Reserve Bank clarifies on the mode of receipt of complaints under Reserve Bank – Integrated Ombudsman Scheme 2021(RB-IOS)
March 09, 2022 Instances of misinformation being spread through certain sections of the social media about the Reserve Bank – Integrated Ombudsman Scheme 2021 (RB-IOS) have come to the notice…
Master Direction – Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022.
March 14, 2022 All Commercial Banks (including Small Finance Banks,Local Area Banks and Regional Rural Banks) excluding Payments BanksAll Primary (Urban) Co-operative Banks/ State Co-operative Banks/District Central Co-operative BanksAll Non-Banking…
Reserve Bank of India launches (a) UPI for Feature Phones (UPI123pay) and (b) 24×7 Helpline for Digital Payments (DigiSaathi)
March 08, 2022 The Reserve Bank has launched two key initiatives today – (1) UPI123Pay – Option to make Unified Payments Interface (UPI) payments for feature phone users, and (2)…
BE(A)WARE – A Booklet on Modus Operandi of Financial Frauds
March 07, 2022 The Reserve Bank has today released a booklet, “BE(A)WARE” on the common modus operandi used by fraudsters and precautions to be taken while carrying out various financial…
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…
RBI cautions public against Prepaid Payment Instruments (non-closed) issued by unauthorised entities
February 22, 2022 It has come to the notice of Reserve Bank of India (RBI) that sRide Tech Private Limited, a company having its registered office at 1201, Tower-7, Close…
New Definition of Micro, Small and Medium Enterprises – Clarification
February 18, 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…
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…