capital adequacy for commercial banks, effective November 28, 2025. The dire
RBI Deposit Interest Rate Directions 2025: Key Updates
RBI has issued consolidated Directions on interest rates for commercial bank deposits, effective from the date placed on
Reserve Bank of India (Commercial Banks – Credit Facilities) Directions, 2025 (Updated as on April 01, 2026)
RBI updates consolidated directions on credit facilities for commercial banks, covering digital lending, gold and silver
RBI's New Credit & Debit Card Conduct Directions 2025
RBI issued consolidated directions for commercial banks on credit/debit card issuance and conduct, effective immediately
RBI's New Credit Information Reporting Directions for Banks
RBI issued the Credit Information Reporting Directions, 2025, effective November 28, 2025, for commercial banks. It stan
RBI Credit Risk Management Directions 2025: Key Updates
RBI has consolidated and updated credit risk management rules for commercial banks, effective immediately upon issuance
RBI's New Concentration Risk Management Directions for Banks
RBI issued consolidated Directions on concentration risk management for commercial banks, effective November 28, 2025. T
RBI Directions on Credit Risk Transfer and Distribution
RBI issues comprehensive guidelines for credit risk transfer and distribution by commercial banks, with Part B (Co-Lendi
RBI's 2025 Securitisation Directions: Key Changes for Banks
RBI issued comprehensive securitisation directions effective November 28, 2025, covering eligibility, minimum retention,
RBI Updates BSBD Account Rules for Small Finance Banks
RBI has amended the Responsible Business Conduct Directions for Small Finance Banks, revising Basic Savings Bank Deposit
RBI Revamps BSBD Account Rules: Free Digital Transactions & More
RBI has amended the Responsible Business Conduct Directions to overhaul Basic Savings Bank Deposit (BSBD) accounts. From
Liberalised Remittance Scheme (LRS) Daily Return Submission
RBI mandates LRS daily return submission by Category-II banks/entities and FFMCs from January 1, 2026, via CIMS.
RBI Replaces 2016 KYC Master Direction for Payment Systems
RBI has repealed the 2016 KYC Master Direction for payment systems, replacing all references with the new 'RBI (Commerci
RBI Consolidates Regulations
RBI withdraws 9445 circulars, replacing them with 244 Master Directions for easier reference and compliance.
RBI's 2025 Universal Bank Licensing Guidelines: Key Takeaways
RBI released updated 'on tap' licensing guidelines for universal banks in the private sector, replacing the 2016 framewo
Setting Up Wholly Owned Subsidiaries by Foreign Banks
Foreign banks can operate in India through a wholly owned subsidiary (WOS) or branch mode, with single-mode presence cri
RBI Directions on Acquisition and Holding of Shares or Voting Rights
RBI issues directions to ensure diversified ownership and control of commercial banking companies, with fit and proper c
RBI's 2025 Branch Authorisation Directions: Key Changes for Banks
RBI has issued consolidated Branch Authorisation Directions 2025, replacing older circulars. The new rules cover banking
RBI Digital Banking Channels Authorisation Directions 2025
RBI issued final directions for commercial banks on digital banking channels, effective January 1, 2026. Banks must have
RBI Directions for Commercial Banks - Undertaking of Financial Services
RBI issues updated directions for commercial banks to regulate their financial services, including equipment leasing, fa
RBI's New Governance Directions for Commercial Banks 2025
RBI issued consolidated governance directions for commercial banks, covering board structure, key appointments, and fit-
SFB CRR/SLR Fortnight Definition Changed to Calendar Dates
From December 15, 2025, SFBs must align CRR/SLR maintenance and reporting with a new fortnight definition: 1st-15th and
UCB Credit Reporting: New Timelines & CKYC Mandate
RBI mandates UCBs to submit credit data to CICs on 9th, 16th, 23rd, and month-end, with full file by 5th of next month.
RRB Credit Reporting: New Timelines & CKYC Mandate
RBI mandates RRBs to submit credit data to CICs on 9th, 16th, 23rd, and month-end from July 1, 2026. Full files due by 5
LABs must report credit data weekly from July 2026
From July 1, 2026, Local Area Banks must submit credit information to CICs on four fixed reference dates per month, with
Amended Credit Info Reporting Rules for Small Finance Banks
From July 1 2026, Small Finance Banks must send credit data to CICs on the 9th, 16th, 23rd and month‑end, with a full fi
RBI Tightens Credit Data Reporting Timelines and CKYC Norms
RBI has amended credit information reporting directions, effective July 1, 2026. Banks must now submit full data by 5th
RBI Updates BSBD Account Rules for Rural Co-op Banks
RBI has amended the Responsible Business Conduct Directions for Rural Co-operative Banks, mandating Basic Savings Bank D
RBI Updates BSBD Account Rules for Urban Co-operative Banks
RBI has issued final BSBD account directions for UCBs, effective April 1, 2026. Key changes include free basic facilitie
RBI Updates BSBD Account Rules for RRBs: Key Changes
RBI has amended the Responsible Business Conduct Directions for RRBs, revising Basic Savings Bank Deposit (BSBD) account
RBI Amends BSBD Account Directions for Local Area Banks
RBI issues amendment directions for Local Area Banks (LABs) to enhance BSBD account facilities and improve customer serv
RBI Tightens CIC Data Submission Norms: Weekly Incremental Reporting from July 2026
From July 1, 2026, credit institutions must submit incremental account data to CICs within 4 days of weekly reference da
Payments Banks BSBD Account Rules Revised
RBI has finalized BSBD account rules for Payments Banks, effective April 1, 2026. Key changes: free basic facilities, no
CTS Phase 2 Postponed, Session Timings Revised
RBI has postponed Phase 2 of continuous clearing and settlement in Cheque Truncation System until further notice, and re
RBI Amends CRR and SLR for Local Area Banks
RBI amends CRR and SLR for Local Area Banks, revising fortnight definition and reporting requirements.
