Press Releases - Regulating Commercial Banking - RBI - Reserve Bank of India
Press Releases
May 12, 2020
Marginal Cost of Funds Based Lending Rate (MCLR) for the month of April 2020
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of April 2020. Ajit Prasad Director Press Release: 2019-2020/2348
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of April 2020. Ajit Prasad Director Press Release: 2019-2020/2348
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May 08, 2020
Scheduled Banks’ Statement of Position in India as on Friday, April 24, 2020
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 26-Apr-19 10-APR-2020* 24-APR-2020* 26-Apr-19 10-APR-2020* 24-APR-2020* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 170025.81 243177.31 246113.31 174593.36 248657.1 251586.84** b) Borrowings from banks 74556.09 64665.44 59065.97 74764.4 64665.44 59065.97 c) Other demand & time liabilities 10225.66 15381.86 15739.03 10402.49 15515.97 15884
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 26-Apr-19 10-APR-2020* 24-APR-2020* 26-Apr-19 10-APR-2020* 24-APR-2020* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 170025.81 243177.31 246113.31 174593.36 248657.1 251586.84** b) Borrowings from banks 74556.09 64665.44 59065.97 74764.4 64665.44 59065.97 c) Other demand & time liabilities 10225.66 15381.86 15739.03 10402.49 15515.97 15884
Apr 24, 2020
Scheduled Banks’ Statement of Position in India as on Friday, April 10, 2020
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 12-Apr-19 27-MAR-2020* 10-APR-2020* 12-Apr-19 27-MAR-2020* 10-APR-2020* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 171661.97 234348.3 243732.84 176348.65 239621.78 249212.63** b) Borrowings from banks 77511.34 64001.41 68479.55 77637.78 64017.31 68479.55 c) Other demand & time liabilities 8641.35 16163.35 15379.29 8810.68 16313.75 15513.
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 12-Apr-19 27-MAR-2020* 10-APR-2020* 12-Apr-19 27-MAR-2020* 10-APR-2020* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 171661.97 234348.3 243732.84 176348.65 239621.78 249212.63** b) Borrowings from banks 77511.34 64001.41 68479.55 77637.78 64017.31 68479.55 c) Other demand & time liabilities 8641.35 16163.35 15379.29 8810.68 16313.75 15513.
Apr 10, 2020
Scheduled Banks’ Statement of Position in India as on Friday, March 27, 2020
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 29-Mar-19 13-MAR-2020 * 27-MAR-2020 * 29-Mar-19 13-MAR-2020 * 27-MAR-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 176827.73 225264.96 230769.71 181651.43 230353.78 236043.19 ** b) Borrowings from banks 79459.13 51594.1 80950.71 79486.67 51707.45 80966.61 c) Other demand & time liabilities 15139.32 14926.77 16311.61 15212.07 15077.17
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 29-Mar-19 13-MAR-2020 * 27-MAR-2020 * 29-Mar-19 13-MAR-2020 * 27-MAR-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 176827.73 225264.96 230769.71 181651.43 230353.78 236043.19 ** b) Borrowings from banks 79459.13 51594.1 80950.71 79486.67 51707.45 80966.61 c) Other demand & time liabilities 15139.32 14926.77 16311.61 15212.07 15077.17
Apr 03, 2020
Marginal Cost of Funds Based Lending Rate (MCLR) for the month of March 2020
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of March 2020. Ajit Prasad Director Press Release: 2019-2020/2172
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of March 2020. Ajit Prasad Director Press Release: 2019-2020/2172
Mar 30, 2020
Directions under Section 35 A of the Banking Regulation Act, 1949 (AACS) - The Maratha Sahakari Bank Ltd, Mumbai, Maharashtra
The Maratha Sahakari Bank Ltd, Mumbai, Maharashtra, was placed under directions from close of business on August 31, 2016 vide directive No. DCBS.CO.BSD-I.D-4/12.22.141/2016-17 dated August 31, 2016. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DOR.CO.AID.No.D-43/12.22.140/2019-20 dated December 20, 2019 and is valid up to March 31, 2020 subject to review. 2. It is hereby notified for the informatio
The Maratha Sahakari Bank Ltd, Mumbai, Maharashtra, was placed under directions from close of business on August 31, 2016 vide directive No. DCBS.CO.BSD-I.D-4/12.22.141/2016-17 dated August 31, 2016. The validity of the directions was extended from time to time vide subsequent Directives, the last being Directive DOR.CO.AID.No.D-43/12.22.140/2019-20 dated December 20, 2019 and is valid up to March 31, 2020 subject to review. 2. It is hereby notified for the informatio
Mar 28, 2020
Branches of Oriental Bank of Commerce and United Bank of India to operate as branches of Punjab National Bank from April 1, 2020
The Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of
The Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of
Mar 28, 2020
Branches of Allahabad Bank to operate as branches of Indian Bank from April 1, 2020
The Amalgamation of Allahabad Bank into Indian Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Allahabad Bank into Indian Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970). The scheme comes into force on the 1st day of April 2020. Consequently, all branche
The Amalgamation of Allahabad Bank into Indian Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Allahabad Bank into Indian Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970). The scheme comes into force on the 1st day of April 2020. Consequently, all branche
Mar 28, 2020
Branches of Syndicate Bank to operate as branches of Canara Bank from April 1, 2020
