Press Releases - Regulating Commercial Banking - RBI - Reserve Bank of India
Press Releases
May 19, 2016
RBI aligns Rules for Investment in Credit Information Companies (CICs)
The Reserve Bank of India has, in supersession of its directive dated November 29, 2013, revised its directions (DBR. CID. BC. No.98/20.16.042/2015-16 dated May 19, 2016), allowing higher Foreign Direct Investment (FDI) limits in Credit Information Companies (CICs) to entities which have an established track record of running a Credit Information Bureau in a well regulated environment, as under: up to 49 per cent if ownership of the investor company is not well divers
The Reserve Bank of India has, in supersession of its directive dated November 29, 2013, revised its directions (DBR. CID. BC. No.98/20.16.042/2015-16 dated May 19, 2016), allowing higher Foreign Direct Investment (FDI) limits in Credit Information Companies (CICs) to entities which have an established track record of running a Credit Information Bureau in a well regulated environment, as under: up to 49 per cent if ownership of the investor company is not well divers
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May 16, 2016
Pay IT dues in advance at RBI or at authorised bank branches - June 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
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
May 12, 2016
RBI releases Discussion Paper on Framework for enhancing Credit Supply for Large Borrowers through Market Mechanism
The Reserve Bank of India today placed on its website the Discussion Paper (DP) on Framework for enhancing Credit Supply for Large Borrowers through Market Mechanism. Absence of an overarching ceiling on total bank borrowing by a corporate entity from the banking system has resulted in banks collectively having very high exposures to some of the large corporates in India. The proposed Framework is proposed with a view to mitigating the risk posed to the banking system
The Reserve Bank of India today placed on its website the Discussion Paper (DP) on Framework for enhancing Credit Supply for Large Borrowers through Market Mechanism. Absence of an overarching ceiling on total bank borrowing by a corporate entity from the banking system has resulted in banks collectively having very high exposures to some of the large corporates in India. The proposed Framework is proposed with a view to mitigating the risk posed to the banking system
May 12, 2016
RBI tweaks Guidelines on Ownership/Shareholding in Private Sector Banks
The Reserve Bank of India has reviewed the extant guidelines on ownership in private sector banks which envisaged diversified shareholding in private sector banks by a single entity/corporate entity/group of related entities. The guidelines have been reviewed against the background of the guidelines on licensing of new banks in the private sector issued in February 2013, the need for additional capital for the banks consequent to the implementation of Basel III capita
The Reserve Bank of India has reviewed the extant guidelines on ownership in private sector banks which envisaged diversified shareholding in private sector banks by a single entity/corporate entity/group of related entities. The guidelines have been reviewed against the background of the guidelines on licensing of new banks in the private sector issued in February 2013, the need for additional capital for the banks consequent to the implementation of Basel III capita
May 12, 2016
Scheduled Bank's Statement of Position in India as on Friday, April 29, 2016
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 1-May-15 15-APR-2016 * 29-APR-2016 * 1-May-15 15-APR-2016 * 29-APR-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1176.51 1553.88 1535.48 1229.74 1621.19 1602.14 ** b) Borrowings from banks 414.95 604.04 643.12 416.69 606.17 645.83 c) Other demand & time liabilities 60.06 56.03 82.34 60.12 56.05 82.34 II LIABILITIES TO OTHERS (A) a) Deposit
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 1-May-15 15-APR-2016 * 29-APR-2016 * 1-May-15 15-APR-2016 * 29-APR-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1176.51 1553.88 1535.48 1229.74 1621.19 1602.14 ** b) Borrowings from banks 414.95 604.04 643.12 416.69 606.17 645.83 c) Other demand & time liabilities 60.06 56.03 82.34 60.12 56.05 82.34 II LIABILITIES TO OTHERS (A) a) Deposit
May 05, 2016
RBI releases “Draft Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector”
