Press Releases - আৰবিআই - Reserve Bank of India
Press Releases
The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The National Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts-Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The National Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts-Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
পিডিএফ (The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The National Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts-Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an order dated August 14, 2023, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The National Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with the directions issued by RBI on ‘Maintenance of Deposit Accounts-Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an order dated August 30, 2023, a monetary penalty of ₹11.00 lakh (Rupees Eleven Lakh only) on HCBL Co-operative Bank Ltd., Lucknow, Uttar Pradesh (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to Directors, their Relatives, and Firms / Concerns in which they are Interested’ and specific directions issued by RBI under the Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021, and examination of the Inspection Report, Risk Assessment Report revealed, inter-alia, that the bank had (i) granted loans/advances to its director and their relatives and (ii) sanctioned fresh loans and advances to single borrowers in excess of 50% of applicable regularity limits and offered interest rates on deposits more than those offered by State Bank of India in violation of specific directions issued under SAF. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Shweta Sharma)
Deputy General Manager
Press Release: 2023-2024/955
The Reserve Bank of India (RBI) has imposed, by an order dated August 30, 2023, a monetary penalty of ₹11.00 lakh (Rupees Eleven Lakh only) on HCBL Co-operative Bank Ltd., Lucknow, Uttar Pradesh (the bank) for non-compliance with the directions issued by RBI on ‘Loans and Advances to Directors, their Relatives, and Firms / Concerns in which they are Interested’ and specific directions issued by RBI under the Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021, and examination of the Inspection Report, Risk Assessment Report revealed, inter-alia, that the bank had (i) granted loans/advances to its director and their relatives and (ii) sanctioned fresh loans and advances to single borrowers in excess of 50% of applicable regularity limits and offered interest rates on deposits more than those offered by State Bank of India in violation of specific directions issued under SAF. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions, as stated therein.
After considering the bank’s reply to the notice and oral submissions made by it during the personal hearing, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Shweta Sharma)
Deputy General Manager
Press Release: 2023-2024/955
The Reserve Bank of India (RBI) has imposed, by an order dated August 30, 2023, a monetary penalty of ₹6.00 lakh (Rupees Six Lakh only) on The Citizens’ Co-operative Bank Ltd., Jammu (the bank) for non-compliance with the specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’ and directions issued under ‘Exposure norms and Statutory/ Other Restrictions - UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021 and March 31, 2022, and examination of the Inspection Reports, Risk Assessment Reports revealed, inter alia, that the bank had (i) sanctioned fresh loans and advances and allowed cash credit facilities to be overdrawn in violation of specific directions issued under SAF, and (ii) breached prudential inter-bank (gross) exposure limit and inter-bank counterparty limit. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions, as stated therein.
After considering the bank’s reply to the notice, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Shweta Sharma)
Deputy General Manager
Press Release: 2023-2024/954
The Reserve Bank of India (RBI) has imposed, by an order dated August 30, 2023, a monetary penalty of ₹6.00 lakh (Rupees Six Lakh only) on The Citizens’ Co-operative Bank Ltd., Jammu (the bank) for non-compliance with the specific directions issued by RBI under ‘Supervisory Action Framework (SAF)’ and directions issued under ‘Exposure norms and Statutory/ Other Restrictions - UCBs’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank conducted by RBI with reference to its financial position as on March 31, 2021 and March 31, 2022, and examination of the Inspection Reports, Risk Assessment Reports revealed, inter alia, that the bank had (i) sanctioned fresh loans and advances and allowed cash credit facilities to be overdrawn in violation of specific directions issued under SAF, and (ii) breached prudential inter-bank (gross) exposure limit and inter-bank counterparty limit. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions, as stated therein.
After considering the bank’s reply to the notice, RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.
