Date : Jun 13, 2017 In continuation of issuing of ₹ 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter “A” in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank of India;… Read More »
RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC) The Reserve Bank of India had issued a Press Release on May 22, 2017 outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. The Press Release had mentioned inter alia… Read More »
RBI/2016-17/321 DBR.No.BP.BC.74/21.06.009/2016-17 June 13, 2017 The Chairman / CMD / MD / CEO All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam/Dear Sir, Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF) – Eligible Credit Rating Agencies – INFOMERICS Valuation and Rating Pvt Ltd. (INFOMERICS) Please refer… Read More »
Master Direction – Information Technology Framework for the NBFC Sector RBI/DNBS/2016-17/53 Master Direction DNBS.PPD.No.04/66.15.001/2016-17 June 08, 2017 Master Direction – Information Technology Framework for the NBFC Sector In exercise of the powers conferred in terms of clause (b) of sub-section (1) of 45-L of the Reserve Bank of India Act, 1934 (Act 2 of 1934),… Read More »
RBI/2016-17/320 FIDD.CO.LBS.BC.No 31/02.01.001/2016-17 June 8, 2017 The Chairman and Managing Director/ Chief Executive Officer SLBC Convenor Banks Dear Sir, Aligning roadmap for unbanked villages having population more than 5000 with revised guidelines on Branch Authorisation Policy Please refer to the circular FIDD.CO.LBS.BC.No.82/02.01.001/2015-16 dated December 31, 2015 wherein SLBCs were advised to identify villages with population… Read More »
Recording of PPO Number in the passbook of Pensioners / Family Pensioners RBI/2016-17/319 DGBA.GBD.No.3235/45.01.001/2016-17 June 8, 2017 All Agency Banks Dear Sir / Madam Recording of PPO Number in the passbook of Pensioners / Family Pensioners As you are aware, it has been decided to record the PPO number in all the pension passbooks of… Read More »
RBI/2016-17/314 FMRD.FMID No.14/11.01.007/2016-17 June 01, 2017 To All eligible participants in the OTC derivatives markets Dear Sir/Madam Introduction of Legal Entity Identifier for OTC derivatives markets The Legal Entity Identifier (LEI) code has been conceived of as a key measure to improve the quality and accuracy of financial data systems for better risk management post… Read More »
Submission of Annual Information Return relating to issue of Bonds for Rs 5 lakh or more under Section 285 BA of Income Tax Act, 1961 – Change thereof RBI/2016-17/313 IDMD.CDD.No.3058/13.01.299/2016-17 May 30, 2017 The Chairman/ Managing Director State Bank of India/Associate Banks/ 17 Nationalised Banks/ Axis Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI… Read More »
Reserve Bank of India Outlines the action plan to implement the Banking Regulation (Amendment) Ordinance, 2017 Date : May 22, 2017 In a Release today, the Reserve Bank of India outlined the steps taken and those on the anvil post the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. 2. The amendments to the BR… Read More »
Minimum qualifications and experience for CFO and CTO RBI/2016-17/304 DBR.Appt.No.BC.68/29.67.001/2016-17 May 18, 2017 All Scheduled Commercial Banks (excluding RRBs) Madam/ Dear Sir, Minimum qualifications and experience for CFO and CTO Rapid innovations in banking and technology call for better risk governance in the areas of finance and technology. A Chief Financial Officer (CFO) and Chief… Read More »