Press Releases - Regulating Commercial Banking - RBI - Reserve Bank of India
Press Releases
Dec 20, 2017
Scheduled Banks’ Statement of Position in India as on Friday, December 08, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 09-DEC-2016 24-NOV-2017 * 08-DEC-2017 * 09-DEC-2016 24-NOV-2017 * 08-DEC-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1766.9 1379.28 1391.02 1840.84 1429.02 1441.51 ** b) Borrowings from banks 615.45 620.66 621.61 617.56 620.87 621.83 c) Other demand & time liabilities 110.25 155.6 109.04 110.25 156.96 110.4 II LIABILITIES TO OTHERS (A) a
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 09-DEC-2016 24-NOV-2017 * 08-DEC-2017 * 09-DEC-2016 24-NOV-2017 * 08-DEC-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1766.9 1379.28 1391.02 1840.84 1429.02 1441.51 ** b) Borrowings from banks 615.45 620.66 621.61 617.56 620.87 621.83 c) Other demand & time liabilities 110.25 155.6 109.04 110.25 156.96 110.4 II LIABILITIES TO OTHERS (A) a
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Dec 18, 2017
Marginal Cost of Funds Based Lending Rate (MCLR) for the month of November 2017
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of November 2017. Ajit Prasad Assistant Adviser Press Release: 2017-2018/1665
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of November 2017. Ajit Prasad Assistant Adviser Press Release: 2017-2018/1665
Dec 15, 2017
Reserve Bank of India imposes monetary penalty on Syndicate Bank
The Reserve Bank of India (RBI) has imposed, on December 12, 2017, a monetary penalty of ₹ 50 million on Syndicate Bank (the bank) for non-compliance with the directions/guidelines issued by RBI on cheque purchase/discounting, bill discounting, and Know Your Customer (KYC)/Anti-Money Laundering (AML) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Ac
The Reserve Bank of India (RBI) has imposed, on December 12, 2017, a monetary penalty of ₹ 50 million on Syndicate Bank (the bank) for non-compliance with the directions/guidelines issued by RBI on cheque purchase/discounting, bill discounting, and Know Your Customer (KYC)/Anti-Money Laundering (AML) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Ac
Dec 13, 2017
Reserve Bank of India imposes monetary penalty on IndusInd Bank Limited
The Reserve Bank of India (RBI) has imposed on December 12, 2017, a monetary penalty of ₹ 30 million on IndusInd Bank Limited (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and contravention of regulatory restrictions pertaining to non-fund based (NFB) facilities. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4
The Reserve Bank of India (RBI) has imposed on December 12, 2017, a monetary penalty of ₹ 30 million on IndusInd Bank Limited (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms and contravention of regulatory restrictions pertaining to non-fund based (NFB) facilities. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4
Dec 07, 2017
Scheduled Banks’ Statement of Position in India as on Friday, November 24, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 25-Nov-2016 10-NOV-2017 * 24-NOV-2017 * 25-Nov-2016 10-NOV-2017 * 24-NOV-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1893.17 1394.15 1379.08 1963.48 1444.69 1428.82 ** b) Borrowings from banks 500.75 618.71 619.53 501.47 619.57 619.74 c) Other demand & time liabilities 40.45 141.78 155.65 40.45 142.78 157.01 II LIABILITIES TO OTHERS (A)
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 25-Nov-2016 10-NOV-2017 * 24-NOV-2017 * 25-Nov-2016 10-NOV-2017 * 24-NOV-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1893.17 1394.15 1379.08 1963.48 1444.69 1428.82 ** b) Borrowings from banks 500.75 618.71 619.53 501.47 619.57 619.74 c) Other demand & time liabilities 40.45 141.78 155.65 40.45 142.78 157.01 II LIABILITIES TO OTHERS (A)
Dec 05, 2017
Reserve Bank cautions regarding risk of virtual currencies including Bitcoins
Attention of members of public is drawn to the Press Release issued by the Reserve Bank of India (RBI) on December 24, 2013, cautioning users, holders and traders of Virtual Currencies (VCs) including Bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with such VCs. Vide press release dated February 1, 2017, RBI has also clarified that it has not given any licence/authorisation
Attention of members of public is drawn to the Press Release issued by the Reserve Bank of India (RBI) on December 24, 2013, cautioning users, holders and traders of Virtual Currencies (VCs) including Bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with such VCs. Vide press release dated February 1, 2017, RBI has also clarified that it has not given any licence/authorisation
Nov 28, 2017
RBI releases 'Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: September 2017
Today, the Reserve Bank released the Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs) as on September 30, 2017. These data cover all SCBs including Regional Rural Banks (RRBs) as well as two small finance banks and two foreign banks, which were added to the Second Schedule of the Reserve Bank of India Act, 1934 during the quarter. These data on aggregate deposits disaggregated by type of deposits, and total credit classified by states,
