Non-Banking Financial Companies
Sr.No. RBI Notifications
1 Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance
2 Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs)
3 Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) –
Marginal Standing Facility (MSF) - return to the normal dispensation
4 Appointment of Internal Ombudsman by Non-Banking Financial Companies
5 Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to
Advances – Clarifications
6 Integrated Ombudsman Scheme, 2021
7 Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs
8 Data Format for Furnishing of Credit Information to Credit Information Companies
9 Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility
10 Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning
pertaining to Advances
11 Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021
12 Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) –
Marginal Standing Facility (MSF) - Extension of Relaxation
13 Rating of Deposits of HFCs – Approved Credit Rating Agencies and Minimum Investment Grade
Credit Rating
14 Loans and Advances – Regulatory Restrictions
15 Master Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio
(SLR)] Directions – 2021
Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance
RBI/2021-22/144
DOR.AML.REC.74/14.01.001/2021-22
December 30, 2021
The Chairpersons/ CEOs of all the Regulated Entities
Madam/Dear Sir,
Periodic Updation of KYC – Restrictions on Account Operations for Non-compliance
Please refer to our circular DOR.AML.REC 13/14.01.001/2021-22 dated May 5, 2021, on the
captioned subject.
2. In view of the prevalent uncertainty due to new variant of Covid-19, the relaxation provided in the
aforementioned circular is hereby extended till March 31, 2022.
Yours faithfully,
(Prakash Baliarsingh)
Chief General Manager
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Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs)
RBI/2021-22/139
DoS.CO.PPG.SEC.7/11.01.005/2021-22
December 14, 2021
All Deposit Taking NBFCs
[Excluding Government Companies]
All Non-Deposit Taking NBFCs in Middle, Upper and Top Layers1
[Excluding – (i) NBFCs not accepting/not intending to accept public funds 2;
(ii) Government Companies, (iii) Primary Dealers and (iv) Housing Finance Companies]
Dear Sir / Madam,
Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs)
Reserve Bank of India had introduced a Prompt Corrective Action Framework (PCA) for Scheduled
Commercial Banks in 2002 and the same has been reviewed from time to time based on the
experience gained and developments in the banking system. The objective of the PCA Framework is
to enable Supervisory intervention at appropriate time and require the Supervised Entity to initiate
and implement remedial measures in a timely manner, so as to restore its financial health. The PCA
Framework is also intended to act as a tool for effective market discipline. The PCA Framework does
not preclude the Reserve Bank of India from taking any other action as it deems fit at any time in
addition to the corrective actions prescribed in the Framework.
2. NBFCs have been growing in size and have substantial interconnectedness with other segments of
the financial system. Accordingly, it has now been decided to put in place a PCA Framework for
NBFCs to further strengthen the supervisory tools applicable to NBFCs. The PCA Framework for
NBFCs, as contained in the enclosed Annex, comes into effect from October 1, 2022, based on the
financial position of NBFCs on or after March 31, 2022.
3. In terms of extant regulations, Government NBFCs have been provided time upto March 31, 2022
to adhere to the capital adequacy norms provided for NBFCs (Ref. Annex I of Non-Banking Financial
Company - Systemically Important Non-Deposit taking Company and Deposit taking Company
(Reserve Bank) Directions, 2016). Accordingly, a separate circular would be issued in due course with
regard to applicability of PCA Framework to Government NBFCs.
