RBI Update : Standing Liquidity Facility for Primary Dealers
It has been decided by the Monetary Policy Committee (MPC) to increase the policy repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.90 per cent to 5.40 per cent with immediate effect. …
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RBI Update : Liquidity Adjustment Facility- Change in rates
It has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 4.90 per cent to 5.40 per cent with immediate effect. …
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RBI Update : Gold Monetization Scheme (GMS), 2015
The powers conferred on the Reserve Bank of India under Section 35A of the Banking Regulation Act, 1949, the RBI makes the amendments in the Reserve Bank of India (Gold Monetization Scheme, 2015) Master Direction dated O…
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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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