Rural Co-op Banks: CRR-SLR Fortnight Definition Changed
From Dec 15, 2025 (with some provisions effective Dec 12, 2025), the CRR/SLR fortnight for rural co-op banks shifts from
RRB CRR/SLR Fortnight Definition Aligned with Banking Laws Amendment
From Dec 15, 2025, RRBs must define 'fortnight' as 1st-15th or 16th-last day of month for CRR/SLR. Single Form A replace
Payments Banks CRR-SLR Amendment: New Fortnight Definition from Dec 15
From December 15, 2025, the fortnight for CRR/SLR maintenance shifts from Saturday-to-second-Friday to 1st-15th and 16th
RBI Tightens Current Account Rules for Payments Banks
RBI has amended Payments Banks Directions to restrict current accounts for customers with banking system exposure of ₹10
RBI Tightens Rules for Cash Credit, Current, and Overdraft Accounts at Rural Co-op Banks
RBI has amended its Credit Risk Management Directions for Rural Co-operative Banks, introducing a new framework for Cash
RBI Repeals Urban Co-operative Banks Guidelines
RBI has repealed the Urban Co-operative Banks Licensing, Scheduling and Regulatory Classification Guidelines, 2025 (issu
RBI Directives for Rural Co-operative Banks
RBI issues directives for rural co-operative banks to display their full name and for StCBs to adhere to certain norms f
RBI Tightens ARC Credit Reporting: New Timelines & CKYC Mandate
RBI amends ARC credit reporting directions, effective July 1, 2026. ARCs must submit full files by 5th of next month and
RBI Tightens NBFC Credit Reporting Timelines and CKYC Norms
RBI has amended NBFC credit information reporting directions, effective July 1, 2026. Key changes: weekly data submissio
RBI Tightens Credit Data Reporting for AIFIs: New Timelines & CKYC Mandate
RBI has amended credit information reporting directions for All India Financial Institutions (AIFIs), mandating weekly d
RBI Amends Bank Financial Disclosure Rules for CRM
RBI now requires banks to disclose in Schedule 1 any portion of Section 11(2) deposits earmarked as Credit Risk Mitigati
CKYCR KYC Upload Responsibility Clarified
RBI clarifies that the RE which last uploaded/updated a customer's KYC records in CKYCR is responsible for verifying ide
UCB KYC Amendment: CKYCR Uploader Bears Verification Responsibility
RBI clarifies that the Urban Co-operative Bank which last uploaded or updated a customer's KYC records to CKYCR is solel
SFB KYC Amendment: CKYCR Upload Responsibility Clarified
RBI clarifies that the SFB which last uploaded or updated a customer's KYC records to CKYCR is responsible for verifying
RCB KYC Amendment: CKYCR Uploader Bears Verification Responsibility
RBI clarifies that the rural co-operative bank which last uploaded or updated a customer's KYC records in CKYCR is respo
RBI Know Your Customer Amendment Directions 2025 for Regional Rural Banks
RBI amends KYC Directions for Regional Rural Banks to clarify responsibility of entities uploading customer records to a
Payments Banks KYC Amendment: CKYCR Responsibility Clarified
RBI clarifies that the payments bank which last uploaded or updated a customer's KYC records in CKYCR is responsible for
RBI Amends UCB Deposit Interest Rate Directions (June 17, 2026)
RBI has issued amendment directions for Urban Co-operative Banks on deposit interest rates, effective June 17, 2026. The
RBI Amends KYC Directions
RBI amends Know Your Customer directions for local area banks, clarifying responsibility for uploading and downloading c
ARC KYC Amendment: CKYCR Uploader Holds Verification Responsibility
RBI clarifies that the entity which last uploaded/updated a customer's KYC records to CKYCR is responsible for verifying
CKYCR KYC Upload Responsibility Clarified for AIFIs
RBI clarifies that the AIFI which last uploaded/updated KYC records to CKYCR is responsible for verifying customer ident
RBI Tightens Capital Market Exposure Norms for Banks (Amendment Directions, 2026)
RBI amends Concentration Risk Management Directions, 2026, aligning definitions with new Credit Facilities Directions an
RBI Tightens Related Party Lending Norms for Banks
RBI has amended credit risk management directions, introducing formal definitions for related parties, directors, and KM
PPI Returns Move to RBI's CIMS Portal from Jan 2026
RBI has mandated PPI issuers to submit monthly statistics and quarterly grievance returns on the new Centralised Informa
White Label ATM Operators: CIMS Reporting for WLA Statistics
White Label ATM Operators must submit WLA Statistics return in CIMS from December 2025 onwards, following RBI's new repo
MTSS Business Returns Now on CIMS Portal
RBI has moved MTSS Business (R103) monthly return filing to the new CIMS portal from December 2025. Admin users must cre
RBI mandates related party exposure disclosure in bank financials
From April 1, 2026, banks must disclose loans and contracts with related parties in a new table under Notes to Accounts.
RBI eases concentration norms for high-quality infra projects
RBI has amended concentration risk directions for NBFCs, allowing certain infrastructure loans to be classified as 'high
NBFC Capital Adequacy: New Risk Weights for High-Quality Infrastructure Loans
RBI has amended NBFC capital adequacy norms, introducing lower risk weights (75% and 50%) for loans to high-quality infr
RBI Amends Income Recognition Rules
RBI updates income recognition rules for rural co-operative banks, allowing accrual basis without matching provisions fo
RBI Updates Disclosure Rules
RBI amends financial statement disclosure rules for urban co-operative banks, effective April 1, 2026.
RRB Financial Disclosure Amendment: Related Party Exposures
RBI mandates RRBs to disclose related party loan exposures and contracts in financial statements from April 1, 2026, ali
LABs must disclose related party exposures from April 2026
RBI mandates Local Area Banks to disclose loans and contracts with related parties in financial statements from April 1,
SFB Financial Disclosure: Related Party Exposure Norms
RBI mandates Small Finance Banks to disclose related party exposures in financial statements from April 1, 2026. Banks m
Amendment Directions for Credit Risk Management
RBI issues amendment directions for credit risk management for All India Financial Institutions (AIFIs), focusing on rel
NBFC Credit Risk Management: Related Party Lending Rules Tightened (Amendment Directions, 2026)
RBI has amended NBFC Credit Risk Management Directions, 2025 via Amendment Directions, 2026, introducing stricter defini
RBI Amends Credit Risk Rules for Rural Co-op Banks
RBI has amended the Credit Risk Management Directions for Rural Co-operative Banks, introducing new definitions for rela
UCB Credit Risk Management: Related Party Definitions Expanded
RBI has amended the UCB Credit Risk Management Directions to insert detailed definitions for related party, control, pro
RRB Credit Risk: Related Party Lending Norms Tightened
RBI has amended RRB credit risk directions, inserting detailed definitions for related parties, directors, KMPs, and len
RBI Amends Local Area Banks Credit Risk Management Directions
RBI issues amendment directions to enhance credit risk management for local area banks, focusing on related party lendin
SFB Related Party Lending Rules Tightened
RBI has amended Small Finance Bank credit risk directions, introducing detailed definitions for related parties, lending
NBFC Capital Adequacy: Revised Treatment of Quarterly Profits
The RBI has amended the NBFC capital adequacy directions to clarify that free reserves now include quarterly profits, pr
Unique Transaction Identifier for OTC Derivative Transactions
RBI mandates Unique Transaction Identifier (UTI) for OTC derivative transactions under specified Governing Directions to
RBI Notifies Final ECB & INR Borrowing Rules
RBI has notified the final Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026, cons
Lead Bank Assignment for New Haryana District
RBI assigns Punjab National Bank as Lead Bank for Hansi district in Haryana.
