Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]
June 24, 2022 All Payment System Providers and Payment System ParticipantsMadam / Dear Sir, Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/ 2019-20 dated March 17, 2020…
Master Circular – Housing Finance for UCBs
June 23, 2022 All Primary (Urban) Co-operative Banks Madam/Dear Sir, Please refer to our Master Circular DCBR.BPD.(PCB) MC No.9/09.22.010/2015-16 dated July 1, 2015 on the captioned subject (available at RBI…
Extension of timeline for implementation of certain provisions of Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022
June 21, 2022 All Scheduled Banks (excluding Payments Banks/State Co-operative Banks and District Central Cooperative Banks)All Non-Banking Financial Companies (NBFCs) Please refer to paragraph 1 (b) of the Master Direction…
Payments Vision 2025
June 17, 2022 The Reserve Bank of India (RBI) has today placed on its website the “Payments Vision 2025”. The Payments Vision 2025 has the core theme of ‘E-Payments for…
Processing of e-mandates for recurring transactions
June 16, 2022 The Chairman / 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…
Sovereign Gold Bond (SGB) Scheme 2022-23
June 16, 2022 Scheduled Banks (as per the list attached),Designated Post Offices (as per the list attached)Stock Holding Corporation of India Ltd.National Stock Exchange of India Ltd, Bombay Stock Exchange…
Bank finance to Government owned entities
June 14, 2022 All Scheduled Commercial Banks(Excluding RRBs) Madam / Dear Sir Please refer to the Master Circulars DBR.No.Dir.BC.10/13.03.00/2015-16 dated July 1, 2015 on ‘Loans and Advances – Statutory and…
Discontinuation of Return under Foreign Exchange Management Act, 1999
Attention of Authorised Persons is invited to A.P. (DIR series) circular No 26, dated February 18, 2022, wherein Authorised Persons were advised about proposed discontinuation of the return “Details of…
Liquidity Adjustment Facility – Change in rates
June 08, 2022 All Liquidity Adjustment Facility (LAF) participantsMadam/Sir, As announced in the Monetary Policy Statement, 2022-23, today, it has been decided by the Monetary Policy Committee (MPC) to increase…
Branches of Indian Banks operating in GIFT-IFSC – acting as Professional Clearing Member (PCM) of India International Bullion Exchange IFSC Limited (IIBX)
June 07, 2022 All Scheduled Commercial BanksMadam/Dear Sir On a review, it has been decided to allow the branches of Indian banks operating in GIFT-IFSC to act as PCM of…