The Amalgamation of Syndicate Bank into Canara Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Syndicate Bank into Canara Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970). The scheme comes into force on the 1st day of April 2020. Consequently, all branche
The Amalgamation of Syndicate Bank into Canara Bank Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Syndicate Bank into Canara Bank in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970). The scheme comes into force on the 1st day of April 2020. Consequently, all branche
Mar 28, 2020
Branches of Andhra Bank and Corporation Bank to operate as branches of Union Bank of India from April 1, 2020
The Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and section 9 of the Banking Com
The Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of India sanctioning the Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India in terms of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and section 9 of the Banking Com
Mar 26, 2020
Scheduled Banks’ Statement of Position in India as on Friday, March 13, 2020
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 15-Mar-19 28-FEB-2020* 13-MAR-2020* 15-Mar-19 28-FEB-2020* 13-MAR-2020* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 163747.01 228062.87 225264.42 168219.75 233066.93 230353.24** b) Borrowings from banks 86766.97 82634.66 64442.1 86937.97 82675.96 64555.45 c) Other demand & time liabilities 9250.17 13077.64 14927.04 9359.26 13229.36 15077.
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 15-Mar-19 28-FEB-2020* 13-MAR-2020* 15-Mar-19 28-FEB-2020* 13-MAR-2020* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 163747.01 228062.87 225264.42 168219.75 233066.93 230353.24** b) Borrowings from banks 86766.97 82634.66 64442.1 86937.97 82675.96 64555.45 c) Other demand & time liabilities 9250.17 13077.64 14927.04 9359.26 13229.36 15077.
Mar 20, 2020
Reserve Bank appoints additional directors on the board of Yes Bank Ltd.
In terms of paragraph 5 (3) of the ‘Yes Bank Ltd. Reconstruction Scheme, 2020’ notified by Government of India on March 13, 2020 and in exercise of powers conferred to it under sub section (1) of section 36 AB of the Banking Regulation Act, 1949, Reserve Bank has today appointed Shri R Gandhi (former Deputy Governor, Reserve Bank of India) and Shri Ananth Narayan Gopalakrishnan (Associate Professor, S P Jain Institute of Management and Research) as additional director
In terms of paragraph 5 (3) of the ‘Yes Bank Ltd. Reconstruction Scheme, 2020’ notified by Government of India on March 13, 2020 and in exercise of powers conferred to it under sub section (1) of section 36 AB of the Banking Regulation Act, 1949, Reserve Bank has today appointed Shri R Gandhi (former Deputy Governor, Reserve Bank of India) and Shri Ananth Narayan Gopalakrishnan (Associate Professor, S P Jain Institute of Management and Research) as additional director
Mar 12, 2020
Scheduled Banks’ Statement of Position in India as on Friday, February 28, 2020
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 1-Mar-19 14-FEB-2020 * 28-FEB-2020 * 1-Mar-19 14-FEB-2020 * 28-FEB-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 162044.41 201417.23 228063.55 166460.05 206366.76 233067.61 ** b) Borrowings from banks 81103.92 72952.52 82634.66 81120.83 73033.53 82675.96 c) Other demand & time liabilities 10075.3 12559.99 13077.64 10161.37 12712.88 1
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 1-Mar-19 14-FEB-2020 * 28-FEB-2020 * 1-Mar-19 14-FEB-2020 * 28-FEB-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 162044.41 201417.23 228063.55 166460.05 206366.76 233067.61 ** b) Borrowings from banks 81103.92 72952.52 82634.66 81120.83 73033.53 82675.96 c) Other demand & time liabilities 10075.3 12559.99 13077.64 10161.37 12712.88 1
Mar 06, 2020
Yes Bank Ltd.: RBI announces Scheme of Reconstruction
The Reserve Bank of India has today placed in public domain a draft scheme of reconstruction of the Yes Bank Ltd. The Reserve Bank invites suggestions and comments from members of public, including the banks' shareholders, depositors and creditors on the draft scheme. The draft scheme has also been sent to Yes Bank Ltd. and State Bank of India for their comments. The suggestions and comments will be received by Reserve Bank of India up to Monday, March 9, 2020. The Re
The Reserve Bank of India has today placed in public domain a draft scheme of reconstruction of the Yes Bank Ltd. The Reserve Bank invites suggestions and comments from members of public, including the banks' shareholders, depositors and creditors on the draft scheme. The draft scheme has also been sent to Yes Bank Ltd. and State Bank of India for their comments. The suggestions and comments will be received by Reserve Bank of India up to Monday, March 9, 2020. The Re
Mar 05, 2020
Yes Bank Ltd. placed under Moratorium
The financial position of Yes Bank Ltd. (the bank) has undergone a steady decline largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits. The bank has also experienced serious governance issues and practices in the recent years which have led to steady decline of the bank. The Reserve Bank has been in constant engagement with the b
The financial position of Yes Bank Ltd. (the bank) has undergone a steady decline largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits. The bank has also experienced serious governance issues and practices in the recent years which have led to steady decline of the bank. The Reserve Bank has been in constant engagement with the b
Mar 05, 2020
Supersession of the Board of Directors - Appointment of Administrator - Yes Bank Ltd.
