Amendment to General Notification for sale of Government of India Treasury Bills/Cash Management Bills by Auction
December 24, 2021 All participants in the Government Securities market. Madam/Sir, The terms and conditions for Sale of Government of India Treasury Bills/Cash Management Bills by Auction were notified by…
Restriction on storage of actual card data [i.e. Card-on-File (CoF)]
December 23, 2021 All Payment System Providers and Payment System Participants Madam / Dear Sir, In terms of our circular DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 on “Guidelines on Regulation of…
Exim Bank Government of India supported Line of Credit (LoC) of USD 40 million to the Government of the Togolese Republic
Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 23, 2021 with the Government of the Togolese Republic, for making available to the latter, Government of…
Government Agency Business Arrangement – Appointment of Scheduled Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)
December 15, 2021 All Scheduled Payments Banks and Scheduled Small Finance Banks in India Dear Sir / Madam Please refer to RBI Circular RBI/2021-22/36; CO.DGBA.GBD.No.S77/42.01.033/2021- 22 dated May 10, 2021…
Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs)
December 14, 2021 All Deposit Taking NBFCs All Non-Deposit Taking NBFCs in Middle, Upper and Top Layers1 Dear Sir / Madam, Reserve Bank of India had introduced a Prompt Corrective
Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio(SLR) – Marginal Standing Facility (MSF) – return to the normal dispensation
December 10, 2021 All Scheduled Banks Madam/Sir, Please refer to circular DOR.RET.REC.36/12.01.001/2021-22 dated August 09, 2021 and paragraph 15(i) of the Master Direction DOR.No.RET.REC.32/12.01.001/2021-22 dated July 20, 2021, on Marginal…
Introduction of Legal Entity Identifier for Cross-border Transactions
December 10, 2021 To All Category-I Authorised Dealer Banks Madam / Sir, The Legal Entity Identifier (LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide…
General permission for infusion of capital in overseas branches and subsidiaries and retention/ repatriation/ transfer of profits in these centres by banks incorporated in India
Please refer to para 1 of the ‘Statement on Developmental and Regulatory Policies’ dated December 8, 2021 on the above subject. 2. As per extant practice, banks incorporated in India…
External Commercial Borrowings (ECB) and Trade Credits (TC) Policy – Changes due to LIBOR transition
Please refer to paragraph 3 of the Governor’s Statement on Developmental and Regulatory Policies dated December 08, 2021. In this connection, attention of Authorised Dealer Category-I (AD Category-I) banks is…
Modus operandi of fraudulent transaction – ATM card skimming
Modus Operandi : It has been observed that fraudsters install skimming devices in ATM machines& steal data from your card. PIN is also captured by installing dummy keypad, small /…