Press Releases - Regulating Commercial Banking - আৰবিআই - Reserve Bank of India
প্ৰেছ ৰিলিজ
SBI, HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs). While ICICI Bank continues to be in the same bucketing structure as last year, SBI and HDFC Bank move to higher buckets – SBI shifts from bucket 3 to bucket 4 and HDFC Bank shifts from bucket 1 to bucket 2. For SBI and HDFC Bank, the higher D-SIB buffer requirements on account of the bucket increase will be effective from April 1, 2025. The additional Common Equity Tier 1 (CET1) requirement will be in addition to the capital conservation buffer.
SBI, HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs). While ICICI Bank continues to be in the same bucketing structure as last year, SBI and HDFC Bank move to higher buckets – SBI shifts from bucket 3 to bucket 4 and HDFC Bank shifts from bucket 1 to bucket 2. For SBI and HDFC Bank, the higher D-SIB buffer requirements on account of the bucket increase will be effective from April 1, 2025. The additional Common Equity Tier 1 (CET1) requirement will be in addition to the capital conservation buffer.
পিডিএফ (The Reserve Bank had issued the framework for dealing with Domestic Systemically Important Banks (D-SIBs) on July 22, 2014. In terms of this framework, the Bank is required to identify and disclose the names of banks designated as D-SIBs annually. Further, in terms of the framework, the assessment methodology, for assessing the systemic importance of banks and identification of the D-SIBs, is required to be reviewed on a periodic basis.
The Reserve Bank had issued the framework for dealing with Domestic Systemically Important Banks (D-SIBs) on July 22, 2014. In terms of this framework, the Bank is required to identify and disclose the names of banks designated as D-SIBs annually. Further, in terms of the framework, the assessment methodology, for assessing the systemic importance of banks and identification of the D-SIBs, is required to be reviewed on a periodic basis.
In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on October 06, 2023, the Reserve Bank has today placed on its website, a ‘Draft Omnibus Framework for recognising Self-Regulatory Organisations for Regulated Entities’. The draft omnibus framework contains broad parameters applicable to any Self-Regulatory Organisation (SRO) viz., objectives, responsibilities, eligibility criteria, governance standards, application process and other basic conditions for grant of recognition to the SRO.
In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on October 06, 2023, the Reserve Bank has today placed on its website, a ‘Draft Omnibus Framework for recognising Self-Regulatory Organisations for Regulated Entities’. The draft omnibus framework contains broad parameters applicable to any Self-Regulatory Organisation (SRO) viz., objectives, responsibilities, eligibility criteria, governance standards, application process and other basic conditions for grant of recognition to the SRO.
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 02-Dec-22 17-NOV-2023 * 01-DEC-2023 * 02-Dec-22 17-NOV-2023 * 01-DEC-2023 * LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 204511.44 241123.11 254742.65 206990.5 244489.69 258583.28 **
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs,SFBs and PBs) ALL SCHEDULED BANKS 02-Dec-22 17-NOV-2023 * 01-DEC-2023 * 02-Dec-22 17-NOV-2023 * 01-DEC-2023 * LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 204511.44 241123.11 254742.65 206990.5 244489.69 258583.28 **
The Reserve Bank of India (RBI) has noticed certain misleading advertisements enticing borrowers by offering loan waivers. These entities seem to be actively promoting many such campaigns in the print media as well as social media platforms. There are reports of such entities charging a service/legal fee for issuing ‘debt waiver certificates’ without any authority. It has also come to our notice that in certain locations, campaigns are being run by a few persons, which undermine the efforts of Banks in enforcing their rights over the securities charged to the Banks. Such entities are misrepresenting that dues to financial institutions including banks need not be repaid. Such activities undermine the stability of financial institutions and, above all, the interest of the depositors. It may also be noted that associating with such entities can result in direct financial losses.
The Reserve Bank of India (RBI) has noticed certain misleading advertisements enticing borrowers by offering loan waivers. These entities seem to be actively promoting many such campaigns in the print media as well as social media platforms. There are reports of such entities charging a service/legal fee for issuing ‘debt waiver certificates’ without any authority. It has also come to our notice that in certain locations, campaigns are being run by a few persons, which undermine the efforts of Banks in enforcing their rights over the securities charged to the Banks. Such entities are misrepresenting that dues to financial institutions including banks need not be repaid. Such activities undermine the stability of financial institutions and, above all, the interest of the depositors. It may also be noted that associating with such entities can result in direct financial losses.
