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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RBI Update: Exim Bank's Government of India supported Short - Term Line of Credit (STLoC) of USD 55 million to the Government of the Democratic Socialist Republic of Sri Lanka for procurement of urea fertilizer from India
Export-Import Bank of India (Exim Bank) has entered into an agreement dated June 10, 2022 with the Government of the Democratic Socialist Republic of Sri Lanka, for making available to the latter, Government of India sup…
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