(Shweta Sharma)
Deputy General Manager
Press Release: 2023-2024/954
SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 09-Sep-2225-AUG-2023*08-SEP-2023*09-Sep-2225-AUG-2023*08-SEP-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.183335.64246284.1253485.01186364.23248463.22255863.66** b) Borrowings from banks41752.75199018.31188137.5441824.75199142.43188207.97 c) Other demand & time liabilities44678.468276.3270299.5245184.8168988.2871006.97
SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 09-Sep-2225-AUG-2023*08-SEP-2023*09-Sep-2225-AUG-2023*08-SEP-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.183335.64246284.1253485.01186364.23248463.22255863.66** b) Borrowings from banks41752.75199018.31188137.5441824.75199142.43188207.97 c) Other demand & time liabilities44678.468276.3270299.5245184.8168988.2871006.97
The result of the auction of State Government Securities held on September 21, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2036BIHAR 2031CHHATTISGARH 2030GOA 2033 Notified Amount100020001000100 Tenure138710 Competitive Bids Received (i) No.4724215 (ii) Amount572532902600325 Cut-off Yield (%)7.447.497.477.46 Competitive Bids Accepted (i) No.31572 (ii) Amount964.3571940.870939.98296.547 Partial Allotment Percentage of
The result of the auction of State Government Securities held on September 21, 2023 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2036BIHAR 2031CHHATTISGARH 2030GOA 2033 Notified Amount100020001000100 Tenure138710 Competitive Bids Received (i) No.4724215 (ii) Amount572532902600325 Cut-off Yield (%)7.447.497.477.46 Competitive Bids Accepted (i) No.31572 (ii) Amount964.3571940.870939.98296.547 Partial Allotment Percentage of
The Reserve Bank had introduced a scheme for handling wilful defaulters, effective from April 1, 1999. These guidelines were subsequently consolidated into the Master Circular on Wilful Defaulters, last updated on July 1, 2015. 2.The instructions on wilful defaulters have been revised after a review of the extant instructions and consideration of various judgments/ orders from the Hon’ble Supreme Court and Hon’ble High Courts, as well as representations
The Reserve Bank had introduced a scheme for handling wilful defaulters, effective from April 1, 1999. These guidelines were subsequently consolidated into the Master Circular on Wilful Defaulters, last updated on July 1, 2015. 2.The instructions on wilful defaulters have been revised after a review of the extant instructions and consideration of various judgments/ orders from the Hon’ble Supreme Court and Hon’ble High Courts, as well as representations
MONEY MARKETS@ Volume (One Leg)Weighted Average RateRange A.Overnight Segment (I+II+III+IV)514,470.156.775.00-7.80 I. Call Money7,402.616.765.00-6.95 II. Triparty Repo350,960.256.766.75-6.77 III. Market Repo155,907.296.816.00-6.95 IV. Repo in Corporate Bond200.007.246.75-7.80 B. Term Segment I. Notice Money**343.606.676.10-6.85 II. Term Money@@197.00-6.75-7.10 III. Triparty Repo0.00-- IV. Market Repo1,610.226.956.90-6.99
MONEY MARKETS@ Volume (One Leg)Weighted Average RateRange A.Overnight Segment (I+II+III+IV)514,470.156.775.00-7.80 I. Call Money7,402.616.765.00-6.95 II. Triparty Repo350,960.256.766.75-6.77 III. Market Repo155,907.296.816.00-6.95 IV. Repo in Corporate Bond200.007.246.75-7.80 B. Term Segment I. Notice Money**343.606.676.10-6.85 II. Term Money@@197.00-6.75-7.10 III. Triparty Repo0.00-- IV. Market Repo1,610.226.956.90-6.99
Continuing the outreach of the Reserve Bank of India (RBI) to the boards of banks, Shri Swaminathan J, Deputy Governor held a meeting with Heads of the Customer Service Committee of the Board, Managing Directors, Executive Directors in-charge of customer service verticals and Principal Nodal Officers of major banks on September 21, 2023 at Mumbai. The meeting was also attended by Executive Director and other senior officials of Consumer Education and Protection Department of RBI.
The Deputy Governor in his keynote address, while emphasizing the pivotal role that customer service plays in fostering trust and confidence in the financial system, stressed that the focus of the Top Management and Customer Service Committees of the Board should be on nurturing a customer-centric approach for continuing the trust of the customer in banking system. The Deputy Governor highlighted five key areas for the Regulated Entities to focus upon viz. (i) need for a customer centric approach, (ii) addressing the root cause of complaints, (iii) importance of resolution at first point of contact, (iv) responsible handling of complaints including equipping front-line staff with authority, tools and training and (v) combatting cybercrime. He also emphasized the importance of cultivating a culture of continuous improvement as ensuring quality of customer service is a journey and not a destination.