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 18-Nov-22 03-NOV-2023* 17-NOV-2023* 18-Nov-22 03-NOV-2023* 17-NOV-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 197683.51 242686.81 241123.31 200234.72 246100.18 244489.89 ** b) Borrowings from banks 59717.51 195603.02 186866.5 59825.5 195669.28 186961.73 c) Other demand & time liabilities 52717.05 72833.37 72004.03 53280.8 73572.49 72619.52
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 18-Nov-22 03-NOV-2023* 17-NOV-2023* 18-Nov-22 03-NOV-2023* 17-NOV-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 197683.51 242686.81 241123.31 200234.72 246100.18 244489.89 ** b) Borrowings from banks 59717.51 195603.02 186866.5 59825.5 195669.28 186961.73 c) Other demand & time liabilities 52717.05 72833.37 72004.03 53280.8 73572.49 72619.52
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of November 2023 are set out in Tables 1 to 7.
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of November 2023 are set out in Tables 1 to 7.
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 04-Nov-22 20-OCT-2023* 03-NOV-2023* 04-Nov-22 20-OCT-2023* 03-NOV-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 197284.22 240291.16 242365.3 200069.43 245495.19 245778.67**
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 04-Nov-22 20-OCT-2023* 03-NOV-2023* 04-Nov-22 20-OCT-2023* 03-NOV-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 197284.22 240291.16 242365.3 200069.43 245495.19 245778.67**
(Amount in ₹ crore)SCHEDULED COMMERCIAL BANKS(Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS21-Oct-22 06-OCT-2023* 20-OCT-2023* 21-Oct-22 06-OCT-2023* 20-OCT-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 186189.57 237269.35 239035.24 189070.38 239604.43 244239.27 **
(Amount in ₹ crore)SCHEDULED COMMERCIAL BANKS(Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS21-Oct-22 06-OCT-2023* 20-OCT-2023* 21-Oct-22 06-OCT-2023* 20-OCT-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 186189.57 237269.35 239035.24 189070.38 239604.43 244239.27 **
The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – October 2023, has called on its members and other jurisdictions to refer to the statement on Democratic People’s Republic of Korea (DPRK) and Iran adopted in February 2020 which remains in effect. Further, Myanmar was added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary and FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are not disrupted. The status of Myanmar in the list of countries subject to a call for action, remains unchanged.
The Financial Action Task Force (FATF) vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ – October 2023, has called on its members and other jurisdictions to refer to the statement on Democratic People’s Republic of Korea (DPRK) and Iran adopted in February 2020 which remains in effect. Further, Myanmar was added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary and FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. When applying enhanced due diligence measures, countries have been advised to ensure that flows of funds for humanitarian assistance, legitimate NPO activity and remittances are not disrupted. The status of Myanmar in the list of countries subject to a call for action, remains unchanged.
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of October 2023 are set out in Tables 1 to 7.
Highlights:
Lending Rates:
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of October 2023 are set out in Tables 1 to 7.
Highlights:
Lending Rates:
The Reserve Bank of India has today placed on its website the draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services. Comments / Feedback, if any, may be sent by email with the subject line “Comments on draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services”, by November 28, 2023.
The Reserve Bank of India has today placed on its website the draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services. Comments / Feedback, if any, may be sent by email with the subject line “Comments on draft Master Direction on Managing Risks and Code of Conduct in Outsourcing of Financial Services”, by November 28, 2023.
SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 07-Oct-2222-SEP-2023*06-OCT-2023*07-Oct-2222-SEP-2023*06-OCT-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks191780.92238947.18233687.07194707.13241286.81236022.15 **
b) Borrowings from banks61002.31195119.2199276.661308.31195203.11199285.6
c) Other demand & time liabilities50315.1170559.3472142.7950858.9670625.03
SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 07-Oct-2222-SEP-2023*06-OCT-2023*07-Oct-2222-SEP-2023*06-OCT-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks191780.92238947.18233687.07194707.13241286.81236022.15 **
b) Borrowings from banks61002.31195119.2199276.661308.31195203.11199285.6
c) Other demand & time liabilities50315.1170559.3472142.7950858.9670625.03
The Reserve Bank of India has, in exercise of its power, under section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the ‘bob World’ mobile application. This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application. Any further onboarding of customers of the bank on the ‘bob World’ application will be subject to rectification of the deficiencies observed and strengthening of the related processes by the bank to the satisfaction of RBI. The bank has been further directed to ensure that already onboarded ‘bob World’ customers do not face any disruption on account of this suspension.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1083
The Reserve Bank of India has, in exercise of its power, under section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the ‘bob World’ mobile application. This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application. Any further onboarding of customers of the bank on the ‘bob World’ application will be subject to rectification of the deficiencies observed and strengthening of the related processes by the bank to the satisfaction of RBI. The bank has been further directed to ensure that already onboarded ‘bob World’ customers do not face any disruption on account of this suspension.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1083
Reserve Bank of India launched a Centralised Web Portal उद्गम UDGAM (Unclaimed Deposits – Gateway to Access inforMation) on August 17, 2023 for the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place.
