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ফেব 15, 2016

Pay IT dues in advance at RBI or at authorised bank branches – March 2016

The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date. It has also stated that assessees can use alternate channels like select branches of agency banks or the facility of online payment of taxes offered by these banks. These will obviate the inconvenience involved in standing in long queues at the Reserve Bank offices. It is observed that the rush for remitting Income –Tax dues through th

ফেব 15, 2016

RBI imposes Monetary Penalty on The Kapadwanj Peoples Co-operative Bank Ltd., Kapadwanj, Dist Kheda (Gujarat)

The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh) on The Kapadwanj Peoples Co-operative Bank Ltd., Kapadwanj, Dist Kheda (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations of operational instructions issued under Section 36(1) of B.R. Act, 1949 (AACS) and guidelines of Re

ফেব 12, 2016

RBI imposes Monetary Penalty on The Kutch Mercantile Co-operative Bank Ltd., Rapar, Dist. Kutch (Gujarat)

The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on the The Kutch Mercantile Co-operative Bank Ltd., Rapar, Dist. Kutch (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation pertaining to: non-adherence to the operational instructions issued by Reserve Bank of India u/s

ফেব 06, 2016

RBI further extends Directions issued to Dilip Urban Co-operative Bank Ltd., Barshi, District-Solapur, Maharashtra till May 06, 2016

The Reserve Bank of India notified that Dilip Urban Co-operative Bank Ltd., Barshi, District-Solapur was placed under directions for a period of six months vide directive dated August 06, 2014 from the close of business on August 08, 2014. The validity of the aforesaid directive was extended twice for a period of six months each vide our directives dated January 20, 2015 and July 27, 2015 respectively. It is hereby notified for information of the public that the perio

ফেব 05, 2016

Government of India to Repurchase of Inflation Indexed Bonds - 2023

The Government of India has notified the repurchase of “1.44 per cent Inflation Indexed Government Stock-2023” through reverse auction for an aggregate amount of ₹ 6,500 crore (face value). The repurchase by the Government of India will be undertaken to prematurely redeem the Government Stock by utilising surplus cash balances. The above repurchase of the Government Stock is purely adhoc in nature. Auction for securities will be on price based auction format. The auct

ফেব 03, 2016

RBI extends Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra till May 03, 2016

The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of three months from February 04, 2016 to May 03, 2016, subject to review. The bank was under directions since May 2012. The Directions were earlier extended on six occasions for a period of six months each and on one occasion for a period of three months. The Directions were imposed in exercise of powers vested in the Reser

ফেব 02, 2016

RBI to issue of ₹ 100 banknotes with inset letter ‘R’

The Reserve Bank of India will shortly issue ₹ 100 denomination banknotes with three additional/revised features in the Mahatma Gandhi Series-2005, with inset letter ‘R’ in both the numbering panels, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the banknote. The design of these banknotes to be issued now is similar in all respects to the ₹ 100 banknotes in Mahatma Gandhi Seri

ফেব 01, 2016

RBI asks Banks to file FDI related Forms Online from February 8

The Reserve Bank of India has today asked authorised dealers (AD) Category - I banks to mandatorily file, from February 8, 2016, forms Advanced Remittance Form (ARF), Foreign Collaboration General Permission Route(FC-GPR) and Foreign Collaboration Transfer of Shares (FC-TRS) only through online mode on e-Biz portal. Physical filing of these forms will be discontinued from February 8, 2016. At present, the facility for online filing of ARF, FC-GPR and FC-TRS forms rela

জানু 28, 2016

Issue of ₹ 10 coins to commemorate the occasion of "125th birth anniversary of Dr. B. R. Ambedkar”

The Government of India has minted ₹ 10 coins to commemorate the occasion of "125th birth anniversary of Dr. B. R. Ambedkar” which the Reserve Bank of India will shortly put into circulation. The design details of these coins as notified in The Gazette of India-Extraordinary- Part II-Section 3-Sub-section (i) - No.665 dated October 26, 2015 published by the Ministry of Finance, Department of Economic Affairs, are as follows— Obverse- The face of the coin shall bear th

