New Definition of Micro, Small and Medium Enterprises – Clarification
May 19, 2022 The Chairman/ Managing Director/Chief Executive OfficerAll 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…
Kisan Credit Card Scheme – Eligibility criteria for farmers engaged in fisheries/aquaculture
May 18, 2022 Please refer to Para 3.1.1.2 of our circular FIDD.CO.FSD.BC.12/05.05.010/2018-19 dated February 04, 2019 on Kisan Credit Card (KCC) Scheme: Working Capital for Animal Husbandry and Fisheries. It…
Governor, Reserve Bank of India meets MD & CEOs of Public and Private Sector Banks
May 18, 2022 The Governor, Reserve Bank of India held meetings with the MD & CEOs of select Public and Private Sector Banks on May 17 and 18, 2022. The…
Lending by Commercial Banks to NBFCs and Small Finance Banks (SFBs) to NBFC-MFIs, for
the purpose of on-lending to priority sectors
May 13, 2022 The Chairman/ Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks (Including Small Finance Banks)(Excluding Regional Rural Banks, Urban Co-operative Banks and Local Area Banks) Dear Sir/Madam, Please refer…
Resolution of Stressed Assets and IBC1
Hon’ble Minister of State for Corporate Affairs Shri Rao Inderjit Singh, Shri Rajesh Verma, Secretary, Ministry of Corporate Affairs, Shri Ravi Mittal, Chairman, IBBI, Shri Sudhakar Shukla, Whole Time Member,…
Exim Bank’s Government of India supported additional Line of Credit (LoC) of
USD 190 million to the SBM (Mauritius) Infrastructure Development Company Ltd
May 05, 2022 All Category – I Authorised Dealer BanksMadam/Sir Export-Import Bank of India (Exim Bank) has entered into an agreement dated January 06, 2022 with the SBM (Mauritius) Infrastructure…
Maintenance of Cash Reserve Ratio (CRR)
May 04, 2022 All BanksMadam/Sir, Please refer to our circular DOR.No.Ret.BC.35/12.01.001/2020-21 dated February 05, 2021 and relative notification on the captioned subject. 2. As announced in the Governor’s Statement dated…
Change in Bank Rate
May 04, 2022 All BanksMadam/Sir, Please refer to our circular DOR.No.Ret.BC.74/12.01.001/2019-20 dated May 22, 2020 on the captioned subject. 2. As announced in the Monetary Policy Statement 2022-23 dated May…
Standing Liquidity Facility for Primary Dealers
May 4, 2022 All Primary Dealers, In the Monetary Policy Statement 2022-23, dated May 4, 2022, the policy repo rate under the Liquidity Adjustment Facility (LAF) has been increased by…
ASBA designated branches to remain open for public on May 8, 2022 (Sunday) to facilitate processing of applications for LIC IPO
May 4, 2022 All Scheduled Commercial BanksMadam/ Dear Sir The Government of India, in order to facilitate bidding for LIC IPO, has requested that all bank branches designated to process…