Review of SLR holdings in HTM category
April 08, 2022 Dear Sir / Madam, Please refer to paragraph 4 of Statement on Development and Regulatory Policies of the Monetary Policy Statement, 2022-23 dated April 08, 2022 and…
Individual Housing Loans – Rationalisation of Risk Weights
April 8, 2022 All Scheduled Commercial Banks(Excluding Local Area Banks and Regional Rural Banks) Madam/ Dear Sir, Please refer to circular DOR.No.BP.BC.24/08.12.015/2020-21 dated October 16, 2020 on rationalization of risk…
Monetary Policy Statement, 2022-23 Resolution of the Monetary Policy Committee (MPC) April 6-8, 2022
April 08, 2022 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (April 8, 2022) decided to…
Establishment of Digital Banking Units (DBUs)
April 7, 2022 All Scheduled Commercial Banks(excluding Regional Rural Banks, Local Area Banks & Payments Banks) Dear Sir / Madam, In recent times, digital banking has emerged as the preferred…
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…
Importance of Governance and Assurance Functions in Financial Institutions1 Address at CAFRAL by Shri M. K. Jain, Deputy Governor, RBI.
Introduction Delegates from various financial institutions, guest speakers and colleagues from CAFRAL, a very good morning to all. At the outset, let me thank CAFRAL for hosting this learning program.…
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…
Note on RBI circular for Framework for Geo-tagging of Payment System Touch Points
Framework for Geo-tagging of Payment System Touch Points Introduction Geo-tagging Meaning Geo-tagging refers to capturing the geographical coordinates (latitude and longitude) of payment touch points deployed by merchants to receive…
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…
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.…