জানু 28, 2016

RBI imposes Monetary Penalty on M/s Laxman Leafin Ltd

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 2.00 lakhs (Rupees two lakhs only) on M/s Laxman Leafin Ltd, Hyderabad, a registered Non-Banking Financial Company, under section 58-G(1) read with sub section 5(aa) of section 58-B of the RBI Act,1934 for violation of the provisions of Issuance of Non-Convertible Debentures (Reserve Bank) Directions, 2010 contained in the Notification IDMD.DOD.10/11.01.01 (A)/ 2009 dated June 23, 2010 and Financial C

জানু 22, 2016

RBI to issue ₹ 500 banknotes with inset letter ‘E’, ascending size of numerals in number panels, bleed lines and enlarged identification mark

The Reserve Bank of India will shortly issue ₹ 500 denomination bank notes with three additional/revised features in the Mahatma Gandhi Series-2005, with inset letter ‘E’ in both the numbering panels, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ₹ 500 Banknotes in Mahatma Gandhi Series-

জানু 22, 2016

RBI extends Directions issued to CKP Co-operative Bank Ltd, Mumbai, Maharashtra till July 31, 2016

The Reserve Bank of India notified that CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated April 30, 2014 from the close of business on May 2, 2014. The validity of the directions was extended four times, vide directives dated October 21, 2014 for a period of three months; January 20, 2015 for a period of six months; July 9, 2015 for a period of three months and October 28, 2015 for a period of t

জানু 22, 2016

RBI to issue ₹ 100 Banknotes with incorporation of ascending size of Numerals in the number panels, bleed lines and enlarged identification mark

As a part of its endeavor to continually improve design/security features of the banknotes and to deter counterfeiting activities, Reserve Bank of India recently introduced bank notes in ₹ 100, 500 and 1000 denominations with ascending size of numerals in number panels. This feature was already explained in the press releases Nos.(i) 2014-2015/2750 dated June 25, 2015, (ii) 2015-2016/343 dated August 7, 2015, (iii) 2015-2016/466 dated August 21, 2015, respectively whe

জানু 21, 2016

RBI makes its Master Direction on Gold Monetization Scheme more customer-friendly

The Reserve Bank of India has today made a few amendments to its Master Direction on Gold Monetization Scheme. The modifications have been made in consultation with Central Government to make the Scheme more customer-friendly. The depositors will be able to withdraw medium term and long term government deposits pre-maturely after the minimum lock-in period of three years in the case of medium term deposits and after five years in the case of long term deposits. Howeve

জানু 19, 2016

IDFC Bank authorised to be a receiving office for Sovereign Gold Bond 2016

The Government of India, in consultation with Reserve Bank of India, has decided to notify “IDFC Bank Limited” as a receiving office for the second tranche of Sovereign Gold Bond issuance (SGB Scheme 2016). The notification dated January 14, 2016 has been amended to this effect. The other terms and conditions of the Notification shall remain unchanged. Ajit Prasad Assistant Adviser Press Release : 2015-2016/1702

জানু 15, 2016

Additional subscription by RBI to the share capital of National Housing Bank

The Reserve Bank of India has contributed ₹1,000 crore towards the paid up capital of the National Housing Bank (NHB) on January 12, 2016, thereby increasing its shareholding in the NHB from ₹ 450 crore to ₹1,450 crore. RBI had provided for an amount of ₹1,000 crore during the accounting year 2014-15, specifically towards capital contribution to the NHB, which is its wholly owned subsidiary. Ministry of Finance, Government of India, vide their notification S.O. 3322(E

