RBI Master Circular: Resource Raising Norms for FIs (2013)
No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2013-14/77 · issued 01 Jul 2013 · ~2 min read
Quick answerRBI consolidated resource raising norms for Exim Bank, NABARD, NHB, and SIDBI into a single master circular effective July 1, 2013. It covers umbrella limits for deposits, CPs, CDs, and bond issuance rules to ensure level playing field and regulatory convergence.
What changed
RBI issued a new master circular consolidating all previous instructions on resource raising for all-India term lending and refinancing institutions, replacing the July 2012 version. The circular updates guidelines up to June 30, 2013, covering term deposits, term money borrowings, CDs, CPs, ICDs, and bond/debenture norms. It also references a standing committee to expedite bond issuance approvals.
What it means for you
Banks and FIs now have a single reference document for compliance, reducing confusion from multiple circulars. The consolidated norms aim to create a level playing field among statutory and non-statutory FIs, impacting how they raise short-term and long-term funds. Lenders dealing with these FIs should expect more standardized documentation and reporting requirements.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Review the master circular to ensure your FI's resource raising practices align with the consolidated norms.
Update internal compliance checklists to reference the new circular (DBOD.No.FID.FIC.1/01.02.00/2013-14) instead of older ones.
Train treasury and compliance teams on the umbrella limit framework for term deposits, CDs, CPs, and ICDs.
Monitor bond issuance procedures, especially if your FI needs to approach the standing committee for approvals.
Who it affects
Exim Bank, NABARD, NHB, SIDBI, All-India term lending and refinancing institutions, Banks and lenders dealing with these FIs
❓ Common questions
Regulatory timeline
Stated effective dateeffective July 1, 2013
Decoded by BankPulse2026-06-18 14:59 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the 'umbrella limit' mentioned in the circular?
The umbrella limit is a consolidated ceiling for resource raising instruments like term deposits, term money borrowings, CDs, CPs, and ICDs, designed to give FIs flexibility while ensuring regulatory control.
Does this circular affect bond issuance by FIs?
Yes, it includes norms for bond/debenture issuance and mentions a standing committee to expedite approvals, ensuring a level playing field between statutory and non-statutory FIs.
Which institutions are covered under this master circular?
The circular applies to Exim Bank, NABARD, NHB, and SIDBI, which are all-India term lending and refinancing institutions.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
📜 Read the original circular — full text as issued by RBI
RBI/2013-14/77
DBOD.No.FID.FIC.1/01.02.00/2013-14
July 1, 2013
The CEOs of the
All-India Term Lending and Refinancing Institutions
(Exim Bank, NABARD, NHB and SIDBI)
Dear Sir,
Master Circular - Resource Raising Norms for Financial Institutions
Please refer to Master Circular DBOD.No.FID.FIC.1/01.02.00/2012-13 dated July 02, 2012 on the captioned subject. The enclosed Master Circular consolidates and updates all the instructions / guidelines on the subject up to June 30, 2013. The Master Circular has also been placed on the web-site of RBI ( http://www.rbi.org.in ).
2. It may be noted that the instructions contained in the circulars listed in Annex 4 have been consolidated in this master circular.
Yours faithfully,
(Rajesh Verma)
Chief General Manager
Master Circular on
Resource Raising Norms for Financial Institutions
Purpose
To facilitate the specialised financial institutions (FIs) to meet their short-term and long-term resource requirements so as to enable the FIs to cater to sectoral needs of credit, linked to the operations, purpose and objectives with which the FIs were set up as per their respective statutes. This circular also aims at providing level-playing field, by bringing broad convergence in regulatory norms among financial institutions with regard to issue of bonds by them.
Previous Instructions
This master circular consolidates and updates all the instructions / guidelines issued by the Reserve Bank of India relating to resource raising by financial institutions contained in the circulars listed in Annex 4.
Application
To all the all-India term-lending and refinancing institutions viz. Exim Bank, NABARD, NHB and SIDBI.
1
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/77 · issued 01 Jul 2013. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8088&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
Help us keep this accurate
Found an inaccuracy or have an improvement? Tell us. Every report is reviewed by our team before any change is made — nothing goes live unverified.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
BANKPULSE · FREE DAILY BRIEF
Get RBI updates for your role
Every important RBI update, decoded in plain English — for your career, exams & financial awareness.
We collect only your email, name and role, used solely to send your brief — never sold or shared. Withdraw anytime via the unsubscribe link in any email. Independent platform, not affiliated with the RBI. Information, not legal advice.
REPORT AN ERROR · BETA
Spotted an error? Earn 500 BankPulse Credits
Help us stay accurate. If your correction is verified true and approved by our founder, you earn 500 BankPulse Credits — redeemable when the platform monetises.
Reviewed by a human before any credit is awarded. We never change the site from crowd input without verification.
WANT A NEW FEATURE · BETA
What would make BankPulse more useful for you?
Tell us what to build next — a tool, a data view, a role page, anything. We read every suggestion.
Thank you — your ideas directly shape what we build.