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Month: February 2021

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  • RBI , 2021 , Notification , Credit to MSME Entrepreneurs.

RBI , 2021 , Notification , Credit to MSME Entrepreneurs.

February 05, 2021 All Scheduled Commercial Banks Dear Sir / Madam Credit to MSME Entrepreneurs 1. In terms of paragraph 5 of the Statement on Developmental and Regulatory Policies of…

RBI, 2020-21 , Notification , Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) – Extension of Relaxation

February 05, 2021 All Scheduled Banks Dear Sir / Madam Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF)…

RBI , 2020-21 , Notification , Maintenance of Cash Reserve Ratio (CRR)

February 5, 2021 All Banks Dear Sir / Madam Maintenance of Cash Reserve Ratio (CRR) 1. Please refer to our Circular DOR.No.Ret.BC.49/12.01.001/2019-20 dated March 27, 2020, on the captioned subject.…

RBI , 2020-21 , Notification , Loans and advances to directors, their relatives, and firms / concerns in which they are interested

February 5, 2021 The Managing Director / Chief Executive OfficerAll Primary (Urban) Co-operative Banks Dear Sir / Madam, Loans and advances to directors, their relatives, and firms / concerns in…

RBI/2020-21/79, Notification, Opening of Current Accounts by Banks – Need for Discipline.

December 14, 2020 All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Opening of Current Accounts by Banks – Need for Discipline Please refer to the circulars DOR.No.BP.BC/7/21.04.048/2020-21…

RBI/2020-21/74, Notification, Processing of e-mandates for recurring transactions.

December 04, 20 The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central…

RBI/2020-21/70, Notification, 24×7 Availability of Real Time Gross Settlement (RTGS) System.

December 04, 2020 The Chairman / Managing Director / Chief Executive Officerof member banks participating in RTGS Madam / Dear Sir, 24×7 Availability of Real Time Gross Settlement (RTGS) System…

RBI/2020-21, Circular No. 08, External Trade – Facilitation – Export of Goods and Services

December 04, 2020 To, All Category – I Authorised Dealer Banks Madam / Sir, External Trade – Facilitation – Export of Goods and Services Please refer to the Statement on…

Startup India Seed Fund Scheme

New Delhi, the 21st January, 2021 S.O. 414(E).—The Central Government has approved the ‘Startup India Seed Fund Scheme (SISFS)’ to provide financial assistance to startups for proof of concept, prototype…

RBI , 2020-21, Notification , Risk-Based Internal Audit (RBIA).

February 03, 2021 The Chairman / Managing Director / Chief Executive OfficerAll deposit taking Non-Banking Finance Companies (NBFCs)All non-deposit taking NBFCs (including Core Investment Companies) with asset size of ₹5,000…