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জুন 15, 2005
HLCC on Financial and Capital Markets Meets
A meeting of the High Level Coordination Committee (HLCC) on Financial and Capital Markets (HLCCFCM) was held today at the Reserve Bank of India (RBI), Mumbai. Dr. Y.V.Reddy, Governor, Reserve Bank of India chaired the meeting. Dr. Rakesh Mohan, Secretary, Economic Affairs, Ministry of Finance, Government of India, Shri M.Damodaran Chairman, Securities and Exchange Board of India (SEBI), Shri C.S.Rao, Chairman, Insurance Regulatory and Development Authority (IRDA), an
A meeting of the High Level Coordination Committee (HLCC) on Financial and Capital Markets (HLCCFCM) was held today at the Reserve Bank of India (RBI), Mumbai. Dr. Y.V.Reddy, Governor, Reserve Bank of India chaired the meeting. Dr. Rakesh Mohan, Secretary, Economic Affairs, Ministry of Finance, Government of India, Shri M.Damodaran Chairman, Securities and Exchange Board of India (SEBI), Shri C.S.Rao, Chairman, Insurance Regulatory and Development Authority (IRDA), an
জুন 13, 2005
RBI Working Group to Review Export Credit submits Report

The Reserve Bank of India's Working Group to review a range of issues relating to export credit has submitted its report. The Working Group, based on the presentations made by the representatives of the Export Promotion Organisations, discussions and study of the statistics and relevant information made available to it, has recommended that in respect of the Rupee export credit, the present interest rate prescription by the Reserve Bank of India may continue for the t

The Reserve Bank of India's Working Group to review a range of issues relating to export credit has submitted its report. The Working Group, based on the presentations made by the representatives of the Export Promotion Organisations, discussions and study of the statistics and relevant information made available to it, has recommended that in respect of the Rupee export credit, the present interest rate prescription by the Reserve Bank of India may continue for the t

