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

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…

Cassette – Swaps in ATMs

March 31, 2022 Madam / Dear Sir, The Chairman / Managing Director/Chief Executive OfficerAll Banks Please refer to the circulars RBI/2017-18/162/ DCM (Plg.) No. 3641/10.25.007/2017-18 dated April 12, 2018 and…

Special Clearing operations on March 31, 2022

March 28, 2022 The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including Regional Rural Banks /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks…

Framework for Geo-tagging of Payment System Touch Points

To facilitate nuanced spread of acceptance infrastructure and inclusive access to digital payments, the Monetary Policy Statement 2020-21 on October 08, 2021 had announced that a framework for geo-tagging of…

Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2021-22)

March 24, 2022 All Agency Banks Dear Sir / Madam All government transactions done by agency banks for Financial Year 2021-22 must be accounted for within the same financial year.…

Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021 – Amendment

Please refer to the Master Direction DOR.MRG.42/21.04.141/2021-22 dated August 25, 2021 – ‘Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021’ (hereinafter referred as ‘Master Direction’). 2.…

Investment in Umbrella Organization (UO) by Primary (Urban) Co-operative Banks

Please refer to circular UBD.(PCB).BPD.Cir.No.46/16.20.000/2008-09 dated January 30, 2009 on Investments in Non-SLR securities by Primary (Urban) Co-operative Banks. Paragraph 2(i) of the circular states that the non-SLR investments shall…

Implementation of ‘Core Financial Services Solution’ by Non-Banking Financial Companies (NBFCs)

February 23, 2022 All Non-Banking Financial Companies Madam / Dear Sir, A reference is invited to para 3.2.3 (j) of the Reserve Bank’s Circular Ref. DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021…

Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934- Sikkim State Co-operative Bank Ltd.

February 18, 2022 All State Co-operative Banks/Central Co-operative Banks Madam/ Sir, We advise that the name of ‘Sikkim State Co-operative Bank Ltd.’ has been included in the Second Schedule to…

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

February 15, 2022 All Commercial Banks (including Small Finance Banks, Local Area Banks and RegionalRural Banks) excluding Payments BanksAll Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Cooperative BanksAll-India Financial Institutions…