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Master Circular – Management of Advances – UCBs

April 8, 2022 All Primary (Urban) Co-operative BanksDear Sir/ Madam, Please refer to our Master Circular DCBR.BPD.(PCB) MC No.14/13.05.000/2015-16 dated July 1, 2015 on the captioned subject. The enclosed Master…

Review of SLR holdings in HTM category

April 08, 2022 Dear Sir / Madam, Please refer to paragraph 4 of Statement on Development and Regulatory Policies of the Monetary Policy Statement, 2022-23 dated April 08, 2022 and…

Individual Housing Loans – Rationalisation of Risk Weights

April 8, 2022 All Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks) Madam/ Dear Sir, Please refer to circular DOR.No.BP.BC.24/08.12.015/2020-21 dated October 16, 2020 on rationalization of risk…

Monetary Policy Statement, 2022-23 Resolution of the Monetary Policy Committee (MPC) April 6-8, 2022

April 08, 2022 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (April 8, 2022) decided to…

Establishment of Digital Banking Units (DBUs)

April 7, 2022 All Scheduled Commercial Banks(excluding Regional Rural Banks, Local Area Banks & Payments Banks) Dear Sir / Madam, In recent times, digital banking has emerged as the preferred…

e-Dispute Resolution Scheme, 2022.

S.O. 1642(E).—In exercise of the powers conferred by sub-sections (3) and (4) of section 245MA of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following…

Income-tax (Seventh Amendment) Rules, 2022.

G.S.R 274(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 245MA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board…

Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da’esh) & Al-Qaida Sanctions List: Amendment in two entries

Please refer to Section 51 of our Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10 , 2021, in terms of which “Regulated Entities…

Income-tax (6th Amendment), Rules, 2022.

G.S.R. 256(E).— In exercise of the powers conferred by section 89A read with section 295 of the Incometax Act, 1961 (43 of 1961), the Central Board of Direct taxes hereby…

Companies (Accounts) Second Amendment Rules, 2022.

New Delhi, the 31st March, 2022 G.S.R. (E).-In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub section (3) of section 129, section 133, section…