The search facility was initially made available on the portal for seven banks and it was intimated to public that the search facility for remaining banks on the portal would be made available in a phased manner by October 15, 2023. The members of public are hereby informed that, the search facility for 30 banks has been made available on the portal on September 28, 2023, which covers around 90% of such unclaimed deposits (in value terms) in Depositor Education and Awareness (DEA) Fund.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1048
Reserve Bank of India launched a Centralised Web Portal उद्गम UDGAM (Unclaimed Deposits – Gateway to Access inforMation) on August 17, 2023 for the public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place.
The search facility was initially made available on the portal for seven banks and it was intimated to public that the search facility for remaining banks on the portal would be made available in a phased manner by October 15, 2023. The members of public are hereby informed that, the search facility for 30 banks has been made available on the portal on September 28, 2023, which covers around 90% of such unclaimed deposits (in value terms) in Depositor Education and Awareness (DEA) Fund.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/1048
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs)ALL SCHEDULED BANKS 23-Sep-2208-SEP-2023*22-SEP-2023*23-Sep-2208-SEP-2023*22-SEP-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.185703.85253481.66243807.14188640.83255860.31246146.77** b) Borrowings from banks57304.07188137.54195119.257338.07188207.97195203.11 c) Other demand & time liabilities46955.9469409.9270309.947474.3870117.3770375.59 IILIABILITIES TO OTHERS (A) a) Deposits (other than from banks)17031994.6219383942.24 (19240124.52)19275841.49 (19133844.78)17454902.1919823692.2 (19679874.48)19714798.74 (19572802.03) i) Demand1981190.632194425.232199832.662025927.792239958.522245091.87 ii) Time15050803.9917189516.9417076008.9115428974.417583733.6117469706.95 b) Borrowings @531878.55845916.87839112.11537170.08850211.62843305.51 c) Other demand & time liabilities691762.8873173.15878564.56704631.55887113.13892521.09
IIIBORROWINGS FROM R.B.I. (B)103965.1628186.49187948103965.1628186.49187948
Against usance bills and / or prom. Notes
IVCASH110168.299284.0194141.33113183.09101609.3696589.85
VBALANCES WITH R.B.I. (B)767170.74992545.97959345.47785714.11012625.98979142.3
VIASSETS WITH BANKING SYSTEM
a) Balances with other banks
i) In current accounts23252.839952.278640.9626501.5312651.0411236.59
ii) In other accounts164333.92175229.57173116.9201290.04213521.24211610.32
b) Money at call & short notice13576.4325533.6522686.3632417.0341662.6139873.78
c) Advances to banks (i.e. due from bks.)41529.6147364.6246799.9641977.5148185.5747554.86 £
d) Other assets55090.892373.7993496.5358659.2395276.2496272.91
VIIINVESTMENTS (At book value)5075621.985982861.04
(5869994.88)5981356.32
(5868391.34)5222891.356131108.26
(6018242.10)6128399.57
(6015434.59)
a) Central & State Govt. securities+5074818.55982086.135980660.085216388.956124176.686121397.24
b) Other approved securities803.49774.9696.246502.396931.587002.33
VIIIBANK CREDIT (Excluding Inter-Bank Advances)12629874.7915039168.68
(14444840.83)15151318.89
(14558878.43)13007886.5915433148.27
(14838820.42)15534392.74
(14941952.28)
a) Loans, cash credits & Overdrafts $12393420.7314783209.9514891524.7712768531.5815174352.4915271834.61
b) Inland Bills purchased35836.6944672.7444986.0735854.3844686.7845000.2
c) Inland Bills discounted155850.37170730.78174846.68157963.74172894.78176948.51
d) Foreign Bills purchased16882.6616713.9316500.4417061.8916943.0416735.29
e) Foreign Bills discounted27884.3323841.2523460.9628475.0124271.1623874.16