SFB Capital Market Exposure Disclosure Norms Updated
RBI has amended SFB financial disclosure directions, replacing the old capital market exposure reporting (sub-paragraph
SFB Capital Adequacy: Irrevocable Payment Commitments
RBI now requires Small Finance Banks to hold capital at 125% risk weight on irrevocable payment commitments to stock exc
RBI Amends Directions for Small Finance Banks - Credit Facilities (Amendment Directions, 2026)
RBI issues Amendment Directions for Small Finance Banks to modify existing credit facilities, including definitions of c
RBI revamps capital market exposure disclosure norms for banks
RBI has replaced the old capital market exposure disclosure table with a more detailed format, effective from the date a
RBI Amends Credit Facility Definitions for Banks (Amendment Directions, 2026)
RBI has updated the Credit Facilities Directions, 2025, adding new definitions for Acquisition Finance, Bridge Finance,
Capital Adequacy: New Norms for Irrevocable Payment Commitments to Clearing Corporations
RBI now requires banks to hold capital at 125% risk weight on irrevocable payment commitments to stock exchange clearing
RBI Allows DLG in ECL Provisioning for NBFCs
RBI now permits NBFCs to factor Default Loss Guarantee (DLG) into Expected Credit Loss (ECL) provisions for digital lend
RBI Amends NBFC Credit Facilities Directions, 2026
RBI has amended the NBFC Credit Facilities Directions to align asset classification and provisioning requirements with t
RBI Repeals 2025 Dividend Norms for Small Finance Banks
RBI has repealed the 2025 dividend directions for Small Finance Banks, replacing them with new 2026 directions effective
RBI's 2026 Dividend Norms for Payments Banks
RBI has issued final directions for Payments Banks on declaring dividends, effective FY 2026-27. Key conditions: positiv
RBI Repeals 2025 Dividend Norms, Issues New 2026 Directions
RBI has repealed the 2025 dividend directions for commercial banks and replaced them with new 2026 directions, effective
RBI's 2026 Dividend Norms: Tougher Eligibility for Banks
RBI has tightened dividend payout rules for commercial banks from FY 2026-27. Banks must deduct 50% of Net NPA (as on Ma
RBI clarifies Tier 1 capital components for SPDs
RBI has amended the Standalone Primary Dealers Directions to clarify that Tier 1 capital includes paid-up capital, statu
ARC Owned Fund computation: quarterly profits inclusion clarified
RBI has amended the ARC Master Direction to clarify how quarterly profits are counted in Owned Fund. Profits must be lim
RBI clarifies Owned Fund and Tier 1 capital for MGCs
RBI has amended Mortgage Guarantee Company Directions to clarify Owned Fund components, including quarterly profits, and
RBI Clarifies Owned Fund Computation for CICs
RBI has amended the CIC Master Direction to clarify that quarterly profits can be included in Owned Fund, subject to lim
RBI clarifies Owned Fund computation for HFCs
RBI has amended the HFC Master Directions to clarify that Owned Fund includes quarterly profits (subject to limited revi
RBI Amends Concentration Risk Management Directions for NBFCs (Second Amendment, 2026)
RBI amends concentration risk management directions for NBFCs to review Tier 1 capital definition and introduce external
RBI Updates UNSC Sanctions List: Delisting of AL-NUSRAH FRONT FOR THE PEOPLE OF THE LEVANT
RBI informs banks about UNSC delisting of AL-NUSRAH FRONT FOR THE PEOPLE OF THE LEVANT from the ISIL (Da'esh) and Al-Qai
RBI revamps ECB reporting forms under FEMA
RBI has revised ECB reporting forms (ECB 1 and ECB 2) effective immediately, aligning them with the updated ECB Framewor
RBI Amends RRB Financial Statements
RBI amends financial statement presentation for Regional Rural Banks, effective April 1, 2026, to include DICGC insuranc
SFB DICGC Premium Disclosure Rules Updated
RBI has amended SFB financial disclosure rules to require annual reporting of DICGC insurance premium payment status, in
DICGC Premium Disclosure Mandate in Annual Reports
Banks must now disclose in annual reports whether DICGC deposit insurance premium was paid on time. If paid late, that m
AIFI Capital Adequacy: CCR Norms Aligned with Global Standards
RBI has amended AIFI capital adequacy directions to align counterparty credit risk (CCR) treatment with international st
SFB Capital Adequacy: Counterparty Credit Risk Norms Updated
RBI has revised add-on factors for counterparty credit risk (CCR) on market-related off-balance sheet items for Small Fi
RBI's New Dividend Norms for Small Finance Banks (2026)
RBI has issued final directions for SFBs on dividend declaration, effective FY 2026-27. Key changes: dividend eligibilit
RBI Prudential Norms on Regional Rural Banks' Dividend Declaration
RBI introduces new prudential norms for Regional Rural Banks' dividend declaration, effective FY 2026-27, with eligibili
RBI Clarifies Counterparty Credit Risk Norms for Banks
RBI amends capital adequacy directions to align CCR treatment with international standards. Key changes include revised
RBI Repeals LAB Dividend Norms, Issues Fresh Directions for FY26-27
RBI has repealed the 2025 dividend norms for Local Area Banks and issued fresh Directions effective FY 2026-27. All prio
RBI's New Dividend Norms for Local Area Banks (2026)
RBI has issued final directions on dividend declaration for Local Area Banks, effective FY 2026-27. Dividends are capped
Local Area Banks Must Disclose DICGC Premium Payments in Annual Report
From April 1 2026, every Local Area Bank must state in its annual report whether the deposit insurance premium to DICGC
RBI Replaces Payment Banks Dividend Norms with New Directions, 2026
RBI repeals 2025 dividend norms for payment banks, replacing them with new 2026 norms effective FY 2026-27.
NBFC Branch Authorisation Amendment 2026: Operational Flexibility
RBI has amended NBFC Branch Authorisation Directions 2025 to provide operational flexibility. Most NBFCs can now open br
Master Direction on Counterfeit Notes Detection and Reporting
RBI has consolidated all existing guidelines on counterfeit notes into a single Master Direction, effective April 1, 202
Master Direction on Incentives and Penalties for Currency Operations
RBI issues guidelines for incentives and penalties to enhance currency management efficiency and customer service.
New FEMA Guarantee Reporting Forms and Timelines
RBI has introduced three new forms (GRN Issue, Modification, Invocation) for reporting guarantees under FEMA 8 (R). Bank
UAPA Sanctions Update: New ISIL/Al-Qaida Listing
RBI mandates immediate freeze on accounts linked to newly listed Ugandan national Hamidah Nabagala under UNSC sanctions.
SBI gets lead bank role for Goa's new Kushavati district
RBI assigns State Bank of India as lead bank for Goa's newly formed Kushavati district, effective March 30, 2026. No cha
Reserve Bank of India (Trade Relief Measures) Directions, 2026
RBI issues directions to provide relief to exporters by extending credit tenor and allowing liquidation of packing credi
SFB Capital Adequacy: Irrevocable Payment Commitments Treated as CME
RBI now requires Small Finance Banks to treat irrevocable payment commitments to clearing corporations as capital market
RBI Updates Guidelines on Acquisition & Securities‑Backed Lending
The RBI has revised the commercial‑bank guidelines to allow acquisition and bridge financing for promoters of new firms,
RBI Tightens Capital Market Exposure Norms for Banks
RBI amended Concentration Risk Management Directions consequent to the issuance of revised Credit Facilities Directions.
