Section 23 of the Banking Regulation Act, 1949 – Branch Authorisation Policy – Left Wing Extremism affected districts – Revised List
August 22, 2022 All Domestic Scheduled Commercial Banks(excluding Regional Rural Banks, Payments Banks and Local Area Banks) Madam/Dear Sir, Please refer to our circular on ‘Rationalisation of Branch Authorisation Policy-Revision…
Foreign Exchange Management (Overseas Investment) Directions, 2022
August 22, 2022 All Category – I Authorised Dealer BanksMadam/Sir 1. Overseas investments by persons resident in India enhance the scale and scope of businessoperations of Indian entrepreneurs by providing…
Foreign Exchange Management (Overseas Investment) Regulations, 2022
August 22, 2022 In exercise of the powers conferred by sub-section (1) and clause (a) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of…
Outsourcing of Financial Services – Responsibilities of regulated entities employing Recovery Agents
August 12, 2022 Madam/ Sir, The Reserve Bank of India has from time to time advised regulated entities (REs) that the ultimate responsibility for their outsourced activities vests with them…
Master Circular on Credit Facilities to Minority Communities
August 2, 2022 The Chairman/Managing Director/Chief Executive OfficerAll Scheduled Commercial Banks (excluding RRBs and Foreign Banks with less than 20 branches) Madam/ Dear Sir, The Reserve Bank of India has…
External Commercial Borrowings (ECB) Policy – Liberalisation Measures
Attention is invited to paragraph 2.2 of FED Master Direction No.5 on External Commercial Borrowings, Trade Credits and Structured Obligations, dated March 26, 2019 (as amended from time to time),…
Master Circular – Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
August 1, 2022 The Chairman/ Managing Director / Chief Executive Officer All Scheduled Commercial Banks (including Small Finance Banks) Madam/ Dear Sir, The Reserve Bank of India has, from time…
United Nations Security Council Resolutions (UNSCR) 1718 Sanctions Committee on Democratic People’s Republic of Korea (DPRK) amends 44 existing entries on its Sanctions List
July 29, 2022 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Please refer to our circular DoR.AML.REC.03/14.06.001/2021-22 dated April 08, 2021 advising Regulated Entities (REs) to adhere to…
Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]
Reference is invited to Reserve Bank July 28, 2022 of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Payment…
Regulation of Payment Aggregators – Timeline for submission of applications for authorisation – Review
Reference is invited to Reserve Bank of India (RBI) circulars DPSS.CO.PD.No.1810/02.14.008/ 2019-20 dated March 17, 2020 and CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 on “Guidelines on Regulation of Payment Aggregators and…