In exercise of the powers conferred under 36ACA of the Banking Regulation Act 1949, the Reserve Bank has, in consultation with Central Government, superseded the Board of Directors of Yes Bank Ltd. for a period of 30 days owing to serious deterioration in the financial position of the Bank. This has been done to quickly restore depositors’ confidence in the bank, including by putting in place a scheme for reconstruction or amalgamation. Shri Prashant Kumar, ex-DMD and
In exercise of the powers conferred under 36ACA of the Banking Regulation Act 1949, the Reserve Bank has, in consultation with Central Government, superseded the Board of Directors of Yes Bank Ltd. for a period of 30 days owing to serious deterioration in the financial position of the Bank. This has been done to quickly restore depositors’ confidence in the bank, including by putting in place a scheme for reconstruction or amalgamation. Shri Prashant Kumar, ex-DMD and
Mar 02, 2020
Marginal Cost of Funds Based Lending Rate (MCLR) for the month February 2020
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of February 2020. Ajit Prasad Director Press Release : 2019-2020/2010
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of February 2020. Ajit Prasad Director Press Release : 2019-2020/2010
Feb 28, 2020
Financial Action Task Force (FATF) Public Statements dated February 21, 2020
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 ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdiction of Democratic People’s Republic of Korea (DPRK). Also, jurisdiction of Iran is subject to a FATF call on its members to apply effective counter measures. FATF has further identified the follo
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 ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdiction of Democratic People’s Republic of Korea (DPRK). Also, jurisdiction of Iran is subject to a FATF call on its members to apply effective counter measures. FATF has further identified the follo
Feb 27, 2020
Scheduled Banks’ Statement of Position in India as on Friday, February 14, 2020
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 15-Feb-19 31-JAN-2020 * 14-FEB-2020 * 15-Feb-19 31-JAN-2020 * 14-FEB-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 160618.2 194935.1 192152.78 165040.56 199873.56 197102.31 ** b) Borrowings from banks 81871.77 66868.22 72952.52 81932.34 66916.05 73033.53 c) Other demand & time liabilities 8267.54 12967.5 12552.78 8354.27 13171.59 127
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 15-Feb-19 31-JAN-2020 * 14-FEB-2020 * 15-Feb-19 31-JAN-2020 * 14-FEB-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 160618.2 194935.1 192152.78 165040.56 199873.56 197102.31 ** b) Borrowings from banks 81871.77 66868.22 72952.52 81932.34 66916.05 73033.53 c) Other demand & time liabilities 8267.54 12967.5 12552.78 8354.27 13171.59 127
Feb 13, 2020
Scheduled Banks’ Statement of Position in India as on Friday, January 31, 2020
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 01-FEB-2019 17-JAN-2020 * 31-JAN-2020 * 01-FEB-2019 17-JAN-2020 * 31-JAN-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 159753.97 194116.89 194901.66 164120.61 199019.11 199840.12 ** b) Borrowings from banks 76146.84 58842.94 66868.22 76194.41 58864.95 66916.05 c) Other demand & time liabilities 10502.6 11921.12 12996.4 10577.91 12057
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 01-FEB-2019 17-JAN-2020 * 31-JAN-2020 * 01-FEB-2019 17-JAN-2020 * 31-JAN-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 159753.97 194116.89 194901.66 164120.61 199019.11 199840.12 ** b) Borrowings from banks 76146.84 58842.94 66868.22 76194.41 58864.95 66916.05 c) Other demand & time liabilities 10502.6 11921.12 12996.4 10577.91 12057
Feb 07, 2020
Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Projects under Implementation
Consequent to the announcement in the sixth Bi-monthly Monetary Policy for 2019-20 on February 06, 2020, the Reserve Bank has issued a circular today to harmonise the guidelines for deferment of date of commencement of commercial operations (DCCO) for projects in non-infrastructure and commercial real estate (CRE) sectors. (Yogesh Dayal) Chief General Manager Press Release: 2019-2020/1911
Consequent to the announcement in the sixth Bi-monthly Monetary Policy for 2019-20 on February 06, 2020, the Reserve Bank has issued a circular today to harmonise the guidelines for deferment of date of commencement of commercial operations (DCCO) for projects in non-infrastructure and commercial real estate (CRE) sectors. (Yogesh Dayal) Chief General Manager Press Release: 2019-2020/1911
Feb 04, 2020
Deposit Insurance and Credit Guarantee Corporation (DICGC) increases the insurance coverage for depositors in all insured banks to ₹ 5 lakh
