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Exim Bank’s Government of India supported Line of Credit (LoC) of USD 100 million to the Government of the Republic of Mauritius

August 12, 2021 All Category – I Authorised Dealer Banks Madam/Sir Export-Import Bank of India (Exim Bank) has entered into an agreement dated February 19, 2021 with the Government of…

Monitoring of Availability of Cash in ATMs

August 10, 2021 The Chairman / Managing Director & CEO All Banks Dear Sir / Madam, As you are aware, the Reserve Bank of India has a mandate to issue…

Enhancement of collateral free loans to Self Help Groups (SHGs) under DAY-NRLM from ₹10 lakh to ₹20 Lakh

August 9, 2021 The Chairman/ Managing Director/Chief Executive Officer Public Sector Banks Private Sector Banks (including Small Finance Banks) Madam/Dear Sir, Please refer to the Master Circular FIDD.GSSD.CO.BC.No.04/09.01.01/2021-22 dated April…

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

Please refer to circular DOR.No.Ret.BC.36/12.01.001/2020-21 dated February 05, 2021, on Marginal Standing Facility (MSF), wherein the banks were allowed to avail of funds under the MSF by dipping into the…

Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts

August 06, 2021 All Banks Madam / Dear Sir, Please refer to paragraph 2.2 of our circular DBOD.No.BP.BC.57/21.04.157/2008-09 dated October 13, 2008, in terms of which any change in any…

Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised timelines for compliance

August 6, 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 Co-operative Banks All All-India…

Export Credit in Foreign Currency – Benchmark Rate

August 6, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) All Primary (Urban) Co-operative Banks1 All Small Finance Banks Dear Sir / Madam, Please refer to Master Circular DBR.No.DIR.BC.14/04.02.002/2015-16…

Exim Bank’s Government of India supported Line of Credit (LoC) of USD 30.00 million to the Government of the Republic of Sierra Leone

August 05, 2021 All Category – I Authorised Dealer Banks Madam/Sir Export-Import Bank of India (Exim Bank) has entered into an agreement dated October 13, 2019 with the Government of…

Guidelines for Implementation of the circular on Opening of Current Accounts by Banks

August 04, 2021 To, All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Please refer to circulars DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020, DOR.No.BP.BC.27/21.04.048/2020-21 dated November 2, 2020 and…

Maintenance of State Government Accounts – Recovery of Interest on Excess put through/ Double claim (State Government Transactions)

August 02, 2021 The Chairman and Managing Directors/ Managing Director/ CEO All Agency Banks Dear Sir / Madam Please refer to our circular RBI/2007/291 DGBA.GAD.No.H-14061/31.04.008/2006-07 dated March 21, 2007 vide…