Today, the Reserve Bank released the Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs) as on September 30, 2017. These data cover all SCBs including Regional Rural Banks (RRBs) as well as two small finance banks and two foreign banks, which were added to the Second Schedule of the Reserve Bank of India Act, 1934 during the quarter. These data on aggregate deposits disaggregated by type of deposits, and total credit classified by states,
Nov 23, 2017
Scheduled Banks’ Statement of Position in India as on Friday, November 10, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 11-Nov-16 27-OCT-2017 * 10-NOV-2017 * 11-Nov-16 27-OCT-2017 * 10-NOV-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1644.23 1432.55 1394.57 1732.8 1483.31 1445.11 ** b) Borrowings from banks 635.64 580.3 618.71 636.61 580.6 619.57 c) Other demand & time liabilities 42.22 120.99 141.14 42.22 122.22 142.14 II LIABILITIES TO OTHERS (A) a) Depo
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 11-Nov-16 27-OCT-2017 * 10-NOV-2017 * 11-Nov-16 27-OCT-2017 * 10-NOV-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1644.23 1432.55 1394.57 1732.8 1483.31 1445.11 ** b) Borrowings from banks 635.64 580.3 618.71 636.61 580.6 619.57 c) Other demand & time liabilities 42.22 120.99 141.14 42.22 122.22 142.14 II LIABILITIES TO OTHERS (A) a) Depo
Nov 16, 2017
Marginal Cost of Funds Based Lending Rate (MCLR) for the month of October 2017
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2017. Ajit Prasad Assistant Adviser Press Release: 2017-2018/1351
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2017. Ajit Prasad Assistant Adviser Press Release: 2017-2018/1351
Nov 16, 2017
Marginal Cost of Funds Based Lending Rate (MCLR) for the Quarter ended September 2017
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the Quarter July 2017 -September 2017. Ajit Prasad Assistant Adviser Press Release: 2017-2018/1353
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the Quarter July 2017 -September 2017. Ajit Prasad Assistant Adviser Press Release: 2017-2018/1353
Nov 08, 2017
Scheduled Banks’ Statement of Position in India as on Friday, October 27, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 28-Oct-16 13-OCT-2017 * 27-OCT-2017 * 28-Oct-16 13-OCT-2017 * 27-OCT-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1579.61 1437.08 1432.51 1646.74 1488.59 1483.27 ** b) Borrowings from banks 590.74 627.92 583.33 591.43 628.26 583.63 c) Other demand & time liabilities 77.16 103.55 120.99 77.16 104.78 122.22 II LIABILITIES TO OTHERS (A) a) D
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 28-Oct-16 13-OCT-2017 * 27-OCT-2017 * 28-Oct-16 13-OCT-2017 * 27-OCT-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1579.61 1437.08 1432.51 1646.74 1488.59 1483.27 ** b) Borrowings from banks 590.74 627.92 583.33 591.43 628.26 583.63 c) Other demand & time liabilities 77.16 103.55 120.99 77.16 104.78 122.22 II LIABILITIES TO OTHERS (A) a) D
Oct 31, 2017
Sectoral Deployment of Bank Credit - September 2017
Data on sectoral deployment of bank credit collected from select 41 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of September 2017 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit increased by 6.1 per cent in September 2017 as compared with an increase of 10
Data on sectoral deployment of bank credit collected from select 41 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of September 2017 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit increased by 6.1 per cent in September 2017 as compared with an increase of 10
Oct 25, 2017
Governor’s statement
Governor’s statement on public sector banks recapitalization is attached. Jose J. Kattoor Chief General Manager Press Release: 2017-2018/1124
Governor’s statement on public sector banks recapitalization is attached. Jose J. Kattoor Chief General Manager Press Release: 2017-2018/1124
Oct 25, 2017
Scheduled Banks’ Statement of Position in India as on Friday, October 13, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 14-Oct-16 29-SEP-2017 * 13-OCT-2017 * 14-Oct-16 29-SEP-2017 * 13-OCT-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1541.62 1523.96 1437.09 1608.81 1575.66 1488.60 ** b) Borrowings from banks 611.74 542.69 636.58 613.69 543.16 636.92 c) Other demand & time liabilities 48.32 93.8 104.09 48.32 95.02 105.32 II LIABILITIES TO OTHERS (A) a) Depo
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 14-Oct-16 29-SEP-2017 * 13-OCT-2017 * 14-Oct-16 29-SEP-2017 * 13-OCT-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1541.62 1523.96 1437.09 1608.81 1575.66 1488.60 ** b) Borrowings from banks 611.74 542.69 636.58 613.69 543.16 636.92 c) Other demand & time liabilities 48.32 93.8 104.09 48.32 95.02 105.32 II LIABILITIES TO OTHERS (A) a) Depo
Oct 25, 2017
Report of the Internal Study Group to Review the Working of the Marginal Cost of Funds based Lending Rate (MCLR) System - Extension of Time for Public Comments
