Press Releases - Regulating Commercial Banking - RBI - Reserve Bank of India
Press Releases
Aug 23, 2003
Reduction in repo rate
In view of the current macroeconomic and overall monetary conditions, the Reserve Bank of India has decided to reduce the one day and 14 day repo rate under the Liquidity Adjustment Facility (LAF) of the Reserve Bank to be made available on August 25, 2003 to 4.5 per cent from 5.0 per cent. Thereafter, as per the current practice, the cut-off rate for acceptance of bids for one day and 14 day repo will continue to be decided by the Reserve Bank at each auction. Alpana
In view of the current macroeconomic and overall monetary conditions, the Reserve Bank of India has decided to reduce the one day and 14 day repo rate under the Liquidity Adjustment Facility (LAF) of the Reserve Bank to be made available on August 25, 2003 to 4.5 per cent from 5.0 per cent. Thereafter, as per the current practice, the cut-off rate for acceptance of bids for one day and 14 day repo will continue to be decided by the Reserve Bank at each auction. Alpana
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Jul 18, 2003
Quarterly Handout: Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks (As on March 31, 2003)
'Banking Statistics: Quarterly Handout – March 2003' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on 31st March 2003. The data are based on Basic Statistical Return-7, received from all scheduled commercial banks. The data have been presented according to top hundred centres, states, districts, population groups and bank groups. Five new statements are added from this issue of Quarterly Handout. The top hundred centres arr
'Banking Statistics: Quarterly Handout – March 2003' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on 31st March 2003. The data are based on Basic Statistical Return-7, received from all scheduled commercial banks. The data have been presented according to top hundred centres, states, districts, population groups and bank groups. Five new statements are added from this issue of Quarterly Handout. The top hundred centres arr
Jun 06, 2003
No Repo Rate cut Now : RBI
We do not expect to make a repo cut now or for quite sometime, until the monsoon and inflation situation becomes clearer. There has been renewed market speculation on this issue in the light of the 50 basis point cut made by the European Central Bank yesterday. The rate of inflation in the main Euro countries is in the range of 2 per cent compared to our inflation rate which was 5.9 per cent on May 17, 2003, an official spokesperson of the Reserve Bank of India clarif
We do not expect to make a repo cut now or for quite sometime, until the monsoon and inflation situation becomes clearer. There has been renewed market speculation on this issue in the light of the 50 basis point cut made by the European Central Bank yesterday. The rate of inflation in the main Euro countries is in the range of 2 per cent compared to our inflation rate which was 5.9 per cent on May 17, 2003, an official spokesperson of the Reserve Bank of India clarif
May 26, 2003
Pay Income-tax dues in advance at any designated bank branch : RBI
The Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income tax dues at any of the designated bank branches. The income-tax department has authorised approximately 820 computerised branches of public sector banks and HDFC Bank in Mumbai and Navi Mumbai to accept payment of income-tax dues. The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Reserve Bank'
The Reserve Bank of India has advised income-tax assessees in the cities of Mumbai and Navi Mumbai to take advantage of paying their income tax dues at any of the designated bank branches. The income-tax department has authorised approximately 820 computerised branches of public sector banks and HDFC Bank in Mumbai and Navi Mumbai to accept payment of income-tax dues. The Reserve Bank has also advised income-tax assessees to avoid last minute rush at the Reserve Bank'
Apr 12, 2003
ICICI Bank's Financial Position Sound : RBI
There are reports in some sections of the media that based on rumours of ICICI Bank facing liquidity problems, depositors are withdrawing cash at its ATMs and branches in Gujarat. The Reserve Bank of India is monitoring the developments and has arranged to provide adequate cash to ICICI Bank to meet the demands of its customers at the branches/ATMs. It is clarified that the ICICI Bank has sufficient liquidity, including in its current account with the Reserve Bank of
There are reports in some sections of the media that based on rumours of ICICI Bank facing liquidity problems, depositors are withdrawing cash at its ATMs and branches in Gujarat. The Reserve Bank of India is monitoring the developments and has arranged to provide adequate cash to ICICI Bank to meet the demands of its customers at the branches/ATMs. It is clarified that the ICICI Bank has sufficient liquidity, including in its current account with the Reserve Bank of
Apr 12, 2003
Quarterly Handout: Aggregate Deposits and Gross Bank Credit of all Scheduled Commercial Banks