4. The PCA Framework will be reviewed after three years of being in operation.
Yours faithfully,
(Ajay Kumar Choudhary)
Chief General Manager-in-Charge
Enclosure: PCA Framework for NBFCs
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Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio
(SLR) – Marginal Standing Facility (MSF) - return to the normal dispensation
RBI/2021-22/138
DOR.RET.REC.73/12.01.001/2021-22
December 10, 2021
All Scheduled Banks
Madam/Sir,
Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio (SLR) –
Marginal Standing Facility (MSF) - return to the normal dispensation
Please refer to circular DOR.RET.REC.36/12.01.001/2021-22 dated August 09, 2021 and paragraph
15(i) of the Master Direction DOR.No.RET.REC.32/12.01.001/2021-22 dated July 20, 2021, on
Marginal Standing Facility (MSF), wherein the banks were allowed to avail of funds under the MSF by
dipping into the Statutory Liquidity Ratio (SLR) up to three per cent of their net demand and time
liabilities (NDTL) outstanding at the end of the second preceding fortnight. This facility, which was
initially available up to June 30, 2020, was later extended up to December 31, 2021 vide circular
DOR.RET.REC.36/12.01.001/2021-22 dated August 09, 2021.
2. As announced in the Governor’s Statement dated December 08, 2021, it is proposed to return to
the normal dispensation. Accordingly, banks will be able to dip into the Statutory Liquidity Ratio
(SLR) up to two percent of NDTL instead of three percent for overnight borrowing under the MSF
with effect from January 1, 2022.
Yours faithfully,
(Thomas Mathew)
Chief General Manager
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Appointment of Internal Ombudsman by Non-Banking Financial Companies
RBI/2021-2022/126
CO.CEPD.PRS.No.S874/13-01-008/2021-2022
November 15, 2021
The Chairman/Managing Director & CEO
a) NBFCs-D with 10 or more branches, and
b) NBFCs-ND with asset size of Rs 5,000 crore and above (excluding NBFCs given in para 3 of this
direction)
Madam/Dear Sir,
Appointment of Internal Ombudsman by Non-Banking Financial Companies
In exercise of the powers conferred by Section 45 (L) read with 45 (M) of the Reserve Bank of India
Act, 1934, Reserve Bank of India (RBI) being satisfied that it is in public interest and in the interest of
conduct of business relating to Non-Banking Financial Companies (NBFCs), directs NBFCs registered
with RBI under Section 45-IA of the RBI Act, 1934, fulfilling the criteria given below, to appoint an
Internal Ombudsman (IO).
2. NBFCs fulfilling the following criteria as on date would be required to appoint the IO:
a) Deposit-taking NBFCs (NBFCs-D) with 10 or more branches.
b) Non-Deposit taking NBFCs (NBFCs-ND) with asset size of Rs.5,000 crore and above and having
public customer interface.
3. The following types of NBFCs will be excluded from the applicability of this direction:
a. Stand-alone Primary Dealer;
b. Non-Banking Financial Company - Infrastructure Finance Company (NBFC-IFC);
c. Core Investment Company (CIC);
d. Infrastructure Debt Fund - Non-Banking Financial Company (IDF-NBFC);
e. Non-Banking Financial Company – Account Aggregator (NBFC-AA);
f. NBFC under Corporate Insolvency Resolution Process;
g. NBFC in liquidation;
h. NBFC having only captive customers.
The circular also covers aspects on Appointment of the IO; Tenure of the IO; Secretariat and Cost of
the IO; Roles and Responsibilities of IO; Board Oversight; Supervisory Oversight; Reporting to RBI etc.