On October 4, 2017, the Reserve Bank of India placed on its website the Report of the Internal Study Group to Review the Working of the Marginal Cost of Funds based Lending Rate (MCLR) System for seeking comments from general public and stakeholders by October 25, 2017. The Reserve Bank has received requests from certain sections requesting for more time for allowing them to submit their comments on the recommendations of the Study Group. Accordingly, it has been deci
On October 4, 2017, the Reserve Bank of India placed on its website the Report of the Internal Study Group to Review the Working of the Marginal Cost of Funds based Lending Rate (MCLR) System for seeking comments from general public and stakeholders by October 25, 2017. The Reserve Bank has received requests from certain sections requesting for more time for allowing them to submit their comments on the recommendations of the Study Group. Accordingly, it has been deci
Oct 21, 2017
RBI clarifies that linking Aadhaar to bank accounts is mandatory
Some news items have appeared in a section of the media quoting a reply to a Right to Information Act application that Aadhaar number linkage with bank accounts is not mandatory. The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 published in the Official Gazette on June 1, 2017. These Rules have statutory force and,
Some news items have appeared in a section of the media quoting a reply to a Right to Information Act application that Aadhaar number linkage with bank accounts is not mandatory. The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 published in the Official Gazette on June 1, 2017. These Rules have statutory force and,
Oct 17, 2017
North East Small Finance Bank Limited commences operations
North East Small Finance Bank Limited has commenced operations as a small finance bank with effect from October 17, 2017. 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. RGVN (North East) Microfinance Limited, Guwahati was one of the ten applicants which were issued in-principle approval for setting up a small finance bank, as announced in the press rele
North East Small Finance Bank Limited has commenced operations as a small finance bank with effect from October 17, 2017. 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. RGVN (North East) Microfinance Limited, Guwahati was one of the ten applicants which were issued in-principle approval for setting up a small finance bank, as announced in the press rele
Oct 12, 2017
RBI releases Draft Directions regarding Framework for Authorisation of Electronic Trading Platforms under section 45 W of the RBI Act, 1934
The Reserve Bank of India today released Draft Directions for authorising Electronic Trading Platforms for financial market instruments regulated by the Reserve Bank. Comments on the draft guidelines are invited from banks, market participants and other interested parties by November 10, 2017. Feedback on the draft directions may be forwarded to: The Chief General Manager, Reserve Bank of India Financial Markets Regulation Department 1st Floor, Main BuildingShahid Bha
The Reserve Bank of India today released Draft Directions for authorising Electronic Trading Platforms for financial market instruments regulated by the Reserve Bank. Comments on the draft guidelines are invited from banks, market participants and other interested parties by November 10, 2017. Feedback on the draft directions may be forwarded to: The Chief General Manager, Reserve Bank of India Financial Markets Regulation Department 1st Floor, Main BuildingShahid Bha
Oct 12, 2017
Scheduled Banks’ Statement of Position in India as on Friday, September 29, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 30-SEP-2016 15-SEP-2017 * 29-SEP-2017 * 30-SEP-2016 15-SEP-2017 * 29-SEP-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1585.94 1495.17 1520.84 1653.41 1547.84 1572.54 ** b) Borrowings from banks 565.94 644.69 556.49 568.49 644.85 556.96 c) Other demand & time liabilities 85.41 86.67 93.92 85.41 87.89 95.14 II LIABILITIES TO OTHERS (A) a) D
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 30-SEP-2016 15-SEP-2017 * 29-SEP-2017 * 30-SEP-2016 15-SEP-2017 * 29-SEP-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1585.94 1495.17 1520.84 1653.41 1547.84 1572.54 ** b) Borrowings from banks 565.94 644.69 556.49 568.49 644.85 556.96 c) Other demand & time liabilities 85.41 86.67 93.92 85.41 87.89 95.14 II LIABILITIES TO OTHERS (A) a) D
Oct 11, 2017
Bilingual/Hindi House Magazine Competition for Public Sector Banks/ Financial Institutions - (2016-17)- Inviting Entries
The Reserve Bank of India has been conducting a Bilingual/Hindi House Magazine Competition for Public Sector Banks and Financial Institutions to encourage the use of Hindi (Rajbhasha). All PSBs/FIs are invited to send six copies each of Bilingual/Hindi House Magazine published during April 01, 2016 to March 31, 2017 alongwith the prescribed format duly filled in. The house magazines will be adjudged by an evaluation committee and Rajbhasha Department of Reserve Bank o
