Community & General Notification & Circulars

Enhancement of collateral free loans to Self Help Groups (SHGs) under DAY-NRLM from Rs. 10 lakh to Rs. 20 Lakh

Notification No#RBI/2021-22/83 FIDD.GSSD.CO.BC.No.09/09.01.003/2021-22 09 August 2021

RBI/2021-22/83 FIDD.GSSD.CO.BC.No.09/09.01.003/2021-22 August 9, 2021 The Chairman/ Managing Director/Chief Executive Officer Public Sector Banks Private Sector Banks (including Small Finance Banks) Madam/Dear Sir, Enhancement of collateral free loans to Self Help Groups (SHGs) under..

Posted in Community & General

Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation

Notification No#RBI/2021-22/82 DOR.RET.REC.36/12.01.001/2021-22 09 August 2021

RBI/2021-22/82 DOR.RET.REC.36/12.01.001/2021-22 August 09, 2021 All Scheduled Banks Madam/Sir Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation Please refer to ..

Posted in Community & General

RBI Export Credit in Foreign Currency – Benchmark Rate

Notification No#RBI/2021-2022/79 DOR.DIR.REC.37/04.02.002/2021-22 06 August 2021

RBI/2021-2022/79 DOR.DIR.REC.37/04.02.002/2021-22 August 6, 2021 All Scheduled Commercial Banks (excluding Regional Rural Banks) All Primary (Urban) Co-operative Banks1 All Small Finance Banks Dear Sir / Madam, Export Credit in Foreign Currency – Benchmark Rate Please refer ..

Posted in Community & General

Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts

Notification No#RBI/2021-22/81 DOR.MRG.39/21.04.157/2021-22 06 August 2021

RBI/2021-22/81 DOR.MRG.39/21.04.157/2021-22 August 06, 2021 All Banks Madam / Dear Sir, Prudential Norms for Off-Balance Sheet Exposures of Banks – Restructuring of derivative contracts Please refer to paragraph 2.2 of our circular DBOD.No.BP.BC.57/21.04.157/2008-09 dated ..

Posted in Community & General

Resolution Framework for COVID-19-related Stress – Financial Parameters – Revised timelines for compliance

Notification No#RBI/2021-22/80 DOR.STR.REC.38/21.04.048/2021-22 06 August 2021

RBI/2021-22/80 DOR.STR.REC.38/21.04.048/2021-22 August 6, 2021 All 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 All All-India Financial Institu..

Posted in Community & General

Statement on Developmental and Regulatory Policies

Notification No#PR : 2021-2022/645 06 August 2021

Date : Aug 06, 2021 This Statement sets out various developmental measures including liquidity and regulatory measures. I. Liquidity Measures 1. On Tap TLTRO Scheme – Extension of Deadline With a view to increasing the focus of liquidity measures on revival of activity in spec..

Posted in Community & General

RBI Governor’s Statement : August 6, 2021

Notification No#PR : 2021-2022/643 06 August 2021

Date : Aug 06, 2021 The Monetary Policy Committee (MPC) met on 4th, 5th and 6th August 2021. Based on an assessment of the evolving domestic and global macroeconomic and financial conditions and the outlook, the MPC voted unanimously to keep the policy repo rate unchanged at 4 per cent. The MPC a..

Posted in Community & General

RBI Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) August 4-6, 2021

Notification No#PR : 2021-2022/644 06 August 2021

Date : Aug 06, 2021 On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 6, 2021) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent..

Posted in Community & General

Guidelines for Implementation of the circular on Opening of Current Accounts by Banks

Notification No#RBI/2021-22/77 DOR.CRE.REC.35/21.04.048/2021-22 04 August 2021

RBI/2021-22/77 DOR.CRE.REC.35/21.04.048/2021-22 August 04, 2021 To, All Scheduled Commercial Banks All Payments Banks Madam / Dear Sir, Guidelines for Implementation of the circular on Opening of Current Accounts by Banks Please refer to circulars DOR.No.BP.BC/7/21.04.048/2..

Posted in Community & General

Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators

Notification No#RBI/2021-22/76 CO.DPSS.POLC.No.S-384/02.32.001/2021-2022 03 August 2021

RBI/2021-22/76 CO.DPSS.POLC.No.S-384/02.32.001/2021-2022 August 3, 2021 The Chairman / Managing Director / Chief Executive Officer All Non-Bank Payment System Operators Madam / Dear Sir, Framework for Outsourcing of Payment and Settlement-related Activities by Payment System Operators ..

Posted in Community & General