Master Directions

The Reserve Bank of India has started issuing Master Directions on all regulatory matters beginning January 2016. The Master Directions consolidate instructions on rules and regulations framed by the Reserve Bank under various Acts including banking issues and foreign exchange transactions. The process of issuing Master Directions involves issuing one Master Direction for each subject matter covering all instructions on that subject. Any change in the rules, regulation or policy is communicated during the year by way of circulars/press releases. The Master Directions will be updated suitably and simultaneously whenever there is a change in the rules/regulations or there is a change in the policy. All the changes will get reflected in the Master Directions available on the RBI website along with the dates on which changes are made. Explanations of rules and regulations will be issued by way of Frequently Asked Questions (FAQs) after issue of the Master Directions in easy to understand language wherever necessary. The existing set of Master Circulars issued on various subjects will stand withdrawn with the issue of the Master Direction on the subject.

Commercial Banking
Oct 26, 2021
Master Direction – Prudential Norms on Capital Adequacy for Local Area Banks (Directions), 2021PDF document 1739 kb
Sep 24, 2021
Master Direction – Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021PDF document 731 kb
Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021PDF document 467 kb
Aug 30, 2021
Master Direction on Financial Statements - Presentation and Disclosures (Updated as on November 15, 2021)PDF document 2551 kb
Aug 25, 2021
Master Direction - Classification, Valuation and Operation of Investment Portfolio of Commercial Banks (Directions), 2021PDF document 569 kb
Jul 20, 2021
Master Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021PDF document 2041 kb
Feb 18, 2021
Master Direction on Digital Payment Security ControlsPDF document 261 kb
Aug 02, 2019
Master Direction - Reserve Bank of India (‘Fit and Proper’ Criteria for Elected Directors on the Boards of PSBs) Directions, 2019 (Updated as on June 03, 2020)PDF document 258 kb
May 29, 2019
Master Direction - Know Your Customer (KYC) Direction, 2016 (Updated as on May 10, 2021)PDF document 646 kb
Jul 01, 2016
Master Directions on Frauds – Classification and Reporting by commercial banks and select FIs (Updated as on July 03, 2017)PDF document 232 kb
Jun 23, 2016
Master Direction - Reserve Bank of India (Financial Statements of All India Financial Institutions - Presentation, Disclosure and Reporting) Directions, 2016PDF document 447 kb
May 26, 2016
Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 (Updated as on August 10, 2021)PDF document 283 kb
May 12, 2016
Master Direction – Ownership in Private Sector Banks, Directions, 2016PDF document 72 kb
Apr 21, 2016
Master Direction – Amalgamation of Private Sector Banks, Directions, 2016PDF document 65 kb
Master Direction - Issue and Pricing of shares by Private Sector Banks, Directions, 2016PDF document 54 kb
Mar 03, 2016
Master Direction - Reserve Bank of India (Interest Rate on Advances) Directions, 2016 (Updated as on June 10, 2021)PDF document 410 kb
Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 (Updated as on November 11, 2021)PDF document 298 kb
Nov 19, 2015
Prior Approval for acquisition of shares or voting rights in Private Sector Banks: Directions, 2015PDF document 116 kb
Oct 22, 2015
Gold Monetization Scheme, 2015 (Updated as on October 28, 2021)PDF document 383 kb


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