The Reserve Bank of India has been conducting a Bilingual/Hindi House Magazine Competition for Public Sector Banks and Financial Institutions to encourage the use of Hindi (Rajbhasha). All PSBs/FIs are invited to send six copies each of Bilingual/Hindi House Magazine published during April 01, 2016 to March 31, 2017 alongwith the prescribed format duly filled in. The house magazines will be adjudged by an evaluation committee and Rajbhasha Department of Reserve Bank o
Sep 27, 2017
Scheduled Banks’ Statement of Position in India as on Friday, September 15, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 16-Sep-16 01-SEP-2017* 15-SEP-2017* 16-Sep-16 01-SEP-2017* 15-SEP-2017* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1475.79 1474.75 1495.13 1542.39 1527.06 1547.80** b) Borrowings from banks 641.26 621.85 645.89 642.24 621.99 646.05 c) Other demand & time liabilities 62.43 87.22 86.67 62.43 89.61 87.89 II LIABILITIES TO OTHERS (A) a) Deposits (
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 16-Sep-16 01-SEP-2017* 15-SEP-2017* 16-Sep-16 01-SEP-2017* 15-SEP-2017* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1475.79 1474.75 1495.13 1542.39 1527.06 1547.80** b) Borrowings from banks 641.26 621.85 645.89 642.24 621.99 646.05 c) Other demand & time liabilities 62.43 87.22 86.67 62.43 89.61 87.89 II LIABILITIES TO OTHERS (A) a) Deposits (
Sep 18, 2017
Marginal Cost of Funds Based Lending Rate (MCLR) for the month of August 2017
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of August 2017. Ajit Prasad Assistant Adviser Press Release: 2017-2018/763
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of August 2017. Ajit Prasad Assistant Adviser Press Release: 2017-2018/763
Sep 13, 2017
Scheduled Banks’ Statement of Position in India as on Friday, September 01, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs/SFBs) ALL SCHEDULED BANKS 2-Sep-16 18-AUG-2017 * 01-SEP-2017 * 2-Sep-16 18-AUG-2017 * 01-SEP-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1459.39 1474.25 1474.84 1526.53 1529.07 1527.15 ** b) Borrowings from banks 603.75 555.73 623.84 604.28 556.67 623.98 c) Other demand & time liabilities 54.66 72.76 87.54 54.66 73.74 89.93 II LIABILITIES TO OTHERS (A) a) De
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs/SFBs) ALL SCHEDULED BANKS 2-Sep-16 18-AUG-2017 * 01-SEP-2017 * 2-Sep-16 18-AUG-2017 * 01-SEP-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1459.39 1474.25 1474.84 1526.53 1529.07 1527.15 ** b) Borrowings from banks 603.75 555.73 623.84 604.28 556.67 623.98 c) Other demand & time liabilities 54.66 72.76 87.54 54.66 73.74 89.93 II LIABILITIES TO OTHERS (A) a) De
Sep 04, 2017
RBI releases 2017 list of Domestic Systemically Important Banks (D-SIBs)
In addition to the SBI and ICICI Bank, which continue to be identified as Domestic Systemically Important Banks (DSIBs), the Reserve Bank of India has also identified HDFC Bank as a D-SIB, under the same bucketing structure as last year. The additional Common Equity Tier 1 (CET1) requirement for D-SIBs has already been phased-in from April 1, 2016 and will become fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital con
In addition to the SBI and ICICI Bank, which continue to be identified as Domestic Systemically Important Banks (DSIBs), the Reserve Bank of India has also identified HDFC Bank as a D-SIB, under the same bucketing structure as last year. The additional Common Equity Tier 1 (CET1) requirement for D-SIBs has already been phased-in from April 1, 2016 and will become fully effective from April 1, 2019. The additional CET1 requirement will be in addition to the capital con
Aug 31, 2017
Scheduled Banks’ Statement of Position in India as on Friday, August 18, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 19-Aug-16 04-AUG-2017 * 18-AUG-2017 * 19-Aug-16 04-AUG-2017 * 18-AUG-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1463.67 1570.14 1474.39 1530.9 1626.02 1529.21 ** b) Borrowings from banks 571.16 614.3 555.49 571.95 615.03 556.43 c) Other demand & time liabilities 52.94 58.42 72.53 52.94 59.87 73.51 II LIABILITIES TO OTHERS (A) a) Deposit
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 19-Aug-16 04-AUG-2017 * 18-AUG-2017 * 19-Aug-16 04-AUG-2017 * 18-AUG-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1463.67 1570.14 1474.39 1530.9 1626.02 1529.21 ** b) Borrowings from banks 571.16 614.3 555.49 571.95 615.03 556.43 c) Other demand & time liabilities 52.94 58.42 72.53 52.94 59.87 73.51 II LIABILITIES TO OTHERS (A) a) Deposit
Aug 18, 2017
Scheduled Banks’ Statement of Position in India as on Friday, August 04, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 5-Aug-16 21-JUL-2017 * 04-AUG-2017 * 5-Aug-16 21-JUL-2017 * 04-AUG-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1455.24 1502.91 1550.62 1522.52 1558.73 1606.50 ** b) Borrowings from banks 618.43 537.38 607.78 619.07 540.79 608.51 c) Other demand & time liabilities 73.53 34.46 58.22 73.53 35.41 59.67 II LIABILITIES TO OTHERS (A) a) Deposit
