Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – Regional Rural Banks (RRBs)
November 22, 2021 All Regional Rural Banks Madam/Sir, We advise that the name of Baroda UP Bank has been included to and names of three erstwhile Regional Rural Banks (RRBs)…
RBI releases the Report of the Working Group on digital lending including lending through online platforms and mobile apps
November 18, 2021 The Reserve Bank of India had constituted a Working Group (WG) on digital lending including lending through online platforms and mobile apps on January 13, 2021, with…
Appointment of Internal Ombudsman by Non-Banking Financial Companies
November 15, 2021 The Chairman/Managing Director & CEO a) NBFCs-D with 10 or more branches, and b) NBFCs-ND with asset size of Rs 5,000 crore and above (excluding NBFCs given…
Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Clarifications
November 12, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) excluding Payments Banks All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Cooperative Banks…
Auction of Government Securities: Non-Competitive Bidding Facility to retail investors
November 12, 2021 All Scheduled Commercial Banks All State Co-operative Banks / All Scheduled Primary (Urban) Co-operative Banks / All Financial Institutions / All Primary Dealers/All stock exchanges/ Clearing Corporation…
RBI launches its First Global Hackathon – HARBINGER 2021
November 09, 2021 Reserve Bank is organising its first global hackathon – “HARBINGER 2021 – Innovation for Transformation” with the theme ‘Smarter Digital Payments’. The Hackathon invites participants to identify…
Reserve Bank – Integrated Ombudsman Scheme, 2021
November 12, 2021 In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949 (10 of 1949), Section 45L of the Reserve Bank of India Act,…
Foreign Currency (Non-resident) Accounts (Banks) Scheme [FCNR(B)] – Master Direction on Interest Rate on Deposits
November 11, 2021 All Scheduled Commercial Banks (including Regional Rural Banks) All Small Finance Banks All Local Area Banks All Payment Banks All Primary (Urban) Co-operative Banks/ DCCBs /State Cooperative…
RBI Governor meets MD & CEOs of Public Sector Banks and certain Private Sector Banks over Video Conference
November 02, 2021 The Governor, Reserve Bank of India held separate meetings with the MD&CEOs of Public Sector Banks and certain Private Sector Banks on November 2, 2021 through video…
Master Circular- Guarantees, Co-Acceptances & Letters of Credit – UCBs
November 02, 2021 The Managing Director/ Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir/ Madam, Please refer to our Master Circular DCBR. BPD (PCB) MC. No.8/09.27.000/2015-16 dated July…