Others Notification & Circulars

IFSCA - Guidelines for issuance of Certificate of Deposits- withdrawal

Notification No#F.No.110/IFSCA/Banking Regulation/2021-22/4 21 May 2021

International Financial Services Centres Authority F.No.110/IFSCA/Banking Regulation/2021-22/4 Date : May 21, 2021 To all Banking Units Dear Sir/Madam, Subject: Guidelines for issuance of Certificate of Deposits – Withdrawal Banking Units may please refer to IFSCA Circul..

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Relaxation in timeline for compliance with various payment system requirements

Notification No#RBI/2021-22/41 CO.DPSS.POLC.No.S-106/02-14-003/2021-2022 21 May 2021

RBI/2021-22/41 CO.DPSS.POLC.No.S-106/02-14-003/2021-2022 May 21, 2021 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks, including Regional Rural Banks / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks / Paym..

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Prepaid Payment Instruments (PPIs)

Notification No#RBI/2021-22/40 DPSS.CO.PD.No.S-99/02.14.006/2021-22 19 May 2021

Reserve Bank of India RBI/2021-22/40 DPSS.CO.PD.No.S-99/02.14.006/2021-22 May 19, 2021 All Bank and Non-Bank Prepaid Payment Instrument Issuers, System Providers and System Participants Madam / Dear Sir, Prepaid Payment Instruments (PPIs) - (i) Mandating Interoperability; (ii)..

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Banking Regulation Act, 1949 – Section 26A Depositor Education and Awareness Fund Scheme, 2014 – Interest rates payable on unclaimed interest bearing deposit

Notification No#RBI/2021-22/37 DoR.DEA.REC.No.16/30.01.002/2021-22 11 May 2021

Reserve Bank of India RBI/2021-22/37 DoR.DEA.REC.No.16/30.01.002/2021-22 May 11, 2021 The Managing Director & CEO/ Chief Executive Officers All Scheduled Commercial Banks (including RRBs) Local Area Banks (LABs) Urban Co-operative Banks / State Co-operative Banks / District Centra..

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RBI Amendment to the Master Direction (MD) on KYC

Notification No#RBI/2021-22/35 DOR.AML.REC.No.15/14.01.001/2021-22 10 May 2021

RBI/2021-22/35 DOR.AML.REC.No.15/14.01.001/2021-22 May 10, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Amendment to the Master Direction (MD) on KYC Please refer to the Master Direction (MD) on KYC dated February 25, 2016, as amended from time to time, i..

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Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934

Notification No#RBI/2021-22/33 DoR.RET.REC.14/12.07.150/2021-22 06 May 2021

Reserve Bank of India RBI/2021-22/33 DoR.RET.REC.14/12.07.150/2021-22 May 06, 2021 All Banks Madam/Sir Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the “Lakshmi Vilas Bank Ltd” has been..

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Credit to MSME Entrepreneurs

Notification No#RBI/2021-22/30 DoR.RET.REC.09/12.01.001/2021-22 05 May 2021

Reserve Bank of India RBI/2021-22/30 DoR.RET.REC.09/12.01.001/2021-22 May 05, 2021 All Scheduled Commercial Banks Madam/Sir Credit to MSME Entrepreneurs Please refer to our circular DOR.No.Ret.BC.37/12.01.001/2020-21 dated February 5, 2021, on captioned subject. 2. In term..

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Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance

Notification No#RBI/2021-22/29 DOR. AML.REC 13/14.01.001/2021-22 05 May 2021

Reserve Bank of India RBI/2021-22/29 DOR. AML.REC 13/14.01.001/2021-22 May 5, 2021 The Chairpersons/ CEOs of all the Regulated Entities Madam/Sir, Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance Please refer to Section 38 of the Master ..

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Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer

Notification No#RBI/2021-22/28 DOR.STR.REC.10/21.04.048/2021-22 05 May 2021

Reserve Bank of India RBI/2021-22/28 DOR.STR.REC.10/21.04.048/2021-22 May 5, 2021 All Scheduled Commercial Banks (Excluding Regional Rural Banks and Payments Banks) Dear Sir/ Madam, Utilisation of Floating Provisions/Counter Cyclical Provisioning Buffer Please refer to our c..

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Priority Sector Lending (PSL) - On-lending by Small Finance Banks (SFBs) to NBFC-MFIs

Notification No#RBI/2021-22/27 FIDD.CO.Plan.BC.No.10/04.09.01/2021-22 05 May 2021

Reserve Bank of India RBI/2021-22/27 FIDD.CO.Plan.BC.No.10/04.09.01/2021-22 May 5, 2021 The Chairman/ Managing Director Chief Executive Officer Small Finance Banks Dear Sir/Madam, Priority Sector Lending (PSL) - On-lending by Small Finance Banks (SFBs) to NBFC-MFIs As per extant..

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