The Reserve Bank of India today released on its website, “Draft Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector”. It has sought views/comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large. Suggestions and comments on the draft guidelines may be sent by June 30, 2016 to the Chief General Manager, Reserve Bank of India, Department of Banking Regulation, Ce
The Reserve Bank of India today released on its website, “Draft Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector”. It has sought views/comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large. Suggestions and comments on the draft guidelines may be sent by June 30, 2016 to the Chief General Manager, Reserve Bank of India, Department of Banking Regulation, Ce
Apr 27, 2016
Scheduled Bank's Statement of Position in India as on Friday, April 15, 2016
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 17-APR-2015 01-APR-2016 * 15-APR-2016 * 17-APR-2015 01-APR-2016 * 15-APR-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1155.47 1668.72 1553.88 1208.93 1735.08 1621.19 ** b) Borrowings from banks 407.78 511.67 604.04 410.46 514.87 606.17 c) Other demand & time liabilities 58.97 55.32 56.03 59.02 55.32 56.05 II LIABILITIES TO OTHERS (A) a) D
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 17-APR-2015 01-APR-2016 * 15-APR-2016 * 17-APR-2015 01-APR-2016 * 15-APR-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1155.47 1668.72 1553.88 1208.93 1735.08 1621.19 ** b) Borrowings from banks 407.78 511.67 604.04 410.46 514.87 606.17 c) Other demand & time liabilities 58.97 55.32 56.03 59.02 55.32 56.05 II LIABILITIES TO OTHERS (A) a) D
Apr 27, 2016
Capital Small Finance Bank Ltd. commences Operations
The Reserve Bank of India has today notified that Capital Small Finance Bank Ltd. commenced its operations as a small finance bank (SFB) with effect from April 24, 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 small finance bank in India. The Capital Small Finance Bank Ltd. has been set up by converting the erstwhile Capital Local Area Bank Ltd. Consequently, Capital Local A
The Reserve Bank of India has today notified that Capital Small Finance Bank Ltd. commenced its operations as a small finance bank (SFB) with effect from April 24, 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 small finance bank in India. The Capital Small Finance Bank Ltd. has been set up by converting the erstwhile Capital Local Area Bank Ltd. Consequently, Capital Local A
Apr 26, 2016
17th Meeting of the FSDC Sub-Committee - Mumbai
A meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC) was held today in Mumbai. Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, chaired the meeting. The meeting was attended by Dr. Arvind Subramanian, Chief Economic Adviser, Ministry of Finance; Shri U. K. Sinha, Chairman, Securities and Exchange Board of India (SEBI); Shri T. S. Vijayan, Chairman, Insurance Regulatory and Development Authority of India (IRDAI); Shri Hemant G
A meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC) was held today in Mumbai. Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, chaired the meeting. The meeting was attended by Dr. Arvind Subramanian, Chief Economic Adviser, Ministry of Finance; Shri U. K. Sinha, Chairman, Securities and Exchange Board of India (SEBI); Shri T. S. Vijayan, Chairman, Insurance Regulatory and Development Authority of India (IRDAI); Shri Hemant G
Apr 21, 2016
Comprehensive Master Directions on Amalgamation of Private Sector Banks
The Reserve Bank of India today issued the Master Directions on Amalgamation of Private Sector Banks. The Master Directions issued today consolidates all relevant instructions issued by the Reserve Bank of India (RBI) so far on the subject and will be applicable to all private sector banks licensed to operate in India by the RBI and to the extent appropriate to the Non-Banking Financial Companies (NBFC) registered with the RBI and public sector banks. Background The R
The Reserve Bank of India today issued the Master Directions on Amalgamation of Private Sector Banks. The Master Directions issued today consolidates all relevant instructions issued by the Reserve Bank of India (RBI) so far on the subject and will be applicable to all private sector banks licensed to operate in India by the RBI and to the extent appropriate to the Non-Banking Financial Companies (NBFC) registered with the RBI and public sector banks. Background The R
Apr 21, 2016
Comprehensive Master Directions on Issue and Pricing of shares by Private Sector Banks