These can be referred to in the link below:
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Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to
Advances – Clarifications
RBI/2021-2022/125
DOR.STR.REC.68/21.04.048/2021-22
November 12, 2021
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
excluding Payments Banks
All Primary (Urban) Co-operative Banks/State Co-operative Banks/District Central Co-operative
Banks
All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI)
All Non-Banking Financial Companies (including Housing Finance Companies)
Madam/Dear Sir,
Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to
Advances - Clarifications
Please refer to the Master Circular on Prudential norms on Income Recognition, Asset Classification
and Provisioning pertaining to Advances (IRACP norms) dated October 1, 2021. With a view to
ensuring uniformity in the implementation of IRACP norms across all lending institutions, certain
aspects of the extant regulatory guidelines are being clarified and/or harmonized, which will be
applicable mutatis mutandis to all lending institutions. Wherever references to circulars/instructions
applicable to banks have been made, other lending institutions may refer to instructions as
applicable to them. All the instructions in this circular cover aspects on:
A. Specification of due date/repayment date
B. Classification as Special Mention Account (SMA) and Non-Performing Asset (NPA)
C. Clarification regarding definition of ‘out of order’
D. NPA classification in case of interest payments
E. Upgradation of accounts classified as NPAs
F. Income recognition policy for loans with moratorium on payment of interest
G. Consumer Education
Details under each aspect may be referred from the below link
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Reserve Bank - Integrated Ombudsman Scheme, 2021
DEPUTY GOVERNOR
Reserve Bank of India
Mumbai
Reserve Bank - Integrated Ombudsman Scheme, 2021
NOTIFICATION
Ref. CEPD. PRD. No.S873/13.01.001/2021-22
November 12, 2021
In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949 (10 of 1949),
Section 45L of the Reserve Bank of India Act, 1934 (2 of 1934) and Section 18 of the Payment and
Settlement Systems Act, 2007 (51 of 2007), and in supersession of its Notifications Ref. (i) CEPD. PRS.
No. 6317/13.01.01/2016-17 dated June 16, 2017; (ii) CEPD. PRS. No. 3590/13.01.004/2017-18 dated
February 23, 2018; and (iii) CEPD. PRS. No. 3370/13.01.010/2018-19 dated January 31, 2019, the
Reserve Bank of India, being satisfied that it is in public interest to do so, and to make the alternate
dispute redress mechanism simpler and more responsive to the customers of entities regulated by it,
hereby integrates the three Ombudsman schemes – (i) the Banking Ombudsman Scheme, 2006, as
amended up to July 01, 2017; (ii) the Ombudsman Scheme for Non-Banking Financial Companies,
2018; and (iii) the Ombudsman Scheme for Digital Transactions, 2019 into the Reserve Bank -
Integrated Ombudsman Scheme, 2021 (the Scheme).
2. The Scheme covers the following regulated entities:
i. all Commercial Banks, Regional Rural Banks, Scheduled Primary (Urban) Co-operative Banks
and Non-Scheduled Primary (Urban) Co-operative Banks with deposits size of Rupees 50
crore and above as on the date of the audited balance sheet of the previous financial year;
ii. all Non-Banking Financial Companies (excluding Housing Finance Companies) which (a) are
authorised to accept deposits; or (b) have customer interface, with an assets size of Rupees
100 crore and above as on the date of the audited balance sheet of the previous financial
year;
iii. all System Participants as defined under the Scheme.
3. The regulated entities shall comply with the Scheme from the date of its implementation.
4. The format for filing a complaint under the Scheme is annexed.
5. The Scheme shall come into force from November 12, 2021.
(M. K. Jain)
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Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs
RBI/2021-22/112
DOR.CRE.REC.No.60/03.10.001/2021-22
October 22, 2021
All Non-Banking Financial Companies
Madam / Sir,
Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs
The contribution of NBFCs towards supporting real economic activity and their role as a
supplemental channel of credit intermediation alongside banks is well recognised. Over the years,
the sector has undergone considerable evolution in terms of size, complexity, and
interconnectedness within the financial sector. Many entities have grown and become systemically
significant and hence there is a need to align the regulatory framework for NBFCs keeping in view
their changing risk profile.
2. Pursuant to the announcement made in the Statement on Developmental and Regulatory Policies
dated December 04, 2020, a discussion paper titled ‘Revised Regulatory Framework for NBFCs - A
Scale-based Approach’ was issued for public comments on January 22, 2021. Based on the inputs
received, it has now been decided to put in place a revised regulatory framework for NBFCs (Annex).
3. As the SBR framework encompasses different facets of regulation of NBFCs covering capital
requirements, governance standards, prudential regulation, etc., it has been decided to first issue an
integrated regulatory framework for NBFCs under SBR providing a holistic view of the SBR structure,
set of fresh regulations being introduced and respective timelines. Detailed guidelines as delineated
in the Annex, will be issued subsequently.
