Page 54 - Banking Finance June 2020

RBI CIRCULAR

decided that Member Lending Institutions shall assign zero educate their users on safe and secure use of digital
percent risk weight on the credit facilities extended under payments.
this scheme to the extent of guarantee coverage. 4. Please acknowledge receipt.

(Saurav Sinha) (P. Vasudevan)
Chief General Manager-in-Charge Chief General Manager

Increasing Instances of Payment Frauds – Section 24 of the Banking Regulation

Enhancing Public Awareness Campaigns Act, 1949 – Maintenance of Statutory
Through Multiple Channels Liquidity Ratio (SLR) – Marginal Standing

RBI/2019-20/256 Facility (MSF)
June 22, 2020
RBI/2019-20/259
1. As you are aware, safety and security of digital June 26, 2020
transactions are of paramount importance. Reserve
Bank has been taking measures to improve awareness 1. Please refer to our circular DOR.No.Ret.BC.52/
through its e-BAAT programmes and organising 12.01.001/2019-20 dated March 27, 2020 on Marginal
campaigns on safe use of digital payment modes, to Standing Facility (MSF) Scheme.
avoid sharing critical personal information like PIN, OTP, 2. As announced in the Statement of Developmental and
passwords, etc. Regulatory Policies dated March 27, 2020, the borrowing
2. Inspite of these initiatives, incidence of frauds continue limit of scheduled banks under the MSF scheme, by
to bedevil digital users, often using the same modus dipping into the prescribed SLR, was increased from 2
operandi users were cautioned about, such as luring per cent to 3 per cent of their Net Demand and Time
them to disclose vital payment information, swapping Liabilities (NDTL) outstanding at the end of the second
sim cards, opening links received in messages and mails, preceding fortnight with immediate effect. This
etc. There are also cases of users being tricked into relaxation was available up to June 30, 2020.
downloading spurious apps that access critical 3. On a review, it has now been decided to extend this
information stored on devices. It is, therefore, essential enhanced limit till September 30, 2020.
that all payment systems operators and participants –
4. Banks may continue to access overnight funds under
banks and non-banks – continue and reinforce efforts
the MSF against their excess SLR holding as advised in
to spread awareness about digital safety.
our circular FMD.No.65/01.18.001/11-12 dated
3. All authorised payment systems operators and December 21, 2011.
participants are hereby advised to undertake targeted
multi-lingual campaigns by way of SMSs, (Dr. S K Kar)
advertisements in print and visual media, etc., to Chief General Manager

EXIM Bank to raise $2 bn this year

Export-Import Bank of India (India EXIM Bank) plans to raise $2 billion by end of CY20, for lending and managing
repayments. Managing Director David Rasquinha said the bank has enough resources to repay bonds ($500 million)
maturing in August. Further, it will tap the international market H2FY21 for raising additional funds to facilitate long-
term lending. India EXIM Bank, fully owned by the Union government, reported a 51 per cent rise in profit to Rs 124
crore for FY20. Its loan portfolio rose 6.23 per cent to Rs 99,446 crore in March 2020. Capital adequacy ratio improved
106 basis points (bps) to 20.13 per cent.

54 | 2020 | JUNE | BANKING FINANCE