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 5-Aug-16 21-JUL-2017 * 04-AUG-2017 * 5-Aug-16 21-JUL-2017 * 04-AUG-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1455.24 1502.91 1550.62 1522.52 1558.73 1606.50 ** b) Borrowings from banks 618.43 537.38 607.78 619.07 540.79 608.51 c) Other demand & time liabilities 73.53 34.46 58.22 73.53 35.41 59.67 II LIABILITIES TO OTHERS (A) a) Deposit
Aug 01, 2017
Scheduled Banks’ Statement of Position in India as on Friday, July 21, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 22-JUL-2016 07-JUL-2017* 21-JUL-2017* 22-JUL-2016 07-JUL-2017* 21-JUL-2017* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1441.88 1512.24 1514.8 1509.38 1569.87 1570.62** b) Borrowings from banks 626.49 557.5 546.67 627.5 561.03 550.08 c) Other demand & time liabilities 73.88 44.14 35.15 73.88 45.08 36.1 II LIABILITIES TO OTHERS (A) a) Deposits (
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 22-JUL-2016 07-JUL-2017* 21-JUL-2017* 22-JUL-2016 07-JUL-2017* 21-JUL-2017* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1441.88 1512.24 1514.8 1509.38 1569.87 1570.62** b) Borrowings from banks 626.49 557.5 546.67 627.5 561.03 550.08 c) Other demand & time liabilities 73.88 44.14 35.15 73.88 45.08 36.1 II LIABILITIES TO OTHERS (A) a) Deposits (
Jul 31, 2017
Reserve Bank of India imposes monetary penalty on Union Bank of India
The Reserve Bank of India (RBI) has imposed, on July 26, 2017, a monetary penalty of ₹ 20 million on Union Bank of India for non-compliance with the directions issued by RBI on Know Your Customer (KYC) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to certain directions issued by RBI. This
The Reserve Bank of India (RBI) has imposed, on July 26, 2017, a monetary penalty of ₹ 20 million on Union Bank of India for non-compliance with the directions issued by RBI on Know Your Customer (KYC) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to certain directions issued by RBI. This
Jul 31, 2017
Reserve Bank of India imposes monetary penalty on Union Bank of India
The Reserve Bank of India (RBI) has imposed, on July 26, 2017, a monetary penalty of ₹ 10 million on Union Bank of India for non-compliance with the directions issued by RBI on Know Your Customer (KYC) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to certain directions issued by RBI. This
The Reserve Bank of India (RBI) has imposed, on July 26, 2017, a monetary penalty of ₹ 10 million on Union Bank of India for non-compliance with the directions issued by RBI on Know Your Customer (KYC) norms. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to certain directions issued by RBI. This
Jul 31, 2017
Annual Conference of Banking Ombudsmen 2017 - July 25, 2017
The Annual Conference of Banking Ombudsmen was held at Mumbai on July 25, 2017. Shri S S Mundra, Deputy Governor, Reserve Bank of India (RBI) inaugurated the Conference. In addition to the Banking Ombudsmen, the conference was attended by Chief Executives of SBI, ICICI Bank, HDFC Bank, PNB, Indian Bank Association (IBA), Banking Codes and Standards Board of India (BCSBI) and heads of concerned regulatory and supervisory departments of the RBI. The Deputy Governor (DG)
The Annual Conference of Banking Ombudsmen was held at Mumbai on July 25, 2017. Shri S S Mundra, Deputy Governor, Reserve Bank of India (RBI) inaugurated the Conference. In addition to the Banking Ombudsmen, the conference was attended by Chief Executives of SBI, ICICI Bank, HDFC Bank, PNB, Indian Bank Association (IBA), Banking Codes and Standards Board of India (BCSBI) and heads of concerned regulatory and supervisory departments of the RBI. The Deputy Governor (DG)
Jul 28, 2017
Banks to keep their branches in rural and semi-urban areas open on Sunday (July 30, 2017) in the State of Maharashtra
In order to facilitate collection of insurance premiums on crops from farmers, all the banks, including Regional Rural Banks and Co-operative Banks are advised to keep their branches in rural and semi-urban areas open on Sunday i.e July 30, 2017. If any bank branch observes Monday as weekly off, that bank branch shall stay open on Monday, July 31, 2017, as it is the last date for payment of crop insurance premium. Ajit Prasad Assistant Adviser Press Release : 2017-201
In order to facilitate collection of insurance premiums on crops from farmers, all the banks, including Regional Rural Banks and Co-operative Banks are advised to keep their branches in rural and semi-urban areas open on Sunday i.e July 30, 2017. If any bank branch observes Monday as weekly off, that bank branch shall stay open on Monday, July 31, 2017, as it is the last date for payment of crop insurance premium. Ajit Prasad Assistant Adviser Press Release : 2017-201
Jul 21, 2017
Scheduled Banks’ Statement of Position in India as on Friday, July 07, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 8-Jul-16 23-JUN-2017* 07-JUL-2017* 8-Jul-16 23-JUN-2017* 07-JUL-2017* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1370.63 1550.99 1518.85 1437.82 1608.69 1576.48** b) Borrowings from banks 616.37 527 558.24 620.6 527.66 561.77 c) Other demand & time liabilities 53.17 76.12 44.29 53.17 77.01 45.23 II LIABILITIES TO OTHERS (A) a) Deposits (other