With a view to providing a greater measure of protection to depositors in banks the Deposit Insurance and Credit Guarantee Corporation, a wholly owned subsidiary of the Reserve Bank of India, has raised the limit of insurance cover for depositors in insured banks from the present level of ₹1 lakh to ₹5 lakh per depositor with effect from February 4, 2020 with the approval of Government of India. (Yogesh Dayal) Chief General Manager Press Release: 2019-2020/1878
With a view to providing a greater measure of protection to depositors in banks the Deposit Insurance and Credit Guarantee Corporation, a wholly owned subsidiary of the Reserve Bank of India, has raised the limit of insurance cover for depositors in insured banks from the present level of ₹1 lakh to ₹5 lakh per depositor with effect from February 4, 2020 with the approval of Government of India. (Yogesh Dayal) Chief General Manager Press Release: 2019-2020/1878
Feb 03, 2020
Marginal Cost of Funds Based Lending Rate (MCLR) for the month January 2020
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of January 2020. Ajit Prasad Director Press Release: 2019-2020/1866
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of January 2020. Ajit Prasad Director Press Release: 2019-2020/1866
Jan 31, 2020
Scheduled Banks’ Statement of Position in India as on Friday, January 17, 2020
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 18-Jan-19 03-JAN-2020 * 17-JAN-2020 * 18-Jan-19 03-JAN-2020 * 17-JAN-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 158874.31 196067.69 194119.66 163135.38 200881.78 199021.88 ** b) Borrowings from banks 83185.01 54290.78 55845.83 83497.94 54316.6 55867.84 c) Other demand & time liabilities 14817.04 11817.63 11919.89 14904.46 11944.74
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 18-Jan-19 03-JAN-2020 * 17-JAN-2020 * 18-Jan-19 03-JAN-2020 * 17-JAN-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 158874.31 196067.69 194119.66 163135.38 200881.78 199021.88 ** b) Borrowings from banks 83185.01 54290.78 55845.83 83497.94 54316.6 55867.84 c) Other demand & time liabilities 14817.04 11817.63 11919.89 14904.46 11944.74
Jan 29, 2020
Reserve Bank of India imposes monetary penalty on HDFC Bank Limited
The Reserve Bank of India (RBI) has, by an order dated January 29, 2020, imposed a monetary penalty of ₹ 1 crore on HDFC Bank Limited for non-compliance with Master Direction on Know Your Customer dated February 25, 2016 (updated as on December 08, 2016) (Direction). The penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949, taking into account the fail
The Reserve Bank of India (RBI) has, by an order dated January 29, 2020, imposed a monetary penalty of ₹ 1 crore on HDFC Bank Limited for non-compliance with Master Direction on Know Your Customer dated February 25, 2016 (updated as on December 08, 2016) (Direction). The penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949, taking into account the fail
Jan 16, 2020
Scheduled Banks’ Statement of Position in India as on Friday, January 03, 2020
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 4-Jan-19 20-DEC-2019 * 03-JAN-2020 * 4-Jan-19 20-DEC-2019 * 03-JAN-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 158649.7 185566.68 196058.09 162904.3 190175.52 200872.18 ** b) Borrowings from banks 71713.27 66123.16 54290.77 72207.84 66148.41 54316.59 c) Other demand & time liabilities 16367.16 12131.41 11819.99 16435.7 12271.8 1194
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 4-Jan-19 20-DEC-2019 * 03-JAN-2020 * 4-Jan-19 20-DEC-2019 * 03-JAN-2020 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 158649.7 185566.68 196058.09 162904.3 190175.52 200872.18 ** b) Borrowings from banks 71713.27 66123.16 54290.77 72207.84 66148.41 54316.59 c) Other demand & time liabilities 16367.16 12131.41 11819.99 16435.7 12271.8 1194
Jan 09, 2020
Marginal Cost of Funds Based Lending Rate (MCLR) for the month December 2019
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of December 2019. Rupambara Director Press Release: 2019-2020/1653
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of December 2019. Rupambara Director Press Release: 2019-2020/1653
Jan 02, 2020
Scheduled Banks’ Statement of Position in India as on Friday, December 20, 2019
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 21-Dec-18 06-DEC-2019 * 20-DEC-2019 * 21-Dec-18 06-DEC-2019 * 20-DEC-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 151784.64 185658.16 185571.51 156063.33 190309.44 190180.35 ** b) Borrowings from banks 93859.53 58782.74 66178.75 93990.06 58832.91 66204 c) Other demand & time liabilities 9571.8 11860.18 12113.83 9685.56 11987.1 12254
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 21-Dec-18 06-DEC-2019 * 20-DEC-2019 * 21-Dec-18 06-DEC-2019 * 20-DEC-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 151784.64 185658.16 185571.51 156063.33 190309.44 190180.35 ** b) Borrowings from banks 93859.53 58782.74 66178.75 93990.06 58832.91 66204 c) Other demand & time liabilities 9571.8 11860.18 12113.83 9685.56 11987.1 12254
