Press Releases - Regulating Commercial Banking - RBI - Reserve Bank of India
Press Releases
Jul 06, 1999
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks : Quarterly Handout:March 31, 1999
The 'Banking Statistics: Quarterly Handout - March 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 1999, with various classifications, has been published by the Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The publicati
The 'Banking Statistics: Quarterly Handout - March 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 1999, with various classifications, has been published by the Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The publicati
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Jun 08, 1999
Working Group to explore the possibilities of setting up a Credit Information Bureau in India
The Reserve Bank of India has set up a Working Group to explore the possibilities of setting up a Credit Information Bureau in India. The credit information bureau is being contemplated for the collection of credit information relating to borrowers from lending institutions and for the provision of such information to the financial system, with a view to facilitating the distribution of credit to all sectors of the economy and for related or incidental matters. The co
The Reserve Bank of India has set up a Working Group to explore the possibilities of setting up a Credit Information Bureau in India. The credit information bureau is being contemplated for the collection of credit information relating to borrowers from lending institutions and for the provision of such information to the financial system, with a view to facilitating the distribution of credit to all sectors of the economy and for related or incidental matters. The co
Jun 07, 1999
Banks to register Nomination Facility in Deposit Accounts in Passbooks
The Reserve Bank of India has decided to introduce the practice of recording on the face of the passbooks the position regarding availment of nomination facility. The banks will now be able to record on the face of the passbook the position regarding availment of nomination facility by a depositor. The bank will record this on the passbook with a legend "Nomination Registered". The facility intends to facilitate expeditious settlement of claims by banks in the account
The Reserve Bank of India has decided to introduce the practice of recording on the face of the passbooks the position regarding availment of nomination facility. The banks will now be able to record on the face of the passbook the position regarding availment of nomination facility by a depositor. The bank will record this on the passbook with a legend "Nomination Registered". The facility intends to facilitate expeditious settlement of claims by banks in the account
Jun 02, 1999
Bareilly Corporation branches to function as branches of Bank of Baroda from tomorrow
The Reserve Bank of India has notified that from June 3, 1999, branches of the Bareilly Corporation Bank Ltd. will function as branches of Bank of Baroda.The Bareilly Corporation Bank Ltd. was already under an Order of Moratorium from the close of business on March 8, 1999 up to June 5, 1999 (inclusive). The moratorium was recommended by the Reserve Bank of India to the Government of India under Sub-section (1) of Section 45 of the Banking Regulation Act, 1949. The Go
The Reserve Bank of India has notified that from June 3, 1999, branches of the Bareilly Corporation Bank Ltd. will function as branches of Bank of Baroda.The Bareilly Corporation Bank Ltd. was already under an Order of Moratorium from the close of business on March 8, 1999 up to June 5, 1999 (inclusive). The moratorium was recommended by the Reserve Bank of India to the Government of India under Sub-section (1) of Section 45 of the Banking Regulation Act, 1949. The Go
Apr 07, 1999
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks: Quarterly Handout: Last Friday of December 1998
The 'Banking Statistics: Quarterly Handout - December 1998' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of December 1998, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the Scheduled Commercial Banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups.T
The 'Banking Statistics: Quarterly Handout - December 1998' providing data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of December 1998, with various classifications, has been published by Reserve Bank of India. The primary data have been collected from the Scheduled Commercial Banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups.T
Mar 01, 1999
RBI announces reduction in Repo Rate, Bank Rate and CRR
The Reserve Bank of India has today announced the following measures :A reduction in Repo Rate from 8 per cent to 6 per cent effective March 3, 1999. A reduction in Bank Rate from 9 per cent to 8 per cent effective close of business hours on March 1, 1999. A reduction in Cash Reserve Ratio from 11 per cent to 10.5 per cent effective from the fortnight beginning on March 13, 1999.Alpana Killawala General ManagerPress Release : 1998-99/1118
The Reserve Bank of India has today announced the following measures :A reduction in Repo Rate from 8 per cent to 6 per cent effective March 3, 1999. A reduction in Bank Rate from 9 per cent to 8 per cent effective close of business hours on March 1, 1999. A reduction in Cash Reserve Ratio from 11 per cent to 10.5 per cent effective from the fortnight beginning on March 13, 1999.Alpana Killawala General ManagerPress Release : 1998-99/1118
Mar 01, 1999
Income Tax Dues can be paid at Designated Bank Branches
For the convenience of income tax assessees, the Income Tax department has authorised designated branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India to accept payment of income tax dues. Accordingly, arrangements have been made for receipt of advance income tax at the designated branches of these banks.The Reserve Bank of India has advised assessees to take
For the convenience of income tax assessees, the Income Tax department has authorised designated branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India to accept payment of income tax dues. Accordingly, arrangements have been made for receipt of advance income tax at the designated branches of these banks.The Reserve Bank of India has advised assessees to take
Feb 26, 1999
Banks to observe Saturday February 27, 1999 as a whole working day
The Reserve Bank of India has decided that bank branches (including Regional Rural Banks and cooperative banks)will remain open for the whole day on Saturday, February 27, 1999 to obviate the inconvenience caused to customers on account of dislocation of banking services on February 25 and 26, 1999, and in public interest . Normal banking transactions will, therefore, be undertaken in these banks/branches on February 27, 1999 and they will observe business/working hou
The Reserve Bank of India has decided that bank branches (including Regional Rural Banks and cooperative banks)will remain open for the whole day on Saturday, February 27, 1999 to obviate the inconvenience caused to customers on account of dislocation of banking services on February 25 and 26, 1999, and in public interest . Normal banking transactions will, therefore, be undertaken in these banks/branches on February 27, 1999 and they will observe business/working hou
Feb 19, 1999
Final Guidelines on Asset-Liability Management (ALM) System in Banks
The Reserve Bank of India has today issued final guidelines on Asset-Liability Management (ALM) System for implementation by banks effective April 1, 1999. The guidelines mainly address liquidity and interest rate risks and have been formulated to serve as a benchmark for banks not having formal ALM systems. Banks which have already adopted more sophisticated systems, have been permitted to continue their existing systems but have been asked to finetune their manageme
The Reserve Bank of India has today issued final guidelines on Asset-Liability Management (ALM) System for implementation by banks effective April 1, 1999. The guidelines mainly address liquidity and interest rate risks and have been formulated to serve as a benchmark for banks not having formal ALM systems. Banks which have already adopted more sophisticated systems, have been permitted to continue their existing systems but have been asked to finetune their manageme
Feb 08, 1999
RBI Working Group for Revival of Weak Public Sector Banks
In consultation with the Government of India, the Reserve Bank of India has decided to set up a Working Group under the Chairmanship of Shri M. S. Verma, former Chairman of State Bank of India and presently Adviser to the Reserve Bank, to suggest measures for revival of weak public sector banks, with the following members :(i)Shri K. R. Ramamurthy, Chairman, Vysya Bank Limited(ii)Shri M. M. Chitale, Chartered Accountant (former President, Institute of Chartered Accoun
In consultation with the Government of India, the Reserve Bank of India has decided to set up a Working Group under the Chairmanship of Shri M. S. Verma, former Chairman of State Bank of India and presently Adviser to the Reserve Bank, to suggest measures for revival of weak public sector banks, with the following members :(i)Shri K. R. Ramamurthy, Chairman, Vysya Bank Limited(ii)Shri M. M. Chitale, Chartered Accountant (former President, Institute of Chartered Accoun
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