MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 29th May, 2017 S.O. 1702(E).–Whereas, the Finance Act, 2017 (7 of 2017) (hereinafter referred to as the said Act) received the assent of the President on 31st March, 2017; And whereas, second proviso to sub-section (1) of section 184 of the said Act provides that…

Timelines for Stressed Assets Resolution RBI/2016-17/299 DBR.BP.BC.No.67/21.04.048/2016-17 May 5, 2017 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Madam/Dear Sir, Timelines for Stressed Assets Resolution Please refer to the circular DBOD.BP.BC.No.97/21.04.132/2013-14 dated February 26, 2014 on “Framework for Revitalising Distressed Assets in the Economy…

National Electronic Funds Transfer (NEFT) system – Settlement at half-hourly intervals RBI/2016-17/300 DPSS (CO) EPPD No.2612/04.03.01/2016-17 May 08, 2017 The Chairman and Managing Director / Chief Executive Officer of member banks participating in NEFT Madam / Sir, National Electronic Funds Transfer (NEFT) system – Settlement at half-hourly intervals National Electronic Funds Transfer (NEFT) system presently…

Submission of Statutory returns (SLR-Form VIII) in XBRL platform RBI/2016-17/302 Ref: DBR.CO.No.Ret.BC/66/12.07.144/2016-17 May 11, 2017 The Chairperson All RRBs Madam/Dear Sir, Submission of Statutory returns (SLR-Form VIII) in XBRL platform It has been decided to move the reporting of SLR from PCRPCD to XBRL (Extensible Business Reporting Language) platform. You are therefore advised to submit…

Date : May 29, 2017 Liquidity Adjustment Facility: Fixed Rate Repo Operations The result of the RBI Fixed Rate Repo Operations held on May 29, 2017 is as under: Amount (face value in ₹ Billion) Items Overnight Repo Operations 6.25% Fixed Rate 1. Bids received   (i) Number 3 (ii) Amount 17.47 2. Bids accepted…

Date : May 29, 2017 Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations Amount (face value in ₹ Billion) Item 3 day Reverse Repo Auction 6.00% Fixed Rate 1. Bids received   (i) Number 87 (ii) Amount 466.66 2. Bids accepted   (i) Number 87 (ii) Amount 466.66 Ajit Prasad Assistant Adviser

Date : May 29, 2017 Money Market Operations as on May 26, 2017 (Amount in ₹ billion, Rate in Per cent) MONEY MARKETS @ Volume Wtd.Avg.Rate Range (One Leg) A. Overnight Segment (I+II+III+IV) 1,711.19 5.64 3.03-8.25      I. Call Money 159.61 6.03 3.55-6.25      II. CBLO 664.38 5.00 3.03-5.95      III. Market Repo 886.88 6.04 5.25-6.30      IV. Repo…

Date : May 29, 2017 RBI to conduct Overnight Variable Rate Reverse Repo Auction under LAF on May 29, 2017 The Reserve Bank of India will conduct an Overnight Variable rate Reverse Repo auction on May 29, 2017, Monday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Sl. No….

Date : May 29, 2017 RBI Reference Rate for US $ The Reserve Bank of India’s Reference Rate for the US Dollar is ₹ 64.5565 on May 29, 2017. The corresponding rate for the previous day (May 26, 2017) was ₹ 64.5945. Based on the reference rate for the US Dollar and the middle rates…

RBI/2016-17/306 DBR.No.BAPD.BC.69/22.01.001/2016-17 May 18, 2017 The Chairman and Managing Director/Chief Executive Officer All Domestic Scheduled Commercial Banks (Excluding Regional Rural Banks), Small Finance Banks, Payment Banks and Local Area Banks Madam/Dear Sir, Rationalisation of Branch Authorisation Policy- Revision of Guidelines Please refer to the paragraph 11 on ‘Banking Outlets – Final Guidelines’ (extract enclosed) of…

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