Press Releases - Regulating Commercial Banking - RBI - Reserve Bank of India
Press Releases
Jan 24, 2003
Quarterly Handout: Aggregate Deposits and Gross Bank Credit of all Scheduled Commercial Banks - As on the last Friday of September 2002
'Banking Statistics: Quarterly Handout – September 2002' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on the last Friday of September 2002.The data have been presented according to top hundred centres, states, districts, population groups and bank groups. The primary data have been collected from all scheduled commercial banks through the BSR-7 return. The top hundred centres arranged according to the size of deposits acco
'Banking Statistics: Quarterly Handout – September 2002' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on the last Friday of September 2002.The data have been presented according to top hundred centres, states, districts, population groups and bank groups. The primary data have been collected from all scheduled commercial banks through the BSR-7 return. The top hundred centres arranged according to the size of deposits acco
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Dec 19, 2002
Working Group on Lenders' Liability Laws
The Government of India had constituted a Working Group to study Lenders' Liability Laws of other countries and their implications on the borrowers, lenders, regulators and other stakeholders and to make recommendations regarding legislative proposals suitable for Indian conditions. The Group submitted its report in October 2002. After considering the pros and cons of the issue, the Group has recommended that for the time being a Fair Practices Code may be framed by t
The Government of India had constituted a Working Group to study Lenders' Liability Laws of other countries and their implications on the borrowers, lenders, regulators and other stakeholders and to make recommendations regarding legislative proposals suitable for Indian conditions. The Group submitted its report in October 2002. After considering the pros and cons of the issue, the Group has recommended that for the time being a Fair Practices Code may be framed by t
Dec 14, 2002
Bank Loans only against Relief Bonds
It was reported in a section of the press today that the Reserve Bank of India has allowed banks to sanction loans against Relief Bonds.The Reserve Bank of India has clarified that as per Government of India instructions, banks are allowed to sanction loans against Relief Bonds only. This facility is not available against 7 per cent Savings Bonds, 2002, which is a new scheme introduced in October 2002. The 7 per cent Savings Bonds 2002, which were introduced from Octo
It was reported in a section of the press today that the Reserve Bank of India has allowed banks to sanction loans against Relief Bonds.The Reserve Bank of India has clarified that as per Government of India instructions, banks are allowed to sanction loans against Relief Bonds only. This facility is not available against 7 per cent Savings Bonds, 2002, which is a new scheme introduced in October 2002. The 7 per cent Savings Bonds 2002, which were introduced from Octo
Dec 04, 2002
Annual Accounts of Scheduled Commercial Banks : 1989-90 to 2000-01 available on CD-ROM
The Reserve Bank of India has released a compendium in the form of a CD-ROM containing annual accounts data of Scheduled Commercial Banks (including Regional Rural Banks) for the period 1989-90 to 2000-01. The CD-Rom contains bank-wise information on items of liabilities, assets, earnings and expenses and also the following business ratios disclosed by the banks as a part of the `notes on annual accounts' from the year 1997-98:Capital Adequacy Ratio,Net NPA as a perce
The Reserve Bank of India has released a compendium in the form of a CD-ROM containing annual accounts data of Scheduled Commercial Banks (including Regional Rural Banks) for the period 1989-90 to 2000-01. The CD-Rom contains bank-wise information on items of liabilities, assets, earnings and expenses and also the following business ratios disclosed by the banks as a part of the `notes on annual accounts' from the year 1997-98:Capital Adequacy Ratio,Net NPA as a perce
Nov 16, 2002
Proposed Amalgamation of the Nedungadi Bank Ltd. with Punjab National Bank: Information for the Public