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 8-Jul-16 23-JUN-2017* 07-JUL-2017* 8-Jul-16 23-JUN-2017* 07-JUL-2017* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1370.63 1550.99 1518.85 1437.82 1608.69 1576.48** b) Borrowings from banks 616.37 527 558.24 620.6 527.66 561.77 c) Other demand & time liabilities 53.17 76.12 44.29 53.17 77.01 45.23 II LIABILITIES TO OTHERS (A) a) Deposits (other
Jul 21, 2017
Fincare Small Finance Bank Limited commences operations
Fincare Small Finance Bank Limited has commenced operations as a small finance bank with effect from July 21, 2017. 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. Disha Microfin Private Limited, Ahmedabad was one of the ten applicants which were issued in-principle approval for setting up a small finance bank, as announced in the press release on Septem
Fincare Small Finance Bank Limited has commenced operations as a small finance bank with effect from July 21, 2017. 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. Disha Microfin Private Limited, Ahmedabad was one of the ten applicants which were issued in-principle approval for setting up a small finance bank, as announced in the press release on Septem
Jul 18, 2017
Financial Action Task Force (FATF) Public Statement dated June 23, 2017
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 jurisdiction of Democratic People's Republic of Korea (DPRK). Jurisdiction of Iran is subject to a FATF call on its members to apply enhanced due diligence measures proportionate to the risks arising fro
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 jurisdiction of Democratic People's Republic of Korea (DPRK). Jurisdiction of Iran is subject to a FATF call on its members to apply enhanced due diligence measures proportionate to the risks arising fro
Jul 11, 2017
Marginal Cost of Funds Based Lending Rate (MCLR) for the month of June 2017
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of June 2017. Shailaja Singh Assistant General Manager Press Release: 2017-2018/103
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of June 2017. Shailaja Singh Assistant General Manager Press Release: 2017-2018/103
Jul 08, 2017
Corrigendum
The Reserve Bank of India had issued a Press Release on June 13, 2017 bearing reference number 2016-2017/3363 (“Press Release”) titled 'RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC)’. The third line of paragraph no. 5 of the Press Release, which reads as follows: “5. ...Such cases will be accorded priority by the National Company Law Tribunal (NCLT).” stands deleted. The remaining contents of the Press Release remain unc
The Reserve Bank of India had issued a Press Release on June 13, 2017 bearing reference number 2016-2017/3363 (“Press Release”) titled 'RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC)’. The third line of paragraph no. 5 of the Press Release, which reads as follows: “5. ...Such cases will be accorded priority by the National Company Law Tribunal (NCLT).” stands deleted. The remaining contents of the Press Release remain unc
Jul 05, 2017
Scheduled Banks’ Statement of Position in India as on Friday, June 23, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 24-Jun-16 09-JUN-2017 * 23-JUN-2017 * 24-Jun-16 09-JUN-2017 * 23-JUN-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1405.78 1563.25 1550.98 1472.31 1623.23 1608.68 ** b) Borrowings from banks 604.86 566.7 527 639.57 567.51 527.66 c) Other demand & time liabilities 102.49 99.06 72.07 131.27 99.88 72.96 II LIABILITIES TO OTHERS (A) a) Deposit
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 24-Jun-16 09-JUN-2017 * 23-JUN-2017 * 24-Jun-16 09-JUN-2017 * 23-JUN-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1405.78 1563.25 1550.98 1472.31 1623.23 1608.68 ** b) Borrowings from banks 604.86 566.7 527 639.57 567.51 527.66 c) Other demand & time liabilities 102.49 99.06 72.07 131.27 99.88 72.96 II LIABILITIES TO OTHERS (A) a) Deposit
Jul 03, 2017
Laxmi Mahila Nagrik Sahkari Bank Maryadit, Raipur - Penalized
The Reserve Bank of India has imposed a monetary penalty of ₹ 3,00,000/- (₹ Three lakh only) on Laxmi Mahila Nagrik Sahkari Bank Maryadit, Raipur in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act 1949 (As applicable to Co-operative Societies) for violation of guidelines on ‘Know Your Customer’ (KYC) issued by the Reserve Bank of India. The Reserve Bank of India had issued a show cause
The Reserve Bank of India has imposed a monetary penalty of ₹ 3,00,000/- (₹ Three lakh only) on Laxmi Mahila Nagrik Sahkari Bank Maryadit, Raipur in exercise of the powers vested in it under the provisions of Section 47A(1)(b) read with Section 46(4) of the Banking Regulation Act 1949 (As applicable to Co-operative Societies) for violation of guidelines on ‘Know Your Customer’ (KYC) issued by the Reserve Bank of India. The Reserve Bank of India had issued a show cause
Jun 30, 2017
RBI releases Names of Applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector
The Reserve Bank of India today released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector. As on date, application from UAE Exchange and Financial Services Limited has been received by the Reserve Bank. It may be recalled that the Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector, issued on August 1, 2016, indicated that in order to ensure transparency, the names of the applicants for
The Reserve Bank of India today released the names of applicants under the Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector. As on date, application from UAE Exchange and Financial Services Limited has been received by the Reserve Bank. It may be recalled that the Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector, issued on August 1, 2016, indicated that in order to ensure transparency, the names of the applicants for
Jun 30, 2017
FINO Payments Bank Limited commences operations
FINO Payments Bank Limited has commenced operations as a payments bank with effect from June 30, 2017. 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. FINO PayTech Limited, Navi Mumbai 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. Jose J. Kattoor Chief
FINO Payments Bank Limited has commenced operations as a payments bank with effect from June 30, 2017. 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. FINO PayTech Limited, Navi Mumbai 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. Jose J. Kattoor Chief
Jun 29, 2017
RBI to work on July 1, 2017 to facilitate clearing/settlements
On account of Reserve Bank’s annual closing of accounts on June 30, 2017 (Reserve Bank’s accounting year being July to June), and July 1, 2017 being a working Saturday, the Reserve Bank of India has decided that it will remain open on July 1, 2017 and the following services will be available as per schedule given below- Services, such as, RTGS/ NEFT, transfer of funds and settlement of securities will be available from 11:00 am onwards; Settlement of funds as well as
On account of Reserve Bank’s annual closing of accounts on June 30, 2017 (Reserve Bank’s accounting year being July to June), and July 1, 2017 being a working Saturday, the Reserve Bank of India has decided that it will remain open on July 1, 2017 and the following services will be available as per schedule given below- Services, such as, RTGS/ NEFT, transfer of funds and settlement of securities will be available from 11:00 am onwards; Settlement of funds as well as
Jun 22, 2017
Reserve Bank announces names of the members of Overseeing Committee
The Press Release issued by the Reserve Bank of India on May 22, 2017, outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance, 2017, had inter alia mentioned about the reconstitution of the Overseeing Committee (OC) with an expanded mandate. The Reserve Bank has since brought the OC under its aegis. The OC will, for the present, have five members, including a chairman, and will work through multipl
The Press Release issued by the Reserve Bank of India on May 22, 2017, outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance, 2017, had inter alia mentioned about the reconstitution of the Overseeing Committee (OC) with an expanded mandate. The Reserve Bank has since brought the OC under its aegis. The OC will, for the present, have five members, including a chairman, and will work through multipl
Jun 21, 2017
Scheduled Banks’ Statement of Position in India as on Friday, June 09, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 10-JUN-2016 26-MAY-2017 * 09-JUN-2017 * 10-JUN-2016 26-MAY-2017 * 09-JUN-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1418.77 1599.88 1563.24 1486.36 1659.98 1623.22 ** b) Borrowings from banks 534.19 530.91 566.82 568.02 531.75 567.63 c) Other demand & time liabilities 72.12 55.68 99.08 100.86 56.5 99.9 II LIABILITIES TO OTHERS (A) a) De
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 10-JUN-2016 26-MAY-2017 * 09-JUN-2017 * 10-JUN-2016 26-MAY-2017 * 09-JUN-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1418.77 1599.88 1563.24 1486.36 1659.98 1623.22 ** b) Borrowings from banks 534.19 530.91 566.82 568.02 531.75 567.63 c) Other demand & time liabilities 72.12 55.68 99.08 100.86 56.5 99.9 II LIABILITIES TO OTHERS (A) a) De
Jun 13, 2017
RBI identifies Accounts for Reference by Banks under the Insolvency and Bankruptcy Code (IBC)
Corrigendum The Reserve Bank of India had issued a Press Release on May 22, 2017 outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. The Press Release had mentioned inter alia that the RBI would be constituting a Committee comprised majorly of its independent Board Members to advise it in regard to the cases that may be considered for reference for resolution under the Insolvency and Bank
Corrigendum The Reserve Bank of India had issued a Press Release on May 22, 2017 outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. The Press Release had mentioned inter alia that the RBI would be constituting a Committee comprised majorly of its independent Board Members to advise it in regard to the cases that may be considered for reference for resolution under the Insolvency and Bank
