RBI/2016-17/27 FIDD.CO.Plan.BC.No.8/04.09.001/2016-17 July 28, 2016 The Chairman/ Managing Director/ Chief Executive Officer [All Scheduled Commercial Banks (excluding RRBs)] Dear Sir/ Madam, Priority Sector Lending –Targets and Classification- Bank loans to MFIs for on-lending – Qualifying asset – Revised loan limit Please refer to paragraph 19 (b) (iv) of the Master Direction on Priority Sector Lending… Read More »
RBI Imposes Monetary Penalty on UCO Bank Date : Jul 28, 2016 The Reserve Bank of India has imposed a monetary penalty of ₹ 10 Million on UCO Bank for contravention of its instructions relating to opening of current account and providing bill discounting facilities to account holders without having any borrowing facility with the… Read More »
The Reserve Bank of India has imposed monetary penalty on the following banks for violation of regulatory directions / instructions / guidelines, among other things, on KYC norms. The details of the penalty are: S. No. Name of the bank Penalty Amount (in ₹ million) 1. Allahabad Bank 20 2. Bank of India 10 3.… Read More »
RBI/FIDD/2016-17/37 Master Direction FIDD.MSME & NFS.3/06.02.31/2016-17 July 21, 2016 The Chairman/Managing Director/Chief Executive Officer All Scheduled Commercial Banks (excluding Regional Rural Banks) Dear Sir / Madam Master Direction – Lending to Micro, Small & Medium Enterprises (MSME) Sector As you are aware, the Reserve Bank of India has, from time to time, issued a number… Read More »
RBI/2016-17/24 DCBR.BPD (RCB).BC.No. 02/19.51.025/2016-17 Ashadha 30, 1938 July 21, 2016 All State Co-operative Banks/ Central Cooperative Banks Dear Sir / Madam, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Uttarakhand State Cooperative Bank Ltd., Haldwani We advise that the name of “Uttarakhand State Cooperative Bank Ltd., Haldwani” has been… Read More »
RBI/2016-17/25 DBR.BP.BC.No.2/21.04.098/2016-17 July 21, 2016 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards Please refer to our circulars DBOD.BP.BC.No.120/21.04.098/2013-14 dated June 9, 2014, DBR.BP.BC.No.52/21.04.098/2014-15 dated November 28, 2014 andDBR.BP.BC.No.77/21.04.098/2015-16 dated February 11, 2016 on ‘Basel III… Read More »
RBI/DCM/2016-17/36 Master Direction DCM (CC) No.G-4/03.41.01/2016-17 July 20, 2016 The Chairman and Managing Director / Chief Executive Officers, All Banks Madam / Dear Sir, Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public In terms of the Preamble and under Section 45 of… Read More »
RBI/DCM/2016-17/35 Master Direction DCM(CC) No.G -2/03.35.01/2016-17 July 20, 2016 1. The Chairman & Managing Director/Chief Executive Officer (All Banks having Currency Chests) 2. The Director of Treasuries (State Governments) Dear Sir/Madam Master Direction on Levy of Penal Interest for Delayed Reporting/Wrong Reporting/Non-Reporting of Currency Chest Transactions and Inclusion of Ineligible Amounts in Currency Chest Balances… Read More »
RBI/2016-17/23 DCM (CC) No.G-3/03.44.01/2016 – 17 July 20, 2016 The Chairman & Managing Director Chief Executive Officers All Banks Madam / Dear Sir, Master Circular –Scheme of Penalties for bank branches based on performance in rendering customer service to the members of public Please refer to the Circular DCM (CC) No.G-10/03.41.01/2015-16 dated May 05, 2016… Read More »
RBI/2016-17/22 DCM (FNVD) G–6/16.01.05/2016-17 July 20, 2016 The Chairman / Managing Director, Commercial Banks, Cooperative Banks, RRBs, Private Banks, Foreign Banks and Director of Treasuries of all States Dear Sir / Madam, Master Circular – Detection and Impounding of Counterfeit Notes Please refer to the Master Circular DCM (FNVD) No.G-4/16.01.05/2015-16 dated July 1, 2015 (updated… Read More »