Discussions during the meeting revolved around approaches to address customer grievances promptly, streamlining grievance redressal mechanism, leveraging technology to enhance customer experiences, prevention of frauds and the loss mitigation, the need for creating more awareness and responsible policies to achieve excellence in customer service.
(Shweta Sharma)
Deputy General Manager
Press Release: 2023-2024/966
Continuing the outreach of the Reserve Bank of India (RBI) to the boards of banks, Shri Swaminathan J, Deputy Governor held a meeting with Heads of the Customer Service Committee of the Board, Managing Directors, Executive Directors in-charge of customer service verticals and Principal Nodal Officers of major banks on September 21, 2023 at Mumbai. The meeting was also attended by Executive Director and other senior officials of Consumer Education and Protection Department of RBI.
The Deputy Governor in his keynote address, while emphasizing the pivotal role that customer service plays in fostering trust and confidence in the financial system, stressed that the focus of the Top Management and Customer Service Committees of the Board should be on nurturing a customer-centric approach for continuing the trust of the customer in banking system. The Deputy Governor highlighted five key areas for the Regulated Entities to focus upon viz. (i) need for a customer centric approach, (ii) addressing the root cause of complaints, (iii) importance of resolution at first point of contact, (iv) responsible handling of complaints including equipping front-line staff with authority, tools and training and (v) combatting cybercrime. He also emphasized the importance of cultivating a culture of continuous improvement as ensuring quality of customer service is a journey and not a destination.
Discussions during the meeting revolved around approaches to address customer grievances promptly, streamlining grievance redressal mechanism, leveraging technology to enhance customer experiences, prevention of frauds and the loss mitigation, the need for creating more awareness and responsible policies to achieve excellence in customer service.
(Shweta Sharma)
Deputy General Manager
Press Release: 2023-2024/966
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 22, 2023. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction,
Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on September 22, 2023. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction,
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on September 22, 2023, Friday, as under: Sl. No. Notified Amount (₹ crore)Tenor (day) Window Timing Date of Reversal 150,0001410:30 AM to 11:00 AMOctober 06, 2023 (Friday
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on September 22, 2023, Friday, as under: Sl. No. Notified Amount (₹ crore)Tenor (day) Window Timing Date of Reversal 150,0001410:30 AM to 11:00 AMOctober 06, 2023 (Friday
Reserve Bank of India (RBI) is satisfied to notify The Ananthasayanam Co-operative Bank Ltd., Trivandrum as a non-banking institution under Section 36A(2) read with Section 56 of the Banking Regulation Act, 1949. Accordingly, RBI has cancelled the licence dated December 19, 1987, granted to The Ananthasayanam Co-operative Bank Ltd., Trivandrum, Kerala to carry on banking business in India under Section 22 read with Section 56 of the Banking Regulation Act,1949 with effect from the close of business on September 21, 2023. This makes it obligatory on the part of The Ananthasayanam Co-operative Bank Ltd., Trivandrum to stop conducting the business of ‘banking’ within the meaning of section 5(b) of the Act ibid, including acceptance of deposits from non-members with immediate effect. Further, The Ananthasayanam Co-operative Bank Ltd., Trivandrum shall ensure to repay unpaid and unclaimed deposits of non-members held by it, whenever demanded, even after being notified as non-banking Institution.
Reserve Bank of India (RBI) is satisfied to notify The Ananthasayanam Co-operative Bank Ltd., Trivandrum as a non-banking institution under Section 36A(2) read with Section 56 of the Banking Regulation Act, 1949. Accordingly, RBI has cancelled the licence dated December 19, 1987, granted to The Ananthasayanam Co-operative Bank Ltd., Trivandrum, Kerala to carry on banking business in India under Section 22 read with Section 56 of the Banking Regulation Act,1949 with effect from the close of business on September 21, 2023. This makes it obligatory on the part of The Ananthasayanam Co-operative Bank Ltd., Trivandrum to stop conducting the business of ‘banking’ within the meaning of section 5(b) of the Act ibid, including acceptance of deposits from non-members with immediate effect. Further, The Ananthasayanam Co-operative Bank Ltd., Trivandrum shall ensure to repay unpaid and unclaimed deposits of non-members held by it, whenever demanded, even after being notified as non-banking Institution.