4. These guidelines shall be effective from October 01, 2022. The instructions relating to ceiling on
IPO funding given vide para 3.1(d) of the Annex shall come into effect from April 01, 2022.
Yours faithfully,
(Manoranjan Mishra)
Chief General Manager
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Data Format for Furnishing of Credit Information to Credit Information Companies
RBI/2021-22/111
DoR.FIN.REC.59/20.16.056/2021-22
October 14, 2021
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative
Banks
All-India Financial Institutions (Exim Bank, NABARD, NHB and SIDBI)
All Non-Banking Financial Companies (including Housing Finance Companies)
All Credit Information Companies
Madam/Dear Sir,
Data Format for Furnishing of Credit Information to Credit Information Companies
Please refer to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014, inter alia
setting out a Uniform Credit Reporting Format for reporting credit information to the Credit
Information Companies (CICs). The Uniform Credit Reporting Format has two Annexes, Annex-I
contains two formats for credit reporting, viz., Consumer Bureau and Commercial Bureau, whereas
Annex-II contains credit reporting format for Micro Finance Institution (MFI) segment.
2. The Relationship Segment (RS) in the Commercial Bureau format inter alia captures information
on relationship fields of the corporates, viz., business category and type of relationship (i.e. contains
information on directors, shareholders, proprietors, partners, trustees, holding companies,
subsidiary companies and associated companies related to the borrower). It is observed that there is
a low level of RS details in the databases of CICs.
3. The RS details are very important in establishing cross-linkages across the three modules, viz.,
Consumer, Commercial and MFI Bureaus, while providing comprehensive credit information of a
borrower to Credit Institutions (CIs) by CICs. Accordingly, it has now been decided that the reporting
of RS data by CIs to CICs would henceforth be mandatory. In order to ensure implementation in a
non-disruptive manner, the reporting requirement may be staggered in the manner indicated below.
(i) The reporting would be mandatory in respect of new loan accounts opened after July 1, 2022.
(ii) A phased approach shall be followed for reporting of legacy data as detailed below:
a. The accounts opened during the period (July 1, 2021 to June 30, 2022) have to be updated
by January 1, 2023.
b. The accounts opened in past three years (July 1, 2018 to June 30, 2021) have to be updated
by July 1, 2023.
c. A timeline for reporting of the remainder legacy data would be reviewed by the Technical
Working Group and the CIs would be advised in due course.
4. The CIs are advised to commence reporting the aforesaid information as per the prescribed
timelines to CICs.
Yours faithfully
(Sunil T S Nair)
Chief General Manager
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Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility
RBI/2021-22/110
FIDD.CO.Plan.BC.No.15/04.09.01/2021-22
October 8, 2021
The Chairman/ Managing Director
Chief Executive Officer
All Scheduled Commercial Banks
(Excluding Regional Rural Banks, Small Finance Banks, Urban Co-operative Banks and Local Area
Banks)
Dear Sir/Madam,
Priority Sector Lending- Banks’ lending to NBFCs for on-lending – Extension of facility
Please refer to para 22 of Master Directions (MD) on PSL dated September 04, 2020 (updated as on
June 11, 2021) wherein the facility of bank lending to NBFCs (other than MFIs) for on-lending was
allowed to be classified as PSL up to September 30, 2021.
2. As announced in the ‘Statement on Developmental and Regulatory Policies’ dated October 8,
2021, the facility has been extended till March 31, 2022 keeping in view the increased traction
observed in delivering credit to the underserved/unserved segments of the economy. Loans
disbursed under the on-lending model will continue to be classified under Priority Sector till the date
of repayment/maturity whichever is earlier. Further, bank loans to HFCs for on-lending for the
purpose of housing, as prescribed in para 23 of our MD on PSL dated September 4, 2020, will
continue as hitherto.