Jun 13, 2017
RBI executes Letter of Cooperation on “Supervisory Cooperation and Exchange of Supervisory Information” with the Czech National Bank, Czech Republic
Photograph The Reserve Bank of India executed the Letter of Cooperation (LoC) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Czech National Bank, Czech Republic, today. The LoC was executed by Mr. Vladimir Tomsik, Vice Governor on behalf of Czech National Bank and Mr. S. S. Mundra, Deputy Governor on behalf of the Reserve Bank of India at the Central Office of the Reserve Bank in Mumbai. His Excellency, Mr. Milan Hovorka, Czech Republic
Photograph The Reserve Bank of India executed the Letter of Cooperation (LoC) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Czech National Bank, Czech Republic, today. The LoC was executed by Mr. Vladimir Tomsik, Vice Governor on behalf of Czech National Bank and Mr. S. S. Mundra, Deputy Governor on behalf of the Reserve Bank of India at the Central Office of the Reserve Bank in Mumbai. His Excellency, Mr. Milan Hovorka, Czech Republic
Jun 08, 2017
Scheduled Banks’ Statement of Position in India as on Friday, May 26, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 27-MAY-2016 12-MAY-2017* 26-MAY-2017* 27-MAY-2016 12-MAY-2017* 26-MAY-2017* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1470.26 1677.74 1599.87 1536.82 1739.62 1659.97** b) Borrowings from banks 571.71 563.28 530.91 601.91 563.98 531.75 c) Other demand & time liabilities 111.31 125.05 55.59 137.2 125.05 56.41 II LIABILITIES TO OTHERS (A) a) Dep
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 27-MAY-2016 12-MAY-2017* 26-MAY-2017* 27-MAY-2016 12-MAY-2017* 26-MAY-2017* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1470.26 1677.74 1599.87 1536.82 1739.62 1659.97** b) Borrowings from banks 571.71 563.28 530.91 601.91 563.98 531.75 c) Other demand & time liabilities 111.31 125.05 55.59 137.2 125.05 56.41 II LIABILITIES TO OTHERS (A) a) Dep
Jun 06, 2017
Marginal Cost of Funds Based Lending Rate (MCLR) for the month of May 2017
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2017. Ajit Prasad Assistant Adviser Press Release: 2016-2017/3297
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2017. Ajit Prasad Assistant Adviser Press Release: 2016-2017/3297
Jun 05, 2017
RBI Clarification on Banks under Prompt Corrective Action
The Reserve Bank of India has come across some misinformed communication circulating in some section of media including social media, about the Prompt Corrective Action (PCA) framework. The Reserve Bank has clarified that the PCA framework is not intended to constrain normal operations of the banks for the general public. It is further clarified that the Reserve Bank, under its supervisory framework, uses various measures/tools to maintain sound financial health of ba
The Reserve Bank of India has come across some misinformed communication circulating in some section of media including social media, about the Prompt Corrective Action (PCA) framework. The Reserve Bank has clarified that the PCA framework is not intended to constrain normal operations of the banks for the general public. It is further clarified that the Reserve Bank, under its supervisory framework, uses various measures/tools to maintain sound financial health of ba
May 25, 2017
Scheduled Banks’ Statement of Position in India as on Friday, May 12, 2017
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 13-May-16 28-APR-2017 * 12-MAY-2017 * 13-May-16 28-APR-2017 * 12-MAY-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1475.67 1663.07 1677.54 1542.56 1726.15 1739.42 ** b) Borrowings from banks 525.84 685.09 563.45 555.91 685.69 564.15 c) Other demand & time liabilities 73.58 47.56 125.03 100.36 47.56 125.03 II LIABILITIES TO OTHERS (A) a) De
(Amount in Billions of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs) ALL SCHEDULED BANKS 13-May-16 28-APR-2017 * 12-MAY-2017 * 13-May-16 28-APR-2017 * 12-MAY-2017 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 1475.67 1663.07 1677.54 1542.56 1726.15 1739.42 ** b) Borrowings from banks 525.84 685.09 563.45 555.91 685.69 564.15 c) Other demand & time liabilities 73.58 47.56 125.03 100.36 47.56 125.03 II LIABILITIES TO OTHERS (A) a) De
May 23, 2017
Paytm Payments Bank Limited commences operations
Paytm Payments Bank Limited has commenced operations as a payments bank with effect from May 23, 2017. 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. Shri Vijay Shekhar Sharma was one of the 11 applicants who was issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015.Alpana Killawala Principal Advise
Paytm Payments Bank Limited has commenced operations as a payments bank with effect from May 23, 2017. 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. Shri Vijay Shekhar Sharma was one of the 11 applicants who was issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015.Alpana Killawala Principal Advise
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