RBI Revamps Credit Facility Rules: New Definitions & Margin Norms
RBI has issued revised Amendment Directions for commercial banks' credit facilities, introducing new definitions for Acq
Payments Banks: DICGC Premium Disclosure Rules Updated
RBI has amended payments banks' financial disclosure rules to require annual reporting of DICGC insurance premium paymen
RBI curbs related-party FX derivatives with INR
RBI has withdrawn its April 1, 2026 circular and now prohibits authorised dealers from entering into any INR foreign exc
UAPA Section 51A: UNSC Taliban Sanctions List Updated – 4 Entries Amended
RBI mandates immediate compliance with UNSC 1988 Taliban Sanctions List amendments. Four entries updated (TAi.002, TAi.0
RBI Updates Master Direction on NRI Debt Investments
RBI has consolidated and updated the Master Direction on non-resident investment in debt instruments, covering NRI inves
Lead Bank Assignment for New Districts in Andhra Pradesh
RBI assigns Union Bank of India as Lead Bank for the new districts Polavaram and Markapuram in Andhra Pradesh.
RBI Updates Concentration Risk
RBI amends concentration risk management directions for commercial banks, effective April 1, 2027.
NDS-OM Access Criteria Master Direction 2025
RBI has updated access criteria for NDS-OM, effective February 7, 2025. All eligible G-sec investors can now access via
Amendment of 3 Entries to UNSC's 1988 (2011) Taliban Sanctions List
RBI directs regulated entities to ensure no accounts are held in the names of 2 individuals and 1 entity newly amended o
RBI mandates faster cross-border inward payment crediting
RBI has directed banks to credit cross-border inward payments on the same business day during forex market hours, reconc
FPI Debt Investment Limits for FY 2026-27
RBI has kept FPI investment limits unchanged at 6% (G-Secs), 2% (SGSs), and 15% (corporate bonds) of outstanding stock f
FRSB 2020 (Taxable) Operational Guidelines Revised
RBI has revised operational guidelines for Floating Rate Savings Bonds, 2020 (Taxable), effective April 2, 2026. These s
Master Direction on Note and Coin Exchange Services
RBI has consolidated all guidelines on note and coin exchange into a single Master Direction. Banks must provide exchang
RBI's 7th Amendment to Bank Financial Statement Directions
RBI updated financial statement presentation rules for commercial banks, aligning with new asset classification directio
RBI Aligns Capital Adequacy Norms with New Asset Classification Rules
RBI has amended capital adequacy directions to align Stage 1/2/3 definitions with the new Asset Classification Direction
RBI Amends Directions for Regional Rural Banks
RBI issues Amendment Directions for Regional Rural Banks, adding AgriSURE to Annex I, effective immediately.
Wilful Defaulter Classification Timeline Tightened to 6 Months
RBI has amended wilful defaulter directions: banks must complete classification within six months of NPA classification,
RBI Amends Directions for Resolution of Stressed Assets
RBI has amended the Directions for Resolution of Stressed Assets to include new criteria for asset classification and pr
RBI Amends Directions for Non-Operative Financial Holding Companies (Reference Update)
RBI issues Amendment Directions for Non-Operative Financial Holding Companies, effective April 01, 2027, updating the re
RCBs can now offer AgriSURE fund services
RBI has amended the 2025 Directions for Rural Co-operative Banks, adding 'AgriSURE - Agri Fund for Start Ups & Rural Ent
NBFC Directions Amended: AgriSURE Fund Added to Annex I
RBI has added 'AgriSURE - Agri Fund for Start Ups & Rural Enterprises' to Annex I of the NBFC (Undertaking of Financial
Reserve Bank of India (All India Financial Institutions – Undertaking of Financial Services) –Amendment Directions, 2026
RBI has amended the 2025 Directions for All India Financial Institutions, adding a new entry to Annex I: 'AgriSURE - Agr
LABs can now invest in AgriSURE fund
RBI has added 'AgriSURE - Agri Fund for Start Ups & Rural Enterprises' to Annex XII of the Local Area Banks Directions,
RBI's Regulatory Sandbox Framework for FinTech Innovation
RBI's Regulatory Sandbox allows live testing of innovative financial products under relaxed regulations, fostering respo
RBI Consolidates E-Mandate Rules into Single Framework
RBI has issued the Digital Payments – E-mandate Framework, 2026, consolidating all prior e-mandate circulars into one di
RBI Tightens UCB Housing Loan Tenor, Deposit Lending Rules
RBI caps UCB housing loan tenor at 20 years (Tier 1 & 2), restricts moratorium to under-construction homes (max 24 month
Reporting of OTC Foreign Exchange Derivative Contracts
RBI mandates AD Cat-I banks to report OTC foreign exchange derivative contracts involving INR, undertaken globally by th
NDS-OM Access Forms Moved to PRAVAAH Portal
RBI has removed application forms from the NDS-OM Master Direction and made them available only on the PRAVAAH portal. T
RBI's New ECL-Based Asset Classification & Provisioning Directions 2026
RBI issued final Directions for a forward-looking Expected Credit Loss (ECL) provisioning framework, effective April 1,
New Credit Risk Capital Rules Under Standardised Approach
RBI issued final directions for credit risk capital under the Standardised Approach, effective April 1, 2027. Banks must
RBI Amends Credit Risk Management Directions
RBI issues second amendment directions for commercial banks' credit risk management, focusing on unhedged foreign curren
RBI Repeals Income Recognition Directions
RBI repeals 2025 income recognition, asset classification, and provisioning directions for commercial banks, replacing w
RBI Amends Credit Facility Directions for Banks
RBI has updated the Commercial Banks – Credit Facilities Directions, 2025 to align asset classification, provisioning, a
Amendment Directions for Urban Co-operative Banks
RBI issues Amendment Directions for Urban Co-operative Banks to add AgriSURE - Agri Fund for Start Ups & Rural Enterpris
RBI Amends Asset Liability Management Directions 2025
RBI has updated its 2025 Asset Liability Management Directions to mandate that banks classify loans in accordance with t
RBI Amends Investment Portfolio Rules for Commercial Banks
RBI has amended the Classification, Valuation, and Operation of Investment Portfolio Directions, 2025, inserting new def
RBI Amends Credit Card Reporting and Late Payment Charges
RBI amends credit card reporting and late payment charges rules, effective April 1, 2027. Banks must report 'past due' a
NBFC Stressed Asset Resolution: New IRAC Norms & Provisions
RBI amends NBFC IRAC norms to align with stressed asset resolution directions. Standard accounts under a valid resolutio
RBI Repeals Relief Measures Directions for Banks in Areas Affected by Natural Calamities
RBI repeals Directions 2018, replacing it with new Directions effective July 1, 2026, for banks in areas affected by nat
RBI Amends RRB Stressed Asset Resolution for Calamities
RBI has issued amendment directions for Regional Rural Banks (RRBs) on resolving stressed assets impacted by natural cal
UCB Stressed Asset Resolution: IRAC Norms Tweaked
RBI amended UCB IRAC norms to align with new stressed asset resolution directions. Key changes: standard accounts under
RBI Adds Calamity Impact Clause to Credit Assessments
RBI’s latest amendment requires commercial banks to incorporate the potential impact of calamities into their credit ass
RBI Amends Small Finance Bank Stressed Asset Resolution for Calamities
RBI has amended Small Finance Bank resolution norms for natural calamities, defining 'date of invocation' and 'natural c
Amendment to Local Area Banks Resolution Guidelines – Calamity Focus
RBI has updated the Local Area Banks resolution directions to explicitly cover natural calamities and related events. Ne
RBI Eases Responsible Business Conduct Rules for Commercial Banks During Calamities
RBI has amended Responsible Business Conduct Directions to allow banks to operate calamity-hit branches from temporary p
IRAC Norms Tweaked for Stressed Asset Resolution Plans
RBI has amended IRAC norms to align with new stressed asset resolution rules. Standard accounts under a resolution plan
RBI Amends NBFC Registration, Exemptions, and Scale-Based Regulation
RBI issues Amendment Directions for NBFCs, introducing new definitions and exemptions for NBFCs not availing public fund
UAPA Section 51A: UNSC Taliban Sanctions List Updated – 17 Entries Amended
RBI mandates all regulated entities to screen accounts against the updated UNSC 1988 Taliban Sanctions List (17 amended
RBI Amends Directions for Urban Co-operative Banks
RBI issues second amendment directions for urban co-operative banks to enhance financial statement disclosures.