In view of the press reports regarding the movement of share prices of Nedungadi Bank Ltd., the Reserve Bank of India has invited public attention to a clause (clause 7(1) of Chapter IV) in the draft scheme of amalgamation of Nedungadi Bank Ltd. with Punjab National Bank which prescribes that the entire amount of the paid up capital and reserves of the Nedungadi Bank Ltd. would be treated as provision for bad and doubtful debts and depreciation and other assets of the
In view of the press reports regarding the movement of share prices of Nedungadi Bank Ltd., the Reserve Bank of India has invited public attention to a clause (clause 7(1) of Chapter IV) in the draft scheme of amalgamation of Nedungadi Bank Ltd. with Punjab National Bank which prescribes that the entire amount of the paid up capital and reserves of the Nedungadi Bank Ltd. would be treated as provision for bad and doubtful debts and depreciation and other assets of the
Nov 15, 2002
RBI releases Report on Trend and Progress of Banking in India - 2001-02
The Reserve Bank of India today released its Report on Trend and Progress of Banking in India 2001-02. The Report gives a detailed account of the performance of commercial banks, co-operative banks, financial institutions and non-banking financial companies (NBFCs). The Report also gives information on developments in the policy environment and in the regulatory and supervisory framework applicable to these financial entities. The Report is divided into five chapters
The Reserve Bank of India today released its Report on Trend and Progress of Banking in India 2001-02. The Report gives a detailed account of the performance of commercial banks, co-operative banks, financial institutions and non-banking financial companies (NBFCs). The Report also gives information on developments in the policy environment and in the regulatory and supervisory framework applicable to these financial entities. The Report is divided into five chapters
Oct 07, 2002
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on the last Friday of June 2002
'Banking Statistics: Quarterly Handout – June 2002' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on the last Friday of June 2002.The data have been classified according to top hundred centres, states, districts, population groups and bank groups. The primary data have been collected from all scheduled commercial banks through the BSR-7 returns. The top hundred centres arranged according to the size of deposits accounted fo
'Banking Statistics: Quarterly Handout – June 2002' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on the last Friday of June 2002.The data have been classified according to top hundred centres, states, districts, population groups and bank groups. The primary data have been collected from all scheduled commercial banks through the BSR-7 returns. The top hundred centres arranged according to the size of deposits accounted fo
Sep 06, 2002
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 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's/designated b
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 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's/designated b
Aug 19, 2002
No Immediate Bank Rate Cut : RBI
Reacting to a report in a section of the press today, quoting unnamed official sources, the official spokesperson of the Reserve Bank of India said that at present there is no immediate proposal under consideration to cut Bank Rate by 0.5 per cent. Alpana Killawala General ManagerPress Release: 2002-2003/180
Reacting to a report in a section of the press today, quoting unnamed official sources, the official spokesperson of the Reserve Bank of India said that at present there is no immediate proposal under consideration to cut Bank Rate by 0.5 per cent. Alpana Killawala General ManagerPress Release: 2002-2003/180
Jul 03, 2002
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on March 31, 2002
"Banking Statistics: Quarterly Handout – March 2002" provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 2002.The data have been classified according to top one hundred centres, states, districts, population groups and bank groups. The primary data have been collected from all scheduled commercial banks through the BSR-7 returns. The gross bank credit data includes aggregate net advances of ICICI Limited, ICICI Perso