জানু 15, 2016

Sovereign Gold Bonds Scheme 2016 – Issue Price

The Sovereign Gold Bond will be open for subscription for the period from January 18 to 22, 2016. The issue price of the Sovereign Gold Bond for this tranche has been fixed at ₹ 2,600/- (Rupees Two Thousand Six Hundred only) per gram of gold. The rate has been fixed on the basis of simple average of closing price for gold of 999 purity of the previous week (January 11-15, 2016) published by the India Bullion and Jewellers Association Ltd (IBJA). This issue is in terms

জানু 14, 2016

Sovereign Gold Bond Scheme 2016

The Reserve Bank of India, in consultation with the Government of India, has decided to issue second tranche of Sovereign Gold Bonds. Applications for the bond will be accepted from January 18, 2016 to January 22, 2016. The Bonds will be issued on February 8, 2016. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL) and designated post offices. The borrowing through issuance of the Bond will form part of market borrowing programme

জানু 13, 2016

RBI extends Directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal till July 06, 2016

The Reserve Bank of India has extended directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2016 to July 06, 2016, subject to review. The Reserve Bank had initially placed the bank under directions for six months with effect from April 07, 2014 due to its very precarious financial position and the validity of which was subsequently e

জানু 10, 2016

RBI extends Directions issued to Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra till July 09, 2016

The Reserve Bank of India notified that Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra was placed under directions for a period of six months from the close of business on July 10, 2015 vide directive dated July 08, 2015 under Section 35A of the Banking Regulation Act, 1949 (AACS). It is hereby notified for the information of the public that the validity of the aforesaid directive has been extended for a period of six months from January 10, 2016 to July 09,

জানু 05, 2016

RBI extends Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh till April 06, 2016

The Reserve Bank of India has extended Directions issued to the Brahmawart Commercial Co-operative Bank Ltd., Kanpur for a further period of three months from January 06, 2016 to April 06, 2016, subject to review. The bank has been under directions since July 07, 2015 issued under Section 35A of the Banking Regulation Act, 1949 (AACS). According to the Directions, Brahmawart Commercial Co-operative Bank Ltd., Kanpur cannot and without prior approval of the Reserve Ban

জানু 04, 2016

RBI simplifies Communication Process: Issues Comprehensive Master Directions, to begin with on Forex

The Reserve Bank of India today issued 17 Master Directions covering foreign exchange transactions. Master Directions on foreign exchange being issued today consolidate relevant A.P (DIR Series) Circulars issued so far within the ambit of the relevant regulations, amended up to date and cover different classes of transactions permitted under the rules and regulations framed under the Foreign Exchange Management Act, 1999 (FEMA). Master Directions on foreign exchange m

জানু 01, 2016

RBI extends Directions issued to Shri Sai Urban Co-operative Bank Ltd., Mukhed Dist. Nanded, Maharashtra till June 30, 2016

The Reserve Bank of India has extended Directions issued to Shri Sai Urban Co-operative Bank Ltd., Mukhed, Dist. Nanded (Mahrashtra) for a further period of six months from the close of business as on December 31, 2015 to June 30, 2016, subject to review. The bank was under directions since July 01, 2015. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). A copy

ডিসেম্বর 23, 2015

Pre-2005 Banknotes can be exchanged upto June 30, 2016; in Identified Bank Branches and Issue Offices of RBI

The Reserve Bank of India has, on a review, decided to extend the date for the public to exchange their pre-2005 banknotes till June 30, 2016. However, from January 01, 2016, such facility will only be available at identified bank branches (https://www.rbi.org.in/Regionalbranch/(please insert name of the center here)/currencychest.aspx) and Issue Offices of the Reserve Bank (/en/web/rbi/about-us/organisation-structure/offices) . The Reserve Bank had, in June 2015, set

ডিসেম্বর 04, 2015

RBI to issue ₹ 500 banknotes with inset letter ‘R’

The Reserve Bank of India will shortly issue ₹ 500 denomination Banknotes in the Mahatma Gandhi Series-2005 with inset letter 'R' in both the numbering panels. The notes will bear the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ₹ 500 Banknotes in Mahatma Gandhi Series-2005 issued earlier, includin