RBI Eases Outward Remittance Rules for Non-Bank Entities
RBI has removed the need for non-bank entities to seek specific approval for tie-ups with AD Category-I banks for outwar
RBI Amends Prudential Norms for Payments Banks
RBI amends capital adequacy norms for Payments Banks, allowing quarterly profit inclusion in CET1 capital.
RBI Directions on Agency Banks' Conduct of Government Business
RBI issues directions for Agency Banks to conduct government business, including payment of agency commission and oversi
RBI adds calamity impact clause to AIFI credit risk guidelines
The RBI has issued a second amendment to the credit risk management directions for All India Financial Institutions, ins
Payments Banks IFR Norms Eased: New 2% Floor on AFS & FVTPL
RBI has relaxed Investment Fluctuation Reserve (IFR) rules for payments banks. The IFR must now be at least 2% of the AF
RBI Overhauls Authorised Person Rules for Forex Services
RBI has issued new Foreign Exchange Management (Authorised Persons) Regulations, 2026, replacing the old framework to ra
RBI's 2026 Pension Disbursement Directions for Agency Banks
RBI issued consolidated directions for Agency Banks disbursing government pensions, effective immediately. Key mandates
RBI Allows AIFIs to Waive Fees in Calamity Areas
RBI now permits All India Financial Institutions to waive or reduce fees and charges for customers in officially declare
RBI Tightens Provisioning Norms for AIFIs: New Rules on Resolution Plans
RBI mandates 5% additional specific provisioning on outstanding debt for All India Financial Institutions (AIFIs) under
RBI Amends Stressed Asset Resolution for Calamity-Hit Borrowers
RBI has issued amendment directions for All India Financial Institutions (AIFIs) to harmonize resolution norms for expos
RBI Repeals 2018 Natural Calamity Relief Directions for RRBs
RBI has repealed the 2018 Master Direction on relief measures for RRBs in natural calamity areas, effective July 1, 2026
RRB NPA Classification & Provisioning Norms Updated
RBI amends RRB income recognition and provisioning rules, aligning them with new stressed asset resolution directions. K
RBI Updates UNSC Sanctions List: Removal of 7 Entities
RBI updates UNSC's 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List, removing 5 individuals and 2 entities. Banks must
LAB Financial Statement Disclosures: Third Amendment 2026
RBI has amended LAB financial statement directions to clarify 'Revenue Reserve' definition and require a new disclosure
Commercial Banks – Financial Statements: Sixth Amendment Directions 2026
RBI issues Sixth Amendment Directions 2026 for commercial banks, revising the definition of revenue reserve and adding a
Capital Adequacy Norms: Sub-paragraph 21(i)(b) Deleted
RBI has deleted sub-paragraph 21(i)(b) from the Prudential Norms on Capital Adequacy Directions, 2025, effective May 18,
USD‑INR Forex Swap Facility for PSU ECBs & Bank OFCBs
The RBI now offers a USD‑INR swap line for public‑sector borrowers of external commercial loans (average maturity of thr
RBI Amends UCB Governance Directions
RBI issues amendment directions to strengthen governance of urban co-operative banks, introducing a 3-year cooling-off p
RBI Amends Regional Rural Banks' Investment Portfolio Rules
RBI relaxes rules for Regional Rural Banks to maintain Investment Fluctuation Reserve, allowing them to use realised gai
RCB IFR Requirement Eased to 5% of Current Category Investments
RBI has amended IFR norms for Rural Co-operative Banks, reducing the minimum requirement to 5% of the Current Category i
UCB Investment Fluctuation Reserve Norms Eased
RBI has relaxed IFR maintenance for Urban Co-operative Banks: minimum IFR is now 5% of the investment portfolio, compute
RBI Amends Small Finance Banks Investment Fluctuation Reserve Rules (2026)
RBI amends rules for Small Finance Banks' Investment Fluctuation Reserve (IFR) to ease operational constraints, requirin
RBI discontinues Investment Fluctuation Reserve for banks
RBI has scrapped the Investment Fluctuation Reserve (IFR) requirement for commercial banks effective May 18, 2026. Exist
RBI Exempts SFBs from CRR, SLR for FCNR(B) Deposits
RBI exempts Small Finance Banks from maintaining CRR and SLR for fresh FCNR(B) deposits of minimum tenor of three years
NOP-INR Exclusion for FCNR(B) and ECB Swaps
AD Cat-I banks can now exclude swap positions from FCNR(B) deposits, ECBs, and overseas foreign currency borrowings when
RBI's FCNR(B) Swap Facility: 3-5 Year Tenor, USD Only
RBI introduces a USD-INR forex swap for fresh FCNR(B) deposits of 3-5 year tenor, available to AD Category-I banks. Swap
CIMS Portal Mandated for Two FEMA Returns from June 2026
From June 30, 2026, AD Category-I banks must submit the consolidated BO/LO/PO statement (return code R343) and the NRO a
FPI Investment in Govt Securities: Limits Removed, FAR Expanded
RBI has scrapped short-term, security-wise, and concentration limits for FPI investments in government securities under
Bajali District Assam Lead Bank Assigned to Canara Bank
RBI has designated Canara Bank as the Lead Bank for Assam's new Bajali district, effective immediately. Other districts'
RBI tightens director tenure rules for rural co-op banks
RBI has amended governance directions for StCBs and CCBs, mandating a three-year cooling-off period for directors after
RBI allows AIFIs to lend to listed InvITs with conditions