3. All other guidelines as issued vide MD on PSL ibid will continue to apply.
Yours faithfully,
(Sonali Sen Gupta)
Chief General Manager-in-Charge
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Master Circular - Prudential norms on Income Recognition, Asset Classification and
Provisioning pertaining to Advances
RBI/2021-2022/104
DOR.No.STR.REC.55/21.04.048/2021-22
October 1, 2021
All Commercial Banks (excluding RRBs)
Madam/Dear Sir
Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning
pertaining to Advances
Please refer to the Master Circular No. DBR.No.BP.BC.2/21.04.048/2015-16 dated July 1,
2015 consolidating instructions / guidelines issued to banks till June 30, 2015 on matters relating to
prudential norms on income recognition, asset classification and provisioning pertaining to
advances.
2. This Master Circular consolidates instructions on the above matters issued as on date. A list of
circulars consolidated in this Master Circular is contained in the Annex 6.
Yours faithfully
(Manoranjan Mishra)
Chief General Manager
Encl.: As above
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Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021
RBI/DOR/2021-22/86
DOR.STR.REC.51/21.04.048/2021-22
September 24, 2021
All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative
Banks
All All-India Financial Institutions
All Non-Banking Financial Companies (including Housing Finance Companies)
Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021
Please refer to the Draft Comprehensive Framework for Sale of Loan Exposures that was released
on June 8, 2020 for comments from various stakeholders.
2. Based on the examination of the comments received, the Reserve Bank has issued the Master
Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021, which are enclosed.
These directions have been issued in exercise of the powers conferred by the Sections 21 and 35A of
the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949; Chapter
IIIB of the Reserve Bank of India Act, 1934; and Sections 30A, 32 and 33 of the National Housing Bank
Act, 1987.
3. These directions come into immediate effect replacing the existing instructions on the matter of
sale / transfer of loan exposures. All lending institutions are advised to take necessary steps to
ensure compliance with these directions.
Yours faithfully,
(Manoranjan Mishra)
Chief General Manager
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Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity Ratio
(SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation
RBI/2021-22/82
DOR.RET.REC.36/12.01.001/2021-22
August 09, 2021
All Scheduled Banks
Madam/Sir
Section 24 of the Banking Regulation Act, 1949 – Maintenance of Statutory Liquidity
Ratio (SLR) – Marginal Standing Facility (MSF) - Extension of Relaxation
Please refer to circular DOR.No.Ret.BC.36/12.01.001/2020-21 dated February 05, 2021, on Marginal
Standing Facility (MSF), wherein the banks were allowed to avail of funds under the MSF by dipping
into the Statutory Liquidity Ratio (SLR) up to an additional one per cent of their net demand and time
liabilities (NDTL), i.e., cumulatively up to three per cent of NDTL. This facility, which was initially
available up to June 30, 2020, was later extended in phases up to September 30, 2021, providing
comfort to banks on their liquidity requirements and also to enable them to meet their Liquidity
Coverage Ratio (LCR) requirements.
2. As announced in the Statement on Developmental and Regulatory Policies of August 06, 2021,
with a view to providing comfort to banks on their liquidity requirements, banks are allowed to
continue with the MSF relaxation for a further period of three months, i.e., up to December 31,
2021.
Yours faithfully
(Thomas Mathew)
Chief General Manager
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Rating of Deposits of HFCs – Approved Credit Rating Agencies and Minimum Investment Grade
Credit Rating
RBI/2021-22/74
DOR.FIN.REC.No.34/03.10.136/2021-22
July 29, 2021
All deposit taking Housing Finance Companies (HFCs)
Madam/ Dear Sir,
Rating of Deposits of HFCs – Approved Credit Rating Agencies and Minimum Investment Grade
Credit Rating
A reference is invited to Para 25.2 of Master Direction – Non-Banking Financial Company – Housing
Finance Company (Reserve Bank) Directions, 2021, wherein the names of five approved credit rating
agencies and their minimum investment grade credit rating for the purpose of accepting public
deposits have been listed.