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs)ALL SCHEDULED BANKS 23-Sep-2208-SEP-2023*22-SEP-2023*23-Sep-2208-SEP-2023*22-SEP-2023* ILIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.185703.85253481.66243807.14188640.83255860.31246146.77** b) Borrowings from banks57304.07188137.54195119.257338.07188207.97195203.11 c) Other demand & time liabilities46955.9469409.9270309.947474.3870117.3770375.59 IILIABILITIES TO OTHERS (A) a) Deposits (other than from banks)17031994.6219383942.24 (19240124.52)19275841.49 (19133844.78)17454902.1919823692.2 (19679874.48)19714798.74 (19572802.03) i) Demand1981190.632194425.232199832.662025927.792239958.522245091.87 ii) Time15050803.9917189516.9417076008.9115428974.417583733.6117469706.95 b) Borrowings @531878.55845916.87839112.11537170.08850211.62843305.51 c) Other demand & time liabilities691762.8873173.15878564.56704631.55887113.13892521.09
IIIBORROWINGS FROM R.B.I. (B)103965.1628186.49187948103965.1628186.49187948
Against usance bills and / or prom. Notes
IVCASH110168.299284.0194141.33113183.09101609.3696589.85
VBALANCES WITH R.B.I. (B)767170.74992545.97959345.47785714.11012625.98979142.3
VIASSETS WITH BANKING SYSTEM
a) Balances with other banks
i) In current accounts23252.839952.278640.9626501.5312651.0411236.59
ii) In other accounts164333.92175229.57173116.9201290.04213521.24211610.32
b) Money at call & short notice13576.4325533.6522686.3632417.0341662.6139873.78
c) Advances to banks (i.e. due from bks.)41529.6147364.6246799.9641977.5148185.5747554.86 £
d) Other assets55090.892373.7993496.5358659.2395276.2496272.91
VIIINVESTMENTS (At book value)5075621.985982861.04
(5869994.88)5981356.32
(5868391.34)5222891.356131108.26
(6018242.10)6128399.57
(6015434.59)
a) Central & State Govt. securities+5074818.55982086.135980660.085216388.956124176.686121397.24
b) Other approved securities803.49774.9696.246502.396931.587002.33
VIIIBANK CREDIT (Excluding Inter-Bank Advances)12629874.7915039168.68
(14444840.83)15151318.89
(14558878.43)13007886.5915433148.27
(14838820.42)15534392.74
(14941952.28)
a) Loans, cash credits & Overdrafts $12393420.7314783209.9514891524.7712768531.5815174352.4915271834.61
b) Inland Bills purchased35836.6944672.7444986.0735854.3844686.7845000.2
c) Inland Bills discounted155850.37170730.78174846.68157963.74172894.78176948.51
d) Foreign Bills purchased16882.6616713.9316500.4417061.8916943.0416735.29
e) Foreign Bills discounted27884.3323841.2523460.9628475.0124271.1623874.16
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of September 2023.Highlights: Lending Rates:The weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 3 basis points (bps) from 9.44 per cent in July 2023 to 9.47 per cent in August 2023.1-Year median Marginal Cost of Fund based Lending
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of September 2023.Highlights: Lending Rates:The weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 3 basis points (bps) from 9.44 per cent in July 2023 to 9.47 per cent in August 2023.1-Year median Marginal Cost of Fund based Lending
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 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
The Reserve Bank of India had issued a Discussion Paper (DP) on January 14, 2022 proposing revisions to the current norms for the classification, valuation, and operation of investment portfolios of commercial banks. After considering the feedback received on the DP, the Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2023 has been issued today.
2. The revised Directions include principle-based classification of investment portfolio, tightening of regulations around transfers to/from held to maturity (HTM) category and sales out of HTM, inclusion of non-SLR securities in HTM subject to fulfilment of certain conditions and symmetric recognition of gains and losses.
3. These Directions are expected to enhance the quality of banks' financial reporting, improve disclosures (disclosures of fair value of investments in HTM category, fair value hierarchy, sales out of HTM, etc.), provide a fillip to the corporate bond market, facilitate the use of derivatives for hedging, and strengthen the overall risk management framework of banks. While the revised Directions align the accounting norms for banks' investment portfolios with global financial reporting standards, important prudential safeguards such as investment fluctuation reserve (IFR), due diligence/limits with respect to non-SLR investments, internal control systems, reviews and reporting etc. have been retained and prudential concerns on reliability of valuation have been addressed.