"Banking Statistics: Quarterly Handout – March 2002" provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on March 31, 2002.The data have been classified according to top one hundred centres, states, districts, population groups and bank groups. The primary data have been collected from all scheduled commercial banks through the BSR-7 returns. The gross bank credit data includes aggregate net advances of ICICI Limited, ICICI Perso
Jun 20, 2002
Amalgamation of the Benares State Bank Ltd. with Bank of Baroda
On the application of the Reserve Bank of India under Sub-Section (1) of Section 45 of the Banking Regulation Act, 1949, the Central Government had made an Order of Moratorium in respect of the Benares State Bank Ltd. under Sub-Section (2) of the said Section with effect from the close of business on January 22, 2002 to July 21, 2002 (inclusive). During the period of moratorium, Reserve Bank of India had prepared a Draft Scheme of Amalgamation of the Benares State Ban
On the application of the Reserve Bank of India under Sub-Section (1) of Section 45 of the Banking Regulation Act, 1949, the Central Government had made an Order of Moratorium in respect of the Benares State Bank Ltd. under Sub-Section (2) of the said Section with effect from the close of business on January 22, 2002 to July 21, 2002 (inclusive). During the period of moratorium, Reserve Bank of India had prepared a Draft Scheme of Amalgamation of the Benares State Ban
Jun 07, 2002
Indian Promoters' can hold 49 per cent in Private Banks
In order to provide a level playing field, it has been decided to raise the maximum limit of shareholding of Indian promoters in private sector banks from 40 per cent to 49 per cent of their paid up capital. In terms of the revised guidelines for entry of new private sector banks issued on January 3, 2001 promoters’ contribution for setting up a new bank was restricted to 40 per cent of the paid up capital of the bank at any point of time. In case the initial contribu
In order to provide a level playing field, it has been decided to raise the maximum limit of shareholding of Indian promoters in private sector banks from 40 per cent to 49 per cent of their paid up capital. In terms of the revised guidelines for entry of new private sector banks issued on January 3, 2001 promoters’ contribution for setting up a new bank was restricted to 40 per cent of the paid up capital of the bank at any point of time. In case the initial contribu
May 20, 2002
All RBI regulated Entities to hold G-Secs in Demat Form
The Reserve Bank of India, has been, over a period of time, encouraging holding of government securities in dematerialised form. At present 99% of the trading in government securities takes place through SGL accounts with RBI for which the Delivery versus Payment (DVP) system ensures simultaneous transfer of securities against funds. In the light of recent fraudulent transactions in the guise of Government securities transactions in physical format by a few co-operati
The Reserve Bank of India, has been, over a period of time, encouraging holding of government securities in dematerialised form. At present 99% of the trading in government securities takes place through SGL accounts with RBI for which the Delivery versus Payment (DVP) system ensures simultaneous transfer of securities against funds. In the light of recent fraudulent transactions in the guise of Government securities transactions in physical format by a few co-operati
May 18, 2002
RBI advances the date for reduction in the CRR: Reduction to be effective from next reporting fortnight beginning June 1, 2002
On a review of the present liquidity situation, the Reserve Bank of India has today announced advancement of the date for reduction in cash reserve ratio (CRR). Banks will have to maintain CRR at 5 per cent as against the present level of 5.5 per cent effective next reporting fortnight beginning June 1, 2002. It may be recalled that in the Monetary and Credit Policy for the year 2002-2003, it was proposed to reduce cash reserve ratio (CRR) by 50 basis points effective
On a review of the present liquidity situation, the Reserve Bank of India has today announced advancement of the date for reduction in cash reserve ratio (CRR). Banks will have to maintain CRR at 5 per cent as against the present level of 5.5 per cent effective next reporting fortnight beginning June 1, 2002. It may be recalled that in the Monetary and Credit Policy for the year 2002-2003, it was proposed to reduce cash reserve ratio (CRR) by 50 basis points effective
Apr 26, 2002
Merger of ICICI Ltd. with ICICI Bank Ltd.
