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Master Circular – Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances

October 1, 2021 All Commercial Banks (excluding RRBs) Madam/Dear Sir Please refer to the Master Circular No. DBR.No.BP.BC.2/21.04.048/2015-16 dated July 1, 2015 consolidating instructions / guidelines issued to banks till…

Exim Bank’s Government of India supported Line of Credit (LoC) of USD 100 million to the Government of Democratic Socialist Republic of Sri Lanka

September 30, 2021 All Category – I Authorised Dealer Banks Madam/Sir Export-Import Bank of India (Exim Bank) has entered into an agreement dated March 16, 2021 with the Government of…

Exim Bank’s Government of India supported Line of Credit (LoC) of USD 15 million to the Government of the Republic of Sierra Leone

September 30, 2021 All Category – I Authorised Dealer Banks Madam/Sir Export-Import Bank of India (Exim Bank) has entered into an agreement dated December 17, 2020 with the Government of…

Seeks to exempt CGST on specified medicines used in COVID-19, up to 31st December, 2021.

New Delhi, the 30th September, 2021 G.S.R….(E).- In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of…

Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to implement recommendations made by GST Council in its 45th meeting held on 17.09.2021.

New Delhi, the 30th September, 2021 G.S.R.—–(E). – In exercise of the powers conferred by sub-sections (3) and (4) of section 9, sub-section (1) of section 11, sub-section (5) of…

Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by GST Council in its 45th meeting held on 17.09.2021.

New Delhi, the 30th September, 2021 G.S.R……(E).- In exercise of the powers conferred by sub-section (1), sub-section (3) and sub-section (4) of section 9, sub-section (1) of section 11, sub-section…

Use of any Alternative reference rate in place of LIBOR for interest payable in respect of export / import transactions

September 28, 2021 To All Category-I Authorised Dealer Banks Attention of Authorised Dealer Category– I banks (AD banks) is invited to extant Regulation 15 of Foreign Exchange Management (Export of…

Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021

September 24, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Cooperative Banks All All-India…

Master Direction – Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021

September 24, 2021 All Scheduled Commercial Banks (including Small Finance Banks but excluding Regional Rural Banks); All All-India Term Financial Institutions (NABARD, NHB, EXIM Bank, and SIDBI); All Non-Banking Financial…

Master Circular on Investments by Primary (Urban) Co-operative Banks

September 20, 2021 All Primary (Urban) Co-operative Banks Dear Sir / Madam, Please refer to our Master Circular DCBR.BPD(PCB).MC.No.4/16.20.000/2015-16 dated July 1, 2015 on the captioned subject. The enclosed Master…