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ডিসেম্বর 12, 2016
RBI denies Rumours on Axis Bank
The Reserve Bank of India today clarified that it has not initiated any action to cancel the banking licence of Axis Bank in the wake of certain allegations about some serious irregularities in transactions relating to deposit/exchange of Specified Bank Notes in a few branches of the bank. The clarification comes in the background of rumours in a segment of the media that the bank was likely to lose its banking licence. Alpana Killawala Principal Adviser Press Release
The Reserve Bank of India today clarified that it has not initiated any action to cancel the banking licence of Axis Bank in the wake of certain allegations about some serious irregularities in transactions relating to deposit/exchange of Specified Bank Notes in a few branches of the bank. The clarification comes in the background of rumours in a segment of the media that the bank was likely to lose its banking licence. Alpana Killawala Principal Adviser Press Release
ডিসেম্বর 09, 2016
Scheduled Bank's Statement of Position in India as on Friday, November 25, 2016
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 27-NOV-2015 11- NOV -2016 * 25-NOV-2016 * 27-NOV-2015 11-NOV -2016* 25-NOV-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1496.01 1643.53 1892.65 1554.42 1732.37 1962.96 ** b) Borrowings from banks 533.93 640.36 506.5 535.52 641.66 507.22 c) Other demand & time liabilities 63.76 42.15 40.49 63.76 42.15 40.49 II LIABILITIES TO OTHERS (A) a)
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 27-NOV-2015 11- NOV -2016 * 25-NOV-2016 * 27-NOV-2015 11-NOV -2016* 25-NOV-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1496.01 1643.53 1892.65 1554.42 1732.37 1962.96 ** b) Borrowings from banks 533.93 640.36 506.5 535.52 641.66 507.22 c) Other demand & time liabilities 63.76 42.15 40.49 63.76 42.15 40.49 II LIABILITIES TO OTHERS (A) a)
ডিসেম্বর 09, 2016
RBI releases Annual Report of the Banking Ombudsman Scheme
The Reserve Bank of India, today, released the Annual Report of the Banking Ombudsman Scheme for the year 2015-2016. Highlights 1,02,894 complaints were received by 15 Offices of the Banking Ombudsmen Complaints increased by 21% compared to the previous year. Offices of Banking Ombudsmen maintained a disposal rate of 95%. 18 Awards were issued by the Banking Ombudsmen. 34 appeals were received by the Appellate Authority against the awards/decisions of Banking Ombudsme
The Reserve Bank of India, today, released the Annual Report of the Banking Ombudsman Scheme for the year 2015-2016. Highlights 1,02,894 complaints were received by 15 Offices of the Banking Ombudsmen Complaints increased by 21% compared to the previous year. Offices of Banking Ombudsmen maintained a disposal rate of 95%. 18 Awards were issued by the Banking Ombudsmen. 34 appeals were received by the Appellate Authority against the awards/decisions of Banking Ombudsme
ডিসেম্বর 08, 2016
Activity at Banks during November 10 to December 7, 2016
Consequent to the announcement of withdrawal of Legal Tender status of banknotes of ₹ 500 and ₹ 1000 denominations from the midnight of November 8, 2016, the Reserve Bank of India made arrangements for exchange and/or deposit of such notes at the counters of the Reserve Bank and commercial banks, Regional Rural banks and Urban Cooperative Banks. The Reserve Bank has also made arrangements for supply of adequate quantity of banknotes in various denominations to the pub
Consequent to the announcement of withdrawal of Legal Tender status of banknotes of ₹ 500 and ₹ 1000 denominations from the midnight of November 8, 2016, the Reserve Bank of India made arrangements for exchange and/or deposit of such notes at the counters of the Reserve Bank and commercial banks, Regional Rural banks and Urban Cooperative Banks. The Reserve Bank has also made arrangements for supply of adequate quantity of banknotes in various denominations to the pub
ডিসেম্বর 07, 2016
RBI Withdraws the Incremental CRR
On November 26, 2016 the Reserve Bank had announced an incremental cash reserve ratio (CRR) of 100 per cent of the increase in net demand and time liabilities (NDTL) of scheduled banks between September 16, 2016 and November 11, 2016 effective the fortnight beginning November 26, 2016. It was intended to absorb a part of the large increase in liquidity in the system following the withdrawal of the legal tender status of ₹ 500 and ₹ 1,000 denomination bank notes. It wa
On November 26, 2016 the Reserve Bank had announced an incremental cash reserve ratio (CRR) of 100 per cent of the increase in net demand and time liabilities (NDTL) of scheduled banks between September 16, 2016 and November 11, 2016 effective the fortnight beginning November 26, 2016. It was intended to absorb a part of the large increase in liquidity in the system following the withdrawal of the legal tender status of ₹ 500 and ₹ 1,000 denomination bank notes. It wa
