RBI Update: Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs)
The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs). Role of Banks Bank staff may help t…
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RBI Update: External Commercial Borrowings (ECB) Policy – Liberalisation Measures
It has been decided, in consultation with the Central Government, to: i) increase the automatic route limit from USD 750 million or equivalent to USD 1.5 billion or equivalent. ii) increase the all-in-cost ceil…
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RBI Update: Master Circular on Credit Facilities to Minority Communities
The Reserve Bank of India periodically issues guidelines/instructions/directives to banks with regard to providing credit facilities to Minority Communities. RBI has Advised Banks to ensure smooth flow of bank credit to …
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RBI Update : Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]
“Guidelines on Regulation of Payment Aggregators and Payment Gateways”, circular dated September 07, 2021 on “Tokenisation – Card Transactions: Permitting Card-on-File Tokenisation (CoFT) Services” and, circulars dated D…
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RBI Updates: Board approved Loan Policy – Management of Advances - UCBs
In several UCBs that these policies not only lack comprehensive coverage, but also do not require a periodic review. In order to ensure that the loan policy reflects approved internal risk appetite and remains in alignme…
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RBI Update : Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
The Master Circular dated April 01, 2021 on Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM). The Master Circular consolidates and updates all the instructions/guidelines on the subject iss…
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RBI Update : Asian Clearing Union (ACU) Mechanism – Indo-Sri Lanka trade
Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Regulations 3 and 5 of Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 in terms of which export / import trans…
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RBI Update : Overseas foreign currency borrowings of Authorised Dealer Category-I banks
Authorised Dealer Category-I (AD Cat-I) banks is invited to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 [Notification dated December 17, 2018] and Master Direction - Risk Management and Inte…
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RBI Update : Investment by Foreign Portfolio Investors (FPI) in Debt - Relaxations
Authorised Dealer Category-I (AD Category-I) banks is invited to paragraph 3 of the press release on “Liberalisation of Forex Flows” dated July 06, 2022 regarding relaxations in the regulatory regime under the Medium-Ter…
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RBI Update: Fully Accessible Route’ for Investment by Non-residents in Government Securities – Additional specified securities
It has been decided to designate the two securities listed in the following Table as well as all new issuances of Government securities of 7-year and 14-year tenors as ‘specified securities’ under the FAR. Accordingly, t…
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