Dec 24, 2019
RBI releases “Statistical Tables Relating to Banks in India: 2018-19”
Today, the Reserve Bank released its web publication entitled ‘Statistical Tables Relating to Banks in India: 2018-19’ covering the activities of scheduled commercial banks (excluding regional rural banks). The state-wise distribution of consolidated balance sheet of rural co-operative banks are also covered. For scheduled commercial banks, entity-wise information on major items of liabilities and assets; income and expenses; selected financial ratios; number of emplo
Today, the Reserve Bank released its web publication entitled ‘Statistical Tables Relating to Banks in India: 2018-19’ covering the activities of scheduled commercial banks (excluding regional rural banks). The state-wise distribution of consolidated balance sheet of rural co-operative banks are also covered. For scheduled commercial banks, entity-wise information on major items of liabilities and assets; income and expenses; selected financial ratios; number of emplo
Dec 24, 2019
Report on Trend and Progress of Banking in India 2018-19
Today, the Reserve Bank of India released the Report on Trend and Progress of Banking in India 2018-19, a statutory publication in compliance with Section 36 (2) of the Banking Regulation Act, 1949. This Report presents the performance of the banking sector, including co-operative banks, and non-banking financial institutions during 2018-19 and 2019-20 so far. The highlights of the Report are set out below: The banking sector showed improvement with the gross non-perf
Today, the Reserve Bank of India released the Report on Trend and Progress of Banking in India 2018-19, a statutory publication in compliance with Section 36 (2) of the Banking Regulation Act, 1949. This Report presents the performance of the banking sector, including co-operative banks, and non-banking financial institutions during 2018-19 and 2019-20 so far. The highlights of the Report are set out below: The banking sector showed improvement with the gross non-perf
Dec 24, 2019
Primary (Urban) Co-operative Banks’ Outlook 2018-19
The Reserve Bank of India today herewith releases the 6th volume of the annual publication titled ‘Primary (Urban) Co-operative Banks’ Outlook 2018-19’. It can be accessed at https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!13 The publication has been brought out by the ‘Department of Supervision’ of the Reserve Bank of India. The publication covers the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks for the financial year
The Reserve Bank of India today herewith releases the 6th volume of the annual publication titled ‘Primary (Urban) Co-operative Banks’ Outlook 2018-19’. It can be accessed at https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications#!13 The publication has been brought out by the ‘Department of Supervision’ of the Reserve Bank of India. The publication covers the financial accounts of Scheduled and Non-Scheduled Primary (Urban) Co-operative Banks for the financial year
Dec 19, 2019
Scheduled Banks’ Statement of Position in India as on Friday, December 06, 2019
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 07-Dec-18 22-NOV-2019 * 06-DEC-2019 * 07-Dec-18 22-NOV-2019 * 06-DEC-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 148290.43 179758.98 185744.55 152632.33 184451.28 190395.83 ** b) Borrowings from banks 74064.82 61377.36 58782.74 74312.92 61404.86 58832.91 c) Other demand & time liabilities 13176.38 12130.97 11860.18 13289.24 12294.1
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 07-Dec-18 22-NOV-2019 * 06-DEC-2019 * 07-Dec-18 22-NOV-2019 * 06-DEC-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 148290.43 179758.98 185744.55 152632.33 184451.28 190395.83 ** b) Borrowings from banks 74064.82 61377.36 58782.74 74312.92 61404.86 58832.91 c) Other demand & time liabilities 13176.38 12130.97 11860.18 13289.24 12294.1
Dec 11, 2019
RBI Governor meets MD & CEOs of Public Sector Banks
The Governor, Reserve Bank of India held a meeting today with the MD & CEOs of major public sector banks. In his opening remarks, Governor noted that there has been some improvement in banking sector and the sector remains resilient even though current economic conditions may pose certain challenges. He urged the banks to proactively tackle the emerging challenges swiftly, particularly with regard to the stressed assets resolution in a co-ordinated manner. During
The Governor, Reserve Bank of India held a meeting today with the MD & CEOs of major public sector banks. In his opening remarks, Governor noted that there has been some improvement in banking sector and the sector remains resilient even though current economic conditions may pose certain challenges. He urged the banks to proactively tackle the emerging challenges swiftly, particularly with regard to the stressed assets resolution in a co-ordinated manner. During