4. The revised Directions shall apply to all commercial banks (excluding Regional Rural Banks) from the financial year commencing on April 1, 2024.
The Reserve Bank of India had issued a Discussion Paper (DP) on January 14, 2022 proposing revisions to the current norms for the classification, valuation, and operation of investment portfolios of commercial banks. After considering the feedback received on the DP, the Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2023 has been issued today.
2. The revised Directions include principle-based classification of investment portfolio, tightening of regulations around transfers to/from held to maturity (HTM) category and sales out of HTM, inclusion of non-SLR securities in HTM subject to fulfilment of certain conditions and symmetric recognition of gains and losses.
3. These Directions are expected to enhance the quality of banks' financial reporting, improve disclosures (disclosures of fair value of investments in HTM category, fair value hierarchy, sales out of HTM, etc.), provide a fillip to the corporate bond market, facilitate the use of derivatives for hedging, and strengthen the overall risk management framework of banks. While the revised Directions align the accounting norms for banks' investment portfolios with global financial reporting standards, important prudential safeguards such as investment fluctuation reserve (IFR), due diligence/limits with respect to non-SLR investments, internal control systems, reviews and reporting etc. have been retained and prudential concerns on reliability of valuation have been addressed.
4. The revised Directions shall apply to all commercial banks (excluding Regional Rural Banks) from the financial year commencing on April 1, 2024.
In pursuance of Governor’s Monetary Policy Statement of August 10, 2023, scheduled banks were required to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023 and July 28, 2023. The measure was intended to absorb the surplus liquidity generated by various factors, including the return of ₹2000 notes to the banking system. It was indicated that the I-CRR is a temporary measure for managing the liquidity overhang and that the I-CRR will be reviewed on September 8, 2023 or earlier with a view to returning the impounded funds to the banking system ahead of the festival season.
On a review, it has been decided to discontinue the I-CRR in a phased manner. Based on an assessment of current and evolving liquidity conditions, it has been decided that the amounts impounded under the I-CRR would be released in stages so that system liquidity is not subjected to sudden shocks and money markets function in an orderly manner. The release of funds would be as follows:
DateAmount to be released (₹ crore)
September 9, 202325 per cent of the I-CRR maintained
September 23, 202325 per cent of the I-CRR maintained
October 7, 202350 per cent of the I-CRR maintained
Details relating to the winding down of the I-CRR are being notified separately.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/886
In pursuance of Governor’s Monetary Policy Statement of August 10, 2023, scheduled banks were required to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023 and July 28, 2023. The measure was intended to absorb the surplus liquidity generated by various factors, including the return of ₹2000 notes to the banking system. It was indicated that the I-CRR is a temporary measure for managing the liquidity overhang and that the I-CRR will be reviewed on September 8, 2023 or earlier with a view to returning the impounded funds to the banking system ahead of the festival season.
On a review, it has been decided to discontinue the I-CRR in a phased manner. Based on an assessment of current and evolving liquidity conditions, it has been decided that the amounts impounded under the I-CRR would be released in stages so that system liquidity is not subjected to sudden shocks and money markets function in an orderly manner. The release of funds would be as follows:
DateAmount to be released (₹ crore)
September 9, 202325 per cent of the I-CRR maintained
September 23, 202325 per cent of the I-CRR maintained
October 7, 202350 per cent of the I-CRR maintained
Details relating to the winding down of the I-CRR are being notified separately.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/886
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 26-Aug-22 11-AUG-2023*25-AUG-2023* 26-Aug-22 11-AUG-2023* 25-AUG-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.188767.08254229.15246284.1 191920.01 256429.72 248463.22 ** b) Borrowings from banks 44956.33190016.47199019.52 45029.33 190103.15 199143.64 c) Other demand & time liabilities
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 26-Aug-22 11-AUG-2023*25-AUG-2023* 26-Aug-22 11-AUG-2023* 25-AUG-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks.188767.08254229.15246284.1 191920.01 256429.72 248463.22 ** b) Borrowings from banks 44956.33190016.47199019.52 45029.33 190103.15 199143.64 c) Other demand & time liabilities
ভাৰতীয় ৰিজাৰ্ভ বেংক মোবাইল এপ্পলিকেষ্যন ইনষ্টল কৰক আৰু নৱীনতম বাতৰিৰ প্ৰৱেশাধিকাৰ পাওক!
পৃষ্ঠাটো শেহতীয়া আপডেট কৰা তাৰিখ: জুলাই 31, 2024