RBI now permits All India Financial Institutions (AIFIs) to lend to SEBI-registered, listed InvITs, subject to board-app
Liberalisation of Foreign Portfolio Investment
RBI liberalises foreign portfolio investment rules, allowing all individual persons resident outside India to invest in
SFB Lending to InvITs: New RBI Norms
RBI has formalised rules for Small Finance Banks lending to InvITs. Banks need board-approved policies, can only lend to
RBI Revises Risk Weights for REIT Exposures
RBI has classified bank exposures to REITs as Commercial Real Estate with a 100% risk weight, or 125% if they qualify as
RBI Concentration Risk Management Directions 2026
RBI introduces new exposure limits for real estate sector, banks must set internal limits and sub-limits for various sub
RBI Exempts Fresh FCNR(B) Deposits of 3-5 Years Tenor from CRR and SLR for Regional Rural Banks
RBI exempts fresh FCNR(B) deposits of 3-5 years tenor (including renewals) from CRR and SLR for Regional Rural Banks, fo
RBI exempts new 3‑5 yr FCNR(B) deposits from CRR/SLR for rural co‑ops
Effective June 8 2026, fresh FCNR(B) deposits of minimum three years and maximum five years mobilized (including renewal
FCNR(B) CRR/SLR Exemption for UCBs Extended
RBI exempts fresh FCNR(B) deposits (3-5 year tenor) mobilised by Urban Co-operative Banks from June 8 to Sept 30, 2026,
RBI Withdraws 44 Old Circulars on Interest Rates, Export Credit, and Other Topics
RBI has withdrawn 44 outdated circulars on interest rates for agriculture, deposits, advances, export credit, as well as
RBI Issues 2026 Second Amendment on Responsible Business Conduct for Small Finance Banks
The RBI has added new definitions and tightened rules on advertising, marketing and sales for Small Finance Banks, banni
RBI Bans Dark Patterns, Compulsory Bundling for Banks from Jan 2027
RBI has banned dark patterns and compulsory bundling of financial products for commercial banks (excluding SFBs, PBs, RR
KCC Eligibility Relaxed for Fisheries & Aquaculture
RBI has relaxed Kisan Credit Card eligibility for inland fisheries/aquaculture: farmers now only need to own/lease relev
CRR/SLR Exemption for 3-5 Year FCNR(B) Deposits
RBI exempts fresh FCNR(B) deposits of 3-5 year tenor from CRR and SLR if mobilised between June 8 and September 30, 2026
LABs: New Definitions in 2026 Amendment to Responsible Business Conduct
From Jan 1 2027, LABs must adhere to updated RBI directions that introduce key terms—compulsory bundling, dark patterns,
₹2000 Note Withdrawal: Consolidated Instructions
RBI has consolidated all past circulars on the withdrawal of ₹2000 banknotes. The notes remain legal tender. Exchange/de
UCBs: New Rules on Bundling, Dark Patterns & Mis-selling
RBI bans compulsory bundling and dark patterns for UCBs from Jan 1, 2027. New definitions for mis-selling, explicit cons
RRB Responsible Business Conduct: Second Amendment 2026
RBI bans compulsory bundling and dark patterns for RRBs from Jan 1, 2027. New rules define mis-selling, explicit consent
RBI Tightens Rules on Payments Bank Sales and Marketing
RBI has issued comprehensive directions on advertising, marketing, and sale of financial products for Payments Banks, ef
Currency Chest Operations
Currency chest holding banks must operate on March 31, 2024, to account for government transactions.
RBI Updates Rules
RBI issues new directions for All India Financial Institutions on responsible business conduct, covering advertising and
RBI Updates Rules
RBI issues new directions for rural co-operative banks on responsible business conduct, effective January 1, 2027.
RBI Master Directions
RBI issues Master Directions on authorization to operate a payment system, consolidating existing guidelines and instruc
RBI Amends HFC Directions
RBI updates advertising and sales rules for housing finance companies, effective January 1, 2027.
RBI Updates NBFC Rules
RBI issues new directions for NBFCs on responsible business conduct, covering advertising and customer interactions.
RBI Amends Capital Adequacy Norms
RBI amends capital adequacy norms for small finance banks, introducing zero risk weight for ECLGS 5.0 exposures.
RBI Amends Capital Adequacy Norms
RBI updates capital adequacy norms for regional rural banks, affecting risk weights for ECLGS 5.0 exposures.
RBI Amends Capital Adequacy Norms
RBI updates capital adequacy norms for urban co-operative banks, affecting risk weights for ECLGS 5.0 exposures.
NBFC Capital Adequacy Update
RBI has revised NBFC capital adequacy rules, allowing a zero risk weight for up to 75 % of the guaranteed portion of exp
RBI Amends Capital Adequacy Norms
RBI amends capital adequacy norms for All India Financial Institutions, introducing zero risk weight for 75% of guarante
RBI Amends Capital Adequacy Norms
RBI updates capital adequacy norms for commercial banks, introducing zero risk weight for 75% of ECLGS 5.0 guaranteed ex
RBI Payment System Rules
RBI issues master directions for payment system authorisation, outlining eligibility and requirements for operators.
RBI Amends NBFC Directions
RBI amends NBFC directions to revise agency business regulations and customer service aspects.
RBI Amends Rural Co-op Banks
RBI amends rural co-operative banks' financial services directions, effective January 1, 2027, impacting agency business
RBI Amends Urban Co-op Banks' Financial Services
RBI updates rules for urban co-operative banks' financial services, effective January 1, 2027.