নভেম্বর 30, 2015

RBI extends Directions issued to Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur till May 31, 2016

Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur, was placed under directions for a period of six months vide directive dated August 28, 2014 from the close of business on August 30, 2014. The validity of the directions was extended twice, vide order dated February 05, 2015 for a period of six months and dated July 31, 2015 for a period of three months. It is hereby notified for the information of the public that the period of operation of the directive dated A

নভেম্বর 27, 2015

RBI to issue ₹ 1000 banknotes with inset letter "L"

The Reserve Bank of India will shortly issue ₹1000 denomination Banknotes in the Mahatma Gandhi Series - 2005 with inset letter 'L' in both the numbering panels. The notes will bear the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ₹1000 Banknotes in Mahatma Gandhi Series - 2005 issued earlier, incl

নভেম্বর 27, 2015

RBI withdraws Directions on The Panihati Co-operative Bank Limited, Kolkata

Reserve Bank had issued directions to The Panihati Co-operative Bank Limited, Panihati, Kolkata, West Bengal with effect from April 24, 2014 due to its precarious financial position. The directions were subsequently extended from time to time upto October 23, 2015. Now, on being satisfied, The Reserve Bank has withdrawn directions imposed on The Panihati Co-operative Bank Limited, Panihati, Kolkata with effect from close of business of October 16, 2015. However, the b

নভেম্বর 27, 2015

RBI issues Directions to Mercantile Urban Co-operative Bank Ltd., Meerut (Uttar Pradesh)

The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to issue certain directions to the Mercantile Urban Co-operative Bank Ltd., Meerut. Accordingly, the Reserve Bank of India in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949 hereby directs that the Mercantile Urban Co-ope

নভেম্বর 27, 2015

RBI extends Directions issued to the HCBL Co-operative Bank Ltd., Lucknow, Uttar Pradesh till April 15, 2016

The Reserve Bank of India has extended Directions issued to the HCBL Co-operative Bank Ltd., Lucknow for a further period of six months from October 16, 2015 to April 15, 2016, subject to review. The bank has been under directions since April 16, 2015 vide directive dated April 10, 2015 and modified directive dated June 29, 2015. According to the above directives, the HCBL Co-operative Bank Ltd., Lucknow cannot and without prior approval of the Reserve Bank in writing

নভেম্বর 26, 2015

Reserve Bank of India releases the Annual Report of the Banking Ombudsman Scheme 2006: 2014-15

The Reserve Bank of India, today, released the Annual Report of the Banking Ombudsman Scheme for the year 2014-2015. The Banking Ombudsman Scheme was established by the Reserve Bank in 1995 to provide speedy solutions to the grievances faced by bank customers. There are 15 Offices of Banking Ombudsmen (BOS) across the country. The report is a synopsis of activities of all the 15 offices of Banking Ombudsman. Highlights of the Report During the year 2014-15, 85,131 com

নভেম্বর 24, 2015

Sovereign Gold Bonds, 2015-16

The Reserve Bank of India, in consultation with Government of India, had notified the issuance of Sovereign Gold Bonds, 2015-16 vide circulars IDMD.CDD.No.939/14.04.050/2015-16 dated October 30, 2015 and IDMD.CDD.No. 968/14.04.050/2015-16 dated November 4, 2015. The first tranche of Sovereign Gold Bonds was open for subscription from November 5 to November 20, 2015. The bonds were to be issued on November 26, 2015. Large number of applications has been received by ban

নভেম্বর 24, 2015

RBI grants ‘in-principle’ approval to NPCI to function as the central unit for Bharat Bill Payment Systems (BBPS)

The Reserve Bank of India has today decided to grant ‘in principle’ approval to the National Payments Corporation of India (NPCI) to function as the Bharat Bill Payment Central Unit (BBPCU) in BBPS. The Bharat Bill Payment System (BBPS), an integrated bill payment system, will function as a tiered structure for operating the bill payment system in the country with a single brand image providing convenience of ‘anytime anywhere’ bill payment to customers. As the centra

