Press Releases - Regulating Commercial Banking - આરબીઆઈ - Reserve Bank of India
પ્રેસ રિલીઝ
નવે 16, 1999
RBI issues guideline on Debit / Smart Cards
The Reserve Bank of India has issued guidelines to the banks for issuing of debit cards and smart cards. With the spread of information technology, electronic money, namely, debit cards and smart cards are being increasingly used as alternative payment instruments. These guidelines have been issued with a view to helping banks to introduce appropriate schemes in issuing of electronic cards to ease pressure on physical cash.Debit cards are plastic cards connected with
The Reserve Bank of India has issued guidelines to the banks for issuing of debit cards and smart cards. With the spread of information technology, electronic money, namely, debit cards and smart cards are being increasingly used as alternative payment instruments. These guidelines have been issued with a view to helping banks to introduce appropriate schemes in issuing of electronic cards to ease pressure on physical cash.Debit cards are plastic cards connected with
પીડીએફ (
નવે 15, 1999
RBI releases Report on Trend and Progress of Banking in India 1998-99
The Reserve Bank of India today released its Report on Trend and Progress of Banking in India 1998-99. The Report gives a comprehensive account of the performance of commercial and cooperative banks, as also of other financial entities during 1998-99, besides the policy and regulatory environment in which they operate. The highlight of the Report is a detailed treatment of main aspects of the functioning of the non-banking finance companies (NBFCs).The first chapter c
The Reserve Bank of India today released its Report on Trend and Progress of Banking in India 1998-99. The Report gives a comprehensive account of the performance of commercial and cooperative banks, as also of other financial entities during 1998-99, besides the policy and regulatory environment in which they operate. The highlight of the Report is a detailed treatment of main aspects of the functioning of the non-banking finance companies (NBFCs).The first chapter c
નવે 12, 1999
Clarification on Gold Deposit Scheme
Some clarifications have been sought as to whether the acceptance of gold under the gold deposit scheme is restricted only to gold in scrap form. The Reserve Bank of India has, therefore, clarified for the information of the general public that gold in any form such as ornaments, jewellery, coins, bars etc. may be tendered by the depositor to the bank authorised to accept such a deposit. The bank will then make a preliminary assay without breaking or changing the form
Some clarifications have been sought as to whether the acceptance of gold under the gold deposit scheme is restricted only to gold in scrap form. The Reserve Bank of India has, therefore, clarified for the information of the general public that gold in any form such as ornaments, jewellery, coins, bars etc. may be tendered by the depositor to the bank authorised to accept such a deposit. The bank will then make a preliminary assay without breaking or changing the form
નવે 01, 1999
RBI Working Group suggests roadmap for Credit Information Bureau
The Working Group constituted by the Reserve Bank of India to explore the possibilities of setting up a Credit Information Bureau in India submitted its report today. The Group in its report has pointed out that under the existing legal framework disclosure of information on banks’ customers is prohibited. However, pending legislative amendments, a beginning might be made for setting up a Credit Information Bureau that can operate with information relating to suit fil
The Working Group constituted by the Reserve Bank of India to explore the possibilities of setting up a Credit Information Bureau in India submitted its report today. The Group in its report has pointed out that under the existing legal framework disclosure of information on banks’ customers is prohibited. However, pending legislative amendments, a beginning might be made for setting up a Credit Information Bureau that can operate with information relating to suit fil
નવે 01, 1999
Banks to remain closed on January 1 for Public Dealings
The Reserve Bank of India has issued a directive advising that all scheduled commercial banks, including regional rural banks, would remain closed for public transactions on January 1, 2000. This is in conformity with the international practices as a part of contingency plan for the year 2000 (Y2K) preparations.As per the Reserve Bank directive, banks would have to be kept open on that day for staff members so that continuity of business operations in the year 2000 co
The Reserve Bank of India has issued a directive advising that all scheduled commercial banks, including regional rural banks, would remain closed for public transactions on January 1, 2000. This is in conformity with the international practices as a part of contingency plan for the year 2000 (Y2K) preparations.As per the Reserve Bank directive, banks would have to be kept open on that day for staff members so that continuity of business operations in the year 2000 co
ઑક્ટો 09, 1999
Aggregate Deposits and Gross Bank Credit of All Scheduled Commercial Banks:Quarterly Handout: June 1999
The 'Banking Statistics: Quarterly Handout - June 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on June 25, 1999, with various classifications, has been published by the Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The publication
The 'Banking Statistics: Quarterly Handout - June 1999' providing data on aggregate deposits and gross bank credit of scheduled commercial banks as on June 25, 1999, with various classifications, has been published by the Reserve Bank of India. The primary data have been collected from the scheduled commercial banks through the BSR-7 return. Data have been presented according to top hundred centres, population groups, districts, states and bank groups. The publication
સપ્ટે 29, 1999
Banks to remain closed for public on September 30, 1999
All scheduled banks and co-operative banks in India shall remain closed for public transactions on September 30, 1999 to enable them to close their half-yearly books of accounts.Rupambara Padhi ManagerPress Release : 1999-2000/447
All scheduled banks and co-operative banks in India shall remain closed for public transactions on September 30, 1999 to enable them to close their half-yearly books of accounts.Rupambara Padhi ManagerPress Release : 1999-2000/447
ઑગસ્ટ 30, 1999
Pay income tax at specified bank branches : Reserve Bank of India
For the convenience of income tax assessees, arrangements have been made for receipt of advance income tax at specified branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India. The designated branches of these banks are authorised by the income tax department to accept payment of income tax dues. Assessees are advised to take advantage of these standing arrange
For the convenience of income tax assessees, arrangements have been made for receipt of advance income tax at specified branches of Bank of Baroda, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, State Bank of India and United Bank of India. The designated branches of these banks are authorised by the income tax department to accept payment of income tax dues. Assessees are advised to take advantage of these standing arrange
ઑગસ્ટ 19, 1999
Report of the Working Group on International Banking Statistics
In the context of the recent crisis in East Asia, the need for collection of timely and comprehensive information on international exposure of commercial banks has assumed critical importance at the international level. With the growing liberalisation of the external sector, close monitoring, on an ongoing basis, of the international claims and liabilities of the Indian banking sector has also become necessary. This will enable India to gauge the developments in inter
In the context of the recent crisis in East Asia, the need for collection of timely and comprehensive information on international exposure of commercial banks has assumed critical importance at the international level. With the growing liberalisation of the external sector, close monitoring, on an ongoing basis, of the international claims and liabilities of the Indian banking sector has also become necessary. This will enable India to gauge the developments in inter
ઑગસ્ટ 06, 1999
Reserve Bank releases Report on Repurchase Agreements for Market Feedback
The Reserve Bank of India has today published the report on 'Repurchase Agreements (Repos)', prepared by the sub-group of the erstwhile Technical Advisory Committee on Government Securities Market. Copies of the report are been circulated among market participants, such as, primary dealers, satellite dealers and the Fixed Income and Money Market Dealers Association (FIMMDA) for obtaining their views.There has been continuing demand from the market participants to wide
The Reserve Bank of India has today published the report on 'Repurchase Agreements (Repos)', prepared by the sub-group of the erstwhile Technical Advisory Committee on Government Securities Market. Copies of the report are been circulated among market participants, such as, primary dealers, satellite dealers and the Fixed Income and Money Market Dealers Association (FIMMDA) for obtaining their views.There has been continuing demand from the market participants to wide
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