(As on the last Friday of December 2002) 'Banking Statistics: Quarterly Handout – December 2002' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on the last Friday of December 2002. The data are based on Basic Statistical Return-7, received from all scheduled commercial banks. The data have been presented according to top hundred centres, states, districts, population groups and bank groups. The top hundred centres arranged a
(As on the last Friday of December 2002) 'Banking Statistics: Quarterly Handout – December 2002' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on the last Friday of December 2002. The data are based on Basic Statistical Return-7, received from all scheduled commercial banks. The data have been presented according to top hundred centres, states, districts, population groups and bank groups. The top hundred centres arranged a
Mar 28, 2003
RBI and tax collecting bank branches to extend banking hours on March 29 and 31
The Reserve Bank of India has decided to keep its tax collection counters open for extended time on March 29, 2003 and March 31, 2003 beyond normal business hours to facilitate payment of taxes by tax assessees. The Reserve Bank has also asked all public sector banks and other banks authorised to collect taxes, to keep their tax collecting branches open for a reasonably longer time for this purpose only. In a circular issued on March 27, 2003, the Reserve Bank has ask
The Reserve Bank of India has decided to keep its tax collection counters open for extended time on March 29, 2003 and March 31, 2003 beyond normal business hours to facilitate payment of taxes by tax assessees. The Reserve Bank has also asked all public sector banks and other banks authorised to collect taxes, to keep their tax collecting branches open for a reasonably longer time for this purpose only. In a circular issued on March 27, 2003, the Reserve Bank has ask
Mar 28, 2003
Banks' Lending Rates Updated on RBI Website
for Quarter-October December 2002
for Quarter-October December 2002
The Reserve Bank of India has today released the lending rates of scheduled commercial banks for the quarter October to December 2002 on its website (www.rbi.org.in ). The data include the range of actual and median lending rates for credit above Rs. two lakh as well as actual and median lending rates for export credit in rupee terms. Both these categories of data are available bank-group wise. An additional table presenting the lending rates of individual banks for c
The Reserve Bank of India has today released the lending rates of scheduled commercial banks for the quarter October to December 2002 on its website (www.rbi.org.in ). The data include the range of actual and median lending rates for credit above Rs. two lakh as well as actual and median lending rates for export credit in rupee terms. Both these categories of data are available bank-group wise. An additional table presenting the lending rates of individual banks for c
Mar 12, 2003
Mumbai Clearing House to be closed on March 14 and May 14 : RBI
The Reserve Bank of India has stated that the clearing house in Mumbai will not function on March 14, 2003 as the Government of Maharashtra has declared it as a holiday under the Negotiable Instruments Act, 1881 on account of Moharrum. Earlier, the holiday for Moharrum was declared on March 15, 2003. Now, the clearing house will function normally on March 15, 2003The clearing house in Reserve Bank of India in Mumbai will also remain closed on May 14, 2003 instead of M
The Reserve Bank of India has stated that the clearing house in Mumbai will not function on March 14, 2003 as the Government of Maharashtra has declared it as a holiday under the Negotiable Instruments Act, 1881 on account of Moharrum. Earlier, the holiday for Moharrum was declared on March 15, 2003. Now, the clearing house will function normally on March 15, 2003The clearing house in Reserve Bank of India in Mumbai will also remain closed on May 14, 2003 instead of M
Feb 25, 2003
RBI Appeal to Tax Payers
To avoid long queues and inconveniences for payment of income tax (IT) at the Reserve Bank counters, the Reserve Bank of India has appealed to the tax payers to utilise the services available at various branches of public sector banks in Mumbai and Navi Mumbai and deposit their income tax dues well in advance of the last date. Income Tax Assessees can now pay advance income tax at any of the 820 branches of public sector banks and HDFC Bank at Mumbai and Navi Mumbai.
To avoid long queues and inconveniences for payment of income tax (IT) at the Reserve Bank counters, the Reserve Bank of India has appealed to the tax payers to utilise the services available at various branches of public sector banks in Mumbai and Navi Mumbai and deposit their income tax dues well in advance of the last date. Income Tax Assessees can now pay advance income tax at any of the 820 branches of public sector banks and HDFC Bank at Mumbai and Navi Mumbai.
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