Page 49 - BF Cover February 2019

RBI CIRCULAR

RBI CIRCULAR

Kisan Credit Card (KCC) Scheme: Working Basel III Capital Regulations- Review of

Capital for Animal Husbandry and Fisheries transitional arrangements
Please refer to our Master Circular - Kisan Credit Card (KCC) Please refer to para 4.5 'Transitional Arrangements', para
Scheme issued vide FIDD.CO.FSD.BC.No.6/05.05.010/2018- 15.2.2 of Part D 'Capital Conservation Buffer Framework'
19 dated July 4, 2018. It has been decided to extend KCC and para 2.3 of Annex 16 of the Master Circular,
facility to Animal Husbandry farmers and Fisheries for their DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on
working capital requirements. The guidelines are given in 'Basel III Capital Regulations'.
the Annex.
It has been decided to defer the implementation of the last
Banks are advised to implement the Scheme as per the
tranche of 0.625% of Capital Conservation Buffer (CCB) from
guidelines.
March 31, 2019 to March 31, 2020. Accordingly, minimum
Chief General Manager capital conservation ratios in para 15.2.2 of Part D 'Capital
Conservation Buffer Framework' as applicable from March
31, 2018 will also apply from March 31, 2019 till the CCB
Interest Equalisation Scheme on Pre and attains the level of 2.5% on March 31, 2020.
Post Shipment Rupee Export Credit
Further, the pre-specified trigger for loss absorption through
Please refer to the operational instructions for the
conversion / write-down of Additional Tier 1 instruments
captioned scheme contained in RBI circular on Interest
(PNCPS and PDI) shall remain at 5.5% of RWAs and will rise
Equalisation Scheme on Pre and Post Shipment Rupee Export
to 6.125% of RWAs on March 31, 2020.
Credit issued vide DBR.Dir.BC.No.62/04.02.001/2015-16
dated December 4, 2015; DCBR.CO.SCB.Cir.No.1/ Chief General Manager-in-Charge
13.05.000/2015-16 dated February 11, 2016and January 10, 2019
DBR.Dir.BC.No.09/04.02.001/2018-19 dated November 29,
2018.
Gold Monetization Scheme, 2015
In this regard, it has been decided by the Government of
India to include merchant exporters also, w.e.f. January 2, In exercise of the powers conferred on the Reserve Bank
of India under Section 35A of the Banking Regulation Act,
2019, under the ongoing Interest Equalisation Scheme for
1949, the RBI makes the following amendments in the
Pre and Post Shipment Rupee Export Credit and allow them
Reserve Bank of India (Gold Monetization Scheme, 2015)
interest equalisation at the rate of 3% on credit for export
of products covered under 416 tariff lines identified under Master Direction No.DBR.IBD.No.45/23.67.003/2015-16
dated October 22, 2015, with immediate effect.
the Scheme.
Chief General Manager 1. The existing sub-paragraph 2.1.1 (iv) shall be amended
to read as follows:
January 11, 2019
"Persons eligible to make a deposit - Resident Indians

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