2. On a review, it has been decided to align the aforesaid provisions for HFCs with provisions on the
subject prescribed for NBFCs which are contained in Para 9 of Master Direction - Non-Banking
Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016. Accordingly, the
names of credit rating agencies and their minimum investment grade ratings for the purpose of
accepting public deposits by HFCs are listed in the Annex.
3. The Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve
Bank) Directions, 2021 is being modified accordingly.
Yours faithfully,
(J.P. Sharma)
Chief General Manager
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Loans and Advances – Regulatory Restrictions
RBI/2021-22/72
DOR.CRE.REC.No.33/13.03.00/2021-22
July 23, 2021
All Scheduled Commercial Banks (excluding RRBs)
All Small Finance Banks
All Local Area Banks
Madam / Dear Sir,
Loans and Advances – Regulatory Restrictions
Please refer to paragraphs 2.2.1.2, 2.2.1.4 and paragraph 2.2.1.5 of Master Circular on Loans and
Advances - Statutory and Other Restrictions dated July 01, 2015.
2. On a review, it has been decided that
i) For personal loans granted to any director of other banks, the threshold of Rupees twenty-five
lakh, as mentioned in para 2.2.1.2, stands revised to Rupees five crore.
ii) Paragraph 2.2.1.4 has been revised as under –
Unless sanctioned by the Board of Directors/Management Committee, banks should not grant loans
and advances aggregating Rupees five crore and above to -
(a) any relative other than spouse (spouse as specified in para 2.2.1.3 above) and minor / dependent
children of their own Chairmen/Managing Directors or other Directors;
(b) any relative other than spouse (spouse as specified in para 2.2.1.3 above) and minor / dependent
children of the Chairman/Managing Director or other directors of other banks*;
(c) any firm in which any of the relatives other than spouse (spouse as specified in para 2.2.1.3
above) and minor / dependent children as mentioned in (a) & (b) above is interested as a partner or
guarantor; and
(d) any company in which any of the relatives other than spouse (spouse as specified in para 2.2.1.3
above) and minor / dependent children as mentioned in (a) & (b) above is interested as a major
shareholder or as a director or as a guarantor or is in control.
Provided that a relative of a director shall also be deemed to be interested in a company, being the
subsidiary or holding company, if he/she is a major shareholder or is in control of the respective
holding or subsidiary company.
*including directors of Scheduled Co-operative Banks, directors of subsidiaries/trustees of mutual
funds/venture capital funds.
iii) Paragraph 2.2.1.5 has been revised as under -
The proposals for credit facilities of an amount less than Rupees twenty-five lakh or Rupees five
crores (as the case may be) to these borrowers may be sanctioned by the appropriate authority in
the financing bank under powers vested in such authority, but the matter should be reported to the
Board.
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Master Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity
Ratio (SLR)] Directions – 2021
RBI/DOR/2021-22/80
DOR.No.RET.REC.32/12.01.001/2021-22
July 20, 2021
Master Direction - Reserve Bank of India
[Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021
In exercise of the powers conferred by Section 35 A of the Banking Regulation Act, 1949 and
pursuant to Section 42 of the Reserve Bank of India Act, 1934 and Sections 18, 24 and 56 of the
Banking Regulation Act, 1949 as amended from time to time, the Reserve Bank of India being
satisfied that it is necessary and expedient in the public interest so to do, hereby, issues the
Directions hereinafter specified.
The direction details on the following:
CHAPTER – I - PRELIMINARY
CHAPTER – II - APPLICABILITY
CHAPTER – III - DEFINITIONS
CHAPTER – IV - CASH RESERVE RATIO (CRR)
CHAPTER – V - STATUTORY LIQUIDITY RATIO (SLR)
CHAPTER – VI - PROCEDURE FOR COMPUTATION OF SLR
CHAPTER – VII REPORTING - FORTNIGHTLY CRR RETURN IN FORM A / FORM B/ FORM I
CHAPTER – VIII - PENALTIES
CHAPTER – IX - REPEAL AND OTHER PROVISIONS
Details under each of the above chapters can be read from the below link
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