The Reserve Bank of India today issued the Master Directions on Issue and Pricing of shares by Private Sector Banks. The Master Directions issued today consolidates all relevant instructions issued by the Reserve Bank of India (RBI) so far on the subject and will be applicable to all private sector banks licensed to operate in India by the RBI. Background The Reserve Bank of India has started issuing Master Directions on all regulatory matters beginning January 2016 t
The Reserve Bank of India today issued the Master Directions on Issue and Pricing of shares by Private Sector Banks. The Master Directions issued today consolidates all relevant instructions issued by the Reserve Bank of India (RBI) so far on the subject and will be applicable to all private sector banks licensed to operate in India by the RBI. Background The Reserve Bank of India has started issuing Master Directions on all regulatory matters beginning January 2016 t
Apr 20, 2016
Scheduled Bank's Statement of Position in India as on Friday, April 01, 2016
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 03-APR-2015 18-MAR-2016 * 01-APR-2016 * 03-APR-2015 18-MAR-2016 * 01-APR-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1301.81 1513.43 1668.72 1355.68 1575.75 1735.08 ** b) Borrowings from banks 432.9 647.25 511.67 435.2 648.28 514.87 c) Other demand & time liabilities 66.56 84.16 55.32 66.56 84.16 55.32 II LIABILITIES TO OTHERS (A) a) Dep
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 03-APR-2015 18-MAR-2016 * 01-APR-2016 * 03-APR-2015 18-MAR-2016 * 01-APR-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1301.81 1513.43 1668.72 1355.68 1575.75 1735.08 ** b) Borrowings from banks 432.9 647.25 511.67 435.2 648.28 514.87 c) Other demand & time liabilities 66.56 84.16 55.32 66.56 84.16 55.32 II LIABILITIES TO OTHERS (A) a) Dep
Apr 13, 2016
FATF’s Public Statement on AML/CFT Compliance
The Financial Action Task Force (FATF) has called on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdictions of Iran and Democratic People's Republic of Korea (DPRK). FATF has further identified the following jurisdictions as having developed an action plan with the FATF to deal with strategic AML
The Financial Action Task Force (FATF) has called on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdictions of Iran and Democratic People's Republic of Korea (DPRK). FATF has further identified the following jurisdictions as having developed an action plan with the FATF to deal with strategic AML
Mar 30, 2016
Scheduled Bank's Statement of Position in India as on Friday, March 18, 2016
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 20-MAR-2015 04-MAR-2016 * 18-MAR-2016 * 20-MAR-2015 04-MAR-2016 * 18-MAR-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1101.96 1535.99 1513.43 1153.66 1597.79 1575.75 ** b) Borrowings from banks 398.16 613.93 647.25 404.1 618.44 648.28 c) Other demand & time liabilities 61.42 78 84.16 61.47 78 84.16 II LIABILITIES TO OTHERS (A) a) Deposits
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 20-MAR-2015 04-MAR-2016 * 18-MAR-2016 * 20-MAR-2015 04-MAR-2016 * 18-MAR-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1101.96 1535.99 1513.43 1153.66 1597.79 1575.75 ** b) Borrowings from banks 398.16 613.93 647.25 404.1 618.44 648.28 c) Other demand & time liabilities 61.42 78 84.16 61.47 78 84.16 II LIABILITIES TO OTHERS (A) a) Deposits
Mar 29, 2016
RBI clarifies its Directions on MCLR System
The Reserve Bank of India today clarified some of the provisions of Reserve Bank of India (Interest Rate on Advances) Directions, 2016 (hereinafter called the Directions) relating to the Marginal Cost of Funds based Lending Rate (MCLR) system which comes into effect on April 01, 2016. The changes are: 1. Fixed Rate Loans As per Section 13(d)(v) of the Directions, fixed rate loans are exempted from being linked to MCLR as the benchmark for determining interest rate. On
The Reserve Bank of India today clarified some of the provisions of Reserve Bank of India (Interest Rate on Advances) Directions, 2016 (hereinafter called the Directions) relating to the Marginal Cost of Funds based Lending Rate (MCLR) system which comes into effect on April 01, 2016. The changes are: 1. Fixed Rate Loans As per Section 13(d)(v) of the Directions, fixed rate loans are exempted from being linked to MCLR as the benchmark for determining interest rate. On
Mar 16, 2016
Scheduled Bank's Statement of Position in India as on Friday, March 04, 2016