Special Rupee Vostro Accounts (SRVAs) Consolidated
RBI has consolidated all prior SRVA circulars into one master circular effective immediately. AD banks can open SRVAs fo
Rural Co-op Banks: New Income Recognition Rules for Acquired Assets
From Oct 1, 2026, rural co-op banks cannot book accrued but unrealised interest/charges on extinguished exposures as inc
NBFC Income Recognition on Acquired Assets: New RBI Rules
RBI now bars NBFCs from booking accrued interest on extinguished loans after acquiring specified non-financial assets (S
SFB Income Recognition on SNFA Acquisition – Second Amendment 2026
From Oct 1, 2026, SFBs cannot recognise accrued but unrealised interest/charges on extinguished exposures when acquiring
UCB Income Recognition on SNFA: New RBI Rules from Oct 2026
From Oct 1, 2026, UCBs cannot book accrued but unrealised interest/charges on extinguished exposures when acquiring Spec
LABs: Income Recognition on SNFA Acquisition
From Oct 1, 2026, Local Area Banks cannot book accrued but unrealised interest on extinguished exposures when acquiring
LAB Stressed Assets: New Norms for Non-Financial Assets
RBI has issued prudential norms for specified non-financial assets (SNFAs) acquired by Local Area Banks. These assets mu
RBI clarifies prudential norms for RRBs on non-financial assets
RBI has issued new rules for Regional Rural Banks on acquiring and disposing of immovable assets like land or buildings
RRB Income Recognition on Specified Non-Financial Assets
From Oct 1, 2026, RRBs cannot recognise accrued but unrealised interest/charges on SNFA as income upon acquisition. Any
RBI tightens income recognition rules for SNFA acquisitions by AIFIs
From Oct 1, 2026, AIFIs cannot book past unpaid interest/charges on extinguished exposures as income when acquiring a Sp
MHA designates 23 individuals as terrorists under UAPA
MHA has added 23 individuals to the Fourth Schedule of UAPA, 1967. Banks and NBFCs must report any matching accounts to
RBI Fifth Amendment to Credit Facility Directions, 2026
RBI issued the Fifth Amendment to Commercial Banks – Credit Facilities Directions, 2026. The document title confirms an
LAB Governance Amendment: Board Agenda Rationalised
RBI has rationalised what Local Area Banks must place before their Boards, deleting old review calendars and letting Boa
RBI Streamlines Board Agenda for Payments Banks
RBI rationalizes board meeting requirements for payments banks, effective Oct 1, 2026. Boards can delegate review of pol
RBI Directives for Rural Co-operative Banks on Electronic Banking Transactions
RBI issues revised instructions for rural co-operative banks to limit customer liability in unauthorized electronic bank
RBI Directs SFBs on Electronic Banking Transaction Liability
RBI issues revised instructions on limiting customer liability in unauthorized electronic banking transactions for Small
RBI Amends Directions on Credit Risk Transfer
RBI issues Amendment Directions to modify rules on credit risk transfer for commercial banks, effective April 1, 2027.
RBI Directions on Credit Risk Management for Regional Rural Banks
RBI issues directions to strengthen credit risk management practices for Regional Rural Banks, emphasizing effective ris
RBI Directions for Small Finance Banks on Interest Rates
RBI issues directions for small finance banks to follow while formulating interest rate policies on deposits, effective
RBI Directions for Small Finance Banks - CRR and SLR
RBI issues directions for small finance banks on cash reserve ratio and statutory liquidity ratio, effective immediately
Update UNSCR 1988 Sanctions List
Banks must update the UNSCR 1988 Sanctions List and verify customer names against it before opening new accounts or scan
Liberalisation of Export Proceeds Realisation Period
RBI reduces export proceeds realisation period to 9 months from 12 months for exports up to September 30, 2013.
RBI Amends Directions on Agency Business and Referral Services
RBI amends directions on agency business and referral services for commercial banks, effective January 1, 2027.
RBI Directions on NBFC Acquisition of Shareholding or Control
RBI issues directions for NBFCs to obtain prior approval for acquisition of shareholding or control, with certain exempt
RBI Directions on Climate Finance for NBFCs
RBI issues directions for NBFCs to manage climate change risks and promote green finance, including guidelines for green
RBI Directions for Small Finance Banks - Interest Rates on Advances
RBI issues directions for small finance banks to set interest rates on advances, including microfinance loans, with a co
RBI Directions for Small Finance Banks - Undertaking of Financial Services
RBI issues directions for small finance banks to regulate their financial services, including agency business, factoring
RBI Issues Amendment Directions for Non-Operative Financial Holding Companies
RBI issues amendment directions for non-operative financial holding companies, effective December 5, 2025, modifying pro
RBI NBFC Branch Authorisation Directions 2025
RBI issues directions for NBFC branch authorisation, outlining conditions for opening and closing branches, and repealin
RBI Directions 2025 on IT Outsourcing for AIFIs
The RBI has issued 2025 Directions that immediately govern how All‑India Financial Institutions (EXIM Bank, NABARD, NaBF
Rural Co-operative Banks Credit Information Reporting Amendment
RBI amends credit information reporting for rural co-operative banks to improve data submission timelines and accuracy.
RBI Directions for NBFC Internal Ombudsman
RBI issues directions for NBFCs to strengthen internal grievance redress mechanism and ensure speedy resolution of custo
CIMS Return Submission for Internet & Mobile Banking
Banks must submit monthly Internet and Mobile Banking returns via the new CIMS portal starting August 2025. Each return
RBI Project Finance Directions 2025
RBI issues directions for project finance to provide a harmonized framework for financing projects in infrastructure and
Update to UNSC's ISIL (Da'esh) & Al-Qaida Sanctions List
RBI advises regulated entities to update their Know Your Customer (KYC) records and follow procedures for delisting requ
NSDL Payments Bank added to RBI Act’s Second Schedule
The RBI has officially placed NSDL Payments Bank Limited in the Second Schedule of the Reserve Bank of India Act, 1934,
RBI Relaxation on Shipping Vessel Import
RBI allows importers to make advance remittance for shipping vessel import up to USD 50 million without bank guarantee.
RBI Amends Credit Facility Directions
RBI revises credit facility directions for small finance banks, updating definitions and rules.
ECB Return Updates
RBI updates ECB return rules, affecting AD Category I banks and borrowers, with changes to late submission fees and retu
Modified Interest Subvention Scheme
RBI modifies interest subvention scheme for short term agriculture loans through Kisan Credit Card for 2025-26, providin
RBI Amends Cash Reserve Ratio and Statutory Liquidity Ratio
RBI issues amendment directions for commercial banks' cash reserve ratio and statutory liquidity ratio, effective immedi
Pre-paid Instruments Data Submission Guidelines
RBI mandates pre‑paid instrument issuers to submit data in a uniform Excel format to facilitate straight‑through process
RBI Amends Prudential Norms on Capital Adequacy for AIFIs
RBI issues Amendment Directions to modify risk weightage for claims on non-resident corporates, effective immediately.
Term Repo under Liquidity Adjustment Facility Increased
RBI increases term repo under liquidity adjustment facility to 0.50% of NDTL with immediate effect.
Voluntary Pledge of Gold and Silver as Collateral
Scheduled Commercial Banks can consider loans against voluntary pledge of gold and silver as collateral for agriculture
Interest Subvention for Export Credit
RBI notifies interest subvention scheme for exporters under Export Promotion Mission (EPM) - Niryat Prothsahan. Eligible
RBI Amends Capital Adequacy Norms
RBI updates risk weight norms for non-resident corporates and international credit rating agencies
Financial Inclusion through Business Correspondents
RBI advises banks to defer selection of NBFCs as Business Correspondents until eligibility criteria are finalized.
India Currency Export
RBI updates rules for exporting Indian currency to Nepal and Bhutan, allowing up to ₹25,000 in denominations above ₹100.
Enhancing Speed Clearing Scope
RBI expands Speed Clearing to all transaction codes, excluding government cheques, effective February 1, 2011.