নভেম্বর 17, 2015

RBI extends Directions issued to Shatabdi Mahila Sahakari Bank Ltd., Thane, District-Thane, Maharashtra till May 17, 2016

The Reserve Bank of India notified that Shatabdi Mahila Sahakari Bank Ltd., Thane was placed under directions for a period of six months vide directive dated August 14, 2014 from the close of business on August 20, 2014. The validity of the aforesaid directive was further extended for a period of six months and three months vide directive dated February 04, 2015 and dated July 21, 2015 respectively. It is hereby notified for the information of the public that the peri

নভেম্বর 16, 2015

RBI to issue ₹ 500 banknotes with inset letter "L"

The Reserve Bank of India will shortly issue ₹500 denomination Banknotes in the Mahatma Gandhi Series - 2005 with inset letter 'L' in both the numbering panels. The notes will bear the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ₹500 Banknotes in Mahatma Gandhi Series - 2005 issued earlier, includ

নভেম্বর 13, 2015

Pay IT dues in advance at RBI or at authorised bank branches

নভেম্বর 13, 2015

RBI extends last date for receipt of applications for authorising Bharat Bill Payment System Operating Units (BBPOUs)

The Reserve Bank of India has extended the last date for receiving applications for authorising Bharat Bill Payment System Operating Units (BBPOUs), to December 18, 2015 from the earlier November 20, 2015. This has been done keeping in view the difficulties expressed by various entities in meeting the deadline. Applications will now be accepted till the close of business as on December 18, 2015. It may, however, be noted that the applications received till close of bu

নভেম্বর 05, 2015

RBI imposes Monetary Penalty on The Vardhman Co-operative Bank Ltd., Dist. Jamnagar (Gujarat)

The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh) on The Vardhman Co-operative Bank Ltd., Dist. Jamnagar (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violation of RBI guidelines and instructions relating to (i) Know Your Customer (KYC) guidelines, (ii) by not putting in place

নভেম্বর 05, 2015

RBI extends Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra till February 03, 2016

The Reserve Bank of India has extended Directions issued to Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad for a further period of three months from November 04, 2015 to February 03, 2016, subject to review. The bank was under directions since May 2012. The Directions were earlier extended on six occasions for a period of six months each. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A

নভেম্বর 05, 2015

RBI imposes Monetary Penalty on Dhanlaxmi Bank Ltd

The Reserve Bank of India has imposed a monetary penalty of ₹ 10 million on Dhanlaxmi Bank Ltd. for violation of its instructions, among other things, on Know Your Customer (KYC) norms and Anti Money Laundering (AML) standards. The penalty has been imposed in exercise of powers vested in the Reserve Bank under the provisions of Section 47(A) (1) (c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account the violations of the instructions/

নভেম্বর 03, 2015

RBI imposes Monetary Penalty on The Mehsana District Central Cooperative Bank Ltd., Mehsana (Gujarat)

The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (Rupees Five Lakh only) on The Mehsana District Central Cooperative Bank Ltd., Mehsana (Gujarat) in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of the provisions of Section 22(3)(b) of the B.R.Act, 1949 (AACS) relating to “the affairs of the co-oper

নভেম্বর 03, 2015

RBI imposes Monetary Penalty on The Madanapalle Co-operative Town Bank Ltd. Madanapalle, Chittor District, Andhra Pradesh

The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on The Madanapalle Co-operative Town Bank Ltd., Madanapalle, Chittoor District, Andhra Pradesh, in exercise of the powers vested in it under the provisions of Section 47A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of Section 20 and Section 20 A of the Banking Regulation Act, 1949 (As Applicabl

নভেম্বর 03, 2015

RBI imposes Monetary Penalty on Chaitanya Co-operative Urban Bank Ltd., Hyderabad, Telangana