An application for merger of ICICI Ltd. with ICICI Bank Ltd. was submitted to the Reserve Bank of India (RBI) on October 25, 2001 for regulatory approvals. The Reserve Bank examined the request keeping in view the statutory, regulatory and other prudential requirements and the need for compliance by ICICI Bank Ltd. with the various provisions of the Banking Regulation Act, 1949.It will be recalled that the Scheme of Merger has already received the sanction of High Cou
An application for merger of ICICI Ltd. with ICICI Bank Ltd. was submitted to the Reserve Bank of India (RBI) on October 25, 2001 for regulatory approvals. The Reserve Bank examined the request keeping in view the statutory, regulatory and other prudential requirements and the need for compliance by ICICI Bank Ltd. with the various provisions of the Banking Regulation Act, 1949.It will be recalled that the Scheme of Merger has already received the sanction of High Cou
Apr 02, 2002
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks Quarterly Handout: As on Last Friday of December 2001
'Banking Statistics: Quarterly Handout – December 2001' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of December 2001. The data have been classified according to top hundred centers, states, districts, population groups and bank groups. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. The top hundred centres arranged according to size of deposits accounted fo
'Banking Statistics: Quarterly Handout – December 2001' provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of December 2001. The data have been classified according to top hundred centers, states, districts, population groups and bank groups. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. The top hundred centres arranged according to size of deposits accounted fo
Mar 28, 2002
RBI Counters in Mumbai and Navi Mumbai to remain open on March 30 and March 31, 2002 for Tax Collection
The Reserve Bank of India counters in Mumbai and Navi Mumbai will be kept open for payment of taxes on Saturday, March 30, 2002 and Sunday, March 31, 2002 as per the normal banking hours available on any other weekday - that is, from 10.30 am to 2.30 pm for cash transactions and upto 4.15 pm for non-cash transactions. Tax payers are advised to take advantage of the arrangements made for their convenience. Alpana Killawala General ManagerPress Release No.2001-2002/1085
The Reserve Bank of India counters in Mumbai and Navi Mumbai will be kept open for payment of taxes on Saturday, March 30, 2002 and Sunday, March 31, 2002 as per the normal banking hours available on any other weekday - that is, from 10.30 am to 2.30 pm for cash transactions and upto 4.15 pm for non-cash transactions. Tax payers are advised to take advantage of the arrangements made for their convenience. Alpana Killawala General ManagerPress Release No.2001-2002/1085
Mar 27, 2002
RBI Counters to remain open on March 30 and March 31, 2002 for Tax Collection
Keeping in view the holidays coinciding with the closure of Government accounts for the current financial year (2001-2002) arrangements have been made to receive Government taxes at Reserve Bank of India, Mumbai.Accordingly, the Reserve Bank counters will be kept open for payment of taxes on Saturday, March 30, 2002 and Sunday, March 31, 2002 as per the normal banking hours available on any other weekday - that is, from 10.30 am to 2.30 pm for cash transactions and up
Keeping in view the holidays coinciding with the closure of Government accounts for the current financial year (2001-2002) arrangements have been made to receive Government taxes at Reserve Bank of India, Mumbai.Accordingly, the Reserve Bank counters will be kept open for payment of taxes on Saturday, March 30, 2002 and Sunday, March 31, 2002 as per the normal banking hours available on any other weekday - that is, from 10.30 am to 2.30 pm for cash transactions and up
Feb 06, 2002
RBI Working Group Report on Consolidated Accounting released on Site for Comments
The Reserve Bank of India has today placed on its website the report of the Working Group on Consolidated Accounting and Other Quantitative Methods to facilitate Consolidated Supervision. The Working Group was headed by Shri Vipin Malik, Director, Bharatiya Note Mudran Limited, Former Director, Central Board of RBI and a Chartered Accountant. It has requested interested parties to offer their suggestions to the Chief General Manager-in-Charge, Department of Banking Op
The Reserve Bank of India has today placed on its website the report of the Working Group on Consolidated Accounting and Other Quantitative Methods to facilitate Consolidated Supervision. The Working Group was headed by Shri Vipin Malik, Director, Bharatiya Note Mudran Limited, Former Director, Central Board of RBI and a Chartered Accountant. It has requested interested parties to offer their suggestions to the Chief General Manager-in-Charge, Department of Banking Op
Jan 24, 2002
Benares State Bank Ltd. under moratorium
On the recommendations of the Reserve Bank of India, Government of India has passed on January 22, 2002, an order of moratorium of the Benares State Bank Ltd. under Section 45(2) of the Banking Regulation Act, 1949, which will remain in force up to and inclusive of April 21, 2002. During the period of moratorium, the bank is permitted to make only those payments as have been specified in the order of moratorium. The order of moratorium has been passed by the Governmen
On the recommendations of the Reserve Bank of India, Government of India has passed on January 22, 2002, an order of moratorium of the Benares State Bank Ltd. under Section 45(2) of the Banking Regulation Act, 1949, which will remain in force up to and inclusive of April 21, 2002. During the period of moratorium, the bank is permitted to make only those payments as have been specified in the order of moratorium. The order of moratorium has been passed by the Governmen
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