LAF Rate Change
RBI reduces policy repo rate by 25 basis points to 5.25% with immediate effect.
Small Finance Banks Credit Risk Management Update
RBI issues Second Amendment Directions for Small Finance Banks to factor calamity impact in credit assessments.
Deletion of RWA Calculation Paragraph for Small Finance Banks
The RBI has removed Paragraph 68 from Chapter IV, which dealt with the calculation of risk‑weighted assets for small fin
Risk Based Internal Audit for HFCs
RBI mandates Risk Based Internal Audit (RBIA) for all deposit-taking HFCs and non-deposit taking HFCs with asset size of
RBI Amends Capital Adequacy Norms
RBI amends capital adequacy norms for commercial banks, effective January 1, 2026.
Review of Loss Making Branches of Banks
RBI advises banks to stop submitting review notes and statements for loss making branches, as the circular is now availa
RBI Updates Directions on Commercial Banks' Financial Statement Presentation
The RBI has released updated directions governing how commercial banks should present and disclose their financial state
RBI Amends Income Recognition
RBI amends income recognition and provisioning norms for commercial banks, effective January 1, 2026.
RBI Directions for Small Finance Banks - Kisan Credit Card Scheme
RBI issues directions for Small Finance Banks to provide Kisan Credit Card Scheme with a composite facility for 6 years,
RBI Amends Concentration Risk Management
RBI updates concentration risk management for small finance banks, effective January 1, 2026.
RBI Directions for Small Finance Banks - Branch Authorisation
RBI issues directions for small finance banks on branch authorisation, digital banking, and business facilitation.
RBI Updates Concentration Risk Management
RBI amends concentration risk management directions for commercial banks, modifying eligible capital base and exposure l
Ahmednagar Merchant's Co-op Bank Ltd. Included in RBI Act 1934
Ahmednagar Merchant's Co-op Bank Ltd. has been included in the Second Schedule of the RBI Act 1934, as published in the
RBI Directs RRBs on Income Recognition, Asset Classification & Provisioning
RBI has issued new, immediate‑effect guidelines for Regional Rural Banks (RRBs) on how to recognise income, classify ass
Amendment to Small Finance Banks' Gold Metal Loan Guidelines
The RBI has revised the Gold Metal Loan (GML) framework for Small Finance Banks, adding definitions for GMS‑linked and i
Grievance Redress Mechanism Update
RBI withdraws 2021 circular on grievance redress mechanism, citing regulatory updates and supervisory developments.
Amendment to RBI Gold Metal Loan Guidelines (2025)
The RBI has revised its 2025 Credit Facilities Directions by adding clear definitions for Gold Metal Loans (GML), introd
RBI Extends Supervisory Directions for Industrial Co-operative Bank, Guwahati
RBI has extended its supervisory directions on The Industrial Co-operative Bank Ltd., Guwahati for three months from Jul
Baghat Urban Co-op Bank: RBI Extends Directions by 3 Months
RBI has extended regulatory directions on The Baghat Urban Co-operative Bank Limited, Solan, for another 3 months until
RBI Extends Directions for Innovative Co-operative Urban Bank, New Delhi
RBI has extended its supervisory directions on Innovative Co-operative Urban Bank, New Delhi, for another 3 months until
RBI Extends Ramgarhia Co-op Bank Directions to October 08, 2026
RBI has extended its supervisory directions on Ramgarhia Co-operative Bank, New Delhi, for a further three months from c
RBI Extends Directions for Samarth Sahakari Bank Ltd., Solapur
RBI has extended the regulatory directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 fo
RBI Amends Bulk Deposit Rate Rules, Adds LCR-Based Pricing
From Oct 1, 2026, banks must disclose bulk deposit rates on their websites by 10:10 am daily, ensure uniform rates acros
RBI Tightens Deposit Rate Disclosure for Local Area Banks
From Oct 1, 2026, Local Area Banks must publish bulk deposit rates on their websites by 10:10 am daily and ensure unifor
Payments Banks: Interest Rates Must Match Website Disclosure
From October 1, 2026, payments banks must pay deposit interest strictly as per the rates disclosed in advance on their w
RBI Master Circular on Money Transfer Service Scheme (MTSS)
RBI consolidated MTSS rules on July 2, 2012, allowing only inward personal remittances via authorized agents. No outward
Rupee value of Special Currency Basket revised to Rs.75.816175
RBI revised the Rupee value of the Special Currency Basket under the Deferred Payment Protocols with erstwhile USSR to R
RRB FCNR(B) Deposit Rate Caps Raised
RBI raised FCNR(B) deposit rate ceilings for RRBs from May 4, 2012: 1-3 years now LIBOR/Swap +200 bps (was +125), 3-5 ye
RIDF and Similar Fund Interest Rates Revised
RBI revised interest rates on deposits with NABARD/SIDBI/NHB and RIDF loans from April 1, 2012, linking them to the new
Diamond Dollar Account Reporting: Monthly to Quarterly
RBI has shifted DDA reporting from monthly to quarterly for AD Category-I banks, effective quarter ending March 2012. Re
Rupee Value of Special Currency Basket Revised
RBI revised the Rupee value of the Special Currency Basket to Rs. 68.838139 effective February 9, 2012, replacing the ea
NEFT Positive Confirmation: RBI Cracks Down on Non-Compliance
RBI has warned NEFT banks to ensure positive confirmation messages (N-10) are sent to remitters for every inward credit.
RBI raises NRE deposit rate cap to LIBOR/SWAP plus 275 bps
RBI has increased the maximum interest rate on NRE term deposits (1-3 years) from LIBOR/SWAP plus 175 bps to plus 275 bp
RBI on Small Accounts and KYC Documents for RRBs
RBI directs RRBs to follow new rules for 'small accounts' with caps on credits, withdrawals, and balance. NREGA job card
Regularization of Pre-FEMA Liaison/Branch Offices
Foreign entities with Liaison or Branch Offices in India set up before FEMA (June 1, 2000) without RBI approval must app
Master Circular: Broker Appointment & Brokerage on Relief/Savings Bonds
RBI consolidated rules for agency banks on broker enrollment, delisting, and brokerage payments for Relief/Savings Bonds
SJSRY Master Circular: Urban Poverty Lending Rules
RBI consolidated all SJSRY guidelines into one Master Circular, effective July 1, 2011, covering five components for urb
RBI Priority Sector Rules for Bank Loans to MFIs
From April 1, 2011, bank loans to MFIs qualify as priority sector only if MFIs meet strict asset, loan, and pricing norm
RBI Hikes Repo and Reverse Repo Rates
RBI raised the repo rate by 25 bps to 6.00% and the reverse repo rate by 50 bps to 5.00%, effective immediately, as part
Master Circular: SJSRY Urban Poverty Lending
RBI consolidated all prior instructions on SJSRY, a scheme to provide urban poor with self-employment or wage employment