The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on Chaitanya Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the powers vested in it under the provisions of Section 47A (1) (b) read with Section 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of guidelines/directives of Reserve Bank of India on loans and advances to directors and their relatives. The R

নভেম্বর 03, 2015

Minimum Deposit to be 30 grams of Raw Gold in Gold Monetisation Scheme

The Reserve Bank of India has modified the minimum amount of gold that can be deposited under the Gold Monetisation Scheme under the Reserve Bank of India (Gold Monetisation Scheme), Direction, 2015. The modification provides that the minimum deposit at any one time shall be 30 grams of raw gold (bars, coins, jewellery excluding stones and other metals). It was represented that in view of the fact it would not be possible for the general public to determine, ex ante,

নভেম্বর 02, 2015

RBI extends Direction on The C.K.P. Co-operative Bank Ltd., Mumbai, Maharashtra

The Reserve Bank of India, on October 28, 2015, extended the period of operation of its directive on The C.K.P. Cooperative Bank Ltd., for a further period of three months from the close of business on October 31, 2015. The direction is subject to review. The other terms and conditions of the directive remain unchanged. A copy of the directive dated October 28, 2015 notifying the modification is displayed on the bank’s premises for perusal of public. The modification

অক্টোবর 30, 2015

RBI imposes Monetary Penalty on Balasinor Nagarik Sahakari Bank Ltd., Balasinor, Dist. Mahisagar

The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two Lakh) on Balasinor Nagarik Sahakari Bank Ltd., Balasinor, Dist. Mahisagar (Gujarat), in exercise of the powers vested in it under the provisions of Section 47A (1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), for violations pertaining to (i) non-compliance with operational instructions imposed by RBI u/s 36 (1) of the B R Act

অক্টোবর 30, 2015

RBI extends Directions on the Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.)

The Reserve Bank of India has issued certain Directions to Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.). The directive shall continue to apply for a further period of six months from November 01, 2015 to April 30, 2016, subject to review. The bank is under directions from the close of business of October 31, 2012. According to the Directions, Bhopal Nagrik Sahakari Bank Ltd., Bhopal (M.P.) cannot, from the close of business on October 31, 2012 and without prior app

অক্টোবর 22, 2015

RBI issues direction on implementation of Gold Monetisation Scheme (GMS), 2015

The Reserve Bank of India today issued a Direction to all Scheduled Commercial Banks (excluding Regional Rural Banks) on implementation of the Gold Monetisation Scheme, 2015 notified by the Central Government. The Scheme The GMS will replace the existing Gold Deposit Scheme, 1999. However, the deposits outstanding under the Gold Deposit Scheme will be allowed to run till maturity unless the depositors prematurely withdraw them. Resident Indians (Individuals, HUF, Trus

অক্টোবর 20, 2015

RBI modifies the Directive imposed on the Indian Mercantile Co-operative Bank Ltd., Lucknow, Uttar Pradesh

The Reserve Bank of India has notified that in partial modification of its Directive dated July 30, 2014, it has, vide directive dated October 19, 2015, modified the directions on the Indian Mercantile Co-operative Bank Ltd., Lucknow. The bank has been originally placed under directions w.e.f June 12, 2014 vide directive dated June 04, 2014. In terms of the said Directive dated July 30, 2014, among other conditions, a sum not exceeding ₹ 1,00,000/- of the total balanc

অক্টোবর 20, 2015

RBI invites Applications for authorising Bharat Bill Payment System Operating Units (BBPOUs)

The Reserve Bank of India today invited applications for authorisation from entities currently engaged in bill payments and desirous of operating as Bharat Bill Payment System Operating Units (BBPOUs) under the Bharat Bill Payment System (BBPS). The BBPS will be an authorised payment system operated by National Payment Corporation of India (NPCI). To begin with, under BBPS the BBPOUs will function as entities facilitating collection of repetitive payments for everyday