Dec 06, 2019
Scheduled Banks’ Statement of Position in India as on Friday, November 22, 2019
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 23-Nov-18 08-NOV-2019 * 22-NOV-2019 * 23-Nov-18 08-NOV-2019 * 22-NOV-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 147566.19 180079.99 179765.23 151883.93 184777.19 184457.53 ** b) Borrowings from banks 67862.78 55164.72 61375.56 68068.07 55189.97 61403.06 c) Other demand & time liabilities 9769.49 11311.62 12131.49 9904.94 11434.49
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 23-Nov-18 08-NOV-2019 * 22-NOV-2019 * 23-Nov-18 08-NOV-2019 * 22-NOV-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 147566.19 180079.99 179765.23 151883.93 184777.19 184457.53 ** b) Borrowings from banks 67862.78 55164.72 61375.56 68068.07 55189.97 61403.06 c) Other demand & time liabilities 9769.49 11311.62 12131.49 9904.94 11434.49
Dec 05, 2019
Reserve Bank of India imposes monetary penalty on Andhra Bank
The Reserve Bank of India (RBI) has, by an order dated December 05, 2019, imposed a monetary penalty of ₹25 lakh on Andhra Bank for non-compliance with certain provisions of directions issued by RBI on Know Your Customer (KYC) Norms/ Anti Money Laundering (AML) Standards and Opening of Current Accounts. The penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 46 (4) (i) and section 51 (1) of the Ba
The Reserve Bank of India (RBI) has, by an order dated December 05, 2019, imposed a monetary penalty of ₹25 lakh on Andhra Bank for non-compliance with certain provisions of directions issued by RBI on Know Your Customer (KYC) Norms/ Anti Money Laundering (AML) Standards and Opening of Current Accounts. The penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with section 46 (4) (i) and section 51 (1) of the Ba
Dec 05, 2019
RBI releases “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”
The Reserve Bank of India today released on its website, “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”. Major changes from the earlier Guidelines on Small Finance Banks dated November 27, 2014, are (i) The licensing window will be open on-tap; (ii) minimum paid-up voting equity capital / net worth requirement shall be ₹ 200 crore; (iii) for Primary (Urban) Co-operative Banks (UCBs), desirous of voluntarily transiting into Small Finan
The Reserve Bank of India today released on its website, “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector”. Major changes from the earlier Guidelines on Small Finance Banks dated November 27, 2014, are (i) The licensing window will be open on-tap; (ii) minimum paid-up voting equity capital / net worth requirement shall be ₹ 200 crore; (iii) for Primary (Urban) Co-operative Banks (UCBs), desirous of voluntarily transiting into Small Finan
Dec 03, 2019
Marginal Cost of Funds Based Lending Rate (MCLR) for the month November 2019
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of November 2019. Ajit Prasad Director Press Release: 2019-2020/1335
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of November 2019. Ajit Prasad Director Press Release: 2019-2020/1335
Nov 29, 2019
Reserve Bank of India imposes monetary penalty on Corporation Bank
The Reserve Bank of India (RBI) has, by an order dated November 29, 2019, imposed a monetary penalty of ₹1.50 crore on Corporation Bank (the bank) for non-compliance with certain provisions of directions issued by RBI on “Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Divergence in NPA Accounts”, “Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances”, “Prudential No
The Reserve Bank of India (RBI) has, by an order dated November 29, 2019, imposed a monetary penalty of ₹1.50 crore on Corporation Bank (the bank) for non-compliance with certain provisions of directions issued by RBI on “Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances - Divergence in NPA Accounts”, “Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances”, “Prudential No
Nov 22, 2019
Reserve Bank of India Appoints an Advisory Committee to Advise the Administrator of Dewan Housing Finance Corporation Ltd
It may be recalled that the Reserve Bank of India, on November 20, 2019, had superseded the board of directors of Dewan Housing Finance Corporation Ltd (DHFL) and appointed Shri R Subramaniakumar as the Administrator. The Reserve Bank, in exercise of powers conferred under section 45 IE 5(a) of the RBI Act 1934, has today constituted a three-member Advisory Committee to assist the Administrator of DHFL in discharge of his duties. The members of the Advisory Committee
It may be recalled that the Reserve Bank of India, on November 20, 2019, had superseded the board of directors of Dewan Housing Finance Corporation Ltd (DHFL) and appointed Shri R Subramaniakumar as the Administrator. The Reserve Bank, in exercise of powers conferred under section 45 IE 5(a) of the RBI Act 1934, has today constituted a three-member Advisory Committee to assist the Administrator of DHFL in discharge of his duties. The members of the Advisory Committee