এপ্রিল 25, 2005
Reserve Bank releases Report on Credit Card Regulations
The Reserve Bank released the on its website (www.rbi.org.in) Payment of penalty to the recipient of unsolicited card in case the card got activated without the approval of the recipient, Code of conduct for direct selling agents, 'Do Not Call Registry' website to be maintained by the Indian Banks' Association, sending the most important terms and conditions highlighting crucial items to the customers at all the stages and authorising the Banking Ombudsman to redress
The Reserve Bank released the on its website (www.rbi.org.in) Payment of penalty to the recipient of unsolicited card in case the card got activated without the approval of the recipient, Code of conduct for direct selling agents, 'Do Not Call Registry' website to be maintained by the Indian Banks' Association, sending the most important terms and conditions highlighting crucial items to the customers at all the stages and authorising the Banking Ombudsman to redress
এপ্রিল 01, 2005
Scheme of Amalgamation of IDBI Bank Ltd. with IDBI Ltd. to be effective from April 2, 2005
The scheme of amalgamation of the IDBI Bank Ltd. with IDBI Ltd., will come into effect from April 2, 2005. The Reserve Bank has sanctioned the scheme of amalgamation of these two banks in exercise of the powers contained in Sub-Section (4) of Section 44A of the Banking Regulation Act, 1949.Alpana KillawalaChief General Manger Press Release: 2004-2005/1033
The scheme of amalgamation of the IDBI Bank Ltd. with IDBI Ltd., will come into effect from April 2, 2005. The Reserve Bank has sanctioned the scheme of amalgamation of these two banks in exercise of the powers contained in Sub-Section (4) of Section 44A of the Banking Regulation Act, 1949.Alpana KillawalaChief General Manger Press Release: 2004-2005/1033
মার্চ 16, 2005
DICGC raises Premium for Deposit Insurance
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has decided to raise the deposit insurance premium to 10 paise per Rs.100 from 5 paise per Rs.100 of assessable deposit per annum. The premium will be raised in a phased manner over a period of two years. In the first phase, the premium rate would be increased to 8 paise from 5 paise per annum per Rs.100 of assessable deposits for the financial year 2004-05. In the second phase the deposit insurance premiu
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has decided to raise the deposit insurance premium to 10 paise per Rs.100 from 5 paise per Rs.100 of assessable deposit per annum. The premium will be raised in a phased manner over a period of two years. In the first phase, the premium rate would be increased to 8 paise from 5 paise per annum per Rs.100 of assessable deposits for the financial year 2004-05. In the second phase the deposit insurance premiu
ফেব 02, 2005
RBI issues Guidelines on Merger/Amalgamation for Urban Banks
The Reserve Bank of India has, in the recent past, received some interest for merger/amalgamation from among the urban cooperative banks (urban banks). With a view to encouraging and facilitating consolidation and emergence of strong entities and providing an avenue for non-disruptive exit of weak/unviable entities in the co-operative banking sector, the Reserve Bank has decided to issue suitable guidelines to facilitate merger/amalgamation in the sector and place the
The Reserve Bank of India has, in the recent past, received some interest for merger/amalgamation from among the urban cooperative banks (urban banks). With a view to encouraging and facilitating consolidation and emergence of strong entities and providing an avenue for non-disruptive exit of weak/unviable entities in the co-operative banking sector, the Reserve Bank has decided to issue suitable guidelines to facilitate merger/amalgamation in the sector and place the
ডিসেম্বর 24, 2004
Dealing with Customer Complaints of Credit Cards: RBI asks banks to be more sensitive to customer complaints:IBA to evolve a Code of Conduct for Credit Card Issuing Banks
At a meeting of banks issuing credit cards held today, by the Reserve Bank of India in Mumbai, it was decided that the Indian Banks' Association along with some large credit cards issuing banks will evolve a code of conduct to be voluntarily adopted by the banks issuing credit cards. The meeting was held in the wake of significant concerns that had arisen of late in regard to credit card operations of banks. The Reserve Bank also stressed on the need for the card issu
At a meeting of banks issuing credit cards held today, by the Reserve Bank of India in Mumbai, it was decided that the Indian Banks' Association along with some large credit cards issuing banks will evolve a code of conduct to be voluntarily adopted by the banks issuing credit cards. The meeting was held in the wake of significant concerns that had arisen of late in regard to credit card operations of banks. The Reserve Bank also stressed on the need for the card issu
নভেম্বর 29, 2004
RBI releases Report on Trend and Progress of Banking in India-2003-04
The Reserve Bank of India has released today its Report on Trend and Progress of Banking in India, 2003-04. The Report gives a detailed account of the performance of and policy developments relating to commercial banks, co-operative banks, financial institutions and non-banking financial companies during 2003-04. A chapter on financial stability covering various emerging issues has been introduced. The Report is divided into eight Chapters and contains detailed statis
The Reserve Bank of India has released today its Report on Trend and Progress of Banking in India, 2003-04. The Report gives a detailed account of the performance of and policy developments relating to commercial banks, co-operative banks, financial institutions and non-banking financial companies during 2003-04. A chapter on financial stability covering various emerging issues has been introduced. The Report is divided into eight Chapters and contains detailed statis
অক্টোবর 20, 2004
RBI to disclose Penalties and Specific Supervisory Actions on Banks from November 1
The Reserve Bank of India has, in the interest of the investors and depositors, decided to disclose the penalties imposed by it on banks. In a circular issued to commercial banks, it has said that it would, from November 1, 2004 issue a press release giving details of the circumstances under which the penalty is imposed on a bank. It would also place the communication on the imposition of penalty to the bank in public domain. In addition, the Reserve Bank has asked ba
The Reserve Bank of India has, in the interest of the investors and depositors, decided to disclose the penalties imposed by it on banks. In a circular issued to commercial banks, it has said that it would, from November 1, 2004 issue a press release giving details of the circumstances under which the penalty is imposed on a bank. It would also place the communication on the imposition of penalty to the bank in public domain. In addition, the Reserve Bank has asked ba
জুলাই 26, 2004
Draft Scheme of GTB - OBC Amalgamation
Global Trust Bank Ltd., (GTB) has been placed under an Order of Moratorium on July 24, 2004 which is effective upto October 23, 2004 or an earlier date if alternate arrangements are in place. During the period of moratorium, the Reserve Bank of India has to decide the future set up of GTB. GTB had been given time to arrange for infusion of capital as also to explore the options of raising required capital or voluntary merger with any domestic bank. GTB’s proposal for
Global Trust Bank Ltd., (GTB) has been placed under an Order of Moratorium on July 24, 2004 which is effective upto October 23, 2004 or an earlier date if alternate arrangements are in place. During the period of moratorium, the Reserve Bank of India has to decide the future set up of GTB. GTB had been given time to arrange for infusion of capital as also to explore the options of raising required capital or voluntary merger with any domestic bank. GTB’s proposal for

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