The Reserve Bank has today released data on Money Supply for the fortnight ended September 08, 2023.Ajit Prasad Director (Communications) Press Release: 2023-2024/958
The Reserve Bank has today released data on Money Supply for the fortnight ended September 08, 2023.Ajit Prasad Director (Communications) Press Release: 2023-2024/958
Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Andhra Pradesh100010007.4413 2 Bihar200020007.498 3 Chhattisgarh100010007.477 4 Goa1001007.4610 5 Gujarat100010007.404 6 Haryana100010007.4510 100010007.4512 7 Jammu and Kashmir3733737.4130 8 Madhya Pradesh5005007.4412 500500100.30/7.4273Reissue of 7.46% Madhya Pradesh SGS 2039 issued on September 13, 2023
Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1 Andhra Pradesh100010007.4413 2 Bihar200020007.498 3 Chhattisgarh100010007.477 4 Goa1001007.4610 5 Gujarat100010007.404 6 Haryana100010007.4510 100010007.4512 7 Jammu and Kashmir3733737.4130 8 Madhya Pradesh5005007.4412 500500100.30/7.4273Reissue of 7.46% Madhya Pradesh SGS 2039 issued on September 13, 2023
The Reserve Bank has today released data on Reserve Money for the week ended September 15, 2023.
The Reserve Bank has today released data on Reserve Money for the week ended September 15, 2023.
Auction Results91 Days182 Days364 DaysI.Notified Amount₹10000 Crore₹8000 Crore₹6000 Crore II.Competitive Bids Received (i) Number241173176 (ii) Amount₹47506.755 Crore₹21528.5 Crore₹20035 Crore III.Cut-off price / Yield98.321596.604393.4225
Auction Results91 Days182 Days364 DaysI.Notified Amount₹10000 Crore₹8000 Crore₹6000 Crore II.Competitive Bids Received (i) Number241173176 (ii) Amount₹47506.755 Crore₹21528.5 Crore₹20035 Crore III.Cut-off price / Yield98.321596.604393.4225
T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3215 (YTM: 6.8474%) 96.6043 (YTM: 7.0494%)93.4225 (YTM: 7.0599%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore
T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3215 (YTM: 6.8474%) 96.6043 (YTM: 7.0494%)93.4225 (YTM: 7.0599%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore
T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3215 (YTM: 6.8474%) 96.6043 (YTM: 7.0494%)93.4225 (YTM: 7.0599%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore
T-Bill91 days182 days364 days II.Total Face Value Notified₹10,000 Crore₹8,000 Crore₹6,000 Crore III.Cut-off Price and Implicit Yield at Cut-Off Price98.3215 (YTM: 6.8474%) 96.6043 (YTM: 7.0494%)93.4225 (YTM: 7.0599%) IV.Total Face Value Accepted₹10,000 Crore₹8,000 Crore₹6,000 Crore
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)Weighted Average RateRangeA. Overnight Segment (I+II+III+IV)0.00-- I. Call Money0.00--II. Triparty Repo0.00-- III. Market Repo0.00-- IV. Repo in Corporate Bond0.00--
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg)Weighted Average RateRangeA. Overnight Segment (I+II+III+IV)0.00-- I. Call Money0.00--II. Triparty Repo0.00-- III. Market Repo0.00-- IV. Repo in Corporate Bond0.00--
The Reserve Bank of India (RBI) has imposed, by an Order dated August 22, 2023, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
The Reserve Bank of India (RBI) has imposed, by an Order dated August 22, 2023, a monetary penalty of ₹5.00 lakh (Rupees Five Lakh only) on Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat (the bank) for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) (c) read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.
ভাৰতীয় ৰিজাৰ্ভ বেংক মোবাইল এপ্পলিকেষ্যন ইনষ্টল কৰক আৰু নৱীনতম বাতৰিৰ প্ৰৱেশাধিকাৰ পাওক!
পৃষ্ঠাটো শেহতীয়া আপডেট কৰা তাৰিখ: জুলাই 18, 2024