Nov 20, 2019
Reserve Bank of India imposes monetary penalty on Indian Bank
The Reserve Bank of India (RBI) has imposed, by order dated November 18, 2019, monetary penalty of ₹ One crore on Indian Bank (the bank) for non-compliance with directions issued by RBI on Window-dressing of Balance Sheet and classification and reporting of frauds. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 51 (1) of the Banking Regulation Act, 1949, taking into
The Reserve Bank of India (RBI) has imposed, by order dated November 18, 2019, monetary penalty of ₹ One crore on Indian Bank (the bank) for non-compliance with directions issued by RBI on Window-dressing of Balance Sheet and classification and reporting of frauds. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 51 (1) of the Banking Regulation Act, 1949, taking into
Nov 20, 2019
Reserve Bank of India imposes monetary penalty on Bank of Baroda and Indian Bank
The Reserve Bank of India (RBI) has, by order dated November 18, 2019, imposed monetary penalty on Bank of Baroda for non-compliance with directions issued by RBI on collection of account payee cheques, reporting of frauds, opening of savings bank (SB) accounts, preservation of records of identification of customers and Know Your Customer (KYC)/ Anti-Money Laundering (AML) norms; and by order dated November 18, 2019, imposed monetary penalty on Indian Bank for non-adh
The Reserve Bank of India (RBI) has, by order dated November 18, 2019, imposed monetary penalty on Bank of Baroda for non-compliance with directions issued by RBI on collection of account payee cheques, reporting of frauds, opening of savings bank (SB) accounts, preservation of records of identification of customers and Know Your Customer (KYC)/ Anti-Money Laundering (AML) norms; and by order dated November 18, 2019, imposed monetary penalty on Indian Bank for non-adh
Nov 20, 2019
Scheduled Banks’ Statement of Position in India as on Friday, November 08, 2019
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 09-Nov-18 25-OCT-2019 * 08-NOV-2019 * 09-Nov-18 25-OCT-2019 * 08-NOV-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 147830.45 184140.21 180228.95 152179.91 188936.49 184926.15 ** b) Borrowings from banks 72293.57 59827.36 55208.08 72376.68 59888.11 55233.33 c) Other demand & time liabilities 12099.04 11675.19 11354.09 12189.72 11798.9
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 09-Nov-18 25-OCT-2019 * 08-NOV-2019 * 09-Nov-18 25-OCT-2019 * 08-NOV-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 147830.45 184140.21 180228.95 152179.91 188936.49 184926.15 ** b) Borrowings from banks 72293.57 59827.36 55208.08 72376.68 59888.11 55233.33 c) Other demand & time liabilities 12099.04 11675.19 11354.09 12189.72 11798.9
Nov 18, 2019
Financial Action Task Force (FATF) Public Statement
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 ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdiction of Democratic People's Republic of Korea (DPRK). Also, Jurisdiction of Iran is subject to a FATF call on its members to apply enhanced due diligence measures proportionate to the risks arisin
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 ongoing and substantial money laundering and terrorist financing (ML/FT) risks emanating from the jurisdiction of Democratic People's Republic of Korea (DPRK). Also, Jurisdiction of Iran is subject to a FATF call on its members to apply enhanced due diligence measures proportionate to the risks arisin
Nov 14, 2019
RBI releases guidelines on the criteria for registering institutions, organisations and associations ‘on tap’ for grant of financial assistance from the Depositor Education and Awareness Fund
The Reserve Bank of India today released on its website, guidelines on the criteria for registering institutions, organisations and associations ‘on tap’ for grant of financial assistance from the Depositor Education and Awareness Fund. How to apply? The eligible entities desirous of registering with DEA Fund may apply in the prescribed format given as Annex-1 along with necessary documents/information as per the list of documents indicated in the application form, to
The Reserve Bank of India today released on its website, guidelines on the criteria for registering institutions, organisations and associations ‘on tap’ for grant of financial assistance from the Depositor Education and Awareness Fund. How to apply? The eligible entities desirous of registering with DEA Fund may apply in the prescribed format given as Annex-1 along with necessary documents/information as per the list of documents indicated in the application form, to
Nov 14, 2019
