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RBI Updates

RBI Update
RBI 1 February 2023
RBI Update: Safe Deposit Locker/Safe Custody Article Facility provided by banks dated 23rd January, 2023

Reserve Bank of India vide its Circular dated 23 rd January, 2023 referred to the RBI circular DOR.LEG.REC/40/09.07.005/2021-22 dated August 18, 2021 wherein banks were required to renew their locker agreements with exis…

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RBI Update
RBI 1 February 2023
RBI Update: Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Addition of 1 entry dated 17th January, 2023

Reserve Bank of India vide its Circular dated 17 th January, 2023, has referred to Section 51 of its Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10 , 2021, wherein it is mentioned tha…

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RBI Update
RBI 1 February 2023
RBI Update: Designation of two individuals and one organisation under Section 35(1) (a) and 2(1) (m) of the Unlawful Activities (Prevention) Act,1967 and their listing in the First and Fourth Schedule of the Act dated 17th January, 2023

Reserve Bank of India vide its Circular dated 17 th January, 2023, has referred to Section 53 of its Master Direction on Know Your Customer dated February 25, 2016 as amended on May 10, 2021 and has directed that the pro…

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RBI Update
RBI 1 February 2023
RBI Update: Master Direction – Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights in Banking Companies) Directions, 2023 dated 16th January, 2023

Reserve Bank of India vide its notification dated 16th January, 2023, has come up with this Master Direction with the purpose to ensure that the ultimate ownership and control of banking companies are well diversified an…

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RBI Update
RBI 1 February 2023
RBI Update: Formation of new district in the State of Sikkim – Assignment of Lead Bank Responsibility dated 13th January, 2023

Reserve Bank of India vide its Circular dated 13 th January, 2023 informed that the Government of Sikkim vide Gazette Notification No.50/LR&DMD/ACQ/GOS dated December 20, 2021 had notified formation of a new district in …

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RBI Update
RBI 1 February 2023
RBI Update: Formation of new district in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility dated 13th January, 2023

Reserve Bank of India vide its Circular dated 13 th January, 2023 has informed that the Government of Arunachal Pradesh vide Gazette Notification No.Law/Legn-15/2022 dated May 6, 2022 had notified formation of a new dist…

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RBI Update
RBI 1 February 2023
RBI Update: Operational Risk Management: Price / Yield range setting in e-Kuber dated 11th January, 2023

Reserve Bank of India vide its Circular dated 11 th January, 2023 has advised all market participants to utilise the ‘Price/ Yield range setting’ facility provided on the e-Kuber platform before placing bids in the prima…

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RBI Update
RBI 1 February 2023
RBI Update: Basel III Capital Regulations - Eligible Credit Rating Agencies dated 9 th January, 2023

Reserve Bank of India vide its Circular dated 9 th January, 2023 has referred to paragraph 6.1.2 of the Master Circular DOR.CAP.REC.3/21.06.201/2022-23 dated April 01, 2022 on Basel III Capital Regulations, wherein the l…

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RBI Update
RBI 13 January 2023
RBI Update: Formation of new district in the State of Sikkim – Assignment of Lead Bank Responsibility dated 13th January, 2023

Reserve Bank of India vide its Circular dated 13 th January, 2023 informed that the Government of Sikkim vide Gazette Notification No.50/LR&DMD/ACQ/GOS dated December 20, 2021 has notified formation of a new district in …

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RBI Update
RBI 13 January 2023
RBI Update: Formation of new district in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility dated 13th January, 2023

Reserve Bank of India vide its Circular dated 13 th January, 2023 has informed that the Government of Arunachal Pradesh vide Gazette Notification No.Law/Legn-15/2022 dated May 6, 2022 has notified formation of a new dist…

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