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 06-MAR-2015 19-FEB-2016 * 04-MAR-2016 * 06-MAR-2015 19-FEB-2016 * 04-MAR-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1098.65 1571.93 1535.99 1149.74 1631.57 1597.79 ** b) Borrowings from banks 401.99 590.44 613.93 406.39 594.21 618.44 c) Other demand & time liabilities 53.32 65.5 78 53.39 65.55 78 II LIABILITIES TO OTHERS (A) a) Deposits
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 06-MAR-2015 19-FEB-2016 * 04-MAR-2016 * 06-MAR-2015 19-FEB-2016 * 04-MAR-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1098.65 1571.93 1535.99 1149.74 1631.57 1597.79 ** b) Borrowings from banks 401.99 590.44 613.93 406.39 594.21 618.44 c) Other demand & time liabilities 53.32 65.5 78 53.39 65.55 78 II LIABILITIES TO OTHERS (A) a) Deposits
Mar 08, 2016
RBI signs Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Bank of Israel
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Israel. The MoU was signed by Dr Hedva Ber, Supervisor of banks on behalf of Bank of Israel and Mrs. Parvathy V. Sundaram, Chief General Manager-in-Charge, Department of Banking Supervision on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter for Supervisory Co-operat
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Israel. The MoU was signed by Dr Hedva Ber, Supervisor of banks on behalf of Bank of Israel and Mrs. Parvathy V. Sundaram, Chief General Manager-in-Charge, Department of Banking Supervision on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter for Supervisory Co-operat
Mar 04, 2016
Scheduled Bank's Statement of Position in India as on Friday, February 19, 2016
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 20-FEB-2015 05-FEB-2016 * 19-FEB-2016 * 20-FEB-2015 05-FEB-2016 * 19-FEB-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1062.83 1565.28 1571.93 1113.55 1624.69 1631.57 ** b) Borrowings from banks 362.31 623.07 590.44 365.39 623.98 594.21 c) Other demand & time liabilities 57.68 98.31 65.5 57.74 98.31 65.55 II LIABILITIES TO OTHERS (A) a) De
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 20-FEB-2015 05-FEB-2016 * 19-FEB-2016 * 20-FEB-2015 05-FEB-2016 * 19-FEB-2016 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1062.83 1565.28 1571.93 1113.55 1624.69 1631.57 ** b) Borrowings from banks 362.31 623.07 590.44 365.39 623.98 594.21 c) Other demand & time liabilities 57.68 98.31 65.5 57.74 98.31 65.55 II LIABILITIES TO OTHERS (A) a) De
Mar 03, 2016
Comprehensive Master Directions on Interest Rates on Deposits and Advances
The Reserve Bank of India today issued the Master Directions (MD) on Interest Rates on Deposits and Advances. While the MD on Interest Rates on Deposits is applicable to all Scheduled Commercial Banks (including RRBs) accepting deposits in rupee and foreign currency, the MD on Interest Rates on Advances are applicable to all Scheduled Commercial Banks (excluding RRBs), granting rupee and foreign currency advances to their customers.Background The Reserve Bank of India
The Reserve Bank of India today issued the Master Directions (MD) on Interest Rates on Deposits and Advances. While the MD on Interest Rates on Deposits is applicable to all Scheduled Commercial Banks (including RRBs) accepting deposits in rupee and foreign currency, the MD on Interest Rates on Advances are applicable to all Scheduled Commercial Banks (excluding RRBs), granting rupee and foreign currency advances to their customers.Background The Reserve Bank of India
Mar 01, 2016
RBI brings Capital Treatment of Banks' Balance Sheet Items in closer Alignment with Basel Framework
On a review of the existing capital adequacy guidelines, the Reserve Bank of India today made some amendments to the treatment of certain balance sheet items for the purposes of determining banks' regulatory capital. The review was carried out with a view to further aligning the definition of regulatory capital with the internationally adopted Basel III capital standards, issued by the Basel Committee on Banking Supervision (BCBS). The salient features of the amendmen
On a review of the existing capital adequacy guidelines, the Reserve Bank of India today made some amendments to the treatment of certain balance sheet items for the purposes of determining banks' regulatory capital. The review was carried out with a view to further aligning the definition of regulatory capital with the internationally adopted Basel III capital standards, issued by the Basel Committee on Banking Supervision (BCBS). The salient features of the amendmen
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