Marginal Cost of Funds Based Lending Rate (MCLR) for the month October 2019
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2019. Ajit Prasad Director Press Release : 2019-2020/1177
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of October 2019. Ajit Prasad Director Press Release : 2019-2020/1177
Nov 07, 2019
Scheduled Banks’ Statement of Position in India as on Friday, October 25, 2019
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 26-Oct-18 11-OCT-2019 * 25-OCT-2019 * 26-Oct-18 11-OCT-2019 * 25-OCT-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 145688.55 180418.78 184139.31 150127.13 185288.43 188935.59 ** b) Borrowings from banks 76720.94 56164.62 59827.36 77430.18 56328.32 59888.11 c) Other demand & time liabilities 14370.33 11588.98 11732.93 14514.4 11727.14
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 26-Oct-18 11-OCT-2019 * 25-OCT-2019 * 26-Oct-18 11-OCT-2019 * 25-OCT-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 145688.55 180418.78 184139.31 150127.13 185288.43 188935.59 ** b) Borrowings from banks 76720.94 56164.62 59827.36 77430.18 56328.32 59888.11 c) Other demand & time liabilities 14370.33 11588.98 11732.93 14514.4 11727.14
Nov 04, 2019
Reserve Bank announces the opening of first cohort under the Regulatory Sandbox
The Reserve Bank announces the opening of first cohort under the Regulatory Sandbox. The Reserve Bank announces the opening of first cohort under the Regulatory Sandbox (RS) with ‘Retail Payments’, as its theme. The adoption of ‘Retail Payments’ as the theme is expected to spur innovation in digital payments space and help in offering payment services to the unserved and underserved segment of the population. Migration to digital modes of making a payment can obviate
The Reserve Bank announces the opening of first cohort under the Regulatory Sandbox. The Reserve Bank announces the opening of first cohort under the Regulatory Sandbox (RS) with ‘Retail Payments’, as its theme. The adoption of ‘Retail Payments’ as the theme is expected to spur innovation in digital payments space and help in offering payment services to the unserved and underserved segment of the population. Migration to digital modes of making a payment can obviate
Oct 25, 2019
Reserve Bank of India imposes monetary penalty on Tamilnad Mercantile Bank Ltd
The Reserve Bank of India (RBI) has, by an order dated October 24, 2019, imposed monetary penalty of ₹ 35 lakh (Rupees Thirty Five Lakh) on Tamilnad Mercantile Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1
The Reserve Bank of India (RBI) has, by an order dated October 24, 2019, imposed monetary penalty of ₹ 35 lakh (Rupees Thirty Five Lakh) on Tamilnad Mercantile Bank Ltd. (the bank) for non-compliance with certain provisions of directions issued by RBI on “Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016”. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1
Oct 24, 2019
Scheduled Banks’ Statement of Position in India as on Friday, October 11, 2019
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 12-Oct-18 27-SEP-2019 * 11-OCT-2019 * 12-Oct-18 27-SEP-2019 * 11-OCT-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 143672.09 187729.47 180706.56 148175.39 192430.94 185576.21 ** b) Borrowings from banks 79427.33 63162.98 56167.2 79613.03 63485.54 56330.9 c) Other demand & time liabilities 12309.71 11777.46 11803.03 12441.82 11915.56
(Amount in Crore of ₹) SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS 12-Oct-18 27-SEP-2019 * 11-OCT-2019 * 12-Oct-18 27-SEP-2019 * 11-OCT-2019 * I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from bks. 143672.09 187729.47 180706.56 148175.39 192430.94 185576.21 ** b) Borrowings from banks 79427.33 63162.98 56167.2 79613.03 63485.54 56330.9 c) Other demand & time liabilities 12309.71 11777.46 11803.03 12441.82 11915.56
Oct 16, 2019
Reserve Bank of India imposes monetary penalty on SBM Bank (India) Ltd.
The Reserve Bank of India (RBI) has, by an order dated October 15, 2019, imposed a monetary penalty of ₹ 3 crore on SBM Bank (India) Ltd. for non-compliance by SBM Bank (Mauritius) Ltd. (amalgamated with SBM Bank (India) Ltd. on November 30, 2018) with certain provisions of directions issued by RBI on “Time-bound implementation and strengthening of SWIFT - related operational controls” and “Cyber Security Framework in Banks”. This penalty has been imposed in exercise
The Reserve Bank of India (RBI) has, by an order dated October 15, 2019, imposed a monetary penalty of ₹ 3 crore on SBM Bank (India) Ltd. for non-compliance by SBM Bank (Mauritius) Ltd. (amalgamated with SBM Bank (India) Ltd. on November 30, 2018) with certain provisions of directions issued by RBI on “Time-bound implementation and strengthening of SWIFT - related operational controls” and “Cyber Security Framework in Banks”. This penalty has been imposed in exercise
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