নভেম্বর 23, 2016
Scheduled Bank's Statement of Position in India as on Friday, November 11, 2016
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 13-NOV-2015 28-OCT- 2016* 11-NOV-2016* 13-NOV-2015 28-OCT- 2016* 11-NOV-2016* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1461.94 1574.31 1643.53 1520.35 1641.55 1732.37** b) Borrowings from banks 509.18 597.15 640.36 510.19 597.84 641.66 c) Other demand & time liabilities 58.14 78.57 42.15 58.19 78.57 42.15 II LIABILITIES TO OTHERS (A) a) Depo
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 13-NOV-2015 28-OCT- 2016* 11-NOV-2016* 13-NOV-2015 28-OCT- 2016* 11-NOV-2016* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1461.94 1574.31 1643.53 1520.35 1641.55 1732.37** b) Borrowings from banks 509.18 597.15 640.36 510.19 597.84 641.66 c) Other demand & time liabilities 58.14 78.57 42.15 58.19 78.57 42.15 II LIABILITIES TO OTHERS (A) a) Depo
নভেম্বর 23, 2016
Airtel Payments Bank Limited commences operations
Airtel Payments Bank Limited has commenced its operations as a payments bank with effect from November 23, 2016. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. Airtel M Commerce Services Limited was one of the 11 applicants which were issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015. Anirudha D
Airtel Payments Bank Limited has commenced its operations as a payments bank with effect from November 23, 2016. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. Airtel M Commerce Services Limited was one of the 11 applicants which were issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015. Anirudha D
নভেম্বর 17, 2016
Pay IT dues in advance at RBI or at authorised bank branches - December 2016
It is observed that the rush for remitting Income –Tax dues through the Reserve Bank of India has been far too heavy towards the end of December 2016 and it becomes difficult for the Bank to cope with the pressure of receipts although additional counters to the maximum extent possible are provided for the purpose. Consequently, the members of public are required to wait in queues at the Bank for unnecessarily long periods. To obviate the inconvenience involved, assess
It is observed that the rush for remitting Income –Tax dues through the Reserve Bank of India has been far too heavy towards the end of December 2016 and it becomes difficult for the Bank to cope with the pressure of receipts although additional counters to the maximum extent possible are provided for the purpose. Consequently, the members of public are required to wait in queues at the Bank for unnecessarily long periods. To obviate the inconvenience involved, assess
নভেম্বর 09, 2016
Banks to remain open for public on Saturday, November 12 and Sunday, November 13, 2016
All scheduled and non-scheduled banks, including public, private, foreign, cooperative, regional rural and local area banks, will remain open for public on Saturday, November 12 and Sunday, November 13, 2016. Banks are advised to keep all their branches open on November 12 and 13, 2016 as regular working days for transacting all business. Banks may give due publicity about availability of banking services on these days. Alpana Killawala Principal Adviser Press Release
All scheduled and non-scheduled banks, including public, private, foreign, cooperative, regional rural and local area banks, will remain open for public on Saturday, November 12 and Sunday, November 13, 2016. Banks are advised to keep all their branches open on November 12 and 13, 2016 as regular working days for transacting all business. Banks may give due publicity about availability of banking services on these days. Alpana Killawala Principal Adviser Press Release
নভেম্বর 09, 2016
Scheduled Bank's Statement of Position in India as on Friday, October 28, 2016
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 30-OCT-2015 14-OCT-2016 * 28-OCT-2016 * 30-OCT-2015 14-OCT-2016 * 28-OCT-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1475.36 1546.41 1574.31 1534.91 1614.43 1641.55 ** b) Borrowings from banks 551.14 609.75 597.15 552.91 611.84 597.84 c) Other demand & time liabilities 97.56 50.22 78.57 97.56 50.22 78.57 II LIABILITIES TO OTHERS (A) a) D
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 30-OCT-2015 14-OCT-2016 * 28-OCT-2016 * 30-OCT-2015 14-OCT-2016 * 28-OCT-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1475.36 1546.41 1574.31 1534.91 1614.43 1641.55 ** b) Borrowings from banks 551.14 609.75 597.15 552.91 611.84 597.84 c) Other demand & time liabilities 97.56 50.22 78.57 97.56 50.22 78.57 II LIABILITIES TO OTHERS (A) a) D

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